| Risk | Moderately High |
|---|---|
| Min SIP Amount | ₹500 |
| Expense Ratio | 2.40% |
| NAV | ₹27.25 (27 Oct 2020) |
|---|---|
| Fund Started | 07 Feb 2011 |
| Fund Size | ₹764 Cr |
| Name | Sector | Instrument | % Assets |
|---|---|---|---|
| HDFC Bank Ltd. | Financial | Fixed Deposits | 6.0% |
| ICICI Bank Ltd. | Financial | Equity | 5.2% |
| Reliance Industries Ltd. | Energy | Equity | 4.7% |
| Export-Import Bank Of India | Financial | Bonds | 3.9% |
| Bharti Airtel Ltd. | Communication | Equity | 3.7% |
| National Highways Authority of India Ltd. | Services | Debenture | 3.5% |
| Indian Railway Finance Corpn. Ltd. | Financial | Debenture | 3.5% |
| ITC Ltd. | FMCG | Equity | 3.0% |
| Tata Motors Ltd. | Automobile | Equity | 2.7% |
| Infosys Ltd. | Technology | Equity | 2.4% |
L&T Balanced Advantage Fund Growth is a Hybrid Mutual Fund Scheme launched by L&T Mutual Fund. This scheme was made available to investors on 07 Feb 2011. Soumendra Nath Lahiri, Jalpan Shah, Praveen Ayathan is the Current Fund Manager of L&T Balanced Advantage Fund Growth fund.The fund currently has an Asset Under Management(AUM) of ₹764 Cr and the Latest NAV as of 27 Oct 2020 is ₹27.25.
The L&T Balanced Advantage Fund Growth 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.