Moneycontrol

Budget 2023Budget 2023

PARTNERS

  • Tata AIA Life Insurance
  • Hafele
  • Motilal Oswal
  • SMC Global Securities Limited
  • SBI Life
  • DSP Mutual Fund
Upcoming Event : LeapToUnicorn - mentoring, networking and fundraising for startups. Register now

L&T MF to suspend transactions under L&T Emerging Businesses Fund

All fresh subscriptions including new switch-ins, systematic investment, and transfer plans amounting to over Rs 200,000 per instalment will be temporarily suspended

December 01, 2017 / 11:58 AM IST

L&T Mutual Fund will temporarily suspend transactions in L&T Emerging Businesses Fund with effect from December 11, it said in a newspaper notice.

Subsequently, all fresh subscriptions including new switch-ins, systematic investment, and transfer plans offered under the scheme amounting to over Rs 200,000 per instalment will be temporarily suspended.

"Further large inflows into the scheme may not be in the interest of the existing unit holders," the fund house stated in a notice.

However, investments through existing systematic plans will continue, the notice said.