Fund Features

Scheme Classification

An open ended equity scheme investing across large cap, mid cap, small cap stocks.

 

Objective

To generate long-term capital growth from a diversified portfolio of predominantly equity and equity-related securities.

Inception date

May 16, 2005

Fund Managers

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

Benchmark index

S&P BSE 500 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)

1.87%  (As on 30th June 2019)

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Annual Recurring Expenses (Direct Plan)

1.24% (As on 30th June 2019)

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Note:

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

NIL

Exit Load

If the units redeemed or switched out are upto 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

 

 

In case of units switched out/systematically transferred to another option within the Scheme and if subsequently redeemed, for the purpose of determining the Exit Load, the date when such units were first allotted in the Scheme will be considered as the purchase/allotment date.

Minimum Initial Application Amount

 

Rs. 5,000 per application

Minimum Additional Application Amount

 

Rs. 1,000 per application

Minimum Amount/Number of Units for Redemption

 

Rs. 500 or 50 Units

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NAV

L&T Equity Fund
Regular, Growth
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Asset Allocation

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

Equity and equity related securities*

100% 80%
95% High

Money market instruments

20%
0% 5% Low to Medium

*Includes investments in offshore securities, ADRs and GDRs not exceeding 10% of the net asset of the Scheme subject to SEBI Guidelines.

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Risk Factor

This product is suitable for investors who are seeking*

 

Long term capital growth 

Investment predominantly in equity and equity-related 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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