L&T Investment Management Ltd

 

1. L&T Mutual Funds

L&T mutual funds are based on sustainability and hence, focuses on optimum risk-adjustment to deliver maximum returns. As part of one of the biggest MNCs in the world, they have a strong financial base and address diverse investment profiles and goals.

2. How to invest in L&T Mutual Funds through Cleartax

Investing in L&T Funds is simple for first-time investors as well as veterans. Just visit ClearTax to view our comprehensive and diverse list of funds, handpicked by finance experts. They are user-friendly enough to save time and personalized enough to address all your short-term and long-term goals. All you need to do is pick one (or more) that suits your profile and then continue to complete the KYC formalities.

a. Know Your Customer or KYC

Like any distributor, Cleartax mandates too you to do the Know Your Customer (KYC) and/or In-Person Verification (IPV). However, we do not wish to inconvenience our investors. We have, therefore, enabled a way to do KYC in a quick and simple way. However, if you are investing through Cleartax, one time KYC is all you need to do. The same KYC will be used for all your future investments. You can do KYC verification by 2 of the below options:

• Using OTP sent to your Aadhaar-registered mobile number By uploading photos/scans of the required documents
• b. Documentation ID Proofs: You can submit a copy of your PAN Card, Passport, Aadhaar Card, Voter ID or Driving License. We also accept other central government approved documents like NREGA job card. Residential proofs: You can submit the same ID proof (except PAN), in case the address on it is your current residential address. Also accepted are a rental/lease agreement, most utility bill, and ration card. In case your permanent address and correspondence address is not the same, then submit proofs for both. c. Investment process in 3 simple steps Step 1: Select the plan or fund(s) and the amount you want to invest (SIP or lumpsum) Step 2: Provide your personal details in the given columns (KYC) Step 3: Make payment using debit or credit card, e-wallet or via internet banking. The entire investment takes no more than minutes. 3. Top L&T Mutual Funds a. L&T Equity Funds SL No Name of the fund Investment Objective Risks Returns (In 5 years) 1 L&T Emerging Businesses Fund An open ended equity scheme that mostly invests in small cap stocks (equities of startups with potential). Sometimes, they also invest in foreign securities of emerging businesses. Aim for long-term wealth creation (superior returns). High NA (16.84% in 3 years) 2 L&T Equity Fund An open ended equity fund that invests in a mix of large cap, mid cap, small cap equities to make long-term wealth. This diversification manages the risks. Moderately High 15.29% 3 L&T Large and MidCap Fund (Previous name is L&T India Special Situations Fund) An open ended equity scheme that invests in a mix of large cap and mid cap equities to create long-term capital. It mandates a minimum of 35% asset allocation to large and medium enterprises. Moderately High 16.08% 4 L&T Business Cycles Fund An open-ended equity scheme aiming to make long-term wealth by investing mainly in equity and equity related securities like equity derivatives. They ride the business cycles by dynamic allocation across sectors at various phases of the business cycles. High NA (4.09% in 3 years) 5 L&T India Large Cap Fund An open ended equity scheme that mainly bets on large cap equities to deliver long-term wealth growth. They can also allocate some in Foreign Securities. Moderately High 13.11% 6 L&T Midcap Fund An open-ended equity scheme that mainly invests in mid cap equities to deliver long-term wealth. High 25.72% 7 L&T India Value Fund An open ended equity scheme that focuses on a value investment approach to make long-term wealth. It invests mainly in equity and equity related securities (mostly of undervalued securities in the Indian market). It also allocates a small percentage of assets to Foreign Securities. Moderately High 22.52% 8 L&T Tax Advantage Fund An open-ended tax-saving mutual fund (ELSS) that affords you with dual benefit of wealth creation as well as tax deduction. The lock-in period is only 3 years. Moderately High 16.95% 9 L&T Infrastructure Fund An open-ended equity scheme that focuses on equities of infrastructure companies to make long-term wealth . High 22.92% 10 L&T Long Term Advantage Fund I As an open-ended equity growth scheme, it aims long-term wealth creation via major equity asset allocation. It allows tax relief to investors too. – 17.21%

b. L&T Fixed Income Funds SL No Name of the fund Investment Objective Risks Returns (In 5 years) 1 L&T Cash Fund An open ended debt scheme that invests in overnight securities to provide steady returns in tandem with the overnight rates. Low 6.72% 2 L&T Resurgent India Bond Fund (Previous name is L&T Resurgent India Corporate Bond Fund) An open-ended medium term debt fund that invests in instruments in a way that the Macaulay period of the portfolio is falls 3-4 years. It aims for steady income by allocating assets in debt and money market securities. Moderate NA (6.59% in 3 years) 3 L&T Liquid Fund An open-ended liquid fund that fetches reasonable returns while assuring capital protection and high liquidity. For this, they mainly invest in market instruments, corporate debt, government securities etc. Low 7.92% 4 L&T Ultra Short Term Fund An open-ended ultra-short debt fund that invests in such a way that the Macaulay period of the investment is between 3-6 months. It seeks steady income while ensuring high liquidity. For this, they mainly focus on govt, securities, money market instruments, corporate debt etc. Moderately Low 8.08% 5 L&T Low Duration Fund (Previous name is L&T Short Term Income Fund) An open-ended low duration debt fund that stay invested for the Macaulay duration of the investment (between 6-12 months). It aims for reasonable returns by investing in money market and fixed income securities. Moderate 8.65% 6 L&T Banking and PSU Debt Fund An open-ended debt fund that mostly invests in debt and money market instruments of PSUs, banks, NBFCs, municipal bonds and public financial institutions to reap regular returns. Moderate 7.69% 7 L&T Credit Risk Fund (Previous name is L&T Income Opportunities Fund) An open ended debt scheme mainly invests in money market, govt securities, corporate bonds rated AA and below to reap steady returns. Moderate 8.61% 8 L&T Short Term Bond Fund (Previous name is L&T Short Term Opportunities Fund) An open ended short term debt scheme investing in instruments such that the Macaulay duration of the portfolio is between 1 year to 3 years To generate regular returns and capital appreciation by investing in debt, government and money market securities. Moderately Low 7.73% 9 L&T Money Market Fund (Previous name is L&T Floating Rate Fund) Open ended debt scheme investing in money market instruments. To generate regular income through investment in a portfolio comprising substantially of money market instruments. Moderately Low 8.21% 10 L&T Gilt Fund An Open Ended debt scheme investing in government securities across maturity. The investment objective of the Scheme will be to generate returns from a portfolio from investments in Government Securities. Moderate 8.39% 11 L&T Triple Ace Bond Fund An open-ended debt scheme predominantly investing in AA+ and above rated corporate bonds To generate regular return by investing predominantly in AA+ and above rated debt and money market instruments. Moderate 6.39% 12 L&T Flexi Bond Fund An open-ended dynamic debt scheme investing across duration To generate reasonable returns through a diversified portfolio of fixed income securities. Moderate 8.07% c. L&T Hybrid Funds SL No Name of the fund Investment Objective Risks Returns (In 5 years) 1 L&T Hybrid Equity Fund (Previous name – L&T India Prudence Fund) An open-ended hybrid scheme that mainly invests in equity and equity related instruments for long-term wealth and some in debt and money market to make regular returns. Moderately High 16.23% 2 L&T Conservative Hybrid Fund (Previous name – L&T Monthly Income Plan) An open-ended hybrid fund that mainly invests in debt instruments for steady income and the rest in equities for capital growth. Moderately High 7.59% 3 L&T Dynamic Equity Fund An open-ended dynamic asset allocation equity fund that make long-term wealth by investing in a equities (for growth) and debt and money market (for income returns). They make use of arbitrage opportunities (simultaneous buying and selling of securities) across asset classes. Moderately High 14.19% 4 L&T Arbitrage Opportunities Fund An open ended scheme that utilize arbitrage opportunities to make reasonable and regular returns. Moderately Low NA (6.14% 3-year returns) 5 L&T Equity Savings Fund An open ended scheme that invests in mainly in arbitrage opportunities in the cash and derivatives sectors of debt and money market instruments. At the same time, they make long-term capital growth from unhedged exposure to equities. Moderately High 8.52% d. L&T Fixed Maturity Plans SL No Name of the fund Investment Objective Risks Returns (In 5 years) 1 Fixed Maturity Plans – Series XVIII A closed-ended debt fund that seeks wealth growth by investing in debt, money market instruments and/or fixed income securities that mature on or before the tenure of the Scheme ends. Moderate NA 2 L&T Emerging Opportunities Fund – Series I & II A close-ended equity fund that mostly invests in small cap stocks to leverage on the growth potential of small enterprises. Seeks supreme and long-term wealth growth. Fund manager also manages the portfolio liquidity to beat volatility. High NA 3 Fixed Maturity Plans – Series XVII A closed-ended debt fund that aims for wealth growth by investing in a debt, money market instruments and fixed income securities that matures within the fund’s tenure. Moderate NA 4 Fixed Maturity Plans – Series XVI A closed-ended debt scheme that seeks capital appreciation by investing in a mix of debt, money market or fixed income securities that will mature within the scheme’s tenure. Moderate NA 5 Fixed Maturity Plans – Series XIV A closed-ended debt mutual fund that aims for wealth growth by investing in a mix of debt, money market instruments and/or fixed income securities that will mature within the tenure of the scheme. Moderate NA 4. Top Asset Managers in L&T S.N Lahiri – An IIM graduate, he has previously worked with Canara Robeco Fund House and DSP Black Rock Investment Managers Private Ltd among others. He handles a mix of equity, FMPs and hybrid funds at L&T AMC. Karan Desai – A Commerce graduate from Mumbai University, he has sizable experience in handling investments for High Network Individuals and Institutional and Accounts & Taxation. At L&T, he oversees a some of their equity funds, FMPs and Fixed Income Schemes. Venugopal Manghat Currently the Co-Head of Equities at L&T fund house, Mr. Manghat has more than 2 decades of experience in the field. He has significant exposure to multiple industries as well as the stock market, which enables him to deliver risk-adjusted returns. Vihang Naik – A CFA Mr. Naik is a CFA and handles L&T Midcap Fund among others. He has also worked in MF Global Sify securities, SBICAP Securities and Motilal Oswal Securities before joining L&T. Jalpan Shah Shriram Ramanathan Vikas Garg Praveen Ayathan 5. About L&T Investment Management Ltd L&T Investment Management Ltd emphasizes on steady and disciplined risk management to deliver lasting performance. As one of India’s reputed fund houses, it has strong presence in around 30 countries. L&T stands for Larsen & Toubro and the MNC was incepted in 1939. The sponsor for the fund house is L&T Finance Holdings Limited (LTFH), a registered NBFC with RBI. Catering to diverse and goal-based financial needs of individuals and companies, they boast of a mutual fund management team with immense expertise and exuberance.