CEO Speak

Kailash Kulkarni

With the country coping with a spate of negative news like the PNB fraud, bad loans and increased protectionist policies being announced abroad, the effect is showing on our markets as well. After a fabulous run in 2017, Indian Mutual Fund Industry along with the capital markets has been weak and volatile in February of 2018. The industry AUM marginally dropped from Rs 22.41 lakh crore levels in January 2018 to Rs 22.20 lakh crore in February 2018.

More...

Investment Basics

Five key features of ELSS

With the tax-saving season having begun, many people are thinking of investing in equity-linked saving schemes (ELSS), where they can get equity-like returns along with the benefit of tax saving. Here is a look at some of the key characteristics and benefits of ELSS: Benefit of tax saving: Tax Benefit under section 80c of the Income Tax Act can be availed through ELSS upto Rs 1.5 lakh per year by either SIP or Lumsum.

More...

Distributor Corner

Macroeconomic Overview

Gross Domestic Products grew by 7.2% in January 2018 on the back of growth in agriculture, manuafacturing and construction sector - this is the highest quarterly growth recorded since the second quarter of FY17. The index of Industrial Production (IIP) rose 7.1% in December 2017 led by the robust performance in manufacturing and a higher off-take of capital and non-durable consumer goods.

more...

Fund of the month

L&T Tax Advantage Fund

Tax Saving & Wealth Creation. Aim at 2 targets with L&T Tax Advantage Fund. Give your money an opportunity to grow and save on tax at the same time. Invest in L&T Tax Advantage Fund - an open ended equity linked savings scheme (ELSS) to maximise your savings. You could also invest in a monthly SIP so that by the end of the financial year, you would have already prepared for your taxes.

more...

UPDATES

Service Update

Paperless KYC at your finger tips. L&T Mutual Fund intoduces Paperless KYC for all our employees at our Kalina and Nariman point offices. We have just made the KYC process easy and simple for all our employees!

more...

Did You Know?

MF's AUM drops by Rs 21,000 cr to Rs 22.2 lakh cr in Feb

The asset base of mutual fund (MF) industry declined by nearly Rs 21,000 crore to Rs 22.2 lakh crore at the end of February, mainly due to outflow from debt segment. In comparison, the assets under management (AUM) of the MF industry, comprising 42 players, were at an all-time high of Rs 22.41 lakh crore at the end of January, as per the data of the Association of Mutual Funds in India (Amfi).

more...

L&T Tax Advantage Fund - An open-ended equity linked savings scheme

The 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.