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Previously called: L&T Dynamic Equity Direct-G

NAV as of ( Sep 09, 2022 )

35.07 0.11 % 1-D Change

11.61% p.a.

You get upto 1.36% extra returns

ET Money's Fund Report Card - L&T Balanced Advantage Fund

ET Money Rank


Out of 16

Performance Quality info

Poor drop-arrow

Generated returns consistently


Increased returns for each unit of additional risk info


Downside Protection info

Good drop-arrow

Controlled losses during market corrections


Delivered returns without frequent ups and downs


Minimum SIP amount is ₹
Minimum Lumpsum amount is ₹

By continuing, I agree to the Declaration and T&Cs.

none buyable frame

Fresh Investments closed in this fund!

This fund is no longer available to invest

This fund vs
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Scheme Details

ET Money Rank 4 Out of 16
VRO Rating 3
Expense ratio 0.71%  As on Aug 31, 2022
Exit Load 1.0% info
AUM (Fund Size) 1,886 Crs
Lock-in No Lockin
Age 9 yrs 8 m Since Jan 01, 2013
Benchmark Nifty 50 Hybrid Composite debt 50:50 Index
Min. Investment

SIP 500  &

Lumpsum 5000

About L&T Balanced Advantage Fund

L&T Balanced Advantage Fund Direct-Growth is a Dynamic Asset Allocation mutual fund scheme from L&t Mutual Fund . This fund has been in existence for 9 yrs 8 m, having been launched on 01/01/2013. L&T Balanced Advantage Fund Direct-Growth has ₹1,886 Crores worth of assets under management (AUM) as on 30/06/2022 and is medium-sized fund of its category. The fund has an expense ratio of 0.71%, which is higher than what most other Dynamic Asset Allocation funds charge. Currently, the fund has a 46.78% allocation to equity and 29.86% to Debt.
  • L&T Balanced Advantage Fund Direct-Growth returns of last 1-year are 3.10%. Since launch, it has delivered 11.62% average annual returns. The fund has doubled the money invested in it every 9 yrs.
  • L&T Balanced Advantage Fund Direct-Growth scheme's ability to deliver returns consistently is in-line with most funds of its category. Its ability to control losses in a falling market is below average.
  • The fund's equity portion is primarily invested in Financial, Consumer Staples, Healthcare, Energy, Construction sectors. It has taken less exposure in Financial, Consumer Staples sectors compared to other funds in the category.
  • The debt portion of the fund has low credit quality indicating the quality of borrowers it has lent it to is not too great.
  • The fund's top 5 holdings are in GOI, Reliance Industries Ltd., DLF Ltd., Sun Pharmaceutical Inds. Ltd., ICICI Bank Ltd..
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Total value Profit
This fund
Category Average
Bank FD

Disclaimer: Products compared like fixed deposits may provide fixed guaranteed returns. Mutual Funds investments are subject to market risk, read all scheme related documents carefully. Past performance is not an indicator of future returns.

Latest Asset & Portfolio Allocation

as on Aug 31, 2022
Allocation by Market Cap

Large Cap 34.15%

Mid Cap 7.92%

Small Cap 4.71%

Other Cap 0%

Allocation by Sector

Financial 13.3%

Consumer Staples 8.57%

Healthcare 7.41%

Energy 6.36%

Top Debt Holdings

GOI 26.15%

Export-Import Bank Of India 1.46%

Indian Railway Finance Corpn. Ltd. 1.4%

National Bank For Agriculture & Rural Development 0.85%

Allocation by Credit Quality

SOV 26.15%

Cash 19.81%

AAA 3.71%

Cash & Call Money 3.55%

Allocation by Instruments

GOI Securities 26.15%

Cash Margin 19.81%

Net Receivables 3.55%

Debenture 2.25%

Other Holdings

Others 3.55%

Comparison with dynamic asset allocation Funds

as on Sep 12, 2022
1.25 % p.a
This fund


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Trailing Returns and Ranks

as on Sep 12, 2022
Period Trailing returns Category average Rank within category
1 month 1.25% 1.62% 13 / 20
3 months 6.41% 9.58% 19 / 19
6 months 4.45% 6.26% 17 / 19
1 year 2.9% 5.68% 15 / 19
3 years 10.69% 13.78% 16 / 17
5 years 8.7% 9.5% 10 / 14


Level of Risk in the Scheme

Moderately High

Investors understand that their principal will be at Moderately High risk

L&T Balanced Advantage Fund


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.

  • Std. Dev : 9.58
  • Alpha : 0.15
  • Beta : 0.49
  • Sharpe : 0.7
  • Sortino : 0.78
  • Profile

    Praveen Ayathan

    Mr. Praveen is a B.Sc (Mathematics).

    Prior to joining L&T Investment Management Ltd he has worked with Kotak Mahindra AMC and Dalal & Broacha Stock Broking Pvt. Ltd.

  • Profile

    Jalpan Shah

    Mr. Shah is a B.E. (Mechanical) and holds a PGDM.

    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.

  • Profile

    Vihang Naik

    Mr. Naik is a CFA & BMS.

    Prior to joining L&T Mutual Fund, he was associated with MF Global, Motilal Oswal Securities and SBICAP Securities.

  • Profile

    Cheenu Gupta

    Ms. Gupta is CFA Charter holder (USA), PGDBM (Finance) & B.E. (I.T)

    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.

L&T Mutual Fund

L&T Mutual Fund



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₹71,571 Crs

As on Jun 30, 2022

  • Phone: 022-66554000 / 1800-2000-400
  • Address: Brindavan
    Plot No. 177, CST Road
    Kalina, Santacruz (East)
    Mumbai, 400098

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Frequently asked questions

How are the returns of L&T Balanced Advantage Fund ?

The L&T Balanced Advantage Fund is a 9 yrs 8 m old fund and has delivered average annual returns of 11.61% since inception.

L&T Balanced Advantage Fund Returns

1-Year 3-Year 5-Year Since Inception
2.9% 10.69% 8.7% 11.61%

NAV or Net Asset Value is the per-unit price of the Mutual Fund. The NAV of a Mutual Fund changes every day. It is calculated by taking the current value of the holdings of the fund at end of the day, subtracting the expenses, and dividing the value by the number of units issued to date.

The NAV of L&T Balanced Advantage Fund for Sep 09, 2022 is 35.07 .

L&T Balanced Advantage Fund has an ET Money Rank of # 4 of 16 and a consistency rating of 2 .

This indicates the fund has delivered above-average returns, however, the consistency at which it generates returns is not so great. If you are ok with sharp swings in your returns, you can go for this fund

On ET Money, Investing in L&T Balanced Advantage Fund is fast, easy, and 100% paperless. And it takes only minutes. Here is what you need to do -

  1. Click on the Invest Now Button present on the top right-hand side.
  2. Enter your email id, select whether you want to do a one-time investment or start a SIP and add the amount
  3. Provide few more details needed including the bank account from which you will be making the payment and confirm.
  4. That's it. Your SIP or one-time investment in L&T Balanced Advantage Fund is done.

The Expense Ratio of a Mutual Fund is the annual charges you pay to the Mutual Fund company for managing your investments in that fund. The Expense Ratio is a percentage of Assets Under Management (AUM) and is taken from the returns generated by the fund. For this reason, a fund with a lower expense ratio is always better because a smaller part of the returns will be taken and that means more returns for you.

The Expense Ratio of the direct plan of L&T Balanced Advantage Fund is 0.71%.  .

Redeeming your investments in L&T Balanced Advantage Fund is super easy. If you have invested in this fund via ET Money, just login into the app, go to the investment section and put the redemption request.

If you have invested in L&T Balanced Advantage Fund from anywhere else, you can go to the fund house website and put a request through it.

AUM or Asset Under Management is the total value of the assets held by a Mutual Fund scheme. For instance, for an equity Mutual Fund, the AUM will be the total value of its portfolio's equity shares (plus any other asset it might have invested in). The AUM of the fund changes every day because the price of the underlying asset fluctuates daily. However, the Mutual Fund company doesn't update it every day. It is updated only at the end of the month and released within few days of the next month.

The AUM of the fund is a good indicator of its popularity. A fund with a high AUM means a lot of money has been invested in it, and investors like it. However, the AUM should never be the primary criteria while selecting a fund. There are funds with huge AUMs that continue to perform well despite their size.

The AUM of L&T Balanced Advantage Fund is ₹1,886 Crs.

The L&T Balanced Advantage Fund's equity portion has been invested in the stocks of the following companies

Company Percentage of Portfolio
Reliance Industries Ltd. 2.9%
DLF Ltd. 2.62%
Sun Pharmaceutical Inds. Ltd. 2.55%
ICICI Bank Ltd. 2.34%
Infosys Ltd. 2.25%
Bajaj Finance Ltd. 1.87%
HDFC Bank Ltd. 1.83%
State Bank of India 1.77%
Crisil Ltd. 1.64%
Tata Consultancy Services Ltd. 1.63%

The L&T Balanced Advantage Fund's equity portion is primarily invested in the following sectors -

Sector Percentage of Portfolio
Financial 13.3%
Consumer Staples 8.57%
Healthcare 7.41%
Energy 6.36%
Construction 5.08%
Technology 5.05%
Automobile 4.7%
Services 4.42%
Materials 3.71%
Metals & Mining 2.53%

The credit rating of the instruments in which the fund invests represents the quality of the borrower.

The L&T Balanced Advantage Fund's debt portion's allocation by credit quality is given below
Credit Quality Percentage of Portfolio
SOV 26.15%
Cash 19.81%
AAA 3.71%

The top 3 debt holdings of L&T Balanced Advantage Fund are as follows

Holding Name Percentage of Portfolio
GOI 26.15%
Export-Import Bank Of India 1.46%
Indian Railway Finance Corpn. Ltd. 1.4%
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