L&T BUSINESS CYCLES FUND

Data as on June 30, 2021

 
 
 

L&T BUSINESS CYCLES FUND

Data as on June 30, 2021

 
 

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
0.0905 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 200 TRI Index
Month end AUM
545.66(Rs In Crs)
Monthly Average AUM
545.51(Rs In Crs)
Volatility Measures*
Standard Deviation 27.11%
R-Squared 0.89
Beta 1.15
Sharpe Ratio# 0.26
*Source: ICRA MFIE
#Risk free rate assumed to be 3.11% (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 Rating/Industry % to Net
Assets
Equity & Equity related
(Listed/Awaiting listing on Stock Exchange)
Banks
➧ ICICI Bank Limited 7.79%
➧ HDFC Bank Limited 7.56%
State Bank of India 2.59%
Kotak Mahindra Bank Limited 1.79%
Cement & Cement Products
➧ UltraTech Cement Limited 4.64%
➧ The Ramco Cements Limited 3.01%
Shree Cements Limited 2.37%
Birla Corporation Limited 2.18%
Industrial Products
➧ Timken India Limited 3.23%
Carborundum Universal Limited 1.61%
AIA Engineering Limited 1.53%
Finolex Cables Limited 1.29%
Schaeffler India Limited 1.10%
Construction
➧ KNR Constructions Limited 2.90%
Godrej Properties Limited 2.48%
Ahluwalia Contracts India Limited 1.92%
PNC Infratech Limited 0.67%
Ferrous Metals
➧ Ratnamani Metals & Tubes Limited 3.71%
Jindal Steel & Power Limited 2.37%
Chemicals
➧ Deepak Nitrite Limited 2.63%
Atul Limited 1.95%
Aarti Industries Limited 1.42%
Petroleum Products
➧ Reliance Industries Limited 4.77%
Hindustan Petroleum Corporation Limited 1.05%
Consumer Durables
Kajaria Ceramics Limited 1.77%
Whirlpool of India Limited 1.09%
Blue Star Limited 0.97%
Titan Company Limited 0.92%
Name Of Instrument Rating/Industry % to Net
Assets
Johnson Controls - Hitachi Air Conditioning India Limited 0.58%
Auto
Mahindra & Mahindra Limited 2.41%
Maruti Suzuki India Limited 1.96%
Tata Motors Limited 0.77%
Industrial Capital Goods
ABB India Limited 2.15%
Indian Hume Pipe Company Limited 1.43%
Thermax Limited 0.77%
Honeywell Automation India Limited 0.64%
Abb Power Products And Systems India Limited 0.07%
Construction Project
➧ Larsen & Toubro Limited 3.41%
Retailing
Trent Limited 1.99%
Avenue Supermarts Limited 0.77%
Transportation
Aegis Logistics Limited 1.40%
Container Corporation of India Limited 1.04%
Auto Ancillaries
Sundram Fasteners Limited 1.42%
Sona BLW Precision Forgings Limited 0.80%
Finance
Housing Development Finance Corporation Limited 2.01%
Pesticides
PI Industries Limited 1.31%
Fertilisers
Coromandel International Limited 1.23%
Leisure Services
EIH Limited 1.07%
Non - Ferrous Metals
Hindalco Industries Limited 0.60%
Total 99.14%
OTHERS
(a) Tri Party Repo Dealing System (TREPS)0.58%
(b) Net Receivables/(Payables)0.28%
Net Assets 100.00%
Total number of holdings 49
➧ 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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