L&T Arbitrage Opportunities Fund

Data as on January 31, 2020

 
 
 

L&T Arbitrage Opportunities Fund

Data as on January 31, 2020

 
 

Fund Details

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

Rs
Monthly Dividend - Regular Plan
10.201
Quarterly Dividend - Regular Plan
10.665
Growth - Regular Plan
14.255
Monthly Dividend - Direct Plan
10.407
Quarterly Dividend - Direct Plan
10.876
Growth - Direct Plan
14.735
Date of Inception :  
Regular Plan June 30, 2014
Direct Plan June 30, 2014
Total Expense Ratio+ : 0.96% (Regular)
0.46% (Direct)
- Including Additional Expenses and GST on Management Fees - Total Expense Ratio is as on the last business day of the month
Portfolio Turnover : 17.6713
Options • Growth
• Dividend Option
1. Monthly Dividend (Payout and Re-investment)
2. Quarterly Dividend (Payout and Re-investment)
Minimum Application size
(Initial)
Rs 5,000 per application and in multiples of Rs 1 thereafter
Additional Investment Rs 1,000 per application and in multiples of Rs 1 thereafter
Minimum Redemption Size Rs500 or 50 units or account balance, whichever is lower.
Fund Manager~ Mr. Venugopal Manghat, Mr. Praveen Ayathan & Mr. Jalpan Shah (w.e.f January 24, 2019 for Debt Portion)
Benchmark Nifty 50 Arbitrage Index
Monthly Average AUM (Rs In Crs) 811.48
Month end AUM(Rs In Crs) 817.63
   
Portfolio Allocation
Name Of Instrument % to Net
Assets
% to Net
Assets
(hedged)

 

Equity & Equity related
Listed/Awaiting listing on Stock Exchange
Banks
IndusInd Bank Limited
6.91%
6.91%
ICICI Bank Limited
3.33%
3.33%
HDFC Bank Limited
3.29%
3.29%
State Bank of India
3.03%
3.03%
Kotak Mahindra Bank Limited
1.21%
1.21%
Canara Bank
0.52%
0.52%
Punjab National Bank
0.36%
0.36%
The Federal Bank  Limited
0.35%
0.35%
Bank of Baroda
0.04%
0.04%
Axis Bank Limited
0.01%
0.01%
Finance
Muthoot Finance Limited
2.35%
2.35%
Equitas Holdings Limited
2.14%
2.14%
Housing Development Finance Corporation Limited
0.76%
0.76%
Cholamandalam Investment and Finance Company Limited
0.75%
0.75%
Manappuram Finance Limited
0.55%
0.55%
Shriram Transport Finance Company Limited
0.50%
0.50%
Bajaj Finance Limited
0.24%
0.24%
LIC Housing Finance Limited
0.22%
0.22%
Max Financial Services Limited
0.19%
0.19%
ICICI Prudential Life Insurance Company Limited
0.16%
0.16%
Bajaj Finserv Limited
0.04%
0.04%
Cement
Grasim Industries Limited
5.08%
5.08%
Ambuja Cements Limited
0.84%
0.84%
ACC Limited
0.57%
0.57%
UltraTech Cement Limited
0.24%
0.24%
The Ramco Cements Limited
0.16%
0.16%
Consumer Non Durables
ITC Limited
3.11%
3.11%
Colgate Palmolive (India) Limited
0.73%
0.73%
Marico Limited
0.47%
0.47%
Godrej Consumer Products Limited
0.43%
0.43%
Asian Paints Limited
0.34%
0.34%
United Spirits Limited
0.16%
0.16%
Britannia Industries Limited
0.09%
0.09%
Nestle India Limited
0.08%
0.08%
Hindustan Unilever Limited
0.07%
0.07%
Dabur India Limited
0.01%
0.01%
Transportation
Adani Ports and Special Economic Zone Limited
3.84%
3.84%
Container Corporation of India Limited
1.35%
1.35%
InterGlobe Aviation Limited
0.10%
0.10%
Trading
Adani Enterprises Limited
3.64%
3.64%
Construction Project
Larsen & Toubro Limited
2.51%
2.51%
NCC Limited
0.63%
0.63%
Software
Tata Consultancy Services Limited
1.90%
1.90%
Infosys Limited
0.57%
0.57%
Tech Mahindra Limited
0.13%
0.13%
HCL Technologies Limited
0.03%
0.03%
Auto
Bajaj Auto Limited
1.57%
1.57%
Maruti Suzuki India Limited
0.69%
0.69%
Eicher Motors Limited
0.07%
0.07%
Tata Motors Limited
0.02%
0.02%
Pharmaceuticals
Lupin Limited
1.06%
1.06%
Sun Pharmaceutical Industries Limited
0.42%
0.42%
Cipla Limited
0.32%
0.32%
Glenmark Pharmaceuticals Limited
0.29%
0.29%
Name Of Instrument % to Net
Assets
% to Net
Assets
(hedged)

 

Dr. Reddy's Laboratories Limited
0.20%
0.20%
Piramal Enterprises Limited
0.03%
0.03%
Petroleum Products
Reliance Industries Limited
1.77%
1.77%
Bharat Petroleum Corporation Limited
0.18%
0.18%
Consumer Durables
Voltas Limited
0.69%
0.69%
Havells India Limited
0.38%
0.38%
Titan Company Limited
0.34%
0.34%
Bata India Limited
0.17%
0.17%
Gas
GAIL India Limited
0.76%
0.76%
Petronet LNG Limited
0.48%
0.48%
Telecom - Services
Bharti Airtel Limited
1.08%
1.08%
Pesticides
UPL Limited
0.49%
0.49%
Chemicals
Pidilite Industries Limited
0.30%
0.30%
Power
CESC Limited
0.27%
0.27%
Tata Power Company Limited
0.02%
0.02%
Industrial Capital Goods
Siemens Limited
0.27%
0.27%
Bharat Electronics Limited
0.01%
0.01%
Ferrous Metals
Jindal Steel & Power Limited
0.11%
0.11%
Tata Steel Limited
0.07%
0.07%
JSW Steel Limited
0.06%
0.06%
Auto Ancillaries
Amara Raja Batteries Limited
0.12%
0.12%
Apollo Tyres Limited
0.10%
0.10%
Industrial Products
Cummins India Limited
0.08%
0.08%
Non - Ferrous Metals
Hindalco Industries Limited
0.07%
0.07%
Media & Entertainment
Zee Entertainment Enterprises Limited
0.06%
0.06%
Paper
Century Textiles & Industries Limited
0.05%
0.05%
Healthcare Services
Apollo Hospitals Enterprise Limited
0.04%
0.04%
Construction
DLF Limited
0.03%
0.03%
Total
66.70%
66.70%
Name of Instrument Rating/
Industry
% to Net
Assets
MONEY MARKET INSTRUMENT
Certificate of Deposit/Commercial Paper
Tata Power Company Limited
CRISIL A1+
3.04%
Vedanta Limited
CRISIL A1+
3.04%
JSW Steel Limited
CARE A1+
3.02%
Total
 
9.10%
OTHERS
 
 
Deposits (placed as margins)
(a) Fixed Deposits
 
 
ICICI Bank Limited
 
9.76%
HDFC Bank Limited
 
5.55%
Total
 
15.31%
(b) Margin as Cash Margin
0.50%
(c) Tri Party Repo Dealing System (TREPS)
5.32%
(d) Net Receivables/(Payables)
3.07%
Net Assets
 
100.00%
Total number of holdings 82
All corporate ratings are assigned by rating agencies like CRISIL; CARE; ICRA; IND.
TTotal outstanding position (as at Jan 2020) in Derivative Instruments (Gross Notional) 54,716.89 lakhs
Total percentage of existing assets hedged through futures is 66.70%
 

Past performance may or may not be sustained in the future. Returns greater than 1 year period are compounded annualized. Dividends are assumed to be reinvested and bonus is adjusted. Load is not taken in to consideration. For SIP returns, monthly investment of Rs 10000 invested on the 1st day of every month has been considered.
*B: Scheme Benchmark, AB: Additional Benchmark


~For investments in foreign securities - Mr. Alok Ranjan (w.e.f Oct 1, 2019)
Investment objective: To seek to generate reasonable returns by predominantly investing in arbitrage opportunities in the cash and derivatives segments of the equity markets and by investing balance in debt and money market instruments.
Exit Load: For redemption on or before 1 month from the date of allotment or Purchase applying First in First out basis - 0.50% of Applicable NAV. After 1 month from the date of allotment or Purchase applying First in First out basis 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'