L&T Equity Savings Fund Dividend Monthly is a Hybrid Mutual Fund Scheme launched by L&T Mutual Fund. This scheme was made available to investors on 18 Oct 2011. Venugopal Manghat, Jalpan Shah, Praveen Ayathan is the Current Fund Manager of L&T Equity Savings Fund Dividend Monthly fund.The fund currently has an Asset Under Management(AUM) of ₹84 Cr and the Latest NAV as of 27 May 2020 is ₹9.87.
The L&T Equity Savings Fund Dividend Monthly is rated Moderately High risk. Minimum SIP Investment is set to 500. 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.
Scheme Information Document(SID)
Min for First Investment
Min for Second Investment
Exit load of 1% if units in excess of 10% are redeemed or switched-out within 1 year