|Min SIP Amount||₹500|
|NAV||₹35.20 (23 Jul 2021)|
|Fund Started||07 Feb 2011|
|Fund Size||₹5,387 Cr|
|ICICI Bank Ltd.||Financial||Equity||8.7%|
|HDFC Bank Ltd.||Financial||Equity||5.8%|
|Reliance Industries Ltd.||Energy||Equity||3.6%|
|State Bank of India||Financial||Equity||3.2%|
|Larsen & Toubro Ltd.||Construction||Equity||3.0%|
|The Ramco Cements Ltd.||Construction||Equity||2.7%|
|Sun Pharmaceutical Industries Ltd.||Healthcare||Equity||2.3%|
L&T Hybrid Equity Fund Growth is a Hybrid Mutual Fund Scheme launched by L&T Mutual Fund. This scheme was made available to investors on 07 Feb 2011. Soumendra Nath Lahiri, Shriram Ramanathan, Karan Desai is the Current Fund Manager of L&T Hybrid Equity Fund Growth fund.The fund currently has an Asset Under Management(AUM) of ₹5,387 Cr and the Latest NAV as of 23 Jul 2021 is ₹35.20.
The L&T Hybrid Equity Fund Growth is rated Very High risk. Minimum SIP Investment is set to 500. Minimum Lumpsum Investment is 5000. Exit load of 1% if units in excess of 10% are redeemed or switched-out within 1 year
The scheme seeks to generate long-term capital appreciation from a diversified portfolio of predominantly equity and equity related securities and to generate reasonable returns through a portfolio of debt and money market instruments to help generating funds in the long term to save for the cost of children's education.
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.