L & T Mutual Fund
Encyclopedia
L&T Mutual Fund is a mutual fund
company in India
. It caters to the investment
needs of investors through various mutual fund schemes. The company claims to have sound investment management practices and a knowledgeable fund management team.
L&T Mutual Fund is promoted and owned by Larsen & Toubro
. L&T Mutual Fund has significant resources and assets under its management.
L&T is popularly known in India for its Engineering and Construction activities. L&T is publicly traded in India, listed on the BSE
and NSE
stock exchanges. It reported revenues of approximately US $ 10 billion for the year ending March 2010.
, a mutual fund research agency in India, reported that the investment philosophy of L&T is to provide long term gains to investors through research
based stock selection and active portfolio management
. To accomplish this, the company has created infrastructure
to conduct fundamental research. Some fund plans from L&T Mutual Fund have been given 5-star rating on the Value Research website.
Mutual fund
A mutual fund is a professionally managed type of collective investment scheme that pools money from many investors to buy stocks, bonds, short-term money market instruments, and/or other securities.- Overview :...
company in India
India
India , officially the Republic of India , is a country in South Asia. It is the seventh-largest country by geographical area, the second-most populous country with over 1.2 billion people, and the most populous democracy in the world...
. It caters to the investment
Investment
Investment has different meanings in finance and economics. Finance investment is putting money into something with the expectation of gain, that upon thorough analysis, has a high degree of security for the principal amount, as well as security of return, within an expected period of time...
needs of investors through various mutual fund schemes. The company claims to have sound investment management practices and a knowledgeable fund management team.
L&T Mutual Fund is promoted and owned by Larsen & Toubro
Larsen & Toubro
Larsen & Toubro Limited is an Indian multinational conglomerate company headquartered in Mumbai, India. The company has four main business sectors: technology, engineering, construction and manufacturing. L&T has an international presence, with a global spread of offices and factories, further...
. L&T Mutual Fund has significant resources and assets under its management.
L&T Group Companies
L&T has group companies in 4 major industry verticals:- FinanceFinance"Finance" is often defined simply as the management of money or “funds” management Modern finance, however, is a family of business activity that includes the origination, marketing, and management of cash and money surrogates through a variety of capital accounts, instruments, and markets created...
- Information TechnologyInformation technologyInformation technology is the acquisition, processing, storage and dissemination of vocal, pictorial, textual and numerical information by a microelectronics-based combination of computing and telecommunications...
- EngineeringEngineeringEngineering is the discipline, art, skill and profession of acquiring and applying scientific, mathematical, economic, social, and practical knowledge, in order to design and build structures, machines, devices, systems, materials and processes that safely realize improvements to the lives of...
and ConstructionConstructionIn the fields of architecture and civil engineering, construction is a process that consists of the building or assembling of infrastructure. Far from being a single activity, large scale construction is a feat of human multitasking...
- Machinery and Industrial Products
L&T is popularly known in India for its Engineering and Construction activities. L&T is publicly traded in India, listed on the BSE
BSE
- Medicine :* Bovine spongiform encephalopathy, a neurological disease commonly known as "mad cow disease"* Breast self-examination* Bone surface element- State Secondary Education Boards of India :*Board of Secondary Education, Assam...
and NSE
NSE
NSE may refer to:education* Norwegian School of Economicsstock exchanges* Nagoya Stock Exchange in Japan, * Nairobi Stock Exchange in Kenya, * Nigerian Stock Exchange in Lagos, Nigeria * National Stock Exchange of India,...
stock exchanges. It reported revenues of approximately US $ 10 billion for the year ending March 2010.
Investment Approach
Value ResearchValue Research
Value Research India Pvt. Ltd. is an independent mutual-fund research company founded by Dhirendra Kumar in 1990. Currently headquartered in Delhi, it has a branch operating from Mumbai. Value Research is India's first dedicated mutual-fund research company...
, a mutual fund research agency in India, reported that the investment philosophy of L&T is to provide long term gains to investors through research
Research
Research can be defined as the scientific search for knowledge, or as any systematic investigation, to establish novel facts, solve new or existing problems, prove new ideas, or develop new theories, usually using a scientific method...
based stock selection and active portfolio management
Investment management
Investment management is the professional management of various securities and assets in order to meet specified investment goals for the benefit of the investors...
. To accomplish this, the company has created infrastructure
Infrastructure
Infrastructure is basic physical and organizational structures needed for the operation of a society or enterprise, or the services and facilities necessary for an economy to function...
to conduct fundamental research. Some fund plans from L&T Mutual Fund have been given 5-star rating on the Value Research website.