L&T Mutual Fund is a mutual fund company in India. It has many mutual fund schemes that cater to the investment needs of investors. L&T Investment Management Limited is the asset management company for all L&T mutual fund schemes.
Types of L&T Mutual Funds
L&T offers different types of mutual funds with different schemes to suit the investment needs of its customers. Listed below are the different types of mutual funds offered by L&T.
L&T Equity Funds
- A type of mutual fund where investments are made in stocks or equities of companies.,the investment can either be a short, medium or long term. Equity funds offer higher returns when compared to other schemes. They are suitable for investors seeking high risk and long term capital growth.
- L&T Fixed Income Funds A fund that solely invests in fixed income investments such as bonds or certificates of deposits. Investors choosing this type of fund usually rely on their investments to provide a regular flow of income. It is best suited for those with a low-risk appetite.
- L&T Hybrid Funds This is a combination of equities and debt funds. It allows you to get the best of both worlds. This category has funds with different mandates. At least 60% of the fund should be invested in equity-based hybrid funds while the same applies for debt-based hybrid funds.
- L&T Funds of Funds This is a type of fund that invests in other mutual funds. This type of funds allows the investor to obtain diversification in a portfolio of hedge funds.
Why choose L&T Mutual Funds?
L&T provides mutual funds for both risk-averse and risk-loving investors. L&T Mutual Funds has plans to suit every investor’s need.
- It provides a Dividend Transfer Plan (DTP) which allows the investor to transfer their dividends to an open-ended scheme.
- Investors have the option of applying for funds both online and offline.
- It offers low-cost funds and multi-scheme SIPs.
- It offers a top-up SIP facility which allows investors to begin a SIP in any of the schemes and increase the installment amount annually or bi-annually.