L&T Arbitrage Opportunities Fund

Data as on May 31, 2019


L&T Arbitrage Opportunities Fund

Data as on May 31, 2019


Fund Details

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

Rs
Monthly Dividend - Regular Plan
10.247
Quarterly Dividend - Regular Plan
10.724
Growth - Regular Plan
13.741
Monthly Dividend - Direct Plan
10.411
Quarterly Dividend - Direct Plan
10.890
Growth - Direct Plan
14.156
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 :16.0282
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) 653.58
Month end AUM(Rs In Crs) 668.31

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

Equity & Equity related
Listed/Awaiting listing on Stock Exchange
Consumer Non Durables
Hindustan Unilever Limited4.09%4.09%
ITC Limited2.85%2.85%
Nestle India Limited0.81%0.81%
Asian Paints Limited0.57%0.57%
United Breweries Limited0.39%0.39%
Marico Limited0.25%0.25%
Godrej Industries Limited0.18%0.18%
United Spirits Limited0.08%0.08%
Colgate Palmolive (India) Limited0.08%0.08%
Dabur India Limited0.06%0.06%
Finance
Bajaj Finance Limited1.74%1.74%
Housing Development Finance Corporation Limited1.34%1.34%
IDFC Limited0.94%0.94%
Rec Limited0.92%0.92%
Manappuram Finance Limited0.91%0.91%
IFCI Limited0.49%0.49%
Multi Commodity Exchange of India Limited0.44%0.44%
Shriram Transport Finance Company Limited0.27%0.27%
Bajaj Finserv Limited0.20%0.20%
Power Finance Corporation Limited0.18%0.18%
LIC Housing Finance Limited0.07%0.07%
Banks
HDFC Bank Limited5.66%5.66%
State Bank of India0.76%0.76%
Bank of Baroda0.39%0.39%
Axis Bank Limited0.32%0.32%
Canara Bank0.15%0.15%
Indian Bank0.08%0.08%
IDBI Bank Limited0.06%0.06%
Auto
Escorts Limited1.53%1.53%
Maruti Suzuki India Limited1.46%1.46%
Tata Motors Limited1.36%1.36%
Mahindra & Mahindra Limited0.67%0.67%
Ashok Leyland Limited0.23%0.23%
Tata Motors Limited - DVR0.11%0.11%
Eicher Motors Limited0.08%0.08%
Petroleum Products
Reliance Industries Limited3.89%3.89%
Hindustan Petroleum Corporation Limited0.68%0.68%
Indian Oil Corporation Limited0.31%0.31%
Castrol India Limited0.26%0.26%
Chennai Petroleum Corporation Limited0.14%0.14%
Construction
DLF Limited4.34%4.34%
IRB Infrastructure Developers Limited0.08%0.08%
NBCC (India) Limited0.04%0.04%
Pharmaceuticals
Aurobindo Pharma Limited1.48%1.48%
Cipla Limited1.43%1.43%
Cadila Healthcare Limited0.52%0.52%
Glenmark Pharmaceuticals Limited0.40%0.40%
Biocon Limited0.26%0.26%
Sun Pharmaceutical Industries Limited0.08%0.08%
Software
Tata Consultancy Services Limited2.62%2.62%
Infosys Limited0.60%0.60%
Tata Elxsi Limited0.25%0.25%
Tech Mahindra Limited0.19%0.19%
Oracle Financial Services Software Limited0.15%0.15%
Construction Project
Larsen & Toubro Limited2.47%2.47%
Name Of Instrument % to Net
Assets
% to Net
Assets
(hedged)

NCC Limited0.44%0.44%
Trading
Adani Enterprises Limited2.14%2.14%
Auto Ancillaries
Motherson Sumi Systems Limited1.08%1.08%
Exide Industries Limited0.80%0.80%
MRF Limited0.07%0.07%
Power
Tata Power Company Limited0.66%0.66%
Adani Power Limited0.45%0.45%
NTPC Limited0.36%0.36%
Power Grid Corporation of India Limited0.33%0.33%
CESC Limited0.10%0.10%
Gas
GAIL India Limited1.34%1.34%
Petronet LNG Limited0.51%0.51%
Indraprastha Gas Limited0.01%0.01%
Ferrous Metals
JSW Steel Limited1.30%1.30%
Steel Authority of India Limited0.24%0.24%
Tata Steel Limited0.18%0.18%
Cement
Grasim Industries Limited0.76%0.76%
The India Cements Limited0.64%0.64%
ACC Limited0.12%0.12%
Ambuja Cements Limited0.09%0.09%
Textile Products
Arvind Limited0.64%0.64%
Raymond Limited0.33%0.33%
Media & Entertainment
Zee Entertainment Enterprises Limited0.62%0.62%
TV18 Broadcast Limited0.31%0.31%
Non - Ferrous Metals
National Aluminium Company Limited0.31%0.31%
Hindustan Zinc Limited0.27%0.27%
Hindalco Industries Limited0.25%0.25%
Transportation
Container Corporation of India Limited0.68%0.68%
Telecom - Equipment & Accessories
Bharti Infratel Limited0.53%0.53%
Telecom - Services
Vodafone Idea Limited0.22%0.22%
Tata Communications Limited0.08%0.08%
Consumer Durables
Titan Company Limited0.24%0.24%
Oil
Oil & Natural Gas Corporation Limited0.21%0.21%
Total 66.22% 66.22%
Name of Instrument Rating/
Industry
% to Net
Assets
MONEY MARKET INSTRUMENT
Certificate of Deposit/Commercial Paper
Kotak Mahindra Bank
Limited
CRISIL A1+
3.70%
Axis Bank Limited
ICRA A1+
3.70%
Total
7.40%
OTHERS
Deposits (placed as margins)
(a) Fixed Deposits
HDFC Bank Limited
18.00%
Total
18.00%
(b) Margin as Cash Margin
14.10%
(c) Tri Party Repo Dealing System (TREPS)
5.25%
(d) Net Receivables/(Payables)
-10.97%
Net Assets
100.00%
Total number of holdings 88
All corporate ratings are assigned by rating agencies like CRISIL; CARE; ICRA; IND.
Total outstanding position (as at May, 2019) in Derivative Instruments (Gross Notional) 44,340.81 lakhs
Total percentage of existing assets hedged through futures is 66.22%

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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