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Invesco India Arbitrage Fund - Direct Plan

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Hybrid: Arbitrage

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1 Lakh

Investment Grown to
₹ 1.18 Lakh

₹ 10000

Monthly SIP Grown to
₹ 3.90 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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(₹)
cal
cal

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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 0.54 0.07 0.03 0.37 1.02 1.91 4.08 5.80 6.20 6.75 --
CCIL T Bill Liquidity Weight 0.29 0.01 0.01 0.18 0.43 1.07 2.84 3.75 3.97 4.39 --
Hybrid: Arbitrage 0.46 0.10 0.01 0.32 0.88 1.73 3.45 5.53 6.17 6.71 --
Rank within category 7 21 9 9 7 12 7 12 10 6 --
Number of funds in category 27 27 27 27 27 27 25 18 15 9 0

As on 26-Feb-2021

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 4.08 5.80 6.20 0.31 505
Kotak Equity Arbitrage Fund - Direct Plan  | Invest Online
4 star
 Jan-13 4.11 5.93 6.30 0.41 15,528
Nippon India Arbitrage Fund - Direct Plan
5 star
 Jan-13 4.13 6.11 6.48 0.34 9,515
Edelweiss Arbitrage Fund - Direct Plan  | Invest Online
5 star
 Jun-14 4.39 6.14 6.50 0.39 3,324
UTI Arbitrage Fund - Direct Plan  | Invest Online
4 star
 Jan-13 4.02 5.89 6.23 0.38 3,223

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 4.36 03-Feb-2020 - 02-Feb-2021

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 5.71 0.77 1.35 2.17 0.79 1.79
CCIL T Bill Liquidity Weight 3.72 0.36 -2.62 -5.07 -- --
Hybrid: Arbitrage 5.45 0.95 1.09 1.62 0.89 1.62
Rank within category 12 1 8 4 5 13
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-Jan-2021

Asset Allocation (%)

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Concentration & Valuation

Number of Stocks 37
Top 10 Holdings (%) 55.69
Top 5 Holdings (%) 37.55
Top 3 Sectors (%) 0.03
Portfolio P/B Ratio 3.11
Portfolio P/E Ratio 27.44
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 -- 0.00 - 10.93 10.93
equal 7.87% HDFC 18/07/2022 Non Convertible Debenture AAA 0.00 - 3.27 2.06
up 6.18% GOI 2024 GOI Securities SOV 0.00 - 2.06 2.06
equal 5.05% Indian Oil Corp. 25/11/2022 Debenture AAA 0.00 - 2.47 2.00
equal 6.30% HDFC Bank 370-D 2021 Fixed Deposits -- 0.51 - 1.79 1.15
equal 5.50% HDFC Bank 369-D 2021 Fixed Deposits -- 0.00 - 1.53 0.97
equal 6.00% HDFC Bank 369-D 2021 Fixed Deposits -- 0.89 - 1.53 0.97
equal 6.00% HDFC Bank 367-D 2021 Fixed Deposits -- 0.00 - 1.53 0.97
equal 6.30% HDFC Bank 369-D 2021 Fixed Deposits -- 0.69 - 1.20 0.77
equal 6.30% HDFC Bank 368-D 2021 Fixed Deposits -- 0.76 - 1.79 0.76
equal 5.75% HDFC Bank 740-D 2022 Fixed Deposits -- 0.00 - 0.92 0.76
equal 5.60% HDFC Bank 366-D 2021 Fixed Deposits -- 0.00 - 0.92 0.76
equal 5.25% HDFC Bank 373-D 2021 Fixed Deposits -- 0.00 - 0.46 0.38
equal 5.75% HDFC Bank 737-D 2022 Fixed Deposits -- 0.00 - 0.46 0.38
equal 5.10% HDFC Bank 367-D 2021 Fixed Deposits -- 0.00 - 0.46 0.38
equal 5.75% HDFC Bank 738-D 2022 Fixed Deposits -- 0.00 - 0.46 0.38
equal 5.10% HDFC Bank 366-D 2021 Fixed Deposits -- 0.00 - 0.46 0.38
equal 5.75% HDFC Bank 736-D 2022 Fixed Deposits -- 0.00 - 0.46 0.38
equal 6.30% HDFC Bank 366-D 2021 Fixed Deposits -- 0.34 - 0.59 0.38
equal 5.10% HDFC Bank 368-D 2021 Fixed Deposits -- 0.00 - 0.46 0.38
equal 5.75% HDFC Bank 739-D 2022 Fixed Deposits -- 0.00 - 0.46 0.38

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
equal Reliance Industries Energy 33.35 9.77 0.00 7.36
up ICICI Bank Financial 28.01 8.57 0.00 6.61
up Bharti Airtel Communication -- 8.46 0.00 6.45
up Sun Pharmaceutical Inds. Healthcare 59.28 6.79 0.00 6.20
up ITC FMCG 18.94 7.36 0.00 5.83
up Lupin Healthcare 40.32 5.52 0.00 5.14
down HDFC Financial 26.15 10.02 0.00 3.05
up HCL Technologies Technology 18.68 3.78 0.00 2.00
up Dabur India FMCG 55.72 3.33 0.00 1.90
new DLF Construction -- 1.72 0.00 1.72
up NMDC Metals 9.91 1.67 0.00 1.67
new HDFC Bank Financial 27.56 8.09 0.00 1.63
new Sun TV Network Services 15.15 2.35 0.00 1.45
down Marico FMCG 44.76 1.94 0.00 1.40
up Dr. Reddy's Lab Healthcare 33.82 5.65 0.00 1.36
new Asian Paints Chemicals 79.46 6.52 0.00 1.34
up United Spirits FMCG 166.48 2.38 0.00 1.25
new MRF Automobile 22.06 1.01 0.00 1.01
new MindTree Technology 26.36 0.99 0.00 0.99
equal Maruti Suzuki India Automobile 46.43 7.77 0.00 0.90
equal Cipla Healthcare 28.35 3.02 0.00 0.85
new Divi's Laboratories Healthcare 47.80 3.41 0.00 0.83
equal Larsen & Toubro Construction 17.63 3.78 0.00 0.81
new Tata Consultancy Services Technology 34.79 9.16 0.00 0.74
new Biocon Healthcare 76.63 1.00 0.00 0.73

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-2021

Fund Manager

— Rajeev Bhardwaj since 19-May-2020

Education: Mr. Bhardwaj has done IT, MBA

Experience: Prior to joining Invesco India Mutual Fund, he has worked with SAL Securities, Share Khan and Motilal Oswal Securities.

Invest Online
0.07%

Change from previous, NAV as on 26-Feb-2021

Growth: ₹ 25.9062

Dividend: ₹ 14.0972

Annual Bonus: ₹ 25.9039

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

Minimum Investment (₹) 1,000
Minimum Addl Investment (₹) 1,000
Minimum SIP Investment (₹) 500
Minimum No of Cheques 12
Minimum Withdrawal (₹) 1,000
Minimum 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: 7.04%
Benchmark: NIFTY 50 Arbitrage TRI
Riskometer: Low
Type: Open-ended
Assets: ₹ 505 Cr (As on 31-Jan-2021)
Expense: 0.31% (As on 31-Jan-2021)
Risk Grade: Average
Return Grade: Average
Turnover: 1,152.00%

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend19-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
 20-Aug-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

Email: [email protected]

Website: http://www.invescomutualfund.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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