|Min SIP Amount||₹500|
|NAV||₹45.89 (13 Jul 2020)|
|Fund Started||01 Jan 2013|
|Fund Size||₹1,104 Cr|
|HDFC Bank Ltd.||Financial||Equity||4.5%|
|Reliance Industries Ltd.||Energy||Equity||4.5%|
|HCL Technologies Ltd.||Technology||Equity||4.4%|
|Tata Consultancy Services Ltd.||Technology||Equity||3.9%|
|Jubilant FoodWorks Ltd.||Services||Equity||3.9%|
|Abbott India Ltd.||Healthcare||Equity||3.9%|
|ICICI Bank Ltd.||Financial||Equity||3.8%|
|Torrent Pharmaceuticals Ltd.||Healthcare||Equity||3.7%|
|Bharti Airtel Ltd.||Communication||Equity||3.7%|
L&T Large and Midcap Fund Direct Growth 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 Growth fund.The fund currently has an Asset Under Management(AUM) of ₹1,104 Cr and the Latest NAV as of 13 Jul 2020 is ₹45.89.
The L&T Large and Midcap Fund Direct Growth 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 investment objective of the Scheme is to generate long-term capital growth from a diversified portfolio of predominantly equity and equity-related securities including equity derivatives.
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.