WHAT AN END TO FY11!
Dear All,
It gives me immense pleasure to inform you that all the hard work and effort
put by everyone at L&T Mutual Fund and by our Associates have yielded results.
We have made a good end to FY11.
In the financial year 2010-2011, the Assets Under Management (AUM) of L&T
Mutual Fund has grown by 58% (yoy in absolute terms), whereas industry AUM was
down during the same period by approximately 6% (Source: www.amfiindia.com as
on 31st March 2011).
In the financial year 2010-2011, we are the 4th fastest growing mutual fund in
percentage terms and 6th largest in terms of absolute increase in average AUM
(AAUM) (Source: www.amfiindia.com as on 31st March 2011)out of all Mutual Funds
which had an existing AUM in March 2010.
AAUM for
Jan - Mar 2010
(Rs. in Crores)
AAUM for
Jan - Mar 2011
(Rs. in Crores)
Net Change (Rs. in Crores)
Growth
2556
4030
1474
58%
L&T Mutual Fund also won its first award last month - L&T Monthly Income Plan
has been ranked as a Five Star Fund by ICRA at the ICRA Mutual Fund Awards 2011
in the category of 'Open Ended Marginal Equity' schemes for its 3 year
performance till December 31, 2010. The rankings have been arrived at after an
in-depth analysis of critical parameters, including risk-adjusted performance,
portfolio concentration characteristics, corpus size and average maturity.
Monthly income is not assured and is subject to distributable surplus.
Past performance may or may not be sustained in future and is no guarantee to
future results.The growth our of mutual fund is the outcome of the dedication
and determination of our employees and associates. It is also a testimony to
the faith that our investors have on us.
The numbers signify that Expertise, Commitment and Solidity are not just words
but also our firm resolve. I would like to thank everyone for having
contributed either directly or indirectly to this achievement of L&T Mutual
Fund.
Regards,
Sanjay Sinha
CEO, L&T Mutual Fund
Website: www.LNTMF.com • SMS: LNTMF to 567678 • Toll free: 1800 209 6565
.
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