L&t tax saver fund application form

Combined Key Information Memorandum and
Combined Application Form for Equity Schemes

Offer of Units at NAV based prices

Equity Schemes
L&T Growth Fund
L&T Midcap Fund
L&T Opportunities Fund
L&T Multi-Cap Fund
L&T Global Advantage Fund
L&T Contra Fund
L&T Tax Saver Fund
L&T Hedged Equity Fund
L&T Infrastructure Fund
L&T Small Cap Fund

SPONSOR INVESTMENT MANAGER
L&T Finance Limited L&T Investment Management Limited
Registered Office: L&T House, Ballard Estate, P.O. Box 278, Mumbai - 400 001 Registered Office:*
‘Dare House’, No. 2, N S C Bose Road, Chennai - 600 001
TRUSTEE Head Office:*
L&T Mutual Fund Trustee Limited 309, 3rd Floor, Trade Centre, Bandra Kurla Complex,
Registered Office: L&T House, Ballard Estate, P.O. Box 278, Mumbai - 400 001 Bandra (East), Mumbai - 400 051.
*Consequent to the change in controlling interest of the AMC, its registered office shall be shifted from the State of Tamil Nadu to the State of Maharashtra, upon receipt of
requisite approvals. The registered office shall be shifted to L&T House, Ballard Estate, P.O. Box 278, Mumbai – 400 001.

This Key Information Memorandum (KIM) sets forth the information, which a prospective investor ought to know before investing.
For further details of the Scheme / Mutual Fund, Due Diligence Certificate by the AMC, Key Personnel, Investors’ Rights & Services,
Risk Factors, Penalties & Pending Litigations, Associate Transactions etc. investors should, before investment, refer to the Statement of
Additional Information available free of cost at any of the Investor Service Centre or distributors or from the website www.lntmf.com

The Scheme particulars have been prepared in accordance with Securities and Exchange Board of India (Mutual Funds) Regulations,
1996, as amended till date, and filed with Securities and Exchange Board of India (SEBI). The units being offered for public subscription
have not been approved or disapproved by SEBI, nor has SEBI certified the accuracy or adequacy of this KIM.

Investors are advised to consult their Legal, Tax, Finance and other Professional Advisors before making decision to invest in or redeem
the units in regard to tax / legal issues relating to their investments in the Scheme(s) / Plan(s).

The date of this Key information Memorandum is April 19, 2011.

Name of Scheme L&T Growth Fund L&T Midcap Fund
Nature of Scheme An Open Ended Growth Fund An Open Ended Equity Scheme
Investment Objective The Scheme primarily seeks to generate long term capital appreciation To generate capital appreciation by investing primarily in midcap
income through investment in equity and equity related instruments; stocks. The scheme will invest in companies whose market
the secondary objective is to generate some current income and capitalization falls between the highest and the lowest constituent of
distribute dividend. However there is no assurance that the investment the CNX Midcap Index.
objective of the Scheme will be achieved.
Asset Allocation Pattern of the Type of Instrument Normal Allocation Type of Instrument Normal Allocation
Scheme (% of Net Assets) (% of Net Assets)
Equity and Equity related 80-100 Equity and Equity related instruments 80-100
instruments
Debt Securities, Money Market 0-20 Debt Securities, Securitised Debt, 0-20
instruments (including cash / call Money Market instruments (including
money) cash / call money)
Risk Profile of the Scheme (Mutual Fund investments are subject to market risks. Please read the Scheme Information Document and Statement of
Additional Information carefully for details on risk factors before investment). Also, please refer to page 11 for the summarized
Scheme Specific Risk Factors under “Information Common to Schemes”.
Plans and Options Options* Facility Options* Facility
Dividend Payout and Reinvestment** Dividend Payout and Reinvestment**
Cumulative NIL Cumulative NIL
* If no option is specified at the time of application, the default * If no option is specified at the time of application, the default
option is Cumulative Option. option is Cumulative Option.
** If no facility is specified the default facility is dividend ** If no facility is specified the default facility is dividend
re-investment re-investment
Applicable NAV The applicable NAV for purchase or redemption or switching of units will be based on the time of the Business Day on which the application
is accepted. Please refer to “Applicable NAV and Cut off time“ on Page No. 11 for further details.
Minimum Application/ Purchase / Options Minimum Amount/Units Purchase / Options Minimum Amount/Units
Repurchase Amount Repurchase Repurchase
First Purchase Dividend / Rs.5,000 and in multiples of Re. First Purchase Dividend / Rs. 5,000 and in multiples of
Cumulative 1/- thereafter Cumulative Re. 1/- thereafter
Additional Dividend / Rs.1,000 and in multiples of Re. Additional Dividend / Rs. 1,000 and in multiples of
Purchase Cumulative 1/- thereafter Purchase Cumulative Re. 1/- thereafter
Repurchase Dividend / Rs.500 or 50 units as the case Repurchase Dividend / Rs. 500 or 50 units as the case
Cumulative may be Cumulative may be
Despatch of Repurchase Within 10 working days of the receipt of the valid redemption request at the Investor Service Centres / Registrar or at the offices of the AMC
(Redemption) request
Benchmark Index S&P CNX Nifty CNX Midcap Index
Disclaimer: L&T Growth Fund, which is benchmarked to S&P CNX Disclaimer: L&T Midcap Fund, which is benchmarked to CNX Midcap
Nifty is not sponsored, endorsed, sold or promoted by India Services Index is not sponsored, endorsed, sold or promoted by India Services
& Products Limited (IISL). IISL is not responsible for any errors or & Products Limited (IISL). IISL is not responsible for any errors or
omissions or the results obtained from the use of such index and in omissions or the results obtained from the use of such index and in
no event shall IISL have any liability to any party for any damages or no event shall IISL have any liability to any party for any damages or
whatsoever nature (including lost profits) resulted to such party due whatsoever nature (including lost profits) resulted to such party due
to purchase or sale or otherwise of such product benchmarked to to purchase or sale or otherwise of such product benchmarked to
such index. such index.
Dividend Policy Please refer to Page No. 11 for details Please refer to Page No. 11 for details
Name of the Fund Manager Mr. Pankaj Gupta Mr. Anant Deep Katare
Name of the Trustee Company L&T Mutual Fund Trustee Limited L&T Mutual Fund Trustee Limited
Performance of the Scheme Returns Data Returns Data
(As at March 31, 2011) Compounded Annualised Scheme Benchmark Compounded Annualised Scheme Benchmark
Returns Returns % Returns %* Returns Returns % Returns %*
For the Last 1 year 12.63 11.14 For the Last 1 year 5.13 4.35
For the Last 3 years 5.49 7.21 For the Last 3 years 10.90 8.81
Since Inception (17/09/2001) 24.40 22.04 Since Inception (09/08/2004) 22.81 22.24
*S&P CNX Nifty is the Benchmark index for the Scheme. * CNX Midcap Index is the Benchmark index for the Scheme.
(Calculations based on cumulative NAV) (Calculations based on cumulative NAV)
Year-wise returns for the last 5 financial years Year-wise returns for the last 5 financial years
160 160
Scheme Returns Benchmark Returns 140.94
140 140 126.12 Scheme Returns Benchmark Returns
120 120
100 84.57 100
80 73.76
80
60 60
40 23.89 40 28.67
20 12.63 11.40 14.81 10.95 12.31 17.52
20 5.13 4.35
0 0 -0.45 1.31
-20 -36.19 -20
-40 -43.52 -46.15 -45.40
-40
-60 -60
2010-11 2009-10 2008-09 2007-08 2006-07 2010-11 2009-10 2008-09 2007-08 2006-07
Past Performance may or may not be sustained in future. Past Performance may or may not be sustained in future.
Expenses of the Scheme Continuous Offer Period Continuous Offer Period

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(i) Load Structure Entry Load (including SIP/STP/DIP): NIL
In terms of SEBI circular no. SEBI/IMD/CIR No.4/ 168230/09 dated June 30, 2009, no entry load will be charged by the Scheme to the investor
effective August 1, 2009. Upfront commission shall be paid directly by the investor to the AMFI registered Distributors based on the investors’
assessment of various factors including the service rendered by the distributor.
Investment Exit Load (including SIP/STP/SWP/DIP) Investment Exit Load (including SIP/STP/SWP/DIP)
For all 1.00% if redeemed <= 1 year For all 1.00% if redeemed <= 1 year
investments NIL if redeemed > 1 year investments NIL if redeemed > 1 year
Pursuant to SEBI circular no. SEBI / IMD / CIR No. 6 /172445/ 2009 dated August 7, 2009 and SEBI / IMD / CIR No. 7 /173650 / 2009 dated
August 17, 2009, the Scheme shall not be permitted to make distinction between unitholders by charging differential exit loads based on the
amount of subscription and such parity shall be made applicable at the portfolio level respectively.
(ii) Actual Expenses for 2010-11 Actual expenses for the scheme were Rs. 41.93 lacs amounting to Actual expenses for the scheme were Rs. 109.90 lacs amounting to
2.50% of Average Daily Net Assets for the financial year 2010-11 2.50% of Average Daily Net Assets for the financial year 2010-11
(iii) Recurring Expenses (% of Net Assets % of daily Average Net Assets Net Assets % of daily Average Net Assets
daily Average Net Assets) First Rs. 100 crores 2.50 First Rs. 100 crores 2.50
Next Rs. 300 crores 2.25 Next Rs. 300 crores 2.25
Balance 1.75 Balance 1.75

The AMC would update the current expense ratios on the website within two working days mentioning the effective date of the change.
Tax Treatment for the Investors Investors are advised to refer the details on page no. 12 of this document or refer Statement of Additional Information. Investors are also
(Unitholders) advised to independently consult their tax advisor.
Daily Net Asset Value (NAV) Please refer to page 13 under “Information Common to Schemes”.
Publication
For investor Grievances please Please refer to page 13 under “Information Common to Schemes”.
contact
Unitholder’s Information Please refer to page 14 under “Information Common to Schemes”.

Name of Scheme L&T Opportunities Fund L&T Multi-Cap Fund
Nature of Scheme An Open Ended Growth Fund An Open Ended Equity Scheme
Investment Objective The Scheme will invest mainly to generate long term capital appreciation To provide long term capital appreciation by investing in a well-
from a diversified portfolio of equity and equity related securities. The diversified portfolio of equity & equity related instruments across all
fund will invest in a universe of stocks, which will be identified using ranges of market capitalisation.
fundamental analysis. The fund will invest in a portfolio of both value
and growth stocks. The strategy will be to build up diversified portfolio
of quality stocks, with medium to long term potential
Asset Allocation Pattern of the Type of Instrument Normal Allocation (% of Net Type of Instrument Normal Allocation (% of Net
Scheme Assets) Assets)
Equity and Equity related 80-100 Equity and Equity related 80-100 of which
instruments instruments • Large Cap Stocks (25-75)
Debt Securities, Money Market 0-20 • Midcap Stock (25-75)
instruments (including cash / call • Small Cap Stocks (0-15)
money)
Money Market Instruments 0-20
Risk Profile of the Scheme (Mutual Fund investments are subject to market risks. Please read the Scheme Information Document and Statement of Additional
Information carefully for details on risk factors before investment). Also, please refer to page 11 for the summarized Scheme Specific
Risk Factors under “Information Common to Schemes”.
* If no option is specified at the time of application, the default option * If no option is specified at the time of application, the default
is Cumulative Option. option is Cumulative Option.
** If no facility is specified the default facility is dividend re-investment ** If no facility is specified the default facility is dividend re-investment
Applicable NAV The applicable NAV for purchase or redemption or switching of units will be based on the time of the Business Day on which the application is
accepted. Please refer to “Applicable NAV and Cut off time“ on Page No. 11 for further details.
Minimum Application/Repurchase Purchase / Repurchase Options Minimum Amount/Units Purchase / Repurchase Options Minimum Amount /Units
Amount First Purchase Dividend / Cumulative Rs. 3,000 and in multiples of Re. 1/- thereafter First Purchase Dividend / Cumulative Rs. 5,000 and in multiples of Re. 1/- thereafter
Additional Purchase Dividend / Cumulative Rs. 1,000 and in multiples of Re. 1/- thereafter Additional Purchase Dividend / Cumulative Rs. 1,000 and in multiples of Re. 1/- thereafter
Repurchase Dividend / Cumulative Rs. 500 or 50 units as the case may be Repurchase Dividend / Cumulative Rs. 500 or 50 units as the case may be
Despatch of Repurchase (Redemption) Within 10 working days of the receipt of the valid redemption request at the Investor Service Centres / Registrar or at the offices of the AMC
request
Benchmark Index S&P CNX Nifty S&P CNX 500
Disclaimer : L&T Opporutnities Fund, which is benchmarked to S&P Disclaimer : L&T Multi-cap Fund, which is benchmarked to S&P CNX
CNX Nifty is not sponsored, endorsed, sold or promoted by India 500 Index is not sponsored, endorsed, sold or promoted by India
Services & Products Limited (IISL). IISL is not responsible for any errors Services & Products Limited (IISL). IISL is not responsible for any errors
or omissions or the results obtained from the use of such index and in or omissions or the results obtained from the use of such index and in
no event shall IISL have any liability to any party for any damages or no event shall IISL have any liability to any party for any damages or
whatsoever nature (including lost profits) resulted to such party due to whatsoever nature (including lost profits) resulted to such party due to
purchase or sale or otherwise of such product benchmarked to such purchase or sale or otherwise of such product benchmarked to such
index. index.

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(As at March 31, 2011) Compounded Annualised Scheme Returns Benchmark Returns Compounded Annualised Scheme Benchmark
Returns % %* Returns Returns % Returns %*
Since Inception 20.07 18.43 Since Inception 10.52 16.47
(11/12/2003)** (28/01/2005)
*S&P CNX Nifty is the Benchmark index for the Scheme. *S&P CNX 500 is the Benchmark index for the Scheme. (Calculations
**The scheme was repostioned as L&T Opportunities Fund on 11th based on cumulative NAV)
Dec. 2003. (Calculations based on cumulative NAV) Year-wise returns for the last 5 financial years
Year-wise returns for the last 5 financial years 160
160 140
Scheme Returns Benchmark Returns
140 120
Scheme Returns Benchmark Returns 100
120 111.32 87.17 87.95
100 80
80 73.70 60
60 40
43.87
20 4.16 7.26 8.07
40 23.89 21.73 0.12 1.64 1.89
20 11.14 0
3.71 12.31
0 -20
-40 -44.90 -40.02
-20
-40 -46.97 -36.19 -60
2010-11 2009-10 2008-09 2007-08 2006-07
-60
2010-11 2009-10 2008-09 2007-08 2006-07 Past Performance may or may not be sustained in future.
Past Performance may or may not be sustained in future.
For all investments 1.00% if redeemed <= 1 year For all investments 1.00% if redeemed <= 1 year
NIL if redeemed > 1 year NIL if redeemed > 1 year
(iii) Recurring Expenses (% of daily Net Assets % of daily Average Net Assets Net Assets % of daily Average Net Assets
Average Net Assets) First Rs. 100 crores 2.50 First Rs. 100 crores 2.50
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Name of Scheme L&T Global Advantage Fund L&T Contra Fund
Nature of Scheme An Open Ended Equity Scheme An Open Ended Equity Scheme
Investment Objective To provide long term capital appreciation and / or income distribution by investing To generate capital appreciation by investing in equity and equity related instruments by
predominantly in equity / equity related instruments of Indian companies with export using a ‘contrarian strategy’. Contrarian investing refers to buying into fundamentally
competitiveness and Indian companies which have or which are expanding their business sound scripts which have underperformed / not performed to their full potential in their
in global markets. recent past.
Asset Allocation Pattern of the Type of Instrument Normal Allocation (% of Net Assets) Type of Instrument Normal Allocation (% of Net Assets)
Scheme Equity and Equity related 80-100 Equity and Equity related 65-100
instruments # instruments
Debt Money Market 0-20 Debt, Money Market 0-35
instruments* instruments*
#including investments in ADR / GDR upto 25% (subject to maximum # including investments in ADR / GDR upto 25% (subject to maximum
of US$ 50 million such limits as specified by SEBI from time to time), of US$ 50 million as specified by SEBI), exposure in derivatives upto a
exposure in derivatives upto a maximum of 25% (subject to limit as maximum of 25% (subject to limit as specified by SEBI from time to
specified by SEBI from time to time). time). At the time of investment, investments in derivative instruments
*Investment in Securitised debt, if undertaken, would not exceed 20% may be done for hedging and portfolio balancing.
of the net assets of the Scheme. *Investment in Securitised debt, if undertaken, would not exceed 30%
A maximum of 40% of net assets may be deployed in securities lending of the net assets of the Scheme.
and the maximum single party exposure may be restricted to 10% of net A maximum of 40% of net assets may be deployed in securities lending
assets outstanding at any point of time. and the maximum single party exposure may be restricted to 10% of
net assets outstanding at any point of time.
Risk Profile of the Scheme (Mutual Fund investments are subject to market risks. Please read the Scheme Information Document and Statement of Additional Information carefully for details
on risk factors before investment). Also, please refer to page 11 for the summarized Scheme Specific Risk Factors under “Information Common to Schemes
* If no option is specified at the time of application, the default option * If no option is specified at the time of application, the default option
is Cumulative Option. is Cumulative Option.

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Minimum Application/Repurchase Amount Purchase / Options Minimum Amount /Units Purchase / Options Minimum Amount /Units
Repurchase Repurchase
First Purchase Dividend / Rs. 5,000 and in multiples of Re. First Purchase Dividend / Rs. 5,000 and in multiples of Re.
Cumulative 1/- thereafter Cumulative 1/- thereafter
Additional Dividend / Rs. 1,000 and in multiples of Re. Additional Dividend / Rs. 1,000 and in multiples of Re.
Purchase Cumulative 1/- thereafter Purchase Cumulative 1/- thereafter
Repurchase Dividend / Rs. 500 or 50 units as the case Repurchase Dividend / Rs. 500 or 50 units as the case
Despatch of Repurchase (Redemption) request Within 10 working days of the receipt of the valid redemption request at the Investor Service Centres / Registrar or at the offices of the AMC
Benchmark Index S&P CNX 500 S&P CNX 500
Disclaimer : L&T Global Advantage Fund, which is benchmarked to Disclaimer : L&T Contra Fund, which is benchmarked to S&P CNX
S&P CNX 500 is not sponsored, endorsed, sold or promoted by India 500 is not sponsored, endorsed, sold or promoted by India Services &
Services & Products Limited (IISL). IISL is not responsible for any errors Products Limited (IISL). IISL is not responsible for any errors or omissions
or omissions or the results obtained from the use of such index and in or the results obtained from the use of such index and in no event
no event shall IISL have any liability to any party for any damages or shall IISL have any liability to any party for any damages or whatsoever
whatsoever nature (including lost profits) resulted to such party due to nature (including lost profits) resulted to such party due to purchase or
purchase or sale or otherwise of such product benchmarked to such sale or otherwise of such product benchmarked to such index.
index.
Name of the Fund Manager Mr. Pankaj Gupta Mr. Pankaj Gupta
(As at March 31, 2011) Compounded Annualised Scheme Benchmark Compounded Annualised Scheme Returns Benchmark
Returns Returns % Returns %* Returns % Returns %*
For the Last 1 year -1.78 7.26 For the Last 1 year 6.64 7.26
For the Last 3 years 0.00# 6.54
For the Last 3 years -7.32 6.54
For the Last 5 years 0.00# 9.71
For the Last 5 years -7.19 9.71
Since Inception (27/02/2006) 0.85 11.48
Since Inception (30/05/2005) -0.14 17.34 *S&P CNX 500 is the Benchmark index for the Scheme. (Calculations
*S&P CNX 500 is the Benchmark index for the Scheme. (Calculations based on cumulative NAV)
based on cumulative NAV) # No charge in NAV hence returns are Nil.
160 160
140 140
Scheme Returns Benchmark Returns Scheme Returns Benchmark Returns
120 120
100 87.95 100 83.33 87.95
80 80
60.57
60 60
40 40
21.64 21.64
20 1.78 7.26 8.07 20 6.64 7.26 8.07
0 -3.93 -9.99 0 -3.15 3.26
-20 -20
-40 -49.52 -40.02 -40 -48.75 -40.02
-60 -60
2010-11 2009-10 2008-09 2007-08 2006-07 2010-11 2009-10 2008-09 2007-08 2006-07

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Name of Scheme L&T Tax Saver Fund L&T Hedged Equity Fund
Nature of Scheme An Open Ended Equity Linked Tax Savings Scheme An Open Ended Equity Scheme
Investment Objective To provide long term capital appreciation by investing predominantly To generate long term capital appreciation by investing in equity,
in equity and equity related instruments and also enabling investor to equity related and derivative instruments. The fund seeks to minimize
get income tax rebate as per the prevailing Tax Laws and subject to risk by use of hedging instruments such as index and stock derivative
applicable conditions instruments. The aim is to generate returns with a lower volatility.
Lock-in Period The scheme is open for continuous redemption subject to the Not Applicable
completion of a lock-in period of 3 years from the date of allotment
as prescribed in the ELSS guidelines. Currently, the tax benefits are
restricted to an investment amount of Rs. 1,00,000/-. However, any
amount in excess of Rs. 1,00,000/- would also be subject to the lock-in
period of 3 years.
However, in the event of the death of the assessee, the nominee or
legal heir, as the case may be, shall be able to withdraw the investment
anytime after the completion of 1 year from the date of allotment of
units.
Asset Allocation Pattern of the Type of Instrument Normal Allocation (% of Net Type of Instrument Normal Allocation (% of Net
Scheme Assets) Assets)
Equity and Equity related 80-100 Equities and Equity Related 65 - 100
instruments Instruments (including equity
Debt* and Money Market 0-20 derivatives instruments) #
instruments Debt and Money Market 0 - 35
Instruments*
*Investment in Securitised debt, if undertaken, will not exceed 20% of
#Investment in equity derivative instruments would not exceed 50% of
corpus of the scheme.
the net assets of the scheme.
A maximum of 40% of net assets may be deployed in securities lending
and the maximum single party exposure may be restricted to 10% of
net assets outstanding at any point of time.
*Investment in Securitised debt, if undertaken, would not exceed 30%
of the net assets of the scheme.
Risk Profile of the Scheme (Mutual Fund investments are subject to market risks. Please read the Scheme Information Document and Statement of
Additional Information carefully for details on risk factors before investment). Also, please refer to page 11 for the summarized
Scheme Specific Risk Factors under “Information Common to Schemes
* If no option is specified at the time of application, the default option * If no option is specified at the time of application, the default option
is Cumulative Option. is Cumulative Option.
Applicable NAV The applicable NAV for purchase or redemption or switching of units will be based on the time of the Business Day on which the application
is accepted. Please refer to “Applicable NAV and Cut off time“ on Page No. 11 for further details.
Minimum Application/Repurchase Purchase Options Minimum Amount /Units Purchase / Options Minimum Amount /Units
Amount Repurchase
First Purchase Dividend / Rs. 500 and in multiples of Rs. First Purchase Dividend / Rs. 5,000 and in multiples of Re.
Cumulative 500/- thereafter Cumulative 1/- thereafter
Additional Dividend / Rs. 500 and in multiples of Rs. Additional Dividend / Rs. 1,000 and in multiples of Re.
Purchase Cumulative 500/- thereafter Purchase Cumulative 1/- thereafter
Repurchase Dividend / Rs. 500 per application and in Repurchase Dividend / Rs. 500 or 50 units as the case
Cumulative multiples of Rs. 500/- Cumulative may be
Despatch of Repurchase (Redemption) Within 10 working days of the receipt of the valid redemption request at the Investor Service Centres / Registrar or at the offices of the AMC
request
Benchmark Index S&P CNX Nifty S&P CNX Nifty
Disclaimer: L&T Tax Saver Fund, which are benchmarked to S&P CNX Disclaimer: L&T Hedged Equity Fund, which are benchmarked to S&P
Nifty is not sponsored, endorsed, sold or promoted by India Services CNX Nifty is not sponsored, endorsed, sold or promoted by India
& Products Limited (IISL). IISL is not responsible for any errors or Services & Products Limited (IISL). IISL is not responsible for any errors
omissions or the results obtained from the use of such index and in or omissions or the results obtained from the use of such index and
no event shall IISL have any liability to any party for any damages or in no event shall IISL have any liability to any party for any damages
whatsoever nature (including lost profits) resulted to such party due to or whatsoever nature (including lost profits) resulted to such party
purchase or sale or otherwise of such product benchmarked to such due to purchase or sale or otherwise of such product benchmarked
index. to such index.
Name of the Fund Manager Mr. Anant Deep Katare Mr. Anant Deep Katare
Performance of the Scheme Returns Data Returns Data **
(As at March 31, 2011) Compounded Scheme Benchmark Compounded Scheme Returns Benchmark
Annualised Returns Returns % Returns %* Annualised Returns % Returns %*
For the Last 5 years 5.96 11.38 Since Inception 9.24 10.04
Since Inception 9.29 16.08 (19/04/2007)
(18/11/2005) *S&P CNX Nifty is the Benchmark index for the Scheme. (Calculations
*S&P CNX Nifty is the Benchmark index for the Scheme. (Calculations based on cumulative NAV). ** Date of inception is April 19, 2007.
based on cumulative NAV) Hence 5 year returns are not available.
160 160
140 140
Scheme Returns Benchmark Returns Scheme Returns Benchmark Returns
120 120
105.04
100 100
80 74.15 73.76
80 73.70
60 60
40 40 28.30
23.89 18.43
20 11.14 20 10.78 11.14
7.57 4.43 4.21 12.31 0
0
-20 -20
-44.35 -36.19 -40 -42.71 -36.19
-40
-60 -60
2010-11 2009-10 2008-09 2007-08 2006-07 2010-11 2009-10 2008-09 2007-08


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In terms of SEBI circular no. SEBI/IMD/CIR No.4/ 168230/09 dated June 30, 2009, no entry load will be charged by the Scheme to the
investor effective August 1, 2009. Upfront commission shall be paid directly by the investor to the AMFI registered Distributors based on the
investors’ assessment of various factors including the service rendered by the distributor.
Investment Exit Load (including SIP/STP/SWP/DIP)
Exit Load (including SIP/STP/SWP/DIP): NIL
For all investments 1.00% if redeemed <= 1 year NIL if redeemed > 1 year
DEDUCTION FROM INCOME UNDER SECTION 80C
L&T Tax Saver Fund, including the Options contained therein, is
launched as an Equity Linked Tax Saving Scheme under Section 80C(2)
(xiii) of Income Tax Act, 1961. Thus, individuals and HUFs will be entitled
to deduction from their Gross Total Income as provided under clause
(xiii) of section 80C(2) of the Income Tax Act, 1961 for subscription to
any units not exceeding Rs. 1,00,000/- in a year, depending upon the
gross total income of the assessee. The deduction is available only if
the investment is made out of income chargeable to tax.
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Name of Scheme L&T Infrastructure Fund L&T Small Cap Fund
Nature of Scheme An Open Ended Equity Scheme An Open Ended Equity Scheme
Investment Objective The scheme seeks to generate capital appreciation by investing To generate long term capital appreciation by investing predominantly in
predominantly in equity and equity related instruments of companies equity and equity related instruments of companies with “small market
in the infrastructure sector. capitalization”.
“Small - cap companies for the purpose of this Fund, are companies
whose market capitalization is in between the highest and lowest market
capitalization of small-cap companies on BSE Small Cap Index at the time
of investment.”
Asset Allocation Pattern of the Type of Instrument Normal Allocation Type of Instrument Normal Allocation
Scheme (% of Net Assets) (% of Net Assets)
Equity and equity related instruments 65-100 Equity & equity related instruments of small-cap 65-100
(including equity derivative instruments) companies
Debt and Money Market Instruments* 0-35 Equity & equity related instruments of any other 0-35
companies
Debt Securities and money market instruments* 0-35
* Investment in Securitized debt, if undertaken, would not exceed 35% * Investment in Securitized debt, if undertaken, would not exceed 35%
of the net assets of the scheme. of the net assets of the scheme.
Risk Profile of the Scheme (Mutual Fund investments are subject to market risks. Please read the Scheme Information Document and Statement of Additional
Information carefully for details on risk factors before investment). Also, please refer to page 11 for the summarized Scheme Specific
Risk Factors under “Information Common to Schemes”.
* If no option is specified at the time of application, the default * If no option is specified at the time of application, the default option
option is Cumulative Option. is Cumulative Option.
** If no facility is specified the default facility is dividend re- ** If no facility is specified the default facility is dividend re-investment
investment
Minimum Application/ Purchase / Options Minimum Amount /Units Purchase / Options Minimum Amount /Units
Repurchase Amount Repurchase Repurchase
First Purchase Dividend / Rs. 5,000 and in multiples of First Purchase Dividend / Rs. 5,000 and in multiples of Re.
Cumulative Re. 1/- thereafter Cumulative 1/- thereafter
Additional Dividend / Rs. 1,000 and in multiples of Additional Dividend / Rs. 1,000 and in multiples of Re.
Purchase Cumulative Re. 1/- thereafter Purchase Cumulative 1/- thereafter
Repurchase Dividend / Rs. 500 or 50 units as the case Repurchase Dividend / Rs. 500 or 50 units as the case
Despatch of Repurchase Within 10 working days of the receipt of the valid redemption request at the Investor Service Centres / Registrar or at the offices of the AMC
(Redemption) request

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Benchmark Index S&P CNX Nifty BSE Small Cap Index
Disclaimer : L&T Infrastructure Fund, which is benchmarked to S&P
CNX Nifty is not sponsored, endorsed, sold or promoted by India
Services & Products Limited (IISL). IISL is not responsible for any errors
or omissions or the results obtained from the use of such index and
in no event shall IISL have any liability to any party for any damages
or whatsoever nature (including lost profits) resulted to such party
due to purchase or sale or otherwise of such product benchmarked
to such index.
Performance of the Scheme Returns Data** Returns Data**
(As at March 31, 2011) Compounded Annualised Scheme Returns Benchmark Compounded Annualised Scheme Benchmark
Returns % Returns %* Returns Returns % Returns %*
For the Last 1 year -7.15 12.14 For the Last 1 year -14.88 -3.78
For the Last 3 years -7.93 7.21 For the Last 3 years -9.37 1.40
Since Inception (27/09/2007) -9.41 4.49 Since Inception (10/01/2008) -19.76 -13.11
*S&P CNX Nifty is the Benchmark index for the Scheme. * BSE Small Cap Index is the Benchmark index for the scheme. **
(Calculations based on cumulative NAV) Units allotted on January 10, 2008. Hence, the returns for 5 years is
** Units allotted on September 27, 2007. Hence, the returns for not available.
5 years is not available. Year-wise returns for the last 4 financial years
Year-wise returns for the last 4 financial years
Scheme Returns Benchmark Returns
160 180
140 161.73
Scheme Returns Benchmark Returns 160
120 140
100 86.45 120 114.07
80 73.76 100
60 80
40 60
20 12.14 -9.40 -5.32 -33.90 -23.10
40
0 -7.15 -14.88
20
-20 0 -3.78
-40 -55.19 -36.19
-20
-60 -40 -59.15 -58.80
2010-11 2009-10 2008-09 2007-08
-60
Past Performance may or may not be sustained in future. 2010-11 2009-10 2008-09 2007-08

Past Performance may or may not be sustained in future.
Pursuant to SEBI circular no. SEBI / IMD / CIR No. 6 /172445/ 2009 dated August 7, 2009 and SEBI / IMD / CIR No. 7 /173650 / 2009 dated August
17, 2009, the Scheme shall not be permitted to make distinction between unitholders by charging differential exit loads based on the amount
of subscription and such parity shall be made applicable at the portfolio level respectively.
(ii) ) Actual Expenses for 2010-11 Actual expenses for the scheme were Rs. 91.92 lacs amounting to Actual expenses for the scheme were Rs. 52.19 lacs amounting to 2.47%
2.49% of Average Daily Net Assets for the financial year 2010-11 of Average Daily Net Assets for the financial year 2010-11
(iii) Recurring Expenses (% of Net Assets % of daily Average Net Assets Net Assets % of daily Average Net Assets
daily Average Net Assets) First Rs. 100 crores 2.50 First Rs. 100 crores 2.50
Tax Treatment for the Investors Investors are advised to refer the details on page no. 12 of this document or refer Statement of Additional Information. Investors are also advised
(Unitholders) to independently consult their tax advisor.
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