| L&T Mutual Fund | |
| Scheme Name | L&T Nifty 50 Index Fund |
| Objective of Scheme | The scheme will adopt a passive investment strategy. The scheme will invest in stocks comprising the Nifty 50 index in the same proportion as in the index with the objective of achieving returns equivalent to the Total Returns Index of Nifty 50 index by minimizing the performance difference between the benchmark index and the scheme. The Total Returns Index is an index that reflects the returns on the index from index gain/ loss plus dividend payments by the constituent stocks. |
| Scheme Type | Open Ended |
| Scheme Category | Other Scheme – Index Funds |
| New Fund Launch Date | 24-Mar-2020 |
| New Fund Offer Closure Date | 31-Mar-2020 |
| Indicate Load Separately | Nil – If the units redeemed or switched out are up to 10% of the units purchased or switched in (“the limit”) within 1 year from the date of allotment. 1% – If units redeemed or switched out are over and above the limit within 1 year from the date of allotment. Nil – If units are redeemed or switched out on or after 1 year from the date of allotment. |
| Minimum Subscription Amount | Rs. 5,000/- |
| For Further Details Please Visit Website | www.ltfs.com |
| L&T Mutual Fund | |
| Scheme Name | L&T Nifty Next 50 Index Fund |
| Objective of Scheme | The scheme will adopt a passive investment strategy. The scheme will invest in stocks comprising the Nifty Next 50 index in the same proportion as in the index with the objective of achieving returns equivalent to the Total Returns Index of Nifty Next 50 index by minimizing the performance difference between the benchmark index and the scheme. The Total Returns Index is an index that reflects the returns on the index from index gain/ loss plus dividend payments by the constituent stocks. |
| Scheme Type | Open Ended |
| Scheme Category | Other Scheme – Index Funds |
| New Fund Launch Date | 24-Mar-2020 |
| New Fund Offer Closure Date | 31-Mar-2020 |
| Indicate Load Separately | Nil – If the units redeemed or switched out are up to 10% of the units purchased or switched in (“the limit”) within 1 year from the date of allotment. 1% – If units redeemed or switched out are over and above the limit within 1 year from the date of allotment. Nil – If units are redeemed or switched out on or after 1 year from the date of allotment. |
| Minimum Subscription Amount | Rs. 5,000/- |
| For Further Details Please Visit Website | www.ltfs.com |
Source from: www.amfiindia.com
Mutual Funds Based on Asset Class
Index Fund: These are funds that invest in instruments that represent a particular index on an exchange so as to mirror the movement and returns of the index e.g. buying shares representative of the BSE Sensex.
Mutual Funds Based on Structure
Open-Ended Funds: These are funds in which units are open for purchase or redemption through the year. All purchases/redemption of these fund units are done at prevailing NAVs. Basically these funds will allow investors to keep invest as long as they want. There are no limits on how much can be invested in the fund. They also tend to be actively managed which means that there is a fund manager who picks the places where investments will be made. These funds also charge a fee which can be higher than passively managed funds because of the active management. They are an ideal investment for those who want investment along with liquidity because they are not bound to any specific maturity periods. Which means that investors can withdraw their funds at any time they want thus giving them the liquidity they need.
