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3 star

Invesco India Arbitrage Fund - Direct Plan


Hybrid: Arbitrage

1 Lakh

Investment Grown to
₹ 1.17 Lakh

₹ 10000

Monthly SIP Grown to
₹ 3.87 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 3.90 0.18 0.22 0.53 0.93 2.17 4.32 5.30 5.73 6.31 --
CCIL T Bill Liquidity Weight 1.84 0.03 0.05 0.20 0.47 1.08 2.01 3.25 3.53 4.01 --
Hybrid: Arbitrage 3.88 0.11 0.19 0.54 1.00 2.20 4.30 5.13 5.54 6.33 --
Rank within category 17 1 4 18 19 19 18 12 10 10 --
Number of funds in category 26 26 26 26 26 26 26 19 16 14 0

As on 26-Nov-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 4.32 5.30 5.73 0.40% 855
Kotak Equity Arbitrage Fund - Direct Plan  | Invest Online
4 star
Jan-13 4.81 5.47 5.89 0.43% 24,430
Nippon India Arbitrage Fund - Direct Plan
5 star
Jan-13 4.74 5.61 6.07 0.34% 12,136
Aditya Birla Sun Life Arbitrage Fund - Direct Plan  | Invest Online
4 star
Jan-13 4.81 5.48 5.86 0.31% 8,942
UTI Arbitrage Fund - Direct Plan  | Invest Online
4 star
Jan-13 4.70 5.49 5.84 0.35% 6,067

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
Fund 5.15 0.75 1.70 2.83 0.84 1.80
CCIL T Bill Liquidity Weight 3.25 0.40 -1.53 -4.22 -- --
Hybrid: Arbitrage 4.98 0.79 1.42 2.11 0.80 1.60
Rank within category 12 4 10 5 13 12
Number of funds in category 19 19 19 19 19 19

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

As on 31-Oct-2021

Asset Allocation (%)

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Concentration & Valuation

Number of Stocks 48
Top 10 Holdings (%) 50.99
Top 5 Holdings (%) 32.64
Top 3 Sectors (%) --
Portfolio P/B Ratio 3.61
Portfolio P/E Ratio 30.59
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 Invesco Inida Liquid Fund - Direct Plan Mutual Fund -- 6.32 - 18.55 8.56
equal Reserve Bank of India 364-D 30/03/2022 Treasury Bills SOV 0.00 - 4.20 4.03
equal Reserve Bank of India 364-D 16/06/2022 Treasury Bills SOV 0.00 - 4.17 4.00
equal Reserve Bank of India 182-D 23/12/2021 Treasury Bills SOV 0.00 - 3.03 2.91
equal Reserve Bank of India 364-D 30/06/2022 Treasury Bills SOV 0.00 - 2.98 2.85
new Reserve Bank of India 364-D 13/10/2022 Treasury Bills SOV 0.00 - 2.25 2.25
equal 5.35% Telesonic Network 28/04/2023 Debenture AA+ 0.00 - 1.84 1.75
new 6.40% National Bank Agr. Rur. Devp 31/07/2023 Non Convertible Debenture AAA 0.00 - 1.20 1.20
equal 5.05% Indian Oil Corporation 25/11/2022 Debenture AAA 1.09 - 2.47 1.18
equal 5.75% HDFC Bank 740-D 2022 Fixed Deposits -- 0.40 - 0.92 0.44
equal 5.75% HDFC Bank 739-D 2022 Fixed Deposits -- 0.20 - 0.46 0.22
equal 5.75% HDFC Bank 738-D 2022 Fixed Deposits -- 0.20 - 0.46 0.22
equal 5.75% HDFC Bank 737-D 2022 Fixed Deposits -- 0.20 - 0.46 0.22
equal 5.75% HDFC Bank 736-D 2022 Fixed Deposits -- 0.20 - 0.46 0.22

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 31.22 9.77 0.00 8.73
up ITC FMCG 19.34 7.36 0.00 6.00
equal Adani Ports and Special Economic Zone Services 28.69 5.32 0.00 4.78
up United Spirits FMCG 76.43 4.57 0.23 4.57
up Tata Consultancy Services Technology 34.84 9.16 0.00 4.27
down Lupin Healthcare -- 5.52 0.00 3.14
equal Sun Pharmaceutical Industries Healthcare 29.53 6.79 0.00 2.75
equal Divi's Laboratories Healthcare 61.32 3.41 0.00 2.65
up HDFC Life Insurance Insurance 120.39 2.43 0.00 2.43
up ICICI Bank Financial 23.61 8.57 0.00 1.96
up Hindustan Unilever FMCG 65.30 8.32 0.00 1.95
equal ACC Construction 21.11 4.55 0.00 1.79
equal Dr. Reddy's Lab Healthcare 40.25 5.65 0.00 1.73
up Axis Bank Financial 20.29 4.66 0.00 1.59
up Tata Power Company Energy 49.96 1.54 0.00 1.54
equal Maruti Suzuki India Automobile 51.58 7.77 0.00 1.47
equal LIC Housing Fin. Financial 13.85 1.58 0.00 1.44
up State Bank of India Financial 14.65 3.24 0.00 1.39
up Apollo Hospitals Healthcare 78.32 2.86 0.00 1.31
down HDFC Financial 23.83 10.02 0.00 1.25
equal Adani Enterprises Services 180.97 1.26 0.00 1.17
equal Dabur India FMCG 58.75 3.33 0.00 1.09
down Asian Paints Chemicals 92.65 6.52 0.00 1.00
up Tata Consumer Products FMCG 97.47 1.50 0.00 0.72
equal Tata Chemicals Chemicals 31.90 0.76 0.00 0.72

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-Oct-2021

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.


0.18%

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

Growth: ₹ 26.7709

IDCW: ₹ 14.5370

Annual Bonus: ₹ 26.7682


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: 6.83%
Benchmark: NIFTY 50 Arbitrage TRI
Riskometer: Low
Type: Open-ended
Assets: ₹ 855 Cr (As on 31-Oct-2021)
Expense: 0.40% (As on 31-Oct-2021)
Risk Grade: Average
Return Grade: Average
Turnover: 940.00%

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

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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