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4 star

Aditya Birla Sun Life Arbitrage Fund


Hybrid: Arbitrage

1 Lakh

Investment Grown to
₹ 1.15 Lakh

₹ 10000

Monthly SIP Grown to
₹ 3.82 Lakh

Suitability:

"Arbitrage funds invest in equity shares and derivatives, and earn their returns through the price differential between a stock and its futures. You can expect to earn better returns than what you would get from a bank account.

They are usually suitable to park your money for a period ranging between three months to a year. However, we believe that liquid funds, which have a similar risk-return payoff, are a better alternative for most investors for such a time frame. Arbitrage funds may have some appeal for those who are in the highest tax bracket, given the preferential tax treatment of these funds.

The risk of incurring a loss in these funds over the said time frame is low but they do not guarantee returns or safety of capital.

Remember, these funds usually deliver low returns which are only marginally higher than your bank account. They are not suitable if your aim is to build wealth in the long run."

Taxability of earnings:

Capital gains

  • If the mutual fund units are sold after 1 year from the date of investment, gains upto Rs 1 lakh in a financial year are exempt from tax. Gains over Rs 1 lakh are taxed at the rate of 10%.
  • If the mutual fund units are sold within 1 year from the date of investment, entire amount of gain is taxed at the rate of 15%.
  • No tax is to be paid as long as you continue to hold the units.

Dividends

  • Dividends are added to the income of the investors and taxed according to their respective tax slabs. Further, if an investor's dividend income exceeds Rs. 5,000 in a financial year, the fund house also deducts a TDS of 10% before distributing the dividend.

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(₹)
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Trailing Returns (%)

YTD 1-Day 1-W 1-M 3-M 6-M 1-Y 3-Y 5-Y 7-Y 10-Y
Fund 3.66 0.01 0.05 0.34 0.79 1.92 4.06 4.74 5.20 5.76 6.50
CCIL T Bill Liquidity Weight 1.85 0.00 0.04 0.19 0.43 1.06 2.01 3.22 3.53 3.99 4.48
Hybrid: Arbitrage 3.21 0.01 0.04 0.32 0.75 1.76 3.57 4.41 4.92 5.70 6.62
Rank within category 3 13 8 11 12 10 3 7 7 7 7
Number of funds in category 26 26 26 26 26 26 26 19 16 14 10

As on 02-Dec-2021

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
Aditya Birla Sun Life Arbitrage Fund  | Invest Online
4 star
Jul-09 4.06 4.74 5.20 0.99% 8,942
Kotak Equity Arbitrage Fund Regular Plan  | Invest Online
5 star
Sep-05 4.12 4.80 5.33 1.00% 24,430
UTI Arbitrage Fund - Regular Plan  | Invest Online
4 star
Jun-06 4.02 4.82 5.29 0.94% 6,067
Edelweiss Arbitrage Fund - Regular Plan  | Invest Online
5 star
Jun-14 3.99 4.85 5.33 1.10% 6,017
L&T Arbitrage Opportunities Fund - Regular Plan  | Invest Online
4 star
Jun-14 3.84 4.82 5.28 1.04% 4,906

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 1.15 11-Mar-2014 - 18-Mar-2014 -0.84 11-Aug-2010 - 18-Aug-2010
Month 1.97 27-Oct-2010 - 26-Nov-2010 -0.51 23-Jul-2010 - 23-Aug-2010
Quarter 3.55 18-Oct-2010 - 17-Jan-2011 -0.12 01-Jun-2010 - 31-Aug-2010
Year 10.62 16-Apr-2013 - 16-Apr-2014 2.39 17-Aug-2009 - 17-Aug-2010

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 4.67 0.77 1.14 1.62 0.77 1.35
CCIL T Bill Liquidity Weight 3.18 0.40 -1.54 -4.30 -- --
Hybrid: Arbitrage 4.36 0.79 0.74 1.09 0.80 1.06
Rank within category 7 8 7 7 5 8
Number of funds in category 19 19 19 19 19 19

The Risk Measures have been calculated using calendar month returns for the last three years.

As on 30-Nov-2021

Asset Allocation (%)

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Concentration & Valuation

Number of Stocks 157
Top 10 Holdings (%) 47.58
Top 5 Holdings (%) 36.37
Top 3 Sectors (%) 0.12
Portfolio P/B Ratio 2.46
Portfolio P/E Ratio 17.77
Avg Credit Rating GOI/Cash

Value Research Equity Fund Style

Value Research Debt Fund Style

Credit Rating vis-à-vis Category

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Top Debt Holdings

Company Instrument Credit Rating 1Y Range % Assets
up Aditya Birla SL Money Manager Direct-G Mutual Fund -- 0.00 - 21.97 21.92
equal Aditya Birla SL Floating Rate Direct-G Mutual Fund -- 0.00 - 5.23 5.08
equal Aditya Birla SL Low Duration Direct-G Mutual Fund -- 0.00 - 4.98 0.73
equal Aditya Birla SL Liquid Direct-G Mutual Fund -- 0.37 - 11.31 0.37
equal 8.37% LIC Housing Fin. 21/05/2023 Debenture AAA 0.00 - 0.48 0.18
equal Others CBLO -- - 2.12

up down equal Indicates an increase or decrease or no change in holding since last portfolio
new Indicates a new holding since last portfolio

Sector Allocation vis-à-vis Category

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Top Equity Holdings

Company Sector P/E 3Y High 3Y Low % Assets
equal Adani Ports and Special Economic Zone Services 29.53 4.32 0.00 3.66
up Reliance Industries Energy 32.14 8.87 1.35 3.08
down ICICI Bank Financial 23.63 5.67 0.00 2.64
down State Bank of India Financial 14.86 5.03 0.86 2.60
down JSW Steel Metals 7.84 5.16 0.69 2.36
down Tata Steel Metals 4.36 2.34 0.00 2.19
up Bharti Airtel Communication 142.17 5.63 0.13 2.16
equal Vedanta Metals 6.77 3.03 0.00 1.91
down Sun Pharmaceutical Industries Healthcare 29.56 4.36 1.25 1.70
up Tata Consultancy Services Technology 36.82 3.22 0.00 1.62
new Reliance Industries Ltd - Partly Paid Equity Energy -- 1.46
up Larsen & Toubro Construction 28.76 2.32 0.05 1.41
equal UPL Chemicals 16.86 1.24 0.21 1.24
up Canara Bank Financial 8.36 1.22 0.00 1.22
down Bank of Baroda Financial 11.96 1.40 0.00 1.21
down ITC FMCG 19.46 3.91 0.00 1.08
up Zee Entertainment Services 28.34 1.16 0.00 1.07
up HCL Technologies Technology 27.87 2.00 0.08 0.87
equal HDFC Financial 24.42 9.01 0.68 0.85
up ICICI Lombard General Insurance Company Insurance 56.62 0.82 0.00 0.82
down Tata Power Company Energy 49.75 1.05 0.00 0.81
up Bajaj Finance Financial 87.09 3.46 0.00 0.79
equal Adani Enterprises Services 188.02 1.11 0.09 0.77
up Axis Bank Financial 20.73 4.70 0.00 0.76
up Escorts Automobile 27.56 0.75 0.00 0.75

up down equal Indicates an increase or decrease or no change in holding since last portfolio
new Indicates a new holding since last portfolio

As on 31-Oct-2021

Fund Manager

— Lovelish Solanki since 15-Dec-2014

Education: He has done BMS and MMS in finance.

Experience: Prior to joining Aditya Birla Sun Life AMC Limited, he was Equity /Equity Derivatives - Trader at Union KBC Asset Management Co Limited since February 2011. Before that he worked at Edleweiss Asset Management Co. Ltd since January 2008.

Funds Managed:


0.01%

Change from previous, NAV as on 02-Dec-2021

Growth: ₹ 21.3797

IDCW: ₹ 11.1070


Investment Strategy

The Scheme seeks to generate income by investing predominantly in equity and equity related instruments. It intends to take advantage from the price differentials / mis-pricing prevailing for stock / index in various market segments (Cash & Future).

Investment Details

Minimum Investment (₹) 1,000
Minimum Addl Investment (₹) 1,000
Minimum SIP Investment (₹) 1,000
Minimum No of Cheques 6
Minimum Withdrawal (₹) 1
Minimum Balance (₹) 500
Lock-in Period Not Applicable
Exit Load 0.25% for redemption within 30 days

Basic Details

Fund House: Aditya Birla Sun Life Mutual Fund
Launch Date: 24-Jul-2009
Return Since Launch: 6.34%
Benchmark: NIFTY 50 Arbitrage TRI
Riskometer: Low to Moderate
Type: Open-ended
Assets: ₹ 8,942 Cr (As on 31-Oct-2021)
Expense: 0.99% (As on 31-Oct-2021)
Risk Grade: Below Average
Return Grade: Average
Turnover: 1,141.00%

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW24-Sep-20210.0370

 20-Aug-20210.0550
 21-May-20210.0530
 23-Apr-20210.0280
 23-Oct-20200.0320
 19-Jun-20200.0270
 22-May-20200.0540
 24-Apr-20200.0270
 18-Mar-20200.0885
 24-Feb-20200.0452
 24-Jan-20200.0389
 22-Nov-20190.0478
 25-Oct-20190.0496
 20-Sep-20190.0478
 23-Aug-20190.0478
 19-Jul-20190.0478
 21-Jun-20190.0443
 24-May-20190.0443
 18-Apr-20190.0522
 22-Mar-20190.0531
 22-Feb-20190.0531
 25-Jan-20190.0531
 21-Dec-20180.0531
 22-Nov-20180.0531
 19-Oct-20180.0531

Contact Information

AMC: Aditya Birla Sun Life AMC Ltd.

Address: One India Bulls Center - Tower 1, 17th Floor - Jupiter Mills Compound, 841 Senapati Bhawan, Elphinstone Road, Mumbai - 400013

Phone: 022-43568000 / 1800-270-7000 / 1800-22-7000

Fax: 022-43568110

Website: http://mutualfund.adityabirlacapital.com

Registrar & Transfer Agent: Computer Age Management Services Ltd.

Address: 7th Floor, Tower II, Rayala Towers, 158, Anna Salai, Chennai - 600002

Phone: 1800-3010-6767 / 1800-419-7676

Fax: 044-30407101

Email: [email protected]

Website: www.camsonline.com

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