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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
₹ 1.19 Lakh

₹ 10000

Monthly SIP Grown to
₹ 3.92 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 4.52 -0.07 -0.01 0.08 0.88 1.25 4.82 6.06 6.31 6.92 --
CCIL T Bill Liquidity Weight 2.98 0.02 0.04 0.21 0.63 1.18 3.20 3.90 4.12 4.53 --
Hybrid: Arbitrage 3.98 -0.01 0.00 0.08 0.85 0.96 4.26 5.78 6.30 6.93 --
Rank within category 7 23 19 16 16 6 7 11 10 7 --
Number of funds in category 24 27 27 27 27 25 24 17 15 9 0

As on 27-Nov-2020

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 4.82 6.06 6.31 0.32 477
Kotak Equity Arbitrage Fund - Direct Plan  | Invest Online
4 star
 Jan-13 4.78 6.15 6.42 0.45 15,289
Nippon India Arbitrage Fund - Direct Plan
5 star
 Jan-13 4.91 6.48 6.59 0.35 7,950
Edelweiss Arbitrage Fund - Direct Plan  | Invest Online
5 star
 Jun-14 5.16 6.37 6.63 0.40 3,311
UTI Arbitrage Fund - Direct Plan  | Invest Online
4 star
 Jan-13 4.77 6.14 6.34 0.40 3,190

Best & Worst Performance

Best (Period) Worst (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) 4.83 (28-Nov-2019 - 27-Nov-2020)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 6.05 0.72 1.51 2.33 0.62 1.75
CCIL T Bill Liquidity Weight 3.89 0.32 -3.35 -6.53 -- --
Hybrid: Arbitrage 5.77 0.92 1.18 1.64 0.75 1.60
Rank within category 11 1 7 3 4 11
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 31-Oct-2020

Asset Allocation (%)

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Concentration & Valuation

Number of Stocks 41
Top 10 Holdings (%) 50.63
Top 5 Holdings (%) 35.18
Top 3 Sectors (%) 0.01
Portfolio P/B Ratio 2.67
Portfolio P/E Ratio 23.51
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 7.87% HDFC 18/07/2022 Non Convertible Debenture AAA 0.00 - 3.27 2.21
equal 5.05% Indian Oil Corp. 25/11/2022 Debenture AAA 0.00 - 2.12 2.12
equal 6.30% HDFC Bank 370-D 2021 Fixed Deposits -- 0.00 - 1.79 1.21
equal 6.30% HDFC Bank 368-D 2021 Fixed Deposits -- 0.00 - 1.79 1.21
new 5.22% GOI 15/06/2025 GOI Securities SOV 0.00 - 1.05 1.05
equal 4.75% HDFC Bank 188-D 2020 Fixed Deposits -- 0.00 - 1.04 1.03
equal 4.75% HDFC Bank 186-D 2020 Fixed Deposits -- 0.00 - 1.04 1.03
equal 5.50% HDFC Bank 369-D 2021 Fixed Deposits -- 0.00 - 1.53 1.03
equal 6.00% HDFC Bank 369-D 2021 Fixed Deposits -- 0.00 - 1.53 1.03
equal 6.00% HDFC Bank 367-D 2021 Fixed Deposits -- 0.00 - 1.53 1.03
equal 4.75% HDFC Bank 196-D 2020 Fixed Deposits -- 0.00 - 1.04 1.03
equal 4.75% HDFC Bank 189-D 2020 Fixed Deposits -- 0.00 - 1.04 1.03
equal 6.00% HDFC Bank 368-D 2020 Fixed Deposits -- 0.82 - 1.84 0.94
equal 6.30% HDFC Bank 369-D 2021 Fixed Deposits -- 0.00 - 1.20 0.81
equal 5.75% HDFC Bank 740-D 2022 Fixed Deposits -- 0.00 - 0.80 0.80
equal 5.60% HDFC Bank 366-D 2021 Fixed Deposits -- 0.00 - 0.80 0.80
equal 4.00% HDFC Bank 92-D 2020 Fixed Deposits -- 0.00 - 1.20 0.80
equal 6.45% HDFC Bank 369-D 2020 Fixed Deposits -- 0.35 - 0.80 0.41
equal 6.30% HDFC Bank 366-D 2021 Fixed Deposits -- 0.00 - 0.59 0.40
equal 5.75% HDFC Bank 739-D 2022 Fixed Deposits -- 0.00 - 0.40 0.40
equal 5.75% HDFC Bank 738-D 2022 Fixed Deposits -- 0.00 - 0.40 0.40
equal 5.75% HDFC Bank 737-D 2022 Fixed Deposits -- 0.00 - 0.40 0.40
equal 5.75% HDFC Bank 736-D 2022 Fixed Deposits -- 0.00 - 0.40 0.40
equal 5.25% HDFC Bank 373-D 2021 Fixed Deposits -- 0.00 - 0.40 0.40
equal 5.10% HDFC Bank 368-D 2021 Fixed Deposits -- 0.00 - 0.40 0.40

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 HDFC Financial 25.13 9.58 0.00 9.58
up Reliance Industries Energy 31.99 9.05 0.00 8.88
up ICICI Bank Financial 23.43 6.69 0.00 6.38
up Bharti Airtel Communication -- 8.46 0.00 5.99
equal ITC FMCG 17.38 7.36 0.00 4.35
up Lupin Healthcare -- 3.99 0.00 3.99
up Sun Pharmaceutical Inds. Healthcare 83.46 4.88 0.00 3.83
down Tata Consultancy Services Technology 32.80 9.16 0.00 3.24
up Hindustan Unilever FMCG 71.64 8.32 0.00 2.18
equal United Spirits FMCG 219.21 2.21 0.00 2.13
equal Nestle India FMCG 82.16 1.46 0.00 1.46
equal Maruti Suzuki India Automobile 52.26 7.77 0.00 1.39
up State Bank of India Financial 9.29 3.24 0.00 1.20
equal Torrent Pharmaceuticals Healthcare 36.94 1.45 0.00 1.13
new Ultratech Cement Construction 23.16 1.19 0.00 1.11
up Marico FMCG 42.42 1.08 0.00 1.08
down National Aluminium Metals 38.38 0.99 0.00 0.87
equal HCL Technologies Technology 18.30 3.78 0.00 0.82
new Torrent Power Energy 21.15 0.79 0.00 0.79
equal HPCL Energy 5.11 1.54 0.00 0.66
new Indraprastha Gas Energy 34.61 0.65 0.00 0.65
down Cipla Healthcare 32.63 3.02 0.00 0.62
up Sun TV Network Services 14.18 3.02 0.00 0.56
equal Dr. Reddy's Lab Healthcare 49.91 5.65 0.00 0.44
new Grasim Industries Construction 17.23 3.49 0.00 0.43

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-2020

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 27-Nov-2020

Growth: ₹ 25.6443

Dividend: ₹ 13.9546

Annual Bonus: ₹ 25.6419

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 (₹) --
Exit Load 0.5% for redemption within 15 days

Basic Details

Fund House: Invesco Mutual Fund
Launch Date: 01-Jan-2013
Return Since Launch: 7.14%
Benchmark: NIFTY 50 Arbitrage TRI
Riskometer: Moderately Low
Type: Open-ended
Assets: ₹ 477 Cr (As on 31-Oct-2020)
Expense: 0.32% (As on 31-Oct-2020)
Risk Grade: Below Average
Return Grade: Average
Turnover: 1,169.00%

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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