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3 star

IDFC Arbitrage Fund - Direct Plan


Hybrid: Arbitrage

1 Lakh

Investment Grown to
₹ 1.16 Lakh

₹ 10000

Monthly SIP Grown to
₹ 3.85 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 0.13 -0.02 0.03 0.34 1.01 1.92 4.38 5.19 5.78 6.21 --
CCIL T Bill Liquidity Weight 0.09 0.02 0.03 0.21 0.49 1.07 2.12 3.13 3.51 3.93 --
Hybrid: Arbitrage 0.12 -0.02 0.02 0.32 0.97 1.82 4.17 5.02 5.52 6.19 --
Rank within category 13 13 12 14 11 13 12 12 9 9 --
Number of funds in category 25 25 25 25 25 25 25 20 17 15 0

As on 14-Jan-2022

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
IDFC Arbitrage Fund - Direct Plan
3 star
Jan-13 4.38 5.19 5.78 0.35% 5,603
Nippon India Arbitrage Fund - Direct Plan
5 star
Jan-13 4.68 5.45 6.02 0.34% 11,596
Tata Arbitrage Fund - Direct Plan  | Invest Online
5 star
Dec-18 4.73 5.80 -- 0.32% 11,119
Aditya Birla Sun Life Arbitrage Fund - Direct Plan  | Invest Online
4 star
Jan-13 4.67 5.32 5.81 0.32% 8,562
Edelweiss Arbitrage Fund - Direct Plan  | Invest Online
5 star
Jun-14 4.73 5.54 6.02 0.34% 6,401

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 0.60 25-Mar-2020 - 01-Apr-2020 -0.54 29-May-2020 - 05-Jun-2020
Month 1.09 18-Dec-2013 - 17-Jan-2014 -0.17 29-May-2020 - 29-Jun-2020
Quarter 2.81 11-Oct-2013 - 10-Jan-2014 0.16 29-May-2020 - 28-Aug-2020
Year 10.28 31-Jul-2013 - 31-Jul-2014 3.47 29-May-2020 - 31-May-2021

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 5.11 0.80 1.72 2.60 0.86 1.90
CCIL T Bill Liquidity Weight 3.13 0.39 -1.53 -4.65 -- --
Hybrid: Arbitrage 4.94 0.80 1.53 2.29 0.86 1.73
Rank within category 12 12 12 11 7 13
Number of funds in category 20 20 20 20 20 20

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

As on 31-Dec-2021

Asset Allocation (%)

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Concentration & Valuation

Number of Stocks 184
Top 10 Holdings (%) 36.43
Top 5 Holdings (%) 24.96
Top 3 Sectors (%) --
Portfolio P/B Ratio 2.86
Portfolio P/E Ratio 18.74
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 IDFC Cash Direct Mutual Fund -- 0.00 - 12.15 12.15
equal Reserve Bank of India 364-D 20/01/2022 Treasury Bills SOV 0.00 - 3.12 3.12
up Reserve Bank of India 364-D 13/01/2022 Treasury Bills SOV 0.00 - 2.41 2.41
equal 7.68% GOI 15/12/2023 GOI Securities SOV 0.00 - 1.40 1.40
new Reserve Bank of India 182-D 12/05/2022 Treasury Bills SOV 0.00 - 1.06 1.06
equal 6.40% National Bank Agr. Rur. Devp 31/07/2023 Non Convertible Debenture AAA 0.00 - 0.91 0.91
new Reserve Bank of India 182-D 03/02/2022 Treasury Bills SOV 0.00 - 0.89 0.89
new Reserve Bank of India 364-D 17/03/2022 Treasury Bills SOV 0.00 - 0.89 0.89
new Reserve Bank of India 364-D 21/04/2022 Treasury Bills SOV 0.00 - 0.71 0.71
down First Business Receivable Trust Securitised Debt AAA 0.04 - 0.06 0.64
new 8.35% GOI 2022 GOI Securities SOV 0.00 - 0.45 0.45
equal 6.50% National Bank Agr. Rur. Devp 17/04/2023 Debenture AAA 0.00 - 0.45 0.45
new Reserve Bank of India 364-D 24/02/2022 Treasury Bills SOV 0.00 - 0.44 0.44
new Reserve Bank of India 364-D 03/03/2022 Treasury Bills SOV 0.00 - 0.44 0.44
equal 9.17% NTPC 22/09/2024 Debenture AAA 0.00 - 0.10 0.10
equal 7.69% National Bank Agr. Rur. Devp 29/05/2024 Non Convertible Debenture AAA 0.00 - 0.09 0.09
equal 8.81% SIDBI 25/01/2022 Debenture AAA 0.07 - 0.09 0.09
equal 8.50% LIC Housing Fin. 20/06/2022 Non Convertible Debenture AAA 0.00 - 0.09 0.09
equal 8.83% REC 21/01/2022 Non Convertible Debenture AAA 0.07 - 0.09 0.09
equal 8.50% National Bank Agr. Rur. Devp Debenture AAA 0.03 - 0.04 0.04
equal 8.18% Power Finance Corporation 19/03/2022 Debenture AAA 0.03 - 0.04 0.04
equal Sundaram Finance 2022 Debenture AAA 0.02 - 0.03 0.03
equal 5.69% REC 30/09/2023 Non Convertible Debenture AAA 0.00 - 0.30 0.03
equal 7.18% National Bank Agr. Rur. Devp 2022 Non Convertible Debenture AAA 0.01 - 0.02 0.02
equal 8.60% National Bank Agr. Rur. Devp 31/01/2022 Debenture AAA 0.01 - 0.02 0.02

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 Adani Ports and Special Economic Zone Services 31.15 4.56 0.04 4.05
up Adani Enterprises Services 202.89 3.04 0.01 3.04
up Tata Consultancy Services Technology 39.00 2.84 0.00 2.60
down Zee Entertainment Services 26.72 2.92 0.00 2.55
down HCL Technologies Technology 32.97 2.42 0.00 2.42
down Hindustan Unilever FMCG 66.13 8.62 0.01 2.14
up Apollo Hospitals Healthcare 69.03 2.04 0.00 1.95
down Axis Bank Financial 22.13 4.24 0.00 1.57
down ITC FMCG 19.22 4.96 0.00 1.49
up Tata Steel Metals 4.76 3.29 0.00 1.45
up UPL Chemicals 19.87 1.44 0.00 1.44
up Bharti Airtel Communication 139.95 7.04 0.00 1.37
up Reliance Industries Energy 32.85 7.08 0.00 1.05
down The Federal Bank Financial 11.74 1.65 0.00 1.04
down Indusind Bank Financial 18.18 2.32 0.00 0.98
up Godrej Consumer Products FMCG 53.32 1.63 0.00 0.92
up National Aluminium Company Metals 9.19 0.94 0.00 0.84
down United Spirits FMCG 81.46 1.69 0.01 0.83
up Asian Paints Chemicals 99.16 2.37 0.00 0.82
down HDFC Financial 23.60 6.07 0.05 0.80
down HDFC Asset Management Company Financial 38.31 1.54 0.00 0.80
up LIC Housing Fin. Financial 13.80 1.23 0.00 0.73
down Aurobindo Pharma Healthcare 7.81 3.16 0.02 0.73
down Sun Pharmaceutical Industries Healthcare 32.95 4.33 0.73 0.73
down State Bank of India Financial 15.83 4.52 0.30 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-Dec-2021

Fund Manager

— Nemish Sheth since 01-Nov-2021

Education: Mr. Sheth is a B.Com, PGDM(FINANCE)

Experience: Prior to joining IDFC AMC, he has worked with Nippon Life India Asset Management Ltd. and ICICI Prudential Asset Management Company Ltd.

Funds Managed:

— Harshal Joshi since 20-Oct-2016

Education: Mr. Joshi is PGDBM from N.L. Dalmia Institute of Management Studies and Research, Mumbai

Experience: Prior to joining IDFC Mutual fund in 2008 he has worked with ICAP India Pvt. Ltd.

Funds Managed:


-0.02%

Change from previous, NAV as on 14-Jan-2022

Growth: ₹ 27.6659

IDCW Yearly: ₹ 12.1364

IDCW Monthly: ₹ 13.6093


Investment Strategy

The scheme aims to generate capital appreciation and income by predominantly investing in arbitrage opportunities in the cash and the derivative segments of the equity markets and the arbitrage opportunities available within the derivative segment and by investing the balance in debt and money market instruments.

Investment Details

Min. Investment (₹) 100
Min. Addl Investment (₹) 100
Min. SIP Investment (₹) 100
Min. No of Cheques 6
Min. Withdrawal (₹) 500
Min. Balance (₹) 500
Lock-in Period Not Applicable
Exit Load 0.25% for redemption within 30 days

Basic Details

Fund House: IDFC Mutual Fund
Launch Date: 01-Jan-2013
Return Since Launch: 6.90%
Benchmark: NIFTY 50 Arbitrage TRI
Riskometer: Low
Type: Open-ended
Assets: ₹ 5,603 Cr (As on 31-Dec-2021)
Expense: 0.35% (As on 31-Dec-2021)
Risk Grade: Average
Return Grade: Average
Turnover: 317.00%

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Monthly28-Dec-20210.0340

 26-Nov-20210.0340
 28-Oct-20210.0339
 28-Sep-20210.0340
 26-Aug-20210.0339
 28-Jul-20210.0339
 28-Jun-20210.0339
 28-May-20210.0225
 26-Apr-20210.0225
 25-Mar-20210.0224
 26-Feb-20210.0224
 28-Jan-20210.0223
 28-Dec-20200.0223
 25-Nov-20200.0222
 28-Oct-20200.0222
 28-Sep-20200.0222
 31-Aug-20200.0222
 28-Jul-20200.0221
 26-Jun-20200.0332
 28-May-20200.0443
 28-Apr-20200.0331
 20-Mar-20200.0784
 28-Feb-20200.0491
 28-Jan-20200.0490
 27-Dec-20190.0490
IDCW Yearly20-Mar-20200.8667

 15-Mar-20190.6463
 22-Mar-20180.7068
 29-Mar-20170.2117

Contact Information

AMC: IDFC Asset Management Company Limited

Address: Unit No. 27, Ground Floor, Khetan Bhavan,198, Jamshedji Tata Road, Churchgate, Mumbai - 400020

Phone: 022-24398777 / 24399999 / 66289999

Fax: 24215052 / 24215051

Email: [email protected]

Website: http://www.idfcmf.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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