L&T Arbitrage Opportunities Fund

Data as on May 31, 2017


L&T Arbitrage Opportunities Fund

Data as on May 31, 2017


Fund Details

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

Rs
Monthly Dividend - Regular Plan 10.094
Quarterly Dividend - Regular Plan 10.647
Growth - Regular Plan 12.186
Bonus - Regular Plan 12.186
Monthly Dividend - Direct Plan 10.241
Quarterly Dividend - Direct Plan 10.673
Growth - Direct Plan 12.404
Bonus - Direct Plan 12.404
Date of Inception :
Regular PlanJune 30, 2014
Direct PlanJune 30, 2014
Expense Ratio+ :0.85% (Regular)
0.32% (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)156.01
Month end AUM(Rs In Crs)160.05

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 5.39% 5.39%
Reliance Infrastructure Limited 4.40% 4.40%
JSW Energy Limited 0.36% 0.36%
PTC India Limited 0.05% 0.05%
Finance
IDFC Limited 6.06% 6.06%
Multi Commodity Exchange of India Limited 2.23% 2.23%
Reliance Capital Limited 0.65% 0.65%
L&T Finance Holdings Limited 0.07% 0.07%
Consumer Non Durables
Balrampur Chini Mills Limited 7.53% 7.53%
Tata Global Beverages Limited 0.73% 0.73%
Asian Paints Limited 0.09% 0.09%
Banks
The South Indian Bank Limited 5.16% 5.16%
Yes Bank Limited 3.16% 3.16%
Cement
Century Textiles & Industries Limited 5.59% 5.59%
Shree Cements Limited 1.74% 1.74%
Software
Infibeam Incorporation Limited 4.20% 4.20%
Infosys Limited 1.10% 1.10%
MindTree Limited 0.21% 0.21%
Media & Entertainment
TV18 Broadcast Limited 3.30% 3.30%
Minerals/Mining
NMDC Limited 3.20% 3.20%
Construction Project
GMR Infrastructure Limited 2.83% 2.83%
Construction
IRB Infrastructure Developers Limited 2.52% 2.52%
Name Of Instrument % to Net
Assets
% to Net
Assets
(hedged)

DLF Limited 0.12% 0.12%
Fertilisers
Gujarat State Fertilizers & Chemicals Limited 1.56% 1.56%
Pharmaceuticals
Granules India Limited 0.98% 0.98%
Aurobindo Pharma Limited 0.39% 0.39%
Glenmark Pharmaceuticals Limited 0.06% 0.06%
Textiles - Cotton
Indo Count Industries Limited 1.09% 1.09%
Non - Ferrous Metals
Hindustan Zinc Limited 1.09% 1.09%
Consumer Durables
PC Jeweller Limited 0.29% 0.29%
Industrial Products
Jain Irrigation Systems Limited 0.29% 0.29%
Auto
Escorts Limited 0.20% 0.20%
Total66.64% 66.64%

Name Of Instrument Rating/Industry % to Net
Assets

Fixed Deposit
HDFC Bank Limited 14.78%
Total 14.78%

Margin (Future & Options) 0.88%
Net Receivable/Payable 17.70%
Total 18.58%

Grand Total 100.00%

Total number of holdings 32


Total outstanding position (as at May, 2017) in Derivative Instruments (Gross Notional) 10,396.14 lakhs
Total percentage of existing assets hedged through futures is 66.64%

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'