“L&T Midcap Fund, the Game Changer for Midcaps.”- CEO, MySIPonline


Posted May 3, 2019 by mysiponline

Read to know why “L&T Midcap Fund, the Game Changer for Midcaps.”- CEO, MySIPonline.

 
MySIPonline, a successful startup that provides investment solutions to the investors witnessed huge increment in the number of investors inclined towards mid cap funds.
Some change for the game while others change the game, this sounds apt in case of L&T Midcap fund.

Midcap mutual funds were earlier often overlooked by many investors because of the ‘risky’ tag that comes handy with them. However, some midcap schemes played a vital role in writing the success story of such funds. L&T Midcap Fund is one such scheme that changed the perspective of Indian investors.

L&T Midcap Fund has a separate fan base among the high risk takers. Launched on 9th August, 2004 the fund has achieved remarkable growth rate over the years. As on 31st March, 2019 the AUM of the midcap fund of L&T is Rs. 4390 Crore. These numbers indirectly portrays the trust of the investors. The mutual fund targets 78 stocks of the midcap companies which can give a tough competition to the large cap companies in terms of growth rate.

“Market was completely shattered by the volatility of 2018 that burned the holes of many investors. The midcap stocks too suffered heavy loses surging negative returns. But, resolution of internal issues paved the way for the midcap stocks to bounce back in 2019. Moreover, the financial market is looking bullish in the new quarter which will again add fuel to the fire”, says an expert of MySIPonline.


Well, the journey to top wasn’t easy for the L&T Midcap Fund. The fund manager, Mr. Soumendra Nath Lahiri leaved no stone unturned in implementing the best investment strategy to grab the market opportunity. The portfolio of this mid cap mutual fund is very sound and capable enough to ride out short term volatility. The fund focuses majorly on the growth stocks of the mid cap companies. According to the market researcher of MySIPonline, currently the scheme invests large percentage of assets in the Finance sector which is considered as the backbone of Indian Economy. Apart from finance sector, the AUM is also diversified in many promising sectors like, construction, engineering, services, healthcare, chemicals, metals, etc.

Mutual Fund platforms like MySIPonline, also played a significant role in drawing the attention of the investors towards L&T Midcap Fund. The scheme has always been one of the top recommended schemes of MySIPonline. Mr. Virendra Ranawat, the CEO of the firm said that the team works really hard for finding the diamond among the rough. When the experts analyzed the asset allocation and future growth aspect of this mid cap fund, we knew that another wealth generating scheme is in the making.

Moreover, the online investment platform, MySIPonline currently works with 22 AMC and now plans to increase the number. The fund is in talks with other AMC giants as well. Started with the prime objective of providing best financial solutions, the company aims to achieve the objective through the schemes like, L&T Midcap Fund.

Visit https://www.mysiponline.com/mutual-fund/l-t-midcap-fund/mso1532 For More Details.
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Last Updated May 4, 2019