|Min SIP Amount||₹500|
|NAV||₹18.12 (15 Jul 2020)|
|Fund Started||01 Jan 2013|
|Fund Size||₹79 Cr|
|HDFC Bank Ltd.||Financial||Fixed Deposits||6.3%|
|Reliance Industries Ltd.||Energy||Equity||5.9%|
|ICICI Bank Ltd.||Financial||Equity||4.1%|
|HDFC Bank Ltd.||Financial||Equity||3.3%|
|Jindal Steel & Power Ltd.||Metals||Equity||3.2%|
|HDFC Bank Ltd.||Financial||Fixed Deposits||2.5%|
|Amba River Coke Ltd.||Others||NCD||2.4%|
|Adani Ports and Special Economic Zone Ltd.||Services||Equity||2.2%|
L&T Equity Savings Fund Direct Growth is a Hybrid Mutual Fund Scheme launched by L&T Mutual Fund. This scheme was made available to investors on 01 Jan 2013. Venugopal Manghat, Jalpan Shah, Praveen Ayathan is the Current Fund Manager of L&T Equity Savings Fund Direct Growth fund.The fund currently has an Asset Under Management(AUM) of ₹79 Cr and the Latest NAV as of 15 Jul 2020 is ₹18.12.
The L&T Equity Savings Fund Direct Growth is rated Moderately High risk. Minimum SIP Investment is set to 500. Minimum Lumpsum Investment is 5000. Exit load of 1% if units in excess of 10% are redeemed or switched-out within 1 year
To generate regular income by predominantly investing in arbitrage opportunities in the cash and derivatives segments of the equity markets and debt and money market instruments and to generate long-term capital appreciation through unhedged exposure to equity and equity related instruments.
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.