NFO-L&T Emerging Business Fund- April 2014
L&T Mutual Fund launched new fund offer (NFO) L&T Emerging Business Fund, a closed ended scheme. The NFO Opens for subscription on 22 April 2014 & closes on 6 May 2014. No entry load will be applicable for the scheme.
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[wptabtitle] Scheme Details[/wptabtitle] [wptabcontent]Key Scheme Feature
Scheme Name L&T Emerging Business Fund Fund House L & T Type Closed Ended - 2 years Category Mid Cap & Small Cap Benchmark S&P Small Cap Index Option Growth / Dividend Fund Manager Mr. S.N.Lahiri , Mr. Rajesh Pherwani & Mr. Abhijit Dakshikar Scheme Name L&T Emerging Business Fund NFO Open 22 April 2014 NFO Close 6 May 2014 Scheme Type A Two Year closed ended equity scheme with automatic conversion into an open ended equity scheme on completion of 2 years from the date of allotment Plan Regular Minimum Application Amount Rs 5000 and in multiples of Rs 1 thereafter Load Structure For Purchase during NFO : Entry & Exit - NIL For purchase post maturity / conversion
Entry load - nil
Exit load - 1% within 1 year from date of allotment
Cheque Details : “L&T Emerging Business Fund “
[download id =”34″]Who can Invest in this nfo
This product is suitable for investors:
- Seeking long term capital appreciation
- With risk appetite of investing in Equities
- Investors willing to take exposure in equity and equity related securities
[wptabtitle] Objective[/wptabtitle] [wptabcontent]Investment Objective (NFO)
- To generate long term capital appreciation from a diversified portfolio of predominantly equity and equity related securities , including equity derivatives, in the Indian market with focus on small cap stocks. The scheme could also invest in foreign securities.
- Emerging companies are business which are typically in the early stage of development and have the potential to grow their revenues and profit at a higher rate as compare to broader market.
Stock Selection Idea (NFO)
The fund manager will adopt a methodology of bottom up stock selection, with an emphasis on first hand research.
[wptabtitle] Fund Manager[/wptabtitle] [wptabcontent]
Soumendra Nath Lahiri: Mr. Lahiri holds a Post Graduate Diploma in Management from IIM Bangalore and an engineering degree as wellMr. Lahiri has over 21 years of rich experience of which 17 years of experience is in Equity Investments and Research. Prior to joining L&T AMC, he was Head of Equities at Canara Robeco AMC Co. Ltd., Chief Investment Officer – PMS at Emkay Investment Managers Ltd. (Jan, 11 to March, 11), Chief Investment Officer at Fortuna Capital (May, 2008 to December, 2010) and was also Co-Head – Equities with DSP Black Rock Investment Managers Pvt. Ltd. (June, 2004 to March, 2008).
Abhijeet Dakshikar: Mr. Dakshikar is a B.E and M.M.S from FinanceHe has an experience of 10 years. Prior to this, he was with Mirae (AMC) for Jan,10-Jun,12 as Fund Manager, from Aug 2007-Sep 2009 as Research Analyst in RBS Equities Ltd., Ap 2004-Jul 2007 as Research Analyst in Man Financial Securities Ltd.
Rajesh Pherwani: Prior to being the Fund Manager-Foreign Securities at L&T, he was Head of research at L&T and associated with HDFC AMC.N.A.[/wptabcontent]
[wptabtitle]Fund House[/wptabtitle] [wptabcontent]
L&T is one of the largest and most respected companies in India’s private sector and is among the top 20 companies in India based on market capitalisation. But beneath this legacy, the L&T Group reflects values based on integrity, transparency, professionalism and accountability. It is this value system that underpins each one of our businesses – engineering, construction, electrical and electronics, information technology and financial services.
L&T Finance Holdings Limited was incorporated by Larsen & Toubro Limited (“L&T”) on May 1, 2008, with the strategic intent of holding all the investments of the L&T Group in the financial services businesses. It was registered with the Reserve Bank of India (“RBI”) under Section 45-IA of the Reserve Bank of India Act, 1934, as a non-banking financial institution without accepting public deposits.
L&T Finance Holdings Limited through its subsidiaries is into the business of infrastructure finance, term loans/leases to corporates, channel finance, financing of tractors, construction equipment and commercial vehicles, micro-finance, auto-finance, housing finance, investment management, portfolio management services, distribution of insurance and mutual fund products.
L&T Finance Holdings Limited is the Sponsor of L&T Investment Management.
L&T Financial Services comprises financial products and services from the L&T Group of companies.
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