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3 star

L&T Balanced Advantage Fund - Direct Plan download report


1 Lakh

Investment Grown to
₹ 1.34 Lakh

₹ 10000

Monthly SIP Grown to
₹ 4.13 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
L&T Balanced Advantage Direct-G 1.23 0.07 0.55 4.12 5.78 1.98 3.94 10.20 8.73 7.26 --
VR Balanced TRI 2.81 0.19 1.61 9.23 11.26 2.63 8.76 16.01 12.81 11.73 --
Hybrid: Dynamic Asset Allocation 2.66 0.18 1.02 5.65 7.57 2.90 7.05 13.23 9.29 9.62 --
Rank within category 20 25 28 25 25 22 21 21 10 -- --
Number of funds in category 28 29 29 29 29 29 25 22 14 11 0

As on 12-Aug-2022

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 3.94 10.20 8.73 0.71 1,911
ICICI Prudential Balanced Advantage Fund - Direct Plan  | Invest Now
4 star
Jan-13 9.47 13.93 11.20 0.95 41,742
ICICI Prudential Asset Allocator Fund (FOF) - Direct Plan  | Invest Now
4 star
Jan-13 8.65 14.77 11.97 0.13 16,869
Kotak Balanced Advantage Fund - Direct Plan  | Invest Online
4 star
Aug-18 6.79 13.31 -- 0.49 14,157
Edelweiss Balanced Advantage Fund - Direct Plan  | Invest Online
5 star
Jan-13 6.32 17.34 12.86 0.47 8,458

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
L&T Balanced Advantage Direct-G 9.73 9.56 0.65 0.73 0.49 0.30
VR Balanced TRI 15.74 18.34 0.67 0.80 -- --
Hybrid: Dynamic Asset Allocation 12.76 12.47 0.76 0.94 0.62 1.64
Rank within category 21 4 16 15 4 18
Number of funds in category 22 22 22 22 22 22

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

As on 31-Jul-2022

Asset Allocation (%)

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Concentration & Valuation

Number of Stocks 76
Top 10 Holdings (%) 43.64
Top 5 Holdings (%) 30.96
Top 3 Sectors (%) 21.56
Portfolio P/B Ratio 2.72
Portfolio P/E Ratio 18.05
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 9.34 - 10.19 10.12
equal 6.18% GOI 2024 GOI Securities SOV 7.50 - 9.29 9.21
equal 5.15% GOI 2025 GOI Securities SOV 3.50 - 3.80 3.78
equal HDFC Bank 17/08/2022 Certificate of Deposit A1+ 2.28 - 2.64 2.61
equal 5.63% GOI 2026 GOI Securities SOV 0.00 - 2.57 2.55
equal 9.50% Export-Import Bank 2023 Bonds AAA 1.28 - 1.47 1.44
equal 6.59% Indian Railway Finance Corporation 14/04/2023 Debenture AAA 0.00 - 1.39 1.38
equal 6.98% National Bank Agr. Rur. Devp 19/09/2022 Debenture AAA 0.73 - 0.84 0.83

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 State Bank of India Financial 13.41 4.60 0.00 4.18
equal Reliance Industries Energy 26.83 7.09 0.64 3.67
down Sun Pharmaceutical Industries Healthcare 56.35 3.20 0.00 2.66
equal DLF Construction 56.52 3.94 0.00 2.56
equal Infosys Technology 30.12 6.47 0.97 2.30
equal ICICI Bank Financial 21.95 7.80 1.51 2.13
equal HDFC Bank Financial 20.78 7.45 1.13 1.74
equal Tata Consultancy Services Technology 32.06 7.72 0.80 1.65
equal CRISIL Services 44.07 1.69 0.00 1.54
equal Axis Bank Financial 14.47 4.69 0.00 1.52
equal Hero Motocorp Automobile 20.81 1.54 0.00 1.49
down United Spirits Consumer Staples 55.13 1.67 0.00 1.47
down Ultratech Cement Materials 26.24 2.02 0.00 1.24
equal Tata Motors Automobile -- 2.83 0.00 1.24
down Hindustan Unilever Consumer Staples 66.55 3.95 0.00 1.23
down ITC Consumer Staples 23.35 5.76 0.78 1.21
equal UPL Chemicals 15.48 2.08 0.00 1.15
up Tata Steel Metals & Mining 3.53 4.94 0.00 1.15
equal Shree Cement Materials 38.57 2.22 0.00 1.14
equal Ambuja Cements Materials 32.23 1.07 0.00 1.07
down Maruti Suzuki India Automobile 59.18 3.07 0.00 1.05
equal Avenue Supermarts Services 137.66 2.88 0.00 1.02
equal Zydus Wellness Consumer Staples 32.43 2.17 0.00 0.99
equal Bharti Airtel Communication 75.69 5.57 0.60 0.98
equal Abbott India Healthcare 49.31 1.05 0.00 0.95

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-2022

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:


0.07%

Change from previous, NAV as on 12-Aug-2022

Growth: ₹ 34.6320

IDCW: ₹ 19.9460


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

Min. Investment (₹) 5,000
Min. Addl Investment (₹) 1,000
Min. SIP Investment (₹) 500
Min. No of Cheques 6
Min. Withdrawal (₹) 500
Min. 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: 11.58%
Benchmark: NIFTY 50 Hybrid Composite debt 50:50 Index
Riskometer: Moderately High
Type: Open-ended
Assets: ₹ 1,911 Cr (As on 31-Jul-2022)
Expense Ratio: 0.71% (As on 31-Jul-2022)
Risk Grade: Below Average
Return Grade: Average
Turnover: 439.37%

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW22-Jul-20220.1000

 23-Jun-20220.1000
 23-May-20220.1000
 25-Apr-20220.1000
 22-Mar-20220.1000
 23-Feb-20220.1000
 24-Jan-20220.1000
 23-Dec-20210.1000
 23-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

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

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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