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Axis Arbitrage Fund - Regular Plan


1 Lakh

Investment Grown to
₹ 1.19 Lakh

₹ 10000

Monthly SIP Grown to
₹ 3.94 Lakh

Analyst's Choice?

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 0.94 -0.06 0.06 0.44 1.25 2.61 5.91 5.86 6.19 -- --
CCIL T Bill Liquidity Weight 0.52 -0.03 0.04 0.28 0.83 1.77 4.03 4.10 4.46 -- --
Hybrid: Arbitrage 0.86 -0.06 0.08 0.43 1.19 2.47 5.79 5.73 6.24 -- --
Rank within category 4 13 19 13 11 11 17 11 10 -- --
Number of funds in category 24 25 25 24 24 23 22 17 15 10 9

As on 25-Feb-2020

Best & Worst Performance

Best (Period) Worst (Period)
Week 0.49 (24-Mar-2015 - 31-Mar-2015) -0.19 (08-Mar-2016 - 15-Mar-2016)
Month 1.00 (26-Oct-2016 - 25-Nov-2016) 0.17 (30-Nov-2018 - 31-Dec-2018)
Quarter 2.38 (05-Mar-2015 - 05-Jun-2015) 0.96 (30-Dec-2016 - 31-Mar-2017)
Year 8.15 (22-Aug-2014 - 24-Aug-2015) 5.27 (30-Dec-2016 - 01-Jan-2018)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 5.69 0.58 0.04 0.07 0.69 1.14
CCIL T Bill Liquidity Weight 4.06 0.27 -6.06 -10.48 -- --
Hybrid: Arbitrage 5.63 0.69 0.22 0.48 0.55 0.84
Rank within category 14 15 14 14 16 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-Jan-2020

Asset Allocation (%)

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Concentration & Valuation

Number of Stocks 39
Top 10 Holdings (%) 48.29
Top 5 Holdings (%) 35.42
Top 3 Sectors (%) 12.54
Portfolio P/B Ratio 3.41
Portfolio P/E Ratio 26.47

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
new 6.85% AU Small Finance Bank 13/04/2021 Fixed Deposits -- 0.00 - 1.79 1.79
equal 8.70% HDFC 15/12/2020 Debenture AAA 0.00 - 2.02 1.65
equal Reliance Industries 180-D 03/03/2020 Commercial Paper A1+ 0.00 - 1.76 1.62
equal Kotak Mahindra Prime 334-D 28/09/2020 Commercial Paper A1+ 0.00 - 1.86 1.56
equal 6.75% AU Small Finance Bank 25/11/2020 Fixed Deposits -- 0.00 - 1.86 1.46
equal 6.00% HDFC Bank 2020 Fixed Deposits -- 0.00 - 1.85 1.36
equal 6.75% AU Small Finance Bank 22/02/2021 Fixed Deposits -- 0.00 - 1.38 1.30
equal 6.00% HDFC Bank 2020 Fixed Deposits -- 0.00 - 1.39 1.02
new 8.60% National Bank Agr. Rur. Devp 31/01/2022 Debenture AAA 0.00 - 1.01 1.01
equal 4.75% HDFC Bank 25/02/2020 Fixed Deposits -- 0.00 - 0.93 0.85
equal 8.60% LIC Housing Fin. 14/01/2022 Debenture AAA 0.00 - 2.03 0.83
equal 7.73% REC 15/06/2021 Debenture AAA 0.00 - 1.04 0.82
equal 7.50% Power Finance Corp. 16/08/2021 Debenture AAA 0.00 - 1.00 0.82
equal 6.99% Ultratech Cement 24/11/2021 Debenture AAA 0.00 - 0.86 0.82
equal 6.98% National Bank Agr. Rur. Devp 30/09/2020 Debenture AAA 0.00 - 1.03 0.82
equal 6.95% Reliance Industries 14/12/2020 Debenture AAA 0.00 - 1.10 0.82
equal 7.15% HDFC 16/09/2021 Debenture AAA 0.00 - 0.99 0.82
equal 6.77% Larsen & Toubro 20/08/2020 Non Convertible Debenture AAA 0.00 - 2.07 0.81
equal 7.65% National Housing Bank 25/03/2022 Debenture AAA 0.00 - 0.86 0.81
equal 7.24% LIC Housing Fin. 23/08/2021 Non Convertible Debenture AAA 0.00 - 0.99 0.81
equal 6.75% AU Small Finance Bank 23/02/2021 Fixed Deposits -- 0.00 - 0.86 0.81
equal Reserve Bank of India 76-D 17/03/2020 Cash Management Bill SOV 0.00 - 0.85 0.81
down 1.50% HDFC 30/03/2020 Debenture AAA 0.00 - 1.22 0.72
equal 6.00% HDFC Bank 13/07/2020 Fixed Deposits -- 0.00 - 0.92 0.68
equal 6.00% HDFC Bank 2020 Fixed Deposits -- 0.00 - 0.92 0.68

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
equal HDFC Financial 18.27 9.60 0.00 8.68
equal Bajaj Finance Financial 53.25 10.03 0.00 8.50
down Reliance Industries Energy 20.70 9.51 0.00 7.24
up ICICI Bank Financial 36.24 5.69 0.00 5.69
equal Larsen & Toubro Construction 17.85 5.81 0.00 5.32
equal Maruti Suzuki India Automobile 31.33 5.48 0.00 4.12
up HDFC Bank Financial 25.03 4.74 0.00 3.28
equal Tech Mahindra Technology 18.24 1.94 0.00 1.87
equal Sun Pharmaceutical Inds. Healthcare 23.30 9.16 0.00 1.83
equal Titan Company Cons Durable 74.73 2.20 0.00 1.73
down Motherson Sumi Systems Automobile 26.39 6.24 0.00 1.68
up Ultratech Cement Construction 35.50 1.63 0.00 1.63
down Pidilite Industries Chemicals 66.20 3.14 0.00 1.60
down Bharti Airtel Communication -- 3.89 0.00 1.45
equal United Spirits FMCG 70.64 3.21 0.00 1.31
down Divi's Laboratories Healthcare 44.25 7.48 0.00 1.28
equal Hindustan Unilever FMCG 71.03 4.43 0.00 0.85
equal Mahindra & Mahindra Automobile 29.41 5.35 0.00 0.83
new Tata Consultancy Services Technology 24.96 8.36 0.00 0.80
up ITC FMCG 16.55 3.76 0.00 0.76
equal Vedanta Metals 5.83 2.21 0.00 0.72
equal State Bank of India Financial 24.82 3.10 0.00 0.67
equal Bajaj Auto Automobile 16.21 0.69 0.00 0.57
equal ACC Construction 19.10 1.62 0.00 0.49
equal Cipla Healthcare 20.56 2.94 0.00 0.48

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-Jan-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.

Funds Managed:


-0.06%

Change from previous, NAV as on 25-Feb-2020

Growth: ₹ 14.0851

Dividend: ₹ 10.4875


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: 6.38%
Benchmark: NIFTY 50 Arbitrage
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 3,080 Cr (As on 31-Jan-2020)
Expense: 0.99% (As on 31-Jan-2020)
Risk Grade: Above Average
Return Grade: Below Average
Turnover: 1,158.00%

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend20-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
 21-May-20180.0443
 19-Apr-20180.0443
 22-Mar-20180.0500
 27-Feb-20180.0500
 31-Jan-20180.0500

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: 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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