L&T Equity Savings Fund Growth is a Hybrid Mutual Fund Scheme launched by L&T Mutual Fund. This scheme was introduced to investors on 18 Oct 2011. Venugopal Manghat, Jalpan Shah, Praveen Ayathan is the Current Fund Manager of L&T Equity Savings Fund Growth.The fund currently has an Asset Under Management(AUM) of ₹129 Cr and the Latest NAV as of 21 Nov 2019 is ₹17.71.
The L&T Equity Savings Fund Growth is rated Moderately High risk. Minimum SIP Investment is 500. Minimum Lumpsum Investment is 5000. Exit load of 1% if units in excess of 10% are redeemed or switched-out within 1 year.
To generate regular income by predominantly investing in arbitrage opportunities in the cash and derivatives segments of the equity markets and debt and money market instruments and to generate long-term capital appreciation through unhedged exposure to equity and equity related instruments.
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)
Min for First Investment
Min for Second Investment
Exit load of 1% if units in excess of 10% are redeemed or switched-out within 1 year