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.
|Fund||Category||Risk||1Y Returns||Ratings||Fund size ( in Cr)|
L&T Finance Holdings Limited
L&T Mutual Fund Trustee Limited
L&T Investment Management Limited
January 27, 1997
February 3, 1997
Mr. Soumendra Nath Lahiri
Chief Investment Officer - Equities
Mr. Venugopal Manghat
Head of Equity - Fund Manager
Mr. Jalpan Shah
Senior Vice President and Head - Fixed Income
Mr. Shriram Ramanathan
Fund Manager - Fixed Income
Mr. Yogesh Patil
Fund Manager - Equity
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