L&T Mutual Fund

L&T Investment Management Ltd.
The company is a wholly-owned subsidiary of L&T Finance Holdings Ltd., which is a publicly-listed NBFC.
The AMC is set up as a trust under the Indian Trust Act, 1882 and registered with SEBI under the registration number MF/035/97/9.- Generation of ideas
For example, internal and external research, macro-economic analysis, through research of the market, and team meetings all contribute to such ideas in case of fixed income funds.

– Evaluation of companies
Opportunities are identified through numerous parameters like market capitalisation ownership, liquidity, etc. These filters are then thoroughly evaluated to check corporate governance, management track record, balance sheet strength, competitive positioning, business attractiveness, profitability, and valuations for equities.

– Manufacturing or monitoring of portfolios
Fund managers continually monitor portfolios to ensure they are reaching their financial objectives and within the determined risk levels. They may close the fund after meeting the targeted price, or when there are better investment options available, or if its performance has deteriorated.

As of FY 2017-18, the company has a total income of Rs. 1,20,356.11 Lakh, profit before tax of Rs. 25,527.36 Lakh, and a profit after tax of Rs. 16,635.59 Lakh.

L&T Investment Management Ltd.

Key information

Mutual fund L&T Mutual Fund
Asset management company L&T Investment Management Ltd.
Set up 3 January 1997
Incorporated 25 April 1996
Sponsors L&T Finance Holdings Ltd.
Trustee L&T Mutual Fund Trustee Ltd.
Name of trustees Mr. S. V. Haribhakti (Independent Director) Mr. V. Natarajan (Independent Director) Mr. Hemant Y. Joshi (Independent Director) Ms. Malini Thadani (Independent Director)
MD and CEO Mr. Kailash Kulkarni
CIO Mr. Soumendra Nath Lahiri
Investor Service Officer Mr. Ankur Banthiya
Compliance Officer Ms. Pushpavathi Kaundar

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Top Fund Managers

1. Mr. Soumendra Nath Lahiri

Mr. Soumendra Nath Lahiri currently serves as the Chief Investment Officer and Head of Equities at L&T Mutual Fund since 2012. He was initially the Head of Equities at Dolat Investments Ltd. back in 1995. In 2004, he joined DSP Merill Lynch Investment Managers Private Ltd. as a Co-Head of Equities. Mr. Lahiri moved to Fortuna Capital in 2008 as the Chief Investment Officer of Advisory Services. Three years later, he joined Emkay Investment Managers Ltd. as the Chief Investment Officer of PMS Equity Investment. In 2011, he joined Canara Robeco Asset Management Company Ltd. as a Fund Manager and the Head of Equities.
Mr. Lahiri holds a degree in Mechanical Engineering and an MBA degree from IIM Bangalore.

2. Mr. Vihang Naik

He holds a BMS degree from the University of Mumbai. Mr. Naik is also a Chartered Financial Analyst from the CFA Institute.

3. Mr. Venugopal Manghat

Mr. Venugopal Manghat manages an AuM of Rs. 10,574 Crore invested in 18 schemes like L&T India Large Cap Fund, L&T Business Cycles Fund, L&T India Value Fund, L&T Conservative Hybrid Fund, L&T Equity Savings Fund, L&T Arbitrage Opportunities Fund, etc.
He was initially a member and Equity Research Analyst at the Mumbai Stock Exchange in 1993. In 1995, he joined Tata Asset Management Ltd, where he held several positions like Management Trainee, Member of the Senior Management Team, Head of Research, Co-Head of Equities, and Portfolio Manager before moving to L&T Mutual Fund.
Mr. Manghat holds a B.Sc degree in Mathematics and is an MBA degree in Finance. He has also cleared the certification level of BSE Institute.

4. Mr. Jalpan Shah

He manages an AuM of Rs. 28,847 Crore with 44 schemes like L&T Gilt Fund, L&T Flexi Bond Fund, L&T Money Market Fund, L&T Banking and PSU Debt Fund, L&T Short Term Bond Fund.He was a Research Analyst at UTI Mutual Fund in 2004. Mr. Shah has a degree in Mechanical Engineering from Sardar Patel University. He also has an MBA degree in Finance from T. A. Pai Management Institute.

5. Mr. Vikas Garg

. He initially joined as the Head of Credit Research at the same firm in 2014.
Mr. Garg manages an AuM of Rs. 11,739 Crore invested in 16 schemes like L&T Money Market Fund, L&T Ultra Short Term Fund, L&T Low Duration Fund, L&T Resurgent India Bond Fund, L&T Credit Risk Fund, L&T Money Market Fund, etc.
Earlier, he was a Project Engineer in Indian Oil Corporation Ltd. in 2003.
Mr. Garg holds a B.Tech and M.Tech degree in Chemical Engineering from IIT Delhi. He also holds an MBA degree from XLRI Jamshedpur. He has also cleared Level III of CFA from the CFA Institute.

6. Mr. Shriram Ramanathan

Mr. Shriram Ramanathan is the Head of Investments for Fixed Income and a Fund Manager at L&T Mutual Fund since 2012. L&T Low Duration Fund, L&T Resurgent India Bond, L&T Liquid Plan, L&T Cash Fund, L&T Short Term Bond Fund, L&T Hybrid Equity Fund, etc.He worked for L&T in the switchgear design department back in 1997. In 2000, he joined ICICI Bank in its Treasury Department. In 2003, he became the Portfolio Manager of Fixed Income at ING Investment Management (India) Private Ltd. Two years later, he joined ING Investment Management Asia Pacific (Hong Kong) Ltd.
Mr. Ramanathan holds an Electrical Engineering degree and a MBA degree from XLRI Jamshedpur. He is also a Chartered Financial Analyst.

L&T Midcap Fund Growth

Fund Objective: Aims to generate long term capital appreciation by investing primarily in mid-cap stocks that have market capitalization between Rs. 300 Crore to Rs. 3000 Crore.
Why to invest: The fund has consistently beaten other funds in same category along with its benchmark and provided -11.75% returns in the last 1 year.

L&T Infrastructure Fund Growth

Fund Objective: The scheme seeks to generate capital appreciation by investing predominantly in equity and equity related instruments of companies in the infrastructure sector.
Why to invest: The fund has consistently beaten other funds in same category along with its benchmark and provided -12.97% returns in the last 1 year.

L&T Emerging Businesses Fund Growth

Why to invest: The fund has consistently beaten other funds in same category along with its benchmark and provided -16.57% returns in the last 1 year.

L&T India Value Fund Growth

Why to invest: The fund has consistently beaten other funds in same category along with its benchmark and provided -8.41% returns in the last 1 year.

L&T Flexi Bond Fund Growth

Fund Objective: To generate reasonable returns through a diversified portfolio of fixed income securities.
Why to invest: The fund has consistently beaten other funds in same category along with its benchmark and provided 13.15% returns in the last 1 year.

L&T Arbitrage Opportunities Fund Growth

Why to invest: The fund has consistently beaten other funds in same category along with its benchmark and provided 6.85% returns in the last 1 year.

L&T Banking and PSU Debt Fund Growth

Fund Objective: To generate reasonable returns by primarily investing in debt and money market securities that are issued by Banks, Public Sector Undertakings (PSUs) and Public Financial Institutions (PFIs) in India.There is no assurance that the investment objective of the Scheme will be realized and the Scheme does not assure or guarantee any returns.

Why to invest: The fund has consistently beaten other funds in same category along with its benchmark and provided 10.02% returns in the last 1 year.

L&T Liquid Plan Growth

Fund Objective: Aims at investing in short term securities
Why to invest: The fund has consistently beaten other funds in same category along with its benchmark and provided 7.23% returns in the last 1 year.

L&T Credit Risk Fund Growth

Fund Objective: The Scheme seeks to generate regular returns and capital appreciation by investing in debt (including securitised debt), government and money market securities.

L&T Short Term Bond Fund Growth

Fund Objective: The investment objective of the Scheme is to generate returns for investors with a short-term investment horizon by investing in fixed income securities of shorter term maturity.

L&T Ultra Short Term Fund Growth

Fund Objective: The investment objective is to generate reasonable and stable income and provide liquidity to the unit holder To achieve this objective the scheme will invest predominantly in a well diversified and highly liquid portfolio of money market instruments, government securities and corporate debt. The scheme will not invest in equalities or equity related instruments.
Why to invest: The fund has consistently beaten other funds in same category along with its benchmark and provided 8.71% returns in the last 1 year.

L&T Hybrid Equity Fund Growth

Fund Objective: To seek to generate long-term capital appreciation from a diversified portfolio of predominantly equity and equity related securities and to generate reasonable returns through a portfolio of debt and money market instruments to help generating funds in the long term to save for the cost of childrens education.

L&T Balanced Advantage Fund Growth

Fund Objective: To seek to generate long term capital appreciation from a diversified portfolio of equity and equity related securities and to generate reasonable returns by investing in a portfolio of debt and money market instruments and arbitrage opportunities in the cash and derivatives segments of the equity markets. There is no assurance that the objective of the Scheme will be realised and the Scheme does not assure or guarantee any returns.

L&T Money Market Fund Growth

Why to invest: The fund has consistently beaten other funds in same category along with its benchmark and provided 9.32% returns in the last 1 year.

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