L&T Mutual Fund was founded on 2010. L&T Mutual Fund is owned and subsidiary of L&T Finance Holdings Ltd, This is sponsored by L&T which is India's one of the leading private sector with more than 130 subsidiaries and 15 associate companies. The headquarter of this company is at Mumbai. L&T has the AUM of Rs.73,000 cr. (as on September 2018).
L&T has four type of mutual funds, those are -
As the name suggested L&T Fund of Funds invested in other mutual funds of their house which helps investors to have the diversification in their portfolio.
L&T Hybrid Mutual Funds offers their investors to access on both equity and debt. Funds. Investors can invest 60% of their money on equity based hybrid funds.
This is a low risk investment. Investors can invest on bonds or certificate deposits by this fund.
In this scheme the money will be invested on stocks or equities. This fund has risk but with amount of return it is worth it.
Along with the KYC application of the applicant, following are the essential documents for investing in ICICI Prudential Mutual Fund -
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