L&T Investment Management Limited Mutual Funds Investments
We have listed various Mutual Fund schemes across different asset classes along with the necessary information to help you make an informed decision. You can filter as per the funds based on the categories of mutual funds. The screener will help you analyze the funds on parameters like fund type, AUM, minimum amount, age, and returns.
About L and T Mutual Fund
L&T Mutual Fund, whose assets are managed by L&T Investment Management Limited, is the mutual fund wing of L&T financial services. L&T Investment Management Limited is a wholly-owned subsidiary of L&T Finance Holdings Ltd., which is a publicly-listed NBFC. It is set up under the Indian Trust Act, 1882 and registered with SEBI under the registration number MF/035/97/9.
L&T mutual funds emphasize being on superior long-term risk-adjusted-performance. They believe in checks and balances at every stage. They have a proprietary investment process called the GEM to do the same.
Generation of ideas
Analysts and fund managers actively participate in idea generation. They do extensive research about the company, industry, and how the current state of the economy affects it. They also interact with the companies, the issuers of securities, and have multiple team meetings and be a devil's advocate to their ideas before choosing one.
Evaluation of companies
In this stage of the process, a complete review of the company is done. Businesses profitability, attractiveness, competitive positioning, balance sheet strength, management track record, corporate governance, and valuations for equities. And, for fixed income, the issuer's credibility analysis and macro analysis is done.
Manufacturing or monitoring of portfolios
The fund manager invests in the ideas that have the most potential to yield a profitable return. They also continuously monitor the portfolio by checking if the existing asset allocation will fall under the objectives and risk profile of the fund. They may exit the script (or tweak asset allocation) if the price target has reached, or a better opportunity awaits or the business prospects weaken, or the macro policies change.
L&T Financial Services manages 119 lakh+ customer accounts, with a book size of INR 99,453 Cr, with 1600+ touchpoints. It operates more than 35+ funds with average assets under management of INR 71,587 Cr.
How to Invest in L and T Mutual Funds via Scripbox?
Scripbox has made investing in mutual an easy task. One has to follow these steps to invest in mutual funds with Scripbox.
Step 1 – Visit Scripbox and Begin your Investment Journey
Go to Scripbox’s homepage, and click on the button, "Let's get started." Doing so displays a list of investment options based on one’s life goals.
To invest in mutual funds, choose an option that is close to the current financial goal one wants to achieve.
To proceed with mutual fund investment, click on "Continue."
Step 2 – Signup and Create an Account
This step directs the investor to create a Scripbox account. Upon account creation, investment details will be displayed.
Here one has to enter the amount of investment and select a payment option with Scripbox. Investors can choose between SIP and lump sum by clicking "Every month SIP" for SIP investment or "One-time" for lump sum payment options depending on their cash flow.
A SIP calculator can help calculate potential SIP returns from SIP investments. Investors can use Scripbox’s SIP Calculator for the same.
Click on "See Recommended Funds" to proceed for investment.
Step 3 – Check the Plan and Fund Allocation
In this step, a list of mutual funds and the investment amount allocated for the funds in the selected plan is displayed. It is advised to check all the details before proceeding ahead.
An investor can change the fund or investment amount, by clicking "I want to change Funds/ Amount."
Click on the "Next" button to make payment.
Step 4 – Bank Details and Money Transfer
This step required investors to enter their saving account and PAN details. Scripbox provides a secure environment. All bank account (saving account) details will be kept safe and secure. The bank account will only be used for investing and crediting the redemption proceeds only.
KYC Required to Invest in L and T Mutual Fund via Scripbox
Know Your Customer (KYC) helps in identifying a client. KYC requirements are prescribed by SEBI. To invest in SEBI registered mutual funds, investors have to be KYC compliant. A KYC form will include identity information, address, financial status, occupation, and demographic information.
One can get their KYC done with Scripbox. The following KYC documents are needed by Resident Indians and PIO residing in India:
- Pan Card
- Photograph
- KYC Authorisation Letter. (Please write on a while plain sheet of paper that "I authorize Scripbox to do my mutual fund KYC" & sign below it)
- Address proof (Aadhar Card (Both Front & Back)/Driving License/Passport/Voter ID Card)
- Video Selfie: Record a video by facing the camera for 5 seconds.
One has to upload clear color scanned copies of their KYC documents at the time of registration itself. Or. They could also share their KYC documents at help@scripbox.com or Whatsapp it to us on +91-8884448026.
Top L and T Mutual Funds
Below are the L&T top performing mutual funds.
| Scheme | Category | AUM in Cr (As on 30th June 2020) |
| L&T Midcap Fund (G) | Equity: Mid Cap | Rs 5,699 Cr |
| L&T Emerging Businesses Fund (G) | Equity: Small Cap | Rs 4,697 Cr |
| L&T India Value Fund (G) | Equity: Value Oriented | Rs 5,965 Cr |
| L&T Liquid Fund (G) | Debt: Liquid | Rs 7,906 Cr |
| L&T Triple Ace Bond Fund (G) | Debt: Corporate Bond Fund | Rs 3,871 Cr |
Top L and T Equity Funds
Below are the top performing L&T equity mutual funds in India.
| Scheme | Category | AUM in Cr (As on 30th June 2020) |
| L&T Emerging Businesses Fund (G) | Equity: Small Cap | Rs 4,697 Cr |
| L&T India Large Cap Fund (G) | Equity: Larger Cap | Rs 509 Cr |
| L&T India Value Fund (G) | Equity: Value Oriented | Rs 5,965 Cr |
| L&T Infrastructure Fund (G) | Equity: Sectoral-Infrastructure | Rs 1,163 Cr |
Top L and T Debt Funds
Below are the top performing L&T Debt mutual funds in India.
| Scheme | Category | AUM in Cr (As on 30th June 2020) |
| L&T Liquid Fund (G) | Debt: Liquid | Rs 7,906 Cr |
| L&T Money Market Fund (G) | Debt: Money Market | Rs 1,188 Cr |
| L&T Overnight Fund (G) | Debt: Overnight | Rs 1,466 Cr |
| L&T Short Term Bond Fund (G) | Debt: Short Duration | Rs 4,694 Cr |
| L&T Triple Ace Bond Fund (G) | Debt: Corporate Bond Fund | Rs 3,871 Cr |
| L&T Ultra Short Term Fund (G) | Debt: Ultra Short Duration | Rs 1,960 Cr |
Top L and T Tax Saver Funds
Below is the top-performing L&T mutual fund scheme.
| Scheme | Category | AUM in Cr (As on 30th June 2020) |
| L&T Tax Advantage Fund (G) | Equity: ELSS | Rs 2,843 Cr |
Top Fund Managers
Top Equity Fund Managers
Mr. Venugopal Manghat
Mr. Manghat is the Head of Equities at L&T MF. He has over 23 years of experience in the Indian Equity Market. Before joining L & T MF, he was with Tata Asset Management for 16 years. He joined as a management trainee and worked in multiple positions as a dealer for equity and debt, research analyst for equity and credit, head of research while managing some essential equity and hybrid funds. Before joining Tata AMC, he worked as a sell-side research analyst. Mr. Manghat holds a Bachelor's degree and also an MBA degree in Finance. Mr. Manghat has also cleared the certification level of the BSE Institute.
He currently manages the following funds L&T Conservative Hybrid Fund, L&T Equity Savings Fund, L&T India Large Cap Fund, L&T India Value Fund, L&T Arbitrage Opportunities Fund, L&T Business Cycles Fund, L&T Balanced Advantage Fund, L&T Emerging Businesses Fund, L&T Emerging Opportunities Fund Series II, L&T Emerging Opportunities Fund Series I, L&T Equity Fund, L&T Focused Equity Fund, L&T Hybrid Equity Fund, L&T Infrastructure Fund, L&T Large and Midcap Fund, and L&T Tax Advantage Fund.
Mr. Vihang Naik
Mr. Naik joined L&T Mutual Fund in 2012 and is currently the Fund Manager. He has more than 12 years of experience in Indian Equities. His expertise is in bottom-up stock picking. He manages equity assets of more than INR 6,000 Cr. Before joining L and T MF, he worked with MF Global, Motilal Oswal Securities Ltd. And SBICAP Securities. Mr. Naik is a Certified Financial Analyst from CFA Institute, USA, and holds a Bachelor of Management Studies degree from the University of Mumbai.
He currently manages the following funds L&T Emerging Opportunities Fund Series I, L&T Emerging Opportunities Fund Series II, L&T Focused Equity Fund, L&T Balanced Advantage Fund, L&T Business Cycles Fund, L&T Conservative Hybrid Fund, L&T Emerging Businesses Fund, L&T Equity Fund, L&T Equity Savings Fund, L&T Hybrid Equity Fund, L&T India Large Cap Fund, L&T India Value Fund, L&T Infrastructure Fund, L&T Large and Midcap Fund, and L&T Tax Advantage Fund.
Mr. Praveen Ayathan
Mr. Ayathan joined L&T Mutual Fund in 2012 and is currently the Chief Institutional Equity Dealer. Before joining L & T MF, he was with Kotak Asset Management Company and Dalal & Broacha Stock Broking Pvt. Ltd. Mr. Ayathan holds a B.Sc degree in Mathematics. He currently manages L&T Arbitrage Opportunities Fund, L&T Equity Savings Fund, L&T Balanced Advantage Fund, and L&T Nifty 50 Index Fund.
Mr. Alok Ranjan
Mr. Ranjan is an investment analyst at L&T Mutual Fund. He joined in the year 2017. He comes with an experience of more than eight years. At L&T Mutual Fund, the following sectors come under his purview: Cement, Auto & Auto Ancillaries, Capital Goods, Infra, Agri related, Chemicals, and Oil & Gas. He previously worked with JM Financial, Kotak Mahindra Bank, and American Express. He has a B. Tech degree from NIT Warangal. Also an MBA from IIM Calcutta. He is also a CFA (Chartered Financial Analyst) from CFA Institute.
Top Debt Fund Managers
Mr. Shriram Ramanathan
Mr. Ramanathan is the Head of Fixed Income at L&T Mutual Fund. He oversees more than INR 30,000 Cr worth assets across various fixed income funds. He has over 15 years of experience in fixed income markets. Before joining L and T MF, he was associated with Fidelity (FIL) Fund Management, ING Investment Management Asia Pacific in Hong Kong, Zurich Asset Management Company, and ICICI Bank. Mr. Ramanathan is a Chartered Financial Analyst. He holds a Post Graduate Diploma in Business Management from XLRI Jamshedpur and an Engineering degree from the University of Mumbai.
He currently manages L&T Credit Risk Fund, L&T Liquid Fund, L&T Low Duration Fund, L&T Triple Ace Bond Fund, L&T Resurgent India Bond Fund, L&T Flexi Bond Fund, L&T Hybrid Equity Fund, L&T Short Term Bond Fund, L&T Banking, and PSU Debt Fund, L&T Gilt Fund, L&T Money Market Fund, L&T Ultra Short Term Fund, and FMPs (since Mar 2020).
Mr. Jalpan Shah
Mr. Shah is the Portfolio Manager – Fixed Income at L&T Mutual Fund. He joined the firm in 2012. He has over 15 years of experience in the Indian Fixed Income Markets. Before joining L & T Mutual Fund, he was associated with Fidelity International and UTI Mutual Fund. Mr. Shah holds a PGDM in Finance from T A Pai Management Institute, Manipal, and a Mechanical Engineering degree from Sardar Patel University. He currently manages the following funds L&T Liquid Fund, L&T Ultra Short Term Fund, L&T Balanced Advantage Fund, L&T Banking, and PSU Debt Fund, L&T Conservative Hybrid Fund, L&T Equity Savings Fund, L&T Flexi Bond Fund, L&T Gilt Fund, L&T Short Term Bond Fund, L&T Money Market Fund, L&T Triple Ace Bond Fund, L&T Arbitrage Opportunities Fund, L&T Credit Risk Fund, L&T Low Duration Fund, L&T Resurgent India Bond Fund, and FMPs (since Dec 2016).
Key Information about L and T AMC
| Mutual fund | L&T Mutual Fund |
| Asset management company | L&T Investment Management Ltd. |
| Founded | 3 January 1997 |
| Incorporated | 25 April 1996 |
| Sponsor | L&T Finance Holdings Ltd. |
| Trustee | L&T Mutual Fund Trustee Ltd. |
| Name of Trustees | Mr. S. V. Haribhakti (Independent Director)Mr. V. Natarajan (Independent Director)Mr. Hemant Y. Joshi (Independent Director)Ms. Malini Thadani (Independent Director) |
| MD and CEO | Mr. Kailash Kulkarni |
| CIO | Mr. Soumendra Nath Lahiri |
| Investor Service Officer | Mr. Ankur Banthiya |
| Compliance Officer | Ms. Pushpavathi Kaundar |
| AUM | INR 71,587.10 crore (Dec-31-2019) |
L and T AMC Contact Details
| Auditors | M/s. Price Waterhouse / M/s. Sharp & Tannan |
| Custodians | Citibank N.A. |
| Registrars | Computer Age Management Services Private Limited (CAMS) |
| Address | 6th Floor, Brindavan, Plot No 177, CST Road, Kalina, Santacruz (E), Mumbai 400098 |
| Telephone No. | 022-66554000 |
| Fax No. | 022-66554070 |
| investor.line@lntmf.co.in | |
| Website | https://www.ltfs.com/ |
Frequently Asked Questions
How to invest in l&t mutual fund?
Investing in L&T mutual funds can be done offline by approaching the L&T mutual fund office. Online investing can be done directly on the L&T mutual fund website or any online portals that allow mutual fund investing. One can also purchase L&T mutual funds on NSE or BSE websites.
How to stop sip in l&t mutual fund?
A mutual fund SIP can be stopped online and offline. One can send a letter to the L&T mutual fund office or the CAMS asking to stop the SIP. They can also login to the L&T mutual fund online and stop the SIP. A mutual fund SIP can also be stopped through multiple online portals that they invested through. It takes around 30 days for the request to process.
How to withdraw l&t mutual fund?
Withdrawing/redeeming from L&T mutual funds can be done online and offline. Once the investment is redeemed, the account will be credited with the money within three days for equity funds, two days for debt funds, and one day for liquid funds.
How to increase the sip amount in l&t mutual fund?
Increasing the SIP amount can be done by stopping the existing SIP and starting a new SIP with the new amount. Or one can let the ongoing SIP continue and start a new SIP in the same fund with the additional amount. So there will be two SIPs in one fund. If one hasn’t started investing yet, they can always opt for a SIP top-up option. It lets investors top-up SIP with a certain amount or a certain percentage every year. This will boost SIP returns.
Is L&T Mutual Fund good?
L&T Mutual Fund, whose assets are managed by L&T Investment Management Limited, is the mutual fund wing of L&T financial services. L&T mutual fund emphasizes being on superior long-term risk-adjusted-performance. They believe in checks and balances at every stage. L&T has a proprietary investment process called the GEM to do the same. They are concentrating on generating ideas, evaluating them, and investing and continuously monitoring them. L&T Financial Services manages 119 lakh+ customer accounts, with a book size of INR 99,453 Cr, with 1600+ touchpoints. It operates more than 35+ funds with average assets under management of INR 71,587 Cr. The company has more than 25 years' experience in managing financial assets. There are many funds offered by the fund house, and investors have to find their best fit by aligning their objectives and risk profile to that of the funds.
Which L&T Mutual Fund is best?
L&T financial services have been in the market for more than 25 years now. It has grown through various market conditions. They offer a wide range of products and have curated portfolios based on investor needs. An investor has to find their best fit by aligning their objectives and risk profile with that of the fund's objectives and risk profile. Scripbox recommends L&T India Value Fund (G) in the value fund category and is one of the best performing L&T mutual funds.