|Min SIP Amount||₹500|
|NAV||₹47.24 (25 Sep 2020)|
|Fund Started||22 May 2006|
|Fund Size||₹1,199 Cr|
|Reliance Industries Ltd.||Energy||Equity||5.0%|
|HCL Technologies Ltd.||Technology||Equity||5.0%|
|Jubilant FoodWorks Ltd.||Services||Equity||4.4%|
|HDFC Bank Ltd.||Financial||Equity||4.4%|
|ICICI Bank Ltd.||Financial||Equity||3.9%|
|Tata Consultancy Services Ltd.||Technology||Equity||3.9%|
|Torrent Pharmaceuticals Ltd.||Healthcare||Equity||3.8%|
|Abbott India Ltd.||Healthcare||Equity||3.7%|
L&T Large and Midcap Fund Growth is a Equity Mutual Fund Scheme launched by L&T Mutual Fund. This scheme was made available to investors on 22 May 2006. Soumendra Nath Lahiri, Karan Desai is the Current Fund Manager of L&T Large and Midcap Fund Growth fund.The fund currently has an Asset Under Management(AUM) of ₹1,199 Cr and the Latest NAV as of 25 Sep 2020 is ₹47.24.
The L&T Large and Midcap 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 invest in undervalued companies for long term investment with key theme focus being 'Special Situations' - these are situations that are out-of-the-ordinary and which therefore present interesting stock picking opportunities.
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.