L&T Business Cycles Fundᵟ

Data as on December 31, 2018


L&T Business Cycles Fundᵟ

Data as on December 31, 2018


Fund Details

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

Rs
Dividend Option - Regular Plan
12.954
Growth Option - Regular Plan
14.781
Dividend Option - Direct Plan
13.370
Growth Option - Direct Plan
15.209
Volatility Measures*:
Standard Deviation 18.57%
R-Squared0.84
Beta 1.15
Sharpe Ratio# 0.07
*Source: ICRA MFIE
#Risk free rate assumed to be 6.33%
(based on 3-months Mibor NSE rate during last 3 months)
Date of Inception :
Regular PlanAugust 20, 2014
Direct PlanAugust 20, 2014
Total Expense Ratio+ : 2.42% (Regular)
1.55% (Direct)
- Including Additional Expenses, B30 charges and GST on Management Fees
- Total Expense Ratio is as on the last business day of the month
Portfolio Turnover :0.2599
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 2, 2017) (for investments in foreign securities)
BenchmarkS&P BSE 200 TRI Index
Monthly Average AUM (Rs In Crs)783.68
Month end AUM(Rs In Crs)791.00

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

Equity & Equity related
(Listed/Awaiting listing on Stock Exchange)
Banks
HDFC Bank Limited 4.83%
ICICI Bank Limited 4.27%
Kotak Mahindra Bank Limited 2.41%
IndusInd Bank Limited 2.22%
State Bank of India 1.79%
Axis Bank Limited 1.35%
Vijaya Bank 0.46%
Construction Project
Larsen & Toubro Limited 4.87%
Indian Hume Pipe Company Limited 2.67%
Engineers India Limited 2.60%
Ashoka Buildcon Limited 1.26%
Sadbhav Engineering Limited 0.67%
Industrial Products
Finolex Cables Limited 2.68%
Timken India Limited 2.11%
AIA Engineering Limited 1.63%
Schaeffler India Limited 1.54%
Graphite India Limited 1.39%
Bharat Forge Limited 0.92%
Carborundum Universal Limited 0.78%
HEG Limited 0.67%
Cummins India Limited 0.11%
Cement
UltraTech Cement Limited 3.08%
The Ramco Cements Limited 2.99%
Shree Cements Limited 2.03%
Birla Corporation Limited 0.75%
Construction
KNR Constructions Limited 2.34%
Sobha Limited 2.07%
Ahluwalia Contracts India Limited 1.82%
Kajaria Ceramics Limited 1.24%
Consumer Durables
Titan Company Limited 2.89%
Whirlpool of India Limited 1.16%
Johnson Controls - Hitachi Air Conditioning India Limited 1.14%
Blue Star Limited 0.87%
Amber Enterprises Limited 0.76%
Finance
Bajaj Finserv Limited 2.51%
Housing Development Finance Corporation Limited 2.07%
Cholamandalam Investment and Finance Company Limited 1.49%
Name Of Instrument Rating/Industry % to Net
Assets

Retailing
Future Retail Limited 2.52%
Trent Limited 2.12%
Auto
Maruti Suzuki India Limited 2.58%
Ashok Leyland Limited 0.80%
Bajaj Auto Limited 0.60%
Mahindra & Mahindra Limited 0.51%
Industrial Capital Goods
V-Guard Industries Limited 1.56%
Bharat Electronics Limited 1.41%
Thermax Limited 0.37%
Ferrous Metals
Ratnamani Metals & Tubes Limited 2.52%
Tata Steel Limited 0.57%
Tata Steel Limited - Partly Paid Up 0.01%
Petroleum Products
Reliance Industries Limited 2.39%
Auto Ancillaries
Sundram Fasteners Limited 1.29%
MRF Limited 0.43%
Chemicals
Deepak Nitrite Limited 1.06%
Phillips Carbon Black Limited 0.55%
Gas
Aegis Logistics Limited 1.55%
Fertilisers
Coromandel International Limited 1.23%
Transportation
Adani Ports and Special Economic Zone Limited 0.98%
Container Corporation of India Limited 0.10%
Pesticides
UPL Limited 0.89%
Telecom - Equipment & Accessories
Sterlite Technologies Limited 0.84%
Hotels, Resorts And Other Recreational Activities
EIH Limited 0.75%
Non - Ferrous Metals
Vedanta Limited 0.53%
Total 98.60%
OTHERS
(a) Tri-Party REPO 1.41%
(b) Net Receivables/(Payables) -0.01%
Net Assets100.00%
Total number of holdings 62

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 diversified 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
ᵟ Pursuant to the circular issued by SEBI on ‘Categorization and Rationalization of the Schemes, there has been change in the fundamental attribute(s) of the aforesaid effective from May 14, 2018.
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'

pdf