Fund Features

Scheme Classification

An open ended equity scheme predominantly investing in small cap stocks



To generate long-term capital appreciation from a diversified portfolio of predominantly equity and equity related securities, including equity derivatives, in the Indian markets with key theme focus being emerging companies (small cap stocks). The Scheme could also additionally invest in Foreign Securities.


Emerging companies are businesses which are typically in the early stage of development and have the potential to grow their revenues and profits at a higher rate as compared to broader market.

There is no assurance that the objective of the Scheme will be realised and the Scheme does not assure or guarantee any returns.


Inception date

May 13, 2014

Fund Managers

S.N. Lahiri and Karan Desai (for investments in Foreign Securities)

Benchmark index

S&P BSE Small Cap TRI Index

SIP availability

Yes. (For more information on SIP, please refer to the section on "Facilities Offered to Investors under the Scheme" in the SID)

Annual Recurring Expenses (Regular Plan )

1.85%  (As on 16 January 2019)

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Annual Recurring Expenses (Direct Plan)

0.76%  (As on 16 January 2019)

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The above ratio includes 5 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 GST on investment management fees are also being charged.

Entry Load


Exit Load

For Redemption Within 1 year from the date of allotment or Purchase applying First-in-First-Out basis:- 1% of the applicable NAV.


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 reinvestments; and (ii) Units issued by way of bonus, if any


Minimum Initial Application Amount

Rs. 5,000 per application and in multiples of Re. 1 thereafter

Minimum Additional Application Amount

Rs. 1,000 per application and in multiples of Re.1 thereafter

Minimum Amount/ Number of Units for Redemption

Rs. 500 or 50 Units



L&T Emerging Businesses Fund
Regular, Growth

Asset Allocation

Asset Allocation is represented as:
Indicative Allocation (% of net assets) Risk Profile
Maximum Minimum

Equity and equity related securities*(including Indian and foreign equity securities
as permitted by SEBI/RBI^)

100% 65%

Debt and money market instruments

35% 0% Low to Medium

* The Scheme will invest at least 65% of its total assets in small cap stocks. Small Cap stocks will comprise of any equity and equity related instruments of companies that are ranked beyond 250 based on the full market capitalization. This includes investments in equity derivatives up to 50% of the total assets of the Scheme Investment in Securitized debt, if undertaken, would not exceed 20% of the total assets of the Scheme.

^ The Scheme may invest in Foreign Securities upto 10% of its net assets subject to the Eligible Investment Amount. Investments in Foreign Securities shall be subject to the investment restrictions specified by SEBI/RBI from time to time.


Sector Allocation

% Sector Allocation

Risk Factor

This product is suitable for investors who are seeking*


Long term capital appreciation

Investment predominantly in equity and equity-related securities, including equity derivatives in Indian markets with key theme focus being emerging companies (small cap stocks); and foreign securities


*Investors should consult their financial advisers if in doubt about whether the product is suitable for them.


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




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