L&T ARBITRAGE OPPORTUNITIES FUND

Data as on March 31, 2021

 
 
 

L&T ARBITRAGE OPPORTUNITIES FUND

Data as on March 31, 2021

 
 

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. There is no assurance that the investment objective of the scheme will be realized.




Date of Inception
Regular Plan June 30, 2014
Direct Plan June 30, 2014
Portfolio Turnover
17.3569 times
Fund Manager
Mr. Venugopal Manghat (w.e.f June 30, 2014) & Mr. Praveen Ayathan (w.e.f June 30, 2014) for equity portion, Mr. Jalpan Shah (w.e.f January 24, 2019) for Debt Portion~
Benchmark
Nifty 50 Arbitrage Index
Month end AUM
3,494.07 (Rs In Crs)
Monthly Average AUM
3,472.12 (Rs In Crs)
Options
•Growth
•IDCW Option
1. Monthly IDCW (Payout and Re-investment)
2. Quarterly IDCW (Payout and Re-investment)

Name Of Instrument
% to Net Assets
% to Net
Assets
(hedged)

 

Equity & Equity related
Listed/Awaiting listing on Stock Exchange
Banks
➧ ICICI Bank Limited
4.65% 4.65%
➧ State Bank of India
2.39% 2.39%
Canara Bank
0.68% 0.68%
Bank of Baroda
0.41% 0.41%
City Union Bank Limited
0.22% 0.22%
Axis Bank Limited
0.16% 0.16%
IndusInd Bank Limited
0.12% 0.12%
Bandhan Bank Limited
0.07% 0.07%
Kotak Mahindra Bank Limited
0.03% 0.03%
The Federal Bank Limited
0.01% 0.01%
Consumer Non Durables
➧ ITC Limited
4.43% 4.43%
United Spirits Limited
0.73% 0.73%
Asian Paints Limited
0.52% 0.52%
Britannia Industries Limited
0.43% 0.43%
Godrej Consumer Products Limited
0.34% 0.34%
Colgate Palmolive (India) Limited
0.32% 0.32%
Nestle India Limited
0.28% 0.28%
Marico Limited
0.21% 0.21%
Dabur India Limited
0.06% 0.06%
Berger Paints India Limited
0.04% 0.04%
Hindustan Unilever Limited
0.01% 0.01%
Transportation
➧ Adani Ports and Special Economic Zone Limited
5.51% 5.51%
Indian Railway Catering & Tourism Corp Limited
0.80% 0.80%
Container Corporation of India Limited
0.08% 0.08%
Finance
➧ Housing Development Finance Corporation Limited
4.01% 4.01%
Piramal Enterprises Limited
0.87% 0.87%
Manappuram Finance Limited
0.30% 0.30%
Shriram Transport Finance Company Limited
0.26% 0.26%
Power Finance Corporation Limited
0.24% 0.24%
Rec Limited
0.22% 0.22%
Bajaj Finance Limited
0.04% 0.04%
Petroleum Products
➧ Bharat Petroleum Corporation Limited
2.74% 2.74%
Indian Oil Corporation Limited
1.39% 1.39%
Reliance Industries Limited
0.90% 0.90%
Hindustan Petroleum Corporation Limited
0.49% 0.49%
Telecom - Services
➧ Bharti Airtel Limited
5.45% 5.45%
Pharmaceuticals
➧ Sun Pharmaceutical Industries Limited
1.68% 1.68%
Dr. Reddy's Laboratories Limited
0.74% 0.74%
Divi's Laboratories Limited
0.52% 0.52%
Granules India Limited
0.34% 0.34%
Torrent Pharmaceuticals Limited
0.22% 0.22%
Cadila Healthcare Limited
0.21% 0.21%
Lupin Limited
0.18% 0.18%
Aurobindo Pharma Limited
0.04% 0.04%
Glenmark Pharmaceuticals Limited
0.04% 0.04%
Pfizer Limited
0.04% 0.04%
Alembic Pharmaceuticals Limited
0.03% 0.03%
Alkem Laboratories Limited
0.03% 0.03%
Ferrous Metals
➧ Tata Steel Limited
1.79% 1.79%
Jindal Steel & Power Limited
1.02% 1.02%
Steel Authority of India Limited
0.80% 0.80%
JSW Steel Limited
0.08% 0.08%
Power
➧ Tata Power Company Limited
1.74% 1.74%
NTPC Limited
1.11% 1.11%
Power Grid Corporation of India Limited
0.40% 0.40%
Non - Ferrous Metals
Vedanta Limited
1.26% 1.26%
National Aluminium Company Limited
0.73% 0.73%
Hindalco Industries Limited
0.20% 0.20%
Software
Infosys Limited
0.97% 0.97%
Tata Consultancy Services Limited
0.53% 0.53%
Larsen & Toubro Infotech Limited
0.27% 0.27%
Tech Mahindra Limited
0.13% 0.13%
HCL Technologies Limited
0.06% 0.06%
Coforge Limited
0.02% 0.02%
Wipro Limited
0.02% 0.02%
MindTree Limited
0.01% 0.01%
MphasiS Limited
 ^  ^
Chemicals
Tata Chemicals Limited
1.01% 1.01%
SRF Limited
0.34% 0.34%
Deepak Nitrite Limited
0.10% 0.10%
Pidilite Industries Limited
0.04% 0.04%
Navin Fluorine International Limited
0.02% 0.02%
Aarti Industries Limited
 ^  ^
Entertainment
Zee Entertainment Enterprises Limited
0.83% 0.83%
Sun TV Network Limited
0.57% 0.57%
Cement & Cement Products
ACC Limited
0.61% 0.61%
Grasim Industries Limited
0.43% 0.43%
The Ramco Cements Limited
0.20% 0.20%
Ambuja Cements Limited
0.08% 0.08%
UltraTech Cement Limited
0.07% 0.07%
Name Of Instrument
% to Net
Assets
% to Net
Assets
(hedged)

 

Insurance
Bajaj Finserv Limited
0.78% 0.78%
ICICI Prudential Life Insurance Company Limited
0.18% 0.18%
Max Financial Services Limited
0.07% 0.07%
SBI Life Insurance Company Limited
0.03% 0.03%
ICICI Lombard General Insurance Company Limited
0.02% 0.02%
Minerals/Mining
NMDC Limited
0.85% 0.85%
Coal India Limited
0.22% 0.22%
Pesticides
UPL Limited
0.92% 0.92%
PI Industries Limited
0.07% 0.07%
Gas
Petronet LNG Limited
0.38% 0.38%
GAIL India Limited
0.18% 0.18%
Indraprastha Gas Limited
0.11% 0.11%
Gujarat Gas Limited
0.03% 0.03%
Auto
Maruti Suzuki India Limited
0.20% 0.20%
Bajaj Auto Limited
0.17% 0.17%
Tata Motors Limited
0.10% 0.10%
Ashok Leyland Limited
0.05% 0.05%
Eicher Motors Limited
0.03% 0.03%
Escorts Limited
0.02% 0.02%
Mahindra & Mahindra Limited
 ^  ^
Consumer Durables
Bata India Limited
0.27% 0.27%
Havells India Limited
0.17% 0.17%
Voltas Limited
0.10% 0.10%
Titan Company Limited
0.01% 0.01%
Aerospace & Defense
Bharat Electronics Limited
0.46% 0.46%
Auto Ancillaries
Motherson Sumi Systems Limited
0.19% 0.19%
MRF Limited
0.10% 0.10%
Balkrishna Industries Limited
0.08% 0.08%
Amara Raja Batteries Limited
0.03% 0.03%
Apollo Tyres Limited
0.03% 0.03%
Retailing
Info Edge (India) Limited
0.32% 0.32%
Trent Limited
0.08% 0.08%
Industrial Capital Goods
Bharat Heavy Electricals Limited
0.30% 0.30%
Siemens Limited
0.03% 0.03%
Engineering Services
L&T Technology Services Limited
0.26% 0.26%
Healthcare Services
Apollo Hospitals Enterprise Limited
0.20% 0.20%
Construction Project
Larsen & Toubro Limited
0.14% 0.14%
Construction
DLF Limited
0.10% 0.10%
Capital Markets
HDFC Asset Management Company Limited
0.04% 0.04%
Textile Products
Page Industries Limited
0.03% 0.03%
Industrial Products
Bharat Forge Limited
0.03% 0.03%
Telecom - Equipment & Accessories
Indus Towers Limited
0.02% 0.02%
Oil
Oil & Natural Gas Corporation Limited
 ^  ^
Total
66.32%
66.32%
MONEY MARKET INSTRUMENT
 
 
Certificate of Deposit/Commercial Paper
 
 
National Bank for Agriculture & Rural Development 
ICRA A1+ 1.39%
National Bank for Agriculture & Rural Development
IND A1+ 0.71%
Axis Bank Limited
CRISIL A1+ 0.70%
Housing Development Finance Corporation Limited 
ICRA A1+ 0.70%
Total
 
3.50%
CENTRAL GOVERNMENT SECURITIES
 
 
08.20% GOI 15-FEB-2022
SOVEREIGN 0.75%
06.84% GOI 19-DEC-2022
SOVEREIGN 0.15%
Total
 
0.90%
Treasury Bill
 
 
364 DAYS T-BILL 12-AUG-2021
SOVEREIGN 1.41%
364 DAYS T-BILL 03-FEB-2022
SOVEREIGN 1.39%
364 DAYS T-BILL 09-SEP-2021
SOVEREIGN 1.27%
364 DAYS T-BILL 20-JAN-22
SOVEREIGN 0.69%
364 DAYS T-BILL 13-JAN-2022
SOVEREIGN 0.56%
Total
 
5.32%
Investment Funds/Mutual Funds
 
 
L&T Liquid Fund - Direct Plan - Growth
Unrated 15.41%
Total
 
15.41%
OTHERS
 
 
Deposits (placed as margins)
(a) Fixed Deposits
 
 
HDFC Bank Limited
  3.24%
Federal Bank Limited
  0.15%
Total
 
3.39%
(b) Margin as Cash Margin
0.10%
(c) Tri Party Repo Dealing System (TREPS)
3.17%
(d) Net Receivables/(Payables)
1.89%
Net Assets
 
100.00%
Total number of holdings 123

➧ Indicates top ten instruments
^ Indicates less than 0.01%
All corporate ratings are assigned by rating agencies like CRISIL; CARE; ICRA; IND,BWR.
Total outstanding position (as at Mar 2021) in Derivative Instruments (Gross Notional) 232,855.94 lakhs
Total percentage of existing assets hedged through futures is 66.32%

 

~For investments in foreign securities - Mr. Alok Ranjan (w.e.f Oct 1, 2019)
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'

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