Every scheme in the mutual fund market brings with it opportunities some hidden and some known. What an experience it would be to explore the hidden opportunities for growth by investing in a scheme? Wondering if there is a scheme like that? L&T Mutual Fund launched L&T India Value Fund on January 08th, 2010, that helps you do so by focusing specially on investing in undervalued securities. It helps an investor earn long-term capital appreciation by investing in the equity and equity related instruments in the Indian market. It may also invest additionally in the foreign securities in international markets.
The Masterminds Who Are Handling L&T India Value Fund
This fund is jointly managed by Mr. Venugopal Manghat and Mr. Karan Desai. Mr. Venugopal Manghat has been managing the fund since November 2012. He has done B.Sc in Mathematics and holds a master’s degree in Business Administration with specialization in Finance. He was working with Tata Asset Management Ltd. before joining L&T Mutual Fund. Apart from this scheme, he has been simultaneously managing many other schemes such as L&T Conservative Hybrid Fund, L&T Equity Saving Fund, L&T India Large Cap Fund, etc. Mr. Karan Desai has been managing this fund since February 2017. He has done B.Com. from University of Mumbai and M.Sc in Investments from Birmingham University. Before joining L&T Mutual Fund, he was working with L&T Investment Management. Other schemes that he is handling along with this one are L&T Equity Fund, L&T Hybrid Equity Fund, L&T Business Cycles Fund, etc.
Who Should Invest in This Scheme?
L&T India Value Fund is for those investors who are willing to park their money to earn long-term capital appreciation through investment in equity and equity related instruments in Indian and International market with focus on undervalued securities. The principal amount invested in this scheme is under moderately high risk which means that only those who have such risk bearing appetite should invest in it.
Facts About L&T India Value Fund Growth
L&T India Value Fund NAV as on July 23rd, 2018 was Rs. 35.438. The minimum initial application amount with which a new investor may start investing in this scheme is Rs. 5000 and the minimum additional application amount with which an existing investor may invest is Rs. 1000. There is no entry load which an investor needs to pay. If an investor redeems within one year of investment from the date of allotment, then he becomes liable to pay 1% as exit load. It invests 80% to 100% of its assets in equity and equity related instruments and up to 10% in foreign securities including overseas ETFs with the risk involved being medium to high. It also invests in debt and money market instruments up to 20% with low to medium risk involvement.
To invest in L&T India Value Fund by L&T Mutual Fund, log on to MySIPonline, an online platform that displays information about schemes after in-depth research. Make sure that it is in sync with your portfolio requirement, in case of any doubt consult a financial expert absolutely free of cost.
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