VR Logo

2 star

HDFC Arbitrage Fund - Wholesale - Direct Plan


Hybrid: Arbitrage

1 Lakh

Investment Grown to
₹ 1.19 Lakh

₹ 10000

Monthly SIP Grown to
₹ 3.91 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.

Read more

ajax-loader
Please wait...

ajax-loader
Please wait...

(₹)
cal
cal

ajax-loader
Please wait...

Trailing Returns (%)

YTD 1-Day 1-W 1-M 3-M 6-M 1-Y 3-Y 5-Y 7-Y 10-Y
Fund 2.29 -0.06 -0.03 -0.07 0.68 2.07 5.06 5.95 6.31 -- --
CCIL T Bill Liquidity Weight 2.04 0.00 0.04 0.24 0.86 1.94 3.94 4.14 4.32 -- --
Hybrid: Arbitrage 2.59 -0.06 -0.02 -0.03 0.80 2.36 5.27 6.13 6.53 -- --
Rank within category 20 15 20 20 18 19 18 15 13 -- --
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)
HDFC Arbitrage Fund - Wholesale - Direct Plan  | Invest Online
2 star
Apr-14 5.06 5.95 6.31 0.35 5,906
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 0.72 (25-Mar-2020 - 01-Apr-2020) -0.54 (17-Mar-2020 - 24-Mar-2020)
Month 1.06 (05-Feb-2016 - 08-Mar-2016) -0.23 (24-Feb-2020 - 25-Mar-2020)
Quarter 2.50 (05-Mar-2015 - 05-Jun-2015) 0.76 (16-Mar-2020 - 15-Jun-2020)
Year 8.33 (16-May-2014 - 18-May-2015) 5.38 (03-Jul-2019 - 02-Jul-2020)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 5.93 0.67 0.93 1.30 0.40 1.12
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 15 7 15 15 9 14
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 (%)

ajax-loader
Please wait...

Concentration & Valuation

Number of Stocks 91
Top 10 Holdings (%) 53.13
Top 5 Holdings (%) 36.35
Top 3 Sectors (%) 33.78
Portfolio P/B Ratio 2.23
Portfolio P/E Ratio 19.89

Value Research Equity Fund Style

Value Research Debt Fund Style*

Credit Rating vis-à-vis Category

ajax-loader
Please wait...

Top Debt Holdings

Company Instrument Credit Rating 1Y Range % Assets
equal Federal Bank Fixed Deposits -- 6.49 - 13.27 13.17
equal Punjab National Bank Fixed Deposits -- 0.00 - 5.04 4.20
equal Punjab & Sind Bank 20/08/2020 Certificate of Deposit A1+ 0.00 - 3.50 3.37
equal AU Small Finance Bank Fixed Deposits -- 0.52 - 4.02 2.86
equal South Indian Bank Fixed Deposits -- 0.25 - 2.62 1.86
equal Indian Bank Fixed Deposits -- 0.00 - 1.50 1.50
equal 8.51% HDFC 15/07/2020 Non Convertible Debenture AAA 0.00 - 0.89 0.85
new Union Bank of India Fixed Deposits -- 0.00 - 0.33 0.33
equal 8.67% LIC Housing Fin. 26/08/2020 Debenture AAA 0.00 - 0.27 0.26

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

ajax-loader
Please wait...

Top Equity Holdings

Company Sector P/E 3Y High 3Y Low % Assets
up Bharti Airtel Communication -- 6.68 0.00 6.68
up HDFC Financial 15.72 7.76 0.01 6.39
up Hindustan Unilever FMCG 75.69 5.91 0.00 5.91
up ICICI Bank Financial 25.08 4.70 0.00 3.74
down Sun Pharmaceutical Inds. Healthcare 30.72 7.26 2.55 3.70
up Maruti Suzuki India Automobile 31.95 3.32 0.00 3.11
new Reliance Industries Energy 31.35 8.44 0.00 2.39
up Dr. Reddy's Lab Healthcare 31.97 3.75 0.58 2.29
down Infosys Technology 20.06 5.42 0.00 2.06
down Adani Ports and Special Economic Zone Services 18.52 1.90 0.00 1.90
up Axis Bank Financial 69.10 3.73 0.00 1.79
up Tech Mahindra Technology 13.82 1.74 0.00 1.74
up Indusind Bank Financial 8.66 1.70 0.00 1.70
up Aurobindo Pharma Healthcare 16.82 5.95 0.98 1.56
down Grasim Industries Construction 9.17 1.65 0.01 1.42
up BPCL Energy 26.74 1.37 0.00 1.37
up Divi's Laboratories Healthcare 41.96 1.32 0.00 1.29
up Ultratech Cement Construction 19.07 1.42 0.00 1.11
down Vedanta Metals -- 2.76 0.00 0.86
down JSW Steel Metals 11.84 2.02 0.00 0.84
equal HCL Technologies Technology 14.44 1.87 0.00 0.68
up Ambuja Cements Construction 18.62 0.76 0.00 0.66
up Godrej Consumer Products FMCG 47.36 0.78 0.00 0.65
up UPL Chemicals 19.04 0.89 0.13 0.64
up Cipla Healthcare 33.30 0.82 0.00 0.63

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

*As on 31-May-2020

Fund Manager

— Krishan Kumar Daga since 10-Sep-2015

Education: Mr. Daga is a B.Com (H).

Experience: Prior to joining HDFC AMC he has worked with Reliance Mutual Fund, Reliance Capital Ltd., Deutsche Securities, B&K Securities, Brics Securities, JP Morgan Securities and HSBC Securities.

Funds Managed:


-0.06%

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

Growth: ₹ 14.9940

Dividend Monthly: ₹ 10.4270

Dividend: ₹ 10.6760


Investment Strategy

The scheme seeks to generate income through arbitrage opportunities and debt & money market instruments.

Investment Details

Minimum Investment (₹) 1,00,000
Minimum Addl Investment (₹) 1,00,000
Minimum SIP Investment (₹) 500
Minimum No of Cheques 12
Minimum Withdrawal (₹) 500
Minimum Balance (₹) 1
Exit Load 0.25% for redemption within 30 days

Basic Details

Fund House: HDFC Mutual Fund
Launch Date: 07-Apr-2014
Return Since Launch: 6.68%
Benchmark: NIFTY 50 Arbitrage
Riskometer: Moderately Low
Type: Open-ended
Assets: ₹ 5,906 Cr (As on 30-Jun-2020)
Expense: 0.35% (As on 31-May-2020)
Risk Grade: Above Average
Return Grade: Below Average
Turnover: 148.50%

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend18-Jun-20200.0400

 21-May-20200.0450
 23-Apr-20200.0480
 19-Mar-20200.0440
 20-Feb-20200.0900
 23-Jan-20200.0400
 19-Dec-20190.0450
 21-Nov-20190.0500
 24-Oct-20190.0500
 19-Sep-20190.0500
 22-Aug-20190.0500
 18-Jul-20190.0500
 20-Jun-20190.0500
 23-May-20190.0500
 18-Apr-20190.0500
 22-Mar-20190.0500
 21-Feb-20190.0500
 24-Jan-20190.0500
 20-Dec-20180.0500
 22-Nov-20180.0500
 19-Oct-20180.0500
 21-Sep-20180.0500
 23-Aug-20180.0500
 19-Jul-20180.0500
 21-Jun-20180.0500
Dividend Monthly18-Jun-20200.0400

 21-May-20200.0450
 23-Apr-20200.0480
 19-Mar-20200.0440
 20-Feb-20200.0450
 23-Jan-20200.0400
 19-Dec-20190.0450
 21-Nov-20190.0500
 24-Oct-20190.0500
 19-Sep-20190.0500
 22-Aug-20190.0500
 18-Jul-20190.0500
 20-Jun-20190.0500
 23-May-20190.0500
 18-Apr-20190.0500
 22-Mar-20190.0500
 21-Feb-20190.0500
 24-Jan-20190.0500
 20-Dec-20180.0500
 22-Nov-20180.0500
 19-Oct-20180.0500
 21-Sep-20180.0500
 23-Aug-20180.0500
 19-Jul-20180.0500
 21-Jun-20180.0500

Contact Information

AMC: HDFC Asset Management Company Ltd

Address: "HDFC House"-2nd Floor, H.T. Parekh Marg - 165-166, Backbay Reclamation, Churchgate Mumbai - 400020

Phone: 1800-3010-6767 / 1800-419-7676

Fax: 022-22821144

Website: http://www.hdfcfund.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

Upcoming Video

VR Helpline

Investing rationally when markets are irrational.

dateSaturday, 11-Jul-2020
time04:00 PM - 04:30 PM