L&T Mutual Fund - MidCap Fund

Slide 1:

L&T Midcap Fund An open ended equity scheme 1 March 2011

Slide 3:

L&T Midcap Fund Rated fund L&T Midcap fund By valueresearch as on April 30, 2011 Past Performance is no guarantee of future results. For Ranking methodology and disclaimers refer at end of the presentation

Slide 4:

Presentation flow 4

Slide 5:

PPP 2009 Rank Country Name GDP at (constant 2009 US$bn ) Rank Projected Country Name Projected GDP at (constant 2009 Prices in 2050 US$bn ) 1 US 14256 1 China 59475 2 China 8888 2 India 43180 3 Japan 4138 3 US 37876 4 India 3752 4 Brazil 9762 5 Germany 2984 5 Japan 7664 6 Russia 2687 6 Russia 7559 7 UK 2257 7 Mexico 6682 8 France 2172 8 Indonesia 6205 9 Brazil 2020 9 Germany 5707 10 Italy 1922 10 UK 5628 11 Mexico 1540 11 France 5344 12 Spain 1496 12 Turkey 5298 13 South Korea 1324 13 Nigeria 4530 14 Canada 1280 14 Vietnam 3939 15 Turkey 1040 15 Italy 3798 16 Indonesia 967 16 Canada 3322 17 Australia 858 17 South Korea 18 Saudi Arabia 595 18 Spain 3195 19 Argentina 586 19 Saudi Arabia 3039 20 South Africa 508 20 Argentina 2549 Macro Economic Facts : Estimated GDP Forecasts PPP ( Purchasing power Parity) Figures in Billions US$ For information purposes only & should not be construed as offer for purchase of schemes of L&T mutual fund Source : PWC Report JAN-2011

Slide 6:

6 What is Midcap ? Giant / Large cap Between Mid – Large Cap Mid Cap Small Cap Mature Established Accelerating Growth Emerging Investing in Mid cap companies enables participation in the early stages of business therefore : Potentially greater upside

L&T Midcap NAV Movement vis-à-vis its Benchmark CNX Midcap:

L&T Midcap NAV Movement vis-à-vis its Benchmark CNX Midcap

Slide 8:

8 Advantages Of Investing In Midcap Mid-cap companies likely survived their sink–or–swim early years. They continuously endeavor to stabilize their financing, establish their customer bases and successfully launch their products and services. They are now poised for expanding into new territories; broadening their product ranges and customer bases. Therefore there could be allocation of portfolio towards Midcap for potential long term gains. For information purposes only & should not be construed as offer for purchase of schemes of L&T mutual fund

Slide 9:

9 Presentation flow

Slide 10:

10 Yesteryear’s Midcaps Today’s Largecap Source: Bloomberg– as on 28-Feb-2011 For illustration purposes only Sectors / Scrips mentioned are not recommendations from the AMC or its associates. Inception Date Market cap as On Inception Market Cap as on Feb 28-2011 CAGR 1 Yr CAGR Since Inception Sesa Goa Ltd. 31-Dec-01 236,265 224,554 9.04 76.47 Mphasis Ltd. 31-Dec-01 90,393 90,617 19.12 47.41 Axis Bank Ltd. 31-Dec-01 529,469 499,713 38.51 47.69 Glenmark Pharmaceuticals Ltd. 2-Oct-00 73,160 67,906 (41.05) 23.09 Bharti Airtel Ltd. 18-Feb-02 122,096 1,258,122 21.72 203.91

Slide 11:

11 Presentation flow

Slide 12:

12 Why L&T Midcap Fund? What is L&T Midcap Fund The investment objective of the scheme is to generate capital appreciation by investing primarily in midcap stocks. The scheme will invest primarily in companies whose market capitalization falls between the highest and the lowest constituent of the CNX Midcap Index.. Investment Strategy The Fund aims at generating capital appreciation based on superior research and selective stock picking. Stocks are selected based on their structured investment processes. Broad diversification of portfolio ,with in the framework of investment objective & policies. Valuations are the key guiding factors in stock selection. Valuation gaps are identified keeping in mind the growth prospects of the company, before stock is included in the portfolio. Indian companies have entered into high growth area. This offers opportunities to small and medium enterprises to grow at relatively faster pace than the growth rate of the large and matured companies. Therefore investing in midcap companies enables participation in comparatively early stage of the business life cycle of these companies . Past Performance is no guarantee of future results. For Risk factors , scheme related information Ranking methodology and disclaimers please refer end of the presentation. For information purposes only & should not be construed as offer for purchase of schemes of L&T mutual fund Rated fund By valueresearch as on April, 30 2011

Slide 13:

13 Source: ACEMF as on 30-April-11 CNX Midcap is the benchmark index of the scheme* Why L&T MidCap Fund? Rated fund By valueresearch as on April 30 , 2011 Past Performance is no guarantee of future results. For Risk factors , scheme related information Ranking methodology and disclaimers please refer end of the presentation. For information purposes only & should not be construed as offer for purchase of schemes of L&T mutual fund. % Returns in CAGR

Slide 14:

TOP 10 Stocks as on 30-April- 2011 Stock Name % Of AUM Rural Electrification Corporation 4.65 Exide Industries Ltd 4.47 Lupin Ltd 4.44 Cummins India Ltd 2.88 Ashok Leyland Ltd 2.74 Escorts Ltd. 2.71 Crompton Greaves Ltd 2.67 BGR Energy Systems Ltd 2.60 Infrastructure Development Fin Co 2.55 South Indian Bank Ltd. 2.45 14 TOP 10 Stocks as on 30-April- 2011 Sector Name % of Total Portfolio BANKS 13.47 FINANCE 11.19 INDUSTRIAL CAPITAL GOODS 10.42 PHARMACEUTICALS 9.13 GAS 6.99 INDUSTRIAL PRODUCTS 5.71 AUTO 5.45 CONSUMER NON DURABLES 4.64 AUTO ANCILLARIES 4.47 FERTILISERS 3.66 Portfolio Information Rated fund By valueresearch as on 30 April , 2011 Past Performance is no guarantee of future results. For Risk factors , scheme related information Ranking methodology and disclaimers please refer end of the presentation. For information purposes only & should not be construed as offer for purchase of schemes of L&T mutual fund. Source: ACEMF

Slide 15:

15 Presentation flow

Slide 16:

Legacy Of L&T Mutual Fund 16 L&T Finance took over DBS Chola Mutual Fund in February 2010. There was no change in management team The team includes an 11 member investment team and total staff strength of over 170 members. Chola Mutual fund was launched in 1996 and had been in existence for 14 years before the takeover. The AMC is head quartered in Mumbai since 2000 The Fund got rechristened as L&T Mutual Fund on Feb 16, 2010 The Fund House has a suite of both equity & debt products with some funds with a track record built over last 14 years.

Slide 17:

Over 112 Man Years of Investment Management experience Suite of Mutual Fund schemes for different investor requirements Houses the first ever launched AAA rated debt fund –LTMF Triple Ace Fund and Multi Cap Equity Fund in the industry. Awards over the years for performance of schemes Led by Sanjay Sinha, CEO – one of the respected Fund Managers in the country 17 Contd.. Past Performance is no guarantee of future results. For Risk factors , scheme related information. For information purposes only & should not be construed as offer for purchase of schemes of L&T mutual fund.

Fund Manager of L&T Midcap Fund:

18 Fund Manager of L&T Midcap Fund Mr. Anant Deep Katare, Fund Manager - Equity (February 2007 to date) B.E (Electrical), PGDBA, C.F.A Over 12 years of experience. Prior Assignments- UTI Securities Limited as Asst Vice President – Research, SBI Capital Markets as Senior member with Research Group, Khandwala Securities Limited as Research Analyst & Derivatives strategist

Slide 19:

19 Investment Philosophy “Provide long term gains to investors through strong research based stock selection and active portfolio management”

Slide 20:

Investment Strategy 20

Slide 21:

Research Flow 21

Slide 22:

22 Nature and Investment objective : L&T Midcap Fund (an open-ended equity scheme): To generate capital appreciation by investing primarily in midcap stocks. The scheme will invest primarily in companies whose market capitalization falls between the highest and the lowest constituent of the CNX Midcap Index. Load Structure Entry Load – Nil. Exit Load - 1% if redeemed ≤ 1 year; Nil - if redeemed > 1 year. Risk Factors: All investments in mutual funds and securities are subject to market risks and the NAV of the Schemes of the Fund may go up or down depending upon the factors and forces affecting the securities market. Investment in mutual fund units involves investment risks such as trading volumes, settlement risk, liquidity risk, default risk including the possible loss of principal. Past performance of the Sponsor/AMC/Mutual Fund does not guarantee future performance of the Scheme. The Sponsor is not responsible or liable for any loss resulting from the operation of the Scheme beyond the initial contribution of Rs. 1 lakh made by it towards setting up the Fund. The names of the Scheme/Plan/Mutual Fund do not in any manner indicate either the quality of the Schemes or its future prospects and returns; and are only the names of the Scheme/Plan. There can be no assurance that the objectives of the Schemes/Plans/Mutual Fund will be achieved. Schemes specific risk factors: Investment in the Schemes shall be subject to various risks including but not limited to risk associated with: Investment in Equity and Equity related Instruments & Fixed Income Securities such as Performance Risk, Credit Risk, Reinvestment Risk, Interest Rate Risk, Investment in Derivatives, Securitised Debt, etc. Please read the Scheme Information Document and Statement of Additional Information carefully before investing. Statutory Details: L&T Mutual Fund has been established as a trust under the Indian Trust Act, 1882 by L&T Finance Limited (liability restricted to the seed corpus of Rs. 1 lakh ) with L&T Trustees Ltd. as the Trustee and L&T Investment Management Ltd as the Investment Manager. L&T Finance Holdings Limited (indirect Holding Company of L&T Investment Management Limited) is proposing, subject to market conditions and other considerations, to make a public issue of securities and has filed a Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI). The DRHP is available on the website of SEBI at www.sebi.gov.in and the respective websites of the Book Running Lead Managers at www.jmfinancial.in , http://www.online.citibank.co.in/rhtm/citigroupglobalscreen1.htm,http://www.hsbc.co.in/1/2/corporate/equitiesglobal- investment-banking, http://www.barclayswealth.com/india-offerdocuments.htm , http://www.creditsuisse . com/in/ ipo / and www.equirus.com . Investors should note that investment in equity shares involves a high degree of risk and for details relating to the same, see ‘Risk Factors’ in the aforementioned DRHP. Statutory Details & Risk Factors

Slide 23:

23 Disclaimers Disclaimer: This document have been prepared by L&T Investment Management Limited (L&T IML) for information purposes only and should not be construed as an offer or solicitation of an offer for purchase of any securities or any of the funds of L&T Investment Management Ltd. The document is for general information only and does not have regard to specific investment objectives, financial situation and the particular needs of any specific person who may receive this information. Investments in mutual funds and secondary markets inherently involve risks and recipient should consult their legal, tax and financial advisors before investing. Recipient of this document should understand that statements made herein regarding future prospects may not be realized. He/ She should also understand that any reference to the securities/ sectors in the document is only for illustration purpose. The views expressed in the document are personal views of the author and do not necessarily reflect the views of L&T Investment Management Ltd or any of its associates. Neither this document nor the units of L&T Mutual Fund have been registered in any jurisdiction. The distribution of this document in certain jurisdictions may be restricted or totally prohibited and accordingly, persons who come into possession of this document are required to inform themselves about, and to observe, any such restrictions. Value Research Fund Ratings are a composite measure of historical risk-adjusted returns. In the case of equity and hybrid funds this rating is based on the weighted average monthly returns for the last 3 and 5-year periods. These ratings do not take into consideration any entry or exit load. 5-stars indicate that a fund is in the top 10% of its category in terms of historical risk-adjusted returns. 4 star indicates that a fund is in the next 22.5%.These Fund Ratings are as on Feb, 2011. The Value Research Ratings are published in Monthly Mutual Fund Performance Report and Mutual Fund Insight. The Ratings are subject to change every month. The Rating is based on primary data provided by respective funds, Value Research does not guarantee the accuracy. Value Research Fund Returns & Ranking : The return computations assume reinvestment of dividend and are adjusted for any bonus or rights. All trailing returns for over one-year period are annualised, while returns for less than one-year are percentage change. Funds are ranked on the basis of their return position in the respective Value Research Fund Category. Number of funds indicates the total number of funds ranked in respective fund category and the time period.

Slide 24:

24 Ahmedabad: 9898029991 , Agra: 9839075275 , Allahabad: 9918500388/0532-3010574 , Amritsar : 9855721024, Bengaluru : 9591810455/080-42497000/32952142 , Baroda : 8128997153/0265-2491673 , Bhavnagar: 9376925339 Bhopal : 0755-2552452-53/ 9893654246 , Bhubaneshwar : 9937062565, Chandigarh : 0172 – 3068051 / 9878406940, Chennai : 044-28545752/ 9840096828/ 9003072863, Cochin : 0484-6533130/ 9895168160, Coimbatore : 0422 4504047- 48 / 9677783876, Cuttack : 9937009935, Durgapur : 9932241935, Guwahati : 9401775040, Goa : 0832 2422720/ 9923285799, Gorakhpur : 9838330569, Gwalior : 9669966100/ 0751-4065157/ 4081389, Hyderabad : 040-44545578/44545577/ 9849523638, Hubli : 0836-4264140/ 9844979788 Indore : 0731 4286032 / 9826012555, Jaipur : 0141- 4043108/ 4043101/ 9950852103, Jalandhar : 9872838208, Jamshedpur : 9334289963, Jamnagar: 8905996999 , Jammu: 9419845915, Jodhpur : 9829309649 Kanpur : 9695051155, Kolhapur : 0231 6614834-5/ 9860087747, Kolkata: 033-40182224/40182222/ 9831500225, Lucknow : 0522 4003245 / 3052460/ 09838119887, Ludhiana : 0161 5029019 / 9855095135, Madurai : 9865966013/0452-4514005, Mangalore: 07829044427/ 08242443609, Mumbai (Head Office) : 022- 61366600/ 61366601, Mumbai (Fort) : 022-61155555/ 9821118597, Mumbai (Deonar) : 022-61130908/ 61130910 Mysore : 9886639557/0821-2331833, Nagpur : 0712 6621511 / 9372695617, Nashik : 0253 6611791/ 6619211/ 9960025000, New Delhi : 011 49533301-02/ 9811595033, Patna : 9708038447 Pune : 020-32912911/ 25510468/ 9923803310, Rajkot : 0281-2480131/9825219955, Raipur : 0771 4224107 / 9926808555, Ranchi : 9504901190 , Rourkela : 9437648485, Siliguri : 0353 2545474/ 9800202292, Surat : 9924712128, Trichy: 9944055025, Trivandrum: 9567266206 , Varanasi : 9839165055, Vijaywada : 9676785656, Vishakhapatnam: 0891- 6620401/ 9676970777 Branches

Slide 25:

Toll free : 1800-209-6565 SMS LTMF to 567678 www.LNTMF.com Contact Us

Thank you:

Thank you 26