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4 star

Aditya Birla Sun Life Arbitrage Fund - Direct Plan


Hybrid: Arbitrage

1 Lakh

Investment Grown to
₹ 1.20 Lakh

₹ 10000

Monthly SIP Grown to
₹ 3.93 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 3.96 0.03 0.10 0.29 1.03 1.91 4.93 6.22 6.40 7.02 --
CCIL T Bill Liquidity Weight 2.70 0.02 0.06 0.24 0.60 1.32 3.29 3.94 4.14 4.58 --
Hybrid: Arbitrage 3.70 0.03 0.09 0.28 0.99 1.71 4.55 5.91 6.35 7.03 --
Rank within category 12 13 13 16 15 13 12 10 8 6 --
Number of funds in category 24 27 27 27 26 25 24 17 15 9 0

As on 21-Oct-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 4.93 6.22 6.40 0.32 3,839
Kotak Equity Arbitrage Fund - Direct Plan  | Invest Online
4 star
Jan-13 5.03 6.25 6.45 0.45 15,111
Nippon India Arbitrage Fund - Direct Plan
4 star
Jan-13 5.14 6.58 6.63 0.35 7,168
Edelweiss Arbitrage Fund - Direct Plan  | Invest Online
5 star
Jun-14 5.40 6.49 6.67 0.40 3,316
UTI Arbitrage Fund - Direct Plan  | Invest Online
4 star
Jan-13 5.08 6.27 6.39 0.42 3,105

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) 0.17 (29-May-2020 - 28-Aug-2020)
Year 11.18 (16-Apr-2013 - 16-Apr-2014) 4.85 (14-Oct-2019 - 13-Oct-2020)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 6.07 0.75 1.34 1.76 0.65 1.76
CCIL T Bill Liquidity Weight 3.90 0.32 -3.63 -6.95 -- --
Hybrid: Arbitrage 5.77 0.92 1.06 1.49 0.75 1.58
Rank within category 9 6 10 9 6 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-Sep-2020

Asset Allocation (%)

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Concentration & Valuation

Number of Stocks 88
Top 10 Holdings (%) 39.52
Top 5 Holdings (%) 28.11
Top 3 Sectors (%) 0.00
Portfolio P/B Ratio 2.05
Portfolio P/E Ratio 20.55
Avg Credit Rating

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 5.40% HDFC Bank 22/10/2020 Fixed Deposits -- 0.87 - 1.66 1.30
equal 5.00% HDFC Bank 20/01/2021 Fixed Deposits -- 0.00 - 1.54 1.30
equal 2.75% HDFC Bank 2020 Fixed Deposits -- 0.00 - 0.65 0.65
equal 3.00% HDFC Bank 2020 Fixed Deposits -- 0.00 - 0.65 0.65
equal 3.00% HDFC Bank 2021 Fixed Deposits -- 0.00 - 0.65 0.65
equal 2.75% HDFC Bank 19/11/2020 Fixed Deposits -- 0.00 - 0.65 0.65
equal 2.75% HDFC Bank 18/11/2020 Fixed Deposits -- 0.00 - 0.65 0.65
equal 2.75% HDFC Bank 2020 Fixed Deposits -- 0.00 - 0.65 0.65
equal 5.75% HDFC Bank 2020 Fixed Deposits -- 0.43 - 0.83 0.65
equal 5.00% HDFC Bank 19/01/2021 Fixed Deposits -- 0.00 - 0.77 0.65
equal 5.00% HDFC Bank 2021 Fixed Deposits -- 0.00 - 0.83 0.65
equal 5.00% HDFC Bank 2021 Fixed Deposits -- 0.00 - 0.83 0.65
equal 4.00% HDFC Bank 18/03/2021 Fixed Deposits -- 0.00 - 0.65 0.65
equal 4.00% HDFC Bank 17/03/2021 Fixed Deposits -- 0.00 - 0.65 0.65
equal 4.00% HDFC Bank 2021 Fixed Deposits -- 0.00 - 0.65 0.65
equal 4.00% HDFC Bank 2021 Fixed Deposits -- 0.00 - 0.65 0.65
equal 3.45% HDFC Bank 16/06/2021 Fixed Deposits -- 0.00 - 0.65 0.65
equal 3.40% HDFC Bank 25/03/2021 Fixed Deposits -- 0.00 - 0.65 0.65
equal 3.35% HDFC Bank 15/07/2021 Fixed Deposits -- 0.00 - 0.65 0.65
equal 3.35% HDFC Bank 2021 Fixed Deposits -- 0.00 - 0.65 0.65
equal 3.35% HDFC Bank 2020 Fixed Deposits -- 0.00 - 0.65 0.65
equal 3.35% HDFC Bank 2021 Fixed Deposits -- 0.00 - 0.65 0.65
equal 3.35% HDFC Bank 2021 Fixed Deposits -- 0.00 - 0.65 0.65
equal 3.25% HDFC Bank 15/01/2021 Fixed Deposits -- 0.00 - 0.65 0.65
equal 3.25% HDFC Bank 14/01/2021 Fixed Deposits -- 0.00 - 0.65 0.65

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 Reliance Industries Energy 33.47 8.87 0.00 8.29
up HDFC Financial 16.64 9.01 0.00 7.65
up Bharti Airtel Communication -- 4.97 0.13 4.38
up ICICI Bank Financial 28.07 4.43 0.00 4.37
up ITC FMCG 14.30 3.91 0.00 3.41
equal Aurobindo Pharma Healthcare 15.36 4.89 0.00 2.85
down Axis Bank Financial 91.28 4.70 0.00 2.81
down JSW Steel Metals 32.02 5.16 0.69 2.12
down State Bank of India Financial 8.38 5.03 0.00 1.87
down Grasim Industries Construction 15.14 1.85 0.18 1.77
down Dr. Reddy's Lab Healthcare 42.62 1.36 0.01 1.36
up Adani Ports and Special Economic Zone Services 20.84 1.27 0.00 1.27
down Sun Pharmaceutical Inds. Healthcare 161.14 4.36 0.43 1.25
down Hindustan Unilever FMCG 72.68 3.91 0.00 1.09
equal Cipla Healthcare 37.10 1.37 0.00 1.06
up Vedanta Metals -- 3.07 0.00 1.06
up Larsen & Toubro Construction 15.63 2.32 0.00 1.05
up UPL Chemicals 17.72 0.97 0.27 0.94
up Divi's Laboratories Healthcare 50.74 0.93 0.00 0.93
equal BPCL Energy 21.71 1.37 0.00 0.87
down Indusind Bank Financial 13.12 1.32 0.00 0.80
down Tata Consultancy Services Technology 32.73 3.22 0.00 0.76
down Infosys Technology 27.07 5.12 0.00 0.73
down Britannia Inds. FMCG 46.40 1.28 0.00 0.73
up Tata Consumer Products FMCG 85.02 0.87 0.00 0.71

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-Sep-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:


0.03%

Change from previous, NAV as on 21-Oct-2020

Growth: ₹ 21.3901

Dividend: ₹ 11.0902


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: 7.37%
Benchmark: NIFTY 50 Arbitrage TRI
Riskometer: Moderately Low
Type: Open-ended
Assets: ₹ 3,839 Cr (As on 30-Sep-2020)
Expense: 0.32% (As on 30-Sep-2020)
Risk Grade: Below Average
Return Grade: Average
Turnover: 1,223.00%

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend18-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
 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

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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