L&T Monthly Income Plan ranked as a 5 Star Fund by ICRA

L&T Monthly Income Plan (MIP) has bagged the coveted 5 Star Ranking Award from ICRA, in the category of 'Open Ended Marginal Equity' schemes for its 3 year performance till December 31, 2010 during the ICRA Mutual Fund Awards 2011.

The rank is an outcome of an objective and comparative analysis against various parameters, including: risk adjusted return, fund size, company concentration and portfolio turnover. The ranking methodology did not take into account loads imposed by the Fund. There were 45 schemes considered in 'Open Ended Marginal Equity' category for the ranking exercise.

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About ICRA Online: ICRON, a wholly-owned subsidiary of ICRA Limited, is a leading information services, outsourcing solutions and technology solutions provider and caters for some of the biggest names in the financial services sector in India and abroad, which is a testimony to its product quality, commitment and credibility. ICRON was incorporated in January 1999 and has over the period since then established itself as an independent and credible source of authentic information and software solutions for financial services as well as an outsourcing solutions provider.

Past Performance may or may not be sustained in future and is no guarantee of future results.