L&T Arbitrage Opportunities Fund

Data as on May 31, 2018


L&T Arbitrage Opportunities Fund

Data as on May 31, 2018


Fund Details

NAV of Plans/Options
(Data as on May 31, 2018)

Rs
Monthly Dividend - Regular Plan10.086
Quarterly Dividend - Regular Plan 10.659
Growth - Regular Plan 12.910
Monthly Dividend - Direct Plan10.306
Quarterly Dividend - Direct Plan 10.754
Growth - Direct Plan13.221
Date of Inception :
Regular PlanJune 30, 2014
Direct PlanJune 30, 2014
Expense Ratio+ : 0.83% (Regular)
0.28% (Direct)
Portfolio Turnover :16.1445
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 2, 2017 for investments in foreign securities)
BenchmarkNifty 50 Arbitrage Index
Monthly Average AUM (Rs In Crs)816.04
Month end AUM(Rs In Crs)835.22

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

Equity & Equity related
Listed/Awaiting listing on Stock Exchange
Finance
   
IDFC Limited
4.51%
4.51%
Shriram Transport Finance Company Limited
4.05%
4.05%
Housing Development Finance Corporation Limited
3.41%
3.41%
Power Finance Corporation Limited
3.07%
3.07%
Mahindra & Mahindra Financial Services Limited
2.04%
2.04%
Multi Commodity Exchange of India Limited
1.62%
1.62%
Capital First Limited
0.88%
0.88%
Equitas Holdings Limited
0.62%
0.62%
Dewan Housing Finance Corporation Limited
0.55%
0.55%
Can Fin Homes Limited
0.40%
0.40%
SREI Infrastructure Finance Limited
0.23%
0.23%
Rural Electrification Corporation Limited
0.23%
0.23%
Indiabulls Housing Finance Limited
0.15%
0.15%
Reliance Capital Limited
0.03%
0.03%
IFCI Limited
0.02%
0.02%
Banks
IDFC Bank Limited
1.99%
1.99%
Bank of Baroda
1.47%
1.47%
The South Indian Bank Limited
0.97%
0.97%
State Bank of India
0.92%
0.92%
The Karnataka Bank Limited
0.33%
0.33%
Canara Bank
0.27%
0.27%
Punjab National Bank
0.16%
0.16%
Syndicate Bank
0.12%
0.12%
IDBI Bank Limited
0.06%
0.06%
Telecom - Services
Bharti Airtel Limited
5.50%
5.50%
Cement
Ambuja Cements Limited
2.61%
2.61%
UltraTech Cement Limited
0.41%
0.41%
The India Cements Limited
0.40%
0.40%
Dalmia Bharat Limited
0.37%
0.37%
ACC Limited
0.01%
0.01%
Media & Entertainment
TV18 Broadcast Limited
3.14%
3.14%
Dish TV India Limited
0.45%
0.45%
Pharmaceuticals
Aurobindo Pharma Limited
1.30%
1.30%
Biocon Limited
1.10%
1.10%
Piramal Enterprises Limited
0.34%
0.34%
Wockhardt Limited
0.33%
0.33%
Granules India Limited
0.30%
0.30%
Cadila Healthcare Limited
0.08%
0.08%
Divi's Laboratories Limited
0.03%
0.03%
Non - Ferrous Metals
Vedanta Limited
1.83%
1.83%
National Aluminium Company Limited
0.47%
0.47%
Hindustan Zinc Limited
0.24%
0.24%
Consumer Non Durables
Godrej Consumer Products Limited
0.83%
0.83%
Balrampur Chini Mills Limited
0.70%
0.70%
Jubilant Foodworks Limited
0.64%
0.64%
ITC Limited
0.26%
0.26%
United Spirits Limited
0.08%
0.08%
Hindustan Unilever Limited
0.01%
0.01%
Software
Wipro Limited
1.81%
1.81%
HCL Technologies Limited
0.39%
0.39%
NIIT Technologies Limited
0.25%
0.25%
Ferrous Metals
Tata Steel Limited
1.36%
1.36%
Name Of Instrument % to Net
Assets
% to Net
Assets
(hedged)

Steel Authority of India Limited
0.67%
0.67%
Jindal Steel & Power Limited
0.39%
0.39%
Construction
IRB Infrastructure Developers Limited
2.28%
2.28%
Textile Products
Raymond Limited
2.14%
2.14%
Arvind Limited
0.11%
0.11%
Power
Tata Power Company Limited
1.09%
1.09%
CESC Limited
0.54%
0.54%
Reliance Power Limited
0.14%
0.14%
NTPC Limited
0.08%
0.08%
Industrial Capital Goods
Suzlon Energy Limited
1.47%
1.47%
Bharat Electronics Limited
0.33%
0.33%
BEML Limited
0.03%
0.03%
Construction Project
GMR Infrastructure Limited
0.76%
0.76%
NCC Limited
0.68%
0.68%
Hindustan Construction Company Limited
0.11%
0.11%
Engineers India Limited
0.10%
0.10%
Auto
Escorts Limited
1.26%
1.26%
Bajaj Auto Limited
0.18%
0.18%
Maruti Suzuki India Limited
0.14%
0.14%
Tata Motors Limited - DVR
0.04%
0.04%
Tata Motors Limited
0.02%
0.02%
Mahindra & Mahindra Limited
0.01%
0.01%
Gas
Indraprastha Gas Limited
0.74%
0.74%
GAIL India Limited
0.27%
0.27%
Mahanagar Gas Limited
0.01%
0.01%
Petroleum Products
Hindustan Petroleum Corporation Limited
0.25%
0.25%
Chennai Petroleum Corporation Limited
0.17%
0.17%
Reliance Industries Limited
0.01%
0.01%
Trading
Adani Enterprises Limited
0.29%
0.29%
Fertilisers
Gujarat State Fertilizers & Chemicals Limited
0.27%
0.27%
Consumer Durables
Bata India Limited
0.21%
0.21%
Auto Ancillaries
Motherson Sumi Systems Limited
0.09%
0.09%
Bosch Limited
0.08%
0.08%
Transportation
Adani Ports and Special Economic Zone Limited
0.13%
0.13%
Total
68.43%
68.43%

Name Of Instrument Rating/
Industry
% to Net
Assets

OTHERS
 
Deposits (placed as margins)
 
(a) Fixed Deposits
 
HDFC Bank Limited
 
16.20%
Total
 
16.20%
(b) Margin as Cash Margin
 
1.88%
(c) Collateralised Borrowing and Lending Obligation
 
13.10%
(d) Net Receivables/(Payables)
 
0.39%
Net Assets
 
100.00%
Total number of holdings 86
Total outstanding position (as at May, 2018) in Derivative Instruments (Gross Notional) 57,493.26 lakhs
Total percentage of existing assets hedged through futures is 68.43%

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'