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L&T Midcap Fund Direct IDCW

Equity
Mid Cap
Very High Risk
14.53%
3Y annualised
-0.88% 1D
1M
6M
1Y
3Y
5Y
All
NAV: 23 May 2022₹53.87
Min. SIP amount₹500
Rating2
Fund size₹6,568.62Cr

Returns and rankings

Category: Equity Mid Cap
Annualised returns
Absolute returns
1Y3Y5YAll
Fund returns4.2%14.5%10.0%18.1%
Category average72.8%17.0%15.6%NA
Rank with in category231916NA
Understand terms

Holdings (72)

NameSectorInstrumentAssets
Mphasis Ltd.TechnologyEquity4.5%
Emami Ltd.Consumer StaplesEquity3.6%
Blue Dart Express Ltd.ServicesEquity3.5%
Cummins India Ltd.Capital GoodsEquity3.3%
Ratnamani Metals & Tubes Ltd.Metals & MiningEquity3.2%
Ipca Laboratories Ltd.HealthcareEquity3.0%
Bayer CropScience Ltd.ChemicalsEquity2.9%
Cholamandalam Investment & Finance Company Ltd.FinancialEquity2.7%
Crisil Ltd.ServicesEquity2.5%
The Indian Hotels Company Ltd.ServicesEquity2.4%
See All

Pros and cons

Category: Equity Mid Cap

Pros

Lower expense ratio: 0.76%

Cons

Higher AUM: 6607Cr. Funds with a higher AUM tend to have lower returns in the future
Consistently lower annualised returns than category average for the past 1Y, 3Y and 5Y
Low rating: 2

Expense ratio, exit load and tax

Expense ratio: 0.76%

Inclusive of GST

Exit load

For units in excess of 10% of the investment, 1% will be charged for redemption within 1 year.

Stamp duty

0.005% (from July 1st, 2020)

Tax implication

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.

Understand terms
Check past data

Minimum investment amounts

Min. for 1st investment₹5,000
Min. for 2nd investment onwards₹1,000
Min. for SIP₹500

Fund management

Venugopal Manghat
Dec 2019 - Present
View details

Education
Mr. Manghat is a B.Sc (Mathematics) and MBA (Finance).
Experience
Prior to joining L&T Mutual Fund he has worked with Tata Asset Management Ltd.
Also manages these schemes

Vihang Naik
Jun 2016 - Present
View details

Education
Mr. Naik is a CFA & BMS.
Experience
Prior to joining L&T Mutual Fund, he was associated with MF Global, Motilal Oswal Securities and SBICAP Securities.
Also manages these schemes

Fund house & investment objective

Fund house contact details

Address
BrindavanPlot No. 177, CST RoadKalina, Santacruz (East) Mumbai 400098
Phone
022-66554000 / 1800-2000-400
Launch Date
25 Apr 1996
Website
NA
Amc Image
L&T Mutual Fund
Asset Management Company
Custodian
Citibank NA
Registrar & Transfer Agent
Cams
Address
7th Floor, Tower II, Rayala Towers, 158, Anna Salai,

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FAQs

How to Invest in L&T Midcap Fund Direct IDCW?

You can easily invest in L&T Midcap Fund Direct IDCW in a hassle-free manner on Groww. The process is extremely simple, quick and completely paperless. Invest in a few minutes with the following steps:

  • Log on to your Groww account
  • Search for L&T Midcap Fund Direct IDCW from the search box
  • In order to invest, you will have to complete all the KYC formalities which are completely online and paperless and take a few minutes to complete
  • Once you are done with that, you can start investing in L&T Midcap Fund Direct IDCW as SIP or lumpsum as per your investment objective and risk tolerance

What kind of returns does L&T Midcap Fund Direct IDCW provide?

The L&T Midcap Fund Direct IDCW has been there from 01 Jan 2013 and the average annual returns provided by this fund is 4.23% since its inception.

How much expense ratio is charged by L&T Midcap Fund Direct IDCW?

The term Expense Ratio used for L&T Midcap Fund Direct IDCW or any other mutual fund is the annual charges one needs to pay to the Mutual Fund company for managing your investments in that fund.

The Expense Ratio of L&T Midcap Fund Direct IDCW is 0.76% as of 24 May 2022...

What is the AUM of L&T Midcap Fund Direct IDCW?

The AUM, short for Assets Under Management of L&T Midcap Fund Direct IDCW is ₹6,568.62Cr as of 24 May 2022.

How to Redeem L&T Midcap Fund Direct IDCW?

If you want to sell your L&T Midcap Fund Direct IDCW holdings, go to your holding on the app or web and simply click on it. You will get two options - redeem & invest more; click on redeem and enter your desired amount or if you wish to redeem the entire holding amount then select the 'redeem all' checkbox.

Can I invest in SIP and Lump Sum of L&T Midcap Fund Direct IDCW?

You can select either SIP or Lumpsum investment of L&T Midcap Fund Direct IDCW based on your investment objective and risk tolerance.

What is the NAV of L&T Midcap Fund Direct IDCW?

The NAV of L&T Midcap Fund Direct IDCW is ₹53.87 as of 23 May 2022.

What is the PE and PB ratio of L&T Midcap Fund Direct IDCW?

The PE ratio ratio of L&T Midcap Fund Direct IDCW is determined by dividing the market price by its earnings per share and the PB ratio of the same is evaluated by dividing the stock price per share by its book value per share (BVPS).

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