Kailash Kulkarni, CEO, L&T Mutual Fund shares his views on what needs to be done to attract more IFAs in the industry and his company’s success mantra.

L&T MF has been growing exponentially. Over the last one year, your fund house has grown 60% while the industry AUM went up by 20%. What has contributed to this growth?

We had sown the seeds of this growth much earlier. In fact, the outperformance is the outcome of, creating our own expertise in the fund management business. We developed a suitable philosophy to deliver consistent fund performance and grow business. Over the years, we have consistently explained to distributors who we are, what we offer and what our strength is.

In my view, three things have helped us achieve this growth.

CLICK ON THE LINK BELOW TO READ THE FULL INTERVIEW:
http://cafemutual.com/news/industry/14006-trail-commission-is-like-pension-income-for-distributors

Wealth forum published an interview with Venugopal Manghat,
Head - Equities, L&T Mutual Fund
on August 7, 2018. In this interview Mr.Manghat takes us through the investment strategy, portfolio allocation of L&T India Value Fund.

WF: While your fund has a very impressive long-term top quartile track record, the last 6 months seem to have been rough, relative to market and peers. What has caused the dip in performance and what steps are you taking to get performance back on track?

Venugopal Manghat: In this calendar year, the market has become extremely risk averse which meant that investors pulled out money from stocks within the universe that were performing well and moved money into high quality predictable growth stocks despite their rich valuation.

Since the fund has a strict value orientation and therefore, a strong focus on valuation, it did not participate in this move. Hence, on both counts, one due to the correction in the stock prices of some of the holdings and two, the lack of high quality, expensive stocks in the portfolio, it suffered.

CLICK ON THE LINK BELOW TO READ THE FULL INTERVIEW:
http://www.wealthforumtv.com/FundTalkLandT03082018.html#.W4eACs4zbIU

Mutual Fund investments are subject to market risks, read all scheme related documents carefully.