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3 star

L&T Arbitrage Opportunities Fund - Regular Plan


Hybrid: Arbitrage

1 Lakh

Investment Grown to
₹ 1.19 Lakh

₹ 10000

Monthly SIP Grown to
₹ 3.92 Lakh

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 2.94 0.09 -0.04 0.29 1.14 2.70 5.77 6.03 6.08 -- --
CCIL T Bill Liquidity Weight 2.02 0.02 0.05 0.25 0.87 1.95 4.02 4.18 4.33 -- --
Hybrid: Arbitrage 2.41 0.11 -0.06 0.22 0.79 2.18 5.06 5.62 5.94 -- --
Rank within category 4 23 9 6 3 4 3 5 4 -- --
Number of funds in category 24 26 26 25 25 24 23 17 15 10 9

As on 03-Jul-2020

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
L&T Arbitrage Opportunities Fund - Regular Plan  | Invest Online
3 star
Jun-14 5.77 6.03 6.08 0.96 763
Kotak Equity Arbitrage Fund Regular Plan  | Invest Online
5 star
Sep-05 5.51 6.06 6.13 0.98 14,663
Nippon India Arbitrage Fund  | Invest Online
5 star
Oct-10 5.54 6.18 6.15 1.02 7,944
Aditya Birla Sun Life Arbitrage Fund  | Invest Online
4 star
Jul-09 5.52 5.93 5.97 0.90 4,182
Edelweiss Arbitrage Fund - Regular Plan  | Invest Online
5 star
Jun-14 5.78 6.10 6.18 1.09 3,569

Best & Worst Performance

Best (Period) Worst (Period)
Week 0.77 (17-May-2017 - 24-May-2017) -0.54 (29-May-2020 - 05-Jun-2020)
Month 1.39 (24-Apr-2017 - 24-May-2017) -0.19 (29-May-2020 - 29-Jun-2020)
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 5.92 0.68 0.90 1.31 0.28 0.95
CCIL T Bill Liquidity Weight 4.07 0.28 -4.34 -7.86 -- --
Hybrid: Arbitrage 5.52 0.84 0.51 0.74 0.48 0.81
Rank within category 4 8 5 3 3 9
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 30-Jun-2020

Asset Allocation (%)

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Concentration & Valuation

Number of Stocks 92
Top 10 Holdings (%) 54.86
Top 5 Holdings (%) 40.44
Top 3 Sectors (%) 0.32
Portfolio P/B Ratio 1.20
Portfolio P/E Ratio 9.75

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 - 15.92 11.91
equal ICICI Bank Fixed Deposits -- 0.00 - 15.84 10.40

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 Hindustan Unilever FMCG 75.58 6.90 0.00 6.90
up ICICI Bank Financial 24.44 6.62 0.00 6.62
up Vedanta Metals -- 4.61 0.00 4.61
up Bharti Airtel Communication -- 5.68 0.00 4.23
up HDFC Financial 15.26 9.09 0.00 3.25
up Dr. Reddy's Lab Healthcare 32.17 2.83 0.00 2.68
up Power Finance Corp. Financial 3.12 3.07 0.00 2.14
up NMDC Metals 7.07 4.39 0.00 2.12
down Infosys Technology 19.57 7.87 0.00 1.88
up Tata Motors Automobile -- 3.44 0.00 1.86
up Adani Ports and Special Economic Zone Services 19.46 6.65 0.00 1.75
up Federal Bank Financial 6.72 4.47 0.00 1.70
up Coal India Energy 4.98 1.43 0.00 1.43
new M&M Financial Services Financial 10.49 2.04 0.00 1.40
up Manappuram Finance Financial 9.28 1.34 0.00 1.28
new Colgate-Palmolive FMCG 46.04 1.24 0.00 1.24
new Havells India Engineering 49.36 1.67 0.00 1.24
up REC Financial 4.30 2.11 0.00 1.17
new SRF Diversified 20.57 1.11 0.00 1.11
down Wipro Technology 13.21 1.91 0.00 1.04
down Cipla Healthcare 33.31 2.29 0.00 1.01
up Divi's Laboratories Healthcare 42.24 0.98 0.00 0.98
new Axis Bank Financial 65.25 4.88 0.00 0.93
up Exide Industries Engineering 16.78 1.12 0.00 0.86
up Canara Bank Financial -- 1.35 0.00 0.85

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-May-2020

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:


0.09%

Change from previous, NAV as on 03-Jul-2020

Growth: ₹ 14.5860

Dividend Quarterly: ₹ 10.6090

Dividend Monthly: ₹ 10.1550


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: 6.48%
Benchmark: NIFTY 50 Arbitrage
Riskometer: Moderately Low
Type: Open-ended
Assets: ₹ 763 Cr (As on 31-May-2020)
Expense: 0.96% (As on 31-May-2020)
Risk Grade: Average
Return Grade: Above Average
Turnover: 1,936.58%

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Monthly26-Jun-20200.0300

 29-May-20200.0500
 04-May-20200.0500
 27-Mar-20200.0443
 28-Feb-20200.0443
 31-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
Dividend Quarterly25-Jun-20200.1500

 20-Mar-20200.1328
 27-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: 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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dateSaturday, 04-Jul-2020
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