Launched in May 2014, L&T Emerging Businesses Fund is classified under the small and mid-cap equity funds of CRISIL Mutual Fund Ranking. It featured in the top 30 percentile (CRISIL Fund Rank 1 or 2) in the category for three consecutive quarters ended December 2017. S N Lahiri has been managing the equity component of the portfolio since the fund's inception and Karan Desai foreign security investments since February 2017. The quarterly average assets under management of the fund stood at Rs 26.51 billion for December 2017 quarter.
The investment objective of the scheme is to generate long-term capital appreciation from a diversified portfolio of predominantly equity and equity related securities, including equity derivatives, in the Indian markets with key theme focus being emerging companies (small cap stocks).
