L&T Arbitrage Opportunities Fund

Data as on December 29, 2017


L&T Arbitrage Opportunities Fund

Data as on December 29, 2017


Fund Details

NAV of Plans/Options
(as on December 29, 2017)

Rs
Monthly Dividend - Regular Plan 10.097
Quarterly Dividend - Regular Plan 10.558
Growth - Regular Plan 12.608
Bonus - Regular Plan 12.608
Monthly Dividend - Direct Plan 10.286
Quarterly Dividend - Direct Plan 10.622
Growth - Direct Plan 12.878
Date of Inception :
Regular PlanJune 30, 2014
Direct PlanJune 30, 2014
Expense Ratio+ :0.78% (Regular)
0.27% (Direct)
Portfolio Turnover :15.2281
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 3, 2017 for investments in foreign securities)
BenchmarkNifty 50 Arbitrage Index
Monthly Average AUM (Rs In Crs)600.78
Month end AUM(Rs In Crs)628.23

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

Equity & Equity related
(Listed/Awaiting listing on Stock Exchange)
 
Finance
IDFC Limited 7.41% 7.41%
Multi Commodity Exchange of India Limited 3.79% 3.79%
Dewan Housing Finance Corporation Limited 2.75% 2.75%
Reliance Capital Limited 2.04% 2.04%
Indiabulls Housing Finance Limited 1.11% 1.11%
Ujjivan Financial Services Limited 0.93% 0.93%
IFCI Limited 0.54% 0.54%
Equitas Holdings Limited 0.33% 0.33%
SREI Infrastructure Finance Limited 0.22% 0.22%
Power Finance Corporation Limited 0.09% 0.09%
Repco Home Finance Limited 0.08% 0.08%
Manappuram Finance Limited 0.06% 0.06%
LIC Housing Finance Limited 0.05% 0.05%
Can Fin Homes Limited 0.03% 0.03%
Banks
Punjab National Bank 3.08% 3.08%
IDFC Bank Limited 1.85% 1.85%
The South Indian Bank Limited 0.72% 0.72%
The Federal Bank Limited 0.45% 0.45%
State Bank of India 0.22% 0.22%
IDBI Bank Limited 0.20% 0.20%
The Karnataka Bank Limited 0.13% 0.13%
Allahabad Bank 0.09% 0.09%
Bank of Baroda 0.09% 0.09%
Cement
Grasim Industries Limited 6.60% 6.60%
Century Textiles & Industries Limited 0.09% 0.09%
The India Cements Limited 0.08% 0.08%
Consumer Non Durables
Jubilant Foodworks Limited 2.24% 2.24%
Balrampur Chini Mills Limited 1.53% 1.53%
United Breweries Limited 0.70% 0.70%
ITC Limited 0.67% 0.67%
Kaveri Seed Company Limited 0.52% 0.52%
United Spirits Limited 0.32% 0.32%
Tata Global Beverages Limited 0.23% 0.23%
Power
Reliance Infrastructure Limited 2.40% 2.40%
Reliance Power Limited 2.03% 2.03%
PTC India Limited 1.04% 1.04%
JSW Energy Limited 0.05% 0.05%
CESC Limited 0.03% 0.03%
Adani Power Limited 0.01% 0.01%
Industrial Capital Goods
CG Power and Industrial Solutions Limited 3.23% 3.23%
Suzlon Energy Limited 0.93% 0.93%
Reliance Naval and Engineering Limited 0.11% 0.11%
Pharmaceuticals
Strides Shasun Limited 1.37% 1.37%
Cadila Healthcare Limited 0.77% 0.77%
Lupin Limited 0.59% 0.59%
Aurobindo Pharma Limited 0.42% 0.42%
Glenmark Pharmaceuticals Limited 0.39% 0.39%
Dr. Reddy's Laboratories Limited 0.21% 0.21%
Piramal Enterprises Limited 0.16% 0.16%
Divi's Laboratories Limited 0.03% 0.03%
Construction
NBCC (India) Limited 2.12% 2.12%
Housing Development and Infrastructure Limited1.03% 1.03%
Kajaria Ceramics Limited 0.31% 0.31%
Minerals/Mining
NMDC Limited 2.75% 2.75%
Healthcare Services
Fortis Healthcare Limited 2.37% 2.37%
Name Of Instrument % to Net
Assets
% to Net
Assets
(hedged)

Ferrous Metals
Steel Authority of India Limited 1.81% 1.81%
Textile Products
Raymond Limited 0.92% 0.92%
Arvind Limited 0.75% 0.75%
Construction Project
GMR Infrastructure Limited 1.14% 1.14%
NCC Limited 0.43% 0.43%
Hindustan Construction Company Limited 0.04% 0.04%
Fertilisers
Gujarat State Fertilizers & Chemicals Limited 1.44% 1.44%
Petroleum Products
Mangalore Refinery and Petrochemicals Limited 0.88% 0.88%
Chennai Petroleum Corporation Limited 0.45% 0.45%
Chemicals
Tata Chemicals Limited 1.24% 1.24%
Non - Ferrous Metals
National Aluminium Company Limited 0.43% 0.43%
Vedanta Limited 0.17% 0.17%
Hindustan Zinc Limited 0.02% 0.02%
Software
KPIT Technologies Limited 0.30% 0.30%
Tata Elxsi Limited 0.29% 0.29%
Auto
Ashok Leyland Limited 0.27% 0.27%
Tata Motors Limited 0.05% 0.05%
Escorts Limited 0.03% 0.03%
Tata Motors Limited - DVR 0.02% 0.02%
Maruti Suzuki India Limited 0.01% 0.01%
Media & Entertainment
Sun TV Network Limited 0.22% 0.22%
Dish TV India Limited 0.12% 0.12%
Trading
Adani Enterprises Limited 0.33% 0.33%
Pesticides
UPL Limited 0.31% 0.31%
Gas
Mahanagar Gas Limited 0.26% 0.26%
Consumer Durables
PC Jeweller Limited 0.17% 0.17%
Bata India Limited 0.07% 0.07%
Telecom - Services
Tata Communications Limited 0.24% 0.24%
Textiles - Cotton
Indo Count Industries Limited 0.14% 0.14%
Industrial Products
Bharat Forge Limited 0.08% 0.08%
Total74.22% 74.22%

Name Of Instrument Rating/
Industry
% to Net
Assets

OTHERS Deposits (placed as margins)
(a) Fixed Deposit
HDFC Bank Limited 15.01%
Total 15.01%

(b) Margin as Cash Margin1.23%
(c) Collateralised Borrowing and Lending Obligation20.69%
(d) Net Receivables/(Payables) -11.15%

Net Assets 100.00%

Total number of holdings 85


Total outstanding position (as at December, 2017) in Derivative Instruments (Gross Notional) 46,892.05 lakhs
Total percentage of existing assets hedged through futures is 74.22%

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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