L&T Arbitrage Opportunities Fund

Data as on April 30, 2017


L&T Arbitrage Opportunities Fund

Data as on April 30, 2017


Fund Details

NAV of Plans/Options
(as on April 28,2017)

Rs
Monthly Dividend - Regular Plan 10.155
Quarterly Dividend - Regular Plan 10.564
Growth - Regular Plan 12.091
Bonus - Regular Plan 12.091
Monthly Dividend - Direct Plan 10.295
Quarterly Dividend - Direct Plan 10.584
Growth - Direct Plan 12.301
Bonus - Direct Plan 12.301
Date of Inception :
Regular PlanJune 30, 2014
Direct PlanJune 30, 2014
Expense Ratio+ :0.90% (Regular)
0.37% (Direct)
Portfolio Turnover :12.6281
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)150.60
Month end AUM(Rs In Crs)154.71

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

Equity & Equity related
(Listed/Awaiting listing on Stock Exchange)
 
Power
Reliance Power Limited 7.66% 7.66% 0.00%
Reliance Infrastructure Limited 5.54% 5.54% 0.00%
CESC Limited 4.18% 4.18% 0.00%
Torrent Power Limited 0.53% 0.53% 0.00%
PTC India Limited 0.15% 0.15% 0.00%
Cement
Century Textiles & Industries Limited 8.06% 8.06% 0.00%
Banks
The South Indian Bank Limited 4.87% 4.87% 0.00%
The Karnataka Bank Limited 3.06% 3.06% 0.00%
Finance
IDFC Limited 6.56% 6.56% 0.00%
Dewan Housing Finance Corporation Limited 0.25% 0.25% 0.00%
L&T Finance Holdings Limited 0.07% 0.07% 0.00%
Media & Entertainment
TV18 Broadcast Limited 5.81% 5.81% 0.00%
PVR Limited 0.04% 0.04% 0.00%
Minerals/Mining
NMDC Limited 5.36% 5.36% 0.00%
Telecom - Services
Tata Communications Limited 3.54% 3.54% 0.00%
Construction Project
GMR Infrastructure Limited 3.28% 3.28% 0.00%
Consumer Non Durables
Tata Global Beverages Limited 1.92% 1.92% 0.00%
Industrial Products
Sintex Industries Limited 1.88% 1.88% 0.00%
Construction
IRB Infrastructure Developers Limited 1.78% 1.78% 0.00%
Textiles - Cotton
Indo Count Industries Limited 1.31% 1.31% 0.00%
Name Of Instrument % to Net
Assets
% to Net
Assets
(hedged)
% to Net
Assets
(unhedged)

Healthcare Services
Apollo Hospitals Enterprise Limited 1.25% 1.25% 0.00%
Pharmaceuticals
Granules India Limited 1.09% 1.09% 0.00%
Sun Pharmaceutical Industries Limited 0.06% 0.06% 0.00%
Trading
Adani Enterprises Limited 0.85% 0.85% 0.00%
Services
Aditya Birla Nuvo Limited 0.82% 0.82% 0.00%
Consumer Durables
PC Jeweller Limited 0.78% 0.78% 0.00%
Transportation
InterGlobe Aviation Limited 0.69% 0.69% 0.00%
Auto Ancillaries
Amara Raja Batteries Limited 0.35% 0.35% 0.00%
Petroleum Products
Castrol India Limited 0.20% 0.20% 0.00%
Software
MindTree Limited 0.19% 0.19% 0.00%
Auto
Escorts Limited 0.16% 0.16% 0.00%
Total72.29% 72.29% 0.00%

Name Of Instrument Rating/Industry % to Net
Assets

Fixed Deposit
HDFC Bank Limited 14.90%
Total 14.90%

Margin (Future & Options) 0.74%
Net Receivable/Payable 12.07%
Total 12.81%

Grand Total 100.00%

Total number of holdings 31


Total outstanding position (as at April, 2017) in Derivative Instruments (Gross Notional) 11,200.22 lakhs
Total percentage of existing assets hedged through futures is 72.29%

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'