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5 star

Edelweiss Arbitrage Fund - Regular Plan


Hybrid: Arbitrage

1 Lakh

Investment Grown to
₹ 1.17 Lakh

₹ 10000

Monthly SIP Grown to
₹ 3.88 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 0.04 0.16 0.22 0.77 1.68 4.27 5.50 5.82 -- --
CCIL T Bill Liquidity Weight 0.06 0.01 0.04 0.13 0.48 1.09 3.02 3.79 4.01 -- --
Hybrid: Arbitrage 0.10 0.03 0.12 0.17 0.67 1.51 3.52 5.04 5.59 -- --
Rank within category 6 6 3 3 11 10 4 4 2 -- --
Number of funds in category 27 27 27 27 27 26 24 17 15 10 10

As on 21-Jan-2021

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 4.27 5.50 5.82 1.10 3,195
Kotak Equity Arbitrage Fund Regular Plan  | Invest Online
5 star
Sep-05 4.12 5.49 5.80 1.00 14,908
Nippon India Arbitrage Fund  | Invest Online
4 star
Oct-10 4.08 5.61 5.82 1.01 8,029
UTI Arbitrage Fund - Regular Plan  | Invest Online
4 star
Jun-06 4.12 5.47 5.72 0.94 2,969
L&T Arbitrage Opportunities Fund - Regular Plan  | Invest Online
4 star
Jun-14 4.54 5.51 5.78 0.98 2,737

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) -0.04 (29-May-2020 - 28-Aug-2020)
Year 9.22 (02-Jul-2014 - 02-Jul-2015) 4.15 (13-Jan-2020 - 12-Jan-2021)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 5.46 0.79 0.87 1.13 1.09 1.76
CCIL T Bill Liquidity Weight 3.78 0.34 -2.89 -5.80 -- --
Hybrid: Arbitrage 5.02 0.95 0.47 0.71 0.82 1.05
Rank within category 3 6 3 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 31-Dec-2020

Asset Allocation (%)

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Concentration & Valuation

Number of Stocks 114
Top 10 Holdings (%) 26.29
Top 5 Holdings (%) 16.13
Top 3 Sectors (%) 0.01
Portfolio P/B Ratio 2.05
Portfolio P/E Ratio 24.05
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
equal Axis Bank 13/01/2021 Certificate of Deposit A1+ 0.00 - 2.00 1.56
equal 5.00% HDFC Bank 13/01/2021 Fixed Deposits -- 0.00 - 0.81 0.78
equal Reserve Bank of India 182-D 07/01/2021 Treasury Bills SOV 0.00 - 0.78 0.78
equal 5.00% HDFC Bank 2021 Fixed Deposits -- 0.00 - 0.81 0.78
equal 6.60% AU Small Finance Bank 2021 Fixed Deposits -- 0.62 - 1.05 0.78
equal Reserve Bank of India 364-D 25/03/2021 Treasury Bills SOV 0.00 - 0.78 0.78
equal Reserve Bank of India 182-D 11/03/2021 Treasury Bills SOV 0.00 - 0.78 0.78
equal 4.75% Federal Bank 27/07/2021 Fixed Deposits -- 0.00 - 0.79 0.78
equal Reserve Bank of India 182-D 25/02/2021 Treasury Bills SOV 0.00 - 0.78 0.78
equal 5.00% HDFC Bank 2021 Fixed Deposits -- 0.00 - 0.81 0.78
new Reserve Bank of India 364-D 15/04/2021 Treasury Bills SOV 0.00 - 0.78 0.78
equal Reserve Bank of India 182-D 04/03/2021 Treasury Bills SOV 0.00 - 0.78 0.78
equal HDFC 317-D 10/03/2021 Commercial Paper A1+ 0.00 - 0.78 0.78
equal Reserve Bank of India 364-D 18/03/2021 Treasury Bills SOV 0.00 - 0.78 0.78
new Reserve Bank of India 15/07/2021 Treasury Bills SOV 0.00 - 0.77 0.77
equal Reserve Bank of India 364-D 22/07/2021 Treasury Bills SOV 0.00 - 0.77 0.77
new Reserve Bank of India 364-D 29/07/2021 Treasury Bills SOV 0.00 - 0.77 0.77
new Reserve Bank of India 27/05/2021 Treasury Bills SOV 0.00 - 0.77 0.77
new Reserve Bank of India 182-D 10/06/2021 Treasury Bills SOV 0.00 - 0.77 0.77
new Reserve Bank of India 364-D 24/06/2021 Treasury Bills SOV 0.00 - 0.77 0.77
new Reserve Bank of India 364-D 05/08/2021 Treasury Bills SOV 0.00 - 0.77 0.77
new Reserve Bank of India 182-D 20/05/2021 Treasury Bills SOV 0.00 - 0.77 0.77
equal Reserve Bank of India 2021 Treasury Bills SOV 0.00 - 0.77 0.77
new Reserve Bank of India 364-D 19/08/2021 Treasury Bills SOV 0.00 - 0.77 0.77
equal Reserve Bank of India 364-D 09/09/2021 Treasury Bills SOV 0.00 - 0.77 0.76

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 29.04 4.83 0.00 4.83
up Tata Steel Metals -- 3.98 0.00 3.52
down Bharti Airtel Communication -- 4.97 0.14 2.83
up Sun Pharmaceutical Inds. Healthcare 95.11 5.76 0.13 2.68
down HDFC Financial 29.66 8.51 0.00 2.27
down ICICI Bank Financial 27.41 5.45 0.00 2.21
down Reliance Industries Energy 34.81 9.28 0.00 2.15
equal JSW Steel Metals 64.50 4.13 0.00 2.07
up Cipla Healthcare 35.62 1.99 0.00 1.99
down Maruti Suzuki India Automobile 60.07 2.34 0.00 1.74
up Grasim Industries Construction 19.54 3.63 0.04 1.66
up Adani Enterprises Services 67.13 1.66 0.00 1.66
up Tata Consumer Products FMCG 87.25 1.53 0.00 1.53
down Aurobindo Pharma Healthcare 16.83 2.44 0.00 1.46
up Vodafone Idea Communication -- 1.33 0.00 1.33
down Vedanta Metals -- 1.88 0.00 1.32
up HCL Technologies Technology 20.40 1.38 0.00 1.30
up Indiabulls Housing Finance Financial 7.86 4.69 0.00 1.28
up Axis Bank Financial 58.30 3.60 0.00 1.12
up SAIL Metals 17.69 1.09 0.00 1.09
up GMR Infrastructure Construction -- 0.90 0.00 0.90
up Dabur India FMCG 63.18 1.82 0.00 0.90
down Tata Motors Automobile -- 1.61 0.00 0.89
up Escorts Automobile 28.79 0.92 0.00 0.86
up Pidilite Industries Chemicals 102.24 1.76 0.00 0.84

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-2020

Fund Manager


0.04%

Change from previous, NAV as on 21-Jan-2021

Growth: ₹ 15.0108

Dividend Monthly: ₹ 12.2634

More

Dividend: ₹ 11.0150

Bonus: ₹ 15.0131


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: 6.37%
Benchmark: NIFTY 50 Arbitrage TRI
Riskometer: Low to Moderate
Type: Open-ended
Assets: ₹ 3,195 Cr (As on 31-Dec-2020)
Expense: 1.10% (As on 31-Dec-2020)
Risk Grade: Low
Return Grade: High
Turnover: 340.00%

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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