|Min SIP Amount||₹500|
|NAV||₹20.49 (15 Jul 2020)|
|Fund Started||01 Jan 2013|
|Fund Size||₹5,832 Cr|
|Reliance Industries Ltd.||Energy||Equity||5.5%|
|HDFC Bank Ltd.||Financial||Equity||5.2%|
|Bharti Airtel Ltd.||Communication||Equity||5.0%|
|Kotak Mahindra Bank Ltd.||Financial||Equity||4.8%|
|ICICI Bank Ltd.||Financial||Equity||4.1%|
|Hindustan Unilever Ltd.||FMCG||Equity||3.0%|
|Ipca Laboratories Ltd.||Healthcare||Equity||2.6%|
|Tata Consultancy Services Ltd.||Technology||Equity||2.5%|
|Divi's Laboratories Ltd.||Healthcare||Equity||2.1%|
L&T Hybrid Equity Fund Direct Dividend is a Hybrid Mutual Fund Scheme launched by L&T Mutual Fund. This scheme was made available to investors on 01 Jan 2013. Soumendra Nath Lahiri, Shriram Ramanathan, Karan Desai is the Current Fund Manager of L&T Hybrid Equity Fund Direct Dividend fund.The fund currently has an Asset Under Management(AUM) of ₹5,832 Cr and the Latest NAV as of 15 Jul 2020 is ₹20.49.
The L&T Hybrid Equity Fund Direct Dividend 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 seek to generate long-term capital appreciation from a diversified portfolio of predominantly equity and equity related securities and to generate reasonable returns through a portfolio of debt and money market instruments to help generating funds in the long term to save for the cost of childrens education.
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.