L&T BALANCED ADVANTAGE FUND^

Data as on May 31, 2022

 
 
 

L&T BALANCED ADVANTAGE FUND^

Data as on May 31, 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
4.8280 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
1,936.41 (Rs In Crs)
Monthly Average AUM
1,932.40 (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
1.94%                   -   1.94%
➧ HDFC Bank Limited
1.67%                   -   1.67%
State Bank of India
3.83% 2.93% 0.90%
Kotak Mahindra Bank Limited
0.66%                   -   0.66%
Canara Bank
0.47%                   -   0.47%
Indian Bank
0.40%                   -   0.40%
Axis Bank Limited
1.42% 1.13% 0.29%
IndusInd Bank Limited
0.05% 0.05%                     -  
Pharmaceuticals & Biotechnology
     
Cipla Limited
0.84%                   -   0.84%
Abbott India Limited
0.83%                   -   0.83%
Sun Pharmaceutical Industries Limited
2.84% 2.13% 0.71%
Alkem Laboratories Limited
0.67%                   -   0.67%
Dr. Reddy's Laboratories Limited
0.35%                   -   0.35%
Biocon Limited
0.28%                   -   0.28%
Divi's Laboratories Limited
0.23%                   -   0.23%
Aurobindo Pharma Limited
0.88% 0.88%                     -  
Glenmark Pharmaceuticals Limited
0.03% 0.03%                     -  
Zydus Lifescences Limited
0.01% 0.01%                     -  
Finance
     
➧ CRISIL Limited
1.65%                   -   1.65%
Housing Development Finance Corporation Limited
1.13% 0.25% 0.88%
Bajaj Holdings & Investment Limited
0.81%                   -   0.81%
Manappuram Finance Limited
0.29%                   -   0.29%
Can Fin Homes Limited
0.21%                   -   0.21%
Bajaj Finance Limited
0.77% 0.77%                     -  
IDFC Limited
0.00%                   -                       -  
IT - Software
     
➧ Infosys Limited
1.71%                   -   1.71%
➧ Tata Consultancy Services Limited
1.66%                   -   1.66%
MphasiS Limited
0.77%                   -   0.77%
HCL Technologies Limited
0.56%                   -   0.56%
Tech Mahindra Limited
0.02% 0.02%                     -  
Automobiles
     
➧ Tata Motors Limited
1.21%                   -   1.21%
Maruti Suzuki India Limited
1.21% 0.45% 0.76%
Hero MotoCorp Limited
1.45% 0.87% 0.58%
Mahindra & Mahindra Limited
0.46%                   -   0.46%
Petroleum Products
     
➧ Reliance Industries Limited
3.80% 0.87% 2.93%
Hindustan Petroleum Corporation Limited
0.36%                   -   0.36%
Bharat Petroleum Corporation Limited
0.09% 0.09%                     -  
Cement & Cement Products
     
➧ Shree Cements Limited
1.21%                   -   1.21%
UltraTech Cement Limited
1.76% 1.33% 0.43%
Realty
     
Sunteck Realty Limited
0.69%                   -   0.69%
DLF Limited
2.26% 2.26%                     -  
Beverages
     
Varun Beverages Limited
0.75%                   -   0.75%
United Spirits Limited
1.59% 1.59%                     -  
Diversified FMCG
     
ITC Limited
1.23% 0.44% 0.79%
Hindustan Unilever Limited
0.80% 0.23% 0.57%
Fertilizers & Agrochemicals
     
UPL Limited
1.19% 1.19%                     -  
PI Industries Limited
0.75% 0.75%                     -  
Food Products
     
Zydus Wellness Limited
0.93%                   -   0.93%
Heritage Foods Limited
0.73%                   -   0.73%
Ferrous Metals
     
Tata Steel Limited
1.39% 0.96% 0.43%
JSW Steel Limited
0.23%                   -   0.23%
Construction
     
Ashoka Buildcon Limited
0.67%                   -   0.67%
H.G Infra Engineering Limited
0.47%                   -   0.47%
Larsen & Toubro Limited
0.43%                   -   0.43%
Auto Components
     
Schaeffler India Limited
0.42%                   -   0.42%
Tube Investment of India Limited
0.17%                   -   0.17%
Varroc Engineering Limited
0.08%                   -   0.08%
Balkrishna Industries Limited
0.78% 0.78%                     -  
Power
     
Name Of Instrument
% to Net
Assets
% to Net
Assets
(hedged)
% to Net
Assets
(unhedged)

 

Power Grid Corporation of India Limited
0.80%                   -   0.80%
NTPC Limited
0.61%                   -   0.61%
Telecom - Services
     
➧ Bharti Airtel Limited
1.04%                   -   1.04%
Oil
     
➧ Oil India Limited
1.03%                   -   1.03%
Insurance
     
HDFC Life Insurance Company Limited
0.96%                   -   0.96%
Retailing
     
Avenue Supermarts Limited
0.95%                   -   0.95%
Entertainment
     
Zee Entertainment Enterprises Limited
0.84% 0.57% 0.27%
Gas
     
Gujarat Gas Limited
0.49%                   -   0.49%
GAIL India Limited
0.33%                   -   0.33%
Personal Products
     
Dabur India Limited
0.75%                   -   0.75%
Transport Services
     
Blue Dart Express Limited
0.69%                   -   0.69%
Industrial Products
     
APL Apollo Tubes Limited
0.63%                   -   0.63%
Healthcare Equipment & Supplies
     
Tarsons Products Limited
0.62%                   -   0.62%
Non - Ferrous Metals
     
Hindalco Industries Limited
0.61% 0.13% 0.48%
Electrical Equipment
     
Siemens Limited
0.55%                   -   0.55%
Siemens Limited
0.44%                               -   0.44%
Agricultural Commercial & Construction Vehicles
     
Ashok Leyland Limited
0.34%                   -   0.34%
Agricultural Food & other Products
     
Balrampur Chini Mills Limited
0.32%                   -   0.32%
Paper Forest & Jute Products
     
West Coast Paper Mills Limited
0.31%                   -   0.31%
Textiles & Apparels
     
Vardhman Textiles Limited
0.19%                   -   0.19%
Diversified Metals
     
Vedanta Limited
                   -                     -                       -  
Consumer Durables
     
Titan Company Limited
                   -                     -                       -  
Total
66.15% 20.71% 45.44%

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
1.40%
National Highways Authority of India 
CRISIL AAA
1.38%
Indian Railway Finance Corporation Limited 
CRISIL AAA
1.35%
National Bank for Agriculture & Rural Development 
CRISIL AAA
0.82%
Total
4.95%
Central Government Securities
 
05.22% GOI 15-06-2025
SOVEREIGN
10.10%
06.18% GOI 04-11-2024
SOVEREIGN
8.99%
05.15% GOI 09-11-2025
SOVEREIGN
3.67%
05.63% GOI 12-04-2026
SOVEREIGN
2.48%
Total
25.24%
MONEY MARKET INSTRUMENT
 
Certificate of Deposit
 
HDFC Bank Limited
CARE A1+
2.55%
Total  
2.55%
OTHERS  
(a) Margin as Cash Margin  
0.14%
(b) Tri Party Repo Dealing System (TREPS)  
2.69%
(c) Net Receivables/(Payables)  
-1.72%
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 May, 2022) in Derivative Instruments (Gross Notional) 40,077.75 lakhs
Total percentage of existing assets hedged through futures is 20.71%
`
 

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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