How to Invest in L&T Large and Midcap Fund Direct Growth?

You can easily invest in L&T Large and Midcap Fund Direct Growth in a hassle-free manner on Groww. The process is extremely simple, quick and completely paperless. Invest in a few minutes with the following steps: Log on to your Groww account Search for L&T Large and Midcap Fund Direct Growth from the search box In order to invest, you will have to complete all the KYC formalities which are completely online and paperless and take a few minutes to complete Once you are done with that, you can start investing in L&T Large and Midcap Fund Direct Growth as SIP or lumpsum as per your investment objective and risk tolerance

What kind of returns does L&T Large and Midcap Fund Direct Growth provide?

The L&T Large and Midcap Fund Direct Growth has been there from 01 Jan 2013 and the average annual returns provided by this fund is 2.51% since its inception.

How much expense ratio is charged by L&T Large and Midcap Fund Direct Growth?

The term Expense Ratio used for L&T Large and Midcap Fund Direct Growth or any other mutual fund is the annual charges one needs to pay to the Mutual Fund company for managing your investments in that fund. The Expense Ratio of L&T Large and Midcap Fund Direct Growth is 1.20% as of 14 May 2024...

What is the AUM of L&T Large and Midcap Fund Direct Growth?

The AUM, short for Assets Under Management of L&T Large and Midcap Fund Direct Growth is ₹1,620.36Cr as of 14 May 2024.

How to Redeem L&T Large and Midcap Fund Direct Growth?

If you want to sell your L&T Large and Midcap Fund Direct Growth holdings, go to your holding on the app or web and simply click on it. You will get two options - redeem & invest more; click on redeem and enter your desired amount or if you wish to redeem the entire holding amount then select the 'redeem all' checkbox.

Can I invest in SIP and Lump Sum of L&T Large and Midcap Fund Direct Growth?

You can select either SIP or Lumpsum investment of L&T Large and Midcap Fund Direct Growth based on your investment objective and risk tolerance.

What is the NAV of L&T Large and Midcap Fund Direct Growth?

The NAV of L&T Large and Midcap Fund Direct Growth is ₹78.79 as of 25 Nov 2022.

What is the PE and PB ratio of L&T Large and Midcap Fund Direct Growth?

The PE ratio ratio of L&T Large and Midcap Fund Direct Growth is determined by dividing the market price by its earnings per share and the PB ratio of the same is evaluated by dividing the stock price per share by its book value per share (BVPS).

L&T Large and Midcap Fund Direct Growth - NAV, Mutual Fund Performance & Portfolio

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L&T Large and Midcap Fund Direct Growth
Equity
Large & MidCap
Very High Risk
15.97%
3Y annualised
+0.17% 1D
1M
6M
1Y
3Y
5Y
All
 NAV: 25 Nov 2022₹78.79
Min. SIP amountNot Supported
Rating2
Fund size₹1,620.36Cr
Return calculator
Monthly SIP
One-Time
₹5,000 per month
Over the past
Total investment of ₹0
Would have become ₹ (%)
Understand termsAnnualised returnsAverage of the yearly returns of a mutual fund over a given period.
Absolute returnsThe total return of a mutual fund over a given period.
Returns and rankingsCategory: Equity Large & MidCap
Annualised returns
Absolute returns
1Y3Y5YAll
Fund returns2.5%16.0%8.8%13.9%
Category average38.8%20.8%20.0%NA
Rank with in category172217NA
Understand terms
Holdings (64)NameSectorInstrumentAssets
ICICI Bank Ltd.
FinancialEquity6.82%
The Indian Hotels Company Ltd.
ServicesEquity5.09%
State Bank of India
FinancialEquity3.94%
Persistent Systems Ltd.
TechnologyEquity3.36%
CG Power & Industrial Solutions Ltd.
Capital GoodsEquity3.23%
SRF Ltd.
DiversifiedEquity2.96%
Cholamandalam Investment & Finance Company Ltd.
FinancialEquity2.83%
Infosys Ltd.
TechnologyEquity2.79%
Larsen & Toubro Ltd.
ConstructionEquity2.61%
Shoppers Stop Ltd.
ServicesEquity2.56%
See All
DisclaimerThis content is derived from publicly available information, internal sources, and other third-party sources believed to be reliable. We, at Groww Invest Tech Pvt. Ltd. (Formerly known as Nextbillion Technology Pvt. Ltd) (Groww), do not guarantee the accuracy of such information, or assure its completeness, or warrant that such information will not be changed.
All comparisons are done with the category average metrics for this category.
Pros and cons
Category: Equity Large & MidCap
Pros
Cons
Lower expense ratio: 1.2%
3Y and 5Y annualised returns lower than category average
1Y annualised returns higher than category average by 0.16%
Low rating: 2
Understand termsExpense ratioA fee payable to a mutual fund house for managing your mutual fund investments. It is the total percentage of a company’s fund assets used for administrative, management, advertising, and other expenses.
TaxA percentage of your capital gains payable to the government upon exiting your mutual fund investments. Taxation is categorized as long-term capital gains (LTCG) and short-term capital gains (STCG) depending on your holding period and the type of fund.
Exit loadA fee payable to a mutual fund house for exiting a fund (fully or partially) before the completion of a specified period from the date of investment.
Stamp dutyA form of tax payable for the purchase or sale of an asset or security. 
Past expense ratio & exit load
Expense ratio
Exit load
31 Oct 2022 - Present
1.20%
31 Oct 2022 - 31 Oct 2022
1.20%
31 Oct 2022 - 31 Oct 2022
1.20%
31 Oct 2022 - 31 Oct 2022
1.20%
31 Oct 2022 - 31 Oct 2022
1.20%
30 Sep 2022 - 31 Oct 2022
1.22%
30 Sep 2022 - 30 Sep 2022
1.22%
30 Sep 2022 - 30 Sep 2022
1.22%
30 Sep 2022 - 30 Sep 2022
1.22%
31 Aug 2022 - 30 Sep 2022
1.22%
31 Aug 2022 - 31 Aug 2022
1.22%
31 Aug 2022 - 31 Aug 2022
1.22%
31 Aug 2022 - 31 Aug 2022
1.22%
31 Jul 2022 - 31 Aug 2022
1.23%
31 Jul 2022 - 31 Jul 2022
1.23%
31 Jul 2022 - 31 Jul 2022
1.23%
30 Jun 2022 - 31 Jul 2022
1.25%
30 Jun 2022 - 30 Jun 2022
1.25%
30 Jun 2022 - 30 Jun 2022
1.25%
31 May 2022 - 30 Jun 2022
1.30%
31 May 2022 - 31 May 2022
1.30%
31 May 2022 - 31 May 2022
1.30%
30 Apr 2022 - 31 May 2022
1.29%
30 Apr 2022 - 30 Apr 2022
1.29%
30 Apr 2022 - 30 Apr 2022
1.29%
31 Mar 2022 - 30 Apr 2022
1.30%
31 Mar 2022 - 31 Mar 2022
1.30%
31 Mar 2022 - 31 Mar 2022
1.30%
28 Feb 2022 - 31 Mar 2022
1.32%
28 Feb 2022 - 28 Feb 2022
1.32%
28 Feb 2022 - 28 Feb 2022
1.32%
31 Jan 2022 - 28 Feb 2022
1.31%
31 Jan 2022 - 31 Jan 2022
1.31%
31 Dec 2021 - 31 Jan 2022
1.30%
31 Dec 2021 - 31 Dec 2021
1.30%
30 Nov 2021 - 31 Dec 2021
1.31%
31 Oct 2021 - 30 Nov 2021
1.31%
30 Sep 2021 - 31 Oct 2021
1.31%
31 Aug 2021 - 30 Sep 2021
1.31%
31 Jul 2021 - 31 Aug 2021
1.32%
30 Jun 2021 - 31 Jul 2021
1.34%
31 May 2021 - 30 Jun 2021
1.34%
30 Apr 2021 - 31 May 2021
1.35%
31 Mar 2021 - 30 Apr 2021
1.44%
28 Feb 2021 - 31 Mar 2021
1.45%
31 Jan 2021 - 28 Feb 2021
1.45%
31 Dec 2020 - 31 Jan 2021
1.44%
30 Nov 2020 - 31 Dec 2020
1.45%
31 Oct 2020 - 30 Nov 2020
1.42%
30 Sep 2020 - 31 Oct 2020
1.43%
31 Aug 2020 - 30 Sep 2020
1.38%
31 Jul 2020 - 31 Aug 2020
1.39%
30 Jun 2020 - 31 Jul 2020
1.40%
31 May 2020 - 30 Jun 2020
1.42%
30 Apr 2020 - 31 May 2020
1.42%
31 Mar 2020 - 30 Apr 2020
1.51%
29 Feb 2020 - 31 Mar 2020
1.57%
31 Jan 2020 - 29 Feb 2020
1.56%
31 Dec 2019 - 31 Jan 2020
1.46%
30 Nov 2019 - 31 Dec 2019
1.45%
31 Oct 2019 - 30 Nov 2019
1.45%
30 Sep 2019 - 31 Oct 2019
1.45%
31 Aug 2019 - 30 Sep 2019
1.47%
31 Jul 2019 - 31 Aug 2019
1.46%
30 Jun 2019 - 31 Jul 2019
1.44%
31 May 2019 - 30 Jun 2019
1.34%
30 Apr 2019 - 31 May 2019
1.34%
31 Mar 2019 - 30 Apr 2019
1.27%
28 Feb 2019 - 31 Mar 2019
1.25%
31 Jan 2019 - 28 Feb 2019
1.24%
31 Dec 2018 - 31 Jan 2019
1.48%
30 Nov 2018 - 31 Dec 2018
1.48%
31 Oct 2018 - 30 Nov 2018
1.65%
30 Sep 2018 - 31 Oct 2018
1.63%
31 Aug 2018 - 30 Sep 2018
1.62%
31 Jul 2018 - 31 Aug 2018
1.65%
30 Jun 2018 - 31 Jul 2018
1.52%
31 May 2018 - 30 Jun 2018
1.57%
30 Apr 2018 - 31 May 2018
1.57%
31 Mar 2018 - 30 Apr 2018
1.61%
28 Feb 2018 - 31 Mar 2018
1.61%
31 Jan 2018 - 28 Feb 2018
1.61%
31 Dec 2017 - 31 Jan 2018
1.62%
30 Nov 2017 - 31 Dec 2017
1.65%
31 Oct 2017 - 30 Nov 2017
1.63%
Expense ratio, exit load and taxExpense ratio: 1.20%Inclusive of GST
Exit loadFor units in excess of 10% of the investment, 1% will be charged for redemption within 1 year.
Stamp duty0.005% (from July 1st, 2020)
Tax implicationReturns are taxed at 15%, if you redeem before one year. After 1 year, you are required to pay LTCG tax of 10% on returns of Rs 1 lakh+ in a financial year. 
Understand terms
Check past data
Minimum investment amountsMin. for 1st investmentNot Supported
Min. for 2nd investment onwardsNot Supported
Min. for SIPNot Supported
Fund managementVihang Naik
Dec 2019 - Present
View details
Education
Mr. Naik is a CFA & BMS.
Experience
Prior to joining HSBC Mutual Fund, he was associated with L&T Mutual Fund, MF Global, Motilal Oswal Securities and SBICAP Securities.
Also manages these schemes
L&T Flexicap Fund Direct Growth
L&T India Large Cap Fund Direct Growth
L&T Large and Midcap Fund Direct Growth
L&T Conservative Hybrid Fund Direct Growth
HSBC Flexi Cap Fund Direct Growth
L&T Focused Equity Fund Direct Growth
Cheenu Gupta
Jul 2021 - Present
View details
Education
Ms. Gupta is CFA Charter holder (USA), PGDBM (Finance) & B.E. (I.T)
Experience
Prior to joining HSBC Mutual Fund, she has worked with L&T Mutual Fund, Canara Robeco Mutual Fund, Tata AIA Life Insurance Company as Fund Manager, ING Investment Management as Senior Research Analyst and UTI AMC Ltd. as Research Analyst.
Also manages these schemes
Canara Robeco Infrastructure Direct Growth
Canara Robeco Equity Hybrid Fund Direct Growth
Canara Robeco Consumer Trends Fund Direct Growth
Canara Robeco ELSS Tax Saver Direct Growth
L&T India Large Cap Fund Direct Growth
L&T Large and Midcap Fund Direct Growth
L&T Conservative Hybrid Fund Direct Growth
HSBC Conservative Hybrid Fund Direct Growth
HSBC Tax Saver Equity Fund Direct Growth
HSBC Managed Solutions India Moderate Fund Direct Growth
HSBC Managed Solutions India Conservative Fund Direct Growth
HSBC Managed Solutions India Growth Fund Direct Growth
Canara Robeco Capital Protection Oriented Fund Series 6 Direct Growth
Canara Robeco Dual Advantage Fund Series 1 Direct Growth
Canara Robeco Small Cap Fund Direct Growth
HSBC Large and Mid Cap Fund Direct Growth
HSBC Focused Fund Direct Growth
HSBC Midcap Fund Direct Growth
HSBC Small Cap Fund Direct Growth
Sonal Gupta
Jul 2021 - Present
View details
Education
Ms. Gupta has done PGDM (IIM Bangalore), CFA and Bachelors in Mechanical Engineering
Experience
Prior to joining HSBC Mutual Fund, she has worked with L&T Investment Management Limited and UBS Securities India Private Limited, Fidelity Investments and PWC
Also manages these schemes
L&T Flexicap Fund Direct Growth
L&T India Large Cap Fund Direct Growth
L&T Large and Midcap Fund Direct Growth
HSBC Brazil Direct Plan Growth
HSBC Global Emerging Markets Direct Plan Growth
HSBC Asia Pacific (Ex Japan) Dividend Yield Fund Direct Growth
HSBC Global Equity Climate Change FoF Direct Growth
HSBC Midcap Fund Direct Growth
HSBC Infrastructure Fund Direct Growth
HSBC Equity Savings Fund Direct Growth
HSBC ELSS Tax Saver Fund Direct Growth
HSBC Balanced Advantage Fund Direct Growth
HSBC Multi Cap Fund Direct Growth
HSBC Consumption Fund Direct Growth
Fund house & investment objective
L&T Mutual Fund
Rank (total assets)#12 in India
Total AUM₹75,122.75Cr
Date of Incorporation25 Apr 1996
 L&T Large and Midcap Fund Direct Growth is a Equity Mutual Fund Scheme launched by L&T Mutual Fund. This scheme was made available to investors on 25 Apr 1996. Soumendra Nath Lahiri, Karan Desai is the Current Fund Manager of L&T Large and Midcap Fund Direct Growth fund. The fund currently has an Asset Under Management(AUM) of ₹75,123 Cr and the Latest NAV as of 25 Nov 2022 is ₹78.79.
The L&T Large and Midcap Fund Direct Growth is rated Very High risk. Minimum SIP Investment is set to ₹500. For units in excess of 10% of the investment, 1% will be charged for redemption within 1 year.
;
Investment ObjectiveThe scheme aims to invest in undervalued companies for long term investment with key theme focus being 'Special Situations' - these are situations that are out-of-the-ordinary and which therefore present interesting stock picking opportunities.
;
Fund benchmarkNIFTY Large Midcap 250 Total Return Index
Scheme Information Document(SID)
Fund house contact details
Address
BrindavanPlot No. 177, CST RoadKalina, Santacruz (East) Mumbai 400098
Phone
022-66554000 / 1800-2000-400
Launch Date
25 Apr 1996
E-mail
[email protected]
Website
www.lntmf.com
L&T Mutual Fund
Asset Management Company
Custodian
NA
Registrar & Transfer Agent
Cams
Address
7th Floor, Tower II, Rayala Towers, 158, Anna Salai,
Email
[email protected]
Website
www.camsonline.com
Compare funds
L&T Large and Midcap Fund Direct Growth
VS
Add mutual fund to compare

	1Y	3Y	5Y	All
Fund returns	2.5%	16.0%	8.8%	13.9%
Category average	38.8%	20.8%	20.0%	NA
Rank with in category	17	22	17	NA

Name	Sector	Instrument	Assets
ICICI Bank Ltd.	Financial	Equity	6.82%
The Indian Hotels Company Ltd.	Services	Equity	5.09%
State Bank of India	Financial	Equity	3.94%
Persistent Systems Ltd.	Technology	Equity	3.36%
CG Power & Industrial Solutions Ltd.	Capital Goods	Equity	3.23%
SRF Ltd.	Diversified	Equity	2.96%
Cholamandalam Investment & Finance Company Ltd.	Financial	Equity	2.83%
Infosys Ltd.	Technology	Equity	2.79%
Larsen & Toubro Ltd.	Construction	Equity	2.61%
Shoppers Stop Ltd.	Services	Equity	2.56%

Rank (total assets)	#12 in India
Total AUM	₹75,122.75Cr

Date of Incorporation	25 Apr 1996

Fund benchmark	NIFTY Large Midcap 250 Total Return Index

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Bengaluru – 560103
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Min. for 1st investment	Not Supported
Min. for 2nd investment onwards	Not Supported

Rating	2
Fund size	₹1,620.36Cr

L&T Large and Midcap Fund Direct Growth

Return calculator

Understand terms

Annualised returns

Absolute returns

Returns and rankings

Holdings (64)

Disclaimer

Pros and cons

Pros

Cons

Understand terms

Expense ratio

Tax

Exit load

Stamp duty

Past expense ratio & exit load

Expense ratio, exit load and tax

Expense ratio: 1.20%

Exit load

Stamp duty

Tax implication

Minimum investment amounts

Fund management

Vihang NaikDec 2019 - PresentView details

Cheenu GuptaJul 2021 - PresentView details

Sonal GuptaJul 2021 - PresentView details

Fund house & investment objective

Fund house contact details

Compare funds

Vihang Naik
Dec 2019 - Present
View details

Cheenu Gupta
Jul 2021 - Present
View details

Sonal Gupta
Jul 2021 - Present
View details