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Aditya Birla Sun Life Arbitrage Fund


1 Lakh

Investment Grown to
₹ 1.19 Lakh

₹ 10000

Monthly SIP Grown to
₹ 3.94 Lakh

Analyst's Choice?

Suitability:

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

Arbitrage funds keep their equity investments fully hedged, which basically means that their returns are not impacted by the day-to-day ups and downs of the stock market. The risk of incurring a loss in these funds is low but they do not guarantee returns or safety of capital.

Retail investors can avoid these funds altogether. We believe that liquid funds are a better alternative with a somewhat similar risk-return payoff but better liquidity.

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 paid by the mutual fund scheme are taxed at the rate of 10% (effectively 11.648%, including surcharge and cess). This is known as Dividend Distribution Tax (DDT). Though the investor does not pay this tax directly, it is deducted from the dividend income before passing on to the investor.

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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 0.77 -0.02 0.01 0.49 1.30 2.69 6.25 5.97 6.28 7.02 6.95
CCIL T Bill Liquidity Weight 0.48 0.03 0.06 0.31 0.87 1.81 4.05 4.13 4.45 4.77 4.71
Hybrid: Arbitrage 0.76 -0.01 0.01 0.47 1.21 2.48 5.83 5.71 6.27 6.90 7.11
Rank within category 14 14 14 11 10 6 3 8 7 3 8
Number of funds in category 23 24 24 23 23 22 21 16 14 9 8

As on 17-Feb-2020

Best & Worst Performance

Best (Period) Worst (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 5.86 0.48 0.40 0.79 0.39 0.83
CCIL T Bill Liquidity Weight 4.06 0.27 -6.06 -10.48 -- --
Hybrid: Arbitrage 5.63 0.69 0.22 0.48 0.55 0.84
Rank within category 8 2 8 8 4 12
Number of funds in category 17 17 17 17 17 17

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

As on 31-Jan-2020

Asset Allocation (%)

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Concentration & Valuation

Number of Stocks 84
Top 10 Holdings (%) 39.27
Top 5 Holdings (%) 27.18
Top 3 Sectors (%) 0.00
Portfolio P/B Ratio 2.22
Portfolio P/E Ratio 21.73

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
equal Tata Capital Financial Services 180-D 18/05/2020 Commercial Paper A1+ 0.00 - 2.67 2.56
equal HDFC 17/03/2020 Non Convertible Debenture AAA 0.00 - 2.38 1.74
equal Tata Capital Housing Finance 180-D 18/05/2020 Commercial Paper A1+ 0.00 - 1.78 1.70
equal 8.40% LIC Housing Fin. 13/07/2020 Debenture AAA 0.00 - 1.29 1.23
equal 9.38% HDB Financial Services 15/06/2020 Debenture AAA 0.00 - 0.92 0.88
equal 6.65% RBL Bank 2020 Fixed Deposits -- 0.00 - 1.16 0.87
equal 6.65% Federal Bank 28/09/2020 Fixed Deposits -- 0.00 - 0.97 0.87
equal 5.40% HDFC Bank 22/10/2020 Fixed Deposits -- 0.00 - 0.97 0.87
equal 7.00% Federal Bank 2020 Fixed Deposits -- 0.00 - 1.14 0.85
equal 6.85% Federal Bank 13/08/2020 Fixed Deposits -- 0.00 - 1.11 0.83
equal 6.85% Federal Bank 18/08/2020 Fixed Deposits -- 0.00 - 1.11 0.83
equal 6.85% Federal Bank 20/08/2020 Fixed Deposits -- 0.00 - 1.11 0.83
equal Axis Bank 18/12/2020 Certificate of Deposit A1+ 0.00 - 0.86 0.82
equal 6.65% Federal Bank 18/09/2020 Fixed Deposits -- 0.00 - 0.85 0.69
equal HDFC 2020 Debenture AAA 0.00 - 3.00 0.54
equal 7.71% Kotak Mahindra Investments 21/12/2021 Debenture AAA 0.00 - 0.46 0.44
equal 8.43% HDFC 25/02/2020 Bonds/Debentures AAA 0.00 - 0.59 0.43
equal 6.75% RBL Bank 2020 Fixed Deposits -- 0.00 - 0.58 0.43
equal 8.10% IDFC First Bank 2020 Fixed Deposits -- 0.43 - 0.86 0.43
equal 8.10% IDFC First Bank 2020 Fixed Deposits -- 0.43 - 0.86 0.43
equal 7.65% L&T Finance 20/08/2020 Non Convertible Debenture AAA 0.00 - 0.45 0.43
new 5.00% HDFC Bank 20/01/2021 Fixed Deposits -- 0.00 - 0.43 0.43
new 5.00% HDFC Bank 2021 Fixed Deposits -- 0.00 - 0.43 0.43
new 5.00% HDFC Bank 2021 Fixed Deposits -- 0.00 - 0.43 0.43
equal 5.75% HDFC Bank 2020 Fixed Deposits -- 0.00 - 0.53 0.43

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 HDFC Financial 18.63 9.01 0.00 8.59
down Reliance Industries Energy 21.61 8.87 0.00 7.05
up State Bank of India Financial 23.87 4.95 0.00 4.95
up Axis Bank Financial 43.49 3.68 0.00 3.62
down Sun Pharmaceutical Inds. Healthcare 24.51 3.23 0.01 2.97
up ITC FMCG 16.80 3.91 0.02 2.86
up ICICI Bank Financial 36.96 2.60 0.00 2.60
up Bajaj Finance Financial 52.70 2.37 0.00 2.33
up Titan Company Cons Durable 78.06 1.71 0.00 1.71
down Tata Consultancy Services Technology 25.50 3.22 0.00 1.55
equal JSW Steel Metals 13.08 5.16 0.98 1.52
equal Adani Ports and Special Economic Zone Services 15.64 1.22 0.00 1.13
up Grasim Industries Construction 11.95 1.12 0.00 1.12
up HCL Technologies Technology 15.96 1.18 0.00 1.12
up Bajaj Finserv Financial 37.81 1.12 0.00 1.12
up United Spirits FMCG 70.36 1.40 0.05 1.02
equal Adani Enterprises Services 20.42 1.11 0.00 0.96
up Maruti Suzuki India Automobile 33.73 3.71 0.06 0.95
down Aurobindo Pharma Healthcare 11.26 4.89 0.14 0.93
down Bharti Airtel Communication -- 1.89 0.00 0.85
up Mahindra & Mahindra Automobile 30.16 2.45 0.00 0.80
up Nestle India FMCG 81.14 0.79 0.00 0.79
up Vedanta Metals 6.23 3.07 0.00 0.78
up Larsen & Toubro Construction 18.40 2.32 0.00 0.77
up UPL Chemicals 38.73 0.99 0.27 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-Jan-2020

Fund Manager

— Lovelish Solanki since 15-Dec-2014

Education: He has done BMS and MMS in finance.

Experience: He has worked with Edelweiss AMC from Jan 2008 - February 2011. Prior to working wirh Birla Sun Life, he has worked as an equity/ equity derivative trader at Union KBC.

Funds Managed:


-0.02%

Change from previous, NAV as on 17-Feb-2020

Growth: ₹ 19.9628

Dividend: ₹ 10.8227


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
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: 6.76%
Benchmark: NIFTY 50 Arbitrage
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 5,769 Cr (As on 31-Jan-2020)
Expense: 0.85% (As on 31-Jan-2020)
Risk Grade: Average
Return Grade: Average
Turnover: 1,112.00%

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend24-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
 21-Sep-20180.0487
 24-Aug-20180.0487
 20-Jul-20180.0487
 22-Jun-20180.0487
 25-May-20180.0487
 20-Apr-20180.0487
 19-Mar-20180.0850
 28-Feb-20180.0850
 31-Jan-20180.0550
 26-Dec-20170.0345

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: 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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