L&T Mutual Fund is one of the leading Mutual Fund companies in India. The company is managing ₹ 70191 Cr. of AUM (Asset Under Management) as of November 2020. The company aims to become the best AMC across various asset classes. Like all AMC, L&T Mutual Fund SIP is a unique product for retail investors catering to different needs.
Today, we will check why should you invest in L&T Mutual Fund SIP for the long term to create wealth for your future needs. The company has introduced 38 different funds for different needs.
What is L&T Mutual Fund?
As mentioned above, L&T Mutual Fund is an AMC managing 70k+ Cr. investment via 38 different funds which comprises 12 open-ended equity schemes, 12 open-ended debt/fixed income schemes, 5 hybrid schemes, and 9 close-ended schemes. It is one of the top Asset Management Company aims for the best value provider of investment solutions across asset classes.
Products of L&T Mutual Fund
L&T Mutual Fund has varied of products suitable for various class of investors. L&T Mutual Fund provides investor an opportunity to invest in:
- Equity Funds
- Fixed Income Funds
- Hybrid Funds
- FMPs & Closed-ended Funds
- Balanced Funds
Why you should invest through SIP?
Investing through SIP helps the investor to take the advantage of average costing by investing into the fund at regular intervals. By doing so, investors are benefited from lower purchasing costs. So when the market moves up, the value of the investment will also go up significantly.
SIP also helps investors to invest in small trenches beneficial for the people who just want to take the first step in their investment journey.
Early investment in SIP also helps the investor to accumulate higher wealth as compared to the person who has started investing later. Let’s understand this with the help of the below example.
L&T Mutual Fund – Calculators
To help the investor choose the right product, L&T Mutual Fund offers various investment calculators. Through these calculators, the investor can check the amount of investment required to meet future goals. For example, if you want to build a corpus of ₹ 1 crore for your retirement needs. You still have 15 years more to go for retirement. So the calculator will tell you exactly how much amount of SIP you need to start in order to meet your future goal.
Here are the various SIPs.
This calculator will tell you the amount you would require to invest in order to achieve the future goal. Let’s say I want to build a corpus of ₹ 1 crore by the age of 60, and my current age is 40 years. So I have 20 years to achieve my goal. I will have to simply enter the corpus amount i.e. Goal amount as ₹. 10000000 and select the number of years you have to achieve this goal. For our example, it is 20 years.
Here you need to assume the rate of return throughout your investment period. Select this rate of return very accurately because your entire calculation is based on this rate of return only. The calculator will look like this.
For our example, the investment amount comes out to be ₹ 10871. So I need to invest ₹ 10871 every month for the next 20 years to accumulate the corpus of ₹ 1 Cr. Isn’t it simple and easy? Any 5th standard student can use this calculator effectively.
ELSS is a special product design to save income tax and at the same time generates higher returns like equity funds. The only condition here is you have to stay invested in ELSS funds for at least 3 years from the date you start investing.
Save tax with L&T ELSS calculator. It is so simple and easy that you just have to enter the figures and it will tell you the amount you will save on your income tax.
Children Education Calculator
Children’s higher education is one of the major life goals for every parent. Nowadays with the ever-increasing cost of education, parents must be prepared for the future expenses of higher studies. The cost of education is much much higher than the cost of marriage, mind it!
So to meet the future education cost, one must start investing right now so that the adequate corpus is available when the future event will occur.
L&T’s children’s education calculator helps you to know the amount you need to invest every month to meet your future requirement.
This calculator will give you the magical figure that you as a parent need to shell out when your child will go for higher education.
L&T Mutual Fund – Various Product Catalogue
Here are some of the product catalogue from L&T Mutual Fund.
L&T Mutual Fund offers comprehensive information to its investors so that the investors can make the right decisions about their investments.
They have an investor education page where you can check all the details about mutual funds and their schemes. This will help you to select the right product for your future goals. This space will not only gives you knowledge but also boost up your confidence in mutual fund investment.
Disclaimer: Mutual Fund investments are subject to market risks, read all scheme related documents carefully.
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