L&T Equity Savings Fundᵟ

Data as on May 31, 2019


L&T Equity Savings Fundᵟ

Data as on May 31, 2019


Fund Details

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

Rs
Monthly Dividend - Regular Plan
11.888
Quarterly Dividend - Regular Plan
11.925
Growth Plan - Regular Plan
18.116
Monthly Dividend - Direct Plan
12.627
Quarterly Dividend - Direct Plan
12.792
Growth Plan - Direct Plan
19.026
Date of Inception :
Regular PlanOctober 18, 2011
Direct PlanJanuary 01, 2013
Total Expense Ratio+ : 1.57% (Regular)
0.63% (Direct)
- Including Additional Expenses, B30 charges and GST on Management Fees
- Total Expense Ratio is as on the last business day of the month
Portfolio Turnover :5.1718
Options• Growth
• Dividend:
1. Monthly Dividend (Reinvestment and Payout)
2. Quarterly Dividend (Reinvestment and Payout)
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 SizeRs 500 or 50 units
Fund ManagerMr. Venugopal Manghat and Mr. Praveen Ayathan (Equity portion) and Mr. Jalpan Shah (Debt portion) (w.e.f. May 30, 2016)
Benchmark Nifty 50 Arbitrage (75%) + S&P BSE 200 TRI (25%)
Monthly Average AUM (Rs In Crs) 178.50
Month end AUM(Rs In Crs) 175.38

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

EQUITY & EQUITY RELATED
Listed/Awaiting Listing on the Stock Exchanges
Banks
ICICI Bank Limited
3.30%
-
3.30%
State Bank of India
3.40%
1.15%
2.25%
Axis Bank Limited
2.16%
-
2.16%
HDFC Bank Limited
2.02%
-
2.02%
Punjab National Bank
3.80%
3.80%
-
Petroleum Products
Reliance Industries Limited
9.10%
6.37%
2.73%
Hindustan Petroleum Corporation Limited
1.05%
-
1.05%
Software
Infosys Limited
2.57%
-
2.57%
Tech Mahindra Limited
1.04%
-
1.04%
HCL Technologies Limited
0.92%
-
0.92%
Tata Consultancy Services Limited
0.80%
-
0.80%
Persistent Systems Limited
0.36%
-
0.36%
MindTree Limited
0.35%
-
0.35%
Finance
Cholamandalam Investment and Finance Company Limited
0.76%
-
0.76%
Bajaj Finance Limited
0.73%
-
0.73%
Bajaj Finserv Limited
0.84%
0.35%
0.49%
Housing Development Finance Corporation Limited
3.04%
2.55%
0.49%
Cholamandalam Financial Holdings Limited
0.40%
-
0.40%
Manappuram Finance Limited
0.18%
0.18%
-
Consumer Non Durables
 
ITC Limited
1.79%
0.95%
0.84%
Asian Paints Limited
1.03%
0.34%
0.69%
Hindustan Unilever Limited
0.67%
-
0.67%
Tata Global Beverages Limited
0.61%
-
0.61%
Emami Limited
0.27%
-
0.27%
Avanti Feeds Limited
0.24%
-
0.24%
Pharmaceuticals
Cipla Limited
0.69%
-
0.69%
Divi's Laboratories Limited
0.56%
-
0.56%
Lupin Limited
0.47%
-
0.47%
Sun Pharmaceutical Industries Limited
2.63%
2.39%
0.24%
Cadila Healthcare Limited
0.07%
0.07%
-
Construction Project
Larsen & Toubro Limited
1.57%
-
1.57%
Engineers India Limited
0.54%
-
0.54%
Sadbhav Engineering Limited
0.27%
-
0.27%
Indian Hume Pipe Company Limited
0.24%
-
0.24%
Cement
Shree Cements Limited
0.99%
-
0.99%
The Ramco Cements Limited
0.76%
-
0.76%
Ambuja Cements Limited
0.78%
0.16%
0.62%
Construction
Oberoi Realty Limited
0.68%
-
0.68%
Sobha Limited
0.61%
-
0.61%
KNR Constructions Limited
0.46%
-
0.46%
Prestige Estates Projects Limited
0.40%
-
0.40%
Ahluwalia Contracts India Limited
0.30%
-
0.30%
Industrial Capital Goods
Bharat Electronics Limited
0.31%
-
0.31%
BEML Limited
0.17%
-
0.17%
CG Power and Industrial Solutions Limited
1.31%
1.31%
-
Retailing
Future Retail Limited
0.85%
-
0.85%
Future Lifestyle Fashions Limited
0.80%
-
0.80%
Auto
Hero MotoCorp Limited
0.60%
-
0.60%
Maruti Suzuki India Limited
0.56%
-
0.56%
V.S.T Tillers Tractors Limited
0.25%
-
0.25%
Media & Entertainment
TV18 Broadcast Limited
1.36%
1.36%
-
Gas
GAIL India Limited
1.04%
-
1.04%
Name Of Instrument % to Net
Assets
% to Net
Assets
(hedged)
% to Net
Assets
(unhedged)

Ferrous Metals
Tata Steel Limited
0.79%
-
0.79%
Jindal Steel & Power Limited
0.24%
-
0.24%
Hotels, Resorts And Other Recreational Activities
Taj GVK Hotels & Resorts Limited
0.61%
-
0.61%
The Indian Hotels Company Limited
0.39%
-
0.39%
Auto Ancillaries
MRF Limited
0.76%
0.28%
0.48%
Fertilisers
Coromandel International Limited
0.31%
-
0.31%
Gujarat State Fertilizers & Chemicals Limited
0.38%
0.38%
-
Power
 
Tata Power Company Limited
0.49%
0.49%
-
Telecom - Services
Bharti Airtel Limited
0.46%
-
0.46%
Chemicals
 
Navin Fluorine International Limited
0.36%
-
0.36%
Non - Ferrous Metals
Vedanta Limited
0.32%
-
0.32%
Industrial Products
 
Finolex Cables Limited
0.28%
-
0.28%
Paper
 
Tamil Nadu Newsprint & Papers Limited
0.25%
-
0.25%
Textile Products
 
K.P.R. Mill Limited
0.14%
-
0.14%
Dollar Industries Limited
0.07%
-
0.07%
 Total
66.55%
22.14%
44.41%

Name Of Instrument Rating/Industry % to Net Assets

PREFERENCE SHARES
Listed / Awaiting listing on Stock Exchanges
Media & Entertainment
Zee Entertainment Enterprises Limited
0.01%
Total
0.01%
BONDS & NCDs
Listed / awaiting listing on the stock exchanges
Shriram Transport Finance Company Limited 
CRISIL AA+
2.82%
Indiabulls Housing Finance Limited 
CARE AAA
2.80%
Dewan Housing Finance Corporation Limited 
CARE BBB-
2.78%
Tata Steel Limited 
BWR AA
2.46%
Amba River Coke Limited (Subsidiary of JSW Steel Ltd) 
CARE AA
1.07%
Total
11.93%
Unlisted
Tata Housing Development Company Limited
ICRA AA
1.13%
Total
1.13%
Zero Coupon Bonds - Corporate
Privately placed / Unlisted
TMF Holdings Limited 
CRISIL AA
0.70%
Aditya Birla Housing Finance Limited
ICRA AAA
0.43%
Total
1.13%
OTHERS
Deposits (placed as margins)
(a) Fixed Deposits
HDFC Bank Limited
7.98%
Total
7.98%
(b) Margin as Cash Margin
4.79%
(c) Tri Party Repo Dealing System (TREPS)
10.77%
(d) Net Receivables/(Payables)
-4.29%
Net Assets
100.00%
Total number of holdings
68

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) 3,888.27 lakhs
Total percentage of existing assets hedged through futures is 22.13%

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 has been a change to the fundamental attributes of L&T MIP - Wealth Builder Fund w.e.f. January 9, 2015 and consequently is now an equity fund. Performance shown above is of L&T MIP - Wealth Builder Fund. $(B) Nifty 50 Arbitrage (75%) + S&P BSE 200 (25%)

Investment objective:To generate regular income by predominantly investing in arbitrage opportunities in the cash and derivatives segments of the equity markets and debt and money market instruments and to generate long-term capital appreciation through unhedged exposure to equity and equity related instruments.
Exit Load:If the units redeemed or switched out are upto 10% of the units purchased or switched in (“the limit”) within 1 year from the date of allotment – Nil. If units redeemed or switched out are over and above the limit within 1 year from the date of allotment – 1%. If units are redeemed or switched out on or after 1 year from the date of allotment – Nil.
ᵟ Pursuant to the circular issued by SEBI on ‘Categorization and Rationalization of the Schemes, there has been change in the fundamental attribute(s) of the aforesaid effective from May 14, 2018.
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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