L&T Arbitrage Opportunities Fund

Data as on December 31, 2018


L&T Arbitrage Opportunities Fund

Data as on December 31, 2018


Fund Details

NAV of Plans/Options
(as on December 31, 2018)

Rs
Monthly Dividend - Regular Plan
10.092
Quarterly Dividend - Regular Plan
10.575
Growth - Regular Plan
13.361
Monthly Dividend - Direct Plan
10.298
Quarterly Dividend - Direct Plan
10.713
Growth - Direct Plan
13.733
Date of Inception :
Regular PlanJune 30, 2014
Direct PlanJune 30, 2014
Total Expense Ratio+ : 0.94% (Regular)
0.39% (Direct)
- Including Additional Expenses and GST on Management Fees - Total Expense Ratio is as on the last business day of the month
Portfolio Turnover :16.2733
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 InvestmentRs 1,000 per application and in multiples of Rs 1 thereafter
Minimum Redemption SizeRs500 or 50 units or account balance, whichever is lower.
Fund ManagerMr. Venugopal Manghat, Mr. Praveen Ayathan and Mr. Karan Desai (w.e.f. Feb 2, 2017 for investments in foreign securities)
BenchmarkNifty 50 Arbitrage Index
Monthly Average AUM (Rs In Crs) 849.23
Month end AUM(Rs In Crs) 819.44

Portfolio Allocation
Name Of Instrument % to Net
Assets
% to Net
Assets
(hedged)

Equity & Equity related
Listed/Awaiting listing on Stock Exchange
Finance
Housing Development Finance Corporation Limited
8.52%
8.52%
IDFC Limited
3.08%
3.08%
Bajaj Finance Limited
0.80%
0.80%
ICICI Prudential Life Insurance Company Limited
0.52%
0.52%
Mahindra & Mahindra Financial Services Limited
0.41%
0.41%
IFCI Limited
0.39%
0.39%
Reliance Capital Limited
0.39%
0.39%
LIC Housing Finance Limited
0.31%
0.31%
Repco Home Finance Limited
0.21%
0.21%
Cholamandalam Investment and Finance Company Limited
0.15%
0.15%
Software
Infosys Limited
5.92%
5.92%
Tata Consultancy Services Limited
1.87%
1.87%
HCL Technologies Limited
1.30%
1.30%
NIIT Technologies Limited
0.32%
0.32%
KPIT Technologies Limited
0.03%
0.03%
Tata Elxsi Limited
0.01%
0.01%
Tech Mahindra Limited
0.01%
0.01%
Consumer Non Durables
Asian Paints Limited
4.00%
4.00%
Hindustan Unilever Limited
2.96%
2.96%
ITC Limited
1.72%
1.72%
Godfrey Phillips India Limited
0.06%
0.06%
United Spirits Limited
0.05%
0.05%
Britannia Industries Limited
0.01%
0.01%
Petroleum Products
Reliance Industries Limited
5.95%
5.95%
Mangalore Refinery and Petrochemicals Limited
0.03%
0.03%
Castrol India Limited
0.01%
0.01%
Banks
Punjab National Bank
2.52%
2.52%
Union Bank of India
0.88%
0.88%
Kotak Mahindra Bank Limited
0.43%
0.43%
Oriental Bank of Commerce
0.42%
0.42%
Axis Bank Limited
0.07%
0.07%
Bank of Baroda
0.03%
0.03%
Canara Bank
0.03%
0.03%
IndusInd Bank Limited
0.02%
0.02%
Power
Adani Power Limited
1.92%
1.92%
Reliance Infrastructure Limited
1.09%
1.09%
Tata Power Company Limited
0.37%
0.37%
CESC Limited
0.32%
0.32%
Pesticides
UPL Limited
3.14%
3.14%
Pharmaceuticals
Aurobindo Pharma Limited
1.38%
1.38%
Cadila Healthcare Limited
0.86%
0.86%
Sun Pharmaceutical Industries Limited
0.62%
0.62%
Dr. Reddy's Laboratories Limited
0.11%
0.11%
Industrial Capital Goods
CG Power and Industrial Solutions Limited
1.93%
1.93%
Suzlon Energy Limited
0.42%
0.42%
Name Of Instrument % to Net
Assets
% to Net
Assets
(hedged)

Siemens Limited
0.06%
0.06%
Construction Project
NCC Limited
2.35%
2.35%
Trading
Adani Enterprises Limited
2.19%
2.19%
Auto
Escorts Limited
0.84%
0.84%
Tata Motors Limited - DVR
0.39%
0.39%
Tata Motors Limited
0.38%
0.38%
Ashok Leyland Limited
0.17%
0.17%
Bajaj Auto Limited
0.06%
0.06%
Maruti Suzuki India Limited
0.01%
0.01%
Telecom - Equipment & Accessories
Bharti Infratel Limited
1.25%
1.25%
Ferrous Metals
JSW Steel Limited
0.72%
0.72%
Tata Steel Limited
0.16%
0.16%
Cement
Grasim Industries Limited
0.65%
0.65%
The India Cements Limited
0.07%
0.07%
Century Textiles & Industries Limited
0.02%
0.02%
Fertilisers
Gujarat State Fertilizers & Chemicals Limited
0.68%
0.68%
Construction
Kajaria Ceramics Limited
0.54%
0.54%
Consumer Durables
Titan Company Limited
0.38%
0.38%
Havells India Limited
0.02%
0.02%
Media & Entertainment
TV18 Broadcast Limited
0.35%
0.35%
Auto Ancillaries
MRF Limited
0.10%
0.10%
Balkrishna Industries Limited
0.09%
0.09%
Bosch Limited
0.01%
0.01%
Industrial Products
Bharat Forge Limited
0.10%
0.10%
Textile Products
SRF Limited
0.01%
0.01%
 Total
67.19%
67.19%
Name of Instrument Rating/
Industry
% to Net
Assets
MONEY MARKET INSTRUMENT
Certificate of Deposit/Commercial Paper
Axis Bank Limited
CRISIL A1+
3.04%
Small Industries Development Bank of India
CRISIL A1+
3.04%
Total
6.08%
OTHERS
Deposits (placed as margins)
(a) Fixed Deposits
HDFC Bank Limited
19.03%
Total
19.03%
(b) Margin as Cash Margin
1.83%
(c) Tri-Party REPO
7.28%
(d) Net Receivables/(Payables)
-1.41%
Net Assets
100.00%
Total number of holdings 70
All corporate ratings are assigned by rating agencies like CRISIL; CARE; ICRA; IND.
Total outstanding position (as at Dec, 2018) in Derivative Instruments (Gross Notional) 55,381.81 lakhs
Total percentage of existing assets hedged through futures is 67.19%

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'

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