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L&T Balanced Advantage Fund

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Hybrid: Dynamic Asset Allocation

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1 Lakh

Investment Grown to
₹ 1.25 Lakh

₹ 10000

Monthly SIP Grown to
₹ 4.24 Lakh

Suitability:

When you invest for five years or more, you can expect gains that beat the inflation rate as well as returns from fixed income options. But be prepared for ups and downs in your investment value along the way.

Dynamic Asset Allocation or Balanced Advantage funds invest your money in equity shares and bonds though their proportions are not fixed. The fund management team may increase of decrease the allocation to equity shares depending upon their market outlook.

These funds tend to fall less than pure equity funds when the stock markets decline because of their debt allocation. This makes them suitable for conservative equity investors.

Like for all equity-linked investments, you must invest only through the SIP route. Click here to read a primer on SIP investing.

Warning: Warning: Do not invest in this, or any other balanced hybrid fund, if you need to redeem your investment in less than five years.

Taxability of earnings:

The tax treatment of this fund may vary depending upon its asset allocation. It will be taxed in the following manner based on its average asset allocation in the last 12 months.

Capital gains

  • If the mutual fund units are sold after 1 year from the date of investment, gains upto Rs 1 lakh in a financial year are exempt from tax. Gains over Rs 1 lakh are taxed at the rate of 10%.
  • If the mutual fund units are sold within 1 year from the date of investment, entire amount of gain is taxed at the rate of 15%.
  • No tax is to be paid as long as you continue to hold the units.

Dividends

  • Dividends are added to the income of the investors and taxed according to their respective tax slabs. Further, if an investor's dividend income exceeds Rs. 5,000 in a financial year, the fund house also deducts a TDS of 10% before distributing the dividend.

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Annual Returns
Quarterly Returns
Monthly Returns
Weekly Returns

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(₹)
cal
cal

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Trailing Returns (%)

YTD 1-Day 1-W 1-M 3-M 6-M 1-Y 3-Y 5-Y 7-Y 10-Y
Fund 0.42 -0.33 -0.47 1.85 5.68 10.04 12.67 7.65 8.61 12.18 --
VR Balanced TRI 2.41 -1.29 -0.35 5.78 17.80 24.80 18.01 10.28 14.12 12.72 --
Hybrid: Dynamic Asset Allocation 1.36 -0.50 -0.42 3.26 10.08 14.11 12.63 6.69 9.43 10.95 --
Rank within category 24 10 15 24 23 21 12 7 -- -- --
Number of funds in category 25 25 25 25 25 25 24 16 12 7 7

As on 22-Jan-2021

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
L&T Balanced Advantage Fund  | Invest Online
3 star
 Feb-11 12.67 7.65 8.61 2.19 1,055
ICICI Prudential Balanced Advantage Fund  | Invest Now
4 star
 Dec-06 12.58 8.51 11.43 1.74 28,546
Aditya Birla Sun Life Balanced Advantage Fund  | Invest Online
4 star
 Apr-00 15.26 8.05 12.37 2.10 2,596
DSP Dynamic Asset Allocation Fund - Regular Plan  | Invest Online
4 star
 Feb-14 12.87 8.59 9.87 2.01 2,251
Edelweiss Balanced Advantage Fund - Regular Plan  | Invest Online
5 star
 Aug-09 23.91 10.29 11.64 2.05 2,221

Best & Worst Performance

Best (Period) Worst (Period)
Week 6.89 (01-Apr-2020 - 09-Apr-2020) -9.72 (16-Mar-2020 - 23-Mar-2020)
Month 15.28 (07-May-2014 - 06-Jun-2014) -18.61 (20-Feb-2020 - 23-Mar-2020)
Quarter 23.85 (07-Apr-2014 - 07-Jul-2014) -18.46 (23-Dec-2019 - 23-Mar-2020)
Year 64.99 (03-Mar-2014 - 03-Mar-2015) -13.64 (22-Mar-2019 - 23-Mar-2020)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 8.22 9.52 0.36 0.43 0.49 -0.03
VR Balanced TRI 11.89 18.30 0.39 0.46 -- --
Hybrid: Dynamic Asset Allocation 6.78 12.40 0.16 0.19 0.62 -2.41
Rank within category 7 3 2 2 5 3
Number of funds in category 17 17 17 17 17 17

The Risk Measures have been calculated using calendar month returns for the last three years.

As on 31-Dec-2020

Asset Allocation (%)

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Concentration & Valuation

Number of Stocks 48
Top 10 Holdings (%) 44.97
Top 5 Holdings (%) 27.99
Top 3 Sectors (%) 19.10
Portfolio P/B Ratio 3.02
Portfolio P/E Ratio 29.85
Avg Credit Rating GOI/Cash

Value Research Equity Fund Style

Value Research Debt Fund Style

Credit Rating vis-à-vis Category

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Top Debt Holdings

Company Instrument Credit Rating 1Y Range % Assets
up L&T Liquid Plan Direct-Growth Mutual Fund Unrated 0.00 - 7.63 7.63
equal 6.18% GOI 2024 GOI Securities SOV 0.00 - 5.51 5.02
equal HDFC Bank Fixed Deposits -- 4.37 - 6.32 4.37
equal 9.50% Export-Import Bank 2023 Bonds AAA 0.00 - 4.71 2.70
equal 7.27% Nat. Highways Authority 2022 Debenture AAA 0.00 - 4.34 2.57
equal 6.19% IRFC 28/04/2023 Debenture AAA 0.00 - 3.99 2.56
equal 6.98% National Bank Agr. Rur. Devp 19/09/2022 Debenture AAA 0.00 - 2.58 1.52
equal Others Margin Money -- - 0.10

up down equal Indicates an increase or decrease or no change in holding since last portfolio
new Indicates a new holding since last portfolio

Sector Allocation vis-à-vis Category

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Top Equity Holdings

Company Sector P/E 3Y High 3Y Low % Assets
down ICICI Bank Financial 26.52 7.80 0.00 5.29
equal Adani Ports and Special Economic Zone Services 27.92 5.19 0.00 5.19
up Reliance Industries Energy 31.32 8.91 0.00 4.86
up Bharti Airtel Communication -- 4.78 0.00 4.78
down State Bank of India Financial 10.80 3.84 0.00 2.50
up HDFC Bank Financial 26.29 7.45 1.26 2.26
up HCL Technologies Technology 19.87 2.48 0.00 2.17
up Container Corp. Services 34.88 2.11 0.00 2.11
equal Infosys Technology 30.79 6.47 0.00 2.02
down ITC FMCG 18.82 5.76 0.00 1.77
equal Zydus Wellness FMCG 214.15 2.17 0.00 1.55
equal Grasim Industries Construction 21.12 2.25 0.00 1.35
down HDFC Financial 29.06 6.02 0.00 1.35
down Tata Motors Automobile -- 2.83 0.00 1.35
equal Tata Steel Metals -- 1.85 0.00 1.32
equal Kotak Mahindra Bank Financial 40.56 4.21 0.00 1.28
equal Maruti Suzuki India Automobile 60.43 3.07 0.00 1.27
down Dabur India FMCG 63.53 1.70 0.00 1.23
equal Tata Consultancy Services Technology 39.80 7.72 1.22 1.22
equal ICICI Lombard General Insurance Company Financial 46.35 2.72 0.00 1.16
equal Mphasis Technology 23.76 1.44 0.78 1.15
equal Avenue Supermarts Services 192.89 2.88 0.00 1.15
down Divi's Laboratories Healthcare 52.89 1.36 0.00 1.12
equal Sunteck Realty Construction 92.57 1.18 0.00 1.07
down Cipla Healthcare 37.02 2.22 0.00 1.06

up down equal Indicates an increase or decrease or no change in holding since last portfolio
new Indicates a new holding since last portfolio

As on 31-Dec-2020

Fund Manager

— Vihang Naik since 17-Dec-2019

Education: Mr. Naik is a CFA and TYBMS.

Experience: Prior to joining L&T Mutual Fund he was associated with L&T Investment Management Limited (Jul 2012-Jun 2016) as an Analyst and with MF Global Sify securities (Mar 2010-Jul 2012, Motilal Oswal Securities (May 2008-Mar 2010), SBICAP Securities (Oct 2006-Apr 2008) as Research Analyst.

Funds Managed:

— Praveen Ayathan since 30-Jan-2016

Education: Mr. Praveen is a B.Sc (Mathematics).

Experience: Prior to joining L&T Investment Management Ltd he has worked with Kotak Mahindra AMC and Dalal & Broacha Stock Broking Pvt. Ltd.

Funds Managed:

— Venugopal Manghat since 17-Dec-2019

Education: Mr. Manghat is a B.Sc (Mathematics) and MBA (Finance).

Experience: Prior to joining L&T Mutual Fund he has worked with Tata Asset Management Ltd.

Interviews:

Funds Managed:

— Jalpan Shah since 30-May-2016

Education: Mr. Shah is a B.E. (Mechanical) and holds a PGDM.

Experience: Prior to joining L&T, he was associated with FIL Fund Management Private Limited (Dec 2007-Nov 2012), Lotus India Asset Management Company Private Limited (Sep 2007-Nov 2007) as a Research Analyst, UTI Asset Management Company Private Limited (July 2006-Aug 2007) as a Research Analyst and UTI Asset Management Company Private Limited(May 2004-June 2006) as a Sales & Marketing Manager.

Funds Managed:

Invest Online
-0.33%

Change from previous, NAV as on 22-Jan-2021

Growth: ₹ 28.6970

Dividend: ₹ 17.8530

Investment Strategy

The scheme seeks to generate long-term capital appreciation from a diversified portfolio of predominantly equity and equity related securities and to generate reasonable returns through a portfolio of debt and money market instruments arbitrage opportunities in the cash and derivative segments of the equity markets.

Investment Details

Minimum Investment (₹) 5,000
Minimum Addl Investment (₹) 1,000
Minimum SIP Investment (₹) 500
Minimum No of Cheques 6
Minimum Withdrawal (₹) 500
Minimum Balance (₹) 500
Exit Load For units in excess of 10% of the investment,1% will be charged for redemption within 365 days

Basic Details

Fund House: L&T Mutual Fund
Launch Date: 07-Feb-2011
Return Since Launch: 11.16%
Benchmark: CRISIL Short-Term Bond TRI (50), S&P BSE 200 TRI (50)
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 1,055 Cr (As on 31-Dec-2020)
Expense: 2.19% (As on 31-Dec-2020)
Risk Grade: Below Average
Return Grade: Average
Turnover: 408.87%

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend22-Jan-20210.1100

 23-Dec-20200.1100
 25-Nov-20200.1100
 23-Oct-20200.1100
 23-Sep-20200.1100
 24-Aug-20200.1000
 23-Jul-20200.1000
 23-Jun-20200.1000
 26-May-20200.1000
 23-Apr-20200.1000
 24-Feb-20200.0974
 23-Jan-20200.0974
 23-Dec-20190.0974
 22-Nov-20190.0974
 23-Oct-20190.0974
 23-Sep-20190.0974
 23-Aug-20190.0974
 23-Jul-20190.1062
 24-Jun-20190.1062
 23-May-20190.1151
 23-Apr-20190.1062
 25-Mar-20190.1151
 25-Feb-20190.1151
 23-Jan-20190.1151
 24-Dec-20180.1151

Contact Information

AMC: L&T Investment Management Ltd

Address: Brindavan Plot No. 177, CST Road Kalina, Santacruz (East) Mumbai - 400098

Phone: 022-66554000 / 1800-2000-400

Fax: 022-66554002

Email: [email protected]

Website: http://www.lntmf.com

Registrar & Transfer Agent: Computer Age Management Services Ltd.

Address: 7th Floor, Tower II, Rayala Towers, 158, Anna Salai, Chennai - 600002

Phone: 1800-3010-6767 / 1800-419-7676

Fax: 044-30407101

Email: [email protected]

Website: www.camsonline.com

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