|Min SIP Amount||Not Supported|
|NAV||₹12.25 (22 Jan 2021)|
|Fund Started||18 Oct 2011|
|Fund Size||₹73 Cr|
|HDFC Bank Ltd.||Financial||Fixed Deposits||14.4%|
|ICICI Bank Ltd.||Financial||Equity||8.9%|
|Reliance Industries Ltd.||Energy||Equity||4.5%|
|HDFC Bank Ltd.||Financial||Equity||4.1%|
|Amba River Coke Ltd.||Others||NCD||2.8%|
|Steel Authority Of India Ltd.||Metals||Equity||2.5%|
|Indiabulls Housing Finance Ltd.||Financial||Equity||2.1%|
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 ₹73 Cr and the Latest NAV as of 22 Jan 2021 is ₹12.25.
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
The scheme seeks 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.