L&T Mutual Fund
L&T Mutual Fund

L&T Gilt Fund

L&T Gilt Fund - Fund Facts
Fund objective
The investment objective of the Scheme will be to generate returns from a portfolio from investments in Government Securities.
Inception date
29-Mar-2000
Fund Managers
Mr. Jalpan Shah
Benchmark index
I-Sec Composite Index
SIP availability
SIP is available in L&T Gilt Fund.
Options
Investment Plan:
  • Dividend
    (Reinvestment and Pay-out) - Quarterly Dividend
  • Cumulative
    The unitholders can also avail Systematic Appreciation Withdrawal Facility (SAWF) under the Cumulative option. All Plans/ Options have a common portfolio.
(Reinvestment and Pay-out) - Quarterly Dividend
Cumulative
The unitholders can also avail Systematic Appreciation Withdrawal Facility (SAWF) under the Cumulative option. All Plans/ Options have a common portfolio.
Minimum Investment
A minimum of Rs. 10,000/- per application and in multiples of Re. 1/- thereafter
Lump sum
Initial Investment: Rs.10,000 and in multiples of Re. 1/- thereafter
SIP
Minimum installment amount: Rs. 1,000
Minimum no. of installments: Monthly - 6 | Quarterly - 4
Minimum aggregate investment amount: Rs. 6,000
All the above three conditions are to be jointly fulfilled.
Entry Load
NIL
In terms of SEBI circular no. SEBI/IMD/CIR No.4/ 168230/09 dated June 30, 2009, no entry load will be charged by the Scheme to the investor effective August 1, 2009. Upfront commission shall be paid directly by the investor to the AMFI registered Distributors based on the investors' assessment of various factors including the service rendered by the distributor.
Exit Load

Nil

Annual Recurring Expenses (As on 11th March, 2017)
1.70%
Annual Recurring Expenses for Direct Plan (As on 11th March, 2017)
0.45%
Note:
The above ratio includes 20 bps of additional expenses.
Apart from the above-mentioned expenses, additional expenses of up to 0.30% of daily net assets of the scheme, in compliance with the conditions prescribed and service tax on investment management fees are also being charged.
Dividend History
Click here to view dividend history.
L&T Gilt Fund - Overview
The L&T Gilt Fund aims to deliver G-sec linked returns by investing in securities issued by the central and state governments or in reverse repos of such securities, or in any security that is unconditionally guaranteed by the central or state governments. The fund manager will take into account the current economic environment while constructing and managing the portfolio to maximise longer term risk adjusted returns.
L&T Gilt Fund - Key Benefits

The fund is managed actively and tries to predict the likely direction of interest rates and position the portfolio accordingly.

Aims to Invests a minimum of 80% of its net assets in g-secs and t-bills.

Maximum portfolio maturity of the scheme shall not exceed 12 years.

L&T Gilt Fund - Features
Investment Style Details
Scheme Classification
An Open Ended Dedicated Gilt (Government Securities) Scheme.
Investment Objective
The investment objective of the Scheme will be to generate returns from a portfolio from investments in Government Securities.
This product is suitable for investors who are seeking*
  • Generation of returns over medium to long term
  • Investment in Government Securities
*Investors should consult their financial advisers if in doubt about whether the product is suitable for them.

Normal Asset Allocation
Government securities including Treasury Bills 80% - 100%
Money market instruments (including CBLO/reverse repos) 0% - 20%

Terms of issue
Minimum purchase amount A minimum of Rs. 10,000/- per application and in multiples of Re. 1/- thereafter
Minimum additional purchase amount A minimum of Rs. 1,000/- per application and in multiples of Re. 1/- thereafter
Minimum redemption amount/units A minimum of Rs. 500/- per application or 50 units.

Statutory
L&T Mutual Fund has been established as a trust under the Indian Trust Act, 1882 by L&T Finance Holdings 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 lnvestment Management Limited as the Investment Manager.
Loads
Entry
NIL
In terms of SEBI circular no. SEBI/IMD/CIR No.4/ 168230/09 dated June 30, 2009, no entry load will be charged by the Scheme to the investor effective August 1, 2009. Upfront commission shall be paid directly by the investor to the AMFI registered Distributors based on the investors' assessment of various factors including the service rendered by the distributor.
Exit
NIL
General Services
Investors can contact any of the ISCs at its toll-free number " 1800 2000 400 ". NAVs will be calculated and published on all Business Days. Purchase/Redemption on all Business Days.
Risk factors

Mutual Fund investments are subject to market risks, read all scheme related documents carefully.

L&T Gilt Fund - How to Invest
To invest online

Click here to invest online instantly*.


In case you require any more information on investing in the L&T Gilt Fund, please call our toll-free Investor Line on 1800 2000 400 between 9am to 6pm on any business day.
To invest offline

Click here to download the KIM and Application form.
Or
Contact your Relationship Manager at your bank, your adviser or your distributor for an application form.
L&T Gilt Fund - Downloads