L&T BUSINESS CYCLES FUND

Data as on April 30, 2022

 
 
 

L&T BUSINESS CYCLES FUND

Data as on April 30, 2022

 
 

To seek to generate long-term capital appreciation from a diversiļ¬ed portfolio of predominantly equity and equity related securities, including equity derivatives, in the Indian market with focus on riding business cycles webkit-border-top-right-radiusough dynamic allocation between various sectors and stocks at different stages of business cycles in the economy. There is no assurance that the investment objective of the scheme will be realized.




Date of Inception
Regular Plan August 20, 2014
Direct Plan August 20, 2014
Portfolio Turnover
0.1335 times
Fund Manager
Mr. Venugopal Manghat (w.e.f. Aug 20, 2014) &
Ms. Cheenu Gupta (w.e.f. July 02, 2021)~
Benchmark
S&P BSE 500 TRI
Month end AUM
544.80 (Rs In Crs)
Monthly Average AUM
554.72 (Rs In Crs)
Volatility Measures*
Standard Deviation 25.54%
R-Squared 0.90
Beta 1.11
Sharpe Ratio# 0.44
*Source: ICRA MFIE
#Risk free rate assumed to be 3.35% (based on 3-months Mibor NSE rate during last 3 months)
Options
Growth and IDCW.
The IDCW option offers Payout or Reinvestment facilities.

Name Of Instrument % to Net
Assets
Equity & Equity related
(Listed/Awaiting listing on Stock Exchange)
Banks
➧ ICICI Bank Limited 8.78%
➧ HDFC Bank Limited 5.90%
➧ State Bank of India 4.13%
Kotak Mahindra Bank Limited 1.57%
Canara Bank 0.46%
Industrial Products
➧ Timken India Limited 4.21%
➧ Ratnamani Metals & Tubes Limited 3.15%
Carborundum Universal Limited 2.04%
Finolex Cables Limited 1.00%
AIA Engineering Limited 0.95%
Construction
➧ Larsen & Toubro Limited 3.86%
➧ KNR Constructions Limited 3.29%
Ahluwalia Contracts India Limited 2.62%
PNC Infratech Limited 0.59%
Cement & Cement Products
➧ UltraTech Cement Limited 3.48%
The Ramco Cements Limited 2.09%
Birla Corporation Limited 1.96%
Shree Cements Limited 0.93%
Consumer Durables
Century Plyboards (India) Limited 1.60%
Kajaria Ceramics Limited 1.44%
Greenpanel Industries Limited 1.39%
Titan Company Limited 1.31%
Blue Star Limited 1.25%
Auto Components
➧ Schaeffler India Limited 3.56%
Sona BLW Precision Forgings Limited 1.19%
Sundram Fasteners Limited 1.16%
Petroleum Products
➧ Reliance Industries Limited 4.75%
Hindustan Petroleum Corporation Limited 0.97%
Chemicals & Petrochemicals
Deepak Nitrite Limited 1.78%
Gujarat Fluorochemicals Limited 1.22%
Aarti Industries Limited 0.52%
Electrical Equipment
Name Of Instrument % to Net
Assets
ABB India Limited 2.22%
Thermax Limited 1.10%
Abb Power Products And Systems India Limited 0.11%
Retailing
Trent Limited 2.41%
Avenue Supermarts Limited 0.91%
Automobiles
Mahindra & Mahindra Limited 1.25%
Tata Motors Limited 1.09%
Maruti Suzuki India Limited 0.49%
Finance
Housing Development Finance Corporation Limited 1.81%
Cholamandalam Investment and Finance Company Limited 0.72%
Realty
Godrej Properties Limited 1.77%
Mahindra Lifespace Developers Limited 0.68%
Ferrous Metals
Jindal Steel & Power Limited 1.89%
Industrial Manufacturing
Indian Hume Pipe Company Limited 1.18%
Honeywell Automation India Limited 0.61%
Non - Ferrous Metals
Hindalco Industries Limited 1.66%
Transport Services
Container Corporation of India Limited 1.26%
VRL Logistics Limited 0.29%
Leisure Services
EIH Limited 1.54%
Textiles & Apparels
Gokaldas Exports Limited 0.98%
Nitin Spinners Limited 0.47%
Fertilizers & Agrochemicals
PI Industries Limited 1.07%
Gas
Aegis Logistics Limited 0.90%
Total 99.56%
OTHERS
(a) Tri Party Repo Dealing System (TREPS)0.79%
(b) Net Receivables/(Payables)-0.35%
Net Assets 100.00%
Total number of holdings 54
➧ Indicates top ten instruments

 


~For investments in foreign securities - Mr. Sonal Gupta (w.e.f July 5, 2021)
Exit Load: If the units redeemed or switched out are upto 10% of the units purchased or switched in (“the limit”) within 1 year from the date of allotment – Nil. If units redeemed or switched out are over and above the limit within 1 year from the date of allotment – 1%. If units are redeemed or switched out on or after 1 year from the date of allotment – Nil.
For details of the performance of the schemes, please refer to 'Scheme Performance Section'
+ Please refer to note on expense ratios in 'Fund Manager wise Scheme Details'
The Fund was co-managed by Mr. Vihang Naik till July 1, 2021.

 

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