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Nippon India Arbitrage Fund download report

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Hybrid: Arbitrage

Analysts' Choiceunlock it

1 Lakh

Investment Grown to
₹ 1.13 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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Annual Returns
Quarterly Returns
Monthly Returns
Weekly Returns

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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
Nippon India Arbitrage-G 1.76 -0.11 0.10 0.21 0.84 1.76 3.54 4.23 5.11 5.41 6.49
CCIL T Bill Liquidity Weight 0.91 0.05 0.07 0.27 0.34 0.91 1.99 2.70 3.31 3.68 4.25
Hybrid: Arbitrage 1.63 -0.12 0.10 0.21 0.80 1.63 3.19 3.96 4.71 5.22 6.24
Rank within category 7 8 15 14 10 7 6 8 2 3 3
Number of funds in category 25 25 25 25 25 25 25 22 17 15 10

As on 01-Jul-2022

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 3.54 4.23 5.11 1.06% 11,069
Kotak Equity Arbitrage Fund Regular Plan  | Invest Online
5 star
 Sep-05 3.77 4.36 5.12 1.01% 26,010
Tata Arbitrage Fund - Regular Plan  | Invest Online
5 star
 Dec-18 3.25 4.39 -- 1.08% 9,887
Edelweiss Arbitrage Fund - Regular Plan  | Invest Online
5 star
 Jun-14 3.69 4.36 5.09 1.07% 7,134
UTI Arbitrage Fund - Regular Plan  | Invest Online
4 star
 Jun-06 3.47 4.26 5.04 0.92% 5,498

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
Nippon India Arbitrage-G 4.18 0.74 0.92 1.36 0.61 1.18
CCIL T Bill Liquidity Weight 2.69 0.37 -2.20 -4.41 -- --
Hybrid: Arbitrage* 3.94 0.73 0.60 0.82 0.72 1.05
Rank within category* 8 11 8 8 9 11
Number of funds in category* 22 22 22 22 22 22

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

As on 31-May-2022

* As on 30-Jun-2022

Asset Allocation (%)

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Concentration & Valuation

Number of Stocks 152
Top 10 Holdings (%) 35.46
Top 5 Holdings (%) 22.39
Top 3 Sectors (%) 0.02
Portfolio P/B Ratio 2.67
Portfolio P/E Ratio 20.63
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 -- 6.00 - 7.68 7.23
equal Nippon India Liquid Direct-G Mutual Fund -- 3.37 - 4.29 4.05
equal Nippon India Low Duration Direct-G Mutual Fund -- 0.00 - 3.45 3.24
new Reserve Bank of India 182-D 10/11/2022 Treasury Bills SOV 0.00 - 2.65 2.65
equal 8.13% GOI 21/09/2022 Central Government Loan SOV 0.00 - 2.45 2.28
equal Reserve Bank of India 182-D 11/08/2022 Treasury Bills SOV 0.00 - 1.69 1.59
equal Reserve Bank of India 182-D 21/07/2022 Treasury Bills SOV 0.00 - 1.43 1.35
equal Reserve Bank of India 182-D 14/07/2022 Treasury Bills SOV 0.00 - 0.86 0.85
equal 6.84% GOI 19/12/2022 GOI Securities SOV 0.00 - 0.76 0.71
new 7.16% GOI 20/05/2023 Central Government Loan SOV 0.00 - 0.55 0.55
equal 6.92% REC 22/04/2023 Non Convertible Debenture AAA 0.40 - 0.49 0.45
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 HDFC Bank Financial 19.76 5.17 0.00 4.90
up Adani Enterprises Services 327.60 2.97 0.00 2.97
up ICICI Bank Financial 19.50 5.70 0.00 2.85
up Adani Ports and Special Economic Zone Services 30.31 3.71 0.00 2.83
down HCL Technologies Technology 19.70 3.07 0.04 2.41
down Indusind Bank Financial 13.03 2.80 0.07 2.33
down Hindustan Unilever Consumer Staples 60.41 5.06 0.02 2.31
up Infosys Technology 28.13 4.87 0.00 2.13
down Grasim Industries Materials 11.75 2.74 1.13 2.09
up Bajaj Finserv Financial 39.56 2.02 0.00 2.02
new Tata Consultancy Services Technology 31.66 5.35 0.00 1.98
up ITC Consumer Staples 23.02 2.79 0.00 1.36
up HDFC Financial 17.71 7.47 0.17 1.30
up Bajaj Finance Financial 48.37 3.13 0.00 1.25
up Maruti Suzuki India Automobile 65.38 2.28 0.00 1.16
down Reliance Industries Energy 26.85 7.92 0.35 1.06
down Zee Entertainment Services 21.43 1.66 0.00 1.03
down Aurobindo Pharma Healthcare 11.57 1.91 0.10 1.03
down UPL Chemicals 13.33 2.10 0.12 1.01
up Tech Mahindra Technology 17.67 1.10 0.01 0.94
up Axis Bank Financial 14.01 4.06 0.51 0.92
up Ambuja Cements Materials 29.32 0.87 0.00 0.87
up Larsen & Toubro Construction 25.51 2.01 0.09 0.87
up MindTree Technology 28.72 0.85 0.00 0.85
up Tata Motors Automobile -- 1.23 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-2022

*As on 30-Apr-2022

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
-0.11%

Change from previous, NAV as on 01-Jul-2022

Growth: ₹ 21.8266

IDCW Monthly: ₹ 11.3768

IDCW: ₹ 13.0805

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

Min. Investment (₹) 5,000
Min. Addl Investment (₹) 1,000
Min. SIP Investment (₹) 100
Min. No of Cheques 60
Min. Withdrawal (₹) 100
Min. 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: 6.89%
Benchmark: NIFTY 50 Arbitrage TRI
Riskometer: Low
Type: Open-ended
Assets: ₹ 11,069 Cr (As on 31-May-2022)
Expense: 1.06% (As on 31-May-2022)
Risk Grade: Average
Return Grade: Above Average
Turnover: 1,258.00%

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

Registrar & Transfer Agent: KFin Technologies 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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