CEO Speak

Kailash Kulkarni

We have all worked very hard throughout yet another year, and for what? For the love of our jobs, for the love of our ambitions, for the love of our near and dear ones, to fulfil our dreams to travel the world and the list goes on. However, don’t you think it may be also wise to just pause and check if we have done all the necessary provisions and arrangements to take care of our future and the future of our loved ones.....Financially!

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Investment Basics

Income Tax - A Ready Reckoner

The basics and how to save from it. What is Income Tax? Tax is levied on goods, services and income earned by individuals and corporate in the coutry. This tax collected by the government is then used to aid in the development of various social and economic goals such as Running of Govt. Departments, Infrastructure, Public Works, Education, Health & Social Welfare, Defense Expenditure, Law & Order, Public Utilities.

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Distributor Corner

Market Wrap

Equity market rebounded in November with the benchmark indices (Sensex and Nifty) surging by 5% each. Improvement in some of the underlying factors like FPIs turning buyers by infusing Rs 12, 260 crore into the Indian capital markets, falling crude oil prices, appreciation of rupee against the US dollar and improvement in liquidity situation aided the rally. BSE Midcap and Smallcap indices underperformed the larger peers by gaining between 2-3%.

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Fund of the month

L&T Tax Advantage Fund

Why worry about tax eating into your savings? Invest in L&T Tax Advantage Fund today and keep tax stress at bay! It's an Equity Linked Saving Scheme (ELSS) that offers you these benefits:

  • Tax savings up to Rs. 46,800# under section 80C of the Income Tax Act, 1961.
  • Wealth creation in the long term.
  • Lowest lock-in period of just 3 years across all available tax saving investments

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UPDATES

Media Update

L&T Midcap MF Review: The fund has shown good performance over market cycles - L&T Midcap Fund was reviewed by Moneycontrol on Dec 3, 2018. L&T Midcap fund has performed well compared to other schemes with their benchmarks, respectively. The fund has a stellar performance track record across market cycles.

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Did You Know?

Mutual funds garner Rs 7,985 crore via SIPs in November

Retail investors continued to infuse money in mutual fundS through systematic investment plans (SIPs) as the industry received Rs 7,985 crore via this route in November, a rise of 35.44% on a year-on-year basis. However, the figure remained flat on month-on-month basis despite the volatility in the stock market, according to AMFI. SIP AUM increased to Rs 2.31 lakh crore in November from Rs 2.17 lakh crore in the previous month.

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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.