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L&T Mutual Fund launches L&T Nifty 50 Index Fund & L&T Nifty Next 50 Index Fund

NFO scheduled to open on March 24,2020 and close on March 31,2020

· Open-ended equity schemes suitable for both first time as well as seasoned investors

· Offers diversification of portfolio by investing in market leaders of different sectors

L&T Investment Management, the mutual fund arm of L&T Financial Services, today announced the launch of L&T Nifty 50 Index Fund and L&T Nifty Next 50 Index Fund. The New Fund Offer (NFO) is scheduled to open on March 24 and close on March 31,2020.

These open-ended index funds seek to replicate the performance of the Nifty 50 Index and Nifty Next 50 Index and operate predominantly in the large cap space as defined by SEBI.Such funds offer diversification by investing in market leaders of different sectors.

The funds will be managed by Mr. Praveen Ayathan.

The L&T Nifty 50 Index Fundwill track the Nifty 50 which is the flagship index on the National Stock Exchange of India Ltd. (NSE). The indextracks the behavior of a portfolio of blue-chip companies, the largest and most liquid Indian securities. It includes 50 of theapproximately 1,600 companies traded on the exchange and captures approximately 65% of its float-adjusted market capitalization. The fund covers major sectors of the Indian economy and offers investors the exposure to the Indian market inone efficient portfolio.

The L&T Nifty Next 50 Index Fund will track the stocks that are the next 50 by market capitalization after the top 50 largest companies which are inthe Nifty 50. Predominantly composed of large cap stocks, this category is believed to be the steppingstone to become a part of Nifty 50index. It has historically been a transition category for a large number of companies that are leaders in their respectiveindustries, today.

Mr. Kailash Kulkarni, Chief Executive, L&T Investment Management Ltd. said, “Markets today provide an opportune platform for investors to invest in a well- diversified portfolio of fundamentally strong, highly liquid and well-known companies. We see Index funds as part of a prudent investment design and suitable for both first-time as well as seasoned investors. Investors can wisely use these opportunities in combination with actively managedfunds, to build a solid long- term portfolio.”

The fundsare designed for investors who are looking for equity exposure through passive investing strategy and with a long-terminvestment horizon, to grow wealth.

About Investment Management Ltd:

L&T Mutual Fund is one of the prominent Asset Management Companies (AMC) in India.

L&T Investment Management is a part of L&T Finance Holdings Limited and was incorporated on April 25, 1996. With over Rs 71,000-crore AAUM (Average Assets Under Management) as of December 31, 2019, and close to 30 lakh folios, our aim is to become the best value provider of investment solutions across asset classes.

Our commitment to catering to different customers and a strong focus on creating value have resulted in a basket of 27 funds, which comprises of 10 open ended equity schemes, 12 open ended debt/fixed income schemes and 5 hybrid schemes.

We believe the key to building wealth is a solid foundation, and therefore, when you invest with L&T Mutual Fund, you invest in happiness for the long term.