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Overview: L&T Investment Management Company
L&T Investment Management Company ,a subsidiary of L&T Financial Services established in 2008, is one of the leading AMCs in India. It offers financial services for equity, fixed income, mutual fund investment as well as wealth management and portfolio management.
Table of Content :
Mutual Funds offered by L&T Investment Management
The AMC follows a three step process to generate quality returns. It involves the generation of new ideas, evaluation of companies for potential investment and formulating or monitoring an investment portfolio. This procedure effectively mitigates market risk and generates long term returns. Also, investment via Systematic Investment Plans in mutual funds further mitigates the market risk.
Kailash Kulkarni, CEO of L&T Investment Management Company believes in delivering risk adjusted return to its investors. Under his management, the AMC (Asset Management Company) has seen a ten fold rise in assets. A range of Equity Funds, Debt Funds, Liquid Funds, is available for investors to choose from.
L&T Equity Mutual Funds
Equity Mutual Funds offered by L&T Investment Management Ltd. are high growth schemes that help in long term capital appreciation. Investors with high risk appetite can consider investing in these funds to generate high returns. Here is a list of popular L&T Equity Mutual Funds:
| Fund Name | 3 Year (%) | 5 Year (%) | NAV | Fund Size (Cr) |
| L&T India Value Fund | 5.94 | 12.53 | 35.8 | 8404.03 |
| L&T Emerging Businesses Fund | 5.94 | 12.43 | 22.72 | 6177.32 |
| L&T Midcap Fund | 8.26 | 12.69 | 134.88 | 4879.9 |
| L&T Tax Advantage Fund | 7.21 | 9.77 | 53.94 | 3420.69 |
| L&T Infrastructure Fund | 7.22 | 11.56 | 15.87 | 1934.44 |
L&T Debt Mutual Funds
Debt Mutual Funds are fixed income investment instruments that predominantly invest in highly rated debt securities. These are apt for investors who want to earn quality returns on investments and don’t want to take much risk. Here is a list of top performing Debt Mutual Funds offered by L&T:
| Fund Name | 3 Year (%) | 5 Year (%) | NAV | Fund Size (Cr) |
| L&T Liquid Fund | 7.04 | 7.53 | 2653.63 | 15516.24 |
| L&T Short Term Bond Fund | 7.74 | 8.42 | 19.22 | 4002.4 |
| L&T Ultra Short Term Fund | 7.69 | 8.22 | 32.37 | 3022.86 |
| L&T Credit Risk Fund | 5.51 | 7.64 | 21.49 | 3038.05 |
| L&T Banking and PSU Debt Fund | – | – | – | 196.34 |
L&T Hybrid Mutual Funds
The investment portfolio of Hybrid Mutual Funds consists of a blend of equities and debt securities. Risk exposure of the investment portfolio depends on its composition and inclination towards equities or debt. If you’re an investor with medium risk appetite, you can consider investing in these funds. Here is a list of popular Hybrid Funds offered by L&T:
| Fund Name | 3 Year (%) | 5 Year (%) | NAV | Fund Size (Cr) |
| L&T Hybrid Equity Fund | 7.25 | 10.65 | 27.78 | 9381.57 |
| L&T Arbitrage Opportunities Fund | 6.72 | 7.16 | 14.49 | 668.31 |
| L&T Balanced Advantage Fund | 5.81 | 7.05 | 24.14 | 546.9 |
| L&T Equity Savings Fund | 4.74 | 6.74 | 18.28 | 175.38 |
| L&T Conservative Hybrid Fund | 5.89 | 7.2 | 35.65 | 41.56 |
How to Invest in L&T Mutual Funds via Paisabazaar.com?
Step 1: On Paisabazaar.com, select the ‘Mutual Fund’ option.
Step 2: If you are a registered user, login onto the platform using your mobile number and password/OTP. Or create a new account.
Step 3: Choose ‘Invest’ > ‘Explore All Funds’ on the left side bar.
Step 4: Select the L&T Mutual Fund of your choice. Now, all the details of the fund including NAV, risk level, etc. will appear.
Step 5: Enter the amount you wish to invest, select the investment type – SIP or Lumpsum, and click on the ‘Confirm & add to cart’ option.
Step 6: You can complete the payment using net banking of major Indian banks.
The mutual fund units will be allotted to you within 5 working days. If you’re not KYC Compliant, you will need to complete your KYC before investing in mutual fund schemes.
How to Complete Your KYC Check for L&T Mutual Fund
KYC (Know Your Customer) is a one-time customer identification process and a mandatory compliance requirement for investors who wish to invest in mutual funds. It has been made compulsory by the capital markets regulator SEBI (Securities and Exchange Board of India) for mutual fund investments in order to curb fraudulent activities.
The KYC Process can be initiated and completed with any of the following SEBI-registered intermediaries:
- The Fund House (Asset Management Company)
- KYC Registration Agency (KRA) such as CAMS, Karvy, CSDL (Central Depository Services Limited) Ventures, NSDL (National Securities Depository Limited) and NSE-owned (National Stock Exchange) DotEx International Limited
To complete your Mutual Fund eKYC online, follow these steps, and you’ll be good to go:
Step 1: Visit the website of L&T Mutual Fund or any of the above-mentioned KRA’s website and create an investor account by filling in your personal details and your Aadhaar-linked mobile number so that you can verify the account using that OTP.
Step 2: Upload self-attested copies of your Identity Proof and Address Proof.
That’s all. Your eKYC process is done!
Documents Required for Mutual Fund Investment
Here is a list of official documents required to validate the identity and address of an investor:
1. Identity Proof
- Aadhaar Card
- PAN Card
- Passport
- Driving License
2. Address Proof
- Aadhar Card
- Driving License
- Passport
- Recent Utility Bill
- Rental/Lease Agreement
Fund Managers of L&T Asset Management Company
- Soumendra Nath Lahiri
An alumnus of IIM Bangalore, S.N. Lahiri is the Chief Investment Officer of L&T Investment Management Ltd. He has industrial experience of more than 17 years and has actively managed the majority of Equity Mutual Funds of L&T Mutual Funds.
- Venugopal Manghat
With more than 23 years of professional experience in the equity markets, Venugopal Manghat heads the equities investment vertical of L&T Investment Management Ltd. He is an MBA in Finance.
- Shriram Ramanathan
A Chartered Financial Analyst by qualification, Shriram Ramanathan manages the fixed income securities vertical of the L&T Investment Management. He brings in quality industrial experience of 15 years.
Frequently Asked Questions
Q. What is an Asset Management Company (AMC)?
A. AMC is an organisation which manages the pooled funds from numerous investors and invests them in various financial securities to generate returns.
Q. What is Net Asset Value (NAV)?
A. Net Asset Value measures the performance of an individual mutual fund scheme of an AMC. In essence, it is the market valuation of the securities the fund has invested in. So, the NAV per unit is derived from dividing the total market value of all the invested securities by total number of units issued. Since, the number of unit holders and valuation of securities change everyday, the NAV of a mutual fund also changes accordingly.
Q. What is Expense Ratio?
A. Expense Ratio refers to a small amount of fee charged by Asset Management Companies annually to manage investors’ assets. It covers the operating and managing cost incurred by the AMC. It is a percentage of the total assets invested by the investor.
Q. What is Entry Load?
A. When an investor purchases units of a mutual fund scheme for the first time, s/he is charged a small amount of processing fee by the Asset Management Company which is known as an Entry Load.
Q. What is Exit Load?
A. When investors redeem their investment from a mutual fund scheme, s/he is charged a small amount of processing fee which is known as an Exit Load. It is also charged when investors choose to switch between different mutual fund schemes of a specific AMC.