L&T Mutual Fund has decided to change the Foreign Securities fund manager of the following funds with effect from October 01, 2019:
| Scheme | Existing | New |
| L&T Hybrid Equity Fund | Karan Desai, Shriram Ramanathan, Soumendra Nath Lahiri | Alok Ranjan, Shriram Ramanathan, Soumendra Nath Lahiri |
| L&T Equity Fund | Karan Desai, Soumendra Nath Lahiri | Alok Ranjan, Soumendra Nath Lahiri |
| L&T India Large Cap Fund | Karan Desai, Venugopal Manghat | Alok Ranjan, Venugopal Manghat |
| L&T Large and Midcap Fund | Karan Desai, Soumendra Nath Lahiri | Alok Ranjan, Soumendra Nath Lahiri |
| L&T India Value Fund | Karan Desai, Venugopal Manghat | Alok Ranjan, Venugopal Manghat |
| L&T Arbitrage Opportunities Fund | Jalpan Shah, Karan Desai, Venugopal Manghat, Praveen Ayathan | Jalpan Shah, Alok Ranjan, Venugopal Manghat, Praveen Ayathan |
| L&T Business Cycles Fund | Karan Desai, Venugopal Manghat | Alok Ranjan, Venugopal Manghat |
| L&T Emerging Businesses Fund | Karan Desai, Soumendra Nath Lahiri | Alok Ranjan, Soumendra Nath Lahiri |
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