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Nippon India Arbitrage Fund

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Hybrid: Arbitrage

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1 Lakh

Investment Grown to
₹ 1.19 Lakh

₹ 10000

Monthly SIP Grown to
₹ 3.91 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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Annual Returns
Quarterly Returns
Monthly Returns
Weekly Returns

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(₹)
cal
cal

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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 3.39 -0.04 0.00 0.40 0.71 1.77 4.73 5.83 5.96 6.59 --
CCIL T Bill Liquidity Weight 2.58 0.06 0.12 0.22 0.59 1.51 3.45 3.98 4.16 4.64 --
Hybrid: Arbitrage 2.97 -0.03 0.00 0.38 0.65 1.37 4.21 5.28 5.75 6.48 --
Rank within category 8 19 14 10 12 4 8 1 2 3 --
Number of funds in category 24 27 27 27 26 25 24 17 15 10 9

As on 01-Oct-2020

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
Nippon India Arbitrage Fund  | Invest Online
4 star
 Oct-10 4.73 5.83 5.96 1.02 7,384
Kotak Equity Arbitrage Fund Regular Plan  | Invest Online
5 star
 Sep-05 4.71 5.70 5.94 1.01 15,000
Edelweiss Arbitrage Fund - Regular Plan  | Invest Online
5 star
 Jun-14 4.96 5.75 5.99 1.09 3,501
UTI Arbitrage Fund - Regular Plan  | Invest Online
4 star
 Jun-06 4.83 5.72 5.88 0.94 2,998
L&T Arbitrage Opportunities Fund - Regular Plan  | Invest Online
4 star
 Jun-14 5.24 5.74 5.93 0.94 1,179

Best & Worst Performance

Best (Period) Worst (Period)
Week 0.76 (28-Feb-2012 - 06-Mar-2012) -0.53 (29-May-2020 - 05-Jun-2020)
Month 1.61 (02-Aug-2013 - 03-Sep-2013) -0.15 (29-May-2020 - 29-Jun-2020)
Quarter 3.37 (30-Apr-2012 - 31-Jul-2012) 0.06 (29-May-2020 - 28-Aug-2020)
Year 10.86 (27-Sep-2011 - 26-Sep-2012) 4.60 (09-Sep-2019 - 09-Sep-2020)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 5.72 0.82 0.80 1.20 0.61 1.36
CCIL T Bill Liquidity Weight 3.90 0.32 -3.63 -6.95 -- --
Hybrid: Arbitrage 5.19 0.92 0.34 0.51 0.76 1.00
Rank within category 1 14 1 1 4 5
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 30-Sep-2020

Asset Allocation (%)

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Concentration & Valuation

Number of Stocks 103
Top 10 Holdings (%) 47.79
Top 5 Holdings (%) 28.50
Top 3 Sectors (%) --
Portfolio P/B Ratio 1.90
Portfolio P/E Ratio 19.21
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
equal Nippon India Money Market Direct-G Mutual Fund -- 0.00 - 7.67 6.26
equal HDFC Bank Fixed Deposits -- 3.84 - 11.66 5.41
equal Federal Bank Fixed Deposits -- 0.98 - 4.40 4.40
equal Nippon India Liquid Direct-G Mutual Fund -- 0.00 - 4.39 4.39
equal 6.32% REC 31/12/2021 Debenture AAA 0.00 - 2.56 2.56
equal 8.15% REC 18/01/2021 Bonds/Debentures AAA 0.00 - 1.86 1.74
equal Shriram City Union Finance 21/09/2021 Debenture AA+ 0.71 - 1.09 1.01
equal 6.99% REC 31/12/2021 Non Convertible Debenture AAA 0.00 - 0.70 0.70

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
up Reliance Industries Energy 35.42 8.61 0.00 6.22
down Bharti Airtel Communication -- 5.66 0.23 5.36
down ICICI Bank Financial 25.03 5.85 0.00 5.25
down HDFC Financial 14.64 7.47 0.00 4.99
down Axis Bank Financial 80.22 4.06 0.00 2.95
up Sun Pharmaceutical Inds. Healthcare 168.45 5.41 0.40 2.10
up Infosys Technology 25.45 5.76 0.00 2.03
up State Bank of India Financial 7.87 4.32 0.00 1.76
down Ultratech Cement Construction 22.20 1.93 0.00 1.75
down JSW Steel Metals 27.93 3.58 0.09 1.50
down Aurobindo Pharma Healthcare 16.12 2.56 0.10 1.50
up Hindustan Unilever FMCG 71.87 5.06 0.00 1.44
down Grasim Industries Construction 14.49 2.04 0.02 1.25
down Tata Motors Automobile -- 1.30 0.00 1.23
up HPCL Energy 6.67 1.21 0.01 1.21
up Wipro Technology 18.39 1.20 0.00 1.20
up United Spirits FMCG 176.31 1.27 0.00 1.11
down Divi's Laboratories Healthcare 50.96 1.55 0.00 1.10
down Indusind Bank Financial 12.67 1.83 0.00 1.00
up Lupin Healthcare -- 1.34 0.00 0.92
up Biocon Healthcare 78.54 0.91 0.00 0.91
up Tata Consultancy Services Technology 30.32 5.35 0.00 0.90
down Power Finance Corp. Financial 3.07 1.03 0.00 0.78
down Adani Ports and Special Economic Zone Services 20.51 1.58 0.00 0.76
up Dr. Reddy's Lab Healthcare 43.73 1.36 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-Aug-2020

Fund Manager

— Anand Devendra Gupta since 12-Sep-2018

Education: Mr. Gupta is B.Com and PGDBA

Experience: Prior to joining Reliance AMC he has worked with ICICI Prudential AMC and Refco - Sify Securities Pvt. Ltd.

Funds Managed:

— Anju Chhajer since 01-Feb-2020

Education: Ms. Chhajer is a B.Com (H) and a Chartered Accountant.

Experience: Prior to joining Reliance Mutual Fund Ltd. as a fund manager, she has worked with National Insurance Company as a Money Maker Instruments and D.C Dharewa & Co.

Funds Managed:

Invest Online
-0.04%

Change from previous, NAV as on 01-Oct-2020

Growth: ₹ 20.4736

Dividend Monthly: ₹ 10.7814

Dividend: ₹ 12.4093

Investment Strategy

The scheme seeks to generate income by taking advantage of the arbitrage opportunities that potentially exists between cash and derivative market and within the derivative segment along with investments in debt securities & money market instruments.

Investment Details

Minimum Investment (₹) 5,000
Minimum Addl Investment (₹) 1,000
Minimum SIP Investment (₹) 100
Minimum No of Cheques 60
Minimum Withdrawal (₹) 100
Minimum Balance (₹) 1
Exit Load 0.25% for redemption within 30 days

Basic Details

Fund House: Nippon India Mutual Fund
Launch Date: 14-Oct-2010
Return Since Launch: 7.45%
Benchmark: NIFTY 50 Arbitrage
Riskometer: Moderately Low
Type: Open-ended
Assets: ₹ 7,384 Cr (As on 31-Aug-2020)
Expense: 1.02% (As on 31-Aug-2020)
Risk Grade: Average
Return Grade: High
Turnover: 1,297.00%

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Monthly24-Aug-20200.0300

 22-Jun-20200.0500
 23-Mar-20200.0443
 24-Feb-20200.0443
 27-Jan-20200.0443
 23-Dec-20190.0443
 25-Nov-20190.0443
 29-Oct-20190.0443
 24-Sep-20190.0443
 26-Aug-20190.0443
 22-Jul-20190.0443
 24-Jun-20190.0443
 27-May-20190.0443
 22-Apr-20190.0443
 25-Mar-20190.0443
 25-Feb-20190.0443
 28-Jan-20190.0443
 24-Dec-20180.0443
 26-Nov-20180.0443
 22-Oct-20180.0500
 24-Sep-20180.0443
 27-Aug-20180.0443
 23-Jul-20180.0443
 25-Jun-20180.0443
 28-May-20180.0443
Dividend22-Jun-20200.1500

 23-Mar-20200.1328
 23-Dec-20190.1328
 24-Sep-20190.1328
 24-Jun-20190.1328
 25-Mar-20190.1328
 24-Dec-20180.1328
 24-Sep-20180.1328
 25-Jun-20180.1328
 23-Mar-20180.2000
 26-Dec-20170.1500
 25-Sep-20170.1500
 27-Jun-20170.1500
 24-Apr-20170.1500
 26-Dec-20160.1500
 26-Sep-20160.1500
 27-Jun-20160.1500
 28-Mar-20160.1500
 28-Dec-20150.1500
 29-Sep-20150.1500
 29-Jun-20150.2500
 23-Mar-20150.4000
 25-Nov-20140.1500
 28-Feb-20142.2500

Contact Information

AMC: Nippon India Life Asset Management Ltd.

Address: Reliance Centre, 7th Floor, South Wing Off Western Express Highway Santacruz (East) Mumbai - 400055

Phone: 022-68334800 / 18602660111

Fax: 022-33037662

Email: [email protected]

Website: http://www.nipponindiamf.com

Registrar & Transfer Agent: KFin Technologies Pvt Ltd.

Address: 303, Vamsee Estates, Opp. Big Bazaar, Ameerpet, Hyderabad - 500016

Phone: 040-44857874

Email: [email protected]

Website: www.karvymfs.com

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