L&T Business Cycles Fund

Data as on April 30, 2018


L&T Business Cycles Fund

Data as on April 30, 2018


Fund Details

NAV of Plans/Options
(as on April 30, 2018

Rs
Dividend Option - Regular Plan16.070
Growth Option - Regular Plan17.176
Dividend Option - Direct Plan16.482
Growth Option - Direct Plan 17.594
Volatility Measures*:
Standard Deviation 16.75%
R-Squared0.88
Beta 1.14
Sharpe Ratio# 0.41
*Source: ICRA MFIE
#Risk free rate assumed to be 6.05%
(based on 3-months Mibor NSE rate during last 3 months)
Date of Inception :
Regular PlanAugust 20, 2014
Direct PlanAugust 20, 2014
Expense Ratio+ :2.24% (Regular)
1.74% (Direct)
Portfolio Turnover :0.2603
Options Growth, Dividend . The Dividend option offers Payout or Reinvestment facilities.
Minimum Application size
(Initial)
Rs 5,000 per application and in multiples of Rs 1 thereafter
Additional InvestmentRs1,000 per application and in multiples of Rs 1 thereafter
Minimum Redemption SizeRs 500 or 50 units
Fund ManagerMr. Venugopal Manghat and Mr. Karan Desai (w.e.f. Feb 3, 2017) (for investments in foreign securities)
BenchmarkS&P BSE 200 TRI
Monthly Average AUM (Rs In Crs)1,015.26
Month end AUM(Rs In Crs)1,032.29

Portfolio Allocation
Name Of Instrument Rating/Industry % to Net
Assets

Equity & Equity related
(Listed/Awaiting listing on Stock Exchange)
 
Banks
HDFC Bank Limited 5.28%
Kotak Mahindra Bank Limited 2.82%
IndusInd Bank Limited 2.82%
The Federal Bank Limited 1.64%
ICICI Bank Limited 0.93%
State Bank of India 0.67%
Vijaya Bank 0.45%
Construction Project
Larsen & Toubro Limited 3.75%
Engineers India Limited 2.54%
Ashoka Buildcon Limited 2.21%
Indian Hume Pipe Company Limited 2.11%
Sadbhav Engineering Limited 1.85%
Industrial Products
Bharat Forge Limited 3.36%
Finolex Cables Limited 3.17%
Timken India Limited 1.91%
Schaeffler India Limited 1.11%
AIA Engineering Limited 1.08%
Graphite India Limited 0.99%
Carborundum Universal Limited 0.64%
Construction
KNR Constructions Limited 3.33%
Sobha Limited 2.01%
Ahluwalia Contracts India Limited 1.81%
NBCC (India) Limited 1.28%
Kajaria Ceramics Limited 1.05%
ITD Cementation India Limited 1.00%
Prestige Estates Projects Limited 0.26%
Cement
The Ramco Cements Limited 2.95%
UltraTech Cement Limited 2.00%
Shree Cements Limited 1.85%
Birla Corporation Limited 0.73%
Consumer Durables
Titan Company Limited 2.33%
Whirlpool of India Limited 1.35%
Blue Star Limited 1.31%
Johnson Controls - Hitachi Air Conditioning India Limited 1.29%
Amber Enterprises Limited 0.73%
Century Plyboards (India) Limited 0.22%
Auto
Maruti Suzuki India Limited 3.17%
Eicher Motors Limited 1.12%
Escorts Limited 0.78%
Ashok Leyland Limited 0.70%
Name Of Instrument Rating/Industry % to Net
Assets

Finance
Cholamandalam Investment and Finance Company Limited 1.58%
Bajaj Finserv Limited 1.52%
Housing Development Finance Corporation Limited 1.48%
Industrial Capital Goods
Bharat Electronics Limited 1.62%
V-Guard Industries Limited 1.33%
ABB India Limited 0.28%
Thermax Limited 0.19%
Non - Ferrous Metals
Vedanta Limited 2.25%
Hindalco Industries Limited 1.05%
Retailing
Future Retail Limited 1.44%
Trent Limited 1.43%
Power
Kalpataru Power Transmission Limited 2.68%
Ferrous Metals
Ratnamani Metals & Tubes Limited 2.00%
Tata Steel Limited 0.50%
Tata Steel Limited - Partly Paid Up 0.01%
Gas
Aegis Logistics Limited 2.09%
Fertilisers
Coromandel International Limited 1.62%
Chemicals
Deepak Nitrite Limited 0.99%
Phillips Carbon Black Limited 0.53%
Auto Ancillaries
Sundram Fasteners Limited 1.11%
MRF Limited 0.25%
Transportation
Adani Ports and Special Economic Zone Limited 0.89%
Pesticides
UPL Limited 0.57%
Hotels, Resorts And Other Recreational Activities
EIH Limited 0.51%
Petroleum Products
Indian Oil Corporation Limited 0.37%
Total 98.89%
OTHERS
(a) Collateralised Borrowing and Lending Obligation 1.30%
(b) Net Receivables/(Payables) -0.19%
Net Assets 100.00%
Total number of holdings 65

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 long-term capital appreciation from a diversiļ¬ed 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.
Exit Load:For redemption within 18 months from the date of allotment or Purchase applying First in First Out basis:- 1.00% of Applicable NAV
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'