L&T Midcap Fund Overview

Mutual Fund

L&T Midcap Fund is an open-ended mid-cap equity fund. It was launched on August 9, 2004. The investment objective of this fund is to invest in the stocks of the mid-cap companies for long term capital generation. 

L&T Midcap Fund is managed by Mr. S.N Lahiri and Mr. Vihang Naik. This fund invests in equity-related securities in addition to mid-cap stocks. You can invest in L&T Midcap Fund sip mode which is very pocket-friendly. L&T Midcap Fund growth scheme helps in earning a high return.

L&T Midcap Fund Facts

  • Based on L&T Midcap Mutual Fund review, this fund allocates 88.55% of its portfolio in equity stocks, out of which 62.59% in mid-cap, 17.33% in small-cap and 8.63% in large-cap stocks.
  • This fund also invests in debt related securities up to a maximum of 20% to maintain a diversified portfolio.
  • The sectoral allocation of L&T Midcap Fund is mainly banking and financial companies.
  • While investing in L&T Midcap Fund mutual fund scheme online, you must keep in mind that, you may not always gain from this investment. A moderate loss is also possible. 
  • L&T Midcap Fund growth investment is favorable for those who aim to earn a high return with an investment period of a minimum of 4 to 5 years.

Top 5 Sectors of L&T Midcap Fund

S.No. Holding Name Net Assets (in %)
1 Miscellaneous 11.5
2 Bank – Private 7.92
3 Pharmaceuticals and Drugs 7.2
4 Cement and Construction Materials 5.94
5 Finance – NBFC 5.14

(as on date- 08/04/2019)

Top 5 Sectors of L&T Midcap Fund

S.No. Holding Name Net Assets (in %)
1 Tri Party Repo Dealing System (TREPS) 8.9
2 RBL Bank Limited 3.79
3 City Union Bank Limited 3.58
4 Emami Limited 2.59
5 The Ramco Cements Limited 2.29
6 Cholamandalam Investment and Finance Company Limited 2.05
7 Torrent Pharmaceuticals Limited 2
8 EIH Limited 1.97
9 The Indian Hotels Company Limited 1.96
10 ACC Limited 1.89

(as on date- 08/04/2019)

Details of L&T Midcap Fund

Date of Inception- 9th August 2004

Fund Manager- Mr. Vihang Naik, Mr. S.N Lahiri

Benchmark- Nifty Midcap 100 TRI Index

Riskometer- Moderately High

Return Since Since Launch- 19.38%

AUM- Rs. 4389.70 crore (as on 31st Mar 2019)

Following table depicts the performance of L&T Midcap Fund-

  1-Year 3-Year 5-Year 10-Year
Fund -6.60 17.32 22.09 22.88
S&P BSE Mid Cap TRI -6.27 14.44 17.86 18.21
Category -5.72 13.12 18.42 21.60
Rank within Category 13 1 1 6
Number of funds in category 23 20 20 16
As on Apr 08, 2019

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