Fund Details
L&T Balanced Advantage Fund Growth
| Risk | Moderate |
|---|---|
| Min SIP Amount | ₹500 |
| Expense Ratio | 2.19% |
| NAV | ₹28.70 (22 Jan 2021) |
|---|---|
| Fund Started | 07 Feb 2011 |
| Fund Size | ₹1,055 Cr |
Returns
Comparison
1. 1Y Returns are higher than the category average returns
2. 3Y Returns are higher than the category average returns
1. Risk-adjusted returns are lower compared to the category
2. Risk is higher compared to the benchmark
3. Higher expense ratio
4. 1Y Returns are lower than the benchmark
5. 3Y Returns are lower than the benchmark
6. 5Y Returns are lower than the benchmark
7. Risk-adjusted returns are lower compared to the category
8. Higher expense ratio - 2.4%
9. 5Y Returns are lower than the category average returns
Top Holdings
| Name | Sector | Instrument | % Assets |
|---|---|---|---|
| L&T Liquid Plan Direct-Growth | Financial | Mutual Fund | 7.6% |
| ICICI Bank Ltd. | Financial | Equity | 5.3% |
| Adani Ports and Special Economic Zone Ltd. | Services | Equity | 5.2% |
| GOI | Sovereign | GOI Sec | 5.0% |
| Reliance Industries Ltd. | Energy | Equity | 4.9% |
| Bharti Airtel Ltd. | Communication | Equity | 4.8% |
| HDFC Bank Ltd. | Financial | Fixed Deposits | 4.4% |
| Export-Import Bank Of India | Financial | Bonds | 2.7% |
| National Highways Authority of India Ltd. | Services | Debenture | 2.6% |
| Indian Railway Finance Corpn. Ltd. | Financial | Debenture | 2.6% |
Fund Managers
L&T Balanced Advantage Fund Growth Details
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 ₹1,055 Cr and the Latest NAV as of 22 Jan 2021 is ₹28.70.
The L&T Balanced Advantage Fund 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.
