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L&T Arbitrage Opportunities Fund - Regular Plan


1 Lakh

Investment Grown to
₹ 1.19 Lakh

₹ 10000

Monthly SIP Grown to
₹ 3.93 Lakh

Analyst's Choice?

Suitability:

Arbitrage funds invest in equity shares and derivatives and earn their returns through price differential between a stock and its futures. By investing in these funds, you can expect to earn better returns than what you would get from a bank account.

Arbitrage funds keep their equity investments fully hedged, which basically means that their returns are not impacted by the day-to-day ups and downs of the stock market. The risk of incurring a loss in these funds is low but they do not guarantee returns or safety of capital.

Retail investors can avoid these funds altogether. We believe that liquid funds are a better alternative with a somewhat similar risk-return payoff but better liquidity.

Taxability of earnings:

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 0.88 0.10 0.11 0.54 1.37 2.72 6.20 6.04 6.33 -- --
CCIL T Bill Liquidity Weight 0.55 0.04 0.10 0.36 0.91 1.88 4.15 4.15 4.46 -- --
Hybrid: Arbitrage 0.86 0.06 0.07 0.53 1.22 2.50 5.91 5.75 6.27 -- --
Rank within category 12 2 2 13 3 2 11 6 5 -- --
Number of funds in category 24 25 25 24 24 23 22 17 15 10 9

As on 20-Feb-2020

Best & Worst Performance

Best (Period) Worst (Period)
Week 0.77 (17-May-2017 - 24-May-2017) -0.42 (24-May-2017 - 31-May-2017)
Month 1.39 (24-Apr-2017 - 24-May-2017) -0.06 (24-May-2017 - 23-Jun-2017)
Quarter 2.53 (16-Mar-2015 - 15-Jun-2015) 0.87 (24-May-2017 - 23-Aug-2017)
Year 8.54 (30-Jun-2014 - 30-Jun-2015) 5.46 (24-May-2017 - 24-May-2018)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 5.91 0.54 0.45 0.97 0.11 0.43
CCIL T Bill Liquidity Weight 4.06 0.27 -6.06 -10.48 -- --
Hybrid: Arbitrage 5.63 0.69 0.22 0.48 0.55 0.84
Rank within category 6 9 7 5 2 16
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-Jan-2020

Asset Allocation (%)

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Concentration & Valuation

Number of Stocks 82
Top 10 Holdings (%) 47.57
Top 5 Holdings (%) 31.16
Top 3 Sectors (%) 0.01
Portfolio P/B Ratio 2.12
Portfolio P/E Ratio 19.10

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 ICICI Bank Fixed Deposits -- 0.00 - 9.76 9.76
equal HDFC Bank Fixed Deposits -- 0.00 - 15.92 5.56
equal Tata Power 88-D 06/03/2020 Commercial Paper A1+ 0.00 - 3.10 3.04
equal Vedanta 91-D 13/03/2020 Commercial Paper A1+ 0.00 - 3.09 3.04
new JSW Steel 87-D 03/04/2020 Commercial Paper A1+ 0.00 - 3.02 3.02

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 Indusind Bank Financial 18.20 6.91 0.00 6.91
down Grasim Industries Construction 12.18 6.60 0.00 5.08
down Adani Ports and Special Economic Zone Services 15.97 6.65 0.00 3.84
up Adani Enterprises Services 20.82 4.46 0.00 3.64
up ICICI Bank Financial 37.30 5.88 0.00 3.33
down HDFC Bank Financial 25.38 6.12 0.00 3.29
down ITC FMCG 17.01 9.03 0.00 3.11
up State Bank of India Financial 24.90 3.93 0.00 3.03
down Larsen & Toubro Construction 18.40 3.33 0.00 2.51
new Muthoot Finance Financial 12.90 2.35 0.00 2.35
up Equitas Holdings Financial 16.81 2.14 0.00 2.14
new Tata Consultancy Services Technology 24.96 4.99 0.00 1.90
down Reliance Industries Energy 21.71 8.25 0.00 1.77
up Bajaj Auto Automobile 16.84 1.57 0.00 1.57
down Container Corp. Services 73.85 3.76 0.00 1.35
new Kotak Mahindra Bank Financial 36.96 2.14 0.00 1.21
up Bharti Airtel Communication -- 5.50 0.00 1.08
new Lupin Healthcare -- 1.06 0.00 1.06
up Ambuja Cements Construction 16.49 4.86 0.00 0.84
down GAIL Energy 8.66 2.19 0.00 0.76
up HDFC Financial 18.80 9.09 0.00 0.76
new Cholamandalam Invest. & Fin. Financial 20.54 0.75 0.00 0.75
up Colgate-Palmolive FMCG 45.15 0.73 0.00 0.73
down Maruti Suzuki India Automobile 33.00 2.58 0.00 0.69
up Voltas Cons Durable 48.17 0.69 0.00 0.69

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-Jan-2020

*As on 31-Dec-2019

Fund Manager

— Praveen Ayathan since 26-Jun-2014

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 26-Jun-2014

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 24-Jan-2019

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:


0.10%

Change from previous, NAV as on 20-Feb-2020

Growth: ₹ 14.2940

Dividend Quarterly: ₹ 10.6940

Dividend Monthly: ₹ 10.1780


Investment Strategy

The scheme seeks to generate reasonable returns by predominantly investing in arbitrage opportunities in the cash and derivatives segments of the equity markets and by investing balance in debt and money market instruments.

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 0.5% for redemption within 30 days

Basic Details

Fund House: L&T Mutual Fund
Launch Date: 30-Jun-2014
Return Since Launch: 6.53%
Benchmark: NIFTY 50 Arbitrage
Riskometer: Moderately Low
Type: Open-ended
Assets: ₹ 818 Cr (As on 31-Jan-2020)
Expense: 0.96% (As on 31-Jan-2020)
Risk Grade: Average
Return Grade: Above Average
Turnover: 1,767.13%

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Monthly31-Jan-20200.0443

 27-Dec-20190.0443
 29-Nov-20190.0443
 01-Nov-20190.0443
 27-Sep-20190.0443
 30-Aug-20190.0443
 26-Jul-20190.0531
 28-Jun-20190.0531
 31-May-20190.0443
 01-Mar-20190.0531
 01-Feb-20190.0620
 30-Nov-20180.0443
 26-Oct-20180.0443
 28-Sep-20180.0443
 31-Aug-20180.0354
 27-Jul-20180.0443
 29-Jun-20180.0443
 01-Jun-20180.0443
 27-Apr-20180.0443
 27-Mar-20180.0500
 23-Feb-20180.0500
 29-Jan-20180.0500
 29-Dec-20170.0500
 01-Dec-20170.0500
 27-Oct-20170.0500
Dividend Quarterly27-Dec-20190.1328

 24-Sep-20190.1328
 24-Jun-20190.1328
 22-Mar-20190.1328
 27-Dec-20180.1328
 27-Sep-20180.1328
 22-Jun-20180.1328
 23-Mar-20180.1500
 22-Dec-20170.1500
 20-Sep-20170.1500
 21-Jun-20170.1500
 28-Dec-20160.1500
 29-Jun-20160.1500
 23-Mar-20160.2000
 30-Dec-20150.1800
 29-Sep-20150.1800
 29-Jun-20150.1800
 26-Mar-20150.1800
 29-Dec-20140.1800

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: 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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dateFriday, 28-Feb-2020
time12:30 PM - 01:00 PM