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Home > Personal Finance > Capital Market Equity and Mutual Funds > L&T Large & MidCap Fund
L&T Large & MidCap Fund
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Never ever invest with L&T Mutual/Debt Funds.Be it their equity MF or Debt Mutual Funds, its the worst performing.Especially Debt funds.They get 4 stars or even 5 stars by rating agencies.But you see the performance among the lot.They will be placed in the bottom most.LT Triple ace Bond Fund is the best example.5 star rating.Ranked 20/20 for 1 month, 6 month and 1 Yea.Be market up or down, index up or down, doesnt matter its bleeding like anything.Their Equity MF's are also really bad.Another thing is that they dont have a mobile app.Every time u try to login to site, it wont allow saying password incorrect.Then you reset and login.Next time again same issue.Never ever think of investing with LT.They are looters.
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Useless one I invested in equity. when market are in loss it wii go to huge loss. when markets are possitive it would pick as expected.
Rubbish costumer service. Also, they make up rules very different from the market standards regarding TAT for redemption, stating things like Bank holiday and equity holidays even on days of working online transaction. Won't ever invest in LNT again.
YOUR RATING ON
Compared to other Mutual fund sites, L&T mutual fund site is very complicated and very less user friendly, I tried and opened an account but seeing the complexity I did not invest and will not invest directly from its site.I have invested on other mutual fund sites with very easy as iam kyc complianced and started investing in sip in many but I think its very difficult in l&t may they should reduce their bottle necks a bit.
L&t mutual fund are good. But Web site is very slow. I can't able to login by my android phone. Please upgrade as soon as possible. Customer care services are very nice. Need to build application handset for android and ios. Desktop Website is exellent.
I invested about a year but there was no growth even I lost my 30% of capital.
Then I did the redemption but now it's more than 2 month, but I have not yet received the money in my account.
Whenever I tried to approach them they are always asking to wait for 2 more business days and almost the time they will ask your folio number and then put the call on hold and never back.
They are the cheater, liar and scammer dont trust on this company otherwise you will burn your hard earn money.
I bought Online SIP in L&T Emerging Businesses Fund Direct Plan on 29/01/2018 and my money debited but no any units alloted to me. also my plan not started.
I contacted customer service, mailed them and constantly calling them but 1 month has been passed yet but they didn't yet given me cashback or any units in my folio. They always give to wait for a week our backend team is working on it. but 5 weeks has been passed and I got same answer we are working on it and wait for a week.
I have also shared bank statement with them but they are very careless in customer support.
my comlain reference no.?is 2120966. I dont know when I will get my cashback or units of the plan.
I suggest never buy online SIP plan of LNT mutual fund.
Jignesh Mahida.
L n T emerging business fund very good mutual fund in long term with minimum time span 10 year could give excellent returns. It's beta is1.08 which is very good it's three years trailing return 25.03 , whereas it's bench mark return just 15.37. So it's on of the best fund in small and madcap catogary. Fund manager Karan desai has good track record. It has 50.54 mid cap and 36.01 percent small cap. It forms good diversified portfolio .This fund is my choice for long term wealth creation.
This fund deals with emerging companies.
Initially they tell this n that abt the product but its totally a waste of money in itas there is no raising in growth of money invested in it and they make fake commitments to investors. When u want to withdraw or redeem money from sip it says u have to wait for 30days and if I want to cancel the folio and quit from l& t it still says that I need to wait 30days for the process to be processed. I am personally facing this problem with l& t mutual fund and maybe its not like it was before and thats the reason why its being so waste for the investors to waste their part of time investing their money so please new investirs be alert n cautious about this that u cant withdraw your money when you need it and abt this issue soon I am gng to put up complaint on consumer court too.
I am new investor to LnT mutual fund. I opened account via Online after verfiying their website terms. Since I am a kyc complient it didnt took much time to open account. After opening account and setting password. I invested money in emergung business fund.
Next day my investment reflected in my account and I received first account statement. For my surprise its mentioned that I am not KYC complient in statement. I droped mail to LnT customer care stating to currect KYC flag. Next day changed my KYC information as KYC complient and sent currect Statement.
Now the tragedy started when I tried to withdraw money back from scheme. Erroe message dispalyed said that withdraw facility disabled to my accunt. I uploaded cheque leaves scanned copy to the site as sugested by them then droped mail to customer care to update my account. Afyer 2 days also I they didnt update my account. I droped series of emails, and even raised many queries via online webpage. None was answered by LnT team.
I have invested in reliance, SBI, DSPBlackRock mutual funds all were very easy to invest and take money back. Only LnT is like invest your money but dont ask back. They dont even reply to the emails where our valued money is stuck with them. After 1 week of raising ticket some guy replied saying we registered your query and update soon. Its already 3 days after getting this reply I am nit able to withdraw my money after giving priper bank details too. I dont recommond LnT mutual funds to anyone. Please avoid LnT.
L& T mutual fund supposed to be the biggest and MNC on a worldwide range. They invest the capital of investors in different areas or different sectors of the society, in order to earn good returns.
This mutual fund industry has picked up in the market very fast in these days.
The customer service is satisfactory, but I feel they need to update their call centre services, as it takes a long time for them to respond back to the customers and customers are kept on waiting.
The staff courtesy is good and welcoming. They provide full details about the investment and the risk associated with it. In general the fund house is extremely good and performs good on the stock markets.
I think one should invest in L& T mutual funds
LnT Mutual funds is a big and prestigious player in the world of mutual funds. It comes in top 5 mutual funds. they derives the funds in a wealth making way.Customer service is very user friendly, you have to just decide to invest in mutual funds, the rest work will be done by this house effectively and smoothly.
Staff courtesy is always good as I have experienced.They will do their best in relation to serve their clients.
L& T mutual fund is rated as the most conservative valuable mutual fund in the industry, people challenging the fd rates with the mutual fund returns get an answer on seeing the past performance of this fund.
People tend to get moulded towards this mutual fund which has given approx 14% p.a returns with the capital protection infact if we go little towards its aggressiveness that is L& T tax advantage fund of 3 years lock in, it has given returns upto 24% p.a
A very conservative mutual fund best suited for conservative investors mostly senior citizens and non aggressive ones.
Hello Friends,
Here I would like to review L&T Infra fund,
L&T has proven itself a good destination for the retail investors. Most of its fund have performed well, and they have very well set systems.
As infrastructure sector is growing with good pace, I would recommend to invest in its infra fund with growth option,
You can see from the attached picture that it has given very good return in last one year and its one year return is around 45% which is very good for any retail investor.
It can be a very good decision to invest in this fund, therefor I recommend this fund a strong buy for any retail investor.
I hope this review will be useful for you.
Thanks
Pratik
I was invested money L&T Mutual Fund. The L&T Mutual Fund is good for the Investor or debtors.
About this: L&T Finance Holdings Limited through its subsidiaries is into the business of infrastructure finance, term loans/leases to corporate, 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.
It is best Investment process by all fund type & I believe a solid foundation is key to building wealth and so only well-researched investments make it to our funds. A robust monitoring and risk management process ensures checks and balances at every stage. Here is what happens through every step of the investment process
L&T mutual funds deliver long term consistent investment performance. After 6 months i am getting good response from market. You can try this if you are beginner with share marketing.
L&T is focusing on investing on building, land, mines oil, infrastructure, wells, utilities, rather than gold. Also can invest in international equity. Team is working and focusing of stock like auto, fertilizers, finance, gas, etc. You can find more from their website: https://lntmf.com
Why L&T is different from others?
Stock reach about 50 locations. Better investment process for selecting the right for you.
Yaa! Its brand
Every customer who invests in mutual fund ... get the moment of experience about the company when s/he goes for redemption, this differentiates between actual customer service or mere lip service in form of processes.
I had invested in Fidelity MF which was bought over by L&T MF. While investing I had mentioned an old bank account (which is no longer operational). It's ridiculous to expect an investor to necessarily have document/s pertaining to old bank details, when the new bank details along with cheque leaf is provided.
Their service centre CAMS - they asked me to submit self attest document, duly filled bank change request form along with a cancelled cheque leaf of new bank. This got rejected!!
So now for redemption of my own money (which I really needed before diwali) I have to adhere to their ridiculous 2/3 processes!
What a shame they bring to their parent company.
Showing: 1 - 17 Reviews on L&T Large & MidCap Fund
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