Fund Details
L&T Midcap Fund Direct Growth
| Risk | High |
|---|---|
| Min SIP Amount | ₹500 |
| Expense Ratio | 0.74% |
| NAV | ₹158.25 (25 Nov 2020) |
|---|---|
| Fund Started | 01 Jan 2013 |
| Fund Size | ₹5,776 Cr |
Fund Overview
Returns
as per Historical Returns
Comparison
1. Lower expense ratio - 0.74%
2. 5Y Returns are higher than the category average returns
1. Asset under management(AUM) is more than 5000 Crs. Returns tend to go low once AUM exceeds a certain amount
2. 1Y Returns are lower than the category average returns
3. 3Y Returns are lower than the category average returns
Top Holdings
| Name | Sector | Instrument | % Assets |
|---|---|---|---|
| Mphasis Ltd. | Technology | Equity | 4.2% |
| Ipca Laboratories Ltd. | Healthcare | Equity | 4.2% |
| Bayer CropScience Ltd. | Healthcare | Equity | 3.9% |
| Emami Ltd. | FMCG | Equity | 3.8% |
| Syngene International Ltd. | Healthcare | Equity | 3.3% |
| Atul Ltd. | Chemicals | Equity | 2.6% |
| The Ramco Cements Ltd. | Construction | Equity | 2.4% |
| Coromandel International Ltd. | Chemicals | Equity | 2.3% |
| Multi Commodity Exchange India | Financial | Equity | 2.3% |
| Berger Paints India Ltd. | Chemicals | Equity | 2.3% |
Fund Managers
L&T Midcap Fund Direct Growth Details
L&T 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, Vihang Naik is the Current Fund Manager of L&T Midcap Fund Direct Growth fund.The fund currently has an Asset Under Management(AUM) of ₹5,776 Cr and the Latest NAV as of 25 Nov 2020 is ₹158.25.
The L&T Midcap Fund Direct Growth 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.
Investment Objective
To generate capital appreciation by investing primarily in midcap stocks. The Scheme will invest primarily in companies whose market capitalization falls between the highest and the lowest constituent of the Nifty Free Float Midcap 100 Index.
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.
