L&T Mutual Fund – Review, Fund managers, Investment Process, KYC, Fees & more
Last Updated Date: Nov 17, 2022L&T Mutual Fund AMC or Asset Management Company is a subsidiary of L&T Finance Holdings Ltd. which is one of the premier financial service companies in the country.
The L&T Mutual Fund AMC has a gamut of financial products to offer and the funds cater to the need of all types of investors.
The article will guide you about everything you need to know relating to the fund house. It is going to cover the basic information about the company.
Then we have enlisted the benefits of investing with this firm. Then comes the different processes of registering yourself with L&T Mutual Fund and then completing the KYC as well.
After that, we will talk about the different funds and the top ten funds which are performing efficiently.
We will compare the funds based on different metrics to give you a complete insight into the fund and the fund house.
The article will also cover details about the fund managers who are the soul of the fund house.
About L&T Mutual Fund
L&T Mutual Fund was incorporated in the year 1996 under the L&T Finance Holdings Ltd. It is a wholly-owned subsidiary of L&T Finance Holdings.
The asset management company has been incorporated as a trust under section Indian Trust Act 1882. It is a registered fund house under SEBI guidelines.
The L&T AMC is having its office in Mumbai at the Bandra Kurla complex. It is having different branches in the country across different cities.
The number of schemes that are available with the firm is around eighty. The firm has been in the market for more than 22 years.
Amount of asset which is under the management of this company is around Rs.72784 Crores.
L&T Mutual Fund is known for its organized approach for the analysis and research of the funds that they invest in.
Fund managers in L&T Mutual Fund AMC dedicatedly work to create and bring new opportunities to the investors.
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Why Invest in L&T AMC?
There are different reasons for investing in L&T Mutual Funds which are mentioned below –
New Ideas
L&T Mutual Fund offers ample new ideas for investment in funds to the investors.
They seek new opportunities in the market and they offer them to the investors. Fund managers and executives always look for new ideas to serve on the plate for the customers.
Multiple Funds
The firm offers multiple funds and schemes to the clients. This helps the investors to invest in the fund according to the risk appetite.
The funds are also having a different combination of assets to mitigate the risks and suit the type of investor. The firm has more than 80 schemes at present with different underlying assets.
While some of the funds are plain equity funds which means the underlying asset is equity, others are hybrid with a mix of equity and debt as underlying.
This serves the purpose of diversification for the investors.
Efficient Fund Managers
One of the crucial factors of any fund house is their fund managers. Here in L&T Mutual Fund, the fund managers take great responsibilities.
The fund managers dedicate their time and effort to find out new ideas and market research. They efficiently monitor the funds as well which helps in funds, to provide better returns.
The fund managers are having huge experience as well to provide the huge returns they generally do.
Great Research and analysis
L&T Mutual Fund AMC is known for its research and analysis wing. The equity research analysts in the fund house are prudent enough to make the best choices of underlying assets for the fund.
They evaluate companies thoroughly by checking every detail. From the market capitalization to the liquidity to corporate governance to CSR, everything comes under their observation.
Helpful Customer Care
Customer care plays an important role in every Asset management company and L&T Mutual Fund AMC, it is there as well.
They are highly professional in handling the queries of the clients. They are genuinely helpful and understands the problem and try to solve the same or at least inform the fund managers.
Choice of Investment amount
L&T Mutual Fund AMC gives you the choice of SIP investment or lump sum investment. You can choose the one that suits your pocket the best and your investment goals.
How to Invest with L&T Mutual Funds?
If you want to invest in the L&T Mutual Fund, you can follow the following steps –
- Refer to the button you see at the bottom of the page, i.e. “Open an Account” and fill the pop up form.
- For the next KYC Process, you need to upload your documents like PAN, AADHAAR Card, Voter ID, and others to register on the website.
- Once you have done the registration, you will get the login id and password.
- Now you need to select the duration or investment period for which you want to invest the money.
- Then you need to select the amount of risk you want to take. You can select amongst the following risk appetite – low, high, or medium.
- Then you need to choose the L&T Mutual Fund from the list of mutual funds.
- Once you select the same, you can see the different schemes available with L&T Mutual Fund.
- Select the one you want to invest into.
- Now choose the amount you want to invest and whether SIP investment or lump sum investment.
- Then you can make the payment of your chosen amount by using the UPI, or net banking options and other options are also there for payment.
- Once the payment is processed, the funds is reflected in your account in some days.
L&T AMC – Fund Managers
As said above, the fund managers are the soul of the fund house and thus in the section, we will discuss the top fund managers of L&T Mutual Fund.
Mr.Soumendra Nath Lahiri
Since 2012, he is serving as the Chief Investment officer of the L&T Mutual Fund AMC and is in charge of the equities department as the head of equities.
He manages around Rs.31137 crore of assets which are spread across the seventeen top funds of the firm.
The schemes which he supervises and monitors for the clients are L&T Emerging business Fund, L&T Infrastructure Fund, L&T Equity Fund, L&T Mid-cap and large-cap fund, and others.
He did his MBA from the IIM Bangalore and then served in different financial companies in the equity research department and other fund management sections before joining L&T Mutual Fund AMC.
Mr.Vihang Naik
Being a CFA, he is having a wide knowledge of investment products and the market as a whole. He is one of the top fund managers of the firm having Rs.6102 crore of assets under his management.
The funds that he directly manages and monitors are Growth and Dividend L&T Midcap Fund.
He started his career from the SBICAP Securities as a Research Analyst in the year 2006 and then went to Motilal Oswal in the year 2008 and then to MF Global in 2010.
In 2012, he joined L&T Mutual Fund.
Mr.Venugopal Manghat
He jointly heads the Equities department of the L&T Mutual Funds AMC and manages around Rs.10574 crore of assets.
Mr. Venugopal is in the fund managing team of the schemes like L&T India Large Cap Fund, L&T India Value Fund, L&T Conservative Hybrid Fund and others.
He has done his MBA and also cleared a certain investment certificate course from BSE Institute Ltd and has been a member of the Mumbai Stock Exchange in the year 1993 and worked there as an equity research analyst.
He is prudent in finding new opportunities in the market where the investors can invest and it is due to his rich experience.
Mr.Jalpan Shah
He is managing the fixed income portfolios of the L&T Mutual Funds since 2012. Under his management, there is Rs.28857 crores of assets.
The funds that he manages are L&T Gilt Fund, L&T Money Market Fund, L&T Short term bond fund, L&T Flexi Bond Fund, L&T Triple Ace Bond Fund, and many other funds.
He has experience working as a research analyst in the UTI Mutual Fund back in 2004. Post that, he was in Fidelity International in 2007.
He is having quite a wide amount of experience in the field of fund management and equity research. He completed his MBA from the premier institute of T.A. Pai Management Institute.
Mr.Vikas Garg
He is one of the top portfolio managers in L&T Mutual Fund AMC with more than 15 years of experience in the field of financial research and analysis.
Mr. Vikas worked in ICRA as a senior analyst back in 2007 and then in Fidelity International in 2010 and onwards as Research Associate of Credit.
He manages assets worth Rs.11739 Crore in the L&T Mutual Fund AMC. The fund he manages are L&T Money Market Fund, L&T Resurgent India Fund, L&T Ultra Short Term Fund, and others.
He did his MBA from one of the top colleges of the country that is XLRI Jamshedpur and also cleared all three levels of CFA from CFA Institute.
Mr.Shriman Ramanathan
Being the fund manager of 32 funds in the L&T Mutual Fund AMC, he is one of the most sought after fund managers in the firm.
He is having huge experience in the field of financial analyst and research since 2003 which is almost 2 decades back.
He is at present managing around Rs.37375 crores of assets which are segregated amongst the 32 funds he manages.
The funds are like L&T Low Duration Fund, L&T Banking, and PSU Fund, L&T cash Fund, and 29 other funds.
He is also a Chartered Financial Analyst from CFA Institute USA and completed his Master in Business Administration from the XLRI Jamshedpur.
L&T Mutual Fund – Key Personnel
The key members of the firm include –
Mr.Shailesh Haribhakti: He is the Non-executive Chairman of the firm. He is a Chartered Accountant as well as Cost Accountant and serving the financial industry for the last four decades.
Mr.Dinanath Dubhashi: He is Managing Director and the CEO of the L&T Finance Holdings Ltd. He is having huge, over two decades of experience in his kitty.
Mr. Dinanath transformed L&T Finance Holdings Ltd. into a brand in the financial industry through his dedicated efforts and knowledge of the market. He is a Post Graduate of the IIM Bangalore.
How to do KYC Check for L&T Mutual Fund?
For completing the KYC process you need to –
- Login to the investment account of yours.
- Then upload the photocopy of the required documents which are mentioned for KYC purposes (the list is given below).
- Once you upload, you also need to enter the personal details of yours, like your name, address, and other information asked on the page.
- After entering the details and successfully uploading the documents, you can start investing as your KYC is completed.
- However, make sure, you upload the documents with self-attestation. Make a photocopy of the original documents, self-attest the photocopies, and upload them on the website.
- The whole process is online and thus you save time and money and effort.
Documents Required to Invest in L&T AMC
The documents required for registration and KYC purpose are as follows –
- AADHAAR Card
- PAN Card
- Voter ID
- Passport
- Driving License
- Any utility bill for address proof such as electricity bill, water bill, and others.
- You can also provide the rental lease agreement, if you are living in a rented apartment.
These documents are required for verification purposes and you need to upload them properly for KYC completion as discussed above.
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L&T Mutual Fund Fees or Charges
| Fund | Minimum Investment (Rs) | Entry Load (in % p.a.) | Exit Load (in % p.a.) | Fund Manager |
| L&T Focused Equity Fund – Growth – Direct Plan | 5000 | N.A | 1 | Vihang Naik |
| L&T Nifty 50 Index Fund – Growth – Direct Plan | 5000 | N.A | 1 | Praveen Ayathan |
| L&T Nifty Next 50 Index Fund – Growth – Direct Plan | 5000 | N.A | 1 | Praveen Ayathan |
| L&T Arbitrage Opportunities Fund – Growth – Direct Plan | 5000 | N.A | 0.5 | Venugopal Manghat |
| L&T Balanced Advantage Fund – Growth – Direct Plan | 5000 | N.A | 1 | Vihang Naik |
| L&T Banking and PSU Debt Fund – Growth – Direct Plan | 10000 | N.A | 1.5 | Jalpan Shah |
| L&T Business Cycle Fund – Growth – Direct Plan | 5000 | N.A | 1 | Venugopal Manghat |
| L&T Overnight Fund – Growth – Direct Plan | 10000 | N.A | 0.5 | Jalpan Shah |
| L&T Conservative Hybrid Fund – Growth – Direct Plan | 10000 | N.A | 1 | Jalpan Shah |
| L&T Credit Risk Fund – Growth – Direct Plan | 10000 | N.A | 2 | Shriram Ramanathan |
Charges of L&T Funds
The charges of L&T Mutual Fund for different funds are given in the table above.
As you can see the entry load or the charge for investing in the funds are nil.
The charge for withdrawing is there and varies from 0.5% of the value to 2% and in certain cases, it is also nil but not amongst the top ten funds.
The minimum investment required is generally Rs.5000 but there are certain funds where the minimum investment is Rs.10000 as well.
It is your lookout to choose the fund with the minimum investment that you can afford. You also need to check and calculate the exit load which you need to pay while withdrawing funds.
The funds which are having a minimum exit load include the L&T Arbitrage Opportunities Fund which is a growth fund and a direct plan for the investors.
Then there is the L&T Overnight Fund and others. Some funds where the minimum investment is Rs.10000 are like the L&T Banking and PSU Debt Fund and others.
Best Performing L&T Mutual Fund
| Fund Name | Category | Risk | 1Y Returns | Fund Size (in Cr) | |
|
Hybrid | Moderately High | 13.00% | Rs. 956 | |
| L&T Flexi Bond Fund | Debt | Moderate | 11.10% | Rs. 60 | |
| L&T Short Term Bond Fund | Debt | Moderately Low | 10.20% | Rs. 4,450 | |
| L&T Money Market Fund | Debt | Moderately Low | 5.90% | Rs. 1,032 | |
| L&T Arbitrage Opportunities Fund | Hybrid | Moderately Low | 5.10% | Rs. 2,254 | |
| L&T India Value Fund | Equity | Moderately High | 12.90% | Rs. 6,589 | |
| L&T Focused Equity Fund | Equity | Moderately High | 12.90% | Rs. 782 | |
| L&T Triple Ace Bond Fund | Debt | Moderate | 12.60% | Rs. 6,098 | |
| L&T Gilt Fund | Debt | Moderate | 12.50% | Rs. 280 | |
| L&T Banking & PSU Debt Fund | Debt | Moderate | 10.80% | Rs. 6,155 |
Best Performing L&T Funds
The best performing funds according to the rate of return of one year are L&T Dynamic Equity Fund with a 13% return in one year.
Then there is L&T India Value Fund with 12.90% in a year, followed by L&T Focused Equity Fund with the same return in one year of 12.90%.
These three are the highest performing funds of the firm in the last year. The L&T India Value Fund is having a fund size of Rs.6589 which is the highest amongst these funds.
The risk level is moderately high for all these three funds. While the funds with low or moderate risk are like L&T Short Term Bond Fund, L&T Money Market Fund, and L&T Flexi Bond Fund, L&T Gilt Fund, and others.
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Top 10 L&T AMC Funds
| Fund |
|
3-Year Return | 5-Year Return | |
| L&T Arbitrage Opportunities Fund – Growth – Direct Plan | 4.63 | 17.67 | 32.56 | |
| L&T Balanced Advantage Fund – Growth – Direct Plan | 10.96 | 24.53 | 42.82 | |
| L&T Banking and PSU Debt Fund – Growth – Direct Plan | 10.31 | 28.36 | 49.46 | |
| L&T Business Cycle Fund – Growth – Direct Plan | 5.28 | -9.14 | 38.05 | |
| L&T Overnight Fund – Growth – Direct Plan | 3.15 | 14.27 | 28.32 | |
| L&T Conservative Hybrid Fund – Growth – Direct Plan | 7.76 | 19.49 | 40.76 | |
| L&T Credit Risk Fund – Growth – Direct Plan | 4.95 | 13.19 | 33.71 | |
| L&T Emerging Businesses Fund – Growth – Direct Plan | 11.88 | -11.94 | 63.04 | |
| L&T Nifty 50 Index Fund – Growth – Direct Plan | N.A | NA | N.A | |
| L&T Nifty Next 50 Index Fund – Growth – Direct Plan | N.A | NA | N.A |
According to the 5-years return or 3-years return, if you compare, then the funds which are topping the list include L&T Nifty 50 Index Fund which is a growth fund.
Apart from this, there are L&T Emerging Business Fund with 63.04% return in the last 5 years.
The other funds with a higher return in the last five years are L&T Banking and PSU Debt fund with 49.46% return, L&T Balanced Advantage Fund with 42.82% return, and others.
If you compare the returns over the year, you can understand how the fund has been performing continuously.
This will help you understand the nature of the fund and also the fund managers handling the funds.
Best L&T Mutual Fund – Portfolio
| Fund | Market Value (in Cr.) | Net Assst (in Cr.) | Rating |
| L&T Banking and PSU Debt Fund – Growth – Direct Plan | 6955.33 | 188903.08 | AAA |
| L&T Conservative Hybrid Fund – Growth – Direct Plan | 630.38 | 13777.74 | AAA |
| L&T Credit Risk Fund – Growth – Direct Plan | 2384.95 | 31836.27 | AAA |
| L&T Equity Savings Fund – Growth – Direct Plan | 533.1 | 9890.58 | AAA |
| L&T Flexi Bond Fund – Growth – Direct Plan | 2020.97 | 20414.55 | AAA |
| L&T Liquid Fund – Growth – Direct Plan | 8048.86 | 181766.86 | AAA |
| L&T Low Duration Fund – Growth – Direct Plan | 5803.49 | 78231.11 | AAA |
| L&T Midcap Fund – Growth – Direct Plan | 500.64 | 8400.08 | AAA |
| L&T Money Market Fund – Growth – Direct Plan | 10221.91 | 274244 | AAA |
| L&T Overnight Fund – Growth – Direct Plan | 4992.89 | 141531.7 | AAA |
According to the Market valuation of the funds, the funds which are on the top include the L&T Money Market Fund with a market value of Rs.10221.91 crores.
Then there is the L&T Liquid Fund with Rs.8048.86 crores as market value. Both of these funds are having triple ‘A’ ratings.
Then comes the L&T Banking and PSU Debt Fund with Rs.6955.33 crores of market valuation. The Net Assets in these funds are like Rs.274244 crores, Rs.181766.86 crores respectively.
L&T Mutual Fund Schemes NAV
| Fund | 52 Week High (Rs.) | 52 Week Low (Rs.) |
| L&T Arbitrage Opportunities Fund – Growth – Direct Plan | 15.4 | 14.63 |
| L&T Arbitrage Opportunities Fund – Growth – Direct Plan | 15.4 | 14.63 |
| L&T Balanced Advantage Fund – Growth – Direct Plan | 30.86 | 22.34 |
| L&T Balanced Advantage Fund – Growth – Direct Plan | 30.86 | 22.34 |
| L&T Banking and PSU Debt Fund – Growth – Direct Plan | 20.07 | 17.88 |
| L&T Banking and PSU Debt Fund – Growth – Direct Plan | 20.07 | 17.88 |
| L&T Business Cycle Fund – Growth – Direct Plan | 17.57 | 10.27 |
| L&T Business Cycle Fund – Growth – Direct Plan | 17.57 | 10.27 |
| L&T Conservative Hybrid Fund – Growth – Direct Plan | 41.82 | 35.66 |
| L&T Credit Risk Fund – Growth – Direct Plan | 23.15 | 21.3 |
With the 52-weeks highs and lows, you can understand the volatility of the funds.
Here we have L&T Conservative Hybrid Fund whose 52-weeks high was Rs.41.82 but the low was 35.66 which is a very small gap and thus volatility was less.
Then there is L&T Balanced Advantage Fund with Rs.30.86 as the 52-week high and Rs.22.34 as the 52-week low. So, there had been a bit of volatility in the price of these funds.
L&T AMC Customer Care Details
| Address of AMC | 309, 3rd floor, Trade Centre, Bandra Kurla Complex, Bandra (East), Mumbai – 400 051 |
| Telephone Number | +91 (22) 61366600 |
| Fax Number | +91 (22) 61366603/04 |
| ltmf@lntmf.com |
The customer care of L&T Mutual Fund AMC is efficient and takes care of the clients.
You can reach them by calling as well on the number given in the table above.
The different websites and social media platform links are also given in the table above which you can use for checking details about the firm.
L&T Mutual Fund AMC- Important Links
| Website | www.lntmf.com |
| L&T Mutual Fund Login | https://online.lntmf.com/ |
| L&T Mutual Fund App | NA |
| Facebook Link | https://www.facebook.com/lntmutualfund/?fref=ts |
| Twitter Link | https://twitter.com/lntmutualfund |
| Youtube Link | https://www.youtube.com/channel/UCN4UIwUKiMHER6qyyp4M5_w |
Conclusion- L&T Mutual Fund AMC
To summarize it all, we can say, L&T Mutual Fund AMC is one of the top AMCs in the country. It provides opportunities and investment options for all types of investors.
The exceptional fund managers, customer care executives, directors make it a smooth journey for the investors to invest in funds with L&T.
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