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L&T Mutual Fund announced the appointment of Alok Ranjan as the Key Personnel of AMC and dedicated Fund Manager for investment in foreign securities in L&T Hybrid Equity Fund, L&T Equity Fund, L&T India Large Cap Fund, L&T Large and Midcap Fund, L&T India Value Fund, L&T Arbitrage Opportunities Fund, L&T Business Cycles Fund and L&T Emerging Businesses Fund effective Oct 1, 2019. The AMC also announced the resignation of Karan Desai as Key Personnel of the AMC and the dedicated Fund Manager for investment in foreign securities of the above mentioned fund from the effective date.