L&T Mutual Fund

Description
The Scheme will primarily be a diversifi ed equity fund which will seek to invest in undervalued companies for long term
investment with key theme focus being "Special Situations"-these are situations that are out-of-the-ordinary and which
therefore present interesting stock picking opportunities.
The types of companies that may fall within the scope of Special Situations could include but are not limited to companies
with recovery potential, companies whose growth potential may not be fully recognised by the market, companies with
hidden/undervalued assets whose value may not be fully recognised by the market, companies with interesting product
pipelines which could offer good earnings potential, companies undertaking corporate restructuring, companies which
could be potential candidates for mergers and acquisitions related activities.

Combined Key Information Memorandum
and Application Forms
Ongoing Offer: Issue of Units at Applicable NAV
This Key Information Memorandum (KIM) sets forth the information, which a prospective investor ought to know before investing. For
further details of the Scheme/Mutual Fund, Due Diligence Certi?cate by the AMC, Key Personnel, Investors’ Rights & Services,
Risk Factors, Penalties & Pending Litigations, Associate Transactions etc. investors should, before investment, refer to the
Statement of Additional Information available free of cost at any of the Investor Service Centre or distributors or from the
website www.lntmf.com
The Scheme particulars have been prepared in accordance with Securities and Exchange Board of India (Mutual Funds) Regulations,
1996, as amended till date, and ?led with Securities and Exchange Board of India (SEBI). The units being offered for public
subscription have not been approved or disapproved by SEBI, nor has SEBI certi?ed the accuracy or adequacy of this KIM.
Investors are advised to consult their Legal, Tax, Finance and other Professional Advisors before making decision to invest in or redeem the
units in regard to tax/legal issues relating to their investments in the Scheme(s)/Plan(s).
The date of this Key information Memorandum is November 24, 2012.
SPONSOR
L&T Finance Limited
Registered Of?ce: L&T House, Ballard Estate, P.O. Box 278, Mumbai - 400 001
TRUSTEE
L&T Mutual Fund Trustee Limited
Registered Of?ce: L&T House, Ballard Estate, P.O. Box 278, Mumbai - 400 001
INVESTMENT MANAGER
L&T Investment Management Limited
Registered Of?ce:
L&T House, Ballard Estate, P.O. Box 278, Mumbai - 400 001
Head Of?ce:
6th Floor, Mafatlal Centre, Nariman Point,
Mumbai – 400 021
L&T Equity Fund
An open-ended equity growth scheme
L&T India Large Cap Fund
An open-ended equity growth scheme
L&T Midcap Fund
An open-ended equity scheme
L&T India Special Situations Fund
An open-ended equity growth scheme
L&T India Value Fund
An open-ended equity growth scheme
L&T Tax Advantage Fund
An open-ended equity linked savings scheme
L&T India Equity and Gold Fund
An open-ended equity growth fund
L&T Tax Saver Fund*
An open-ended equity linked tax savings scheme
L&T Infrastructure Fund
An open-ended equity scheme
L&T Indo Asia Fund
An open-ended equity growth scheme
L&T India Prudence Fund
An open-ended equity growth fund
L&T Global Real Assets Fund
An open-ended fund of funds scheme
* In order to comply with requirements of ELSS 2005 guidelines,
further subscription/switch-in into L&T Tax Saver Fund is restricted
with effect from November 23, 2012.
L&T Monthly Income Plan
An open-ended income scheme with no assured returns
(Monthly Income is not assured & is subject to the availability
of distributable surplus)
L&T MIP – Wealth Builder Fund
An open-ended income scheme
(Monthly Income is not assured & is subject to the availability
of distributable surplus)
L&T Cash Fund
An open-ended liquid scheme
L&T Low Duration Fund
An open-ended debt scheme
L&T Gilt Fund
An open-ended dedicated gilt (government securities) scheme
L&T Flexi Bond Fund
An open-ended income scheme
L&T Short Term Income Fund
An open-ended income scheme
L&T Triple Ace Bond Fund
An open-ended pure income scheme
L&T Income Opportunities Fund
An open-ended income scheme
L&T Short Term Opportunities Fund
An open-ended debt scheme
L&T Floating Rate Fund
An open-ended income scheme
L&T Ultra Short Term Fund
An open-ended pure income scheme
L&T Liquid Fund
An open-ended high liquidity income fund
2
page 2
Name of Scheme
L&T Equity Fund (L&TEF) L&T Tax Advantage Fund (L&TTAF)
Investment Objective To generate long-term capital growth from a diversi?ed portfolio of
predominantly equity and equity-related securities.
To generate long-term capital growth from a diversi?ed portfolio of predominantly
equity and equity-related securities.
Asset Allocation Pattern
Types of Instruments Normal Allocation (% of net assets) Risk Pro?le
Equity and equity related securities* 80 to 100 High
Money market instruments 0 to 20 Low to Medium
* Includes investments in Offshore securities, ADRs and GDRs not exceeding 10% of the net assets of the Scheme subject to SEBI Guidelines.
Investment Strategy Please refer to page 20 for details
Plans Not Available
Options Growth and Dividend. The Dividend Option offers Payout and Reinvestment facilities.
Minimum Application Size
(Lumpsum Investment per
Application)
Initial Investment Additional Investment
Rs. 5,000 Rs. 1,000
Initial Investment Additional Investment
Rs. 500 and in multiples of Rs. 500
thereafter
Rs. 500 and in multiples of Rs.
500 thereafter
Minimum Application Size
(Systematic Investment per
Application)
Min. Instalment
Amount
Min. No. of Instalments Min. Aggregate
Investment
Rs. 1,000 (a) Monthly: 6 (b) Quarterly: 6 Rs. 6,000
Min. Instalment
Amount
Min. No. of Instalments Min. Aggregate
Investment
Rs. 500 (a) Monthly: 6 (b) Quarterly: 6 Rs. 3,000
All the above three conditions to be jointly ful?lled
Minimum Redemption Size Rs. 1,000 or 100 units. In case of Units held in dematerialised mode, the
Unit Holder can give a request for Redemption only in number of Units.
Rs. 500 or 50 units. In case of Units held in dematerialised mode, the Unit Holder can
give a request for Redemption only in number of Units.
Benchmark Index BSE 200 Index BSE 200 Index
Dividend Policy The Trustee may decide to distribute by way of dividend, the surplus by way of realised pro?t, dividends and interest, net of losses, expenses and taxes, if any, to
Unit Holders in the dividend option of the Scheme if such surplus is available and adequate for distribution in the opinion of the Trustee. The Trustee's decision
with regard to availability and adequacy, rate, timing and frequency of distribution shall be ?nal. The dividend will be due to only those Unit Holders whose names
appear in the register of Unit Holders in the dividend option of the Scheme on the record date which will be ?xed by the Trustees and announced in advance.
Further, the NAV shall be adjusted to the extent of dividend distribution and statutory levy, if any, at the close of business hours on record date. Within one day
of the decision by the Trustees regarding dividend distribution rate and record date, AMC shall issue notice to the public communicating the decision including
the record date. The record date shall be 5 calendar days from the issue of notice. Such notice shall be given in one English daily newspaper having nationwide
circulation as well as in a newspaper published in the language of the region where the head of?ce of the mutual fund is situated. The Unit Holders will have the
option of receiving the dividend or reinvesting the same. The dividend will be reinvested at the ex-dividend NAV. In case of investors opting for dividend payout
facility, the AMC shall dispatch to the Unit Holders, the dividend warrants within 30 days of the date of declaration of dividend. Under the dividend payout facility,
if the amount of dividend payable to the Unit Holder is less than Rs. 250, then the dividend amount will be compulsorily reinvested in the Scheme.
Dividend Frequency and
Record Dates
Dividend Frequency Record Date Facilities available
At Trustee's
Discretion
Would be announced
in advance
Reinvestment and
Payout
Dividend Frequency Record Date Facilities available
At Trustee's
Discretion
Would be announced in
advance
Reinvestment and
Payout
Name of Fund Manager(s) Mr S. N. Lahiri and Mr Rajesh Pherwani (for investments in foreign securities) Mr S. N. Lahiri
Performance of Schemes
(as at September 30, 2012)
NAVs of Growth Option are used
for calculation of returns. Returns
have been calculated on the face
value of Rs. 10/- per unit.
Past Performance may or may not
be sustained in future.
Compounded
Annualised Returns
L&T Equity Fund BSE 200
1 year 11.66% 13.81%
3 years 9.08% 3.28%
5 years 6.15% 1.72%
Since Inception 19.15% 14.24%
Date of Allotment/Inception Date May 16, 2005
Absolute Returns
FY 10-11
18.02
8.15
105% –
90% –
75% –
60% –
45% –
30% –
15% –
0% –
-15% –
-30% –
-45% –
FY 07-08
17.38
24.13
L&T Equity Fund BSE 200
FY 08-09 FY 11-12
-32.57
-6.33
-40.98
-9.28
FY 09-10
89.48
92.87
Compounded Annualised
Returns
L&T Tax Advantage Fund BSE 200
1 year 11.58% 13.81%
3 years 9.65% 3.28%
5 years 7.02% 1.72%
Since Inception 13.13% 9.24%
Date of Allotment/Inception Date February 27, 2006
Absolute Returns
100% –
80% –
60% –
40% –
20% –
0% –
-10% –
-20% –
-30% –
-40% –
-50% –
L&T Tax Advantage Fund BSE 200
19.88
24.13
FY 07-08
-32.02
-40.98
FY 08-09
FY 09-10
90.90
92.87
FY 10-11
18.75
8.15
FY 11-12
-6.22 -9.28
Expenses
Load Structure
For Ongoing Offer
Exit Load: For redemption within 1 year from the date of allotment or
Purchase applying First in First Out basis 1.00%
A switch-out or a withdrawal under SWP may also attract an Exit Load like
any Redemption. No Exit Loads/CDSC will be chargeable in case of switches
made between different options of the Scheme.
No Exit loads will be chargeable in case of; (i) Units allotted on account
of dividend reinvestments; and (ii) Units issued by way of bonus, if any.
In case of units switched out/systematically transferred to another option
within the Scheme and if subsequently redeemed, for the purpose of
determining the Exit Load, the date when such units were ?rst allotted in
the Scheme will be considered as the purchase/allotment date.
Exit Load: NIL
No. of Folios (Live Accounts) as
at October 31, 2012
2,44,983 3,00,470
Assets under Management
(AUM) (Rs. in crores) as at
October 31, 2012
2604.00 1182.38
3
page 3
Name of Scheme
L&T India Special Situations Fund (L&TISSF) L&T Indo Asia Fund (L&TIAF)
Investment Objective To generate long-term capital growth from a diversi?ed portfolio of predominantly equity and equity-
related securities including equity derivatives.
Information on Special Situations
The Scheme will primarily be a diversi?ed equity fund which will seek to invest in undervalued companies for long term
investment with key theme focus being "Special Situations"-these are situations that are out-of-the-ordinary and which
therefore present interesting stock picking opportunities.
The types of companies that may fall within the scope of Special Situations could include but are not limited to companies
with recovery potential, companies whose growth potential may not be fully recognised by the market, companies with
hidden/undervalued assets whose value may not be fully recognised by the market, companies with interesting product
pipelines which could offer good earnings potential, companies undertaking corporate restructuring, companies which
could be potential candidates for mergers and acquisitions related activities.
To generate long-term capital appreciation from a diversi?ed portfolio of
predominantly equity and equity related securities including equity derivatives in
the Indian and international markets.
Asset Allocation Pattern
Types of Instruments
Normal Allocation
(% of net assets)
Risk Pro?le
Equity and equity related securities* 80 to 100 High
Money market instruments 0 to 20 Low to
Medium
* Includes investments in Offshore securities, ADRs and GDRs not exceeding 10% of the net
assets of the Scheme subject to SEBI Guidelines.
Types of Instruments
Normal Allocation
(% of net assets)
Risk Pro?le
Equity and equity related securities^ (including Indian and
foreign equity securities as permitted by SEBI/RBI*)
80 to 100 Medium to High
Money market instruments 0 to 20 Low to Medium
^ Includes investments in equity derivatives.
* Investments in Foreign Securities will not exceed Eligible Investment Amount.
Under current regulations, the fund managers will seek to invest more than 65% of net assets in equity
shares of domestic companies and around 30% of its net assets in Foreign Securities in order to avail of
the prevailing tax bene?t of long term capital gains. However, investments in Foreign Securities could be
lower than 30% of the net assets due to the limit set on investments in Foreign Securities or could be in
excess of 30% of its net assets subject to the limit speci?ed by SEBI, in case of amendment in the tax laws.
Investment Strategy Please refer to page 20 for details
Plans Not Available
Options Growth and Dividend. The Dividend Option offers Payout and Reinvestment facilities.
Minimum Application Size
(Lumpsum Investment per
Application)
Initial Investment Additional Investment
Rs. 5,000 Rs. 1,000
Minimum Application Size
(Systematic Investment per
Application)
Min. Instalment Amount Min. No. of Instalments Min. Aggregate Investment
Rs. 1,000 (a) Monthly: 6 (b) Quarterly: 6 Rs. 6,000
All the above three conditions to be jointly ful?lled
Minimum Redemption Size Rs. 1,000 or 100 units. In case of Units held in dematerialised mode, the Unit Holder can give a request for Redemption only in number of Units.
Benchmark Index BSE 200 Index A custom benchmark created using the BSE 200 to the extent of 65% of
portfolio and MSCI AC Asia Paci?c ex Japan for balance 35%
Dividend Policy The Trustee may decide to distribute by way of dividend, the surplus by way of realised pro?t, dividends and interest, net of losses, expenses and taxes, if any, to Unit Holders in the
dividend option of the Scheme if such surplus is available and adequate for distribution in the opinion of the Trustee. The Trustee's decision with regard to availability and adequacy,
rate, timing and frequency of distribution shall be ?nal. The dividend will be due to only those Unit Holders whose names appear in the register of Unit Holders in the dividend option
of the Scheme on the record date which will be ?xed by the Trustees and announced in advance. Further, the NAV shall be adjusted to the extent of dividend distribution and statutory
levy, if any, at the close of business hours on record date. Within one day of the decision by the Trustees regarding dividend distribution rate and record date, AMC shall issue notice
to the public communicating the decision including the record date. The record date shall be 5 calendar days from the issue of notice. Such notice shall be given in one English daily
newspaper having nationwide circulation as well as in a newspaper published in the language of the region where the head of?ce of the mutual fund is situated. The Unit Holders
will have the option of receiving the dividend or reinvesting the same. The dividend will be reinvested at the ex-dividend NAV. In case of investors opting for dividend payout facility,
the AMC shall dispatch to the Unit Holders, the dividend warrants within 30 days of the date of declaration of dividend. For L&TIAF under the dividend payout facility, if the amount
of dividend payable to the Unit Holder is less than Rs. 250, then the dividend amount will be compulsorily reinvested in the Scheme.
Dividend Frequency and
Record Dates
Dividend Frequency Record Date Facilities available
At Trustee's
Discretion
Would be announced in
advance
Reinvestment and
Payout
Dividend Frequency Record Date Facilities available
At Trustee's
Discretion
Would be announced in
advance
Reinvestment and
Payout
Name of Fund Manager(s) Mr S. N. Lahiri and Mr Rajesh Pherwani (for investments in foreign securities) Mr Venugopal Manghat and Mr Rajesh Pherwani (for investments in foreign securities)
Performance of Schemes
(as at September 30, 2012)
NAVs of Growth Option are used
for calculation of returns. Returns
have been calculated on the face
value of Rs. 10/- per unit.
Past Performance may or may not
be sustained in future.
Compounded
Annualised Returns
L&T India Special
Situations Fund
BSE 200
1 year 20.45% 13.81%
3 years 9.84% 3.28%
5 years 4.91% 1.72%
Since Inception 11.54% 9.66%
Date of Allotment/Inception Date May 22, 2006
Absolute Returns
120% –
100% –
80% –
60% –
40% –
20% –
0% –
-20% –
-40% –
-60% –
L&T India Special Situations Fund BSE 200
FY 07-08
10.73
24.13
FY 08-09 FY 11-12
-41.10
-3.07
-40.98
-9.28
111.90
92.87
FY 09-10
12.25
8.15
FY 10-11
Compounded Annualised
Returns
L&T Indo Asia Fund Benchmark*
1 year 18.02% 19.69%
3 years 9.00% 5.97%
5 years 5.17% 3.24%
Since Inception 6.89% 6.71%
Date of Allotment/Inception Date May 28, 2007
* L&TIOF is benchmarked to a custom benchmark created by assigning 65%
weight to BSE 200 and 35% weight to MSCI AC Asia Paci?c ex Japan
Absolute Returns
15.15
11.61
100% –
80% –
60% –
40% –
20% –
0% –
-20% –
-40% –
-30% –
-40% –
FY 07-08*
90.76
80.28
L&T Indo Asia Fund Benchmark
* from inception (May 28, 2007) to March 31, 2008
FY 08-09 FY 11-12
-36.64
-5.74
-36.88
-3.71
FY 09-10
-0.57
8.30
FY 10-11
Expenses
Load Structure
For Ongoing Offer
Exit Load: For redemption within 1 year from the date of allotment or Purchase applying First in
First Out basis 1.00%
A switch-out or a withdrawal under SWP may also attract an Exit Load like any Redemption. No Exit
Loads/CDSC will be chargeable in case of switches made between different options of the Scheme.
No Exit loads will be chargeable in case of; (i) Units allotted on account of dividend reinvestments; and
(ii) Units issued by way of bonus, if any.
In case of units switched out/systematically transferred to another option within the Scheme and if
subsequently redeemed, for the purpose of determining the Exit Load, the date when such units were
?rst allotted in the Scheme will be considered as the purchase/allotment date.
Exit Load: For redemption within 1 year from the date of allotment or Purchase applying First in
First Out basis: 1.00%
A switch-out or a withdrawal under SWP or a transfer under STP may also attract an Exit Load like
any Redemption. No Exit Loads/CDSC will be chargeable in case of switches made between different
options of the Scheme.
No Exit loads will be chargeable in case of; (i) Units allotted on account of dividend reinvestments;
and (ii) Units issued by way of bonus, if any. In case of units switched out/systematically transferred
to another option within the Scheme and if subsequently redeemed, for the purpose of determining
the Exit Load, the date when such units were ?rst allotted in the Scheme will be considered as the
purchase/allotment date.
No. of Folios (Live Accounts) as
at October 31, 2012
1,00,141 80,145
Assets under Management
(AUM) (Rs. in crores) as at
October 31, 2012
637.24 295.79
4
page 4
Name of Scheme
L&T India Large Cap Fund (L&TILCF) L&T India Value Fund (L&TIVF)
Investment Objective To generate long-term capital appreciation from a diversi?ed portfolio of
predominantly equity and equity related securities, including equity derivatives,
in the Indian markets. The Scheme will predominantly invest in large cap
stocks. The Scheme could also additionally invest in Foreign Securities.
To generate long-term capital appreciation from diversi?ed portfolio of
predominantly equity and equity related securities, in the Indian markets with
higher focus on undervalued securities. The Scheme could also additionally
invest in Foreign Securities in international markets.
Asset Allocation Pattern
Types of Instruments Normal Allocation
(% of net assets)
Risk Pro?le
Equity and equity related securities^ (including
Indian and foreign equity securities as
permitted by SEBI/RBI*)
80 to 100 Medium to
high
Money market instruments 0 to 20 Low to
medium
^ Includes investments in equity derivatives.
* The Scheme may invest in Foreign Securities upto 10% of its net assets
subject to Eligible Investment amount.
Types of Instruments Normal Allocation
(% of net assets)
Risk Pro?le
Maximum Minimum
Equity and equity related securities^
Indian equity securities 100 80 Medium to
High
Foreign Securities including overseas
ETFs* (as permitted by SEBI/RBI)
10 0 Medium to
High
Debt Securities**, Money market
instruments, Cash and domestic ETFs*
20 0 Low to
Medium
^ Includes investments in equity derivatives.
* Investments in ETFs will be within the limits speci?ed under the Regulations from time to time.
** including securitised debt.
Investment Strategy Please refer to page 20 for details
Plans Not Available
Options Growth and Dividend. The Dividend option offers Dividend Payout and Dividend Reinvestment facilities.
Minimum Application Size
(Lumpsum Investment per
Application)
Initial Investment Additional Investment
Rs. 5,000 Rs. 1,000
Initial Investment Additional Investment
Rs. 5,000 Rs. 1,000
Mi ni mum Appl i cati on Si ze
(Systematic Investment per
Application)
Min. Instalment Amount Min. No. of Instalments Min. Aggregate Investment
Rs. 1,000 (a) Monthly: 6 (b) Quarterly: 6 Rs. 6,000
All the above three conditions to be jointly ful?lled
Minimum Redemption Size Rs. 1000 or 100 units. In case of Units held in dematerialised mode, the Unit Holder can give a request for Redemption only in number of Units.
Benchmark Index BSE 100 Index BSE 200 Index
Dividend Policy The Trustee may decide to distribute by way of dividend, the surplus by way of realised pro?t, dividends and interest, net of losses, expenses and taxes, if any, to
Unit Holders in the dividend option of the Scheme if such surplus is available and adequate for distribution in the opinion of the Trustee. The Trustee's decision
with regard to availability and adequacy, rate, timing and frequency of distribution shall be ?nal. The dividend will be due to only those Unit Holders whose names
appear in the register of Unit Holders in the Dividend option of the Scheme on the record date which will be ?xed by the Trustees and announced in advance.
Further, the NAV shall be adjusted to the extent of dividend distribution and statutory levy, if any, at the close of business hours on record date. Within one day
of the decision by the Trustees regarding dividend distribution rate and record date, AMC shall issue notice to the public communicating the decision including
the record date. The record date shall be 5 calendar days from the issue of notice. Such notice shall be given in one English daily newspaper having nationwide
circulation as well as in a newspaper published in the language of the region where the head of?ce of the mutual fund is situated. The Unit Holders will have the
option of receiving the dividend or reinvesting the same. The dividend will be reinvested at the ex-dividend NAV. In case of investors opting for dividend payout
facility, the AMC shall dispatch to the Unit Holders, the dividend warrants within 30 days of the date of declaration of dividend. Under the dividend payout facility,
if the amount of dividend payable to the Unit Holder is less than Rs. 250, then the dividend amount will be compulsorily reinvested in the Scheme.
Dividend Frequency and
Record Dates
Dividend Frequency Record Date Facilities available
At Trustee's
Discretion
Would be announced in
advance
Reinvestment and
Payout
Dividend Frequency Record Date Facilities available
At Trustee's
Discretion
Would be announced in
advance
Reinvestment and
Payout
Name of Fund Manager(s) Mr Venugopal Manghat and Mr Rajesh Pherwani
(for investments in foreign securities)
Mr Venugopal Manghat and Mr Rajesh Pherwani
(for investments in foreign securities)
Performance of Schemes
(as at September 30, 2012)
NAVs of Growth Option are used
for calculation of returns. Returns
have been calculated on the face
value of Rs. 10/- per unit.
Past Performance may or may not
be sustained in future.
Compounded
Annualised Returns
L&T India Large Cap
Fund
BSE 200
1 year 10.39% 13.81%
3 years 8.71% 3.28%
Since Inception 4.66% 0.50%
Date of Allotment/Inception Date October 23, 2007
Pursuant to change in fundamental attributes of the scheme, the benchmark
was changed from BSE 200 to BSE 100 effective November 16, 2012.
Absolute Returns
17.88
8.15
FY 07-08*
L&T India Large Cap Fund Benchmark
100% –
75% –
50% –
25% –
0% –
-25% –
-50% –
-17.53
-14.16
* from inception (October 23, 2007) to March 31, 2008
FY 08-09
-31.95
-6.77
-40.98
-9.28
91.25
92.87
FY 09-10 FY 10-11
FY 11-12
Compounded
Annualised Returns
L&T India Value Fund BSE 200
1 year 16.59% 13.81%
Since Inception 4.79% 1.55%
Date of Allotment/Inception Date January 8, 2010
Absolute Returns
25% –
20% –
15% –
10% –
5% –
0% –
5% –
10% –
24.03
14.86
FY 09-10*
L&T India Value Fund Benchmark
* from inception (January 8, 2010) to March 31, 2010
8.00
-6.07
8.15
-9.28
FY 10-11
FY 11-12
Expenses
Load Structure
For Ongoing Offer
Exit Load:
For Redemption Load (% of Applicable NAV)
Within 1 year from the date of allotment or Purchase applying First in First Out basis. 1.00%
A switch-out or a withdrawal under SWP or a transfer under STP may also attract an Exit Load like any Redemption.
No Exit Loads/CDSC will be chargeable in case of switches made between different options of the Scheme.
No Exit loads will be chargeable in case of; (i) Units allotted on account of dividend reinvestments; and (ii) Units issued by way of bonus, if any.
In case of units switched out/systematically transferred to another option within the Scheme and if subsequently redeemed, for the purpose of
determining the Exit Load, the date when such units were ?rst allotted in the Scheme will be considered as the purchase/allotment date.
No. of Folios (Live Accounts) as
at October 31, 2012
56,354 9,078
Assets under Management
(AUM) (Rs. in crores) as at
October 31, 2012
253.90 62.42
5
page 5
L&T India Prudence Fund (L&TIPF) L&T India Equity and Gold Fund (L&TIEGF)
Investment Objective To seek to generate long-term capital appreciation from a diversi?ed portfolio of
predominantly equity and equity related securities and to generate reasonable
returns through a portfolio of debt and money market instruments.
The investment objectives of each Fund under the Plan are as follows:
The investment objective of the Scheme is to seek to generate long-term capital
appreciation from a diversi?ed portfolio of predominantly equity and equity related
securities and to generate reasonable returns through a portfolio of debt and money
market instruments. The Fund could also additionally invest in domestic Gold ETFs.
Asset Allocation Pattern Under normal circumstances, it is anticipated that the asset allocation
for each Plan shall be as follows:
Types of Instruments Indicative Allocation
(% of net assets)
Normal
Allocation
(% of net
assets)
Risk
Pro?le
Maximum Minimum
Equity and Equity related securities 75 65 70 Medium
to High
Debt and Money Market Instruments including
units of debt/?xed income schemes launched
by mutual funds registeredwith SEBI *
35 25 30 Low to
Medium
*includes investments in securitized debt up to 35% of net assets
The Scheme may, subject to applicable regulations from time to time, invest in
offshore securities up to 25% of net assets of the Scheme.
The Scheme may, invest in derivatives upto 100% of the net assets of the Scheme
for the purpose of hedging and portfolio balancing purposes.
Under normal circumstances, it is anticipated that the asset allocation for the Scheme
shall be as follows:
Types of Instruments Indicative Allocation
(% of net assets)
Normal
Allocation
(% of net
assets)
Risk Pro?le
Maximum Minimum
Equity and Equity related securities 90 65 70 Medium to
High
Gold ETFs @ 25 10 20 Medium to
High
Debt and Money Market Instruments including
units of debt/?xed income schemes launched by
mutual funds registered with SEBI *
10 0 10 Low to
Medium
@Investments shall be made in Gold ETFs launched/registered in India and it
shall be within the limits speci?ed under the Regulations from time to time.
*includes investments in securitized debt up to 10% of net assets
The Scheme may, subject to applicable regulations from time to time, invest in
offshore securities up to 25% of net assets of the Scheme.
The Scheme may, invest in derivatives upto 100% of the net assets of the Scheme
for the purpose of hedging and portfolio balancing purposes.
Investment Strategy Please refer to page 21 for details
Plans Not Available
Options The Scheme offers Growth option and Dividend option. The Dividend option offers Dividend Payout and Dividend Reinvestment facilities.
Minimum Application Size
(Lumpsum Investment per
Application)
Initial Investment Additional Investment
Rs. 5,000 per application Rs. 500 per application
Minimum Application Size
(Systematic Investment per
Application)
Min. Instalment Amount Min. No. of Instalments Min. Aggregate Investment
Rs. 1,000 (a) Monthly: 6 (b) Quarterly: 6 Rs. 6,000
All the above three conditions to be jointly ful?lled
Minimum Redemption Size Rs. 1000 or 100 units.
Benchmark Index 70% - BSE 200 Index and 30% - CRISIL Short Term Bond Fund Index 70% - BSE 200 Index, 20% - Gold Prices and
10% - CRISIL Short Term Bond Fund Index
Dividend Policy The Trustee may decide to distribute, by way of dividend, the surplus by way of realised pro?t, dividends and interest, net of losses, expenses and taxes, if any, to Unit Holders
in the Dividend Option of a Fund if such surplus is available and adequate for distribution in the opinion of the Trustee. The Trustee's decision with regard to availability and
adequacy, rate, timing and frequency of distribution shall be ?nal. The dividend will be due to only those Unit Holders whose names appear in the register of Unit Holders
in the Dividend Option of a Fund on the record date which will be ?xed by the Trustees and announced in advance. Further, the NAV shall be adjusted to the extent of
dividend distribution and statutory levy, if any, at the close of business hours on record date. Within one day of the decision by the Trustees regarding dividend distribution
rate and record date, AMC shall issue notice to the public communicating the decision including the record date. The record date shall be 5 calendar days from the issue
of notice. Such notice shall be given in one English daily newspaper having nationwide circulation as well as in a newspaper published in the language of the region where
the Head Of?ce of the mutual fund is situated. The Unit Holders will have the option of receiving the dividend or reinvesting the same. In case of Unit Holders opting for
dividend re-investment facility, the dividend will be reinvested at the ex-dividend NAV. No Exit Load will be charged on account of redemption of Units allotted by way of
dividend re-investments. In case of investors opting for dividend payout facility, the AMC shall dispatch to the Unit Holders, the dividend warrants within 30 days of the
date of declaration of dividend. Further, the dividend proceeds may be paid by way of direct credit/NEFT/RTGS /any other manner through which the investor's bank account
speci?ed in the Registrar's records is credited with the dividend proceeds.
In case under the dividend payout facility, if the amount of dividend payable to the Unit Holder is less than Rs. 250, then the dividend amount will be compulsorily reinvested
in the respective Plan/Fund.
Dividend Frequency and
Record Dates
Dividend Frequency Record Date Facilities available
At Trustee's
Discretion
Would be announced in
advance
Reinvestment and
Payout
Dividend Frequency Record Date Facilities available
At Trustee's
Discretion
Would be announced in
advance
Reinvestment and
Payout
Name of Fund Manager(s) Mr. S. N. Lahiri (investments in equity and equity related instruments), Mr. Vikram Chopra (investments in debt and money market instruments)
and Mr. Rajesh Pherwani (investment in foreign securities)
Performance of Schemes
(as at September 30, 2012)
NAVs of Growth Option are used
for calculation of returns. Returns
have been calculated on the face
value of Rs. 10/- per unit.
Past Performance may or may not
be sustained in future.
Compounded Annualised Returns L&T India Prudence
Fund-Growth
Benchmark*
1 year
13.63% 10.85%
Since inception
4.45% 4.04%
Date of Allotment/Inception Date February 7, 2011
Absolute Returns
L&T India Prudence Fund
Crisil Education Option Index
~
FY10-11
2.60
5.25
FY11-12
-2.52
-4.34
6.0% –
4.0% –
0% –
-4.0% –
-6.0% –
* L&TIPF is benchmarked to a custom benchmark created by assigning 70% weight
to BSE 200 Index and 30% to CRISIL Short Term Bond Fund Index
Compounded Annualised
Returns
L&T India Equity and Gold
Fund-Growth
Benchmark*
1 year
15.53% 14.14%
Since inception
8.02% 8.72%
Date of Allotment/Inception Date February 7, 2011
Absolute Returns
L&T India Equity and Gold Fund
Crisil Marriage Option Index
~
FY10-11 FY11-12
3.19
5.82
6.0% –
4.0% –
2.0% –
0% –
1.41
0.79
** L&TIEGF is benchmarked to a custom benchmark created by
assigning 70% to BSE 200 Index, 20% to Gold prices and 10%
to CRISIL Short Term Bond Fund Index
Expenses
Load Structure
For Ongoing Offer
Exit Load: For Purchases (including SIP): Load (% of Applicable NAV)
Within 1 year from the date of allotment or Purchase applying First in First Out basis. 1%
A switch-out or a withdrawal under SWP may also attract an Exit Load like any Redemption.
No Exit load/CDSC will be chargeable in case of switches made between different options of the Scheme.
No Exit load will be chargeable in case of (i) Units allotted on account of dividend reinvestments; and (ii) Units issued by way of bonus, if any.
No. of Folios (Live Accounts) as
at October 31, 2012
8,180 9,979
Assets under Management
(AUM) (Rs. in crores) as at
October 31, 2012
23.87 32.02
6
page 6
Name of Scheme
L&T Midcap Fund L&T Tax Saver Fund (L&TTSF)
Investment Objective To generate capital appreciation by investing primarily in midcap stocks. The
scheme will invest in companies whose market capitalization falls between
the highest and the lowest constituent of the CNX Midcap Index.
To provide long term capital appreciation by investing predominantly in equity and equity related
instruments and also enabling investor to get income tax rebate as per the prevailing Tax Laws
and subject to applicable conditions
Lock-in Period Not Applicable The scheme is open for continuous redemption subject to the completion of a lock-in period of 3
years from the date of allotment as prescribed in the ELSS guidelines. Currently, the tax bene?ts
are restricted to an investment amount of Rs. 1,00,000/-. However, any amount in excess of Rs.
1,00,000/- would also be subject to the lock-in period of 3 years.
However, in the event of the death of the assessee, the nominee or legal heir, as the case may
be, shall be able to withdraw the investment anytime after the completion of 1 year from the
date of allotment of units.
Asset Allocation Pattern
Types of Instruments Normal Allocation (%
of net assets)
Equity and Equity related instruments 80 to 100
Debt Securities, Securitised Debt, Money Market
instruments (including cash/call money)
0 to 20
Types of Instruments Normal Allocation (%
of net assets)
Equity and Equity related instruments 80 to 100
Debt* and Money Market instruments 0 to 20
*Investment in Securitised debt, if undertaken, will not exceed 20% of corpus of the scheme.
Investment Strategy Please refer to page 21 and 22 for details
Plans Not Available
Options
Options* Facility
Dividend Payout and Reinvestment**
Growth NIL
* If no option is speci?ed at the time of application, the default option is Growth Option.
** If no facility is speci?ed the default facility is dividend re-investment
Options* Facility
Dividend Payout and Reinvestment**
Growth NIL
* If no option is speci?ed at the time of application, the default option is Growth Option.
** If no facility is speci?ed the default facility is dividend payout
Minimum Application Size
(Lumpsum Investment per
Application)
Initial Investment Additional Investment
Rs.5,000 and in multiples of
Re. 1/- thereafter
Rs. 1,000 and thereafter in multiples
of Re. 1/-
Initial Investment Additional Investment
N.A. N.A.
Minimum Application Size
(Systematic Investment per
Application)
Min. Instalment
Amount
Min. No. of Instalments Min. Aggregate
Investment
Rs. 1,000 (a) Monthly: 6 (b) Quarterly: 6 Rs. 6,000
All the above three conditions to be jointly ful?lled
N.A.
Minimum Redemption Size Rs. 1,000 or 100 units. Rs. 500 per application or 50 units
In order to comply with requirements of ELSS 2005, further subscription/ switch - in into
L&T Tax Saver Fund is restricted with effect from November 23, 2012. Accordingly, L&T
Mutual Fund have stop crediting further instalments of existing Systematic Investment Plan/
Systematic Transfer Plan in the scheme with effect from November 23, 2012. Thus, the last
installment of SIP/STP will be effected in the scheme on November 15, 2012. Further, please
note that, with effect from November 23, 2012, dividends declared, if any, in respect of
units of Dividend Reinvestment Option of shall be paid out.
Benchmark Index CNX Midcap Index S&P CNX Nifty
Dividend Policy The Schemes does not guarantee or assure any monthly or quarterly or semi-annual dividend or any other dividend frequency. The dividend distributions in each
Dividend Options of the Schemes/ Plans will be dependent on the returns achieved through active management of the portfolio(s). Dividend distributions of the
Schemes may vary based on the investment results of the portfolio(s). Investors should note that pursuant to the payment of dividend, the NAV of the Dividend
Options of the Schemes will fall to the extent of payout and statutory levy, if any. Under dividend option, in case of net dividend entitlement is less than Rs. 250/-
the dividend amount will be reinvested in the Schemes automatically. There is no assurance or guarantee to unitholders as to the rate of dividend distribution nor
that dividends will be paid regularly.
Dividend Frequency and
Record Dates
Dividend Frequency Record Date Facilities available
At Trustee's
Discretion
Would be announced in
advance
Reinvestment and
Payout
Dividend Frequency Record Date Facilities available
At Trustee's
Discretion
Would be announced in
advance
Reinvestment and
Payout
Name of Fund Manager(s) Mr. Anant Deep Katare
Performance of Schemes
(as at September 30, 2012)
NAVs of Growth Option are used
for calculation of returns. Returns
have been calculated on the face
value of Rs. 10/- per unit.
Past Performance may or may not
be sustained in future.
Compounded
Annualised Returns
L&T Midcap Fund CNX Midcap
Index
1 year 13.45% 10.55%
3 years 6.61% 5.31%
5 years 3.99% 2.68%
Since Inception 18.43% 17.44%
Date of Allotment/Inception Date August 9, 2004
Absolute Returns
160
140
120
100
80
60
40
20
0
-20
-40
-60
-46.15
-5.34
-45.40
-4.09
5.13 4.35
FY10-11
140.94
126.12
FY09-10
FY08-09 FY11-12
17.52
28.67
FY07-08
L& T M idcap Fund C N X M idcap Index
Compounded
Annualised Returns
L&T Tax Saver Fund S&P CNX Nifty
1 year 9.41% 15.41%
3 years 1.52% 3.91%
5 years -0.46% 2.58%
Since Inception 6.00% 11.99%
Date of Allotment/Inception Date November 18, 2005
Absolute Returns
160
140
120
100
80
60
40
20
0
-20
-40
-60
-44.35
-12.66
-36.19
-9.23
7.57
11.14
FY10-11
105.04
73.76
FY09-10
FY08-09 FY11-12
4.43
23.89
FY07-08
L& T Tax Saver Fund S& P C N X N ifty
Expenses
Load Structure
For Ongoing Offer
Exit Load: 1.00% if redeemed <= 1 year, NIL if redeemed > 1 year Exit Load: NIL
No. of Folios (Live Accounts) as
at October 31, 2012
18,488 19,032
Assets under Management
(AUM) (Rs. in crores) as at
October 31, 2012
54.98 29.18
7
page 7
Name of Scheme
L&T Infrastructure Fund
Investment Objective The scheme seeks to generate capital appreciation by investing predominantly in equity and equity related instruments of companies in the infrastructure sector.
Asset Allocation Pattern
Types of Instruments Normal Allocation (% of net assets)
Equity and equity related instruments (including equity derivative instruments) 65 to 100
Debt and Money Market Instruments* 0 to 35
* Investment in Securitized debt, if undertaken, would not exceed 35% of the net assets of the scheme.
Investment Strategy Please refer to page 22 for details
Plans Not Available
Options
Options* Facility
Dividend Payout and Reinvestment**
Growth NIL
* If no option is speci?ed at the time of application, the default option is Growth Option.
** If no facility is speci?ed the default facility is dividend re-investment
Minimum Application Size
(Lumpsum Investment per
Application)
Initial Investment Additional Investment
Rs. 5,000 and in multiples of Re. 1/- thereafter Rs. 1,000 and thereafter in multiples of Re. 1/-
Minimum Application Size
(Systematic Investment per
Application)
Min. Instalment Amount Min. No. of Instalments Min. Aggregate Investment
Rs. 1,000 (a) Monthly: 6 (b) Quarterly: 6 Rs. 6,000
All the above three conditions to be jointly ful?lled
Minimum Redemption Size Rs. 1,000 or 100 units.
Benchmark Index S&P CNX Nifty
Dividend Policy The Schemes does not guarantee or assure any monthly or quarterly or semi-annual dividend or any other dividend frequency. The dividend distributions in each
Dividend Options of the Schemes/ Plans will be dependent on the returns achieved through active management of the portfolio(s). Dividend distributions of the
Schemes may vary based on the investment results of the portfolio(s). Investors should note that pursuant to the payment of dividend, the NAV of the Dividend
Options of the Schemes will fall to the extent of payout and statutory levy, if any. Under dividend option, in case of net dividend entitlement is less than Rs. 250/-
the dividend amount will be reinvested in the Schemes automatically. There is no assurance or guarantee to unitholders as to the rate of dividend distribution
nor that dividends will be paid regularly.
Dividend Frequency and
Record Dates
Dividend Frequency Record Date Facilities available
At Trustee's
Discretion
Would be announced in advance
Reinvestment and
Payout
Name of Fund Manager(s) Mr. S. N. Lahiri and Mr. Anant Deep Katare
Performance of Schemes
(as at September 30, 2012)
NAVs of Growth Option are used
for calculation of returns. Returns
have been calculated on the face
value of Rs. 10/- per unit.
Past Performance may or may not
be sustained in future.
Compounded Annualised Returns L&T Infrastructure Fund S&P CNX Nifty
1 year 7.58% 15.41%
3 years -5.86% 3.91%
5 years -8.53% 2.58%
Since Inception -8.53% 2.66%
Date of Allotment/Inception Date September 27, 2007
Absolute Returns
160
140
120
100
80
60
40
20
0
-20
-40
-60 -55.19
-14.00
-36.19
-9.23
-7.15
12.14
FY10-11
86.45
73.76
FY09-10
FY08-09 FY11-12
L& T Infrastructure Fund S& P C N X N ifty
Expenses
Load Structure
For Ongoing Offer
Exit Load: 1.00% if redeemed <= 1 year, NIL if redeemed > 1 year
No. of Folios (Live Accounts) as
at October 31, 2012
14,985
Assets under Management
(AUM) (Rs. in crores) as at
October 31, 2012
30.88
8
page 8
Name of Scheme
L&T Flexi Bond Fund (L&TFBF) L&T Cash Fund (L&TCF)
Investment Objective To generate reasonable returns through a diversi?ed portfolio of ?xed income securities. To deliver reasonable returns with lower volatility and higher liquidity through a portfolio
of debt and money market instruments.
Asset Allocation Pattern
Types of Instruments Normal Allocation
(% of net assets)
Risk Pro?le
Debt Instruments including securitized debt 0 to 100 Medium to Low
Money market instruments 0 to 100 Medium to Low
The Scheme may, subject to applicable regulations from time to time, invest in offshore securities up
to 25% of net assets of the Scheme.
The Scheme may, invest in derivatives upto 100% of the net assets of the Scheme for the purpose of
hedging and portfolio balancing purposes.
Types of Instruments Normal Allocation
(% of net assets)
Risk Pro?le
Maximum Minimum
Certi?cates of deposit issued by banks, bank ?xed
deposits treasury bills, CBLO, Repo/reverse repo
100 65 Medium to
Low
Commercial papers and other debt instruments
including securitised debt
35 0 Medium to
Low
In case of exposure to rated money market and debt instruments, the Fund Manager will invest in instruments that are rated AAA/A1+ or
equivalent to the extent of atleast 90% of investments in the rated instruments.
Due to market conditions, the AMC may invest beyond the range set out above. Such deviations shall normally be for a short term purpose
only, for defensive considerations and the intention being at all times to protect the interests of the Unit Holders. In the event of deviations,
rebalancing will normally be carried out within 10 Business Days.
The Scheme may, subject to applicable regulations from time to time, invest in offshore securities up to 25% of net assets of the Scheme.
The Scheme may invest in derivatives up to 100% of the net assets of the Scheme for the purpose of hedging and portfolio balancing purposes.
Investment Strategy Please refer to page 23 for details
Plans Institutional Plan Super Institutional Plan
Options Growth and Dividend. The Dividend Option offers Payout and Reinvestment facilities.
Minimum Application Size
(Lumpsum Investment per
Application)
Plan Initial Investment Additional Investment
Institutional Rs. 10,000 Rs. 1,000 and thereafter in multiples of
Re. 1
Plan Initial Investment Additional Investment (in multiples of Re. 1 thereafter).
Super Institutional Rs. 10,000 and in case of daily
dividend option Rs. 1,00,000
Rs. 1,000 and thereafter in multiples of Re. 1
Minimum Application Size
(Systematic Investment per
Application)
Min. Instalment Amount Min. No. of Instalments Min. Aggregate Investment
Rs. 1,000 (a) Monthly: 6 (b) Quarterly: 6
All instalments under a SIP application registered in
respect of the Retail Plan shall be processed and units will
be allotted under Institutional Plan
Rs. 6,000
Min. Instalment Amount Min. No. of Instalments Min. Aggregate Investment
Rs. 1,000 (a) Monthly: 6 (b) Quarterly: 6
All instalments under a SIP application registered in respect
of the Retail Plan and Institutional Plan shall be processed
and units will be allotted under Super Institutional Plan
Rs. 6,000
All the above three conditions to be jointly ful?lled
Minimum Redemption Size Plan Minimum Redemption Size
Institutional Plan Rs. 1,000 or 100 units
Plan Minimum Redemption Size
Super Institutional Plan Rs. 1,000 or 100 units
Benchmark Index CRISIL Composite Bond Fund Index CRISIL Liquid Fund Index
Dividend Policy The Trustee may decide to distribute, by way of dividend, the surplus by way of realised pro?t, dividends and interest, net of losses, expenses and taxes, if any, to Unit Holders in the Dividend Option of the Scheme if such surplus is available and adequate for
distribution in the opinion of the Trustee.
The dividend under the Dividend option of the Scheme will be declared monthly on the 25th of each calendar month. If that day is a non-Business Day, the dividend will be declared on the immediately next Business Day.
The Trustee's decision with regard to availability and adequacy, rate, timing and frequency of distribution shall be ?nal. The dividend will be due to only those Unit Holders whose names appear in the register of Unit Holders in the Dividend Option of the Scheme
on the record date.
The Unit Holders will have the option of receiving the dividend or reinvesting the same.
In case of Unit Holders opting for dividend re-investment facility, the dividend will be reinvested at the ex-dividend NAV. No Exit Load will be charged on account of redemption of Units allotted by way of dividend re-investments.
In case of investors opting for dividend payout facility, the AMC shall dispatch to the Unit Holders, the dividend warrants within 30 days of the date of declaration of dividend.
If the amount of dividend payable to the Unit Holder is less than Rs. 250, then the dividend amount will be compulsorily reinvested in the Scheme.
Further, the dividend proceeds may be paid by way of direct credit/NEFT/RTGS/any other manner through which the investor's bank account speci?ed in the Registrar's records is credited with the dividend proceeds.
Dividend Frequency and
Record Dates
Dividend Frequency Record Date Facilities available
Monthly 25th of every month Reinvestment and Payout
If 25th of a month happens to be a non-Business Day, the immediately next Business Day would
be the Record Date. Any dividend declared under Retail Plan will be compulsorily paid out.
Dividend Frequency Record Date Facilities available
Daily Every Day* Reinvestment only
Weekly Every Monday** Reinvestment only
Monthly 25th of each calendar month*** Reinvestment and Payout
(Applicable for Super Institutional, Institutional and Retail Plans under the Scheme.)
* All days for which NAV is published on www.am?india.com/www.lntmf.com websites
** If a particular Monday of a week happens to be a non-Business Day, the immediately next Business Day would be the Record Date.
*** If, 25th of a month happens to be a non-Business Day, the immediately next Business Day would be the Record Date.
Any dividend declared under Retail and Institutional Plan will be compulsarily paid out
Name of Fund Manager(s) Mr. Vikram Chopra and Mr. Shriram Ramnathan Mr. Mahesh A. Chhabria
Performance of Schemes
(as at September 30, 2012)
NAVs of Growth Option are used for
calculation of returns. Returns have
been calculated on the face value of
Rs. 10/- per unit.
Past Performance may or may not be
sustained in future.
Compounded
Annualised Returns
L&T Flexi Bond
Fund-Retail
CRISIL Composite
Bond Fund Index
L&T Flexi Bond
Fund-Institutional*
CRISIL Composite
Bond Fund Index
1 year 10.10% 9.53% 10.65% 9.53%
3 years 5.96% 6.84% NA NA
5 years 6.65% 6.83% NA NA
Since inception 6.57% 6.61% 17.46% 15.72%
Date of Allotment/
Inception Date
August 30, 2006 May 12, 2010
* There were no investors in L&TFBF-Institutional Plan-Growth option as on 31st August 2009
Absolute Returns
L&T Flexi Bond Fund (Retail) CRISIL Composite Bond Fund Index
L&T Flexi Bond Fund (Institutional)
12.0% –
9.0% –
6.0% –
3.0% –
0% –
8.90
8.57 8.25
7.68 8.68
8.03
FY 08-09** FY 07-08
** There were no investors in L&TFBF-Institutional Plan-Growth option as on March 31,
2009, March 31, 2010 and March 31 2011.
7.35
9.63
FY 09-10**
5.41
3.22
FY 10-11**
5.06
3.22
FY 11-12
Compounded
Annualised Returns
L&T Cash Fund-
Retail
L&T Cash Fund-
Institutional
L&T Cash
Fund-Super
Institutional
CRISIL Liquid
Fund Index
1 year 9.05% 9.49% 9.65% 8.67%
3 years 6.86% 7.28% 7.45% 6.81%
5 years 6.86% 7.29% 7.43% 6.95%
Since inception 6.97% 7.40% 7.54% 7.04%
Date of Allotment/Inception Date Nov. 27, 2006
Absolute Returns
L&T Cash Fund (Super Institutional) L&T Cash Fund (Institutional)
L&T Cash Fund (Retail) CRISIL Liquid Fund Index
10% –
8% –
6% –
4% –
2% –
0% –
FY 07-08 FY 08-09
8.55
8.81
8.45
8.02
8.10
7.54
7.97
7.55
FY 09-10
4.08 3.93
3.51
3.69
FY 10-11 FY 11-12
6.32
9.05
5.89
8.62
6.21
8.44
6.48
9.22
Expenses
Load Structure
For Ongoing Offer
Exit Load:
Load (% of Applicable NAV)
For Redemption
Within 3 months from the date of allotment or purchase applying First in First out basis
0.50%
No Exit loads will be chargeable in case of; (i) Units allotted on account of dividend reinvestments; and (ii) Units issued
by way of bonus, if any.
No Exit Loads/CDSC will be chargeable in case of switches made between different plans/options of the Scheme.
In case of units switched out/systematically transferred to another option/Plan within the same Plan/Scheme and if
subsequently redeemed, for the purpose of determining the Exit Load, the date when such units were ?rst allotted in
the respective Plan/Scheme will be considered as the purchase/allotment date.
A switch-out or a withdrawal under SWP or a transfer under STP (except a switch-out or a transfer under STP into any
of the Equity Schemes or fund of funds schemes) may also attract an Exit Load/CDSC like any Redemption.
Exit Load: Nil
If the AMC introduce an Exit Load, a switch-out or a withdrawal under SWP or transfer under STP may
also attract the applicable Exit Load like any redemption.
In case of units switched out/systematically transferred to another option/Plan within the same Plan/
Scheme and if subsequently redeemed, for the purpose of determining the Exit Load, the date when such
units were ?rst allotted in the respective Plan/Scheme will be considered as the purchase/allotment date.
No. of Folios (Live Accounts) as
at October 31, 2012
1,248 3,110
Assets under Management (AUM)
(Rs. in crores) as at October 31, 2012
78.74 323.58
9
page 9
L&T Low Duration Fund (L&TLDF)
Investment Objective To generate reasonable returns and liquidity primarily through investment in money market and short term debt instruments.
Asset Allocation Pattern Types of Instruments Normal Allocation
(% of net assets)
Risk Pro?le
Money Market and Debt instruments with average maturity of not greater than 1 year.
(Debt instruments may include securitized debt)*
65-100 Low
Debt Instruments with average maturity more than 1 year. (Debt instruments may
include securitized debt)*
0-35 Medium to Low
* The Scheme may invest in securitized debt up to 100% of its net assets.
The Scheme may, subject to applicable regulations from time to time, invest in offshore securities up to 25% of net assets of the Scheme. The
Scheme may invest in derivatives up to 100% of the net assets of the Scheme for ef? cient portfolio management including hedging and portfolio
balancing to the extent permitted under and in accordance with the applicable Regulations.
Investment Strategy Please refer to page 23 for details
Plans Super Institutional Plan
Options Growth option and Dividend option. The Dividend option offers Dividend Payout and Dividend Reinvestment facilities.
Minimum Application Size
(Lumpsum Investment per
Application)
Plan Initial Investment Additional Investment (in multiples of Re. 1 thereafter)
Super Institutional Rs. 10,000 and in case of Daily
Dividend Option Rs 1,00,000.
Rs. 1,000 and thereafter in multiples of Re. 1
Minimum Application Size
(Systematic Investment per
Application)
Plan Min. Instalment Amount Min. No. of Instalments Min. Aggregate Investment
Super Institutional Rs. 1,000 (a) Monthly: 6 (b) Quarterly: 6 Rs. 6,000
All instalments under a SIP application registered in respect of the Retail Plan and Institutional Plan shall be processed and units will be allotted under Super Institutional Plan
All the above three conditions to be jointly ful?lled
Minimum Redemption Size Plan Minimum Redemption Size
Super Institutional Plan Rs. 1,000 or 100 units
Benchmark Index CRISIL Liquid Fund Index
Dividend Policy The Trustee may decide to distribute by way of dividend, the surplus by way of realised pro?t, dividends and interest, net of losses, expenses and taxes, if any,
to Unit Holders in the dividend option of the Scheme/Plan if such surplus is available and adequate for distribution in the opinion of the Trustee.The Trustee's
decision with regard to availability and adequacy and rate of distribution shall be ?nal. The dividend will be due to only those Unit Holders whose names appear
in the register of Unit Holders in the Dividend option of the Scheme on the day(s) mentioned under the head "Dividend Frequency and Record Dates" below or
the next Business Day, as applicable.
Under the monthly dividend declaration frequency, the Unit Holders have the option of receiving the dividend or reinvesting the same while under the daily and
weekly divdend declaration frequencies, the dividend will be compulsorily reinvested. The dividend will be reinvested at the ex-dividend NAV.
Under the dividend payout facility, if the amount of dividend payable to the Unit Holder is less than Rs. 250, then the dividend amount will be compulsorily
reinvested in the Scheme/Plan
In respect of Unit holders opting for monthly dividend payout facility, the AMC shall despatch, dividend warrants within 30 days of the date of declaration of dividend.
Dividend Frequency and
Record Dates
Dividend Frequency Record Date Facilities available
Daily Every Day* Reinvestment only
Weekly Every Monday** Reinvestment and Payout †
Monthly 25th of each calendar month*** Reinvestment and Payout
* All days for which NAV is published on www.am?india.com/www.lntmf.com websites
** If a particular Monday of a week happens to be a non-Business Day, the immediately next Business Day would be the Record Date.
*** If 25th of a month happens to be a non-Business Day, the immediately next Business Day would be the Record Date.
Any dividend declared under Retail and Institutional Plan will be compulsarily paid out
Name of Fund Manager(s) Mr. Shriram Ramanathan
Performance of Schemes
(as at September 30, 2012)
NAVs of Growth Option are used
for calculation of returns. Returns
have been calculated on the face
value of Rs. 10/- per unit.
Past Performance may or may not
be sustained in future.
* Point to Point (PTP) Returns in
INR show the value of Rs.10,000/-
invested
Compounded Annualised
Returns
L&T Low Duration
Fund-Retail
L&T Low Duration Fund-
Institutional*
L&T Low Duration Fund-
Super Institutional
CRISIL Liquid
Fund Index (IP)
CRISIL Liquid Fund
Index (RP & SIP)
1 year
9.04% 9.47% N.A. 8.67% 8.67%
3 years
7.14% 7.58% N.A. 6.81% 6.81%
5 years
7.19% 6.93% N.A. 6.95% 6.95%
Since inception
7.20% 7.58% N.A. 6.99% 6.94%
Date of Allotment/Inception Date: Retail-September 20, 2007, Institutional-February 18, 2008
* The ?rst investment in Institutional plan was done on Feb. 18, 2008 and therefore this date is deemed to be allotment date for Institutional plan.
Absolute Returns
8.44
8.88
8.44
FY 08-09
8.27
8.83
8.70
8.81 9.0% –
8.0% –
6.0% –
4.0% –
2.0% –
0% –
L&T Low Duration Fund (Retail)
L&T Low Duration Fund (Institutional) CRISIL Liquid Fund Index
L&T Low Duration Fund (Super Institutional)
There were no investors in Super Institutional plan from September 30, 2011
~ from inception (Sep. 20, 2007) to March 31, 2008. [For Institutional Plan the period is from
February 18, 2008 (allotment date) to March 31, 2008]
FY 07-08~
4.01
3.58
4.28
0.91 0.94
FY 09-10
4.42
5.00
4.84
3.69
FY 10-11
6.23
6.81
6.65
6.21
FY 11-12
Expenses
Load Structure
For Ongoing Offer
Exit Load:
For Redemption Load (% of Applicable NAV)
Within 3 months from the date of allotment or Purchase applying First in First Out basis. 0.50%
A switch-out or a withdrawal under SWP or a transfer under STP (except a switch-out or a transfer under STP into any of the Equity Schemes or
fund of funds schemes or FFBF or FSTIF) may also attract an Exit Load/CDSC like any Redemption.
No Exit Loads/CDSC will be chargeable in case of switches made between different plans/options of the Scheme
No Exit loads will be chargeable in case of; (i) Units allotted on account of dividend reinvestments; and (ii) Units issued by way of bonus, if any.
In case of units switched out/systematically transferred to another option/Plan within the same Plan/Scheme and if subsequently redeemed, for
the purpose of determining the Exit Load, the date when such units were ?rst allotted in the respective Plan/Scheme will be considered as the
purchase/allotment date.
No. of Folios (Live Accounts) as
at October 31, 2012
2,085
Assets under Management
(AUM) (Rs. in crores) as at
October 31, 2012
133.21
10
page 10
L&T Global Real Assets Fund (L&TGRAF) L&T Short Term Income Fund (L&TSTIF)
Investment Objective To aim to achieve long-term capital growth from a portfolio which will be primarily invested in
Fidelity Funds - Global Real Asset Securities Fund, an offshore fund launched by Fidelity Funds
(an open-ended investment company incorporated in Luxembourg) and similar to an Indian
mutual fund scheme.
To generate reasonable returns primarily through investments in ?xed income securities and money
market instruments. There is no assurance that the objective of the Scheme will be realised and
the Scheme does not assure or guarantee any returns.
Asset Allocation Pattern The Scheme shall invest in L&T Funds-Global Real Asset Securities Fund, an offshore fund launched by
L&T Funds (an open-ended investment company incorporated in Luxembourg) and similar to an Indian
mutual fund scheme. The investment objective of the Underlying Scheme is to achieve long-term
capital growth from a portfolio primarily invested in equity securities of companies across the world
that provide exposure to commodities, property, industrials, utilities, energy, materials and infrastructure.
Up to 20% of the portfolio can consist of investments in Exchange Traded Funds, Exchange Traded
Commodities qualifying as transferable securities, bonds, warrants and convertibles.
Types of Instruments Normal Allocation (% of
net assets)
Risk Pro?le
Maximum Minimum
Shares/units of the Underlying Scheme*/Foreign Securities 100 80 High
Money Market Instruments and/or liquid/cash schemes of
mutual funds registered with SEBI
20 0 Low to
Medium
* The Underlying Scheme may have equity exposure through investments in shares, depositary receipts, investment trusts, stapled
securities, warrants and other participation rights. Subject to the foregoing, the Underlying Scheme may have equity exposure, to
a limited extent, through investment in convertible securities, index and participation notes and equity linked notes. The Underlying
Scheme may also invest in Exchange Traded Funds subject to the maximum limit speci?ed under the Regulations from time to time.
The Scheme shall invest at least 65% of its net assets in shares/units of the Underlying Scheme.
Types of Instruments Normal Allocation
(% of net assets)
Risk Pro?le
Maximum Minimum
Debt Instruments and money market instruments
with average maturity less than or equal to two years*
100 65 Low to Medium
Debt Instruments and money market instruments
with average maturity of more than two years*
35 0 Low to Medium
* The Scheme may invest in securitized debt upto 50% of its net assets.
The Scheme may, subject to applicable regulations from time to time, invest in foreign securities
up to 25% of net assets of the Scheme. The Scheme may invest in derivatives up to 100% of
the net assets of the Scheme for the purpose of hedging and portfolio balancing purposes. The
cumulative gross exposure through equity, debt and derivative positions will not exceed 100%
of the net assets of the Scheme. The modi?ed duration of the portfolio of the Scheme is likely
to be up to 3 years, while the maximum residual maturity of the portfolio will be up to 5 years.
Investment Strategy Please refer to page 23 for details
Plans Not Available
Options Growth Option and Dividend Option. The Dividend Option offers dividend payout and dividend reinvestment facilities.
Minimum Application Size
(Lumpsum Investment per
Application)
Initial Investment Additional Investment (in multiples of
Re. 1 thereafter).
Rs. 5,000 Rs. 1,000
Initial Investment Additional Investment
Rs. 5,000 Rs. 1,000 and thereafter in multiples
of Re. 1
Minimum Application Size
(Systematic Investment per
Application)
Min. Instalment Amount Min. No. of Instalments Min. Aggregate Investment
Rs. 1,000 (a) Monthly: 6 (b) Quarterly: 6 Rs. 6,000
All the above three conditions to be jointly ful?lled
Minimum Redemption Size Rs. 1,000 or 100 units in respect of each plan. In case of Units held in dematerialised mode, the Unit Holder
can give a request for Redemption only in number of Units and the provisions pertaining to minimum balance
amount/number of Units will not be applicable.
Rs. 1,000 or 100 units in respect of each plan.
Benchmark Index A custom benchmark which is a blend of the following indices-MSCI ACWI Industrials, MSCI ACWI Real Estate,
MSCI ACWI Utilities, MSCI Materials and MSCI Energy. The weights assigned to each individual index while
calculating the custom benchmark are 20%, 20%, 10%, 20% and 30% respectively.
CRISIL Short Term Bond Fund Index
Dividend Policy The Trustee may decide to distribute by way of dividend, the surplus by way of realised pro?t, dividends and interest, net of losses, expenses and taxes, if any, to Unit Holders in the dividend option of the Scheme if such
surplus is available and adequate for distribution in the opinion of the Trustee. The Trustee's decision with regard to availability and adequacy, rate, timing and frequency of distribution shall be ?nal. The dividend will be due
to only those Unit Holders whose names appear in the register of Unit Holders in the Dividend option of the Scheme on the record date which will be ?xed by the Trustees and announced in advance.
Further, the NAV shall be adjusted to the extent of dividend distribution and statutory levy, if any, at the close of business hours on record date. Within one day of the decision by the Trustees regarding dividend distribution
rate and record date, AMC shall issue notice to the public communicating the decision including the record date. The record date shall be 5 calendar days from the issue of notice. Such notice shall be given in one English
daily newspaper having nationwide circulation as well as in a newspaper published in the language of the region where the head of?ce of the mutual fund is situated.
The Unit Holders will have the option of receiving the dividend or reinvesting the same. In case of investors opting for dividend payout facility, the AMC shall dispatch to the Unit Holders, the dividend warrants within 30
days of the date of declaration of dividend.
The dividend will be reinvested at the ex-dividend NAV. Under the dividend payout facility, if the amount of dividend payable to the Unit Holder is less than Rs. 250, then the dividend amount will be compulsorily reinvested
in the Scheme.
Dividend Frequency and
Record Dates
Dividend Frequency Record Date Facilities available
At Trustee's Discretion Would be announced in advance Reinvestment and Payout
Dividend Frequency Record Date Facilities available
Monthly 25th of every month Reinvestment and Payout
Name of Fund Manager(s) Rajesh Pherwani Mr. Vikram Chopra and Mr. Shriram Ramnathan
Performance of Schemes
(as at September 30, 2012)
NAVs of Growth Option are used
for calculation of returns. Returns
have been calculated on the face
value of Rs. 10/- per unit.
Past Performance may or may not
be sustained in future.
Compounded
Annualised Returns
L&T Global Real Assets
Fund
Benchmark
1 year 29.15% 25.14%
Since Inception 15.77% 13.23%
Date of Allotment/Inception Date February 11, 2010
Absolute Returns
22.10
19.89
FY 10-11
L&T Global Real Assets Fund Benchmark
*from inception (February 11, 2010) to March 31, 2010
24% –
20% –
16% –
12% –
8% –
4% –
0% –
15.17
10.25
FY 09-10*
4.17
6.08
FY 11-12
Compounded
Annualised Returns
L&T Short Term Income
Fund
CRISIL Short Term Bond
Fund Index
1 year 9.42% 9.21%
Since inception 9.14% 8.40%
Date of Allotment/Inception Date December 4, 2010
Absolute Returns
10% –
8% –
6% –
4% –
2% –
0% –
2.62
8.69
2.03
8.28
FY 10-11* FY 11-12
L&T Short Term Income Fund Benchmark
*from inception (December 4, 2010) to March 31, 2011
Expenses
Load Structure
For Ongoing Offer
Exit Load:
For Redemption: Load (% of Applicable NAV)
Within 1 year from the date of allotment or purchase applying First in First
Out basis
1.00%
A switch-out or a withdrawal under SWP or transfer under STP may also attract an Exit Load like any Redemption.
No Exit Loads/CDSC will be chargeable in case of switches made between different options of the Scheme.
No Exit Load will be chargeable in case of redemption of; (i) units allotted on account of dividend reinvestments; and
(ii) units issued by way of bonus, if any. In case of units switched out/systematically transferred to another option within
the Scheme and if subsequently redeemed, for the purpose of determining the Exit Load, the date when such units
were ?rst allotted in the Scheme will be considered as the purchase/allotment date.
Exit Load:
Load (% of Applicable NAV)
For Redemption
Within 6 months from the date of allotment or purchase applying First in First Out basis 0.50%
A switch-out or a withdrawal under SWP or a transfer under STP (except a switch-out or a transfer under STP into any of the Equity
Schemes or fund of funds schemes or FFBF ) may also attract an Exit Load/CDSC like any Redemption.
No Exit Load/CDSC will be chargeable in case of switches made between different options of the Scheme.
No Exit Load will be chargeable in case of redemption of; (i) Units allotted on account of dividend re-investments; and (ii) Units
issued by way of bonus, if any.
In case of units switched out/systematically transferred to another option within the Scheme and if subsequently redeemed, for
the purpose of determining the Exit Load, the date when such units were ?rst allotted in the Scheme will be considered as the
purchase/allotment date.
No. of Folios (Live Accounts) as
at October 31, 2012
4,002 1,957
Assets under Management
(AUM) (Rs. in crores) as at
October 31, 2012
62.54 324.33
11
page 11
Name of Scheme
L&T Triple Ace Bond Fund L&T Gilt Fund
Investment Objective To generate regular and stable income for the unitholders of the Scheme. The corpus
of the scheme would be invested primarily in debt market securities such as non-
convertible debentures, bonds issued by corporates, bank and government, commercial
paper, certi?cate of deposits and other money market instruments. The scheme would
invest predominantly in securities rated by the Credit Rating and Information Services
of India Limited (CRISIL), or any other rating agency.
The investment objective of the Scheme will be to generate returns from a portfolio
from investments in Government Securities.
Asset Allocation Pattern Types of Instruments Normal Allocation (%
of net assets)
Debt & Government Securities (including cash/call money) 80 to 100
Money Market instruments (including cash/call money) 0 to 20
Types of Instruments Normal Allocation (%
of net assets)
Government Securities (including Treasury bills) 80 to 100
Money Market Instruments (including CBLO/reverse repo) 0 to 20
Investment Strategy Please refer to page 24 and 25 for details
Plans Not Available
Options
Options Facility
Quarterly Dividend, Semi-annual Dividend,
Bonus and Growth*
Payout and Reinvestment**
*If no option is speci?ed at the time of application, the default option is Growth Option.
**If no facility is speci?ed the default facility is dividend re-investment
Options* Facility
Dividend Quarterly (Payout and Reinvestment) **
Growth* NIL
*If no option is speci?ed at the time of application, the default option is Growht Option.
**If no facility is speci?ed the default facility is dividend re-investment
The unitholders can also avail Systematic Appreciation Withdrawal Facility (SAWF) under
the Growht option.
Minimum Application Size
(Lumpsum Investment per
Application)
Initial Investment Additional Investment
Rs.10,000 and in multiples of
Re. 1/- thereafter
Rs. 1,000 and thereafter in multiples
of Re. 1/-
Initial Investment Additional Investment
Rs.10,000 and in multiples of
Re. 1/- thereafter
Rs. 1,000 and thereafter in multiples
of Re. 1/-
Minimum Application Size
(Systematic Investment per
Application)
Min. Instalment Amount Min. No. of Instalments Min. Aggregate Investment
Rs. 1,000 (a) Monthly: 6 (b) Quarterly: 6 Rs. 6,000
All the above three conditions to be jointly ful?lled
Minimum Redemption Size Rs. 1000 or 100 units.
Benchmark Index CRISIL Composite Bond Fund Index I-Sec Composite Index
Dividend Policy The Schemes does not guarantee or assure any monthly or quarterly or semi-annual dividend or any other dividend frequency. The dividend distributions in each Dividend
Options of the Schemes/ Plans will be dependent on the returns achieved through active management of the portfolio(s). Dividend distributions of the Schemes may vary
based on the investment results of the portfolio(s). Investors should note that pursuant to the payment of dividend, the NAV of the Dividend Options of the Schemes
will fall to the extent of payout and statutory levy, if any. Under dividend option, in case of net dividend entitlement is less than Rs. 250/- the dividend amount will be
reinvested in the Schemes automatically. There is no assurance or guarantee to unitholders as to the rate of dividend distribution nor that dividends will be paid regularly.
Dividend Frequency and
Record Dates
Dividend Frequency Record Date Facilities available
Quarterly
25th of last month of
respective quarter
Reinvestment and
Payout
Semi-annual: At Trustee’s
Discretion
Would be announced in
advance
Dividend Frequency Record Date Facilities available
At Trustee's
Discretion
Would be announced in
advance
Reinvestment and
Payout
Name of Fund Manager(s) Ms. Shobheta Manglik Ms. Shobheta Manglik
Performance of Schemes
(as at September 30, 2012)
NAVs of Growth Option are used
for calculation of returns. Returns
have been calculated on the face
value of Rs. 10/- per unit.
Past Performance may or may not
be sustained in future.
Compounded
Annualised Returns
L&T Triple Ace
Bond Fund
CRISIL Composite
Bond Fund Index
1 year 9.61% 9.52%
3 years 7.00% 6.84%
5 years 4.32% 6.83%
Since Inception 7.32% 6.21%
Date of Allotment/Inception Date March 31, 1997
Absolute Returns
14% –
12% –
10% –
8% –
6% –
4% –
2% –
0% –
-2% –
-4% –
6.87
7.68
FY11-12
4.42
5.06
FY10-11
8.08
5.41
FY09-10
-1.04
7.35
FY08-09
-2.56
8.25
FY07-08
L& T Triple A ce Bond Fund C RISIL C om posite Bond Fund Index
Compounded
Annualised Returns
L&T Gilt Fund I-Sec Composite
Index*
1 year 11.48% 10.07%
3 years 7.01% 7.32%
5 years 5.98% 8.15%
Since Inception 7.86% 7.54%
Date of Allotment/Inception Date March 29, 2000
*Benchmark Data available from March 31, 2002
Absolute Returns
18% –
16% –
14% –
12% –
10% –
8% –
6% –
4% –
2% –
0% –
4.49
6.79
FY11-12
5.29
6.41
FY10-11
6.55
4.42
FY09-10
0.50
12.83
FY08-09
7.47
9.19
FY07-08
L& T G ilt Fund I-Sec C om posite Index
Expenses
Load Structure
For Ongoing Offer
Exit Load: 1.50% if redeemed/ switched-out <= 12 months from the date of
allotment, 1.00% if redeemed/switched-out > 12 months and <= 18 months from
the date of allotment, Nil if redeemed after 18 months from the date of allotment
Exit Load: 0.25% if redeemed <= 1 year, NIL if redeemed > 1 year
No. of Folios (Live Accounts) as
at October 31, 2012
3,120 215
Assets under Management
(AUM) (Rs. in crores) as at
October 31, 2012
89.67 55.43
12
page 12
Name of Scheme
L&T Monthly Income Plan
(Monthly Income is not assured and is subject to the availability of
distributable surplus)
L&T MIP - Wealth Builder Fund
(Monthly Income is not assured and is subject to the availability of
distributable surplus)
Investment Objective The primary investment objective is to generate monthly income through investments
in a range of Debt, Equity and Money Market Instruments. Income will be distributed
only if the same is earned by the scheme and there can be no assurance that the
objective of the scheme will be realized.
The primary investment objective is to generate monthly income through investments
in a range of Debt, Equity and Money Market Instruments. Income willbe distributed
only if the same is earned by the Scheme and there can be no assurance that the
objective of the Scheme will be realized.
Asset Allocation Pattern Types of Instruments Normal Allocation (%
of net assets)
Debt, Money Markets & Government Securities (including
cash/call money)
80 to 100
Equity & Equity related instruments 0 to 20
Securitised Debt 0 to 40
Types of Instruments Normal Allocation (%
of net assets)
Debt, Money Market Instruments & Government Securities
(including CBLO/reverse repos)
70 to 90
Equity & Equity Related Instruments 10 to 30
The Scheme may invest upto 50% of its net assets in Securitized debt.
The Scheme shall have derivatives exposure as per the SEBI/ RBI Guidelines issued from time to time.
Further, the Scheme may undertake Interest rate derivatives transactions for the purpose of hedging
and portfolio rebalancing (within the permissible limits speci?ed by RBI/ SEBI from time to time). The
stock lending, if undertaken, would not exceed 15% of the net assets of the Scheme.
Pending deployment of the funds in securities in terms of investment objective of the Scheme, the AMC
may park the funds of the Scheme in short term deposits of the Scheduled Commercial Banks, subject to
the guidelines issued by SEBI vide its circular dated April 16, 2007, as may be amended from time to time.
Investment Strategy Please refer to page 24 and 25 for details
Plans Not Available
Options
Options* Facility
Monthly/Quarterly dividend, Bonus***
and Growth*
Payout and Reinvestment**
*If no option is speci?ed at the time of application, the default option is Growth Option.
**If no facility is speci?ed the default facility is dividend re-investment
***Declared as and when decided by the trustees.
Options* Facility
Monthly Dividend Payout and Re-investment**
Quarterly Dividend Payout and Re-investment**
Growth NIL
* If no option is speci?ed at the time of application, the default option is Growth Option.
** If no facility is speci?ed the default facility is dividend reinvestment.
The Trustees can also at its discretion declare bonus units under any Option of the Scheme.
Minimum Application Size
(Lumpsum Investment per
Application)
Initial Investment Additional Investment
Rs.10,000 and in multiples of
Re. 1/- thereafter
Rs. 1,000 and thereafter in multiples
of Re. 1/-
Initial Investment Additional Investment
Rs.10,000 and in multiples of
Re. 1/- thereafter
Rs. 1,000 and thereafter in multiples
of Re. 1/-
Minimum Application Size
(Systematic Investment per
Application)
Min. Instalment Amount Min. No. of Instalments Min. Aggregate Investment
Rs. 1,000 (a) Monthly: 6 (b) Quarterly: 6 Rs. 6,000
All the above three conditions to be jointly ful?lled
Minimum Redemption Size Rs. 1000 or 100 units.
Benchmark Index CRISIL MIP Blended Fund Index CRISIL MIP Blended Fund Index
Dividend Policy The Schemes does not guarantee or assure any monthly or quarterly or semi-annual dividend or any other dividend frequency. The dividend distributions in each
Dividend Options of the Schemes/ Plans will be dependent on the returns achieved through active management of the portfolio(s). Dividend distributions of the
Schemes may vary based on the investment results of the portfolio(s). Investors should note that pursuant to the payment of dividend, the NAV of the Dividend
Options of the Schemes will fall to the extent of payout and statutory levy, if any. Under dividend option, in case of net dividend entitlement is less than Rs. 250/-
the dividend amount will be reinvested in the Schemes automatically. There is no assurance or guarantee to unitholders as to the rate of dividend distribution nor
that dividends will be paid regularly.
Dividend Frequency and
Record Dates
Dividend Frequency Record Date Facilities available
Monthly 25th of the month
Reinvestment and
Payout
Quarterly
25th of last month of
respective quarter
Dividend Frequency Record Date Facilities available
Monthly 25th of the month
Reinvestment and
Payout
Quarterly
25th of last month of
respective quarter
Name of Fund Manager(s) Mr. Vikram Chopra (Debt portion)/Mr. Venugopal Manghat (Equity portion)
Performance of Schemes
(as at September 30, 2012)
NAVs of Growth Option are used
for calculation of returns. Returns
have been calculated on the face
value of Rs. 10/- per unit.
Past Performance may or may not
be sustained in future.
Compounded
Annualised Returns
L&T Monthly
Income Plan
CRISIL MIP Blended
Fund Index
1 year 9.25% 10.61%
3 years 5.94% 6.62%
5 years 9.86% 6.77%
Since Inception 8.90% 7.86%
Date of Allotment/Inception Date July 31, 2003
Absolute Returns
45% –
40% –
35% –
30% –
25% –
20% –
15% –
10% –
5% –
0% –
-5% –
-10% –
5.36 5.24
FY11-12
4.92
6.17
FY10-11
12.63
14.25
FY09-10
-1.51
0.50
FY08-09
11.18
27.67
FY07-08
L& T M onthly Incom e Plan C RISIL M IP Blended Fund Index
Compounded
Annualised Returns
L&T MIP - Wealth
Builder Fund
CRISIL MIP Blended
Fund Index
1 year – –
Since Inception 7.64% 10.20%
Date of Allotment/Inception Date October 18, 2011
Absolute Returns
18% –
16% –
14% –
12% –
10% –
8% –
6% –
4% –
2% –
0% –
6.87
7.68
FY11-12
L& T M IP - W ealth Builder Fund C RISIL M IP Blended Fund Index
Expenses
Load Structure
For Ongoing Offer
Exit Load: 1.00% if redeemed <= 1 year, NIL if redeemed > 1 year Exit Load: 1.00% if redeemed <= 1 year, NIL if redeemed > 1 year
No. of Folios (Live Accounts) as
at October 31, 2012
4,236 4,717
Assets under Management
(AUM) (Rs. in crores) as at
October 31, 2012
59.15 84.96
13
page 13
L&T Liquid Fund
Investment Objective The investment objective will be to generate reasonable returns while maintaining safety and providing the investor superior liquidity. To achieve this objective,
investments will be predominantly made in a well-diversi?ed and highly liquid portfolio of money market instruments, government securities and corporate debt
Asset Allocation Pattern
Types of Instruments Normal Allocation (% of net assets)
Debt Securities 0 to 100
Securitised Debt 0 to 100
Money Market instruments (including cash/call money) 20 to 100
Pursuant to SEBI Circular no. SEBI/IMD/CIR No. 13/ 150975/ 09 dated January 19, 2009, the Scheme shall not invest in/ purchase debt and money market securities
having maturity more than 91 days.
Investment Strategy Please refer to page 25 for details
Plans Not Available
Options
Options Facility
Weekly Dividend, Daily Dividend Re-investment Plan (DDRIP) and Growth* Payout and Reinvestment**
*If no option is speci?ed at the time of application, the default option is Growth Option.
**If no facility is speci?ed the default facility is dividend Reinvestment
Minimum Application Size
(Lumpsum Investment per
Application)
Initial Investment Additional Investment
Daily Dividend Reinvestment Plan: A minimum of Rs. 1,00,000/- per
application and in multiples of Re. 1/- thereafter
Weekly Dividend and Growth: A minimum of Rs. 10,000/- per
application and in multiples of Re. 1/- thereafter
All Options: A minimum of Rs. 1000/- per application and in multiples
of Re. 1/- thereafter
Minimum Application Size
(Systematic Investment per
Application)
Min. Instalment Amount Min. No. of Instalments Min. Aggregate Investment
Rs. 1,000 (a) Monthly: 6 (b) Quarterly: 6 Rs. 6,000
All the above three conditions to be jointly ful?lled
Minimum Redemption Size Regular Plan #: Rs. 1000/- per application or 100 units
Institutional Plus Plan #/ Weekly Dividend##/ Growth##/ DDRIP##: Rs.1,00,000 per application or 10,000 Units
# Please note that, pursuant to SEBI circular dated September 13, 2012; effective October 1, 2012; no fresh applications for investments are being accepted in
the said plans. However investors are requested to note that, valid repurchase/ redemption requests will be accepted in respect of the said plans.
## Please note that, pursuant to SEBI circular dated September 13, 2012; effective October 1, 2012; fresh applications for investments in respect of the said
plans/ options only are accepted.
Benchmark Index CRISIL Liquid Fund Index
Dividend Policy The Schemes does not guarantee or assure any monthly or quarterly or semi-annual dividend or any other dividend frequency. The dividend distributions in each
Dividend Options of the Schemes/ Plans will be dependent on the returns achieved through active management of the portfolio(s). Dividend distributions of the
Schemes may vary based on the investment results of the portfolio(s). Investors should note that pursuant to the payment of dividend, the NAV of the Dividend
Options of the Schemes will fall to the extent of payout and statutory levy, if any. Under dividend option, in case of net dividend entitlement is less than Rs. 250/-
the dividend amount will be reinvested in the Schemes automatically. There is no assurance or guarantee to unitholders as to the rate of dividend distribution nor
that dividends will be paid regularly.
Dividend Frequency and
Record Dates
Dividend Frequency Record Date Facilities available
Weekly Monday of the week Reinvestment and Payout
Name of Fund Manager(s) Mr. Shriram Ramanathan and Mr. Mahesh Chhabria
Performance of Schemes
(as at September 30, 2012)
NAVs of Growth Option are used
for calculation of returns. Returns
have been calculated on the face
value of Rs. 10/- per unit.
Past Performance may or may not
be sustained in future.
Compounded
Annualised
Returns
L&T Liquid Fund
- Regular Plan -
Growth Option
CRISIL Liquid
Fund Index
1 year 8.55% 8.67%
3 years 6.92% 6.81%
5 years 7.04% 6.95%
Since Inception 6.81% 7.02%
Date of Allotment/Inception Date October 4, 2000
Absolute Returns
16% –
14% –
12% –
10% –
8% –
6% –
4% –
2% –
0% –
8.60 8.44
FY11-12
6.05
6.21
FY10-11
4.18
3.69
FY09-10
8.40
8.81
FY08-09
7.82
7.54
FY07-08
L& T Liquid Fund - Regular Plan C RISIL Liquid Fund Index
Compounded
Annualised
Returns
L&T Liquid Fund -
Institutional Plus Plan
- Growth Option
CRISIL Liquid
Fund Index
1 year 9.59% 8.67%
3 years 7.40% 6.81%
5 years 7.40% 6.95%
Since Inception 6.70% 7.02%
Date of Allotment/Inception Date April 10, 2003
Absolute Returns
16% –
14% –
12% –
10% –
8% –
6% –
4% –
2% –
0% –
9.31
8.44
FY11-12
6.22
6.21
FY10-11
4.34
3.69
FY09-10
8.55
8.81
FY08-09
8.07
7.54
FY07-08
L& T Liquid Fund - InstitutionalPlus Plan C RISIL Liquid Fund Index
Compounded
Annualised
Returns
L&T Liquid Fund -
Super Institutional
Plan - Growth Option
CRISIL Liquid
Fund Index
1 year 9.81% 8.67%
3 years 7.54% 6.81%
5 years 7.50% 6.95%
Since Inception 7.50% 7.02%
Date of Allotment/Inception Date October 3, 2006
Absolute Returns
8.09
7.54
FY07-08
16% –
14% –
12% –
10% –
8% –
6% –
4% –
2% –
0% –
9.43
8.44
FY11-12
6.33
6.21
FY10-11
4.43
3.69
FY09-10
8.60
8.81
FY08-09
L& T Liquid Fund - Super InstitutionalPlan C RISIL Liquid Fund Index
Expenses
Load Structure
For Ongoing Offer
Exit Load: NIL
No. of Folios (Live Accounts) as
at October 31, 2012
1,865
Assets under Management
(AUM) (Rs. in crores) as at
October 31, 2012
2,479.38
14
page 14
L&T Ultra Short Term Fund
Investment Objective The investment objective is to generate reasonable and stable income and provide liquidity to the unit holder. To achieve this objective the scheme will invest
predominantly in a well diversi?ed and highly liquid portfolio of money market instruments, government securities and corporate debt. The scheme will not invest
in equities or equity related instruments
Asset Allocation Pattern Types of Instruments Normal Allocation (% of net assets)
Debt Securities 0 to 100
Money Market instruments (including cash/call money) 0 to 100
The Scheme can invest up to 100% in money market instruments, however this is not a liquid scheme, and the Fund Manager shall have the liberty to invest in
securities having maturity of more than 91 days.
Investment Strategy Please refer to page 25 for details
Plans Not Available
Options Options Facility
Weekly/Monthly/ Semi-annual Dividend and Growth* Payout and Reinvestment**
Daily Dividend Reinvestment Plan (DDRIP) Reinvestment
*If no option is speci?ed at the time of application, the default option is Growth Option.
**If no facility is speci?ed the default facility is dividend Reinvestment
Minimum Application Size
(Lumpsum Investment per
Application)
Initial Investment Additional Investment
Weekly Dividend/ Monthly Dividend/ Semi- Annual Dividend and Growth:
A minimum of Rs. 10,000/- per application and in multiples of Re.
1/- thereafter
Daily Dividend Reinvestment Plan: A minimum of Rs. 1,00,000/- per
application and in multiples of Re. 1/- thereafter.
Rs. 1,000 and thereafter in multiples of Re. 1
Minimum Application Size
(Systematic Investment per
Application)
Min. Instalment Amount Min. No. of Instalments Min. Aggregate Investment
Rs. 1,000 (a) Monthly: 6 (b) Quarterly: 6 Rs. 6,000
All the above three conditions to be jointly ful?lled
Minimum Redemption Size Regular Plan#: Rs. 1000/- per application or 100 units
Weekly Dividend##/Monthly Dividend##/Semi Annual Dividend##/Growth##/DDRIP##: Rs.1,00,000 per application or 10,000 Units
# Please note that, pursuant to SEBI circular dated September 13, 2012; effective October 1, 2012; no fresh applications for investments are being accepted in the said plans. However investors
are requested to note that, valid repurchase/ redemption requests will be accepted in respect of the said plans.
## Please note that, pursuant to SEBI circular dated September 13, 2012; effective October 1, 2012; fresh applications for investments in respect of the said plans/ options only are accepted.
Benchmark Index CRISIL Liquid Fund Index
Dividend Policy The Schemes does not guarantee or assure any monthly or quarterly or semi-annual dividend or any other dividend frequency. The dividend distributions in each
Dividend Options of the Schemes/ Plans will be dependent on the returns achieved through active management of the portfolio(s). Dividend distributions of the
Schemes may vary based on the investment results of the portfolio(s). Investors should note that pursuant to the payment of dividend, the NAV of the Dividend
Options of the Schemes will fall to the extent of payout and statutory levy, if any. Under dividend option, in case of net dividend entitlement is less than Rs. 250/-
the dividend amount will be reinvested in the Schemes automatically. There is no assurance or guarantee to unitholders as to the rate of dividend distribution nor
that dividends will be paid regularly.
Dividend Frequency and
Record Dates
Dividend Frequency Record Date Facilities available
Weekly Monday of the week
Reinvestment and Payout Monthly 25th of the month
Semi-annual: At Trustee’s Discretion Would be announced in advance
Name of Fund Manager(s) Mr. Shriram Ramanathan and Mr. Mahesh Chhabria
Performance of Schemes
(as at September 30, 2012)
NAVs of Growth Option are used
for calculation of returns. Returns
have been calculated on the face
value of Rs. 10/- per unit.
Past Performance may or may not
be sustained in future.
Compounded Annualised
Returns
L&T Ultra Short Term Fund -
Regular Plan - Growth Option
CRISIL Liquid Fund
Index
1 year 9.60% 8.67%
3 years 7.49% 6.81%
5 years 7.54% 6.95%
Since Inception 8.13% 6.14%
Date of Allotment/Inception Date November 27, 1997
Absolute Returns
18% –
16% –
14% –
12% –
10% –
8% –
6% –
4% –
2% –
0% –
9.42
8.44
FY11-12
6.17 6.21
FY10-11
4.74
3.69
FY09-10
8.40
8.81
FY08-09
8.54
7.52
FY07-08
L& T U ltra Short Term Fund - Regular Plan C RISIL Liquid Fund Index
Compounded
Annualised Returns
L&T Ultra Short Term Fund -
Institutional Plan - Growth Option
CRISIL Liquid Fund
Index
1 year 10.00% 8.67%
3 years 7.86% 6.81%
5 years 7.83% 6.95%
Since Inception 6.92% 6.14%
Date of Allotment/Inception Date April 10, 2003
Absolute Returns
18% –
16% –
14% –
12% –
10% –
8% –
6% –
4% –
2% –
0% –
9.69
8.44
FY11-12
6.55
6.21
FY10-11
5.02
3.69
FY09-10
8.63
8.81
FY08-09
8.53
7.52
FY07-08
L& T U ltra Short Term Fund - InstitutionalPlan C RISIL Liquid Fund Index
Expenses
Load Structure
For Ongoing Offer
Exit Load: NIL
No. of Folios (Live Accounts) as
at October 31, 2012
1,904
Assets under Management
(AUM) (Rs. in crores) as at
October 31, 2012
1,179.69
15
page 15
L&T Income Opportunities Fund
Investment Objective The Scheme seeks to generate regular returns and capital appreciation by investing in debt (including securitised debt), government and money market securities.
Asset Allocation Pattern Types of Instruments Indicative allocations (% of total assets) Risk Pro?le
Minimum Maximum
Debt instruments including securitized debt^ 0 100 Low to Medium
Money Market Instruments 0 100 Low
^ The scheme will predominantly invest in corporate debt instruments
The average maturity of the Portfolio of the Scheme shall not exceed 3 years.
The Scheme shall not invest in foreign securities and stock lending.
The Scheme may undertake derivative transactions for the purpose of portfolio hedging and portfolio balancing, as permitted under the regulations and guidelines
issued by SEBI from time to time.
Investment Strategy Please refer to page 26 for details
Plans Not Available
Options Dividend^, Growth*, Quarterly Dividend, Bonus**
^ Investors are requested to note that presently the Board of Trustee Company has decided the frequency as Monthly dividend (under Dividend Option). However,
the Board of Directors of Trustee Company reserves the right to declare the dividend and/ or change the frequency of Dividend Option.
*If no option is speci?ed at the time of application, the default option is Growth Option.
**Declared as and when decided by the trustees
Minimum Application Size
(Lumpsum Investment per
Application)
Initial Investment Additional Investment
Rs.10,000 and in multiples of
Re. 1/- thereafter
Rs. 1,000 and thereafter in multiples of Re. 1
Minimum Application Size
(Systematic Investment per
Application)
Min. Instalment Amount Min. No. of Instalments Min. Aggregate Investment
Rs. 1,000 (a) Monthly: 6 (b) Quarterly: 6 Rs. 6,000
All the above three conditions to be jointly ful?lled
Minimum Redemption Size Retail Option# : Rs. 1000/- per application or 100 units
Dividend##/ Growth##/ Quarterly Dividend##/ Bonus## : Rs.1,00,000 per application or 10,000 Units
# Please note that, pursuant to SEBI circular dated September 13, 2012; effective October 1, 2012; no fresh applications for investments are being accepted in the said plans. However
investors are requested to note that, valid repurchase/ redemption requests will be accepted in respect of the said plans.
## Please note that, pursuant to SEBI circular dated September 13, 2012; effective October 1, 2012; fresh applications for investments in respect of the said plans/ options only are accepted.
Benchmark Index CRISIL Short Term Bond Fund Index
Dividend Policy The Schemes does not guarantee or assure any monthly or quarterly or semi-annual dividend or any other dividend frequency. The dividend distributions in each
Dividend Options of the Schemes/ Plans will be dependent on the returns achieved through active management of the portfolio(s). Dividend distributions of the
Schemes may vary based on the investment results of the portfolio(s). Investors should note that pursuant to the payment of dividend, the NAV of the Dividend
Options of the Schemes will fall to the extent of payout and statutory levy, if any. Under dividend option, in case of net dividend entitlement is less than Rs. 250/-
the dividend amount will be reinvested in the Schemes automatically. There is no assurance or guarantee to unitholders as to the rate of dividend distribution nor
that dividends will be paid regularly.
Dividend Frequency and
Record Dates
Dividend Frequency Record Date Facilities available
Monthly 25th of the month
Reinvestment and Payout
Quarterly 25th of last month of respective quarter
Name of Fund Manager(s) Mr. Shriram Ramanathan
Performance of Schemes
(as at September 30, 2012)
NAVs of Growth Option are used
for calculation of returns. Returns
have been calculated on the face
value of Rs. 10/- per unit.
Past Performance may or may not
be sustained in future.
Compounded Annualised
Returns
L&T Income Opportunities Fund
- Retail Plan - Growth Option
CRISIL Short Term
Bond Fund Index
1 year 9.35% 9.21%
Since Inception 7.61% 7.03%
Date of Allotment/Inception Date October 8, 2009
Absolute Returns
16% –
14% –
12% –
10% –
8% –
6% –
4% –
2% –
0% –
9.37
8.28
FY11-12
6.40
5.12
FY10-11
2.25
2.59
FY09-10
L& T Incom e O pportunities Fund - RetailPlan
C RISIL Short Term Bond Fund Index
Compounded
Annualised Returns
L&T Income Opportunities Fund -
Institutional Plan - Growth Option
CRISIL Short Term
Bond Fund Index
1 year 9.85% 9.21%
Since Inception 8.08% 7.03%
Date of Allotment/Inception Date October 8, 2009
Absolute Returns
16% –
14% –
12% –
10% –
8% –
6% –
4% –
2% –
0% –
9.87
8.28
FY11-12
6.86
5.12
FY10-11
2.46
2.59
FY09-10
L& T Incom e O pportunities Fund - InstitutionalPlan
C RISIL Short Term Bond Fund Index
Expenses
Load Structure
For Ongoing Offer
Exit Load: 0.25% if redeemed <= 30 days, NIL if redeemed > 30 days
No. of Folios (Live Accounts) as
at October 31, 2012
876
Assets under Management
(AUM) (Rs. in crores) as at
October 31, 2012
41.31
16
page 16
Name of Scheme
L&T Floating Rate Fund L&T Short Term Opportunities Fund
Investment Objective The primary objective of the Scheme is to generate regular income through investment
in a portfolio comprising substantially of ?oating rate debt/money market instruments,
?xed rate debt/money market instruments swapped for ?oating rate returns, and
?xed rate debt securities, Government securities and money market instruments.
The investment objective of the Scheme is to generate returns for investors with
a short-term investment horizon by investing in ?xed income securities of shorter
term maturity.
Asset Allocation Pattern
Types of Instruments Normal Allocation (%
of net assets)
Floating Rate Securities and Money Market Instruments 65 to 100
Debt Instruments including Floating Rate Securities 0 to 35
The Scheme may invest upto 100% of its net assets in Securitized debt.
The Scheme may take exposure in derivatives, either exchange traded or OTC, upto 100%
of Net Assets as permitted by SEBI regulations, as amended from time to time.
The gross investment in Debt and Money Market Instruments including securitized debt
and derivatives shall not exceed 100% of net assets of scheme/plan.
Types of Instruments Indicative
allocations
Min% - Max%
(% of Net
Assets)
Risk Pro?le
Debt and Money Market Instruments with
residual maturity upto 2 years
75 to 100 Low
Debt Instruments with residual maturity
greater than 2 years and less than 5 years
0 to 25 Low to
Medium
The Scheme may invest in securitized debt up to 50% of the portfolio.
The Scheme shall have derivatives exposure as per the SEBI/ RBI Guidelines issued from
time to time.
Further, the Scheme may undertake Interest rate derivatives transactions for the purpose
of hedging and portfolio rebalancing (within the permissible limits speci?ed by RBI/ SEBI
from time to time).
The average maturity of the Portfolio of the Scheme shall not exceed 2 years.
Investment Strategy Please refer to page 25 and 26 for details
Plans Not Available
Options
Options Facility
Dividend Daily/Weekly/Monthly
Growth* NIL
Under daily and weekly dividend facility the dividend amount will compulsorily be reinvested.
In case of monthly dividend facility, unless opted for dividend payout, the dividend amount
will compulsorily be reinvested.
*If no option is speci?ed at the time of application, the default option is Growht Option.
Dividend (Payout & Re-investment), Quarterly Dividend (Payout &
Re-investment), Growth, Bonus*
If no option is speci?ed at the time of application, the default option is Growth
Option.
The Trustees reserves the right to declare dividend from time to time, subject to
availability of distributable surplus.
If no option is speci?ed the default option is dividend re-investment.
* Declared as and when decided by the Trustees.
Minimum Application Size
(Lumpsum Investment per
Application)
Initial Investment Additional Investment
Rs.10,000 and in multiples of Re. 1/- thereafter Rs. 1,000 and thereafter in multiples of Re. 1/-
Minimum Application Size
(Systematic Investment per
Application)
Min. Instalment Amount Min. No. of Instalments Min. Aggregate Investment
Rs. 1,000 (a) Monthly: 6 (b) Quarterly: 6 Rs. 6,000
All the above three conditions to be jointly ful?lled
Minimum Redemption Size Rs. 1000 or 100 units. Rs. 1000 or 100 units.
Benchmark Index CRISIL Liquid Fund Index CRISIL Short Term Bond Fund Index
Dividend Policy The Schemes does not guarantee or assure any monthly or quarterly or semi-annual dividend or any other dividend frequency. The dividend distributions in each
Dividend Options of the Schemes/ Plans will be dependent on the returns achieved through active management of the portfolio(s). Dividend distributions of the
Schemes may vary based on the investment results of the portfolio(s). Investors should note that pursuant to the payment of dividend, the NAV of the Dividend
Options of the Schemes will fall to the extent of payout and statutory levy, if any. Under dividend option, in case of net dividend entitlement is less than Rs. 250/-
the dividend amount will be reinvested in the Schemes automatically. There is no assurance or guarantee to unitholders as to the rate of dividend distribution nor
that dividends will be paid regularly.
Dividend Frequency and
Record Dates
Dividend Frequency Record Date Facilities available
Weekly Monday of the week
Reinvestment and
Payout
Monthly 25th of the month
Dividend Frequency Record Date Facilities available
Quarterly
25th of last month of
respective quarter
Reinvestment and
Payout
Name of Fund Manager(s) Mr. Mahesh Chhabria Mr. Vikram Chopra
Performance of Schemes
(as at September 30, 2012)
NAVs of Growth Option are used
for calculation of returns. Returns
have been calculated on the face
value of Rs. 10/- per unit.
Past Performance may or may not
be sustained in future.
Compounded
Annualised Returns
L&T Floating Rate
Fund
CRISIL Liquid Fund
Index
1 year 9.79% 8.67%
Since Inception 9.37% 8.29%
Date of Allotment/Inception Date October 27, 2010
Absolute Returns
18% –
16% –
14% –
12% –
10% –
8% –
6% –
4% –
2% –
0% –
9.57
8.44
FY11-12
L& T Floating Rate Fund C RISIL Liquid Fund Index
Absolute
Returns
L&T Short Term Opportunities
Fund
CRISIL Short Term
Bond Fund Index
Since Inception 7.68% 7.11%
Date of Allotment/Inception Date October 27, 2011
Absolute Returns
18% –
16% –
14% –
12% –
10% –
8% –
6% –
4% –
2% –
0% –
8.49
7.81
FY11-12
L& T Short Term O pportunities Fund C RISIL Short Term Bond Fund Index
Expenses
Load Structure
For Ongoing Offer
Exit Load: NIL Exit Load: 0.25% if redeemed <= 30 days, NIL if redeemed > 30 days
No. of Folios (Live Accounts) as
at October 31, 2012
282 1,181
Assets under Management
(AUM) (Rs. in crores) as at
October 31, 2012
4.69 438.14
17
page 17
Information Common To All Schemes
Name of Trustee Company L&T Mutual Fund Trustee Limited
Applicable NAV for all
schemes except L&T Cash
Fund and L&T Liquid Fund
The Cut-off time and the Applicable NAV will be as under:
For Purchases/Redemptions: (1) In respect of valid Purchase (along with cheques/drafts/other payment instruments)/Redemption applications accepted at a Designated
Collection Centre up to 3 p.m. on a Business Day, the NAV of such day will be applicable. (2) In respect of valid Purchase (along with cheques/drafts/other payment
instruments)/Redemption applications accepted at a Designated Collection Centre after 3 p.m.on a Business Day, the NAV of the next Business Day will be applicable.
The above will be applicable only for cheques/drafts/payment instruments payable locally in the city in which ISC is located. No outstation cheques will be accepted.
Further an Application Form accompanied by a payment instrument issued from a bank account other than that of the applicant/investor will not be accepted except
in certain circumstances. Please refer paragraph “How to Pay” in SAI for further details.
For applications for Purchases along with demand draft not payable at par at the place where the application is received, NAV of the day on which the demand draft
is credited will be applicable
In respect of valid Purchase applications accepted at the Designated Collection Centre for an investment amount equal to or more than Rs. 2 lakh, the NAV of the
Business Day on which the funds are available for utilisation shall be applicable subject to the following: (1) Purchase application is accepted before the Cut–off time;
(2) funds for the entire amount of Purchase/Subscription applications are credited to the bank account of the respective Scheme before the Cut-off time; and (3) the
funds are available for utilisation by the respective Scheme before the Cut-off time without availing any credit facility, whether, intra-day or otherwise.
Investors are requested to note that in case of multiple valid applications for Purchases/ Switch-ins (either in Physical Form or in Demat Form through Stock Exchange
Mechanism) in any single Equity Scheme of L&T Mutual Fund (irrespective of its Option) for an aggregate investment amount equal to or more than Rs. 2 Lakh on the
same business day, such applications shall be consolidated at Permanent Account Number level irrespective of the number of folios to determine the total application
amount of Rs. 2 Lakh and above.
For Switches: Valid applications for ‘switch-out’ shall be treated as applications for Redemption and valid applications for ‘switch-in’ shall be treated as applications
for Purchase, and the provisions for the Cut-off time and the Applicable NAV as applicable to Purchase and Redemption shall be applied respectively to the ‘switch-in’
and ‘switch-out’ applications.
Please note that in respect of L&T Tax Advantage Fund and L&T Tax Saver Fund redemption of units can be made only after three years of lock-in period
from the date of allotment of units proposed to be redeemed.
Applicable NAV for
L&T Cash Fund and L&T
Liquid Fund
The Cut-off time and the Applicable NAV will be as under:
For Purchase: 1) In respect of valid applications accepted at a Designated Collection Centre upto 2.00 p.m. on a day, where the funds for the entire amount of Purchase/
Subscription applications are credited to the bank account of the Scheme/Plan before the Cut-off time and are available for utilisation before the Cut-off time without
availing any credit facility, whether, intra-day or otherwise – the closing NAV of the day immediately preceding the day of receipt of the applications; 2) In respect of
valid applications accepted at a Designated Collection Centre after 2.00 p.m. on a day, where the funds for the entire amount of Purchase/Subscription applications are
credited to the bank account of the Scheme/Plan and are available for utilisation on the same day without availing any credit facility, whether, intra-day or otherwise
the closing NAV of the day immediately preceding the next Business day ; and 3) In respect of valid Purchase applications accepted at a Designated Collection Centre
on a Business Day, irrespective of the time of receipt of application, where the funds are not available for utilisation before the Cut-off time without availing any credit
facility, whether, intra-day or otherwise – the closing NAV of the day immediately preceding the day on which the funds are available for utilisation.
Further an Application Form accompanied by a payment instrument issued from a bank account other than that of the applicant/investor will not be accepted except
in certain circumstances. Please refer paragraph “How to Pay” in SAI for further details.
For Redemption: (1) In respect of valid Redemption applications accepted at a Designated Collection Centre upto 3.00 p.m., the closing NAV of the day immediately
preceding the next business day will be applicable. (2) In respect of valid Redemption applications accepted at a Designated Collection Centre after 3.00 p.m., the
closing NAV of the next business day will be applicable.
For Switches: Valid applications for 'switch-out' shall be treated as applications for Redemption and valid applications for 'switch-in' shall be treated as applications
for Purchase, and the provisions of the Cut-off time and the Applicable NAV as applicable to Purchase and Redemption shall be applied respectively to the 'switch-in'
and 'switch-out' applications.
Dispatch of Repurchase
(Redemption) Request
Within 10 Business Days of the receipt of the valid redemption request at the authorised centre of L&T Mutual Fund. Please note that in respect of L&T Tax Advantage
Fund and L&T Tax Saver Fund redemption of units can be made only after three years of lock-in period from the date of allotment of units proposed to be redeemed.
Transaction Charge(s) AMC shall deduct Transaction Charge(s) from the subscription amount and pay it to the distributor who has opted to receive the same for a particular
product category. The details of the same are mentioned below:-
In case of investments through SIP, Transaction Charge(s) shall be deducted only if the total commitment (i.e. amount per SIP instalment x Number of
instalments) amounts to Rs. 10,000 or more. The Transaction Charge(s) will be deducted in four equal instalments.
However, Transaction Charge(s) will not be deducted for the following:-
Purchase/Subscription submitted by investor at the designated collection centres or through AMC’s website viz. www. lntmf.com and which are not
routed through any distributor.
Purchase/Subscription through a distributor for an amount less than Rs. 10,000.
Transactions such as Switches, STP i.e. all such transactions wherein there is no additional cash ?ow at a Mutual Fund level similar to Purchase/Subscription.
Purchase/Subscriptions through any stock exchange.
Actual Recurring Expenses
(% p.a. of Average
daily net assets)
for the Financial Year
2011-12
L&T Equity Fund L&T India Special Situations Fund L&T Tax Advantage Fund
1.84% 2.15% 2.00%
L&T Indo Asia Fund L&T India Large Cap Fund L&T India Value Fund
2.32% 2.33% 2.44%
L&T India Equity and Gold Fund L&T India Prudence Fund L&T Midcap Fund
2.50% 2.50% 2.50%
L&T Tax Saver Fund L&T Infrastructure Fund L&T Flexi Bond Fund
2.50% 2.50% Institutional: 1.25%
L&T Cash Fund L&T Low Duration Fund L&T Global Real Assets Fund
Super Institutional: 0.24% Super Institutional: 0.27% 0.75%
L&T Short Term Income Fund L&T Triple Ace Bond Fund L&T Monthly Income Plan
1.10% 1.25% 2.21%
L&T MIP - Wealth Builder Fund L&T Floating Rate Fund L&T Gilt Fund
2.25% 0.35% 1.20%
L&T Liquid Fund L&T Ultra Short Term Fund L&T Income Opportunities Fund
0.26% 0.40% 0.57%
L&T Short Term Opportunities Fund
1.19%
Tax Treatment for the
Investors (Unit holders)
Investor are advised to refer to the details in the Statement of Additional Information and also independently refer to their tax adviser.
Daily Net Asset Value
(NAV) Publication
L&T Mutual Fund shall calculate NAV on daily basis and publish the same in at least two daily newspapers having circulation all over India and declare on AMFI’s
website www.am?india.com by 9.00 PM and also at www.lntmf.com. The NAVs of all the schemes can also be viewed on www.lntmf.com and www.am?india.com.
Alternatively, investors can call up our Investorline on 1800 2000 400 (toll-free) to access the NAV.
For Investor
Grievances please contact
Computer Age Management Services Private Limited
Ground Floor, Rayala Towers,
158, Anna Salai, Chennai-600 002.
For any grievances with respect to transactions through BSE and/or NSE,
the investors/Unit Holders should approach either the stock broker or the
investor grievance cell of the respective stock exchange.
Mr. John Vijayan
3rd Floor, Investwell Centre, 91, G. N. Chetty Road,
T Nagar, Chennai-600 017
Tel: 1800 2000 400 Fax: 044-4902 2818
E-mail: [email protected]
18
page 18
Information Common To All Schemes
Unit Holders'
Information
Consolidated Account Statement
• The AMC/Mutual Fund will send to the investor whose application for Purchase/Redemption has been accepted, a con?rmation specifying the number of units
allotted/redeemed by way of email and/or text message within 5 Business Days from the date of allotment/redemption to the investor’s registered e-mail address
and/or mobile number.
• CAS for each calendar month will be sent on or before 10th of the succeeding month by way of mail/e-mail to the Unit Holders who have transacted during the
month.
• In case of a speci?c request received from the Unit holders, the AMC/Mutual Fund will provide the account statement in physical to the investors within 5 Business
Days from the receipt of such request.
• In the event a folio has more than one registered holder, the ?rst named Unit holder will receive the CAS/account statement.
• CAS will not be sent to the Unit holders in respect of the folio(s) where the PAN details are not updated. The Unit holders are therefore requested to ensure that
the folio(s) are updated with the PAN details.
• Further, a CAS shall also be sent by mail/email at the end of every six months (i.e. September/ March), on or before 10th day of succeeding month to all those Unit
Holders who have not transacted in the folios during the period of last six months.
Annual Report
An annual report of the Schemes will be prepared as at the end of each ?nancial year (i.e. March 31) and copies of the report or an abridged summary thereof will be
sent to all Unit Holders as soon as possible but not later than 4 months from the closure of the relevant ?nancial year. In case of an Unit Holder whose email address
is available with the AMC/Mutual Fund, the annual report or abridged summary thereof will be sent by way of an e-mail at the email address provided by the Unit
Holder and such Unit Holder will not receive physical copies of the annual report or abridged summary thereof unless a speci?c request is received by the AMC/Mutual
Fund in this behalf from the Unit holder.
The Unit Holder may request for physical copies of the annual report or abridged summary thereof by calling the toll-free investor line of the AMC at 1800 2000 400.
An Unit holder whose-mail address is not available with the AMC/Mutual Fund, the AMC shall continue to dispatch the annual report or an abridged summary thereof
in physical form.
The full report or the abridged summary thereof will be displayed on the website of the Mutual Fund i.e. www.lntmf.com and will also be available for inspection at
the registered of?ce of the AMC and a copy thereof will be provided on request to the Unit Holder.
Sectoral Allocation:
In accordance with SEBI circular CIR/ IMD/ DF/ 21/ 2012 dated September 13, 2012; the total exposure to single sector shall not exceed 30% or such other limit as
may be speci?ed by SEBI from time to time of the net assets of the scheme. The Sectoral classi?cation shall be as per AMFI classi?cation, as amended from time to
time. However, this limit is not applicable for investments in Bank CDs, Collateralized borrowings and lending obligations (CBLO), Government Securities, Treasury
Bills and AAA rated securities issued by Public Financial Institutions and Public Sector Banks. Existing debt schemes, as on September 30, 2012; shall comply with the
aforementioned requirement within a period of one year from September 13, 2012 or as mentioned by SEBI from time to time. Existing Unit holders of Debt Oriented
Mutual Fund Schemes are requested to note that, during this one year, total exposure of existing debt schemes in a particular sector shall not increase from the existing
levels (if above 30%) as on September 13, 2012.
Recurring Expenses:
The following cost or expenses may be charged to the Scheme, namely:
(I) Brokerage and Transaction Costs which are incurred for the purpose of execution of trade and is included in the cost of investment, not exceeding 0.12 per cent
in case of cash market transactions and 0.05 per cent in case of derivatives transactions.
(II) Additional expenses not exceeding of 0.30 per cent of daily net assets, if the new in?ows from beyond top 15 cities are at least:
(i) 30 per cent of gross new in?ows in the Scheme, or;
(ii) 15 per cent of the average assets under management (year to date) of the Scheme, whichever is higher:
Provided that if in?ows from such cities is less than the higher of sub-clause (i) or sub- clause (ii), such expenses on daily net assets of the scheme shall be
charged on proportionate basis.
Provided further that expenses charged under this clause shall be utilized for distribution expenses incurred for bringing in?ows from such cities.
Provided further that amount incurred as expense on account of new in?ows from such cities be credited back to the Scheme in case the said in?ows are
redeemed within a period of one year from the date of investment.
(III) Service Tax on investment and advisory fees shall be charged to the Scheme in addition to the maximum limit of Annual Scheme Recurring Expenses as prescribed
in the Regulation 52, as amended from time to time.
(IV) Further, the AMC/ Mutual Fund shall annually set apart at least 2 basis points on the daily net assets within the limits of Annual Scheme Recurring Expenses as
prescribed in the Regulation 52, as amended from time to time, for investor education and awareness initiatives.
RIsk Pro?le of the
Schemes
Mutual Fund Units involve investment risks including the possible loss of principal. Please read the Scheme Information Document carefully for details on risk factors
before investment. Scheme speci?c risk factors are summarized below:
As per SEBI circular no. SEBI/IMD/CIR No.10/22701/03 dated December 12, 2003, each scheme/plan (including the plans thereunder) should have a minimum of 20 Unit
Holders and no single Unit Holder should account for more than 25% of the corpus of such scheme/plan. The aforesaid conditions should be met in each calendar
quarter on an average basis. In case of non-ful?lment with the ?rst condition i.e. minimum of 20 investors in the scheme/plan, for each calendar quarter as speci?ed
by SEBI, the scheme/plan shall be wound up by following the guidelines prescribed by SEBI and Unit Holders' investment in such scheme/plan would be redeemed at
the Applicable NAV. SEBI has further prescribed that if any investor breaches the 25% limit over a quarter, a rebalancing period of one month will be allowed to the
investor and thereafter the investor who is in breach of the limit shall be given 15 days notice to redeem his exposure over the 25% limit. In the event of failure on
part of the said investor to redeem the excess exposure, the excess holding will be automatically redeemed by the Fund following the guidelines prescribed by SEBI.
Risk Factors pertaining to Equity Schemes/Funds
Equity and equity related securities are volatile and prone to price ?uctuations on a daily basis. The liquidity of investments made in the Equity Schemes may be restricted
by trading volumes and settlement periods. Settlement periods may be extended signi?cantly by unforeseen circumstances. The inability of the Equity Schemes to make
intended securities purchases, due to settlement problems, could cause the Equity Schemes to miss certain investment opportunities.Similarly, the inability to sell securities
held in the Equity Schemes' portfolios would result at times, in potential losses to the respective Equity Schemes, should there be a subsequent decline in the value of
securities held in such Equity Schemes' portfolios.
Investments in equity and equity related securities involve a degree of risks and investors should not invest in Equity Schemes unless they can afford to take the risk
of losing their investment.
Securities which are not quoted on the stock exchanges are inherently illiquid in nature and carry a larger liquidity risk in comparison with securities that are listed on
the exchanges or offer other exit options to the investors, including put options. The AMC may choose to invest in unlisted securities that offer attractive yields within
the regulatory limit. This may however increase the risk of the portfolio.
The liquidity and valuation of the Schemes' investments due to its holdings of unlisted securities may be affected if they have to be sold prior to the target date of
disinvestment.
Investments in money market instruments would involve a moderate credit risk i.e. risk of an issuer's liability to meet the principal payments.
Money market instruments may also be subject to price volatility due to factors such as changes in interest rates, general level of market liquidity and market perception
of credit worthiness of the issuer of such instruments. The AMC endeavours to manage such risk by the use of inhouse credit analysis. The NAV of Equity Schemes'
Units, to the extent that such Schemes are invested in money market instruments, will be affected by the changes in the level of interest rates. When interest rates
in the market rise, the value of a portfolio of money market instruments can be expected to decline. The NAV of FIOF will also be affected by Risks associated with
investments made in derivatives. The NAV of the Equity Schemes will also be affected by Risk Factors associated with scrip lending and investments in Foreign Securities.
Risk Factors pertaining to Debt Schemes/Fund
In addition to the factors that affect the values of securities, the NAV of Units of the Debt Schemes will ?uctuate with the movement in the broader ?xed income,
money market and derivatives market and may be in?uenced by factors in?uencing such markets in general including but not limited to economic conditions, changes
in interest rates, price and volume volatility in the ?xed income markets, changes in taxation, currency exchange rates, foreign investments, political, economic or other
developments and closure of the stock exchanges. Further the investments made by the Debt Schemes will also be affected by interest rate/price risk, credit risk or
default risk, sovereign risk, liquidity risk, reinvestment risk, settlement risk, risk associated with investment in derivatives and foreign securities.
19
page 19
Information Common To All Schemes
RIsk Pro?le of the
Schemes
(contd.)
Risks Factors associated with transaction in Units through stock exchange(s)
In respect of transaction in Units of the Scheme through BSE and/or NSE, allotment and redemption of Units on any Business Day will depend upon the order processing/
settlement by BSE and/or NSE and their respective clearing corporations on which the Fund has no control.
Additional Scheme Speci?c Risk Factors
L&TTAF: By virtue of requirements under ELSS, Units issued under L&TTAF will not be redeemed until the expiry of three years from the date of their allotment.
The ability of an investor to realise returns on investments in L&TTAF is consequently restricted for the ?rst three years. Redemption will be made prior to the
expiry of the aforesaid three year period only in the event of the death of a Unit Holder, subject to the Units having been held for a period of one year from the
date of their allotment.
L&TGRAF: The assets of the Scheme shall be predominantly invested in the shares/units of the Underlying Scheme. However, due to market conditions in the
jurisdiction in which the Scheme invests, the AMC may, for short term purposes and with a view to protect the interest of Unit Holders, deviate from the asset
allocation range set out in this Scheme Information Document subject to limitations prescribed in by SEBI/RBI from time to time. Unit Holders will not be given any
prior intimation or indication when the composition/asset allocation pattern under the Scheme changes within the broad range set out in the Scheme Information
Document The Scheme's performance will be affected by the performance of the Underlying Scheme and it will be subject to all the risks associated with the
Underlying Scheme. Investors will be bearing the expenses of the Scheme in addition to the expenses of the Underlying Scheme. Investors could incur load charges
on two occasions. First, on their redemptions/switchouts in the options under the Scheme and second, on the Scheme's investment/redemption/switches in the
options under the Underlying Scheme, if any.
L&TIEGF: To the extent that the Scheme is invested in Gold ETFs, the Scheme will be subject to all risks associated with such ETFs and the underlying assets i.e.
gold or gold related instruments that it is tracking. The Scheme can purchase/redeem units of Gold ETFs only through stock exchanges on which such ETFs are
listed and not directly through a mutual fund. Thus there could be a liquidity issue. The units of the Gold ETF may trade above (at a premium) or below (at a
discount) its net asset value (NAV). The price of the units of a Gold ETF is in?uenced by the forces of supply and demand. Thus the Scheme may not be able to
purchase/redeem units of a Gold ETF at the applicable NAVs.
L&TTSF: Volatility Risk – Investors may note that AMC/Fund Manger’s investment decisions may not be always pro?table. The Scheme proposes to invest substantially
in equity and equity related securities. The Scheme will, to a lesser extent, also invest in money market securities. Trading volumes, settlement periods and transfer
procedures, generally for equity and equity related securities and in particular Midcap and Small Cap stocks, may restrict the liquidity of these investments and
experience high volatility
L&TMIP and L&T MIP – WBF:
Monthly Income is not assured and is subject to the availability of distributable surplus.
Equity securities and equity related securities are volatile and prone to price ?uctuations on a daily basis. The liquidity of investments made in the Scheme may be
restricted by trading volumes and settlement periods. Settlement periods may be extended signi?cantly by unforeseen circumstances. The inability of the Scheme
to make intended securities purchases, due to settlement problems, could cause the Scheme to miss certain investment opportunities. Similarly, the inability to sell
securities held in the Scheme's portfolio would result at times, in potential losses to the Schemes, should there be a subsequent decline in the value of securities
held in the Scheme's portfolio.
The performance and the value of the Scheme's investments may be affected by factors affecting the securities markets such as price and volume volatility in the
capital markets, currency exchange rates, changes in law/policies of the Government, taxation laws and political, economic or other developments which may have
an adverse bearing on individual securities, a speci?c sector or all sectors. Consequently, the NAV of the Units may be affected.
The liquidity and valuation of the Scheme's investments due to its holdings of unlisted securities may be affected if they have to be sold prior to their target date
of divestment.
The Scheme may invest in securities which are not quoted on a stock exchange ("unlisted securities") which in general are subject to greater price ?uctuations, less
liquidity and greater risk than those which are traded in the open market. Unlisted securities may lack a liquid secondary market and there can be no assurance
that the Schemes will realize its investments in unlisted securities at a fair value.
20
page 20
Investment Strategies of the Schemes
L&T Equity Fund The investment approach is bottom-up stock picking. The Scheme seeks to add the best opportunities that the market presents, without any sector/cap bias.
The key features of the Fund's investment strategy include:
Diversi?cation: The Scheme will be well diversi?ed across sectors in about 60 to 80 stocks. Maximum exposure to a single sector shall be 25% of the net assets of
the Scheme. The Scheme is likely to be fully invested in equity at all times.
Bottom-up stock picking: Consistent with L&T's approach, the Scheme focuses on bottom-up stock picking (i.e. focussing solely on prospects of individual stocks) as
opposed to a top-down approach (i.e. predicting macro economic and political trends and taking investment decisions based on them).
No cap bias: It will seek to identify the best stocks at a point in time, regardless of any market cap bias.
L&T Tax Advantage Fund The investment approach is bottom-up stock picking. The Scheme seeks to add the best opportunities that the market presents, without any sector/cap bias.
The key features of the Fund's investment strategy include:
Diversi?cation: The Scheme will be well diversi?ed across sectors in about 60 to 80 stocks but it could hold more than 80 stocks at any given time. While holdings
in individual stocks will generally not exceed 4% of net assets of the Scheme, there may be times when considering the investment opportunities, holdings in certain
stocks could be in excess of 4%. The Scheme is likely to be fully invested in equity at all times.
Bottom-up stock picking: Consistent with L&T's approach, the Scheme focuses on bottom-up stock picking (i.e. focusing solely on prospects of individual stocks) as
opposed to a top-down approach (i.e. predicting macro economic and political trends and taking investment decisions based on them).
No cap bias: It will seek to identify the best stocks at a point in time, regardless of any market cap bias
L&T India Special
Situations Fund
The Scheme will, primarily be a diversi?ed equity fund which will seek to invest in undervalued companies for long term investment with key theme focus being "Special
Situations"-these are situations that are out-of-the-ordinary and which therefore present interesting stock picking opportunities.
The types of companies that may fall within the scope of such Special Situations could include but are not limited to:
– companies with recovery potential.
– companies whose growth potential, may not be fully recognised by the market.
– companies with hidden/undervalued assets whose value, may not be fully recognised by the market.
– companies with interesting product pipelines which could offer good earnings potential.
– companies undertaking corporate restructuring.
– companies which could be potential candidates for mergers and acquisitions related activities.
The investment approach will be bottom-up stock picking-where investments will be selected primarily on the basis of speci?c criteria relevant to the company in
question rather than general macro-economic considerations. There will be no particular bias towards any market cap size or any sector. The Scheme will endeavour to
remain fully invested in equity and related instruments at all times. A limited exposure to various derivatives instruments is likely-for the purposes of hedging, portfolio
balancing and optimising returns.
The Scheme may invest in derivatives instruments to the extent permitted under and in accordance with the applicable Regulations, including for the purposes of
hedging, portfolio balancing and optimizing returns. Hedging does not mean maximization of returns but only attempts to reduce systemic or market risk that may
be inherent in the investment.
L&T Indo Asia Fund The Scheme will primarily be a diversi?ed equity fund which will seek to invest in undervalued companies in Indian and international markets to generate long-term
capital appreciation.
The investment approach is bottom-up stock picking. The Scheme seeks to invest in the best opportunities in the Indian and international markets, without any sector/
cap bias. However, the fund managers expect to have a high focus on opportunities in Asia Paci?c region including India. A limited exposure to various equity derivatives
instruments is likely-for the purposes of hedging, portfolio balancing and optimizing returns.
The key features of the Fund's investment strategy include:
Diversi?cation: Subject to SEBI regulations, the Scheme will be well diversi?ed across stocks, sectors and countries given that investments will be made in the
international markets with a bias towards the Asia Paci?c region including India. A limited exposure to various equity derivatives instruments is likely-for the purpose
of hedging, portfolio balancing and optimizing returns.
Stock Selection: The fund managers will adopt a methodology of bottom-up stock selection, with an emphasis on ?rst-hand research. They will favour companies that
offer the best value relative to their respective long-term growth prospects, returns in capital and management quality. When assessing a company, the fund managers
will focus on understanding how each of these factors will change over time.
Investments in Foreign Securities shall be subject to the investment restrictions speci?ed by SEBI/RBI from time to time. The fund manager will consider all relevant risk
before making any investment in Foreign Securities. The Scheme may invest in equity derivatives instruments to the extent permitted under and in accordance with the
applicable Regulations, including for the purposes of hedging, portfolio balancing and optimizing returns. Hedging does not mean maximization of returns but only
attempts to reduce systemic or market risk that may be inherent in the investment.
L&T India Large Cap Fund The Scheme will primarily be a diversi? ed equity fund which will likely (in normal market conditions) invest predominantly in large cap stocks to generate long term
capital appreciation.
The investment approach is bottom-up stock picking. A limited exposure to various equity derivatives instruments is likely - for the purposes of hedging, portfolio
balancing and optimizing returns.
The key features of the Scheme’s investment strategy include:
Diversi? cation: Subject to SEBI regulations, the Scheme will be well diversi? ed across stocks and sectors. A limited exposure to various equity derivatives instruments
is likely - for the purpose of hedging, portfolio balancing and optimizing returns.
Stock Selection: The fund managers will adopt a methodology of bottom-up stock selection, with an emphasis on ? rst-hand research. They will favour companies that
offer the best value relative to their respective long-term growth prospects, returns in capital and management quality. When assessing a company, the fund managers
will focus on understanding how each of these factors will change over time.
Investments in Foreign Securities shall be subject to the investment restrictions speci? ed by SEBI/RBI from time to time.
The fund manager will consider all relevant risk before making any investment in Foreign Securities.
Investments in equity and equity related securities and debt securities carry various risks such as inability to sell securities, trading volumes and settlement periods, interest
rate risk, liquidity risk, default risk, reinvestment risk etc. Whilst such risks cannot be eliminated, they may be mitigated by diversi? cation and hedging.
Further, the portfolio of the Scheme will be constructed in accordance with the investment restrictions speci? ed under the Regulations which would help in mitigating
certain risks relating to investments in securities market.
The Scheme may invest in equity derivatives instruments to the extent permitted under and in accordance with the applicable Regulations, including for the purposes
of hedging, portfolio balancing and optimizing returns. Hedging does not mean maximization of returns but only attempts to reduce systemic or market risk that may
be inherent in the investment.
L&T India Value Fund The Fund Managers would aim to identify undervalued stocks having the potential to deliver long term superior risk-adjusted returns. Undervalued stocks would include
stocks which the Fund Managers believe are trading at less than their assessed values. The identi?cation of undervalued stocks would involve fundamental analysis. It
will be based on the evaluation of various factors including but not limited to stock valuation, ?nancial strength, cash ?ows, company's competitive advantage, business
prospects and earnings potential.
Investments in derivatives
Investment in derivatives will be made in accordance with the investment objective and the strategy of the Scheme and in accordance with the applicable Regulations,
including for the purposes of hedging, portfolio balancing and optimizing returns. Hedging does not mean maximization of returns but only attempts to reduce systemic
or market risk that may be inherent in the investment.
Investments in ETFs
The Scheme may also invest in ETFs to the extent permitted under the applicable laws, including the SEBI Regulations and guidelines speci? ed by RBI. Investment in ETFs
will be made in accordance with the investment objective and the strategy of the Scheme for the purposes of ef? cient portfolio management and optimizing return.
Investments in debt and money market instruments
Investments in debt and money market instruments shall be made for managing liquidity.
21
page 21
Investment Strategies of the Schemes
L&T India Prudence Fund Investments in equity and equity related instruments:
The Fund Manager(s) will focus primarily on bottom-up stock picking as opposed to a top-down approach. The Fund Manager(s) will generally aim to identify stocks
which as per the Fund Manager’s belief are sound, but which are mispriced. The Fund Manager(s) does this by analyzing a company’s business model and ?nancial
parameters, valuations and business expectations.
Investments in debt and money market instruments:
The portfolio will be constructed and managed to generate returns to match the investment objective and to maintain adequate liquidity to accommodate funds
movement. Capital appreciation opportunities could be explored by extending credit and duration exposure.
The fund management team will take an active view of the interest rate movement supported by quantitative research, to include various parameters of the Indian
economy, as well as developments in global markets. Investment views/decisions will be a combination of credit analysis of individual exposures and analysis of macro
economic factors to estimate the direction of interest rates and level of liquidity and will be taken, inter alia, on the basis of the following parameters:
1. Prevailing interest rate scenario
2. Returns offered relative to alternative investment opportunities.
3. Quality of the security/instrument (including the ?nancial health of the issuer)
4. Maturity pro?le of the instrument
5. Liquidity of the security
6. Any other factors considered relevant in the opinion of the fund management team.
The fund management team, supported by credit research group will generally adopt a bottom-up approach for securities identi?cation to optimise the risk adjusted
returns on the diversi?ed portfolio. The credit quality of the portfolio will be maintained and monitored using the in-house research capabilities as well as the inputs
from the independent credit rating agencies. The bottom-up approach for credit issuer and security selection will be complemented by a top-down view for overall
duration and credit allocation decisions.
Investments in derivatives:
Investment in derivatives will be made in accordance with the investment objective and the strategy of the Scheme and in accordance with the applicable Regulations, for
ef?cient portfolio management including for the purpose of hedging and portfolio balancing and optimizing returns to the extent permitted under and in accordance with
the applicable Regulations. However, investments in interest rate swaps shall be done only for the purposes of hedging and shall be in terms of requirements speci?ed
by SEBI and/or RBI from time to time. Hedging does not mean maximization of returns but only attempts to reduce systemic or market risk that may be inherent in the
investment. The manner in which derivative investments may be utilised and the bene?ts thereof have been explained in the Scheme Information Document. The various
risks associated with investing in derivatives have been explained in paragraph “Risk associated with investing in derivatives” above. Any investments in derivatives will
be undertaken after considering the risks as set out in the said paragraph.
Investments in foreign securities:
The Scheme may also invest in foreign securities for diversi?cation as permitted under the applicable laws, including the SEBI Regulations. The investments of the Scheme
in foreign securities will be restricted to 25% of the net assets of the Scheme. Any investments in foreign securities will only be undertaken after considering the risks
as set out at paragraph “Risks associated with investing in foreign securities/overseas investments/offshore securities” above. The Scheme may, where necessary, appoint
other intermediaries of repute as advisors, custodian/sub-custodians etc. for managing and administering such investments in overseas securities. The appointment of
such intermediaries shall be in accordance with the applicable Regulations and payments will be within the permissible ceilings on expenses.
L&T India Equity and Gold
Fund
Investments in equity and equity related instruments:
The Fund Manager(s) will focus primarily on bottom-up stock picking as opposed to a top-down approach. The Fund Manager(s) will generally aim to identify stocks
which as per the Fund Manager’s belief are sound, but which are mispriced. The Fund Manager(s) does this by analyzing a company’s business model and ? nancial
parameters, valuations and business expectations.
Investments in debt and money market instruments:
The portfolio will be constructed and managed to generate returns to match the investment objective and to maintain adequate liquidity to accommodate funds
movement. Capital appreciation opportunities could be explored by extending credit and duration exposure. The fund management team will take an active view of the
interest rate movement supported by quantitative research, to include various parameters of the Indian economy, as well as developments in global markets. Investment
views/decisions will be a combination of credit analysis of individual exposures and analysis of macro economic factors to estimate the direction of interest rates and
level of liquidity and will be taken, inter alia, on the basis of the following parameters:
1. Prevailing interest rate scenario
2. Returns off ered relative to alternative investment opportunities.
3. Quality of the security/instrument (including the ? nancial health of the issuer)
4. Maturity pro? le of the instrument
5. Liquidity of the security
6. Any other factors considered relevant in the opinion of the fund management team.
The fund management team, supported by credit research group will generally adopt a bottom-up approach for securities identi? cation to optimise the risk adjusted
returns on the diversi? ed portfolio. The credit quality of the portfolio will be maintained and monitored using the in-house research capabilities as well as the inputs
from the independent credit rating agencies. The bottom-up approach for credit issuer and security selection will be complemented by a top-down view for overall
duration and credit allocation decisions.
Investments in derivatives:
Investment in derivatives will be made in accordance with the investment objective and the strategy of the Scheme and in accordance with the applicable Regulations,
for ef? cient portfolio management including for the purpose of hedging and portfolio balancing and optimizing returns to the extent permitted under and in accordance
with the applicable Regulations. However, investments in interest rate swaps shall be done only for the purposes of hedging and shall be in terms of requirements speci?
ed by SEBI and/or RBI from time to time. Hedging does not mean maximization of returns but only attempts to reduce systemic or market risk that may be inherent
in the investment. The manner in which derivative investments may be utilised and the bene? ts thereof have been explained in the Scheme Information Document.
The various risks associated with investing in derivatives have been explained in paragraph “Risk associated with investing in derivatives” above. Any investments in
derivatives will be undertaken after considering the risks as set out in the said paragraph.
Investments in foreign securities:
The Scheme may also invest in foreign securities for diversi? cation as permitted under the applicable laws, including the SEBI Regulations. The investments of the Scheme
in foreign securities will be restricted to 25% of the net assets of the Scheme. The various risks associated with investing in foreign securities have been explained at
paragraph “Risk associated with investing in foreign securities/overseas investments/off shore securities” above. Any investments in foreign securities will only be undertaken
after considering the risks as set out at paragraph “Risks associated with investing in foreign securities/overseas investments/off shore securities” above. The Scheme
may, where necessary, appoint other intermediaries of repute as advisors, custodian/sub-custodians etc. for managing and administering such investments in overseas
securities. The appointment of such intermediaries shall be in accordance with the applicable Regulations and payments will be within the permissible ceilings on expenses.
L&T Midcap Fund
The investment strategy of the Scheme would be primarily to invest in mid cap equity and equity related securities as mentioned in the investment objective of the
Scheme. The Scheme will invest in a universe of stocks, which has been arrived at using various ?lters like management quality, liquidity, competitive position and
valuations. Using various analytical tools, management meetings and so on, the universe is continuously updated by our investment team. The strategy will be to build
up diversi?ed portfolio of quality stocks, with medium to long term potential.
The Benchmark Index will be CNX Midcap Index. The Scheme proposes to invest at least 80% of the corpus in equity and equity related instruments. However, upon
defensive considerations, this allocation could be reduced below 80% and correspondingly the allocation in debt and money market instruments will be increased. All
investments made by the scheme will be made in accordance with SEBI (Mutual Funds) Regulations, 1996.
• The overall portfolio structuring would aim at controlling risk at moderate level. Security speci?c risk will be minimized by investing only on those companies
that have been thoroughly researched in-house. Risk will also be managed through broad diversi?cation of the portfolios within the framework of the Schemes’
investment objective and policies.
22
page 22
Investment Strategies of the Schemes
L&T Midcap Fund
(contd.)
• The AMC will follow a structured investment process in order to identify the best securities for investment and has developed an internal research framework for
consistently examining all securities which will focus on the follow key factors:
• Management quality, strategy and vision
• Business dynamics
• Financial strength of the company
• Free cash ?ow generation
• Returns on capital employed and returns on equity
• Credit Rating for the instrument in case of Debt instruments
Investment decisions are made by the Fund Manager of the Scheme. The Investment committee comprising the Fund Mangers and Investment Analyst review all
investments on a regular basis. The Committee also records justi?cation for the investments made and periodically review the investments decisions and policies with Chief
Executive Of?cer. The Board of Directors of the AMC and the Trustee Company review the performance of the scheme vis-à-vis similar schemes of other mutual funds.
L&T Tax Saver Fund The Scheme will endeavour to generate superior return by investing in equity and equity related instruments across the market capitalizations. The scheme will use
top-down/ bottom-up stock selection to build its portfolio.
The risks of the Scheme would be managed by adequate diversi?cation i.e., by spreading investments over a range of industries and companies.
The investment strategy of the AMC is directed to investing in stocks, which, in the opinion of the Investment Manager, are priced at a material discount to their
intrinsic value. Such intrinsic value is a function of both past performance and future growth prospects. The process of discovering the intrinsic value is through in-house
research supplemented by research available from other sources.
For selecting particular stocks as well as determining the potential value of such stocks, the AMC is guided, inter alia, by one or more of the following considerations:
• The ?nancial strength of the companies, as indicated by well recognized ?nancial parameters;
• Reputation of the management and track record;
• Companies that are relatively less prone to recessions or cycles, either because of the nature of their businesses or superior strategies followed by their management;
• Companies which pursue a strategy to build strong brands for their products or services and those which are capable of building strong franchises; and
• Market liquidity of the stock.
The Scheme is not restrained from investing in listed/ unlisted and/or rated/ unrated debt or money market securities, provided the investments are within the limits
indicated in the Investment Pattern Table. Investment in unrated debt securities is made with the prior approval of the Board of the AMC, provided the investment is
in terms of the parameters approved by the Board of the Trustee. Where the proposed investment is not within the parameters as mentioned above, approval of the
Boards of both the AMC and the Trustee is taken before making the investment.
The Scheme may invest in ADRs/ GDRs, if and in the manner permitted by SEBI/RBI. Such investments will be subject to obtaining regulatory approvals and in conformity
with the investment objectives of the Scheme and the prevailing guidelines and Regulations.
The Scheme may also use various derivative and hedging products from time to time, if and when and in a manner permitted by SEBI/ RBI from time to time, to reduce
the risk of the portfolio.
All investments made by the scheme will be made in accordance with SEBI (Mutual Funds) Regulations, 1996 as amended from time to time.
• The overall portfolio structuring would aim at controlling risk at moderate level. Security speci?c risk will be minimized by investing only on those companies
that have been thoroughly researched in house. Risk will also be managed through broad diversi?cation of the portfolios within the framework of the Scheme’
investment objective and policies.
• The AMC will follow a structured investment process in order to identify the best securities for investment and has developed an internal research framework for
consistently examining all securities which will focus on the follow key factors:
• Enduring business model
• Management quality
• Change in business fundamentals
• Valuation
L&T Infrastructure Fund The L&T Infrastructure Fund will invest primarily in companies that are engaged in the area of infrastructure. The industries that fall under infrastructure sector would
broadly include Banking & Financial Services, Cement & Cement Products, Capital Goods, Construction & related Industry, Electrical & Electronic components, Energy,
Engineering, Metals/ Mining/Minerals, Housing, Oil & Gas and Allied Industries, Petroleum & Related Industry, Ports, Power and Power Equipment, Telecom, Transportation.
The scheme will also use derivative instruments such as Index/stock futures or options for portfolio rebalancing, hedging and return optimization.
L&T Mutual Fund uses a system that it believes can assemble a portfolio of securities that is style neutral and that consistently outperforms traditional strategies that
focus on a single style, such as value or growth. Since the scheme is based on Infrastructure theme, the Fund Manager will focus mainly on companies that offer an
opportunity to participate in the growth of infrastructure sector.
The aim would be to select fundamentally sound companies having potential to deliver superior earnings growth in the long run. The fund manager would adopt
both Top-down and Bottom-up approach for stock selection. Under Top –down approach, the aim would be to identify industries in the infrastructure sector that can
offer long-term growth. Under bottom-up approach, the aim would be select companies with high pro?tability and scalability supported by sustainable competitive
advantages. These companies will have along-term growth prospect and will be measured on earning potential.
The Benchmark Index will be S&P CNX Nifty.
The Scheme proposes to invest at least 65% of the corpus in equity, equity-linked instruments and derivative instruments and may go upto 100% of the corpus. The
investment in debt and money market instruments will be in the range of 0-35%. All investments made by the scheme will be made in accordance with SEBI (Mutual
Funds) Regulations, 1996.
• The overall portfolio structuring would aim at controlling risk at moderate level. Security speci?c risk will be minimised by investing only on those companies
that have been thoroughly researched in-house. Risk will also be managed through broad diversi?cation of the portfolios within the framework of the Scheme'
investment objective and policies.
• The AMC will follow a structured investment process in order to identify the best securities for investment and has developed an internal research framework for
consistently examining all securities which will focus on the follow key factors:
• Enduring business model
• Management quality
• Change in business fundamentals
• Valuation
23
page 23
Investment Strategies of the Schemes
L&T Flexi Bond Fund The portfolio will be constructed and actively managed to generate returns to match the investment objective and to maintain adequate liquidity to accommodate
funds movement. Capital appreciation opportunities could be explored by extending credit and duration exposure. The fund management team will take an active view
of the interest rate movement supported by quantitative research, to include various parameters of the Indian economy, as well as developments in global markets.
Investment views/decisions will be a combination of credit analysis of individual exposures and analysis of macro economic factors to estimate the direction of interest
rates and level of liquidity and will be taken, inter alia, on the basis of the following parameters:
1. Prevailing interest rate scenario
2. Returns offered relative to alternative investment opportunities.
3. Quality of the security/instrument (including the ?nancial health of the issuer)
4. Maturity pro?le of the instrument
5. Liquidity of the security
6. Any other factors considered relevant in the opinion of the fund management team.
The fund management team, supported by credit research group will generally adopt a bottom-up approach for securities identi? cation to optimise the risk adjusted
returns on the diversi? ed portfolio. The credit quality of the portfolio will be maintained and monitored using the in-house research capabilities as well as the inputs
from the independent credit rating agencies.
The Scheme may invest in derivatives upto 100% of the net assets of the Scheme for the purpose of hedging and portfolio balancing purposes. Hedging does not
mean maximization of returns but only attempts to reduce systemic or market risk that may be inherent in the investment.
The Scheme may also invest in permitted offshore instruments for diversi?cation.
L&T Short Term Income
Fund
The portfolio will be constructed and actively managed to generate returns to match the investment objective and to maintain adequate liquidity to accommodate
funds movement.
The fund management team will take an active view of the interest rate movement supported by quantitative research, to include various parameters of the Indian
economy, as well as developments in global markets. Investment views/decisions will be a combination of credit analysis of individual exposures and analysis of macro
economic factors to estimate the direction of interest rates and level of liquidity and will be taken, inter alia, on the basis of the following parameters:
1. Prevailing interest rate scenario
2. Returns offered relative to alternative investment opportunities.
3. Quality of the security/instrument (including the ?nancial health of the issuer)
4. Maturity pro?le of the instrument
5. Liquidity of the security
6. Any other factors considered relevant in the opinion of the fund management team.
The fund management team, supported by credit research group will generally adopt a bottom-up approach for securities identi?cation to optimise the risk adjusted
returns on the diversi?ed portfolio. The credit quality of the portfolio will be maintained and monitored using the in-house research capabilities as well as the inputs
from the independent credit rating agencies.
The Scheme may invest upto 100% of the net assets of the Scheme in derivatives for the purpose of hedging and portfolio balancing purposes. Hedging does not
mean maximization of returns but only attempts to reduce systemic or market risk that may be inherent in the investment.
The Scheme may also invest in permitted offshore instruments for diversi?cation.
Investments in securitised debt will be done in accordance with the overall investment objective and the risk pro?le of a Fund and will primarily be for the purposes of
achieving portfolio diversi?cation and optimising returns.
L&T Cash Fund The portfolio will be constructed and managed to generate returns to match the investment objective and to maintain adequate liquidity to accommodate funds movement.
As the interest rate risk of the portfolio is likely to be similar to that of the money market curve, in line with the investment objective, a signi?cant proportion of the
total returns is likely to be in the form of income yield or accrual.
The fund management team, comprising credit research and quantitative research, will take an active view on the key drivers affecting the short term interest rate
movement as well as liquidity. This will include various parameters of the Indian economy, as well as developments in global markets. Investment views/decisions will
be a combination of credit analysis of individual exposures and analysis of macroeconomic factors to estimate the direction of interest rates and level of liquidity and
will be taken, inter alia, on the basis of the following parameters:
1. Prevailing interest rate scenario
2. Returns offered relative to alternative investment opportunities
3. Quality of the security/instrument (including the ?nancial health of the issuer)
4. Maturity pro?le of the instrument
5. Liquidity of the security
6. Any other factors considered relevant in the opinion of the fund management team.
The fund management team, supported by credit research group will generally adopt a bottom-up approach for securities identi? cation to optimise the risk adjusted
returns on the diversi? ed portfolio. The credit quality of the portfolio will be maintained and monitored using the in-house research capabilities as well as the inputs
from the independent credit rating agencies.
The Scheme may invest in derivatives up to 100% of the net assets of the Scheme for the purpose of hedging and portfolio balancing purposes. Hedging does not
mean maximization of returns but only attempts to reduce systemic or market risk that may be inherent in the investment.
The Scheme may also invest in permitted offshore instruments for diversi?cation.
L&T Low Duration Fund The portfolio will be constructed and actively managed to generate returns to match the investment objective and to maintain adequate liquidity to accommodate funds
movement. As the interest rate risk of the portfolio is likely to be similar to that of the shorter end of the maturity spectrum, in line with the investment objective, a
signi?cant proportion of the total returns is likely to be in the form of income yield or accrual. Selective capital appreciation opportunities could be explored by extending
credit and duration exposure above that offered by a cash fund.
The fund management team will take an active view of the interest rate movement supported by quantitative research, to include various parameters of the Indian
economy, as well as developments in global markets. Investment views/decisions will be a combination of credit analysis of individual exposures and analysis of macro
economic factors to estimate the direction of interest rates and level of liquidity and will be taken, inter alia, on the basis of the following parameters:
1. Prevailing interest rate scenario
2. Returns offered relative to alternative investment opportunities.
3. Quality of the security/instrument (including the ?nancial health of the issuer)
4. Maturity pro?le of the instrument
5. Liquidity of the security
6. Any other factors considered relevant in the opinion of the fund management team.
The fund management team, supported by credit research group will generally adopt a bottom-up approach for securities identi? cation to optimise the risk adjusted
returns on the diversi? ed portfolio. The credit quality of the portfolio will be maintained and monitored using the in-house research capabilities as well as the inputs
from the independent credit rating agencies.
The Scheme may invest upto 100% of the net assets of the Scheme in derivatives for the purpose of hedging and portfolio balancing purposes. Hedging does not
mean maximization of returns but only attempts to reduce systemic or market risk that may be inherent in the investment.
The Scheme may also invest in permitted offshore instruments for diversi?cation.
L&T Global Real Assets
Fund
The Scheme will invest in the Underlying Scheme which in turn will primarily invest (at least 70%) in equity securities of companies across the world that provide
exposure to commodities, property, industrials, utilities, energy, materials and infrastructure. The
fund manager of the Underlying Scheme is free to select any company regardless of size, industry or location.
The aim of the Underlying Scheme is to provide investors with long-term capital growth from diversi?ed portfolio of securities.
24
page 24
Investment Strategies of the Schemes
L&T Triple Ace Bond Fund
The composition of the portfolio would be designed in such a manner so as to achieve the maximum return, while minimizing the overall risk. The choice of the
instruments would also be in accordance with this objective. It may be understood that there is a trade-off between risk and return in investments. The return on a
security usually increases with an increase in risk. Given the trade-off, the priority of the Scheme is to minimise the risk, even while trying to achieve the maximum
returns. Since the securities with the highest credit rating should have the least risk, the investments is made predominantly in corporate securities (bonds, debentures &
commercial papers) with a credit rating of “AAA” ascribed by CRISIL or an equivalent credit rating assigned by other agencies. The Scheme may also invest in privately
placed debt of such AAA rated companies.
The Scheme would invest mainly in the rated corporate securities. However, the absence of the desirable depth in the secondary market for corporate securities may
restrict the pace of investments through the secondary market. Therefore, the funds of the Scheme could be invested in money market instruments like government
securities, call money, commercial paper etc. The Scheme would invest in bonds/debentures or any other ?xed income securities at least to an extent of 80% of the
corpus. The balance will be invested in money market instruments of high quality.
• The overall portfolio structuring would aim at controlling risk at moderate level. Security speci?c risk will be minimised by investing only in those companies that
have been thoroughly researched in-house. Risk will also be managed through broad diversi?cation of the portfolio within the framework of the Scheme’s investment
objective and policies.
• The AMC will follow a structured investment process in order to identify the best securities for investment and has developed an internal research framework for
consistently examining all securities which will focus on the following key factors:
• Management quality, strategy and vision
• Business dynamics
• Financial strength of the Company
• Free cash ?ow generation
• Returns on capital employed and returns on equity
• Credit rating
L&T Monthly Income Plan
The overall portfolio structuring would aim at controlling risk at moderate level. Stock speci?c risk will be minimized by investing only in those companies that have
been thoroughly researched in-house. Risk will also be managed through broad diversi?cation of the portfolios within the framework of the Schemes’ investment
objective and policies.
The Fund Management team endeavors to meet the investment objective whilst maintaining a balance between safety, liquidity and return on investments. With a view
to maintain low to medium risk, the Schemes may focus on short to medium-term securities. The Schemes shall be actively managed and the Fund Management team
may endeavor to generate superior returns whilst moderating credit and interest rate risk. The Fund Manager shall formulate a view of the interest rate movement
based on various parameters of the Indian economy, as well as developments in global markets. Investment views/ decisions inter alia may be taken on the basis of
the following parameters:
• Returns offered relative to alternative investment opportunities.
• Liquidity of the security
• Prevailing interest rate scenario
• Quality of the security/instrument (including the ?nancial health of the issuer)
• Maturity pro?le of the instrument
• Management quality, strategy and vision
• Business dynamics
• Financial strength of the company
• Free cash ?ow generation
• Returns on capital employed and returns on equity
• Intangible assets such as brands, distribution etc.
• Valuation in relation to the history of the stock as well as its peer group.
• Any other factors considered relevant in the opinion of the Fund Management team.
The Scheme may also use derivatives to reduce the volatility of the portfolio and/or to enhance the portfolio returns. The Scheme may try to identify securities that
yield relative value over others for similar risk and liquidity level. Various analytical tools like yield curve analysis, spreads between asset classes, horizon returns, forward
implied interest rates, may be deployed to evaluate various investment options. Investments in debt instruments carry various risks like interest rate risk, liquidity risk,
default risk, reinvestment risk etc. Whilst these cannot be done away with, they may be minimized by diversi?cation and effective use of hedging techniques.
Other than investing in overseas securities, the Scheme may use techniques and instruments such as futures and options, warrants etc. to hedge the risk of ?uctuations
in the value of the investment portfolio. The scheme may enter into derivatives transactions in a recognized stock exchange for the purpose of hedging and portfolio
balancing in accordance with the guidelines issued by SEBI. These derivative instruments will include interest rate swaps, forward rate agreements, interest rate futures,
index and stock futures and options or any other derivative instruments that are permissible or may be permissible in future under applicable regulations.
Using Index Futures to increase percentage investments in equities:
This strategy will be used for the purpose of generating returns on idle cash, pending its investment in equities. The Scheme is open ended in nature and subject to
daily in?ows. There may be a time lag between the in?ow of funds and their deployment in equities. If so desired, the Investment Manager would be able to take
immediate exposure to equities via index futures. The position in index futures may be reversed in a phased manner, as the funds are deployed in the equity markets.
Using Index Futures to decrease percentage investments in equities:
Similarly, in the case of a pending out?ow of funds or where a negative view is taken on the market, the Investment Manager, in order to reduce exposure in equities
may ‘sell the index forward’ by taking a short position in index Futures. This position can be unwound over a period in time by simultaneously selling the equity shares
from the investment portfolio of the Scheme. Since the price of the futures contracts is expected to be positively correlated with the index, the value of a short position
will move in the direction opposite to the movement in the index. The strategy of taking a short position in the index future is a hedging strategy and reduces the
market risk and volatility of the portfolio.
Portfolio Protection Using Index Put And Stock Put Options
The purchase of an index put option gives the scheme the option of selling the index to the writer of the put at a predetermined level of the index, called the strike
price. If the index falls below this level, the scheme bene?ts from the rise in the value of the put option.
Similarly, as a stock hedging strategy, the purchase of a put option on the underlying stock would give the scheme the option to sell the stock to the writer of the
option at the predetermined strike price. This would lead to a capping of the loss in value of a stock. The contract value of options on individual stocks will be limited
to 5% of the net assets of the Scheme.
L&T MIP - Wealth Builder
Fund
Investment Strategies for Equity Portion of the Portfolio
The Scheme will invest in diversi?ed portfolio of equity and equity related instruments to generate returns. The Scheme will invest in a universe of stocks, which will
be identi?ed using fundamental analysis. The Scheme will invest in a portfolio of both value and growth stocks. The strategy will be to build up diversi?ed portfolio
of quality stocks, with medium to long term potential.
The Scheme proposes to invest upto 30% of the corpus in equity and equity related instruments.
• The overall portfolio structuring would aim at controlling risk at moderate level. Security speci?c risk will be minimised by investing only on those companies
that have been thoroughly researched inhouse. Risk will also be managed through broad diversi?cation of the portfolios within the framework of the Schemes’
investment objective and policies.
• The AMC will follow a structured investment process in order to identify the securities for investment and has developed an internal research framework for
consistently examining all securities which will focus on the follow key factors:
1. Management quality, strategy and vision
25
page 25
Investment Strategies of the Schemes
L&T MIP - Wealth Builder
Fund
(contd.)
2. Business dynamics
3. Financial strength of the company
4. Free cash ?ow generation
5. Returns on capital employed and returns on equity
Investment decisions are made by the Fund Manager(s) of the Scheme. The Chief Executive Of?cer and an Investment Committee comprising of the Fund Manager
and Research Analyst shall review all the investments on a regular basis. The Committee also records justi?cation for the investments made. The Board of Directors of
the AMC and the Trustee Company shall review investments and performance of the scheme vis-à-vis similar schemes of other mutual funds on quarterly basis. All
investments made by the scheme will be made in accordance with SEBI (Mutual Funds) Regulations, 1996, as amended from time to time.
Investment Strategies for Debt Portion of the Portfolio
The Fund Management team endeavours to meet the investment objective whilst maintaining a balance between safety, liquidity and return on investments. With a
view to maintain low to medium risk, the Scheme may focus on short to medium-term securities. The Scheme shall be actively managed and the Fund Management
team may endeavor to generate superior returns whilst moderating credit and interest rate risk. The Fund Manager shall formulate a view of the interest rate movement
based on various parameters of the Indian economy, as well as developments in global markets. Investment views/ decisions inter alia may be taken on the basis of
the following parameters:
1. Returns offered relative to alternative investment opportunities.
2. Liquidity of the security
3. Prevailing interest rate scenario
4. Quality of the security/instrument (including the ?nancial health of the issuer)
5. Maturity pro?le of the instrument
6. Credit Rating for the instrument
7. Any other factors considered relevant in the opinion of the Fund Management team.
L&T Floating Rate Fund
In line with the investment objective of the Scheme, the investments would be made predominately in a portfolio comprising substantially of ?oating rate debt/money
market instruments, ?xed rate debt/money market instruments swapped for ?oating rate returns, and ?xed rate debt securities, Government securities and money
market instruments.
The Investment Manager would apply multiple objective criteria for selection of securities in the portfolio. These criteria would include yield, credit rating, tenure,
liquidity and value added features of the instrument.
The aim of the investment strategy is to generate reasonable returns with investment in securities predominantly with short term maturity/reset period and with a low
risk, particularly minimal interest rate risk. The domestic debt markets are maturing rapidly with liquidity emerging in various debt segments through the introduction of
new instruments and investors. The development of the derivatives markets, particularly Swaps and Forward Rate Agreements (FRAs) have made the environment more
dynamic and have provided the opportunity to manage interest rate more actively. The aim of the Investment Manager will be to allocate the assets of the Scheme
between various ?xed interest rate securities and ?oating interest rate securities and use derivatives like Swaps and FRAs effectively with the objective of achieving
reasonable returns.
In the absence of ?oating rate securities, the same can be created synthetically with a combination of derivatives like Interest Rate Swaps and FRAs and ?xed interest
rate securities. The ?xed income derivatives market has developed considerably during the last 5 years in India. The Scheme intends to use derivatives as permitted by
RBI/SEBI for hedging interest rate risk. The actual percentage of investments in various ?oating and ?xed interest rate securities and the position of derivatives will be
decided after considering the prevailing market conditions, economic environment (including interest rates and in?ation), the performance of the corporate sector and
general liquidity as well as other considerations in the economy and markets.
Investment decisions are made by the Fund Manager(s). The Investment committee comprises of the Fund Manager (Debt) and Fund Manger (Equity), Research/ Credit
Analyst. The scheme's investments shall be reviewed on daily basis by the Fund Manager. The Committee also records justi?cation for the investments made and
periodically review the investments decisions and policies with Chief Executive Of?cer of the AMC. The Board of Directors of the AMC and the Trustee Company review
all investments made during a quarter and performance of the scheme vis-à-vis similar schemes of other mutual funds are also compared.
L&T Gilt Fund
The Fund Management team endeavors’ to meet the investment objective whilst maintaining a balance between safety, liquidity and the pro?tability aspect of various
investments. The Scheme shall be actively managed and the Fund Management team shall formulate active view of the interest rate movement by monitoring various
parameters of the Indian economy, as well as developments in global markets. Investment views/decisions interalia may be taken on the basis of the following parameters:
1. Prevailing interest rate scenario
2. Returns offered relative to alternative investment opportunities.
3. Quality of the security/instrument (including the ?nancial health of the issuer)
4. Maturity pro?le of the instrument
5. Liquidity of the security
6. Any other factors considered relevant in the opinion of the Fund
L&T Liquid Fund
The Fund Management team endeavors to meet the investment objective whilst maintaining a balance between safety, liquidity and the pro?tability aspect of various
investments. The aim of the investment strategy is to generate stable returns both in the short term and long term with a low risk, particularly minimal interest rate
risk strategy. The Scheme shall be actively managed and the Fund Management team shall formulate an active view of the interest rate movement by monitoring
various parameters of the Indian economy, as well as developments in global markets. Investments in debt instruments carry various risks like interest rate risk, liquidity
risk, default risk, reinvestment risk etc. Whilst these cannot be done away with, they may be minimized by diversi?cation and effective use of hedging techniques. The
Scheme may invest in short term deposits of scheduled commercial banks and in accordance with SEBI circulars issued from time to time. The Scheme may also enter
into repurchase and reverse repurchase obligations in all securities held by it as per the guidelines and regulations applicable to such transactions.
Investment views/decisions interalia may be taken on the basis of the following parameters:
1. Liquidity of the security
2. Quality of the security/instrument (including the ?nancial health of the issuer)
3. Maturity pro?le of the instrument
4. Returns offered relative to alternative investment opportunities.
5. Prevailing interest rate scenario
6. Any other factors considered relevant in the opinion of the Fund Management team.
The Scheme may also use derivatives to reduce the volatility of the portfolio and/or to enhance the portfolio returns. The Scheme may try to identify securities that
yield relative value over others for similar risk and liquidity level. Various analytical tools like yield curve analysis, spreads between asset classes, horizon returns, forward
implied interest rates, may be deployed to evaluate various investment options. Debt securities (in the form of ?oating rate bond/notes, nonconvertible debentures,
bonds, secured premium notes, zero coupon bonds, deep discount bonds, securitized debt, pass through certi?cates, asset backed securities, mortgage backed securities
and any other domestic ?xed income/debt securities including structured obligations etc.)
L&T Ultra Short Term Fund
In line with the investment objective, the investments are being made in ?xed income securities including money market instruments with low to moderate risk. The
Investment Manager would apply multiple, objective criteria for selection of securities in the portfolio. These criteria would include yield, credit rating, tenure, liquidity
and value added features of the instrument.
The composition of the portfolio is designed in such a manner so as to achieve the maximum return, while minimizing the overall risk. The choice of the instruments
is in accordance with the objective of the Scheme.
It may be understood that there is a trade-off between risk and return in investments. The return on a security usually increases with an increase in risk. Given the
trade-off, the priority of the scheme is to minimize the risk, even while trying to achieve the maximum returns.
The scheme would invest in bonds issued by Government and corporate, money market instruments, debentures and other debt securities. The Scheme may invest
100% in money market instruments of high quality.
All investment made will be governed by the SEBI guidelines, as amended from time to time. The Benchmark will be CRISIL Liquid Fund Index.
26
page 26
Investment Strategies of the Schemes
L&T Income Opportunities
Fund
The Scheme seeks to generate regular returns and capital appreciation by investing in debt (including securitized debt), government and money market securities.
The actual percentage of investment in various ?xed income securities will be decided after considering the economic environment (including interest rates and in?ation),
the performance of the corporate sector and general liquidity, prevailing political conditions and other considerations in the economy and markets. Also the Fund
Manager will generally be guided by, but not restrained by, the ratings announced by various rating agencies on the assets in the portfolio.
All investments made by the scheme will be made in accordance with SEBI (Mutual Fund) Regulations, 1996.
• The overall portfolio structuring would aim at controlling risk at moderate level. Security speci?c risk will be minimised by investing only on those companies
that have been thoroughly researched in-house. Risk will also be managed through broad diversi?cation of the portfolios within the framework of the Scheme’
investment objective and policies.
• The AMC will follow a structured investment process in order to identify the best securities for investment and has developed an internal research framework for
consistently examining all securities.
• The scheme will invest in “Non Convertible Debentures”, which are rated by at least one rating agency.
L&T Short Term
Opportunities Fund
The objective of the Scheme is to generate returns with moderate level of risk by investing primarily in Debt Securities and Money Market Instruments of short term
maturity, and accordingly, at least 65% of the portfolio would be invested in Debt and Money Market Instruments with residual maturity upto 24 months. The portfolio
average maturity shall not exceed 3 years and construction of portfolio would be in a basket of short to medium term securities of various tenors as per yield curve
dynamics and interest rate view.
The Scheme shall follow an active duration management strategy.
The fund manager shall manage the fund based on the outlook on interest rates and liquidity etc. Ef?cient portfolio construction shall be used to manage interest rate
risk and credit risk across different asset class and duration buckets, and optimize risk-adjusted returns.
The Scheme may use debt derivative instruments like interest rate swaps like Overnight Indexed Swaps
(“OIS”), forward rate agreements, interest rate futures or such other derivative instruments as may be permitted under the applicable regulations. Derivatives may be
used for the purpose of hedging, and portfolio balancing and such other purpose as may be permitted under the Regulations and Guidelines from time to time. The
fund manager/s shall actively monitor and review markets and portfolios so that necessary rebalancing of the portfolios can be done.
27
page 27
Comparison with Other schemes
Name of the Scheme
Investment strategy - Equity Schemes
L&T Equity Fund
The scheme is a diversi?ed open-ended equity scheme that predominantly invests in the Indian markets without any sector or market cap bias. The scheme does not
have any style bias. The investment approach is bottom up stock picking.
L&T Tax Advantage Fund
The scheme is an equity linked savings scheme as per the Equity Linked Savings Scheme, 2005 noti?ed by Ministry of Finance (Department of Economic Affairs). The scheme
is a diversi?ed equity scheme with a mandatory 3 year lock in period. The scheme will predominantly invest in the Indian markets without any sector or market cap bias.
L&T India Special
Situations Fund
The scheme is a diversi?ed, thematic open-ended equity scheme. The key theme focus is seeking investment opportunities in companies that could be facing situations
that are out of the ordinary ('Special Situations"). The type of companies which falls within the scope of such Special Situations include but are not limited to;
– companies with recovery potential.
– companies whose growth potential, may not be fully recognised by the market.
– companies with hidden/undervalued assets whose value, may not be fully recognised by the market.
– companies with interesting product pipelines which could offer good earnings potential.
– companies undertaking corporate restructuring.
– companies which could be potential candidates for mergers and acquisitions related activities.
Such investments will be made across sectors and market caps.
L&T Indo Asia Fund
The scheme is a diversi?ed open-ended equity scheme that invests in equity and equity related instruments of companies in the Indian and international markets, without
any sector or market cap bias. The fund managers expect to have a high focus on opportunities within the Asia Paci?c region including India.
L&T India Large Cap Fund
The scheme is a diversi?ed, open-ended, growth style bias equity scheme that invests largely in growth oriented companies across sectors and market cap. Such companies
include companies that offer the best value relative to their respective long-term growth prospects, returns in capital and management quality.
L&T India Value Fund
The scheme is a diversi?ed, open-ended, value style bias equity fund that invests largely in under valued companies across sectors and market caps. Such companies
include companies whose shares, as per fund managers' analysis, are trading at less than their assessed values.
L&T India Prudence Fund
The fund is an open ended equity growth fund that invests predominantly into equity and equity related instruments and investments approach is bottom-up stock picking.
L&T India Equity and Gold
Fund
The fund is an open ended equity growth fund that invests predominantly into equity and equity related instruments and also additionally invest in domestic Gold ETFs.
L&T Midcap Fund
The Scheme seeks to generate return by investing primarily in midcap stocks as per the investment objective and asset allocation. The scheme will invest primarily in
companies whose market capitalization falls between the highest and the lowest constituent of the CNX Midcap Index.
L&T Tax Saver Fund
The Scheme follows a multi-cap investment approach i.e., the Scheme invests in a well-diversi?ed portfolio of equity & equity related instruments across all ranges of market
capitalization. The Scheme enables the investors to get income tax rebate as per the prevailing Tax Laws, subject to lock in period of 3 years from the date of allotment.
L&T Infrastructure Fund
The Scheme will predominantly invest in securities of the companies in the infrastructure sector.
Name of the Scheme
Investment strategy - Debt Schemes
L&T Flexi Bond Fund
The scheme is an open-ended income scheme that invests in debt and money market instruments to generate reasonable returns. The portfolio is constructed and
actively managed to generate returns to match the investment objective and to maintain adequate liquidity to accommodate funds movement.
L&T Cash Fund
The scheme is an open-ended liquid scheme as de?ned under the SEBI Regulations and the scheme invests only in debt/money market securities with maturity of up
to 91 days. The interest rate risk of the portfolio of the scheme is likely to be similar to that of money market curve.
L&T Low Duration Fund
The scheme is an open-ended debt scheme that invests maximum of 35% of its net assets in debt/money market instruments with average maturity greater than 1
year and minimum of 65% of its net assets in debt/money market instruments with average maturity not greater than 1 year. The interest rate risk of the portfolio is
likely to be similar to that of the shorter end of the maturity spectrum.
L&T Short Term Income
Fund
The scheme is an open-ended debt scheme that invests atleast of 65% of its net assets in debt/money market instruments with average maturity less than or equal to
2 year and maximum of 35% of its net assets in debt/money market instruments with average maturity greater than 2 years.
L&T Global Real Assets
Fund
The Scheme is a fund of funds scheme, investing in Fidelity Funds - Global Real Asset Securities Fund, an off shore fund launched by Fidelity Funds (an open ended
investment company incorporated in Luxembourg) and similar to an Indian Mutual Fund scheme.
L&T Triple Ace Bond Fund
The Scheme would invest primarily in securities rated by CRISIL or any other rating agency. Also, the Scheme invests atleast 80% of the investments in debt and
government securities.
L&T Monthly Income Plan
The Scheme carries risks associated with equities; as marginal portion is invested equity and equity related instruments.
L&T MIP - Wealth Builder
Fund
The Scheme carries risks associated with equities apart from debt; as marginal portion is invested equity and equity related instruments.
L&T Floating Rate Fund
The Scheme invests minimum of 65% of assets in Floating Rate securities & money market instruments.
L&T Gilt Fund
The Scheme as per the asset allocation pattern has to invest a minimum of 80% in Government Securities and Treasury bills.
L&T Liquid Fund
The Scheme cannot buy any Debt Securities or Money Market Instruments with maturity greater than 91 days.
L&T Ultra Short Term Fund
The Scheme can invest in a mix of Debt securities and Money Market Instruments. However, the Scheme can invest in securities having maturity of more than 91 days.
L&T Income Opportunities
Fund
The Scheme has ?exibility to invest in all debt asset classes such as ?xed income securities, ?oating rate debt securities, money market securities and other debt
instruments. Further, it can invest across various tenors ranging from short term to long term.
L&T Short Term
Opportunities Fund
The Scheme invests minimum of 75% of assets in Debt and Money Market Instruments with maturity upto 2 years and upto 25% in Debt Instruments with maturity
greater than 2 years & less than 5 years.
Risk Mitigation Factors
Equity Schemes: Investments in equity and equity related securities carry various risks such as inability to sell securities, trading volumes and settlement periods, liquidity
risk, default risk, reinvestment risk etc. Whilst such risks cannot be eliminated, they may be mitigated by diversi?cation and hedging.
Further, the portfolio of a Scheme will be constructed in accordance with the investment restrictions speci?ed under the Regulation which would help in mitigating
certain risks relating to investments in securities market.
Debt Schemes: Investments in debt instruments carry various risks such as interest rate risk, liquidity risk, default risk, reinvestment risk etc. Whilst such risks cannot be
eliminated, they may be minimized by diversi?cation and effective use of hedging.
28
page 28
Ready Reckoner For Schemes
Scheme Plans Options Dividend
Frequency
Minimum Investment
Amount (Rs.)
Cheque/DD to be drawn
in favour of
L&T Equity Fund (L&T EF) – G , DP & DR At Trustee's Discretion 5,000 L&T Equity Fund
L&T India Special Situations Fund (L&T ISSF) – G , DP & DR At Trustee's Discretion 5,000 L&T India Special Situations Fund
L&T Tax Advantage Fund (L&T TAF) – G , DP & DR At Trustee's Discretion 500 or in multiples of Rs. 500 L&T Tax Advantage Fund
L&T Indo Asia Fund (L&T IAF) – G , DP & DR At Trustee's Discretion 5,000 L&T Indo Asia Fund
L&T India Large Cap Fund (L&T ILCF) – G , DP & DR At Trustee's Discretion 5,000 L&T India Large Cap Fund
L&T India Value Fund (L&T IVF) – G , DP & DR At Trustee's Discretion 5,000 L&T India Value Fund
L&T India Prudence Fund (L&T IPF) – G , DP & DR At Trustee's Discretion 5,000 L&T India Prudence Fund
L&T India Equity and Gold Fund (L&T IEGF) – G , DP & DR At Trustee's Discretion 5,000 L&T India Equity and Gold Fund
L&T Midcap Fund – G , DP & DR At Trustee's Discretion 5,000 L&T Midcap Fund
L&T Tax Saver Fund* – G , DP & DR At Trustee's Discretion 5,000 L&T Tax Saver Fund
L&T Infrastructure Fund – G , DP & DR At Trustee's Discretion 5,000 L&T Infrastructure Fund
L&T Flexi Bond Fund (L&T FBF) Institutional G , DP & DR Monthly 5,000 L&T Flexi Bond Fund
L&T Cash Fund (L&T CF) Super Institutional G , DP & DR Daily, Weekly, Monthly 5,000 L&T Cash Fund
L&T Low Duration Fund (L&T LDF) Super Institutional G , DP & DR Daily, Weekly, Monthly 5,000 L&T Low Duration Fund
L&T Global Real Assets Fund (L&T GRAF) – G , DP & DR At Trustee's Discretion 5,000 L&T Global Real Assets Fund
L&T Short Term Income Fund (L&T STIF) – G , DP & DR Monthly 5,000 L&T Short Term Income Fund
L&T Triple Ace Bond Fund – G , QD, SAD & B Quarterly, Semi-annual: At
Trustee's Discretion
10,000 L&T Triple Ace Bond Fund
L&T Monthly Income Plan – G , MD, QD & B Monthly, Quarterly 10,000 L&T Monthly Income Plan
L&T MIP - Wealth Builder Fund – G , MD & QD Monthly, Quarterly 10,000 L&T MIP - Wealth Builder Fund
L&T Floating Rate Fund – G & D Weekly, Monthly 10,000 L&T Floating Rate Fund
L&T Gilt Fund – G & D Quarterly 10,000 L&T Gilt Fund
L&T Liquid Fund – G , WD & DDRIP Weekly For all options
(except DDRIP): 10,000
For DDRIP: 1,00,000
L&T Liquid Fund
L&T Ultra Short Term Fund – G , WD, MD,
SAD & DDRIP
Monthly, Semi-annual: At
Trustee's Discretion
For all options
(except DDRIP): 10,000
For DDRIP: 1,00,000
L&T Ultra Short Term Fund
L&T Income Opportunities Fund – G , D, QD & B Monthly, Quarterly 10,000 L&T Income Opportunities Fund
L&T Short Term Opportunities Fund – G , D, QD & B Quarterly 10,000 L&T Short Term Opportunities Fund
* In order to comply with requirements of ELSS 2005 guidelines, further subscription/switch-in into L&T Tax Saver Fund is restricted with effect from November 23, 2012.
G-Growth, DP-Dividend Payout, DR-Dividend Reinvestment.
If an investor does not clearly indicate the choice of Plan, Option or dividend frequency in the application form, the underlined Plan, Option or dividend frequency will be taken as the default option
and processed, subject to the minimum investment requirement and other conditions being ful?lled.
29
page 29
Note 1. Personal Details for Existing Unit Holders
If you have at any time in the past invested in any scheme of L&T Mutual Fund, please
furnish the name of the Sole/First Unit Holder and the Folio Number in the space provided.
Note 2. Personal Details for new Applicants
a) Please ?ll in names of all applicants. The name of the Sole /First Applicant should be
mentioned in the same manner in which it appears in the Bank Account speci?ed in
Section 4.
b) In case the applicant is a Corporate or Non-Individual investor, the Contact Person’s
name should be stated in the space provided.
c) Mode of Holding: Please specify the mode of holding for operating the folio. If
there is more than one applicant and the mode of holding is not speci?ed, it would
be treated as joint.
d) Please indicate the tax status of the sole/1st applicant at the time of investment.
Any change in status during the period of holding units should be informed to
us to ensure accurate tax treatment of income generated from the same. The
abbreviations used in this section are:
AOP-Association of Persons BOI-Body of Individuals FI-Financial Institution FII-
Foreign Institutional Investor HUF-Hindu Undivided Family PIO-Person of Indian
Origin NGO-Non Government Organisation
e) Please provide complete details of your address. Please do not ?ll in a P.O. Box
address as the same will not be updated in our records.
f) If you wish to receive account statements, annual reports and other communication
from us by post instead of e-mail, please indicate your preference by ticking the
check-box provided for this purpose.
g) It is mandatory for NRI investors to state their complete overseas address,
otherwise the application will be rejected.
Note 3. PAN and KYC Details
PAN and KYC are mandatory. Please note that a PAN (Permanent Account Number)
and KYC (Know Your Customer) compliance are mandatory for investing a lump sum or
through a SIP for switching between funds and setting up and STP (Systematic Transfer
Plan).
Your KYC status is usually indicated in your Account Statement as follows:
a) KYC Veri?ed: The KYC check is completed and you are KYC-compliant.
b) KYC Pending: Your KYC check is in progress.
c) KYC Failed: Your KYC has failed due to some de?ciencies in the forms or documents
you submitted to CVL
d) KYC Not Available: If you have not applied for KYC compliance or if you have
not submitted a copy of your KYC acknowledgement letter to us. If you need more
information, please visit www.lntmf.com.
PLEASE NOTE: All PoA (Power of Attorney) holders and Guardians have to be KYC-
compliant.
Note 4. Bank Account Details
a) Please ?ll in complete Bank Account Details of the Sole/First Applicant. This is a
mandatory requirement and applications not carrying bank account details
would be rejected.
b) We offer a direct credit facility to banks that are a part of RBI’s NEFT clearance and
settlement network. If your bank is a part of this network, you can receive dividend
and redemption payments electronically in your account.
c) Please ?ll in the MICR and IFSC codes of your bank branch in the space provided
and enclose an original cancelled cheque of your bank account. In case, if there is
a minor mismatch in the bank account number submitted by you and the account
number on the cheque, we will update the bank account number as appearing on
the cheque provided your name appears on it. If your name does not appear on the
cheque leaf, please provide additional documentation like copy of passbook, A/c
statement etc. for veri?cation.
d) If you wish to receive payments by cheque instead of direct credit, please tick the
check-box provided for this purpose.
Note 5. Investment And Payment Details
a) Please ?ll in the Scheme/Plan/Option in which you wish to invest. Please also indicate
1. Please read the Scheme Information Document carefully before investing.
2. Please furnish all information marked as ‘MANDATORY’. In the absence of any
mandatory information, your application would be rejected.
3. APPLICATIONS BY MINOR: Applications for minors should be made on their behalf
by their lawful/registered guardians and signed by them. The date of birth of the
minor, the name of the guardian and the relationship with the minor should be ?lled/
selected in the relevant space provided. If any relationship other than parents or legal
guardian is selected, the application may be rejected.
GENERAL INSTRUCTIONS
GUIDANCE NOTES
In case of court appointed legal guardian, supporting documentary evidence should
be submitted apart from the proof of date of birth.
Please enclose a suitable proof for the date of birth of the minor and relationship/
status of the guardian as father, mother or legal guardian, without which the
application may be rejected.
The minor shall be the ?rst and sole holder of the investment and the mode of
holding will be captured as 'Single' by default. Joint holder details, if any mentioned
in the application will be ignored.
the dividend frequency if dividend payout or reinvestment is chosen and the scheme
has multiple dividend frequencies.
b) Please ?ll in your investment details in the appropriate section based on your type of
investment i.e. Lumpsum or SIP.
c) If you are from a city not serviced by an Investor Service Centre, you may submit
a Demand Draft for the investment amount. Please enter the investment amount,
the DD Charges (if applicable) and the net amount. The AMC shall bear the DD
Charges incurred by an applicant for investing in all schemes except debt/?xed
income schemes launched by the Fund from time to time. The AMC shall, however,
not refund any DD charges to the investor under any circumstances.
d) TRANSACTION CHARGES:
In line with the SEBI circular dated August 22, 2011 and September 13, 2012,
for each investment application (purchase) of Rs. 10,000 or more, mutual
funds are permitted to deduct transaction charges as follows:
Rs. 150/- if you are a ?rst-time investor in mutual funds.
Rs. 100/- if you are an existing Investor in mutual funds.
Mutual Fund units will be allotted only against the net investment amount-
or less DD charges and transaction charges as applicable.
Transaction charges will be deducted only if your investment is submitted
through a distributor who has ‘opted in’ to receive transaction charges
under the product category in which the investment is being made.
Transaction charges will NOT be deducted:
If you invest at designated collection centres or at our website
www.lntmf.com and do not add a distributor’s ARN.
If you invest less than Rs. 10,000 through a distributor.
If you invest via a Switch or STP as there is no additional investment.
If you invest through any stock exchange.
e) SIP INVESTMENT
i. Please select your investment type as SIP and ?ll in the following details:
– Scheme/Plan/Option
– Dividend Frequency
– Payment details for the ?rst SIP purchase.
ii. The ?rst SIP Instalment can be paid either through a Cheque, a Demand
Draft(DD) or a Pay Order(PO). In case of payment of ?rst Instalment through DD
and PO, the Auto Debit Bank details mentioned by you must be attested by the
banker in Section 5 of the SIP Investment Form.
iii. The ?rst instalment cheque should be dated with the date of submission of the
Application Form.
The second and subsequent Instalment has to be at least 30 days after the date
of the ?rst SIP Instalment.
iv. The Auto Debit Authorisation needs to be ?lled in and signed by the Bank
Account holders in the same order and manner in which the Bank account is
held by them.
f) Please note that the cheque should be made favouring the scheme name in which
you wish to invest.
g) The following modes of payment are not valid and applications accompanied by
such payments may be rejected:
Outstation cheques Cash/Money Order/Postal Order Post-dated cheques
(except in case of SIP)
h) If you are an NRI Investor please indicate source of funds for your investment. If you
are seeking repatriation of your redemption proceeds, please enclose an Account
Debit Certi?cate con?rming payment from an NRE Account or a Foreign Inward
Remittance Certi?cate con?rming inward remittance of funds for the purpose of
investment.
i) L&T Mutual Fund does not accept mutual fund subscriptions with Third Party
payments. The ?rst holder of the mutual fund folio has to be one of the joint holders
of the bank account from which the payment is made. If your cheque does not
mention the name(s) of the bank account holders, please provide a self attested copy
30
page 30
GUIDANCE NOTES (CONTD.)
of your bank pass book/bank statement or a letter from your banker con?rming that
the ?rst unit holder is one of the joint holders of the bank account.
Where a payment is through a DD, a bank certi?cation of bank account details used
for DD issuance in the prescribed format should be attached.
j) In the following circumstances, the payment will not be considered as 3rd party:
– Payment by Parents/Grand-Parents/Related persons on behalf of a minor (other
than the registered guardian) in consideration of natural love and aff ection
or as a gift, provided the purchase value is less than or equal to Rs. 50,000
and KYC is completed for the registered guardian and the person making the
payment. Additional declaration in the prescribed format signed by the guardian
and parents/grand-parents/related persons should be submitted. However, if
the purchase/SIP instalment value exceeds Rs. 50,000, the application will be
rejected.
– Payment by an employer on behalf of Employee Systematic Investment Plans
or lump sum/one-time subscription through payroll deductions, provided both
employee and employer are KYC-compliant. Additional declaration in the
prescribed format is also required alongwith the application form.
– Custodian on behalf of an FII or a Client provided KYC is completed for the
Investor and Custodian.
Additional declaration in the prescribed format is also required along with the
application form.
Reason for Investment:
We help you to record the ?nancial goal you are investing for. You can specify one
goal for a scheme. If you have earlier ?lled in a reason to save in a particular scheme
in a folio and choose a different reason while ?lling in this form, we will over-write
the earlier reason. If you wish to keep your investments separate, you can choose to
make the investment in a different folio.
Note 6. Nomination Details
As per SEBI regulations, you can name a maximum of 3 nominees per investment to
whom the amount will be payable on death of the sole or all unit holders as the case
may be.
Please note that it is mandatory to indicate your nomination preference. If you wish to
appoint a nominee for your investments, please tick the “YES” check-box provided for
the purpose and ?ll-in the details of the nominee in the "Nomination Details" section. If
you do not wish to appoint a nominee, please indicate your preference to not nominate
by ticking the “NO” check-box and strike off the space provided in Section 6 to enter
Nominee details. In either case, please sign in the space provided at the bottom of Section
6 of the form.
a) The nomination can be made only by individuals applying for/holding units on their
own, singly or jointly. Non-individuals including society, Trust, body corporate,
partnership ?rm, Karta of HUF, holder of POA cannot nominate. Only unit holders
can sign nomination registration/cancellation requests. PoA holders cannot sign the
nomination registration/cancellation request.
b) A minor can be nominated and the name and address of the guardian should
be provided by the unit holder. Nomination can also be in favour of the Central
Government, State Government, a local authority, any person designated by virtue
of his of? ce or a religious or charitable trust.
c) The Nominee shall not be a Trust (other than a religious or charitable trust), society,
body corporate, partnership ?rm, Karta of HUF or a PoA holder. A non-resident
Indian can be a Nominee subject to the exchange control regulations in force, from
time to time.
d) Nomination in respect of the units stands rescinded or revoked upon the transfer of
units.
e) Transfer of units in favour of a Nominee shall be valid discharge by the AMC against
the legal heir.
f) A nomination can be cancelled only by individuals who hold units on their own,
singly or jointly or under “anyone or survivor” capacity and who made the original
nomination. Even if the mode of holding is “anyone or survivor”, all unit holders
should sign the nominee registration/cancellation request. On cancellation of
the nomination, the nomination will stand rescinded or revoked and the asset
management company will not be under any obligation to transfer the units in
favour of the Nominee.
g) In the event of the unit holders not indicating the percentage of allocation/share for
each of the nominees, the AMC, by invoking the default option will settle the claim
equally amongst all the nominees.
h) Signature of the nominee or the guardian (in case nominee is a minor) should be
furnished in the space provided.
i) Nominee details will be recorded at a folio level and will apply for all investments in
that folio.
j) To add more than one nominee please use the nomination form available at our IScs
and on our website.
Note 7. Declaration And Signatures
a) All signatures should be in English or any Indian language. Thumb impressions
should be from the left hand for males and the right hand for females and in all
cases be attested by a Magistrate, Notary Public or Special Executive Magistrate.
b) If the application form is signed by a Power of Attorney (PoA) holder, the form
should be accompanied by a notarised photocopy of the PoA. Alternatively, the
original PoA can be submitted, which will be returned after veri?cation. If the PoA is
not received within 30 days from the date of the application, the Application Form
will be rejected.
c) In case of corporates or any non-individual investors, a list of authorised signatories
should be submitted within 7 days of submitting the application form or of any
change in the status of any authorised signatory.
31
page 31
L&T Investment Management Limited - Investor Service Centres
Ahmedabad : 301, Raindrops Building, Opp. Cargo Motors, C. G. Road, Ellis Bridge, Ahmedabad-380 006.
Bengaluru : #205-207, 2nd ?oor, Phoenix towers, 16 & 16/1, Museum Road, Bangalore-560 025.
Chandigarh : SCO-487-488, Cabin No. 9-10,Second Floor, Sector 35 C, Chandigarh - 160 022
Chennai : 3rd Floor, Investwell Centre, 91, G.N. Chetty Road, T. Nagar, Chennai 600 017.
Cochin : 2nd Floor, Ventura, Edapally Bye pass Road, Edapally P.O., Cochin-682 024.
Indore : 118 City Centre, 570 M.G. Road, Indore-452 001.
Jaipur : 2nd Floor, Roshan Motors, Opp. Anchor Mall, Ajmer Road, Jaipur-302 006.
Kolkata : 408, 4th ?oor, Azimganj House, 7, Camac Street, Kolkata-700 017.
Lucknow : Of?ce No. 104, 1st Floor, Sky High Chambers, 5 Park Road, Lucknow-226 001.
Mumbai (HO) : 6th Floor, Mafatlal Centre, Nariman Point, Mumbai-400 021.
Nagpur : Chamber No. S3 ,Yoshoda Apartment, Plot No.20, Near Mata Mandir, Dharampeth, Nagpur-440 010.
New Delhi : 6th Floor, DCM Building, 16, Barakhambha Road,Connaught Place, New Delhi-110 001.
Patna : 3004, 3rd Floor, Grand Plaza, Fraser Road, Near Dakbunglow Chowraha, Patna-800 001.
Pune : Unit No. 406, 4th Floor, Nucleus Mall, 1, Church Road, Camp, Pune-411 001.
Secunderabad : No 1-8-304-307, 3rd Floor, Kamala Towers, Pattigadda Street No 1, (above Mody Ford showroom), Begumpet, Secunderabad-500 003.
Surat : Ground Floor, “C” wing, Of?ce No. G-9, ITC Building, Majuragate, Surat-395 002.
L&T Investment Management Limited - Sales Of?ces
Agra : Shop No. F, C-6, Block No. 41/4B, Friends Tower, Sanjay Place, Agra-282 002.
Allahabad : Shop No.5, AnnantRaj Plaza, 132 B/28, Mahatma Gandhi Marg (opposite Rana Jewellers), Civil Lines, Allahabad-211 001
Amritsar : S.C.O 25, Mezzan?ne Floor, Distt. Shopp?ng Complex, Ranj?t Avenue B-Block, Amr?tsar-143 001.
Bhavnagar : Shop No. FF-5, Gopi Arcade, Waghawadi Road, Bhavnagar-364 002.
Bhopal : 2nd Floor, 131/3 M P Nagar, Major Shopping Centre, Zone II, Scheme No 30, Bhopal-462 011.
Bhubaneshwar : Plot No. 428/3818, 2nd Floor, Eastern Block, Jaydev Nagar, Near Lewis Road, Bhubaneshwar-751 002.
Coimbatore : Kovai Towers, 2nd Floor, 44, Balasundram Road, (RTO Of?ce Road), Coimbatore-641 018.
Cuttack : Manisha Plaza, Plot No-1050, 1st Floor, Link Road, Arundaya Market, Cuttack-753 012.
Dehradun : Ground Floor - 23, Sri Radha Palace, 78, Rajpur Road, Opp. Pizza Hut, Dehradun-248 001.
Dhanbad : 1st Floor, Rathod Mansion, Bank More, Below UCO Bank, Dhanbad-826 001.
Durgapur : B-27, Biplabi Rashbihari Basu Sarani, Bidhan Nagar, Sector 2 A, Durgapur-713 212.
Goa : 5th Floor, Naik Villa, Dr. Dada Vaidya Road, Opp. Sakhardande Apts., Panjim, Goa 403 001.
Gorakhpur : Shop No 20, 2nd Floor, Cross Road, The Mall, Bank Road, Gorakhpur-273 001.
Gwalior : 2nd Floor, J.J. Plaza, Huzrat Chauraha, Lashkar, Gwalior-474 001.
Guwahati : Milanpur Road, Bamuni Maidan, Guwahati-781 021.
Hubli : 1st Floor, W.B.Plaza, Opp. Traf?c Police Station, New Cotton Market, Hubli-580 029.
Jalandhar : SCO 3, 2nd Floor, Puda, Opp. Hotel International, Jalandhar-144 001.
Jammu : 70D/C, Gandhi Nagar, Near Valmiki Chowk, Jammu-180 004.
Jamnagar : G-43, Ground Floor, Madhav Plaza, Opp SBI Bank, Near Lal Bunglow, Jamnagar-361 001.
Jamshedpur : Shop No.5, Ground Floor, R R Square, Bistupur, Jamshedpur-831 001.
Jodhpur : 2nd Floor, DhanLaxmi Tower, Above IDBI Bank, Chopasni Road, Sardarpura, Jodhpur-342 001.
Kanpur : 717, 7th Floor, Kan Chambers, 14/113 Civil Lines, Kanpur-208 001.
Kolhapur : Anant Towers, 1st Floor, Skys extension, Rajarampuri Road, Kolhapur-416 008.
Ludhiana : 5th Floor, SCO - 122, Feroze Gandhi Market, Ludhiana-141 001.
Madurai : No 489, First Floor, West First Street, KK Nagar, Madurai-625 020.
Mangalore : No-14-4-511-50, 3rd Floor, Crystal-ARC, Balmata Road, Hampanakatta, Mangalore-575 001.
Meerut : 2nd Floor, Metro Arcade, Tejgarhi, Near BSNL Of?ce, Meerut-250 004.
Mysore : 1037, Devapartiva Road, Chamarajapuram, Off M G Road, Mysore-570 004.
Nashik : Shop no. 10, 1st Floor, Kapadia Commercial Complex ,Opp Janalaxmi Bank (HO), Old Agra Road, Nashik-422 001.
Raipur : 1st Floor, Of?ce No. FF 08, Avinash House, Maruti Business Park, G E Road, Raipur, Chattisgarh-492 001.
Rajkot : 1st Floor, Akshar Complex, B/h Siddhivinayak Complex, Dr. Yagnik Road, Rajkot-360 001.
Ranchi : 1st Floor,45, Garikhana, Nr. PNB, Harmu Road, Ranchi-834 001.
Rourkela : Sector - 19, L&T House, Ambagan, Rourkela-769 005.
Siliguri : C/o Sonamotors, 3rd Mile, 3rd ?oor, Sevoke Road, Siliguri-734 008.
Thiruvananthapuram : T C26/1309, 3rd ?oor, Uthradam  Building,  Panavila Junction, RBI Station Road, Thiruvananthapuram-695 001.
Trichy : 2nd Floor, Sterling Biz Park, C-86, North East Extn, Fort Station Road, Thillai Nagar, Trichy-620 018.
Vadodara : 4/1, Goverdhan Apartment, Nr. Utkarsh Petrol Pump, Muktanand Char Rasta, Karelibaug, Vadodara-390 018.
Varanasi : 2nd Floor, Of?ce No.3, Urvashi Complex, Sigra, Varanasi-221 010.
Vijaywada : Door No. 40-5-6/1, Brundavana Colony, Tikkil Road, Labbipeta, Vijaywada-520 010.
Visakhapatnam : Door No. 10-1-6, Flat No. 305, 3rd Floor, Vinayaghar Heights, Near Sampath Vinayaka Temple, Waltair Uplands, Visakhapatnam-530 003.
32
page 32
Computer Age Management Services Private Limited (CAMS)
Agartala: Advisor Chowmuhani (Ground Floor), Krishnanagar, Agartala, Agartala - 799 001. Agra: No. 8, II Floor, Maruti Tower, Sanjay Place, Agra - 282 002. Ahmedabad: 402-406, 4th
Floor - Devpath Building, Off C G Road, Behind Lal Bungalow, Ellis Bridge, Ahmedabad - 380 006. Ahmednagar: 203-A,Mutha Chambers, Old Vasant Talkies, Market Yard Road,
Ahmednagar , Ahmednagar  - 414 001 . Ajmer: AMC No. 423/30, Near Church, “Brahampuri,Opp T B Hospital“, Jaipur Road, Ajmer - 305 001. Akola: Opp. RLT Science College,
Civil Lines, Akola - 444 001. Aligarh: City Enclave, Opp. Kumar Nursing Home, Ramghat Road, Aligarh - 202 001. Allahabad: 30/2, A&B, Civil Lines Station, Besides Vishal Mega
Mart, Strachey Road, Allahabad - 211 001. Alleppey: Doctor; tower Building, Door No.14/2562 1st ?oor, North of Lorn Bridge, Near Hotel Arcadia Regency, Alleppey - 688 001.
Alwar: 256A, Scheme No:1,, Arya Nagar, Alwar - 301 001. Amaravati: 81, Gulsham Tower, 2nd Floor, Near Panchsheel Talkies, Amaravati - 444 601. Ambala: Opposite PEER,
Bal Bhavan Road, Ambala, 721 - 134 003. Amritsar: SCO - 18J, ‘ C’ Block, Ranjit Avenue, Amritsar - 143 001. Anand: 101, A.P. Tower,, B/H, Sardhar Gunj, Next to Nathwani
Chambers, Anand - 388 001. Anantapur: 15-570-33, I Floor, Pallavi Towers, Anantapur  , Anantapur  - 515 001   . Andheri: CTS No.411, CitiPoint, Gundivali, Teli Gali, Above
C.T.Chatwani Hall, Andheri - 400 069. Ankleshwar: Shop No - F -56, First Floor,Omkar Complex, Opp Old Colony, Nr Valia Char Rasta, GIDC, Ankleshwar- Bharuch  - 393 002.
Asansol: Block – G 1st Floor, P C Chatterjee Market Complex, Rambandhu Talab P. O. Ushagram, Asansol - 713 303. Aurangabad: Of?ce No. 1, 1st Floor, Amodi Complex, Juna
Bazar, Aurangabad - 431 001. Balasore: B C Sen Road, Balasore - 756 001. Bangalore: Trade Centre, 1st Floor, 45, Dikensen Road, (Next to Manipal Centre), Bangalore - 560
042. Bareilly: F-62-63, Butler Plaza,, Civil Lines, Bareilly, Bareilly - 243 001. Basti: Of?ce no 3, Ist Floor, “Jamia Shopping Complex, (Opposite Pandey School), Station Road, Basti
- 272 002. Belgaum: 1st Floor, 221/2A/1B, Vaccine Depot Road, Near 2nd Railway gate,, Tilakwadi, Belgaum - 590 006. Bellary: 60/5 Mullangi Compound, Gandhi Nagar Main
Road, (Old Gopalswamy Road), Bellary - 583 101. Berhampur: First Floor, Upstairs of Aaroon Printers, Gandhi Nagar Main Road, Orissa, Berhampur - 760 001. Bhagalpur: Krishna,
I Floor, Near Mahadev Cinema, Dr. R. P. Road, Bhagalpur - 812 002. Bharuch: F-108, Rangoli Complex, Station Road, Bharuch - 392 001. Bhatinda: 2907 GH,GT Road, Near Zila
Parishad, Bhatinda - 151 001. Bhavnagar: 305-306, Sterling Point, Waghawadi Road, OPP. HDFC Bank, Bhavnagar - 364 002. Bhilai: 209, Khichariya Complex, Opp IDBI Bank,
Nehru Nagar Square, Bhilai - 490 020. Bhilwara: Indraparstha tower, Second ?oor, Shyam ki sabji mandi, Near Mukharji garden, Bhilwara - 311 001. Bhopal: Plot no 10, 2nd
Floor, Alankar Complex, Near ICICI Bank, MP Nagar, Zone II, Bhopal - 462 011. Bhubaneswar: Plot No - 111, Varaha Complex Building, 3rd Floor, Station Square, Kharvel Nagar,Unit
3, Bhubaneswar - 751 001. Bhuj: Data Solution, Of?ce No:17, I st Floor, Municipal Building Opp Hotel Prince, Station Road, Bhuj - Kutch - 370 001. Bhusawal: 3, Adelade
Apartment, Christain Mohala, Behind Gulshan-E-Iran Hotel, Amardeep Talkies Road, Bhusawal, Bhusawal - 425 201. Bikaner: F 4,5 Bothra Complex, Modern Market, Bikaner,
Bikaner - 334 001. Bilaspur: Beside HDFC Bank, Link Road, Bilaspur, Bilaspur - 495 001 . Bokaro: Mazzanine Floor, F-4, City Centre, Sector 4,, Bokaro Steel City, Bokaro - 827
004. Burdwan: 399, G T Road, Basement of Talk of the Town, Burdwan - 713 101. Calicut: 29/97G 2nd Floor, Gulf Air Building, Mavoor Road, Arayidathupalam,, Calicut - 673
016. Chandigarh: Deepak Tower, SCO 154-155,1st Floor, Sector 17-C, Chandigarh - 160 017. Chennai: Ground Floor No.178/10, Kodambakkam High Road, Opp. Hotel Palmgrove,
Nungambakkam, Chennai - 600 034. Chennai (OMR): Ground Floor, 148 Old Mahabalipuram Road, Okkiyam, Thuraipakkam, Chennai - 600 097. Chhindwara: Of?ce No - 1,
Parasia Road, Near Mehta Colony, Chhindwara - 480 001. Chittorgarh: 3 Ashok Nagar, Nr.Heera Vatika, Chittorgarh - 312 001. Cochin: Door No. 64/5871 – D, 3rd Floor, Ittoop’s
Imperial Trade Center    , M.G. Road North, Cochin - 682 035. Coimbatore: Old # 66 New # 86, Lokamanya Street (West), Ground Floor, R. S. Puram, Coimbatore - 641 002.
Cuttack: Near Indian Overseas Bank, Cantonment Road, Mata Math, Cuttack - 753 001. Darbhanga: Shahi Complex,1st Floor, Near RB Memorial hospital,V.I.P. Road, Benta,
Laheriasarai, Darbhanga, Darbhanga - 846 001. Davenegere: 13, Ist Floor,, Akkamahadevi Samaj Complex, Church Road, P.J.Extension, Devengere - 577 002. Dehradun: 204/121
Nari Shilp Mandir Marg, Old Connaught Place, Dehradun - 248 001. Deoghar: S S M Jalan Road, Ground ?oor, Opp. Hotel Ashoke, Caster Town, Deoghar - 814 112 . Dhanbad: Urmila
Towers, Room No: 111(1st Floor), Bank More, Dhanbad - 826 001. Dharmapuri: 16A/63A, Pidamaneri Road, Near Indoor Stadium, Dharmapuri, Dharmapuri - 636 701. Dhule: H. No.
1793/A,  J.B. Road, Near Tower Garden, Dhule - 424 001. Durgapur: City Plaza Building, 3rd ?oor, City Centre, Durgapur - 713 216 . Erode: 197, Seshaiyer Complex, Agraharam
Street, Erode - 638 001. Faizabad: 64 Cantonment, Near GPO, Faizabad, Faizabad - 224 001. Faridhabad: B-49, Ist Floor, Nehru Ground, Behind Anupam Sweet House, NIT,
Faridhabad - 121 001. Gandhidham: Plot No. 261, 1st Floor, Sector 1A, Om Mandap Galli, Gandhidham - 370  201. Ghaziabad: 113/6 I Floor, Navyug Market, Gazhiabad - 201
001. Goa: No.108, 1st Floor, Gurudutta Bldg, Above Weekender, M G Road, Panaji (Goa) - 403 001. Gondal (Parent Rajkot): A/177 Kailash Complex, Opp: Khedut Décor, Gondal
- 360 311. Gorakhpur: Shop No. 3, Second Floor, The Mall, Cross Road, A.D. Chowk, Bank Road, Gorakhpur - 273 001. Gulbarga: Pal Complex, Ist Floor, Opp. City Bus
Stop,SuperMarket, Gulbarga - 585 101. Guntur: Door No 5-38-44, 5/1 Brodipet, Near Ravi Sankar Hotel, Guntur - 522 002. Gurgaon: SCO - 16, Sector - 14, First ?oor, Gurgaon
- 122 001. Guwahati: A.K. Azad Road, Rehabari, Guwahati - 781 008. Gwalior: G-6 Global Apartment, Kailash Vihar Colony, “Opp. Income Tax Of?ce,City Centre, Gwalior - 474
002. Haldia: 2nd Floor, New Market Complex, 2nd Floor, New Market Complex, “Durgachak Post Of?ce,Purba Medinipur District, Haldia - 721 602 . Haldwani: Durga City Centre,
Nainital Road, Haldwani - 263 139. Hazaribag: Municipal Market, Annanda Chowk, Hazaribagh - 825 301. Himmatnagar: D-78 First Floor, New Durga Bazar, Near Railway
Crossing, Himmatnagar - 383 001. Hisar: 12, Opp. Bank of Baroda, Red Square Market, Hisar - 125 001. Hoshiarpur: Near Archies Gallery, Shimla Pahari Chowk, Hoshiarpur -
146 001. Hosur: Shop No.8 J D Plaza, OPP TNEB Of?ce, Royakotta Road, Hosur - 635 109. Hubli: No.204 - 205, 1st Floor, ‘ B ‘ Block, Kundagol Complex, Opp. Court, Club Road,
Hubli - 580 029. Hyderabad: 208, II Floor, Jade Arcade, Paradise Circle, Secunderabad - 500 003. Indore: 101, Shalimar Corporate Centre, 8-B, South tukogunj, Opp.Greenpark,
Indore - 452 001. Jabalpur: 8, Ground Floor, Datt Towers, Behind Commercial Automobiles, Napier Town, Jabalpur - 482 001. Jaipur: R-7, Yudhisthir Marg, C-Scheme, Behind
Ashok Nagar Police Station, Jaipur - 302 001. Jalandhar: 367/8, Central Town, Opp. Gurudwara Diwan Asthan, Jalandhar - 144 001. Jalgaon: Rustomji Infotech Services, 70,
Navipeth, Opp. Old Bus Stand, Jalgaon - 425 001. Jalna: Shop No: 11, 1St Floor, Ashoka Plaza, Opp: Magistic Talkies, Subhash Road, Jalna - 431 203. Jammu: JRDS Heights, Lane
Opp. S&S Computers, Near RBI Building, Sector 14, Nanak Nagar, Jammu - 180 004. Jamnagar: 217/218, Manek Centre, P.N. Marg, Jamnagar - 361 008. Jamshedpur: Millennium
Tower, “R” Road, Room No:15 First Floor, Bistupur, Jamshedpur - 831 001. Jaunpur  : 248, Fort Road, Near Amber Hotel, Jaunpur  - 222 001. Jhansi: Opp SBI Credit Branch,
Babu Lal Kharkana Compound, Gwalior Road, Jhansi - 284 001. Jodhpur: 1/5, Nirmal Tower, Ist Chopasani Road, Jodhpur - 342 003. Junagadh: Circle Chowk, Near Choksi Bazar
Kaman, Gujarat, Junagadh - 362 001. Kadapa: Bandi Subbaramaiah Complex, D.No:3/1718, Shop No: 8, Raja Reddy Street, Kadapa - 516 001. Kakinada: No.33-1, 44 Sri Sathya
Complex, Main Road, Kakinada - 533 001. Kalyani: A - 1/50, Block - A, Dist Nadia, Kalyani - 741 235. Kannur: Room No.14/435, Casa Marina Shopping Centre, Talap, Kannur
- 670 004. Kanpur: I Floor 106 to 108, City Centre Phase II, 63/ 2, The Mall, Kanpur - 208 001. Karimnagar: HNo.7-1-257, Upstairs S B H, Mangammathota, Karimnagar - 505
001. Karnal: 7, Ist Floor, Opp. Bata Showroom, Kunjapura Road, Karnal - 132 001. Karur: 126 G, V. P. Towers, Kovai Road, Basement of Axis Bank, Karur - 639 002. Katni: 1st
Floor, Gurunanak Dharmakanta, Jabalpur Road, Bargawan, Katni - 483 501. Kestopur: 148, Jessore Road, Block -B (2nd Floor), Nager Baazar, Kestapur, Kolkata, Kestopur - 700
074. Khammam: Shop No: 11 - 2 - 31/3, 1st ?oor, Philips Complex, Balajinagar, Wyra Road, Near Baburao Petrol Bunk, Khammam - 507 001. Kharagpur: H.No.291/1, Ward
No-15, Malancha Main Road, Opposite UCO Bank, Kharagpur - 721 301. Kolhapur: 2 B, 3rd Floor, Ayodhya Towers, Station Road, Kolhapur - 416 001. Kolkata: “Saket Building”,
2nd ?oor, 44 Park street, Kolkata - 700016. Kollam: Kochupilamoodu Junction, Near VLC, Beach Road, Kollam - 691001. Kota: B-33 ‘Kalyan Bhawan, Triangle Part,Vallabh Nagar,
Kota - 324 007. Kottayam: KMC IX/1331 A, Opp. Malayala Manorama, Railway Station Road, Thekkummoottil, Kottayam - 686 001. Kumbakonam: Jailani Complex, 47, Mutt
Street, Kumbakonam - 612 001. Kurnool: H.No.43/8, Upstairs, Uppini Arcade, N R Peta, Kurnool - 518 004. Lucknow: Off # 4,1st Floor,Centre Court Building, 3/c, 5 - Park Road,
Hazratganj, Lucknow - 226 001. Ludhiana: U/GF, Prince Market, Green Field, Near  Traf?c Lights, Sarabha Nagar Pulli, Pakhowal Road, Ludhiana - 141 002. Madurai: 86/71A,
Tamilsangam Road, Madurai - 625 001. Malda: Daxhinapan Abasan, Opp Lane of Hotel Kalinga, SM Pally, Malda - 732 101. Mangalore: No. G4 & G5, Inland Monarch, Opp.
Karnataka Bank, Kadri Main Road, Kadri, Mangalore - 575 003. Manipal: Trade Centre, 2nd   Floor, Syndicate Circle, Starting Point, Manipal - 576 104. Mapusa: Of?ce No.CF-8,
1st Floor, Business Point, Above Bicholim Urban Co-op Bank, Angod, Mapusa - 403 507. Margao: Virginkar Chambers I Floor, Near Kamath Milan Hotel, New Market, Near Lily
Garments, Old Station Road, Margao - 403 601. Mathura: 159/160 Vikas Bazar, Mathura - 281 001. Meerut: 108 Ist Floor Shivam Plaza, Opposite Eves Cinema, Hapur Road,
33
page 33
Meerut - 250 002. Mehsana: 1st Floor, Subhadra Complex, Urban Bank Road, Mehsana - 384 002. Moga: Gandhi Road, Opp Union Bank of India, Moga - 142 001.
Moradabad: B-612 ‘Sudhakar’, Lajpat Nagar, Moradabad - 244 001. Mumbai: Rajabahdur Compound, Ground Floor, Opp Allahabad Bank, Behind ICICI Bank, 30, Mumbai Samachar
Marg, Fort, Mumbai - 400 023. Muzzafarpur: Brahman toli,, Durgasthan, Gola Road, Muzaffarpur - 842 001. Mysore: No.1, 1st Floor, CH.26 7th Main, 5th Cross, (Above Trishakthi
Medicals), Saraswati Puram, Mysore - 570 009.Nadiad: 8, Ravi Kiran Complex, Ground Floor, Nanakumbhnath Road, Nadiad, Nadiad - 387 001. Nagpur: 145 Lendra, New
Ramdaspeth, Nagpur - 440 010. Namakkal: 156A/1, First Floor, Lakshmi Vilas Building, Opp. To District Registrar Of?ce, Trichy Road, Namakkal - 637 001. Nasik: Ruturang
Bungalow, 2 Godavari Colony, Behind Big Bazar, Near Boys Town School, Off College Road, Nasik - 422 005. Navsari: Dinesh Vasani & Associates, 103 -Harekrishna Complex,
above IDBI Bank, Nr. Vasant Talkies, Chimnabai Road, Navasari - 396 445. Nellore: 97/56, I Floor Immadisetty Towers, Ranganayakulapet Road, Santhapet,, Nellore - 524 001. New
Delhi: 7-E 4th Floor, Deen Dayaal Research Institute Bldg, Swami Ram Tirath Nagar, Jhandewalan extn. Near Videocon Tower, New Delhi - 110 055. Noida: C-81, 1st Floor, Sector
- 2, Noida - 201 301. Palakkad: 10/688, Sreedevi Residency, Mettupalayam Street, Palakkad - 678 001. Palanpur: Tirupati Plaza, 3rd ?oor T-11, Opp.Government Quarter, College
Road, Palanpur - 385 001. Panipat: 83, Devi Lal Shopping Complex, Opp ABN Amro Bank, G.T.Road, Panipat - 132 103. Patiala: 35, New lal Bagh Colony, Patiala - 147 001.
Patna: G-3 Ground Floor, OM Vihar Complex, SP Verma Road, Patna - 800 001. Pondicherry: S-8, 100, Jawaharlal Nehru Street, (New Complex, Opp. Indian Coffee House),
Pondicherry - 605 001. Pune: Nirmiti Eminence, Off No. 6, I Floor, Opp Abhishek Hotel Mehandale Garage Road, Erandawane, Pune - 411 004. Rae Bareli: 17, Anand Nagar
Complex, Rae Bareli, Rae Bareli - 229 001. Raipur: HIG, C-23, Sector - 1, Devendra Nagar, Raipur - 492 004. Rajahmundry: Door No: 6-2-12, 1st Floor, Rajeswari Nilayam, Near
Vamsikrishna Hospital,Nyapathi Vari Street, T Nagar, Rajahmundry - 533 101. Rajapalayam: No 59 A/1, Railway Feeder Road, Near Railway Station, Rajapalayam - 626 117.
Rajkot: Of?ce 207 - 210, Everest Building, Harihar Chowk, Opp Shastri Maidan, Limda Chowk, Rajkot - 360 001. Ranchi: 4, HB Road, No: 206, 2nd Floor Shri Lok Complex, H B
Road Near Firayalal, Ranchi - 834 001. Ratlam: Dafria & Co, 18, Ram Bagh, Near Scholar’s School, Ratlam - 457 001. Ratnagiri: Kohinoor Complex, Near Natya Theatre, Nachane
Road, Ratnagiri - 415 639. Rohtak: 205, 2nd Floor, Blg. No. 2, Munjal Complex, Delhi Road, Rohtak - 124 001. Roorkee: 22 Civil Lines, Ground Floor, Hotel Krish Residency,
Roorkee - 247 667. Rourkela: 1st Floor, Mangal Bhawan, Phase II, Power House Road, Rourkela - 769 001. Sagar: Opp. Somani Automobiles, Bhagwanganj, Sagar - 470 002.
Saharanpur: I Floor, Krishna Complex, Opp. Hathi Gate, Court Road, Saharanpur - 247 001. Salem: No.2, I Floor Vivekananda Street, New Fairlands, Salem - 636 016.
Sambalpur: C/o Raj Tibrewal & Associates, Opp.Town High School, Sansarak, Sambalpur - 768 001. Sangli: Diwan Niketan, 313, Radhakrishna Vasahat, Opp. Hotel Suruchi, Near
S.T. Stand, Sangli - 416 416. Satara: 117/A/3/22,  Shukrawar Peth, Sargam Apartment, Satara - 415 002. Shahjahanpur: Bijlipura,, Near Old Distt Hospital, Near Old Distt Hospital,
Shahjahanpur - 242 001. Shimla: I Floor, Opp. Panchayat Bhawan Main Gate, Bus Stand, Shimla - 171 001. Shimoga: Nethravathi, Near Gutti Nursing Home, Kuvempu Road,
Shimoga - 577 201. Siliguri: No 7, Swamiji Sarani, Ground Floor, Ground Floor, Hakimpara, Siliguri - 734 001. Sirsa: Bansal Cinema Market, Beside Overbridge, Next to Nissan Car
showroom, Hisar Road, Sirsa - 125 055. Sitapur: Arya Nagar, Near Arya Kanya School, Sitapur - 261 001. Solan: 1st Floor, Above Sharma General Store, Near Sanki Rest house,
The Mall, Solan - 173 212. Solapur: Flat No 109, 1st Floor, A Wing,  Kalyani Tower, 126 Siddheshwar Peth, Near Pangal High School, Solapur - 413 001. Sriganganagar: 18 L Block,
Sri Ganganagar, Sri Ganganagar - 335 001. Srikakulam: Door No 5 - 6 - 2, Punyapu Street, Palakonda Road, Near Krishna Park, Srikakulam - 532 001. Sultanpur: 967, Civil
Lines, Near Pant Stadium, Sultanpur - 228 001. Surat: Plot No.629,2nd Floor, Of?ce No.2-C/2-D, Mansukhlal Tower, Beside Seventh Day Hospital, Opp.Dhiraj Sons, Athwalines,
Surat - 395 001. Surendranagar: 2 M I Park, Near Commerce College, Wadhwan City, Surendranagar - 363 035. Thane: 3rd Floor, Nalanda Chambers, “B” Wing, Gokhale Road,
Near Hanuman Temple, Naupada, Thane - 400 602. Thiruppur: 1(1), Binny Compound,, II Street,, Kumaran Road, Thiruppur - 641 601. Thiruvalla: Central Tower, Above Indian
Bank, Cross Junction, Thiruvalla - 689101. Tinsukia: Dhawal Complex, Gr. Floor, Durgabari, Rangagora Road, Nr. Dena Bank, Tinsukia - 786 125. Tirunelveli: 1 Floor, Mano Prema
Complex, 182/6, S.N High Road, Tirunelveli - 627 001. Tirupathi: Shop No14, Boligala Complex,, 1st Floor, Door No. 18-8-41B, Near Leela Mahal Circle, Tirumala Byepass Road,
Tirupathi - 517 501. Trichur: Room No 26 & 27, Dee Pee Plaza,, Kokkalai, Trichur - 680 001. Trichy: No 8, I Floor, 8th Cross West Extn, Thillainagar, Trichy - 620 018. Trivandrum:
R. S. Complex, Opposite of LIC Building, Pattom PO, Trivandrum - 695 004. Tuticorin: 1 – A/25, 1st Floor, Eagle Book Centre Complex, Chidambaram Nagar Main, Palayamkottai
Road, Tuticorin - 628 008 . Udaipur: 32 Ahinsapuri, Fatehpura Circle, Udaipur - 313 004. Ujjain:, 123, 1st Floor, Siddhi Vinanyaka Trade Centre, Saheed Park, Ujjain - 456 010.
Unjha: 10/11, Maruti Complex,, Opp. B R Marbles, Highway Road, Unjha - 384 170. Vadodara: 103 Aries Complex, BPC Road, Off R.C. Dutt Road, Alkapuri, Vadodara - 390
007. Valsad: 3rd ?oor, Gita Nivas, opp Head Post Of?ce, Halar Cross Lane, Valsad - 396 001. Vapi: 215-216, Heena Arcade, Opp. Tirupati Tower, Near G.I.D.C, Char Rasta, Vapi
- 396 195. Varanasi: C 27/249 - 22A, Vivekanand Nagar Colony, Maldhaiya, Varanasi - 221 002. Vasco: DU 8 Upper Ground Floor, Bh:Techoclean Clinic, Suvidha Complex, Nr.
ICICI Bank, Vasco - 403 802. Vellore: No:54, Ist Floor, Pillaiyar Koil Street, Thotta Palayam, Vellore - 632 004. Vijayawada: 40-1-68, Rao & Ratnam Complex, Near Chennupati
Petrol Pump, M.G Road, Labbipet, Vijayawada - 520 010. Visakhapatnam: 47/ 9/17, 1st Floor, 3rd Lane, Dwaraka Nagar, Visakhapatnam - 530 016. Warangal: F13, 1st Floor,
BVSS Mayuri Complex, Opp. Public Garden, Lashkar Bazaar, Hanamkonda, Warangal - 506 001. Yamuna Nagar: 124-B/R Model Town, Yamunanagar, Yamuna Nagar - 135 001.
Yavatmal: Pushpam, Tilakwadi, Opp. Dr. Shrotri Hospital, Yavatma - 445 001.
The Fund's website www.lntmf.com will be an of?cial point of acceptance for accepting transactions in the units of the schemes of the Fund.
Further, CAMS will be the of?cial point of acceptance for electronic transactions recevied from speci?ed banks, ?nancial institutions, distribution channels, etc. (mobilised on behalf
of their clients) with whom the AMC has entered/may enter into speci?c arrangements for purchase/sale/switch of units.
Of?ces of stock brokers registered with BSE and/or NSE shall also be the of?cial points of acceptation except for L&T Cash Fund.
Applications from institutional investors will be accepted via facsimile by L&TIML, subject to satisfaction of requirements speci?ed by L&TIML. For further details please call at
1800 2000 400.
34
page 34
Please ensure the following:
If you are an existing unit holder with us, folio number and name of sole/?rst unit holder is mentioned.
Name, date of birth, address, contact details and tax status of sole/?rst applicant are ?lled in completely.
PAN is furnished for all applicants and KYC acknowledgement letter is enclosed for each applicant.
Your bank account details including the 9-digit MICR Code are entered completely. An original cancelled cheque of such account is enclosed if the investment instrument is a
demand draft or is from a different bank account.
For joint applicants, if any, Mode of Holding, names and birth-dates are furnished.
Scheme/Plan/Option is indicated.
Lumpsum details are furnished and following conditions are ful?lled:
Your investment is not below the Minimum Investment Amount.
If you are paying by a Demand Draft, you have ?lled the details as Investment Amount – DD Charges = DD Amount.
Your investment cheque is drawn in favour of Scheme in which you wish to invest and should be, dated and signed. On the reverse of the cheque, the name of the Sole/First
Applicant and the Application No./Folio No. are written.
All SIP details are furnished and following conditions are ful?lled:
SIP Instalment Amount (Min. Rs. 500/-)
No. of SIP Instalments (Min. 6 for monthly & quarterly, 2 for semi-annual & annual)
Total Amount (Min. Rs.5000/- & Rs.3000/- for L&TTAF)
SIP Frequency (Monthly/Quarterly /Semi-annualy/Annualy)
SIP Date (1st/5th/10th/15th/25th/all ?ve dates)
SIP Auto Debit Period
The form is duly signed by all applicants.
Accompanying documents
Please submit the following documents with your application (if applicable). All documents should be original/true copies certi?ed by a Director/Trustee/Company Secretary/Authorised
Signatory.
Documents Companies Societies Partnership
Firms
Investments
through PoA
Trust NRI FIIs
Resolution/Authorisation to invest

List of Authorised Signatories with Specimen signature(s)

Memorandum & Articles of Association

Trust Deed

Bye-laws

Partnership Deed

Overseas Auditors' Certi?cate

Notarised Power of Attorney

Foreign Inward Remittance Certi?cate, in case payment is made
by DD from NRE/FCNR a/c, where applicable

Call: 1800 2000 400 Email: [email protected] Website: www.LNTMF.com
CHECKLIST
CI00006
page 35
Initial com m ission w ill be paid by the investor directly to the distributor, based on the service rendered and assessm ent of any other factors.
Please refer to the guidance notes for assistance and complete all sections in English. For legibility, please use BLOCK LETTERS in black or dark ink.
Common Application Form
(For Lump Sum and SIP Investments)
2. NEW APPLICANTS’ PERSONAL DETAILS (See note 2)
1. EXISTING UNIT HOLDER(S) PERSONAL DETAILS (See note 1)
3. PAN AND KYC DETAILS (See note 3)
ACKNOWLEDGEMENT SLIP (To be ?lled in by the Applicant)
4. BANK DETAILS [For Receiving Dividends/ Redemption Payments (Mandatory)] (See note 4)
Sole/1st A pplicant
+
D ate of Birth*
First N am e M iddle N am e Last N am e
D D | M M | Y Y Y Y
Second A pplicant
^
D ate of Birth
First N am e M iddle N am e Last N am e
D D | M M | Y Y Y Y
Third A pplicant
^
D ate of Birth
First N am e M iddle N am e Last N am e
D D | M M | Y Y Y Y
* C om pulsary if applicant is m inor
+
If the Sole/First applicant is below 18 years of age, please furnish the details of the G uardian in the ‘G U A RD IA N D ETA ILS’section. ^ N ot applicable if the rst applicant is a m inor.
Guardian Details (Mandatory if Sole/First Applicant is a Minor) / Contact Person Details (for Non-Individuals)
G uardian N am e (in case Sole/First A pplicant is a m inor) C ontact Person (in case of N on Individual applicants)
G uardian’s Relationship W ith M inor* Father M other C ourt A ppointed G uardian
Proof of D ate of Birth and G uardian’s Relationship w ith M inor* Birth C erti cate Passport O thers (please specify)
Mode of Holding (Please ) Single A nyone or Survivor Joint (If not indicated and m ultiple holders are m entioned, w ill be treated as ‘joint’by default.)
Status of Sole/First
Applicant (Please )
Resident Indian Individual N on-Resident Indian Individual PIO M utual Fund FI Bank Trust G overnm ent Body D efence Establishm ent
C om pany/Body C orporate Partnership Firm H U F A O P/BO I FII Society N G O O thers
(Please specify)
Correspondence Address (P.O. Box is not suf?cient)
C ity/Tow n State Pin
Overseas Address (Mandatory for NRIs/PIOs)
C ity/Tow n State C ountry Postal C ode
Contact Details
Tel. (O )
(ISD/STD)
Tel. (R)
(ISD/STD)
M obile
E-m ail ID *
* Investors providing E-mail ID would mandatorily receive only E-statements of accounts, annual report and other communication in lieu of physical copy.
D istributor/Broker C ode Sub-Broker C ode Branch C ode Relationship M anager’s
ARN- (ARN stamp here)
N am e
M obile
U nique Ref. N o.
First U nit H older Second U nit H older Third U nit H older
Please enclose a copy of KYC acknow ledgem ent letters for all applicants.
A ccount N um ber A ccount Type (Please )
Savings C urrent N RE N RO FC N R O thers
Bank
Branch C ity
M IC R C ode
(9-digit num ber next to your cheque no.)
IFSC C ode

(The 11 character code on a cheque. If you do not nd it, please ask your bank branch for it)
Dividend/Redemption payments would be credited to your account directly subject to availability of complete bank details and the facility being available with your Bank.
If you however, wish to receive Dividend/Redemption proceeds as a Cheque instead, please indicate your preference for the same by ticking alongside.
Please enclose an original cancelled cheque leaf of the above bank account if your investment instrument is from a different bank account.
Received from
N am e of First A pplicant/U nitholder
an application for
investm ent in Schem e Plan O ption
Investm ent Type ()
Lum psum SIP
Investm ent/SIP Instalm ent
Rs.
Investm ent C heque/First SIP C heque D etails C heque N o.
D ated
D D | M M | Y Y Y Y
draw n on Bank
Branch C ity
Subject to realisation of cheque and furnishing of m andatory inform ation/docum ents. Please retain this slip till you receive your A ccount Statem ent.
For O f ce U se O nly
A cknow ledgem ent
Stam p & D ate
If you have, at any tim e, invested in any schem e of L& T M utual Fund and w ish to hold your present investm ent in the sam e folio, please furnish the N am e of Sole/First U nitholder & Folio N um ber
below and proceed to Section 3.
N am e of Sole/1st H older

Folio N o.
First N am e M iddle N am e Last N am e

A pp. N o.
A pp. N o.
Tim e Stam p
page 36
Call: 1800 2000 400 Email: [email protected] Website: www.LNTMF.com
5. INVESTMENT & PAYMENT DETAILS (See note 5)
6. NOMINATION DETAILS (See note 6)
7. YOUR SIGNATURE/S (To be signed by All Applicants) (See note 5)
8. POA HOLDER DETAILS
Transaction Charges** Refer Note 5(D)
I am a First Time Investor in Mutual Funds
Rs. 150 w ill be deducted as transaction charges if the lum p sum purchase am ount or total
SIP am ount (N um ber of instalm ents x instalm ent am ount) is Rs. 10,000 or m ore.
OR
I am an Existing Investor in Mutual Funds
Rs. 100 w ill be deducted as transaction charges if the lum p sum purchase am ount or total
SIP am ount (N um ber of instalm ents x instalm ent am ount) is Rs. 10,000 or m ore.
** W ill be deducted only if the Purchase/SIP application is subm itted through a D istributor w ho has ‘opted in’to receive transaction charges.
Investment Details
Investm ent Type (Please ) Lum psum SIP (Please ll up the 1st SIP cheque details below and also ll and attach the SIP A uto-D ebit Form )
Schem e Plan
Option (Please ) (^ D efault option if not selected) G row th^ D ividend Payout D ividend Reinvestm ent D ividend Frequency
N RI/FII Investors (Refer * in the D eclaration section below ), please indicate source of funds for your investm ent (Please ) N RE N RO FC N R O thers
(Please specify)
Payment Details (Please issue cheque favouring scheme name)
Investm ent A m ount (Rs.)
A
D D C harges (if applicable) (Rs.)
B
N et A m ount*** (Rs.)
A m inus B
Instrum ent N o.

D ated
D D | M M | Y Y Y Y
D raw n on Bank


Branch

C ity

***Final investm ent am ount w ill be net am ount m inus the transaction charges if applicable. Refer N ote 4(d).
Reason for Investment (Please ) C hildren’s Education C hildren’s M arriage H ouse C ar Retirem ent
I/W e have read and understood the contents of the Schem e Inform ation D ocum ent, Statem ent of A dditional Inform ation and Key Inform ation M em orandum of the above Schem e of L& T M utual Fund including the
sections on “W ho cannot invest”and “Im portant N ote on A nti M oney Laundering, Know -Your-C ustom er and Investor Protection”. I/W e hereby apply for allotm ent/purchase of U nits in the Schem e and agree to abide
by the term s and conditions applicable thereto. I/W e hereby declare that I/W e am /are authorised to m ake this investm ent and that the am ount invested in the Schem e is through legitim ate sources only and does not
involve and is not designed for the purpose of any contravention or evasion of any A ct, Rules, Regulations, N oti cations or D irections issued by any regulatory authority in India. I/W e hereby authorise L& T M utual
Fund, its Investm ent M anager and its agents to disclose details of m y investm ent to m y bank(s)/L& T M utual Fund’s bank(s) and/or D istributor/Broker/Investm ent A dviser. The A RN holder has disclosed to m e/us all the
com m issions (in the form of trail com m ission or any other m ode), payable to him for the different com peting schem es of various M utual Funds from am ongst w hich the Schem e is being recom m ended to m e/us. I/W e
have neither received nor been induced by any rebate or gifts, directly or indirectly, in m aking this investm ent. I/W e declare that the inform ation given in this application form is correct, com plete and truly stated. If I/
W e have not ticked in Section 6 of the A pplication Form for not appointing a N om inee, then the A pplication Form shall be processed as w ithout N om ination.
I/W e, the undersigned, hereby acknow ledge and con  rm that:
The above transaction is “Execution O nly”as explained vide SEBI C ircular N o. C IR/IM D /D F/13/2011 dated 22 A ugust 2011. This investm ent is being m ade notw ithstanding the advice of the appropriateness/
inappropriateness of the sam e. O n such “Execution O nly”transaction(s), I am not being charged any kind of transaction fee(s) by the A M FI registered distributor. O n this “Execution O nly”transaction, the distributor
w ould be com pensated by the M utual Fund H ouse/A sset M anagem ent C om pany concerned in lines w ith the com m ission rate(s)disclosed by the distributor. (A pplicable only for “Execution O nly”transaction)
I/W e accept and agree to abide by the term s and conditions (as m entioned on w w w .LN TM F.com ) w ith respect to m y/our dealings w ith L& T M utual Fund/its Investm ent M anager through various channels.
*A PPLIC A BLE FO R N RIs: I/W e con  rm that I am /w e are N on-Resident(s) of Indian N ationality/O rigin and that I/W e have rem itted funds from abroad through approved banking channels or from funds in m y/our N RE/
FC N R A ccount. I/W e undertake that all additional purchases m ade under this folio w ill also be from funds received from abroad through approved banking channels or from funds in m y/our N RE/FC N R A ccount.
X (Sole/First A pplicant) X (Second A pplicant) X (Third A pplicant)
D o you w ish to appoint a nom inee for your investm ent(s)?
YES (Please ll up the nom inee details below and sign. If you w ish to appoint m ore than 1 nom inee, please ask for a separate nom ination form .)
N O (Please strike off the part below and sign.)
I/W e do hereby nom inate the underm entioned N om inee to receive the U nits allotted to m y/our credit in m y/our folio in the event of m y/our death. I/W e also understand that all paym ents
and settlem ents m ade to such N om inee and Signature of the N om inee acknow ledging receipt thereof, shall be a valid discharge by the A M C /M utual Fund/Trustees.
Name and Address of the Nominee
N am e
A ddress
D ate of Birth (in case N om inee is a m inor)
Signature of N om inee
X
Name and Address of the Guardian (To be furnished in case the Nominee is a minor)
N am e
A ddress
Signature of G uardian (M andatory)
X
Signature(s) (All Applicants must sign here)
X (Sole/First A pplicant) X (Second A pplicant) X (Third A pplicant)
If the investm ent is being m ade by a C onstituted A ttorney please furnish N am e and PA N of Pow er of A ttorney H older (PO A ) in respect of each applicant below :
PoA H older N am e for A pplicant 1 PoA H older N am e for A pplicant 2 PoA H older N am e for A pplicant 3
PoA H older PA N for A pplicant 1 PoA H older PA N for A pplicant 2 PoA H older PA N for A pplicant 3
page 37
Initial com m ission w ill be paid by the investor directly to the distributor, based on the service rendered and assessm ent of any other factors.
Please refer to the guidance notes for assistance and complete all sections in English. For legibility, please use BLOCK LETTERS in black or dark ink.
PERSONAL DETAILS (See note 1)
INVESTMENT DETAILS (See note 2)
YOUR SIGNATURE/S (To be signed by All Joint Holders)
AUTO-DEBIT AUTHORISATION (See note 4)
FOR OFFICE USE
First U nit H older
First N am e M iddle N am e Last N am e
Folio N o.
PA N
First U nit H older Second U nit H older Third U nit H older
KYC is m andatory. Please enclose a copy of KYC acknow ledgem ent letters for all applicants.
N ew SIP Registration SIP Renew al C hange in Bank D etails (for an existing SIP)
Schem e O ption () G row th^ D ividend Payout
Plan D ividend Frequency
D ividend Reinvestm ent
First instalment details
M ode of Paym ent (Please ) C heque D em and D raft Pay O rder Instrum ent N o. D ate
D D | M M | Y Y Y Y
D raw n on
Bank Branch
N RI Investor, please specify account type () N RE N RO FC N R O thers Please specify
Reason for your SIP C hildren’s Education C hildren’s M arriage H ouse C ar Retirem ent
I/W e have read and understood the respective Schem e Inform ation D ocum ent, Statem ent of A dditional Inform ation and Key Inform ation M em orandum of L& T M utual Fund. I/W e hereby declare
that I/W e do not have any existing M icro SIPs w hich together w ith the current application w ill result in aggregate investm ents exceeding Rs. 50,000 in a year. I/W e have neither received nor been
induced by any rebate or gifts directly or indirectly in m aking this System atic Investm ent. The A RN holder has disclosed to m e/us all the com m issions (in trail com m ission or any other), payable to
him for the different com peting schem es of M utual Funds from am ongst w hich the Schem e is being recom m ended to m e/us. I/W e hereby declare that the particulars given here are correct and
express m y/our w illingness to m ake paym ents referred above through direct debit/participation in EC S. If the transaction is delayed or not effected at all for reasons of incom plete or incorrect
inform ation, I/W e w ould not hold L& T M utual Fund, their Investm ent M anager - L& T Investm ent M anagem ent Lim ited, or any of their appointed service providers or representatives responsible.
I/W e w ill also inform L& T Investm ent M anagem ent Lim ited about any changes in m y/our bank account. I/W e have read and agreed to the term s and conditions m entioned overleaf.
D ate
D D | M M | Y Y Y Y
X (Sole/First U nit H older) X (Second U nit H older) X (Third U nit H older)
I/W e hereby declare that the inform ation provided by m e/us is accurate. If the transaction is delayed or not carried through courtesy incom plete or incorrect inform ation, I/W e w ould
not hold L& T M utual Fund or its authorised service providers responsible. M andate veri cation charges, if any, m ay be charged to m y/our account.
N am e(s) & Signature(s) of Bank A ccount H older(s) as in Bank Records
N am e of Sole/1st Bank A ccount H older N am e of 2nd Bank A ccount H older N am e of 3rd Bank A ccount H older
X X Signature of Sole/1st Bank A ccount H older X X Signature of 2nd Bank A ccount H older X X Signature of 3rd Bank A ccount H older
(To be signed by all holders if m ode of operation of Bank A ccount is ‘Joint’) D ate
D D | M M | Y Y Y Y
A ttestation by the Banker
(M andatory, if your First SIP Instalm ent is through a D em and D raft/Pay O rder)
I/W e certify that the signature of account holder(s) and the details of bank account are correct as per our records.
Signature and Stam p of the A uthorised O f cial from Bank
Bank Stam p & D ate
The M anager, I/W e authorize L& T M utual Fund and their authorised service providers to debit m y account via EC S/D irect D ebit/Standing Instructions.
N am e of Bank Branch C ity
Bank A ccount N um ber
A ccount Type Savings C urrent C ash C redit
(Please ) N RE N RO
Schem e/Plan O ption
SIP A uto-debit D ate (Please ) 1st 5th 10th^ 15th 25th A ll ve dates SIP Instalm ent A m ount Rs.
M in. 500
Frequency (Please ) M onthly^ Q uarterly SIP A uto-debit Period Till I instruct discontinuation^ [O R]
From M M | Y Y Y Y To M M | Y Y Y Y
M IC R C ode

(9-digit num ber next to your cheque no.) ^ D efault option if not selected.
Recorded on
D D | M M | Y Y Y Y
Recorded by C redit A /c. N o.
W e con  rm that w e have taken the above EC S/A uto-debit instructions on our records.
Stam p of Bank Branch M anager Signature N am e
D istributor/Broker C ode Sub-Broker C ode Branch C ode Relationship M anager’s
ARN- (ARN stamp here)
N am e
M obile
U nique Ref. N o.
In case of new applicants this Form needs to
accompany the Common Application Form.
SIP Investment Form
(Registration-cum-Mandate Form for Auto-debit and ECS)
Tim e Stam p
page 38
Call: 1800 2000 400 Email: [email protected] Website: www.LNTMF.com
1. This form can be used to register a new SIP, renew a SIP or change the bank details for an
existing SIP. N ew SIP applicants need to ll in the C om m on A pplication Form also.
2. Please read the Schem e Inform ation D ocum ent(s) carefully before investing. A lso note that SIP
facility is not available in the Institutional and Super Institutional Plans of any of our schem es.
3. If you m ay m ake an error w hile lling this form , please ensure that all applicants sign against
the correction.
4. The com pleted SIP transaction Form should be subm itted to any L& T or C A M S Investor Service
C entre.
5. PA N and KYC are m andatory. Please note that a PA N (Perm anent A ccount N um ber) and KYC
(Know Your C ustom er) com pliance are m andatory for investing a lum p sum or through a SIP,
for sw itching betw een funds and for setting up a STP (System atic Transfer Plan). Your KYC
status is usually indicated in your A ccount Statem ent as follow s:
a) KYC Veri ed: The KYC check is com pleted and you are KYC -com pliant.
b) KYC Pending: Your KYC check is in progress.
c) KYC Failed: Your KYC has failed due to som e de  ciencies in the form s or docum ents you
subm itted to C VL.
d) KYC N ot Available: You have not applied for KYC com pliance or you have not subm itted
a copy of your KYC acknow ledgem ent letter to us.
PLEA SE N O TE: A ll PoA (Pow er of A ttorney) holders and G uardians have to be KYC -com pliant.
6. If you need m ore inform ation, please visit w w w .LN TM F.com .
GENERAL INSTRUCTIONS
GUIDANCE NOTES
TERMS AND CONDITIONS FOR AUTO-DEBIT FACILITY
g) You can also invest in a perennial SIP - i.e. w ith no expiry date - by ticking the check-box “Till I
instruct discontinuation”.
h) Please m ention the nam es of all the bank account holders. If the m ode of operation of your
bank account is ‘joint’, then all the bank account holders should sign at the places m arked ‘XX’
in the sam e sequence and m anner in w hich their signatures appear in the bank account.
i) If the paym ent advice does not m ention the bank account holders’nam e/s, then a self-attested
bank pass book copy/bank statem ent/bank letter to substantiate that the rst unit holder is one
of the joint holders of the bank account should be provided. O therw ise, it w ill be treated as a
3rd party paym ent and rejected except under the follow ing exceptional circum stances:
– Paym ent by parents/grand-parents/related persons on behalf of a m inor (other than the
registered guardian) in consideration of natural love and affection or as a gift, provided
the purchase value is less than or equal to Rs. 50,000 and KYC is com pleted for the
registered guardian and the person m aking the paym ent. A dditional declaration in the
prescribed form at signed by the guardian and parents/grand-parents/related persons
should be subm itted. H ow ever, if the purchase/SIP instalm ent value exceeds Rs. 50,000, the
application w ill be rejected.
– Paym ent by an em ployer on behalf of Em ployee System atic Investm ent Plans or lum p sum /
one-tim e subscription through payroll deductions, provided both em ployee and em ployer
are KYC -com pliant. A dditional declaration in the prescribed form at is also required
alongw ith the application form .
– C ustodian on behalf of an FII or a C lient provided KYC is com pleted for the Investor and
C ustodian. A dditional declaration in the prescribed form at is also required along w ith the
application form .
Note 5 - Transaction Charges
In line with SEBI circular dated August 22, 2011 and September 13, 2012, for each
investment application (purchase) of Rs. 10,000 or more, mutual funds are permitted to
deduct transaction charges as follows:
Rs. 150/- if the application is received from a First Time Mutual Fund Investor.
Rs. 100/- if the application is received from an investor other than a First Time Mutual
Fund Investor i.e. Existing Investor in Mutual Funds.
Please tick the appropriate option given in the form if you are a ?rst time or existing
investor. If both options are left unselected, we will treat you as a ?rst time or existing
investor based on our internal veri?cations. For SIP investments, transaction charges
will be deducted over four installments.
Mutual Fund Units will be allotted only against the net investment amount i.e.
Gross Amount – DD Charges (if any) – Transaction Charges (if applicable).
Transaction charges will be deducted only if the investment is submitted through
a Distributor who has ‘opted in’ to receive transaction charges.
Transaction charges will NOT be deducted in the following cases :
– Purchase/Subscription submitted by investor at the designated collection
centres or through AMC’s website viz. www.LNTMF.com and which is not
routed through any distributor.
– Purchase/Subscription through a distributor for an amount less than Rs. 10,000;
– Transactions such as Switches, STP i.e. all such transactions wherein there is no
additional cash ?ow at a Mutual Fund level similar to Purchase/Subscription.
– Purchase/Subscriptions through any stock exchange.
Note 1 – Personal Details
Please ll in the nam e of the sole/ rst unit holder and the folio num ber, PA N for all unit holders.
Please also enclose a copy of KYC acknow ledgem ent letters for all unit holders.
Note 2 - Investment Details
a) Please specify the follow ing:
I. Schem e/Plan/O ption and D ividend Frequency.
II. Your rst instalm ent details. Please note that the cheque for the rst instalm ent should
favour the schem e.
b) Your rst instalm ent can be processed on any date and there has to be a m inim um gap of 30
days betw een the rst and second instalm ent dates.
c) If you do not specify the SIP period, date or frequency, w e w ill process as follow s:
a. SIP period: U ntil w e receive instructions to discontinue
b. SIP date: 10th of every m onth (com m encing 30 days after the rst SIP instalm ent date)
c. SIP frequency: M onthly
d) Reason for Investment: W e help you to record the nancial goal you are investing for. You
can specify one goal for a schem e. If you have earlier lled in a reason to save in a particular
schem e in a folio and choose a different reason w hile lling in this form , w e w ill over-w rite
the earlier reason. If you w ish to keep your investm ents separate, you can choose to m ake the
investm ent in a different folio.
Note 3 - Declaration & Unit Holder(s) Signatures
This section needs to be signed by all unit holder(s) at the places m arked ‘X ‘as per the holding
instruction provided to us (i.e. ‘Single’, ‘A nyone or Survivor’or ‘Joint’).
Note 4 - Auto-debit Authorisation by Bank Account Holder(s)
a) Please ll your bank account details for the SIP A uto-debit. The sole/ rst holder m ust be one of
the holders in the bank account.
b) The 9-digit M IC R code of your bank branch is a m andatory requirem ent w ithout w hich your SIP
application w ill be rejected. You should nd the M IC R code next to the cheque num ber.
c) If you are paying for the rst SIP instalm ent through a D D or a Pay O rder, please enclose
an original cancelled cheque or obtain your banker’s attestation against the A uto-debit
A uthorisation section in this form . If the paym ent is m ade by cheque, please ensure it is from
the sam e bank account as the one used for A uto-debit for the subsequent instalm ents. This
w ould help us to verify your bank details and let you know of any discrepancy to take corrective
action. In case there is a m ism atch in the bank account num ber subm itted by you and the
account num ber on the cheque, w e w ill update the bank account num ber appearing on the
cheque, provided your nam e appears on it.
d) Please specify the SIP instalm ent am ount (M inim um Rs. 1000 and in m ultiples of Re. 1
thereafter, except for L& T Tax A dvantage Fund w hich should be in m ultiples of Rs. 500), and
num ber of SIP Instalm ents should be a m inim um of six.
e) Please specify the SIP investm ent am ount i.e. instalm ent am ount m ultiplied by the num ber of
instalm ents. This should be a m inim um of Rs. 6,000 for all schem es (except L& T Tax A dvantage
Fund, for w hich it should be Rs. 3,000).
f) Please specify the SIP Frequency (M onthly/Q uarterly) and SIP D ate i.e. 1st/5th/10th/15th/25th.
You can also opt for SIP instalm ents on all ve dates by ticking the appropriate check-box. If
you do, your system atic investm ents w ill be processed on each of the ve available dates every
m onth.
this form , please take this into account and indicate the correct SIP A uto-debit com m encem ent
date. For cancellation of the A uto-debit (EC S/D irect D ebit) facility, you need to provide 30 days
advance notice.
5. If you are an existing SIP investor w ith us using the A uto-debit (EC S/D irect D ebit) facility, please
note the follow ing w ith respect to this system atic investm ent that you propose to m ake in the
folio: Your proposed SIP investm ents should be from the sam e bank account from w hich your
existing SIP investm ents are being m ade. W e w ill not be able to process the SIP if the bank
m andate is different from the bank m andate provided for the existing SIP investm ents.
6. You w ill not hold L& T M utual Fund (‘’The Fund’’)/L& T Investm ent M anagem ent Lim ited
(‘’A M C ’’)/Trustees to the Fund, its Registrars and other service providers responsible if the
transaction is not/incorrectly effected due to incom plete or incorrect instructions from you.
Besides, you w ill not hold either of the entities listed herein before responsible if the transaction
is delayed or not effected or your bank account or the bank account of the m inor U nit holder is
debited in advance or after the speci c SIP date due to various clearing cycles of RBI’s EC S/local
holidays.
7. The Fund/A M C reserves the right not to re-present any m andate for A uto-debit facility, if the
registration could not be effected in tim e for reasons beyond its/their control.
8. The Fund/A M C /Trustees to the Fund, its Registrars and other service providers shall not be
responsible and liable for any dam ages/com pensation for any loss, dam age, etc. incurred/
suffered by you as a result of use of this facility.
1. O ur SIP A uto-debit (EC S/D irect D ebit) facility is offered to you using Reserve Bank of India’s
(RBI) Electronic C learing Service (D ebit C learing Facility) or Standing Instructions (SI) w here
applicable. By opting for this facility you agree to abide by the term s and conditions subject to
w hich this facility is offered by RBI.
2. The SIP A uto-debit (EC S/D irect D ebit) facility is offered to investors w ith bank accounts in any of
the cities/tow ns w here EC S/D irect D ebit is available. There are 252 cities/tow ns as on 20th July,
2012 w here this facility is available and for updates to list, please log on to our w ebsite w w w .
LN TM F.com . L& T M utual Fund reserves the right to m odify this list w ithout assigning any reason
or prior notice. The cities listed on our w ebsite m ay be m odi ed/rem oved at any tim e purely at
the discretion of L& T M utual Fund w ithout providing any reason or prior notice.
3. A pplications for SIP A uto-debit (EC S/D irect D ebit) w ill be processed only if your bank branch
is part of the M IC R/EC S netw ork. In case your bank chooses to cross verify the A uto-debit
m andate w ith you as their custom er, you w ould need to prom ptly act on the sam e. L& T M utual
Fund, it’s Investm ent M anager - L& T Investm ent M anagem ent Lim ited, its Registrar and other
service providers w ill not be liable for any transaction failures due to rejection of the transaction
by your bank/branch or its refusal to register the SIP m andate or any charges that m ay be levied
by your bank/branch on you.
4. There has to be a m inim um gap of 30 days betw een the date of your rst SIP (through cheque)
and your second SIP (through A uto-debit). W hile m entioning the SIP A uto-debit period (from ) in
page 39
Transaction Form
D istributor/Broker C ode Sub-Broker C ode Branch C ode Relationship M anager’s N am e
ARN- (ARN stamp here)
M obile
U nique Ref. N o.
Initial com m ission w ill be paid by the investor directly to the distributor, based on the service rendered and assessm ent of any other factors.
Please refer to the guidance notes for assistance and complete all sections in English. For legibility, please use BLOCK LETTERS in black or dark ink.
ACKNOWLEDGEMENT SLIP (To be ?lled in by the Applicant)
Received from N am e of the Sole/First U nitholder Folio N o.
Schem e Plan O ption
Purchase C heque N o. D ated
D D | M M | Y Y Y Y
D raw n on Bank
Redem ption A m ount U nits A ll U nits
Sw itch A m ount U nits A ll U nits to Schem e N am e
SW P Instalm ent A m ount N o. of Instalm ents Frequency (Please ) M onthly^ Q uarterly
SW P Instalm ent A m ount N o. of Instalm ents to Schem e N am e
Frequency (Please ) D aily W eekly Fortnightly M onthly Q uarterly
For O f ce U se O nly
A cknow ledgem ent
Stam p & D ate
PERSONAL DETAILS (See note 1)
PURCHASE (See note 2)
REDEMPTION (See note 3)
SWITCH (See note 4)
SYSTEMATIC WITHDRAWAL PLAN (SWP) (See note 5)
YOUR SIGNATURE/S (To be signed by all joint holders)
First U nit H older
First N am e M iddle N am e Last N am e
Folio N o.
PA N
First U nit H older Second U nit H older Third U nit H older
KYC is m andatory. Please enclose a copy of KYC acknow ledgem ent letters for all applicants.
Schem e O ption () G row th* D ividend Payout
Plan D ividend Frequency
D ividend Reinvestm ent
Investm ent A m ount (Rs.) A D D C harges, if applicable (Rs.) B N et A m ount (C heque/D D ) (Rs.) A m inus B
M ode of Paym ent ()
C heque D D Fund Transfer RTG S N EFT
Paym ent m ade by () (Please refer notes on 3rd party paym ents overleaf)
First/Second/Third U nit H older G uardian O thers
C heque N o. D ated
D D | M M | Y Y Y Y
D raw n on Bank
Branch C ity
N RI Investor, please specify account type ()
N RE N RO FC N R O thers (please specify)
Reason for your SIP ()
C hildren’s Education C hildren’s M arriage H ouse C ar Retirem ent
Schem e Plan
O ption () G row th D ividend Payout D ividend Frequency
W ithdraw al Preference A m ount* C apital A ppreciation W ithdraw al Instalm ent x N o. of Instalm ents Total W ithdraw al
W ithdraw al From (First Instalm ent) To (Last Instalm ent)

M M | Y Y Y Y

M M | Y Y Y Y
W ithdraw al D ate
1st 5th 10th* 15th 25th
W ithdraw al Frequency ()
M onthly* Q uarterly * D efault option if not selected
Schem e Plan D ividend Frequency
O ption () G row th* D ividend Payout D ividend Reinvestm ent A m ount (Rs.) N o. of U nits A ll U nits ()
If you have changed your bank and have not inform ed us of the change, your m oney w ill be credited to the bank account registered w ith us
From Schem e Plan O ption () G row th D ividend Payout D ividend Reinvestm ent
To Schem e Plan O ption () G row th* D ividend Payout D ividend Reinvestm ent
A m ount (Rs.) N o. of U nits A ll U nits () * D efault option if not selected
I/W e have read and understood the respective Schem e Inform ation D ocum ent, Statem ent of A dditional Inform ation and Key Inform ation M em orandum . I/W e have neither received nor been
induced by any rebate or gifts, directly or indirectly in m aking this transaction. I/W e understand that the upfront com m ission w ill be paid directly by m e/us to the A M FI registered distributors
based on m y/our assessm ent of various factors including the service rendered by the distributor. A lso, the A M FI registered distributor has disclosed the com m issions to m e/us (in trail com m ission
or any other), payable to him for different schem es of m utual funds from am ongst w hich the schem e is being recom m ended to m e/us.
D ate D D | M M | Y Y Y Y
X (Sole/First U nit H older) X (Second U nit H older) X (Third U nit H older)
SYSTEMATIC TRANSFER PLAN (STP) (See note 6)
From Schem e Plan O ption () G row th D ividend D ividend Frequency
To Schem e Plan O ption () G row th* D ividend Payout D ividend Reinvestm ent D ividend Frequency
Transfer Preference ()
A m ount* C apital A ppreciation
Transfer Instalm ent Rs. x N o. of Instalm ents
M inim um Rs. 500
Total Transfer Rs. Transfer Period From (First Instalm ent) To (Last Instalm ent)

M M | Y Y Y Y

M M | Y Y Y Y
Transfer Frequency (Please choose from the W eekly () M on* Tue W ed Thu Fri Fortnightly D ate 1st 15th*
options m entioned here) () M onthly* Q uarterly D ate 1st 5th 10th* 15th 25th
* D efault option if not selected
Tim e Stam p
page 40
1. This form is for existing unit holders only. N ew applicants need to   ll in the C om m on
A pplication Form , w hich is part of the Key Inform ation M em orandum . W ith this form you
can invest in a fund, redeem your m oney, sw itch betw een funds, register for our System atic
W ithdraw al Plan (SW P) or System atic Transfer Plan (STP).
2. Please read the Schem e Inform ation D ocum ent and Statem ent of A dditional Inform ation of the
respective fund before investing.
3. If you m ay m ake an error w hile lling this form , please ensure that all applicants sign against
the correction.
4. The com pleted form should be subm itted to any L& T M F or C A M S Investor Service C entre.
5. PA N and KYC are m andatory. Please note that a PA N (Perm anent A ccount N um ber) and KYC
(Know Your C ustom er) com pliance are m andatory for investing a lum p sum or through a SIP
for sw itching betw een funds and for setting up a STP (System atic Transfer Plan). Your KYC
status is usually indicated in your A ccount Statem ent as follow s:
a) KYC Veri?ed: The KYC check is com pleted and you are KYC -com pliant.
b) KYC Pending: Your KYC check is in progress.
c) KYC Failed: Your KYC has failed due to som e de  ciencies in the form s or docum ents you
subm itted to C VL
d) KYC Not Available: If you have not applied for KYC com pliance or if you have
not subm itted a copy of your KYC acknow ledgem ent letter to us. If you need m ore
inform ation, please visit w w w .LN TM F.com .
PLEASE NOTE: A ll PoA (Pow er of A ttorney) holders and G uardians have to be KYC -com pliant.
6. NON-INDIVIDUAL INVESTORS: Please inform us of any change in your list of signatories and
provide us w ith a certi ed copy of the Board Resolution and List of A uthorised Signatories.
GENERAL INSTRUCTIONS
GUIDANCE NOTES
If your sw itch request speci es both am ount and units, the latter w ould be processed.
If the balance in the source schem e/plan/option, after taking into account the sw itch is below
the m inim um redem ption size (either in am ount or in units w hichever is less), the entire balance
in the source schem e w ill be sw itched to the target schem e.
Note 5 – Systematic Withdrawal Plan (SWP)
a) Please note SW P facility is available in all our schem es except Institutional & Super Institutional
Plans.
b) Please indicate if you w ish to w ithdraw a xed am ount per period or the C apital A ppreciation.
If none of the options is speci ed, by default, the instalm ent w ill be xed am ount. C apital
A ppreciation SW P is available from ‘G row th’plans only. Please also specify schem e details,
num ber of instalm ents, total w ithdraw al am ount, w ithdraw al frequency and w ithdraw al
period.
c) The m inim um w ithdraw al size is Rs. 1000 or 100 units. The value of the unit balance in the folio
should be at least Rs 25000. Else the SW P w ill not be processed.
d) Please note that your SW P w ill be processed w ithin 7 calendar days from the date of your
request. H ence, w hile lling in the ‘From D ate’for the SW P period, please factor in at least 7
calendar days beyond the date of your request. For instance, if you subm itted your request on
the 1st, please ll in the 7th of that particular m onth.
e) You can cancel a registered SW P at any tim e by subm itting a w ritten request. The cancellation
w ill be processed w ithin 15 days.
f) Please note the follow ing:
If both am ount and units are m entioned, w e w ill process the SW P for the am ount.
If the total w ithdraw al am ount is not m entioned or incorrectly m entioned, w e w ill process
as per the instalm ent am ount and num ber of instalm ents m entioned.
If the schem e/plan/option is not m entioned and there is only one schem e/plan/option
com bination available in the folio, w e w ill process the sam e.
If the start date is not m entioned by default, w e w ill take the 10th of every m onth as the
date.
If the end date is not m entioned, the SW P w ill be processed until w e receive a request from
you to discontinue it.
If the frequency is not m entioned or if m ore than one frequency has been selected, w e w ill
process it as a m onthly SW P by default.
Note 6 – Systematic Transfer Plan (STP)
a) Please note STP facility is available in all our schem es except Institutional and Super Institutional
Plans.
b) Please indicate if you w ish to transfer a xed am ount per period or the capital appreciation. If
none of the options is speci ed, by default, the instalm ent w ill be xed am ount. Please also
specify the schem e details, num ber of instalm ents, transfer instalm ent am ount, total transfer
am ount, transfer frequency and transfer period.
c) The m inim um transfer size is Rs. 1000 or 100 units. The value of the unit balance in the folio
should be at least Rs 25000. Else the STP w ill not be processed.
d) Please note that your STP w ill be processed w ithin 7 calendar days from the date of your
request. H ence, w hile lling in the ‘From D ate’for the STP period, please factor in at least 7
calendar days beyond the date of your request. For instance, if you subm itted your request on
the 1st, please ll in the 7th of that particular m onth.
e) Please note the follow ing:
If the plan/option of the source schem e is not m entioned, and there is only one schem e/
plan/option com bination available in the folio, w e w ill process the sam e.
If the plan/option of the target schem e is not m entioned, w e w ill process as per the default
options m entioned in the Schem e Inform ation D ocum ent of the respective schem e.
If the m inim um balance criteria are not m et w hen processing an instalm ent, w e w ill
transfer out the entire available unit balance and cease the STP.
If the start date is not m entioned, w e process the STP every M onday for W eekly STPs and
on the 10th of the m onth for M onthly/Q uarterly STPs.
If the end date is not m entioned, the STP w ill be processed until w e receive a request from
you to discontinue it.
If the total transfer am ount is not m entioned or incorrectly m entioned, w e w ill process as
per the instalm ent am ount and num ber of instalm ents m entioned.
If the frequency is not m entioned or if m ore than one frequency has been selected, w e w ill
process it as a m onthly STP by default.
If m ore than one day is selected, w e w ill process for “M onday.”
If the m onthly frequency is selected, but no date is m entioned, w e w ill process the STP
instalm ents on the 10th of every m onth by default.
e) You can cancel a registered STP at any tim e by subm itting a w ritten request. The cancellation
w ill be processed w ithin 15 days.
Note 1 – Personal Details
a) Please ll in the nam e of the sole/ rst unit holder and the folio num ber and PA N for all unit
holders. Please also enclose a copy of KYC acknow ledgem ent letters for all unit holders.
Note 2 – Purchase Request
a) Please specify the schem e details, investm ent am ount and cheque details.
b) Your paym ent cheque should be draw n in favour of the schem e in w hich you are investing.
c) If you are an N RI, please indicate the source of funds for your investm ent.
d) Reason for Investm ent: W e help you to record the nancial goal you are investing for. You can
specify one goal for a schem e. If you have earlier lled in a reason to save in a particular schem e
in a folio and choose a different reason w hile lling in this form , w e w ill over-w rite the earlier.
If you w ish to keep your investm ents separate, you can choose to m ake the investm ent in a
different folio.
e) If the paym ent advice does not m ention the bank account holders’nam e/s, then a self-attested
bank pass book copy/bank statem ent/bank letter to substantiate that the rst unit holder is one
of the joint holders of the bank account should be provided. O therw ise, it w ill be treated as a
3rd party paym ent and rejected except under the follow ing exceptional circum stances:
– Paym ent by parents/grandparents/related persons on behalf of a m inor (other than the
registered guardian) in consideration of natural love and affection or as a gift, provided
the purchase value is less than or equal to Rs. 50,000 and KYC is com pleted for the
registered guardian and the person m aking the paym ent. A dditional declaration in the
prescribed form at signed by the guardian and parents/grandparents/related persons
should be subm itted. H ow ever, if the purchase/SIP instalm ent value exceeds Rs. 50,000,
the application w ill be rejected.
– Paym ent by an em ployer on behalf of Em ployee System atic Investm ent Plans or lum p sum /
one-tim e subscription through payroll deductions, provided both em ployee and em ployer
are KYC -com pliant. A dditional declaration in the prescribed form at is also required along
w ith the application form .
– C ustodian on behalf of an FII or a C lient provided KYC is com pleted for the Investor and
C ustodian. A dditional declaration in the prescribed form at is also required along w ith the
application form .
f) Transaction Charges:
In line with the SEBI circular dated August 22, 2011 and September 13, 2012, for each
investment application (purchase) of Rs. 10,000 or more, mutual funds are permitted
to deduct transaction charges as follows:
Rs. 150/- if you are a ?rst-time investor in mutual funds.
Rs. 100/- if you are an existing Investor in mutual funds.
Mutual Fund units will be allotted only against the net investment amount - or less DD
charges and transaction charges as applicable.
Transaction charges will be deducted only if your investment is submitted through a
distributor who has ‘opted in’ to receive transaction charges.
Transaction charges will NOT be deducted:
If you invest at designated collection centres or at our website www.LNTMF.com and
do not add a distributor’s ARN.
If you invest less than Rs. 10,000 through a distributor.
If you invest via a Switch or STP as there is no additional investment.
If you invest through any stock exchange.
Note 3 – Redemption Request
Please specify schem e details and the am ount/num ber of units you w ish to redeem . If you w ish
to redeem all units, tick against the box provided for the purpose.
If your redem ption request speci es both am ount and units for redem ption, the latter w ill be
processed.
A redem ption w ill be processed only for the am ount w hich has been realised. If the balance
in the schem e/plan/option after taking into account the redem ption is below the m inim um
redem ption size (either in am ount or in units w hichever is less), the entire balance w ould be
redeem ed and paid out.
To safeguard investors against fraudulent action on their investm ents, w here a redem ption
request is received together w ith a request for change of address and/or change in bank details,
the A M C m ay release the paym ent only after com pleting necessary additional checks.
Note 4 – Switch Request
Please specify the exact source and target schem e nam es for the sw itch. For e.g. if your target
schem e is L& T Equity Fund –G row th and the source schem e is L& T C ash Fund Retail –G row th,
please ensure that all these details are lled in.
Please specify the am ount/num ber of units you w ish to sw itch. If you w ish to sw itch all units,
please tick against the box provided for the purpose.
Call: 1800 2000 400 Email: [email protected] Website: www.LNTMF.com
page 41
Bankers Certi?cate
(In case of Demand Draft/Pay Order/
Any Other pre-funded instrument)
INSTRUMENT DETAILS
DETAILS OF BANK ACCOUNT DEBITED FOR ISSUING THE INSTRUMENT
BRANCH MANAGER/DECLARANT(S)
M ode of Paym ent D em and D raft Pay O rder
Instrum ent N um ber D ate
D D | M M | Y Y Y Y
Instrum ent A m ount (in Rs.)
In Favour of/Favouring
To whomsoever it may concern:
I/W e hereby con  rm the follow ing details regarding the instrum ent issued by us:
Bank A ccount N um ber
A ccount Type (Please )
Savings C urrent
Serial N um ber Bank A ccount H older N am e PA N
1
2
3
If the issuing bank branch is outside India:
I/W e further declare that I/w e are registered as a Bank/branch as m entioned below :
U nder the Regulator
N am e of Regulator
In the C ountry
C ountry N am e
Registration N o.
Registration N um ber
I/W e con  rm having carried out necessary C ustom er due diligence w ith regard to the Bene  ciary and to the source of the funds received from him , as per the standards of A nti-M oney
Laundering law s in our country.
Signature
N am e
A ddress

C ity Postal C ode
State C ountry
Bank & Branch Seal (m andatory)
Im portant N ote: The bankers certi cate form at given above is recom m endatory in nature. A ny existing Bank Letters/C erti cates/D eclarations, w hich conform to the spirit of the
requirem ents, containing the above details can also be accepted.
page 42
This page left intentionally blank.
page 43
Third Party Payment Declaration Form should be completed in English and in BLOCK LETTERS only.
(Please read the Third Party Payment Rules and Instructions carefully before completing this Form)
Third Party Payment Declaration
FOR OFFICE USE ONLY
1. BENEFICIAL INVESTOR INFORMATION (Refer Instruction No. 2a)
2. THIRD PARTY INFORMATION (Refer Instruction No. 3)
3. THIRD PARTY PAYMENT DETAILS (Refer Instruction No. 4)
Declaration Form No.
D ate of Receipt Folio N o. Branch Trans. N o.
Status of the
Bene  cial Investor
M inor FII
C lient
Em ployee(s)
Folio N o. (For existing investor) A pplication N o.
NAME OF FIRST/SOLE APPLICANT (Applicable only if Bene?cial Investor is minor, FII/Client. Refer Instruction No. 2b)
First N am e M iddle N am e Last N am e
NAME OF THIRD PARTY (PERSON MAKING THE PAYMENT)
First N am e M iddle N am e Last N am e
N ationality PA N *
Enclosed copy of (Please )
PA N Proof* KYC C om pliance Proof*
* PAN and KYC proof is mandatory for all applicants, irrespective of the amount of investment. Please attach a copy of PAN Card and KYC. (Please refer Instructions Nos. 6 and 8)
NAME OF CONTACT PERSON & DESIGNATION (in case of N on-Individual Third Party)
First N am e M iddle N am e Last N am e
D esignation
MAILING ADDRESS (P.O. Box Address may not be suf?cient)
C ity/Tow n State Pin
CONTACT DETAILS
Tel. (O )
(ISD/STD)
Tel. (R)
(ISD/STD)
M obile
Fax E-m ail ID
RELATIONSHIP OF THIRD PARTY WITH THE BENEFICIAL INVESTOR (Refer Instruction No. 3) [Please tick () as applicable]
Status of the
Bene  cial Investor
M inor FII
C lient
Em ployee(s)
Relationship of
Third Party w ith the
Bene  cial Investor
Parent
G randparent
Related Person
(please specify)
C ustodian
SEBI Registration N o. of C ustodian
Registration Valid Till D D | M M | Y Y Y Y
Em ployer
Declaration by
Third Party
I/W e declare that the paym ent m ade on behalf
of m inor is in consideration of natural love and
affection or as a gift.
I/W e declare that the paym ent is m ade on behalf of
FII/ C lient and the source of this paym ent is from funds
provided to us by FII/C lient.
I/W e declare that the paym ent is m ade on behalf of em ployee(s), as
per the list enclosed herew ith, under System atic Investm ent Plan or
lum p sum /one tim e subscription through Payroll D eductions.
Mode of Payment (Please tick ) Mandatory Enclosure(s)*
C heque In case the account num ber and account holder nam e of the third party is not pre-printed on the cheque then a copy of the bank passbook/
statem ent of bank account or letter from the bank certifying that the third party m aintains a bank account.
Pay O rder
D em and D raft
Banker’s C heque
Procured against registered pay-in account:
Any one of the following (please tick )
Letter from Bank M anager w ith details of account holder’s nam e, bank account num ber and PA N as per bank records (if available) or
D ebit instruction from the bank, m entioning the bank account details and nam e of the Third Party, or
A copy of the passbook/bank statem ent evidencing the debit for issuance of a D em and D raft / Pay O rder.
Procured against cash (For investm ents below v 50,000/- only):
A banker’s certi cate for issuance of a D em and D raft / Pay O rder against cash stating the nam e of the Third Party, bank account num ber and
PA N as per bank record (if available)
RTG S
N EFT
Fund Transfer
C opy of the Instruction to the Bank stating the Bank A ccount N um ber w hich has been debited.
* L& T M utual Fund / L& T Investm ent M anagem ent Lim ited (“LTIM L“) reserves the right to seek inform ation and/or obtain such other additional docum ents/inform ation from the Third
Party for establishing the identity of the Third Party.
A m ount#
in gures (v) in w ords
C heque/D D /PO /U TR N o.
C heque/D D /PO /RTG S D ate D D | M M | Y Y Y Y
Pay-in Bank A /c N o.
N am e of the Bank
Branch Bank C ity
A ccount Type (Please ) Savings C urrent N RE N RO FC N R O thers (please specify)
# including D em and D raft charges, if any.
page 44
4. DECLARATION & SIGNATURE (Refer Instruction No. 5)
THIRD PARTY PAYMENT RULES
THIRD PARTY DECLARATION
I/W e con  rm having read and understood the Third Party Paym ent rules, as given below and hereby agree to be bound by the sam e.
I/W e declare that the inform ation declared herein is true and correct, w hich L& T M utual Fund is entitled to verify directly or indirectly. I/W e agree to furnish such further inform ation as
L& T M utual Fund m ay require from m e/us. I/W e agree that, if any such declarations m ade by m e/us are found to be incorrect or incom plete, L& T M utual Fund is not bound to pay any
interest or com pensation of w hatsoever nature on the said paym ent received from m e/us and shall have absolute discretion to reject / not process the A pplication Form received from
the Bene  cial Investor(s) and refund the subscription m onies.
I/W e hereby declare that the am ount invested in the Schem e is through legitim ate sources only and does not involve and is not designed for the purpose of any contravention or evasion
of any A ct, Rules, Regulations, N oti cations or D irections issued by any regulatory authority in India. I/W e w ill assum e personal liability for any claim , loss and/or dam age of w hatsoever
nature that L& T M utual Fund m ay suffer as a result of accepting the aforesaid paym ent from m e/us tow ards processing of the transaction in favour of the Bene  cial Investor(s) as detailed
in the A pplication Form .
Applicable to NRIs only :
I/W e con  rm that I am /W e are N on-Resident of Indian N ationality/O rigin and I/W e hereby con  rm that the funds for subscription have been rem itted from abroad through norm al
banking channels or from funds in m y / our N on-Resident External / O rdinary A ccount /FC N R A ccount.
Please () Yes N o
If yes, () Repatriation basis
N on-repatriation basis
Signature of the Third Party
D D | M M | Y Y Y Y
BENEFICIAL INVESTOR(S) DECLARATION & SIGNATURE/S
I/W e certify that the inform ation declared herein by the Third Party is true and correct.
I/W e acknow ledge that L& T M utual Fund reserves the right in its sole discretion to reject/not process the A pplication Form and refund the paym ent received from the aforesaid Third
Party and the declaration m ade by the Third Party w ill apply solely to m y/our transaction as the Bene  cial Investor(s) detailed in the A pplication Form . L& T M utual Fund w ill not be liable
for any dam ages or losses or any claim s of w hatsoever nature arising out of any delay or failure to process this transaction due to occurrences beyond the control of L& T M utual Fund.
Applicable to Guardian receiving funds on behalf of Minor only:
I/W e con  rm that I/W e are the guardian of the M inor registered in folio and have no objection to the funds received tow ards Subscription of U nits in this Schem e on behalf of the m inor.
*Sole/First A pplicant/G uardian Second A pplicant Third A pplicant
* A uthorised signatory on behalf of em ployee(s), as per the list enclosed.
D D | M M | Y Y Y Y
1. In accordance w ith A M FI best practice guidelines C ircular N o. 16/2010-11, pertaining
to “risk m itigation process against Third Party instrum ents and other paym ent m odes
for m utual fund subscriptions“, m utual funds/asset m anagem ent com panies shall
ensure that Third-Party paym ents are not used for m utual fund subscriptions.
2a. The follow ing w ords and expressions shall have the m eaning speci ed herein:
(a) “Bene?cial Investor” is the rst nam ed applicant/investor in w hose nam e the
application for subscription of U nits is applied for w ith the M utual Fund.
(b) “Third Party” m eans any person m aking paym ent tow ards subscription of U nits
in the nam e of the Bene  cial Investor.
(c) “Third Party payment” is referred to as a paym ent m ade through instrum ents
issued from a bank account other than that of the rst nam ed applicant/investor
m entioned in the application form .
In case of paym ents from joint bank account, the rst holder of the m utual fund
folio has to be one of the joint holders of the bank account from w hich the
paym ent is m ade.
Illustrations
Illustration 1: A n A pplication subm itted in joint nam es of A , B & C along w ith
cheque issued from a bank account in nam es of B, C & Y. This w ill be considered
as Third Party paym ent.
Illustration 2: A n A pplication subm itted in joint nam es of A , B & C along w ith
cheque issued from a bank account in nam es of C , A & B. This w ill not be
considered as Third Party paym ent.
Illustration 3: A n A pplication subm itted in joint nam es of A , B & C along w ith
cheque issued from a bank account in nam e of A . This w ill not be considered
as Third Party paym ent.
2b. L& T M utual Fund w ill not accept subscriptions w ith Third Party paym ents except
in the follow ing exceptional cases, w hich is subject to subm ission of requisite
docum entation/ declarations:
(i) Paym ent by Parents/G rand-Parents/Related Persons* on behalf of a m inor in
consideration of natural love and affection or as gift for a value not exceeding
v 50,000/- for each regular Purchase or per SIP installm ent.
(ii) Paym ent by Em ployer on behalf of em ployee(s) under System atic Investm ent
Plan (SIP) or lum p sum /one-tim e subscription, through Payroll deductions.
(iii) C ustodian on behalf of an Foreign Institutional Investor (FII) or a C lient
* ‘Related Person’m eans any person investing on behalf of a m inor in consideration
of natural love and affection or as a gift.
2c. A pplications subm itted through the above m entioned ‘exceptional cases’are required
to com ply w ith the follow ing, w ithout w hich applications for subscriptions for units
w ill be rejected / not processed / refunded.
(i) KYC A cknow ledgem ent letter (as issued by C D SL Ventures Lim ited) of the
Bene  cial Investor and the person m aking the paym ent i.e. Third Party.
(ii) D eclaration Form containing the details of the bank account from w hich the
paym ent is m ade and the relationship w ith the investor(s). The declaration has to
be given by the person m aking the paym ent i.e., third party. The said form shall
be available at Investor Service C entres of the Fund or can be dow nloaded from
our w ebsite w w w .lntm f.com .
2d. Investor(s) are requested to note that any application for subscription of U nits of the
Schem e(s) of L& T M utual Fund accom panied w ith Third Party paym ent other than
the above m entioned exceptional cases as described in Rule (2b) above is liable for
rejection w ithout any recourse to Third Party or the applicant investor(s).
The above mentioned Third Party Payment Rules are subject to change from time to time. Please contact any of the Investor Service Centres of L&T Mutual Fund for
any further information or updates on the same.
page 45
INSTRUCTIONS
1. GENERAL INSTRUCTIONS
Please read the term s of the Key Inform ation M em orandum , the Schem e Inform ation
D ocum ent carefully before m aking an investm ent decision and lling up the A pplication
Form . Investors are deem ed to have accepted the term s of subject to w hich these offers
are being m ade and bind them selves to the term s upon signing the A pplication Form and
tendering paym ent for investm ent.
Manner of ?lling Application Form
M anner m ust be com pleted in BLO C K LETTERS in EN G LISH .
Please tick in appropriate box for relevant options w herever applicable. Signatures
should be in English or in any Indian Language. Thum b im pressions m ust be attested
by a M agistrate/N otary Public under his/her of cial seal. Subm ission of A pplication: D uly
com pleted applications along w ith full paym ent m ust be rem itted at the designated
C ollection C entres or m ay be routed through A gents of L& T M utual Fund. N ote: Kindly
retain the acknow ledgem ent slip initiated/stam ped by the collecting authority.
2. BENEFICIAL INVESTOR INFORMATION
a. The Third Party should provide the Folio N um ber of the Bene cial Investor already
having an account in any of the L& T M utual Fund Schem es in Section 1. In case the
Bene  cial Investor does not have a Folio N um ber, the Third Party should m ention the
A pplication N um ber as stated in the A pplication Form . N am e m ust be w ritten in full.
b. Investors are requested to provide the nam e of G uardian (if Sole/First applicant is a
M inor) or nam e of the FII/C lient, if the Bene  cial Investor is a FII/C lient. Please note
that the nam e of the First/Sole A pplicant should be m atch w ith the details m entioned
in the A pplication Form . If the Bene  cial Investors are em ployees, a separate list of
em ployees m entioning their codes and signatures and list of authorised signatories
on behalf of em ployees along w ith the KYC com pliance and PA N details of each
em ployees shall be furnished by the em ployer on its letterhead.
3. THIRD PARTY INFORMATION
“Third Party”includes the Parent, G rand Parent, Related Person, C ustodian or Em ployer,
m aking paym ent tow ards subscription of U nits in the nam e of the Bene  cial Investor(s).
Full N am e and relationship of Third Party w ith the Bene  cial Investor m ust be provided.
The Relationship declared by the Third Party w ill suggest that the paym ent m ade on behalf
of Bene  cial Investor(s) is:
a. O n behalf of a m inor in consideration of natural love and affection or as gift for
a value not exceeding v 50,000/- (w hich includes each regular purchase or per SIP
installm ent) m ade by Parents/G rand Parents/ Related Persons; or
b. O n behalf of em ployee under System atic Investm ent Plans or as lum p sum / one-tim e
subscription, through Payroll deductions m ade by em ployer; or
c. O n behalf of an FII or a C lient m ade by the C ustodian.
M ailing address and contact details of Third Party m ust be w ritten in full.
4. THIRD PARTY PAYMENT DETAILS
Third Party m ust provide in the D eclaration Form the details of the Pay-in Bank A ccount i.e.
account from w hich subscription paym ent is m ade in the nam e of the Bene cial Investor(s).
The D eclaration Form w ith incom plete paym ent details shall be rejected. The follow ing
docum ent(s) is/are required to be subm itted by Third Party as per the m ode of paym ent
selected:
(i) Source of funds - if paid by cheque
In case the account num ber and account holder nam e of the third party is not pre-printed
on the cheque, then the third party should provide any one of the follow ing docum ents:
1. A copy of the bank passbook or a statem ent of bank account having the nam e and
address of the account holder and account num ber; or
2. A letter (in original) from the bank on its letterhead certifying that the third party
m aintains an account w ith the bank, along w ith inform ation like bank account
num ber, bank branch, account type, the M IC R code of the branch & IFSC C ode
(w here available). The said letter should be certi ed by the bank m anager w ith his /
her full signature, nam e, em ployee code, bank seal and contact num ber.
The original docum ents along w ith the docum ents m entioned above should be
subm itted to the O f cial Points of A cceptance of L& T M utual Fund. The copy of such
docum ents w ill be veri ed w ith the original docum ents to the satisfaction of the L& T
M utual Fund / Registrar and Transfer A gent. The original docum ents w ill be returned
across the counter after due veri cation.
(ii) Source of funds - if funded by pre-funded investments such as Pay Order,
Demand Draft, Banker’s cheque etc. against registered Pay-in account
a. a proof of debit to the investor’s bank account in the form of a bank m anager’s
certi cate w ith details of account holder’s nam e, bank account num ber and PA N as
per bank records, if available, or
b. a copy of the acknow ledgem ent from the bank, w herein the instructions to debit
carry the bank account details and nam e of the investor as an account holder are
available, or
c. a copy of the passbook/bank statem ent evidencing the debit for issuance of a D D .
(iii) Source of funds - if paid by RTGS, Bank Account-to-Account Transfer, NEFT,
ECS, etc.
1. In such case, investor is required to provide a copy w hich has been provided to the
Bank indicating the account num ber and the debit instructions.
2. For paym ent through online m ode A M C m ay m atch payer account details w ith
registered Pay-in bank accounts of the Investor.
(iv) Source of funds - if paid by a pre-funded instrument issued by the Bank
against Cash
Subscription through a pre-funded instrum ent procured against cash shall only be accepted
for investm ents below v 50,000/-. Investor is required to provide a banker’s certi cate for
issuance of a D D against cash stating the investor’s nam e, bank account num ber and PA N
as per bank record (if available).
H ow ever, investors are requested to note that such bank account num ber of the investor is
sam e as the one of the registered bank account m andate(s) w ith the m utual fund or w ith
the bank details m entioned in the A pplication Form .
5. SIGNATURE(S)
Signature(s) should be in English or in any Indian Language. D eclarations on behalf of
m inors/FII clients/Em ployee should be signed by their G uardian/C ustodian/Em ployer
respectively.
6. PERMANENT ACCOUNT NUMBER
A s per SEBI C ircular dated A pril 27,2007, Perm anent A ccount N um ber (PA N ) has been
m ade the sole identi cation num ber for all participants transacting in the securities
m arket, irrespective of the am ount of transaction, effective July 2, 2007. Transactions by
unit holder/investors w ho fail to subm it copy of PA N are liable to be rejected.
A ccordingly, it is m andatory for all investors to quote their Perm anent A ccount N um ber
(PA N ) and subm it certi ed copy of the PA N card issued by the Incom e Tax D epartm ent,
irrespective of the am ount of investm ent, w hile m aking an application for Purchase of
U nits. In case of joint holding, PA N details of all holders should be subm itted. In case
the application is on behalf of m inor, PA N details of the G uardian m ust be subm itted.
Furnishing an incorrect PA N or not furnishing these details could invite a penalty of
v 10,000 as per the extant provisions of the Incom e Tax A ct, 1961.
H ow ever, there are certain nature of transactions and type of clients for w hich PA N is not
m andatory, as m entioned below :
• M icro SIPs: SIPs upto v 50,000/- per year per investor;
• Investm ents from investors residing in the state of Sikkim ;
• Investm ents from C entral G overnm ent, State G overnm ent and the of cial appointed
by the C ourts e.g. O f cial Liquidator, C ourt Receiver etc. (under the category of
G overnm ent).
In all the above cases, Investors are requested to subm it such docum ents as m entioned
under “N on PA N based KYC applicability“under the Section “Know Your C ustom er“.
7. PREVENTION OF MONEY LAUNDERING
SEBI vide its circular reference num ber ISD /C IR/RR/A M L/1/06 dated January 18, 2006
m andated that all interm ediaries including M utual Funds should form ulate and im plem ent
a proper policy fram ew ork as per the guidelines on anti m oney laundering m easures and
also to adopt a Know Your C ustom er (KYC ) policy.
The Third Party should ensure that the am ount invested in the Schem e is through
legitim ate sources only and does not involve and is not designated for the purpose of any
contravention or evasion of the provisions of the Incom e Tax A ct, Prevention of M oney
Laundering A ct (PM LA ), Prevention of C orruption A ct and / or any other applicable law
in force and also any law s enacted by the G overnm ent of India from to tim e or any rules,
regulations, noti cations or directions issued thereunder.
To ensure appropriate identi cation of the Third Party and w ith a view to m onitor
transactions for the prevention of m oney laundering, L& T M utual Fund reserves the right
to seek inform ation and/or obtain and retain docum entation for establishing the identity
of the third party, proof of residence, source of funds, etc. It m ay re-verify identity and
obtain any incom plete or additional inform ation for this purpose.
L& T M utual Fund and their D irectors, em ployees and agents shall not be liable in any
m anner for any claim s arising w hatsoever on account of freezing the folios/rejection of any
application / allotm ent of U nits or m andatory redem ption of U nits due to non com pliance
w ith the provisions of the A ct, SEBI/A M FI circular(s) and KYC policy and / or w here the
A M C believes that transaction is suspicious in nature w ithin the purview of the A ct and
SEBI/A M FI circular(s) and reporting the sam e to FIU -IN D .
8. KNOW YOUR CUSTOMER (KYC) COMPLIANCE
A s per SEBI guidelines, “Know Your C ustom er (KYC )“policy should clearly spell out the
client identi cation procedure in order to im plem ent the anti m oney laundering provisions
as envisaged under the A nti M oney Laundering A ct, 2002. Investors are requested to
note that it shall be m andatory to quote the KYC C om pliance status and attach attested/
certi ed copy of KYC A cknow ledgem ent of all fresh investm ent transactions registered by
Individual investors effective January 1, 2011, irrespective of the am ount of investm ent.
Individual investors shall include each of the applicants, in case of application in joint
nam e, Pow er of A ttorney (PO A ) holders w here investm ents are m ade through a PO A ,
G uardian w here investm ents are m ade in the nam e of a m inor and individual becom ing
an investor due to an operation of law .
In order to m ake the data capture and docum ent subm ission easy and convenient for the
investors, m utual fund industry has collectively entrusted this responsibility of collection of
docum ents relating to identity and address and record keeping to an independent agency
presently C D SL Ventures Lim ited (C VL) that w ill act as central record keeping agency. A s a
token of having veri ed the identity and address and for ef cient retrieval of records, C VL
w ill issue an acknow ledgem ent to each investor w ho subm its an application.
• PAN Based Common Standard KYC through CVL
Investor w ho w ish to com plete the KYC requirem ents have to subm it a com pleted
A pplication Form for KYC along w ith all the prescribed docum ents listed in the KYC
A pplication Form , at any of the Point of Service (‘PO S’). PO S are the designated centres
appointed by C VL for receiving application form s, checking the docum ents and issuing the
acknow ledgem ent thereof.
The KYC for investor w ill be perform ed based on the Perm anent A ccount N um ber (A PN ),
so subm ission of PA N is m andatory for all the investors. C VL w ill not issue any new num ber
instead PA N w ill be accepted as the identi cation num ber for the investor. The investor
w ill quote their PA N at the tim e of investm ent in the Schem e for w hich the Front O f ce of
the A M C /Registrar & Transfer A gent w ill access the C VL database for detailed inform ation.
The acknow ledgem ent w ill be issued by C VL based on the subm ission of the follow ing
proof/docum ents:
i) photo, ii) proof of identity, iii) proof of address, iv) copy of PA N C ard, v) inform ation w ith
regard to nancial status and other dem ographic details, and vi) any other inform ation
and/or docum entation to establish identity of any unitholder.
page 46
INSTRUCTIONS (contd.)
It should also be noted that investors are required to be registered w ith C VL, failing to do
so the KYC for the investor w ill not be com plete and the investm ent for the investor is
liable to be rejected.
• Non PAN Based KYC applicability
For certain nature of transactions and type of clients, PA N is not m andatory. In such
cases, com m on standard KYC through C VL w ill not apply. In such cases, the client w ill
have to subm it certain docum ents as elaborated below and KYC w ill be handled by the
A M C /Registrar & Transfer A gent i.e. C om puter A ge M anagem ent Services Private Lim ited
directly. Such nature of transaction and type of clients and the docum ents required for
successful com pletion of KYC is m entioned below :
A. Micro SIPs: Micro schemes such as Micro SIPs upto v 50,000/- per year per
investor
D ocum ents required
1. Standard speci ed identi cation instrum ents like Voter ID card, G overnm ent/D efence
ID card, C ard of reputed em ployer, D riving Licence, Passport in lieu of PA N .
2. Proof of address copy. It is clari ed that w here photo identi cation docum ent contains
the address of the investor, a separate proof of address is not required.
3. Supporting docum ents copy shall be self-attested by the investor/attested by the A RN
holder m entioning the A RN num ber or attested by any com petent authority.
H ow ever, it is clari ed that Investors w ith PA N are required to follow PA N based com m on
standard KYC through C VL procedure as m entioned above.
B. Investments from investors residing in Sikkim
D ocum ents required
1. Proof of address of Sikkim state and application form should m ention the sam e
address.
2. A ddress proof shall be self-attested by the investor/attested by the A RN holder
m entioning the A RN num ber or attested by any com petent authority.
C. Investments from Central Government, State Government and the of?cials
appointed by the courts, e.g., Of?cial Liquidator, Court receiver, etc., (under
the category of Government)
D ocum ents required
1. Proof of identity as docum entary evidence in support of the claim for such an
exem ption.
2. Such proof shall be self-attested by the investor/attested by the A RN holder
m entioning the A RN num ber or attested by any com petent authority.
For com plying w ith the KYC requirem ent, all the investors could approach PO S or C VL for
subm itting their KYC A pplication Form (KA F) and the m andatory docum ents of Proof of
Identity and Proof of A ddress. The list of all docum ents required to ll up the form and the
detailed process is m entioned above and can be found in the KYC A pplication Form . A n
updated list of PO S is available at w w w .lntm f.com and at w w w .cvlindia.com .
A fter veri cation of the KYC A pplication Form and accom panying docum ents, investors
w ill receive a letter certifying their KYC com pliance. Investors are requested to visit the
Know ledge C entre Section of our w ebsite w w w .lntm f.com and also read the KYC section
of Statem ent of A dditional Inform ation (SA I) in detail.
Investors are requested to note that KYC w ould be subject to veri cation of the veracity of
the claim of the investors by collecting suf cient docum entary evidence. The A M C reserves
the right to ask for the necessary docum entation to the satisfaction of the m utual fund.
The A M C , under pow ers delegated by the Trustee, shall have absolute discretion to reject
any application, prevent further transactions by a U nit holder, if after due diligence, the
investor/unitholder/a person m aking the paym ent on behalf of the investor does not ful l
the requirem ents of the KYC Policy or the A M C believes that the transaction is suspicious
in nature w ith regard to m oney laundering.
page 47
1. Gross Annual Income Details Please tick () Below 1 Lac 1-5 Lacs 5-10 Lacs 10-25 Lacs >25 Lacs
[OR]
Net-worth in v as on (date)
Know Your Client (KYC)
Application Form (For Individuals Only)
Application No. :
Ver. 06-2012
1. Name of Applicant (A s appearing in supporting identi cation docum ent)
DECLARATION
I hereby declare that the details furnished above are true and correct to the best of m y know ledge and belief and I undertake
to inform you of any changes therein, im m ediately. In case any of the above inform ation is found to be false or untrue or
m isleading or m isrepresenting, I am aw are that I m ay be held liable for it. I hereby authorise sharing of the inform ation
furnished on this form w ith all SEBI registered KYC Registration A gencies.
Place : D ate :
N am e
Father's /
Spouse's N am e
A. Identity Details (please see guidelines overleaf)
SIGNATURE OF APPLICANT
I
5. PAN Please enclose a duly attested copy of your PA N C ard.
U nique Identi cation N um ber (U ID )/A adhaar, if any
4. Status Please tick () Resident Individual N on Resident Foreign N ational (Passport copy m andatory for N RIs and Foreign N ationals)
6. Proof of Identity submitted for PAN exempt cases Please tick ()
U ID (A adhaar) Passport Voter ID D riving License O thers (please see guideline 'D ' overleaf)
2a. Gender Please tick () M ale Fem ale 2b. Marital Status Please tick () Single M arried
2c. Date of Birth
/ /
D D M M Y Y Y Y
/ /
D D M M Y Y Y Y
/ /
D D M M Y Y Y Y
3. Nationality Please tick ()
Indian O thers Please specify
B. Address Details (please see guidelines overleaf)
2. Contact Details
4. Permanent Address of Resident Applicant if different from B1 above OR Overseas Address (Mandatory) for Non-Resident Applicant
1. Address for Correspondence
C ity / Tow n / Village Postal C ode
State C ountry
E-M ail Id.
Tel. (O ff.) (ISD) (STD) Tel. (Res.) (ISD) (STD)
M obile (ISD) (STD) Fax (ISD) (STD)
C ity / Tow n / Village Postal C ode
State C ountry
2. Occupation Details (Please tick () any one and give brief details)
Private Sector Service Public Sector G overnm ent Service Business Professional A griculturist Retired H ousew ife
Student Forex D ealer O thers (Please specify)
3. Please tick if applicable: Politically Exposed Person (PEP) Related to a Politically Exposed Person (PEP) For de nition of PEP, please refer guideline overleaf
4. Any other information:
C. Other Details (please see guidelines overleaf)
Please specify
3. Proof of address to be provided by Applicant. Please submit ANY ONE of the following valid documents & tick () against the document attached.
Passport Ration C ard Registered Lease / Sale A greem ent of Residence D riving License Voter Identity C ard *Latest Bank Bank A ccount Statem ent/Passbook
*Latest Telephone Bill (only Land Line) *Latest Electricity Bill *Latest G as Bill O thers *N ot m ore than 3 m onths old.
Please specify
5. Proof of address to be provided by Applicant. Please submit ANY ONE of the following valid documents & tick () against the document attached.
Passport Ration C ard Registered Lease / Sale A greem ent of Residence D riving License Voter Identity C ard *Latest Bank Bank A ccount Statem ent/Passbook
*Latest Telephone Bill (only Land Line) *Latest Electricity Bill *Latest G as Bill O thers *N ot m ore than 3 m onths old. Please specify
(* N et w orth should not be older than 1 year)
PHOTOGRAPH
Please affix
a recent passport
size photograph and
sign across it
Seal/Stam p of the interm ediary should contain
Staff N am e
D esignation
N am e of the O rganization
Signature
A M C /Interm ediary nam e OR code
(O riginals Veri ed) Self C erti ed D ocum ent copies received
(A ttested) True copies of docum ents received
FOR OFFICE USE ONLY IPV Done on
Seal/Stam p of the interm ediary should contain
Staff N am e
D esignation
N am e of the O rganization
Signature
D ate
page 47
page 48
A. IMPORTANT POINTS:
1. Self attested copy of PA N card is m andatory.
2. C opies of all the docum ents subm itted by the applicant should
be self-attested and accom panied by originals for veri cation.
In case the original of any docum ent is not produced for
veri cation, then the copies should be properly attested by
entities authorized for attesting the docum ents,as per the list
m entioned under [E].
3. If any proof of identity or address is in a foreign language, then
translation into English is required.
4. N am e & address of the applicant m entioned on the KYC
form ,should m atch w ith the docum entary proof subm itted.
5. If correspondence & perm anent addresses are different, then
proofs for both have to be subm itted.
6. Sole proprietor m ust m ake the application in his individual nam e
& capacity.
7. For non-residents and foreign nationals,(allow ed to trade subject
to RBI and FEM A guidelines), copy of passport/PIO C ard/O C IC ard
and overseas address proof is m andatory.
8. In case of M erchant N avy N RI’s, M ariner’s declaration or certi ed
copy of C D C (C ontinuous D ischarge C erti cate) is to be subm itted.
9. For opening an account w ith D epository participant or M utual
Fund, for a m inor, photocopy of the School Leaving C erti cate/
M ark sheet issued by H igher Secondary Board/Passport of M inor/
Birth C erti cate m ust be provided.
10. Politically Exposed Persons (PEP) are de  ned as individuals w ho
are or have been entrusted w ith prom inent public functions
in a foreign country, e.g., H eads of States or of G overnm ents,
senior politicians, senior G overnm ent/judicial/m ilitary of cers,
senior executives of state ow ned corporations, im portant political
party of cials,etc.
B. Proof of Identity (POI): List of documents admissible as
Proof of Identity (*Documents having an expiry date
should be valid on the date of submission.):
1. PA N card w ith photograph. This is a m andatory requirem ent
for all applicants except those w ho are speci cally exem pt from
obtaining PA N (listed in Section D ).
2. U nique Identi cation N um ber (U ID ) (A adhaar)/Passport/Voter ID
card/D riving license.
3. Identity card/ docum ent w ith applicant’s Photo, issued by any of
the follow ing: C entral/State G overnm ent and its D epartm ents,
Statutory/Regulatory A uthorities, Public Sector U ndertakings,
Scheduled C om m ercial Banks, Public Financial Institutions,
C olleges af liated to U niversities, Professional Bodies such as
IC A I, IC W A I, IC SI, Bar C ouncil etc., to their M em bers; and C redit
cards/D ebit cards issued by Banks.
C. Proof of Address (POA): List of documents admissible as
Proof of Address: (*Documents having an expiry date
should be valid on the date of submission.)
1. Passport/Voters Identity C ard/Ration C ard/Registered Lease or
Sale A greem ent of Residence/D riving License/Flat M aintenance
bill/Insurance C opy.
2. U tility bills like Telephone Bill (only land line),Electricity bill or
G as bill -N ot m ore than 3 m onths old.
3. Bank A ccount Statem ent/Passbook -N ot m ore than 3 m onths
old.
4. Self-declaration by H igh C ourt and Suprem e C ourt judges, giving
the new address in respect of their ow n accounts.
5. Proof of address issued by any of the follow ing: Bank M anagers
of Scheduled C om m ercial Banks/Scheduled C o-operative Bank/
M ultinational Foreign Banks/G azetted O f cer/N otary public/
Elected representatives to the Legislative A ssem bly or Parliam ent/
D ocum ents issued by any G ovt. or Statutory A uthority.
6. Identity card/docum ent w ith address, issued by any of the
follow ing: C entral/State G overnm ent and its D epartm ents,
Statutory/Regulatory A uthorities, Public Sector U ndertakings,
Scheduled C om m ercial Banks, Public Financial Institutions,
C olleges af liated to U niversities and Professional Bodies such
as IC A I, IC W A I,IC SI,Bar C ouncil etc.,to their M em bers.
7. The proof of address in the nam e of the spouse m ay be accepted.
D. Exemptions/clarifications to PAN (*Sufficient documentary
evidence in support of such claims to be collected.)
1. In case of transactions undertaken on behalf of C entral
G overnm ent and/or State G overnm ent and by of cials appointed
by C ourts e.g. O f cial liquidator,C ourt receiver etc.
2. Investors residing in the state of Sikkim .
3. U N entities/m ultilateral agencies exem pt from paying taxes/ ling
tax returns in India.
4. SIP of M utual Funds up to Rs 50,000/- p.a.
E. List of people authorized to attest the documents after
verification with the originals:
1. A uthorised of cials of A sset M anagem ent C om panies (A M C ).
2. A uthorised of cials of Registrar & Transfer A gent (R& T) acting
on behalf of the A M C .
3. KYD com pliant m utual fund distributors.
4. N otary Public, G azetted O f cer, M anager of a Scheduled
C om m ercial/C o-operative Bank or M ultinational Foreign Banks
(N am e,D esignation & Seal should be af xed on the copy).
5. In case of N RIs, authorized of cials of overseas branches of
Scheduled C om m ercial Banks registered in India, N otary Public,
C ourt M agistrate, Judge, Indian Em bassy/C onsulate G eneral in
the country w here the client resides are perm itted to attest the
docum ents.
6. G overnm ent authorised of cials w ho are em pow ered to issue
A postille C erti cates.
F. List of people authorized to perform In Person Verification
(IPV):
1. A uthorised of cials of A sset M anagem ent C om panies (A M C ).
2. A uthorised of cials of Registrar & Transfer A gent (R& T) acting
on behalf of the A M C .
3. KYD com pliant m utual fund distributors.
4. M anager of a Scheduled C om m ercial/C o-operative Bank or
M ultinational Foreign Banks (for investors investing directly).
INSTRUCTIONS / CHECK LIST FOR FILLING KYC FORM
a
l
o
k
g
r
a
p
h
ic
s
Please Submit the KYC Documents on A4 Size Paper Only.
page 48

doc_794804471.pdf