L&T Mutual Fund
L&T Mutual Fund

L&T Midcap Fund

L&T Midcap Fund - Fund Facts
Fund objective

The investment objective of the Scheme is 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.

Inception date
August 09, 2004
Fund Managers
Mr. S.N. Lahiri and Mr. Vihang Naik
Benchmark index
Nifty Free Float Midcap 100
SIP availability
Yes
Options
Growth and dividend. The dividend option offers dividend payout and dividend reinvestment facilities.
Minimum Investment
Lump sum: Fresh purchase: Rs. 5,000; additional purchase: Rs. 1,000; thereafter in multiples of Re.1.
SIP: Rs. 3,000 (minimum instalment amount of Rs. 500 each, minimum 6 instalments)
Entry Load
NIL
Exit Load

Pursuant to SEBI circular no. SEBI / IMD / CIR No. 6 /172445/ 2009 dated August 7, 2009 and SEBI / IMD / CIR No. 7 /173650 / 2009 dated August 17, 2009, the Scheme shall not be permitted to make distinction between unitholders by charging differential exit loads based on the amount of subscription and such parity shall be made applicable at the portfolio level respectively.

1.00% if redeemed <= 1 year, NIL - if redeemed > 1 year.

Bonus units and units issued on reinvestment of dividends shall not be subject to Exit Load.
Annual Recurring Expenses (As on 17th June, 2017)
2.24%
Annual Recurring Expenses for Direct Plan (As on 17th June, 2017)
1.64%
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 Midcap Fund - Overview
L&T Midcap Fund predominantly invests in companies whose market capitalisation falls between the highest and lowest constituent of the CNX Midcap index. The fund aims to identify companies with strong growth prospects. These companies are potential wealth creators as they could turn out to be future large cap companies. Mid caps are also attractive due to the presence of new businesses and growth opportunities present in sunrise sectors.

Click here to download the scheme brochure.
L&T Midcap Fund - Key Benefits
Mid cap companies may enable participation in the early stages of business therefore, exhibit comparatively higher growth rate compared to their large cap peers.
Generation of alpha for the fund is a function of its stock selection strategies. Stocks are evaluated on the following key criteria:
Management Quality - Corporate governance, proven ability to execute business plan, promoter stake etc are evaluated for stock picking.
Liquidity - The fund endeavors to manage liquidity at the portfolio level.
Competitive Position - core competency of the company is evaluated.
Valuations - the fund is sensitive to the price it pays to acquire a high growth stock, and looks to invest in companies where there maybe a possible valuation gap.
L&T Midcap Fund - Features
Investment Style Details
Scheme Classification
An Open Ended Equity Scheme
Investment Objective
The investment objective of the Scheme is 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.
This product is suitable for investors who are seeking*
  • Long term capital appreciation
  • Investment primarily in midcap equity and equity-related securities
*Investors should consult their financial advisers if in doubt about whether the product is suitable for them.

Normal Asset Allocation
Instruments Indicative Allocation (% of net assets) Risk Profile
  Maximum Minimum  
Equity and equity related securities* 100% 80% Medium to High
Debt Securities, Securitized Debt , & Money Market instruments (including cash/call money) 20% 0% Low to Medium

The above asset allocation pattern is not absolute and can vary depending upon the AMC's perception of the equity, debt and money market as well as the view on interest rates. The asset allocation pattern indicated above may thus be altered on defensive considerations

Terms of issue
Minimum purchase amount Rs.5000 and in multiples of Re.1 thereafter
Minimum additional purchase amount Rs.1000 and in multiples of Re.1 thereafter
Minimum redemption amount/units Rs.500 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
Exit

Pursuant to SEBI circular no. SEBI / IMD / CIR No. 6 /172445/ 2009 dated August 7, 2009 and SEBI / IMD / CIR No. 7 /173650 / 2009 dated August 17, 2009, the Scheme shall not be permitted to make distinction between unitholders by charging differential exit loads based on the amount of subscription and such parity shall be made applicable at the portfolio level respectively.

1.00% if redeemed <= 1 year, NIL - if redeemed > 1 year.

Bonus units and units issued on reinvestment of dividends shall not be subject to Exit Load.

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 Midcap 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 Midcap 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 Midcap Fund - Downloads