|Min SIP Amount||₹500|
|NAV||₹104.60 (20 Jan 2021)|
|Fund Started||01 Jan 2013|
|Fund Size||₹2,600 Cr|
|HDFC Bank Ltd.||Financial||Equity||6.3%|
|Reliance Industries Ltd.||Energy||Equity||5.0%|
|ICICI Bank Ltd.||Financial||Equity||4.9%|
|HCL Technologies Ltd.||Technology||Equity||4.8%|
|Tata Consultancy Services Ltd.||Technology||Equity||4.4%|
|Housing Development Finance Corpn. Ltd.||Financial||Equity||4.0%|
|Kotak Mahindra Bank Ltd.||Financial||Equity||3.3%|
|The Ramco Cements Ltd.||Construction||Equity||2.9%|
|Dishman Carbogen Amcis Ltd.||Healthcare||Equity||2.8%|
L&T Equity Fund Direct Growth 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 Equity Fund Direct Growth fund.The fund currently has an Asset Under Management(AUM) of ₹2,600 Cr and the Latest NAV as of 20 Jan 2021 is ₹104.60.
The L&T Equity Fund Direct Growth is rated Moderately 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.