CEO Speak

Kailash Kulkarni

Mr Kailash Kulkarni, CEO, L&T Investment Management, shares his views on the FY 2018-19 and the mutual fund industry.


Investment Basics

Duration vs Accrual: Which is the ideal strategy?

Debt fund managers primarily use two strategies to generate gains. Understanding how the strategies work makes it easier for investors to appreciate the risk-return tradeoff of investing in debt funds. The two debt fund strategies are: • Duration • Accrual. Duration - The duration strategy involves investing in debt with an eye on interest rate movements. This is a deliberate strategy wherein the fund manager makes interest rate calls. The focus is on active duration management.


Distributor Corner

RBI retains status-quo for the fourth time in a row

RBI maintains an accommodative stance against the backdrop of higher inflation and macro-economic data. Repo rate unchanges at 6%. Reverse repo rate remains at 5.75%. Retains Marginal Standing Facility (MSF) rate and the Bank Rate at 6.25%. CPI inflation forecast for the first half of FY19 cut to 4.7-5.1% from 5.1-6%


Fund of the month

L&T Infrastructure Fund

INDIA is the world’s 6th largest economy* in absolute GDP terms and one of the fastest growing economies in the world. The role of infrastructure is paramount and foundation stone for any economy to drive forward. Thus, the government has reiterated its focus on infrastructure sector in Union Budget 2017-18 and proposed infrastructure spending of Rs. 3.96 trillion in fiscal 2017-2018* which is expected to positively influence the prospects of the companies in the core infrastructure and allied sectors.


Did You Know

Mutual funds add Rs 4.75 lakh crore in FY18, AUM crosses Rs 23 lakh crore

Mutual funds' assets base surged to over Rs 23 lakh crore in 2017-18, adding Rs 4.75 lakh crore to the kitty, due to a spirited investor awareness campaign by the industry and strong participation from smaller towns. Moreover, fund houses may see robust growth in AUM (asset under management) in the current financial year too, as the penetration levels of mutual funds are still very low in the country.


L&T Infrastructure Fund - An open-ended equity growth scheme

The product is suitable for investors who are seeking*:

  • Long term capital appreciation
  • InveInvestment predominantly in equity and equity-related instruments of companies in the infrastructure sector

*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.