L&T Arbitrage Opportunities Fund

Data as on March 31, 2020

 
 
 

L&T Arbitrage Opportunities Fund

Data as on March 31, 2020

 
 

Fund Details

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

Rs
Monthly Dividend - Regular Plan
10.169
Quarterly Dividend - Regular Plan
10.640
Growth - Regular Plan
14.422
Monthly Dividend - Direct Plan
10.386
Quarterly Dividend - Direct Plan
10.862
Growth - Direct Plan
14.920
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 : 18.7895
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) 674.44
Month end AUM(Rs In Crs) 505.57
Portfolio Allocation
Name Of Instrument % to Net
Assets
% to Net
Assets
(hedged)

 

Equity & Equity related
Listed/Awaiting listing on Stock Exchange
Finance
Housing Development Finance Corporation Limited
6.69% 6.69%
Rec Limited
2.11% 2.11%
Muthoot Finance Limited
1.06% 1.06%
Bajaj Finserv Limited
0.61% 0.61%
Manappuram Finance Limited
0.58% 0.58%
HDFC Life Insurance Company Limited
0.53% 0.53%
ICICI Prudential Life Insurance Company Limited
0.27% 0.27%
Power Finance Corporation Limited
0.17% 0.17%
Mahindra & Mahindra Financial Services Limited
0.09% 0.09%
Shriram Transport Finance Company Limited
0.06% 0.06%
LIC Housing Finance Limited
0.05% 0.05%
Equitas Holdings Limited
0.02% 0.02%
Consumer Non Durables
Godrej Consumer Products Limited
3.02% 3.02%
Hindustan Unilever Limited
1.15% 1.15%
Dabur India Limited
0.82% 0.82%
Berger Paints India Limited
0.74% 0.74%
Britannia Industries Limited
0.47% 0.47%
Asian Paints Limited
0.14% 0.14%
United Spirits Limited
0.12% 0.12%
Marico Limited
0.04% 0.04%
ITC Limited
0.03% 0.03%
Banks
Axis Bank Limited
2.60% 2.60%
State Bank of India
2.11% 2.11%
ICICI Bank Limited
0.94% 0.94%
The Federal Bank Limited
0.13% 0.13%
Bandhan Bank Limited
0.01% 0.01%
Software
Tata Consultancy Services Limited
2.49% 2.49%
Tech Mahindra Limited
2.09% 2.09%
Infosys Limited
0.67% 0.67%
Info Edge (India) Limited
0.20% 0.20%
HCL Technologies Limited
0.18% 0.18%
Wipro Limited
0.14% 0.14%
Telecom - Services
Bharti Airtel Limited
5.68% 5.68%
Cement
Grasim Industries Limited
3.21% 3.21%
UltraTech Cement Limited
0.39% 0.39%
Auto
Maruti Suzuki India Limited
1.44% 1.44%
Mahindra & Mahindra Limited
0.89% 0.89%
Eicher Motors Limited
0.40% 0.40%
Tata Motors Limited
0.33% 0.33%
Hero MotoCorp Limited
0.13% 0.13%
Ashok Leyland Limited
0.06% 0.06%
Bajaj Auto Limited
0.02% 0.02%
Minerals/Mining
NMDC Limited
2.92% 2.92%
Coal India Limited
0.15% 0.15%
Transportation
Adani Ports and Special Economic Zone Limited
2.87% 2.87%
Container Corporation of India Limited
0.01% 0.01%
Pharmaceuticals
Sun Pharmaceutical Industries Limited
0.64% 0.64%
Dr. Reddy's Laboratories Limited
0.62% 0.62%
Torrent Pharmaceuticals Limited
0.47% 0.47%
Divi's Laboratories Limited
0.47% 0.47%
Lupin Limited
0.38% 0.38%
Glenmark Pharmaceuticals Limited
0.08% 0.08%
Cipla Limited
0.06% 0.06%
Power
NTPC Limited
2.21% 2.21%
Name Of Instrument % to Net
Assets
% to Net
Assets
(hedged)

 

Tata Power Company Limited
0.22% 0.22%
Power Grid Corporation of India Limited
0.06% 0.06%
CESC Limited
0.05% 0.05%
Non - Ferrous Metals
Hindalco Industries Limited
1.03% 1.03%
Vedanta Limited
0.84% 0.84%
National Aluminium Company Limited
0.53% 0.53%
Petroleum Products
Reliance Industries Limited
1.04% 1.04%
Bharat Petroleum Corporation Limited
0.32% 0.32%
Indian Oil Corporation Limited
0.25% 0.25%
Hindustan Petroleum Corporation Limited
0.17% 0.17%
Construction
DLF Limited
1.08% 1.08%
Auto Ancillaries
Motherson Sumi Systems Limited
0.69% 0.69%
Exide Industries Limited
0.20% 0.20%
Bosch Limited
0.11% 0.11%
MRF Limited
0.02% 0.02%
Media & Entertainment
Sun TV Network Limited
0.99% 0.99%
Industrial Products
Bharat Forge Limited
0.74% 0.74%
SRF Limited
0.21% 0.21%
Construction Project
NCC Limited
0.43% 0.43%
Larsen & Toubro Limited
0.39% 0.39%
Gas
Mahanagar Gas Limited
0.41% 0.41%
Petronet LNG Limited
0.21% 0.21%
Indraprastha Gas Limited
0.17% 0.17%
GAIL India Limited
0.02% 0.02%
Chemicals
Pidilite Industries Limited
0.75% 0.75%
Tata Chemicals Limited
0.05% 0.05%
Oil
Oil India Limited
0.64% 0.64%
Oil & Natural Gas Corporation Limited
0.04% 0.04%
Pesticides
UPL Limited
0.46% 0.46%
Telecom - Equipment & Accessories
Bharti Infratel Limited
0.46% 0.46%
Industrial Capital Goods
Siemens Limited
0.31% 0.31%
Bharat Electronics Limited
0.11% 0.11%
Healthcare Services
Apollo Hospitals Enterprise Limited
0.39% 0.39%
Trading
Adani Enterprises Limited
0.10% 0.10%
Paper
Century Textiles & Industries Limited
0.01% 0.01%
Total
67.26%
67.26%
Name of Instrument
Rating/
Industry
% to Net
Assets
MONEY MARKET INSTRUMENT
Commercial Paper
Listed / Awaiting listing on Stock Exchanges
JSW Steel Limited
CARE A1+ 2.97%
Total
 
2.97%
OTHERS
 
 
Deposits (placed as margins)
(a) Fixed Deposits
 
 
ICICI Bank Limited
 
15.84%
HDFC Bank Limited
 
11.98%
Total
 
27.82%
(b) Margin as Cash Margin
-2.22%
(c) Tri Party Repo Dealing System (TREPS)
11.74%
(d) Net Receivables/(Payables)
-7.57%
Net Assets
 
100.00%
Total number of holdings 89
All corporate ratings are assigned by rating agencies like CRISIL; CARE; ICRA; IND,BWR.
Total outstanding position (as at Mar 2020) in Derivative Instruments (Gross Notional) 34,087.12 lakhs
Total percentage of existing assets hedged through futures is 67.26%
 

~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'