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Notice with respect to restriction on subscription under L&T Emerging Businesses Fund

Mutual Fund

by L&T Mutual Fund | Mutual Fund | 76 Downloaded

NOTICE CUM ADDENDUM TO THE STATEMENT OF ADDITIONAL INFORMATION ("SAI"), SCHEME INFORMATION DOCUMENT ("SID") AND KEY INFORMATION MEMORANDUM ("KIM") OF L&T EMERGING BUSINESS FUND.

Notice is hereby given that the Board of Directors of L&T Investment Management Limited ("the AMC") and L&T Mutual Fund Trustee Limited ("the Trustee Company") of L&T Mutual Fund ("the Fund"), has approved the temporary suspension of below mentioned transactions in L&T Emerging Business Fund ("the Scheme") an open-ended equity growth scheme with effect from December 11, 2017 ("effective date") as further large inflows into the scheme may not be in the interest of the existing unit holders.

1) Applications for subscriptions / switch-ins in the Scheme amounting to more than 2 lakhs per day per investor;

2) New registrations under the Systematic Investment Plan ("SIP") in the Scheme of a single instalment amounting to more than 2 lakhs;

3) New registrations under the Systematic Transfer Plan ("STP") into the Scheme of a single instalment amounting to more than 2 lakhs.

The AMC reserves the right to reject / compulsorily redeem units without any prior notice to the investor at applicable NAV, in case of multiple applications / transactions by the investor(s) amounting to more than 2 lakh (Rupees Two Lakh).

The Scheme will continue to allot units for subscription transactions pursuant to SIP, STP, Dividend Transfer Plan, or any other facilities registered prior to the effective date and pursuant to declaration of dividend under the dividend reinvestment option offered under the Scheme.

The aforesaid suspension of subscription transaction under the Scheme will be applicable for all the applications received on or after December 11, 2017 (ie. to clarify, the said restrictions will not be applicable for applications received till December 10, 2017)

Investors are requested to note that the suspension of aforesaid transactions will continue till further notice.

Prior to making investments, investor(s) / Unit Holder(s) are requested to carefully read the relevant addenda, reflecting in detail the consequent amendments to the SAI, SID and KIM, available at investor Service Centres and also available on www.ltfs.com.

Necessary / incidental changes, if any, shall be made in SAI, SID and KIM of Scheme in the above regard.

This Addendum forms an integral part of the SAI, SID and KIM of the Scheme of L&T Mutual Fund.

All other terms and conditions of the SAI, SID and KIM of the Scheme of L&T Mutual Fund will remain unchanged.

( Mutual Fund investments are subject to market risks, read all scheme related documents carefully.)

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