L&T BALANCED ADVANTAGE FUND^

Data as on August 31, 2021

 
 
 

L&T BALANCED ADVANTAGE FUND^

Data as on August 31, 2021

 
 

To seek to generate long-term capital appreciation from a diversified portfolio of equity and equity related securities and to generate reasonable returns by investing in a portfolio of debt and money market instruments and arbitrage opportunities in the cash and derivatives segments of the equity markets. There is no assurance that the investment objective of the scheme will be realized.




Date of Inception
Regular Plan February 07, 2011
Direct Plan January 01, 2013
Portfolio Turnover
5.5361 times
Fund Manager
Mr. Vihang Naik (w.e.f. Dec 17, 2019), Ms. Cheenu Gupta (w.e.f. July 02, 2021) & Mr. Praveen Ayathan (w.e.f. Jan 30, 2016) (for investments in equity and equity related instruments)
& Mr. Jalpan Shah (w.e.f. May 30, 2016) (investments in debt and debt related instruments)
Benchmark
50% - S&P BSE-200 TRI Index and 50% CRISIL Short Term Bond Fund Index
Month end AUM
2,001.99 (Rs In Crs)
Monthly Average AUM
1,964.84 (Rs In Crs)
Options
Growth and IDCW.
The IDCW Option offers Payout and Reinvestment facilities.

Name Of Instrument % to Net
Assets
% to Net
Assets
(hedged)
% to Net
Assets
(unhedged)

 

EQUITY & EQUITY RELATED
Listed/Awaiting Listing on the Stock Exchanges
Banks
➧ Kotak Mahindra Bank Limited
2.69%  -  2.69%
➧ ICICI Bank Limited
5.05% 3.00% 2.05%
HDFC Bank Limited
1.22%  -  1.22%
➧ State Bank of India
2.15% 2.15%  - 
Bandhan Bank Limited
0.16% 0.16%  - 
Petroleum Products
     
➧ Reliance Industries Limited
6.99% 5.89% 1.10%
➧ Bharat Petroleum Corporation Limited
1.75% 1.75%  - 
Consumer Non Durables
     
Zydus Wellness Limited
1.27%  -  1.27%
Heritage Foods Limited
1.11%  -  1.11%
Dabur India Limited
0.75%  -  0.75%
Hindustan Unilever Limited
0.52%  -  0.52%
Asian Paints Limited
0.50%  -  0.50%
ITC Limited
1.37% 1.04% 0.33%
Colgate Palmolive (India) Limited
1.02% 1.02%  - 
United Spirits Limited
0.42% 0.42%  - 
Software
     
Infosys Limited
1.46% 0.06% 1.40%
HCL Technologies Limited
1.22%  -  1.22%
MphasiS Limited
1.14%  -  1.14%
Tata Consultancy Services Limited
1.58% 0.74% 0.84%
Pharmaceuticals
     
Cipla Limited
1.31%  -  1.31%
Abbott India Limited
1.02%  -  1.02%
Divi's Laboratories Limited
0.86% 0.06% 0.80%
Alkem Laboratories Limited
0.72%  -  0.72%
Dr. Reddy's Laboratories Limited
0.50%  -  0.50%
Biocon Limited
0.19%  -  0.19%
Cadila Healthcare Limited
0.24% 0.24%  - 
Lupin Limited
0.12% 0.12%  - 
Aurobindo Pharma Limited
0.09% 0.09%  - 
Alembic Pharmaceuticals Limited
0.09% 0.09%  - 
Glenmark Pharmaceuticals Limited
0.04% 0.04%  - 
Ferrous Metals
     
➧ Tata Steel Limited
4.82% 3.40% 1.42%
Jindal Steel & Power Limited
0.31% 0.31%  - 
Telecom - Services
     
➧ Bharti Airtel Limited
5.11% 4.00% 1.11%
Construction
     
Sunteck Realty Limited
0.59%  -  0.59%
➧ DLF Limited
3.94% 3.94%  - 
Non - Ferrous Metals
     
➧ Vedanta Limited
2.95% 2.95%  - 
Auto
     
Tata Motors Limited
0.69%  -  0.69%
Hero MotoCorp Limited
0.45%  -  0.45%
Maruti Suzuki India Limited
0.42%  -  0.42%
Mahindra & Mahindra Limited
0.25%  -  0.25%
TVS Motor Company Limited
0.26% 0.26%  - 
Bajaj Auto Limited
0.06% 0.06%  - 
Pesticides
     
➧ UPL Limited
1.66% 1.66%  - 
Insurance
     
HDFC Life Insurance Company Limited
0.99%  -  0.99%
ICICI Lombard General Insurance Company Limited
0.64%  -  0.64%
Finance
     
Name Of Instrument % to Net
Assets
% to Net
Assets
(hedged)
% to Net
Assets
(unhedged)

 

CRISIL Limited
1.02% - 1.02%
Manappuram Finance Limited
0.39% - 0.39%
Housing Development Finance Corporation Limited
0.16% 0.16% -
Cement & Cement Products
     
Shree Cements Limited
1.38% - 1.38%
Entertainment
     
Zee Entertainment Enterprises Limited
0.97% 0.97% -
Retailing
     
Avenue Supermarts Limited
0.87% - 0.87%
Gas
     
GAIL India Limited
0.84% - 0.84%
Indraprastha Gas Limited
0.02% 0.02% -
Construction Project
     
H.G Infra Engineering Limited
0.42% - 0.42%
Larsen & Toubro Limited
0.42% - 0.42%
Auto Ancillaries
     
Sona BLW Precision Forgings Limited
0.59% - 0.59%
Balkrishna Industries Limited
0.14% 0.14% -
Capital Markets
     
HDFC Asset Management Company Limited
0.25% - 0.25%
Power
     
Tata Power Company Limited
0.16% 0.16% -
Paper
     
Emami Paper Limited
0.07% - 0.07%
Chemicals
     
Navin Fluorine International Limited
- - -
Total
68.39% 34.90% 33.49%

Name of Instrument
% to Net Assets
 
DEBT INSTRUMENTS
Fixed Rates Bonds-Corporate
Listed / Awaiting listing on Stock Exchanges
Export Import Bank of India  CRISIL AAA
1.47%
Indian Railway Finance Corporation Limited  CRISIL AAA
1.31%
National Highways Authority of India  CRISIL AAA
1.30%
National Bank for Agriculture & Rural Development  CRISIL AAA
0.82%
Total
 
4.90%
Central Government Securities
 
05.22% GOI 15-JUN-2025 SOVEREIGN
10.08%
06.18% GOI 04-NOV-2024 SOVEREIGN
7.94%
05.15% GOI 09-NOV-2025 SOVEREIGN
3.78%
Total  
21.80%
MONEY MARKET INSTRUMENT    
Certificate of Deposit    
HDFC Bank Limited CRISIL A1+
2.41%
Total  
2.41%
OTHERS  
(a) Margin as Cash Margin  
-0.36%
(b) Tri Party Repo Dealing System (TREPS)  
3.09%
(c) Net Receivables/(Payables)  
-0.23%
Net Assets
100.00%
Total number of holdings
61
➧ Indicates top ten instruments
All corporate ratings are assigned by rating agencies like CRISIL; CARE; ICRA; IND.
Total outstanding position (as at Aug, 2021) in Derivative Instruments (Gross Notional) 69,951.87 lakhs
Total percentage of existing assets hedged through futures is 34.90%
 

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 other funds managed by the Fund Manager and 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 name of the Scheme is changed to L&T Balanced Advantage Fund from L&T Dynamic Equity Fund with effect from August 01, 2019 ('effective date'). Also, note that there has been changes in the fundamental attributes of the Scheme applicable from the effective date. For further information please refer the Notice cum Addendum dated June 24, 2019.
For investments in equity and equity related instruments in the Fund was co-managed by Mr. Venugopal Manghat till July 1, 2021.

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