Type of Scheme | Arbitrage Fund - An open ended scheme investing in arbitrage opportunities |
Investment Objective | The investment objective of the scheme is to generate capital appreciation and income by predominantly investing in arbitrage opportunities in the cash and derivative segments of the equity markets and the arbitrage opportunities available within the derivative segment and by investing the balance in debt and money market instruments. There is no assurance or guarantee that the investment objective of the scheme will be realized. |
Fund Manager** |
Mr. Jignesh Rao (Equity portion) (since June 19, 2020), Mr. Jigar Sethia (Equity portion) (since June 19, 2020) & Mr. Mahendra Jajoo (Debt portion) (since June 19, 2020) |
Allotment Date | 19th June, 2020 |
Benchmark Index | NIFTY 50 Arbitrage Index |
Minimum Investment Amount |
₹ 5,000/- and inmultiples of ₹ 1/- thereafter Minimum Additional Application Amount: ₹ 1,000/- per application and inmultiples of ₹ 1/- thereafter. |
Systematic Investment Plan (SIP) (Any Date SIP is available from 1st July, 2019) |
Monthly and Quarterly: ₹ 1,000/- (multiples of ₹ 1/- thereafter), minimum 5 in case of Monthly or 3 in case of Quarterly option. |
Load Structure | Entry load: NA Exit Load: 0.25% if redeemed or switched out within 30 days from the date of allotment Nil after 30 days |
Plans Available | Regular Plan and Direct Plan |
Options Available | Growth Option and IDCW^ Option (Payout & Re-investment) |
Monthly Average AUM (₹ Cr.) as on March 31, 2022 | 398.71 |
Net AUM (₹ Cr.) |
380.44 |
Monthly Avg. Expense Ratio (Including Statutory Levies) as on March 31, 2022 |
Regular Plan: 1.09% Direct Plan: 0.37% |
**For experience of Fund Managers Click Here | |
^Pursuant to Notice cum addendum dated March 27, 2021 the nomenclature of dividend option has been changed w.e.f. April 01, 2021. |
NAV: | Direct | Regular |
Growth | ₹ 10.752 | ₹ 10.622 |
IDCW | ₹ 10.749 | ₹ 10.621 |
Portfolio Turnover Ratio | 17.31 times |
@The Volatility, Beta, R Squared, Sharpe Ratio & Information Ratio are calculated on returns from last three years Monthly data points. # Risk free rate: FBIL OVERNIGHT MIBOR as on 31st March, 2022. ^Basis last rolling 12 months. |
Weighted Average Maturity |
0.94 Years |
Modified Duration |
0.87 Years |
Macaulay Duration |
0.91 Years |
Yield to Maturity |
4.44% |
New Position Bought |
Stock |
Aerospace & Defense |
Bharat Electronics Limited |
Auto |
Hero MotoCorp Limited |
Banks |
Kotak Mahindra Bank Limited |
Cement & Cement Products |
Dalmia Bharat Limited |
Chemicals |
Deepak Nitrite Limited |
Tata Chemicals Limited |
Construction |
Oberoi Realty Limited |
Construction Project |
Larsen & Toubro Limited |
Consumer Durables |
Whirlpool of India Limited |
Consumer Non Durables |
Dabur India Limited |
Hindustan Unilever Limited |
United Breweries Limited |
Finance |
Bajaj Finance Limited |
Power Finance Corporation Limited |
Insurance |
HDFC Life Insurance Company Limited |
Leisure Services |
The Indian Hotels Company Limited |
Non - Ferrous Metals |
Vedanta Limited |
Pharmaceuticals |
Abbott India Limited |
Biocon Limited |
Zydus Lifesciences Limited |
Software |
Coforge Limited |
Infosys Limited |
L&T Technology Services Limited |
Larsen & Toubro Infotech Limited |
Wipro Limited |
Positions Exited |
Stock |
Aerospace & Defense |
Hindustan Aeronautics Limited |
Auto |
Ashok Leyland Limited |
TVS Motor Company Limited |
Banks |
IndusInd Bank Limited |
Cement & Cement Products |
Ambuja Cements Limited |
UltraTech Cement Limited |
Chemicals |
Gujarat Narmada Valley Fertilizers and Chemicals Limited |
Pidilite Industries Limited |
Consumer Non Durables |
Colgate Palmolive (India) Limited |
Entertainment |
PVR Limited |
Ferrous Metals |
Tata Steel Limited |
Finance |
L&T Finance Holdings Limited |
Mahindra & Mahindra Financial Services Limited |
SBI Cards and Payment Services Limited |
Industrial Products |
Astral Limited |
Non - Ferrous Metals |
Hindalco Industries Limited |
National Aluminium Company Limited |
Pesticides |
PI Industries Limited |
Pharmaceuticals |
Alkem Laboratories Limited |
Cadila Healthcare Limited |
Retailing |
Info Edge (India) Limited |
Software |
MphasiS Limited |
Tata Consultancy Services Limited |
Tech Mahindra Limited |
Portfolio Holdings | % Allocation | |
Banks | ||
Bandhan Bank Ltd | 3.35% | |
Kotak Mahindra Bank Ltd | 2.69% | |
Axis Bank Ltd | 1.68% | |
City Union Bank Ltd | 1.53% | |
ICICI Bank Ltd | 0.03% | |
Software | ||
Infosys Ltd | 2.78% | |
MindTree Ltd | 1.36% | |
Coforge Ltd | 1.18% | |
Wipro Ltd | 0.92% | |
Larsen & Toubro Infotech Ltd | 0.68% | |
L&T Technology Services Ltd | 0.54% | |
Intellect Design Arena Ltd | 0.47% | |
Firstsource Solutions Ltd | 0.15% | |
HCL Technologies Ltd | 0.13% | |
Entertainment | ||
Sun TV Network Ltd | 3.79% | |
Zee Entertainment Enterprises Ltd | 2.07% | |
Finance | ||
Power Finance Corporation Ltd | 1.65% | |
Housing Development Finance Corporation Ltd | 1.53% | |
IDFC Ltd | 0.96% | |
Aditya Birla Capital Ltd | 0.75% | |
Bajaj Finance Ltd | 0.38% | |
Telecom - Services | ||
Bharti Airtel Ltd | 3.86% | |
Tata Communications Ltd | 1.07% | |
Transportation | ||
Adani Ports and Special Economic Zone Ltd | 4.40% | |
Petroleum Products | ||
Reliance Industries Ltd | 3.98% | |
Consumer Non Durables | ||
ITC Ltd | 2.61% | |
Dabur India Ltd | 0.33% | |
Nestle India Ltd | 0.18% | |
Hindustan Unilever Ltd | 0.16% | |
United Breweries Ltd | 0.15% | |
Pharmaceuticals | ||
Sun Pharmaceutical Industries Ltd | 1.31% | |
Biocon Ltd | 0.71% | |
Zydus Lifesciences Ltd | 0.53% | |
Abbott India Ltd | 0.38% | |
Divi's Laboratories Ltd | 0.27% | |
Laurus Labs Ltd | 0.18% | |
Leisure Services | ||
Delta Corp Ltd | 1.88% | |
The Indian Hotels Company Ltd | 0.86% | |
Construction | ||
Oberoi Realty Ltd | 1.56% | |
DLF Ltd | 0.96% | |
Non - Ferrous Metals | ||
Vedanta Ltd | 2.30% | |
Hindustan Copper Ltd | 0.12% | |
Auto | ||
Hero MotoCorp Ltd | 2.33% | |
Aerospace & Defense | ||
Bharat Electronics Ltd | 2.15% | |
Chemicals | ||
SRF Ltd | 1.11% | |
Deepak Nitrite Ltd | 0.47% | |
Rain Industries Ltd | 0.36% | |
Tata Chemicals Ltd | 0.10% | |
Healthcare Services | ||
Metropolis Healthcare Ltd | 1.73% | |
Apollo Hospitals Enterprise Ltd | 0.25% | |
Retailing | ||
Trent Ltd | 1.58% | |
Insurance | ||
HDFC Life Insurance Company Ltd | 1.00% | |
Pesticides | ||
UPL Ltd | 0.97% | |
Industrial Capital Goods | ||
Siemens Ltd | 0.67% | |
Consumer Durables | ||
Whirlpool of India Ltd | 0.53% | |
Cement & Cement Products | ||
Dalmia Bharat Ltd | 0.36% | |
Auto Ancillaries | ||
Balkrishna Industries Ltd | 0.36% | |
Capital Markets | ||
Multi Commodity Exchange of India Ltd | 0.35% | |
Construction Project | ||
Larsen & Toubro Ltd | 0.21% | |
Equity Holding Total | 70.96% | |
Equity Futures | ||
ICICI Bank Ltd April 2022 Future | -0.03% | |
Tata Chemicals Ltd April 2022 Future | -0.10% | |
Hindustan Copper Ltd April 2022 Future | -0.12% | |
HCL Technologies Ltd April 2022 Future | -0.13% | |
United Breweries Ltd April 2022 Future | -0.15% | |
Firstsource Solutions Ltd April 2022 Future | -0.15% | |
Hindustan Unilever Ltd April 2022 Future | -0.16% | |
Nestle India Ltd April 2022 Future | -0.18% | |
Laurus Labs Ltd April 2022 Future | -0.18% | |
Larsen & Toubro Ltd April 2022 Future | -0.21% | |
Apollo Hospitals Enterprise Ltd April 2022 Future | -0.25% | |
Divi's Laboratories Ltd April 2022 Future | -0.27% | |
Dabur India Ltd April 2022 Future | -0.34% | |
Multi Commodity Exchange of India Ltd April 2022 Future | -0.35% | |
Rain Industries Ltd April 2022 Future | -0.36% | |
Balkrishna Industries Ltd April 2022 Future | -0.36% | |
Dalmia Bharat Ltd April 2022 Future | -0.37% | |
Abbott India Ltd April 2022 Future | -0.38% | |
Bajaj Finance Ltd April 2022 Future | -0.38% | |
Intellect Design Arena Ltd April 2022 Future | -0.47% | |
Deepak Nitrite Ltd April 2022 Future | -0.47% | |
Whirlpool of India Ltd April 2022 Future | -0.53% | |
Zydus Lifesciences Ltd April 2022 Future | -0.54% | |
L&T Technology Services Ltd April 2022 Future | -0.54% | |
Siemens Ltd April 2022 Future | -0.67% | |
Larsen & Toubro Infotech Ltd April 2022 Future | -0.68% | |
Biocon Ltd April 2022 Future | -0.71% | |
Aditya Birla Capital Ltd April 2022 Future | -0.75% | |
The Indian Hotels Company Ltd April 2022 Future | -0.86% | |
Wipro Ltd April 2022 Future | -0.92% | |
DLF Ltd April 2022 Future | -0.96% | |
IDFC Ltd April 2022 Future | -0.96% | |
UPL Ltd April 2022 Future | -0.98% | |
HDFC Life Insurance Company Ltd April 2022 Future | -1.00% | |
Tata Communications Ltd April 2022 Future | -1.08% | |
SRF Ltd April 2022 Future | -1.11% | |
Coforge Ltd April 2022 Future | -1.19% | |
Sun Pharmaceutical Industries Ltd April 2022 Future | -1.32% | |
MindTree Ltd April 2022 Future | -1.36% | |
HDFC Ltd April 2022 Future | -1.53% | |
City Union Bank Ltd April 2022 Future | -1.54% | |
Oberoi Realty Ltd April 2022 Future | -1.56% | |
Trent Ltd April 2022 Future | -1.59% | |
Power Finance Corporation Ltd April 2022 Future | -1.66% | |
Axis Bank Ltd April 2022 Future | -1.69% | |
Metropolis Healthcare Ltd April 2022 Future | -1.74% | |
Delta Corp Ltd April 2022 Future | -1.89% | |
Zee Entertainment Enterprises Ltd April 2022 Future | -2.08% | |
Bharat Electronics Ltd April 2022 Future | -2.16% | |
Vedanta Ltd April 2022 Future | -2.31% | |
Hero MotoCorp Ltd April 2022 Future | -2.35% | |
ITC Ltd April 2022 Future | -2.63% | |
Kotak Mahindra Bank Ltd April 2022 Future | -2.70% | |
Infosys Ltd April 2022 Future | -2.79% | |
Bandhan Bank Ltd April 2022 Future | -3.37% | |
Sun TV Network Ltd April 2022 Future | -3.81% | |
Bharti Airtel Ltd April 2022 Future | -3.88% | |
Reliance Industries Ltd April 2022 Future | -4.01% | |
Adani Ports and Special Economic Zone Ltd April 2022 Future | -4.42% | |
Equity Futures Total | -71.29% | |
Government Bond | ||
6.84% GOI (19/12/2022) | 8.02% | |
6.18% GOI (04/11/2024) | 4.02% | |
3.96% GOI (09/11/2022) | 3.94% | |
Government Bond Total | 15.98% | |
Treasury Bill | ||
364 Days Tbill (19/08/2022) | 2.59% | |
364 Days Tbill (04/08/2022) | 1.30% | |
364 Days Tbill (11/08/2022) | 1.30% | |
364 Days Tbill (25/08/2022) | 1.29% | |
Treasury Bill Total | 6.47% | |
Cash & Other Receivables Total | 77.89% | |
Total | 100.00% |
Returns (in%) | ||||
1 Yr | SI | |||
MAAF | 3.67% |
3.45% |
||
Scheme Benchmark* | 3.82% |
3.45% |
||
Additional Benchmark** | 3.76% |
3.72% |
||
NAV as on 31st March, 2022 | 10.622 | |||
Index Value (31st March, 2022) | Index Value of Scheme benchmark is 2,022.09 and CRISIL 1 Year T-Bill is 6,332.07 | |||
Allotment Date | 19th June, 2020 | |||
Scheme Benchmark | *Nifty 50 Arbitrage Index | |||
Additional Benchmark | **CRISIL 1 Year T-Bill |
Fund manager : Mr. Jignesh Rao (since June 19, 2020), Mr. Jigar Sethia (since June 19, 2020) and Mr. Mahendra Jajoo (Debt Portion) (since June 19, 2020)
Note: Returns below or for 1 year are absolute returns, returns above 1 year are CAGR- Compounded Annualized Growth returns.
Period | Total Amount Invested | Mkt Value as on 31-March-2022 |
SI |
210,000 |
216,779 |
1 Yr |
120,000 |
122,177 |
Returns (%) |
Period |
|
SI |
1yr |
|
Fund Return& (%) |
3.53 |
3.41 |
Benchmark Return& (%) |
3.83 |
3.60 |
Add. Benchmark Return& (%) |
3.79 |
3.88 |
& The SIP returns are calculated by XIRR approach assuming investment of ₹ 10,000/- on the 1st working day of every month.
This product is suitable for investors who are seeking*
• Income over short term
• Investments predominantly in arbitrage opportunities in the cash and derivative segments and the arbitrage opportunities available within the derivative segment
*Investors should consult their financial advisers if they are not clear about the suitability of the product.
Past Performance may or may not be sustained in future.
Note : For computation of since inception returns (%) the allotment NAV has been taken as ₹ 10.00. The performance of other funds managed by the same fund manager is given in the respective page of the schemes and on
Different Plans under the scheme has different expense structure. The reference and details provided here in are of Regular Plan - Growth Option