L&T Midcap Fund Direct Dividend is a Equity Mutual Fund Scheme launched by L&T Mutual Fund. This scheme was introduced to investors on 01 Jan 2013. Soumendra Nath Lahiri, Vihang Naik is the Current Fund Manager of L&T Midcap Fund Direct Dividend.The fund currently has an Asset Under Management(AUM) of ₹5,831 Cr and the Latest NAV as of 11 Nov 2019 is ₹40.55.
The L&T Midcap Fund Direct Dividend is rated High risk. Minimum SIP Investment is 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
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.
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.
Scheme Information Document(SID)
₹5000
Min for First Investment
₹1000
Min for Second Investment
For units in excess of 10% of the investment, 1% will be charged for redemption within 1 year.
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