L & T Mutual Fund

L&T Mutual Funds
Type Public
Industry Mutual fund
Founded 2010
Headquarters Mumbai, Maharashtra, India
Website Official Website

L&T Mutual Fund is a mutual fund company in India. It caters to the investment needs of investors through various mutual fund schemes. The company claims to have sound investment management practices and a knowledgeable fund management team.[1]

L&T Mutual Fund is promoted and owned by Larsen & Toubro. L&T Mutual Fund has significant resources and assets under its management.[2]

Contents

L&T Group Companies

L&T has group companies in 4 major industry verticals:

L&T is popularly known in India for its Engineering and Construction activities. L&T is publicly traded in India, listed on the BSE and NSE stock exchanges. It reported revenues of approximately US $ 10 billion for the year ending March 2010.

Investment Approach

Value Research, a mutual fund research agency in India, reported that the investment philosophy of L&T is to provide long term gains to investors through research based stock selection and active portfolio management. To accomplish this, the company has created infrastructure to conduct fundamental research. Some fund plans from L&T Mutual Fund have been given 5-star rating on the Value Research website.[3]

References

  1. ^ "We are positive on IT & Infrastructure". The Hindu. 2010-10-12. http://www.thehindubusinessline.com/iw/2010/09/13/stories/2010091350461300.htm. Retrieved 2010-10-15. 
  2. ^ "L&T Monthly Income Plan AUM Grows". India Infoline. 2010-08-23. http://www.indiainfoline.com/Markets/News/LandT-Monthly-Income-Plan-AUM-grows-by-almost-100-percent-in-a-month/4913920781. Retrieved 2010-10-15. 
  3. ^ "L&T Mutual Fund Rating". Value Research. 2010-10-15. http://valueresearchonline.com/funds/newsnapshot.asp?schemecode=1958. Retrieved 2010-10-15. 

External links