L&T BALANCED ADVANTAGE FUND^

Data as on February 28, 2022

 
 
 

L&T BALANCED ADVANTAGE FUND^

Data as on February 28, 2022

 
 

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
5.5034 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
NIFTY 50 Composite Hybrid Debt 50-50 Index
Month end AUM
2,037.77 (Rs In Crs)
Monthly Average AUM
2,066.54 (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
➧ ICICI Bank Limited
2.77% 1.25% 1.52%
➧ HDFC Bank Limited
1.13% 0.00% 1.13%
State Bank of India
4.24% 3.41% 0.83%
Kotak Mahindra Bank Limited
0.57% 0.00% 0.57%
Canara Bank
0.48% 0.00% 0.48%
Indian Bank
0.27% 0.00% 0.27%
Axis Bank Limited
1.82% 1.58% 0.24%
IndusInd Bank Limited
0.05% 0.05% 0.00%
Pharmaceuticals
     
Abbott India Limited
0.75% 0.00% 0.75%
Cipla Limited
0.75% 0.00% 0.75%
Sun Pharmaceutical Industries Limited
3.20% 2.59% 0.61%
Alkem Laboratories Limited
0.60% 0.00% 0.60%
Dr. Reddy's Laboratories Limited
0.26% 0.00% 0.26%
Divi's Laboratories Limited
0.27% 0.02% 0.25%
Biocon Limited
0.23% 0.00% 0.23%
Cadila Healthcare Limited
1.25% 1.25% 0.00%
Aurobindo Pharma Limited
0.20% 0.20% 0.00%
Glenmark Pharmaceuticals Limited
0.04% 0.04% 0.00%
Consumer Non Durables
     
Zydus Wellness Limited
0.86% 0.00% 0.86%
Dabur India Limited
0.72% 0.00% 0.72%
Heritage Foods Limited
0.72% 0.00% 0.72%
Varun Beverages Limited
0.59% 0.00% 0.59%
ITC Limited
2.17% 1.61% 0.56%
Asian Paints Limited
0.94% 0.41% 0.53%
Hindustan Unilever Limited
0.88% 0.43% 0.45%
Balrampur Chini Mills Limited
0.30% 0.00% 0.30%
United Spirits Limited
0.18% 0.18% 0.00%
Software
     
➧ Tata Consultancy Services Limited
1.99% 0.33% 1.66%
➧ Infosys Limited
1.52% 0.00% 1.52%
MphasiS Limited
1.10% 0.21% 0.89%
HCL Technologies Limited
0.52% 0.00% 0.52%
Tech Mahindra Limited
0.02% 0.02% 0.00%
Finance
     
➧ CRISIL Limited
1.29% 0.00% 1.29%
Housing Development Finance Corporation Limited
1.13% 0.33% 0.80%
Bajaj Holdings & Investment Limited
0.72% 0.00% 0.72%
Manappuram Finance Limited
0.27% 0.00% 0.27%
Can Fin Homes Limited
0.24% 0.00% 0.24%
Shriram Transport Finance Company Limited
 ^  0.00% 0.00%
Bajaj Finance Limited
0.85% 0.85% 0.00%
Auto
     
➧ Tata Motors Limited
1.12% 0.00% 1.12%
Maruti Suzuki India Limited
0.75% 0.00% 0.75%
Hero MotoCorp Limited
1.47% 1.02% 0.45%
Mahindra & Mahindra Limited
0.36% 0.07% 0.29%
Ashok Leyland Limited
0.23% 0.00% 0.23%
Ferrous Metals
     
APL Apollo Tubes Limited
0.50% 0.00% 0.50%
Tata Steel Limited
2.56% 2.10% 0.46%
JSW Steel Limited
0.25% 0.00% 0.25%
Jindal Steel & Power Limited
0.44% 0.44% 0.00%
Petroleum Products
     
➧ Reliance Industries Limited
3.19% 0.74% 2.45%
Hindustan Petroleum Corporation Limited
0.36% 0.00% 0.36%
Bharat Petroleum Corporation Limited
0.10% 0.10% 0.00%
Cement & Cement Products
     
➧ Shree Cements Limited
1.47% 0.26% 1.21%
UltraTech Cement Limited
2.02% 1.63% 0.39%
Grasim Industries Limited
0.12% 0.12% 0.00%
Construction
     
Ashoka Buildcon Limited
0.72% 0.00% 0.72%
Sunteck Realty Limited
0.70% 0.00% 0.70%
DLF Limited
2.09% 2.09% 0.00%
Pesticides
     
UPL Limited
1.49% 1.49% 0.00%
Power
     
Power Grid Corporation of India Limited
0.63% 0.00% 0.63%
NTPC Limited
0.45% 0.00% 0.45%
Entertainment
     
Zee Entertainment Enterprises Limited
1.02% 0.84% 0.18%
Retailing
     
➧ Avenue Supermarts Limited
0.98% 0.00% 0.98%
Telecom - Services
     
➧ Bharti Airtel Limited
0.97% 0.00% 0.97%
Oil
     
Oil India Limited
0.92% 0.00% 0.92%
Construction Project
     
Name Of Instrument
% to Net
Assets
% to Net
Assets
(hedged)
% to Net
Assets
(unhedged)

 

H.G Infra Engineering Limited
0.47% 0.00% 0.47%
Larsen & Toubro Limited
0.40% 0.00% 0.40%
Auto Ancillaries
     
Tube Investment of India Limited
0.10% 0.00% 0.10%
Varroc Engineering Limited
0.08% 0.00% 0.08%
Balkrishna Industries Limited
0.62% 0.62% 0.00%
Insurance
     
HDFC Life Insurance Company Limited
0.75% 0.00% 0.75%
Gas
     
Gujarat Gas Limited
0.43% 0.00% 0.43%
GAIL India Limited
0.26% 0.00% 0.26%
Non - Ferrous Metals
     
Hindalco Industries Limited
0.62% 0.00% 0.62%
Healthcare Services
     
Tarsons Products Limited
0.49% 0.00% 0.49%
Transportation
     
Blue Dart Express Limited
0.48% 0.00% 0.48%
Industrial Capital Goods
     
Siemens Limited
0.45% 0.00% 0.45%
Industrial Products
     
Schaeffler India Limited
0.27% 0.00% 0.27%
Textiles - Cotton
     
Vardhman Textiles Limited
0.25% 0.00% 0.25%
Paper
     
West Coast Paper Mills Limited
0.18% 0.00% 0.18%
Consumer Durables
     
Titan Company Limited
0.03% 0.03% 0.00%
Total
66.68% 26.31% 40.37%

Name of Instrument
Rating
% to Net Assets
 
DEBT INSTRUMENTS
Fixed Rates Bonds-Corporate
Listed / Awaiting listing on Stock Exchanges
Export Import Bank of India 
CRISIL AAA
1.34%
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
0.77%
Total
4.72%
Central Government Securities
 
05.22% GOI 15-06-2025
SOVEREIGN
9.82%
06.18% GOI 04-11-2024
SOVEREIGN
8.95%
05.15% GOI 09-11-2025
SOVEREIGN
3.66%
05.63% GOI 12-04-2026
SOVEREIGN
2.48%
Total  
24.91%
MONEY MARKET INSTRUMENT    
Certificate of Deposit    
HDFC Bank Limited
CARE A1+
2.41%
Total  
2.41%
OTHERS  
(a) Margin as Cash Margin  
-0.31%
(b) Tri Party Repo Dealing System (TREPS)  
3.92%
(c) Net Receivables/(Payables)  
-2.95%
Net Assets
100.00%
Total number of holdings
81
➧ Indicates top ten instruments
All corporate ratings are assigned by rating agencies like CRISIL; CARE; ICRA; IND.
Total outstanding position (as at Feb, 2022) in Derivative Instruments (Gross Notional) 53,692.77 lakhs
Total percentage of existing assets hedged through futures is 26.31%
`
 

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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