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3 star

IDFC Arbitrage Fund - Direct Plan


Hybrid: Arbitrage

1 Lakh

Investment Grown to
₹ 1.21 Lakh

₹ 10000

Monthly SIP Grown to
₹ 3.94 Lakh

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 2.56 -0.06 -0.02 -0.01 0.92 2.32 5.36 6.48 6.57 7.36 --
CCIL T Bill Liquidity Weight 2.04 0.00 0.04 0.24 0.86 1.94 3.94 4.14 4.32 4.70 --
Hybrid: Arbitrage 2.59 -0.06 -0.02 -0.03 0.80 2.36 5.27 6.13 6.53 7.26 --
Rank within category 14 17 15 10 13 14 14 7 8 4 --
Number of funds in category 24 26 26 25 25 24 23 17 15 9 0

As on 09-Jul-2020

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 5.36 6.48 6.57 0.30 7,978
Kotak Equity Arbitrage Fund - Direct Plan  | Invest Online
5 star
Jan-13 5.63 6.47 6.62 0.44 15,853
Nippon India Arbitrage Fund - Direct Plan
5 star
Jan-13 5.86 6.78 6.79 0.31 7,944
Aditya Birla Sun Life Arbitrage Fund - Direct Plan  | Invest Online
4 star
Jan-13 5.73 6.45 6.58 0.32 4,182
Edelweiss Arbitrage Fund - Direct Plan  | Invest Online
5 star
Jun-14 6.16 6.72 6.83 0.35 3,569

Best & Worst Performance

Best (Period) Worst (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) 0.83 (16-Mar-2020 - 15-Jun-2020)
Year 10.28 (31-Jul-2013 - 31-Jul-2014) 5.68 (03-Jul-2019 - 02-Jul-2020)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 6.42 0.71 1.58 2.07 0.32 1.52
CCIL T Bill Liquidity Weight 4.07 0.28 -4.34 -7.86 -- --
Hybrid: Arbitrage 6.10 0.84 1.31 1.85 0.48 1.38
Rank within category 6 11 9 9 6 9
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 30-Jun-2020

Asset Allocation (%)

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Concentration & Valuation

Number of Stocks 104
Top 10 Holdings (%) 54.73
Top 5 Holdings (%) 40.84
Top 3 Sectors (%) 0.32
Portfolio P/B Ratio 2.22
Portfolio P/E Ratio 16.36

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 Axis Bank Fixed Deposits -- 0.29 - 19.08 15.29
equal HDFC Bank Fixed Deposits -- 2.50 - 10.57 3.12
new 8.04% Chhattisgarh State 17/10/2020 State Development Loan SOV 0.00 - 2.50 2.50
equal Bank of Baroda Fixed Deposits -- 0.00 - 2.72 2.04
equal ICICI Bank Fixed Deposits -- 1.90 - 2.70 1.99
new 8.37% REC 14/08/2020 Bonds AAA 0.00 - 1.64 1.64
new 6.60% REC 21/03/2022 Debenture AAA 0.00 - 1.26 1.26
up 6.98% National Bank Agr. Rur. Devp 30/09/2020 Debenture AAA 0.00 - 0.96 0.96
equal First Business Receivable Trust Securitised Debt AAA 0.02 - 0.05 0.62
new National Bank Agr. Rur. Devp 2020 Certificate of Deposit A1+ 0.00 - 0.31 0.31
equal Axis Bank 24/07/2020 Certificate of Deposit A1+ 0.00 - 0.30 0.25
new 8.80% LIC Housing Fin. 24/12/2020 Debenture AAA 0.00 - 0.25 0.13
equal 8.53% LIC Housing Fin. 24/09/2020 Debenture AAA 0.00 - 0.16 0.13
equal 8.75% HDFC 2021 Debenture AAA 0.00 - 0.21 0.13
equal LIC Housing Fin. 356-D 20/08/2020 Commercial Paper A1+ 0.00 - 0.15 0.12
equal Axis Bank 28/07/2020 Certificate of Deposit A1+ 0.00 - 0.15 0.12
equal HDFC 363-D 10/02/2021 Commercial Paper A1+ 0.00 - 0.14 0.12
new 8.55% Power Finance Corp. 2021 Bonds AAA 0.00 - 0.08 0.08
new 8.81% SIDBI 25/01/2022 Debenture AAA 0.00 - 0.07 0.07
equal 8.70% Reliance Industries 18/07/2021 Debenture AAA 0.00 - 0.08 0.07
equal 8.83% REC 21/01/2022 Non Convertible Debenture AAA 0.00 - 0.08 0.06
equal 8.93% NTPC 19/01/2021 Bonds AAA 0.00 - 0.08 0.06
equal Axis Bank 29/06/2020 Certificate of Deposit A1+ 0.00 - 0.25 0.06
equal 8.88% LIC Housing Fin. 13/10/2020 Debenture AAA 0.00 - 0.09 0.06
new 8.67% LIC Housing Fin. 26/08/2020 Debenture AAA 0.00 - 0.06 0.06

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 Hindustan Unilever FMCG 75.69 8.62 0.00 8.62
up Bharti Airtel Communication -- 7.02 0.00 7.02
up Infosys Technology 20.06 5.20 0.00 5.20
up HDFC Financial 15.72 6.07 0.00 4.71
up ICICI Bank Financial 25.08 5.25 0.00 4.24
down Sun Pharmaceutical Inds. Healthcare 30.72 3.50 0.00 1.88
up Tech Mahindra Technology 13.82 1.91 0.00 1.80
up Lupin Healthcare -- 1.93 0.00 1.66
up Larsen & Toubro Construction 13.89 3.58 0.00 1.47
down Reliance Industries Energy 31.35 6.91 0.00 1.43
up Axis Bank Financial 69.10 4.24 0.00 1.43
up Tata Consultancy Services Technology 25.58 2.56 0.00 1.31
down State Bank of India Financial 8.99 4.52 0.00 1.06
up Cipla Healthcare 33.30 1.07 0.00 1.05
up Vedanta Metals -- 2.63 0.00 0.96
down Marico FMCG 43.38 1.36 0.00 0.96
up Divi's Laboratories Healthcare 41.96 1.37 0.00 0.96
down Grasim Industries Construction 9.17 1.74 0.01 0.93
up Maruti Suzuki India Automobile 31.95 2.72 0.00 0.90
up Nestle India FMCG 79.53 1.00 0.00 0.79
up Wipro Technology 13.02 2.11 0.00 0.76
down Adani Ports and Special Economic Zone Services 18.52 1.92 0.00 0.75
new Kotak Mahindra Bank Financial 31.51 1.47 0.00 0.68
up Tata Motors Automobile -- 2.41 0.00 0.68
up Coal India Energy 4.81 0.99 0.00 0.64

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-May-2020

Fund Manager

— Arpit Kapoor since 01-Mar-2017

Education: Mr. Kapoor is a B.Tech. from Uttar Pradesh Technical University and PGDM from IIM Kozhikode

Experience: Prior to joining IDFC Mutual Fund he has considerable experience in Equity markets while working with UTI Mutual Fund.

Funds Managed:

— Yogik Pitti since 27-Jun-2013

Education: He is a B.Com (H)

Experience: He has been associated with IDFC Mutual Fund since 2007.

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:


-0.06%

Change from previous, NAV as on 09-Jul-2020

Growth: ₹ 25.9822

Dividend Yearly: ₹ 11.3978

Dividend Monthly: ₹ 13.2477


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

Minimum Investment (₹) 100
Minimum Addl Investment (₹) 100
Minimum SIP Investment (₹) 1,000
Minimum No of Cheques 6
Minimum Withdrawal (₹) 500
Minimum Balance (₹) 500
Exit Load 0.25% for redemption within 30 days

Basic Details

Fund House: IDFC Mutual Fund
Launch Date: 01-Jan-2013
Return Since Launch: 7.45%
Benchmark: NIFTY 50 Arbitrage
Riskometer: Moderately Low
Type: Open-ended
Assets: ₹ 7,978 Cr (As on 31-May-2020)
Expense: 0.30% (As on 31-May-2020)
Risk Grade: Average
Return Grade: Average
Turnover: 273.00%

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Monthly26-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
 28-Nov-20190.0490
 30-Oct-20190.0514
 27-Sep-20190.0489
 29-Aug-20190.0612
 26-Jul-20190.0636
 27-Jun-20190.0635
 30-May-20190.0684
 26-Apr-20190.0632
 28-Mar-20190.0583
 27-Feb-20190.0583
 30-Jan-20190.0584
 27-Dec-20180.0456
 29-Nov-20180.0347
 31-Oct-20180.0533
 28-Sep-20180.0472
 31-Aug-20180.0370
 30-Jul-20180.0695
 28-Jun-20180.0621
Dividend 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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