|Min SIP Amount||₹500|
|NAV||₹30.09 (25 Jan 2021)|
|Fund Started||01 Jan 2013|
|Fund Size||₹1,298 Cr|
|HCL Technologies Ltd.||Technology||Equity||6.3%|
|HDFC Bank Ltd.||Financial||Equity||5.2%|
|Tata Consultancy Services Ltd.||Technology||Equity||4.6%|
|Reliance Industries Ltd.||Energy||Equity||4.0%|
|Torrent Pharmaceuticals Ltd.||Healthcare||Equity||3.7%|
|Abbott India Ltd.||Healthcare||Equity||3.3%|
|Jubilant FoodWorks Ltd.||Services||Equity||3.3%|
L&T Large and Midcap Fund Direct Dividend 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 Large and Midcap Fund Direct Dividend fund.The fund currently has an Asset Under Management(AUM) of ₹1,298 Cr and the Latest NAV as of 25 Jan 2021 is ₹30.09.
The L&T Large and Midcap Fund Direct Dividend 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 invest in undervalued companies for long term investment with key theme focus being 'Special Situations' - these are situations that are out-of-the-ordinary and which therefore present interesting stock picking opportunities.
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.