L&T Business Cycles Fund

Data as on December 29, 2017


L&T Business Cycles Fund

Data as on December 29, 2017


Fund Details

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

Rs
Dividend Option - Regular Plan 16.759
Growth Option - Regular Plan 17.912
Dividend Option - Direct Plan 17.150
Growth Option - Direct Plan 18.306
Volatility Measures*:
Standard Deviation 16.48%
R-Squared0.90
Beta 1.17
Sharpe Ratio# 0.58
*Source: ICRA MFIE
#Risk free rate assumed to be 6.20%
(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 :0.2805
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 Index
Monthly Average AUM (Rs In Crs)1,049.81
Month end AUM(Rs In Crs)1,086.32

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 2.36%
IndusInd Bank Limited 2.33%
State Bank of India 1.87%
The Federal Bank Limited 1.72%
Kotak Mahindra Bank Limited 1.59%
Vijaya Bank 0.46%
Construction Project
Larsen & Toubro Limited 3.20%
Engineers India Limited 3.02%
Indian Hume Pipe Company Limited 2.62%
Sadbhav Engineering Limited 1.97%
Ashoka Buildcon Limited 1.70%
Industrial Products
Finolex Cables Limited 3.05%
Bharat Forge Limited 3.01%
Timken India Limited 2.32%
Schaeffler India Limited 1.16%
AIA Engineering Limited 1.10%
Construction
KNR Constructions Limited 3.19%
Ahluwalia Contracts India Limited 1.59%
NBCC (India) Limited 1.43%
Sobha Limited 1.40%
Kajaria Ceramics Limited 1.34%
ITD Cementation India Limited 1.23%
Prestige Estates Projects Limited 0.21%
Cement
The Ramco Cements Limited 2.67%
UltraTech Cement Limited 2.19%
Shree Cements Limited 1.88%
Birla Corporation Limited 1.17%
JK Lakshmi Cement Limited 0.86%
Consumer Durables
Whirlpool of India Limited 2.03%
Titan Company Limited 1.57%
Johnson Controls - Hitachi Air
Conditioning India Limited 1.32%
Blue Star Limited 1.27%
Century Plyboards (India) Limited 0.22%
Auto
Maruti Suzuki India Limited 3.85%
Eicher Motors Limited 1.84%
Escorts Limited 0.58%
Non - Ferrous Metals
Hindalco Industries Limited 2.41%
Name Of Instrument Rating/Industry % to Net
Assets

Vedanta Limited 2.26%
Industrial Capital Goods
Bharat Electronics Limited 2.18%
V-Guard Industries Limited 1.23%
ABB India Limited 0.27%
Transportation
Adani Ports and Special Economic Zone Limited 1.27%
VRL Logistics Limited 1.24%
Power
Kalpataru Power Transmission Limited 2.47%
Finance
Housing Development Finance
Corporation Limited 1.28%
Bajaj Finserv Limited 1.16%
Retailing
Trent Limited 1.30%
Future Retail Limited 0.89%
Praxis Home Retail Limited @ 0.00%
Gas
Aegis Logistics Limited 1.97%
Fertilisers
Coromandel International Limited 1.88%
Ferrous Metals
Ratnamani Metals & Tubes Limited 1.34%
Tata Steel Limited 0.50%
Petroleum Products
Indian Oil Corporation Limited 0.97%
Hindustan Petroleum Corporation
Limited 0.18%
Media & Entertainment
PVR Limited 0.93%
Auto Ancillaries
Sundram Fasteners Limited 0.68%
WABCO India Limited 0.19%
Telecom - Equipment & Accessories
Astra Microwave Products Limited 0.82%
Pesticides
UPL Limited 0.76%
Chemicals
Phillips Carbon Black Limited 0.38%
Total98.71%

OTHERS
(a) Collateralised Borrowing and Lending Obligation
1.76%
(b) Net Receivables/(Payables) -0.47%

Net Assets 100.00%

Total number of holdings 62

@ Awaited Listing

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'