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L&T Mutual Fund

L&T Mutual Fund

The asset management company of L&T Mutual Fund, L&T Investment Management, was founded in 1996 and operated under L&T Finance Holdings Limited, a publicly-listed company registered with RBI as an NBFC. The AMC offers fixed income, financial planning, asset management, mutual funds, equities, advisory services, and investment services. The investment management company is set up to meet the needs of investors through its varied range of mutual fund schemes. The AMC currently manages assets worth about INR 78,000 crores, and its offerings include 36 equity funds, 71 debt, and 24 hybrid funds.

Best L&T Mutual Fund

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L&T Mutual Fund has solid investment management practices and a knowledgeable team of fund managers. Its philosophy is to assure gains for investors through active portfolio management and research-backed stock selection. The company has a physical presence across India through sales offices and service centres. View More

It also provides SIP mutual funds, mutual fund calculator, returns calculator, investment news, ELSS tax saving fund, and other tools on its website to allow investing online. The L&T Mutual Fund Online in India is known for its transparent and intuitive interface.

The company relies on sound investment management practices to deliver risk-adjusted returns to investors. This is across its various equity, debt, and hybrid investment solutions that continue to outperform key indices at every turn. L&T is aided by an experienced and knowledgeable management team and strong intellectual capital accumulated over the years. A tech-enabled platform with an intuitive interface makes it all the simpler to buy L&T Mutual Funds online.

L&T Finance’s investment management arm got its start being carved from its big treasury desk. The company acquired DBS Chola in 2010 and Fidelity Mutual Funds in 2012, officially entering the big leagues in Indian capital markets. Since then, the company has witnessed steady growth with evergrowing AUMs and market-beating fund performances. The company successfully used these acquisitions to expand its retail and equity presence further, arrest the AUM tilt towards debt, and has since performed well, with AUMs growing from INR 12,000 crores in 2012 to INR 78,000 crores today. However, the staggering growth rates fell short of peers such as Axis Mutual Fund and Mirae, who jumped ranks and continue to rule the roost in Indian equity markets.

L&T Investment Management is now 100% owned by HSBC Asset Management. While the operating structure and management remain in place, this can add plenty of value to investors, given HSBC’s global exposure and substantial track record in this niche. With the parent company’s presence in key markets and the synergies arising from this acquisition, the merged entity can unlock substantial value across the board.

L&T Mutual Fund Key Information

  • Founded on
  • 3rd January 1997
  • Name of the Mutual Fund
  • L&T Mutual Fund
  • Date of Incorporation
  • 25th April 1996
  • Sponsor Name
  • L&T Finance Holdings Ltd.
  • Trustee Name
  • L&T Mutual Fund Trustee Ltd.
  • Chairman
  • Mr M.V. Nair
  • Managing Director & Chief Executive Officer
  • Mr Kailash Kulkarni
  • Chief Operating Offier / Chief Finance Officer
  • Mr Soumendra Nath Lahiri
  • Auditor
  • M/s Sharp & Tannan Ravindra Annexe, 194, Churchgate Reclamation,Dinshaw Vachha Road,Mumbai 400020
  • Address
  • 6th floor, Brindavan, Plot No. 177, CST Road, Kalina, Santacruz (E), Mumbai – 400 098 Tel: +91 22 66554000 Fax : + 91 22 66554070

L&T Mutual Fund Managers

Venugopal Manghat - Equity - Co-head of equities

Currently serving as the co-head of equities at L&T Mutual Fund, Mr Venugopal Manghat has a total experience of over 27 years in the Indian equity market. He has experience in three areas of investment management – dealing, research and fund management. He manages an AUM of around INR 33,628 crore, and his portfolio includes L&T Equity Savings Fund, L&T India Value Fund, L&T Equity Fund, L&T Tax Advantage Fund, and many others. Before joining L&T Mutual Fund, Mr Manghat was the Co-head of Equities at Tata Asset Management, where he worked for more than 16 years.

Soumendra Nath Lahiri - Equity - CIO and Head of Equities

The present CIO and Head of Equities at L&T Mutual Fund, Mr Soumendra Nath Lahiri, manages assets worth INR 31,000 crores across multiple schemes, including L&T Infrastructure Fund, L&T Hybrid Equity Fund, L&T Midcap Fund, L&T Tax Advantage Fund, L&T Equity Fund, etc. He worked at Canara Robeco Asset Management Company as Head of Equities and fund manager before joining L&T Mutual Fund.

Vihang Naik - Fund Manager

Vihang Naik is a fund manager at L&T Investment Management with an overall experience of 11 years in equity research. He manages L&T Long Term Advantage Fund and L&T Emerging Opportunities Fund and co-manages L&T Midcap Fund. Before this, he was a Research Analyst with MF Global Sify Securities, Motilal Oswal Securities and SBI Cap Limited. He manages an AUM of INR 29,807 crores.

Vikas Garg

Cheenu Gupta. - Fund Manager

L&T Mutual Fund appointed Cheenu Gupta as a fund manager in 2021. She manages 5 schemes of L&T Mutual Fund – L&T Hybrid Equity Fund, L&T Tax Advantage Fund, L&T Large and Midcap Fund, L&T Equity Savings Fund and L&T Conservative Hybrid Fund. In addition, she also co-manages 4 schemes – L&T Infrastructure Fund, L&T Business Cycles Fund, L&T India Large Cap Fund and L&T Balanced Advantage Fund.

She has over 16 years of work experience. Before this, she worked at Canara Robeco MF, ING Investment Management and Tata AIA Life Insurance.

How to Invest in L&T Mutual Fund?

You can invest in any L&T Mutual fund scheme via 5paisa App and Website. You will need an All-in-one account with 5paisa to start your mutual fund investments. If you do not have one, open an account today! View More

Opening an All-in-one account with 5paisa is simple and hassle-free.

You can follow the below steps to invest in L&T Mutual Fund on 5paisa.

Step 1 – Login to 5paisa. If you do not have an account, you can register and create a new one immediately. The process is simple and takes hardly any time.

Step 2 – Once logged in to your account, you can search for the preferred L&T Mutual fund scheme. Alternatively, you can view All Mutual Funds and choose L&T AMC from the filter. The page will show you all the mutual funds offered by the AMC. You can look at the funds’ details and compare them.

Step 3 – Select the best fund as per your requirements and goals. For your convenience, 5paisa has segregated the funds into large-cap, mid-cap, small-cap, multi-cap, ELSS, dividend yield, sectoral/thematic and focused. Each category will also show the top funds you can invest in.

Step 4 – If you wish to invest a lumpsum amount, click on “One-Time.” Alternatively, you can start a SIP by clicking on “Start SIP”. You can also find lump sum and SIP calculators on the 5paisa website and app to calculate the estimated return on the whole investment period. The calculator will help you make an informed decision and tweak your investment amount or tenure to meet your goals.

Step 5 – Once you have paid, you will see the investment status in your order book.

Your L&T Mutual Fund Online Investment with 5paisa is complete, and you can enjoy the returns!

Top 10 L&T Mutual Fund to Invest

  • Fund Name
  • Min SIP Investment Amt
  • AUM (Cr.)
  • 3Y Return

HSBC Arbitrage Fund – Direct Growth is an Arbitrage scheme that was launched on 30-06-14 and is currently under the management of our experienced fund manager Ritesh Jain. With an impressive AUM of ₹1,795 Crores, this scheme's latest NAV is ₹17.6642 as of 18-08-23.

HSBC Arbitrage Fund – Direct Growth scheme has delivered a return performance of 7.2% in the last 1 year, 5.2% in the last 3 years, and an 6.4% since its launch. With a minimum SIP investment of just ₹5,000, this scheme offers a great investment opportunity for those looking to invest in Arbitrage funds.

  • Min SIP Investment Amt
  • ₹5,000
  • AUM (Cr.)
  • ₹1,795
  • 3Y Return
  • 7.2%

HSBC Small Cap Fund – Direct Growth is an Small Cap scheme that was launched on 12-05-14 and is currently under the management of our experienced fund manager Venugopal Manghat. With an impressive AUM of ₹10,766 Crores, this scheme's latest NAV is ₹63.6201 as of 18-08-23.

HSBC Small Cap Fund – Direct Growth scheme has delivered a return performance of 27.9% in the last 1 year, 42.6% in the last 3 years, and an 22.1% since its launch. With a minimum SIP investment of just ₹5,000, this scheme offers a great investment opportunity for those looking to invest in Small Cap funds.

  • Min SIP Investment Amt
  • ₹5,000
  • AUM (Cr.)
  • ₹10,766
  • 3Y Return
  • 27.9%

HSBC Value Fund – Direct Growth is an Value scheme that was launched on 02-01-13 and is currently under the management of our experienced fund manager Venugopal Manghat. With an impressive AUM of ₹9,077 Crores, this scheme's latest NAV is ₹77.8738 as of 18-08-23.

HSBC Value Fund – Direct Growth scheme has delivered a return performance of 23.4% in the last 1 year, 28.3% in the last 3 years, and an 18.9% since its launch. With a minimum SIP investment of just ₹5,000, this scheme offers a great investment opportunity for those looking to invest in Value funds.

  • Min SIP Investment Amt
  • ₹5,000
  • AUM (Cr.)
  • ₹9,077
  • 3Y Return
  • 23.4%

HSBC Infrastructure Fund – Direct Growth is an Sectoral / Thematic scheme that was launched on 02-01-13 and is currently under the management of our experienced fund manager Venugopal Manghat. With an impressive AUM of ₹1,850 Crores, this scheme's latest NAV is ₹35.0253 as of 18-08-23.

HSBC Infrastructure Fund – Direct Growth scheme has delivered a return performance of 30.2% in the last 1 year, 35.8% in the last 3 years, and an 16.8% since its launch. With a minimum SIP investment of just ₹5,000, this scheme offers a great investment opportunity for those looking to invest in Sectoral / Thematic funds.

  • Min SIP Investment Amt
  • ₹5,000
  • AUM (Cr.)
  • ₹1,850
  • 3Y Return
  • 30.2%

L&T Focused Equity Fund – Direct Growth is an Focused scheme that was launched on 05-11-18 and is currently under the management of our experienced fund manager Venugopal Manghat. With an impressive AUM of ₹946 Crores, this scheme's latest NAV is ₹16.6585 as of 25-11-22.

L&T Focused Equity Fund – Direct Growth scheme has delivered a return performance of 19.4% in the last 1 year, 24.3% in the last 3 years, and an - since its launch. With a minimum SIP investment of just ₹5,000, this scheme offers a great investment opportunity for those looking to invest in Focused funds.

  • Min SIP Investment Amt
  • ₹5,000
  • AUM (Cr.)
  • ₹946
  • 3Y Return
  • 19.4%

HSBC Aggressive Hybrid Fund – Direct Growth is an Aggressive Hybrid scheme that was launched on 02-01-13 and is currently under the management of our experienced fund manager Shriram Ramanathan. With an impressive AUM of ₹4,947 Crores, this scheme's latest NAV is ₹45.291 as of 18-08-23.

HSBC Aggressive Hybrid Fund – Direct Growth scheme has delivered a return performance of 11.7% in the last 1 year, 16.3% in the last 3 years, and an 13.7% since its launch. With a minimum SIP investment of just ₹5,000, this scheme offers a great investment opportunity for those looking to invest in Aggressive Hybrid funds.

  • Min SIP Investment Amt
  • ₹5,000
  • AUM (Cr.)
  • ₹4,947
  • 3Y Return
  • 11.7%

HSBC Balanced Advantage Fund – Direct Growth is an Dynamic Asset Allocation or Balanced Advantage scheme that was launched on 02-01-13 and is currently under the management of our experienced fund manager Ritesh Jain. With an impressive AUM of ₹1,414 Crores, this scheme's latest NAV is ₹38.5788 as of 18-08-23.

HSBC Balanced Advantage Fund – Direct Growth scheme has delivered a return performance of 10.5% in the last 1 year, 9.7% in the last 3 years, and an 11.5% since its launch. With a minimum SIP investment of just ₹5,000, this scheme offers a great investment opportunity for those looking to invest in Dynamic Asset Allocation or Balanced Advantage funds.

  • Min SIP Investment Amt
  • ₹5,000
  • AUM (Cr.)
  • ₹1,414
  • 3Y Return
  • 10.5%

L&T Conservative Hybrid Fund – Direct Growth is an Conservative Hybrid scheme that was launched on 02-01-13 and is currently under the management of our experienced fund manager Venugopal Manghat. With an impressive AUM of ₹39 Crores, this scheme's latest NAV is ₹46.6964 as of 25-11-22.

L&T Conservative Hybrid Fund – Direct Growth scheme has delivered a return performance of 21.2% in the last 1 year, 22.1% in the last 3 years, and an - since its launch. With a minimum SIP investment of just ₹5,000, this scheme offers a great investment opportunity for those looking to invest in Conservative Hybrid funds.

  • Min SIP Investment Amt
  • ₹5,000
  • AUM (Cr.)
  • ₹39
  • 3Y Return
  • 21.2%

HSBC Medium Duration Fund – Direct Growth is an Medium Duration scheme that was launched on 04-02-15 and is currently under the management of our experienced fund manager Shriram Ramanathan. With an impressive AUM of ₹690 Crores, this scheme's latest NAV is ₹18.9708 as of 18-08-23.

HSBC Medium Duration Fund – Direct Growth scheme has delivered a return performance of 7.3% in the last 1 year, 6.5% in the last 3 years, and an 7.8% since its launch. With a minimum SIP investment of just ₹5,000, this scheme offers a great investment opportunity for those looking to invest in Medium Duration funds.

  • Min SIP Investment Amt
  • ₹5,000
  • AUM (Cr.)
  • ₹690
  • 3Y Return
  • 7.3%

HSBC Short Duration Fund – Direct Growth is an Short Duration scheme that was launched on 02-01-13 and is currently under the management of our experienced fund manager Shriram Ramanathan. With an impressive AUM of ₹3,394 Crores, this scheme's latest NAV is ₹24.1167 as of 18-08-23.

HSBC Short Duration Fund – Direct Growth scheme has delivered a return performance of 6.1% in the last 1 year, 4.5% in the last 3 years, and an 7.6% since its launch. With a minimum SIP investment of just ₹5,000, this scheme offers a great investment opportunity for those looking to invest in Short Duration funds.

  • Min SIP Investment Amt
  • ₹5,000
  • AUM (Cr.)
  • ₹3,394
  • 3Y Return
  • 6.1%

Frequently Asked Questions

How can I invest in an L&T mutual fund?

You can easily invest in any of your preferred L&T mutual funds by making an account at 5Paisa. You can follow a simple process to get your mutual fund started. Another option is to log in to the fund’s AMC website to invest in a mutual fund online. Alternatively, you can use any other online platform to invest in an L&T mutual fund.

You can also do it offline by visiting an office of the fund house, filling out the form and completing the other formalities.

What is the right SIP amount for the L&T mutual fund?

You can calculate the SIP amount by considering a few factors. The expected interest rate, past performance of the mutual fund, your goals and objectives, and preferred tenure for the fund can help you decide the SIP amount.

Can I increase my SIP amount midway?

Yes, it is possible to increase your SIP amount even when you have already started your fund investments. You can opt for either top-up or step-up facilities. Most fund houses now offer this facility compared to a few years earlier when the SIP amount was fixed throughout the tenure. It is advisable to check with your fund house and get an idea of the SIP amount before deciding.

How can I redeem the L&T mutual fund?

You can redeem or withdraw your L&T mutual fund by visiting the office of the fund house and filling out the required form. It is also possible to redeem your L&T mutual fund by logging in to the fund’s official website and signing in the folio number.

If you used an online platform to invest in a mutual fund, you could log in to exit your L&T mutual fund.

How much should I invest in an L&T Mutual Fund SIP?

The answer depends upon your financial goals. The 5paisa mutual fund SIP calculator can help you discern the expected returns by changing your SIP amount and tenure. It is advisable to keep the amount to a reasonable amount so that your monthly budget is not affected.

What is the minimum amount to start an L&T mutual fund SIP online?

The minimum amount for each L&T mutual fund depends on your selected option. However, the lowest amount you can choose for an IDFC mutual fund SIP is INR 500, while it is INR 5000 for a lump sum investment.

Can I stop my SIP investments?

Yes, you can easily stop your SIP investments by sending a request to cancel your SIP. Make sure you have completed three years if your fund is an Equity Linked Saving Scheme or ELSS. You must share your folio number to complete this process online. For other online websites, you can follow their process to stop your investment.

Stopping your investment does not mean you are redeeming your mutual fund. You can let your investment stay and withdraw at an appropriate time.

What are the additional benefits of investing in L&T mutual funds with 5Paisa?

With 5Paisa, you can easily invest in L&T Mutual Fund and other investment options at ZERO commission. In addition, investing with 5Paisa is safe and enables you to the benefits such as:

  • Professional Management
  • Simple SIP or lump sum investment process
  • Liquidity Transparency
  • You can invest in mutual funds by starting a SIP as low as INR 500 or with a lump sum of INR 5000
  • Flexibility to choose from a wide range of options
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