August 8, 2022
mayank
L&T Balanced Advantage Fund Guidance
NAV Growth : Rs 34.4410
NAV IDCW : Rs 19.8350
Suitable For Which Investors ?
When you invest for five years or more, you can expect gains that beat the inflation rate as well as returns from fixed income options. But be prepared for ups and downs in your investment value along the way.
Dynamic Asset Allocation or Balanced Advantage funds invest your money in equity shares and bonds though their proportions are not fixed. The fund management team may increase of decrease the allocation to equity shares depending upon their market outlook.
These funds tend to fall less than pure equity funds when the stock markets decline because of their debt allocation. This makes them suitable for conservative equity investors.
Like for all equity-linked investments, you must invest only through the SIP route.
Fund’s Investment Strategy :
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.
Fund Manager :
— Vihang Naik
Education : Mr. Naik is a CFA & BMS.
Experience : Prior to joining L&T Mutual Fund, he was associated with MF Global, Motilal Oswal Securities and SBICAP Securities.
— Cheenu Gupta
Education : Ms. Gupta is CFA Charter holder (USA), PGDBM (Finance) & B.E. (I.T)
Experience : Prior to joining L&T Mutual Fund, she has worked with Canara Robeco Mutual Fund, Tata AIA Life Insurance Company as Fund Manager, ING Investment Management as Senior Research Analyst and UTI AMC Ltd. as Research Analyst.
— Praveen Ayathan
Education : Mr. Praveen is a B.Sc (Mathematics).
Experience : Prior to joining L&T Investment Management Ltd he has worked with Kotak Mahindra AMC and Dalal & Broacha Stock Broking Pvt. Ltd.
— Jalpan Shah
Education : Mr. Shah is a B.E. (Mechanical) and holds a PGDM.
Experience : Prior to joining L&T Mutual Fund, he was associated with FIL Fund Management Private Limited (Dec 2007-Nov 2012), Lotus India Asset Management Company Private Limited (Sep 2007-Nov 2007) as a Research Analyst, UTI Asset Management Company Private Limited (July 2006-Aug 2007) as a Research Analyst and UTI Asset Management Company Private Limited(May 2004-June 2006) as a Sales & Marketing Manager.
Investment Details
| Min. Investment (Rs) | 5,000 |
| Min. Addl Investment (Rs) | 1,000 |
| Min. SIP Investment (Rs) | 500 |
| Min. No of Cheques | 6 |
| Min. Withdrawal (Rs) | 500 |
| Min. Balance (Rs) | 500 |
| Lock-in Period | Not Applicable |
| Exit Load | For units in excess of 10% of the investment, 1% will be charged for redemption within 365 days |
Basic Details
| Fund House: | L&T Mutual Fund |
| Launch Date: | 01-Jan-13 |
| Return Since Launch: | 11.54% |
| Benchmark: | NIFTY 50 Hybrid Composite debt 50:50 Index |
| Riskometer: | Moderately High |
| Type: | Open-ended |
| Assets: | Rs 1,879 Cr |
| (As on 30-Jun-2022) | |
| Expense Ratio: | 0.72% |
| (As on 30-Jun-2022) | |
| Risk Grade: | Below Average |
| Return Grade: | Average |
| Turnover: | 454.22% |
L&T Balanced Advantage Fund Guidance Trailing Returns (%)
| YTD | 1-Day | 1-W | 1-M | 3-M | 6-M | 1-Y | 3-Y | 5-Y | 7-Y | 10-Y | |
| L&T Balanced Advantage Direct-G | 0.68 | 0.08 | 0.94 | 4.25 | 2.54 | 0.99 | 3.31 | 10.3 | 8.42 | 6.93 | — |
| VR Balanced TRI | 1.11 | -0.02 | 2.43 | 8.76 | 4.5 | 0.35 | 7.59 | 15.72 | 11.78 | 11.21 | — |
| Hybrid: Dynamic Asset Allocation | 1.62 | 0.05 | 0.87 | 5.8 | 3.53 | 1.31 | 5.85 | 13.33 | 8.78 | 9.3 | — |
| Rank within category | 18 | 11 | 11 | 25 | 24 | 17 | 20 | 20 | 9 | — | — |
| Number of funds in category | 28 | 29 | 29 | 29 | 29 | 29 | 25 | 22 | 13 | 11 | 0 |
L&T Balanced Advantage Fund Guidance Peer Comparison
| Fund name | Rating | Launch Date | 1-Year Return | 3-Year Return | 5-Year Return | Expense Ratio | Assets (Cr) |
| L&T Balanced Advantage Fund | 3 star | Jan-13 | 3.31 | 10.3 | 8.42 | 0.72 | 1,879 |
| ICICI Prudential Balanced Advantage Fund | 4 star | Jan-13 | 8.7 | 14.2 | 10.68 | 0.95 | 40,064 |
| ICICI Prudential Asset Allocator Fund (FOF) | 4 star | Jan-13 | 7.76 | 14.84 | 11.39 | 0.13 | 16,031 |
| Kotak Balanced Advantage Fund | 4 star | Aug-18 | 5.64 | 13.36 | — | 0.49 | 13,494 |
| Edelweiss Balanced Advantage Fund | 5 star | Jan-13 | 4.74 | 17.78 | 11.99 | 0.47 | 7,964 |
Portfolio Analysis
| Number of Stocks | 79 |
| Top 10 Holdings (%) | 43.2 |
| Top 5 Holdings (%) | 31.05 |
| Top 3 Sectors (%) | 20.48 |
| Portfolio P/B Ratio | 2.56 |
| Portfolio P/E Ratio | 16.71 |
| Avg Credit Rating | GOI/Cash |
L&T Balanced Advantage Fund Guidance by Chanakya :
Do not invest in this, or any other balanced hybrid fund, if you need to redeem your investment in less than five years.
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