Fund Features

Scheme Classification

An open-ended equity scheme.

Objective

To seek to generate long-term capital appreciation from a portfolio of predominantly equity and equity related securities, including equity derivatives, in the Indian market with focus on riding business cycles through dynamic allocation between various sectors and stocks at different stages of business cycles in the economy.

Inception date

August 20, 2014

Fund Managers

Mr. Venugopal Manghat
Mr. Karan Desai (for investments in Foreign Securities)

Benchmark index

S&P BSE 200 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)

2.19%  (As on 31st May 2019)

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Annual Recurring Expenses (Direct Plan)

1.36%  (As on 31st May 2019)

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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

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% of applicable NAV

 

If units are redeemed or switched out on or after 1 year from the date of allotment: Nil

 

 

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 Business Cycles 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*(including Indian and foreign equity securities as permitted by SEBI/RBI^)

100% 80%
High

Debt and money market instruments

20% 0% Low to Medium

* Includes investments in equity derivatives up to 50% of the total assets of the Scheme.

Investment in Securitized debt, if undertaken, would not exceed 20% of the total assets of
the Scheme.

The cumulative gross exposure through equity, debt and derivative positions will not exceed 100% of the total assets of a Scheme.

^ The Scheme may invest in Foreign Securities upto 10% of its total 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.

Investments will be made in line with the asset allocation of the scheme and the applicable SEBI and / or AMFI guidelines as specified from time to time.

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Risk Factor

This product is suitable for investors who are seeking*

 

Long term capital appreciation and generation of reasonable returns

 Investment predominantly in equity and equity-related securities, including equity derivatives in Indian markets with focus on riding business cycles through dynamic allocation between various sectors and stocks at different stages of business cycles in the economy

*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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