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L&T Balanced Advantage Fund Direct Growth+0.12%

16.37%
1 Year Return
Hybrid
Dynamic Asset Allocation
3.0star
6M
1Y
3Y
5Y
All

Fund Details

L&T Balanced Advantage Fund Direct Growth

RiskModerate
Min SIP Amount₹500
Expense Ratio0.70%
NAV₹33.04 (23 Jul 2021)
Fund Started01 Jan 2013
Fund Size1,844 Cr

Returns

1Y
3Y*
5Y*
Since inception*
Fund Returns
16.4%
9.8%
9.7%
12.4%
Category Average
24.8%
9.3%
9.1%
-
Rank Within Category
21
9
7
-
*All returns are annualized.
SIP
ONE TIME
Minimum SIP amount500
Amount Per Month₹5,000
Duration
1Y back
3Y back
5Y back
Would have become
0
with 16.4% returns per annum

Comparison

Data not available
Pros
1. 3Y Returns are higher than the category average returns
2. 5Y Returns are higher than the category average returns
Cons
1. 1Y Returns are lower than the category average returns

Top Holdings

NameSectorInstrument% Assets
GOISovereignGOI Sec9.4%
GOISovereignGOI Sec8.4%
Reliance Industries Ltd.EnergyEquity7.1%
ICICI Bank Ltd.FinancialEquity4.9%
Bharti Airtel Ltd.CommunicationEquity4.4%
Tata Steel Ltd.MetalsEquity3.7%
Kotak Mahindra Bank Ltd.FinancialEquity2.8%
Vedanta Ltd.MetalsEquity2.7%
State Bank of IndiaFinancialEquity2.3%
UPL Ltd.ChemicalsEquity1.9%
See All

Fund Managers

Venugopal Manghat
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Soumendra Nath Lahiri
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Jalpan Shah
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Vihang Naik
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Cheenu Gupta
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L&T Balanced Advantage Fund Direct Growth Details

L&T Balanced Advantage Fund Direct Growth 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 Growth fund.The fund currently has an Asset Under Management(AUM) of ₹1,844 Cr and the Latest NAV as of 23 Jul 2021 is ₹33.04.

The L&T Balanced Advantage Fund Direct Growth is rated Moderate 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.

Scheme Information Document(SID)

₹5000
Min for First Investment
₹1000
Min for Second Investment
Exit load of 1% if units in excess of 10% are redeemed or switched-out within 1 year
Exit Load

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About L&T Mutual Fund

Address
6th Floor, Brindavan, Plot No 177, CST Road, Kalina, Santacruz (E), Mumbai 400098
Phone
022-66554000
Launch Date
03 Jan 1997
Website
NA
L&T Mutual Fund
Asset Management Company
Custodian
Citibank NA
Registrar & Transfer Agent
Cams
Address
7th Floor, Tower II, Rayala Towers, 158, Anna Salai,
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