Name: L&T Midcap Fund Direct Growth
Brand: L&T Mutual Fund

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L&T Midcap Fund Direct Growth
Equity
Mid Cap
Very High Risk
51.06%
1Y return
-1.26% 1D
1M
6M
1Y
3Y
5Y
All
 NAV: 17 Sep 2021₹226.72
Min. SIP amount₹500
Rating3star
Fund size₹6,947.93 Cr
Understand termsAnnualised returnsAverage of the yearly returns of a mutual fund over a given period.
Absolute returnsThe total return of a mutual fund over a given period.
Returns and rankingsCategory: Equity Mid Cap
Annualised returns
Absolute returns
1Y3Y5YAll
Fund returns51.1%15.7%16.7%21.0%
Category average72.8%17.0%15.6%NA
Rank with in category262111NA
Understand termsinfo
Holdings (54)NameSectorInstrumentAssets
Mphasis Ltd.
TechnologyEquity5.3%
Emami Ltd.
FMCGEquity5.1%
Bayer CropScience Ltd.
ChemicalsEquity3.7%
Birlasoft Ltd.
TechnologyEquity3.0%
Sundaram Finance Ltd.
FinancialEquity3.0%
Blue Dart Express Ltd.
ServicesEquity2.9%
Atul Ltd.
ChemicalsEquity2.8%
Ipca Laboratories Ltd.
HealthcareEquity2.8%
Ratnamani Metals & Tubes Ltd.
MetalsEquity2.8%
The Ramco Cements Ltd.
ConstructionEquity2.7%
See All
DisclaimerThis content is derived from publicly available information, internal sources, and other third-party sources believed to be reliable. We, at Nextbillion Technology Pvt. Ltd. (Groww), do not guarantee the accuracy of such information, or assure its completeness, or warrant that such information will not be changed.
All comparisons are done with the category average metrics for this category.
Pros and consinfo
Category: Equity Mid Cap
thumb_up_altPros
Lower expense ratio - 0.69%
5Y Returns are higher than the category average returns
thumb_down_altCons
Asset under management(AUM) is more than 5000 Crs. Returns tend to go low once AUM exceeds a certain amount
1Y Returns are lower than the category average returns
3Y Returns are lower than the category average returns
Understand termsExpense ratioA fee payable to a mutual fund house for managing your mutual fund investments. It is the total percentage of a company’s fund assets used for administrative, management, advertising, and other expenses.
TaxA percentage of your capital gains payable to the government upon exiting your mutual fund investments. Taxation is categorized as long-term capital gains (LTCG) and short-term capital gains (STCG) depending on your holding period and the type of fund.
Exit loadA fee payable to a mutual fund house for exiting a fund (fully or partially) before the completion of a specified period from the date of investment.
Stamp dutyA form of tax payable for the purchase or sale of an asset or security. 
Past expense ratio & exit load
Expense ratio
Exit load
31 Aug 2021 - Present
0.69%
31 Jul 2021 - 31 Aug 2021
0.69%
30 Jun 2021 - 31 Jul 2021
0.71%
31 May 2021 - 30 Jun 2021
0.71%
30 Apr 2021 - 31 May 2021
0.70%
31 Mar 2021 - 30 Apr 2021
0.76%
28 Feb 2021 - 31 Mar 2021
0.77%
31 Jan 2021 - 28 Feb 2021
0.79%
31 Dec 2020 - 31 Jan 2021
0.77%
30 Nov 2020 - 31 Dec 2020
0.77%
31 Oct 2020 - 30 Nov 2020
0.74%
30 Sep 2020 - 31 Oct 2020
0.73%
31 Aug 2020 - 30 Sep 2020
0.74%
31 Jul 2020 - 31 Aug 2020
0.74%
30 Jun 2020 - 31 Jul 2020
0.75%
31 May 2020 - 30 Jun 2020
0.73%
30 Apr 2020 - 31 May 2020
0.73%
31 Mar 2020 - 30 Apr 2020
0.70%
29 Feb 2020 - 31 Mar 2020
0.65%
31 Jan 2020 - 29 Feb 2020
0.63%
31 Dec 2019 - 31 Jan 2020
0.65%
30 Nov 2019 - 31 Dec 2019
0.75%
31 Oct 2019 - 30 Nov 2019
0.75%
30 Sep 2019 - 31 Oct 2019
0.81%
31 Aug 2019 - 30 Sep 2019
0.83%
31 Jul 2019 - 31 Aug 2019
0.83%
30 Jun 2019 - 31 Jul 2019
0.83%
31 May 2019 - 30 Jun 2019
0.92%
30 Apr 2019 - 31 May 2019
0.92%
31 Mar 2019 - 30 Apr 2019
0.92%
28 Feb 2019 - 31 Mar 2019
0.93%
31 Jan 2019 - 28 Feb 2019
0.93%
31 Dec 2018 - 31 Jan 2019
1.01%
30 Nov 2018 - 31 Dec 2018
1.02%
31 Oct 2018 - 30 Nov 2018
1.49%
30 Sep 2018 - 31 Oct 2018
1.49%
31 Aug 2018 - 30 Sep 2018
1.49%
31 Jul 2018 - 31 Aug 2018
1.53%
30 Jun 2018 - 31 Jul 2018
1.40%
31 May 2018 - 30 Jun 2018
1.46%
30 Apr 2018 - 31 May 2018
1.46%
31 Mar 2018 - 30 Apr 2018
1.54%
28 Feb 2018 - 31 Mar 2018
1.55%
31 Jan 2018 - 28 Feb 2018
1.56%
31 Dec 2017 - 31 Jan 2018
1.58%
30 Nov 2017 - 31 Dec 2017
1.66%
31 Oct 2017 - 30 Nov 2017
1.61%
Expense ratio, exit load and taxExpense ratio: 0.69%Inclusive of GST
Exit loadFor units in excess of 10% of the investment, 1% will be charged for redemption within 1 year.
Stamp duty0.005% (from July 1st, 2020)
Tax implicationReturns 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 termsinfo
Check past data
Minimum investment amountsMin. for 1st investment₹5,000
Min. for 2nd investment onwards₹1,000
Min. for SIP₹500
Fund managementVenugopal Manghat
Dec 2019 - Present
View details
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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.
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Vihang Naik
Jun 2016 - Present
View details
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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
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L&T Emerging Opportunities Fund Series I Regular IDCW
L&T Emerging Opportunities Fund Series II Regular IDCW
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Fund house & investment objective
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L&T Mutual Fund
Rank (total assets)#12 in India
Total AUM71,233.36 Cr
Date of Incorporation03 Jan 1997
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 03 Jan 1997. 
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 03 Jan 1997. 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 ₹71,233 Cr and the Latest NAV as of 17 Sep 2021 is ₹226.72.
The L&T Midcap Fund Direct Growth is rated Very 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....Read more
Investment Objective
To generate capital appreciation by investing primarily in midcap stocks. The Scheme will invest primarily in companies whose market capitalization fa
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.
...Read more
Fund benchmarkNIFTY Midcap 100 TRI
descriptionScheme Information Document(SID)
Fund house contact details
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Address
6th Floor, Brindavan, Plot No 177, CST Road, Kalina, Santacruz (E), Mumbai 400098
Phone
022-66554000
Launch Date
03 Jan 1997
E-mail
[email protected]
Website
NA
L&T Mutual Fund
Asset Management Company
Custodian
Citibank NA
Registrar & Transfer Agent
Cams
Address
7th Floor, Tower II, Rayala Towers, 158, Anna Salai,
Email
[email protected]
Website
www.camsonline.com
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	1Y	3Y	5Y	All
Fund returns	51.1%	15.7%	16.7%	21.0%
Category average	72.8%	17.0%	15.6%	NA
Rank with in category	26	21	11	NA

Name	Sector	Instrument	Assets
Mphasis Ltd.	Technology	Equity	5.3%
Emami Ltd.	FMCG	Equity	5.1%
Bayer CropScience Ltd.	Chemicals	Equity	3.7%
Birlasoft Ltd.	Technology	Equity	3.0%
Sundaram Finance Ltd.	Financial	Equity	3.0%
Blue Dart Express Ltd.	Services	Equity	2.9%
Atul Ltd.	Chemicals	Equity	2.8%
Ipca Laboratories Ltd.	Healthcare	Equity	2.8%
Ratnamani Metals & Tubes Ltd.	Metals	Equity	2.8%
The Ramco Cements Ltd.	Construction	Equity	2.7%

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

Rating	3
Fund size	₹6,947.93 Cr