L & T Mutual Fund
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 Group Companies
L&T has group companies in 4 major industry verticals:
- Finance
- Information Technology
- Engineering and Construction
- 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 and NSE STOCK exchanges. It reported revenues of approximately US $ 10 billion for the year ending March 2010.
Investment Approach
Value Research, 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.
CEO and Management Team
Sanjay Sinha is the CEO of L&T Mutual Fund as of 2010. There are others in the management team who are responsible for fund performance in various categories.