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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.

Top Performing Lt Mutual Funds

Fund NameCategoryRisk1Y ReturnsRatingFund Size(in Cr)
L&T Focused Equity FundEquityVery High29.9%4₹1,011
L&T Arbitrage Opportunities FundHybridLow4.6%4₹4,906
L&T Emerging Businesses FundEquityVery High72.5%3₹7,554
L&T India Value FundEquityVery High42.5%3₹8,009
L&T Hybrid Equity FundHybridVery High25.4%3₹5,367
L&T Balanced Advantage FundHybridModerate12.9%3₹2,120
L&T Conservative Hybrid FundHybridModerately High10.5%3₹38
L&T Gilt FundDebtLow to Moderate2.7%3₹258
L&T Resurgent India Bond FundDebtModerate6.5%3₹1,331
L&T Flexi Bond FundDebtLow to Moderate2.4%3₹63
L&T Banking and PSU Debt FundDebtLow to Moderate3.5%3₹4,586
L&T Short Term Bond FundDebtLow to Moderate3.6%3₹4,888
L&T Low Duration FundDebtLow to Moderate4.1%3₹1,233
L&T Ultra Short Term FundDebtLow to Moderate3.5%3₹2,362
L&T Credit Risk FundDebtModerate6.6%3₹182
View All Top Performing Lt Mutual Funds

Key information about L&T Investment Management Ltd.

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

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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 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 Focused Equity Fund Direct Growth

Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 17.1% & null%. 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₹1,011Cr
1Y Returns29.9%

L&T Arbitrage Opportunities Fund Direct Growth

Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 5.5% & 5.94%. 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₹4,906Cr
1Y Returns4.6%

L&T Emerging Businesses Fund Direct Growth

Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 21.85% & 20.46%. 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₹7,554Cr
1Y Returns72.5%

L&T India Value Fund Direct Growth

Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 18.12% & 15.44%. 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₹8,009Cr
1Y Returns42.5%

L&T Hybrid Equity Fund Direct Growth

Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 14.1% & 12.94%. 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₹5,367Cr
1Y Returns25.4%

L&T Balanced Advantage Fund Direct Growth

Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 11.11% & 10.01%. 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₹2,120Cr
1Y Returns12.9%

L&T Conservative Hybrid Fund Direct Growth

Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 9.25% & 7.42%. 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 Returns10.5%

L&T Gilt Fund Direct Growth

Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 8.77% & 6.41%. The L&T Gilt Fund comes under the Debt category of L&T Mutual Funds.

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

Min Investment Amt₹10,000
AUM₹258Cr
1Y Returns2.7%

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 8.54% & 7.21%. 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₹1,331Cr
1Y Returns6.5%

L&T Flexi Bond Fund Direct Growth

Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 8.36% & 6.5%. 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₹63Cr
1Y Returns2.4%

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 8.22% & 7.22%. 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₹4,586Cr
1Y Returns3.5%

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 8.11% & 7.29%. 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₹4,888Cr
1Y Returns3.6%

L&T Low Duration Fund Direct Growth

Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 5.95% & 6.54%. 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₹1,233Cr
1Y Returns4.1%

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 5.91% & 6.41%. 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₹2,362Cr
1Y Returns3.5%

L&T Credit Risk Fund Direct Growth

Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 5.42% & 5.83%. The L&T Credit Risk Fund comes under the Debt category of L&T Mutual Funds.

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

Min Investment Amt₹10,000
AUM₹182Cr
1Y Returns6.6%

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