L&T Mutual Fund

L&T Investment Management Ltd. is the asset management company of L&T Mutual Fund. The company is a wholly-owned subsidiary of L&T Finance Holdings Ltd., which is a publicly-listed NBFC.

The AMC is set up as a trust under the Indian Trust Act, 1882 and registered with SEBI under the registration number MF/035/97/9. It abides by its proprietary investment process – GEM:

  • Generation of ideas

Fund managers and analysts generate new ideas depending on the fund. For example, internal and external research, macro-economic analysis, through research of the market, and team meetings all contribute to such ideas in case of fixed income funds. On the other hand, external research, meetings with industry experts, suppliers, regulators, and investment team meetings generate ideas in case of equity funds.

  • Evaluation of companies

Opportunities are identified through numerous parameters like market capitalisation ownership, liquidity, etc. These filters are then thoroughly evaluated to check corporate governance, management track record, balance sheet strength, competitive positioning, business attractiveness, profitability, and valuations for equities.

  • Manufacturing or monitoring of portfolios

Fund managers continually monitor portfolios to ensure they are reaching their financial objectives and within the determined risk levels. They may close the fund after meeting the targeted price, or when there are better investment options available, or if its performance has deteriorated. Fund managers will only pick the ideas, among the ones generated, that have the most potential.

As of FY 2017-18, the company has a total income of Rs. 1,20,356.11 Lakh, profit before tax of Rs. 25,527.36 Lakh, and a profit after tax of Rs. 16,635.59 Lakh.

L&T Investment Management Ltd. offers 146 schemes and has an asset under management worth Rs. 70,944 Crore as of 31 March 2019.

Key information

Mutual fundL&T Mutual Fund
Asset management companyL&T Investment Management Ltd.
Set up3 January 1997
Incorporated25 April 1996
SponsorsL&T Finance Holdings Ltd.
TrusteeL&T Mutual Fund Trustee Ltd.
Name of trusteesMr. S. V. Haribhakti (Independent Director)Mr. V. Natarajan (Independent Director)Mr. Hemant Y. Joshi (Independent Director)Ms. Malini Thadani (Independent Director)
MD and CEOMr. Kailash Kulkarni
CIOMr. Soumendra Nath Lahiri
Investor Service OfficerMr. Ankur Banthiya
Compliance OfficerMs. Pushpavathi Kaundar

Why invest with Groww?

— Registered with SEBI, AMFI & BSE

— Paperless sign up on web & app

— Expert recommendations

— ZERO fees !

Sign Up

How can you invest in Lt Mutual Funds?

Invest in L&T Mutual Fund online quickly and without any hassle:

Step 1. Create a Groww account or log-in to your existing one.

Step 2. Upload your photo identity proof documents like PAN, Aadhaar, Passport, Voter ID, Driving Licence, Central or State Government ID card, etc.

Step 3. Upload your address proof documents like any identity KYC document with your permanent address, etc.).

Step 4. Select the investment period.

Step 5. Select your risk appetite - low, mid, or high.

Step 6. Choose the L&T Mutual Fund you want to invest in.

Step 7. Click on “Invest One Time” is you want to invest a lump sum amount or “Start SIP” if you want to invest via SIP.

Your Groww account will show the L&T Mutual Fund in India you have purchased within 3 to 4 working days.

Top Performing Lt Mutual Funds

Fund NameCategoryRisk1Y ReturnsRatingFund Size(in Cr)
L&T Infrastructure FundEquityHigh0.8%5star1,766
L&T Midcap FundEquityHigh2.8%5star5,380
L&T Money Market FundDebtModerately Low9.3%4star650
L&T India Value FundEquityModerately High5.4%4star7,853
L&T Flexi Bond FundDebtModerate12.9%4star58
L&T Emerging Businesses FundEquityHigh-6.5%4star5,985
L&T Focused Equity FundEquityModerately HighN.A4star665
L&T Large and Midcap FundEquityModerately High6.1%3star1,341
L&T Liquid FundDebtLow7.0%3star9,571
L&T Credit Risk FundDebtModerate3.1%3star2,207
L&T Short Term Bond FundDebtModerately Low10.7%3star4,330
L&T Arbitrage Opportunities FundHybridModerately Low6.7%3star798
L&T Conservative Hybrid FundHybridModerately High11.0%3star35
L&T Gilt FundDebtModerate12.8%3star128
L&T Dynamic Equity FundHybridModerately High8.4%3star612
View All Top Performing Lt Mutual Funds

Top Fund Managers

1. Mr. Soumendra Nath Lahiri

Mr. Soumendra Nath Lahiri currently serves as the Chief Investment Officer and Head of Equities at L&T Mutual Fund since 2012. He manages an AuM of Rs. 31,137 Crore in 17 schemes like L&T Emerging Businesses Fund, L&T Infrastructure Fund, L&T Midcap Fund, L&T Equity Fund, L&T Large and Midcap Fund, L&T Hybrid Equity Fund, L&T Dynamic Equity Fund, L&T Tax Advantage Fund, etc.

He was initially the Head of Equities at Dolat Investments Ltd. back in 1995. In 2004, he joined DSP Merill Lynch Investment Managers Private Ltd. as a Co-Head of Equities. Mr. Lahiri moved to Fortuna Capital in 2008 as the Chief Investment Officer of Advisory Services. Three years later, he joined Emkay Investment Managers Ltd. as the Chief Investment Officer of PMS Equity Investment. In 2011, he joined Canara Robeco Asset Management Company Ltd. as a Fund Manager and the Head of Equities.

Mr. Lahiri holds a degree in Mechanical Engineering and an MBA degree from IIM Bangalore.

2. Mr. Vihang Naik

Mr. Vihang Naik is currently a Fund Manager at L&T Investment Management Ltd. since 2012. He manages an AuM Rs. 6,102 Crore invested in two schemes: L&T Midcap Fund – Growth and Dividend.

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.

3. Mr. Venugopal Manghat

Mr. Venugopal Manghat is currently serving as the Co-Head of Equities at L&T Investment Management Ltd. since 2012. He manages an AuM of Rs. 10,574 Crore invested in 18 schemes like L&T India Large Cap Fund, L&T Business Cycles Fund, L&T India Value Fund, L&T Conservative Hybrid Fund, L&T Equity Savings Fund, L&T Arbitrage Opportunities Fund, etc.

He was initially a member and Equity Research Analyst at the Mumbai Stock Exchange in 1993. His primary role was to identify investment opportunities in numerous industries. In 1995, he joined Tata Asset Management Ltd, where he held several positions like Management Trainee, Member of the Senior Management Team, Head of Research, Co-Head of Equities, and Portfolio Manager before moving to L&T Mutual Fund.

Mr. Manghat holds a B.Sc degree in Mathematics and is an MBA degree in Finance. He has also cleared the certification level of BSE Institute.

4. Mr. Jalpan Shah

Mr. Jalpan Shah is currently the Portfolio Manager of Fixed Income at L&T Investment Management Ltd. since 2012. He manages an AuM of Rs. 28,847 Crore with 44 schemes like L&T Gilt Fund, L&T Flexi Bond Fund, L&T Money Market Fund, L&T Banking and PSU Debt Fund, L&T Short Term Bond Fund, L&T Ultra Short Term Fund, L&T Triple Ace Bond, L&T Liquid Plan, L&T Cash Fund, L&T Dynamic Equity Fund, L&T Conservative Hybrid Fund, L&T Arbitrage Opportunities Fund, L&T Arbitrage Opportunities Fund, etc.

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 also has an MBA degree in Finance from T. A. Pai Management Institute.

5. Mr. Vikas Garg

Mr. Vikas Garg is the Portfolio Manager of Fixed Income at L&T Mutual Fund since 2017. He initially joined as the Head of Credit Research at the same firm in 2014.

Mr. Garg manages an AuM of Rs. 11,739 Crore invested in 16 schemes like L&T Money Market Fund, L&T Ultra Short Term Fund, L&T Low Duration Fund, L&T Resurgent India Bond Fund, L&T Credit Risk Fund, L&T Money Market Fund, etc.

Earlier, he was a Project Engineer in Indian Oil Corporation Ltd. in 2003. He joined ICRA as a Senior Analyst in 2007. In 2010, he moved to Fidelity International as a Research Associate of Credit.

Mr. Garg holds a B.Tech and M.Tech degree in Chemical Engineering from IIT Delhi. He also holds an MBA degree from XLRI Jamshedpur. He has also cleared Level III of CFA from the CFA Institute.

6. Mr. Shriram Ramanathan

Mr. Shriram Ramanathan is the Head of Investments for Fixed Income and a Fund Manager at L&T Mutual Fund since 2012. He currently manages an AuM of Rs. 37,375 invested in 32 schemes like L&T Gilt Fund, L&T Flexi Bond Fund, L&T Banking and PSU Debt Fund, L&T Banking and PSU Debt Fund, L&T Triple Ace Bond, L&T Low Duration Fund, L&T Resurgent India Bond, L&T Liquid Plan, L&T Cash Fund, L&T Short Term Bond Fund, L&T Hybrid Equity Fund, etc.

He worked for L&T in the switchgear design department back in 1997. In 2000, he joined ICICI Bank in its Treasury Department. A year later, he moved to Zurich Asset Management Company (India) Private Ltd. as a Dealer and Researcher of Fixed Income. In 2003, he became the Portfolio Manager of Fixed Income at ING Investment Management (India) Private Ltd. Two years later, he joined ING Investment Management Asia Pacific (Hong Kong) Ltd. as a Senior Investment Manager of Global Emerging Market Debt (Asia). He moved to FIL Fund Management Private Ltd. as a Portfolio Manager of Fixed Income in 2009.

Mr. Ramanathan holds an Electrical Engineering degree and a MBA degree from XLRI Jamshedpur. He is also a Chartered Financial Analyst.

Let's have a closer look

Now let us jump and check about these top 10 mutual fund schemes.

L&T Infrastructure Fund Direct Growth

Fund Performance: This fund has consistently performed above the benchmark in Sectoral/Thematic segment. It has given a commendable 7.68% annual returns in the last three years. In the previous year, it delivered 0.84% returns.

Why to invest: This fund has performed better than other funds in the same category. The minimum SIP investment amount required to invest in this scheme is ₹500. It is one of most notable Equity mutual funds in India.

Min Investment Amt₹NaN
AUM1,766Cr
1Y Returns0.8%

L&T Midcap Fund Direct Growth

Fund Performance: This fund has consistently performed above the benchmark in Mid Cap segment. It has given a commendable 7.22% annual returns in the last three years. In the previous year, it delivered 2.81% returns.

Why to invest: This fund has performed better than other funds in the same category. The minimum SIP investment amount required to invest in this scheme is ₹500. It is one of most notable Equity mutual funds in India.

Min Investment Amt₹NaN
AUM5,380Cr
1Y Returns2.8%

L&T Money Market Fund Direct Growth

Fund Performance: This fund has consistently performed above the benchmark in Money Market segment. It has given a commendable 8.34% annual returns in the last three years. In the previous year, it delivered 9.31% returns.

Why to invest: This fund has performed better than other funds in the same category. The minimum SIP investment amount required to invest in this scheme is ₹1,000. It is one of most notable Debt mutual funds in India.

Min Investment Amt₹NaN
AUM650Cr
1Y Returns9.3%

L&T India Value Fund Direct Growth

Fund Performance: This fund has consistently performed above the benchmark in Value segment. It has given a commendable 6.46% annual returns in the last three years. In the previous year, it delivered 5.41% returns.

Why to invest: This fund has performed better than other funds in the same category. The minimum SIP investment amount required to invest in this scheme is ₹500. It is one of most notable Equity mutual funds in India.

Min Investment Amt₹NaN
AUM7,853Cr
1Y Returns5.4%

L&T Flexi Bond Fund Direct Growth

Fund Performance: This fund has consistently performed above the benchmark in Dynamic segment. It has given a commendable 7.43% annual returns in the last three years. In the previous year, it delivered 12.86% returns.

Why to invest: This fund has performed better than other funds in the same category. The minimum SIP investment amount required to invest in this scheme is ₹1,000. It is one of most notable Debt mutual funds in India.

Min Investment Amt₹NaN
AUM58Cr
1Y Returns12.9%

L&T Emerging Businesses Fund Direct Growth

Fund Performance: This fund has consistently performed above the benchmark in Small Cap segment. It has given a commendable 6.72% annual returns in the last three years. In the previous year, it delivered -6.45% returns.

Why to invest: This fund has performed better than other funds in the same category. The minimum SIP investment amount required to invest in this scheme is ₹500. It is one of most notable Equity mutual funds in India.

Min Investment Amt₹NaN
AUM5,985Cr
1Y Returns-6.5%

L&T Focused Equity Fund Direct Growth

Fund Performance: This fund has consistently performed above the benchmark in Diversified segment. It has given a commendable NA annual returns in the last three years. In the previous year, it delivered NA returns.

Why to invest: This fund has performed better than other funds in the same category. The minimum SIP investment amount required to invest in this scheme is ₹500. It is one of most notable Equity mutual funds in India.

Min Investment Amt₹NaN
AUM665Cr
1Y ReturnsNA

L&T Large and Midcap Fund Direct Growth

Fund Performance: This fund has consistently performed above the benchmark in Large & Mid Cap segment. It has given a commendable 7.11% annual returns in the last three years. In the previous year, it delivered 6.12% returns.

Why to invest: This fund has performed better than other funds in the same category. The minimum SIP investment amount required to invest in this scheme is ₹500. It is one of most notable Equity mutual funds in India.

Min Investment Amt₹NaN
AUM1,341Cr
1Y Returns6.1%

L&T Liquid Plan Direct Growth

Fund Performance: This fund has consistently performed above the benchmark in Liquid segment. It has given a commendable 7.04% annual returns in the last three years. In the previous year, it delivered 7.05% returns.

Why to invest: This fund has performed better than other funds in the same category. The minimum SIP investment amount required to invest in this scheme is ₹1,000. It is one of most notable Debt mutual funds in India.

Min Investment Amt₹NaN
AUM9,571Cr
1Y Returns7.0%

L&T Credit Risk Fund Direct Growth

Fund Performance: This fund has consistently performed above the benchmark in Credit Risk segment. It has given a commendable 5.5% annual returns in the last three years. In the previous year, it delivered 3.12% returns.

Why to invest: This fund has performed better than other funds in the same category. The minimum SIP investment amount required to invest in this scheme is ₹1,000. It is one of most notable Debt mutual funds in India.

Min Investment Amt₹NaN
AUM2,207Cr
1Y Returns3.1%

L&T Short Term Bond Fund Direct Growth

Fund Performance: This fund has consistently performed above the benchmark in Short Duration segment. It has given a commendable 7.74% annual returns in the last three years. In the previous year, it delivered 10.73% returns.

Why to invest: This fund has performed better than other funds in the same category. The minimum SIP investment amount required to invest in this scheme is ₹1,000. It is one of most notable Debt mutual funds in India.

Min Investment Amt₹NaN
AUM4,330Cr
1Y Returns10.7%

L&T Arbitrage Opportunities Fund Direct Growth

Fund Performance: This fund has consistently performed above the benchmark in Arbitrage segment. It has given a commendable 6.72% annual returns in the last three years. In the previous year, it delivered 6.68% returns.

Why to invest: This fund has performed better than other funds in the same category. The minimum SIP investment amount required to invest in this scheme is ₹500. It is one of most notable Hybrid mutual funds in India.

Min Investment Amt₹NaN
AUM798Cr
1Y Returns6.7%

L&T Conservative Hybrid Fund Direct Growth

Fund Performance: This fund has consistently performed above the benchmark in Conservative segment. It has given a commendable 6.43% annual returns in the last three years. In the previous year, it delivered 11.01% returns.

Why to invest: This fund has performed better than other funds in the same category. The minimum SIP investment amount required to invest in this scheme is ₹1,000. It is one of most notable Hybrid mutual funds in India.

Min Investment Amt₹NaN
AUM35Cr
1Y Returns11.0%

L&T Gilt Fund Direct Growth

Fund Performance: This fund has consistently performed above the benchmark in Gilt segment. It has given a commendable 7.05% annual returns in the last three years. In the previous year, it delivered 12.83% returns.

Why to invest: This fund has performed better than other funds in the same category. The minimum SIP investment amount required to invest in this scheme is ₹1,000. It is one of most notable Debt mutual funds in India.

Min Investment Amt₹NaN
AUM128Cr
1Y Returns12.8%

L&T Balanced Advantage Fund Direct Growth

Fund Performance: This fund has consistently performed above the benchmark in Balanced Advantage segment. It has given a commendable 7.37% annual returns in the last three years. In the previous year, it delivered 8.41% returns.

Why to invest: This fund has performed better than other funds in the same category. The minimum SIP investment amount required to invest in this scheme is ₹500. It is one of most notable Hybrid mutual funds in India.

Min Investment Amt₹NaN
AUM612Cr
1Y Returns8.4%

Explore all Mutual Funds on Groww

Explore Mutual Funds
ⓒ 2019 Billionbrains Garage Ventures Pvt Ltd