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4 star

L&T Balanced Advantage Fund


Hybrid: Dynamic Asset Allocation

1 Lakh

Investment Grown to
₹ 1.18 Lakh

₹ 10000

Monthly SIP Grown to
₹ 3.93 Lakh

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 paid by the mutual fund scheme are taxed at the rate of 10% (effectively 11.648%, 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 1.26 -0.42 1.51 2.68 11.55 1.47 5.38 5.60 4.79 12.45 --
VR Balanced TRI -8.91 -0.69 2.26 4.53 18.58 -8.02 -4.08 5.16 6.58 9.89 --
Hybrid: Dynamic Asset Allocation -2.41 -0.45 1.65 3.10 12.21 -2.50 1.79 3.43 5.43 9.69 --
Rank within category 5 9 16 21 15 4 6 3 -- -- --
Number of funds in category 23 25 25 25 25 24 22 14 12 7 6

As on 08-Jul-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 5.38 5.60 4.79 2.44 645
ICICI Prudential Balanced Advantage Fund  | Invest Now
4 star
Dec-06 1.17 5.07 6.97 1.71 24,582
Edelweiss Balanced Advantage Fund - Regular Plan  | Invest Online
4 star
Aug-09 6.79 5.95 5.65 2.17 1,287
DSP Dynamic Asset Allocation Fund - Regular Plan  | Invest Online
5 star
Feb-14 6.45 5.40 7.05 2.19 1,238
Motilal Oswal Dynamic Fund - Regular Plan  | Invest Online
4 star
Sep-16 6.52 5.08 -- 2.24 1,062

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 5.50 9.15 0.02 0.03 0.50 -0.11
VR Balanced TRI 5.91 17.27 0.04 0.04 -- --
Hybrid: Dynamic Asset Allocation 3.42 11.94 -0.17 -0.16 0.63 -2.27
Rank within category 4 2 4 4 4 4
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 30-Jun-2020

Asset Allocation (%)

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Concentration & Valuation

Number of Stocks 36
Top 10 Holdings (%) 41.33
Top 5 Holdings (%) 24.31
Top 3 Sectors (%) 34.14
Portfolio P/B Ratio 3.07
Portfolio P/E Ratio 23.79

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 4.49
new 9.50% Export-Import Bank 2023 Bonds AAA 0.00 - 4.71 4.41
new 7.27% Nat. Highways Authority 2022 Debenture AAA 0.00 - 4.34 4.05
new 6.19% IRFC 28/04/2023 Debenture AAA 0.00 - 3.99 3.99
new 6.98% National Bank Agr. Rur. Devp 19/09/2022 Debenture AAA 0.00 - 2.58 2.43
equal ICICI Bank Fixed Deposits -- 0.00 - 0.85 0.77

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 Reliance Industries Energy 30.88 8.91 0.00 5.73
new Muthoot Finance Financial 13.87 5.05 0.00 5.05
down HDFC Bank Financial 22.35 7.45 2.08 4.63
down Kotak Mahindra Bank Financial 31.14 4.21 0.00 3.22
down Infosys Technology 19.88 6.47 0.00 3.06
equal ICICI Bank Financial 24.97 6.02 0.00 2.70
down Bharti Airtel Communication -- 3.48 0.00 2.54
equal Hindustan Unilever FMCG 76.03 3.95 0.00 2.41
down Torrent Pharmaceuticals Healthcare 38.68 3.33 0.00 2.31
down HDFC Life Insurance Financial -- 5.05 0.00 2.30
equal Shree Cement Construction 52.73 2.22 0.00 2.22
equal ITC FMCG 15.76 5.76 0.00 2.19
down Maruti Suzuki India Automobile 32.16 3.07 0.00 2.10
equal Cipla Healthcare 33.08 2.16 0.00 2.08
down ICICI Lombard General Insurance Company Financial 49.03 2.72 0.00 2.08
equal HDFC Asset Management Company Financial 43.12 2.16 0.00 2.08
equal Dr. Reddy's Lab Healthcare 31.89 2.69 0.00 1.98
equal Tata Consultancy Services Technology 25.73 7.72 0.85 1.97
down Avenue Supermarts Services 115.44 2.88 0.00 1.83
equal Zydus Wellness FMCG 55.15 1.80 0.00 1.79
equal Tata Steel Metals 25.85 1.64 0.00 1.64
down Mahanagar Gas Energy 12.54 3.59 0.00 1.56
new Grasim Industries Construction 9.04 2.25 0.00 1.48
down Sun Pharmaceutical Inds. Healthcare 30.84 6.31 0.00 1.38
equal Alkem Laboratories Healthcare 25.76 1.50 0.00 1.37

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 30-Jun-2020

*As on 31-May-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:


-0.42%

Change from previous, NAV as on 08-Jul-2020

Growth: ₹ 25.6530

Dividend: ₹ 16.6600


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: 10.52%
Benchmark: CRISIL Short-Term Bond (50), S&P BSE 200 TRI (50)
Riskometer: Moderately High
Type: Open-ended
Assets: ₹ 645 Cr (As on 30-Jun-2020)
Expense: 2.44% (As on 31-May-2020)
Risk Grade: Below Average
Return Grade: Above Average
Turnover: 428.15%

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend23-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
 23-May-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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