L&T Resurgent India Bond Fund Direct Growth is a Debt Mutual Fund Scheme launched by L&T Mutual Fund. This scheme was introduced to investors on 02 Feb 2015. Shriram Ramanathan, Vikas Garg is the Current Fund Manager of L&T Resurgent India Bond Fund Direct Growth.The fund currently has an Asset Under Management(AUM) of ₹1,792 Cr and the Latest NAV as of 08 Nov 2019 is ₹14.72.
The L&T Resurgent India Bond Fund Direct Growth is rated Moderate risk. Minimum SIP Investment is 1000. Minimum Lumpsum Investment is 5000. Exit load of 2% if redeemed within 1 year and 1% if redeemed after 1 year but within 2 years from the date of allotment.
To seek to generate income by investing primarily in debt and money market securities of fundamentally strong corporates/companies in growth sectors which are closely associated with the resurgence of domestic economy, with a fl exibility to follow more conservative investment approach during economic downturns. There is no assurance that the objective of the Scheme will be realised and the Scheme does not assure or guarantee any returns.
Returns are taxed as per your Income Tax slab, if sold before 3 years. Negligible Tax (20% with indexation benefit) post 3 years.
Scheme Information Document(SID)
Min for First Investment
Min for Second Investment
Exit load of 2% if redeemed within 1 year and 1% if redeemed after 1 year but within 2 years from the date of allotment