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3 star

ICICI Prudential Equity 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 3.66 0.09 0.26 0.42 0.89 2.26 4.32 5.33 5.90 6.42 --
CCIL T Bill Liquidity Weight 1.65 0.01 0.03 0.12 0.50 1.04 2.03 3.30 3.60 4.05 --
Hybrid: Arbitrage 3.39 0.07 0.21 0.36 0.82 2.09 4.00 5.07 5.61 6.35 --
Rank within category 11 4 2 5 9 9 11 11 8 7 --
Number of funds in category 26 26 26 26 26 26 26 19 16 14 0

As on 27-Oct-2021

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
ICICI Prudential Equity Arbitrage Fund - Direct Plan  | Invest Now
3 star
Jan-13 4.32 5.33 5.90 0.41% 15,346
Kotak Equity Arbitrage Fund - Direct Plan  | Invest Online
4 star
Jan-13 4.47 5.42 5.94 0.44% 25,000
Nippon India Arbitrage Fund - Direct Plan
5 star
Jan-13 4.42 5.53 6.12 0.34% 12,451
Aditya Birla Sun Life Arbitrage Fund - Direct Plan  | Invest Online
4 star
Jan-13 4.50 5.42 5.92 0.31% 8,675
Edelweiss Arbitrage Fund - Direct Plan  | Invest Online
5 star
Jun-14 4.47 5.63 6.12 0.39% 6,206

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 0.74 24-Mar-2020 - 31-Mar-2020 -0.58 29-May-2020 - 05-Jun-2020
Month 1.52 30-Jan-2013 - 01-Mar-2013 -0.25 29-May-2020 - 29-Jun-2020
Quarter 2.99 08-Jan-2013 - 09-Apr-2013 0.00 29-May-2020 - 28-Aug-2020
Year 10.75 14-Jan-2013 - 14-Jan-2014 3.43 29-May-2020 - 31-May-2021

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 5.35 0.83 1.68 2.39 0.92 1.96
CCIL T Bill Liquidity Weight 3.34 0.40 -1.54 -3.94 -- --
Hybrid: Arbitrage 5.08 0.81 1.43 2.12 0.86 1.66
Rank within category 9 15 12 12 15 9
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 30-Sep-2021

Asset Allocation (%)

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Concentration & Valuation

Number of Stocks 158
Top 10 Holdings (%) 27.41
Top 5 Holdings (%) 15.68
Top 3 Sectors (%) 0.00
Portfolio P/B Ratio 2.53
Portfolio P/E Ratio 18.26
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 Reserve Bank of India 182-D 30/12/2021 Treasury Bills SOV 0.00 - 3.96 3.23
equal Reserve Bank of India 364-D 06/01/2022 Treasury Bills SOV 0.00 - 3.23 3.23
equal Reserve Bank of India 182-D Treasury Bills SOV 0.00 - 3.05 3.05
equal Panatone Finvest 277-D 11/02/2022 Commercial Paper A1+ 0.00 - 3.42 2.57
equal Reserve Bank of India 91-D 28/10/2021 Treasury Bills SOV 0.00 - 1.98 1.98
equal Reserve Bank of India 182-D 14/10/2021 Treasury Bills SOV 0.00 - 0.98 0.98
equal Reserve Bank of India 91-D 11/11/2021 Treasury Bills SOV 0.00 - 0.97 0.97
equal Reserve Bank of India 91-D 14/10/2021 Treasury Bills SOV 0.00 - 0.75 0.75
equal 8.85% HDFC Bank Additional Tier 1 Bond AA+ 0.65 - 1.11 0.67
equal Reserve Bank of India 182-D 25/11/2021 Treasury Bills SOV 0.00 - 0.65 0.65
equal Reserve Bank of India 182-D 28/10/2021 Treasury Bills SOV 0.00 - 0.33 0.33
equal Reserve Bank of India 91-D 07/10/2021 Treasury Bills SOV 0.00 - 0.30 0.29
equal Reserve Bank of India 364-D 28/10/2021 Treasury Bills SOV 0.00 - 0.23 0.23
equal Reserve Bank of India 91-D 19/11/2021 Treasury Bills SOV 0.00 - 0.15 0.15
equal 5.50% Britannia Inds. 2024 Non Convertible Debenture AAA 0.00 - 0.00 0.00

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 Tata Steel Metals 7.67 3.86 0.00 3.46
down ICICI Bank Financial 27.30 4.92 0.00 2.72
up Adani Ports and Special Economic Zone Services 29.81 3.46 0.00 2.52
down Reliance Industries Energy 34.07 8.76 0.09 2.38
down State Bank of India Financial 18.53 3.91 1.26 2.14
down HDFC Financial 26.14 9.30 2.04 2.11
down Sun Pharmaceutical Industries Healthcare 32.99 4.03 1.34 1.82
down Vedanta Metals 7.93 1.82 0.00 1.74
up ITC FMCG 20.58 2.70 0.00 1.66
down Larsen & Toubro Construction 28.61 2.46 0.00 1.58
down JSW Steel Metals 8.30 2.08 0.09 1.45
equal Adani Enterprises Services 169.43 1.74 0.00 1.35
up Infosys Technology 34.80 6.00 0.00 1.25
down HCL Technologies Technology 27.68 1.77 0.00 1.20
up Bajaj Finance Financial 90.74 2.20 0.00 1.06
down Grasim Industries Construction 19.94 1.86 0.15 1.04
down Tata Consultancy Services Technology 35.28 5.36 0.00 1.02
up Indusind Bank Financial 22.42 2.17 0.00 1.02
up Tata Power Company Energy 54.60 1.28 0.20 1.00
down Asian Paints Chemicals 91.18 2.01 0.00 0.95
down DLF Construction 68.34 0.94 0.00 0.94
up Bharat Petroleum Corporation Energy 5.46 1.25 0.00 0.89
down Zee Entertainment Services 29.63 0.85 0.00 0.84
down Hindustan Unilever FMCG 67.04 4.29 0.00 0.82
down HDFC Life Insurance Insurance 124.39 1.17 0.00 0.82

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-2021

Fund Manager

— Kayzad Eghlim since 01-Jan-2013

Education: Mr. Eghlim is a B.Com (H) and M Com.

Experience: Prior to joining ICICI Prudential AMC he has worked with IDFC Investment Advisors Ltd., Prime Securities and Canara Robeco Mutual Fund.

Funds Managed:

— Nikhil Kabra since 28-Dec-2020

Education: Mr. Kabra is a B.Com and Chartered Accountant.

Experience: Prior to joining ICICI Prudential AMC from September 25, 2013 he was associated with Sumedha Fiscal Services Limited from October 2012 to September 2013 and Haribhakti & Co. from September 2010 to October 2012.

Funds Managed:

— Rohan Maru since 28-Dec-2020

Education: Mr. Maru is M.Com and MBA in Finance.

Experience: Prior to joining ICICI Prudential Mutual Fund, he has worked with Kotak Mahindra AMC as Fixed Income Dealer and Integreon Managed Solutions as a Research Associate.

Funds Managed:


0.09%

Change from previous, NAV as on 27-Oct-2021

Growth: ₹ 28.8079

IDCW: ₹ 15.4293


Investment Strategy

The scheme seeks to generate low volatility returns by using arbitrage and other derivative strategies in equity markets and investments in short-term debt portfolio.

Investment Details

Minimum Investment (₹) 5,000
Minimum Addl Investment (₹) 1,000
Minimum SIP Investment (₹) 1,000
Minimum No of Cheques 6
Minimum Withdrawal (₹) 1
Minimum Balance (₹) --
Lock-in Period Not Applicable
Exit Load 0.25% for redemption within 30 days

Basic Details

Fund House: ICICI Prudential Mutual Fund
Launch Date: 01-Jan-2013
Return Since Launch: 7.14%
Benchmark: NIFTY 50 Arbitrage TRI
Riskometer: Low
Type: Open-ended
Assets: ₹ 15,346 Cr (As on 30-Sep-2021)
Expense: 0.41% (As on 30-Sep-2021)
Risk Grade: Average
Return Grade: Average
Turnover: 124.00%

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW22-May-20200.1200

 06-Mar-20200.3010
 25-Feb-20200.0177
 17-Feb-20200.0177
 06-Feb-20200.0177
 23-Oct-20190.0573
 23-Sep-20190.0443
 26-Aug-20190.0850
 24-Jul-20190.0823
 25-Jun-20190.0317
 31-May-20190.0742
 26-Apr-20190.0320
 11-Apr-20190.0292
 27-Feb-20190.0568
 30-Jan-20190.0710
 28-Dec-20180.0588
 29-Nov-20180.0615
 26-Oct-20180.1110
 27-Sep-20180.0775
 30-Aug-20180.0699
 26-Jul-20180.0630
 28-Jun-20180.0859
 24-May-20180.0557
 25-Apr-20180.0719
 23-Mar-20180.0756

Contact Information

AMC: ICICI Prudential Asset Management Company Ltd

Address: One BKC , A Wing , 13th Floor, Bandra Kurla Complex, Mumbai - 400051

Phone: 022-26525000 / 1800-222-999 / 1800-200-6666

Fax: 022-26528100

Email: [email protected]

Website: http://www.icicipruamc.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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