Best L&T Equity 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.

Top 10 Lt Mutual Funds

Fund NameCategoryRisk1Y ReturnsRatingFund Size(in Cr)
Mirae Asset India Equity FundEquityModerately High2.9%5star9,033
ICICI Prudential Multicap FundEquityModerately High5.3%5star2,920
ICICI Prudential Technology FundEquityHigh29.3%5star476
Kotak Standard Multi Cap FundEquityModerately High1.4%4star20,100
SBI Magnum Multi Cap FundEquityModerately High-2.2%4star4,086
UTI Equity FundEquityModerately High5.9%4star7,970
Sundaram Large and Mid Cap FundEquityModerately High4.7%4star433
Aditya Birla Sun Life Equity FundEquityModerately High-0.3%4star9,519
Principal Tax Savings FundEquityModerately High-5.1%4star368
Principal Growth FundEquityModerately High-4.5%4star798
Axis Multicap FundEquityModerately HighN.A4star2,812
HSBC India Opportunities FundEquityModerately High-4.5%3star539
HDFC Equity FundEquityModerately High-1.0%3star20,133
SBI Healthcare Opportunities FundEquityHigh-0.9%3star1,076
SBI Large and Midcap FundEquityModerately High-0.8%3star2,217
View All Top 10 Lt Mutual Funds

Let's have a closer look

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

Mirae Asset India Equity Fund - Direct - Growth

Fund Performance: This fund has consistently beaten its benchmark in Multi Cap segment and provided 15.56% annualized returns in the last 3 years. In the last 1 year, it gave 2.87% returns.

Why to invest: The fund has consistently beaten other funds in same category along with its benchmark and provided 2.87% returns in the last 1 year. Groww rated this fund as 5 Star. This is one of the best Equity mutual fund in India.

Fund Manager: Neelesh Surana, Harshad Borawake

Launch Date31 Dec 2012
Min Investment Amt5,000
Groww Rating5star
AUM9,033Cr
1Y Returns2.9%

ICICI Prudential Multicap Fund - Direct - Growth

Fund Performance: This fund has consistently beaten its benchmark in Multi Cap segment and provided 12.97% annualized returns in the last 3 years. In the last 1 year, it gave 5.26% returns.

Why to invest: The fund has consistently beaten other funds in same category along with its benchmark and provided 5.26% returns in the last 1 year. Groww rated this fund as 5 Star. This is one of the best Equity mutual fund in India.

Fund Manager: Atul Patel, George Heber Joseph

Launch Date31 Dec 2012
Min Investment Amt5,000
Groww Rating5star
AUM2,920Cr
1Y Returns5.3%

ICICI Prudential Technology Fund - Direct - Growth

Fund Performance: This fund has consistently beaten its benchmark in Sectoral/Thematic segment and provided 12.45% annualized returns in the last 3 years. In the last 1 year, it gave 29.33% returns.

Why to invest: The fund has consistently beaten other funds in same category along with its benchmark and provided 29.33% returns in the last 1 year. Groww rated this fund as 5 Star. This is one of the best Equity mutual fund in India.

Fund Manager: S Naren, Ashwin Jain

Launch Date31 Dec 2012
Min Investment Amt5,000
Groww Rating5star
AUM476Cr
1Y Returns29.3%

Kotak Standard Multi Cap Fund - Direct - Growth

Fund Performance: This fund has consistently beaten its benchmark in Multi Cap segment and provided 14.27% annualized returns in the last 3 years. In the last 1 year, it gave 1.39% returns.

Why to invest: The fund has consistently beaten other funds in same category along with its benchmark and provided 1.39% returns in the last 1 year. Groww rated this fund as 4 Star. This is one of the best Equity mutual fund in India.

Fund Manager: Harsha Upadhyaya

Launch Date31 Dec 2012
Min Investment Amt5,000
Groww Rating4star
AUM20,100Cr
1Y Returns1.4%

SBI Magnum Multi Cap Fund - Direct - Growth

Fund Performance: This fund has consistently beaten its benchmark in Multi Cap segment and provided 12.96% annualized returns in the last 3 years. In the last 1 year, it gave -2.21% returns.

Why to invest: The fund has consistently beaten other funds in same category along with its benchmark and provided -2.21% returns in the last 1 year. Groww rated this fund as 4 Star. This is one of the best Equity mutual fund in India.

Fund Manager: Anup Upadhyay

Launch Date3 Jan 2013
Min Investment Amt1,000
Groww Rating4star
AUM4,086Cr
1Y Returns-2.2%

UTI Equity Fund - Direct - Growth

Fund Performance: This fund has consistently beaten its benchmark in Multi Cap segment and provided 10.64% annualized returns in the last 3 years. In the last 1 year, it gave 5.89% returns.

Why to invest: The fund has consistently beaten other funds in same category along with its benchmark and provided 5.89% returns in the last 1 year. Groww rated this fund as 4 Star. This is one of the best Equity mutual fund in India.

Fund Manager: Ajay Tyagi

Launch Date31 Dec 2012
Min Investment Amt5,000
Groww Rating4star
AUM7,970Cr
1Y Returns5.9%

Sundaram Large and Mid Cap Fund - Direct - Growth

Fund Performance: This fund has consistently beaten its benchmark in Large & Mid Cap segment and provided 14.56% annualized returns in the last 3 years. In the last 1 year, it gave 4.71% returns.

Why to invest: The fund has consistently beaten other funds in same category along with its benchmark and provided 4.71% returns in the last 1 year. Groww rated this fund as 4 Star. This is one of the best Equity mutual fund in India.

Fund Manager: S Krishnakumar, Madanagopal Ramu

Launch Date7 Jan 2013
Min Investment Amt5,000
Groww Rating4star
AUM433Cr
1Y Returns4.7%

Aditya Birla Sun Life Equity Fund - Direct - Growth

Fund Performance: This fund has consistently beaten its benchmark in Multi Cap segment and provided 14.83% annualized returns in the last 3 years. In the last 1 year, it gave -0.25% returns.

Why to invest: The fund has consistently beaten other funds in same category along with its benchmark and provided -0.25% returns in the last 1 year. Groww rated this fund as 4 Star. This is one of the best Equity mutual fund in India.

Fund Manager: Anil Shah

Launch Date31 Dec 2012
Min Investment Amt500
Groww Rating4star
AUM9,519Cr
1Y Returns-0.3%

Principal Tax Savings Fund - Direct - Growth

Fund Performance: This fund has consistently beaten its benchmark in ELSS segment and provided 14% annualized returns in the last 3 years. In the last 1 year, it gave -5.1% returns.

Why to invest: The fund has consistently beaten other funds in same category along with its benchmark and provided -5.1% returns in the last 1 year. Groww rated this fund as 4 Star. This is one of the best Equity mutual fund in India.

Fund Manager: P V K Mohan

Launch Date31 Dec 2012
Min Investment Amt500
Groww Rating4star
AUM368Cr
1Y Returns-5.1%

Principal Growth Fund - Direct - Growth

Fund Performance: This fund has consistently beaten its benchmark in Multi Cap segment and provided 14.61% annualized returns in the last 3 years. In the last 1 year, it gave -4.46% returns.

Why to invest: The fund has consistently beaten other funds in same category along with its benchmark and provided -4.46% returns in the last 1 year. Groww rated this fund as 4 Star. This is one of the best Equity mutual fund in India.

Fund Manager: P V K Mohan

Launch Date31 Dec 2012
Min Investment Amt5,000
Groww Rating4star
AUM798Cr
1Y Returns-4.5%

Axis Multicap Fund - Direct - Growth

Fund Performance: This fund has consistently beaten its benchmark in Multi Cap segment and provided -100% annualized returns in the last 3 years. In the last 1 year, it gave -100% returns.

Why to invest: The fund has consistently beaten other funds in same category along with its benchmark and provided -100% returns in the last 1 year. Groww rated this fund as 4 Star. This is one of the best Equity mutual fund in India.

Fund Manager: Jinesh Gopani, Shreyash Devalkar

Launch Date12 Nov 2017
Min Investment Amt5,000
Groww Rating4star
AUM2,812Cr
1Y Returns-100.0%

HSBC India Opportunities Fund - Direct - Growth

Fund Performance: This fund has consistently beaten its benchmark in Multi Cap segment and provided 11.42% annualized returns in the last 3 years. In the last 1 year, it gave -4.48% returns.

Why to invest: The fund has consistently beaten other funds in same category along with its benchmark and provided -4.48% returns in the last 1 year. Groww rated this fund as 3 Star. This is one of the best Equity mutual fund in India.

Fund Manager: Neelotpal Sahai

Launch Date31 Dec 2012
Min Investment Amt10,000
Groww Rating3star
AUM539Cr
1Y Returns-4.5%

HDFC Equity Fund - Direct - Growth

Fund Performance: This fund has consistently beaten its benchmark in Multi Cap segment and provided 12.67% annualized returns in the last 3 years. In the last 1 year, it gave -1.04% returns.

Why to invest: The fund has consistently beaten other funds in same category along with its benchmark and provided -1.04% returns in the last 1 year. Groww rated this fund as 3 Star. This is one of the best Equity mutual fund in India.

Fund Manager: Prashant Jain

Launch Date31 Dec 2012
Min Investment Amt5,000
Groww Rating3star
AUM20,133Cr
1Y Returns-1.0%

SBI Healthcare Opportunities Fund - Direct - Growth

Fund Performance: This fund has consistently beaten its benchmark in Sectoral/Thematic segment and provided -4.1% annualized returns in the last 3 years. In the last 1 year, it gave -0.86% returns.

Why to invest: The fund has consistently beaten other funds in same category along with its benchmark and provided -0.86% returns in the last 1 year. Groww rated this fund as 3 Star. This is one of the best Equity mutual fund in India.

Fund Manager: Tanmaya Desai

Launch Date31 Dec 2012
Min Investment Amt5,000
Groww Rating3star
AUM1,076Cr
1Y Returns-0.9%

SBI Large and Midcap Fund - Direct - Growth

Fund Performance: This fund has consistently beaten its benchmark in Large & Mid Cap segment and provided 11.69% annualized returns in the last 3 years. In the last 1 year, it gave -0.8% returns.

Why to invest: The fund has consistently beaten other funds in same category along with its benchmark and provided -0.8% returns in the last 1 year. Groww rated this fund as 3 Star. This is one of the best Equity mutual fund in India.

Fund Manager: Saurabh Pant

Launch Date31 Dec 2012
Min Investment Amt5,000
Groww Rating3star
AUM2,217Cr
1Y Returns-0.8%

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What does investing in L&T Equity 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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Mutual fund investments are subject to market risks. Please read the scheme information and other related documents carefully before investing.
Past performance is not indicative of future returns. Please consider your specific investment requirements, risk tolerance, investment goal, time frame, risk and reward balance and the cost associated with the investment before choosing a fund, or designing a portfolio that suits your needs.
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