L&T 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, Vihang Naik is the Current Fund Manager of L&T Midcap Fund Direct Dividend fund.The fund currently has an Asset Under Management(AUM) of ₹5,367 Cr and the Latest NAV as of 29 May 2020 is ₹34.75.
The L&T Midcap Fund Direct Dividend is rated 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.
Aims to generate long term capital appreciation by investing primarily in mid-cap stocks that have market capitalization between Rs. 300 Crore to Rs. 3000 Crore.
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.
Scheme Information Document(SID)
Min for First Investment
Min for Second Investment
For units in excess of 10% of the investment, 1% will be charged for redemption within 1 year.