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 |
