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Invesco India Arbitrage Fund - Direct Plan download report

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Hybrid: Arbitrage

Analysts' Choiceunlock it

1 Lakh

Investment Grown to
₹ 1.16 Lakh

₹ 10000

Monthly SIP Grown to
₹ 3.86 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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(₹)
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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
Invesco India Arbitrage Direct-G 2.08 -0.02 0.12 0.51 1.22 2.53 4.71 5.11 5.67 5.99 --
CCIL T Bill Liquidity Weight 0.55 0.03 0.00 -0.04 0.32 0.83 1.91 2.81 3.35 3.75 --
Hybrid: Arbitrage 1.51 -0.04 0.10 0.37 0.86 1.90 4.12 4.73 5.43 5.92 --
Rank within category 1 5 5 1 1 1 3 4 9 8 --
Number of funds in category 25 25 25 25 25 25 25 22 17 15 0

As on 16-May-2022

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
Invesco India Arbitrage Fund - Direct Plan  | Invest Online
3 star
 Jan-13 4.71 5.11 5.67 0.36% 1,013
Kotak Equity Arbitrage Fund - Direct Plan  | Invest Online
4 star
 Jan-13 4.62 5.05 5.76 0.41% 24,648
Nippon India Arbitrage Fund - Direct Plan
4 star
 Jan-13 4.58 5.10 5.91 0.34% 10,898
Tata Arbitrage Fund - Direct Plan  | Invest Online
5 star
 Dec-18 4.34 5.38 -- 0.31% 10,059
Edelweiss Arbitrage Fund - Direct Plan  | Invest Online
5 star
 Jun-14 4.71 5.25 5.91 0.35% 6,838

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 0.68 25-Mar-2020 - 01-Apr-2020 -0.50 29-May-2020 - 05-Jun-2020
Month 1.04 05-Feb-2016 - 08-Mar-2016 -0.04 29-May-2020 - 29-Jun-2020
Quarter 2.64 11-Sep-2013 - 11-Dec-2013 0.32 29-May-2020 - 28-Aug-2020
Year 9.40 16-May-2014 - 18-May-2015 3.62 29-May-2020 - 31-May-2021

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Invesco India Arbitrage Direct-G 5.02 0.76 1.95 3.30 0.88 2.08
CCIL T Bill Liquidity Weight 2.86 0.36 -1.85 -5.13 -- --
Hybrid: Arbitrage 4.68 0.77 1.48 2.19 0.92 1.77
Rank within category 6 10 5 2 9 7
Number of funds in category 22 22 22 22 22 22

The Risk Measures have been calculated using calendar month returns for the last three years.

As on 30-Apr-2022

Asset Allocation (%)

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Concentration & Valuation

Number of Stocks 139
Top 10 Holdings (%) 43.19
Top 5 Holdings (%) 30.86
Top 3 Sectors (%) 0.01
Portfolio P/B Ratio 2.17
Portfolio P/E Ratio 14.02
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
up Invesco Inida Liquid Fund - Direct Plan Mutual Fund -- 7.30 - 16.80 16.80
equal Reserve Bank of India 364-D 16/06/2022 Treasury Bills SOV 0.00 - 4.26 3.44
equal Reserve Bank of India 364-D 30/06/2022 Treasury Bills SOV 0.00 - 3.04 2.45
equal Reserve Bank of India 182-D 21/07/2022 Treasury Bills SOV 0.00 - 2.81 2.45
new Reserve Bank of India 182-D 18/08/2022 Treasury Bills SOV 0.00 - 2.44 2.44
equal Reserve Bank of India 364-D 13/10/2022 Treasury Bills SOV 0.00 - 2.40 1.94
equal 5.75% HDFC Bank 740-D 2022 Fixed Deposits -- 0.38 - 0.54 0.38
equal 5.75% HDFC Bank 736-D 2022 Fixed Deposits -- 0.19 - 0.27 0.19
equal 5.75% HDFC Bank 739-D 2022 Fixed Deposits -- 0.19 - 0.27 0.19
equal 5.75% HDFC Bank 738-D 2022 Fixed Deposits -- 0.19 - 0.27 0.19
equal 5.75% HDFC Bank 737-D 2022 Fixed Deposits -- 0.19 - 0.27 0.19

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
new HDFC Bank Financial 19.04 7.66 0.00 4.73
down IDFC Financial -- 4.19 0.00 2.99
up HCL Technologies Technology 20.98 4.89 0.00 2.90
down Sun TV Network Services 9.44 3.51 0.00 2.64
new ITC Consumer Staples 21.15 7.36 0.00 2.35
down Power Finance Corporation Financial 2.04 3.02 0.00 2.22
up Zee Entertainment Services 21.76 2.01 0.00 2.01
down Delta Corp Services 90.85 3.07 0.00 1.93
down Granules India Healthcare 14.10 3.24 0.00 1.86
up L&T Infotech Technology 31.35 1.85 0.00 1.85
up Bharat Electronics Capital Goods 21.16 1.55 0.00 1.55
up NTPC Energy 9.54 1.43 0.00 1.43
up Muthoot Finance Financial 11.40 2.96 0.00 1.41
up Balrampur Chini Mills Consumer Staples 18.33 2.04 0.00 1.29
up Tata Communications Communication 18.81 1.28 0.00 1.28
new GNFC Chemicals 5.67 1.22 0.00 1.22
down Strides Pharma Science Healthcare -- 1.70 0.00 1.18
up Bajaj Finserv Financial 44.23 1.60 0.00 1.17
up Hindalco Inds. Metals & Mining 7.45 1.14 0.00 1.14
new Marico Consumer Staples 52.29 2.05 0.00 1.06
up Intellect Design Arena Technology 22.44 1.01 0.00 1.01
up Power Grid Corporation Energy 9.95 1.00 0.00 1.00
down Vedanta Metals & Mining 5.68 3.55 0.00 0.91
down Multi Commodity Exchange Of India Services 41.47 2.64 0.00 0.79
down Bajaj Finance Financial 48.64 6.91 0.00 0.78

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-Apr-2022

Fund Manager

— Deepak Gupta since 11-Nov-2021

Education: Mr. Gupta is a CA, CWA, Cleared CFA level III (AIMR, USA).

Experience: Prior to joining Invesco Asset Management (India) Pvt. Ltd., He has worked with Emkay Global Financial Services Ltd. and Kotak Asset Management Company Ltd.

Invest Online
-0.02%

Change from previous, NAV as on 16-May-2022

Growth: ₹ 27.3942

IDCW: ₹ 14.8754

Annual Bonus: ₹ 27.3911

Investment Strategy

The fund aims to generate income by cashing in on arbitrage opportunities emerging out of pricing mismatch between the cash market and the derivatives market.

Investment Details

Min. Investment (₹) 1,000
Min. Addl Investment (₹) 1,000
Min. SIP Investment (₹) 500
Min. No of Cheques 12
Min. Withdrawal (₹) 1,000
Min. Balance (₹) --
Lock-in Period Not Applicable
Exit Load 0.5% for redemption within 15 days

Basic Details

Fund House: Invesco Mutual Fund
Launch Date: 01-Jan-2013
Return Since Launch: 6.74%
Benchmark: NIFTY 50 Arbitrage TRI
Riskometer: Low
Type: Open-ended
Assets: ₹ 1,013 Cr (As on 30-Apr-2022)
Expense: 0.36% (As on 30-Apr-2022)
Risk Grade: Average
Return Grade: Average
Turnover: 1,513.00%

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW20-May-20210.0300

 19-Nov-20200.0500
 15-Oct-20200.0600
 19-Aug-20200.0200
 18-Jun-20200.0400
 21-May-20200.0400
 23-Apr-20200.0500
 19-Mar-20200.0443
 20-Feb-20200.0354
 28-Jan-20200.0177
 19-Dec-20190.0620
 21-Nov-20190.0354
 22-Oct-20190.0708
 19-Sep-20190.0708
 22-Aug-20190.0708
 18-Jul-20190.0708
 20-Jun-20190.0708
 16-May-20190.0708
 22-Mar-20190.0500
 21-Feb-20190.0500
 17-Jan-20190.0500
 20-Dec-20180.0500
 20-Nov-20180.0500
 19-Oct-20180.0400
 21-Sep-20180.0400

Contact Information

AMC: Invesco Asset Management (India) Pvt. Ltd

Address: 2101 - A-A Wing - 21st Floor, Marathon Futurex, N.M. Joshi Marg, Lower Parel, Mumbai - 400013

Phone: 022-67310000 / 1800-209-0007

Fax: 022-23019422

Website: http://www.invescomutualfund.com

Registrar & Transfer Agent: KFin Technologies 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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