NRI from all over the world (excluding U.S.A. & Canada) can invest in this fund
SBNRI is a certified Mutual Fund distributor registered with Association of Mutual Funds in India (AMFI) with Reg. No. 246671
₹72.84
0.16%
NAV as on 26 Nov 22, 12:00 AM
very high risk
large & mid cap
equity
NAV as on 26 Nov 22, 12:00 AM
very high risk
large & mid cap
equity
1.52%p.a.
Last 1Y
14.94%p.a.
Last 3Y
7.88%p.a.
Last 5Y
12.87%p.a.
Since Inception
About L&T Large and Midcap Fund Growth for NRIs
NRIs can achieve long-term capital appreciation by investing in the L&T Large and Midcap Fund Growth scheme from L&T Investment Management Ltd. It is a Large & Mid-Cap mutual fund scheme that predominantly invests in Large & Mid-Cap stocks of companies. Launched on May 2006, L&T Large and Midcap Fund Growth is Large & Mid-Cap fund of its category with 1,620.36 Cr fund under management as on Nov 2022. The expense ratio of this fund is less than that of most other Fund category Large & Mid-Cap funds.
- L&T Large and Midcap Fund Growth delivered 1.5% annual returns during the last year. It has delivered 12.9% average annual returns since the fund was launched.
- L&T Large and Midcap Fund Growth scheme tends to consistently deliver higher returns than most schemes in the same category.
- The scheme has predominantly invested in equity
Fund Objective
To generate long-term capital growth from a diversified portfolio of predominantly equity and equity-related securities with minimum allocation of at least 35% each to large cap and mid cap companies.There is no assurance that the investment objective of the scheme will be realized.
Top 10 Holdings
ICICI Bank Ltd
6.82%
Indian Hotels Co Ltd
5.09%
State Bank of India
3.94%
Persistent Systems Ltd
3.36%
CG Power & Industrial Solutions Ltd
3.23%
SRF Ltd
2.96%
Cholamandalam Investment and Finance Co Ltd
2.83%
Infosys Ltd
2.79%
Larsen & Toubro Ltd
2.61%
Shoppers Stop Ltd
2.56%
Fund Managers
- Vihang Naik (Jul 2021 - Present)
- Cheenu Gupta (Jul 2021 - Present)
- Sonal Gupta (Jul 2021 - Present)
Key Information
View Scheme Document
L&T Large and Midcap Fund Growth SIP Calculator
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NRI Mutual Fund Tax on L&T Large and Midcap Fund Growth
Just like for resident investors, capital gains from mutual fund investments are subject to income tax for NRI investors.
| Fund Type | Short-term Capital Gains (STCG) Tax | Long-term Capital Gains (LTCG) Tax |
|---|---|---|
| Equity mutual funds | 15% | 10% (above Rs. 1 lakh LTCG) without indexation* |
| Debt & other types of funds | At tax slab rate | 20% with indexation benefits |
How can NRIs invest in L&T Large and Midcap Fund Growth?
NRIs and OCIs can download the SBNRI app to invest in mutual funds from the country of their residence. Here are a few simple steps you need to take:
- Complete your NRI KYC: Type in your personal details and attach supporting documents, like:
- PAN Number
- Overseas address proof: Any of – Water/electricity bill, postpaid mobile/internet bill, rent agreement, driving license, etc.
- Passport – front and back
- Passport size photograph
- signature
If all details are correct, your KYC will be approved within 7 to 8 business days.
- Onboarding: After KYC, you need to share the following details to complete onboarding process and start investing in L&T Large and Midcap Fund Growth
- Onboarding: After KYC, you need to share the following details to complete onboarding process and start investing:
- City and country of birth
- NRE/NRO bank account statement/ canceled cheque for the latest 3 months
- Nominee details
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Frequently Asked Questions
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