L and T (Larsen & Toubro) mutual fund was launched in the year 2010. It is one of the biggest mutual fund houses in India providing a variety of mutual fund schemes to the investors.  The parent company of all L&T mutual funds is known as L&T Investment Management Limited.

L&T is known for its great performance over the years and sound investment management practices. The company boasts of its prudent fund managers. Apart from mutual funds, L&T operates in the finance, machinery and industrial products, Information Technology, Construction and Engineering and Real estate sectors.

Read More: Top 10 Mutual Fund Houses in India

The company offers sector-specific equity schemes, fund of fund schemes, hybrid and monthly income funds, debt and treasury products and offshore funds and is very old and reputed in the mutual fund business.

Best L&T Mutual Funds

1) L&T Infrastructure Fund:

Category: Sector

Equity Sector means that investors invest in stocks of companies, willing to take risks and expecting better returns

Essential things to know about L&T Infrastructure Fund

Risk: High

Min SIP Amount: ₹500

Returns:
1 Year-32.91% per annum;
3 Year-18.28% per annum;
5 Year-23.92% per annum

Returns since Launch:  5.80%

2) L&T Midcap Fund:

Equity Mid-cap funds are the ones which invest in shares of the companies with a medium level of market capitalization which means that companies which have a huge potential in the future.

Category: Equity Midcap

Essential things to know about L&T Midcap Fund

Risk: High

Min SIP Amount: ₹500

Returns:
1 Year-30.00% per annum;
3 Year-18.54% per annum;
5 Year-28.92% per annum

Returns since Launch: 21.72%

3) L&T Emerging Business Fund:

Equity small-cap funds are the ones which invest in shares of the companies with a small level of market capitalization which means that companies which have a huge potential in the future.

Category: Equity Small Cap

Essential things to know about L&T Emerging Business Fund

Risk: High

Min SIP Amount: ₹500

Returns:
1 Year-39.62% per annum;
3 Year-24.13% per annum;

Returns since Launch: 30.89%

4) L&T India Prudence Fund:

Hybrid-Equity oriented funds are the ones which invest 65-80 percent of the fund in equity and assign remaining to debt and other similar instruments. These funds have the potential to provide good returns and low-risk rates as some portion is allocated to debt funds.

Category: Hybrid – Equity Oriented

Essential things to know about L&T India Prudence Fund

Risk: Moderate

Min SIP Amount: ₹500

Returns:
1 Year-16.03% per annum;
3 Year-10.45% per annum;
5 Year-18.34% per annum

Returns since Launch: 14.52%

5) L&T Short term Income Fund:

Category: Debt Short Term

Debt funds mainly invest in debts and fixed income securities such as corporate bonds, treasury bills, money market securities, government securities etc.

Essential things to know about L&T Short term Income Fund

Risk: Low

Min SIP Amount: ₹1000

Returns:
1 Year-7.42% per annum;
3 Year-8.86% per annum;
5 Year-8.96% per annum

Returns since Launch:  8.92%

6) L&T Gilt Plan Investment:

Category: Debt – Gilt

Gilt funds are the debt funds which invest in the fixed income securities issued by the Government of India with almost zero risks to the investors. These funds are ideal for investors looking for safe investment instruments.

Essential things to know about L&T Gilt Plan Investment

Risk: Moderately Low

Min SIP Amount: Not supported

Returns:
1 Year-1.20% per annum;
3 Year-6.49% per annum;
5 Year-9.17% per annum

Returns since Launch: 8.36 %

7) L&T Tax Advantage Fund

Category: Equity Tax ELSS funds

ELSS funds basic: An Equity Linked Savings Scheme (ELSS) is a mutual fund which invests primarily in equity market giving you higher interest rate. ELSS is specially created to give taxpayers the dual benefit of saving taxes under Sec 80C with the lowest lock-in period.

Essential things to know about L&T Tax Advantage Fund:

Risk: Moderately High

Min SIP Amount: ₹500

Returns:
1 Year-26.57% per annum;
3 Year-13.89% per annum;
5 Year-19.45% per annum

Returns since Launch: 15.46%

8) L&T India Value Fund:

Equity Mid-cap funds are the ones which invest in shares of the companies with a medium level of market capitalization which means that companies which have a huge potential in the future.

Category: Equity Midcap

Essential things to know about L&T India Value Fund

Risk: High

Min SIP Amount: ₹500

Returns:
1 Year-23.12% per annum;
3 Year-16.96% per annum;
5 Year-25.65% per annum

Returns since Launch: 17.78%

9) L&T Income Opportunities Fund:

Category: Debt Credit Opportunities

Credit opportunities funds or CROP funds are the ones that invest in debt securities that have an investment grade rating lower than AAA. Since the rating is lower, the issuer is supposed to give higher returns as compared to other securities, so there’s a good potential here to earn more money.

Essential things to know about L&T Income Opportunities Fund

Risk: Low

Min SIP Amount: ₹1000

Returns:
1 Year-6.49% per annum;
3 Year-8.62% per annum;
5 Year-8.73% per annum

Returns since Launch: 8.44 %

10) L&T Flexi Bond Fund:

Category: Debt Dynamic

It is a type of debt dynamic fund. It is a type of fund in which asset managers properly time the markets to get the insight of interest rates and in turn can switch between long term and short-term duration bonds to prevent the losses arising due to interest rate risks.

Essential things to know about L&T Flexi Bond Fund

Risk: Moderately Low

Min SIP Amount: ₹1000

Returns:
1 Year-3.61% per annum;
3 Year-7.13% per annum;
5 Year-8.36% per annum

Returns since Launch:  8.54%

Happy investing!

Disclaimer: the views expressed here are those of the author. Mutual funds are subject to market risks. Please read the offer document before investing.