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L&T MF Announces Changes

Capital Market/ 16:35 , Nov 12, 2012

With effect from 12 November 2012

L&T Mutual Fund has announced the following changes which will be effective from 12 November 2012.

Systematic Transfer Plan (STP): The list of eligible schemes are as follows:

From any of the following schemes (Transferor Schemes)To any of the following schemes (Transferee Schemes)
L&T Triple Ace FundL&T Growth Fund
L&T Floating Rate FundL&T Midcap Fund
L&T Gilt FundL&T Opportunities Fund
L&T Liquid FundL&T Contra Fund
L&T Ultra Short Term FundL&T Tax Saver Fund
L&T Select Income Fund - Flexi Debt FundL&T Hedged Equity Fund
L&T Short Term Debt FundL&T Infrastructure Fund
L&T Monthly Income Plan
L&T MIP - Wealth Builder Fund

Minimum Amount of each Transfer: Rs 1000

Minimum amount for registering STP: Rs 25000

Minimum Aggregate amount in the Transferee Scheme: Rs 6000

Cooling Period: A minimum period of 7 days shall be required for registration under STP.

Daily Investment Plan (DIP): DIP facility which is available in L&T Liquid Fund - Regular Plan - Cumulative Option and L&T Ultra Short Term Fund - Regular Plan - Cumulative Option shall stand discontinued.

Change in Nomenclature of Cumulative Options to Growth Option: With effect from 12 November 2012 cumulative option of schemes of L&T Mutual Fund will be renamed as growth option.

Subscription in Single Plan under L&T Monthly Income Plan: No fresh applications for investments will be accepted under the institutional plan of L&T Monthly Income Plan with effect from 12 November 2012.

Change in Minimum Application Amount for first purchase in L&T Opportunities Fund: A minimum of Rs 5000 per application and in multiples of
Rs 1 thereafter.

Change in minimum application amount for first purchase and minimum application amount for additional purchase in debt schemes:

The minimum application amount for first purchase will be Rs 10000 per application and in multiples of Rs 1 thereafter for L&T Triple Ace Fund (all options), L&T Monthly Income Plan (Cumulative Option), L&T MIP - Wealth Builder Fund (Growth Option), L&T Floating Rate Fund (all options), L&T Short Term Debt Fund (all options), L&T Liquid Fund - for all options except daily dividend reinvestment plan (DDRIP), L&T Ultra Short Term Fund - for all options except DDRIP and L&T Select Income Fund - Flexi Debt Fund (all options).

The minimum application amount for additional purchase in L&T Liquid Fund - DDRIP and L&T Ultra Short Term Fund - DDRIP will be Rs 1000 per application and in multiples of Rs 1 thereafter.

Change in Default Sub-Option under Dividend Option of L&T Tax Saver Fund: The revised default option will be payout.

 



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