L&T Arbitrage Opportunities Fund

Data as on November 30, 2018


L&T Arbitrage Opportunities Fund

Data as on November 30, 2018


Fund Details

NAV of Plans/Options
(as on November 30, 2018)

Rs
Monthly Dividend - Regular Plan
10.118
Quarterly Dividend - Regular Plan
10.700
Growth - Regular Plan
13.329
Monthly Dividend - Direct Plan
10.368
Quarterly Dividend - Direct Plan
10.832
Growth - Direct Plan
13.694
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 :16.4958
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) 900.39
Month end AUM(Rs In Crs) 906.70

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

Equity & Equity related
Listed/Awaiting listing on Stock Exchange
Finance
Housing Development Finance Corporation Limited
7.37%
7.37%
Capital First Limited
3.05%
3.05%
IDFC Limited
2.81%
2.81%
Bajaj Finance Limited
1.67%
1.67%
Reliance Capital Limited
1.02%
1.02%
Repco Home Finance Limited
0.95%
0.95%
Mahindra & Mahindra Financial Services Limited
0.38%
0.38%
IFCI Limited
0.20%
0.20%
Multi Commodity Exchange of India Limited
0.14%
0.14%
Cholamandalam Investment and Finance Company Limited
0.14%
0.14%
Shriram Transport Finance Company Limited
0.11%
0.11%
Indiabulls Housing Finance Limited
0.06%
0.06%
Can Fin Homes Limited
-
-
ICICI Prudential Life Insurance Company Limited
-
-
Software
Infosys Limited
7.87%
7.87%
HCL Technologies Limited
1.29%
1.29%
NIIT Technologies Limited
1.25%
1.25%
Tata Consultancy Services Limited
0.90%
0.90%
Tech Mahindra Limited
0.39%
0.39%
Tata Elxsi Limited
0.05%
0.05%
KPIT Technologies Limited
0.01%
0.01%
Hexaware Technologies Limited
0.01%
0.01%
Banks
State Bank of India
1.83%
1.83%
Punjab National Bank
1.63%
1.63%
Bank of Baroda
0.79%
0.79%
Union Bank of India
0.73%
0.73%
The South Indian Bank Limited
0.54%
0.54%
Axis Bank Limited
0.16%
0.16%
Kotak Mahindra Bank Limited
0.10%
0.10%
Bank of India
0.07%
0.07%
IDBI Bank Limited
0.04%
0.04%
Canara Bank
0.03%
0.03%
The Federal Bank Limited
0.02%
0.02%
Indian Bank
0.02%
0.02%
Consumer Non Durables
Asian Paints Limited
2.48%
2.48%
ITC Limited
1.63%
1.63%
Marico Limited
0.49%
0.49%
Hindustan Unilever Limited
0.46%
0.46%
Godrej Consumer Products Limited
0.32%
0.32%
United Spirits Limited
0.09%
0.09%
Godfrey Phillips India Limited
0.06%
0.06%
Auto
Escorts Limited
2.22%
2.22%
Mahindra & Mahindra Limited
0.72%
0.72%
Tata Motors Limited - DVR
0.47%
0.47%
Eicher Motors Limited
0.39%
0.39%
Pesticides
UPL Limited
2.89%
2.89%
Power
Adani Power Limited
1.89%
1.89%
Reliance Infrastructure Limited
0.54%
0.54%
CESC Limited
0.32%
0.32%
Tata Power Company Limited
0.04%
0.04%
Reliance Power Limited
0.01%
0.01%
Construction Project
NCC Limited
2.49%
2.49%
Engineers India Limited
0.11%
0.11%
Trading
Adani Enterprises Limited
2.03%
2.03%
Ferrous Metals
JSW Steel Limited
0.96%
0.96%
Tata Steel Limited
0.80%
0.80%
Name Of Instrument % to Net
Assets
% to Net
Assets
(hedged)

Jindal Steel & Power Limited
0.06%
0.06%
Steel Authority of India Limited
0.04%
0.04%
Industrial Capital Goods
CG Power and Industrial Solutions Limited
1.51%
1.51%
Suzlon Energy Limited
0.16%
0.16%
Petroleum Products
Reliance Industries Limited
1.61%
1.61%
Mangalore Refinery and Petrochemicals Limited
0.03%
0.03%
Hindustan Petroleum Corporation Limited
-
-
Pharmaceuticals
Cadila Healthcare Limited
0.84%
0.84%
Cipla Limited
0.22%
0.22%
Glenmark Pharmaceuticals Limited
0.22%
0.22%
Biocon Limited
0.08%
0.08%
Cement
ACC Limited
0.53%
0.53%
The Ramco Cements Limited
0.37%
0.37%
Grasim Industries Limited
0.34%
0.34%
Healthcare Services
Apollo Hospitals Enterprise Limited
1.08%
1.08%
Fertilisers
Gujarat State Fertilizers & Chemicals Limited
1.04%
1.04%
Transportation
InterGlobe Aviation Limited
0.47%
0.47%
Adani Ports and Special Economic Zone Limited
0.40%
0.40%
Telecom - Services
Vodafone Idea Limited
0.66%
0.66%
Bharti Airtel Limited
0.08%
0.08%
Tata Communications Limited
0.03%
0.03%
Media & Entertainment
Zee Entertainment Enterprises Limited
0.24%
0.24%
TV18 Broadcast Limited
0.17%
0.17%
Dish TV India Limited
0.14%
0.14%
PVR Limited
0.04%
0.04%
Gas
Petronet LNG Limited
0.55%
0.55%
Construction
Kajaria Ceramics Limited
0.43%
0.43%
Industrial Products
Bharat Forge Limited
0.43%
0.43%
Consumer Durables
Titan Company Limited
0.40%
0.40%
Telecom - Equipment & Accessories
Bharti Infratel Limited
0.27%
0.27%
Auto Ancillaries
Balkrishna Industries Limited
0.18%
0.18%
Motherson Sumi Systems Limited
0.07%
0.07%
Total
69.73%
69.73%

Name Of Instrument Rating/
Industry
% to Net
Assets

MONEY MARKET INSTRUMENT
Certificate of Deposit/Commercial Paper
Axis Bank Limited
CRISIL A1+
2.73%
Small Industries Development Bank of India
CRISIL A1+
2.73%
Total
5.46%
OTHERS
Deposits (placed as margins)
(a) Fixed Deposits
HDFC Bank Limited
17.93%
Total
17.93%
(b) Margin as Cash Margin
1.97%
(c) Tri Party Repo Dealing System (TREPS)
4.14%
(d) Net Receivables/(Payables)
0.77%
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 Nov, 2018) in Derivative Instruments (Gross Notional) 63,428.92 lakhs
Total percentage of existing assets hedged through futures is 69.73%

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'

pdf