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Nippon India Arbitrage Fund


1 Lakh

Investment Grown to
₹ 1.20 Lakh

₹ 10000

Monthly SIP Grown to
₹ 3.97 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 1.35 0.31 0.47 0.80 1.59 2.94 6.59 6.37 6.54 7.18 --
CCIL T Bill Liquidity Weight 0.58 0.02 0.03 0.28 0.79 1.74 4.08 4.14 4.44 4.77 --
Hybrid: Arbitrage 1.30 0.32 0.44 0.74 1.52 2.80 6.26 5.88 6.31 6.96 --
Rank within category 8 13 6 5 9 10 7 1 1 1 --
Number of funds in category 24 25 25 24 24 23 23 17 15 10 9

As on 28-Feb-2020

Best & Worst Performance

Best (Period) Worst (Period)
Week 0.76 (28-Feb-2012 - 06-Mar-2012) -0.33 (05-Nov-2012 - 12-Nov-2012)
Month 1.61 (02-Aug-2013 - 03-Sep-2013) -0.07 (16-Aug-2011 - 15-Sep-2011)
Quarter 3.37 (30-Apr-2012 - 31-Jul-2012) 1.05 (14-Oct-2019 - 13-Jan-2020)
Year 10.86 (27-Sep-2011 - 26-Sep-2012) 5.49 (25-Nov-2016 - 27-Nov-2017)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 6.07 0.58 0.69 1.37 0.57 1.32
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 1 13 1 1 11 1
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 114
Top 10 Holdings (%) 35.90
Top 5 Holdings (%) 23.05
Top 3 Sectors (%) 0.00
Portfolio P/B Ratio 2.36
Portfolio P/E Ratio 20.89

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 Axis Bank Fixed Deposits -- 2.95 - 5.48 5.48
equal HDFC Bank Fixed Deposits -- 4.76 - 12.83 4.76
equal 8.70% HDFC 15/12/2020 Debenture AAA 0.00 - 2.67 2.67
new Nippon India Money Market Direct-G Mutual Fund -- 0.00 - 1.91 1.91
equal Federal Bank Fixed Deposits -- 0.98 - 3.07 1.91
new 8.40% SIDBI 2021 Debenture AAA 0.00 - 1.47 1.47
down Axis Bank 2020 Certificate of Deposit A1+ 0.00 - 3.15 1.36
new 8.85% HDFC Bank 31/12/2099 Bonds AA+ 0.00 - 1.26 1.26
new 8.15% REC 18/01/2021 Bonds/Debentures AAA 0.00 - 1.21 1.21
new 8.75% Axis Bank Bonds/Debentures AA+ 0.00 - 0.96 0.96
equal 8.80% HDFC 18/06/2020 Debenture AAA 0.00 - 0.96 0.96
down HDFC 352-D 27/02/2020 Commercial Paper A1+ 0.00 - 1.09 0.81
equal 7.40% HDFC 17/11/2020 Non Convertible Debenture AAA 0.00 - 0.80 0.72
down Shriram City Union Finance 21/09/2021 Debenture AA+ 0.71 - 1.22 0.71
new 7.50% Power Finance Corp. 16/08/2021 Debenture AAA 0.00 - 0.58 0.58
new 8.39% National Bank Agr. Rur. Devp 19-D 19/07/2021 Debenture AAA 0.00 - 0.49 0.49
equal 8.51% HDFC 15/07/2020 Non Convertible Debenture AAA 0.00 - 0.53 0.48
new 6.90% REC 30/06/2022 Debenture AAA 0.00 - 0.48 0.48
equal HDFC 16/09/2020 Debenture AAA 0.00 - 0.39 0.39
new 8.18% Power Finance Corp. 19/03/2022 Debenture AAA 0.00 - 0.24 0.24
equal 7.67% HDFC 19/05/2020 Bonds/NCDs AAA 0.00 - 0.27 0.24
equal 1.50% HDFC 22/06/2020 Bonds/Debentures AAA 0.00 - 0.11 0.10

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 19.42 8.61 0.00 5.41
up Sun Pharmaceutical Inds. Healthcare 22.37 5.41 0.40 4.13
down Tata Consultancy Services Technology 23.16 5.35 0.00 3.28
down Axis Bank Financial 41.06 3.38 0.00 2.97
down ITC FMCG 16.21 3.82 0.00 2.56
down Bajaj Finance Financial 49.25 3.13 0.00 2.48
down HDFC Financial 17.28 7.47 0.00 2.18
up State Bank of India Financial 23.02 4.32 0.00 2.16
down HDFC Bank Financial 24.57 5.01 0.00 2.14
up Grasim Industries Construction 11.14 2.04 0.00 1.80
up Maruti Suzuki India Automobile 30.70 3.79 0.00 1.75
up Infosys Technology 19.05 6.61 0.00 1.74
up GSK Consumer Healthcare FMCG 34.37 1.64 0.00 1.64
down JSW Steel Metals 10.70 3.58 0.09 1.36
down Larsen & Toubro Construction 17.00 2.13 0.00 1.35
up Indusind Bank Financial 17.01 1.64 0.00 1.25
up Kotak Mahindra Bank Financial 35.49 1.18 0.00 1.11
up ICICI Bank Financial 33.85 5.85 0.00 1.07
down Mahindra & Mahindra Automobile 26.33 2.87 0.00 1.04
down Vedanta Metals 5.00 4.04 0.00 0.99
up Asian Paints Chemicals 63.50 1.87 0.00 0.94
down Hindustan Unilever FMCG 69.20 2.45 0.00 0.94
down Adani Ports and Special Economic Zone Services 14.76 1.50 0.00 0.92
up Ultratech Cement Construction 34.49 1.44 0.00 0.89
up Hindalco Inds. Metals 8.21 3.10 0.00 0.84

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

— 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:


0.31%

Change from previous, NAV as on 28-Feb-2020

Growth: ₹ 20.0708

Dividend Monthly: ₹ 10.6983

Dividend: ₹ 12.4640


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: 7.71%
Benchmark: NIFTY 50 Arbitrage
Riskometer: Moderately Low
Type: Open-ended
Assets: ₹ 10,497 Cr (As on 31-Jan-2020)
Expense: 1.05% (As on 31-Jan-2020)
Risk Grade: Average
Return Grade: High
Turnover: 1,372.00%

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Monthly24-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
 23-Apr-20180.0443
 23-Mar-20180.1000
 19-Feb-20180.0500
Dividend23-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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