L&T Balanced Advantage Fund
(Formerly known as L&T Dynamic Equity Fund)^

Data as on January 31, 2020

 
 
 

L&T Balanced Advantage Fund
(Formerly known as L&T Dynamic Equity Fund)^

Data as on January 31, 2020

 
 

Fund Details

NAV of Plans/Options
(as on January 31, 2020)

Rs
Dividend Option - Regular Plan
16.983
Growth Option - Regular Plan
25.491
Dividend Option - Direct Plan
18.584
Growth Option - Direct Plan
27.451
Date of Inception :  
Regular Plan February 7, 2011
Direct Plan January 01, 2013
Total Expense Ratio+ : 2.46% (Regular)
1.08% (Direct)
- Including Additional Expenses, B30 charges and GST on Management Fees
- Total Expense Ratio is as on the last business day of the month
Portfolio Turnover : 5.4711
Options Growth and Dividend. The Dividend Option offers Payout and Reinvestment facilities.
Minimum Application size
(Initial)
Rs 5,000 per application
Additional Investment Rs 1,000 per application
Minimum Redemption Size Rs 500 or 50 units
Fund Manager Mr. Vihang Naik, Mr. Venugopal Manghat (w.e.f. Dec 17, 2019), Mr.
Praveen Ayathan & Mr. Jalpan Shah (investments in debt and debt related
instruments) (w.e.f. May 30, 2016)
Benchmark 50% - S&P BSE-200 TRI Index and 50% CRISIL Short Term Bond Fund Index
Monthly Average AUM (Rs In Crs) 692.52
Month end AUM(Rs In Crs) 698.71
Portfolio Allocation
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
HDFC Bank Limited
6.25%
2.01%
4.24%
ICICI Bank Limited
3.74%
-
3.74%
Kotak Mahindra Bank Limited
3.56%
-
3.56%
RBL Bank Limited
1.02%
-
1.02%
Indian Bank
0.36%
-
0.36%
Axis Bank Limited
0.31%
0.31%
-
IndusInd Bank Limited
0.27%
0.27%
-
Finance
HDFC Life Insurance Company Limited
4.46%
-
4.46%
ICICI Lombard General Insurance Company Limited
2.47%
-
2.47%
SBI Life Insurance Company Limited
1.99%
-
1.99%
Cholamandalam Investment and Finance Company Limited
0.83%
-
0.83%
Housing Development Finance Corporation Limited
5.25%
5.25%
-
Software
Infosys Limited
5.13%
0.69%
4.44%
Tata Consultancy Services Limited
2.35%
0.54%
1.81%
Mphasis Limited
0.79%
-
0.79%
Construction Project
Larsen & Toubro Limited
7.18%
4.05%
3.13%
H.G Infra Engineering Limited
0.81%
-
0.81%
NCC Limited
0.28%
0.28%
-
Cement
Grasim Industries Limited
1.11%
-
1.11%
ACC Limited
3.55%
2.75%
0.80%
Ambuja Cements Limited
0.43%
0.43%
-
Consumer Non Durables
Asian Paints Limited
1.83%
-
1.83%
Dabur India Limited
0.92%
-
0.92%
ITC Limited
2.25%
2.25%
-
Gas
Mahanagar Gas Limited
2.12%
-
2.12%
Petronet LNG Limited
0.95%
0.95%
-
Telecom - Services
Bharti Airtel Limited
2.08%
-
2.08%
Pharmaceuticals
Sun Pharmaceutical Industries Limited
1.44%
-
1.44%
Name Of Instrument % to Net
Assets
% to Net
Assets
(hedged)
% to Net
Assets
(unhedged)
 
Petroleum Products
Reliance Industries Limited
0.77%
0.12%
0.65%
Trading
Adani Enterprises Limited
0.72%
0.72%
-
Paper
Emami Paper Limited
0.23%
-
0.23%
Transportation
Adani Ports and Special Economic Zone Limited
0.22%
0.22%
-
Chemicals
Tata Chemicals Limited
0.16%
0.16%
-
Power
Tata Power Company Limited
0.08%
0.08%
-
Total
65.91%
21.08%
44.83%
 
Name of Instrument
Rating/ Industry % to Net Assets
 
DEBT INSTRUMENTS
Fixed Rates Bonds - Corporate
Listed / Awaiting listing on Stock Exchanges
Export Import Bank Of India 
CRISIL AAA
3.93%
National Highways Authority of India 
CRISIL AAA
3.64%
Rec Limited 
CRISIL AAA
2.88%
National Bank for Agriculture & Rural Development 
CRISIL AAA
2.17%
Power Grid Corporation of India Limited 
CRISIL AAA
0.72%
Total
13.34%
OTHERS
 
 
Deposits (placed as margins)
 
 
(a) Fixed Deposits
 
 
HDFC Bank Limited
4.88%
ICICI Bank Limited
0.71%
Total
 
5.59%
(b) Margin as Cash Margin
0.09%
(c) Tri Party Repo Dealing System (TREPS)
14.07%
(d) Net Receivables/(Payables)
1.00%
Net Assets
100.00%
Total number of holdings
34
All corporate ratings are assigned by rating agencies like CRISIL; CARE; ICRA; IND.
Total outstanding position (as at Jan, 2020) in Derivative Instruments (Gross Notional) 14,799.42 lakhs
Total percentage of existing assets hedged through futures is 21.08%
 


Investment objective: 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.
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.

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