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Nippon India Arbitrage Fund

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Hybrid: Arbitrage

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1 Lakh

Investment Grown to
₹ 1.16 Lakh

₹ 10000

Monthly SIP Grown to
₹ 3.85 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 1.72 -0.02 0.08 0.41 1.25 1.91 3.46 5.22 5.65 6.17 7.11
CCIL T Bill Liquidity Weight 0.86 0.02 0.05 0.20 0.51 0.97 2.16 3.59 3.79 4.24 4.62
Hybrid: Arbitrage 1.51 -0.02 0.07 0.38 1.13 1.70 2.97 4.77 5.24 5.92 6.78
Rank within category 10 14 10 12 8 10 7 6 1 1 1
Number of funds in category 27 27 27 27 27 27 25 18 16 10 10

As on 11-Jun-2021

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
3 star
 Oct-10 3.46 5.22 5.65 1.01 11,792
Kotak Equity Arbitrage Fund Regular Plan  | Invest Online
5 star
 Sep-05 3.54 5.23 5.62 1.01 20,291
Aditya Birla Sun Life Arbitrage Fund  | Invest Online
4 star
 Jul-09 3.38 5.15 5.50 0.94 6,250
Edelweiss Arbitrage Fund - Regular Plan  | Invest Online
5 star
 Jun-14 3.31 5.24 5.63 1.09 5,503
L&T Arbitrage Opportunities Fund - Regular Plan  | Invest Online
4 star
 Jun-14 3.68 5.25 5.63 0.99 4,488

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) 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 2.96 29-May-2020 - 31-May-2021

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 5.16 0.84 1.03 1.62 0.78 1.47
CCIL T Bill Liquidity Weight 3.52 0.39 -2.00 -4.76 -- --
Hybrid: Arbitrage 4.74 0.95 0.69 1.06 0.81 1.07
Rank within category 6 14 6 3 8 6
Number of funds in category 18 18 18 18 18 18

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

As on 31-May-2021

Asset Allocation (%)

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Concentration & Valuation

Number of Stocks 131
Top 10 Holdings (%) 32.43
Top 5 Holdings (%) 20.33
Top 3 Sectors (%) 0.03
Portfolio P/B Ratio 2.15
Portfolio P/E Ratio 18.59
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 -- 5.84 - 9.44 6.53
equal Nippon India Liquid Direct-G Mutual Fund -- 3.45 - 4.53 3.67
up 8.79% GOI 2021 Central Government Loan SOV 0.00 - 2.76 2.76
equal 8.35% GOI 2022 GOI Securities SOV 0.00 - 1.89 1.77
equal 5.09% GOI 13/04/2022 GOI Securities SOV 0.00 - 1.83 1.71
new Reserve Bank of India 364-D 24/03/2022 Treasury Bills SOV 0.00 - 1.65 1.65
equal 8.20% GOI 15/02/2022 Central Government Loan SOV 0.00 - 1.83 1.57
equal Federal Bank Fixed Deposits -- 1.06 - 4.55 1.06
equal 6.17% GOI 15/07/2021 GOI Securities SOV 0.00 - 1.06 0.85
equal Reserve Bank of India 364-D 13/01/2022 Treasury Bills SOV 0.00 - 0.88 0.83
equal Reserve Bank of India 364-D 08/07/2021 Treasury Bills SOV 0.00 - 0.92 0.63
equal 9.02% REC 19/11/2022 Bonds AAA 0.00 - 0.56 0.45
equal 6.92% REC 22/04/2023 Non Convertible Debenture AAA 0.00 - 0.54 0.44
equal Reserve Bank of India 364-D 11/03/2022 Treasury Bills SOV 0.00 - 0.44 0.41
equal Reserve Bank of India 364-D 17/03/2022 Treasury Bills SOV 0.00 - 0.44 0.41
equal Reserve Bank of India 364-D 01/07/2021 Treasury Bills SOV 0.00 - 0.31 0.21
equal Reserve Bank of India 364-D 03/02/2022 Treasury Bills SOV 0.00 - 0.22 0.21
equal Others Margin Money -- - 0.00

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
down Tata Steel Metals 18.63 5.23 0.00 3.68
down Adani Ports and Special Economic Zone Services 34.29 3.54 0.00 3.48
down Bharti Airtel Communication -- 5.74 0.23 2.97
down State Bank of India Financial 17.11 3.47 0.00 2.93
down Sun Pharmaceutical Inds. Healthcare 56.29 4.58 0.40 2.27
up Axis Bank Financial 31.45 4.06 0.00 2.11
down Grasim Industries Construction 22.79 2.52 0.02 2.03
up HDFC Financial 24.65 7.47 1.86 1.93
down Indusind Bank Financial 26.82 2.75 0.00 1.76
equal JSW Steel Metals 22.34 3.58 0.09 1.71
up Vedanta Metals 8.86 1.70 0.07 1.70
up BPCL Energy 6.49 1.85 0.00 1.61
up UPL Chemicals 22.26 2.72 0.12 1.25
down Larsen & Toubro Construction 18.22 2.13 0.02 1.17
down Infosys Technology 31.86 5.76 0.00 1.14
up Jindal Steel & Power Metals 8.15 1.04 0.00 1.04
up Zee Entertainment Services 26.47 1.03 0.00 1.03
equal Tata Power Energy 35.61 1.27 0.00 0.98
up Power Finance Corp. Financial 3.71 0.98 0.00 0.98
down ICICI Bank Financial 23.94 5.85 0.00 0.95
down Reliance Industries Energy 30.46 8.61 0.41 0.93
up Adani Enterprises Services 190.90 1.23 0.00 0.92
up SAIL Metals 13.45 0.89 0.00 0.89
up Ultratech Cement Construction 35.20 1.93 0.00 0.88
up Bank of Baroda Financial 28.23 1.15 0.00 0.83

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-May-2021

*As on 30-Apr-2021

Fund Manager

— Anand Devendra Gupta since 12-Sep-2018

Education: Mr. Gupta is B.Com and PGDBA

Experience: Prior to joining Nippon India Mutual Fund 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 Nippon India 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
-0.02%

Change from previous, NAV as on 11-Jun-2021

Growth: ₹ 21.0117

IDCW Monthly: ₹ 10.9521

IDCW: ₹ 12.5921

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
Lock-in Period Not Applicable
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: 7.21%
Benchmark: NIFTY 50 Arbitrage TRI
Riskometer: Low
Type: Open-ended
Assets: ₹ 11,792 Cr (As on 31-May-2021)
Expense: 1.01% (As on 30-Apr-2021)
Risk Grade: Average
Return Grade: High
Turnover: 1,261.00%

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Monthly23-Nov-20200.0500

 20-Oct-20200.0600
 24-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
IDCW20-Oct-20200.1400

 22-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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