L&T Arbitrage Opportunities Fund

Data as on June 30, 2017


L&T Arbitrage Opportunities Fund

Data as on June 30, 2017


Fund Details

NAV of Plans/Options
(as on May 31,2017)

Rs
Monthly Dividend - Regular Plan 10.137
Quarterly Dividend - Regular Plan 10.542
Growth - Regular Plan 12.238
Bonus - Regular Plan 12.238
Monthly Dividend - Direct Plan 10.290
Quarterly Dividend - Direct Plan10.573
Growth - Direct Plan 12.463
Bonus - Direct Plan 12.463
Date of Inception :
Regular PlanJune 30, 2014
Direct PlanJune 30, 2014
Expense Ratio+ :0.83% (Regular)
0.30% (Direct)
Portfolio Turnover :12.7803
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)170.57
Month end AUM(Rs In Crs)162.41

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

Equity & Equity related
(Listed/Awaiting listing on Stock Exchange)
 
Power
Reliance Power Limited 5.77% 5.77%
Reliance Infrastructure Limited 4.44% 4.44%
JSW Energy Limited 0.78% 0.78%
Finance
IDFC Limited 5.15% 5.15%
Indiabulls Housing Finance Limited 3.17% 3.17%
L&T Finance Holdings Limited 0.08% 0.08%
Consumer Non Durables
Balrampur Chini Mills Limited 5.94% 5.94%
Tata Global Beverages Limited 0.72% 0.72%
Healthcare Services
Fortis Healthcare Limited 6.42% 6.42%
Software
Infibeam Incorporation Limited 4.72% 4.72%
Infosys Limited 1.64% 1.64%
Industrial Products
Jain Irrigation Systems Limited 5.78% 5.78%
Sintex Industries Limited 0.14% 0.14%
Cement
Century Textiles & Industries Limited 2.65% 2.65%
Shree Cements Limited 1.59% 1.59%
Banks
Indian Bank 2.15% 2.15%
The South Indian Bank Limited 1.44% 1.44%
Media & Entertainment
TV18 Broadcast Limited 3.26% 3.26%
Minerals/Mining
NMDC Limited 3.08% 3.08%
Pharmaceuticals
Piramal Enterprises Limited 1.00% 1.00%
Name Of Instrument % to Net
Assets
% to Net
Assets
(hedged)

Dr. Reddy's Laboratories Limited 0.91% 0.91%
Granules India Limited 0.88% 0.88%
Glenmark Pharmaceuticals Limited 0.06% 0.06%
Construction
IRB Infrastructure Developers Limited 2.16% 2.16%
Housing Development and Infrastructure Limited 0.60% 0.60%
Fertilisers
Gujarat State Fertilizers & Chemicals Limited 1.32% 1.32%
Textiles - Cotton
Indo Count Industries Limited 1.02% 1.02%
Consumer Durables
PC Jeweller Limited 0.92% 0.92%
Auto
Ashok Leyland Limited 0.04% 0.04%
Total67.83% 67.83%

Name Of Instrument Rating/Industry % to Net
Assets

Fixed Deposit
HDFC Bank Limited 16.22%
Total 16.22%

Investment Funds/Mutual Funds
L&T Liquid Fund - Direct Plan - Growth Mutual Fund 12.50%
Total 12.50%

Cash & Cash Equivalents
Margin (Future & Options) 0.02%
Net Receivable/Payable 0.02%
Total 0.03%

Grand Total 100.00%

Total number of holdings 29


Total outstanding position (as at June, 2017) in Derivative Instruments (Gross Notional) 10,901.45 lakhs
Total percentage of existing assets hedged through futures is 67.83%

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

There will be a change in the Benchmark Index of L&T Arbitrage Opportunities Fund w.e.f March 1, 2017.
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'