L&T Mutual Fund
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).
Types of L&T Mutual Fund
L&T has four type of mutual funds, those are -
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L&T Funds of Funds
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.
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L&T Hybrid Funds
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.
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L&T Fixed Income Funds
This is a low risk investment. Investors can invest on bonds or certificate deposits by this fund.
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L&T Equity Scheme
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.
Why choose L&T Mutual Fund?
- Investors are offered a wide range of mutual funds to invest in.
- Tax benefits are available on offers for investors.
- A lot of products that the company offers have a CRISIL rating of 3 or above.
- Investors have access to all sorts of funds ranging from short term funds to long term funds.
Documents Proof of L&T Mutual Fund
Along with the KYC application of the applicant, following are the essential documents for investing in ICICI Prudential Mutual Fund -
- PAN Card
- AADHAR Card
- Voter's ID
- Passport size Photograph
- Download the KYC form
- The investors will be issued an acknowledgement receipt which he/she needs to submit while applying for subscribing for a mutual fund scheme.
Eligibility Criteria of L&T Mutual Fund
- Adult citizens residing in India.
- Minor through legal guardians/parents.
- Limited liability partnership.
- Religious and charitable trusts.
- Banking and financial institutions
- Mutual Funds or Alternative Investment Funds which have registrations under the Securities and Exchange Board of India
- The Karta of Hindu Undivided Family (HUF)
- Persons of Indian origin residing abroad (PIOs) or Non-Resident Indians can apply for subscription either on repatriation basis or on non-repatriation basis (permitted under Schedule 5 of the Foreign Exchange Management (Transfer or Issue of Security by a Person Resident Outside India) Regulations, 2000)
- Foreign Institutional Investors (FIIs) who have registration under the Securities and Exchange Board of India on repatriation basis (permitted under Schedule 5 of the Foreign Exchange Management (Transfer or Issue of Security by a Person Resident Outside India) Regulations, 2000)
- Mutual Funds or Alternative Investment Funds which have registrations under the Securities and Exchange Board of India
- Other schemes of Mutual Funds subject to the conditions and limits prescribed by SEBI Regulations
