L&T Arbitrage Opportunities Fund

Data as on January 31, 2019


L&T Arbitrage Opportunities Fund

Data as on January 31, 2019


Fund Details

NAV of Plans/Options
(as on January 31, 2019)

Rs
Monthly Dividend - Regular Plan
10.145
Quarterly Dividend - Regular Plan
10.631
Growth - Regular Plan
13.431
Monthly Dividend - Direct Plan
10.357
Quarterly Dividend - Direct Plan
10.774
Growth - Direct Plan
13.812
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 :16.1785
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 Manager Mr. Venugopal Manghat, Mr. Praveen Ayathan and Mr. Karan Desai (w.e.f. Feb 2, 2017 for investments in foreign securities) and Jalpan Shah (w.e.f January 24, 2019 for Debt Portion)
BenchmarkNifty 50 Arbitrage Index
Monthly Average AUM (Rs In Crs) 806.22
Month end AUM(Rs In Crs) 796.52

% Sector Allocation

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

Equity & Equity related
Listed/Awaiting listing on Stock Exchange
Consumer Non Durables
Asian Paints Limited
4.54%
4.54%
Hindustan Unilever Limited
4.05%
4.05%
ITC Limited
2.04%
2.04%
Berger Paints India Limited
0.65%
0.65%
Nestle India Limited
0.12%
0.12%
Godfrey Phillips India Limited
0.07%
0.07%
Dabur India Limited
0.05%
0.05%
United Breweries Limited
0.05%
0.05%
Finance
Housing Development Finance Corporation Limited
4.14%
4.14%
IDFC Limited
2.70%
2.70%
Bajaj Finance Limited
1.73%
1.73%
Mahindra & Mahindra Financial Services Limited
1.43%
1.43%
IFCI Limited
0.36%
0.36%
Shriram Transport Finance Company Limited
0.34%
0.34%
LIC Housing Finance Limited
0.14%
0.14%
Equitas Holdings Limited
0.11%
0.11%
Multi Commodity Exchange of India Limited
0.04%
0.04%
Cholamandalam Investment and Finance Company Limited
0.01%
0.01%
Software
Infosys Limited
5.23%
5.23%
HCL Technologies Limited
1.59%
1.59%
MindTree Limited
1.24%
1.24%
Just dial Limited
0.02%
0.02%
Petroleum Products
Reliance Industries Limited
6.19%
6.19%
Castrol India Limited
0.01%
0.01%
Banks
ICICI Bank Limited
2.10%
2.10%
The Federal Bank  Limited
1.36%
1.36%
Punjab National Bank
0.71%
0.71%
Axis Bank Limited
0.32%
0.32%
Oriental Bank of Commerce
0.19%
0.19%
State Bank of India
0.15%
0.15%
Canara Bank
0.03%
0.03%
The Karnataka Bank Limited
0.02%
0.02%
IndusInd Bank Limited
0.01%
0.01%
Bank of Baroda
0.01%
0.01%
Pharmaceuticals
Sun Pharmaceutical Industries Limited
1.75%
1.75%
Aurobindo Pharma Limited
1.12%
1.12%
Dr. Reddy's Laboratories Limited
0.93%
0.93%
Glenmark Pharmaceuticals Limited
0.74%
0.74%
Ferrous Metals
JSW Steel Limited
1.93%
1.93%
Tata Steel Limited
1.51%
1.51%
Jindal Steel & Power Limited
0.02%
0.02%
Auto
Mahindra & Mahindra Limited
0.93%
0.93%
Ashok Leyland Limited
0.83%
0.83%
Tata Motors Limited
0.39%
0.39%
Tata Motors Limited - DVR
0.28%
0.28%
Maruti Suzuki India Limited
0.13%
0.13%
Escorts Limited
0.05%
0.05%
Name Of Instrument % to Net
Assets
% to Net
Assets
(hedged)

Construction Project
NCC Limited
2.32%
2.32%
Power
Adani Power Limited
1.76%
1.76%
Tata Power Company Limited
0.33%
0.33%
Reliance Infrastructure Limited
0.13%
0.13%
Cement
Grasim Industries Limited
0.81%
0.81%
The India Cements Limited
0.56%
0.56%
Shree Cements Limited
0.55%
0.55%
Century Textiles & Industries Limited
0.19%
0.19%
UltraTech Cement Limited
0.02%
0.02%
Pesticides
UPL Limited
2.04%
2.04%
Industrial Capital Goods
CG Power and Industrial Solutions Limited
1.67%
1.67%
Siemens Limited
0.06%
0.06%
Auto Ancillaries
Apollo Tyres Limited
0.97%
0.97%
Exide Industries Limited
0.29%
0.29%
Bosch Limited
0.01%
0.01%
Trading
Adani Enterprises Limited
0.98%
0.98%
Media & Entertainment
PVR Limited
0.51%
0.51%
TV18 Broadcast Limited
0.26%
0.26%
Zee Entertainment Enterprises Limited
0.13%
0.13%
Construction
Kajaria Ceramics Limited
0.61%
0.61%
Transportation
Adani Ports and Special Economic Zone Limited
0.58%
0.58%
Industrial Products
Bharat Forge Limited
0.22%
0.22%
Telecom - Equipment & Accessories
Bharti Infratel Limited
0.04%
0.04%
Textile Products
Arvind Limited
-  
-  
 Total
67.40%
67.40%
Name of Instrument Rating/
Industry
% to Net
Assets
MONEY MARKET INSTRUMENT
Certificate of Deposit/Commercial Paper
Axis Bank Limited
CRISIL A1+
3.09%
Indusind Bank Limited
CRISIL A1+
3.09%
Total
6.18%
OTHERS
Deposits (placed as margins)
(a) Fixed Deposits
HDFC Bank Limited
17.76%
Total
17.76%
(b) Margin as Cash Margin
0.92%
(c) Tri-Party REPO
9.48%
(d) Net Receivables/(Payables)
-1.74%
Net Assets
100.00%
Total number of holdings 71
All corporate ratings are assigned by rating agencies like CRISIL; CARE; ICRA; IND.
Total outstanding position (as at Jan, 2019) in Derivative Instruments (Gross Notional) 53,947.54 lakhs
Total percentage of existing assets hedged through futures is 67.40%

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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