CEO Speak

Kailash Kulkarni

Market Flashback 2018 - Calendar year 2018 has been a volatile one for the Indian equity market with the Sensex gaining 7% and the Nifty rising 4%. Among broader market, BSE Midcap index fell 13% while the BSE Smallcap index dipped 24%. The market dealt with a lot of news like weakening rupee, sharply fluctuating crude oil prices, global tariff wars, liquidity crisis due ...


Investment Basics


Dividend payouts of equity mutual funds are subject to 11.648% as Dividend Distribution Tax (DDT). However, dividends received is tax free in the hands of the investor. Additionally, there is a 0.001% Securities Transaction Tax (STT) on redemption of Equity Mutual Funds irrespective of the holding period. Dividend payouts of non-equity mutual funds are subject to 29.12% Dividend Distribution Tax (DDT). However, dividend received is tax free in the hands of the investor.


Distributor Corner

Equity Market Review

Despite fall in crude oil prices and strong currency, equity markets in India ended flat as global risk off worried investors. Nifty and Sensex ended the month of December with -0.1% and -0.3%,respectively. Broader markets outperformed the benchmark indices with BSE Midcap and Smallcap indices gaining between 2-3%. Global markets were weak as worries over growth emerged on back of increasing trade war tension and as crude oil continued its downward journey.


Fund of the month

L&T Tax Advantage Fund

Save tax and build wealth with L&T Tax Advantage Fund. Systematic Investment Plan (SIP) is also an ideal choice if you prefer to invest small but regularly towards a certain corpus.



Media Update

Dalal Street Investment Journal published an interview with Mr. S.N. Lahiri, CIO, on January 4, 2019. In this interview Mr. Lahiri takes us through the investment strategies of L&T Tax Advantage Fund, fund performance, portfolio holdings, market outlook and key sectors to look at.


Did You Know?

Mutual funds add Rs 1.24 lakh crore to asset base in 2018

Mutual funds have added Rs 1.24 lakh crore to their asset base in 2018 assisted by consistent increase in SIP flows and a robust participation of retail investors despite volatile markets. The Asset Under Management (AUM) of the industry grew by 5.54% or Rs 1.24 lakh crore to Rs 23.61 lakh crore at the end of December 2018, from Rs 22.37 lakh crore at the end of December 2017, according to Association of Mutual Funds in India (AMFI).



Mr. S N Lahiri - Webcast on current market outlook (2018)


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.