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5 star

L&T Balanced Advantage Fund


1 Lakh

Investment Grown to
₹ 1.23 Lakh

₹ 10000

Monthly SIP Grown to
₹ 4.05 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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(₹)
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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 5.85 -0.13 0.19 -0.83 6.33 20.22 8.91 7.04 6.16 12.82 --
VR Balanced TRI -5.05 -0.04 0.51 -2.92 7.60 24.45 -0.11 6.08 8.47 10.49 --
Hybrid: Dynamic Asset Allocation 1.00 -0.05 0.43 -1.85 5.46 17.48 3.84 3.93 6.35 10.19 --
Rank within category 5 20 21 8 7 8 5 2 -- -- --
Number of funds in category 23 25 25 25 25 25 23 15 12 7 6

As on 29-Sep-2020

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
5 star
Feb-11 8.91 7.04 6.16 2.42 721
ICICI Prudential Balanced Advantage Fund  | Invest Now
4 star
Dec-06 3.42 5.75 8.04 1.72 26,638
DSP Dynamic Asset Allocation Fund - Regular Plan  | Invest Online
5 star
Feb-14 4.31 5.49 7.16 2.17 1,547
IDFC Dynamic Equity Fund - Regular Plan
4 star
Oct-14 7.17 6.48 7.02 2.32 966
HDFC Balanced Advantage Fund  | Invest Online
Unrated
Feb-94 -9.99 -0.51 5.11 1.61 37,192

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 6.91 9.42 0.19 0.22 0.52 0.56
VR Balanced TRI 7.49 17.40 0.14 0.15 -- --
Hybrid: Dynamic Asset Allocation 4.37 11.86 -0.07 -0.06 0.62 -2.24
Rank within category 2 3 2 2 5 2
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-Aug-2020

Asset Allocation (%)

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Concentration & Valuation

Number of Stocks 48
Top 10 Holdings (%) 41.83
Top 5 Holdings (%) 26.26
Top 3 Sectors (%) 29.33
Portfolio P/B Ratio 2.86
Portfolio P/E Ratio 25.49
Avg Credit Rating AAA

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 - 6.32 6.32
equal 9.50% Export-Import Bank 2023 Bonds AAA 0.00 - 4.71 4.17
equal 7.27% Nat. Highways Authority 2022 Debenture AAA 0.00 - 4.34 3.69
equal 6.19% IRFC 28/04/2023 Debenture AAA 0.00 - 3.99 3.64
equal 6.98% National Bank Agr. Rur. Devp 19/09/2022 Debenture AAA 0.00 - 2.58 2.32
equal ICICI Bank Fixed Deposits -- 0.00 - 0.85 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

Sector Allocation vis-à-vis Category

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Top Equity Holdings

Company Sector P/E 3Y High 3Y Low % Assets
up ICICI Bank Financial 23.84 7.80 0.00 7.80
equal Reliance Industries Energy 35.85 8.91 0.00 4.28
equal Infosys Technology 25.17 6.47 0.00 3.39
equal Kotak Mahindra Bank Financial 29.25 4.21 0.00 2.97
equal HDFC Bank Financial 20.38 7.45 2.14 2.96
up Bharti Airtel Communication -- 3.48 0.00 2.61
up Cipla Healthcare 38.54 2.22 0.00 2.17
up ITC FMCG 14.39 5.76 0.00 2.10
equal Zydus Wellness FMCG 78.64 2.14 0.00 2.03
equal HCL Technologies Technology 18.71 2.48 0.00 1.98
equal Dr. Reddy's Lab Healthcare 44.86 2.69 0.00 1.92
equal Tata Consultancy Services Technology 29.58 7.72 1.84 1.91
equal Tata Steel Metals -- 1.85 0.00 1.85
equal Torrent Pharmaceuticals Healthcare 41.42 3.33 0.00 1.80
equal Shree Cement Construction 48.23 2.22 0.00 1.74
down Muthoot Finance Financial 13.23 5.05 0.00 1.72
up Hindustan Unilever FMCG 70.34 3.95 0.00 1.69
equal HDFC Life Insurance Financial 87.08 5.05 0.00 1.68
equal Maruti Suzuki India Automobile 50.23 3.07 0.00 1.68
equal Avenue Supermarts Services 136.94 2.88 0.00 1.59
equal Grasim Industries Construction 13.90 2.25 0.00 1.44
equal Alkem Laboratories Healthcare 24.51 1.50 0.00 1.41
equal ICICI Lombard General Insurance Company Financial 44.35 2.72 0.00 1.41
equal Hero Motocorp Automobile 25.83 1.38 0.00 1.38
up Larsen & Toubro Construction 14.90 7.18 1.04 1.38

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-Aug-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:


-0.13%

Change from previous, NAV as on 29-Sep-2020

Growth: ₹ 26.8150

Dividend: ₹ 17.1030


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: 10.76%
Benchmark: CRISIL Short-Term Bond (50), S&P BSE 200 TRI (50)
Riskometer: Moderately High
Type: Open-ended
Assets: ₹ 721 Cr (As on 31-Aug-2020)
Expense: 2.42% (As on 31-Aug-2020)
Risk Grade: Low
Return Grade: Above Average
Turnover: 368.76%

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend23-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
 26-Nov-20180.1151
 23-Oct-20180.1151
 24-Sep-20180.1151
 23-Aug-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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