1 Lakh
Investment Grown to₹ 10000
Monthly SIP Grown toSuitability:
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
Dividends
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YTD | 1-Day | 1-W | 1-M | 3-M | 6-M | 1-Y | 3-Y | 5-Y | 7-Y | 10-Y | |
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Fund | 0.58 | 0.08 | 0.01 | 0.40 | 1.02 | 1.99 | 4.39 | 5.97 | 6.36 | -- | -- |
CCIL T Bill Liquidity Weight | 0.29 | 0.01 | 0.01 | 0.18 | 0.43 | 1.07 | 2.84 | 3.75 | 3.97 | -- | -- |
Hybrid: Arbitrage | 0.46 | 0.10 | 0.01 | 0.32 | 0.88 | 1.73 | 3.45 | 5.53 | 6.17 | -- | -- |
Rank within category | 4 | 20 | 14 | 3 | 6 | 8 | 2 | 4 | 4 | -- | -- |
Number of funds in category | 27 | 27 | 27 | 27 | 27 | 27 | 25 | 18 | 15 | 9 | 0 |
As on 26-Feb-2021
Fund name | Rating | Launch Date | 1-Year Return | 3-Year Return | 5-Year Return | Expense Ratio | Assets (Cr) |
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L&T Arbitrage Opportunities Fund - Direct Plan | Invest Online | Jun-14 | 4.39 | 5.97 | 6.36 | 0.29 | 3,046 | |
Kotak Equity Arbitrage Fund - Direct Plan | Invest Online | Jan-13 | 4.11 | 5.93 | 6.30 | 0.41 | 15,528 | |
Nippon India Arbitrage Fund - Direct Plan | Jan-13 | 4.13 | 6.11 | 6.48 | 0.34 | 9,515 | |
Edelweiss Arbitrage Fund - Direct Plan | Invest Online | Jun-14 | 4.39 | 6.14 | 6.50 | 0.39 | 3,324 | |
UTI Arbitrage Fund - Direct Plan | Invest Online | Jan-13 | 4.02 | 5.89 | 6.23 | 0.38 | 3,223 |
Best Performance | Worst Performance | |||
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Return (%) | Period | Return (%) | Period | |
Week | 0.78 | 17-May-2017 - 24-May-2017 | -0.53 | 29-May-2020 - 05-Jun-2020 |
Month | 1.44 | 24-Apr-2017 - 24-May-2017 | -0.15 | 29-May-2020 - 29-Jun-2020 |
Quarter | 2.68 | 16-Mar-2015 - 15-Jun-2015 | 0.32 | 29-May-2020 - 28-Aug-2020 |
Year | 9.21 | 30-Jun-2014 - 01-Jul-2015 | 4.68 | 03-Feb-2020 - 02-Feb-2021 |
Mean | Std Dev | Sharpe | Sortino | Beta | Alpha | |
---|---|---|---|---|---|---|
Fund | 5.85 | 0.79 | 1.51 | 2.32 | 0.70 | 1.85 |
CCIL T Bill Liquidity Weight | 3.72 | 0.36 | -2.62 | -5.07 | -- | -- |
Hybrid: Arbitrage | 5.45 | 0.95 | 1.09 | 1.62 | 0.89 | 1.62 |
Rank within category | 4 | 3 | 4 | 2 | 3 | 11 |
Number of funds in category | 18 | 18 | 18 | 18 | 18 | 18 |
The Risk Measures have been calculated using calendar month returns for the last three years.
As on 31-Jan-2021
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Number of Stocks | 113 |
Top 10 Holdings (%) | 50.05 |
Top 5 Holdings (%) | 37.33 |
Top 3 Sectors (%) | 0.02 |
Portfolio P/B Ratio | 2.16 |
Portfolio P/E Ratio | 23.96 |
Avg Credit Rating | GOI/Cash |
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Company | Instrument | Credit Rating | 1Y Range | % Assets | |
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L&T Liquid Plan Direct-Growth | Mutual Fund | Unrated | 0.00 - 19.22 | 17.58 |
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HDFC Bank | Fixed Deposits | -- | 4.17 - 16.00 | 4.17 |
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National Bank Agr. Rur. Devp 327-D 10/03/2021 | Commercial Paper | A1+ | 0.00 - 2.39 | 1.64 |
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Reliance Industries 84-D 22/03/2021 | Commercial Paper | A1+ | 0.00 - 1.81 | 1.63 |
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HDFC 357-D 24/02/2021 | Commercial Paper | A1+ | 0.00 - 1.20 | 0.82 |
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Reserve Bank of India 182-D 11/03/2021 | Treasury Bills | SOV | 0.00 - 1.20 | 0.82 |
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Reserve Bank of India 364-D 09/09/2021 | Treasury Bills | SOV | 0.00 - 0.64 | 0.64 |
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Reserve Bank of India 364-D 13/01/2022 | Treasury Bills | SOV | 0.00 - 0.63 | 0.63 |
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6.84% GOI 19/12/2022 | GOI Securities | SOV | 0.00 - 0.19 | 0.17 |
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Federal Bank | Fixed Deposits | -- | 0.00 - 0.42 | 0.17 |
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Others | Margin Money | -- | - | 0.89 |
Indicates an increase or decrease or no change in holding since last portfolio
Indicates a new holding since last portfolio
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Company | Sector | P/E | 3Y High | 3Y Low | % Assets | |
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HDFC | Financial | 26.15 | 9.09 | 0.00 | 5.58 |
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ICICI Bank | Financial | 28.01 | 6.62 | 0.00 | 5.36 |
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Bharti Airtel | Communication | -- | 6.20 | 0.00 | 4.64 |
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Reliance Industries | Energy | 33.35 | 8.25 | 0.00 | 3.77 |
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Adani Ports and Special Economic Zone | Services | 33.89 | 6.65 | 0.00 | 2.91 |
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Maruti Suzuki India | Automobile | 46.43 | 4.73 | 0.00 | 2.15 |
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Sun Pharmaceutical Inds. | Healthcare | 59.28 | 2.54 | 0.00 | 1.99 |
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Divi's Laboratories | Healthcare | 47.80 | 1.90 | 0.00 | 1.90 |
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ITC | FMCG | 18.94 | 7.83 | 0.00 | 1.80 |
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Tata Steel | Metals | -- | 2.96 | 0.00 | 1.62 |
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Lupin | Healthcare | 40.32 | 2.05 | 0.00 | 1.59 |
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HDFC Bank | Financial | 27.56 | 6.12 | 0.00 | 1.56 |
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Bajaj Finserv | Financial | 41.68 | 3.53 | 0.00 | 1.46 |
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Axis Bank | Financial | 74.19 | 4.88 | 0.00 | 1.43 |
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Piramal Enterprises | Healthcare | 204.53 | 1.39 | 0.00 | 1.39 |
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HCL Technologies | Technology | 18.68 | 1.64 | 0.00 | 1.38 |
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Vedanta | Metals | -- | 4.61 | 0.00 | 1.35 |
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BPCL | Energy | 24.30 | 1.16 | 0.00 | 1.16 |
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Dabur India | FMCG | 55.72 | 1.35 | 0.00 | 0.96 |
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Grasim Industries | Construction | 19.49 | 5.67 | 0.00 | 0.87 |
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Kotak Mahindra Bank | Financial | 37.95 | 2.14 | 0.00 | 0.85 |
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Canara Bank | Financial | -- | 1.35 | 0.00 | 0.84 |
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Punjab National Bank | Financial | 41.13 | 2.73 | 0.00 | 0.82 |
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State Bank of India | Financial | 15.02 | 3.93 | 0.00 | 0.80 |
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United Spirits | FMCG | 166.48 | 1.81 | 0.00 | 0.79 |
Indicates an increase or decrease or no change in holding since last portfolio
Indicates a new holding since last portfolio
As on 31-Jan-2021
— Praveen Ayathan since 26-Jun-2014
Education: Mr. Praveen is a B.Sc (Mathematics).
Experience: Prior to joining L&T Investment Management Ltd he has worked with Kotak Mahindra AMC and Dalal & Broacha Stock Broking Pvt. Ltd.
Funds Managed:
— Venugopal Manghat since 26-Jun-2014
Education: Mr. Manghat is a B.Sc (Mathematics) and MBA (Finance).
Experience: Prior to joining L&T Mutual Fund he has worked with Tata Asset Management Ltd.
Interviews:
Funds Managed:
— Jalpan Shah since 24-Jan-2019
Education: Mr. Shah is a B.E. (Mechanical) and holds a PGDM.
Experience: Prior to joining L&T, he was associated with FIL Fund Management Private Limited (Dec 2007-Nov 2012), Lotus India Asset Management Company Private Limited (Sep 2007-Nov 2007) as a Research Analyst, UTI Asset Management Company Private Limited (July 2006-Aug 2007) as a Research Analyst and UTI Asset Management Company Private Limited(May 2004-June 2006) as a Sales & Marketing Manager.
Interviews:
Funds Managed:
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The scheme seeks to generate reasonable returns by predominantly investing in arbitrage opportunities in the cash and derivatives segments of the equity markets and by investing balance in debt and money market instruments.
Minimum Investment (₹) | 5,000 |
Minimum Addl Investment (₹) | 1,000 |
Minimum SIP Investment (₹) | 500 |
Minimum No of Cheques | 6 |
Minimum Withdrawal (₹) | 500 |
Minimum Balance (₹) | 500 |
Lock-in Period | Not Applicable |
Exit Load | 0.5% for redemption within 30 days |
Fund House: | L&T Mutual Fund |
Launch Date: | 30-Jun-2014 |
Return Since Launch: | 6.80% |
Benchmark: | NIFTY 50 Arbitrage TRI |
Riskometer: | Low |
Type: | Open-ended |
Assets: | ₹ 3,046 Cr (As on 31-Jan-2021) |
Expense: | 0.29% (As on 31-Jan-2021) |
Risk Grade: | Average |
Return Grade: | Above Average |
Turnover: | 1,859.36% |
Plan | Record Date | Dividend (₹ / Unit) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Dividend Monthly | 26-Feb-2021 | 0.0300 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Dividend Quarterly | 23-Dec-2020 | 0.0900 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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AMC: L&T Investment Management Ltd
Address: Brindavan Plot No. 177, CST Road Kalina, Santacruz (East) Mumbai - 400098
Phone: 022-66554000 / 1800-2000-400
Fax: 022-66554002
Email: [email protected]
Website: http://www.lntmf.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