L&T Midcap Fund Direct-Growth
L&T Midcap Fund Direct-Growth
L&T Midcap Fund Direct-Growth
L&T Midcap Fund Direct-Growth - Get latest updates on NAV, Dividends, Returns, Performance, Risks & Portfolio. Invest now!
INR
5000
1
L&T Midcap Fund Direct-Growth
4
5
Value Research
Equity Mid Cap
PLAN: GROWTH TYPE : OPEN-ENDED OPTION: Growth
1 Yr return
-28.14%
3 Yrs CAGR returns
-5.28%
5 Yrs CAGR returns
2.99%
NAV as on 01 Apr
₹ 102.84 by -2.19 ( -2.09%)
Expense ratio
0.65
Exit load
1%
Fund Size (Cr)
₹ 4879.9
If ₹5000 invested for 1
Estimated returns*
₹ 0
with % annual returns
* The calculator, based on assumed rate of returns, is meant for illustration purposes only.More
The calculations are not based on any judgments of the future return and should not be construed as promise on minimum returns. Information gathered and material used in this calculator is believed to be from reliable sources. Paisabazaar however does not warrant the accuracy, reasonableness and/or completeness of any such information. While utmost care has been exercised while preparing the calculator, Paisabazaar does not warrant the completeness or guarantee that the achieved computations are flawless and/or accurate and disclaims all liabilities, losses and damages arising out of the use or in respect of anything done in reliance of the calculator.
To generate capital appreciation by investing primarily in midcap stocks. The Scheme will invest primarily in companies whose market capitalization falls between the highest and the lowest constituent of the Nifty Free Float Midcap 100 Index.
Tax Implications
Returns are taxed at 15%, if you redeem before one year. After 1 year, you are required to pay LTCG tax of 10% on returns of Rs 1 lakh+ in a financial year.
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Equity
| Top 10 Sectors | % |
|---|---|
| Financial | 19.79 |
| Health Care | 12.54 |
| Chemicals | 11.32 |
| Construction | 11.2 |
| Engineering | 8.79 |
| Services | 6.83 |
| FMCG | 5.32 |
| Metals | 5 |
| Cons Durable | 3.49 |
| Others | 3.03 |
| Top 10 Sectors | % |
|---|---|
| Others | 4.06 |
| Banking | 2.69 |
| Hire Purchase | 2.63 |
| Drugs & Pharma | 2.53 |
| Drugs & Pharma | 2.46 |
| Cement | 2.46 |
| Drugs & Pharma | 2.35 |
| Cement | 2.25 |
| Paints & Varnishes | 2.24 |
| Hire Purchase | 2.08 |
| Fund House | L&T Mutual Fund |
| Fund Manager | Vihang Naik |
| Fund Setup Date | 01 Jan 2013 |
| Address | Brindavan Plot No. 177, CST Road Kalina, Santacruz (East) |
| Contact | 022-66554000, 1800 2000 400 |
| Email ID | investor.line@lntmf.co.in |
About L & T MidCap Fund
L & T Mid Cap Fund is an open ended fund that predominantly invests in mid cap stocks that have scalable opportunity with strong competitive advantage and a potential for capital generation in the long term.
Medium sized firms have the potential to grow in a bullish market despite underperformance in short terms as they are under-researched and under-owned initially. It generates higher returns when shares comes to value realization. L & T Mid Cap Fund invests in stocks that have records of good governance.
It invests more than 80% of the fund in equities and equity related instruments while around 20% is invested in debt, security and money market instruments. Among equities, a major corpus i.e. approximately 60%-70% is invested in mid cap stocks.
Who Should Invest?
- The fund scheme is suitable for long term investment with the goal of wealth creation. Mid Cap stocks generally underperform in short term. It is ideal for investors with 3 to 5 year horizon
- Mid Cap stocks have a bottom up approach and pick up on undervalued stocks that will grow at a higher rate in a broader market. Therefore it is suitable for patient investors
- A well diversified portfolio as it invests in sectors of Finance, Construction and Healthcare among others. L & T Asset Management Company (AMC) is also one of the biggest fund houses in the country
Risks
It is a high risk investment as although mid cap stocks are expected to come to it’s value with time, sometimes it may not happen. Stock prices may remain stagnant at low cost or fall further. History has it that mid cap stocks perform well in sluggish market, sometimes outdoing large cap stocks however it cannot be guaranteed and investors must have high risk appetite.
Also Read: What are Mid Cap Funds?
Will You Pay Tax?
If you withdraw or redeem the units before one year of investment, Short Term Capital Gains Tax of 15% is levied. Whereas, Long Term Capital Gains Tax above ₹1 lakh will be taxed at 10% after completion of 1 year of investment.
Let’s say, an individual has ₹2 lakh disposable taxable income in a given financial year, and s/he decides to invest the amount in ELSS. ₹1.5 lakh out of this amount would be exempted from any taxation.₹50,000 would be taxed as per the income tax slab of the investor.
It should be noted that the investment in ELSS remains locked-in for 3 years.
The returns from ELSS are taxed like that from any other equity mutual fund scheme. However, since the units can’t be redeemed before 3 years of investment, only Long Term Capital Gains Tax of 10% above ₹1 lakh will be levied.
Suppose an investor has made a capital gain of ₹1.5 lakh on investment in this scheme, and withdraws the amount after 1 year of investment, Long Term Capital Gains Tax of 10% would be levied on ₹50000. ₹1Lakh is exempted from taxation. The payable tax would be ₹5000.
How to Invest in L & T Mid Cap Fund?
- Sign Up/Sign In to Paisabazaar.com and go to ‘Direct Mutual Funds’
- Click on the section of ‘Mid Cap Funds’
- Type and search directly by the name of the L & T Mid Cap Fund. Once it opens up, look at the details. You can also compare similar funds as well as use Returns Calculator
- Click on ‘Invest Now’, select either Lump sum or SIP
Why Should You Choose Paisabazaar?
- Trusted website, no commission charges and no paperwork
- You can compare more than 1,700 Funds at one platform instead of visiting the website of each AMC and then searching for numerous funds
- Easy to browse as Funds are segregated under Equity, Debt, Large Cap, ELSS, etc. You can further add filters of ratings, returns, fund houses
- Important scheme details such as latest Net Asset Value (NAV), expense ratio, assets under management, etc are also available on the portal, making it easier for consumers to pick a suitable fund
Frequently Asked Questions (FAQs)
Q. What does mid cap fund mean?
A. Companies are categorised by SEBI into large, mid and small cap on the basis of their capitalizations. Funds investing in shares of mid cap companies are known as Mid Cap Equity Funds.
Q. Does L & T Midcap Opportunities Fund come under Section 80C or offers tax benefits?
A. L & T Midcap Opportunities Fund is not a tax saver fund and does not come under Section 80C. The taxation rules apply to it as applicable for all capital gains via mutual funds in long term and short term.
Q. Is it beneficial to invest via open-ended (lumpsum) or SIP?
A. SIP (Systematic Investment Plan) is considered efficient and convenient mode of investment that is beneficial in the long term investment. It also reduces financial burden as one needs to invest periodically and provides the benefit of rupee averaging cost.
Q. What is the entry load for this fund?
A. There is no applicable entry load on the aforementioned fund.
Q. What is the exit load for this scheme?
A. If an investor redeems the purchased units within 1 year of allotment of units, an exit load of 1% is payable by the investor. However, no exit load is levied for redemption of units after 1 year of purchase.
Q. Is there any lock-in period for investment in this scheme?
A. No. Investors can redeem their investment as per their wish and needs.
Q. What is the fund manager’s style of investment?
A. Venugopal Manghat and Vihang Naik are managers who have made this scheme perform consistently since its inception outdoing it’s peers and benchmark.