L&T Midcap Fund

L&T Midcap Fund is being managed by Anant Deep Katare. This fund’s performance has not been close to the category average in most periods. If you have invested in this fund, exit now to invest in a better performing fund. If you are a new investor you can safely skip this one.

Where does L&T Midcap Fund invest your money?

L&T Midcap Fund is a mid cap fund which means most of your money will be invested in stocks of medium sized companies. About 63.2% of the fund’s money is allocated to stocks of mid size companies, 22.49% to stocks of small size companies and 13% to those of large companies. Mid size stocks can give kicker returns as they turn into large stocks but this happens not so frequently.

Suitable for what?
  • Creating wealth
  • Lifestyle needs
Not suitable for what?
  • Child's education
  • Child's marriage
  • Planning for retirement
  • Home Purchase
How has L&T Midcap Fund performed in the past?

If you had invested Rs 1 lakh when the fund was launched in Aug 2004, your value of investments would be around Rs 3.51 lakhs. If you had invested Rs 1 lakh five years back it would have become Rs 1.21 lakhs. The performance is not better than other mutual funds in this category. The fund has been giving around 4% returns to those who have stayed invested for 5 years.

Assume you had invested Rs 10,000 every month in L&T Midcap Fund through SIP for the last 5 years today you would have around Rs 8 lakhs.

Our recommendation for fresh investment
Not Recommended
Our recommendation for existing investment
Not Recommended
What are the charges applicable?

If units are sold within a year an exit load of 1% is deducted from your total returns. No exit load applies for units withdrawn post one year. Expense ratio of L&T Midcap Fund is 2.80%. This is charged to recover the fund management company’s expenses on securities’ transactions, commissions, registrar fees, etc. Your mutual fund returns will be total returns less expense ratio.

What are the tax implications?

The returns in an equity mutual fund are absolutely tax free, provided you do not withdraw within 1 year. 

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