L&T Midcap Fund - Helping Gain from Midcap Companies

L&T Mutual Fund is among the top 20 companies of India, it has reached this position because of its commitment and hard work in the form of various schemes that it has launched for different customers under varied categories. Among many schemes, it launched L&T Midcap Fund on August 09th, 2004, with an investment objective to help investors earn capital appreciation through investment done mainly in midcap stocks. To know more about this scheme, continue reading and in case you still wish to explore more about it, browse MySIPonline.

Who Are the Fund Managers?

This fund is jointly managed by Mr. S.N. Lahiri and Mr. Vihang Naik since June 2013 and June 2016, respectively. Mr. Lahiri has done B.Tech and holds Post Graduate Diploma in Management from IIM Bangalore. He has worked with companies such as Canara Robeco AMC Co. Ltd., Fortuna Capital, Emkay Investment Manager Ltd., DSP Black Rock Investment Managers Pvt. Ltd., before joining L&T Mutual Fund. Mr. Vihang Naik has done CFA and TYBMS. Before joining L&T MF, he has worked with companies such as MF Global Sify Securities, SBICAP Securities, L&T Investment Management Ltd.

Who Should Invest in L&T Midcap Fund Growth?

This scheme is for aggressive investors who are ready to bear high risk on their principal amount. People who are searching for a scheme to add to their portfolio to earn the time value of money in the form of long-term capital appreciation through investment made in equity an equity related instruments of mid-cap companies may invest in this scheme.

Important Points About L&T Midcap Fund That Investors Should Know

1. L&T Midcap Fund NAV as on July 25th, 2018 was Rs. 138.35 and its benchmark is NIFTY Midcap 100 TRI.
2. The assets under management as on June 30th, 2018 was Rs. 2808 crores out of which investment made in equity is 92.63% and in debt is 7.54%. The investment made in equity is further divided into large-cap, mid-cap, and small-cap investments with the percentage of assets allocated in them being 3.78, 82.85, and 13.36, respectively.
3. The top ten companies in which it has invested majorly are Bharat Financial Inclusion, Emami, Berger Paints India, The Ramco Cements, City Union Bank, Graphite India, Cholamandalam Invest. & Fin., MindTree, Abbott India, and Exide Industries with the assets allocated to them being 3.85%, 3.19%, 3.06%, 2.98%, 2.44%, 2.33%, 2.30%, 2.26%, 2.17%, and 2.15%, respectively. 
4. The initial application amount for new investors is Rs. 5000 and the minimum additional application amount for existing investors is Rs. 1000.
5. There is no entry load which is to be paid by an investor. In case an he redeems on or before completion of one year, then he becomes liable to pay 1% as exit load. 

This was all about L&T Midcap Fund by L&T Mutual Fund in which you may invest online as well as offline. To invest online, simply log on to MySIPonline, a user-friendly platform that helps you make paperless transactions from the comfort of your place. You may also consult the financial expert to understand about its suitability to your portfolio.