NEW DELHI: As part of the strategy to strengthen its investment management team, L&T Mutual Fund has appointed Sonal Gupta as head of research - equity, and Ankit Manubhai Patel as senior credit analyst - fixed income. The fund house recently appointed Cheenu Gupta as fund manager for certain schemes.
The BSE Sensex crossed the 55,000-mark for the first time last week. The markets took around six month to rally from the 50,000-mark to this level.
The Nifty Metal Index has surpassed other sectoral indices to log maximum gains in the past year. It has even outshone the benchmark index. But analysts feel the current trend is a business cycle instead of a supercycle. Besides, the metals index has a high beta against the Nifty, which makes it a risky bet.
There is a net outflow in the small-cap category indicating that investors may have started booking profits as market and small-cap index continue to surge. The mutual fund route to save for one’s financial goals is turning out to be on the right path.
Happy to announce, we have crossed another milestone with the launch of the Investor Transaction App.
The Mobile App will help ease transactions for our investors in L&T Mutual Fund. The App 'L&T Invest Xpress' is available on both the Google Playstore and Apple Store.
LTMF’s new referral program aims to help distributors scale up their business through a seamless online referral process, with a unique link created for each distributor with his registered email id embedded, which ensures no delay in the lead to conversion journey.
Mutual Fund investments are subject to market risks, read all scheme related documents carefully.