L&T Arbitrage Opportunities Fund

Data as on August 31, 2017


L&T Arbitrage Opportunities Fund

Data as on August 31, 2017


Fund Details

NAV of Plans/Options
(as on August 31, 2017)

Rs
Monthly Dividend - Regular Plan 10.121
Quarterly Dividend - Regular Plan 10.651
Growth - Regular Plan 12.364
Bonus - Regular Plan 12.364
Monthly Dividend - Direct Plan 10.285
Quarterly Dividend - Direct Plan 10.693
Growth - Direct Plan 12.605
Bonus - Direct Plan 12.605
Date of Inception :
Regular PlanJune 30, 2014
Direct PlanJune 30, 2014
Expense Ratio+ :0.79% (Regular)
0.28% (Direct)
Portfolio Turnover :13.8036
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)207.46
Month end AUM(Rs In Crs)230.67

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

Equity & Equity related
(Listed/Awaiting listing on Stock Exchange)
 
Software
Infibeam Incorporation Limited 6.59% 6.59%
KPIT Technologies Limited 1.62% 1.62%
Infosys Limited 0.91% 0.91%
Power
Reliance Infrastructure Limited 4.42% 4.42%
Reliance Power Limited 3.81% 3.81%
NTPC Limited 0.32% 0.32%
PTC India Limited 0.21% 0.21%
CESC Limited 0.10% 0.10%
Torrent Power Limited 0.03% 0.03%
Finance
IDFC Limited 2.27% 2.27%
Reliance Capital Limited 1.52% 1.52%
Manappuram Finance Limited 1.34% 1.34%
LIC Housing Finance Limited 1.09% 1.09%
ICICI Prudential Life Insurance Company Limited 0.72% 0.72%
Rural Electrification Corporation Limited 0.44% 0.44%
Can Fin Homes Limited 0.40% 0.40%
Dewan Housing Finance Corporation Limited 0.16% 0.16%
L&T Finance Holdings Limited 0.08% 0.08%
Power Finance Corporation Limited 0.03% 0.03%
Cement
The India Cements Limited 3.16% 3.16%
Century Textiles & Industries Limited 0.92% 0.92%
Shree Cements Limited 0.50% 0.50%
UltraTech Cement Limited 0.35% 0.35%
Ambuja Cements Limited 0.21% 0.21%
Grasim Industries Limited 0.04% 0.04%
Construction
Indiabulls Real Estate Limited 2.64% 2.64%
IRB Infrastructure Developers Limited 2.02% 2.02%
Housing Development and Infrastructure Limited 0.30% 0.30%
Banks
The South Indian Bank Limited 1.48% 1.48%
State Bank of India 1.30% 1.30%
Bank of Baroda 0.96% 0.96%
Syndicate Bank 0.55% 0.55%
Indian Bank 0.37% 0.37%
Yes Bank Limited 0.16% 0.16%
Non - Ferrous Metals
Vedanta Limited 2.86% 2.86%
Hindustan Zinc Limited 0.90% 0.90%
Media & Entertainment
TV18 Broadcast Limited 2.45% 2.45%
Sun TV Network Limited 1.12% 1.12%
PVR Limited 0.09% 0.09%
Pharmaceuticals
Sun Pharmaceutical Industries Limited 1.28% 1.28%
Aurobindo Pharma Limited 0.73% 0.73%
Granules India Limited 0.69% 0.69%
Dr. Reddy's Laboratories Limited 0.32% 0.32%
Wockhardt Limited 0.19% 0.19%
Lupin Limited 0.02% 0.02%
Healthcare Services
Fortis Healthcare Limited 3.16% 3.16%
Fertilisers
Gujarat State Fertilizers & Chemicals Limited 2.50% 2.50%
Name Of Instrument % to Net
Assets
% to Net
Assets
(hedged)

Industrial Products
Jain Irrigation Systems Limited 2.38% 2.38%
Industrial Capital Goods
BEML Limited 0.83% 0.83%
Suzlon Energy Limited 0.66% 0.66%
Consumer Non Durables
United Spirits Limited 1.32% 1.32%
Petroleum Products
Chennai Petroleum Corporation Limited 1.17% 1.17%
Minerals/Mining
NMDC Limited 0.92% 0.92%
Coal India Limited 0.05% 0.05%
Oil
Oil & Natural Gas Corporation Limited 0.84% 0.84%
Auto Ancillaries
Apollo Tyres Limited 0.49% 0.49%
Amara Raja Batteries Limited 0.20% 0.20%
MRF Limited 0.08% 0.08%
CEAT Limited 0.05% 0.05%
Auto
Maruti Suzuki India Limited 0.40% 0.40%
Bajaj Auto Limited 0.12% 0.12%
Consumer Durables
PC Jeweller Limited 0.51% 0.51%
Textiles - Cotton
Indo Count Industries Limited 0.50% 0.50%
Gas
Mahanagar Gas Limited 0.46% 0.46%
Indraprastha Gas Limited 0.03% 0.03%
Transportation
Jet Airways India Limited 0.36% 0.36%
InterGlobe Aviation Limited 0.06% 0.06%
Pesticides
UPL Limited 0.34% 0.34%
Construction Project
Engineers India Limited 0.14% 0.14%
Hindustan Construction Company Limited 0.09% 0.09%
Telecom - Services
Tata Communications Limited 0.16% 0.16%
Ferrous Metals
Jindal Steel & Power Limited 0.03% 0.03%
Total69.52% 69.52%

Name Of Instrument Rating/Industry % to Net
Assets

Fixed Deposit
HDFC Bank Limited 14.70%
Total 14.70%

Cash & Cash Equivalents
Margin (Future & Options) 1.61%
Net Receivable/Payable 14.17%
Total 15.78%

Grand Total 100.00%

Total number of holdings 72


Total outstanding position (as at August, 2017) in Derivative Instruments (Gross Notional) 16,103.16 lakhs
Total percentage of existing assets hedged through futures is 69.52%

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'

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