L&T Mutual Fund has decided to change the fund manager of the following schemes with effect from December 17, 2019:
| Schemes | Existing | New | |
| L&T Equity Fund | S.N. Lahiri | Vihang Naik, Venugopal Manghat | |
| L&T Large and Midcap Fund | S.N. Lahiri | Vihang Naik,Venugopal Manghat | |
| L&T Tax Advantage Fund | S.N. Lahiri | Vihang Naik, Venugopal Manghat | |
| L&T Focused Equity Fund | S.N. Lahiri, Vihang Naik | Vihang Naik, Venugopal Manghat | |
| L&T Midcap Fund | S.N. Lahiri, Vihang Naik | Vihang Naik, Venugopal Manghat | |
| L&T Balanced Advantage Fund | S.N. Lahiri, Praveen Ayathan, Jalpan Shah | Vihang Naik, Venugopal Manghat, Praveen Ayathan, Jalpan Shah | |
| L&T Emerging opportunities Fund - Series I | Vihang Naik | Vihang Naik, Venugopal Manghat | |
| L&T Emerging opportunities Fund - Series II | Vihang Naik | Vihang Naik, Venugopal Manghat | |
| L&T Emerging Businesses Fund | S.N. Lahiri | Venugopal Manghat, Vihang Naik | |
| L&T Infrastructure Fund | S.N. Lahiri | Venugopal Manghat, Vihang Naik | |
| L&T Hybrid Equity Fund | S.N. Lahiri, Shriram Ramanathan, Alok Ranjan | Venugopal Manghat, Vihang Naik, Alok Ranjan, Shriram Ramanathan | |
| L&T India Value Fund | Venugopal Manghat | Venugopal Manghat, Vihang Naik | |
| L&T Business Cycles Fund | Venugopal Manghat | Venugopal Manghat, Vihang Naik | |
| L&T Equity Savings Fund | Venugopal Manghat, Praveen Ayathan, Jalpan Shah | Venugopal Manghat, Vihang Naik, Praveen Ayathan, Jalpan Shah | |
| L&T Conservative Hybrid Fund | Venugopal Manghat, Jalpan Shah | Venugopal Manghat, Vihang Naik, Jalpan Shah | |
| L&T India Large Cap Fund | Venugopal Manghat | Venugopal Manghat, Vihang Naik |