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Why is L&T MF Special

L&T Mutual Fund has a credible track record of its schemes, some of which have been creating wealth for investors for over a decade.

These schemes have witnessed the most turbulent of times in the history of the nation and have emerged as the preferred schemes of choice for investors.

Noteworthy among them is the first ever launched AAA rated debt fund, The L&T Triple Ace Fund and the first Multicap Fund, the L&T Multicap Fund in the industry.

Since our founding, L&T Mutual Fund has been sincerely committed to principles that guide our fund management, our investment processes, and the financial advice we give our investors.

Over the years, these practices have led to the formation of a unique investment philosophy which has been key to the success of our investors.

We welcome you to L&T Mutual Fund and invite you to explore our funds so that they can benefit you—whether you are New to Mutual Funds, a Mutual Fund Investor or a Distributor.

Disclaimer

The Information published in this website is for information purposes only and should not be construed as an offer or solicitation of an offer for purchase of any securities or any of the Schemes of L&T Mutual Fund. The information contained in this site is for general information only and does not have regard to specific investment objectives, financial situation and the particular needs of any specific person who may receive it. L&T Mutual Fund has taken all necessary precautions to ensure that the information contained on this website is current, accurate and complete at the time of publication. Recipient of any document / information should understand that statements made herein regarding future prospects may not be realized. He / She should also understand that any reference to the securities/ sectors in the document is only for illustration purpose; and are not recommendations from author or Mutual Fund / AMC. Neither this website, information contained herein nor the units of L&T Mutual Fund have been registered in any jurisdiction; hence please be guided by applicable laws before investing in the Schemes of L&T Mutual Fund. No representations or warranties are made (express or implied) as to the reliability, accuracy or completeness of such information, L&T Mutual Fund or L&T Investment Management Limited or L&T Mutual Fund Trustee Limited or any of its associates cannot be held liable for any loss arising directly or indirectly from the use of, or any action taken in on, any information appearing on this website.

In addition, no warranty is given as to the freedom of this website from errors, defects, viruses or other malicious programs or macros.

Value Research Fund Ratings are a composite measure of historical risk-adjusted returns. In the case of equity and hybrid funds this rating is based on the weighted average monthly returns for the last 3 and 5-year periods. These ratings do not take into consideration any entry or exit load. 5-stars indicate that a fund is in the top 10% of its category in terms of historical risk-adjusted returns. 4 star indicates that a fund is in the next 22.5%. The Value Research Ratings are published in Monthly Mutual Fund Performance Report and Mutual Fund Insight. The Ratings are subject to change every month. The Rating is based on primary data provided by respective funds, Value Research does not guarantee the accuracy.

Value Research Fund Returns & Ranking: The return computations assume reinvestment of dividend and are adjusted for any bonus or rights. All trailing returns for over one-year period are annualised, while returns for less than one-year are percentage change. Funds are ranked on the basis of their return position in the respective Value Research Fund Category. Number of funds indicates the total number of funds ranked in respective fund category and the time period.

ETIG Quarterly Mutual Fund Tracker: The ETIG list Mutual Fund (MF) schemes on the basis of their risk-adjusted performance. The period under consideration is 3 years. The return score is arrived by allotting 60% weight to the past 3 year’s absolute return and 40% weight to the past 1 year return. These weighted returns are compared vis-a-vis the average return for the category under consideration to arrive at the return score for each scheme. The top 10% funds in each category are then classified as 'Platinum' funds; the next 20% are graded 'Gold' while the next 40% are classified as 'Silver'.

ICRA Ranking Methodology: L&T Monthly Income Plan has been ranked as a Five Star Fund in the category of 'Open Ended Marginal Equity' schemes for its 3 year performance till December 31, 2010. 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. The rank is neither a certificate of statutory compliance nor any guarantee on the future performance of L&T Mutual Fund. Ranking Source & Publisher: ICRA Online Limited.

Risk Factors

All investments in mutual funds and securities are subject to market risks and the NAV of the Schemes of the Fund may go up or down depending upon the factors and forces affecting the securities market. Investment in mutual fund units involves investment risks such as trading volumes, settlement risk, liquidity risk, default risk including the possible loss of principal. Past performance of the Sponsor/AMC/Mutual Fund does not guarantee future performance of the Schemes. The Sponsor is not responsible or liable for any loss resulting from the operation of the Schemes beyond the initial contribution of Rs. 1 lakh made by it towards setting up the Fund. The names of the Schemes/Plans/Mutual Fund do not in any manner indicate either the quality of the Schemes or its future prospects and returns; and are only the names of the Schemes/Plans. There can be no assurance that the objectives of the Schemes/Plans/Mutual Fund will be achieved. Schemes specific risk factors: Investment in the Schemes shall be subject to various risks including but not limited to risk associated with: Investment in Equity and Equity related Instruments & Bonds such as Performance Risk, Credit Risk, Reinvestment Risk, Interest Rate Risk, Investment in Derivatives, Securitised Debt, etc. For L&T Monthly Income Plan - Monthly Income is not assureed and is subject to distributable surplus. Please read the Scheme Information Document and Statement of Additional Information carefully before investing.

Statutory Details:
L&T Mutual Fund has been established as a trust under the Indian Trust Act, 1882 by L&T Finance Limited, Sponsor/ Settlor (liability restricted to the seed corpus of Rs. 1 lakh) with L&T Mutual Fund Trustee Limited as the Trustee Company and L&T Investment Management Limited as the Investment Manager.

Investment objective and classification:
L&T Opportunities Fund (an Open Ended Growth Fund): The Scheme will invest mainly to generate long term capital appreciation from a diversified portfolio of equity and equity related securities. The fund will invest in a universe of stocks, which will be identified using fundamental analysis. The fund will invest in a portfolio of both value and growth stocks. The strategy will be to build up diversified portfolio of quality stocks, with medium to long term potential.L&T Hedged Equity Fund (an Open Ended Equity Scheme): To generate long term capital appreciation by investing in equity, equity related and derivative instruments. The fund seeks to minimize risk by use of hedging instruments such as index and stock derivative instruments. The aim is to generate returns with a lower volatility. L&T Midcap Fund (an open-ended equity scheme): To generate capital appreciation by investing primarily in midcap stocks. The scheme will invest primarily in companies whose market capitalization falls between the highest and the lowest constituent of the CNX Midcap Index. L&T Growth Fund (an open ended growth fund): To generate long term capital appreciation income through investment in equity and equity related instruments; the secondary objective is to generate some current income and distribute dividend. L&T Tax Saver Fund (an Open Ended Equity Linked Tax Savings Scheme): To provide long term capital appreciation by investing predominantly in equity and equity related instruments and also enabling investors to get income tax rebate as per the prevailing Tax Laws and subject to applicable condition. L&T Multi-Cap Fund (an open ended equity scheme): To provide long term capital appreciation by investing in a well-diversified portfolio of equity & equity related instruments across all ranges of market capitalization. L&T Contra Fund (an open-ended equity scheme): To generate capital appreciation by investing in equity and equity related instruments by using a 'contrarian strategy'. Contrarian investing refers to buying into fundamentally sound scripts which have underperformed / not performed to their full potential in their recent past. L&T Global Advantage Fund (an open ended equity scheme): To provide long term capital appreciation and/or income distribution by investing predominantly in equity/equity related instruments of Indian companies with export competitiveness and Indian companies which have or which are expanding their business in global markets. L&T Tax Advantage Fund - Series I (a 10 years close ended Equity Linked Saving Scheme, subject to a lock in for a period of three years from date of allotment): To generate long-term capital growth from a diversified portfolio of predominantly equity and equity-related securities and also enabling investors to get income tax rebate as per the prevailing Tax Laws and subject to applicable conditions. L&T Infrastructure Fund (an open ended equity scheme): To generate capital appreciation by investing predominantly in equity and equity related instruments of companies in the infrastructure sector. L&T Small Cap Fund (an open ended equity scheme): To generate long term capital appreciation by investing predominantly in equity and equity related instruments of companies with "small market capitalization". "Small - cap companies for the purpose of this Fund, are companies whose market capitalization is in between the highest and lowest market capitalization of small-cap companies on BSE Small Cap Index at the time of investment." L&T Triple Ace Fund (an open ended pure income scheme): To generate regular and stable income for the unit holders of the Scheme. The corpus of the scheme would be invested primarily in debt market securities such as non-convertible debentures, bonds issued by corporates, bank and government, commercial paper, certificate of deposits and other money market instruments. The scheme would invest predominantly insecurities rated by the Credit Rating and Information Services of India Limited (CRISIL), or any other rating agency. L&T Freedom Income - Short Term Fund (an open ended pure income scheme): To generate reasonable and stable income and provide liquidity to the unit holder. To achieve this objective the scheme will invest predominantly in a well diversified and highly liquid portfolio of money market instruments, government securities and corporate debt. The scheme will not invest in equities or equity related instruments. L&T Floating Rate Fund (an open ended income scheme): The primary objective of the scheme to generate regular income through investment in a portfolio comprising substantially of floating rate debt / money market instruments, fixed rate debt / money market instruments swapped for floating rate returns, and fixed rate debt securities, Government securities and money market instruments. L&T Liquid Fund (an open ended high liquidity income fund): To generate reasonable returns while maintaining safety and providing the investor superior liquidity. To achieve this objective, investments will be predominantly made in a well-diversified and highly liquid portfolio of money market instruments, government securities and corporate debt. L&T Monthly Income Plan (Monthly Income is not assured and is subject to the availability of distributable surplus) (an open ended income scheme with no assured returns): the primary investment objective is to generate monthly income through investments in a range of Debt, Equity and Money Market Instruments. Income will be distributed only if the same is earned by the scheme and there can be no assurance that the objective of the scheme will be realized. L&T Gilt Fund (an open ended dedicated Gilt scheme): To generate returns from a portfolio by investments in government securities. L&T Select Income Fund-Flexi Debt Fund (an open ended income scheme): The Scheme seeks to generate regular returns and capital appreciation by investing in debt (including securitized debt), government and money market securities. L&T Fixed Maturity Plan - Series 12 (all Plans), L&T FMP - I (all Plans), L&T FMP – II (all Plans) and L&T FMP – III (all Plans) (A Close Ended Income Scheme) - The investment objective of the Scheme/ Plan would be to achieve growth of capital through investments made in a basket of fixed income securities maturing on or before the maturity of the Scheme/ Plan.

Load Structure:
L&T Midcap Fund, L&T Opportunities Fund, L&T Multi-Cap Fund, L&T Growth Fund, L&T Contra Fund, L&T Hedged Equity Fund, L&T Global Advantage Fund, L&T Infrastructure Fund, L&T Monthly Income Plan, L&T Triple Ace Fund and L&T Small Cap Fund: Entry Load – Nil. Exit Load - 1% if redeemed ≤ 1 year; Nil - if redeemed > 1 year. For L&T Tax Saver Fund, L&T Tax Advantage Fund – Series I, L&T Floating Rate Fund, L&T Liquid Fund, L&T Freedom Income - Short Term Fund, L&T Fixed Maturity Plan – Series 12 (all Plans), L&T FMP – I (all Plans), L&T FMP – II (all Plans) and L&T FMP – III (all Plans): Entry Load and Exit Load – Nil. In case of L&T Gilt Fund: Entry Load – Nil. Exit Load - 0.25% if redeemed ≤1 month. In case of L&T Select Income Fund - Flexi Debt Fund: Entry Load – Nil. Exit Load - 0.25% if redeemed ≤ 30 days. Nil if redeemed > 30 days. Bonus units and units issued on reinvestment of dividends shall not be subject to exit load. The investor is requested to check the prevailing load structure of the Scheme before investing.

Terms of Issue:
Units of the Schemes are being offered at NAV based prices, subject to the prevailing loads (except L&T Tax Advantage Fund – Series I and L&T Fixed Maturity Plan – Series 12 (all Plans), L&T FMP – I (all Plans) L&T FMP – II (all Plans) and L&T FMP – III (all Plans). The AMC calculates and publishes NAVs and offers for sale, redemption and switch outs, units of the Schemes on all Business Days, at the Applicable NAV of the Schemes. In case of L&T Tax Saver Fund and L&T Tax Advantage Fund – Series I, the units can be redeemed only after expiry of lock-in period of 3 years from the date of allotment. L&T Tax Advantage Fund – Series I is a 10 years close ended Equity Linked Saving Scheme. In case of L&T Fixed Maturity Plan – Series 12 (all Plans), L&T FMP – I (all Plans), L&T FMP – II (all Plans) and L&T FMP – III (all Plans) no redemption/ repurchase of units shall be allowed prior to the maturity of the Scheme/ Plans. Investors willing to exit may do so, only in demat mode, where the Scheme/ Plans will be listed.

Scheme Information Document, Statement of Additional Information, Key Information Memorandum and Application Forms are available at Mutual Fund Branches / Mutual Fund website at www.lntmf.com or at Investor Service Centres/ Distributors.

Disclaimer:
The units of L&T Fixed Maturity Plan – Series 12 (all Plans),L&T FMP – I (all Plans) L&T FMP – II (all Plans) and L&T FMP – III (all Plans) are listed on National Stock Exchange of India Limited (NSE). It is to be distinctly understood that the permission given by NSE should not in any way be deemed or construed that the Scheme Information Document has been cleared or approved by NSE nor does it certify the correctness or completeness of any of the contents of the Draft Scheme Information Document. The investors are advised to refer to the Scheme Information Document for the full text of the 'Disclaimer Clause' of NSE.