L&T Mutual Fund launches L&T Emerging Opportunities Fund

L&T Mutual Fund today announced the launch of L&T Emerging Opportunities Fund Series 1, to generate long term capital appreciation from small cap firms that have the potential to grow their revenue and profits at a higher rate as compared to the broader market.
The close-ended new-fund offer (NFO), which opens today, will end on February 12.
The fund has a tenure of 1,151 days from the date of allotment.
"With the launch of L&T Emerging Opportunities Fund, we are providing investors with an opportunity to benefit from investing in the undervalued segment of the market while adding style diversification to their portfolios," L&T Mutual Fund CEO (L&T Investment Management) Kailash Kulkarni said in a release here.

"Although one may believe that some small cap stocks are trading at expensive valuations, there are still a large number of stocks available at reasonable valuations. We believe emerging businesses built around a scalable opportunity with strong leadership, good governance and balance sheet strength can reward investors," Kulkarni added.
The benchmark of L&T Emerging Opportunities Fund will be S&P BSE Small Cap Index. The fund will invest at least 65 per cent of net assets in equity and equity related securities of small cap companies.

It can invest up to 35 per cent of the net assets in equity and equity related companies other than small cap and up to 20 per cent of net assets in debt and money market instruments, the company said.

The minimum amount per application is Rs 5,000 and in multiples of Rs 1 thereafter.
L&T Mutual Fund has over Rs 60,314 crore (as on December 31, 2017) in average assets under management from close to 19 lakh customers.