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L&T MIP - Wealth Builder Fund - Changes in fundamental attributes

L&T Mutual Fund has announced following changes in L&T MIP - Wealth Builder Fund:

Name of the scheme: The name of the scheme has been changed to L&T Equity Savings Fund. Now, it will be an open-ended equity scheme.

Investment Objective: The investment objective of the scheme is to invest primarily in arbitrage opportunities in cash and derivatives segment and to generate long term capital appreciation through un-hedged exposure to equity and equity related instruments.

Asset Allocation Pattern: The asset allocation pattern has been changed to 65-90 per cent allocation in equity and related instruments and 10-35 per cent allocation in debt, money market instruments and government securities.

Fund Managers: In addition to Mr. Venugopal Manghat and Mr Vikram Chopra, Mr. Praveen Ayathan will also manage the fund.

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