|Min SIP Amount||₹500|
|NAV||₹198.21 (23 Jul 2021)|
|Fund Started||09 Aug 2004|
|Fund Size||₹6,726 Cr|
|Bayer CropScience Ltd.||Chemicals||Equity||3.7%|
|Sundaram Finance Ltd.||Financial||Equity||3.0%|
|Blue Dart Express Ltd.||Services||Equity||2.9%|
|Ipca Laboratories Ltd.||Healthcare||Equity||2.8%|
|Ratnamani Metals & Tubes Ltd.||Metals||Equity||2.8%|
|The Ramco Cements Ltd.||Construction||Equity||2.7%|
L&T Midcap Fund Growth is a Equity Mutual Fund Scheme launched by L&T Mutual Fund. This scheme was made available to investors on 09 Aug 2004. Soumendra Nath Lahiri, Vihang Naik is the Current Fund Manager of L&T Midcap Fund Growth fund.The fund currently has an Asset Under Management(AUM) of ₹6,726 Cr and the Latest NAV as of 23 Jul 2021 is ₹198.21.
The L&T Midcap Fund Growth is rated Very 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.
To generate capital appreciation by investing primarily in midcap stocks. The Scheme will invest primarily in companies whose market capitalization falls between the highest and the lowest constituent of the Nifty Free Float Midcap 100 Index.
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.