CEO Speak

Kailash Kulkarni

According to the latest AMFI data, the average AUM of the Indian Mutual Fund Industry stood at Rs 24.52 lakh crores as of January 31st 2019. The total number of accounts (folios), interestingly, increased to 8.10 crores which is the 56th consecutive month in which the number of folios has increased. While the industry in general and the equity markets in specific remain volatile ...

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Investment Basics

With the onset of March, make those last minute investments in ELSS to save on taxes.

Equity Linked Savings Scheme (ELSS) is a diversified mutual fund that gives you the benefit of tax saving up to Rs. 46,800 (on investments up to Rs. 1.5 lakh) under section 80C of the Income Tax Act, 1961. ELSS has the shortest lock-in period of just 3 years among all tax-saving investments and you can start with a minimum investment of only Rs.500 per month. Now you can save tax and build wealth for the long term.

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Distributor Corner

Market Wrap

Markets closed the month of February on a negative notes as geo-political tension aggravated between India and Pakistan. The Nifty and the Sensex ended lower between 0.4 - 1%. BSE Midcap and BSE Smallcap indices underperformed its larger peers with a fall of around 2% each. On the sectoral front, BSE Auto, Oil & Gas, and Realty indices gained between 1-2%. Power was the worst performing sector with a fall of around 3%.

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Fund of the month

L&T Tax Advantage Fund

Save tax and build wealth with L&T Tax Advantage Fund. See how Rs.1 lakh invested as lump sum has grown since inception (Feb 2006). Systematic Investment Plan (SIP) is also an ideal choice if you prefer to invest small but regularly towards a certain corpus.

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UPDATES

Media Update

In a recent interview with Wealth Forum, Mr Ankur Thakore, Chief Distribution Officer, L&T Mutual Fund talks about the recently launched Child’s Education Planning Calculator. What consumer insights led you to create the new Child’s Education Calculator? Ankur Thakore: Today, education for kids is a critical goal that our customers look at when planning for their kids’ future, and hence driving their need to invest.

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Did You Know?

SEBI allows MFs invest in commodity derivatives

The Securities and Exchange Board of India (SEBI) allowed mutual funds and portfolio managers to invest in commodity derivatives, a move that would boost the commodities market. “The Board deliberated and approved the proposal contained in the memorandum to enable participation by mutual funds and portfolio managers in exchange traded commodity derivatives in India subject to certain safeguards,” SEBI said in a release after its board meeting in New Delhi.

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L&T Tax Advantage Fund

The product is suitable for investors who are seeking*:

  • Long-term capital growth
  • Investment predominantly in equity and equity-related securities

*Investors should consult their financial advisers if in doubt about whether the product is suitable for them.

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