|Min SIP Amount||₹500|
|NAV||₹19.74 (13 Apr 2021)|
|Fund Started||01 Jan 2013|
|Fund Size||₹1,582 Cr|
|Bharti Airtel Ltd.||Communication||Equity||5.3%|
|L&T Liquid Plan Direct-Growth||Financial||Mutual Fund||5.1%|
|ICICI Bank Ltd.||Financial||Equity||4.7%|
|Adani Ports and Special Economic Zone Ltd.||Services||Equity||3.8%|
|Tata Steel Ltd.||Metals||Equity||3.3%|
|Reliance Industries Ltd.||Energy||Equity||2.9%|
|Bharat Petroleum Corpn. Ltd.||Energy||Equity||2.5%|
|State Bank of India||Financial||Equity||2.5%|
L&T Balanced Advantage Fund Direct IDCW is a Hybrid Mutual Fund Scheme launched by L&T Mutual Fund. This scheme was made available to investors on 01 Jan 2013. Soumendra Nath Lahiri, Jalpan Shah, Praveen Ayathan is the Current Fund Manager of L&T Balanced Advantage Fund Direct IDCW fund.The fund currently has an Asset Under Management(AUM) of ₹1,582 Cr and the Latest NAV as of 13 Apr 2021 is ₹19.74.
The L&T Balanced Advantage Fund Direct IDCW is rated Moderately High risk. Minimum SIP Investment is set to 500. Minimum Lumpsum Investment is 5000. Exit load of 1% if units in excess of 10% are redeemed or switched-out within 1 year
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.
Returns are taxed at 15%, if you redeem before one year. After 1 year, you are required to pay LTCG tax of 10% on returns of Rs 1 lakh+ in a financial year.