Best L&T Equity Mutual Funds
L&T Investment Management Limited is one of the top 10 AMCs in India, catering to various investment needs. Founded in 1997, it has an average Assets Under Management (AUM) of Rs. 72727.95 crore as of June 2021. L&T Finance Holdings Limited, a listed company registered with RBI as an NBFC, is this AMC’s sponsor.
This company offers more than 30 mutual fund schemes, including the best L&T equity mutual funds.
Equity mutual funds invest in stocks of companies across all market capitalisations. There are several types of equity funds that depend on investment strategy, market capitalisation, tax treatment, etc. Some of these types include small-cap, mid-cap, large-cap, actively managed, passively managed, ELSS, and sectoral funds.
Mutual Funds of this type offer the highest returns than any other kind because of equity exposure as high as 95%. However, equity mutual funds are impacted by market fluctuations directly. Therefore, one should measure his/her risk-taking capacity before investing in these funds. Apart from this, equity mutual funds enable you to attain portfolio diversification as you can invest a small amount to gain exposure to various stocks.
Some more benefits of investing in this mutual fund sub-type are its flexibility and liquidity. However, it is vital to note that the advantages and disadvantages will vary depending on the type of equity mutual fund you are opting for.
Taxability
But, before you invest in the best L&T mutual funds 2022 from among the 10+ schemes it offers, check the pertinent taxability.
Short-term Capital Gains Tax: A STCGT is applicable on your gains if you redeem units of the best L&T equity mutual funds within a year of investment. You will be taxed at a flat rate of 15%, irrespective of the net profits.
Long-term Capital Gains Tax: In case you realise the capital gains after a holding period of 12 months or more, you are liable to pay an LTCGT. These gains are tax-exempt if the amount is up to Rs.1 lakh. Any amount above that mark is taxable at 10% without indexation benefits.
TDS: Tax Deducted at Source applies to dividends above Rs.5000.
Understanding the taxability of the top L&T equity mutual funds is crucial in investment and liquidation decisions. However, that’s not sufficient to informedly pick the most suitable equity mutual funds.
Factors to Consider Before Investing
To that end, here are some pointers to keep in mind before going for an equity MF.
Investment objective: Every investor has a financial goal that should be in sync with the fund’s objectives. You may want to evaluate these objectives before shortlisting the best L&T mutual fund.
Risk analysis: As mentioned already, equity funds are a highly risky investment option. Therefore, one should estimate his/her risk appetite before investing in such schemes. It is advisable to consider every aspect of the best L&T equity mutual funds as they are significantly susceptible to market risks.
Fund performance: The past performance of a fund is important to consider prior to investing. It may not be an indicator of the returns a scheme will generate presently. But it can give insights into how it delivered under different market conditions over a prolonged period.
Holding analysis: Review the holding analysis of a scheme to learn where your resources are invested. It provides a rough idea of the expected returns and risks involved.
Fund manager’s experience: A fund manager with prior experience can identify the areas of investment that will result in higher returns. Therefore, it is necessary to review a fund manager’s experience before investing.
Expense ratio: This reflects a fee charged by the AMC for management, administration, promotion, and distribution of a mutual fund scheme. The respective AMC deducts this amount from the final return.
Exit load: Some AMCs charge a fee if you exit the fund during the lock-in period. However, some companies may not levy a charge if investors liquidate their holdings within a certain period, as per the scheme details. Therefore, consider this point before investing in the best L&T equity mutual funds.
Regular or direct plan: A regular plan requires investors to buy units of a scheme via a third-party agent, like a broker. This drives up the cost of management for AMCs, translating to higher expense ratios. Conversely, a direct plan lets people invest in the top L&T equity mutual fund without the involvement of any third party. Thus, they involve a lower expense ratio. You may want to consider this point prudently to decide the suitable route.
Investment method: Another essential factor to consider is whether you’ll invest via SIP or lump-sum. SIP lets you invest a fixed sum periodically. Units are allotted according to the NAV on the date of a deposit, which proffers the benefit of rupee cost averaging. On the other hand, investors can make a one-time deposit to buy units of an equity MF scheme per that day’s NAV via the lump-sum route.
Choosing the right L&T equity scheme to invest in can be a tedious job. However, the above points can make the selection procedure seamless and less time-consuming.
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List of Lt Mutual Funds in India
| Fund Name | Category | Risk | 1Y Returns | Rating | Fund Size(in Cr) | |
|---|---|---|---|---|---|---|
| L&T Emerging Businesses Fund | Equity | Very High | 25.8% | 3 | ₹7,996 | |
| L&T Midcap Fund | Equity | Very High | 5.7% | 2 | ₹6,608 | |
| L&T India Value Fund | Equity | Very High | 12.9% | 3 | ₹7,829 | |
| L&T Infrastructure Fund | Equity | Very High | 18.9% | 3 | ₹1,379 | |
| L&T Low Duration Fund | Debt | Low to Moderate | 3.5% | 3 | ₹878 | |
| L&T Tax Advantage Fund | Equity | Very High | 3.8% | 2 | ₹3,369 | |
| L&T Hybrid Equity Fund | Hybrid | Very High | 3.3% | 3 | ₹5,020 | |
| L&T Money Market Fund | Debt | Low to Moderate | 3.3% | 2 | ₹1,053 | |
| L&T Liquid Plan Fund | Debt | Low to Moderate | 3.5% | 2 | ₹5,013 | |
| L&T Short Term Bond Fund | Debt | Low to Moderate | 2.2% | 3 | ₹4,025 | |
| Aditya Birla Sun Life International Equity Fund | Equity | Very High | 12.7% | 0 | ₹129 | |
| L&T India Large Cap Fund | Equity | Very High | 6.2% | 2 | ₹726 | |
| L&T Ultra Short Term Fund | Debt | Low to Moderate | 3.4% | 3 | ₹1,897 | |
| Aditya Birla Sun Life International Equity Fund | Equity | Very High | 26.1% | 0 | ₹102 | |
| L&T Large and Midcap Fund | Equity | Very High | 7.8% | 2 | ₹1,527 | |
| View All |
Let's have a closer look
Now let us jump and check about these top 10 mutual fund schemes.
L&T Emerging Businesses Fund Direct Growth
Fund Performance: The L&T Emerging Businesses Fund has given 22.6% annualized returns in the past three years and 14.11% in the last 5 years. The L&T Emerging Businesses Fund belongs to the Equity category of L&T Mutual Funds.
Minimum Investment Amount: The minimum amount required to invest in L&T Emerging Businesses Fund via lump sum is ₹5,000 and via SIP is ₹500.
| Min Investment Amt | ₹5,000 |
|---|---|
| AUM | ₹7,996Cr |
| 1Y Returns | 25.8% |
L&T Midcap Fund Direct Growth
Fund Performance: The L&T Midcap Fund has given 14.58% annualized returns in the past three years and 9.66% in the last 5 years. The L&T Midcap Fund belongs to the Equity category of L&T Mutual Funds.
Minimum Investment Amount: The minimum amount required to invest in L&T Midcap Fund via lump sum is ₹5,000 and via SIP is ₹500.
| Min Investment Amt | ₹5,000 |
|---|---|
| AUM | ₹6,608Cr |
| 1Y Returns | 5.7% |
L&T India Value Fund Direct Growth
Fund Performance: The L&T India Value Fund has given 15.18% annualized returns in the past three years and 10.62% in the last 5 years. The L&T India Value Fund belongs to the Equity category of L&T Mutual Funds.
Minimum Investment Amount: The minimum amount required to invest in L&T India Value Fund via lump sum is ₹5,000 and via SIP is ₹500.
| Min Investment Amt | ₹5,000 |
|---|---|
| AUM | ₹7,829Cr |
| 1Y Returns | 12.9% |
L&T Infrastructure Fund Direct Growth
Fund Performance: The L&T Infrastructure Fund has given 13.25% annualized returns in the past three years and 9.23% in the last 5 years. The L&T Infrastructure Fund belongs to the Equity category of L&T Mutual Funds.
Minimum Investment Amount: The minimum amount required to invest in L&T Infrastructure Fund via lump sum is ₹5,000 and via SIP is ₹500.
| Min Investment Amt | ₹5,000 |
|---|---|
| AUM | ₹1,379Cr |
| 1Y Returns | 18.9% |
L&T Low Duration Fund Direct Growth
Fund Performance: The L&T Low Duration Fund has given 4.97% annualized returns in the past three years and 6.02% in the last 5 years. The L&T Low Duration Fund belongs to the Debt category of L&T Mutual Funds.
Minimum Investment Amount: The minimum amount required to invest in L&T Low Duration Fund via lump sum is ₹10,000 and via SIP is ₹1,000.
| Min Investment Amt | ₹10,000 |
|---|---|
| AUM | ₹878Cr |
| 1Y Returns | 3.5% |
L&T Tax Advantage Fund Direct Growth
Fund Performance: The L&T Tax Advantage Fund has given 10.7% annualized returns in the past three years and 8.38% in the last 5 years. The L&T Tax Advantage Fund belongs to the Equity category of L&T Mutual Funds.
Minimum Investment Amount: The minimum amount required to invest in L&T Tax Advantage Fund via lump sum is ₹500 and via SIP is ₹500.
| Min Investment Amt | ₹500 |
|---|---|
| AUM | ₹3,369Cr |
| 1Y Returns | 3.8% |
L&T Hybrid Equity Fund Direct Growth
Fund Performance: The L&T Hybrid Equity Fund has given 10.03% annualized returns in the past three years and 8.13% in the last 5 years. The L&T Hybrid Equity Fund belongs to the Hybrid category of L&T Mutual Funds.
Minimum Investment Amount: The minimum amount required to invest in L&T Hybrid Equity Fund via lump sum is ₹5,000 and via SIP is ₹500.
| Min Investment Amt | ₹5,000 |
|---|---|
| AUM | ₹5,020Cr |
| 1Y Returns | 3.3% |
L&T Money Market Fund Direct Growth
Fund Performance: The L&T Money Market Fund has given 5.44% annualized returns in the past three years and 6.33% in the last 5 years. The L&T Money Market Fund belongs to the Debt category of L&T Mutual Funds.
Minimum Investment Amount: The minimum amount required to invest in L&T Money Market Fund via lump sum is ₹10,000 and via SIP is ₹1,000.
| Min Investment Amt | ₹10,000 |
|---|---|
| AUM | ₹1,053Cr |
| 1Y Returns | 3.3% |
L&T Liquid Plan Direct Growth
Fund Performance: The L&T Liquid Plan Fund has given 4.22% annualized returns in the past three years and 5.42% in the last 5 years. The L&T Liquid Plan Fund belongs to the Debt category of L&T Mutual Funds.
Minimum Investment Amount: The minimum amount required to invest in L&T Liquid Plan Fund via lump sum is ₹10,000 and via SIP is ₹1,000.
| Min Investment Amt | ₹10,000 |
|---|---|
| AUM | ₹5,013Cr |
| 1Y Returns | 3.5% |
L&T Short Term Bond Fund Direct Growth
Fund Performance: The L&T Short Term Bond Fund has given 6.48% annualized returns in the past three years and 6.82% in the last 5 years. The L&T Short Term Bond Fund belongs to the Debt category of L&T Mutual Funds.
Minimum Investment Amount: The minimum amount required to invest in L&T Short Term Bond Fund via lump sum is ₹10,000 and via SIP is ₹1,000.
| Min Investment Amt | ₹10,000 |
|---|---|
| AUM | ₹4,025Cr |
| 1Y Returns | 2.2% |
Aditya Birla Sun Life International Equity Fund Plan A Direct Growth
Fund Performance: The Aditya Birla Sun Life International Equity Fund has given 14.1% annualized returns in the past three years and 13.81% in the last 5 years. The Aditya Birla Sun Life International Equity Fund belongs to the Equity category of Aditya Birla Sun Life Mutual Funds.
Minimum Investment Amount: The minimum amount required to invest in Aditya Birla Sun Life International Equity Fund via lump sum is ₹1,000 and via SIP is ₹1,000.
| Min Investment Amt | ₹1,000 |
|---|---|
| AUM | ₹129Cr |
| 1Y Returns | 12.7% |
L&T India Large Cap Fund Direct Growth
Fund Performance: The L&T India Large Cap Fund has given 10.81% annualized returns in the past three years and 10.27% in the last 5 years. The L&T India Large Cap Fund belongs to the Equity category of L&T Mutual Funds.
Minimum Investment Amount: The minimum amount required to invest in L&T India Large Cap Fund via lump sum is ₹5,000 and via SIP is ₹500.
| Min Investment Amt | ₹5,000 |
|---|---|
| AUM | ₹726Cr |
| 1Y Returns | 6.2% |
L&T Ultra Short Term Fund Direct Growth
Fund Performance: The L&T Ultra Short Term Fund has given 5.06% annualized returns in the past three years and 6.09% in the last 5 years. The L&T Ultra Short Term Fund belongs to the Debt category of L&T Mutual Funds.
Minimum Investment Amount: The minimum amount required to invest in L&T Ultra Short Term Fund via lump sum is ₹10,000 and via SIP is ₹1,000.
| Min Investment Amt | ₹10,000 |
|---|---|
| AUM | ₹1,897Cr |
| 1Y Returns | 3.4% |
Aditya Birla Sun Life International Equity Fund Plan B Direct Growth
Fund Performance: The Aditya Birla Sun Life International Equity Fund has given 15.65% annualized returns in the past three years and 12.41% in the last 5 years. The Aditya Birla Sun Life International Equity Fund belongs to the Equity category of Aditya Birla Sun Life Mutual Funds.
Minimum Investment Amount: The minimum amount required to invest in Aditya Birla Sun Life International Equity Fund via lump sum is ₹1,000 and via SIP is ₹1,000.
| Min Investment Amt | ₹1,000 |
|---|---|
| AUM | ₹102Cr |
| 1Y Returns | 26.1% |
L&T Large and Midcap Fund Direct Growth
Fund Performance: The L&T Large and Midcap Fund has given 11.82% annualized returns in the past three years and 8.37% in the last 5 years. The L&T Large and Midcap Fund belongs to the Equity category of L&T Mutual Funds.
Minimum Investment Amount: The minimum amount required to invest in L&T Large and Midcap Fund via lump sum is ₹5,000 and via SIP is ₹500.
| Min Investment Amt | ₹5,000 |
|---|---|
| AUM | ₹1,527Cr |
| 1Y Returns | 7.8% |
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