Top 10 Lt Mutual Funds

Fund NameCategoryRisk1Y ReturnsRatingFund Size(in Cr)
Franklin India Low Duration FundDebtModerate9.2%5star6,296
L&T Infrastructure FundEquityHigh-14.3%5star1,645
Axis Long Term Equity FundEquityModerately High-1.1%5star19,236
DSP BlackRock Natural Resources & New Energy FundEquityHigh-11.9%5star336
L&T Midcap FundEquityHigh-13.2%5star4,905
UTI Transportation and Logistics FundEquityHigh-28.1%5star1,217
Kotak Low Duration FundDebtModerate9.2%5star4,758
Mahindra ALP-Samay Bachat YojanaDebtModerately Low9.2%5star337
Axis Long Term Equity FundEquityModerately High-1.7%5star19,236
L&T Midcap FundEquityHigh-12.0%5star4,905
DSP BlackRock Natural Resources & New Energy FundEquityHigh-14.9%5star336
Motilal Oswal Long Term Equity FundEquityModerately High-7.1%5star1,389
Franklin India Low Duration FundDebtModerate9.3%5star6,296
LIC MF Banking & PSU Debt FundDebtModerate11.8%5star861
Aditya Birla Sun Life Low DurationDebtModerately Low9.7%5star9,170
View All Top 10 Lt Mutual Funds

Best L&T Debt Mutual Funds

L&T Mutual Fund offers a bouquet of mutual fund schemes for investors of various investing ideologies. It is one of the pioneering asset management companies of India that has made a mark of its own in the financial industry. L&T Investment Management Limited is the Asset Management Company for all L&T Mutual Fund schemes.

The fund was launched on 3rd January 1997 and as of June 2018, it has an asset under management of Rs.71118.29 crores. Being a well-known brand in India, this AMC maintains a reputation to giving consistent returns to investors and has funds performing brilliantly across different categories.

Over the last twenty one years, this fund has put investor needs to the forefront and will continue to do so in the future as well.

Equity Savings Fund typically invests the total capital in three segments- pure equity, arbitrage and debt funds. Generally, one-third of the total capital in pure equity, one-third in debt funds and the balance in arbitrage funds. However, the composition varies from fund to fund. The equity component can vary from 20-40% approx and depends on the type of mutual fund.

These funds outperform debt funds over taxation and treated as equity funds for taxation. If sold before a year, short term capital gains are taxed at 15% and if sold after a year, no tax is levied on the gains.

Purpose: Invest here for your longer duration to get higher returns than debt funds.

If you are saving for very short-term goals like a vacation or buying an automobile, then this category is ideal for gains within one year. It is also an excellent resort to park your money until you decide where to invest or spend next. Returns are taxed as per your income tax slab if sold before three years and have negligible tax post that period.

Purpose: Invest here for your short term goals like a vacation, buying a bike, jewelry or expensive gadget.

Let's have a closer look

Now let us jump and check about these top 10 mutual fund schemes.

Franklin India Low Duration Direct Plan Dividend Monthly

Fund Performance: This fund has consistently beaten its benchmark in Low Duration segment and provided 8.82% annualized returns in the last 3 years. In the last 1 year, it gave 9.23% returns.

Why to invest: The fund has consistently beaten other funds in same category along with its benchmark and provided 9.23% returns in the last 1 year. Minimum lump sum investment amount for this scheme is ₹NaN. Minimum SIP investment amount for this scheme is ₹500. This is one of the best Debt mutual fund in India.

Launch Date
Min Investment Amt₹NaN
AUM6,296Cr
1Y Returns9.2%

L&T Infrastructure Fund Direct Growth

Fund Performance: This fund has consistently beaten its benchmark in Sectoral/Thematic segment and provided 6.81% annualized returns in the last 3 years. In the last 1 year, it gave -14.25% returns.

Why to invest: The fund has consistently beaten other funds in same category along with its benchmark and provided -14.25% returns in the last 1 year. Minimum lump sum investment amount for this scheme is ₹NaN. Minimum SIP investment amount for this scheme is ₹500. This is one of the best Equity mutual fund in India.

Launch Date
Min Investment Amt₹NaN
AUM1,645Cr
1Y Returns-14.3%

Axis Long Term Equity Direct Plan Dividend

Fund Performance: This fund has consistently beaten its benchmark in ELSS segment and provided 11.04% annualized returns in the last 3 years. In the last 1 year, it gave -1.09% returns.

Why to invest: The fund has consistently beaten other funds in same category along with its benchmark and provided -1.09% returns in the last 1 year. Minimum lump sum investment amount for this scheme is ₹NaN. Minimum SIP investment amount for this scheme is ₹500. This is one of the best Equity mutual fund in India.

Launch Date
Min Investment Amt₹NaN
AUM19,236Cr
1Y Returns-1.1%

DSP Natural Resources and New Energy Fund Direct Plan Dividend

Fund Performance: This fund has consistently beaten its benchmark in Sectoral/Thematic segment and provided 8.81% annualized returns in the last 3 years. In the last 1 year, it gave -11.93% returns.

Why to invest: The fund has consistently beaten other funds in same category along with its benchmark and provided -11.93% returns in the last 1 year. Minimum lump sum investment amount for this scheme is ₹NaN. Minimum SIP investment amount for this scheme is ₹500. This is one of the best Equity mutual fund in India.

Launch Date
Min Investment Amt₹NaN
AUM336Cr
1Y Returns-11.9%

L&T Midcap Fund Direct Growth

Fund Performance: This fund has consistently beaten its benchmark in Mid Cap segment and provided 6.66% annualized returns in the last 3 years. In the last 1 year, it gave -13.17% returns.

Why to invest: The fund has consistently beaten other funds in same category along with its benchmark and provided -13.17% returns in the last 1 year. Minimum lump sum investment amount for this scheme is ₹NaN. Minimum SIP investment amount for this scheme is ₹500. This is one of the best Equity mutual fund in India.

Launch Date
Min Investment Amt₹NaN
AUM4,905Cr
1Y Returns-13.2%

UTI Transportation and Logistics Fund Direct Growth

Fund Performance: This fund has consistently beaten its benchmark in Sectoral/Thematic segment and provided -5.41% annualized returns in the last 3 years. In the last 1 year, it gave -28.15% returns.

Why to invest: The fund has consistently beaten other funds in same category along with its benchmark and provided -28.15% returns in the last 1 year. Minimum lump sum investment amount for this scheme is ₹NaN. Minimum SIP investment amount for this scheme is ₹500. This is one of the best Equity mutual fund in India.

Launch Date
Min Investment Amt₹NaN
AUM1,217Cr
1Y Returns-28.1%

Kotak Low Duration Fund Direct Growth

Fund Performance: This fund has consistently beaten its benchmark in Low Duration segment and provided 8.43% annualized returns in the last 3 years. In the last 1 year, it gave 9.23% returns.

Why to invest: The fund has consistently beaten other funds in same category along with its benchmark and provided 9.23% returns in the last 1 year. Minimum lump sum investment amount for this scheme is ₹NaN. Minimum SIP investment amount for this scheme is ₹1,000. This is one of the best Debt mutual fund in India.

Launch Date
Min Investment Amt₹NaN
AUM4,758Cr
1Y Returns9.2%

Mahindra Low Duration Bachat Yojana Direct Growth

Fund Performance: This fund has consistently beaten its benchmark in Ultra Short Duration segment and provided NA annualized returns in the last 3 years. In the last 1 year, it gave 9.2% returns.

Why to invest: The fund has consistently beaten other funds in same category along with its benchmark and provided 9.2% returns in the last 1 year. Minimum lump sum investment amount for this scheme is ₹NaN. Minimum SIP investment amount for this scheme is ₹500. This is one of the best Debt mutual fund in India.

Launch Date
Min Investment Amt₹NaN
AUM337Cr
1Y Returns9.2%

Axis Long Term Equity Direct Plan Growth

Fund Performance: This fund has consistently beaten its benchmark in ELSS segment and provided 10.43% annualized returns in the last 3 years. In the last 1 year, it gave -1.69% returns.

Why to invest: The fund has consistently beaten other funds in same category along with its benchmark and provided -1.69% returns in the last 1 year. Minimum lump sum investment amount for this scheme is ₹NaN. Minimum SIP investment amount for this scheme is ₹500. This is one of the best Equity mutual fund in India.

Launch Date
Min Investment Amt₹NaN
AUM19,236Cr
1Y Returns-1.7%

L&T Midcap Fund Direct Dividend

Fund Performance: This fund has consistently beaten its benchmark in Mid Cap segment and provided 7.34% annualized returns in the last 3 years. In the last 1 year, it gave -12.03% returns.

Why to invest: The fund has consistently beaten other funds in same category along with its benchmark and provided -12.03% returns in the last 1 year. Minimum lump sum investment amount for this scheme is ₹NaN. Minimum SIP investment amount for this scheme is ₹500. This is one of the best Equity mutual fund in India.

Launch Date
Min Investment Amt₹NaN
AUM4,905Cr
1Y Returns-12.0%

DSP Natural Resources and New Energy Fund Direct Plan Growth

Fund Performance: This fund has consistently beaten its benchmark in Sectoral/Thematic segment and provided 8.23% annualized returns in the last 3 years. In the last 1 year, it gave -14.87% returns.

Why to invest: The fund has consistently beaten other funds in same category along with its benchmark and provided -14.87% returns in the last 1 year. Minimum lump sum investment amount for this scheme is ₹NaN. Minimum SIP investment amount for this scheme is ₹500. This is one of the best Equity mutual fund in India.

Launch Date
Min Investment Amt₹NaN
AUM336Cr
1Y Returns-14.9%

Motilal Oswal Long Term Equity Fund Direct Growth

Fund Performance: This fund has consistently beaten its benchmark in ELSS segment and provided 9.39% annualized returns in the last 3 years. In the last 1 year, it gave -7.1% returns.

Why to invest: The fund has consistently beaten other funds in same category along with its benchmark and provided -7.1% returns in the last 1 year. Minimum lump sum investment amount for this scheme is ₹NaN. Minimum SIP investment amount for this scheme is ₹500. This is one of the best Equity mutual fund in India.

Launch Date
Min Investment Amt₹NaN
AUM1,389Cr
1Y Returns-7.1%

Franklin India Low Duration Direct Plan Growth

Fund Performance: This fund has consistently beaten its benchmark in Low Duration segment and provided 8.81% annualized returns in the last 3 years. In the last 1 year, it gave 9.27% returns.

Why to invest: The fund has consistently beaten other funds in same category along with its benchmark and provided 9.27% returns in the last 1 year. Minimum lump sum investment amount for this scheme is ₹NaN. Minimum SIP investment amount for this scheme is ₹500. This is one of the best Debt mutual fund in India.

Launch Date
Min Investment Amt₹NaN
AUM6,296Cr
1Y Returns9.3%

LIC MF Banking & PSU Debt Fund Direct Growth

Fund Performance: This fund has consistently beaten its benchmark in Banking & PSU segment and provided 8.41% annualized returns in the last 3 years. In the last 1 year, it gave 11.78% returns.

Why to invest: The fund has consistently beaten other funds in same category along with its benchmark and provided 11.78% returns in the last 1 year. Minimum lump sum investment amount for this scheme is ₹NaN. Minimum SIP investment amount for this scheme is ₹1,000. This is one of the best Debt mutual fund in India.

Launch Date
Min Investment Amt₹NaN
AUM861Cr
1Y Returns11.8%

Aditya Birla Sun Life Low Duration Fund Direct Growth

Fund Performance: This fund has consistently beaten its benchmark in Low Duration segment and provided 8.22% annualized returns in the last 3 years. In the last 1 year, it gave 9.73% returns.

Why to invest: The fund has consistently beaten other funds in same category along with its benchmark and provided 9.73% returns in the last 1 year. Minimum lump sum investment amount for this scheme is ₹NaN. Minimum SIP investment amount for this scheme is ₹100. This is one of the best Debt mutual fund in India.

Launch Date
Min Investment Amt₹NaN
AUM9,170Cr
1Y Returns9.7%

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What does investing in L&T Debt Mutual Funds actually mean?

Suppose a mutual fund invests in ten stocks and total current market value of these stocks is 1.1 Crore. Out of this, the AMC deducts say, 0.1 Crore for operating the fund (this is known as the expense ratio). So the net value is 1 crore. Now the AMC will divide this 1 Crore into say, 10,000 parts. These parts are known as units. The cost of one unit is 1Cr/10,000 = Rs. 1000. This is known as the Net Asset Value (NAV) of the mutual fund. Suppose the AMC has set a minimum investment requirement of Rs. 500. Then if you pay Rs. 500, you will get 0.5 units of the fund. Remember that the cost of one unit is the cost when you made the purchase. Suppose after one year, the NAV has fallen to Rs. 700 per unit and you wish to exit the fund (also known as redemption), then you sell your 0.5 units back to the AMC and get 0.5 x Rs. 700 = Rs. 350 back. Yes, you invested Rs. 500 and got back Rs. 350 – a loss of 150 over a year. The point is, that you buy units at current NAV and sell units (fully or partially) at current NAV. This is what investing in mutual fund actually means.

How to invest in L&T Mutual Funds on Groww?

One of the best ways to hedge against the small-cap volatility is to adopt a phased approach, also known as Systematic Investment Plan (SIP) approach. We are sure that you must be aware of SIP and its benefits. Buying in small quantity but buying regularly provides you with faster growth. On Groww.in, all transactions to and from AMC is done via BSE. When you decide to invest in a large cap mutual fund of your choice, you choose that mutual fund on the website and click ‘invest’. Following that, you are redirected to the BSE page where you make the payment. BSE then directs your money to the AMC managing your mutual fund. To be assured at your end, you can visit the individual AMC website after the payment. You would be able to see all your purchased units against your folio number.

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