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Nippon India Arbitrage Fund

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Hybrid: Arbitrage

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1 Lakh

Investment Grown to
₹ 1.18 Lakh

₹ 10000

Monthly SIP Grown to
₹ 3.87 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 0.11 0.03 0.12 0.18 0.77 1.66 4.08 5.61 5.82 6.39 7.27
CCIL T Bill Liquidity Weight 0.06 0.01 0.04 0.13 0.48 1.09 3.02 3.79 4.01 4.43 4.70
Hybrid: Arbitrage 0.10 0.03 0.12 0.17 0.67 1.51 3.52 5.04 5.59 6.20 6.94
Rank within category 15 14 19 14 13 12 8 1 1 2 1
Number of funds in category 27 27 27 27 27 26 24 17 15 10 10

As on 21-Jan-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
4 star
 Oct-10 4.08 5.61 5.82 1.01 8,029
Kotak Equity Arbitrage Fund Regular Plan  | Invest Online
5 star
 Sep-05 4.12 5.49 5.80 1.00 14,908
Edelweiss Arbitrage Fund - Regular Plan  | Invest Online
5 star
 Jun-14 4.27 5.50 5.82 1.10 3,195
UTI Arbitrage Fund - Regular Plan  | Invest Online
4 star
 Jun-06 4.12 5.47 5.72 0.94 2,969
L&T Arbitrage Opportunities Fund - Regular Plan  | Invest Online
4 star
 Jun-14 4.54 5.51 5.78 0.98 2,737

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) 3.98 (13-Jan-2020 - 12-Jan-2021)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 5.60 0.85 0.97 1.49 0.71 1.53
CCIL T Bill Liquidity Weight 3.78 0.34 -2.89 -5.80 -- --
Hybrid: Arbitrage 5.02 0.95 0.47 0.71 0.82 1.05
Rank within category 1 13 1 1 5 2
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-Dec-2020

Asset Allocation (%)

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Concentration & Valuation

Number of Stocks 102
Top 10 Holdings (%) 42.64
Top 5 Holdings (%) 28.93
Top 3 Sectors (%) --
Portfolio P/B Ratio 2.29
Portfolio P/E Ratio 24.65
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 -- 1.91 - 9.44 9.44
equal Nippon India Liquid Direct-G Mutual Fund -- 0.00 - 4.53 4.08
equal 6.32% REC 31/12/2021 Debenture AAA 0.00 - 2.63 2.36
equal Federal Bank Fixed Deposits -- 1.56 - 4.55 1.56
equal HDFC Bank Fixed Deposits -- 1.25 - 7.33 1.25
new Reserve Bank of India 364-D 25/03/2021 Treasury Bills SOV 0.00 - 1.24 1.24
new Reserve Bank of India 2021 Treasury Bills SOV 0.00 - 1.23 1.23
new Reserve Bank of India 364-D 08/07/2021 Treasury Bills SOV 0.00 - 0.92 0.92
new Reserve Bank of India 364-D 29/04/2021 Treasury Bills SOV 0.00 - 0.62 0.62
new Reserve Bank of India 364-D 03/06/2021 Treasury Bills SOV 0.00 - 0.61 0.61
new Reserve Bank of India 364-D 17/06/2021 Treasury Bills SOV 0.00 - 0.61 0.61
new 7.94% GOI 24/05/2021 Central Government Loan SOV 0.00 - 0.57 0.57
new Reserve Bank of India 364-D 10/06/2021 Treasury Bills SOV 0.00 - 0.49 0.49
new Reserve Bank of India 364-D 01/07/2021 Treasury Bills SOV 0.00 - 0.31 0.31
equal Others Margin Money -- - 0.25

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 Bharti Airtel Communication -- 5.74 0.23 5.22
down Reliance Industries Energy 34.78 8.61 0.05 4.82
down ICICI Bank Financial 27.39 5.85 0.00 4.73
down HDFC Financial 29.65 7.47 0.01 4.72
down Sun Pharmaceutical Inds. Healthcare 95.10 5.41 0.40 3.07
up Tata Steel Metals -- 4.13 0.00 2.16
down Infosys Technology 30.68 5.76 0.00 2.05
up Grasim Industries Construction 19.54 2.04 0.02 1.99
down Maruti Suzuki India Automobile 60.04 3.79 0.00 1.89
down JSW Steel Metals 64.41 3.58 0.09 1.82
down Adani Ports and Special Economic Zone Services 29.06 1.72 0.00 1.64
down State Bank of India Financial 11.22 3.47 0.00 1.57
up Axis Bank Financial 58.29 4.06 0.00 1.48
up Tata Consultancy Services Technology 39.34 5.35 0.00 1.31
up Adani Enterprises Services 67.05 1.23 0.00 1.23
down Vedanta Metals -- 1.59 0.20 1.10
up Dabur India FMCG 63.20 1.04 0.00 1.04
down HDFC Life Insurance Financial 105.56 0.89 0.00 0.89
up HCL Technologies Technology 20.39 1.77 0.00 0.86
down HPCL Energy 5.48 1.33 0.01 0.85
down Aurobindo Pharma Healthcare 16.83 2.21 0.10 0.84
up Indusind Bank Financial 25.07 1.83 0.00 0.83
down Larsen & Toubro Construction 16.92 2.13 0.00 0.78
down Cipla Healthcare 35.63 1.01 0.00 0.75
up Lupin Healthcare -- 0.99 0.00 0.73

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-Dec-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
0.03%

Change from previous, NAV as on 21-Jan-2021

Growth: ₹ 20.6783

Dividend Monthly: ₹ 10.7783

Dividend: ₹ 12.3923

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: 7.32%
Benchmark: NIFTY 50 Arbitrage TRI
Riskometer: Low to Moderate
Type: Open-ended
Assets: ₹ 8,029 Cr (As on 31-Dec-2020)
Expense: 1.01% (As on 31-Dec-2020)
Risk Grade: Average
Return Grade: High
Turnover: 1,280.00%

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend 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
Dividend20-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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