Fund Details
L&T Large and Midcap Fund Direct Dividend
| Risk | Moderately High |
|---|---|
| Min SIP Amount | ₹500 |
| Expense Ratio | 1.44% |
| NAV | ₹30.09 (25 Jan 2021) |
|---|---|
| Fund Started | 01 Jan 2013 |
| Fund Size | ₹1,298 Cr |
Returns
Comparison
1. 1Y Returns are higher than the category average returns
1. Risk-adjusted returns are lower compared to the category
2. 3Y Returns are lower than the category average returns
3. 5Y Returns are lower than the category average returns
Top Holdings
| Name | Sector | Instrument | % Assets |
|---|---|---|---|
| HCL Technologies Ltd. | Technology | Equity | 6.3% |
| HDFC Bank Ltd. | Financial | Equity | 5.2% |
| Tata Consultancy Services Ltd. | Technology | Equity | 4.6% |
| Mphasis Ltd. | Technology | Equity | 4.4% |
| Reliance Industries Ltd. | Energy | Equity | 4.0% |
| Infosys Ltd. | Technology | Equity | 3.8% |
| Torrent Pharmaceuticals Ltd. | Healthcare | Equity | 3.7% |
| Abbott India Ltd. | Healthcare | Equity | 3.3% |
| Jubilant FoodWorks Ltd. | Services | Equity | 3.3% |
| Pfizer Ltd. | Healthcare | Equity | 3.0% |
Fund Managers
L&T Large and Midcap Fund Direct Dividend Details
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.
Investment Objective
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.
Tax Implications
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.
