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5 star

Edelweiss Arbitrage Fund - Regular Plan


Hybrid: Arbitrage

1 Lakh

Investment Grown to
₹ 1.19 Lakh

₹ 10000

Monthly SIP Grown to
₹ 3.92 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 2.87 0.05 -0.09 0.08 0.86 2.56 5.43 6.03 6.17 -- --
CCIL T Bill Liquidity Weight 2.07 0.03 0.05 0.26 0.89 1.91 3.96 4.16 4.32 -- --
Hybrid: Arbitrage 2.32 0.06 -0.09 0.10 0.70 2.04 4.70 5.55 5.93 -- --
Rank within category 4 16 16 15 10 4 3 2 1 -- --
Number of funds in category 24 26 26 25 25 24 23 17 15 10 9

As on 10-Jul-2020

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
Edelweiss Arbitrage Fund - Regular Plan  | Invest Online
5 star
Jun-14 5.43 6.03 6.17 1.09 3,569
Kotak Equity Arbitrage Fund Regular Plan  | Invest Online
5 star
Sep-05 5.12 5.98 6.11 0.98 15,853
Nippon India Arbitrage Fund  | Invest Online
5 star
Oct-10 5.17 6.11 6.13 1.02 7,944
Aditya Birla Sun Life Arbitrage Fund  | Invest Online
4 star
Jul-09 5.16 5.86 5.94 0.90 4,387
UTI Arbitrage Fund - Regular Plan  | Invest Online
4 star
Jun-06 5.25 5.98 6.05 0.93 2,986

Best & Worst Performance

Best (Period) Worst (Period)
Week 0.62 (25-Mar-2020 - 01-Apr-2020) -0.51 (29-May-2020 - 05-Jun-2020)
Month 1.06 (11-Mar-2015 - 10-Apr-2015) -0.24 (29-May-2020 - 29-Jun-2020)
Quarter 2.62 (12-Mar-2015 - 11-Jun-2015) 0.91 (01-Apr-2020 - 02-Jul-2020)
Year 9.22 (02-Jul-2014 - 02-Jul-2015) 5.67 (03-Jul-2019 - 02-Jul-2020)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 5.97 0.66 1.02 1.25 0.78 1.62
CCIL T Bill Liquidity Weight 4.07 0.28 -4.34 -7.86 -- --
Hybrid: Arbitrage 5.52 0.84 0.51 0.74 0.48 0.81
Rank within category 2 3 1 4 16 1
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 97
Top 10 Holdings (%) 29.95
Top 5 Holdings (%) 19.94
Top 3 Sectors (%) 0.22
Portfolio P/B Ratio 1.94
Portfolio P/E Ratio 15.72

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 HDFC 364-D 05/08/2020 Commercial Paper A1+ 0.00 - 4.10 2.78
equal 6.75% Federal Bank 21/08/2020 Fixed Deposits -- 0.00 - 2.09 1.40
equal 6.90% Federal Bank 2020 Fixed Deposits -- 0.00 - 2.09 1.40
equal Axis Bank 13/01/2021 Certificate of Deposit A1+ 0.00 - 2.00 1.37
equal 5.00% HDFC Bank 2021 Fixed Deposits -- 0.00 - 0.81 0.70
equal 5.00% HDFC Bank 2021 Fixed Deposits -- 0.00 - 0.81 0.70
equal 6.15% Federal Bank 21/12/2020 Fixed Deposits -- 0.00 - 1.05 0.70
equal 5.25% HDFC Bank 19/08/2020 Fixed Deposits -- 0.00 - 1.05 0.70
equal 5.25% HDFC Bank 2020 Fixed Deposits -- 0.00 - 1.05 0.70
equal 5.00% HDFC Bank 13/01/2021 Fixed Deposits -- 0.00 - 0.81 0.70
equal 7.00% IDFC First Bank 2020 Fixed Deposits -- 0.00 - 1.05 0.70
equal 7.05% Federal Bank 28/07/2020 Fixed Deposits -- 0.00 - 1.05 0.70
equal 7.05% Federal Bank 27/07/2020 Fixed Deposits -- 0.00 - 1.05 0.70
equal 6.15% Federal Bank 18/12/2020 Fixed Deposits -- 0.00 - 1.05 0.70
equal 5.25% Axis Bank 2020 Fixed Deposits -- 0.00 - 1.05 0.70
equal 5.25% Axis Bank 16/12/2020 Fixed Deposits -- 0.00 - 1.05 0.70
new National Bank Agr. Rur. Devp 90-D 10/06/2020 Commercial Paper A1+ 0.00 - 0.70 0.70
equal 6.60% AU Small Finance Bank 2021 Fixed Deposits -- 0.00 - 1.05 0.70
equal 7.30% AU Small Finance Bank 2020 Fixed Deposits -- 0.00 - 1.05 0.70
equal 7.00% IDFC First Bank 2020 Fixed Deposits -- 0.00 - 1.05 0.70
new 3.25% HDFC Bank 30/11/2020 Fixed Deposits -- 0.00 - 0.69 0.69
new 3.35% HDFC Bank 28/09/2020 Fixed Deposits -- 0.00 - 0.69 0.69
equal 3.75% HDFC Bank 28/07/2020 Fixed Deposits -- 0.00 - 0.80 0.69
equal 7.35% IDFC First Bank 31/07/2020 Fixed Deposits -- 0.00 - 1.01 0.67
equal 7.88% LIC Housing Fin. 28/01/2021 Bonds/NCDs AAA 0.00 - 0.84 0.57

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 Bharti Airtel Communication -- 4.97 0.00 4.97
up HDFC Financial 15.26 8.51 0.00 4.86
up Hindustan Unilever FMCG 77.37 4.07 0.00 4.07
down Infosys Technology 20.07 7.38 0.00 3.26
up Dr. Reddy's Lab Healthcare 32.05 2.26 0.00 2.26
down Reliance Industries Energy 32.28 9.28 0.00 2.07
up Adani Ports and Special Economic Zone Services 18.09 2.12 0.00 2.06
up ICICI Bank Financial 24.39 3.83 0.00 2.01
up Tata Motors Automobile -- 1.61 0.00 1.61
down Sun Pharmaceutical Inds. Healthcare 31.45 5.76 0.13 1.54
up Tech Mahindra Technology 13.62 1.52 0.00 1.52
down Tata Consultancy Services Technology 26.71 3.96 0.00 1.52
up Cipla Healthcare 33.30 1.39 0.00 1.34
down Vedanta Metals -- 1.88 0.00 1.30
down Grasim Industries Construction 9.09 3.63 0.04 1.10
down UPL Chemicals 18.78 3.18 0.08 1.08
up Bajaj Finance Financial 37.93 2.24 0.00 1.05
down SRF Diversified 22.01 1.38 0.00 0.97
down BPCL Energy 26.72 1.52 0.00 0.97
up Divi's Laboratories Healthcare 42.49 0.94 0.00 0.94
down Lupin Healthcare -- 1.74 0.00 0.93
down Larsen & Toubro Construction 13.71 4.80 0.00 0.89
up Coal India Energy 4.84 2.71 0.00 0.83
down State Bank of India Financial 8.83 4.13 0.00 0.80
new Axis Bank Financial 66.93 3.60 0.00 0.77

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


0.05%

Change from previous, NAV as on 10-Jul-2020

Growth: ₹ 14.7585

Dividend Monthly: ₹ 12.0573

More

Dividend: ₹ 10.8299

Bonus: ₹ 14.7608


Investment Strategy

The Scheme seeks to generate 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 (₹) 5,000
Minimum Addl Investment (₹) 500
Minimum SIP Investment (₹) 500
Minimum No of Cheques 12
Minimum Withdrawal (₹) 500
Minimum Balance (₹) --
Exit Load 0.1% for redemption within 30 days

Basic Details

Fund House: Edelweiss Mutual Fund
Launch Date: 27-Jun-2014
Return Since Launch: 6.66%
Benchmark: NIFTY 50 Arbitrage
Riskometer: Moderately Low
Type: Open-ended
Assets: ₹ 3,569 Cr (As on 31-May-2020)
Expense: 1.09% (As on 30-Jun-2020)
Risk Grade: Low
Return Grade: High
Turnover: 405.00%

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Monthly18-Mar-20200.3719

 24-Feb-20200.0531
 28-Jan-20200.0531
 24-Dec-20190.0531
 25-Nov-20190.0531
 29-Oct-20190.0531
 23-Sep-20190.0531
 26-Aug-20190.0531
 22-Jul-20190.0531
 24-Jun-20190.0531
 27-May-20190.0531
 30-Apr-20190.0531
 25-Mar-20190.0531
 25-Feb-20190.0531
 28-Jan-20190.0531
 24-Dec-20180.0531
 26-Nov-20180.0531
 22-Oct-20180.0531
 24-Sep-20180.0531
 27-Aug-20180.0531
 23-Jul-20180.0531
 25-Jun-20180.0531
 28-May-20180.0531
 24-Apr-20180.0531
 19-Mar-20180.2000
Dividend12-Mar-20200.2036

 11-Sep-20190.0708
 05-Aug-20190.0797
 14-Mar-20190.0443
 18-Feb-20190.0531
 14-Jan-20190.0531
 12-Dec-20180.0531
 19-Nov-20180.0531
 09-Oct-20180.0620
 13-Aug-20180.0354
 26-Jul-20180.0531
 12-Jun-20180.0531
 21-May-20180.0443
 18-Apr-20180.0531
 05-Mar-20180.2600
 10-Oct-20170.0700
 12-Sep-20170.1000
 11-Jul-20170.0600
 06-Jun-20170.1700
 10-Feb-20170.0450
 19-Jan-20170.0500
 20-Dec-20160.0600
 10-Nov-20160.0800
 14-Oct-20160.1000
 08-Jun-20160.0800

Contact Information

AMC: Edelweiss Asset Management Ltd.

Address: 801- 802 & 803 - 8th Floor, Windsor Off C.S.T. Road, Kalina-Santacruz (E), Mumbai - 400098

Phone: 40933400 / 1800-425-0090

Email: [email protected]

Website: http://www.edelweissmf.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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