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L&T Arbitrage Opportunities Fund

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Fund Features

Scheme Classification

An open ended scheme investing in arbitrage opportunities

 

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. 

Inception date

June 30, 2014

Fund Managers

Venugopal Manghat, Praveen Ayathan and Karan Desai (for investments in Foreign Securities)

Benchmark index

Nifty 50 Arbitrage TRI Index

SIP availability

Yes. (For more information on SIP, please refer to the section on "Facilities Offered to Investors under the Scheme" in the SID)

Annual Recurring Expenses (Regular Plan)

0.90% ( As on 30th June 2019)

Click here to view daily TER

 

Annual Recurring Expenses (Direct Plan)

0.40% ( As on 30th June 2019)

Click here to view daily TER

 

Note:

The above ratio includes 5 bps of additional expenses.

 

Apart from the above-mentioned expenses, additional expenses of up to 0.30% of daily net assets of the scheme, in compliance with the conditions prescribed and GST on investment management fees are also being charged.

Entry Load

NIL

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



A switch-out or a withdrawal under SWP may also attract an Exit Load like any Redemption. 



No Exit Load will be chargeable in case of switches made between different options of the Scheme. 



No Exit Load will be chargeable in case of (i) Units allotted on account of dividend re-investments; and (ii) Units issued by way of bonus, if any.

Minimum Initial Application Amount

Rs. 5,000 per application and in multiples of Re. 1 thereafter

Minimum Additional Application Amount

Rs. 1,000 per application and in multiples of Re. 1 thereafter

Minimum Amount/Number of Units for Redemption

Rs 500 or 50 units or account balance, whichever is lower

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NAV

L&T Arbitrage Opportunities Fund
Regular, Growth
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Asset Allocation

Asset Allocation is represented as:
Instruments
Indicative Allocation (% of net assets) Risk Profile
Maximum Minimum

Equity and equity related securities and equity derivatives^

90%
65%
Medium to High

Debt and money market instruments including units of liquid schemes launched by mutual fund

35% 10% Low

^ The Scheme may invest in Foreign Securities upto 10% of its net assets subject to the Eligible Investment Amount. Investment in Foreign Securities shall be subject to the investment restrictions specified by SEBI/RBI from time to time.

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Risk Factor

This product is suitable for investors who are seeking*

 

Generation of reasonable returns over short to medium term 

Investment predominantly in arbitrage opportunities in the cash and derivatives segments of the equity markets; and debt and money market instruments

*Investors should consult their financial advisers if in doubt about whether the product is suitable for them.

 

Mutual Fund investments are subject to market risks, read all scheme related documents carefully.

 

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