Moneycontrol
Feb 15, 2018 12:19 PM IST | Source: Moneycontrol.com

L&T Mutual Fund benchmarks equity schemes to Total Return Index

The total-return variant captures the value of dividends paid out by companies, and the price-return variant captures capital gains of companies in the index

Moneycontrol News @moneycontrolcom

L&T Mutual Fund has revised the benchmark indices of equity schemes, with effect from Feb 14, the fund house said in a newspaper notice.

The Securities Exchange Board of India, on Jan 4, instructed fund houses to compare the performance of their schemes with the total-return variant of its benchmark index as against its current price-return variant.

The total-return variant captures the value of dividends paid out by companies, and the price-return variant captures capital gains of companies in the index.

Consequently, the revised benchmarks of the schemes are as follows:
 SCHEMEREVISED BENCHMARKEARLIER BENCHMARK
L&T Midcap FundNifty Free Float Midcap 100 TRI IndexNifty Free Float Midcap 100 Index
L&T Infrastructure FundNifty Infrastructure TRI IndexNifty Infrastructure Index
L&T India Large Cap FundS&P BSE 100 TRI IndexS&P BSE 200 Index
L&T Business Cycles FundS&P BSE 200 TRI IndexS&P BSE 200 Index
L&T Equity FundS&P BSE 200 TRI IndexS&P BSE 200 Index
L&T India Special Situations FundS&P BSE 200 TRI IndexS&P BSE 200 Index
L&T India Value FundS&P BSE 200 TRI IndexS&P BSE 200 Index
L&T Long Term Advantage-Fund 1S&P BSE 200 TRI IndexS&P BSE 200 Index
L&T Tax Advantage FundS&P BSE 200 TRI IndexS&P BSE 200 Index
TRI-Total Return Index
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