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Thursday, May 22, 2014

L&T Arbitrage Opportunities Fund files offer document with Sebi

An open-ended equity scheme L&T Mutual Fund has filed offer document with Sebi to launch L&T Arbitrage Opportunities Fund, an open-ended equity scheme. The New Fund Offer price is Rs 10 per unit. 

Investment objective: To seek to generate reasonable returns from a portfolio of predominantly equity and equity related instruments including equity derivatives, debt and money market instruments. The scheme would seek to generate returns consistent with employing prudent arbitrage opportunities existing in the equity market. 

Options/plans: Growth, dividend (monthly and quarterly re-investment and payout) and bonus options and direct plan with all the options. 

Benchmark: CRISIL Liquid Fund Index 

Entry Load: Nil 

Exit load: For redemption within 3 months from the date of allotment or purchase applying first in first out basis-0.50% 

Minimum Application Amount: Rs.5,000 and in multiples of Re 1 thereafter. 

Minimum Subscription Amount: Rs 10 crore 

Asset Allocation: The scheme shall invest 65-90% in equity and equity related securities, 65-90% in equity derivatives and 35-10% in debt and money market instruments including units of liquid schemes launched by mutual fund. The scheme may invest in Foreign Securities upto 10% of its net assets subject to the Eligible Investment Amount. Investment in Foreign Securities shall be subject to the investment restrictions specified by SEBI/RBI from time to time. 

Fund Managers: Venugopal Manghat, Praveen Ayathan and Abhijeet Dakhsikar (for foreign securities)
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