L&T BALANCED ADVANTAGE FUND^

Data as on June 30, 2022

 
 
 

L&T BALANCED ADVANTAGE FUND^

Data as on June 30, 2022

 
 

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
4.5422 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
NIFTY 50 Composite Hybrid Debt 50-50 Index
Month end AUM
1,878.64 (Rs In Crs)
Monthly Average AUM
1,893.03 (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
➧ ICICI Bank Limited
1.88% -
1.88%
➧ HDFC Bank Limited
1.67% -
1.67%
State Bank of India
3.92% 2.99%
0.93%
Kotak Mahindra Bank Limited
0.61% -
0.61%
Canara Bank
0.43% -
0.43%
Indian Bank
0.37% -
0.37%
Axis Bank Limited
1.36% 1.08%
0.28%
IndusInd Bank Limited
0.05% 0.05%
-
Pharmaceuticals & Biotechnology
   
Abbott India Limited
0.91% -
0.91%
Cipla Limited
0.80% -
0.80%
Sun Pharmaceutical Industries Limited
2.62% 1.92%
0.70%
Alkem Laboratories Limited
0.65% -
0.65%
Dr. Reddy's Laboratories Limited
0.36% -
0.36%
Biocon Limited
0.27% -
0.27%
Divi's Laboratories Limited
0.24% -
0.24%
Aurobindo Pharma Limited
0.88% 0.88%
-
Glenmark Pharmaceuticals Limited
0.03% 0.03%
-
Zydus Lifescences Limited
0.01% 0.01%
-
IT - Software
   
➧ Infosys Limited
2.21% -
2.21%
➧ Tata Consultancy Services Limited
1.66% -
1.66%
MphasiS Limited
0.71% -
0.71%
HCL Technologies Limited
0.54% -
0.54%
Tech Mahindra Limited
0.02% 0.02%
-
Finance
   
➧ CRISIL Limited
1.64% -
1.64%
Housing Development Finance Corporation Limited
0.94% 0.09%
0.85%
Bajaj Holdings & Investment Limited
0.74% -
0.74%
Manappuram Finance Limited
0.27% -
0.27%
Can Fin Homes Limited
0.19% -
0.19%
Bajaj Finance Limited
0.71% 0.71%
-
IDFC Limited
 ^   ^   
Automobiles
   
➧ Tata Motors Limited
1.15% -
1.15%
Maruti Suzuki India Limited
1.33% 0.49%
0.84%
Hero MotoCorp Limited
1.47% 0.88%
0.59%
Mahindra & Mahindra Limited
0.50% -
0.50%
Petroleum Products
   
➧ Reliance Industries Limited
3.86% 0.88%
2.98%
Hindustan Petroleum Corporation Limited
0.36% -
0.36%
Bharat Petroleum Corporation Limited
0.09% 0.09%
-
Cement & Cement Products
   
➧ Shree Cements Limited
1.08% -
1.08%
UltraTech Cement Limited
1.67% 1.26%
0.41%
Ambuja Cements Limited
1.05% 1.05%
-
Realty
   
Sunteck Realty Limited
0.78% -
0.78%
DLF Limited
2.11% 2.11%
-
Diversified FMCG
   
➧ Hindustan Unilever Limited
1.29% 0.23%
1.06%
ITC Limited
1.28% 0.46%
0.82%
Beverages
   
Varun Beverages Limited
0.86% -
0.86%
United Spirits Limited
1.54% 1.54%
-
Fertilizers & Agrochemicals
   
UPL Limited
1.00% 1.00%
-
PI Industries Limited
0.72% 0.72%
-
Food Products
   
Zydus Wellness Limited
1.02% -
1.02%
Heritage Foods Limited
0.67% -
0.67%
Construction
   
Ashoka Buildcon Limited
0.62% -
0.62%
H.G Infra Engineering Limited
0.45% -
0.45%
Larsen & Toubro Limited
0.42% -
0.42%
Auto Components
   
Schaeffler India Limited
0.43% -
0.43%
Tube Investment of India Limited
0.20% -
0.20%
Varroc Engineering Limited
0.07% -
0.07%
Balkrishna Industries Limited
0.74% 0.74%
-
Ferrous Metals
   
Tata Steel Limited
1.09% 0.73%
0.36%
JSW Steel Limited
0.24% -
0.24%
Power
Power Grid Corporation of India Limited
0.75%
-
0.75%
NTPC Limited
0.57%
-
0.57%
Oil
➧ Oil India Limited
1.12%
-
1.12%
Telecom - Services
   
Bharti Airtel Limited
1.05% -
1.05%
Insurance
   
HDFC Life Insurance Company Limited
0.91% -
0.91%
Name Of Instrument
% to Net
Assets
% to Net
Assets
(hedged)
% to Net
Assets
(unhedged)

 

Retailing
   
Avenue Supermarts Limited
0.84% -
0.84%
Personal Products
   
Dabur India Limited
0.74% -
0.74%
Transport Services
   
Blue Dart Express Limited
0.74% -
0.74%
Entertainment
   
Zee Entertainment Enterprises Limited
0.73% 0.50%
0.23%
Gas
   
Gujarat Gas Limited
0.38% -
0.38%
GAIL India Limited
0.31% -
0.31%
Healthcare Equipment & Supplies
   
Tarsons Products Limited
0.63% -
0.63%
Industrial Products
   
APL Apollo Tubes Limited
0.59% -
0.59%
Electrical Equipment
   
Siemens Limited
0.55% -
0.55%
Non - Ferrous Metals
   
Hindalco Industries Limited
0.50% 0.11%
0.39%
Agricultural Commercial & Construction Vehicles
   
Ashok Leyland Limited
0.37% -
0.37%
Paper Forest & Jute Products
   
West Coast Paper Mills Limited
0.32% -
0.32%
Agricultural Food & other Products
   
Balrampur Chini Mills Limited
0.30% -
0.30%
Textiles & Apparels
   
Vardhman Textiles Limited
0.18% -
0.18%
Diversified Metals
   
Vedanta Limited
 ^   ^   ^
Total
66.36% 20.53% 45.81%

Name of Instrument
Rating
% to Net Assets
 
DEBT INSTRUMENTS
Fixed Rates Bonds-Corporate
Listed / Awaiting listing on Stock Exchanges
Export Import Bank of India  CRISIL AAA
1.45%
Indian Railway Finance Corporation Limited  CRISIL AAA
1.39%
National Bank for Agriculture & Rural Development  CRISIL AAA
0.84%
Total  
3.68%
Central Government Securities
 
05.22% GOI 15-06-2025
SOVEREIGN
10.19%
06.18% GOI 04-11-2024
SOVEREIGN
9.29%
05.15% GOI 09-11-2025
SOVEREIGN
3.80%
05.63% GOI 12-04-2026
SOVEREIGN
2.57%
Total
25.85%
MONEY MARKET INSTRUMENT
 
Certificate of Deposit
 
HDFC Bank Limited
CARE A1+
2.64%
Total  
2.64%
OTHERS  
(a) Margin as Cash Margin  
0.09%
(b) Tri Party Repo Dealing System (TREPS)  
2.55%
(c) Net Receivables/(Payables)  
-1.17%
Net Assets
100.00%
Total number of holdings
80
➧ Indicates top ten instruments
All corporate ratings are assigned by rating agencies like CRISIL; CARE; ICRA; IND.
Total outstanding position (as at June, 2022) in Derivative Instruments (Gross Notional) 38,532.15 lakhs
Total percentage of existing assets hedged through futures is 20.53%
`
 

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.
For investments in equity and equity related instruments in the Fund was co-managed by Mr. Venugopal Manghat till July 1, 2021.

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