L&T BUSINESS CYCLES FUND

Data as on March 31, 2021

 
 
 

L&T BUSINESS CYCLES FUND

Data as on March 31, 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
0.1814 times
Fund Manager
Mr. Venugopal Manghat(w.e.f. Aug 20, 2014)
& Mr. Vihang Naik (w.e.f. Dec 17, 2019)~
Benchmark
S&P BSE 200 TRI Index
Month end AUM
525.48 (Rs In Crs)
Monthly Average AUM
530.70(Rs In Crs)
Volatility Measures*
Standard Deviation 27.58%
R-Squared 0.88
Beta 1.16
Sharpe Ratio# 0.08
*Source: ICRA MFIE
#Risk free rate assumed to be 3.10% (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
➧ HDFC Bank Limited 8.08%
➧ ICICI Bank Limited 7.47%
State Bank of India 2.07%
Kotak Mahindra Bank Limited 1.91%
Cement & Cement Products
➧ UltraTech Cement Limited 5.32%
➧ The Ramco Cements Limited 3.06%
➧ Shree Cements Limited 2.75%
Birla Corporation Limited 1.78%
Industrial Products
➧ Timken India Limited 3.10%
AIA Engineering Limited 1.69%
Carborundum Universal Limited 1.41%
Finolex Cables Limited 1.18%
Schaeffler India Limited 1.11%
Chemicals
➧ Deepak Nitrite Limited 4.93%
Atul Limited 1.60%
Aarti Industries Limited 1.11%
Construction
KNR Constructions Limited 2.69%
Godrej Properties Limited 2.59%
Ahluwalia Contracts India Limited 1.50%
PNC Infratech Limited 0.62%
Ferrous Metals
➧ Ratnamani Metals & Tubes Limited 4.84%
Jindal Steel & Power Limited 2.55%
Petroleum Products
➧ Reliance Industries Limited 5.20%
Hindustan Petroleum Corporation Limited 0.67%
Auto
Mahindra & Mahindra Limited 2.56%
Maruti Suzuki India Limited 1.86%
Tata Motors Limited 0.71%
Hero MotoCorp Limited 0.63%
Name Of Instrument Rating/Industry % to Net
Assets
Consumer Durables
Kajaria Ceramics Limited 1.74%
Blue Star Limited 1.15%
Whirlpool of India Limited 1.13%
Titan Company Limited 0.96%
Johnson Controls - Hitachi Air Conditioning India Limited 0.71%
Industrial Capital Goods
ABB India Limited 1.74%
Indian Hume Pipe Company Limited 1.16%
Honeywell Automation India Limited 0.75%
Thermax Limited 0.72%
Abb Power Products And Systems India Limited 0.05%
Construction Project
➧ Larsen & Toubro Limited 3.35%
Retailing
Trent Limited 1.87%
Avenue Supermarts Limited 0.69%
Finance
Housing Development Finance Corporation Limited 2.10%
Pesticides
PI Industries Limited 1.06%
Bayer Cropscience Limited 0.67%
Auto Ancillaries
Sundram Fasteners Limited 1.46%
Transportation
Aegis Logistics Limited 1.26%
Fertilisers
Coromandel International Limited 1.10%
Leisure Services
EIH Limited 0.92%
Non - Ferrous Metals
Hindalco Industries Limited 0.19%
Total 99.77%
OTHERS
(a) Tri Party Repo Dealing System (TREPS)0.58%
(b) Net Receivables/(Payables)-0.35%
Net Assets100.00%
Total number of holdings 49
➧ Indicates top ten instruments

 


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

 

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