A Guide To Investing In L&T Mutual Funds

L&T Mutual Fund was established in 1996 by L&T Finance Holdings Limited to offer investment solutions that deliver superior risk-adjusted returns over the long term. The fund house offers a wide range of mutual fund schemes across equity, fixed income, and hybrid categories. It also offers wealth management and portfolio management services. The company has assets under management (AUM) of Rs 63,057 crore as of September 2020. To invest in L&T Mutual Fund, one must complete their KYC (Know Your Customer) process and provide necessary details such as name, permanent address, email id, and mobile number.

What You'll Learn

L&T Mutual Fund's investment options
How to invest online?
Completing your KYC check
Documents required for investment
L&T Mutual Fund's performance and returns

L&T Mutual Fund's investment options

L&T Mutual Fund, established in 1996, offers a wide range of investment options, including equity funds, debt funds, and hybrid funds. The company has a strong presence in India and is known for its solid investment management practices and knowledgeable team of fund managers.

Equity Mutual Funds

L&T Equity Mutual Funds are high-growth schemes that aim for long-term capital appreciation. These funds are suitable for investors with a high-risk appetite and include options such as:

L&T India Value Fund
L&T Emerging Businesses Fund
L&T Tax Advantage Fund
L&T Infrastructure Fund

Debt Mutual Funds

L&T Debt Mutual Funds are fixed-income investment instruments that focus on highly-rated debt securities. These funds are suitable for investors seeking quality returns with limited risk. Some of the top-performing debt funds offered by L&T include:

L&T Short Term Bond Fund
L&T Ultra Short Term Fund
L&T Credit Risk Fund
L&T Banking and PSU Debt Fund

Hybrid Mutual Funds

L&T Hybrid Mutual Funds offer a blend of equities and debt securities in their investment portfolio. The risk exposure depends on the composition of the portfolio. These funds are ideal for investors with a medium-risk appetite, and popular options include:

L&T Hybrid Equity Fund
L&T Arbitrage Opportunities Fund
L&T Balanced Advantage Fund
L&T Equity Savings Fund
L&T Conservative Hybrid Fund

Online Investment Process

Investing in L&T Mutual Funds can be done online through platforms like Paisabazaar.com or Cleartax. The process typically involves registering and creating an account, selecting the desired L&T Mutual Fund, choosing the investment type (SIP or lump sum), entering investment details, and completing the payment.

KYC Requirements

Before investing in L&T Mutual Funds, investors must complete their Know Your Customer (KYC) process, which is mandatory for investing in mutual funds in India. This can be done through the L&T Mutual Fund website or a KYC Registration Agency (KRA). The KYC process requires submitting identity and address proof documents.

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How to invest online

L&T Mutual Fund was established in 1996 by L&T Finance Holdings Limited, a non-banking financial institution and core investment company. It offers a range of financial products and services across retail, corporate, housing, and infrastructure finance sectors, as well as mutual fund products and investment management services.

Step 1: Visit an Online Platform

You can choose to invest in L&T Mutual Funds through an online platform such as Scripbox or Paisabazaar.com. These platforms offer a simple and convenient way to invest in mutual funds.

Step 2: Sign Up and Create an Account

If you are a new user, you will need to create an account on the chosen platform. Provide your personal and contact information, such as your name, email address, and mobile number.

Step 3: Choose Your Investment Option

Once you have created an account, you will be able to browse the available investment options. L&T Mutual Fund offers a range of schemes, including equity funds, debt funds, and hybrid funds. Select the option that aligns with your financial goals and risk appetite.

Step 4: Enter Investment Details

After selecting your investment option, you will need to enter the amount you wish to invest. You will also choose between a Systematic Investment Plan (SIP) or a lump sum investment. A SIP allows you to invest a fixed amount at regular intervals, while a lump sum is a one-time investment.

Step 5: Provide Payment Information

To complete your investment, provide your payment information. This typically includes your bank account details and PAN (Permanent Account Number). Ensure that you are using a secure and reputable platform to protect your financial information.

Step 6: Complete Your KYC

Before investing in mutual funds in India, it is mandatory to complete your Know Your Customer (KYC) process. This is a one-time customer identification process required by the Securities and Exchange Board of India (SEBI). You can complete your KYC online by visiting the website of a KYC Registration Agency (KRA) and providing your personal and address proof, such as your Aadhaar card, passport, voter ID, or driving license.

Step 7: Finalize Your Investment

Review your investment details and confirm your investment. Your mutual fund units will typically be allotted to you within a few working days.

Remember to carefully consider your investment objectives, risk tolerance, and financial situation before investing. Compare different schemes and choose the one that best suits your needs. You can also consult a financial advisor for personalized advice.

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Completing your KYC check

To complete your Mutual Fund eKYC online, you can follow these steps:

Step 1:

Visit the website of L&T Mutual Fund or a KYC Registration Agency (KRA) such as CAMS, Karvy, CSDL Ventures, NSDL, or DotEx International Limited. Create an investor account by filling in your personal details and your Aadhaar-linked mobile number. You will use this number to verify your account with an OTP.

Step 2:

Upload self-attested copies of your Identity Proof and Address Proof. You can use a PAN Card as identity proof and a passport, Voter ID, or driving license as address proof. You may also need to submit passport-size photographs.

Your eKYC process is now complete!

If you are a first-time investor, you may also need to submit additional documents, such as bank account details and nominee and FATCA declarations. However, if you are an existing investor, you only need to provide a few personal and bank account details before you can start investing.

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Documents required for investment

To invest in L&T Mutual Fund, it is necessary to have your KYC (Know Your Customer) details verified. This can be done through a KRA (KYC Registration Agency) such as CAMS, Karvy, CSDL Ventures, NSDL, or NSE-owned DotEx International Limited. You can create an investor account by filling in your personal details and your Aadhaar-linked mobile number to verify the account using an OTP.

If you are a first-time investor, you will need to submit the following documents:

Bank account details
Nominee & FATCA Declarations
Self-attested identity proof (e.g. PAN Card)
Self-attested address proof (e.g. passport, Voter ID, or driving license)
Passport-size photographs

If you are an existing investor, you only need to furnish a few personal and bank account details to start investing instantly.

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L&T Mutual Fund's performance and returns

L&T Mutual Fund was established in 1996 by L&T Finance Holdings Limited after registering with SEBI, the capital market regulator in India. The fund house offers a wide range of mutual fund schemes across equity, fixed income, and hybrid categories.

L&T Investment Management Company, a subsidiary of L&T Financial Services, is one of the leading AMCs in India. It offers financial services for equity, fixed income, mutual fund investment, wealth management, and portfolio management. The AMC follows a three-step process to generate quality returns: generating new ideas, evaluating companies for potential investment, and formulating or monitoring an investment portfolio. This procedure effectively mitigates market risk and generates long-term returns.

L&T Equity Mutual Funds

These are high-growth schemes that help in long-term capital appreciation. Investors with a high-risk appetite can consider investing in these funds to generate high returns.

L&T India Value Fund
L&T Emerging Businesses Fund
L&T Tax Advantage Fund
L&T Infrastructure Fund

L&T Debt Mutual Funds

Debt Mutual Funds are fixed-income investment instruments that predominantly invest in highly-rated debt securities. These are suitable for investors who want quality returns without taking on much risk.

L&T Short Term Bond Fund
L&T Ultra Short Term Fund
L&T Credit Risk Fund
L&T Banking and PSU Debt Fund

L&T Hybrid Mutual Funds

The investment portfolio of Hybrid Mutual Funds consists of a blend of equities and debt securities. The risk exposure depends on its composition and inclination towards equities or debt. These funds are suitable for investors with a medium-risk appetite.