Fund Details
L&T Balanced Advantage Fund Direct IDCW
| Risk | Moderately High |
|---|---|
| Min SIP Amount | ₹500 |
| Expense Ratio | 0.83% |
| NAV | ₹19.74 (13 Apr 2021) |
|---|---|
| Fund Started | 01 Jan 2013 |
| Fund Size | ₹1,582 Cr |
Returns
Comparison
1. 3Y Returns are higher than the category average returns
Found nothing so far.
Top Holdings
| Name | Sector | Instrument | % Assets |
|---|---|---|---|
| GOI | Sovereign | GOI Sec | 10.0% |
| 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% |
| GOI | Sovereign | GOI Sec | 3.2% |
| Reliance Industries Ltd. | Energy | Equity | 2.9% |
| Bharat Petroleum Corpn. Ltd. | Energy | Equity | 2.5% |
| State Bank of India | Financial | Equity | 2.5% |
Fund Managers
L&T Balanced Advantage Fund Direct IDCW Details
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
Investment Objective
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.
Tax Implications
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.
