L&T BUSINESS CYCLES FUND

Data as on February 28, 2022

 
 
 

L&T BUSINESS CYCLES FUND

Data as on February 28, 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
0.1363 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
537.05 (Rs In Crs)
Monthly Average AUM
556.46 (Rs In Crs)
Volatility Measures*
Standard Deviation 26.00%
R-Squared 0.91
Beta 1.12
Sharpe Ratio# 0.50
*Source: ICRA MFIE
#Risk free rate assumed to be 3.44% (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 8.90%
➧ HDFC Bank Limited 6.96%
➧ State Bank of India 4.08%
Kotak Mahindra Bank Limited 1.64%
Canara Bank 0.45%
Industrial Products
➧ Timken India Limited 4.36%
➧ Schaeffler India Limited 2.85%
Carborundum Universal Limited 2.17%
Finolex Cables Limited 1.04%
AIA Engineering Limited 0.81%
Cement & Cement Products
➧ UltraTech Cement Limited 4.04%
The Ramco Cements Limited 2.27%
Birla Corporation Limited 2.01%
Shree Cements Limited 0.89%
Construction
➧ KNR Constructions Limited 3.82%
Ahluwalia Contracts India Limited 1.96%
Godrej Properties Limited 1.71%
PNC Infratech Limited 0.62%
Mahindra Lifespace Developers Limited 0.47%
Consumer Durables
Kajaria Ceramics Limited 1.74%
Century Plyboards (India) Limited 1.52%
Titan Company Limited 1.38%
Blue Star Limited 1.29%
Greenpanel Industries Limited 0.73%
Whirlpool of India Limited 0.43%
Industrial Capital Goods
ABB India Limited 2.51%
Indian Hume Pipe Company Limited 1.28%
Thermax Limited 0.95%
Honeywell Automation India Limited 0.63%
Abb Power Products And Systems India Limited 0.12%
Petroleum Products
➧ Reliance Industries Limited 4.08%
Hindustan Petroleum Corporation Limited 1.00%
Ferrous Metals
Name Of Instrument % to Net
Assets
➧ Ratnamani Metals & Tubes Limited 3.04%
Jindal Steel & Power Limited 1.51%
Construction Project
➧ Larsen & Toubro Limited 4.19%
Chemicals
Deepak Nitrite Limited 1.55%
Gujarat Fluorochemicals Limited 1.14%
Aarti Industries Limited 0.54%
Retailing
Trent Limited 2.21%
Avenue Supermarts Limited 1.02%
Auto
Tata Motors Limited 1.15%
Mahindra & Mahindra Limited 1.08%
Maruti Suzuki India Limited 0.54%
Auto Ancillaries
Sundram Fasteners Limited 1.30%
Sona BLW Precision Forgings Limited 1.21%
Finance
Housing Development Finance Corporation Limited 1.95%
Cholamandalam Investment and Finance Company Limited 0.44%
Transportation
Container Corporation of India Limited 1.18%
Aegis Logistics Limited 0.70%
VRL Logistics Limited 0.24%
Non - Ferrous Metals
Hindalco Industries Limited 2.00%
Leisure Services
EIH Limited 1.26%
Textile Products
Gokaldas Exports Limited 1.15%
Pesticides
PI Industries Limited 0.94%
Textiles - Cotton
Nitin Spinners Limited 0.51%
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 55
➧ 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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