L&T Emerging Businesses Fund Direct Dividend is a Equity Mutual Fund Scheme launched by L&T Mutual Fund. This scheme was introduced to investors on 12 May 2014. Soumendra Nath Lahiri, Karan Desai is the Current Fund Manager of L&T Emerging Businesses Fund Direct Dividend.The fund currently has an Asset Under Management(AUM) of ₹5,606 Cr and the Latest NAV as of 30 Mar 2020 is ₹11.42.
The L&T Emerging Businesses Fund Direct Dividend is rated High risk. Minimum SIP Investment is 500. Minimum Lumpsum Investment is 5000. For units in excess of 10% of the investment,1% will be charged for redemption within 1 year..
To generate long-term capital appreciation from a diversified portfolio of predominantly equity and equity related securities, including equity derivatives, in the Indian markets with key theme focus being emerging companies (small cap stocks). The Scheme could also additionally invest in Foreign Securities. Emerging companies are businesses which are typically in the early stage of development and have the potential to grow their revenues and profits at a higher rate as compared to broader market. There is no assurance that the objective of the Scheme will be realised and the Scheme does not assure or guarantee any returns.
Returns are taxed at 15%, if you redeem before one year. After 1 year, you are required to pay LTCG tax of 10% on returns of Rs 1 lakh+ in a financial year.
Scheme Information Document(SID)
Min for First Investment
Min for Second Investment
For units in excess of 10% of the investment,1% will be charged for redemption within 1 year.