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L&T Mutual Fund

L&T Mutual Fund is offered by L&T Financial Services as part of a range of financial products and services across rural, housing, wholesale financing and wealth management services. L&T Mutual Fund are offered through different funds that cater to various risk appetite of the investor. Equity Funds, Fixed Income Funds, Hybrid Funds and FMPs & Closed-Ended Funds are available with L&T Funds with various schemes to choose from. Detailed information has been outlined below.


Equity Funds

L&T Emerging Businesses Fund

DescriptionAn open-ended equity scheme predominantly investing in small cap stocks.
ObjectiveCreate long-term capital appreciated from a diversified portfolio of equity and equity related securities, including equity derivatives. This scheme also invests in foreign securities.
Benchmark IndexS&P BSE Small Cap TRI Index
Minimum application amountInitial Investment – Rs. 5,000 per application Additional Investment – Rs. 1,000 per application
SIPRs. 500 (minimum 6 monthly instalments or minimum 4 quarterly instalments)
Asset Allocation65%-100% in equity and equity related securities 0%-35% in debt and money market instruments
Entry LoadNil
Exit LoadIf the units redeemed or switched out are up to 10% of the units purchased or switched in (“the limit”) within 1 year from the date of allotment – Nil. If units redeemed or switched out are over and above the limit within 1 year from the date of allotment – 1%. If units are redeemed or switched out on or after 1 year from the date of allotment – Nil.

L&T Equity Fund

DescriptionAn open-ended equity scheme investing across large cap, mid cap and small cap stocks.
ObjectiveCreate long-term capital growth from a diversified portfolio of predominantly equity and equity-related securities.
Benchmark IndexS&P BSE 500 TRI Index
Minimum application amountLump sum of Rs. 5,000 per application and in multiples of Re.1 thereafter
SIPRs. 500 (minimum 6 monthly instalments or minimum 4 quarterly instalments)
Asset Allocation65%-100% in equity and equity related securities including derivatives 0%-35% in debt and money market instruments 0%-10% in units issued by REITs and InvITs
Entry LoadNil
Exit LoadIf the units redeemed or switched out are up to 10% of the units purchased or switched in (“the limit”) within 1 year from the date of allotment – Nil. If units redeemed or switched out are over and above the limit within 1 year from the date of allotment – 1%. If units are redeemed or switched out on or after 1 year from the date of allotment – Nil.

L&T Focused Equity Fund

DescriptionAn open-ended equity scheme investing in maximum 30 stocks in large, mid and small cap companies.
ObjectiveCreate capital appreciation by investing in equity and equity related instruments of maximum 30 stocks.
Benchmark IndexNifty 500 TRI Index
Minimum application amountInitial Investment – Rs. 5,000 per application Additional Investment – Rs. 1,000 per application
SIPRs. 500 (minimum 6 monthly instalments or minimum 4 quarterly instalments)
Asset Allocation80%-100% in equity and equity related securities 0%-20% in money market instruments
Entry LoadNil
Exit LoadIf the units redeemed or switched out are up to 10% of the units purchased or switched in (“the limit”) within 1 year from the date of allotment – Nil. If units redeemed or switched out are over and above the limit within 1 year from the date of allotment – 1%. If units are redeemed or switched out on or after 1 year from the date of allotment – Nil.

L&T Large and Midcap Fund

DescriptionAn open-ended equity scheme investing in both large cap and mid-cap stocks.
ObjectiveCreate long-term capital growth from a diversified portfolio of predominantly equity and equity-related securities with minimum allocation of at least 35% each to large cap and mid cap companies.
Benchmark IndexS&P BSE 200 TRI Index
Minimum application amountInitial Investment – Rs. 5,000 per application Additional Investment – Rs. 1,000 per application
SIPRs. 500 (minimum 6 monthly instalments or minimum 4 quarterly instalments)
Asset Allocation80%-100% in equity and equity related securities 0%-20% in money market instruments
Entry LoadNil
Exit LoadIf the units redeemed or switched out are up to 10% of the units purchased or switched in (“the limit”) within 1 year from the date of allotment – Nil. If units redeemed or switched out are over and above the limit within 1 year from the date of allotment – 1%. If units are redeemed or switched out on or after 1 year from the date of allotment – Nil.

L&T Business Cycles Fund

DescriptionAn open-ended equity scheme
ObjectiveGenerate long-term capital appreciation from a portfolio of predominantly equity and equity related securities including equity derivatives.
Benchmark IndexS&P BSE 200 TRI Index
Minimum application amountInitial Investment – Rs. 5,000 per application Additional Investment – Rs. 1,000 per application
SIPRs. 500 (minimum 6 monthly instalments or minimum 4 quarterly instalments)
Asset Allocation80%-100% in equity and equity related securities 0%-20% in debt and money market instruments
Entry LoadNil
Exit LoadIf the units redeemed or switched out are up to 10% of the units purchased or switched in (“the limit”) within 1 year from the date of allotment – Nil. If units redeemed or switched out are over and above the limit within 1 year from the date of allotment – 1%. If units are redeemed or switched out on or after 1 year from the date of allotment – Nil.

L&T India Large Cap Fund

DescriptionAn open-ended equity scheme predominantly investing in large cap stocks.
ObjectiveGenerate long-term capital appreciation from a diversified portfolio of predominantly equity and equity related securities including equity derivatives in the Indian market.
Benchmark IndexS&P BSE 100 TRI Index
Asset Allocation80%-100% in equity and equity related securities 0%-20% in money market instruments
Entry LoadNil
Exit LoadIf the units redeemed or switched out are up to 10% of the units purchased or switched in (“the limit”) within 1 year from the date of allotment – Nil. If units redeemed or switched out are over and above the limit within 1 year from the date of allotment – 1%. If units are redeemed or switched out on or after 1 year from the date of allotment – Nil.

L&T India Midcap Fund

DescriptionAn open-ended equity scheme predominantly investing in mid cap stocks.
ObjectiveGenerate capital appreciation by investing primarily in midcap stocks.
Benchmark IndexNifty Midcap 100 TRI Index
Minimum application amountInitial Investment – Rs. 5,000 per application Additional Investment – Rs. 1,000 per application
Asset Allocation80%-100% in equity and equity related securities 0%-20% in money market instruments
Entry LoadNil
Exit LoadIf the units redeemed or switched out are up to 10% of the units purchased or switched in (“the limit”) within 1 year from the date of allotment – Nil. If units redeemed or switched out are over and above the limit within 1 year from the date of allotment – 1%. If units are redeemed or switched out on or after 1 year from the date of allotment – Nil.

L&T India Value Fund

DescriptionAn open-ended equity scheme that follows a value investment strategy
ObjectiveGenerate long-term capital appreciation from diversified portfolio of equity and equity related securities in the Indian markets with more focus on undervalued securities.
Benchmark IndexS&B BSE 200 TRI Index
Minimum application amountInitial Investment – Rs. 5,000 per application Additional Investment – Rs. 1,000 per application
SIPRs. 500 (minimum 6 monthly instalments or minimum 4 quarterly instalments)
Asset Allocation80%-100% in equity and equity related securities 0%-20% in money market instruments
Entry LoadNil
Exit LoadIf the units redeemed or switched out are up to 10% of the units purchased or switched in (“the limit”) within 1 year from the date of allotment – Nil. If units redeemed or switched out are over and above the limit within 1 year from the date of allotment – 1%. If units are redeemed or switched out on or after 1 year from the date of allotment – Nil.

L&T India Value Fund

DescriptionAn open-ended equity scheme that follows a value investment strategy
ObjectiveGenerate long-term capital appreciation from a diversified portfolio of equity and equity related securities in the Indian markets with more focus on undervalued securities.
Benchmark IndexS&B BSE 200 TRI Index
Minimum application amountInitial Investment – Rs. 5,000 per application Additional Investment – Rs. 1,000 per application
SIPRs. 500 (minimum 6 monthly instalments or minimum 4 quarterly instalments)
Asset Allocation80%-100% in equity and equity related securities 0%-20% in money market instruments
Entry LoadNil
Exit LoadIf the units redeemed or switched out are up to 10% of the units purchased or switched in (“the limit”) within 1 year from the date of allotment – Nil. If units redeemed or switched out are over and above the limit within 1 year from the date of allotment – 1%. If units are redeemed or switched out on or after 1 year from the date of allotment – Nil.

L&T Tax Advantage Fund

DescriptionAn open-ended equity linked savings scheme with a statutory lock in 3 years and tax benefit
ObjectiveCreate long-term capital growth from a diversified portfolio of predominantly equity and equity-related securities
Benchmark IndexS&B BSE 200 TRI Index
Minimum application amountInitial Investment – Rs. 500 per application Additional Investment – Rs. 500 per application
SIPRs. 500 (minimum 6 monthly instalments or minimum 4 quarterly instalments)
Asset Allocation80%-100% in equity and equity related securities 0%-20% in money market instruments
Entry LoadNil
Exit LoadNil

L&T Infrastructure Fund

DescriptionAn open-ended equity scheme investing in infrastructure sector
ObjectiveGenerate capital appreciation by investing in equity and equity related instruments of companies in the infrastructure sector
Benchmark IndexNifty Infrastructure TRI Index
Minimum application amountInitial Investment – Rs. 5,000 per application Additional Investment – Rs. 1,000 per application
SIPRs. 500 (minimum 6 monthly instalments or minimum 4 quarterly instalments)
Asset Allocation80%-100% in equity and equity related securities 0%-20% in debt and money market instruments
Entry LoadNil
Exit LoadIf the units redeemed or switched out are up to 10% of the units purchased or switched in (“the limit”) within 1 year from the date of allotment – Nil. If units redeemed or switched out are over and above the limit within 1 year from the date of allotment – 1%. If units are redeemed or switched out on or after 1 year from the date of allotment – Nil.

L&T Cash Fund

DescriptionAn open-ended debt scheme that invests in overnight securities
ObjectiveGenerate regular returns in line with overnight rates
Benchmark IndexCRISIL Liquid Fund Index
Minimum application amountGrowth and Dividend – Rs.10,000 per application Daily Dividend Option – Rs. 1,00,000 per application Additional Application Amount – Rs. 1,000 per application
Asset Allocation0%-100% in overnight securities having a maturity of one day
Entry LoadNil
Exit LoadNil If the AMC introduces an Exit Load, a switch-out or a withdrawal under SWP or transfer under STP may also attract the applicable Exit Load like any Redemption. No Exit Load/CDSC will be chargeable in case of switches made between different options of the Scheme. No Exit Load will be chargeable in case of (i) Units allotted on account of dividend reinvestments; and (ii) Units issued by way of bonus, if any

L&T Resurgent India Bond Fund

DescriptionAn open-ended medium-term debt scheme that invests in instruments like the Macaulay duration of the portfolio between 3 and 4 years
ObjectiveGenerate income by primarily investing in debt and money market securities
Benchmark IndexCRISIL Composite Bond Fund Index
Minimum application amountRs. 5,000 per application Additional Application Amount – Rs. 1,000
Asset Allocation0%-100% in Debt instruments 0%-100% in Money market instruments 0%-10% in Units issued by REITs and InvITs
Entry LoadNil
Exit LoadOn or before 1 year from the date of allotment or Purchase applying First in First Out basis - 2% of applicable NAV After 1 year but on or before 2 years from the date of allotment or Purchase applying First in First Out basis - 1% of applicable NAV After 2 years - NIL

L&T Liquid Fund

DescriptionAn open-ended liquid fund
ObjectiveGenerate reasonable returns while maintaining safety and providing superior liquidity to the investor. Investments are predominantly made in a well-diversified and high liquid portfolio of money market instruments, government securities and corporate debt
Benchmark IndexCRISIL Liquid Fund Index
Minimum application amountWeekly Dividend and Growth - 10,000 per application Daily Dividend Reinvestment Plan – Rs. 1,00,000 per application Additional Application Amount – Rs. 1,000
Asset Allocation0%-100% in Debt securities 0%-100% in Money market instruments
Entry LoadNil
Exit LoadNil

L&T Ultra Short-Term Fund

DescriptionAn open-ended ultra-short debt scheme that invests in instruments like the Macaulay duration of the portfolio between 3 months and 6 months
ObjectiveGenerate 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.
Benchmark IndexCRISIL Liquid Fund Index
Minimum application amountGrowth/Weekly Dividend/Monthly Dividend/Semi-annual Dividend: Rs. 10,000 per application Additional Application Amount – Rs. 1,000 per application
Asset Allocation0%-100% in Debt securities 0%-100% in Money market instruments including call/cash money
Entry LoadNil
Exit LoadNil

L&T Low Duration Fund

DescriptionAn open-ended low duration debt scheme that invests in instruments like the Macaulay duration of the portfolio between 6 months and 12 months
ObjectiveGenerate reasonable returns primarily through investments in fixed income securities and money market instruments
Benchmark IndexCRISIL Short Term Bond Fund Index
Minimum application amountRs. 10,000 per application Additional Application Amount – Rs. 1,000 per application
Asset Allocation0%-100% in Debt securities 0%-100% in Money market instruments including call/cash money
Entry LoadNil
Exit LoadIf the units redeemed or switched out are up to 10% of the units purchased or switched in ("the limit") within 3 months from the date of allotment: NIL If the units redeemed or switched out are over and above the limit within 3 months from the date of allotment: 1% of Applicable NAV If the units redeemed or switched out on or after 3 months from the date of allotment: NIL

L&T Banking and PSU Debt Fund

DescriptionAn open-ended debt scheme predominantly investing in debt instruments of banks, PSUs, public financial institutions and municipal bonds
ObjectiveGenerate reasonable returns by primarily investing in debt and money market securities that are issued by Banks, Public Sector Undertakings (PSUs) and Public Financial Institutions (PFIs) in India
Benchmark IndexCRISIL Short Term Bond Fund Index
Minimum application amountRs. 10,000 per application Additional Application Amount – Rs. 1,000 per application
Asset Allocation80%-100% in Debt and money market instruments/securities issued by Banks, Public Sector undertakings and Public Financial Institutions and Municipal Bonds 0%-20% indebt and Money market instruments
Entry LoadNil
Exit LoadNil

L&T Credit Risk Fund

DescriptionAn open-ended debt scheme predominantly investing in AA and below rated corporate bonds
ObjectiveGenerate regular returns and capital appreciation by primarily investing in AA and below rated corporate bonds, debt, government securities and money market instruments
Benchmark IndexCRISIL Short Term Bond Fund Index
Minimum application amountRs. 10,000 per application Additional Application Amount – Rs. 1,000 per application
Asset Allocation0%-100% in Debt instruments 0%-100% in Money Market instruments 0%-10% in Units issued by REITs and InvITs
Entry LoadNil
Exit Loadif the units redeemed or switched-out are up to 10% of the units purchased or switched in ("the limit") within 1 year from the date of allotment: NIL If units redeemed or switched out are over and above the limit within 1 year from the date of allotment: 1 (% of Applicable NAV) If units are redeemed or switched out on or after 1 year from the date of allotment: NIL Bonus units and units issued on reinvestment of dividends shall not be subject to Exit Load.

L&T Short Term Bond Fund

DescriptionAn open-ended short-term debt scheme investing in instruments such that Macaulay duration of the portfolio is between one and three years
ObjectiveGenerate regular returns and capital appreciation by investing in debt, government and money market securities
Benchmark IndexCRISIL Short Term Bond Fund Index
Minimum application amountRs. 10,000 per application Additional Application Amount – Rs. 1,000 per application
Asset Allocation0%-100% in Debt instruments 0%-100% in Money Market instruments
Entry LoadNil
Exit LoadNil

L&T Money Market Fund

DescriptionAn open-ended debt scheme investing in money market instruments
ObjectiveGenerate regular income through investment in a portfolio comprising substantially of money market instruments
Benchmark IndexCRISIL Liquid Fund Index
Minimum application amountRs. 10,000 per application Additional Application Amount – Rs. 1,000 per application
Asset Allocation0%-100% in Money Market instruments
Entry LoadNil
Exit LoadNil If the AMC introduces an Exit Load, a switch-out or a withdrawal under SWP or transfer under STP may also attract the applicable Exit Load like any redemption

L&T Gilt Fund

DescriptionAn open-ended debt scheme investing in government securities across maturity
ObjectiveGenerate returns from a portfolio concentrating on Government securities
Benchmark IndexI-Sec Composite Index
Minimum application amountRs. 10,000 per application Additional Application Amount – Rs. 1,000 per application
Asset Allocation80%-100% in Government securities including Treasury Bills & CBLO 0%-20% in Money Market instruments
Entry LoadNil
Exit LoadNil

L&T Triple Ace Bond Fund

DescriptionAn open-ended debt scheme predominantly investing in AA+ and above rated corporate bonds
ObjectiveGenerate regular return by investing predominantly in AA+ and above rated debt and money market instruments
Benchmark IndexCRISIL Composite Bond Fund Index
Minimum application amountRs. 10,000 per application Additional Application Amount – Rs. 1,000 per application
Asset Allocation80%-100% in AA+ and above rated corporate debt instruments including CBLO 0%-20% in Money Market instruments
Entry LoadNil
Exit LoadIf the amount sought to be redeemed or switched out is invested for a period of up to 3 months from the date of allotment.: 0.5% of applicable NAV If the amount sought to be redeemed or switched out is invested for a period of more than 3 months from the date of allotment.: NIL

L&T Flexi Bond Fund

DescriptionAn open-ended dynamic debt scheme investing across duration
ObjectiveGenerate reasonable returns through a diversified portfolio of fixed income securities
Benchmark IndexCRISIL Composite Bond Fund Index
Minimum application amountRs. 10,000 per application Additional Application Amount – Rs. 1,000 per application
Asset Allocation0%-100% in Debt instruments 0%-100% in Money Market instruments 0% - 10% in Units issued by REITs and InvITs
Entry LoadNil
Exit LoadWithin 1 year from the date of allotment or Purchase applying First in First Out basis - 0.5% of applicable NAV After 1 year from the date of allotment or Purchase applying First in First Out basis – NIL

L&T Hybrid Equity Fund

DescriptionAn open-ended hybrid scheme investing predominantly in equity and equity related instruments
ObjectiveGenerate long-term capital appreciation from a diversified portfolio of predominantly equity and equity related securities and to generate reasonable returns through a portfolio of debt and money market instruments
Benchmark Index70% - S&P BSE 200 TRI Index + 30% CRISIL Short Term Bond Fund Index
Minimum application amountRs. 5,000 per application Additional Application Amount – Rs. 1,000 per application
Asset Allocation65%-75% in Equity and Equity related securities 25%-35% in Debt & Money Market instruments including units of debt/fixed income schemes launched by mutual funds registered by SEBI
Entry LoadNil
Exit Load
  • If the units redeemed or switched out are up to 10% of the units purchased or switched in ("the limit") within 1 year from the date of allotment: Nil
  • If units redeemed or switched out are over and above the limit within 1 year from the date of allotment: 1 % of Applicable NAV
  • If units are redeemed or switched out on or after 1 year from the date of allotment: NIL
  • A switch-out or a withdrawal under SWP may also attract an Exit Load like any Redemption.
  • No Exit Load/CDSC will be chargeable in case of switches made between different options of the Scheme.
  • No Exit Load will be chargeable in respect of redemption/switch out of
  • (I) Units allotted on account of dividend re-investments; and
  • (ii) Units issued by way of bonus, if any.

L&T Conservative Hybrid Fund

DescriptionAn open-ended hybrid scheme investing predominantly in debt instruments
ObjectiveGenerate regular 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
Benchmark IndexCRISIL MIP Blended Fund Index
Minimum application amountRs. 10,000 per application

Additional Application Amount – Rs. 1,000 per application

Asset Allocation75%-90% in Debt, Money Markets & Government Securities
  • 10%-25% in Equity and Equity related securities
Entry LoadNil
Exit Load
  • If the units redeemed or switched-out are up to 10% of the units (the limit) purchased or switched within 1 year from the date of allotment: NIL
  • If units redeemed or switched out over and above the limit within 1 year from the date of allotment: 1% of applicable NAV
  • If units are redeemed or switched out on or after 1 year from the date of allotment: NIL

L&T Balanced Advantage Fund

DescriptionAn open-ended dynamic asset allocation fund
ObjectiveGenerate long term capital appreciation from a diversified portfolio of equity and equity related securities and to generate reasonable returns by investing in a portfolio of debt and money market instruments and arbitrage opportunities in the cash and derivatives segments of the equity markets
Benchmark Index50% S&P BSE 200 TRI and 50% CRISIL Short Term Bond Fund Index
Minimum application amountRs. 5,000 per application
  • Additional Application Amount – Rs. 1,000 per application
Asset Allocation
  • 65%-100% in Equity and Equity related securities
  • 20%-90% in Net Long Equity
  • 0%-70% in Equity and Equity Derivatives
Entry LoadNil
Exit Load
  • If the units redeemed or switched out are up to 10% of the units purchased or switched in ("the limit") within 1 year from the date of allotment: Nil
  • If units redeemed or switched out are over and above the limit within 1 year from the date of allotment: 1
  • If units are redeemed or switched out on or after 1 year from the date of allotment: Nil'
  • A switch out or withdrawal under SWP or transfer under STP (Except a transfer under STP (except a switch out or transfer under STP into any of the equity schemes or Fund of Fund schemes) may also attract an exit load/cdsc like any redemption.
  • No Exit Load/CDSC will be chargeable in case of switches made between different options of the Scheme.
  • No Exit Load will be chargeable in respect of redemption / switch out of redemption of; (i) Units allotted on account of dividend.
  • In case of units switched out/systematically transferred to another option/plan within the same plan/Scheme and if subsequently redeemed, for the purpose of determining the Exit Load, the date when such units were first allotted in the respective plan/Scheme will be considered as the purchase/allotment date.

L&T Arbitrage Opportunities Fund

DescriptionAn open-ended scheme investing in arbitrage opportunities
ObjectiveGenerate reasonable returns by predominantly investing in arbitrage opportunities in the cash and derivatives segments of the equity markets and by investing balance in debt and money market instruments
Benchmark IndexNifty 50 Arbitrage TRI Index
Minimum application amountRs. 5,000 per application
  • Additional Application Amount – Rs. 1,000 per application
Asset Allocation
  • 65%-90% in Equity and Equity related securities
  • 10%-35% in Debt and money market instruments including units of liquid schemes launched by mutual fund
Entry LoadNil
Exit Load
  • For redemption on or before 1 month from the date of allotment or Purchase applying First in First out basis - 0.50% of Applicable NAV.
  • After 1 month from the date of allotment or Purchase applying First in First out basis - NIL
  • A switch-out or a withdrawal under SWP may also attract an Exit Load like any Redemption.
  • No Exit Load will be chargeable in case of switches made between different options of the Scheme.
  • No Exit Load will be chargeable in case of (i) Units allotted on account of dividend re-investments; and (ii) Units issued by way of bonus, if any.

L&T Equity Savings Fund

DescriptionAn open-ended scheme investing in equity, arbitrage and debt
ObjectiveGenerate regular income by predominantly investing in arbitrage opportunities in the cash and derivatives segments of the equity markets, debt and money market instruments and to generate long-term capital appreciation through unhedged exposure to equity and equity related instruments
Benchmark IndexNifty 50 Arbitrage Index (75%) and S&P BSE 200 TRI (25%)
Minimum application amountRs. 5,000 per application
  • Additional Application Amount – Rs. 1,000 per application
Asset Allocation
  • 65%-90% in Equity and Equity related instruments
  • 20%-50% in Equity and Equity related derivatives
  • 15%-45% in Net long equity
  • 10%-35% in Debt, Money Market Instruments and Government securities
Entry LoadNil
Exit Load
  • If the units redeemed or switched out are up to 10% of the units purchased or switched in ("the limit") within 1 year from the date of allotment: Nil
  • If units redeemed or switched out are over and above the limit within 1 year from the date of allotment: 1 (% of Applicable NAV)
  • If units are redeemed or switched out on or after 1 year from the date of allotment: Nil
  • A switch-out or a withdrawal under SWP may also attract an Exit Load like any Redemption.
  • No Exit Load will be chargeable in case of switches made between different options of the Scheme.
  • No Exit Load will be chargeable in respect of redemption/switch out of (i) Units allotted on account of dividend re-investments; and (ii) Units issued by way of bonus, if any

Fixed Maturity Plans – Series XVIII

DescriptionClose ended Debt Fund
ObjectiveAchieve growth of capital through investments made in a basket of debt/ fixed income securities (including money market instruments) maturing on or before the maturity of the Scheme.
Benchmark IndexCRISIL Composite Bond Fund Index
Minimum application amountRs. 5,000 per application
Asset Allocation
  • 90%-100% in Debt instruments
  • 0%-10% in Money Market instruments
Entry LoadNil
Exit LoadSince the Units under a Plan will be listed on the National Stock Exchange, redemption request will not be accepted by the Fund directly before the Maturity Date

Fixed Maturity Plans – Series XVII

DescriptionClose ended Debt Fund
ObjectiveAchieve growth of capital through investments made in a basket of debt/ fixed income securities (including money market instruments) maturing on or before the maturity of the Scheme
Benchmark IndexCRISIL Composite Bond Fund Index
Minimum application amountRs. 5,000 per application
Asset Allocation
  • 90%-100% in Debt instruments
  • 0%-10% in Money Market instruments
Entry LoadNA
Exit LoadNA

Fixed Maturity Plans – Series XVI

DescriptionClose ended Debt Fund
ObjectiveAchieve growth of capital through investments made in a basket of debt/ fixed income securities (including money market instruments) maturing on or before the maturity of the Scheme
Benchmark IndexCRISIL Composite Bond Fund Index
Minimum application amountRs. 5,000 per application
Asset Allocation
  • 90%-100% in Debt instruments
  • 0%-10% in Money Market instruments
Entry LoadNA
Exit LoadNA

Fixed Maturity Plans – Series XIV

DescriptionClose ended Debt Fund
ObjectiveAchieve growth of capital through investments made in a basket of debt/ fixed income securities (including money market instruments) maturing on or before the maturity of the Scheme
Benchmark IndexCRISIL Composite Bond Fund Index
Minimum application amountRs. 5,000 per application
Asset Allocation
  • 90%-100% in Debt instruments
  • 0%-10% in Money Market instruments
Entry LoadNA
Exit LoadSince the Units under a Plan will be listed on the National Stock Exchange, redemption request will not be accepted by the Fund directly before the Maturity Date

L&T Emerging Opportunities Fund – Series I

DescriptionClose ended Equity Fund predominantly investing in small cap stocks
ObjectiveProvide capital appreciation by primarily investing in equity and equity related instruments of small cap companies
Benchmark IndexS&P BSE Small Cap Index
Minimum application amountRs. 5,000 per application
Asset Allocation
  • 65%-100% in Equity and equity related securities of small cap companies
  • 0%-35% in Equity and equity related securities other than small cap companies
  • 0%-20% in Debt, Money Market Instruments
Entry LoadNA
Exit LoadSince the Units under a Plan will be listed on the National Stock Exchange, redemption request will not be accepted by the Fund directly before the Maturity Date

L&T Emerging Opportunities Fund – Series II

DescriptionClose ended Equity Fund predominantly investing in small cap stocks
ObjectiveProvide capital appreciation by primarily investing in equity and equity related instruments of small cap companies
Benchmark IndexS&P BSE Small Cap TRI Index
Minimum application amountRs. 5,000 per application
Asset Allocation
  • 65%-100% in Equity and equity related securities of small cap companies
  • 0%-35% in Equity and equity related securities other than small cap companies
  • 0%-20% in Debt, Money Market Instruments
Entry LoadNA
Exit LoadNo redemption/repurchase of units shall be allowed prior to the maturity of the Scheme. Investors wishing to exit may do so through stock exchange mode

Apart from the submission of the application form for investing in a mutual fund scheme with L&T, there are some additional documents which are required.

  • Updated KYC Form
  • Self-attested PAN Card copy
  • Proof of Identity
  • Proof of Address
  • Demand Draft or Cheque for making the payment

How to invest in L&T Mutual Fund?

The easiest and best way to invest in L&T Mutual Fund is online. L&T Mutual Fund has a dedicated portal for this service. One needs to create a login and password to access the account for all future transactions. As an existing customer of L&T Mutual Fund, there is no need for additional documents to open an account online and start transactions. It is also possible to view your existing investments through the online account.

One can download the application forms and other forms required from the official website of L&T Mutual Fund. The completed form can be submitted physically at any of the L&T Mutual Fund offices across the country.


1. How many funds does L&T Mutual Fund offer?

L&T Mutual Fund is broadly classified as Equity Funds, Fixed Income Funds, Hybrid Funds and FMPs & Closed-Ended Funds. These funds have different risk levels and objectives to cater to various requirements of investors.

2. Are Non-Resident Indians allowed to invest in L&T Mutual Fund?

Yes, NRIs are allowed to invest in L&T Mutual Fund. Specific guidelines have been laid out for such investors.

2. Can L&T Mutual Fund change the asset allocation when investing the funds from the investors?

Yes, the fund managers are allowed flexibility to change the pattern of investment depending on the market conditions for earning the best returns.

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