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

: ₹ 16.331 -0.01%
(as on 17th May, 2022)

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Crisil Rank

Below average performance among peers

Fund Size

: ₹ 3521.03 Cr

(2.92% of Investment in Category)

Expense Ratio

: 0.37%

(0.34% Category average)

Risk-O-Meter

Low

Arbitrage Fund :Arbitrage Fund : Fund has 66.73% investment in indian stocks of which 36.02% is in large cap stocks, 20.34% is in mid cap stocks, 7.36% in small cap stocks.Fund has 29.05% investment in Debt of which 25.57% in Government securities, 3.48% 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
0.37%

0.8%

1.88%

4.13%

3.86%

5.38%

5.81%

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Gold

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Returns Calculator
SIP Calculator
VIP (Value Avg)

Amount

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Profit/Loss

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Annualised Returns

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Returns (NAV as on 17th May, 2022)

Period Invested for	₹10000 Invested on	Latest Value	Absolute Returns	Annualised Returns	Category Avg	Rank within Category
1 Week	10-May-22	10006.70	0.07%	-	0.08%	24/26
1 Month	13-Apr-22	10031.90	0.32%	-	0.37%	21/26
3 Month	17-Feb-22	10076.50	0.77%	-	0.80%	19/26
6 Month	17-Nov-21	10188.40	1.88%	-	1.88%	17/26
YTD	31-Dec-21	10148.50	1.49%	-	1.51%	17/26
1 Year	17-May-21	10421.20	4.21%	4.21%	4.13%	16/26
2 Year	15-May-20	10864.20	8.64%	4.22%	3.86%	8/24
3 Year	17-May-19	11589.70	15.90%	5.04%	4.66%	6/23
5 Year	17-May-17	13213.90	32.14%	5.73%	5.38%	6/18
Since Inception	30-Jun-14	16331.00	63.31%	6.42%	5.81%	11/26

Returns Calculator Detailed Returns Analysis

SIP Returns (NAV as on 17th May, 2022)

Period Invested for	₹1000 SIP Started on	Investments	Latest Value	Absolute Returns	Annualised Returns
1 Year	17-May-21	12000	12249.84	2.08 %	3.89 %
2 Year	15-May-20	24000	25048.38	4.37 %	4.18 %
3 Year	17-May-19	36000	38549.47	7.08 %	4.5 %
5 Year	17-May-17	60000	68347.95	13.91 %	5.15 %

SIP Calculator Detailed Returns Analysis

Tax Treatment

If sold after 1 year from purchase date, long term capital gain tax will be applicable. Current tax rate is 10%, if your total long term capital gain exceeds 1 lakh. Any cess/surcharge is not included.|If sold before 1 year from purchase date, short term capital gain tax will be applicable. Current tax rate is 15%. Any cess/surcharge is not included in the 15%.

Portfolio (Updated on 30th Apr,2022)

Equity Holding : 66.73% | F&O Holdings : 0.00%| Foreign Equity Holdings : 0.00%| Total : 66.73%

No of Stocks : 163 (Category Avg - 126.76) | Large Cap Investments : 36.02%| Mid Cap Investments : 20.34% | Small Cap Investments : 7.36% | Other : 3.01%

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
Adani Ports And Special Economic Zone Ltd.	Port	1461.2	4.15%	-0.90%	5.05% (Mar 2022)	2.75% (Jul 2021)	17.06 L	-5.16 L
Vedanta Ltd.	Copper & copper products	1272.2	3.61%	-0.20%	3.81% (Mar 2022)	0% (May 2021)	31.16 L	-1.05 L
United Spirits Ltd.	Brew/distilleries	1080.7	3.07%	-0.19%	3.26% (Mar 2022)	0.41% (Jun 2021)	12.53 L	1.25 k
# HDFC Bank Ltd.	Banks	804.9	2.29%	0.00%	2.29% (Apr 2022)	0% (May 2021)	5.81 L	5.81 L
HCL Technologies Limited	Computers - software	760.8	2.16%	-0.05%	2.21% (Mar 2022)	0% (May 2021)	7.05 L	57.40 k
Tata Steel Ltd.	Steel	745.5	2.12%	-1.00%	5.43% (Aug 2021)	1.98% (May 2021)	5.87 L	-2.27 L
Bandhan Bank Ltd.	Banks	691	1.96%	0.49%	1.96% (Apr 2022)	0.01% (Oct 2021)	20.66 L	4.41 L
Ambuja Cements Ltd.	Cement	673.3	1.91%	-0.40%	2.31% (Mar 2022)	0% (May 2021)	18.09 L	-8.21 L
Bajaj Finance Ltd.	Nbfc	644.7	1.83%	-0.60%	2.55% (Nov 2021)	0.03% (May 2021)	96.63 k	-0.18 L
Zee Entertainment Enterprises Ltd.	Tv broadcasting & software production	594.8	1.69%	-0.28%	2.55% (Dec 2021)	0.43% (Sep 2021)	23.97 L	66.00 k

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

Detailed Portfolio Analysis

No of Debt Holding 16 (Category Avg - 8.44) | Modified Duration 0.37 Years (Category Avg - 0.40)| Yield to Maturity - -- (Category Avg - 4.02%)

Type of Holdings

Security Type	% Weight	Category Average
GOI	7.99%	3.92%
CD	3.48%	0.54%
T-Bills	17.58%	8.42%
CP	0.00%	0.77%
NCD & Bonds	0.00%	0.58%
PTC	0.00%	0.03%

Investment / Portfolio Grades

Security Type	% Weight	Category Average
Government Backed	25.57%	12.34%
Low Risk	3.48%	1.91%
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 (%)
TREPS	TREPS	4.69%
Margin	Margin	0.72%
Net Receivables	Net Receivables	-1.19%

Detailed Portfolio Analysis

Risk Ratios

Ratios calculated on daily returns for last 3 years (Updated as on 29th April, 2022)

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

1.07vs1.01

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

-0.02vs0.72

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

0.58vs0.16

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

-0.37vs-0.04

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

0.82vs-0.22

Category Avg

Alternative Funds (Category Peers)

Scheme Name	Crisil Rank	Asset Size (Cr)	1M	3M	6M	1Y	3Y
Axis Arbitrage Fund - Direct Plan - Growth	NA	6618.44	0.47	1.03	2.45	4.93	5.11
Edelweiss Arbitrage Fund - Direct Plan - Growth	5	6838.43	0.43	0.95	2.17	4.75	5.22
SBI Arbitrage Opportunities Fund - Direct Plan - Growth	4	7589.27	0.41	0.91	2.07	4.73	4.64
Invesco India Arbitrage Fund - Direct Plan - Growth	5	1013.12	0.50	1.18	2.55	4.70	5.08
Kotak Equity Arbitrage Fund - Direct Plan - Growth	4	24648.02	0.44	0.96	2.17	4.67	5.03
Nippon India Arbitrage Fund - Direct Plan - Growth	4	10898.23	0.41	0.88	2.10	4.62	5.07
Aditya Birla Sun Life Arbitrage Fund - Direct Plan - Growth	3	8405.76	0.36	0.84	1.97	4.41	4.97
UTI Arbitrage Fund - Direct Plan - Growth	2	5612.85	0.40	0.83	1.98	4.41	4.96
Tata Arbitrage Fund - Direct Plan - Growth	4	10058.97	0.35	0.80	1.93	4.40	5.35
ICICI Prudential Equity - Arbitrage Fund - Direct Plan - Growth	3	14076.75	0.38	0.83	1.94	4.39	4.87

Detailed Comparison

More Funds from L&T Mutual Fund

Out of 31 mutual fund schemes offered by this AMC, 2 is/are ranked 5 * , 4 is/are ranked 4 * , 8 is/are ranked 3 * , 9 is/are ranked 2 * , and 8 schemes are not ranked. See more about AMC

Scheme Name	Crisil Rank	Asset Size (Cr)	1M	3M	6M	1Y	3Y
L&T Triple Ace Bond Fund - Direct Plan - Growth	2	8680.81	-0.93	-2.03	-1.47	1.62	8.26
L&T Emerging Businesses Fund - Direct Plan - Growth	3	8014.47	-11.44	-7.72	-9.49	26.08	22.67
L&T India Value Fund - Direct Plan - Growth	3	7690.20	-10.87	-8.87	-11.76	13.43	16.09
L&T Midcap Fund - Direct Plan - Growth	2	6568.62	-10.10	-5.96	-13.56	6.63	15.26
L&T Liquid Fund - Direct Plan - Growth	3	5013.01	0.28	0.87	1.76	3.46	4.23
L&T Hybrid Equity Fund - Direct Plan - Growth	2	4832.01	-9.20	-8.75	-12.06	3.67	10.82
L&T Banking and PSU Debt Fund - Direct Plan - Growth	4	4378.00	-1.21	-2.20	-1.23	0.82	6.72
L&T Short Term Bond Fund - Direct Plan - Growth	3	4025.18	-0.73	-0.79	0.13	2.22	6.58
L&T Arbitrage Opportunities Fund - Direct Plan - Growth	2	3521.03	0.33	0.84	1.91	4.20	5.06
L&T Tax Advantage Fund - Direct Plan - Growth	2	3239.36	-12.04	-10.58	-15.14	3.27	11.48