Groww Logo
SWITCH TO DIRECTHELPMUTUAL FUNDS
0% COMMISSION ON GROWW

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.

List of undefined in India

Fund NameCategoryRisk1Y ReturnsRatingFund Size(in Cr)
L&T Resurgent India Bond FundDebtModerate2.8%4₹741
L&T Arbitrage Opportunities FundHybridLow4.3%4₹3,409
L&T Emerging Businesses FundEquityVery High22.8%3₹7,996
L&T India Value FundEquityVery High9.4%3₹7,829
L&T Infrastructure FundEquityVery High15.6%3₹1,379
L&T Focused Equity FundEquityVery High2.4%3₹978
L&T Hybrid Equity FundHybridVery High1.3%3₹5,020
L&T Balanced Advantage FundHybridModerately High3.3%3₹2,021
L&T Conservative Hybrid FundHybridModerately High3.1%3₹38
L&T Flexi Bond FundDebtLow to Moderate2.2%3₹56
L&T Banking and PSU Debt FundDebtModerate0.7%3₹4,378
L&T Short Term Bond FundDebtLow to Moderate2.2%3₹4,025
L&T Ultra Short Term FundDebtLow to Moderate3.4%3₹1,897
L&T Low Duration FundDebtLow to Moderate3.5%3₹878
L&T Overnight FundDebtLow3.4%3₹1,035
View All

Key information about L&T Investment Management Limited

Mutual fund nameL&T Mutual Fund
Asset management company nameL&T Investment Management Limited
AMC Setup Date3 January 1997
AMC Incorporation Date25 April 1996
Sponsor nameL&T Finance Holdings Limited
Trustee organisationL&T Mutual Fund Trustee Limited
Name of trusteesMr. S. V. HaribhaktiMr. Jayant GokhaleMr. Shriniwas Yeshwant Joshi
MD and CEOMr. Kailash Kulkarni
CIOMr. Soumendra Nath Lahiri
Compliance OfficerMs. Ferhana Mansoor
Investor Service OfficerMr. Ankur Banthiya
Total AUM (as of end of last quarter)Rs. 77094.55 Cr.

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 ?

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 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 Resurgent India Bond Fund Direct Growth

Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 7.15% & 6.58%. The L&T Resurgent India Bond Fund comes under the Debt category of L&T Mutual Funds.

Minimum Investment Amount: Lump sum minimum amount for L&T Resurgent India Bond Fund is ₹5,000 and for SIP, it is ₹1,000.

Min Investment Amt₹5,000
AUM₹741Cr
1Y Returns2.8%

L&T Arbitrage Opportunities Fund Direct Growth

Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 5.07% & 5.73%. The L&T Arbitrage Opportunities Fund comes under the Hybrid category of L&T Mutual Funds.

Minimum Investment Amount: Lump sum minimum amount for L&T Arbitrage Opportunities Fund is ₹5,000 and for SIP, it is ₹500.

Min Investment Amt₹5,000
AUM₹3,409Cr
1Y Returns4.3%

L&T Emerging Businesses Fund Direct Growth

Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 22.79% & 13.65%. The L&T Emerging Businesses Fund comes under the Equity category of L&T Mutual Funds.

Minimum Investment Amount: Lump sum minimum amount for L&T Emerging Businesses Fund is ₹5,000 and for SIP, it is ₹500.

Min Investment Amt₹5,000
AUM₹7,996Cr
1Y Returns22.8%

L&T India Value Fund Direct Growth

Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 15.61% & 10.03%. The L&T India Value Fund comes under the Equity category of L&T Mutual Funds.

Minimum Investment Amount: Lump sum minimum amount for L&T India Value Fund is ₹5,000 and for SIP, it is ₹500.

Min Investment Amt₹5,000
AUM₹7,829Cr
1Y Returns9.4%

L&T Infrastructure Fund Direct Growth

Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 13.98% & 8.7%. The L&T Infrastructure Fund comes under the Equity category of L&T Mutual Funds.

Minimum Investment Amount: Lump sum minimum amount for L&T Infrastructure Fund is ₹5,000 and for SIP, it is ₹500.

Min Investment Amt₹5,000
AUM₹1,379Cr
1Y Returns15.6%

L&T Focused Equity Fund Direct Growth

Fund Performance: The L&T Focused Equity Fund comes under the Equity category of L&T Mutual Funds.

Minimum Investment Amount: Lump sum minimum amount for L&T Focused Equity Fund is ₹5,000 and for SIP, it is ₹500.

Min Investment Amt₹5,000
AUM₹978Cr
1Y Returns2.4%

L&T Hybrid Equity Fund Direct Growth

Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 10.42% & 7.81%. The L&T Hybrid Equity Fund comes under the Hybrid category of L&T Mutual Funds.

Minimum Investment Amount: Lump sum minimum amount for L&T Hybrid Equity Fund is ₹5,000 and for SIP, it is ₹500.

Min Investment Amt₹5,000
AUM₹5,020Cr
1Y Returns1.3%

L&T Balanced Advantage Fund Direct Growth

Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 8.67% & 7.74%. The L&T Balanced Advantage Fund comes under the Hybrid category of L&T Mutual Funds.

Minimum Investment Amount: Lump sum minimum amount for L&T Balanced Advantage Fund is ₹5,000 and for SIP, it is ₹500.

Min Investment Amt₹5,000
AUM₹2,021Cr
1Y Returns3.3%

L&T Conservative Hybrid Fund Direct Growth

Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 7.06% & 6.29%. The L&T Conservative Hybrid Fund comes under the Hybrid category of L&T Mutual Funds.

Minimum Investment Amount: Lump sum minimum amount for L&T Conservative Hybrid Fund is ₹10,000 and for SIP, it is ₹1,000.

Min Investment Amt₹10,000
AUM₹38Cr
1Y Returns3.1%

L&T Flexi Bond Fund Direct Growth

Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 6.72% & 6.68%. The L&T Flexi Bond Fund comes under the Debt category of L&T Mutual Funds.

Minimum Investment Amount: Lump sum minimum amount for L&T Flexi Bond Fund is ₹10,000 and for SIP, it is ₹1,000.

Min Investment Amt₹10,000
AUM₹56Cr
1Y Returns2.2%

L&T Banking and PSU Debt Fund Direct Growth

Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 6.65% & 6.67%. The L&T Banking and PSU Debt Fund comes under the Debt category of L&T Mutual Funds.

Minimum Investment Amount: Lump sum minimum amount for L&T Banking and PSU Debt Fund is ₹10,000 and for SIP, it is ₹1,000.

Min Investment Amt₹10,000
AUM₹4,378Cr
1Y Returns0.7%

L&T Short Term Bond Fund Direct Growth

Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 6.54% & 6.83%. The L&T Short Term Bond Fund comes under the Debt category of L&T Mutual Funds.

Minimum Investment Amount: Lump sum minimum amount for L&T Short Term Bond Fund is ₹10,000 and for SIP, it is ₹1,000.

Min Investment Amt₹10,000
AUM₹4,025Cr
1Y Returns2.2%

L&T Ultra Short Term Fund Direct Growth

Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 5.08% & 6.09%. The L&T Ultra Short Term Fund comes under the Debt category of L&T Mutual Funds.

Minimum Investment Amount: Lump sum minimum amount for L&T Ultra Short Term Fund is ₹10,000 and for SIP, it is ₹1,000.

Min Investment Amt₹10,000
AUM₹1,897Cr
1Y Returns3.4%

L&T Low Duration Fund Direct Growth

Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 5% & 6.02%. The L&T Low Duration Fund comes under the Debt category of L&T Mutual Funds.

Minimum Investment Amount: Lump sum minimum amount for L&T Low Duration Fund is ₹10,000 and for SIP, it is ₹1,000.

Min Investment Amt₹10,000
AUM₹878Cr
1Y Returns3.5%

L&T Overnight Fund Direct Growth

Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 3.75% & 4.77%. The L&T Overnight Fund comes under the Debt category of L&T Mutual Funds.

Minimum Investment Amount: Lump sum minimum amount for L&T Overnight Fund is ₹10,000 and for SIP, it is ₹1,000.

Min Investment Amt₹10,000
AUM₹1,035Cr
1Y Returns3.4%

FAQs on L&T Mutual Fund

How to Start L&T Mutual Fund SIP Online?

One can start investing in L&T Mutual Fund online through Groww without any hassles. Alternatively, they can also invest through the respective fund houses’ website. One can also make use of any other online platform or mobile application to invest in L&T Mutual Funds.

How to Calculate L&T Mutual Fund SIP?

To calculate L&T Mutual Fund SIP, one needs to take into account certain things such as:

  1. the investment amount
  2. the tenure of SIP
  3. the number of your L&T Mutual Fund SIPs (if there's any) already paid
  4. expected interest rate

How to redeem L&T Mutual Fund?

To redeem L&T Mutual Funds through offline mode, one can visit the nearest fund house and submit a form. Alternatively, an investor can also visit the official website and redeem the investment by signing in with the folio number. They can also withdraw their L&T Mutual Fund investments from any online portal where they have invested.

How to increase SIP amount in axis mutual fund?

An L&T Mutual Fund sip amount can be increased with the help of Step-up or top-up SIPs. Earlier, this facility was provided by very few fund houses. Now, however, most of them offer it but it is advisable to check with the fund house first. If the facility is available, it is advisable to check with Step-up Calculator to calculate the SIP Amount and then take any decision.

How to stop a SIP in an L&T Mutual Fund online?

Yes, you can stop your SIP online at any time by just placing a Cancel SIP request. To stop or cancel your SIP, you can either log in to the L&T Mutual Funds website with a folio number or contact your agent or check the steps on the online investment platform where you have invested.

Explore all Mutual Funds on Groww

Explore Mutual Funds
ⓒ 2016-2022 Groww. All rights reserved, Built with in India
MOST POPULAR ON GROWWVERSION - 2.3.8
STOCK MARKET INDICES:  S&P BSE SENSEX |  S&P BSE 100 |  NIFTY 100 |  NIFTY 50 |  NIFTY MIDCAP 100 |  NIFTY BANK |  NIFTY NEXT 50
MUTUAL FUNDS COMPANIES:  ICICI PRUDENTIAL |  HDFC |  NIPPON INDIA |  ADITYA BIRLA SUN LIFE |  SBI |  UTI |  FRANKLIN TEMPLETON |  KOTAK MAHINDRA |  IDFC |  DSP |  AXIS |  TATA |  L&T |  SUNDARAM |  PGIM |  INVESCO |  LIC |  JM FINANCIAL |  BARODA PIONEER |  CANARA ROBECO |  HSBC |  IDBI |  INDIABULLS |  MOTILAL OSWAL |  BNP PARIBAS |  MIRAE ASSET |  PRINCIPAL |  BOI AXA |  UNION KBC |  TAURUS |  EDELWEISS |  NAVI |  MAHINDRA |  QUANTUM |  PPFAS |  IIFL |  Quant |  SHRIRAM |  SAHARA |  ITI