CEO Speak

Kailash Kulkarni

Have you heard of terms like “Present Value” and “Future Value“ ? “Time Value of Money” is a fundamental financial concept which says the money that is available at the present time is worth more than the same amount in future, due to its potential earning capacity. The core principal is any money, provided it can earn a rate of return, is worth more the sooner it is received.

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Investment Basics

Can NRIs build wealth with mutual funds? Yes, they can!

Non Resident Indians (NRIs) can invest in Indian Mutual Funds subject to the provisions of the Foreign Exchange Management Act (FEMA). Investments can be made on repatriatible or non-repatriable basis from NRO or NRE accounts respectively. You only need to be KYC compliant to start investing!

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Distributor Corner

Equity Market Review

Markets ended the month of Jan in a mixed note as crude made recovery amid supply cuts and rupee depreciated. The S&P BSE Sensex and the broader Nifty50 index ended with (-0.3%) and (+0.5%) returns, respectively. Broader markets underperformed the benchmark indices with BSE Midcap and Smallcap indices falling between 5-6%. Worldwide, all the global indices ended on a positive note as worries over trade war subsided, which also eased global growth concerns and crude rallied on the back of cuts.

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Fund of the month

L&T Midcap Fund

Large growth potential with a midcap approach. A monthly SIP of Rs.10,000 has grown to Rs.32.73 lakhs over the last 10 years (CAGR of 19.06%). A lumpsum investment of Rs.10,000 has grown to Rs. 1.23 lakh over the last 10 years (CAGR of 23%). AUM grew 40 timesin 5 years Rs.88 crore in December 2013 to Rs.3,685 crore in December 2018. Ranked in top percentile of the midcap category in CRISIL Mutual Fund Rankings for the last three quarters ending September 2018.

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UPDATES

Media Update

In a recent interview with Wealth Forum, Mr Vihang Naik, Fund Manager, L&T Mutual Fund provides insights to his investment strategies for L&T Midcap Fund. He says 70:30 strategy across bull and bear phases has enabled the fund to maintain its outperformance over the years.

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Interim Budget

Finance minister Piyush Goyal announced a string of populist measures in his Interim Budget 2019 in the parliament. Key Highlights of the budget speech - Finance minister thrust upon realising a "New India" by 2022, the 75th Year of Independence; poised to becoming $5 trillion economy in 5 years. The reforms led to consistent low inflationrate (4-5%), controlled fiscal deficit (3.4%), robust FDI investment ($239bn) and increased GDP growth in last 5 years

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Education Calculator

Planning for your child's education? See how much it will cost in the future. Use our Online Calculator to check if your savings are enough to secure your child's future. L&T Mutual Fund brings to the parents an opportunity to plan for their child's education and help achieve their dreams, no matter how big. Use our calculator to know how much can be enough and how much more is needed for higher education. Plan, budget and invest smartly to make your child's dreams real.

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L&T Midcap Fund

The product is suitable for investors who are seeking*:

  • Long term capital appreciation
  • Investment primarily in midcap 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.