Tag Archives: mutual funds

In this article, we will discuss direct vs growth mutual funds. We'll try to understand what they offer in terms of risk and return and their composition.  Growth mutual funds As the name suggests, growth mutual funds invest in stocks of companies that have the potential to grow rapidly, thereby outpacing the market.   The main aim for investment in a growth mutual fund is capital appreciation, for which investors do not receive any dividends because the earnings are used as reinvestments in the company.   With high returns, growth mutual funds also bring about asymmetric risks. So, growth mutual funds are more suited for investors with a high-risk appetite.   Investors with a conservative approach and those with less knowledge of the market should keep away from these investments.   Growth mutual funds are highly volatile. The value of the investment might fluctuate widely, especially during market corrections.  In terms of taxation, these funds are subject to a long-term capital gains tax of 10% on profits over 1 lakh rupees (for investments held for more than one year).   Investment in growth funds allows you the diversification of companies that can multiply your money in a shorter amount of time.  Direct mutual funds On the other hand, direct mutual funds were introduced by SEBI (Securities and Exchange Board of India) in January 2013.  The direct mutual fund plans aim to eliminate mediator involvement by channelizing your money into the fund. The absence of a mediator will add to your responsibilities as a buyer to do good research about your buying fund.   Because the transactions are done directly, the commission is absent, and as a result, the expense ratio for direct mutual funds is lower than the regular plans.   The lower expense ratio acts as a bonus for the investor, saving them the cost. However, people usually avoid direct mutual funds owing to a lack of research & awareness and end up paying a higher expense ratio (usually higher by 1 percent) and hurting their returns in the long run.  Source: Personalfn In the figure above, we assume that a fund generates 12% CAGR, then Rs. 1,00,000 lakh invested in a direct fund would amount to Rs. 3,47,855 after ten years and Rs. 3,23,073 in a regular fund we see a big difference of +7.7%. In the long term, the difference is non-ignorable.  Now, to say which one is better than the other is difficult. It depends on your willingness to spend time on what you do and your risk appetite. Use your due diligence to make your investment. Consult an expert advisor to get the right plan for you  TALK TO AN EXPERT

As an investor, you may have heard about three broad types of funds equity funds  hybrid funds  debt funds  In this article, we will be trying to put out a comparison between debt funds and hybrid funds. We will try to differentiate them based on risks-returns and tax assessment. Difference between Debt funds and Hybrid funds Debt fund A debt fund is a mutual fund, an exchange-traded fund (ETF), or any other pooled investment instrument that invests primarily in fixed-income assets. Debt funds have lower fees than equity funds due to lower management costs. Investors in debt funds can choose between passive and aggressive solutions. Credit funds and fixed-income funds are common names for debt funds. These funds are popular among investors looking to preserve their capital, along with the generation of low-risk income. Debt funds invest in a wide range of securities, each with its own set of risks. Companies with a steady outlook and high credit quality issue investment-grade debt. High-yield debt is usually issued by low-credit-quality businesses with good growth potential and has a larger risk-return profile.  Debt funds are appropriate for people with short to medium-term investment horizons, where “short-term” refers to 3 months to one year, and “medium-term” refers to a period of 3 to 5 years.  Hybrid funds A hybrid fund is a mutual fund scheme that invests in a mix of equity and debt instruments to create a balance between risk and returns of the instruments mentioned above.   The risk of investing in a hybrid fund is dependent on the allocation of funds between equity and debt.   Hybrid funds obtain their returns effectively in two parts:   From the risk-free debt instrument   The risky and high-delivering equity segment is volatile as well.  A comparative analysis of debt and hybrid funds  Comparison of the risk-return scale Without a second thought, hybrid funds are riskier than debt funds because of equity components.   The riskiest ones within hybrid funds are those with more than 65% of equity exposure; among debt funds, the fund with low credit quality and high growth prospects carry a riskier profile.  Returns are dependent on the risk you take so returns will vary depending upon your separate exposure to equity and debt, though debt funds are categorically safer than a hybrid.  Comparison of the funds on the taxation scale These funds are subject to taxation on capital gains and dividend distribution tax. Funds are categorized into equity (if equity exposure is >65%) and non-equity.  Equity funds are subject to STCG of 15% if held for less than one year and LTCG of 10% if held for more than a year. On the other hand, non-equity funds (debt funds and hybrid funds with <65% equity) are taxable according to your income-tax slab.   If held for less than three years, LTCG is payable at 15% with indexation benefit. Equity and non-equity funds attract Dividend distribution tax (DDT) of 10% and 25%, respectively.  So, while choosing the fund you wish to invest in, you have to account for your risk-return equation before deciding. Consult an expert advisor to get the right plan for you TALK TO AN EXPERT

Equity mutual funds are investment instruments that primarily invest in stocks of various companies across different sectors.   The aim of the fund manager is to maximize returns by allocating money among stocks with the help of screening criteria such as market capitalization or by investing in stocks of varying sectors.  Equity mutual funds are the riskiest category of mutual funds because of the high exposure (at least 65%, according to the rules laid down by the Security and Exchange Board of India) to equity markets.   However, this also leads to higher returns (on average) than other classes of mutual funds.  The risk involved in this investment arises from the general market conditions and the specific sectoral performance. A good option for investors looking to grow their capital over the long term, with considerable exposure to the stock market, is an Equity mutual fund.  Investment in these funds is possible through the SIP (Systematic Investment Plan) format and lump-sum format. Investors with different objectives and risk profiles have other options (among equity mutual funds) to invest in. Difference between Equity and Equity mutual funds  Direct investment into equity means purchasing stocks of listed companies directly through your Demat account.   In contrast, when you purchase an equity mutual fund, you are giving your money to the fund manager managing that fund to invest primarily in equity and some investment in other instruments to balance the fund.  While investing directly in equity, you have to decide which company to invest in and other related decisions. When you invest in equity funds, you choose to choose the fund, and the fund manager takes care of the further details, like the fund will constitute what companies' shares, in what ratio, etc.  Also, mutual funds offer diversification by giving us the option to make investments in diverse companies and sectors through an equity mutual fund, thereby exposing us to a more significant section of the market and possibly reducing our risk.   Investment in these funds is possible through the SIP (Systematic Investment Plan) and lump-sum formats. Investors with different objectives and risk profiles have other options (among equity mutual funds) to invest in. These are the main difference between direct equity and equity mutual funds investment source: freepik Different types of equity mutual funds 1. Categorization based on the market capitalization of companies Large-cap funds, Mid-cap funds, Small-cap funds, and Multi-cap funds.   Market capitalization tells us about the company's size; it is calculated as follows: Market Cap = Price of share * No. of shares outstanding  Companies having a market cap of more than Rs. 20,000 crores are known as large-cap companies. A mid-cap company has a market capitalization between Rs. 5,000 and Rs. 20,000 crores and small-cap companies have a market capitalization of less than Rs. 5,000 crores.  2) Sector funds These types of equity mutual funds invest the majority amount in particular sectors; that is, there is a concentration of investment into specific sectors in the economy, like FMCG, pharma, technology, PSUs (Public sector undertakings), etc.  3) Theme-based funds Theme-based equity mutual funds are pretty similar to sectoral funds because they invest in "themes" like ESG (Environmental, Social, Governance), Make in India, Digital India, and many other themes in the public and private sectors.  4) Focused funds Investments via these funds mean that more than 65% of investments are in equity only and related investments.  5) Contra funds Just as the name says, contra equity mutual funds follow contrarian investing methods – identifying potential market winners and investing in them.  6) Taxability-based categorization ELSS (Equity linked savings scheme) funds allow for deductions under section 80C of the Income Tax Act.  How do equity mutual funds work?  Equity mutual funds work simply. To state it in words, equity mutual funds invest more than 60-65% of their assets in stocks of different companies.  The fund manager tends to invest in names to maximize the overall return from the fund.  Are equity funds the same as mutual funds?  Equity funds are a type of mutual fund that primarily invests in equity shares of companies. FAQs Are equity mutual funds good? Equity mutual funds usually have a high potential to earn great returns among all mutual funds. However, with high returns, a high risk is also included. Hence, investors with a higher risk appetite are considered suitable for these funds. Which equity mutual fund is the best for me? Deciding the best equity mutual fund for oneself depends on a lot of factors that have been discussed above. However, here are some top options based on their annualized 5-year returns - PGIM India Midcap Opportunities Fund, Parag Parikh Flexi Cap Fund, Axis Midcap Fund, etc. Is equity mutual fund good as a long-term investment plan? Long-term investment plans bring wealth creation for investors. And that's where Equity Mutual Funds shine. Consult an expert advisor to get the right plan for you TALK TO AN EXPERT

The Dow Jones Industrial Average (DJIA) is possibly the most commonly followed financial market index globally. Yet, very few people know that it represents just 30 businesses.  The DJIA's Beginnings  The Dow Jones Industrial Average was set up on May 26, 1896. Charles H. Dow, one of the founders of Dow Jones & Company, came up with the Dow (formed in 1882).  The first Dow Jones index was constituted in 1884. There were 11 transportation-related stocks in the portfolio. The original index was called the Dow Jones Rail Average.   The Dow Jones Transportation Average was created in the 1970s to include air freight and other modes of transportation.  Dow soon discovered that industrial companies grew in value faster than railroads. He then created a new index by combining the stocks of 12 different companies.   It was dubbed the Dow Jones Industrial Average by Charles. Initially, it was the average of industrial firms in the cotton, sugar, tobacco, and gas industries. What is Dow Jones Industrial Average? The Dow Jones industrial average is a stock market index that tracks the Dow Jones Industrial Average (DJIA).  Dow Jones Industrial Average (DJIA), usually known as "the Dow Jones" or simply "the Dow," is one of the most well-known stock market indicators.   It tracks the daily stock market movements of 30 publicly traded firms in the United States, either on the NASDAQ or the New York Stock Exchange (NYSE). The 30 publicly-held corporations are among the economic leaders in the United States.  Additional read: What is ADTV? The Dow Jones Industrial Average components  There are no set criteria for a business's inclusion in DJIA's 30 company stocks. However, to be included in the DJIA, a corporation must make up a significant portion of its business in the US economy.   The corporation should also be registered on NASDAQ or NYSE and belong to the industrial sector's top players. CompanyStock Ticker SymbolIndustryLatest Addition to Index3MMMMConglomerate1976 / 08 / 09American ExpressAXPFinancial Services1982 / 08/ 30AppleAAPLTech2015 / 03 / 19BoeingBAAerospace1987 / 03 / 12CaterpillerCATConstruction1991 / 05 / 06ChevronCVXOil & Gas2008 / 02 / 19CiscoCSCOTech2009 / 06 / 08Coca-ColaKOFood and Beverages1987 / 03 / 12DisneyDISEntertainment1991 / 05 / 06DowDuPont IncDWDPChemical Industry2017 / 09 / 01Exxon MobilXOMOil & Gas1928 / 10 / 01Goldman SachsGSFinancial Services2013 / 09 / 20Home DepotHDRetail1999 / 11 / 01IBMIBMTech1976 / 06 / 29IntelINTCTech1999 / 11 / 01Johnson & JohnsonJNJPharmaceuticals1997 / 03 / 17JPMorgan ChaseJPMFinancial Services1991 / 05 / 06McDonald'sMCDFood1985 / 10 / 30Merck & CompanyMEKPharmaceuticals1979 / 06 / 29MicrosoftMSFTTech1999 / 11 / 01NikeNKEApparel2013 / 09 / 20PfizerPFEPharmaceuticals2004 / 04 / 08Procter & GamblePGConsumer Goods1932 / 05 / 26Travelers Companies IncTRVInsurance2009 / 06 / 08United TechnologiesUTXConglomerate1939 / 03 / 14UnitedHealthUNHManaged Health Care2012 / 09 / 24VerizonVZTelecom2004 / 04 / 08VisaVFinancial Services2013 / 09 / 20WalMartWMTRetail1997 / 03 / 17Walgreens Boots AllianceWBARetail2018 / 06 / 26 How are stocks weighed?  The DJIA is a price-weighted indicator – it means that businesses with more costly stocks are given more weight in the Dow. Market capitalization, the entire market value of all of a company's shares, is not factored into the DJIA's price weighting.   As a result, corporations with fewer pricey shares have a more significant impact on the Dow's value than companies with a large number of less expensive shares.  The Dow's strategy differs from other prominent indexes that measure the stock market's overall performance, such as the S&P 500 or the NASDAQ. When evaluating how much influence a firm will have in an index, these take its market capitalization into account.  What is the best way to invest in Dow Jones Industrial Average? The DJIA can be used as a proxy for the overall performance of the US economy because its constituents are among the most significant public corporations. Many investors prefer index funds modeled on the Dow Jones Industrial Average.   Finally, If you purchase a new stake in a DJIA index fund, you have exposure to all 30 Dow components in your portfolio giving you simple access to businesses with a demonstrated track record of profitability and sound business practices. FAQs What is meant by Dow Jones Industrial Average? Dow Jones Industrial Average (DJIA), usually known as "the Dow Jones" or simply "the Dow," is one of the most well-known stock market indicators.   It tracks the daily stock market movements of 30 publicly traded firms in the United States, either on the NASDAQ or the New York Stock Exchange (NYSE). Why is it called the Dow Jones Industrial Average? The Dow Jones Industrial Average was set up on May 26, 1896. Charles H. Dow, one of the founders of Dow Jones & Company, came up with the Dow. It is named after its founder. How are stocks weighed in Dow Jones Industrial Average?  The DJIA is a price-weighted indicator – it means that businesses with more costly stocks are given more weight in the Dow. Consult an expert advisor to find the right plan for you TALK TO AN EXPERT

When you are looking to invest in mutual funds, there is another detail that you need to consider. There are two options that are given to you by the mutual fund – The growth option and the dividend option. Consider an ABC fund that invests in Large-cap funds. When the fund earns profits (when funds’ holdings i.e., the stocks or bonds it has invested into have price appreciation, when those stocks distribute dividends, or when the selling of stocks or bonds provides returns) in the process, it can either distribute it to its investors or it can invest back these gains into the fund.  The growth option In this option, the profits are added back to the investment corpus of the fund (the number of units held remains constant). NAV = Funds Assets - Funds Liabilities / Total Number of Shares The NAV of the fund increases, as the fund's assets, increase with accumulated profits. For example: Consider the ABC fund with a NAV of Rs 100. After a year, if the fund has achieved a profit of 20 per share and if it has not distributed it to its investors, the NAV would be Rs 120. If you had 10 shares of this fund, on selling it after one year you would receive 120*10= Rs 1200. Your cost price was 100*10= Rs 1000. Hence, your gains would be 1200 – 1000 = Rs 200. The dividend option (Dividend payout option) In this option, the fund’s profits are not accumulated or reinvested into the fund. They are distributed to the investors. The gains are distributed either annually or quarterly, and only when the fund makes profits. The fund manager decides the frequency and the number of dividends. Once the dividend is paid out, the NAV of the fund decreases (it always does not decrease by the exact dividend amount as there are other factors that impact the NAV). The number of units held remains constant. For example: If the ABC fund has a NAV of Rs 30. If as an investor, you own 1000 shares of the same - if the fund declares a dividend of Rs 3, you would receive 3*1000 = Rs 3000 as a payout. The NAV of the fund would also decrease to NAV - Dividend. Rs 30 – 3 = Rs 27. Dividend reinvestment In this option, the dividends are declared, but the investors do not receive a cash payout. They are paid in “kind” or with the shares of the fund itself. Hence, as an investor, you would have more shares of the fund. For Example Dividend ReinvestmentRemarksNAV of fund20Initial StageNumber of units held100Dividend Declared2As declared by the Fund managerNAV after dividend Declaration18For the fundDividend Receivable (not paid out)200Investor's EntitlementAdditional Units of Funds that can be purchased with the Dividend                  11.11 Dividend Receivable/New NAVThe final number of units                111.11 Initial + Additional Which fund should you be investing in? There is no one-size-fits-all rule that we can follow. It depends on the investor and his or her requirements. If you would like to receive payments from the fund to fund your expenses, opting for a dividend payout plan would be ideal for you. However, if you are a long-term investor who wants to lock in the funds, and wait to reap the returns, you can opt for the Growth option where the profits are accumulated. In the long run, the Growth option provides a higher return than the dividend option and could be a faster way for wealth accumulation. You can find all the mutual fund options mentioned above on EduFund, a secure platform to invest in the biggest mutual funds in the country.  Things to Look forGrowth OptionDividend PayoutDividend ReinvestmentDividend DeclarationNoYesYesImpact on NAVIncreasesDecreasesDecreasesDividend in your hands (Bank account)NoYesNoUnits heldNo changeNo changeIncreases FAQs Which is better dividend or growth fund? Dividend option for mutual fund is good for investors looking for liquidity. While growth fund is for those who are focused primarily on growth and wish to stay invested for a while. Which option is good growth or IDCW in mutual fund? IDCW is a good option for investors looking for liquidity and growth is a good option for investors looking for wealth generation. How much MF dividend is tax free? If the dividend amount generated from mutual funds is less than Rs. 10 lakh, then investors do not have to pay taxes. If the amount exceeds this limit, the investor has to pay 10% of the total earnings as tax during a particular year. What is disadvantage of growth fund? The biggest disadvantage of growth fund is that they are highly volatile and may fall dramatically. Consult an expert advisor to get the right plan TALK TO AN EXPERT DisclaimerNAVs in the article are only indicative and not exact measures. They are only for representation of the direction of adjustments.

Headquartered in Seoul, South Korea, Mirae Asset Financial Group is one of the key players in the Asian financial market. Its asset management wing, Mirae Asset Global Investments, began its operation in 1997 and has expanded its business globally in a relatively brief period. Mirae Asset Global Investments is a diversified asset manager providing innovative solutions worldwide to help investors achieve their goals in a transforming world. Originating in the backdrop of the Asian currency crisis, Mirae Asset began cautiously, and they focused more on the Korean market initially. Founded by the visionary Hyeon Joo Park, Mirae Asset became the first AMC to present mutual funds to retail investors in 1998.  After consolidating its presence in the South Korean market, Mirae Asset quickly moved to capture the global market. They first established their corporate office in Hong Kong in 2003.  In 2005, they launched the first overseas investment in South Korea, the Mirae Asset Retirement Pension Fund. Two years later, they started their business in India and the UK. The following year they expanded to the USA and Brazil while winning accolades for being the largest investor in the emerging Asian markets. Comparatively, in a short time, they have reached several landmarks.  The Indian wing of the AMC, Mirae Asset Global Investments (India) Ltd, was launched in November 2007, becoming only their second overseas branch after Hong Kong. Though Mirae Asset has been present in the Indian market since 2004, as a foreign institutional investor, they began the domestic business only in 2008. Their growth is based on solid principles and philosophies. They consider open communication with their clients has been helping them stay ahead of the competition while ensuring that they keep the faith granted to them safe. They take responsibility for the client’s future as the core of their values, and this influences the dealings that help them hold on to the client’s trust. At Mirae, investment and growth go hand in hand, which is why they continue to innovate, and envision building a healthier and happier society. Mirae Asset Global Investments, as a global asset manager, has been delivering innovative investment solutions. Mirae Asset Global Investments was founded in Asia and now has a presence in 15 countries, where they take a collaborative approach to managing a fully diversified investment platform. They have 40-plus offices worldwide, and it is the 18th largest Global ETF Manager by AUM. They have clients in 36 countries, and 1,717 products are distributed globally. Since its first fund launch in 1998, they have diversified its lineup by building its global investment network and capabilities. The fund house has 554 USD billion (As of December 31, 2020) total Asset Under Management (AUM). Mirae believes in sustainable investing, which is an investment discipline that aims at considering environmental, social and corporate governance (ESG) criteria to generate a long-term competitive financial return and positive societal impact. The umbrella of sustainable investing covers socially responsible investing, impact investing and ESG Investing.  Powered by a unique perspective and the expertise of their global investment professionals, they adapt to their client's changing needs and deliver fresh solutions across asset classes, providing investors with insightful ways to create portfolios and achieve their investment objectives. They currently invest over $554bn (AUM as of December 31, 2020) on behalf of clients, and this provides them with the scale and expertise to identify opportunities in an evolving world. Mirae Asset global investment in India Mirae Asset India started its journey in India with the establishment of an Asset Management business with a seed capital of USD 50 Mn. It is now recognised as one of the fastest-growing AMCs in India, actively managing/advising on USD 9,269 AUM for its clients (December 31, 2020).  Mirae Asset Global Investments (India) Private Limited (MAGI India) has transferred its asset management business to its wholly-owned subsidiary, Mirae Asset Investment Managers (India) Private Limited (Mirae AMC), as part of an internal restructuring of its business with effect from January 1, 2020.  Accordingly, MAGI India ceased to act as the Asset Management Company (AMC) of Mirae Asset Mutual Fund (MAMF), and Mirae AMC is the AMC of MAMF effective January 1, 2020. Mirae Asset in India has over 21 branches, and the Asset under Management is INR 70,900 Cr with 32 lakh portfolios and a monthly SIP Book of INR574 Cr as of 28th February 2021. Currently, Mirae Asset Mutual Fund is managing 24 Domestic Funds and Advisory of 3 Offshore Funds (11 Equity, 8 Debt, 2 Hybrid, 3 ETF) Mirae Asset Capital Markets (India) Pvt Ltd. with USD 300 Mn seed capital, was established in 2018. Mirae Asset Venture Capital has invested USD 104 Mn in growing Indian start-ups. They have invested USD 41Mn Dedicated Fund in Alternate Investment Fund. Mirae AMC offers 9 Equity funds across diverse market caps and themes in India.  They include Mirae Asset Banking & Financial Services Fund, Mirae Asset Arbitrage Fund, Mirae Asset Midcap Fund, Mirae Asset Focused Fun, Mirae Asset Healthcare Fund, Mirae Asset Tax Saver Fund (ELSS), Mirae Asset Great Consumer Fund, Mirae Asset  Emerging Bluechip Fund, and Mirae Asset Large Cap Fund.  Equity funds endeavour to provide the potential for high growth and returns. They are best suited for investors with a long-term investment horizon. The fund house offers 8 debt funds in India with an AUM of INR 5,602 Cr (as of December 2020). Their debt funds include  Mirae Asset Ultra-short duration fund, Mirae Asset Banking and PSU Debt Fund, Mirae Asset Overnight fund, Mirae Asset Fixed Maturity Plan Series III, Mirae Asset Short Term Fund, Mirae Asset Dynamic Bond Fund and Mirae Asset Savings Fund.  Fixed Income or Debt Funds endeavour to provide the potential for stable and regular returns. They are best suited for investors with a short to the medium-term investment horizon. The fund house offers 2 hybrid funds and 2 FoFs in India with a total AUM of INR 4,273 Cr (as of Dec 2020). The funds include the Mirae Asset ESG Leader Fund Fund, Mirae Asset Equity allocator Fund, Mirae Asset Equity Savings Fund, and Mirae Asset Hybrid Equity Fund.  Hybrid funds invest across two or more asset classes (usually a mix of stocks and bonds). These funds aspire to strike a balance between risk and returns by aiming to generate income in the short run and achieve wealth appreciation in the long run. The fund house has made global ETF footprints in 9 countries with 391 ETFs and an AUM of 54 billion US dollars (Dec 2020.). Based on their deep understanding of the ETF market and global stance, they have been focusing on growing the India ETF market. In India, their ETF has an AUM of INR 469 Cr as of Dec 2020. An Exchange Traded Fund (ETF) is a fund that trades on an exchange, just like a stock and replicates the portfolio and performance of a publically available index. ETFs, offer low-expense investment solutions. Private Equity: Based on their strong inbound deal inflow, the Indian startup ecosystem took strong notice of Mirae Asset, a significant player in VC investments. They have a total of 149 USD million as of Dec 2020.  The latest news is that around six mutual fund houses are seeking SEBI’s permission to offer nine international schemes, and Mirae Asset Mutual Fund is one among them. Mirae Asset Mutual Fund plans to launch:  Mirae Asset Global NextGen Tech Fund of Fund: An open-ended fund of fund scheme predominantly investing in equity exchange-traded funds listed in the US.Benchmark: NASDAQ 100 Total Return Index Mirae Asset US FANG Plus ETF: An open-ended scheme replicating/tracking NYSE FANG+ Total Return Index. Benchmark: NYSE FANG+ Total Return Index For many, it makes sense to invest in stocks of a country where they may be looking at emigrating or sending their child for further studies. Such investments will help cover them from currency fluctuations. It also offers diversification, which is suited for large portfolios. Most advisors also suggest that investors should stick to developed markets like the US for geographic diversification unless the investor had an advisor to guide them. (source: livemint.com) Important information about Mirae Asset Mutual Fund Name of the AMCMirae Asset Investment Managers (India) Private LimitedIncorporation Date30 November 2007SponsorsMirae Asset Global Investments Co. LtdTrusteeMirae Asset Trustee Company Pvt. Ltd.Trustees' NameDr Manoj Vaish- Independent Director Dr Barendra Kumar Bhoi -Independent Director CA.Uttam Prakash Agarwal- Independent Director Mr K Ramasubramanian -Independent Director (Associate)MD/CEOMr Swarup Anand MohantyCIOMr Mahendra Kumar JajooCompliance OfficerMr Ritesh PatelInvestor Service OfficerMr Neelesh SuranaRegistrar and Transfer agentKFIN Technologies Private Limited Unit: Mirae Asset Investment Managers (India) Private Limited (ISIN INF769K01CP4) Karvy Plaza, H. No. 8-2-596, Avenue 4, Street No. 1, Banjara Hills, Hyderabad - 500 034 Andhra Pradesh Phone:(040) 23312454/ 23320751/ 23320752 Fax   (040) 23311968 Email: customercare@karvy.com E-mail: MIRAEMF.customercare@kfintech.comToll-free Number 1800-2090-777Email Addresscustomercare@miraeasset.comRegistered AddressMirae Asset Investment Managers (India) Private Limited. Unit No. 606, 6th Floor, Windsor Bldg, Off CST Road, Kalina,  Santacruz (East), Mumbai - 400 098. Email: customercare@miraeasset.co.in Website: www.miraeassetmf.co.in Ph: 91 - 022 - 6780 0300 Ten top-performing Mirae Asset Mutual fund schemes Mirae Asset Hybrid - Equity Fund (Category Hybrid: Aggressive) Mirae Asset Cash Management Fund (Category - Debt: Liquid) Mirae Asset Emerging Bluechip Fund (Category - Equity: Large & Midcap) Mirae Asset Tax Saver Fund (Category - Equity: ELSS) Mirae Asset Large Cap Fund (Category - Equity: Large Cap) Mirae Asset Great Consumer Fund (Category - Equity: Sectoral/Thematic) Mirae Asset Dynamic Bond Fund (Category - Debt: Dynamic) Mirae Asset Equity Savings Fund (Category - Hybrid: Equity Savings) Mirae Asset Focused Fund (Category – Equity: Multicap) Mirae Asset Short Term Fund (Category - Debt: Short Term) 1. Mirae Asset Hybrid - Equity Fund (Category Hybrid: Aggressive) This is an open-ended hybrid scheme investing predominantly in equity and equity-related instruments. The recommended investment horizon for this fund is 3+ years. The investment is done in a portfolio mix of equity and fixed-income instruments. This scheme is suitable for those looking for wealth creation. Key information Minimum InvestmentINR 5000    Minimum Additional Investment INR 1000Minimum SIP InvestmentINR 1000Entry LoadNil Exit LoadIf redeemed within 1 year (365 days) from the date of allotment: 1%. If redeemed after 1 year (365 days) from the date of allotment: NILReturn Since Inception15.49 % (Growth) (Date of Inception: 29th July 2015).NAVINR  18.504  (April 22, 2021) (Regular Growth) INR 20.372 (April 22, 2021)  (Direct-Growth)AUMINR 4,829 Cr (As on March 31, 2021) 2. Mirae Asset Cash Management Fund (Category - Debt: Liquid) This is an open-ended liquid scheme that invests predominantly in the money market and debt instruments. This fund provides minimal interest rate risk and looks to maintain high portfolio liquidity. The scheme looks to give stable returns with minimal mark to market and credit risk. Investors can invest from one day to six months in this scheme and the fund is predominantly in the money market and debt instruments. This is ideal for investors who want to invest for a very short term and are looking for an alternative to bank accounts/deposits. Key information Minimum InvestmentINR 5000    Minimum Additional Investment INR 1000Minimum SIP InvestmentINR 5000Entry LoadNil Exit LoadExit load of 0.0070% if redeemed within 1 day; 0.0065% if redeemed within 2 days; 0.0060% if redeemed within 3 days; 0.0055% if redeemed within 4 days; 0.0050% if redeemed within 5 days; 0.0045% if redeemed within 6 days.Return Since Inception15.49 % (Growth) (Date of Inception: 12th January 2009).NAVINR  2,147.9966 (April 22, 2021) (Regular Growth) INR 2,175.7905 (April 22, 2021)  (Direct-Growth)AUMINR 3,462 Cr (As on March 31, 2021) 3. Mirae Asset Emerging Bluechip Fund (Category - Equity: Large & Midcap) This is an open-ended equity scheme investing in both large-cap and mid-cap stocks. Investors who are looking to invest for over 3 years and looking for high returns can invest in this fund. Investors should also be ready for the possibility of moderate losses in their investments. The fund invests at least 35% in large-cap stocks and at least 35% in midcap stocks to provide long-term capital appreciation. This fund is suitable for those looking for wealth creation.  Key information Minimum InvestmentINR 5000    Minimum Additional Investment INR 1000Minimum SIP InvestmentINR 5000Entry LoadNil Exit Load1% for redemption within 365 daysReturn Since Inception    20.87% (Regular) (Date of Inception: 9th July 2010). 23.89% (Direct) (Date of Inception:01-Jan-2013)NAVINR  77.374 (April 22, 2021) (Regular Growth) INR 83.586 (April 22, 2021)  (Direct-Growth)AUMINR 16,190 Cr (As on March 31, 2021) 4. Mirae Asset Tax Saver Fund (Category - Equity: ELSS) This is an open-ended equity-linked saving scheme with a statutory lock-in of 3 years and tax benefit. Investors who are looking to invest for over 3 years can opt for this fund. The scheme invests predominantly in equity and equity-related instruments with a 3-year lock-in providing tax benefit and growth of capital. This fund is suitable for those investors looking for wealth creation and tax savings. Key information Minimum InvestmentINR 5000    Minimum Additional Investment INR 500Minimum SIP InvestmentINR 500Entry LoadNil Exit Load1% for redemption within 365 daysIf redeemed after 1 year (365 days) from the date of allotment: NILReturn Since Inception    21.8 (Direct) (Date of Inception: 28th December 2015)NAVINR  24.97 (April 23, 2021) (Regular Growth) INR 26.978 (April 23, 2021)  (Direct Growth)AUMINR 6934 Cr (As on March 31, 2021) 5. Mirae Asset Large Cap Fund (Category - Equity: Large Cap) This is an open-ended equity scheme predominantly investing across large-cap stocks. Investors who are looking to invest for over 3 years can opt for this fund. The scheme invests predominantly in large-cap stocks (top 100 companies by market capitalization). This fund is suitable for those who are looking to invest money for at least 3 plus years and looking for high returns. Key information Minimum InvestmentINR 5000    Minimum Additional Investment INR 1000Minimum SIP InvestmentINR 1000Entry LoadNil Exit Load1% for redemption within 365 daysIf redeemed after 1 year (365 days) from the date of allotment: NILReturn Since Inception  15.27% ( Regular-Growth) (Date of Inception: 4th April 2008)NAVINR  63.979 (April 23, 2021) (Regular Growth) INR 69.091 (April 23, 2021)  (Direct Growth)AUMINR 23762.37 Cr (As on Feb 28, 2021) 6. Mirae Asset Great Consumer Fund (Category - Equity: Sectoral/Thematic) This is an open-ended equity scheme following the consumption theme. Investors who are looking to invest for over 5 years can opt for this fund. The fund invests in companies benefiting directly or indirectly from consumption-led demand. Investors who have advanced knowledge of macro trends and prefer to take selective bets for higher returns compared to other Equity funds are keen to invest in this type of fund. This is a suitable investment for wealth creation. Key information Minimum InvestmentINR 5000    Minimum Additional Investment INR 1000Minimum SIP InvestmentINR 1000Entry LoadNil Exit Load1% for redemption within 365 daysIf redeemed after 1 year (365 days) from the date of allotment: NILReturn Since Inception  15.79% ( Regular-Growth) (Date of Inception: 29th March 2011)NAVINR  43.811 (April 23, 2021) (Regular Growth) INR 49.007 (April 23, 2021)  (Direct Growth)AUMINR 1,174Cr (As on March 31, 2021) 7. Mirae Asset Dynamic Bond Fund (Category - Debt: Dynamic) This is an open-ended dynamic debt scheme investing across duration. Investors who want to invest money for 3 or more years and a longer duration can select this. This scheme is considered less risky compared to equity funds. The fund invests across money market instruments and debt securities including government bonds.  Key information Minimum InvestmentINR 5000    Minimum Additional Investment INR 1000Minimum SIP InvestmentINR 1000Entry LoadNil Exit Load1% for redemption within 365 daysIf redeemed after 1 year (365 days) from the date of allotment: NILReturn Since Inception  7.06% ( Regular-Growth) (Date of Inception: 24th March, 2017)NAVINR 13.2162 (April 23, 2021) (Regular Growth) INR 13.9008 (April 23, 2021)  (Direct-Growth)AUMINR 148Cr (As on March 31, 2021) 8. Mirae Asset Equity Savings Fund (Category - Hybrid: Equity Savings) This is an open-ended scheme investing in equity, arbitrage and debt. Investors who want to invest money for 1 to 3 years can choose this scheme. The fund invests in a mix of equity, arbitrage and debt instruments and is suitable for income generation.  Key information Minimum InvestmentINR 5000    Minimum Additional Investment INR 1000Minimum SIP InvestmentINR 1000Entry LoadNil Exit Load1% for redemption within 365 daysIf redeemed after 1 year (365 days) from the date of allotment: NILReturn Since Inception12.04% ( Regular-Growth) (Date of Inception: 18th December 2018) 13.29% ( Direct-Growth) (Date of Inception: 18th December 2018)NAVINR 13.06 (April 23, 2021) (Regular Growth) INR 13.405 (April 23, 2021)  (Direct-Growth)AUMINR 206 Cr (As on March 31, 2021) 9. Mirae Asset Focused Fund (Category – Equity: Multicap) This is an open-ended equity scheme investing in a maximum of 30 stocks intending to focus on large-cap, mid-cap and small-cap categories (i.e., multi-cap). Investors who have advanced knowledge of macro trends and look for higher returns compared to other equity funds, often choose this. The investment horizon is 5+ years and the fund invests across market caps- large-cap, mid-cap and small-cap and across sectors and themes (maximum 30 stocks). This fund is suitable for wealth creation. Key Information Minimum InvestmentINR 5000    Minimum Additional Investment INR 1000Minimum SIP InvestmentINR 1000Entry LoadNil Exit Load1% for redemption within 365 daysIf redeemed after 1 year (365 days) from the date of allotment: NILReturn Since Inception25.01% ( Regular-Growth) (Date of Inception: 15-May-2019) 27.07% ( Direct-Growth) (Date of Inception: 15-May-2019)NAVINR 15.427 (April 23, 2021) (Regular Growth) INR 15.925 (April 23, 2021)  (Direct-Growth)AUMINR 5,472  Cr (As on March 31, 2021) 10. Mirae Asset Short-Term Fund (Category - Debt: Short Term) This is 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. Investors who want to invest for 1-3 years and are looking for an alternative to bank deposits can choose this fund. The recommended investment horizon is 1-3 years and the fund invests in debt instruments and money market instruments with a short maturity. This investment is suitable for income generation. Key information Minimum InvestmentINR 5000    Minimum Additional Investment INR 1000Minimum SIP InvestmentINR 1000Entry LoadNil Exit Load1% for redemption within 365 daysIf redeemed after 1 year (365 days) from the date of allotment: NILReturn Since Inception7.33% ( Regular-Growth) (Date of Inception: 16th March 2018) 8.17% ( Direct-Growth) (Date of Inception: 16th March, 2018)NAVINR 12.4572 (April 23, 2021) (Regular Growth) INR 12.7623 (April 23, 2021)  (Direct-Growth)AUMINR 785 Cr (As on March 31, 2021) How can you invest in Mirae Asset Mutual Fund via EduFund? Investing in Mirae Asset Mutual Fund via Edufund is a simple, four-step process.  Step 1 - Download the EduFund App from Google Play Store or Apple App Store and create an online account. Step 2 - Select a Scheme - Browse a wide range of Mirae Asset Mutual Fund schemes and choose the right scheme suiting your financial goals. You may invest in a Systematic Investment Plan (SIP) or a lump sum. The inbuilt recommendation engine suggests the best scheme for your financial objectives. Step 3 - View and Track Your Transaction(s) - The amount you have invested will reflect in your EduFund account within four working days. You can track the Mirae Asset Mutual Fund NAV, account balance, statement, and other information in the app. Alternatively, you can purchase, redeem, or switch Mirae Asset Mutual Fund units. Step 4 - Speak with a Mutual Fund Counsellor - You can connect with a mutual fund consultant to share your goals and get personalised advice.  EduFund uses top-class authentication and encryption technologies to ensure bank-like secured transactions and safeguard your investments.   7 best performing fund managers at Mirae Asset Mutual Fund It is the fund managers who play a prominent role in driving value and generating growth for the investors' money. The following are the seven best-performing fund managers in Mirae AMC whose funds have consistently churned out the best returns.  1. Mr Neelesh Surana - Chief Investment Officer Mr Neelesh brings with him about 24 years of professional experience in financial services, including fund management. He supervises and manages Equity schemes. Prior to this assignment, Neelesh was associated with ASK Investment Managers Pvt Ltd as a Senior Portfolio Manager, where he was managing domestic and offshore portfolios. He manages an AUM of INR 22,136 Cr and 5 schemes 2. Mr Gaurav Misra- Sr Fund Manager-Equity Mr Gaurav Misra has over 23 years of experience in investment management and equity research functions. Prior to this role, he worked as Senior Portfolio Manager with ASK Investment Managers Limited. He has an AUM of INR 28,532 and handles 6 schemes. 3. Mr Harshad Borawake- Head of research and Associate fund manager Mr Borawake's professional experience spans more than 14 years, and his primary responsibility includes Investment Analysis & Research. Prior to this assignment, he was associated with Motilal Oswal Securities as Vice President (Research). He has also been associated with Capmetrics & Risk Solutions as Research Analyst - Equity. His AUM is INR 28,739 Cr, and he manages 9 schemes. 4. Mr Ankit Jain- Fund Manager Mr Jain's professional experience comprises more than 7 years, and his primary responsibility includes Investment Analysis & Fund Management. He has been associated with the AMC as a Research Analyst since September 7, 2015. He was previously associated with Equirus Securities Pvt Ltd and Infosys Ltd. An AUM of INR 20,904 is under him and handles 9 schemes. 5. Mr Vrijesh Kasera - Fund Manager Mr Kasera brings with him professional experience covering more than 10 years. His primary responsibility includes Investment Analysis & Research. Prior to this assignment, he was associated with Axis Capital Ltd., as an Equity Research Analyst. He has also been associated with Edelweiss Broking Ltd. He has an AUM of INR 6,117 and handles 6 schemes. 6. Ms Bharti Sawant - Fund Manager Ms Sawant is an M.S. in Finance (ICFAI Hyderabad), CFA and B.Com. Prior to joining Mirae AMC in September 2013, she was associated with Sushil Finance Securities Pvt. Ltd., Latin Manharlal Securities Pvt. Ltd., and Kabu Shares and Stocking Pvt. Ltd. for Financial Analysis and Research. She manages an AUM of INR 278 Cr and handles 3 schemes. 7. Mr Gaurav Kochar - Fund Manager Mr Kochar has over 6 years of experience as a Research Analyst and Internal Auditor. Before this assignment, Mr Kochar was associated with Ambit Capital and Kotak Mahindra Bank. Why invest in Mirae Asset Mutual Fund?  Mirae Asset Mutual Fund is one of the fastest-growing asset management companies in India. The fund house aims to provide innovative investment solutions to its investors to help achieve their long-term objectives. Powered by unwavering philosophies and global expertise, Mirae Asset Mutual Fund offers advanced and original solutions across asset classes. Whatever a client’s investment needs are, Mirae Asset Mutual Fund has a fund for the investor. Clients can choose long-term or short-term from various equity-oriented or debt-oriented funds. They have a mutual fund to suit every investor's needs. Mirae Asset Mutual Fund offers a diverse range of schemes across various segments like equity funds, debt funds, balanced funds, equity-linked savings schemes (ELSS), etc., to cater to every investor's needs. In the Equity space, they have built our expertise in fundamental bottom-up analysis over the years to identify companies with sustainable competitiveness in their respective markets. This process is differentiated and further enhanced by having on-the-ground research and investment teams in key markets globally. Their unique approach to fixed income offers a wide array of products on a country, regional and global level. Their broad product base not only leverages their on-the-ground teams of fixed-income PMs and analysts but their internally developed IT platform. Their suite employs various solutions, including proprietary quantitative strategies. The fund house aims to maximise long-term growth through income and capital appreciation by investing in income-producing securities. Select EduFund for investing in Mirae Asset Mutual Fund EduFund makes the process of investing in Mirae Asset Mutual Fund convenient. EduFund's experienced consultants give you customised solutions for all your financial goals. You can start investing from a lowly INR 5,000 and grow your capital comfortably. With EduFund, you get the following benefits -  Customised Research-Based Financial Plan -  EduFund's scientific fund tracker screens over 1 lakh data points and 400 financial scenarios to recommend you the best mutual funds.  Customer-Friendly Counsellors Help You Create a Financial Plan - EduFund's counsellors are trained to handle all kinds of queries from customers. They spend as much time with you as you need and resolve all your issues to help you create a robust financial plan. Invest Less, Earn More - Not only the best Indian mutual funds, but EduFund also offers you the facility to invest in US Dollar ETFs and international mutual funds. Use Free Tools - EduFund offers various free tools for its customers, including College Savings Calculator, SIP calculator, etc.  No Technical Expertise Required - You do not need to be an expert in finance to understand which mutual fund is the best for you. EduFund does it for you. Value-Added Benefits - You may get value-added benefits like no commission, free advisory, and nil-hidden charges. Secure Transactions - EduFund is RIA-registered and uses top-class 128-SSL security to enable safe transactions. Special Support for Children's Education - EduFund has a dedicated team of experts who help you fulfil your children's educational goals. FAQs Which is the best Mirae Asset mutual fund? Top-rated Mirae Asset mutual fund: Mirae Asset Hybrid – Equity Fund (Category Hybrid: Aggressive) Mirae Asset Cash Management Fund (Category – Debt: Liquid) Mirae Asset Emerging Bluechip Fund (Category – Equity: Large & Midcap) Mirae Asset Tax Saver Fund (Category – Equity: ELSS) Mirae Asset Large Cap Fund (Category – Equity: Large Cap)  Is Mirae Asset a good investment?   Mirae Asset Global Investments is a diversified asset manager providing innovative solutions worldwide to help investors achieve their goals in a transforming world. They have 40-plus offices worldwide, and it is the 18th largest Global ETF Manager by AUM. They have clients in 36 countries, and 1,717 products are distributed globally.    Mirae Asset Mutual Fund offers a diverse range of schemes across various segments like equity funds, debt funds, balanced funds, equity-linked savings schemes (ELSS), etc., to cater to every investor’s needs. Talk to a financial expert before making any investment decisions. Is Mirae Asset a Chinese company?   Headquartered in Seoul, South Korea, Mirae Asset Financial Group is one of the key players in the Asian financial market. Its asset management wing, Mirae Asset Global Investments, began its operation in 1997 and has expanded its business globally in a relatively brief period.   Originating in the backdrop of the Asian currency crisis, Mirae Asset began cautiously, and they focused more on the Korean market initially. Founded by the visionary Hyeon Joo Park, Mirae Asset became the first AMC to present mutual funds to retail investors in 1998.   Who is the owner of Mirae Asset?   Hyeon Joo Park founded the company. Originating in the backdrop of the Asian currency crisis, Mirae Asset began cautiously, and they focused more on the Korean market initially. Mirae Asset became the first AMC to present mutual funds to retail investors in 1998. 

Why do we invest in mutual funds? The fairly obvious answer would be to earn returns on our investment and to have enough corpus for our future goals. We need tangible numbers on our screens which give us a good night’s sleep that we have invested in the right fund. However, there are multiple measures for the returns earned by the mutual fund, and we see multiple percentage numbers flashing on our screens. These measures are explained with examples in the following paragraphs - 1. Absolute Returns This represents the growth of your investment in absolute terms without considering the time period. For example, if you had invested Rs 10,000 in a mutual fund and it grows to Rs 15,000, the gain earned would be Rs 5000. Absolute returns would be Rs 5000/Rs 10,000 = 50%. Even if your investments grew to Rs 15,000 in 10 years the absolute returns would still be 50%. 2. Annualised Returns (also known as CAGR) This measures the increment in the value of your investment on a yearly basis. The effect of compounding is included in this return (Compounding in simple terms is earning returns on the profits earned from your investment). For example, if the initial investment is Rs 10,000 and the value of the investment after 5 years is Rs 15000, then the annualised returns would be 8.4% and if the time period was 3 years, the returns would be 14.5%. This measure takes the time period into consideration and gives a measure of y-o-y returns on your investment in the fund. 3. Annual Returns This is computed by considering the return earned by the scheme from January 1st (first day of business) to December 31st (Last business working day). If the NAV of a fund was Rs 100 on January 1st and the NAV on December 31st was 120, the gain would be Rs 20 and the annual return would be 20%. This is the most simplistic measure which is used for communication to the investor. Market conditions play a significant role in the returns earned by mutual funds. Hence, it is advisable to compare annual returns across time periods with respect to category average or the benchmark as declared by the fund. 4. Point to Point Returns This measures the annualised returns between two points in a given time period. For example, you would want to look at the performance of a fund in the pre-Covid years i.e., 2017-2019, one would consider the point-to-point return to compute the same. The NAVs at the start and end dates are required to compute these returns. 5. Total Returns Initial ValuesNAV Initial50Initial Investment10000Units Purchased = Investment/NAV200After 1 yearNAV 52Value of investment = Units * NAV10400Capital Gains400Assuming Dividend is declared by the fund in this 1 yearDividend Declared/ unit2Dividend earned (Units * Dividend/Unit)400Total Returns800Total Return % (Total Return/Initial Investment)8% Total return includes the returns earned from capital gains and dividends and is expressed as a percentage of the initial amount invested. Consider that you had invested Rs 10,000 into a fund whose NAV was Rs 50. Total Returns % = Capital Gains + Dividend earned / Initial Investment Here, the total return earned would be 8%. 6. Trailing Returns It is the annualised return of the period that ends on the date of calculation (or today or latest NAV). Trailing returns of 1, 3, 5 or 10 years (etc) can be calculated. For example, a 1-year trailing return from today (27th Feb 2020) would be calculated by taking the latest NAV and the NAV of the fund 1 year ago. This measure is used by most of the mutual funds and pages which analyse the past performance of the funds.  Initial NAV (27th Feb 2018)40Final NAV (27th Feb 2021)70Years3Returns 20.5% For example, if the NAV of a fund today is Rs 70 and the NAV of the fund 3 years ago was Rs 40, the trailing 3-year return would be 20.5%. Returns = [Final NAV / Initial NAV] (1/Years) - 1 As an investor, this measure aids in screening the fund's performance and analysing the consistency of the fund manager in providing the returns to their pool of investors. However, one should note that these returns could offer a biased perspective as they are based on relative market conditions – current vs past conditions. Hence, an investor should consider 3,5 and 10 years to understand the consistency in earnings and the fund's ability to sail over market tides. In bull markets, where there is high optimism in the market, the trailing returns are high, as the Final NAV would be soaring high, whereas, in the bear markets, these returns would be on the low. 7. Rolling Returns These are annualised returns (CAGR) but are computed using overlapping periods. They give the measure of the growth of an n-year return over a period of m years.  For example, if you would like to invest in an equity mutual fund for 5 years, you would look at the data in 5-year blocks and compute the 5-year return over a 10-year period (say). As shown in the table below, we have considered a period from 2005-2020 to calculate the 5-year rolling returns (n=5, m=20). Aligning with our objective, to calculate the return of 2010, we consider the NAV that was 5-years ago which is 2005. The exercise is performed for all the years to obtain the range of returns that the fund has given to the investors. One can also calculate the Rolling Return Average, by calculating the average of all the returns computed in the previous step = 7.4% (in this example). Yearly DataNAV5years agoNAVReturns (CAGR)01-01-201010001-01-2005785.1%01-01-201110301-01-2006805.2%01-01-201211001-01-2007874.8%01-01-201312001-01-2008905.9%01-01-201415001-01-2009959.6%01-01-201516101-01-201010010.0%01-01-201617201-01-201110310.8%01-01-201719001-01-201211011.6%01-01-201819801-01-201312010.5%01-01-201921001-01-20141507.0%01-01-202020001-01-20151614.4%01-01-202120801-01-20161723.9% The rolling returns give a perspective of the maximum and minimum ranges of returns that the fund has offered over a period of time, instead of only the point-point or annual returns, which could become biased measures based on the market conditions. These can be calculated on a daily/weekly/monthly basis till the latest NAV for a fixed period of time. It gives a more accurate picture of the fund’s performance in various market conditions, eliminating the bias that could be associated with calculating the return at a fixed point in time.  8. SIP Returns All the above measures are suitable for lumpsum investing where one considers the returns between two points. However, in the case of SIPs, there is a systematic flow of amounts into the fund at different points in time. This return can be calculated using the Internal Rate of Return (IRR), which is a financial metric used to compute the return of a series of cash inflows and outflows. Conclusion The measures for calculating returns have been highlighted above which are to be used in conjunction with the objective to obtain the accurate measurement of the performance. You could get started with your investment journey by analysing funds on the EduFund app or this website.

Parenting is a responsibility, and there are no two ways about it. The education and experiences of your child are primary to the kind of person your child becomes. Their success, wisdom, and understanding of the world are dependent on education. It begins with their schooling and continues to rely heavily on higher education and beyond. When something is this crucial to the well-being of your child, you ought to plan and plan early.  Education planning necessities  An education plan for your child has two essentials. One is the decision-making process that involves choosing the right school, college, and university, and the second is the financial aspect to fund the desired degrees. The decisions your child takes (with your consult) about studying at a particular university are driven by research and counseling - and they’re mostly left to the last couple of years before university.  The finances, however, require wise long-term investments and insight. To realize this undertaking, we have to first calculate the many expenses of higher education and the eventual corpus you would need to fund your child’s dreams.  Calculate costs better with helpful tools Calculating the cost of college education ten to fifteen years in the future might feel burdensome, so it is better to use tools like the education cost calculator on the EduFund app. The smart calculator accounts for education inflation - the increase in tuition and living expenses year on year.  Accounting for education inflation Education inflation can be understood with a simple example. An MBA from a reputed institution in India like IIM Bangalore cost around 10 lacs in 2010, and now the same exact degree costs about 23 lacs in 2021. The education inflation in the last decade in India was more than double the general inflation. Education inflation across the world has been similar and is currently on the rise.  On the EduFund app, you just have to enter the details of your child, possible universities they’d want to go to and the year they’d begin university. The calculator will give you an accurate estimate of the amount you would need when your child is ready for college. This becomes your north star, your investment goal for your child’s dream education.  Investment advise from the wise Once you have the goal calculated, the next step is to start an investment plan where you invest a certain amount every month (the EduFund calculator will give you this amount as well) into an investment vehicle that can give you good returns. If you’re new to investing, it would be wise to get in touch with a wealth advisor who can guide you.  If you have plans for your child to study at the top universities in the world, a wealth advisor would encourage you to diversify your portfolio by investing in the US markets.  Advantages of investing in US markets  Ever since Indian independence, the rupee has gradually depreciated compared to the US dollar. This is the reason why exchange rates remain a nightmare even when we’re thinking of a small vacation to the US or Europe. Now imagine studying there for a few years and those expenses, and the burden that exchange rates could then be.  The solution? Invest in the US markets and save in dollars in order to spend in dollars.  The US markets are mature, with some of their large-cap companies holding a valuation of over a trillion dollars. Additionally, the US indices like the S&P 500 have delivered consistently good returns for over six decades.   1. Geographical diversification  If there is one investment lesson that most of us are familiar with, it has to be not putting all your eggs in one basket. This lesson doesn’t just end with investing in multiple companies in diverse fields but also includes investing in geographically diverse markets.  Often, the Indian market experiences ups and downs based on regional factors that include politics, regime changes, natural disasters, and more. A portfolio that isn’t geographically diversified would be heavily affected by these.  To counter this, investing in the US markets is an obvious solution as the market sentiments that affect the Indian markets rarely have an effect on the US markets.  2. More than one way to earn returns When you start investing for your child’s education in the US markets, you’re gaining in two ways - first by the dividends and capital appreciation, and second, with the depreciation trend of the rupee. You have a strong possibility of getting more rupees for every dollar in the long term.  With so many obvious advantages to look forward to, the only hardships stopping Indian parents from investing in the US were the lack of accessibility and the long paperwork. Thankfully now, platforms like EduFund make this process simple and convenient. No paperwork. No long waiting periods. No confusion.  FAQs Where can I invest money in education? There are many ways to invest in education. From mutual funds to the US market, the choices are unlimited. Depending on your risk appetite and time horizon, you can pick the best funds and investment options with the help of a financial advisor. With the cost of education rising, mutual funds, our US stocks, and ETFs are great investment choices for parents who have over 10 years of investment ahead of them. How to invest in US markets? As an Indian investor, you can invest in US markets with the help of a foreign or domestic broker or directly. Where should I invest money to get good returns for students? To fetch good returns, the best investment options are investing in mutual funds, the US market via stocks and ETFs, PPF, and government programs like Sukanya Samriddhi Program. Conclusion Someone wise once said that an investment in education pays the best dividends. We understand that every parent wants their child to have more opportunities than they did, and greater resources at their disposal than they did. With time by your side, some discipline, and the power compounding, it is easily possible. Consult an expert advisor to get the right plan TALK TO AN EXPERT

It is becoming increasingly obvious these days that investment is the best way for most people to achieve their financial goals. Costs of education are rising and the advantages of going to study abroad are becoming more and more obvious. For many people, these rising costs of education have necessitated a changed approach to finances. A good investment strategy and portfolio are clearly the way to go. However, many beginner investors do not know enough about investments and how or where to invest.  In this guide, we cover index funds: what they are, how they work, who should invest in them, and things to consider. If you have been thinking about investing in mutual funds or ETFs, read on to know more.  What is an Index fund? Index funds are a type of passively managed, equity funds. As the name suggests, these funds have a portfolio that is made to imitate a financial index, like BSE Sensex, NSE Nifty, etc. Both ETFs and mutual funds can be index funds. Returns from an index fund, typically mirror the growth of the index that they are tracking. How does an Index fund work? An index fund works by tracking a financial index. A financial index is a measure of the stock market or a subset of the stock market. An index fund consists of the same stocks that comprise a certain index, in the same proportions. So if, for example, a particular index fund is tracking Nifty, its portfolio will have the same 50 stocks that comprise Nifty. Then, the performance of the fund will depend on the performance of Nifty.  Unlike an actively managed fund, index funds do not have a team of analysts and experts constantly researching the market and creating strategies. The fund manager only ensures that the fund tracks its respective index as closely as possible. Things to consider when investing in Index funds 1. Risks and Returns Index funds are passively managed and track a financial index. This means that they are less volatile than other equity funds that are actively managed and hence, less risky. This is because actively managed funds strive to beat their benchmark but index funds track particular financial indices and try to remain as close to the benchmark as possible. This means the returns of an index fund usually replicate the performance of the index. This makes these funds reliable and lucrative during a market rally but less so during a slump.  One thing to keep in mind, however, is the tracking error. Most index funds do not replicate their respective indices exactly. There is a small deviation which is called a tracking error. You should always choose a fund with a low tracking error to reduce risk.  2. Investment timeline and goals Since index funds are considered lower-risk funds, they are suitable for investors looking to make long-term, passive, investments. These can be investments made for the future education plans of a very young child or retirement plans. With long-term investment windows, any short-term fluctuations can be balanced out or averaged. But if your goals are less long-term, for example, education plans for an older child, you should consider investing in a more actively managed fund. A good financial advisory service can help you make these decisions. 3. Investment costs and fees Index funds are passively managed. Since these funds track indices and don’t require active management, they incur lesser fees. An actively managed fund has to pay for analysts and experts to do research and create investment strategies. A passively managed fund does not have to do that. They have lower operating and management fees, transaction charges, etc. This means that these funds have a lower expense ratio ( the percentage of your total investment that you have to pay to the fund as management fees and other charges). 4. Taxation Index funds are subject to dividends distribution tax (DDT) and capital gains tax. DDT is deducted at source when the fund pays its dividends to stakeholders. DDT is generally applied at a rate of 10%. Capital gains tax is the tax levied on the capital gains made when you redeem units of your index fund. The amount of tax depends on your holding period. If you held the units for less than a year, then you will have to pay short-term capital gains tax (STCG) which is 15%. Capital gains from a holding period of above one year are considered long-term capital gains (LTCG) and are taxed at 10%. LTCG under Rs.1 Lakh is not taxable. Who should invest in an Index fund? Index funds are ideal for investors who want to invest in the equities market but do not want to take a lot of risks. If you are open to a long-term investment with relatively low but fairly predictable results, index funds can be a good option for you.  Keep in mind that index funds will follow the index and not give you any market-beating returns. If you are looking to make investments for your child’s education plans, you may want to stick to index funds for the stability they offer. However, a much better option would be a diversified investment portfolio with index funds as one of the components.  Education plans are rather high-stakes goals and so it is understandable to want to go safe. However, education, especially if you plan to study abroad, is also expensive. Actively managed equity funds tend to have generally higher returns. Keeping both in your portfolio can help you get the best of both worlds, general stability as well as good returns. Conclusion Index funds are a good and reliable way of passive investment for people who do not have the time to constantly monitor and manage their portfolios. They are especially useful when the markets are doing well and financial indices are on a general rise. However, recession and economic instability can cause a slump and bring down the value of index funds. To offset such eventualities, it is important to diversify your portfolio.  Financial planning, after all, requires active effort and involvement. The securities and assets you invest in should be properly aligned with your financial goals. If you lack the know-how or expertise to figure these out yourself, you can always consult a financial planner or other such services. For specific goals like education plans, you can hire specialized financial planning experts like EduFund. A good investor understands his investments and takes risks in accordance with his goals and his capacity. Therefore, putting in the time to figure out what kind of investor you are and what kinds of investments are best for you, is always a worthwhile endeavor. FAQs What are some best index funds? Some of the best index funds include IDFC Nifty 50 Index Direct Plan-Growth, Nippon India Index Fund S&P BSE Sensex Plan Direct-Growth, UTI Nifty 50 Index Fund, etc. Is it good to invest in index funds? Index funds provide you with low-cost investment methods. They can bring you better gains than fund managers do. Do index funds pay dividends? Since regulations require it, Index funds do pay dividends in most cases. Consult an expert advisor to get the right plan TALK TO AN EXPERT

As a parent, no doubt you want the best for your kids. Global education can open doors and create opportunities for your child like nothing else can. However, the expenses involved in going to study abroad can be intimidating and discouraging for many people. Education loans are always an option, but debt is a big long-term liability and is not exactly an exciting prospect, is it? So, how can you raise funds for your child’s education without having to resort to education loans and other forms of debt? Well, that requires a bit of foresight and planning.  Saving is always an option but is it the best option? After all, you can save what you have but you cannot use your savings to generate more wealth. And with rising inflation, investing may be the better option in the long run. How is investing different from saving? Saving money is not a very complicated concept. We all save money, either for future purchases, emergencies, or other causes. Saving money typically involves putting aside money from your income in a safe place, like a bank account or a locker. Savings can accrue a small amount of interest, especially when you are using a bank account. However, in general, your savings do not compound or generate profit through interest or appreciation in any significant way. Investing money involves buying and holding an asset for a period of time with the intention of generating profits from it. When you invest money in the stock market, in bonds, or in real estate or jewelry, you do it with the intention of eventually selling the asset after a period of time and gaining profit. This profit is gained from the value of your assets changing and appreciating over a period of time due to inflation and/or other factors. 1. Investment generates wealth This is an important distinction between savings and investment. Investment is a tool for wealth generation. You are not simply setting aside money when you invest, instead, you are using it in a very specific way to generate more money. While you can earn a small amount of interest on a savings account, this is still minimal compared to the profits that can be gained through strategic investment. Savings is an instrument of wealth preservation. By keeping your money idle and parked in a bank account, you ensure that it remains safe. It is not exposed to the market or its constant fluctuations, it stays as it is. This makes savings a low-risk option as compared to investment. However, remember, the lower the risk the lower the returns. You don’t make any gains or profits from a savings account. When you have long-term goals like a child education plan to work towards, simply saving is not enough. You need to look for ways to actively generate wealth to counter the ever-rising costs of global education.  2. Investment helps you beat inflation With inflation, the value of money decreases. Think about it this way, a commodity worth Rs. 500 in 1980 would have been considered fairly expensive. Today, we can easily spend that amount of money in a single day and not even think twice about it. This is because, with inflation, the value of Rs. 500 has decreased.  So, even if you save a fairly significant sum of money, it may end up becoming insignificant over time as inflation eats its value. Investment helps you beat these odds. When you invest in some asset, its value keeps appreciating over time with inflation. Therefore, the money that you have invested in the asset appreciates with it. Instead of eating away at the value of your money, inflation helps you generate more wealth. 3. Investment helps you realize your goals Because investment is an instrument of wealth generation and because it helps you beat inflation, it is also a better way of realizing your financial goals. Saving does not play out well in the long term for expensive goals. These goals require you to accrue money that may be in excess of what you can reasonably or realistically save. Investing that money is a more reliable way of achieving your goal amount. Keeping your money idle makes it liable to depreciation due to inflation. Investing helps you generate wealth. This is why, when you have long-term goals on the horizon, it is better to invest. Such investment obviously requires a strategy. Markets always carry risk and your investments can succeed or they may fail and leave you at a loss. To counter that, one must always try to invest intelligently and strategically to balance out the risk. Mutual funds and ETFs which are professionally managed investment funds are a good way of doing this for beginner investors. Then why save at all? If investing is better in all these ways, then why save at all? Isn’t it better to simply invest all of your extra money? Well, let's not get ahead of ourselves. All investment carries risk. Markets can be volatile and unpredictable. The price of your assets may go up in the long term, or they may fall and leave you at a loss. Savings, on the other hand, ensures that your money doesn’t go anywhere. Keeping your money idle is not always a bad thing. By doing so you ensure that no matter what happens, you have some money kept secure for rainy days. Savings can provide you with a much-needed cushion in case your investments fail or fall prey to a market slump. Savings are also a good way to collect money for short-term financial goals. When it comes to short-term or less expensive goals, inflation is less likely to be a factor. For example, if you are planning on buying a new refrigerator next year, inflation is likely not going to make big problems for you when it comes to costs or the value of your saved money.   Savings are a good way of ensuring you have a safety cushion or emergency fund. It is also good for short-term financial goals. It is always wise to have at least some savings on hand. Conclusion Savings and investments are both important ways of preparing yourself for the future. While investment is riskier, it is the best way of ensuring long-term capital gains and wealth generation. Saving for a rainy day is a wise and responsible thing to do. However, to beat rising inflation and ensure the best education possible for your child, investment is the smart way to go. Investing your money through a service like EduFund can help you fulfill your child’s study abroad dreams. You don't always have to work hard. Work smart. FAQs Will my bank FDs help me beat education inflation? Regular bank FDs usually provide up to 7 or 7.5% returns. Education inflation, on the other hand, increases at the rate of 10% every year. This means that FDs do increase your money but do not increase the value of your money; hence, they fail to beat education inflation. Is it more important to save or invest? Savings are Important, of course. However, savings don't necessarily increase the value of your money with time due to inflation. You need a plan that gives your returns higher than inflation. And that solution is an investment. Which is easier: Saving or investing? To a beginner, investing may seem like a complicated domain to enter, but with some basic research and through easy-to-access tools like the EduFund app, investment can be as easy as having a saving bank account. Consult an expert advisor to get the right plan TALK TO AN EXPERT

L&T Mutual Fund is the 12th largest mutual fund house by asset size in India. The fund house manages assets worth (AUM) INR 72, 873.58 crore AUM as of March 31, 2021. As of January 31, 2021, their AUM was INR 68,476.08, which had gone up by  INR 5919.09 Cr from its INR 63057.2 Cr in September 2020. L&T Mutual Fund is a wholly-owned subsidiary of L&T Finance Holdings Limited, a renowned listed company registered with RBI as an NBFC. Its stress has been on delivering superior long-term risk-adjusted performance. L&T Mutual Fund follows a disciplined approach to investment and risk management known as GEM: Generation of new ideas for both equity and fixed-income funds, Evaluation of companies based on various filters & parameters and, monitoring of portfolios, and choosing those that have the most potential. L&T Mutual Fund holds over 2, 534,445 live folios and 42 Investor Service Centres ( April 16, 2021) L&T Mutual Fund offers a wide variety of schemes to investors. It offers Equity Funds, Fixed Income Funds, Hybrid Funds, FMPs & Closed-Ended Funds, and Smart SIP combos. Some well-known equity schemes from its stable are L&T Midcap Fund, L&T Emerging Businesses Fund, etc. L&T Mutual Fund also offers some good debt funds. Some prominent debt schemes are L&T Short-Term Bond Fund, L&T Credit Risk Fund, L&T Liquid Fund, etc., L&T Hybrid Equity Fund, and L&T Arbitrage Opportunities Fund, which are well-known names in the hybrid schemes category.  L&T Mutual Fund has some of the best fund managers. The CEO is Kailash Kulkarni, the Head of Equity Investments is Venugopal Manghat, and the Head of Fixed-Income Investments is Shriram Ramanathan. Vihang Naik manages L&T Midcap Fund and L&T Emerging Businesses Fund. Jalpan Shah is specialized in managing various debt schemes of the fund house. Praveen Ayathan manages hybrid schemes like L&T Balanced Advantage Fund and L&T Arbitrage Opportunities Fund.  The vision of the fund house is to be an admirable, inspirational, and sustainable financial institution in the country.  Important information about L&T Mutual Fund  Name of the AMCL&T Investment Management LimitedIncorporation Date30 April 1996SponsorsL&T Finance Holdings Limited TrusteeL&T Mutual Fund Trustee LimitedTrustees' NameMr. Hemant Yeshwant Joshi, (Independent Director) Mr. Shailesh Vishnubhai Haribhakti, (Associate Director) Mr. Shriniwas Yeshwant Joshi (Independent Director) and Mr. Jayant Gokhale (Independent Director)  Chief Executive Mr. Kailash KulkarniCompliance OfficerL&T Investment Management Ltd.,  Brindavan, Plot No. 177, C.S.T Road, Kalina,  Mumbai 400 098 Contact No.: 022-66554115 complianceofficer@lntmf.co.inInvestor Relations Officer Mr. Ankur Banthiya  Registrar and Transfer agentM/s. Link Intime India Pvt. Ltd.  Address for correspondence C-101, 247 Park, L.B.S. Marg, Vikhroli (W), Mumbai 400 083 Tel.No. +91 22 49186000 Fax No. +91 22 49186060 Email: ltfinbuyback@linkintime.co.in Toll-Free No. 1800 2208 78Toll-free Number 1800 2000 400Email Addressinvestor.line@lntmf.co.inRegistered AddressL&T Investment Management Ltd, 6th Floor, Brindavan Plot No 177, CST Road, Kalina, Santacruz (E) Mumbai - 400098 Maharashtra, India. 10 top-performing L&T Mutual Fund Schemes  L&T Mutual Fund caters to investors with multiple needs, risk profiles as well as the horizon of investment. The funds' performance is calculated based on various parameters such as historic performance, the fund manager's track record, return consistency, and the AUM growth of the mutual fund. Investors can choose from over 140 L&T Mutual Fund schemes across different categories.  1. L&T India Large Cap Fund (Category-Equity: Large Cap; Regular, Growth) L&T India Large Cap Fund is considered suitable to generate long-term capital appreciation from a diversified portfolio of predominantly equity and equity-related securities, including equity derivatives, in the Indian markets. The scheme predominantly invests in large-cap stocks. The scheme could also additionally invest in Foreign Securities. L&T India Large Cap Fund is an Equity - Large Cap fund that was launched on Oct 23, 2007. It is a fund with Moderately High risk and has given a CAGR/Annualized return of 10% since its launch. Ranked 56 in the Large Cap category, its NAV is INR 34.0990 (April 15, 2021). The fund has been giving 7.92% average annual returns since inception. The benchmark for this scheme is S&P BSE 100 TRI Index. The Annual Recurring Expenses of the L&T India Large Cap Fund -Regular Plan- is 2.25% (As of 31st March 2021) and on Direct Plan is 1.41% (As on 31st March 2021.) This product is suitable for investors who are seeking long-term capital appreciation, investment in equity and equity-related securities, including equity derivatives in the Indian markets and foreign securities; with predominant investments in large-cap stocks. Key information Minimum InvestmentINR 5,000Minimum Additional Investment INR 1,000Minimum Amount/ Number of Units for RedemptionINR 500 or 50 UnitExit LoadIf the units redeemed or switched out are up to 10% of the units purchased or switched in (“the limit”) within 1 year from the date of allotment: Nil. If units redeemed or switched out are over and above the limit within 1 year from the date of allotment: 1% of applicable NAV. If units are redeemed or switched out on or after 1 year from the date of allotment: Nil. No Exit load/CDSC will be chargeable in case of switches made between different options of the Scheme.  No Exit load will be chargeable in case of (i) Units allotted on account of dividend reinvestments, and (ii) Units issued by way of the bonus if any.Fund sizeINR 605.57 Cr (on April 15, 2021) Annual Recurring Expenses (Regular Plan) Annual Recurring Expenses (Direct Plan)  2.25% (As of 31st March 2021)1.41% (As of 31st March 2021) 2. L&T Triple Ace Bond Fund (Category-Debt: Corporate Bond; Regular, Growth) L& T Triple Ace Bond fund is suitable to generate regular and stable income for the unitholder of the Scheme. The fund is invested predominantly in AA+ and above-rated debt and money market instruments. The corpus of the scheme would be invested primarily in debt market securities such as nonconvertible debentures, bonds issued by corporations, banks, and governments, commercial paper, certificates of deposits, and other money market instruments. The scheme would invest predominantly in securities rated by the Credit Rating and Information Services of India Limited (CRISIL) or any other rating agency.  L&T Triple Ace Bond Fund is a Debt - Corporate Bond fund that was launched on Jun 9, 1997. It is a fund with Moderate risk and has given a CAGR/Annualized return of 7.5% since its launch. Ranked 39 in the Corporate Bond category, it has a NAV of INR 57.0549 (April 15, 2021). The benchmark for this scheme is CRISIL Composite Credit Risk Index. Key information Minimum InvestmentINR 10,000Minimum Additional Investment INR 1,000Minimum Amount/ Number of Units for RedemptionINR 500 or 50 UnitExit LoadIf the amount sought to be redeemed or switched out is invested for a period of up to 30 days from the date of allotment. : 0.5% of applicable NAV If the amount sought to be redeemed or switched out is invested for a period of more than 30 days from the date of allotment. : NILFund sizeINR 6,294.85Cr (on April 15, 2021) Annual Recurring Expenses (Regular Plan) Annual Recurring Expenses (Direct Plan)  0.63% (As of 31st March 2021)0.27% (As of 31st March 2021) 3. L&T Hybrid Equity Fund (Category-Hybrid: Aggressive; Regular-Growth) L&T Hybrid Equity Fund seeks to generate long-term capital appreciation from a diversified portfolio of predominantly equity and equity-related securities and to generate reasonable returns through a portfolio of debt and money market instruments. L&T Hybrid Equity Fund is a Hybrid Equity fund that was launched on Feb 7, 2011. It is a fund with Moderately High risk and has given a CAGR/Annualized return of 12.6% since its launch. This fund is ranked 5 in the Hybrid Equity category. The benchmark for this fund is CRISIL Hybrid 35+65 - Aggressive Index. It has a NAV of INR 32.3750 ( April 15, 2021). Key information Minimum InvestmentINR 5,000Minimum Additional Investment INR 1,000Minimum Amount/ Number of Units for RedemptionINR 500 or 50 UnitExit LoadIf the units redeemed or switched out are up to 10% of the units purchased or switched in ("the limit") within 1 year from the date of allotment: Nil. If units redeemed or switched out are over and above the limit within 1 year from the date of allotment: 1 % of Applicable NAV. If units are redeemed or switched out on or after 1 year from the date of allotment: NIL. A switch-out or a withdrawal under SWP may also attract an Exit Load like any Redemption. No Exit Load/CDSC will be chargeable in case of switches made between different options of the Scheme. No Exit Load will be chargeable in respect of redemption/switch out of (i) Units allotted on account of dividend re-investments; and (ii) Units issued by way of the bonus if any.Fund sizeINR 5,732.90 Cr (on April 15, 2021) Annual Recurring Expenses (Regular Plan) Annual Recurring Expenses (Direct Plan)  1.76% (As of 31st March 2021)0.80% (As of 31st March 2021) 4. L&T Balanced Advantage Fund (Formerly Known As L&T Dynamic Equity Fund)  (Category-Hybrid: Dynamic Asset Allocation; Regular, Growth) L&T Dynamic Equity Fund seeks to generate long-term capital appreciation from a diverse portfolio of equity and equity-related securities and to generate reasonable returns by investing in a portfolio of debt and money market instruments and arbitrage opportunities in the cash and derivative segments of the equity markets. L&T Dynamic Equity Fund is a Hybrid - Dynamic Allocation fund that was launched on Feb 7, 2011. It is a fund with Moderately High risk and has given a CAGR/Annualized return of 11.1% since its launch. Ranked 28 in the Dynamic Allocation category, it has a NAV of INR 28.9420 (April 15, 2021). The benchmark for this fund is 50% - S&P BSE-200 TRI Index and 50% CRISIL Short-Term Bond Fund Index. Key information Minimum InvestmentINR 5,000Minimum Additional Investment INR 1,000Minimum Amount/ Number of Units for RedemptionINR 500 or 50 UnitExit LoadIf the units redeemed or switched out are up to 10% of the units purchased or switched in ("the limit") within 1 year from the date of allotment: Nil. If units redeemed or switched out are over and above the limit within 1 year from the date of allotment: Nil. A switch out or withdrawal under SWP or transfer under STP (Except a transfer under STP (except a switch out or transfer under STP into any of the equity schemes or Fund of Fund schemes) may also attract an exit load/CDC like any redemption. No Exit Load/CDSC will be chargeable in case of switches made between different options of the Scheme. No Exit Load will be chargeable in respect of redemption / switch out of redemption of; (i) Units allotted on account of dividend. In case of units switched out/systematically transferred to another option/plan within the same plan/Scheme and if subsequently redeemed, for the purpose of determining the Exit Load, the date when such units were first allotted in the respective plan/Scheme will be considered as the purchase/allotment date.Fund sizeINR  1,014.10  Cr (on April 15, 2021) Annual Recurring Expenses (Regular Plan) Annual Recurring Expenses (Direct Plan)  1.95% (As of 31st March 2021)0.70%  (As of 31st March 2021) 5. L&T Banking and PSU Debt Fund (Category-Debt: Growth; Regular, Growth) L&T Banking and PSU Debt Fund are to generate reasonable returns by primarily investing in debt and money market securities that are issued by Banks, Public Sector Undertakings (PSUs) and Public Financial Institutions (PFIs) in India. L&T Banking and PSU Debt Fund is a Debt - Banking & PSU Debt fund that was launched on Sep 12, 2012. It is a fund with Moderately Low risk and has given a CAGR/Annualized return of 5% since its launch. It is ranked 39 in the Banking & PSU Debt category. Its NAV is INR 19.4495 (April 15, 2021). The benchmark for this fund is NIFTY Banking & PSU Debt Index. Key information Minimum InvestmentINR 10,000Minimum Additional Investment INR 1,000Minimum Amount/ Number of Units for RedemptionINR 500 or 50 UnitExit LoadNILFund sizeINR  6,060.61Cr (on April 15, 2021) Annual Recurring Expenses (Regular Plan) Annual Recurring Expenses (Direct Plan)  0.61% (As of 31st March 2021)0.21% (As of 31st March 2021) 6. L&T Gilt Fund Regular (Category-Debt: Growth; Regular, Growth) L&T Gilt Fund seeks to generate returns from a portfolio of investments in Government Securities. L&T Gilt Fund is a Debt - Government Bond fund that was launched on Mar 29, 2000. It is a fund with Moderate risk and has given a CAGR/Annualized return of 8.3% since its launch. Ranked 10 in the Government Bond category, it has a NAV of INR 53.5978 (April 15, 2021). The benchmark for this fund is CRISIL Corporate Bond Composite Index. Key information Minimum InvestmentINR 10,000Minimum Additional Investment INR 1,000Minimum Amount/ Number of Units for RedemptionINR 500 or 50 UnitExit LoadNILFund sizeINR  282.82 Cr (on April 15, 2021) Annual Recurring Expenses (Regular Plan) Annual Recurring Expenses (Direct Plan)  1.70% (As of 31st March 2021)0. 45% (As of 31st March 2021) 7. L&T Short Term Bond Fund (Category-Debt: Short Duration Fund; Regular, Growth) The investment aim of the scheme is to generate returns for investors with a short-term investment horizon by investing in fixed-income securities of shorter-term maturity. It aims to generate regular returns and capital appreciation by investing in debt, government, and money market securities. L&T Short-Term Bond Fund is a Debt - Short-term Bond fund that was launched on Dec 27, 2011. It is a fund with Moderately Low risk and has given a CAGR/Annualized return of 8.3% since its launch. It is ranked 50 in the Short-Term Bond category. Its NAV is INR 20.8765 (April 15, 2021). The benchmark for this fund is NIFTY Short Duration Debt Index. Key information Minimum InvestmentINR 10,000Minimum Additional Investment INR 1,000Minimum Amount/ Number of Units for RedemptionINR 500 or 50 UnitExit LoadNILFund sizeINR  4,515.41 Cr (on April 15, 2021) Annual Recurring Expenses (Regular Plan) Annual Recurring Expenses (Direct Plan)  0.75% (As of 31st March 2021)0.25% (As of 31st March 2021) 8. L&T Flexicap Fund (Formerly known as L&T Equity Fund) (Category-Equity: Multi-Cap; Regular, Growth) L&T Equity Fund seeks to generate long-term capital growth from a diversified portfolio of predominantly equity and equity-related securities. This is an Equity - Multi-Cap fund that was launched on May 16, 2005. It is a fund with Moderately High risk and has given a CAGR/Annualized return of 15.9% since its launch. Ranked 25 in the Multi-Cap category, its NAV is INR  100.3870 (April 15, 2021). The benchmark for this fund is S&P BSE-500 TRI Index. Key information Minimum InvestmentINR 5,000Minimum Additional Investment INR 1,000Minimum Amount/ Number of Units for RedemptionINR 500 or 50 UnitExit LoadNILFund sizeINR  2,564.96 Cr (on April 15, 2021) Annual Recurring Expenses (Regular Plan) Annual Recurring Expenses (Direct Plan)  1.88% (As on 31st March 2021)1.24% (As on 31st March 2021)   9. L&T India Value Fund (Category-Equity: High Risk; Regular, Growth) L&T India Value Fund aims to generate long-term capital appreciation from a diversified portfolio of predominantly equity and equity-related securities in the Indian markets with a higher focus on undervalued securities. The scheme could also additionally invest in Foreign Securities in international markets. This is an Equity - Value fund that was launched on Jan 8, 2010. It is a fund with Moderately High risk and has given a CAGR/Annualized return of 14.9% since its launch. It is ranked 4 in the Value category. Its NAV is INR 45.6410 (April 15, 2021). The benchmark for this fund is S&P BSE 200 TRI Index. Key information Minimum InvestmentINR 5,000Minimum Additional Investment INR 1,000Minimum Amount/ Number of Units for RedemptionINR 500 or 50 UnitExit LoadIf the units redeemed or switched out are up to 10% of the units purchased or switched in (“the limit”) within 1 year from the date of allotment: Nil. If units redeemed or switched out are over and above the limit within 1 year from the date of allotment: 1% of applicable NAV. If units are redeemed or switched out on or after 1 year from the date of allotment: NilFund sizeINR  6,613.11Cr (on April 15, 2021) Annual Recurring Expenses (Regular Plan) Annual Recurring Expenses (Direct Plan)  1.71% (As of 31st March 2021)0.82% (As of 31st March 2021) 10. L&T Resurgent India Bond Fund (Formerly Known As L&T Resurgent India Corporate Bond Fund) (Category-Debt: Moderate Risk) This fund seeks to generate income by investing primarily in debt and money market securities of fundamentally strong corporate/companies in growth sectors that are closely associated with the resurgence of the domestic economy, with the flexibility to follow a more conservative investment approach during economic downturns. L&T Resurgent India Bond Fund is a Debt - Medium-term Bond fund that was launched on Feb 2, 2015. It is a fund with Moderate risk and has given a CAGR/Annualized return of 7.7% since its launch. Its NAV is INR 15.8417 (April 15, 2021).  Key information Minimum InvestmentINR 5,000Minimum Additional Investment INR 1,000Minimum Amount/ Number of Units for RedemptionINR 500 or 50 UnitExit LoadOn or before 1 year from the date of allotment or Purchase applying First in First Out basis - 1% of applicable NAV. After 1 year - NILFund sizeINR  806.95 Cr (on April 15, 2021) Annual Recurring Expenses (Regular Plan) Annual Recurring Expenses (Direct Plan)  1.50%  (As of 31st March 2021)0.60% (As of 31st March 2021) How can you invest in L&T Mutual Fund Via EduFund? Investing in L&T mutual fund via Edufund is a simple, four-step process.  Step 1 - Download the EduFund App from Google Play Store or Apple App Store and create an online account. Step 2 - Select a scheme - Browse a wide range of L&T mutual fund schemes and choose the right scheme to suit your financial goals. You may invest in a Systematic Investment Plan (SIP) or a lump sum. The inbuilt recommendation engine suggests the best scheme for your financial objectives. Step 3 - View and Track Your Transaction(s) - The amount you have invested will reflect in your EduFund account within four working days. You can track the L&T mutual fund NAV, account balance, statement, and other information in the app. Also, you can purchase, redeem, or switch L&T mutual fund units. Step 4 - Speak with a Mutual Fund Counsellor - You can connect with a mutual fund consultant to discuss your goals and avail personalized advice.  EduFund uses top-class authentication and encryption technologies to ensure bank-like secured transactions and safeguard your investments.   Top 6 best performing Fund Managers At L&T Mutual Fund The fund manager plays a critical role in driving value and generating growth for your investments. The following are the best-performing fund manager in L&T AMC whose funds have been consistently bringing some of the best returns.  1. Mr. Venugopal Manghat- Head - Equities Mr. Venugopal Manghat is Head - Of equities at L&T Investment Management Limited. He manages the L&T India Value Fund, L&T Business Cycles Fund, L&T India Large Cap Fund, and L&T Arbitrage Opportunities Fund. He also manages the equity component of the L&T Equity Savings Fund and L&T Monthly Income Plan.  Mr. Manghat has an experience of 25 years in equity markets in India. Before joining L&T Investment Management, he was Co-head of Equities at Tata Asset Management. He has worked for more than 16 years with Tata Asset Management Limited, having joined as a Management Trainee and has worked in various capacities, including as a dealer for equity & debt, as a research analyst for equity & credit, as Head of Research and managing some key equity and hybrid schemes for the company. He started his career as a research analyst on the sell side before joining Tata Asset Management. He holds a Bachelor of Mathematics degree and an MBA in Finance. The major funds he handles include L&T India Large Cap Fund, L&T India Value Fund, L&T Conservative Hybrid Fund (Equity Component), L&T Equity Savings Fund (Equity Component), L&T Arbitrage Opportunities Fund, L&T Business Cycles Fund, L&T Equity Fund (Co-FM), L&T Large and Midcap Fund (Co-FM), L&T Tax Advantage Fund (Co-FM), L&T Balanced Advantage Fund (Formerly known as L&T Dynamic Equity Fund), (Equity Component) (Co-FM), L&T Infrastructure Fund, L&T Hybrid Equity Fund (Equity Component), L&T Midcap Fund (Co-FM), L&T Emerging Businesses Fund, L&T Focused Equity Fund (Co-FM), L&T Emerging Opportunities Fund Series - I (Co-FM) 17 L&T Emerging Opportunities Fund Series - II (Co-FM). As of March 31, 2021, he has an AUM of INR  39,348 Cr under 35 schemes.  2. Mr. Shriram Ramanathan - Head - Fixed Income Mr. Shriram Ramanathan oversees the management of more than INR 30,000 crore in assets across different fixed-income funds. He has been with the Investment Management business since June 2012 and has over 20 years of experience in fixed-income markets. Before joining the Investment Management business, he was Portfolio Manager at Fidelity (FIL) Fund Management. In his previous roles, Shriram was managing the Global Emerging Market Debt (Asia) at ING Investment Management Asia Pacific in Hong Kong for about 5 years. His earlier assignments were with Zurich Asset Management Company in fixed income research and with the Treasury department of ICICI Bank, where he started his career in investments in 2000. Mr. Ramanathan is a Chartered Financial Analyst and holds a Post-Graduate Diploma in Business Management from XLRI Jamshedpur and an Engineering degree from the University of Mumbai. The mutual funds he manages at L&T include L&T Liquid Fund, L&T Low Duration Fund, L&T Credit Risk Fund, Fixed Maturity Plans (Co-FM), L&T Triple Ace Bond Fund, L&T Resurgent India Bond Fund, L&T Hybrid Equity Fund (Debt Component), L&T Short-Term Bond Fund, L&T Flexi Bond Fund, L&T Overnight Fund (Formerly known as L&T Cash Fund) (Co-FM), L&T Banking and PSU Debt Fund (Co-FM), L&T Gilt Fund (Co-FM), L&T Ultra Short Term Fund (Co-FM) and L&T Money Market Fund (Co-FM). He manages an AUM of INR 36,962 Cr under 12 schemes as of March 31, 2021. 3. Mr Praveen Ayathan He has 28 years of experience and has been with L&T for the past eight years. Before joining L&T, he was with Kotak Asset Management Company as Manager-Equity Dealing. He is a mathematics graduate.   The funds he handles at L&T mutual funds include Arbitrage Opportunities Fund (Co-FM), L&T Equity Savings Fund (Co-FM), L&T Balanced Advantage Fund (Formerly known as L&T Dynamic Equity Fund) (Co-FM), L&T Nifty 50 Index Fund and L&T Nifty Next 50 Index Fund. He manages an AUM of INR 3,581 Cr under 7 schemes as of March 31, 2021. 4. Mr. Vihang Naik Mr. Vihang Naik is currently a Fund Manager at L&T Investment Management Ltd. Since 2012, he has been managing an AUM INR ₹31,947 Cr invested in 26 schemes as of March 31, 2021. He has 14 years of experience.  Mr. Naik was initially a Research Analyst at SBICAP Securities back in 2006. He joined Motilal Oswal Securities Ltd. in 2008 as a Research Analyst. In 2010, he moved to MF Global as a Research Analyst. He holds a BMS degree from the University of Mumbai. Mr. Naik is also a Chartered Financial Analyst from the CFA Institute. The funds he manages include L&T Equity Fund, L&T Large and Midcap Fund, L&T Tax Advantage Fund, L&T Balanced Advantage Fund (Formerly known as L&T Dynamic Equity Fund) (Equity Component), L&T Infrastructure Fund (Co-FM), L&T Hybrid Equity Fund (Equity Component) (Co-FM), L&T Midcap Fund, L&T Emerging Businesses Fund (Co-FM), L&T Focused Equity Fund, L&T India Large Cap Fund (Co-FM), L&T Emerging Opportunities Fund Series – I, L&T Emerging Opportunities Fund Series – II, L&T India Value Fund (Co-FM), L&T Business Cycles Fund (Co-FM), L&T Equity Savings Fund (Equity Component) (Co-FM) and L&T Conservative Hybrid Fund (Equity Component) (Co-FM). 5. Mr. Jalpan Shah Mr. Jalpan Shah is currently the Portfolio Manager of Fixed Income at L&T Investment Management Ltd. He manages an AUM of INR 36,755 Cr under 51 schemes (March 31, 2021).  He was a Research Analyst at UTI Mutual Fund in 2004. In 2007, he joined Fidelity International as an Associate Trader of Fixed Income. Mr. Shah has a degree in Mechanical Engineering from Sardar Patel University. He is an MBA in Finance from T. A. Pai Management Institute. 16 years of experience.  The funds he manages include L&T Liquid Fund (Co-FM), L&T Ultra Short Term Fund, L&T Short-Term Bond Fund (Co-FM), L&T Flexi Bond Fund (Co-FM), L&T Gilt Fund, L&T Banking and PSU Debt Fund, L&T Overnight Fund (Formerly known as L&T Cash Fund), Fixed Maturity Plans, L&T Conservative Hybrid Fund (Debt Component), L&T Balanced Advantage Fund (Formerly known as L&T Dynamic Equity Fund) (Debt Portion), L&T Equity Savings Fund (Debt Portion), L&T Triple Ace Bond Fund (Co-FM), L&T Money Market Fund, L&T Arbitrage Opportunities Fund (Debt Portion), L&T Low Duration Fund (Co-FM), L&T Credit Risk Fund (Co-FM), L&T Resurgent India Bond Fund (Co-FM). 6. Mr. Alok Ranjan Mr. Alok Ranjan is an investment professional with L&T Investment Management. He is an MBA from IIM Calcutta and is a graduate of NIT Warangal where he graduated with an Institute Rank and a Gold Medal. He has over 8 years of domain experience, and his Sector coverage includes Auto and Auto Ancillaries, Infra, Cement, Capital Goods, Chemicals, Agri related, and Oil and Gas.  He manages L&T Equity Fund, L&T India Large Cap Fund, L&T Large and Midcap Fund, L&T India Value Fund, L&T Hybrid Equity Fund, L&T Emerging Businesses Fund, L&T Arbitrage Opportunities Fund, and L&T Business Cycles Fund. He manages an AUM of INR 26,641 Cr under 12 schemes as on March 31, 2021.    Why invest in L&T MF Schemes?  L&T Mutual Fund is one of the leading AMCs in India that offers a diverse range of schemes to cater to the specific requirements of individuals based on their expected returns, risk appetite, and other related factors. Individuals can purchase and redeem their funds at their convenience with little hassle, either through online or offline mode. L&T Mutual Fund evaluates companies by considering several parameters such as liquidity, business attractiveness, management track record, and much more. Investors can choose from options like Equity Funds, Fixed Income Funds, Hybrid Funds, and Fixed Maturity Plans offered by the AMC. L&T offers nearly 146 funds to choose from. The fund house manages assets worth (AUM) INR 72, 873.58 crore AUM as of March 31, 2021.  The fund house is known for its disciplined approach to investment and risk management and it has 42 investor service centers (as on April 15, 2021) to cater to all categories of investors. The distinguished fund house is reputed for its sound investment management practices and knowledgeable fund management team. Select EduFund for investing in L&T Mutual Fund EduFund makes the process of investing in L&T mutual funds convenient. EduFund's experienced consultants give you customized solutions for all your financial goals. You can start investing from a lowly INR 5,000 and grow your capital comfortably. With EduFund, you get the following benefits: Customized Research-Based Financial Plan - EduFund's scientific fund tracker screens over 1 lakh data points and 400 financial scenarios to recommend you the best mutual funds.  Customer-Friendly Counsellors Help You Create a Financial Plan - EduFund's counselors are trained to handle all kinds of queries from customers. They spend as much time with you as you need and resolve all your issues to help you create a robust financial plan. Invest Less, Earn More - Not only the best Indian mutual funds, but EduFund also offers you the facility to invest in US Dollar ETFs and international mutual funds. Use Free Tools - EduFund offers various free tools for its customers, including College Savings Calculator, SIP calculator, etc.  No Technical Expertise Required - You do not need to be a finance expert to understand which mutual fund is the best for you. EduFund does it for you. Value-Added Benefits - You may get value-added benefits like no commission, free advisory, and nil-hidden charges. Secure Transactions - EduFund is RIA-registered and uses top-class 128-SSL security to enable safe transactions. Special Support for Children's Education - EduFund has a dedicated team of experts who help you fulfill your children's educational goals.  FAQs What are some best L&T mutual fund schemes to invest in? Some of the top-performing L&T mutual funds for you to invest in are - L&T India Large Cap Fund, L&T Triple Ace Bond Fund, L&T Hybrid Equity Fund, etc. Can I invest in L&T mutual funds online? Yes, you can invest in L&T mutual funds online through the EduFund App. Simply download the app, register and complete your KYC, explore some of the top mutual funds and pick any to invest in. Are there any benefits to investing in L&T mutual funds? The top-performing L&T mutual funds help investors in building dual benefits, earn regular returns, build long-term wealth, etc. Consult an expert advisor to get the right plan TALK TO AN EXPERT

Motilal Oswal Mutual Fund is a 100% subsidiary of Motilal Oswal Securities Limited that provides efficient and well-diversified financial services. Motilal Oswal Financial Services Limited, launched in 2005, acquired two prominent companies - Motilal Oswal Venture Capital Advisors Private Limited and Motilal Oswal Securities Ltd. Motilal. The acquisition also includes Peninsular Capital Markets Ltd. In 2007-08. Motilal Oswal Asset Management Co. Ltd was set up on 14 November 2009 and it manages a corpus under the management of Rs. 27993.146 crores as of 31st March 2021 its current offering of mutual fund schemes includes 20 equity,18 debt, and 7 hybrid funds. Motilal Oswal Asset Management Company is the manager for Motilal Oswal Mutual Funds’ investments. Motilal Oswal AMC was incorporated in 2008 under the Companies Act, of 1956. The AMC also conducts advisory services to financial consultancies, offshore funds, and the exchange of research on a commercial basis. Motilal Oswal AMC is one of India’s fastest-growing asset management companies with its operations in more than 600 locations across the country, with over 9 lakh registered clients and about 2400 physical office premises. The team of the AMC focuses on wholesaling through marquee distribution platforms and having strong relationships backed by a performance track record.  The vision of Motilal Oswal AMC is to ‘Buy Right, Sit Tight’ strategy for all its investments. Their plans have unique features such as “Low Churn” and “Focused” portfolios. ‘Buy Right’ means to buy quality at the most cost-effective price. ‘Sit Tight’ means to stay invested for a long time to realize the maximum potential of the stocks. Their unique objective is QGLP which means quality, growth, longevity, and price. Motilal Oswal was also recognized as one of the top 100 best companies to work for in the India & Economics Times survey. The AMC is sponsored by MOFSL - Motilal Oswal Financial Services Limited. In 2010, the AMC launched its first mutual fund, and in the next year, Motilal Oswal AMC became the first to enter its entity on NASDAQ. Features of Motilal Oswal Mutual Fund AMC In 2018, according to the India & Economics Times survey, the Motilal Oswal brand was awarded as one of the top 100 best companies to work for. Motilal Oswal Financial Services is spread in over 600 cities with more than 5000 professionals and 2400 business locations across India.  The company offers a wide range of financial products in Asset Management, Institutional Broking, Private Equity, Private Retail Broking, Investment Banking, Wealth Management, and Home Finance. Its mission incorporates QGLP, ensuring quality, growth, longevity, and price for its investors. The fund managers consider the longevity of the competitive advantage, the fair price of the stocks, the quality of the business, choosing stock for a portfolio, and growth in earnings.  It consists of many funds with good CRISIL ratings.  Motilal Oswal AMC believes in the ‘Buy Right, Sit Tight’ vision to keep track of performance to ensure higher returns. Important information about Motilal Oswal Mutual Fund ParticularsDetailsSponsorMotilal Oswal Securities LimitedTrusteeThe Motilal Oswal Trustee Company LimitedTrustee Directors•Mr. Sandip Ghose (Director) •Mr. Sunil Goyal (Director) •Mr. Brij Gopal Daga (Director) •Mr. Vijay Kumar Goel (Associate Director)AMC Directors•Mr. Raamdeo Agrawal (Chairman) •Mr. Abhaya Hota (Director) •Mr. Ashok Jain (Director) •Ms. Rekha Shah (Director) •Mr. Aashish P Somaiyaa (Managing Director & CEO)Auditors•M/s. N.M. Raiji & Co. for Mutual Fund, •M/s. Premal H. Gandhi & Co. - For AMCFounded29 December 2009Set up14 November 2009Statutory DetailsRegistered with SEBI under the SEBI (MF) as a Portfolio Manager, Registration No - INP000000670Vice President-cum-Fund ManagersAbhiroop Mukherjee, Siddharth Bothra, Akash Singhania, and Niket ShahCEONavin AgarwalInvestor Relations OfficeYatin DoliaMD & CEOMr. Aashish SomaiyaaRegistrar and Transfer AgentKevin Technologies Pvt Ltd.CustodianCitibank NAQuarterly AUM24184.98Compliance OfficerMs. Aparna KarmaseAddressHead Office: Motilal Oswal Asset Management Co. Ltd Address Motilal Oswal Tower, 10th Floor, Opp Parel ST Depot, Prabhadevi, Mumbai – 400025Baroda mutual fund customer care number022-39804263, 022-30896884 (fax), or you can try their toll-free number 1800-200-6626Email mfservice@motilaloswal.comWebsitewww.motilaloswalmf.com 10 top-performing Motilal Oswal Mutual Fund Schemes  Motilal Oswal has mutual funds in almost all categories permitted by the Securities and Exchange Board of India or SEBI. Here is a list of the ten best-performing Motilal Oswal mutual fund schemes in India. 1. Motilal Oswal Focused 25 Fund Direct-Growth (Category - Equity: Large Cap) The Scheme's objective is to attain long-term capital appreciation by investing in up to 25 companies with growth potential and long-term sustainable competitive benefits. Motilal Oswal Focused on 25 Fund Direct-Growth, with a NAV of 32.6685 (as of 1st May 2021), in the 'Equity: Large Cap' category. This fund was launched on 13 May 2013 and has given trailing returns of 40.40% in one year and 39.69% in 3 years (as of 30th April 2021). The fund considers the NIFTY 50 Total Return Index as its benchmark and is currently managed by its fund managers Siddharth Bothra and Abhiroop Mukherjee Key information Minimum InvestmentINR 500Minimum SIP InvestmentINR 500Exit LoadExit load of 1% if redeemed within 15 daysReturn Since Inception (13 May 2013):224.39% (as of 30th April 2021)AssetsINR 1618.03 Crore (as of 31st March 2021)Expense Ratio0.97% (as of 31st March 2021) 2. Motilal Oswal Midcap 30 Fund Direct-Growth (Category - Equity: Midcap) The scheme aims at long-term capital appreciation by investing in a maximum of 30 quality mid-cap companies having the potential for growth and long-term competitive benefit. Motilal Oswal Midcap 30 Fund Direct-Growth, with a NAV of 35.5716 (as of 1st May 2021), in the 'Equity: Midcap’ category. This fund was launched on 24 Feb 2014 and has given trailing returns of 59.84% in one year and 28.20% in 3 years (as of 30th April 2021). The fund considers the NIFTY Midcap 100 Total Return Index as its benchmark and is currently managed by its fund manager Niket Shah Key information Minimum InvestmentINR 500Minimum SIP InvestmentINR 500Exit LoadExit load of 1% if redeemed within 15 daysReturn Since Inception (24 Feb 2014):225.21% (as of 30th April 2021)AssetsINR 1895.75 Crore (as of 31st March 2021)Expense Ratio0.69% (as of 31st March 2021) 3. Motilal Oswal Flexi Cap Fund Direct-Growth (Category - Equity: Multicap) The Scheme aims to attain long-term capital appreciation by primarily investing in a maximum of 35 equity & equity-related instruments across sectors and market capitalization levels. Motilal Oswal Flexi Cap Fund Direct-Growth, with a NAV of 32.9833 (as of 1st May 2021), in the 'Equity: Multicap’ category. This fund was launched on 28 Apr 2014 and has given trailing returns of 42.31% in one year and 15.37% in 3 years (as of 30th April 2021). The fund considers the NIFTY 500 Total Return Index as its benchmark and is currently managed by its fund manager Akash Singhania. Key information Minimum InvestmentINR 500Minimum SIP InvestmentINR 500Exit LoadExit load of 1% if redeemed within 15 daysReturn Since Inception (28 Apr 2014):231.49% (as of 30th April 2021)AssetsINR 11872.55 Crore (as of 31st March 2021)Expense Ratio0.92% (as of 31st March 2021) 4. Motilal Oswal Focused 25 Fund Direct-IDCW Payout (Category - Equity: Large-cap) The Scheme aims to attain long-term capital appreciation by investing in up to 25 companies with long-term sustainable competitive advantage and growth potential. Motilal Oswal Focused 25 Fund Direct-IDCW Payout, with a NAV of 19.1244 (as of 1st May 2021), in the 'Equity: Large cap’ category. This fund was launched on 13 May 2013 and has given trailing returns of 40.40% in one year and 39.69% in 3 years (as of 30th April 2021). The fund considers the NIFTY 50 Total Return Index as its benchmark and is currently managed by its fund managers Siddharth Bothra and Abhiroop Mukherjee. Key information Minimum InvestmentINR 500Minimum SIP InvestmentINR 500Exit LoadExit load of 1% if redeemed within 15 daysReturn Since Inception (13 May 2013):224.93% (as of 30th April 2021)AssetsINR 1618.03 Crore (as of 31st March 2021)Expense Ratio0.97% (as of 31st March 2021) 5. Motilal Oswal Focused 25 Fund Direct-IDCW Reinvestment (Category - Equity: Large-cap) The Scheme aims to attain long-term capital appreciation by investing in up to 25 companies with long-term sustainable competitive advantage and growth potential. Motilal Oswal Focused on 25 Fund Direct-IDCW Reinvestment, with a NAV of 19.1244 (as of 1st May 2021), in the 'Equity: Large cap’ category. This fund was launched on 13 May 2013 and has given trailing returns of 40.40% in one year and 39.69% in 3 years (as of 30th April 2021). The fund considers the NIFTY 50 Total Return Index as its benchmark and is currently managed by its fund managers Siddharth Bothra and Abhiroop Mukherjee. Key information Minimum InvestmentINR 500Minimum SIP InvestmentINR 500Exit LoadExit load of 1% if redeemed within 15 daysReturn Since Inception (13 May 2013):224.93% (as of 30th April 2021)AssetsINR 1618.03 Crore (as of 31st March 2021)Expense Ratio0.97% (as of 31st March 2021) 6. Motilal Oswal Focused 30 Fund Direct-IDCW Reinvestment (Category - Equity: Mid-cap) The scheme aims to attain long-term capital appreciation by investing in a maximum of 30 quality mid-cap companies having long-term competitive advantages and potential for growth. Motilal Oswal Focused 30 Fund Direct-IDCW, with a NAV of 20.4877 (as of 1st May 2021), in the 'Equity: Midcap’ category. This fund was launched on 24 Feb 2014 and has given trailing returns of 59.84% in one year and 28.20% in 3 years (as of 30th April 2021). The fund considers the NIFTY Midcap 100 Total Return Index as its benchmark and is currently managed by its fund manager Niket Shah. Key information Minimum InvestmentINR 500Minimum SIP InvestmentINR 500Exit LoadExit load of 1% if redeemed within 15 daysReturn Since Inception (24 Feb 2014):255.27% (as of 30th April 2021)AssetsINR 1895.75 Crore (as of 31st March 2021)Expense Ratio0.69% (as of 31st March 2021) 7. Motilal Oswal Focused 30 Fund Direct-IDCW (Category - Equity: Mid-cap) The scheme aims to attain long-term capital appreciation by investing in a maximum of 30 quality mid-cap companies having long-term competitive advantages and potential for growth. Motilal Oswal Focused 30 Fund Direct-IDCW, with a NAV of 20.4877 (as of 1st May 2021), in the 'Equity: Midcap’ category. This fund was launched on 24 Feb 2014 and has given trailing returns of 59.84% in one year and 28.20% in 3 years (as of 30th April 2021). The fund considers the NIFTY Midcap 100 Total Return Index as its benchmark and is currently managed by its fund manager Niket Shah. Key information Minimum InvestmentINR 500Minimum SIP InvestmentINR 500Exit LoadExit load of 1% if redeemed within 15 daysReturn Since Inception (24 Feb 2014):255.27% (as of 30th April 2021)AssetsINR 1895.75 Crore (as of 31st March 2021)Expense Ratio0.69% (as of 31st March 2021) 8. Motilal Oswal Flexi Cap Fund Direct-IDCW (Category - Equity: Multi cap) The Scheme aims to attain long-term capital appreciation by primarily investing in a maximum of 35 equity & equity-related instruments across sectors and market capitalization levels. Motilal Oswal Flexi Cap Fund Direct-IDCW, with a NAV of 23.1898 (as of 1st May 2021), in the 'Equity: Multicap’ category. This fund was launched on 28 Apr 2014 and has given trailing returns of 42.31% in one year and 15.37% in 3 years (as of 30th April 2021). The fund considers the NIFTY 500 Total Return Index as its benchmark and is currently managed by its fund manager Akash Singhania. Key information Minimum InvestmentINR 500Minimum SIP InvestmentINR 500Exit LoadExit load of 1% if redeemed within 15 daysReturn Since Inception (28 Apr 2014):231.49% (as of 30th April 2021)AssetsINR 11872.55 Crore (as of 31st March 2021)Expense Ratio0.92% (as of 31st March 2021) 8. Motilal Oswal Flexi Cap Fund Direct-IDCW Reinvestment (Category - Equity: Multi cap) The Scheme aims to attain long-term capital appreciation by primarily investing in a maximum of 35 equity & equity-related instruments across sectors and market capitalization levels. Motilal Oswal Flexi Cap Fund Direct-IDCW Reinvestment, with a NAV of 23.1898 (as of 1st May 2021), in the 'Equity: Multicap’ category. This fund was launched on 28 Apr 2014 and has given trailing returns of 42.31% in one year and 15.37% in 3 years (as of 30th April 2021). The fund considers the NIFTY 500 Total Return Index as its benchmark and is currently managed by its fund manager Akash Singhania. Key information Minimum InvestmentINR 500Minimum SIP InvestmentINR 500Exit LoadExit load of 1% if redeemed within 15 daysReturn Since Inception (28 Apr 2014):231.49% (as of 30th April 2021)AssetsINR 11872.55 Crore (as of 31st March 2021)Expense Ratio0.92% (as of 31st March 2021) 10. Motilal Oswal Long-Term Equity Fund Direct-Growth (Category - Taxsaver: ELSS) ELSS Funds enable long-term wealth accumulation along with the benefit of tax saving and come with a lock-in period of 3 years,. Investing in ELSS Funds makes the investor eligible to claim a tax deduction of up to Rs 1.5 lakh under Section 80C of the Income Tax Act 1961. Motilal Oswal Long Term Equity Fund Direct-Growth, with a NAV of 24.0191 (as of 1st May 2021), in the Taxsaver: ELSS category. This fund was launched on 21 Jan 2015 and has given trailing returns of 50.03% in one year and 24.40% in 3 years (as of 30th April 2021). The fund considers the NIFTY 500 Total Return Index as its benchmark and is currently managed by its fund manager Aditya Khemani. Key information Minimum InvestmentINR 500Minimum SIP InvestmentINR 500Exit LoadNILReturn Since Inception (21 Jan 2015):137.87% (as of 30th April 2021)AssetsINR 2048.02 Crore (as of 31st March 2021)Expense Ratio0.69% (as of 31st March 2021) Using the Motilal Oswal Mutual Fund Calculator  Investments in Motilal Oswal Mutual Funds help them realize how much their current savings can generate returns in the coming years and how approximate returns they can gauge. By using the Motilal Oswal Mutual Fund Calculator, the investor can come to terms with expected profits just by entering data like income, amount to be invested, age, expected rate of returns, etc., on the calculator. The Motilal Oswal Mutual Fund Calculator helps achieve long-term goals by investing in various kinds of mutual funds within the AMC.  Save Tax by investing in Tax Saving Mutual Funds from Motilal Oswal AMC (ELSS) Motilal Oswal ELSS Funds are diversified equity funds that offer tax savings under section 80C of the Income Tax Act, 1961, and give the investor an opportunity for long-term wealth creation. These funds are ideal for investors who have a higher risk appetite and have a lock-in period of 3 years. NameType of FundMinimum InvestmentCategory Returns3-year returnsMotilal Oswal Long-Term Equity Fund Direct-GrowthELSSRs. 5003.10% - 22.28%  9.30Motilal Oswal Long-Term Equity Fund Direct - Dividend PayoutELSSRs. 5003.10% - 22.28%  9.30 How to invest in Motilal Oswal Mutual Funds via EduFund? To make investments in Motilal Oswal Mutual Funds online, one will be required to visit EduFund to register and invest in Mutual Funds. EduFund is a renowned portal registered with AMFI, BSE, and SEBI with zero fees to sign up. The investment logged in by the individual will reflect in his EduFund account within 3-5 business days. He can also use his Motilal Oswal Mutual Fund login on the organization's official website (www.motilaloswalmf.com) and click on the ‘Transact Online’ option on the right side of the page. Mutual fund investment can be made within minutes by following the steps below Step 1. To invest in Mutual funds, the investor needs to fill out an appropriate application form to start investing. In case the investor opts for a Systematic Investment Plan (SIP), he would need to fill out two forms; the 1st one will be to open an account, and the 2nd one will mention details about the SIP, which includes details like frequency, amount of installment, tenure, whether monthly/quarterly installments to be invested, etc. Step 2. The investor must click on the button ‘start’ so that the list of investment options is displayed based on life goals. Investors can choose the mutual fund that suits them the best. Click on the “Continue” button to proceed with the mutual fund investment. Step 3. The investor may have to Sign up and Create an Account if he is a new investor and submits all his relevant KYC documents. Step 4. He will have to select the type of fund he wants to invest in and his payment mode. Step 5. He must check the Plan and Fund Allocation and then click on ‘next’ to make the payment. Step 6. He should make the payment online by submitting his Bank Details and Money Transfer or by using his debit/credit card. He must select his bank account and PAN Number and save them on the webpage. Documents required for KYC Any individual investing or planning to invest in Motilal Oswal Mutual Fund needs to have relevant KYC documents to invest. To complete the KYC and verification process, the investor must submit any one of the following documents as  Proof of identification Passport Voter’s ID Aadhaar card Driving license Any document from the Central Government with the identification number NREGA job proof Proof of Address Passport Voter’s ID Aadhaar card Driving license NREGA job proof Any document from the Central Government with the identification number Why choose Motilal Oswal Mutual Funds from EduFund? The Motilal Oswal Asset Management Company (MOAMC) is an organization sponsored by Motilal Oswal Securities Limited. It is responsible for ensuring profitable long-term investments which can generate high returns for the investors using EduFund.  Benefits are: It helps in undertaking business pursuits like providing management services and advisory features.  Organizations like research exchanges for commercial purposes, offshore funds, financial consultancies, and so on benefit by investing in Mutual Funds.  Motilal Oswal Mutual Fund is highly reputed in the market that caters to the diversified investment needs of investors.  Motilal Oswal Mutual Fund falls under the direct investment management of MOAMC, which is quite well-known among investors in India. Motilal Oswal Mutual Fund is a premier AMC with over 9 Lakh registered clients, and active operations in over 600 locations across the country. With over 2400 office premises, Motilal Oswal has a diversified portfolio of financial services. Top Fund managers Top Fund Managers at Motilal Oswal Asset Management Company (MOAMC) Equity Fund Managers Mr. Akash Singhania Mr. Siddharth Bothra Mr. Swapnil Mayekar Mr. Niket Shah Mr. Abhiroop Mukherjee Mr. Herin Visaria Mr. Aditya Khemani 1. Akash Singhania - Senior Vice-President and Fund Manager at Motilal Oswal AMC He successfully navigates the volatility related to midcap stocks and manages Motilal Oswal Mid Cap 30 Fund directly. He has huge experience in managing assets for more than 11 years. Mr. Singhania is a qualified Company Secretary – Corporate Laws & Taxation from ICSI is a Chartered Accountancy in Accounting & Auditing from ICAI and has completed his PGDM (MBA) in Finance & Marketing from IIM Lucknow. 2. Siddharth Bothra – The senior Vice-President at Motilal Oswal Asset Management Company (MOAMC) Siddharth Bothra has more than 13 years of experience in research and investments, and he also manages the Motilal Oswal Equity Hybrid Fund, and the Motilal Oswal Focussed 25 Fund.  He has completed his MBA International Student Exchange at NYU Stern School of Business in New York and B. Com (Honours). He holds an honors degree in MBA - Post Graduate Program from ISB - Indian School of Business, Hyderabad). Mr. Bothra is currently the Senior VP and Fund Manager at Motilal Oswal AMC. He was previously associated with Alchemy Share & Stocks, Motilal Securities Ltd., and VCK Share & Stocks.  3. Swapnil Mayekar - Fund Manager at MOAMC He is an integral part of the product development team with his key area of expertise in model testing, creating customized indices, quantitative analysis, and building a research database. He has more than 10 years of experience in the financial services industry. For the past 5 years, he has been part of the product development team and fund management at Motilal Oswal AMC. Mr. Mayekar was associated with Business Standard Limited, and now he is also the Fund Manager of the Index Funds launched by MOAMC.  .He has done his post-graduation in Commerce in Finance Management from the University of Mumbai. He manages the ETFs and FOFs at Motilal Oswal AMC, Nifty 500 Fund, Motilal Oswal Nifty Bank Index Fund, Nifty Smallcap 250 Index Fund, Motilal Oswal Nifty Next 50 Index Fund, Nifty Midcap 150 Index Fund, and Multi-Asset Fund. 4. Niket Shah – Vice President – Associate Fund Manager at Motilal Oswal Mutual Fund Niket Shah is a Fund Manager at MOAMC with 9 years of experience and looks after MO Midcap 30 Fund. He has massive experience as he was a part of Motilal Oswal Securities Limited as Head of Midcaps Research, and a Research Analyst at Edelweiss Securities Ltd. and Religare Capital Markets before he joined MOAMC.  He has done his Master’s in Business Administration in Finance from Welingkar Institute of Management studies. Mr. Shah has more than nine years of experience. 5. Mr. Akash Singhania - Executive Group Vice President and Fund Manager at Motilal Oswal Mutual Fund Mr. Singhania has more than 16 years of professional experience, of which 14 years in Fund Management. Before joining the fund house, he was with PGIM AMC, Deutsche AMC, ICICI Prudential AMC, E&Y, KPMG, and PWC.  Mr. Singhania completed PGDM,  a Master’s in Business Administration in Finance & Marketing from IIM Lucknow. He has also completed his Chartered Accountancy from ICAI & Company Secretary from ICSI. Also, he holds a B. Com (Hons.) degree.  He manages mutual funds like Motilal Oswal Equity Hybrid Fund, Motilal Oswal Midcap 30 Fund, Motilal Oswal Multicap 35 Fund, and hybrid fund Motilal Oswal Dynamic Fund (Dynamic Asset Allocation). 6. Mr. Herin Visaria - Fund Manager – Foreign Securities Mr. Visaria has more than 11 years of experience in Derivatives Research, Sales Trading, and Dealing. Before joining the Motilal Oswal AMC fund house, he was associated with Bank of Baroda Capital Markets Ltd., Motilal Oswal Securities Ltd, and Religare Capital Markets Ltd. He currently manages Motilal Oswal Multicap 35 Fund and Motilal Oswal NASDAQ 100 ETF. 7. Mr. Aditya Khemani - Fund Manager at Motilal Oswal Mutual Fund Mr. Khemani has more than 14 years of experience in the role of portfolio manager for the last 10 years in Indian equity markets. Before enrolling with Motilal Oswal AMC, he worked with SBI Mutual Fund, ICICI Prudential AMC, HSBC AMC, and Morgan Stanley Advantage Services. Mr. Khemani holds a PGDM from IIM, Lucknow, and B. Com (Hons.) degree. Currently, he is handling Mid-cap Fund, Motilal Oswal Large, and Motilal Oswal Long Term Equity Fund. Debt fund manager 1. Mr. Abhiroop Mukherjee - the AVP and Fund Manager – Fixed Income at Motilal Oswal AMC Mr. Mukherjee has more than six years of experience in Fixed Income Securities trading. Mr. Mukherjee has an explicit experience of over 6 years in Fixed Income Securities trading. Before joining Motilal Oswal MF, he was working with PNB Gilts Ltd. He is designated as AVP & Fund Manager at MOAMC of Motilal Oswal Most 10-year Gilt Fund and Most Ultra Short Term Fund and heads Fixed Income Securities.  Mr. Mukherjee holds a B. Com (Hons.) from Calcutta University and has a PGPBF (Finance) from the National Institute of Bank Management.  He currently manages mutual funds like Focused 25 Fund, Motilal Oswal Nasdaq 100 FOF, Ultra Short Term Fund, Motilal Oswal Equity Hybrid Fund, and Motilal Oswal Liquid Fund. Select EduFund for investing in Motilal Oswal Mutual Fund EduFund makes the process of investing in Motilal Oswal mutual funds convenient. EduFund's experienced consultants give you customized solutions for all your financial goals. You can start investing from a lowly INR 5,000 and grow your capital comfortably. With EduFund, you get the following benefits Customized Research-Based Financial Plan - EduFund’s scientific fund tracker screens over 1 lakh data points and 400 financial scenarios to recommend you the best mutual funds.  Customer-Friendly Counsellors Help You Create a Financial Plan - EduFund's counselors are trained to handle all kinds of queries from customers. They spend as much time with you as you need and resolve all your issues to help you create a robust financial plan. Invest Less, Earn More - Not only the best Indian mutual funds, but EduFund also offers you the facility to invest in US Dollar ETFs and international mutual funds. Use Free Tools - EduFund offers various free tools for its customers, including College Savings Calculator, SIP calculator, etc.  No Technical Expertise Required - You do not need to be an expert in finance to understand which mutual fund is the best for you. EduFund does it for you. Value-Added Benefits - You may get value-added benefits like no commission, free advisory, and nil-hidden charges. Secure Transactions - EduFund is RIA-registered and uses top-class 128-SSL security to enable safe transactions. Special Support for Children's Education - EduFund has a dedicated team of experts who help you fulfill your children's educational goals.  FAQs What are some top investment options in Motilal Oswal Mutual Fund? Some of the top Motilal Oswal Mutual Fund schemes include Motilal Oswal Focused 25 Fund Direct-Growth, Motilal Oswal Midcap 30 Fund Direct-Growth, Motilal Oswal Flexi Cap Fund Direct-Growth, etc. Can I start a 500rs SIP at Motilal Oswal Mutual Fund? Yes, some of the top-performing Motilal Oswal mutual fund schemes require a minimum monthly instalment of Rs 500. How can I invest in Motilal Oswal Mutual Fund? You can directly invest in Motilal Oswal Mutual Fund through the EduFund app. You simply have to download the app, register and complete your KYC verification, explore some of the top mutual fund schemes, and invest. Consult an expert advisor to get the right plan TALK TO AN EXPERT

For over a decade, the Union Mutual Fund has been the Union Bank of India's investment wing. It has been striving to make its mark and has successfully boosted the economy through investment ventures and achieved sustainable investment in capital markets. The Union Mutual Fund was set up on December 30 and had access to the client base of the bank and worked on it. The AMC was known as Union KBC Mutual Fund. Because it was set up in collaboration with the KBC Asset Management NV, set in Belgium. KBC had a stake of 49%, but Union Bank always had a majority stake. In the year 2016, when the Bank held the entire share, KBC pulled out shortly thereafter. Eventually, in 2017, Dai-ichi life, a company from Japan, acquired an almost 39.62% stake in the AMC. Though it did not change the structure of the AMC yet, Dai-ichi appointed a nominee to the Board of Directors. Now the Union Mutual Fund is co-sponsored by the bank and Dai-ichi Life. Regarding the bank, Union Bank of India will complete a hundred years of existence in the year 2019. It was inaugurated by Mahatma Gandhi in 1919. In the regime of Indira Gandhi, it was nationalized and since then grew in leaps and bounds. Presently, the bank has 240 branches all over India. The bank also has a global presence, with its office in Abu Dhabi opened in 2007. It also has a branch in Sydney, Hong Kong, and Antwerp. With an asset value of Rs 4 lakh crore and 4300 branches all over the country and beyond, it is listed in the Forbes 2000 list with 35000 employees. In 2019-20, Union AMC's total income rose to INR 48.36 Crore from 48.30 Crore in the previous financial year.  Important information about union mutual fund Name of the Mutual FundUnion Mutual FundEstablished23rd March 2011Date of Incorporation30th December 2009SponsorsUnion Bank of India Dai-ichi Life Holdings, Inc.TrusteeUnion Trustee Company Private Limited ChairmanRajkiran Rai G.CEO and MDG. PradeepkumarCIOVinay PahariaInvestor Service Officer  Joseph IdichandyCompliance OfficerPadmaja ShirkeAuditorsFor Trustee Company - M/s. Chaitanya C Dalal & Co   For Mutual Fund Schemes - M/s. Deloitte Haskins and Sells LLP For AMC - M/s. Jain Chowdhary & CoRegistrarsComputer Age Management Services Ltd. Address: 7th Floor, Tower II, Rayala Towers, 158, Anna Salai, Chennai - 600002 Phone: 1800-3010-6767 / 1800-419-7676 Fax: 044-30407101 Email: enq_h@camsonline.com Website: www.camsonline.comAddress, AMC      Unit No. 503, 5th Floor, Leela Business Park, Andheri Kurla Road, Andheri (East) Mumbai – 400059Phone 022-67483300 / 1800-200-2268Fax022-67483400/3401/3402Emailinvestorcare@unionmf.comWebsite  http://www.unionmf.com Ten top-performing union mutual fund schemes 1. Union Small Cap Fund The Union Small Cap Fund, with a NAV of 21.2600 (Regular Growth) (as on 13th April 2021), is the top-performing fund in the 'Equity: Small Cap' category. This open-ended fund was launched on 10th June 2014 and has given trailing returns of 85.56% in one year (as of 12th April 2021). The fund considers the NIFTY Smallcap 100 TRI as its benchmark.  Key information Minimum InvestmentINR 5,000Minimum Additional InvestmentINR 1,000Minimum SIP InvestmentINR 2,000Minimum WithdrawalINR 1,000Exit Load1% for withdrawals before 15 daysReturn Since Inception (10th June 2014):11.65% (as on 13th April 2021)AssetsINR 425 Crore (as of 31st March, 2021)Expense Ratio2.38% (as of 28th February 2021) 2. Union Value Discovery Fund The Union Value Discovery Fund, with a NAV of 13.3900 (Regular Growth) (as on 13th April 2021), is the top-performing fund in the 'Equity: Value Oriented category. This open-ended fund was launched on 5th December 2018 and has given trailing returns of 58.41% in one year (as of 12th April 2021). The fund considers the S&P BSE 500 TRI as its benchmark.  Key information Minimum InvestmentINR 5,000Minimum Additional InvestmentINR 1,000Minimum SIP InvestmentINR 2,000Minimum WithdrawalINR 1,000Exit Load1% for withdrawals before 15 daysReturn Since Inception (5th December 2018):13.19% (as on 13th April, 2021)AssetsINR 116 Crore (as of 31st March, 2021)Expense Ratio2.56% (as of 28th February, 2021) 3. Union-Focused Fund The Union Focused Fund, with a NAV of 14.4400 (Regular Growth) (as on 13th April 2021), is the top-performing fund in the 'Equity: Flexi Cap' category. This open-ended fund was launched on 5th August 2019 and has given trailing returns of 57.72% in one year (as of 12th April 2021). The fund considers the S&P BSE 500 TRI as its benchmark.  Key information Minimum InvestmentINR 5,000Minimum Additional InvestmentINR 1,000Minimum SIP InvestmentINR 2,000Minimum WithdrawalINR 1,000Exit Load1% for withdrawals before 15 daysReturn Since Inception (5th August 2019):13.19% (as on 13th April, 2021)AssetsINR 190 Crore (as of 31st March, 2021)Expense Ratio2.52% (as of 28th February, 2021) 4. Union Long-Term Equity Fund The Union Long Term Equity Fund, with a NAV of 32.7700 (Regular Growth) (as on 13th April 2021), is the top-performing fund in the 'Equity: ELSS' category. This open-ended fund was launched on 23rd December 2011 and has given trailing returns of 58.43% in one year (as of 12th April 2021). The fund considers the S&P BSE 500 TRI as its benchmark.  Key information Minimum InvestmentINR 500Minimum Additional InvestmentINR 500Minimum SIP InvestmentINR 500Minimum WithdrawalINR 500Exit LoadNil (Lock-in period - 3 years)Return Since Inception (23rd December 2011):13.59% (as on 13th April, 2021)AssetsINR 335 Crore (as of 31st March, 2021)Expense Ratio2.33% (as of 28th February, 2021) 5. Union Flexi Cap Fund The Union Flexi Cap Fund, with a NAV of 26.4100 (Regular Growth) (as on 13th April 2021), is one of the top-performing funds in the 'Equity: Flexi Cap' category. This open-ended fund was launched on 10th June 2011 and has given trailing returns of 58.68% in one year (as of 12th April 2021). The fund considers the S&P BSE 500 TRI as its benchmark.  Key Information Minimum InvestmentINR 5,000Minimum Additional InvestmentINR 1,000Minimum SIP InvestmentINR 2,000Minimum WithdrawalINR 1,000Exit Load1% for withdrawals before 15 daysReturn Since Inception (10th June 2011):10.36% (as on 13th April 2021)AssetsINR 482 Crore (as of 31st March 2021)Expense Ratio2.38% (as of 28th February 2021) 6. Union Large & Midcap Fund The Union Large & Midcap Fund, with a NAV of 12.8500 (Regular Growth) (as on 13th April 2021), is one of the top-performing funds in the 'Equity: Large & Midcap' category. This open-ended fund was launched on 6th December 2019 and has given trailing returns of 56.89% in one year (as of 12th April 2021). The fund considers the S&P BSE 250 Large MidCap TRI as its benchmark.  Key information Minimum InvestmentINR 5,000Minimum Additional InvestmentINR 1,000Minimum SIP InvestmentINR 2,000Minimum WithdrawalINR 1,000Exit Load1% for withdrawals before 15 daysReturn Since Inception (10th June 2011):20.36% (as on 13th April, 2021)AssetsINR 190 Crore (as of 31st March, 2021)Expense Ratio2.63% (as of 28th February, 2021) 7. Union Largecap Fund The Union Largecap Fund, with a NAV of 13.8000 (Regular Growth) (as on 13th April 2021), is one of the top-performing funds in the 'Equity: Large Cap' category. This open-ended fund was launched on 11th May 2017 and has given trailing returns of 52.62% in one year (as of 12th April 2021). The fund considers the S&P BSE 100 TRI as its benchmark.  Key information Minimum InvestmentINR 5,000Minimum Additional InvestmentINR 1,000Minimum SIP InvestmentINR 2,000Minimum WithdrawalINR 1,000Exit Load1% for withdrawals before 15 daysReturn Since Inception (11th May 2017):8.55% (as on 13th April 2021)AssetsINR 185 Crore (as of 31st March, 2021)Expense Ratio2.14% (as of 28th February, 2021) 8. Union Balanced Advantage Fund The Union Balanced Advantage Fund, with a NAV of 13.8900 (Regular Growth) (as on 13th April 2021), is one of the top-performing funds in the 'Hybrid: Dynamic Asset Allocation' category. This open-ended fund was launched on 29th December 2017 and has given trailing returns of 37.72% in one year (as of 12th April 2021). The fund considers the S&P BSE Sensex 50 TRI and CRISIL Composite Bond TRI as its benchmark.  Key information Minimum InvestmentINR 5,000Minimum Additional InvestmentINR 1,000Minimum SIP InvestmentINR 2,000Minimum WithdrawalINR 1,000Exit Load1% for withdrawals before 15 daysReturn Since Inception (29th December 2017):10.50% (as on 13th April, 2021)AssetsINR 842 Crore (as of 31st March, 2021)Expense Ratio2.49% (as of 28th February, 2021) 9. Union Equity Savings Fund The Union Equity Savings Fund, with a NAV of 12.3600 (Regular Growth) (as on 13th April 2021), is one of the top-performing funds in the 'Equity: Equity Savings category. This open-ended fund was launched on 9th August 2018 and has given trailing returns of 20.34% in one year (as of 12th April 2021). The fund considers the CRISIL Short-Term Debt Hybrid 75+25 TRI as its benchmark.  Key Information Minimum InvestmentINR 5,000Minimum Additional InvestmentINR 1,000Minimum SIP InvestmentINR 2,000Minimum WithdrawalINR 1,000Exit Load1% for withdrawals before 15 daysReturn Since Inception (9th August 2018):9.08% (as of 13th April, 2021)AssetsINR 169 Crore (as of 31st March, 2021)Expense Ratio2.07% (as of 28th February, 2021) 10. Union Corporate Bond Fund The Union Corporate Bond Fund, with a NAV of 12.0392 (Regular Growth) (as of 12th April 2021), is one of the top-performing funds in the 'Debt: Corporate Bond' category. This open-ended fund was launched on 25th May 2018 and has given trailing returns of 9.53% in one year (as of 12th April 2021). The fund considers the CRISIL Corporate Bond Fund as its benchmark.  Key information Minimum InvestmentINR 5,000Minimum Additional InvestmentINR 1,000Minimum SIP InvestmentINR 2,000Minimum WithdrawalINR 1,000Exit Load1% for withdrawals before 15 daysReturn Since Inception (25th May 2018):6.64% (as of 13th April, 2021)AssetsINR 378 Crore (as of 31st March, 2021)Expense Ratio1.04% (as of 28th February, 2021) How can you invest in Union mutual fund via EduFund? Investing in Union mutual fund via Edufund is a simple, four-step process. Step 1 - Install the EduFund App from Google Play Store or Apple App Store and sign in to create an account online. Step 2 - Select a plan - Browse through a wide range of Union mutual fund schemes and pick the perfect scheme for your financial aims. You may invest in a Systematic Investment Plan (SIP) or a large sum. The EduFund app has an inbuilt recommendation engine that suggests the scheme that serves your financial objectives the best. Step 3 - Keep track of your transaction(s) - The amount you invest in a specific scheme will reflect in your EduFund account in four working days. You can keep track of the Union mutual fund NAV, statement, account balance, and other things in the app. The EduFund app gives you the option to redeem, purchase, or switch Union mutual fund units. Step 4 - Take the advice of a Mutual Fund Counsellor - You can get in touch with a consultant to discuss your financial aims and get customized advice. EduFund uses state-of-art encryption and authentication technologies to safeguard your transactions and secure your investments. Best performing fund managers at union mutual fund Mr. Vinay Paharia Mr. Vinay Paharia functions as the Chief Investment Officer at KBC Union Bank Mutual Fund. Mr. Paharia has over 16 years of experience in the sector of financial services. He ventured into the financial domain as an Equity Research Analyst at First Global Stockbroking Pvt. Ltd. He held the same designation at his following two organizations, DBS Cholamandalam AMC and K R Choskey Shares and Securities Pvt. Ltd. Just before joining Union Mutual Fund; he worked with Invesco Asset Management (India) Pvt. Ltd. for over 11 years. Mr. Paharia has earned the degree of MMS in Finance from Welingkar Institute of Management. He also qualified as a CFA from the Institute of Chartered Financial Analysts of India. His years of experience and acumen in business have been a great asset for the Union Mutual Fund investment team, where he handles 9 UMF plans. Some of the important funds under his leadership are Union Multi-Cap Fund, Union Small-cap Fund, and Union Equity Savings Fund. Mr. Parijat Agrawal Mr. Parijat Agrawal is a PGBM from IIM Bangalore. He heads the portfolio of Fixed Income at Union KBC Mutual Funds. He has a career that spans over two decades. Mr. Agrawal has an in-depth knowledge of the financial market in India. His years of experience in finances make him the troubleshooter for financial glitches. Mr. Agrawal associated himself with the Union Mutual Fund from its initial days and has been there for 9 years hence. Before that, he headed the Fixed Income portfolio at SBI Mutual Fund. He was also the Head of Treasury at the State Bank of Mauritius. Mr. Agrawal is at the helm of affairs in the portfolio of Fixed Income At Union Mutual Fund. He is in charge of 12 schemes which amounts to a net AuM in excess of INR 2,009 Crore. Among several others, Mr. Agrawal oversees the Union Balanced Advantage Fund, the Union Equity Savings Fund, and Union Dynamic Bond Fund. Mr. Anshul Mishra Mr. Anshul Mishra is among the most versatile Fund Managers at Union Bank KBC Mutual Fund. With experience spanning over a decade in the field, he has steadily given towering returns on all the funds he oversees. Before joining the Union Mutual Fund, Mr. Mishra worked as the Fund Manager at IDBI Asset Management Ltd. for 3 years. He was associated with the ING Mutual Fund, where he was in charge of Equity and Tax Saving Funds for 5 years. At the Union Mutual Fund, Mr. Anshul Mishra manages 9 schemes with a total AuM of over INR 1031 Crore. Some of his largest-grossing funds are the Union balanced Advantage Fund and the Union Large Cap Fund. Mr. Agrawal holds an MBA and a CFA, as well as a B.E degree in Mechanical Engineering. Mr. Anindya Sarkar Mr. Anindya Sarkar has earned a double MBA in Finance and Risk Management from St. John’s University- School of Risk Management and Savitribai Phule Pune University, respectively. He brings twenty years of experience with him, which makes him one of the most sought Fund Managers at Union Mutual Fund. Mr. Sarkar has been working with Union Bank KBC Mutual Fund since its initiation. He joined the Union Bank KBC Mutual Fund as its Vice President in Risk Management, a designation that he held for over eight years, before becoming a Fund Manager in the company. Before joining Union Mutual Fund, Mr. Sarkar worked with several firms both in the country and abroad. He worked as a Broker at the ICAP India Pvt. Ltd and the DVF Ltd. Then he joined as a Risk Manager at The Navigators Group, Inc. in New York., Mr. Sarkaris in charge of 3 funds at the Union Mutual Fund with a net AuM of more than INR 346 Crore. Why should you invest in a union mutual fund? It is one of India's largest AMCs and has many benchmark-beating funds to offer to its customers. It has an asset value of INR 3623.49 Crore and an extensive network of distributors providing its schemes to investors. The AMC has around 4300 branches across the length and breadth of India. The Union Mutual Fund caters to the needs of all types of investors. Select EduFund for investing in Union mutual fund The process of investing in Union mutual funds through EduFund is straightforward and convenient. The consultants at EduFund are very experienced and give you personalized solutions for the financial ambitions that you aspire to achieve. A meager investment starting from INR 5,000 through EduFund can open avenues for you to increase your capital quickly. Unique Support for Children's Education: Education has become expensive, but with EduFund, which has a dedicated team of experts to cater to your children's needs, it is easy.  Secure Transactions: The security used in EduFund is 128-SSL, the safest and RIA-registered. No Expertise Needed: All you need to do is rely on the process of EduFund. They will do all the needful without you being an expert in the field. Extra Value-Added Benefits: A free advisory and no-commission scheme is also available without any extra charges. Free Tools: You can use free tools like College Savings Calculator and SIP calculator to calculate the amount you will need in the future and save the appropriate amount. Earn More by Investing Less: Not only in Indian capital markets, but Edufund also helps you invest in US Dollars and other international mutual funds. Customized Research-Based Financial Plan: Before suggesting any investment to you, the team in Edufund scans almost a lakh data points and nearly 400 financial scenarios. So the reliability is huge, and the job is hassle-free. Consult an expert advisor to get the right plan TALK TO AN EXPERT FAQs Which Union mutual fund is the best? One of the top-performing Union mutual funds is Union Small Cap Fund. With a NAV of ₹29.45 as of 21st Dec 2022, this is the top-performing fund in the ‘Equity: Small Cap’ category. What is the minimum SIP amount I can invest in top-performing Union mutual funds? You can start Union bank's top-performing SIPs at as low as INR 500. Is Union mutual fund safe? Under any scheme of Union mutual fund, investors aren't offered any kind of assurance or guarantee for the safety of these schemes. However, the schemes provide benefits like dividend reinvestment, advanced portfolio, fair pricing, risk reduction, convenience, etc.