L&T Midcap Fund Direct Growth-0.04%

5Groww
2.12%
1 Year Return
Equity
Mid Cap
5.0 star
6M
1Y
3Y
5Y
All

Fund Details

L&T Midcap Fund Direct Growth

RiskHigh
Min SIP Amount₹500
Expense Ratio0.75%
NAV137.81 (09 Dec 2019)
Fund Started01 Jan 2013
Fund Size5,928 Cr

Fund Overview

Quick overview of L&T Midcap Fund Direct Growth

Returns

1Y
3Y*
5Y*
Since inception*
L&T Midcap Fund Direct Growth
2.1%
9.6%
11.3%
18.3%
Category Average
0.6%
6.3%
NA
-
Rank within category
17
3
2
-
*All returns are annualized.
SIP
Lumpsum
I want to invest per month5,000
    For how many years?
    1 Year
    3 Years
    5 Years
    Estimated Value
    as per Historical Returns
    0
    with 2.1% annual returns

    Comparison

    Data not available
    Pros
    1. Risk is lower compared to the benchmark
    2. Lower expense ratio
    3. 1Y Returns are higher than the benchmark
    Cons
    1. Asset under management(AUM) is more than 5000 Crs. Returns tend to go low once AUM exceeds a certain amount
    2. Risk-adjusted returns are lower compared to the category
    3. 3Y Returns are lower than the benchmark
    4. 5Y Returns are lower than the benchmark

    Top Holdings

    NameSectorInstrument% Assets
    City Union Bank Ltd.FinancialEquity2.8%
    The Ramco Cements Ltd.ConstructionEquity2.7%
    Cholamandalam Investment & Finance Co. Ltd.FinancialEquity2.5%
    Manappuram Finance Ltd.FinancialEquity2.3%
    Emami Ltd.FMCGEquity2.3%
    Berger Paints India Ltd.ChemicalsEquity2.2%
    Shree Cement Ltd.ConstructionEquity2.1%
    Abbott India Ltd.HealthcareEquity2.1%
    ACC Ltd.ConstructionEquity2.0%
    Godrej Properties Ltd.ConstructionEquity1.9%
    See All

    Fund Managers

    addSoumendra Nath Lahiri
    Education
    Mr. Lahiri is a B.Tech and PGDM from IIM Bangalore.
    Experience
    Prior to joining L&T Mutual Fund he has worked with Canara Robeco AMC Co. Ltd., Emkay Investment Managers Ltd, Fortuna Capital, DSP Mutual Fund.
    Funds Managed
    addVihang Naik
    Education
    Mr. Naik is a CFA and TYBMS.
    Experience
    Prior to joining L&T Mutual Fund he was associated with L&T Investment Management Limited (Jul 2012-Jun 2016) as an Analyst and with MF Global Sify securities (Mar 2010-Jul 2012, Motilal Oswal Securities (May 2008-Mar 2010), SBICAP Securities (Oct 2006-Apr 2008) as Research Analyst.
    Funds Managed

    Other Details

    L&T Midcap Fund Direct Growth 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 Growth.The fund currently has an Asset Under Management(AUM) of ₹5,928 Cr and the Latest NAV as of 09 Dec 2019 is ₹137.81.

    The L&T Midcap Fund Direct Growth 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.
    Exit Load

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    About L&T Mutual Fund

    Address
    6th Floor, Brindavan, Plot No 177, CST Road, Kalina, Santacruz (E), Mumbai 400098
    Phone
    022-66554000
    Launch Date
    02 Jan 1997
    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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