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4 star

UTI Arbitrage Fund - Direct Plan


Hybrid: Arbitrage

1 Lakh

Investment Grown to
₹ 1.21 Lakh

₹ 10000

Monthly SIP Grown to
₹ 3.95 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 3.03 0.02 0.00 0.23 1.34 2.70 5.74 6.50 6.58 7.16 --
CCIL T Bill Liquidity Weight 2.06 -0.01 0.05 0.22 0.84 1.89 3.85 4.13 4.32 4.69 --
Hybrid: Arbitrage 2.66 0.01 0.02 0.07 0.99 2.36 5.26 6.13 6.54 7.25 --
Rank within category 9 6 20 1 3 9 9 6 8 8 --
Number of funds in category 24 26 26 25 25 24 23 17 15 9 0

As on 13-Jul-2020

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
UTI Arbitrage Fund - Direct Plan  | Invest Online
4 star
Jan-13 5.74 6.50 6.58 0.35 2,986
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 5.83 6.78 6.79 0.31 7,847
Aditya Birla Sun Life Arbitrage Fund - Direct Plan  | Invest Online
4 star
Jan-13 5.70 6.44 6.58 0.32 4,387
Edelweiss Arbitrage Fund - Direct Plan  | Invest Online
5 star
Jun-14 6.13 6.72 6.84 0.35 3,708

Best & Worst Performance

Best (Period) Worst (Period)
Week 0.76 (25-Mar-2020 - 01-Apr-2020) -0.51 (18-Mar-2020 - 25-Mar-2020)
Month 1.08 (25-Mar-2020 - 24-Apr-2020) -0.08 (29-May-2020 - 29-Jun-2020)
Quarter 2.56 (24-Dec-2014 - 25-Mar-2015) 1.05 (24-Dec-2019 - 25-Mar-2020)
Year 9.34 (26-Jul-2013 - 28-Jul-2014) 5.74 (10-Jul-2019 - 09-Jul-2020)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 6.40 0.65 1.70 2.57 0.42 1.62
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 9 2 5 3 12 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 30-Jun-2020

Asset Allocation (%)

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Concentration & Valuation

Number of Stocks 93
Top 10 Holdings (%) 42.25
Top 5 Holdings (%) 27.21
Top 3 Sectors (%) 33.63
Portfolio P/B Ratio 1.84
Portfolio P/E Ratio 17.82

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 Kotak Mahindra Prime 23/12/2020 Debenture AAA 0.00 - 6.41 6.16
equal Punjab National Bank 366-D Short Term Deposit -- 0.00 - 6.42 4.99
equal Corporation Bank 366-D Short Term Deposit -- 0.00 - 2.79 2.20
equal Canara Bank 366-D Short Term Deposit -- 0.00 - 2.45 2.00
equal 6.95% Reliance Industries 15/03/2023 Non Convertible Debenture AAA 0.00 - 1.78 1.73
equal HDFC 357-D 24/02/2021 Commercial Paper A1+ 0.00 - 1.69 1.63
equal HDFC 364-D 25/05/2021 Commercial Paper A1+ 0.00 - 1.66 1.61
equal 7.49% HDB Financial Services 18/11/2021 Bonds/NCDs AAA 0.00 - 1.97 1.54
equal 8.12% Nabha Power 28/04/2021 Debenture AAA 0.00 - 1.96 1.51
equal Allahabad Bank 333-D Short Term Deposit -- 0.00 - 1.92 1.47
equal Indian Bank 365-D Short Term Deposit -- 0.00 - 1.05 1.00
equal Allahabad Bank 366-D Short Term Deposit -- 0.00 - 0.98 0.80
equal HDFC Bank 369-D Short Term Deposit -- 0.44 - 0.75 0.50
equal Punjab National Bank 365-D Short Term Deposit -- 0.00 - 0.91 0.47
equal Punjab National Bank 368-D Short Term Deposit -- 0.00 - 0.49 0.47
equal HDFC Bank 366-D Short Term Deposit -- 0.25 - 0.53 0.33
equal Punjab National Bank 367-D Short Term Deposit -- 0.00 - 0.32 0.30
equal Federal Bank 367-D Short Term Deposit -- 0.12 - 0.37 0.28
equal Allahabad Bank 368-D Short Term Deposit -- 0.00 - 0.35 0.27
equal Corporation Bank 365-D Short Term Deposit -- 0.00 - 0.44 0.27
equal Allahabad Bank 365-D Short Term Deposit -- 0.00 - 0.44 0.27
equal Federal Bank 368-D Short Term Deposit -- 0.00 - 0.31 0.24
equal Allahabad Bank 367-D Short Term Deposit -- 0.00 - 0.26 0.20
equal Federal Bank 366-D Short Term Deposit -- 0.00 - 0.29 0.17
equal Britannia Inds. 28/08/2022 Non Convertible Debenture AAA 0.00 - 0.17 0.13

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 Reliance Industries Energy 33.24 7.30 0.00 6.25
up Bharti Airtel Communication -- 5.30 0.00 5.30
down Hindustan Unilever FMCG 78.80 5.37 0.00 4.51
up Indusind Bank Financial 8.40 3.76 0.00 3.76
up ICICI Bank Financial 23.93 8.17 0.00 3.69
down HDFC Financial 14.94 6.75 0.00 2.72
down Vedanta Metals -- 3.15 0.00 2.66
equal HCL Technologies Technology 14.79 4.30 0.00 2.21
up Aurobindo Pharma Healthcare 16.75 5.62 0.20 2.02
up Ultratech Cement Construction 18.80 2.35 0.00 1.84
up BPCL Energy 26.98 1.81 0.00 1.81
up Nestle India FMCG 80.52 1.85 0.00 1.51
up Zee Entertainment Services 10.52 1.65 0.00 1.49
up Tata Motors Automobile -- 4.25 0.00 1.24
down Grasim Industries Construction 9.09 1.46 0.00 1.17
down Tech Mahindra Technology 14.38 1.90 0.00 1.08
up SBI Life Insurance Company Financial 60.70 1.06 0.00 1.06
down Adani Ports and Special Economic Zone Services 17.93 1.45 0.00 1.05
up Dabur India FMCG 59.25 1.03 0.00 1.03
down Tata Consultancy Services Technology 26.68 5.50 0.00 0.99
up Divi's Laboratories Healthcare 43.11 1.40 0.00 0.97
up Lupin Healthcare -- 0.87 0.00 0.87
up ITC FMCG 15.86 3.83 0.00 0.73
down United Spirits FMCG 69.37 1.10 0.00 0.72
up Jindal Steel & Power Metals -- 0.87 0.00 0.70

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-Jun-2020

Fund Manager

— Amit Sharma since 02-Jul-2018

Experience: He has been associated with the Dept. of Fund Management of UTI for the past 4 years.

Funds Managed:


0.02%

Change from previous, NAV as on 13-Jul-2020

Growth: ₹ 27.6646

Dividend: ₹ 17.0038


Investment Strategy

The scheme seeks to generate capital appreciation through arbitrage opportunities between cash and derivative market and arbitrage opportunities within the derivative segment and by deployment of surplus cash in debt securities and money market instruments.

Investment Details

Minimum Investment (₹) 5,000
Minimum Addl Investment (₹) 1,000
Minimum SIP Investment (₹) 500
Minimum No of Cheques 6
Minimum Withdrawal (₹) --
Minimum Balance (₹) --
Exit Load For units in excess of 10% of the investment,0.25% will be charged for redemption within 21 days

Basic Details

Fund House: UTI Mutual Fund
Launch Date: 01-Jan-2013
Return Since Launch: 7.18%
Benchmark: NIFTY 50 Arbitrage
Riskometer: Moderately Low
Type: Open-ended
Assets: ₹ 2,986 Cr (As on 30-Jun-2020)
Expense: 0.35% (As on 31-May-2020)
Risk Grade: Below Average
Return Grade: Average
Turnover: 1,082.00%

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend06-Jul-20200.0800

 09-Jun-20200.0800
 12-May-20200.0800
 23-Mar-20200.1062
 03-Mar-20200.0885
 06-Feb-20200.0708
 06-Jan-20200.0708
 03-Dec-20190.0708
 06-Nov-20190.0708
 03-Oct-20190.0708
 04-Sep-20190.0708
 05-Aug-20190.0620
 04-Jul-20190.0620
 13-Jun-20190.0620
 13-May-20190.0620
 11-Apr-20190.0620
 13-Mar-20190.0620
 12-Feb-20190.0620
 10-Jan-20190.0620
 13-Dec-20180.0620
 12-Nov-20180.0576
 10-Oct-20180.0576
 10-Sep-20180.0576
 09-Aug-20180.0576
 11-Jul-20180.0576

Contact Information

AMC: UTI Asset Management Company Ltd

Address: UTI Tower, 'GN' Block, Bandra-Kurla Complex, Bandra (East), Mumbai - 400051

Phone: 022- 66786666 / 66786354 / 1800-22-1230

Fax: 022-26523031

Email: [email protected]

Website: http://www.utimf.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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