| Risk | Moderately High |
|---|---|
| Min SIP Amount | ₹500 |
| Expense Ratio | 1.20% |
| NAV | ₹18.89 (05 Aug 2020) |
|---|---|
| Fund Started | 01 Jan 2013 |
| Fund Size | ₹645 Cr |
| Name | Sector | Instrument | % Assets |
|---|---|---|---|
| Reliance Industries Ltd. | Energy | Equity | 5.7% |
| Muthoot Finance Ltd. | Financial | Equity | 5.0% |
| HDFC Bank Ltd. | Financial | Equity | 4.6% |
| HDFC Bank Ltd. | Financial | Fixed Deposits | 4.5% |
| Export-Import Bank Of India | Financial | Bonds | 4.4% |
| National Highways Authority of India Ltd. | Services | Debenture | 4.0% |
| Indian Railway Finance Corpn. Ltd. | Financial | Debenture | 4.0% |
| Kotak Mahindra Bank Ltd. | Financial | Equity | 3.2% |
| Infosys Ltd. | Technology | Equity | 3.1% |
| ICICI Bank Ltd. | Financial | Equity | 2.7% |
L&T Balanced Advantage Fund Direct Dividend 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 Dividend fund.The fund currently has an Asset Under Management(AUM) of ₹645 Cr and the Latest NAV as of 05 Aug 2020 is ₹18.89.
The L&T Balanced Advantage Fund Direct Dividend 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
To seek to generate long term capital appreciation from a diversified portfolio of equity and equity related securities and to generate reasonable returns by investing in a portfolio of debt and money market instruments and arbitrage opportunities in the cash and derivatives segments of the equity markets. There is no assurance that the objective of the Scheme will be realised and the Scheme does not assure or guarantee any returns.
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.