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3 star

L&T Balanced Advantage Fund - Direct Plan


1 Lakh

Investment Grown to
₹ 1.37 Lakh

₹ 10000

Monthly SIP Grown to
₹ 4.30 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: 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 8.80 -0.69 -0.74 -1.90 -0.14 4.80 11.16 11.04 9.91 8.06 --
VR Balanced TRI 19.48 -1.45 -0.71 -4.42 -2.03 7.79 24.91 16.40 15.25 10.88 --
Hybrid: Dynamic Asset Allocation 15.22 -0.67 -0.18 -1.84 0.28 6.60 18.04 12.69 10.72 9.43 --
Rank within category 23 18 29 18 15 20 23 14 9 -- --
Number of funds in category 25 29 29 28 26 26 25 18 12 10 0

As on 06-Dec-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 - Direct Plan  | Invest Online
3 star
Jan-13 11.16 11.04 9.91 0.69% 2,120
ICICI Prudential Balanced Advantage Fund - Direct Plan  | Invest Now
4 star
Jan-13 16.83 13.67 12.32 1.00% 36,816
Kotak Balanced Advantage Fund - Direct Plan  | Invest Online
5 star
Aug-18 16.10 14.43 -- 0.45% 11,813
Edelweiss Balanced Advantage Fund - Direct Plan  | Invest Online
5 star
Jan-13 22.37 17.91 15.54 0.45% 6,331
Aditya Birla Sun Life Balanced Advantage Fund - Direct Plan  | Invest Online
4 star
Jan-13 16.56 13.87 11.67 0.59% 6,281

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 6.91 01-Apr-2020 - 09-Apr-2020 -9.70 16-Mar-2020 - 23-Mar-2020
Month 15.37 07-May-2014 - 06-Jun-2014 -18.52 20-Feb-2020 - 23-Mar-2020
Quarter 24.11 07-Apr-2014 - 07-Jul-2014 -18.19 23-Dec-2019 - 23-Mar-2020
Year 66.42 03-Mar-2014 - 03-Mar-2015 -12.58 22-Mar-2019 - 23-Mar-2020

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 10.90 9.31 0.76 0.84 0.48 1.04
VR Balanced TRI 16.35 17.90 0.70 0.83 -- --
Hybrid: Dynamic Asset Allocation 12.60 12.26 0.72 0.80 0.63 0.95
Rank within category 15 3 7 5 4 10
Number of funds in category 19 19 19 19 19 19

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

As on 30-Nov-2021

Asset Allocation (%)

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Concentration & Valuation

Number of Stocks 63
Top 10 Holdings (%) 45.45
Top 5 Holdings (%) 30.22
Top 3 Sectors (%) 14.69
Portfolio P/B Ratio 3.41
Portfolio P/E Ratio 22.12
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
equal 5.22% GOI 15/06/2025 GOI Securities SOV 0.00 - 10.11 9.56
equal 6.18% GOI 2024 GOI Securities SOV 4.45 - 10.00 7.50
equal 5.15% GOI 2025 GOI Securities SOV 0.00 - 3.78 3.58
new 5.63% GOI 2026 GOI Securities SOV 0.00 - 2.35 2.35
equal HDFC Bank 17/08/2022 Certificate of Deposit A1+ 0.00 - 2.41 2.28
equal 9.50% Export-Import Bank 2023 Bonds AAA 1.39 - 3.22 1.39
equal 6.19% Indian Railway Finance Corporation 28/04/2023 Debenture AAA 1.24 - 2.81 1.24
equal 7.27% Nat. Highways Authority 2022 Debenture AAA 1.23 - 2.83 1.23
equal 6.98% National Bank Agr. Rur. Devp 19/09/2022 Debenture AAA 0.73 - 1.67 0.73

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 24.03 7.80 2.61 5.73
down Reliance Industries Energy 30.82 8.91 0.64 3.85
up State Bank of India Financial 14.85 4.31 0.00 3.47
down Tata Steel Metals 4.51 4.94 0.00 3.39
equal Kotak Mahindra Bank Financial 38.49 4.21 0.00 2.94
down DLF Construction 58.78 3.94 0.00 2.85
down Vedanta Metals 6.89 3.05 0.00 2.58
up Tata Consultancy Services Technology 36.25 7.72 0.80 2.43
down Sun Pharmaceutical Industries Healthcare 28.85 6.31 0.00 2.39
new Ultratech Cement Construction 33.04 1.83 0.00 1.83
up Shree Cement Construction 35.51 2.22 0.00 1.59
down UPL Chemicals 17.52 2.08 0.00 1.48
up ITC FMCG 19.05 5.76 0.00 1.43
up Larsen & Toubro Construction 28.85 7.18 0.40 1.29
equal Heritage Foods FMCG 17.28 1.21 0.00 1.18
equal Cipla Healthcare 27.73 2.22 0.00 1.18
up Hindustan Unilever FMCG 64.96 3.95 0.00 1.17
down HDFC Bank Financial 24.70 7.45 1.14 1.15
down Infosys Technology 34.47 6.47 0.97 1.10
equal Tata Motors Automobile -- 2.83 0.00 1.10
equal Bharti Airtel Communication 135.72 5.57 0.51 1.08
equal Zydus Wellness FMCG 43.06 2.17 0.00 1.06
down Mphasis Technology 43.23 1.43 0.78 1.01
equal CRISIL Services 54.04 1.07 0.00 0.99
equal Avenue Supermarts Services 219.74 2.88 0.00 0.96

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-Oct-2021

Fund Manager

— Vihang Naik since 17-Dec-2019

Education: Mr. Naik is a CFA & BMS.

Experience: Prior to joining L&T Mutual Fund, he was associated with MF Global, Motilal Oswal Securities and SBICAP Securities.

Funds Managed:

— Cheenu Gupta since 02-Jul-2021

Education: Ms. Gupta is CFA Charter holder (USA), PGDBM (Finance) & B.E. (I.T)

Experience: Prior to joining L&T Mutual Fund, she has worked with Canara Robeco Mutual Fund, Tata AIA Life Insurance Company as Fund Manager, ING Investment Management as Senior Research Analyst and UTI AMC Ltd. 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:

— Jalpan Shah since 30-May-2016

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

Experience: Prior to joining L&T Mutual Fund, 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.

Interviews:

Funds Managed:


-0.69%

Change from previous, NAV as on 06-Dec-2021

Growth: ₹ 33.8850

IDCW: ₹ 20.3220


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
Lock-in Period Not Applicable
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: 01-Jan-2013
Return Since Launch: 12.24%
Benchmark: NIFTY 50 Hybrid Composite debt 50:50 Index
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 2,120 Cr (As on 31-Oct-2021)
Expense: 0.69% (As on 31-Oct-2021)
Risk Grade: Below Average
Return Grade: Below Average
Turnover: 570.54%

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW23-Nov-20210.1000

 22-Oct-20210.1000
 23-Sep-20210.1000
 23-Aug-20210.1000
 23-Jul-20210.1100
 23-Jun-20210.1100
 24-May-20210.1100
 23-Apr-20210.1100
 23-Mar-20210.1100
 23-Feb-20210.1200
 22-Jan-20210.1200
 23-Dec-20200.1200
 25-Nov-20200.1200
 23-Oct-20200.1200
 23-Sep-20200.1200
 24-Aug-20200.1100
 23-Jul-20200.1100
 23-Jun-20200.1100
 26-May-20200.1100
 23-Apr-20200.1100
 24-Feb-20200.1062
 23-Jan-20200.1062
 23-Dec-20190.1062
 22-Nov-20190.1062
 23-Oct-20190.1062

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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