L&T Arbitrage Opportunities Fund

Data as on October 31, 2019

 
 
 

L&T Arbitrage Opportunities Fund

Data as on October 31, 2019

 
 

Fund Details

NAV of Plans/Options
(as on October 31, 2019)

Rs
Monthly Dividend - Regular Plan
10.223
Quarterly Dividend - Regular Plan
10.681
Growth - Regular Plan
14.077
Monthly Dividend - Direct Plan
10.413
Quarterly Dividend - Direct Plan
10.875
Growth - Direct Plan
14.533
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 : 16.8420
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) 802.93
Month end AUM(Rs In Crs) 801.20
   
Portfolio Allocation
Name Of Instrument % to Net
Assets
% to Net
Assets
(hedged)

 

Equity & Equity related
Listed/Awaiting listing on Stock Exchange
Finance
Bajaj Finserv Limited
3.53%
3.53%
Housing Development Finance Corporation Limited
3.22%
3.22%
Bajaj Finance Limited
1.90%
1.90%
Ujjivan Financial Services Limited
0.81%
0.81%
Mahindra & Mahindra Financial Services Limited
0.80%
0.80%
Muthoot Finance Limited
0.76%
0.76%
Power Finance Corporation Limited
0.35%
0.35%
LIC Housing Finance Limited
0.11%
0.11%
Shriram Transport Finance Company Limited
0.10%
0.10%
Rec Limited
0.03%
0.03%
Equitas Holdings Limited
0.02%
0.02%
Banks
HDFC Bank Limited
1.65%
1.65%
The Federal BankĀ  Limited
1.38%
1.38%
Axis Bank Limited
1.27%
1.27%
IndusInd Bank Limited
1.06%
1.06%
Bank of Baroda
0.87%
0.87%
Union Bank of India
0.59%
0.59%
Punjab National Bank
0.21%
0.21%
State Bank of India
0.14%
0.14%
ICICI Bank Limited
0.08%
0.08%
Yes Bank Limited
0.00%
0.00%
Consumer Non Durables
ITC Limited
2.89%
2.89%
Asian Paints Limited
0.94%
0.94%
United Breweries Limited
0.93%
0.93%
Hindustan Unilever Limited
0.44%
0.44%
Tata Global Beverages Limited
0.37%
0.37%
Nestle India Limited
0.32%
0.32%
Dabur India Limited
0.28%
0.28%
United Spirits Limited
0.27%
0.27%
Colgate Palmolive (India) Limited
0.09%
0.09%
Cement
UltraTech Cement Limited
2.27%
2.27%
Grasim Industries Limited
1.98%
1.98%
Ambuja Cements Limited
1.19%
1.19%
Shree Cements Limited
0.47%
0.47%
ACC Limited
0.19%
0.19%
Century Textiles & Industries Limited
0.02%
0.02%
Power
Tata Power Company Limited
3.34%
3.34%
Power Grid Corporation of India Limited
1.05%
1.05%
NTPC Limited
0.19%
0.19%
CESC Limited
0.04%
0.04%
Trading
Adani Enterprises Limited
4.41%
4.41%
Software
Infosys Limited
3.09%
3.09%
Tech Mahindra Limited
0.65%
0.65%
Wipro Limited
0.12%
0.12%
MindTree Limited
0.01%
0.01%
Pharmaceuticals
Aurobindo Pharma Limited
2.03%
2.03%
Cipla Limited
1.24%
1.24%
Lupin Limited
0.38%
0.38%
Sun Pharmaceutical Industries Limited
0.15%
0.15%
Cadila Healthcare Limited
0.01%
0.01%
Petroleum Products
Reliance Industries Limited
2.52%
2.52%
Hindustan Petroleum Corporation Limited
0.93%
0.93%
Indian Oil Corporation Limited
0.09%
0.09%
Bharat Petroleum Corporation Limited
0.04%
0.04%
Transportation
Container Corporation of India Limited
1.78%
1.78%
Adani Ports and Special Economic Zone Limited
1.41%
1.41%
InterGlobe Aviation Limited
0.15%
0.15%
Auto
Hero MotoCorp Limited
1.40%
1.40%
Tata Motors Limited - DVR
0.65%
0.65%
Escorts Limited
0.23%
0.23%
Ashok Leyland Limited
0.11%
0.11%
Mahindra & Mahindra Limited
0.11%
0.11%
Eicher Motors Limited
0.07%
0.07%
Name Of Instrument % to Net
Assets
% to Net
Assets
(hedged)

 

Bajaj Auto Limited
0.05%
0.05%
Gas
GAIL India Limited
2.19%
2.19%
Petronet LNG Limited
0.01%
0.01%
Auto Ancillaries
Exide Industries Limited
1.12%
1.12%
Bosch Limited
0.06%
0.06%
Motherson Sumi Systems Limited
0.01%
0.01%
Chemicals
Pidilite Industries Limited
1.12%
1.12%
Ferrous Metals
Jindal Steel & Power Limited
0.89%
0.89%
JSW Steel Limited
0.06%
0.06%
Tata Steel Limited
0.02%
0.02%
Pesticides
UPL Limited
0.85%
0.85%
Construction Project
Larsen & Toubro Limited
0.54%
0.54%
NCC Limited
0.03%
0.03%
Consumer Durables
Havells India Limited
0.50%
0.50%
Healthcare Services
Apollo Hospitals Enterprise Limited
0.44%
0.44%
Telecom - Services
Bharti Airtel Limited
0.38%
0.38%
Industrial Capital Goods
Bharat Heavy Electricals Limited
0.34%
0.34%
Bharat Electronics Limited
0.01%
0.01%
Media & Entertainment
PVR Limited
0.20%
0.20%
Zee Entertainment Enterprises Limited
0.09%
0.09%
Textile Products
SRF Limited
0.23%
0.23%
Minerals/Mining
NMDC Limited
0.17%
0.17%
Non - Ferrous Metals
Hindalco Industries Limited
0.09%
0.09%
Vedanta Limited
0.02%
0.02%
Construction
DLF Limited
0.03%
0.03%
NBCC (India) Limited
0.02%
0.02%
Industrial Products
Cummins India Limited
0.04%
0.04%
Oil
Oil India Limited
0.01%
0.01%
Total
67.25%
67.25%
Name of Instrument Rating/
Industry
% to Net
Assets
MONEY MARKET INSTRUMENT
Certificate of Deposit/Commercial Paper
Axis Bank Limited
CRISIL A1+
3.11%
Axis Bank Limited
CRISIL A1+
3.09%
Total
 
6.20%
OTHERS
 
 
Deposits (placed as margins)
(a) Fixed Deposits
 
 
HDFC Bank Limited
 
17.44%
Total
 
17.44%
(b) Margin as Cash Margin
 
-0.01%
(c) Tri Party Repo Dealing System (TREPS)
3.47%
(d) Net Receivables/(Payables)
5.65%
Net Assets
 
100.00%
Total number of holdings 91
All corporate ratings are assigned by rating agencies like CRISIL; CARE;
ICRA; IND..
Total outstanding position (as at Oct, 2019) in Derivative Instruments
(Gross Notional) 54,029.27 lakhs 
Total percentage of existing assets hedged through futures is 67.25%
 

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'