|Min SIP Amount||₹500|
|NAV||₹33.04 (23 Jul 2021)|
|Fund Started||01 Jan 2013|
|Fund Size||₹1,844 Cr|
|Reliance Industries Ltd.||Energy||Equity||7.1%|
|ICICI Bank Ltd.||Financial||Equity||4.9%|
|Bharti Airtel Ltd.||Communication||Equity||4.4%|
|Tata Steel Ltd.||Metals||Equity||3.7%|
|Kotak Mahindra Bank Ltd.||Financial||Equity||2.8%|
|State Bank of India||Financial||Equity||2.3%|
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
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.