Name of the Mutual Fund : L&T Mutual Fund

Name of the Scheme : L&T Equity Fund (An Open-ended Equity scheme investing across large cap, mid cap, small cap stocks)
Portfolio as on December 31, 2019

Name of the Instrument Industry / Rating Quantity Market Value % to ISIN

(Rs. in Lakhs) NAV

EQUITY & EQUITY RELATED INSTRUMENTS

Listed / Awaiting listing on Stock Exchanges
HDFC Bank Limited Banks 1,612,400 20,511.34 7.66 INE040A01034
ICICI Bank Limited Banks 2,866,482 15,447.47 5.77 INE090A01021
Larsen & Toubro Limited Construction Project 1,061,700 13,782.99 5.15 INE018A01030
Kotak Mahindra Bank Limited Banks 728,000 12,262.07 4.58 INE237A01028
Tata Consultancy Services Limited Software 532,000 11,500.24 4.29 INE467B01029
Reliance Industries Limited Petroleum Products 730,900 11,066.19 4.13 INE002A01018
Housing Development Finance Corporation Limited Finance 391,500 9,445.13 3.53 INE001A01036
Infosys Limited Software 1,215,900 8,890.05 3.32 INE009A01021
Bharti Airtel Limited Telecom - Services 1,696,600 7,733.10 2.89 INE397D01024
HCL Technologies Limited Software 1,205,400 6,847.88 2.56 INE860A01027
The Ramco Cements Limited Cement 891,236 6,725.71 2.51 INE331A01037
Hindustan Unilever Limited Consumer Non Durables 336,700 6,474.74 2.42 INE030A01027
Colgate Palmolive (India) Limited Consumer Non Durables 411,710 6,022.91 2.25 INE259A01022
SBI Life Insurance Company Limited Finance 543,500 5,226.30 1.95 INE123W01016
Pfizer Limited Pharmaceuticals 119,806 5,061.44 1.89 INE182A01018
Future Retail Limited Retailing 1,381,684 4,721.91 1.76 INE752P01024
ITC Limited Consumer Non Durables 1,974,000 4,692.20 1.75 INE154A01025
Cholamandalam Investment and Finance Company Limited Finance 1,531,500 4,678.73 1.75 INE121A01024
State Bank of India Banks 1,360,000 4,539.00 1.69 INE062A01020
Asian Paints Limited Consumer Non Durables 249,000 4,444.53 1.66 INE021A01026
Axis Bank Limited Banks 577,000 4,351.16 1.62 INE238A01034
Dishman Carbogen Amcis Limited Pharmaceuticals 5,075,087 4,283.37 1.60 INE385W01011
Muthoot Finance Limited Finance 543,600 4,139.24 1.55 INE414G01012
Sanofi India Limited Pharmaceuticals 58,594 4,105.10 1.53 INE058A01010
Sun Pharmaceutical Industries Limited Pharmaceuticals 940,700 4,069.00 1.52 INE044A01036
NTPC Limited Power 3,143,400 3,742.22 1.40 INE733E01010
ICICI Lombard General Insurance Company Limited Finance 268,300 3,720.78 1.39 INE765G01017
Finolex Cables Limited Industrial Products 975,697 3,620.81 1.35 INE235A01022
Lupin Limited Pharmaceuticals 442,800 3,380.56 1.26 INE326A01037
Bharat Electronics Limited Industrial Capital Goods 3,338,700 3,340.37 1.25 INE263A01024
Supreme Industries Limited Industrial Products 279,600 3,224.63 1.20 INE195A01028
MphasiS Limited Software 348,990 3,218.56 1.20 INE356A01018
AIA Engineering Limited Industrial Products 193,515 3,192.03 1.19 INE212H01026
Oracle Financial Services Software Limited Software 105,431 2,888.44 1.08 INE881D01027
Grasim Industries Limited Cement 377,400 2,806.54 1.05 INE047A01021
Shree Cements Limited Cement 12,000 2,443.67 0.91 INE070A01015
Future Supply Chain Solutions Limited Transportation 446,236 2,087.94 0.78 INE935Q01015
Bajaj Finance Limited Finance 47,500 2,011.51 0.75 INE296A01024
Ashoka Buildcon Limited Construction Project 1,963,047 2,011.14 0.75 INE442H01029
GAIL India Limited Gas 1,647,400 1,994.18 0.74 INE129A01019
Tube Investment of India Limited Auto Ancillaries 381,196 1,835.84 0.69 INE974X01010
West Coast Paper Mills Limited Paper 817,445 1,784.48 0.67 INE976A01021
Indian Bank Banks 1,725,953 1,742.35 0.65 INE562A01011
Maharashtra Seamless Limited Ferrous Metals 458,481 1,733.75 0.65 INE271B01025
UltraTech Cement Limited Cement 37,575 1,520.30 0.57 INE481G01011
Century Textiles & Industries Limited Paper 300,600 1,434.91 0.54 INE055A01016
Tata Motors Limited Auto 750,000 1,388.63 0.52 INE155A01022
Maruti Suzuki India Limited Auto 18,000 1,326.35 0.50 INE585B01010
Aegis Logistics Limited Gas 605,556 1,171.45 0.44 INE208C01025
ICICI Prudential Life Insurance Company Limited Finance 197,804 954.31 0.36 INE726G01019
Apar Industries Limited Industrial Capital Goods 239,141 932.17 0.35 INE372A01015
Techno Electric & Engineering Company Limited Construction Project 309,286 873.11 0.33 INE285K01026
JSW Steel Limited Ferrous Metals 250,000 675.13 0.25 INE019A01038
Vedanta Limited Non - Ferrous Metals 435,000 663.16 0.25 INE205A01025
Coromandel International Limited Fertilisers 20,122 107.07 0.04 INE169A01031
Dr. Reddy's Laboratories Limited Pharmaceuticals 2,000 57.49 0.02 INE089A01023
Savita Oil Technologies Limited Petroleum Products 6,050 51.45 0.02 INE035D01012
Swaraj Engines Limited Industrial Products 4,388 49.13 0.02 INE277A01016
Hero MotoCorp Limited Auto 2,000 48.86 0.02 INE158A01026
Sharda Cropchem Limited Pesticides 11,300 24.32 0.01 INE221J01015
WIM Plast Limited Industrial Products 4,030 14.16 0.01 INE015B01018
Container Corporation of India Limited Transportation 2,000 11.44 ^ INE111A01025
Mahindra & Mahindra Limited Auto 2,000 10.63 ^ INE101A01026
Tata Steel Limited Ferrous Metals 2,000 9.44 ^ INE081A01012
Hindustan Petroleum Corporation Limited Petroleum Products 2,000 5.29 ^ INE094A01015
IDFC First Bank Limited Banks 2,000 0.90 ^ INE092T01019
Total 253,131.30 94.54
PREFERENCE SHARES
Listed / Awaiting listing on Stock Exchanges
Zee Entertainment Enterprises Limited Media & Entertainment 1,995,000 109.73 0.04 INE256A04022
Total 109.73 0.04
OTHERS
(a) Tri Party Repo Dealing System (TREPS) 3,718.21 1.39
(b) Net Receivables/(Payables) 10,923.18 4.03
Net Assets 267,882.42 100.00
^ indicates less than 0.01%
Name of the Mutual Fund : L&T Mutual Fund
Name of the Scheme : L&T Tax Advantage Fund (An Open-ended Equity Linked Savings Scheme with a statutory lock in of 3 years and tax benefit)
Portfolio as on December 31, 2019

Name of the Instrument Industry / Rating Quantity Market Value % to ISIN

(Rs. in Lakhs) NAV

EQUITY & EQUITY RELATED INSTRUMENTS

Listed / Awaiting listing on Stock Exchanges
ICICI Bank Limited Banks 4,984,600 26,862.01 7.94 INE090A01021
HDFC Bank Limited Banks 1,751,800 22,284.65 6.59 INE040A01034
Tata Consultancy Services Limited Software 747,000 16,147.90 4.77 INE467B01029
Kotak Mahindra Bank Limited Banks 834,000 14,047.48 4.15 INE237A01028
Reliance Industries Limited Petroleum Products 853,000 12,914.85 3.82 INE002A01018
Larsen & Toubro Limited Construction Project 853,000 11,073.65 3.27 INE018A01030
Bharti Airtel Limited Telecom - Services 2,214,200 10,092.32 2.98 INE397D01024
Infosys Limited Software 1,370,200 10,018.22 2.96 INE009A01021
HCL Technologies Limited Software 1,758,400 9,989.47 2.95 INE860A01027
Housing Development Finance Corporation Limited Finance 399,000 9,626.07 2.85 INE001A01036
Axis Bank Limited Banks 1,176,000 8,868.22 2.62 INE238A01034
The Ramco Cements Limited Cement 1,068,449 8,063.05 2.38 INE331A01037
Future Retail Limited Retailing 2,251,500 7,694.50 2.27 INE752P01024
Sanofi India Limited Pharmaceuticals 105,934 7,421.74 2.19 INE058A01010
Emami Limited Consumer Non Durables 2,333,743 7,232.27 2.14 INE548C01032
City Union Bank Limited Banks 3,000,664 7,020.05 2.08 INE491A01021
State Bank of India Banks 1,982,000 6,614.93 1.96 INE062A01020
Abbott India Limited Pharmaceuticals 50,000 6,537.75 1.93 INE358A01014
Cholamandalam Investment and Finance Company Limited Finance 2,029,500 6,200.12 1.83 INE121A01024
Berger Paints India Limited Consumer Non Durables 1,169,800 6,030.90 1.78 INE463A01038
Sun Pharmaceutical Industries Limited Pharmaceuticals 1,362,910 5,895.27 1.74 INE044A01036
Trent Limited Retailing 1,107,100 5,836.08 1.73 INE849A01020
ITC Limited Consumer Non Durables 2,425,700 5,765.89 1.70 INE154A01025
ICICI Lombard General Insurance Company Limited Finance 379,161 5,258.20 1.55 INE765G01017
RBL Bank Limited Banks 1,435,500 4,950.32 1.46 INE976G01028
HDFC Life Insurance Company Limited Finance 780,000 4,883.19 1.44 INE795G01014
Jubilant Foodworks Limited Consumer Non Durables 292,400 4,831.33 1.43 INE797F01012
Asian Paints Limited Consumer Non Durables 269,400 4,808.66 1.42 INE021A01026
K.P.R. Mill Limited Textile Products 686,900 4,522.89 1.34 INE930H01023
ACC Limited Cement 302,700 4,375.98 1.29 INE012A01025
Lupin Limited Pharmaceuticals 571,600 4,363.88 1.29 INE326A01037
General Insurance Corporation of India Finance 1,914,186 4,333.72 1.28 INE481Y01014
Tube Investment of India Limited Auto Ancillaries 836,679 4,029.45 1.19 INE974X01010
IPCA Laboratories Limited Pharmaceuticals 348,500 3,959.83 1.17 INE571A01020
Engineers India Limited Construction Project 3,927,800 3,888.52 1.15 INE510A01028
ICICI Prudential Life Insurance Company Limited Finance 803,290 3,875.47 1.15 INE726G01019
Bharat Electronics Limited Industrial Capital Goods 3,759,900 3,761.78 1.11 INE263A01024
Oracle Financial Services Software Limited Software 125,743 3,444.92 1.02 INE881D01027
Alkem Laboratories Limited Pharmaceuticals 164,521 3,313.29 0.98 INE540L01014
Ambuja Cements Limited Cement 1,558,896 3,059.33 0.90 INE079A01024
Shree Cements Limited Cement 15,000 3,054.59 0.90 INE070A01015
CARE Ratings Limited Finance 422,690 2,700.78 0.80 INE752H01013
Aegis Logistics Limited Gas 1,215,013 2,350.44 0.69 INE208C01025
Finolex Cables Limited Industrial Products 617,075 2,289.97 0.68 INE235A01022
TVS Srichakra Limited Auto Ancillaries 135,034 2,228.74 0.66 INE421C01016
Ratnamani Metals & Tubes Limited Ferrous Metals 202,798 2,218.41 0.66 INE703B01027
Ashoka Buildcon Limited Construction Project 2,133,608 2,185.88 0.65 INE442H01029
UltraTech Cement Limited Cement 46,969 1,900.39 0.56 INE481G01011
Century Textiles & Industries Limited Paper 375,755 1,793.67 0.53 INE055A01016
Maruti Suzuki India Limited Auto 23,000 1,694.78 0.50 INE585B01010
Techno Electric & Engineering Company Limited Construction Project 563,630 1,591.13 0.47 INE285K01026
Sharda Cropchem Limited Pesticides 498,526 1,072.83 0.32 INE221J01015
Emami Paper Limited Paper 1,413,785 1,044.79 0.31 INE830C01026
Greaves Cotton Limited Industrial Products 609,230 815.45 0.24 INE224A01026
Somany Ceramics Limited Construction 352,244 753.63 0.22 INE355A01028
WIM Plast Limited Industrial Products 201,319 707.23 0.21 INE015B01018
Skipper Limited Industrial Capital Goods 1,100,885 564.20 0.17 INE439E01022
IndusInd Bank Limited Banks 2,000 30.20 0.01 INE095A01012
Arti Surfactants Limited @ Chemicals 5,267 25.04 0.01 INE09EO01013
Mahindra & Mahindra Limited Auto 2,000 10.63 ^ INE101A01026
Sterlite Technologies Limited Telecom - Equipment & Accesso 2,000 2.37 ^ INE089C01029
Total 332,933.30 98.39
PREFERENCE SHARES
Listed / Awaiting listing on Stock Exchanges
Zee Entertainment Enterprises Limited Media & Entertainment 1,319,696 72.58 0.02 INE256A04022
Total 72.58 0.02
OTHERS
(a) Tri Party Repo Dealing System (TREPS) 7,352.09 2.17
(b) Net Receivables/(Payables) (2,122.80) (0.58)
Net Assets 338,235.17 100.00
^ indicates less than 0.01%

@ Awaited Listing
Name of the Mutual Fund : L&T Mutual Fund
Name of the Scheme : L&T India Large Cap Fund (An Open-ended Equity Scheme predominantly investing in large cap stocks)
Portfolio as on December 31, 2019

Name of the Instrument Industry / Rating Quantity Market Value % to ISIN

(Rs. in Lakhs) NAV

EQUITY & EQUITY RELATED INSTRUMENTS

Listed / Awaiting listing on Stock Exchanges
HDFC Bank Limited Banks 384,600 4,892.50 9.11 INE040A01034
ICICI Bank Limited Banks 838,000 4,515.98 8.41 INE090A01021
Reliance Industries Limited Petroleum Products 292,600 4,430.11 8.25 INE002A01018
Housing Development Finance Corporation Limited Finance 114,200 2,755.13 5.13 INE001A01036
Infosys Limited Software 331,600 2,424.49 4.51 INE009A01021
Kotak Mahindra Bank Limited Banks 123,400 2,078.49 3.87 INE237A01028
Tata Consultancy Services Limited Software 93,500 2,021.19 3.76 INE467B01029
State Bank of India Banks 568,800 1,898.37 3.53 INE062A01020
Bharti Airtel Limited Telecom - Services 406,300 1,851.92 3.45 INE397D01024
Larsen & Toubro Limited Construction Project 140,000 1,817.48 3.38 INE018A01030
Axis Bank Limited Banks 238,500 1,798.53 3.35 INE238A01034
ICICI Lombard General Insurance Company Limited Finance 114,700 1,590.66 2.96 INE765G01017
Bajaj Finance Limited Finance 30,800 1,304.30 2.43 INE296A01024
Bajaj Finserv Limited Finance 12,572 1,180.93 2.20 INE918I01018
The Ramco Cements Limited Cement 141,100 1,064.81 1.98 INE331A01037
Hindustan Unilever Limited Consumer Non Durables 54,000 1,038.42 1.93 INE030A01027
Godrej Properties Limited Construction 105,000 1,037.72 1.93 INE484J01027
Shree Cements Limited Cement 4,460 908.23 1.69 INE070A01015
HCL Technologies Limited Software 157,000 891.92 1.66 INE860A01027
ITC Limited Consumer Non Durables 372,000 884.24 1.65 INE154A01025
Asian Paints Limited Consumer Non Durables 49,400 881.77 1.64 INE021A01026
NTPC Limited Power 625,800 745.01 1.39 INE733E01010
Cholamandalam Investment and Finance Company Limited Finance 211,000 644.61 1.20 INE121A01024
Nestle India Limited Consumer Non Durables 4,200 620.98 1.16 INE239A01016
UltraTech Cement Limited Cement 13,800 558.35 1.04 INE481G01011
Bharat Petroleum Corporation Limited Petroleum Products 113,000 555.45 1.03 INE029A01011
Maruti Suzuki India Limited Auto 7,100 523.17 0.97 INE585B01010
Titan Company Limited Consumer Durables 42,300 502.50 0.94 INE280A01028
UPL Limited Pesticides 78,373 458.09 0.85 INE628A01036
Petronet LNG Limited Gas 160,000 428.72 0.80 INE347G01014
Torrent Pharmaceuticals Limited Pharmaceuticals 21,200 392.00 0.73 INE685A01028
Dr. Reddy's Laboratories Limited Pharmaceuticals 13,200 379.44 0.71 INE089A01023
Pfizer Limited Pharmaceuticals 8,200 346.43 0.64 INE182A01018
SBI Life Insurance Company Limited Finance 36,000 346.18 0.64 INE123W01016
Whirlpool of India Limited Consumer Durables 14,570 345.82 0.64 INE716A01013
LIC Housing Finance Limited Finance 76,600 332.56 0.62 INE115A01026
Trent Limited Retailing 61,767 325.60 0.61 INE849A01020
Divi's Laboratories Limited Pharmaceuticals 17,000 313.79 0.58 INE361B01024
Ambuja Cements Limited Cement 152,400 299.09 0.56 INE079A01024
Berger Paints India Limited Consumer Non Durables 57,500 296.44 0.55 INE463A01038
Tata Steel Limited Ferrous Metals 62,500 295.03 0.55 INE081A01012
Tata Motors Limited Auto 148,500 274.95 0.51 INE155A01022
MRF Limited Auto Ancillaries 400 265.32 0.49 INE883A01011
Bajaj Auto Limited Auto 8,200 261.17 0.49 INE917I01010
Page Industries Limited Textile Products 1,050 245.63 0.46 INE761H01022
Bosch Limited Auto Ancillaries 1,595 245.22 0.46 INE323A01026
Mahindra & Mahindra Limited Auto 42,000 223.25 0.42 INE101A01026
Hindustan Petroleum Corporation Limited Petroleum Products 75,400 199.43 0.37 INE094A01015
Hero MotoCorp Limited Auto 7,000 171.01 0.32 INE158A01026
HDFC Life Insurance Company Limited Finance 27,000 169.03 0.31 INE795G01014
Cipla Limited Pharmaceuticals 31,300 149.68 0.28 INE059A01026
Atul Limited Chemicals 3,479 140.93 0.26 INE100A01010
Tech Mahindra Limited Software 18,300 139.50 0.26 INE669C01036
Cummins India Limited Industrial Products 13,000 71.61 0.13 INE298A01020
Tata Steel Limited - Partly Paid Up Ferrous Metals 6,456 4.07 0.01 IN9081A01010
Total 52,537.25 97.80
PREFERENCE SHARES
Listed / Awaiting listing on Stock Exchanges
Zee Entertainment Enterprises Limited Media & Entertainment 603,750 33.21 0.06 INE256A04022
Total 33.21 0.06
BONDS & NCDs
Listed / awaiting listing on the stock exchanges
Britannia Industries Limited ** CRISIL AAA 2,900 0.89 ^ INE216A07052
Total 0.89 -
OTHERS
(a) Tri Party Repo Dealing System (TREPS) 897.99 1.67
(b) Net Receivables/(Payables) 242.30 0.47
Net Assets 53,711.64 100.00
^ indicates less than 0.01%
** indicates thinly traded / non traded securities as defined in SEBI Regulations and Guidelines.
Name of the Mutual Fund : L&T Mutual Fund
Name of the Scheme : L&T India Value Fund (An Open-ended Equity scheme following a value investment strategy)
Portfolio as on December 31, 2019

Name of the Instrument Industry / Rating Quantity Market Value % to ISIN

(Rs. in Lakhs) NAV

EQUITY & EQUITY RELATED INSTRUMENTS

Listed / Awaiting listing on Stock Exchanges
ICICI Bank Limited Banks 11,481,700 61,874.88 7.97 INE090A01021
Reliance Industries Limited Petroleum Products 3,939,500 59,646.00 7.69 INE002A01018
HDFC Bank Limited Banks 3,006,000 38,239.33 4.93 INE040A01034
Housing Development Finance Corporation Limited Finance 1,400,600 33,790.18 4.35 INE001A01036
Infosys Limited Software 4,369,000 31,943.94 4.12 INE009A01021
State Bank of India Banks 8,228,800 27,463.62 3.54 INE062A01020
Larsen & Toubro Limited Construction Project 2,003,911 26,014.77 3.35 INE018A01030
Axis Bank Limited Banks 3,425,900 25,834.71 3.33 INE238A01034
HCL Technologies Limited Software 3,201,402 18,187.16 2.34 INE860A01027
Coromandel International Limited Fertilisers 2,627,120 13,978.91 1.80 INE169A01031
The Ramco Cements Limited Cement 1,840,705 13,890.88 1.79 INE331A01037
Cholamandalam Investment and Finance Company Limited Finance 4,521,610 13,813.52 1.78 INE121A01024
Muthoot Finance Limited Finance 1,769,500 13,473.86 1.74 INE414G01012
ICICI Lombard General Insurance Company Limited Finance 943,042 13,078.11 1.69 INE765G01017
Oberoi Realty Limited Construction 2,464,423 13,077.46 1.69 INE093I01010
MRF Limited Auto Ancillaries 19,600 13,000.74 1.68 INE883A01011
Bajaj Finserv Limited Finance 135,000 12,681.02 1.63 INE918I01018
Manappuram Finance Limited Finance 7,030,300 12,471.75 1.61 INE522D01027
Jindal Steel & Power Limited Ferrous Metals 7,376,000 12,369.55 1.59 INE749A01030
Bharti Airtel Limited Telecom - Services 2,622,500 11,953.36 1.54 INE397D01024
Hindustan Petroleum Corporation Limited Petroleum Products 4,131,300 10,927.29 1.41 INE094A01015
The Indian Hotels Company Limited Hotels, Resorts And Other Recrea 7,531,905 10,921.26 1.41 INE053A01029
ITC Limited Consumer Non Durables 4,308,000 10,240.12 1.32 INE154A01025
Divi's Laboratories Limited Pharmaceuticals 528,846 9,761.44 1.26 INE361B01024
Shree Cements Limited Cement 43,764 8,912.08 1.15 INE070A01015
The Federal Bank Limited Banks 10,043,400 8,833.17 1.14 INE171A01029
Aarti Industries Limited Chemicals 1,054,751 8,762.34 1.13 INE769A01020
Prestige Estates Projects Limited Construction 2,585,700 8,748.72 1.13 INE811K01011
UPL Limited Pesticides 1,483,000 8,668.14 1.12 INE628A01036
Future Lifestyle Fashions Limited Retailing 2,134,336 8,589.64 1.11 INE452O01016
Sobha Limited Construction 2,126,700 8,538.70 1.10 INE671H01015
NTPC Limited Power 6,785,500 8,078.14 1.04 INE733E01010
Emami Limited Consumer Non Durables 2,513,720 7,790.02 1.00 INE548C01032
IPCA Laboratories Limited Pharmaceuticals 674,900 7,668.55 0.99 INE571A01020
Persistent Systems Limited Software 1,120,605 7,554.56 0.97 INE262H01013
Balkrishna Industries Limited Auto Ancillaries 757,000 7,498.46 0.97 INE787D01026
Future Retail Limited Retailing 2,186,689 7,473.01 0.96 INE752P01024
Tata Global Beverages Limited Consumer Non Durables 2,226,300 7,154.22 0.92 INE192A01025
Deepak Nitrite Limited Chemicals 1,903,200 7,100.84 0.92 INE288B01029
Maruti Suzuki India Limited Auto 91,000 6,705.43 0.86 INE585B01010
Ambuja Cements Limited Cement 3,386,700 6,646.40 0.86 INE079A01024
Tech Mahindra Limited Software 851,300 6,489.46 0.84 INE669C01036
EIH Limited Hotels, Resorts And Other Recrea 4,516,005 6,442.08 0.83 INE230A01023
Navin Fluorine International Limited Chemicals 578,609 5,826.30 0.75 INE048G01026
Hindalco Industries Limited Non - Ferrous Metals 2,620,000 5,663.13 0.73 INE038A01020
Sun Pharmaceutical Industries Limited Pharmaceuticals 1,289,800 5,579.03 0.72 INE044A01036
KNR Constructions Limited Construction 2,009,131 5,012.78 0.65 INE634I01029
Ratnamani Metals & Tubes Limited Ferrous Metals 458,000 5,010.06 0.65 INE703B01027
Birla Corporation Limited Cement 799,039 4,875.34 0.63 INE340A01012
KEC International Limited Construction Project 1,576,041 4,760.43 0.61 INE389H01022
K.P.R. Mill Limited Textile Products 713,835 4,700.25 0.61 INE930H01023
Cipla Limited Pharmaceuticals 981,700 4,694.49 0.60 INE059A01026
Petronet LNG Limited Gas 1,681,600 4,505.85 0.58 INE347G01014
Bank of Baroda Banks 4,198,765 4,278.54 0.55 INE028A01039
Engineers India Limited Construction Project 4,315,200 4,272.05 0.55 INE510A01028
Bharat Electronics Limited Industrial Capital Goods 4,199,888 4,201.99 0.54 INE263A01024
Mahindra & Mahindra Limited Auto 756,000 4,018.52 0.52 INE101A01026
Brigade Enterprises Limited Construction 1,700,811 3,716.27 0.48 INE791I01019
Castrol India Limited Petroleum Products 2,837,562 3,668.97 0.47 INE172A01027
General Insurance Corporation of India Finance 1,618,357 3,663.96 0.47 INE481Y01014
Exide Industries Limited Auto Ancillaries 1,815,300 3,385.53 0.44 INE302A01020
PNC Infratech Limited Construction 1,716,800 3,290.25 0.42 INE195J01029
City Union Bank Limited Banks 1,202,713 2,813.75 0.36 INE491A01021
Thermax Limited Industrial Capital Goods 246,600 2,669.69 0.34 INE152A01029
JK Lakshmi Cement Limited Cement 896,811 2,510.62 0.32 INE786A01032
Kajaria Ceramics Limited Construction 468,093 2,458.42 0.32 INE217B01036
Cummins India Limited Industrial Products 384,974 2,120.63 0.27 INE298A01020
Ashok Leyland Limited Auto 2,544,000 2,073.36 0.27 INE208A01029
Phillips Carbon Black Limited Chemicals 1,624,620 1,924.36 0.25 INE602A01023
West Coast Paper Mills Limited Paper 826,404 1,804.04 0.23 INE976A01021
Sun TV Network Limited Media & Entertainment 370,650 1,637.53 0.21 INE424H01027
Hero MotoCorp Limited Auto 56,800 1,387.65 0.18 INE158A01026
Apar Industries Limited Industrial Capital Goods 273,066 1,064.41 0.14 INE372A01015
Dishman Carbogen Amcis Limited Pharmaceuticals 1,068,374 901.71 0.12 INE385W01011
Indian Hume Pipe Company Limited Construction Project 394,750 805.09 0.10 INE323C01030
Endurance Technologies Limited Auto Ancillaries 73,905 799.13 0.10 INE913H01037
Dollar Industries Limited Textile Products 431,410 603.54 0.08 INE325C01035
Godfrey Phillips India Limited Consumer Non Durables 38,531 490.08 0.06 INE260B01028
Zuari Agro Chemicals Limited Fertilisers 381,818 345.55 0.04 INE840M01016
Arti Surfactants Limited @ Chemicals 61,024 290.17 0.04 INE09EO01013
Tata Steel Limited - Partly Paid Up Ferrous Metals 143,064 90.20 0.01 IN9081A01010
Zuari Agro Chemicals Limited - Rights Fertilisers 823,030 - ^ INE840M0101R
Total 768,201.49 99.01
PREFERENCE SHARES
Listed / Awaiting listing on Stock Exchanges
Zee Entertainment Enterprises Limited Media & Entertainment 285,600 15.71 ^ INE256A04022
Total 15.71 -
OTHERS
(a) Tri Party Repo Dealing System (TREPS) 8,229.32 1.06
(b) Net Receivables/(Payables) (497.58) (0.07)
Net Assets 775,948.94 100.00
^ indicates less than 0.01%
@ Awaited Listing
Name of the Mutual Fund : L&T Mutual Fund
Name of the Scheme : L&T Large and MidCap Fund (An Open-ended Equity scheme investing in both large cap and mid cap stocks)(Formerly known as L&T India Special Situations Fund)
Portfolio as on December 31, 2019

Name of the Instrument Industry / Rating Quantity Market Value % to ISIN

(Rs. in Lakhs) NAV

EQUITY & EQUITY RELATED INSTRUMENTS

Listed / Awaiting listing on Stock Exchanges
ICICI Bank Limited Banks 1,983,300 10,688.00 7.91 INE090A01021
HDFC Bank Limited Banks 588,200 7,482.49 5.54 INE040A01034
Tata Consultancy Services Limited Software 254,600 5,503.69 4.07 INE467B01029
Larsen & Toubro Limited Construction Project 422,200 5,481.00 4.06 INE018A01030
Reliance Industries Limited Petroleum Products 357,000 5,405.16 4.00 INE002A01018
Kotak Mahindra Bank Limited Banks 285,800 4,813.87 3.56 INE237A01028
City Union Bank Limited Banks 2,042,800 4,779.13 3.54 INE491A01021
Cholamandalam Investment and Finance Company Limited Finance 1,452,000 4,435.86 3.28 INE121A01024
Infosys Limited Software 564,200 4,125.15 3.05 INE009A01021
Jubilant Foodworks Limited Consumer Non Durables 249,600 4,124.14 3.05 INE797F01012
HCL Technologies Limited Software 671,380 3,814.11 2.82 INE860A01027
Abbott India Limited Pharmaceuticals 27,000 3,530.39 2.61 INE358A01014
MphasiS Limited Software 371,800 3,428.93 2.54 INE356A01018
Bharti Airtel Limited Telecom - Services 744,400 3,392.98 2.51 INE397D01024
Pfizer Limited Pharmaceuticals 76,934 3,250.23 2.41 INE182A01018
Torrent Pharmaceuticals Limited Pharmaceuticals 170,689 3,156.12 2.34 INE685A01028
AIA Engineering Limited Industrial Products 181,600 2,995.49 2.22 INE212H01026
Axis Bank Limited Banks 376,000 2,835.42 2.10 INE238A01034
Canara Bank Banks 1,251,000 2,769.09 2.05 INE476A01014
Emami Limited Consumer Non Durables 891,954 2,764.17 2.05 INE548C01032
Amara Raja Batteries Limited Auto Ancillaries 377,300 2,732.97 2.02 INE885A01032
Atul Limited Chemicals 67,300 2,726.19 2.02 INE100A01010
Hindustan Unilever Limited Consumer Non Durables 140,700 2,705.66 2.00 INE030A01027
SBI Life Insurance Company Limited Finance 280,700 2,699.21 2.00 INE123W01016
ICICI Securities Limited Finance 618,300 2,515.24 1.86 INE763G01038
Supreme Industries Limited Industrial Products 198,575 2,290.17 1.70 INE195A01028
Varun Beverages Limited Consumer Non Durables 318,400 2,256.18 1.67 INE200M01013
Future Retail Limited Retailing 651,927 2,227.96 1.65 INE752P01024
Bata India Limited Consumer Durables 126,000 2,206.95 1.63 INE176A01028
Polycab India Limited Industrial Products 222,000 2,202.80 1.63 INE455K01017
Akzo Nobel India Limited Consumer Non Durables 106,504 2,099.35 1.55 INE133A01011
Colgate Palmolive (India) Limited Consumer Non Durables 139,900 2,046.60 1.51 INE259A01022
Brigade Enterprises Limited Construction 872,100 1,905.54 1.41 INE791I01019
ACC Limited Cement 127,100 1,837.42 1.36 INE012A01025
Lupin Limited Pharmaceuticals 207,000 1,580.34 1.17 INE326A01037
Honeywell Automation India Limited Industrial Capital Goods 5,500 1,502.33 1.11 INE671A01010
UltraTech Cement Limited Cement 36,000 1,456.58 1.08 INE481G01011
Future Lifestyle Fashions Limited Retailing 357,514 1,438.82 1.06 INE452O01016
Century Textiles & Industries Limited Paper 288,000 1,374.77 1.02 INE055A01016
Marico Limited Consumer Non Durables 377,400 1,289.20 0.95 INE196A01026
ICICI Prudential Life Insurance Company Limited Finance 246,341 1,188.47 0.88 INE726G01019
RBL Bank Limited Banks 337,400 1,163.52 0.86 INE976G01028
Varroc Engineering Limited Auto Ancillaries 124,378 519.90 0.38 INE665L01035
WIM Plast Limited Industrial Products 81,757 287.21 0.21 INE015B01018
Arihant Superstructures Limited Construction 593,151 154.52 0.11 INE643K01018
Poddar Housing and Development Limited Construction 45,857 135.48 0.10 INE888B01018
Total 133,318.80 98.65
OTHERS
(a) Tri Party Repo Dealing System (TREPS) 2,500.97 1.85
(b) Net Receivables/(Payables) (713.83) (0.50)
Net Assets 135,105.94 100.00
Name of the Mutual Fund : L&T Mutual Fund
Name of the Scheme : L&T Infrastructure Fund (An Open-ended Equity Scheme investing in infrastructure sector)
Portfolio as on December 31, 2019

Name of the Instrument Industry / Rating Quantity Market Value % to ISIN

(Rs. in Lakhs) NAV

EQUITY & EQUITY RELATED INSTRUMENTS

Listed / Awaiting listing on Stock Exchanges
Larsen & Toubro Limited Construction Project 965,600 12,535.42 7.72 INE018A01030
Bharti Airtel Limited Telecom - Services 2,409,300 10,981.59 6.76 INE397D01024
The Ramco Cements Limited Cement 1,363,179 10,287.23 6.33 INE331A01037
Grasim Industries Limited Cement 1,157,000 8,604.03 5.30 INE047A01021
AIA Engineering Limited Industrial Products 392,000 6,466.04 3.98 INE212H01026
Orient Refractories Limited Industrial Products 2,513,200 5,943.72 3.66 INE743M01012
BEML Limited Industrial Capital Goods 546,145 5,374.07 3.31 INE258A01016
Bharat Electronics Limited Industrial Capital Goods 5,221,000 5,223.61 3.22 INE263A01024
Mahanagar Gas Limited Gas 441,500 4,702.86 2.89 INE002S01010
ACC Limited Cement 301,400 4,357.19 2.68 INE012A01025
Polycab India Limited Industrial Products 431,295 4,279.52 2.63 INE455K01017
Engineers India Limited Construction Project 4,206,500 4,164.44 2.56 INE510A01028
Honeywell Automation India Limited Industrial Capital Goods 14,500 3,960.68 2.44 INE671A01010
Maharashtra Seamless Limited Ferrous Metals 1,008,120 3,812.21 2.35 INE271B01025
Finolex Cables Limited Industrial Products 1,007,389 3,738.42 2.30 INE235A01022
NTPC Limited Power 3,102,400 3,693.41 2.27 INE733E01010
Thermax Limited Industrial Capital Goods 312,102 3,378.82 2.08 INE152A01029
RITES Limited Construction Project 1,160,000 3,361.10 2.07 INE320J01015
UltraTech Cement Limited Cement 76,680 3,102.51 1.91 INE481G01011
Grindwell Norton Limited Industrial Products 511,165 3,076.70 1.89 INE536A01023
Siemens Limited Industrial Capital Goods 177,000 2,649.16 1.63 INE003A01024
Future Supply Chain Solutions Limited Transportation 562,737 2,633.05 1.62 INE935Q01015
Isgec Heavy Engineering Limited Industrial Capital Goods 753,535 2,612.51 1.61 INE858B01029
Techno Electric & Engineering Company Limited Construction Project 924,000 2,608.45 1.61 INE285K01026
Prestige Estates Projects Limited Construction 750,000 2,537.63 1.56 INE811K01011
ABB India Limited Industrial Capital Goods 193,810 2,490.94 1.53 INE117A01022
Gujarat Pipavav Port Limited Transportation 2,578,930 2,275.91 1.40 INE517F01014
Godrej Properties Limited Construction 226,300 2,236.52 1.38 INE484J01027
Carborundum Universal Limited Industrial Products 681,200 2,182.56 1.34 INE120A01034
Voltas Limited Consumer Durables 316,300 2,085.37 1.28 INE226A01021
Century Textiles & Industries Limited Paper 422,445 2,016.54 1.24 INE055A01016
Kennametal India Limited Industrial Capital Goods 199,338 2,004.14 1.23 INE717A01029
Brigade Enterprises Limited Construction 883,800 1,931.10 1.19 INE791I01019
H.G Infra Engineering Limited Construction Project 727,316 1,885.93 1.16 INE926X01010
Ashoka Buildcon Limited Construction Project 1,741,893 1,784.57 1.10 INE442H01029
Birla Corporation Limited Cement 270,586 1,650.98 1.02 INE340A01012
Shree Cements Limited Cement 8,000 1,629.12 1.00 INE070A01015
Container Corporation of India Limited Transportation 277,000 1,584.16 0.98 INE111A01025
Triveni Turbine Limited Industrial Capital Goods 1,578,996 1,485.05 0.91 INE152M01016
Cummins India Limited Industrial Products 251,800 1,387.04 0.85 INE298A01020
Indian Hume Pipe Company Limited Construction Project 627,161 1,279.09 0.79 INE323C01030
Greaves Cotton Limited Industrial Products 948,023 1,268.93 0.78 INE224A01026
Aegis Logistics Limited Gas 548,904 1,061.85 0.65 INE208C01025
Apar Industries Limited Industrial Capital Goods 236,552 922.08 0.57 INE372A01015
Rail Vikas Nigam Limited Construction Project 3,639,700 835.31 0.51 INE415G01027
Sadbhav Engineering Limited Construction Project 751,590 809.09 0.50 INE226H01026
Hindalco Industries Limited Non - Ferrous Metals 200,000 432.30 0.27 INE038A01020
Abb Power Products And Systems India Limited @ Industrial Capital Goods 38,762 414.75 0.26 INE07Y701011
Skipper Limited Industrial Capital Goods 742,356 380.46 0.23 INE439E01022
Poddar Housing and Development Limited Construction 111,679 329.96 0.20 INE888B01018
Arihant Superstructures Limited Construction 686,000 178.70 0.11 INE643K01018
Total 160,626.82 98.86
OTHERS
(a) Tri Party Repo Dealing System (TREPS) 2,454.50 1.51
(b) Net Receivables/(Payables) (629.23) (0.37)
Net Assets 162,452.09 100.00
@ Awaited Listing
Name of the Mutual Fund : L&T Mutual Fund
Name of the Scheme : L&T Midcap Fund (An Open-ended Equity Scheme predominantly investing in mid cap stocks)
Portfolio as on December 31, 2019

Name of the Instrument Industry / Rating Quantity Market Value % to ISIN

(Rs. in Lakhs) NAV

EQUITY & EQUITY RELATED INSTRUMENTS

Listed / Awaiting listing on Stock Exchanges
City Union Bank Limited Banks 7,750,300 18,131.83 3.03 INE491A01021
Cholamandalam Investment and Finance Company Limited Finance 5,325,800 16,270.32 2.72 INE121A01024
Manappuram Finance Limited Finance 7,955,789 14,113.57 2.36 INE522D01027
The Ramco Cements Limited Cement 1,814,400 13,692.37 2.28 INE331A01037
Jindal Steel & Power Limited Ferrous Metals 8,152,200 13,671.24 2.28 INE749A01030
Abbott India Limited Pharmaceuticals 102,000 13,337.01 2.23 INE358A01014
Berger Paints India Limited Consumer Non Durables 2,460,355 12,684.36 2.12 INE463A01038
Shree Cements Limited Cement 62,000 12,625.65 2.11 INE070A01015
Emami Limited Consumer Non Durables 4,026,272 12,477.42 2.08 INE548C01032
Sundaram Finance Limited Finance 730,736 11,916.84 1.99 INE660A01013
Bayer Cropscience Limited Pesticides 323,621 11,529.97 1.92 INE462A01022
Godrej Properties Limited Construction 1,103,850 10,909.35 1.82 INE484J01027
IPCA Laboratories Limited Pharmaceuticals 953,510 10,834.26 1.81 INE571A01020
ICICI Securities Limited Finance 2,606,400 10,602.84 1.77 INE763G01038
MRF Limited Auto Ancillaries 15,650 10,380.69 1.73 INE883A01011
Thermax Limited Industrial Capital Goods 958,107 10,372.47 1.73 INE152A01029
Ratnamani Metals & Tubes Limited Ferrous Metals 939,403 10,276.13 1.71 INE703B01027
Supreme Industries Limited Industrial Products 878,201 10,128.29 1.69 INE195A01028
Max Financial Services Limited Finance 1,859,066 9,935.78 1.66 INE180A01020
Multi Commodity Exchange of India Limited Finance 849,569 9,923.39 1.66 INE745G01035
Oberoi Realty Limited Construction 1,847,000 9,801.11 1.64 INE093I01010
Voltas Limited Consumer Durables 1,483,000 9,777.42 1.63 INE226A01021
Aarti Industries Limited Chemicals 1,162,711 9,659.22 1.61 INE769A01020
The Indian Hotels Company Limited Hotels, Resorts And Other Recreation 6,531,300 9,470.39 1.58 INE053A01029
Coromandel International Limited Fertilisers 1,768,473 9,410.04 1.57 INE169A01031
CRISIL Limited Finance 473,300 9,028.67 1.51 INE007A01025
Kajaria Ceramics Limited Construction 1,686,300 8,856.45 1.48 INE217B01036
Atul Limited Chemicals 216,413 8,766.46 1.46 INE100A01010
Page Industries Limited Textile Products 34,826 8,146.88 1.36 INE761H01022
ACC Limited Cement 556,000 8,037.81 1.34 INE012A01025
EIH Limited Hotels, Resorts And Other Recreation 5,598,415 7,986.14 1.33 INE230A01023
Syngene International Limited Pharmaceuticals 2,442,041 7,818.19 1.30 INE398R01022
Amara Raja Batteries Limited Auto Ancillaries 1,050,300 7,607.85 1.27 INE885A01032
Engineers India Limited Construction Project 7,620,000 7,543.80 1.26 INE510A01028
Future Lifestyle Fashions Limited Retailing 1,861,500 7,491.61 1.25 INE452O01016
MphasiS Limited Software 803,020 7,405.85 1.24 INE356A01018
General Insurance Corporation of India Finance 3,175,600 7,189.56 1.20 INE481Y01014
ABB India Limited Industrial Capital Goods 556,400 7,151.13 1.19 INE117A01022
Castrol India Limited Petroleum Products 5,497,494 7,108.26 1.19 INE172A01027
Johnson Controls - Hitachi Air Conditioning India Limited Consumer Durables 367,000 7,039.98 1.17 INE782A01015
Godfrey Phillips India Limited Consumer Non Durables 552,978 7,033.33 1.17 INE260B01028
AIA Engineering Limited Industrial Products 424,500 7,002.13 1.17 INE212H01026
Affle India Limited Software 434,871 6,876.83 1.15 INE00WC01019
Sundram Fasteners Limited Auto Ancillaries 1,339,835 6,699.84 1.12 INE387A01021
Pfizer Limited Pharmaceuticals 156,967 6,631.38 1.11 INE182A01018
Mahanagar Gas Limited Gas 620,200 6,606.37 1.10 INE002S01010
Tata Global Beverages Limited Consumer Non Durables 2,033,300 6,534.01 1.09 INE192A01025
Cummins India Limited Industrial Products 1,153,800 6,355.71 1.06 INE298A01020
Divi's Laboratories Limited Pharmaceuticals 339,852 6,272.99 1.05 INE361B01024
The Federal Bank Limited Banks 6,744,000 5,931.35 0.99 INE171A01029
Exide Industries Limited Auto Ancillaries 3,154,300 5,882.77 0.98 INE302A01020
3M India Limited Commercial Services 27,000 5,752.27 0.96 INE470A01017
AU Small Finance Bank Limited Banks 673,700 5,410.48 0.90 INE949L01017
Bosch Limited Auto Ancillaries 34,196 5,257.50 0.88 INE323A01026
Gujarat Pipavav Port Limited Transportation 5,636,347 4,974.08 0.83 INE517F01014
Vodafone Idea Limited Telecom - Services 80,000,000 4,920.00 0.82 INE669E01016
Deepak Nitrite Limited Chemicals 1,296,107 4,835.78 0.81 INE288B01029
Bharat Electronics Limited Industrial Capital Goods 4,819,400 4,821.81 0.80 INE263A01024
Torrent Pharmaceuticals Limited Pharmaceuticals 237,000 4,382.25 0.73 INE685A01028
Canara Bank Banks 1,945,900 4,307.25 0.72 INE476A01014
Trent Limited Retailing 764,900 4,032.17 0.67 INE849A01020
Welspun India Limited Textile Products 7,898,900 3,791.47 0.63 INE192B01031
National Aluminium Company Limited Non - Ferrous Metals 8,281,800 3,615.01 0.60 INE139A01034
Aegis Logistics Limited Gas 1,830,781 3,541.65 0.59 INE208C01025
Vinati Organics Limited Chemicals 172,200 3,416.10 0.57 INE410B01029
BIRLASOFT Limited Software 4,804,900 3,397.06 0.57 INE836A01035
Blue Dart Express Limited Transportation 154,167 3,367.01 0.56 INE233B01017
RBL Bank Limited Banks 964,300 3,325.39 0.55 INE976G01028
Balrampur Chini Mills Limited Consumer Non Durables 1,692,662 3,104.34 0.52 INE119A01028
H.G Infra Engineering Limited Construction Project 1,164,044 3,018.37 0.50 INE926X01010
Future Retail Limited Retailing 857,425 2,930.25 0.49 INE752P01024
Timken India Limited Industrial Products 304,023 2,803.09 0.47 INE325A01013
Techno Electric & Engineering Company Limited Construction Project 820,722 2,316.90 0.39 INE285K01026
Ashoka Buildcon Limited Construction Project 2,116,989 2,168.86 0.36 INE442H01029
Isgec Heavy Engineering Limited Industrial Capital Goods 596,330 2,067.48 0.35 INE858B01029
Triveni Turbine Limited Industrial Capital Goods 1,961,863 1,845.13 0.31 INE152M01016
Eris Lifesciences Limited Pharmaceuticals 377,808 1,790.81 0.30 INE406M01024
K.P.R. Mill Limited Textile Products 243,622 1,604.13 0.27 INE930H01023
Abb Power Products And Systems India Limited @ Industrial Capital Goods 111,280 1,190.70 0.20 INE07Y701011
Varroc Engineering Limited Auto Ancillaries 245,640 1,026.78 0.17 INE665L01035
Indian Bank Banks 925,965 934.76 0.16 INE562A01011
Dollar Industries Limited Textile Products 633,300 885.99 0.15 INE325C01035
Poddar Housing and Development Limited Construction 132,000 389.99 0.07 INE888B01018
Arti Surfactants Limited @ Chemicals 49,442 235.10 0.04 INE09EO01013
Total 582,397.27 97.21
OTHERS
(a) Tri Party Repo Dealing System (TREPS) 18,897.44 3.15
(b) Net Receivables/(Payables) (2,061.90) (0.36)
Net Assets 599,232.81 100.00
@ Awaited Listing
Name of the Mutual Fund : L&T Mutual Fund
Name of the Scheme: L&T Emerging Businesses Fund ( An open-ended equity scheme predominantly investing in small cap stocks)
Portfolio as on December 31, 2019
Name of the Instrument Industry / Rating Quantity Market Value % to ISIN
(Rs. in Lakhs) NAV

EQUITY & EQUITY RELATED INSTRUMENTS

Listed / Awaiting listing on Stock Exchanges
VST Industries Limited INE710A01016 Consumer Non Durables 524,033 22,085.11 3.72 INE710A01016
Mahanagar Gas Limited INE002S01010 Gas 1,758,670 18,733.35 3.15 INE002S01010
Sanofi India Limited INE058A01010 Pharmaceuticals 225,000 15,763.50 2.65 INE058A01010
Persistent Systems Limited INE262H01013 Software 2,255,176 15,203.27 2.56 INE262H01013
BEML Limited INE258A01016 Industrial Capital Goods 1,462,299 14,389.02 2.42 INE258A01016
Grindwell Norton Limited INE536A01023 Industrial Products 2,319,448 13,960.76 2.35 INE536A01023
K.P.R. Mill Limited INE930H01023 Textile Products 2,110,735 13,898.13 2.34 INE930H01023
Balrampur Chini Mills Limited INE119A01028 Consumer Non Durables 6,915,005 12,682.12 2.13 INE119A01028
Abbott India Limited INE358A01014 Pharmaceuticals 92,000 12,029.46 2.02 INE358A01014
Tube Investment of India Limited INE974X01010 Auto Ancillaries 2,230,645 10,742.79 1.81 INE974X01010
DCB Bank Limited INE503A01015 Banks 6,204,400 10,665.36 1.80 INE503A01015
Finolex Industries Limited INE183A01016 Industrial Products 1,911,655 10,441.46 1.76 INE183A01016
Sunteck Realty Limited INE805D01034 Construction 2,477,200 10,310.11 1.74 INE805D01034
Akzo Nobel India Limited INE133A01011 Consumer Non Durables 508,604 10,025.35 1.69 INE133A01011
Sobha Limited INE671H01015 Construction 2,473,300 9,930.30 1.67 INE671H01015
Welspun India Limited INE192B01031 Textile Products 19,884,295 9,544.46 1.61 INE192B01031
AIA Engineering Limited INE212H01026 Industrial Products 571,669 9,429.68 1.59 INE212H01026
Finolex Cables Limited INE235A01022 Industrial Products 2,510,996 9,318.31 1.57 INE235A01022
ICICI Securities Limited INE763G01038 Finance 2,264,400 9,211.58 1.55 INE763G01038
Trent Limited INE849A01020 Retailing 1,721,872 9,076.85 1.53 INE849A01020
Techno Electric & Engineering Company Limited INE285K01026 Construction Project 3,175,699 8,965.00 1.51 INE285K01026
Future Lifestyle Fashions Limited INE452O01016 Retailing 2,198,943 8,849.65 1.49 INE452O01016
Engineers India Limited INE510A01028 Construction Project 8,728,000 8,640.72 1.45 INE510A01028
City Union Bank Limited INE491A01021 Banks 3,603,630 8,430.69 1.42 INE491A01021
Amara Raja Batteries Limited INE885A01032 Auto Ancillaries 1,157,600 8,385.08 1.41 INE885A01032
The Ramco Cements Limited INE331A01037 Cement 1,103,901 8,330.59 1.40 INE331A01037
Supreme Industries Limited INE195A01028 Industrial Products 696,210 8,029.39 1.35 INE195A01028
Future Supply Chain Solutions Limited INE935Q01015 Transportation 1,677,091 7,847.11 1.32 INE935Q01015
Maharashtra Seamless Limited INE271B01025 Ferrous Metals 2,068,010 7,820.18 1.32 INE271B01025
Cera Sanitaryware Limited INE739E01017 Construction 289,469 7,808.57 1.31 INE739E01017
Orient Refractories Limited INE743M01012 Industrial Products 3,247,619 7,680.62 1.29 INE743M01012
Carborundum Universal Limited INE120A01034 Industrial Products 2,256,279 7,229.12 1.22 INE120A01034
Gujarat Pipavav Port Limited INE517F01014 Transportation 8,137,244 7,181.12 1.21 INE517F01014
CARE Ratings Limited INE752H01013 Finance 1,102,100 7,041.87 1.19 INE752H01013
Isgec Heavy Engineering Limited INE858B01029 Industrial Capital Goods 2,008,125 6,962.17 1.17 INE858B01029
EIH Limited INE230A01023 Hotels, Resorts And Other Recreational Activit 4,727,391 6,743.62 1.14 INE230A01023
Prestige Estates Projects Limited INE811K01011 Construction 1,955,092 6,615.05 1.11 INE811K01011
Sharda Cropchem Limited INE221J01015 Pesticides 3,053,259 6,570.61 1.11 INE221J01015
Triveni Turbine Limited INE152M01016 Industrial Capital Goods 6,783,479 6,379.86 1.07 INE152M01016
Polycab India Limited INE455K01017 Industrial Products 635,603 6,306.77 1.06 INE455K01017
Lakshmi Machine Works Limited INE269B01029 Industrial Capital Goods 190,866 6,279.78 1.06 INE269B01029
Sonata Software Limited INE269A01021 Software 1,939,954 5,998.34 1.01 INE269A01021
Prism Johnson Limited INE010A01011 Cement 8,935,721 5,611.63 0.94 INE010A01011
Future Retail Limited INE752P01024 Retailing 1,622,989 5,546.56 0.93 INE752P01024
Varroc Engineering Limited INE665L01035 Auto Ancillaries 1,267,185 5,296.83 0.89 INE665L01035
Greenply Industries Limited INE461C01038 Consumer Durables 3,234,406 5,157.26 0.87 INE461C01038
Sterling Tools Limited INE334A01023 Auto Ancillaries 2,361,956 5,117.18 0.86 INE334A01023
Ratnamani Metals & Tubes Limited INE703B01027 Ferrous Metals 431,620 4,721.49 0.79 INE703B01027
Central Depository Services (India) Limited INE736A01011 Finance 2,064,604 4,597.87 0.77 INE736A01011
Syndicate Bank INE667A01018 Banks 16,267,792 4,522.45 0.76 INE667A01018
Apar Industries Limited INE372A01015 Industrial Capital Goods 1,157,288 4,511.11 0.76 INE372A01015
MM Forgings Limited INE227C01017 Industrial Products 1,160,745 4,446.23 0.75 INE227C01017
Emami Limited INE548C01032 Consumer Non Durables 1,423,725 4,412.12 0.74 INE548C01032
Aegis Logistics Limited INE208C01025 Gas 2,253,600 4,359.59 0.73 INE208C01025
Shoppers Stop Limited INE498B01024 Retailing 1,103,000 4,106.47 0.69 INE498B01024
H.G Infra Engineering Limited INE926X01010 Construction Project 1,581,906 4,101.88 0.69 INE926X01010
TVS Srichakra Limited INE421C01016 Auto Ancillaries 248,429 4,100.32 0.69 INE421C01016
Jamna Auto Industries Limited INE039C01032 Auto Ancillaries 8,207,775 3,824.82 0.64 INE039C01032
Greaves Cotton Limited INE224A01026 Industrial Products 2,562,797 3,430.30 0.58 INE224A01026
Savita Oil Technologies Limited INE035D01012 Petroleum Products 391,089 3,325.82 0.56 INE035D01012
Somany Ceramics Limited INE355A01028 Construction 1,405,637 3,007.36 0.51 INE355A01028
Rane Holdings Limited INE384A01010 Finance 386,208 3,002.38 0.51 INE384A01010
Supreme Petrochem Limited INE663A01017 Chemicals 1,901,011 2,961.78 0.50 INE663A01017
Brigade Enterprises Limited INE791I01019 Construction 1,290,644 2,820.06 0.47 INE791I01019
Oriental Carbon & Chemicals Limited INE321D01016 Chemicals 251,933 2,607.25 0.44 INE321D01016
IFGL Refractories Limited INE133Y01011 Industrial Products 1,889,796 2,564.45 0.43 INE133Y01011
The South Indian Bank Limited INE683A01023 Banks 25,175,703 2,542.75 0.43 INE683A01023
Kajaria Ceramics Limited INE217B01036 Construction 463,048 2,431.93 0.41 INE217B01036
Indian Bank INE562A01011 Banks 2,346,800 2,369.09 0.40 INE562A01011
Orient Paper & Industries Limited INE592A01026 Paper 8,980,220 2,361.80 0.40 INE592A01026
Swaraj Engines Limited INE277A01016 Industrial Products 179,285 2,007.45 0.34 INE277A01016
Emami Paper Limited INE830C01026 Paper 2,625,830 1,940.49 0.33 INE830C01026
Skipper Limited INE439E01022 Industrial Capital Goods 3,244,290 1,662.70 0.28 INE439E01022
Rico Auto Industries Limited INE209B01025 Auto Ancillaries 3,572,882 1,648.89 0.28 INE209B01025
WIM Plast Limited INE015B01018 Industrial Products 457,523 1,607.28 0.27 INE015B01018
Nitin Spinners Limited INE229H01012 Textiles - Cotton 2,792,456 1,425.55 0.24 INE229H01012
Gokaldas Exports Limited INE887G01027 Textile Products 1,733,000 1,245.16 0.21 INE887G01027
V.S.T Tillers Tractors Limited INE764D01017 Auto 108,572 1,184.41 0.20 INE764D01017
Dollar Industries Limited INE325C01035 Textile Products 821,616 1,149.44 0.19 INE325C01035
Indian Railway Catering & Tourism Corp Limited INE335Y01012 Services 112,805 1,052.98 0.18 INE335Y01012
AksharChem India Limited INE542B01011 Chemicals 383,980 910.80 0.15 INE542B01011
Sundram Fasteners Limited INE387A01021 Auto Ancillaries 153,134 765.75 0.13 INE387A01021
Deccan Cements Limited INE583C01021 Cement 256,069 697.40 0.12 INE583C01021
RSWM Limited INE611A01016 Textiles - Cotton 422,594 383.93 0.06 INE611A01016
Arihant Superstructures Limited INE643K01018 Construction 633,675 165.07 0.03 INE643K01018
Total 537,242.96 90.43
OTHERS
(a) Tri Party Repo Dealing System (TREPS) 58,988.60 9.93
(b) Net Receivables/(Payables) (2,105.79) (0.36)
Net Assets 594,125.77 100.00
Name of the Mutual Fund : L&T Mutual Fund
Name of the Scheme :L&T Business Cycles Fund (An Open-ended Equity Scheme following business cycles based investing theme)
Portfolio as on December 31, 2019

Name of the Instrument Industry / Rating Quantity Market Value % to ISIN

(Rs. in Lakhs) NAV

EQUITY & EQUITY RELATED INSTRUMENTS

Listed / Awaiting listing on Stock Exchanges
HDFC Bank Limited Banks 452,000 5,749.89 8.61 INE040A01034
ICICI Bank Limited Banks 1,000,700 5,392.77 8.08 INE090A01021
Reliance Industries Limited Petroleum Products 191,000 2,891.84 4.33 INE002A01018
Larsen & Toubro Limited Construction Project 204,900 2,660.01 3.98 INE018A01030
Kotak Mahindra Bank Limited Banks 143,600 2,418.73 3.62 INE237A01028
Ratnamani Metals & Tubes Limited Ferrous Metals 211,068 2,308.87 3.46 INE703B01027
Bajaj Finserv Limited Finance 24,422 2,294.04 3.44 INE918I01018
Timken India Limited Industrial Products 238,800 2,201.74 3.30 INE325A01013
Trent Limited Retailing 379,700 2,001.59 3.00 INE849A01020
Shree Cements Limited Cement 9,300 1,893.85 2.84 INE070A01015
State Bank of India Banks 564,500 1,884.02 2.82 INE062A01020
UltraTech Cement Limited Cement 44,200 1,788.35 2.68 INE481G01011
KNR Constructions Limited Construction 708,000 1,766.46 2.65 INE634I01029
Housing Development Finance Corporation Limited Finance 72,900 1,758.75 2.63 INE001A01036
Cholamandalam Investment and Finance Company Limited Finance 524,000 1,600.82 2.40 INE121A01024
Sobha Limited Construction 376,300 1,510.84 2.26 INE671H01015
Deepak Nitrite Limited Chemicals 403,000 1,503.59 2.25 INE288B01029
Titan Company Limited Consumer Durables 116,600 1,385.15 2.07 INE280A01028
Axis Bank Limited Banks 176,300 1,329.48 1.99 INE238A01034
AIA Engineering Limited Industrial Products 76,900 1,268.47 1.90 INE212H01026
Ahluwalia Contracts India Limited Construction 417,200 1,248.47 1.87 INE758C01029
The Ramco Cements Limited Cement 160,300 1,209.70 1.81 INE331A01037
Indian Hume Pipe Company Limited Construction Project 554,757 1,131.43 1.69 INE323C01030
Future Retail Limited Retailing 326,799 1,116.84 1.67 INE752P01024
Finolex Cables Limited Industrial Products 300,000 1,113.30 1.67 INE235A01022
Whirlpool of India Limited Consumer Durables 46,320 1,099.41 1.65 INE716A01013
Aegis Logistics Limited Gas 562,300 1,087.77 1.63 INE208C01025
Sundram Fasteners Limited Auto Ancillaries 206,400 1,032.10 1.55 INE387A01021
Godrej Properties Limited Construction 100,400 992.25 1.49 INE484J01027
Engineers India Limited Construction Project 735,700 728.34 1.09 INE510A01028
EIH Limited Hotels, Resorts And Other Recrea 477,700 681.44 1.02 INE230A01023
Kajaria Ceramics Limited Construction 127,031 667.17 1.00 INE217B01036
Blue Star Limited Consumer Durables 78,000 655.86 0.98 INE472A01039
Ashoka Buildcon Limited Construction Project 595,000 609.58 0.91 INE442H01029
Jindal Steel & Power Limited Ferrous Metals 358,000 600.37 0.90 INE749A01030
Birla Corporation Limited Cement 98,220 599.29 0.90 INE340A01012
Coromandel International Limited Fertilisers 110,200 586.37 0.88 INE169A01031
Carborundum Universal Limited Industrial Products 174,006 557.52 0.84 INE120A01034
Schaeffler India Limited Industrial Products 11,856 557.44 0.83 INE513A01014
UPL Limited Pesticides 87,000 508.52 0.76 INE628A01036
V-Guard Industries Limited Consumer Durables 225,000 478.35 0.72 INE951I01027
Johnson Controls - Hitachi Air Conditioning India Limited Consumer Durables 23,380 448.49 0.67 INE782A01015
Maruti Suzuki India Limited Auto 5,800 427.38 0.64 INE585B01010
Atul Limited Chemicals 9,874 399.98 0.60 INE100A01010
MRF Limited Auto Ancillaries 510 338.28 0.51 INE883A01011
Thermax Limited Industrial Capital Goods 30,400 329.11 0.49 INE152A01029
Adani Ports and Special Economic Zone Limited Transportation 87,640 320.76 0.48 INE742F01042
Mahindra & Mahindra Limited Auto 50,300 267.37 0.40 INE101A01026
Prestige Estates Projects Limited Construction 72,200 244.29 0.37 INE811K01011
Bank of Baroda Banks 146,189 148.97 0.22 INE028A01039
ABB India Limited Industrial Capital Goods 9,500 122.10 0.18 INE117A01022
Container Corporation of India Limited Transportation 14,250 81.50 0.12 INE111A01025
Cummins India Limited Industrial Products 10,000 55.09 0.08 INE298A01020
Abb Power Products And Systems India Limited @ Industrial Capital Goods 1,900 20.33 0.03 INE07Y701011
Tata Steel Limited - Partly Paid Up Ferrous Metals 5,960 3.76 0.01 IN9081A01010
Total 66,078.19 98.97
OTHERS
(a) Tri Party Repo Dealing System (TREPS) 705.63 1.06
(b) Net Receivables/(Payables) (23.20) (0.03)
Net Assets 66,760.62 100.00
^ indicates less than 0.01%
@ Awaited Listing
Name of the Mutual Fund : L&T Mutual Fund
Name of the Scheme : L&T Emerging Opportunities Fund - Ser I (A close-ended equity fund predominantly investing in small cap stocks)
Portfolio as on December 31, 2019

Name of the Instrument Industry / Rating Quantity Market Value % to ISIN

(Rs. in Lakhs) NAV

EQUITY & EQUITY RELATED INSTRUMENTS

Listed / Awaiting listing on Stock Exchanges
GMM Pfaudler Limited Industrial Capital Goods 102,389 1,916.26 5.15 INE541A01023
Vinati Organics Limited Chemicals 71,659 1,421.57 3.82 INE410B01029
Manappuram Finance Limited Finance 687,000 1,218.74 3.28 INE522D01027
Aarti Industries Limited Chemicals 142,800 1,186.31 3.19 INE769A01020
Zydus Wellness Limited Consumer Non Durables 71,300 1,048.32 2.82 INE768C01010
Oriental Carbon & Chemicals Limited Chemicals 100,000 1,034.90 2.78 INE321D01016
Multi Commodity Exchange of India Limited Finance 87,500 1,022.04 2.75 INE745G01035
Garware Technical Fibres Limited Textile Products 84,000 1,010.94 2.72 INE276A01018
Sandhar Technologies Limited Auto Ancillaries 388,930 971.94 2.61 INE278H01035
KEI Industries Limited Industrial Products 200,796 920.15 2.47 INE878B01027
Grindwell Norton Limited Industrial Products 151,190 910.01 2.45 INE536A01023
Ratnamani Metals & Tubes Limited Ferrous Metals 81,900 895.90 2.41 INE703B01027
Navin Fluorine International Limited Chemicals 88,000 886.12 2.38 INE048G01026
Cholamandalam Investment and Finance Company Limited Finance 284,000 867.62 2.33 INE121A01024
Neogen Chemicals Limited Chemicals 238,666 851.92 2.29 INE136S01016
The Ramco Cements Limited Cement 109,965 829.85 2.23 INE331A01037
Carborundum Universal Limited Industrial Products 255,800 819.58 2.20 INE120A01034
K.P.R. Mill Limited Textile Products 122,741 808.19 2.17 INE930H01023
Supreme Industries Limited Industrial Products 67,000 772.71 2.08 INE195A01028
H.G Infra Engineering Limited Construction Project 280,000 726.04 1.95 INE926X01010
Suven Life Sciences Limited Pharmaceuticals 227,000 697.12 1.87 INE495B01038
Persistent Systems Limited Software 101,700 685.61 1.84 INE262H01013
EIH Limited Hotels, Resorts And Other Recreat 477,200 680.73 1.83 INE230A01023
Laurus Labs Limited Pharmaceuticals 183,000 658.34 1.77 INE947Q01010
Astra Microwave Products Limited Telecom - Equipment & Accessor 728,200 604.41 1.63 INE386C01029
Exide Industries Limited Auto Ancillaries 309,500 577.22 1.55 INE302A01020
West Coast Paper Mills Limited Paper 264,200 576.75 1.55 INE976A01021
Shoppers Stop Limited Retailing 153,100 569.99 1.53 INE498B01024
ICICI Securities Limited Finance 140,000 569.52 1.53 INE763G01038
Taj GVK Hotels & Resorts Limited Hotels, Resorts And Other Recreat 330,500 540.04 1.45 INE586B01026
KNR Constructions Limited Construction 207,800 518.46 1.39 INE634I01029
Sundaram Finance Limited Finance 31,167 508.27 1.37 INE660A01013
MM Forgings Limited Industrial Products 132,341 506.93 1.36 INE227C01017
Future Supply Chain Solutions Limited Transportation 105,287 492.64 1.32 INE935Q01015
Finolex Industries Limited Industrial Products 90,000 491.58 1.32 INE183A01016
Future Lifestyle Fashions Limited Retailing 122,000 490.99 1.32 INE452O01016
Brigade Enterprises Limited Construction 200,400 437.87 1.18 INE791I01019
Castrol India Limited Petroleum Products 317,500 410.53 1.10 INE172A01027
NOCIL Limited Chemicals 378,900 384.58 1.03 INE163A01018
Max India Limited Healthcare Services 460,000 375.82 1.01 INE153U01017
Jamna Auto Industries Limited Auto Ancillaries 797,000 371.40 1.00 INE039C01032
Centum Electronics Limited Industrial Capital Goods 101,465 367.81 0.99 INE320B01020
Somany Ceramics Limited Construction 170,000 363.72 0.98 INE355A01028
Gujarat Pipavav Port Limited Transportation 400,000 353.00 0.95 INE517F01014
Lakshmi Machine Works Limited Industrial Capital Goods 10,110 332.63 0.89 INE269B01029
Gujarat Ambuja Exports Limited Consumer Non Durables 248,400 330.50 0.89 INE036B01022
V.S.T Tillers Tractors Limited Auto 29,710 324.11 0.87 INE764D01017
TVS Srichakra Limited Auto Ancillaries 19,000 313.60 0.84 INE421C01016
AksharChem India Limited Chemicals 129,773 307.82 0.83 INE542B01011
Akzo Nobel India Limited Consumer Non Durables 15,351 302.59 0.81 INE133A01011
Triveni Turbine Limited Industrial Capital Goods 290,304 273.03 0.73 INE152M01016
Deccan Cements Limited Cement 88,722 241.63 0.65 INE583C01021
FDC Limited Pharmaceuticals 97,080 205.57 0.55 INE258B01022
Orient Paper & Industries Limited Paper 750,000 197.25 0.53 INE592A01026
Sudarshan Chemical Industries Limited Chemicals 46,074 187.57 0.50 INE659A01023
Sadbhav Engineering Limited Construction Project 158,020 170.11 0.46 INE226H01026
BIRLASOFT Limited Software 226,200 159.92 0.43 INE836A01035
Newgen Software Technologies Limited Software 82,000 159.86 0.43 INE619B01017
Poddar Housing and Development Limited Construction 36,800 108.73 0.29 INE888B01018
Arti Surfactants Limited @ Chemicals 7,140 33.95 0.09 INE09EO01013
Indian Railway Catering & Tourism Corp Limited Services 2,430 22.68 0.06 INE335Y01012
Total 36,023.99 96.80
OTHERS
(a) Tri Party Repo Dealing System (TREPS) 1,164.68 3.13
(b) Net Receivables/(Payables) (4.83) 0.07
Net Assets 37,183.84 100.00

@ Awaited Listing
Name of the Mutual Fund : L&T Mutual Fund
Name of the Scheme : L&T Emerging Opportunities Fund - Ser II (A close-ended equity fund predominantly investing in small cap stocks)
Portfolio as on December 31, 2019

Name of the Instrument Industry / Rating Quantity Market Value % to ISIN

(Rs. in Lakhs) NAV

EQUITY & EQUITY RELATED INSTRUMENTS

Listed / Awaiting listing on Stock Exchanges
Kajaria Ceramics Limited Construction 164,000 861.33 3.97 INE217B01036
KEI Industries Limited Industrial Products 182,500 836.31 3.86 INE878B01027
GMM Pfaudler Limited Industrial Capital Goods 44,474 832.35 3.84 INE541A01023
RITES Limited Construction Project 278,750 807.68 3.72 INE320J01015
Berger Paints India Limited Consumer Non Durables 145,000 747.55 3.45 INE463A01038
Deepak Nitrite Limited Chemicals 192,600 718.59 3.31 INE288B01029
Suven Life Sciences Limited Pharmaceuticals 222,500 683.30 3.15 INE495B01038
Vinati Organics Limited Chemicals 34,200 678.46 3.13 INE410B01029
ICICI Securities Limited Finance 157,000 638.68 2.95 INE763G01038
Multi Commodity Exchange of India Limited Finance 53,000 619.07 2.85 INE745G01035
Aarti Industries Limited Chemicals 69,166 574.60 2.65 INE769A01020
Oriental Carbon & Chemicals Limited Chemicals 50,000 517.45 2.39 INE321D01016
City Union Bank Limited Banks 220,000 514.69 2.37 INE491A01021
Navin Fluorine International Limited Chemicals 50,000 503.48 2.32 INE048G01026
The Ramco Cements Limited Cement 66,300 500.33 2.31 INE331A01037
Orient Refractories Limited Industrial Products 205,000 484.83 2.24 INE743M01012
Grindwell Norton Limited Industrial Products 76,335 459.46 2.12 INE536A01023
Greenply Industries Limited Consumer Durables 285,700 455.55 2.10 INE461C01038
Zydus Wellness Limited Consumer Non Durables 30,800 452.85 2.09 INE768C01010
Garware Technical Fibres Limited Textile Products 34,920 420.26 1.94 INE276A01018
K.P.R. Mill Limited Textile Products 63,230 416.34 1.92 INE930H01023
Taj GVK Hotels & Resorts Limited Hotels, Resorts And Other Recreat 252,696 412.91 1.90 INE586B01026
Gujarat Pipavav Port Limited Transportation 458,922 405.00 1.87 INE517F01014
Carborundum Universal Limited Industrial Products 124,341 398.39 1.84 INE120A01034
Sundram Fasteners Limited Auto Ancillaries 79,338 396.73 1.83 INE387A01021
Engineers India Limited Construction Project 400,400 396.40 1.83 INE510A01028
EIH Limited Hotels, Resorts And Other Recreat 264,105 376.75 1.74 INE230A01023
Future Lifestyle Fashions Limited Retailing 86,673 348.82 1.61 INE452O01016
Astra Microwave Products Limited Telecom - Equipment & Accessor 400,000 332.00 1.53 INE386C01029
West Coast Paper Mills Limited Paper 149,800 327.01 1.51 INE976A01021
Max India Limited Healthcare Services 397,000 324.35 1.50 INE153U01017
Apcotex Industries Limited Industrial Products 193,000 303.88 1.40 INE116A01032
Shoppers Stop Limited Retailing 73,964 275.37 1.27 INE498B01024
Deccan Cements Limited Cement 99,810 271.83 1.25 INE583C01021
Tube Investment of India Limited Auto Ancillaries 56,268 270.99 1.25 INE974X01010
Orient Paper & Industries Limited Paper 1,007,600 265.00 1.22 INE592A01026
Persistent Systems Limited Software 38,300 258.20 1.19 INE262H01013
Apollo Hospitals Enterprise Limited Healthcare Services 17,700 255.23 1.18 INE437A01024
NOCIL Limited Chemicals 245,000 248.68 1.15 INE163A01018
Sudarshan Chemical Industries Limited Chemicals 58,000 236.12 1.09 INE659A01023
Torrent Pharmaceuticals Limited Pharmaceuticals 12,722 235.24 1.08 INE685A01028
H.G Infra Engineering Limited Construction Project 82,000 212.63 0.98 INE926X01010
Somany Ceramics Limited Construction 97,696 209.02 0.96 INE355A01028
Control Print Limited Hardware 84,392 199.71 0.92 INE663B01015
Triveni Turbine Limited Industrial Capital Goods 206,668 194.37 0.90 INE152M01016
TVS Srichakra Limited Auto Ancillaries 11,425 188.57 0.87 INE421C01016
RBL Bank Limited Banks 54,000 186.22 0.86 INE976G01028
Isgec Heavy Engineering Limited Industrial Capital Goods 46,000 159.48 0.74 INE858B01029
Sadbhav Engineering Limited Construction Project 144,600 155.66 0.72 INE226H01026
UltraTech Cement Limited Cement 3,825 154.76 0.71 INE481G01011
Century Textiles & Industries Limited Paper 30,600 146.07 0.67 INE055A01016
Greenpanel Industries Limited Consumer Durables 285,700 129.85 0.60 INE08ZM01014
HEG Limited Industrial Products 5,604 59.74 0.28 INE545A01016
Emami Limited Consumer Non Durables 14,277 44.24 0.20 INE548C01032
Neogen Chemicals Limited Chemicals 6,983 24.93 0.11 INE136S01016
Arti Surfactants Limited @ Chemicals 3,458 16.44 0.08 INE09EO01013
Indian Railway Catering & Tourism Corp Limited Services 813 7.59 0.03 INE335Y01012
Total 21,151.34 97.55
OTHERS
(a) Tri Party Repo Dealing System (TREPS) 532.59 2.46
(b) Net Receivables/(Payables) 1.27 -0.01
Net Assets 21,685.20 100.00
@ Awaited Listing
Name of the Mutual Fund : L&T Mutual Fund
Name of the Scheme : L&T Focused Equity Fund (An Open-ended Equity scheme investing across large cap, mid cap, small cap stocks upto 30 scrips)
Portfolio as on December 31, 2019

Name of the Instrument Industry / Rating Quantity Market Value % to ISIN

(Rs. in Lakhs) NAV

EQUITY & EQUITY RELATED INSTRUMENTS

Listed / Awaiting listing on Stock Exchanges
ICICI Bank Limited INE090A01021 Banks 1,258,000 6,779.36 9.73
HDFC Bank Limited INE040A01034 Banks 500,800 6,370.68 9.15
Kotak Mahindra Bank Limited INE237A01028 Banks 211,000 3,553.98 5.10
Reliance Industries Limited INE002A01018 Petroleum Products 228,100 3,453.55 4.96
SBI Life Insurance Company Limited INE123W01016 Finance 349,300 3,358.87 4.82
Infosys Limited INE009A01021 Software 448,500 3,279.21 4.71
Tata Consultancy Services Limited INE467B01029 Software 140,200 3,030.70 4.35
Larsen & Toubro Limited INE018A01030 Construction Project 224,400 2,913.16 4.18
Bharti Airtel Limited INE397D01024 Telecom - Services 617,000 2,812.29 4.04
Housing Development Finance Corporation Limited INE001A01036 Finance 101,000 2,436.68 3.50
HCL Technologies Limited INE860A01027 Software 419,200 2,381.48 3.42
Axis Bank Limited INE238A01034 Banks 309,000 2,330.17 3.35
Hindustan Unilever Limited INE030A01027 Consumer Non Durables 111,300 2,140.30 3.07
Asian Paints Limited INE021A01026 Consumer Non Durables 112,200 2,002.71 2.88
Grasim Industries Limited INE047A01021 Cement 251,800 1,872.51 2.69
Mahanagar Gas Limited INE002S01010 Gas 162,200 1,727.75 2.48
Colgate Palmolive (India) Limited INE259A01022 Consumer Non Durables 118,000 1,726.22 2.48
Polycab India Limited INE455K01017 Industrial Products 167,209 1,659.13 2.38
General Insurance Corporation of India INE481Y01014 Finance 717,292 1,623.95 2.33
Engineers India Limited INE510A01028 Construction Project 1,624,900 1,608.65 2.31
ICICI Lombard General Insurance Company Limited INE765G01017 Finance 112,381 1,558.50 2.24
Sun Pharmaceutical Industries Limited INE044A01036 Pharmaceuticals 344,200 1,488.84 2.14
State Bank of India INE062A01020 Banks 425,600 1,420.44 2.04
Aarti Industries Limited INE769A01020 Chemicals 141,370 1,174.43 1.69
ACC Limited INE012A01025 Cement 80,000 1,156.52 1.66
Future Retail Limited INE752P01024 Retailing 334,800 1,144.18 1.64
Affle India Limited INE00WC01019 Software 46,000 727.42 1.04
Godrej Properties Limited INE484J01027 Construction 63,300 625.59 0.90
Arti Surfactants Limited @ INE09EO01013 Chemicals 7,989 37.99 0.05
Total 66,395.26 95.33
OTHERS
(a) Tri Party Repo Dealing System (TREPS) 3,534.35 5.07
(b) Net Receivables/(Payables) (276.65) (0.40)
Net Assets 69,652.96 100.00
@ Awaited Listing