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ICICI Prudential Equity Arbitrage Fund - Direct Plan


1 Lakh

Investment Grown to
₹ 1.21 Lakh

₹ 10000

Monthly SIP Grown to
₹ 3.97 Lakh

Analyst's Choice?

Suitability:

Arbitrage funds invest in equity shares and derivatives and earn their returns through price differential between a stock and its futures. By investing in these funds, you can expect to earn better returns than what you would get from a bank account.

Arbitrage funds keep their equity investments fully hedged, which basically means that their returns are not impacted by the day-to-day ups and downs of the stock market. The risk of incurring a loss in these funds is low but they do not guarantee returns or safety of capital.

Retail investors can avoid these funds altogether. We believe that liquid funds are a better alternative with a somewhat similar risk-return payoff but better liquidity.

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 paid by the mutual fund scheme are taxed at the rate of 10% (effectively 11.648%, including surcharge and cess). This is known as Dividend Distribution Tax (DDT). Though the investor does not pay this tax directly, it is deducted from the dividend income before passing on to the investor.

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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 0.83 -0.01 0.00 0.50 1.39 2.81 6.62 6.59 6.94 7.67 --
CCIL T Bill Liquidity Weight 0.48 0.03 0.06 0.31 0.87 1.81 4.05 4.13 4.45 4.77 --
Hybrid: Arbitrage 0.84 0.00 0.02 0.52 1.36 2.78 6.44 6.33 6.88 7.51 --
Rank within category 17 16 20 19 17 17 15 9 6 2 --
Number of funds in category 24 25 25 24 24 23 22 17 15 9 0

As on 17-Feb-2020

Best & Worst Performance

Best (Period) Worst (Period)
Week 0.63 (30-Jan-2013 - 06-Feb-2013) -0.21 (08-Mar-2016 - 15-Mar-2016)
Month 1.52 (30-Jan-2013 - 01-Mar-2013) 0.19 (26-Aug-2019 - 25-Sep-2019)
Quarter 2.99 (08-Jan-2013 - 09-Apr-2013) 1.24 (27-Dec-2018 - 28-Mar-2019)
Year 10.75 (14-Jan-2013 - 14-Jan-2014) 6.10 (25-Nov-2016 - 27-Nov-2017)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 6.43 0.54 1.41 2.63 0.54 1.62
CCIL T Bill Liquidity Weight 4.06 0.27 -6.06 -10.48 -- --
Hybrid: Arbitrage 6.20 0.69 1.24 2.41 0.55 1.41
Rank within category 9 10 9 9 9 7
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-Jan-2020

Asset Allocation (%)

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Concentration & Valuation

Number of Stocks 98
Top 10 Holdings (%) 32.35
Top 5 Holdings (%) 20.97
Top 3 Sectors (%) 0.00
Portfolio P/B Ratio 2.40
Portfolio P/E Ratio 21.85

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 Indusind Bank 26/08/2020 Certificate of Deposit A1+ 0.00 - 1.91 1.76
equal Axis Bank 18/09/2020 Certificate of Deposit A1+ 0.00 - 1.82 1.75
equal Bank of Baroda 2020 Certificate of Deposit A1+ 0.00 - 1.27 1.25
equal HDFC Bank 368-D 03/03/2020 Fixed Deposits -- 0.00 - 1.90 1.09
equal 8.51% HDFC 15/07/2020 Non Convertible Debenture AAA 0.00 - 1.16 0.95
equal RBL Bank 365-D 08/09/2020 Fixed Deposits -- 0.00 - 0.90 0.87
equal 6.98% National Bank Agr. Rur. Devp 30/09/2020 Debenture AAA 0.00 - 0.88 0.77
equal 8.70% HDFC 15/12/2020 Debenture AAA 0.00 - 0.75 0.74
equal RBL Bank 365-D 20/08/2020 Fixed Deposits -- 0.00 - 0.82 0.73
new Canara Bank 366-D 21/01/2021 Fixed Deposits -- 0.00 - 0.73 0.73
equal HDFC 337-D 26/05/2020 Commercial Paper A1+ 0.00 - 0.90 0.71
new Canara Bank 366-D 15/01/2021 Fixed Deposits -- 0.00 - 0.69 0.69
equal Axis Bank 18/12/2020 Certificate of Deposit A1+ 0.00 - 0.70 0.69
equal RBL Bank 365-D 29/09/2020 Fixed Deposits -- 0.00 - 0.62 0.58
equal 7.78% HDFC 24/03/2020 Debenture AAA 0.21 - 0.58 0.55
equal RBL Bank 365-D 05/12/2020 Fixed Deposits -- 0.00 - 0.55 0.55
equal HDFC Bank 365-D 21/02/2020 Fixed Deposits -- 0.53 - 0.95 0.55
new Canara Bank 365-D 08/01/2021 Fixed Deposits -- 0.00 - 0.55 0.55
equal Federal Bank 365-D 25/08/2020 Fixed Deposits -- 0.00 - 0.57 0.51
equal Federal Bank 371-D 25/05/2020 Fixed Deposits -- 0.00 - 0.73 0.51
equal Bharti Telecom 19/02/2020 Debenture AA+ 0.00 - 0.69 0.43
new 8.80% LIC Housing Fin. 24/12/2020 Debenture AAA 0.00 - 0.37 0.37
equal 8.80% HDFC 18/06/2020 Debenture AAA 0.00 - 0.49 0.37
equal 7.55% Tube Investments Of India 20/02/2020 Debenture AA+ 0.36 - 0.63 0.36
equal Federal Bank 371-D 03/06/2020 Fixed Deposits -- 0.00 - 0.52 0.36

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
up HDFC Financial 18.42 9.30 0.53 8.78
down HDFC Bank Financial 25.30 6.00 0.00 3.74
down Axis Bank Financial 43.22 3.14 0.00 2.95
down State Bank of India Financial 24.13 3.91 0.00 2.79
up Tata Consultancy Services Technology 25.64 3.32 0.00 2.72
down Reliance Industries Energy 21.43 6.89 0.00 2.63
up Sun Pharmaceutical Inds. Healthcare 24.51 5.49 0.09 2.57
up ITC FMCG 16.73 3.97 0.08 2.23
down Larsen & Toubro Construction 18.48 2.48 0.00 2.19
new Infosys Technology 20.77 6.00 0.00 1.72
up Grasim Industries Construction 11.74 1.38 0.00 1.38
down Hindustan Unilever FMCG 71.04 2.22 0.00 1.36
down Mahindra & Mahindra Automobile 30.19 2.30 0.17 1.16
up Maruti Suzuki India Automobile 33.08 3.17 0.03 1.09
up HCL Technologies Technology 15.79 1.08 0.00 1.08
down Bajaj Finance Financial 52.45 2.20 0.00 1.04
up Ultratech Cement Construction 36.53 0.99 0.00 0.99
down Tech Mahindra Technology 18.56 1.13 0.00 0.97
up Asian Paints Chemicals 65.80 1.55 0.00 0.86
down Bharti Airtel Communication -- 2.61 0.00 0.85
down Cipla Healthcare 21.06 0.99 0.00 0.73
up ICICI Bank Financial 36.93 3.01 0.00 0.70
up Titan Company Cons Durable 77.74 1.60 0.00 0.69
up JSW Steel Metals 12.94 3.41 0.11 0.68
down Adani Ports and Special Economic Zone Services 15.80 0.96 0.00 0.62

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-2020

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:

— Manish Banthia since 01-Jan-2013

Education: Mr. Banthia is B.Com, CA and MBA

Experience: He is associated with ICICI Prudential Asset Management Company since Oct 2005, ICICI Prudential AMC - Fixed Income Investments - Aug 2007 to Oct 2009, ICICI Prudential AMC - New Product Development - Oct 2005 to Jul 2007, Aditya Birla Nuvo Ltd. - From May 2005 to Oct 2005, Aditya Birla Management Corporation Ltd. - From May 2004 to May 2005.

Funds Managed:

— Dharmesh Kakkad since 05-Sep-2018

Education: Mr. kakkad is B.com., CA & CFA.

Experience: Mr. Kakkad is Manager in ICICI Prudential Mutual Fund since 2009.

Funds Managed:


-0.01%

Change from previous, NAV as on 17-Feb-2020

Growth: ₹ 26.7261

Dividend: ₹ 14.7906

Bonus: ₹ 14.5410


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 (₹) --
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: 7.77%
Benchmark: NIFTY 50 Arbitrage
Riskometer: Moderately Low
Type: Open-ended
Assets: ₹ 13,739 Cr (As on 31-Jan-2020)
Expense: 0.37% (As on 31-Jan-2020)
Risk Grade: Average
Return Grade: Average
Turnover: 109.00%

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend17-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
 23-Feb-20180.5216
 28-Dec-20170.0400
 18-Oct-20170.1000

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: 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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