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4 star

Aditya Birla Sun Life Arbitrage Fund - Direct Plan


Hybrid: Arbitrage

1 Lakh

Investment Grown to
₹ 1.18 Lakh

₹ 10000

Monthly SIP Grown to
₹ 3.89 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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(₹)
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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 2.17 0.04 0.10 0.46 1.42 2.46 4.07 5.81 6.15 6.57 --
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 --
Hybrid: Arbitrage 1.84 0.04 0.10 0.41 1.25 2.09 3.65 5.40 5.86 6.49 --
Rank within category 2 14 15 5 3 2 11 6 6 6 --
Number of funds in category 27 27 27 27 27 27 25 18 16 10 0

As on 14-Jun-2021

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
Aditya Birla Sun Life Arbitrage Fund - Direct Plan  | Invest Online
4 star
Jan-13 4.07 5.81 6.15 0.29 6,250
Kotak Equity Arbitrage Fund - Direct Plan  | Invest Online
4 star
Jan-13 4.18 5.81 6.17 0.44 20,291
Nippon India Arbitrage Fund - Direct Plan
5 star
Jan-13 4.18 5.96 6.35 0.34 11,792
Edelweiss Arbitrage Fund - Direct Plan  | Invest Online
5 star
Jun-14 4.10 6.01 6.35 0.34 5,503
L&T Arbitrage Opportunities Fund - Direct Plan  | Invest Online
4 star
Jun-14 4.36 5.89 6.27 0.32 4,488

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 1.15 11-Mar-2014 - 18-Mar-2014 -0.48 29-May-2020 - 05-Jun-2020
Month 1.87 04-Mar-2014 - 03-Apr-2014 -0.16 29-May-2020 - 29-Jun-2020
Quarter 3.51 10-Apr-2013 - 10-Jul-2013 0.17 29-May-2020 - 28-Aug-2020
Year 11.18 16-Apr-2013 - 16-Apr-2014 3.59 29-May-2020 - 31-May-2021

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 5.71 0.80 1.76 2.46 0.69 1.94
CCIL T Bill Liquidity Weight 3.52 0.39 -2.00 -4.76 -- --
Hybrid: Arbitrage 5.32 0.95 1.39 2.08 0.80 1.65
Rank within category 7 8 7 8 4 11
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 119
Top 10 Holdings (%) 44.87
Top 5 Holdings (%) 31.85
Top 3 Sectors (%) 0.00
Portfolio P/B Ratio 2.04
Portfolio P/E Ratio 18.22
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 Aditya Birla SL Money Manager Direct-G Mutual Fund -- 0.00 - 14.63 14.16
equal Aditya Birla SL Liquid Direct-G Mutual Fund -- 0.00 - 11.31 6.12
up Aditya Birla SL Floating Rate Direct-G Mutual Fund -- 0.00 - 2.41 2.41
down Aditya Birla SL Low Duration Direct-G Mutual Fund -- 0.00 - 4.98 2.36
equal HDFC 19/05/2022 Non Convertible Debenture AAA 0.00 - 0.78 0.41
equal 3.35% HDFC Bank 2021 Fixed Deposits -- 0.40 - 0.75 0.40
equal 3.35% HDFC Bank 15/07/2021 Fixed Deposits -- 0.40 - 0.75 0.40
equal 3.35% HDFC Bank 2021 Fixed Deposits -- 0.00 - 0.75 0.40
equal 3.45% HDFC Bank 16/06/2021 Fixed Deposits -- 0.40 - 0.75 0.40
equal 8.37% LIC Housing Fin. 21/05/2023 Debenture AAA 0.00 - 0.48 0.26
equal Others CBLO -- - 4.92

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 Adani Ports and Special Economic Zone Services 31.17 4.32 0.00 4.32
up ICICI Bank Financial 24.18 5.67 0.00 3.77
down State Bank of India Financial 17.13 5.03 0.00 3.48
down Reliance Industries Energy 30.87 8.87 0.09 3.18
down Bharti Airtel Communication -- 5.63 0.13 2.60
up JSW Steel Metals 22.30 5.16 0.69 2.47
down Bharat Petroleum Corporation Energy 6.52 2.10 0.00 2.10
up SAIL Metals 13.91 2.08 0.00 2.08
up Sun Pharmaceutical Industries Healthcare 56.02 4.36 0.43 1.76
up Infosys Technology 32.41 5.12 0.00 1.63
down Tata Steel Metals 19.00 1.62 0.00 1.52
up Vedanta Metals 8.79 3.03 0.00 1.42
up HDFC Financial 24.55 9.01 0.49 1.40
up Bank of Baroda Financial 28.57 1.40 0.00 1.40
down Aurobindo Pharma Healthcare 10.89 4.89 0.00 1.25
equal Grasim Industries Construction 22.76 1.93 0.26 1.21
down Larsen & Toubro Construction 18.39 2.32 0.00 1.20
down Tata Consultancy Services Technology 37.49 3.22 0.00 1.11
down Hindustan Petroleum Corporation Energy 3.99 1.28 0.00 1.01
up UPL Chemicals 22.41 0.99 0.21 0.99
up Punjab National Bank Financial 18.37 0.98 0.00 0.98
down Axis Bank Financial 31.67 4.70 0.00 0.97
down Adani Enterprises Services 177.77 1.11 0.00 0.94
up Zee Entertainment Services 26.35 1.07 0.00 0.94
down HCL Technologies Technology 24.09 2.00 0.00 0.92

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

Fund Manager

— Lovelish Solanki since 15-Dec-2014

Education: He has done BMS and MMS in finance.

Experience: Prior to joining Aditya Birla Sun Life AMC Limited, he was Equity /Equity Derivatives - Trader at Union KBC Asset Management Co Limited since February 2011. Before that he worked at Edleweiss Asset Management Co. Ltd since January 2008.

Funds Managed:


0.04%

Change from previous, NAV as on 14-Jun-2021

Growth: ₹ 22.0172

IDCW: ₹ 11.1787


Investment Strategy

The Scheme seeks to generate income by investing predominantly in equity and equity related instruments. It intends to take advantage from the price differentials / mis-pricing prevailing for stock / index in various market segments (Cash & Future).

Investment Details

Minimum Investment (₹) 1,000
Minimum Addl Investment (₹) 1,000
Minimum SIP Investment (₹) 1,000
Minimum No of Cheques 6
Minimum Withdrawal (₹) 1
Minimum Balance (₹) 500
Lock-in Period Not Applicable
Exit Load 0.25% for redemption within 30 days

Basic Details

Fund House: Aditya Birla Sun Life Mutual Fund
Launch Date: 01-Jan-2013
Return Since Launch: 7.15%
Benchmark: NIFTY 50 Arbitrage TRI
Riskometer: Low
Type: Open-ended
Assets: ₹ 6,250 Cr (As on 31-May-2021)
Expense: 0.29% (As on 30-Apr-2021)
Risk Grade: Below Average
Return Grade: Average
Turnover: 1,243.00%

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW21-May-20210.0540

 23-Apr-20210.0280
 19-Mar-20210.0150
 18-Feb-20210.0300
 22-Jan-20210.0220
 24-Dec-20200.0280
 20-Nov-20200.0280
 23-Oct-20200.0280
 18-Sep-20200.0280
 20-Aug-20200.0280
 24-Jul-20200.0220
 19-Jun-20200.0280
 22-May-20200.0550
 24-Apr-20200.0280
 18-Mar-20200.1062
 24-Feb-20200.0460
 24-Jan-20200.0460
 26-Dec-20190.0460
 22-Nov-20190.0496
 25-Oct-20190.0514
 20-Sep-20190.0496
 23-Aug-20190.0496
 19-Jul-20190.0487
 21-Jun-20190.0531
 24-May-20190.0531

Contact Information

AMC: Aditya Birla Sun Life AMC Ltd.

Address: One India Bulls Center - Tower 1, 17th Floor - Jupiter Mills Compound, 841 Senapati Bhawan, Elphinstone Road, Mumbai - 400013

Phone: 022-43568000 / 1800-270-7000 / 1800-22-7000

Fax: 022-43568110

Website: http://mutualfund.adityabirlacapital.com

Registrar & Transfer Agent: Computer Age Management Services Ltd.

Address: 7th Floor, Tower II, Rayala Towers, 158, Anna Salai, Chennai - 600002

Phone: 1800-3010-6767 / 1800-419-7676

Fax: 044-30407101

Email: [email protected]

Website: www.camsonline.com

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