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4 star

Aditya Birla Sun Life Arbitrage Fund - Direct Plan


Hybrid: Arbitrage

1 Lakh

Investment Grown to
₹ 1.21 Lakh

₹ 10000

Monthly SIP Grown to
₹ 3.94 Lakh

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 2.86 -0.01 0.00 0.06 1.16 2.57 5.70 6.44 6.58 7.22 --
CCIL T Bill Liquidity Weight 2.06 -0.01 0.05 0.22 0.84 1.89 3.85 4.13 4.32 4.69 --
Hybrid: Arbitrage 2.66 0.01 0.02 0.07 0.99 2.36 5.26 6.13 6.54 7.25 --
Rank within category 12 21 18 17 10 12 10 9 9 5 --
Number of funds in category 24 26 26 25 25 24 23 17 15 9 0

As on 13-Jul-2020

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 5.70 6.44 6.58 0.32 4,387
Kotak Equity Arbitrage Fund - Direct Plan  | Invest Online
5 star
Jan-13 5.63 6.47 6.62 0.44 15,853
Nippon India Arbitrage Fund - Direct Plan
5 star
Jan-13 5.83 6.78 6.79 0.31 7,847
Edelweiss Arbitrage Fund - Direct Plan  | Invest Online
5 star
Jun-14 6.13 6.72 6.84 0.35 3,708
UTI Arbitrage Fund - Direct Plan  | Invest Online
4 star
Jan-13 5.74 6.50 6.58 0.35 2,986

Best & Worst Performance

Best (Period) Worst (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) 0.96 (09-Apr-2020 - 09-Jul-2020)
Year 11.18 (16-Apr-2013 - 16-Apr-2014) 5.72 (10-Jul-2019 - 09-Jul-2020)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 6.41 0.66 1.68 2.33 0.33 1.51
CCIL T Bill Liquidity Weight 4.07 0.28 -4.34 -7.86 -- --
Hybrid: Arbitrage 6.10 0.84 1.31 1.85 0.48 1.38
Rank within category 8 4 6 7 7 10
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 30-Jun-2020

Asset Allocation (%)

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Concentration & Valuation

Number of Stocks 95
Top 10 Holdings (%) 36.02
Top 5 Holdings (%) 25.86
Top 3 Sectors (%) 0.19
Portfolio P/B Ratio 1.83
Portfolio P/E Ratio 17.58

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 6.65% Federal Bank 28/09/2020 Fixed Deposits -- 0.00 - 1.66 1.14
equal 6.65% RBL Bank 2020 Fixed Deposits -- 0.87 - 1.66 1.14
equal 5.40% HDFC Bank 22/10/2020 Fixed Deposits -- 0.00 - 1.66 1.14
equal 5.00% HDFC Bank 20/01/2021 Fixed Deposits -- 0.00 - 1.54 1.14
equal 7.00% Federal Bank 2020 Fixed Deposits -- 0.00 - 1.63 1.12
equal 6.85% Federal Bank 20/08/2020 Fixed Deposits -- 0.00 - 1.60 1.09
equal 6.85% Federal Bank 13/08/2020 Fixed Deposits -- 0.00 - 1.60 1.09
equal 6.85% Federal Bank 18/08/2020 Fixed Deposits -- 0.00 - 1.60 1.09
equal 6.65% Federal Bank 18/09/2020 Fixed Deposits -- 0.00 - 1.33 0.91
equal 9.02% LIC Housing Fin. 2020 Debenture AAA 0.00 - 0.61 0.58
equal 7.65% L&T Finance 20/08/2020 Non Convertible Debenture AAA 0.00 - 0.77 0.57
equal 6.75% RBL Bank 2020 Fixed Deposits -- 0.43 - 0.83 0.57
new 3.35% HDFC Bank 2021 Fixed Deposits -- 0.00 - 0.57 0.57
equal 3.35% HDFC Bank 15/07/2021 Fixed Deposits -- 0.00 - 0.60 0.57
equal 3.35% HDFC Bank 2021 Fixed Deposits -- 0.00 - 0.60 0.57
new 3.00% HDFC Bank 17/09/2020 Fixed Deposits -- 0.00 - 0.57 0.57
equal 3.35% HDFC Bank 15/09/2020 Fixed Deposits -- 0.00 - 0.60 0.57
equal 4.00% HDFC Bank 17/03/2021 Fixed Deposits -- 0.00 - 0.60 0.57
equal 4.00% HDFC Bank 18/03/2021 Fixed Deposits -- 0.00 - 0.60 0.57
equal 3.35% HDFC Bank 2020 Fixed Deposits -- 0.00 - 0.60 0.57
equal 4.00% HDFC Bank 2021 Fixed Deposits -- 0.00 - 0.60 0.57
equal 4.00% HDFC Bank 2021 Fixed Deposits -- 0.00 - 0.60 0.57
equal 3.45% HDFC Bank 16/06/2021 Fixed Deposits -- 0.00 - 0.60 0.57
equal 3.40% HDFC Bank 25/03/2021 Fixed Deposits -- 0.00 - 0.60 0.57
equal 5.00% HDFC Bank 2021 Fixed Deposits -- 0.00 - 0.83 0.57

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 HDFC Financial 14.94 9.01 0.00 7.16
up Reliance Industries Energy 33.24 8.87 0.00 6.63
down Bharti Airtel Communication -- 4.97 0.02 4.46
up ICICI Bank Financial 23.93 4.25 0.00 4.25
down Axis Bank Financial 67.06 4.70 0.00 3.37
down State Bank of India Financial 8.70 5.03 0.00 2.67
down Hindustan Unilever FMCG 78.80 3.91 0.00 2.14
up Aurobindo Pharma Healthcare 16.75 4.89 0.00 1.99
down Sun Pharmaceutical Inds. Healthcare 31.84 4.36 0.20 1.81
down Grasim Industries Construction 9.09 1.85 0.18 1.56
new ITC FMCG 15.86 3.91 0.00 1.49
up Indusind Bank Financial 8.40 1.81 0.00 1.32
down Vedanta Metals -- 3.07 0.00 1.26
up Dr. Reddy's Lab Healthcare 31.99 1.20 0.01 1.20
up JSW Steel Metals 11.90 5.16 0.69 1.13
up HCL Technologies Technology 14.79 1.18 0.00 1.08
up Maruti Suzuki India Automobile 31.89 3.71 0.06 0.99
up Cipla Healthcare 33.27 1.37 0.00 0.92
up Adani Ports and Special Economic Zone Services 17.93 1.22 0.00 0.90
down BPCL Energy 26.98 1.37 0.00 0.88
equal United Spirits FMCG 69.37 1.40 0.05 0.81
up Divi's Laboratories Healthcare 43.11 0.71 0.00 0.71
down Tech Mahindra Technology 14.38 0.84 0.00 0.69
up Ultratech Cement Construction 18.80 1.41 0.00 0.68
up Indian Oil Corp. Energy -- 0.91 0.00 0.66

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 30-Jun-2020

Fund Manager

— Lovelish Solanki since 15-Dec-2014

Education: He has done BMS and MMS in finance.

Experience: He has worked with Edelweiss AMC from Jan 2008 - February 2011. Prior to working wirh Birla Sun Life, he has worked as an equity/ equity derivative trader at Union KBC.

Funds Managed:


-0.01%

Change from previous, NAV as on 13-Jul-2020

Growth: ₹ 21.1627

Dividend: ₹ 11.0499


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
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: 7.49%
Benchmark: NIFTY 50 Arbitrage
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 4,387 Cr (As on 30-Jun-2020)
Expense: 0.32% (As on 31-May-2020)
Risk Grade: Below Average
Return Grade: Average
Turnover: 1,238.00%

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend19-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
 18-Apr-20190.0540
 22-Mar-20190.0549
 22-Feb-20190.0549
 25-Jan-20190.0549
 21-Dec-20180.0558
 22-Nov-20180.0576
 19-Oct-20180.0576
 21-Sep-20180.0487
 24-Aug-20180.0487
 20-Jul-20180.0487
 22-Jun-20180.0487

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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