L&T Arbitrage Opportunities Fund

Data as on November 29, 2019

 
 
 

L&T Arbitrage Opportunities Fund

Data as on October 31, 2019

 
 

Fund Details

NAV of Plans/Options
(as on November 29, 2019)

Rs
Monthly Dividend - Regular Plan
10.210
Quarterly Dividend - Regular Plan
10.720
Growth - Regular Plan
14.129
Monthly Dividend - Direct Plan
10.406
Quarterly Dividend - Direct Plan
10.919
Growth - Direct Plan
14.592
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 : 16.8162
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 and Mr. Alok Ranjan(w.e.f. Oct 1, 2019 for investments in foreign securities) and Jalpan Shah (w.e.f January 24, 2019 for Debt Portion)
Benchmark Nifty 50 Arbitrage Index
Monthly Average AUM (Rs In Crs) 798.20
Month end AUM(Rs In Crs) 772.76
   
Portfolio Allocation
Name Of Instrument % to Net
Assets
% to Net
Assets
(hedged)

 

Equity & Equity related
Listed/Awaiting listing on Stock Exchange
Transportation
Adani Ports and Special Economic Zone Limited
6.65%
6.65%
Container Corporation of India Limited
3.76%
3.76%
InterGlobe Aviation Limited
0.12%
0.12%
Cement
Grasim Industries Limited
3.04%
3.04%
UltraTech Cement Limited
2.56%
2.56%
Shree Cements Limited
2.02%
2.02%
ACC Limited
1.64%
1.64%
Ambuja Cements Limited
0.03%
0.03%
The Ramco Cements Limited
0.02%
0.02%
Petroleum Products
Reliance Industries Limited
5.70%
5.70%
Hindustan Petroleum Corporation Limited
0.79%
0.79%
Castrol India Limited
0.45%
0.45%
Bharat Petroleum Corporation Limited
0.04%
0.04%
Finance
Bajaj Finance Limited
2.43%
2.43%
Ujjivan Financial Services Limited
1.35%
1.35%
Housing Development Finance Corporation Limited
1.04%
1.04%
Muthoot Finance Limited
0.75%
0.75%
Manappuram Finance Limited
0.43%
0.43%
Bajaj Finserv Limited
0.35%
0.35%
Equitas Holdings Limited
0.15%
0.15%
Mahindra & Mahindra Financial Services Limited
0.15%
0.15%
Max Financial Services Limited
0.13%
0.13%
LIC Housing Finance Limited
0.03%
0.03%
Shriram Transport Finance Company Limited
0.02%
0.02%
Software
Tata Consultancy Services Limited
2.75%
2.75%
HCL Technologies Limited
1.64%
1.64%
Infosys Limited
0.74%
0.74%
Wipro Limited
0.23%
0.23%
Hexaware Technologies Limited
0.01%
0.01%
Consumer Non Durables
ITC Limited
3.18%
3.18%
United Spirits Limited
0.73%
0.73%
Britannia Industries Limited
0.38%
0.38%
Godrej Consumer Products Limited
0.34%
0.34%
Asian Paints Limited
0.33%
0.33%
Hindustan Unilever Limited
0.11%
0.11%
Marico Limited
0.08%
0.08%
Power
Tata Power Company Limited
3.87%
3.87%
Torrent Power Limited
0.88%
0.88%
NTPC Limited
0.25%
0.25%
Power Grid Corporation of India Limited
0.09%
0.09%
Trading
Adani Enterprises Limited
4.17%
4.17%
Auto
Tata Motors Limited - DVR
1.63%
1.63%
Maruti Suzuki India Limited
1.24%
1.24%
Hero MotoCorp Limited
0.52%
0.52%
Bajaj Auto Limited
0.32%
0.32%
Tata Motors Limited
0.16%
0.16%
Mahindra & Mahindra Limited
0.13%
0.13%
Media & Entertainment
PVR Limited
2.59%
2.59%
Sun TV Network Limited
0.01%
0.01%
Gas
GAIL India Limited
1.98%
1.98%
Petronet LNG Limited
0.14%
0.14%
Mahanagar Gas Limited
0.06%
0.06%
Telecom - Services
Bharti Airtel Limited
1.67%
1.67%
Name Of Instrument % to Net
Assets
% to Net
Assets
(hedged)

 

Pharmaceuticals
Sun Pharmaceutical Industries Limited
0.77%
0.77%
Dr. Reddy's Laboratories Limited
0.36%
0.36%
Lupin Limited
0.19%
0.19%
Cadila Healthcare Limited
0.05%
0.05%
Divi's Laboratories Limited
0.02%
0.02%
Glenmark Pharmaceuticals Limited
 
 
Banks
Union Bank of India
0.41%
0.41%
The Federal Bank  Limited
0.19%
0.19%
Bank of Baroda
0.11%
0.11%
Axis Bank Limited
0.01%
0.01%
Ferrous Metals
Jindal Steel & Power Limited
0.39%
0.39%
Steel Authority of India Limited
0.18%
0.18%
Consumer Durables
Havells India Limited
0.40%
0.40%
Voltas Limited
0.08%
0.08%
Bata India Limited
0.07%
0.07%
Industrial Products
Cummins India Limited
0.51%
0.51%
Paper
Century Textiles & Industries Limited
0.47%
0.47%
Non - Ferrous Metals
Vedanta Limited
0.33%
0.33%
Hindalco Industries Limited
0.02%
0.02%
Chemicals
Pidilite Industries Limited
0.33%
0.33%
Industrial Capital Goods
Bharat Heavy Electricals Limited
0.27%
0.27%
Minerals/Mining
NMDC Limited
0.18%
0.18%
Construction Project
NCC Limited
0.07%
0.07%
Larsen & Toubro Limited
0.07%
0.07%
Construction
NBCC (India) Limited
0.14%
0.14%
Pesticides
UPL Limited
0.02%
0.02%
Oil
Oil India Limited
0.01%
0.01%
Textile Products
SRF Limited
0.01%
0.01%
 
Total
69.54%
69.54%
Name of Instrument Rating/
Industry
% to Net
Assets
MONEY MARKET INSTRUMENT
Certificate of Deposit/Commercial Paper
Axis Bank Limited
CRISIL A1+
3.23%
Axis Bank Limited
CRISIL A1+
3.21%
Total
 
6.44%
OTHERS
 
 
Deposits (placed as margins)
(a) Fixed Deposits
 
 
HDFC Bank Limited
 
16.96%
Total
 
16.96%
(b) Margin as Cash Margin
 
0.06%
(c) Tri Party Repo Dealing System (TREPS)
9.53%
(d) Net Receivables/(Payables)
-2.53%
Net Assets
 
100.00%
Total number of holdings 81
All corporate ratings are assigned by rating agencies like CRISIL; CARE;
ICRA; IND..
Total outstanding position (as at Nov, 2019) in Derivative Instruments (Gross Notional) 53,972.49 lakhs 
Total percentage of existing assets hedged through futures is 69.54%
^ indicates less than 0.01%
 

Past performance may or may not be sustained in the future. Returns greater than 1 year period are compounded annualized. Dividends are assumed to be reinvested and bonus is adjusted. Load is not taken in to consideration. For SIP returns, monthly investment of Rs 10000 invested on the 1st day of every month has been considered.
*B: Scheme Benchmark, AB: Additional Benchmark


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'