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4 star

L&T Balanced Advantage Fund


Hybrid: Dynamic Asset Allocation

1 Lakh

Investment Grown to
₹ 1.23 Lakh

₹ 10000

Monthly SIP Grown to
₹ 4.06 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 5.71 0.19 0.14 4.15 12.09 4.88 11.46 7.15 5.27 13.10 --
VR Balanced TRI -4.51 -0.02 0.75 3.95 17.19 -4.77 4.97 6.55 7.54 10.92 --
Hybrid: Dynamic Asset Allocation 1.23 0.15 0.59 3.10 12.27 -1.07 7.63 4.35 5.94 10.49 --
Rank within category 5 8 19 5 14 3 6 2 -- -- --
Number of funds in category 23 25 25 25 25 24 23 15 12 7 6

As on 13-Aug-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
4 star
Feb-11 11.46 7.15 5.27 2.43 681
ICICI Prudential Balanced Advantage Fund  | Invest Now
4 star
Dec-06 8.39 6.44 7.53 1.74 26,139
DSP Dynamic Asset Allocation Fund - Regular Plan  | Invest Online
5 star
Feb-14 9.19 5.85 7.23 2.28 1,418
Edelweiss Balanced Advantage Fund - Regular Plan  | Invest Online
4 star
Aug-09 13.83 7.74 6.85 2.06 1,406
IDFC Dynamic Equity Fund - Regular Plan
4 star
Oct-14 12.17 6.89 6.35 2.34 929

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 6.54 9.43 0.14 0.17 0.52 0.74
VR Balanced TRI 6.33 17.40 0.06 0.07 -- --
Hybrid: Dynamic Asset Allocation 3.75 12.04 -0.13 -0.12 0.63 -2.17
Rank within category 3 2 1 2 4 2
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-Jul-2020

Asset Allocation (%)

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Concentration & Valuation

Number of Stocks 45
Top 10 Holdings (%) 42.09
Top 5 Holdings (%) 24.66
Top 3 Sectors (%) 30.89
Portfolio P/B Ratio 2.94
Portfolio P/E Ratio 24.67

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 5.75
equal 9.50% Export-Import Bank 2023 Bonds AAA 0.00 - 4.71 4.42
equal 7.27% Nat. Highways Authority 2022 Debenture AAA 0.00 - 4.34 3.89
equal 6.19% IRFC 28/04/2023 Debenture AAA 0.00 - 3.99 3.85
equal 6.98% National Bank Agr. Rur. Devp 19/09/2022 Debenture AAA 0.00 - 2.58 2.44
equal ICICI Bank Fixed Deposits -- 0.00 - 0.85 0.76

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 23.43 6.02 0.00 5.85
down Reliance Industries Energy 33.78 8.91 0.00 4.50
down Muthoot Finance Financial 15.04 5.05 0.00 4.14
down Infosys Technology 23.79 6.47 0.00 3.73
equal Kotak Mahindra Bank Financial 31.06 4.21 0.00 3.06
down HDFC Bank Financial 20.43 7.45 2.08 2.90
equal Cipla Healthcare 37.24 2.22 0.00 2.22
equal Dr. Reddy's Lab Healthcare 38.51 2.69 0.00 2.15
equal Zydus Wellness FMCG 62.24 2.14 0.00 2.14
new HCL Technologies Technology 16.75 2.48 0.00 2.13
equal ITC FMCG 17.14 5.76 0.00 2.07
equal Tata Consultancy Services Technology 27.11 7.72 0.85 2.04
equal Shree Cement Construction 51.61 2.22 0.00 1.98
down HDFC Life Insurance Financial 91.58 5.05 0.00 1.94
down Torrent Pharmaceuticals Healthcare 41.88 3.33 0.00 1.91
down Hindustan Unilever FMCG 75.37 3.95 0.00 1.84
equal Tata Steel Metals 31.97 1.74 0.00 1.74
down Maruti Suzuki India Automobile 50.41 3.07 0.00 1.63
down Bharti Airtel Communication -- 3.48 0.00 1.57
down ICICI Lombard General Insurance Company Financial 48.35 2.72 0.00 1.55
equal Avenue Supermarts Services 140.47 2.88 0.00 1.54
equal Alkem Laboratories Healthcare 25.49 1.50 0.00 1.46
down HDFC Asset Management Company Financial 38.95 2.16 0.00 1.44
equal Grasim Industries Construction 9.39 2.25 0.00 1.43
equal Mphasis Technology 18.72 1.44 0.78 1.34

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-Jul-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:


0.19%

Change from previous, NAV as on 13-Aug-2020

Growth: ₹ 26.7800

Dividend: ₹ 17.2900


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: 10.90%
Benchmark: CRISIL Short-Term Bond (50), S&P BSE 200 TRI (50)
Riskometer: Moderately High
Type: Open-ended
Assets: ₹ 681 Cr (As on 31-Jul-2020)
Expense: 2.43% (As on 31-Jul-2020)
Risk Grade: Below Average
Return Grade: Above Average
Turnover: 396.77%

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend23-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
 23-Jul-20180.1151
 22-Jun-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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