L&T Arbitrage Opportunities Fund - Direct Plan - Growth

Regular

Regular and Direct options of the funds are exactly same except commission to your mutual fund broker/distributor. As an investor you do not need to pay any additional fees to purchase any of these options. However both have different expense ratios. Regular funds have higher expense ratio and direct funds have lower expense ratio. This difference is because of commission paid to broker/distributor. Lower expense ratio leads to higher returns for investors.
Direct

Regular and Direct options of the funds are exactly same except commission to your mutual fund broker/distributor. As an investor you do not need to pay any additional fees to purchase any of these options. However both have different expense ratios. Regular funds have higher expense ratio and direct funds have lower expense ratio. This difference is because of commission paid to broker/distributor. Lower expense ratio leads to higher returns for investors.

Category : Arbitrage Fund

Fund House : L&T Mutual Fund

NAV

This number shows latest NAV (Net Asset Value) and change in the NAV from previous day. NAV is nothing but the unit price for the fund. You will be allocated number of units based on this price. NAV is declared once each day generally at the end of the day. Once you invest in mutual funds, your money is further invested in stocks and bonds by mutual fund managers. Mutual Fund NAV is the per unit latest value of all such stocks/bonds held in the portfolio

: ₹ 15.518 0.05%
(as on 05th March, 2021)

Crisil Rank

Very good performance among peers

Fund Size

: ₹ 3045.87 Cr

(3.88% of Investment in Category)

Expense Ratio

: 0.29%

(0.37% Category average)

Risk-O-Meter

Low to Moderate

Arbitrage Fund :Arbitrage Fund : Fund has 65.68% investment in indian stocks of which 55.31% is in large cap stocks, 8.19% is in mid cap stocks, 0.52% in small cap stocks.Fund has 6.35% investment in Debt of which 2.26% in Government securities, 4.09% in funds invested in very low risk securities..

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This Scheme

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Nifty 50

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NA
0.3%

0.95%

1.79%

3.69%

5.14%

6.07%

5.85%

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Gold

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Returns Calculator
SIP Calculator
VIP (Value Avg)

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Returns (NAV as on 05th March, 2021)

Period Invested for	₹10000 Invested on	Latest Value	Absolute Returns	Annualised Returns	Category Avg	Rank within Category
1 Week	26-Feb-21	10007.10	0.07%	-	0.08%	19/28
1 Month	05-Feb-21	10034.90	0.35%	-	0.30%	9/28
3 Month	04-Dec-20	10106.80	1.07%	-	0.95%	7/28
6 Month	04-Sep-20	10203.80	2.04%	-	1.79%	6/28
YTD	01-Jan-21	10070.70	0.71%	-	0.54%	4/28
1 Year	05-Mar-20	10463.90	4.64%	4.64%	3.69%	2/26
2 Year	05-Mar-19	11185.80	11.86%	5.75%	5.14%	4/24
3 Year	05-Mar-18	11893.00	18.93%	5.94%	5.51%	4/19
5 Year	04-Mar-16	13568.20	35.68%	6.29%	6.07%	4/16
Since Inception	30-Jun-14	15518.00	55.18%	6.79%	5.85%	10/28

Returns Calculator Detailed Returns Analysis

SIP Returns (NAV as on 05th March, 2021)

Period Invested for	₹1000 SIP Started on	Investments	Latest Value	Absolute Returns	Annualised Returns
1 Year	05-Mar-20	12000	12275.37	2.29 %	4.3 %
2 Year	05-Mar-19	24000	25276.42	5.32 %	5.07 %
3 Year	05-Mar-18	36000	39146.87	8.74 %	5.52 %
5 Year	04-Mar-16	60000	69754.67	16.26 %	5.96 %

SIP Calculator Detailed Returns Analysis

Tax Treatment

Portfolio (Updated on 31st Jan,2021)

Portfolio Turnover Ratio : 1859.36% | Category average turnover ratio is 1376.25%

Fund manager updated portfolio more frequently than peers in last 1 year. (I.e. fund manager held stocks/bonds in the portfolio for shorter duration than peers)

Equity Holding : 65.68% | F&O Holdings : 0.00%| Foreign Equity Holdings : 0.00%| Total : 65.68%

No of Stocks : 113 (Category Avg - 76.93) | Large Cap Investments : 55.31%| Mid Cap Investments : 8.19% | Small Cap Investments : 0.52% | Other : 1.66%

Top 10 Stocks in Portfolio

How to read this table?

Stock Invested in	Sector	Value(Mn)	% of Total Holdings	1M Change	1Y Highest Holding	1Y Lowest Holding	Quantity	1M Change in Qty
Housing Development Finance Corporation Ltd.	Housing finance	1698.5	5.58%	2.58%	6.69% (Mar 2020)	1.17% (Feb 2020)	7.14 L	3.93 L
ICICI Bank Ltd.	Banks	1634	5.36%	3.13%	6.62% (May 2020)	0.24% (Apr 2020)	30.43 L	19.04 L
Bharti Airtel Ltd.	Telecom - services	1412.1	4.64%	0.92%	6.2% (Sep 2020)	0% (Feb 2020)	25.51 L	5.52 L
Reliance Industries Ltd.	Refineries/marketing	1148	3.77%	-2.04%	7.04% (Oct 2020)	0% (Feb 2020)	6.23 L	-1.78 L
Adani Ports And Special Economic Zone Ltd.	Port	885.6	2.91%	-0.92%	4.73% (Nov 2020)	0.05% (Oct 2020)	17.38 L	-4.30 L
Maruti Suzuki India Ltd.	Passenger/utility vehicles	655.8	2.15%	-0.83%	4.73% (Nov 2020)	0% (Feb 2020)	91.00 k	-0.16 L
Sun Pharmaceutical Industries Ltd.	Pharmaceuticals	607.3	1.99%	-0.33%	2.54% (Oct 2020)	0% (Feb 2020)	10.36 L	-0.36 L
Divis Laboratories Ltd.	Pharmaceuticals	577.6	1.90%	1.05%	1.9% (Jan 2021)	0% (Feb 2020)	1.71 L	1.11 L
ITC Limited	Cigarettes	547	1.80%	0.79%	7.83% (Feb 2020)	0% (Feb 2020)	26.91 L	13.66 L
Tata Steel Ltd.	Steel	493.5	1.62%	-0.31%	1.93% (Dec 2020)	0% (Feb 2020)	8.21 L	0.00

- indicates change in weight in the portfolio. # indicates a new entry.

Detailed Portfolio Analysis

No of Debt Holding 7 (Category Avg - 7.07) | Modified Duration 0.00 Years (Category Avg - 0.41)| Yield to Maturity - -- (Category Avg - 3.72%)

Type of Holdings

Security Type	% Weight	Category Average
GOI	0.17%	0.82%
CD	0.00%	0.01%
T-Bills	2.09%	4.03%
NCD & Bonds	0.00%	1.14%
CP	4.09%	1.12%
PTC	0.00%	0.02%

Investment / Portfolio Grades

Security Type	% Weight	Category Average
Government Backed	2.26%	4.85%
Low Risk	4.09%	2.29%
Moderate Risk	0.00%	0.00%
High Risk	0.00%	0.00%
Very High Risk	0.00%	0.00%
Others	0.00%	0.00%

Detailed Portfolio Analysis

Name	Type of Instrument	Weight (%)
MF Units	MF Units	17.58%
TREPS	TREPS	5.26%
Margin	Margin	0.89%
FD - HDFC Bank Ltd.	FD	0.17%
FD - HDFC Bank Ltd.	FD	0.17%

Detailed Portfolio Analysis

Risk Ratios

Ratios calculated on daily returns for last 3 years (Updated as on 26th February, 2021)

Standard Deviation
Standard Deviation value gives an idea about how volatile fund returns has been in the past 3 years. Lower value indicates more predictable performance. So if you are comparing 2 funds (lets say Fund A and Fund B) in the same category. If Fund A and Fund B has given 9% returns in last 3 years, but Fund A standard deviation value is lower than Fund B. So you can say that there is a higher chance that Fund A will continue giving similar returns in future also whereas Fund B returns may vary.

High volatility

1.16vs0.92

Category Avg
Beta
Beta value gives idea about how volatile fund performance has been compared to similar funds in the market. Lower beta implies the fund gives more predictable performance compared to similar funds in the market. So if you are comparing 2 funds (lets say Fund A and Fund B) in the same category. If Fund A and Fund B has given 9% returns in last 3 years, but Fund A beta value is lower than Fund B. So you can say that there is a higher chance that Fund A will continue giving similar returns in future also whereas Fund B returns may vary.

Low volatility

-0.02vs0.65

Category Avg
Sharpe Ratio
Sharpe ratio indicates how much risk was taken to generate the returns. Higher the value means, fund has been able to give better returns for the amount of risk taken. It is calculated by subtracting the risk-free return, defined as an Indian Government Bond, from the fund's returns, and then dividing by the standard deviation of returns. For example, if fund A and fund B both have 3-year returns of 15%, and fund A has a Sharpe ratio of 1.40 and fund B has a Sharpe ratio of 1.25, you can chooses fund A, as it has given higher risk-adjusted return.

Better risk adjusted returns

1.53vs0.79

Category Avg
Treynor's Ratio
Treynor's ratio indicates how much excess return was generated for each unit of risk taken. Higher the value means, fund has been able to give better returns for the amount of risk taken. It is calculated by subtracting the risk-free return, defined as an Indian Government Bond, from the fund's returns, and then dividing by the beta of returns. For example, if fund A and fund B both have 3-year returns of 15%, and fund A has a Treynor's ratio of 1.40 and fund B has a Treynor's ratio of 1.25, then you can chooses fund A, as it has given higher risk-adjusted return.

Poor risk adjusted returns

-0.98vs-0.08

Category Avg
Jension's Alpha
Alpha indicates how fund generated additional returns compared to a benchmark. Let's say if a fund A benchmarks its returns with Nifty50 returns then alpha equal to 1.0 indicates the fund has beaten the nifty returns by 1%, so the higher the alpha, the better.

Better risk adjusted returns

1.93vs-0.5

Category Avg

Alternative Funds (Category Peers)

Scheme Name	Crisil Rank	Asset Size (Cr)	1M	3M	6M	1Y	3Y
Tata Arbitrage Fund - Direct Plan - Growth	5	3334.81	0.36	1.09	2.18	5.02	0.00
Edelweiss Arbitrage Fund - Direct Plan - Growth	4	3323.57	0.35	1.10	2.03	4.60	6.10
BNP Paribas Arbitrage Fund - Direct Plan - Growth	NA	661.44	0.34	1.12	2.15	4.51	6.07
Nippon India Arbitrage Fund - Direct Plan - Growth	4	9514.74	0.35	1.05	2.04	4.40	6.08
Kotak Equity Arbitrage Fund - Direct Plan - Growth	3	15527.66	0.37	1.13	2.10	4.35	5.91
Invesco India Arbitrage Fund - Direct Plan - Growth	4	505.27	0.36	1.06	1.97	4.30	5.77
UTI Arbitrage Fund - Direct Plan - Growth	3	3223.27	0.36	1.04	1.96	4.28	5.87
ICICI Prudential Equity - Arbitrage Fund - Direct Plan - Growth	3	9999.38	0.33	1.01	1.96	4.20	5.85
Aditya Birla Sun Life Arbitrage Fund - Direct Plan - Growth	2	4020.87	0.36	1.10	1.97	4.13	5.86
Axis Arbitrage Fund - Direct Plan - Growth	NA	2880.55	0.32	1.03	1.96	4.12	5.86

Detailed Comparison

More Funds from L&T Mutual Fund

Out of 36 mutual fund schemes offered by this AMC, 4 is/are ranked 5 * , 5 is/are ranked 4 * , 9 is/are ranked 3 * , 4 is/are ranked 2 * , and 14 schemes are not ranked. See more about AMC

Scheme Name	Crisil Rank	Asset Size (Cr)	1M	3M	6M	1Y	3Y
L&T Liquid Fund - Direct Plan - Growth	5	7393.62	0.24	0.75	1.54	3.84	5.87
L&T Triple Ace Bond Fund - Direct Plan - Growth	5	6783.23	-0.78	-1.78	0.03	6.40	9.72
L&T India Value Fund - Direct Plan - Growth	3	6312.88	2.43	15.79	34.24	35.06	8.39
L&T Midcap Fund - Direct Plan - Growth	2	5881.65	6.22	14.44	30.96	32.11	8.04
L&T Banking and PSU Debt Fund - Direct Plan - Growth	5	5485.65	0.26	-0.27	1.90	7.68	8.67
L&T Emerging Businesses Fund - Direct Plan - Growth	2	5348.52	8.34	19.74	40.79	41.28	4.10
L&T Hybrid Equity Fund - Direct Plan - Growth	3	5340.55	0.76	9.35	23.16	25.05	9.16
L&T Short Term Bond Fund - Direct Plan - Growth	4	5022.97	0.04	-0.35	1.68	7.37	8.52
L&T Tax Advantage Fund - Direct Plan - Growth	3	3264.60	3.10	12.30	29.61	28.85	7.41
L&T Arbitrage Opportunities Fund - Direct Plan - Growth	5	3045.87	0.35	1.07	2.04	4.64	5.94