L&T BALANCED ADVANTAGE FUND

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

Data as on June 30, 2021

 
 
 

L&T BALANCED ADVANTAGE FUND

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

Data as on June 30, 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
5.6371 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
1,843.77 (Rs In Crs)
Monthly Average AUM
1,809.10(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
2.84%  -   2.84%
➧ ICICI Bank Limited
4.87% 2.91% 1.96%
HDFC Bank Limited
1.26%  -   1.26%
➧ State Bank of India
2.28% 2.28%  -  
Axis Bank Limited
0.61% 0.61%  -  
Petroleum Products
     
➧ Reliance Industries Limited
7.09% 5.98% 1.11%
➧ Bharat Petroleum Corporation Limited
1.88% 1.88%  -  
Consumer Non Durables
     
Heritage Foods Limited
1.12%  -   1.12%
Zydus Wellness Limited
1.05%  -   1.05%
Dabur India Limited
0.75%  -   0.75%
Hindustan Unilever Limited
0.51%  -   0.51%
Asian Paints Limited
0.51%  -   0.51%
ITC Limited
1.42% 1.09% 0.33%
Colgate Palmolive (India) Limited
1.38% 1.38%  -  
Godrej Consumer Products Limited
0.94% 0.94%  -  
United Spirits Limited
0.43% 0.43%  -  
Pharmaceuticals
     
Abbott India Limited
0.97%  -   0.97%
Alkem Laboratories Limited
0.65%  -   0.65%
Dr. Reddy's Laboratories Limited
0.63%  -   0.63%
Divi's Laboratories Limited
0.57%  -   0.49%
Cipla Limited
0.45%  -   0.45%
Biocon Limited
0.24%  -   0.24%
Cadila Healthcare Limited
0.31% 0.31%  -  
Alembic Pharmaceuticals Limited
0.22% 0.22%  -  
Lupin Limited
0.22% 0.22%  -  
Glenmark Pharmaceuticals Limited
0.22% 0.22%  -  
Aurobindo Pharma Limited
0.14% 0.14%  -  
Telecom - Services
     
➧ Bharti Airtel Limited
4.41% 3.45% 0.96%
Ferrous Metals
     
➧ Tata Steel Limited
3.71% 2.97% 0.74%
Jindal Steel & Power Limited
0.36% 0.36%  -  
Software
     
Infosys Limited
0.97% 0.06% 0.91%
MphasiS Limited
0.91%  -   0.91%
Tata Consultancy Services Limited
0.81%  -   0.81%
HCL Technologies Limited
0.60%  -   0.60%
Tech Mahindra Limited
0.07% 0.07%  -  
Auto
     
Hero MotoCorp Limited
0.52%  -   0.52%
Maruti Suzuki India Limited
0.50%  -   0.50%
Tata Motors Limited
0.38%  -   0.38%
Mahindra & Mahindra Limited
0.27%  -   0.27%
TVS Motor Company Limited
1.45% 1.45%  -  
Bajaj Auto Limited
0.07% 0.07%  -  
Non - Ferrous Metals
     
➧ Vedanta Limited
2.74% 2.74%  -  
Pesticides
     
➧ UPL Limited
1.92% 1.92%  -  
Insurance
     
HDFC Life Insurance Company Limited
1.02%  -   1.02%
ICICI Lombard General Insurance Company Limited
0.69%  -   0.69%
Cement & Cement Products
     
➧ Shree Cements Limited
1.46%  -   1.46%
Grasim Industries Limited
0.15% 0.15%  -  
Ambuja Cements Limited
0.02% 0.02%  -  
Name Of Instrument % to Net
Assets
% to Net
Assets
(hedged)
% to Net
Assets
(unhedged)

 

Construction
     
Sunteck Realty Limited
0.52%  -   0.52%
DLF Limited
1.02% 1.02%  -  
Finance
     
CRISIL Limited
1.03%  -   1.03%
Housing Development Finance Corporation Limited
0.42% 0.42%  -  
Gas
     
GAIL India Limited
0.94%  -   0.94%
Indraprastha Gas Limited
0.46% 0.46%  -  
Entertainment
     
Zee Entertainment Enterprises Limited
1.32% 1.32%  -  
Auto Ancillaries
     
Sona BLW Precision Forgings Limited
0.44%  -   0.44%
Balkrishna Industries Limited
0.49% 0.49%  -  
Retailing
     
Avenue Supermarts Limited
0.80%  -   0.80%
Construction Project
     
Larsen & Toubro Limited
0.41%  -   0.41%
H.G Infra Engineering Limited
0.33%  -   0.33%
Transportation
     
Container Corporation of India Limited
0.64% 0.64%  -  
Capital Markets
     
HDFC Asset Management Company Limited
0.26%  -   0.26%
Power
     
Tata Power Company Limited
0.16% 0.16%  -  
Paper
     
Emami Paper Limited
0.07%  -   0.07%
Total
65.90% 36.46% 29.44%
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
1.57%
Indian Railway Finance Corporation Limited  CRISIL AAA
1.41%
National Highways Authority of India  CRISIL AAA
1.40%
National Bank for Agriculture & Rural Development  CRISIL AAA
0.88%
Total
 
5.26%
Investment Funds/Mutual Funds
 
L&T Liquid Fund-Direct Plan - Growth
Unrated
1.67%
Total
1.67%
Central Government Securities
 
06.18% GOI 04-NOV-2024
SOVEREIGN
9.39%
05.22% GOI 15-JUN-2025
SOVEREIGN
8.45%
Total
17.84%
OTHERS
 
Deposits (placed as margins)
 
(a) Fixed Deposits
 
HDFC Bank Limited
1.43%
Total
1.43%
(b) Margin as Cash Margin
0.10%
(c) Tri Party Repo Dealing System (TREPS)
8.03%
(d) 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 June, 2021) in Derivative Instruments (Gross Notional) 67,430.45 lakhs
Total percentage of existing assets hedged through futures is 36.46%
 

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.
The Fund was co-managed by Mr. Venugopal Manghat till July 1, 2021.

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