L&T Emerging Businesses Fund Review
About L&T Mutual Fund
Founded in the year 2010, L&T mutual fund is a part of L&T finance holdings Ltd. It has an Assets Under Management (AUM) of more than INR 73,000 crore (ending September 2018). They believe in the vision to be Inspirational, Sustainable, and an Admirable institution.
There are certain benefits of L&T Mutual Fund. Here:
- Fund managers and analysts are expertise in providing new ideas.
- l&t mutual fund customer care follow up at every step with the client.
- Reliability, forgiving, and clarity are their goals.
- Prefer talking in the language of the investor.
About L&T Emerging Businesses Fund
L&T Emerging Businesses Fund is an equity mutual fund scheme that was launched by L&T mutual fund. On 12th May 2014 it was introduced to its investors. Currently, the fund is managed by Karan Desai, and Soumendra Nath Lahiri. Also, the fund has an AUM of INR 6006 Cr. And the latest NAV is INR 22.34 (dated as of 16th December 2019). The fund growth is rated high-risk. The minimum SIP is INR 500, and, minimum lumpsum is INR 5000.
Objective of L&T Emerging Businesses Fund
The objective is to generate long term capital appreciation from a diversified portfolio of pre-dominantly equity & equity-related securities that certainly includes equity derivatives. Additionally, the scheme can also invest in foreign securities. However, there is no assurance/guarantee that the objective of the scheme will be realized.
At 15% returns are taxed only if you redeem before one year. But after a year, you are liable to pay LTCG tax of 10% on returns of INR 1 lakh+ in a financial year.
The expense ratio of L&T Emerging Businesses Fund is 0.71% and cash holding is 11.09%. Talking about NAV which is 22.342; Exit load is 1% for 365 days.
|Stock Invested in||Sector||% of Total Holdings|
|Vst Industries Ltd.||Cigarettes||3.78%|
|Mahanagar Gas Ltd.||Lpg/cng/png/lng supplier||3.06%|
|Sanofi India Ltd.||Pharmaceuticals||2.65%|
|Persistent Systems Ltd.||Computers – software||2.57%|
|Bharat Earth Movers Ltd.||Industrial equipment||2.43%|
|K.P.R. Mill Ltd.||Fabrics and garments||2.31%|
|Grindwell Norton Ltd.||Abrasives||2.20%|
|Abbott India Ltd.||Pharmaceuticals||2.06%|
|DCB Bank Ltd.||Banks||1.88%|
|Finolex Industries Ltd.||Plastic products||1.81%|
How to Invest L&T Emerging Businesses Fund with Gulaq?
L&T mutual fund online investment is not a fuss, especially with Gulaq. With hassle-free and paperless documentation, the summing-up of your investment journey becomes easy. All you need to do is sign-in at gulaq.com. Check your KYC for FREE. Select the L&T Emerging Businesses Fund and the returns; goals you are looking for. Fill in the amount and the way you are willing to opt for the investment (either SIP or Lumpsum). Hit the button ‘Invest Now’.
Yay! it’s done!
*Mutual fund investments are subject to market risks. Please read the scheme information and other related documents carefully before investing.