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L&T Balanced Advantage Fund


1 Lakh

Investment Grown to
₹ 1.20 Lakh

₹ 10000

Monthly SIP Grown to
₹ 3.95 Lakh

Analyst's Choice?

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 3 years from the date of investment, gains are taxed at the rate of 20% after providing the benefit of inflation indexation.
  • If the mutual fund units are sold within 3 years from the date of investment, entire amount of gain is added to the investors' income and taxed according to the applicable slab rate.
  • No tax is to be paid as long as you continue to hold the units.

Dividends

  • Dividends paid by the mutual fund scheme are taxed at the rate of 25% (effectively 29.12%, including surcharge and cess). This is known as Dividend Distribution Tax (DDT).Though the investor does not pay this tax directly, it is deducted from the dividend income before passing on to the investor.

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(₹)
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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 0.43 -0.18 -0.35 -0.21 1.26 5.12 9.12 6.36 4.38 11.74 --
VR Balanced TRI -0.92 -0.36 -0.72 -2.20 1.18 7.91 13.21 11.31 7.51 11.23 --
Hybrid: Dynamic Asset Allocation 1.55 0.04 -0.10 0.78 2.11 7.53 10.21 7.08 6.60 10.42 --
Rank within category 20 21 22 19 16 20 15 10 -- -- --
Number of funds in category 23 24 24 24 23 23 21 14 11 7 6

As on 20-Feb-2020

Best & Worst Performance

Best (Period) Worst (Period)
Week 5.62 (30-May-2014 - 06-Jun-2014) -7.53 (19-Aug-2015 - 26-Aug-2015)
Month 15.28 (07-May-2014 - 06-Jun-2014) -8.29 (07-Aug-2015 - 07-Sep-2015)
Quarter 23.85 (07-Apr-2014 - 07-Jul-2014) -10.56 (14-Jan-2013 - 15-Apr-2013)
Year 64.99 (03-Mar-2014 - 03-Mar-2015) -11.32 (02-Mar-2015 - 01-Mar-2016)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 6.86 3.89 0.31 0.49 0.35 -0.98
VR Balanced TRI 11.92 10.21 0.61 0.95 -- --
Hybrid: Dynamic Asset Allocation 7.59 6.42 0.29 0.51 0.52 -1.34
Rank within category 13 3 9 10 3 8
Number of funds in category 16 16 16 16 16 16

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

As on 31-Jan-2020

Asset Allocation (%)

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Concentration & Valuation

Number of Stocks 34
Top 10 Holdings (%) 48.01
Top 5 Holdings (%) 28.68
Top 3 Sectors (%) 35.51
Portfolio P/B Ratio 3.27
Portfolio P/E Ratio 23.43

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
equal HDFC Bank Fixed Deposits -- 0.00 - 6.04 4.86
equal 9.50% Export-Import Bank 2023 Bonds AAA 0.00 - 4.45 3.93
equal 7.27% Nat. Highways Authority 2022 Debenture AAA 0.00 - 3.96 3.64
equal 7.42% REC 17/06/2020 Bonds AAA 2.88 - 3.73 2.88
equal 6.98% National Bank Agr. Rur. Devp 19/09/2022 Debenture AAA 0.00 - 2.44 2.17
equal 8.15% Power Grid Corporation 2020 Debenture AAA 0.72 - 0.94 0.72
equal ICICI Bank Fixed Deposits -- 0.00 - 0.73 0.71

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 Larsen & Toubro Construction 18.40 7.18 0.70 7.18
down HDFC Bank Financial 25.38 7.45 0.00 6.25
up HDFC Financial 18.80 6.02 0.00 5.25
up Infosys Technology 20.75 5.43 0.00 5.13
equal HDFC Life Insurance Financial 85.76 5.05 0.00 4.46
equal ICICI Bank Financial 37.30 6.02 0.00 3.74
equal Kotak Mahindra Bank Financial 36.96 3.95 0.00 3.56
up ACC Construction 19.41 3.55 0.00 3.55
equal ICICI Lombard General Insurance Financial 53.69 2.72 0.00 2.47
up Tata Consultancy Services Technology 24.96 7.72 0.83 2.35
down ITC FMCG 17.01 5.33 0.00 2.25
equal Mahanagar Gas Energy 14.65 3.59 0.00 2.12
up Bharti Airtel Communication -- 2.08 0.00 2.08
equal SBI Life Insurance Company Financial 68.78 2.03 0.00 1.99
equal Asian Paints Chemicals 65.07 2.05 0.00 1.83
down Sun Pharmaceutical Inds. Healthcare 24.28 6.31 0.00 1.44
equal Grasim Industries Construction 12.18 2.25 0.00 1.11
equal RBL Bank Financial 25.62 1.27 0.00 1.02
new Petronet LNG Energy 14.35 1.10 0.00 0.95
equal Dabur India FMCG 58.30 0.95 0.00 0.92
equal Cholamandalam Invest. & Fin. Financial 20.54 1.78 0.00 0.83
equal HG Infra Engineering Construction 10.95 1.47 0.00 0.81
equal Mphasis Technology 15.29 1.44 0.78 0.79
down Reliance Industries Energy 21.71 8.91 0.00 0.77
equal Adani Enterprises Services 20.82 3.11 0.00 0.72

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-Jan-2020

*As on 31-Dec-2019

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:


-0.18%

Change from previous, NAV as on 20-Feb-2020

Growth: ₹ 25.4440

Dividend: ₹ 16.9510


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: 10.88%
Benchmark: CRISIL Short-Term Bond (50), S&P BSE 200 TRI (50)
Riskometer: Moderately High
Type: Open-ended
Assets: ₹ 699 Cr (As on 31-Jan-2020)
Expense: 2.46% (As on 31-Jan-2020)
Risk Grade: Below Average
Return Grade: Below Average
Turnover: 547.11%

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend23-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
 26-Nov-20180.1151
 23-Oct-20180.1151
 24-Sep-20180.1151
 23-Aug-20180.1151
 23-Jul-20180.1151
 22-Jun-20180.1151
 23-May-20180.1151
 23-Apr-20180.1151
 23-Mar-20180.1300
 23-Feb-20180.1300
 25-Jan-20180.1300

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: 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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