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3 star

Axis Arbitrage Fund - Regular Plan

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Hybrid: Arbitrage

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1 Lakh

Investment Grown to
₹ 1.17 Lakh

₹ 10000

Monthly SIP Grown to
₹ 3.86 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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Annual Returns
Quarterly Returns
Monthly Returns
Weekly Returns

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(₹)
cal
cal

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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 0.16 0.03 0.13 0.34 0.78 1.45 3.91 5.26 5.62 -- --
CCIL T Bill Liquidity Weight 0.09 0.03 0.04 0.15 0.50 1.08 3.01 3.80 4.01 -- --
Hybrid: Arbitrage 0.12 0.02 0.10 0.29 0.71 1.46 3.54 5.04 5.59 -- --
Rank within category 6 9 4 6 15 18 12 10 8 -- --
Number of funds in category 27 27 27 27 27 26 24 17 15 10 10

As on 22-Jan-2021

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
Axis Arbitrage Fund - Regular Plan
3 star
 Aug-14 3.91 5.26 5.62 1.06 2,727
Kotak Equity Arbitrage Fund Regular Plan  | Invest Online
5 star
 Sep-05 4.16 5.49 5.81 1.00 14,908
Nippon India Arbitrage Fund  | Invest Online
4 star
 Oct-10 4.09 5.62 5.82 1.01 8,029
Edelweiss Arbitrage Fund - Regular Plan  | Invest Online
5 star
 Jun-14 4.30 5.51 5.82 1.10 3,195
UTI Arbitrage Fund - Regular Plan  | Invest Online
4 star
 Jun-06 4.14 5.47 5.72 0.94 2,969

Best & Worst Performance

Best (Period) Worst (Period)
Week 0.79 (25-Mar-2020 - 01-Apr-2020) -0.48 (29-May-2020 - 05-Jun-2020)
Month 1.05 (25-Mar-2020 - 24-Apr-2020) -0.19 (29-May-2020 - 29-Jun-2020)
Quarter 2.38 (05-Mar-2015 - 05-Jun-2015) 0.00 (29-May-2020 - 28-Aug-2020)
Year 8.15 (22-Aug-2014 - 24-Aug-2015) 3.73 (20-Jan-2020 - 19-Jan-2021)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 5.24 0.83 0.56 0.84 0.96 1.42
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 11 11 11 10 13 6
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 65
Top 10 Holdings (%) 32.84
Top 5 Holdings (%) 17.85
Top 3 Sectors (%) --
Portfolio P/B Ratio 2.42
Portfolio P/E Ratio 26.26
Avg Credit Rating 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 3.35% Axis Bank 2021 Fixed Deposits -- 0.00 - 3.39 3.26
equal 6.85% AU Small Finance Bank 13/04/2021 Fixed Deposits -- 1.61 - 2.54 2.02
equal 6.85% AU Small Finance Bank 26/05/2021 Fixed Deposits -- 0.00 - 2.30 1.83
equal 3.35% Axis Bank 14/06/2021 Fixed Deposits -- 0.00 - 1.89 1.82
equal 3.45% Axis Bank 2021 Fixed Deposits -- 0.00 - 1.89 1.82
equal 8.25% LIC Housing Fin. 17/09/2021 Non Convertible Debenture AAA 0.00 - 1.87 1.51
equal 6.75% AU Small Finance Bank 22/02/2021 Fixed Deposits -- 1.17 - 1.84 1.47
equal 2.60% Axis Bank 2021 Fixed Deposits -- 0.00 - 1.48 1.45
equal 3.25% Axis Bank 17/08/2021 Fixed Deposits -- 0.00 - 1.51 1.45
equal 3.35% Axis Bank 19/07/2021 Fixed Deposits -- 0.00 - 1.12 1.08
equal 8.60% LIC Housing Fin. 14/01/2022 Debenture AAA 0.75 - 1.18 0.96
equal 6.95% M&M Financial Services 16/06/2022 Debenture AAA 0.00 - 0.97 0.94
equal 7.24% LIC Housing Fin. 23/08/2021 Non Convertible Debenture AAA 0.74 - 1.15 0.94
equal 6.75% AU Small Finance Bank 23/02/2021 Fixed Deposits -- 0.73 - 1.15 0.92
equal 3.25% Axis Bank 2021 Fixed Deposits -- 0.00 - 0.94 0.91
equal 6.85% AU Small Finance Bank 28/05/2021 Fixed Deposits -- 0.00 - 0.92 0.73
equal 3.25% Axis Bank 2021 Fixed Deposits -- 0.00 - 0.75 0.72
equal 3.35% Axis Bank 30/06/2021 Fixed Deposits -- 0.00 - 0.75 0.72
equal 3.35% Axis Bank 28/06/2021 Fixed Deposits -- 0.00 - 0.75 0.72
equal 7.71% Kotak Mahindra Investments 21/12/2021 Debenture AAA 0.45 - 0.69 0.57
equal Others CBLO -- - 6.56

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
down ICICI Bank Financial 26.73 9.30 0.00 3.97
down HDFC Financial 29.25 9.60 0.49 3.60
down Reliance Industries Energy 31.56 8.98 0.00 3.45
up Tata Steel Metals -- 3.44 0.00 3.44
down Maruti Suzuki India Automobile 59.81 5.49 0.00 3.39
up Bharti Airtel Communication -- 9.21 0.00 3.33
up Infosys Technology 30.67 7.80 0.00 3.18
up Grasim Industries Construction 20.10 2.80 0.00 2.80
up Cipla Healthcare 35.74 2.42 0.00 2.42
up Tata Consumer Products FMCG 84.37 2.32 0.00 2.32
equal HCL Technologies Technology 20.04 2.30 0.00 2.30
equal Cadila Healthcare Healthcare 28.01 3.19 0.00 2.02
up United Spirits FMCG 247.86 3.21 0.83 1.99
down Aurobindo Pharma Healthcare 17.93 2.10 0.00 1.84
equal Vedanta Metals -- 2.31 0.00 1.82
down Tata Motors Automobile -- 1.99 0.00 1.81
down Sun Pharmaceutical Inds. Healthcare 93.39 9.15 0.00 1.79
equal HDFC Life Insurance Financial 101.84 1.62 0.00 1.62
up Tech Mahindra Technology 23.68 1.94 0.00 1.61
down UPL Chemicals 18.99 1.48 0.00 1.48
up HPCL Energy 5.36 1.50 0.00 1.43
down State Bank of India Financial 10.74 3.14 0.00 1.24
up Pidilite Industries Chemicals 101.65 3.14 0.00 1.16
down Indusind Bank Financial 23.83 4.12 0.00 1.02
new HDFC Bank Financial 26.24 4.74 0.00 1.00

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

— Devang Shah since 25-Jul-2014

Education: Mr. Shah is B.Com and ACA.

Experience: Prior to joining Axis AMC he has worked with ICICI Prudential AMC, Deutsche Asset Management (India) Pvt. Ltd. and Pricewaterhouse Coopers.

Interviews:

Funds Managed:

— Viresh Joshi since 07-Mar-2019

0.03%

Change from previous, NAV as on 22-Jan-2021

Growth: ₹ 14.5541

Dividend: ₹ 10.5613

Investment Strategy

The scheme aims to generate income through low volatility absolute return strategies that take advantage of opportunities in the cash and the derivative segments of the equity markets including the arbitrage opportunities available within the derivative segment, by using other derivative based strategies and by investing the balance in debt and money market instruments.

Investment Details

Minimum Investment (₹) 5,000
Minimum Addl Investment (₹) 100
Minimum SIP Investment (₹) 1,000
Minimum No of Cheques 6
Minimum Withdrawal (₹) 1,000
Minimum Balance (₹) 1
Exit Load 0.25% for redemption within 7 days

Basic Details

Fund House: Axis Mutual Fund
Launch Date: 14-Aug-2014
Return Since Launch: 5.99%
Benchmark: NIFTY 50 Arbitrage TRI
Riskometer: Low to Moderate
Type: Open-ended
Assets: ₹ 2,727 Cr (As on 31-Dec-2020)
Expense: 1.06% (As on 31-Dec-2020)
Risk Grade: Average
Return Grade: Average
Turnover: --

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend19-Nov-20200.0500

 22-Jun-20200.0500
 20-May-20200.0500
 21-Apr-20200.0500
 23-Mar-20200.0620
 20-Feb-20200.0443
 22-Jan-20200.0885
 31-Dec-20190.0354
 23-Oct-20190.0443
 01-Oct-20190.0443
 21-Aug-20190.0443
 31-Jul-20190.0443
 16-Jul-20190.0443
 20-Jun-20190.0443
 22-May-20190.0443
 26-Mar-20190.0443
 21-Feb-20190.0443
 23-Jan-20190.0443
 19-Dec-20180.0443
 19-Nov-20180.0443
 19-Oct-20180.0443
 25-Sep-20180.0443
 23-Aug-20180.0443
 19-Jul-20180.0443
 21-Jun-20180.0443

Contact Information

AMC: Axis Asset Management Company Ltd.

Address: "Axis House" - 1st Floor, C-2 - Wadia International Centre, Pandurang Budhkar Marg , Worli, Mumbai - 400025

Phone: 022-24255161

Fax: 022-43255199

Email: [email protected] / [email protected]

Website: http://www.axismf.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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