(As of 30 Apr, 2019)
To generate long-term capital growth from a diversified portfolio of predominantly equity and equity-related securities.
(since 24 Nov, 2012)
This fund is been allocated in various sectors including some of the prominent ones that are widely accepted and are creating a value of trust.
HDFC Bank Ltd
Graphite India Ltd
ICICI Bank Ltd
Housing Development Finance Corp Ltd
About the Scheme Type
ELSS or Equity Linked Saving Schemes can help you with a two-fold benefit of saving your taxes and growing your money. ELSSare open-ended Equity Mutual Funds, investments in which qualify for tax exemptions under section 80C of the Income Tax Act of 1961. The scheme invests at least 80% of its total assets in equity and equity-linked instruments and comes with a mandatory lock-in period of 3 years. Returns from ELSS investments over and above 1 lac rupees are subject to LTCG (Long-Term Capital Gains) Tax at 10%.
Given that these funds are passively managed, it also reduces the expense ratio and other fees making them cost efficient.
This fund is rated 3 stars by Morning Star Ratings.
★ ★ ★ ☆ ☆
Overview of L&T Investment Management Ltd
L&T Investment Management Ltd
We, at L&T Mutual Fund, follow a disciplined approach to
investment and risk management for delivering superior long-term
risk-adjusted performance. L&T Mutual Fund has a robust
monitoring and risk management process that ensures checks and
balances at every stage. Here’s a step-by-step process of our
- Generation of ideas: L&T Mutual Fund’s analysts and fund
managers are actively on the hunt for identifying new ideas. For
equity investing, the search spectrum includes investment team
meetings, meetings with a company's management, suppliers,
industry experts, regulators, external research, competitors and
reports. And in the case of fixed income funds, investment
ideas are born out of team strategy meetings, in-depth interaction
with issuers and market participants, macro analysis
and internal and external research ideas.
- Evaluation of companies: Filters such as liquidity, market
capitalisation ownership and other parameters help identify
opportunities, which are then thoroughly evaluated for
profitability, business attractiveness, competitive positioning,
balance sheet strength, management track record, corporate
governance and valuations for equities. Thorough credit or
issuer analysis and macro analysis underpins the evaluation
framework for identifying issuers and instruments for fixed
- Manufacturing or Monitoring of portfolios: Among all the ideas
that are generated and evaluated, the fund manager picks
those that have the most potential. Portfolios are monitored
continuously to ensure that they are positioned to meet their
investment objectives and are within the set risk framework. A
fund manager may decide to exit a holding on achieving the
price target or for other reasons such as weakened business
prospects or credit, or if better investment opportunities wait in