|Min SIP Amount||₹500|
|NAV||₹90.64 (04 Dec 2020)|
|Fund Started||16 May 2005|
|Fund Size||₹2,349 Cr|
|HCL Technologies Ltd.||Technology||Equity||5.7%|
|Reliance Industries Ltd.||Energy||Equity||5.6%|
|Tata Consultancy Services Ltd.||Technology||Equity||5.2%|
|ICICI Bank Ltd.||Financial||Equity||4.3%|
|HDFC Bank Ltd.||Financial||Equity||3.6%|
|Dishman Carbogen Amcis Ltd.||Healthcare||Equity||3.3%|
|Muthoot Finance Ltd.||Financial||Equity||2.9%|
|Kotak Mahindra Bank Ltd.||Financial||Equity||2.8%|
|The Ramco Cements Ltd.||Construction||Equity||2.8%|
L&T Equity Fund Growth is a Equity Mutual Fund Scheme launched by L&T Mutual Fund. This scheme was made available to investors on 16 May 2005. Soumendra Nath Lahiri, Karan Desai is the Current Fund Manager of L&T Equity Fund Growth fund.The fund currently has an Asset Under Management(AUM) of ₹2,349 Cr and the Latest NAV as of 04 Dec 2020 is ₹90.64.
The L&T Equity Fund Growth is rated Moderately 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.
The scheme aims to follow bottom up stock picking, without any bias for sectors or market capitalizations. The scheme will attempt to be fully invested in equities at all times, however, upto 20 per cent of its assets can be invested in cash and cash equivalents.
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.