|Min SIP Amount||₹500|
|NAV||₹35.75 (20 Apr 2021)|
|Fund Started||01 Jan 2013|
|Fund Size||₹2,611 Cr|
|HDFC Bank Ltd.||Financial||Equity||6.4%|
|ICICI Bank Ltd.||Financial||Equity||5.8%|
|Tata Consultancy Services Ltd.||Technology||Equity||5.0%|
|Reliance Industries Ltd.||Energy||Equity||4.9%|
|HCL Technologies Ltd.||Technology||Equity||4.4%|
|Housing Development Finance Corpn. Ltd.||Financial||Equity||4.2%|
|The Ramco Cements Ltd.||Construction||Equity||3.1%|
|Avenue Supermarts Ltd.||Services||Equity||2.9%|
|Kotak Mahindra Bank Ltd.||Financial||Equity||2.9%|
L&T Flexicap Fund Direct IDCW is a Equity Mutual Fund Scheme launched by L&T Mutual Fund. This scheme was made available to investors on 01 Jan 2013. Soumendra Nath Lahiri, Karan Desai is the Current Fund Manager of L&T Flexicap Fund Direct IDCW fund.The fund currently has an Asset Under Management(AUM) of ₹2,611 Cr and the Latest NAV as of 20 Apr 2021 is ₹35.75.
The L&T Flexicap Fund Direct IDCW is rated Very High risk. Minimum SIP Investment is set to 500. Minimum Lumpsum Investment is 5000. For units in excess of 10% of the investment,1% will be charged for redemption within 1 year.
The scheme aims to follow bottom up stock picking, without any bias for sectors or market capitalizations. The scheme will attempt to be fully invested in equities at all times, however, upto 20 per cent of its assets can be invested in cash and cash equivalents.
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.