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3 star

Axis Arbitrage Fund - Regular Plan


Hybrid: Arbitrage

1 Lakh

Investment Grown to
₹ 1.16 Lakh

₹ 10000

Monthly SIP Grown to
₹ 3.84 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 1.11 -0.05 -0.10 0.20 0.89 1.64 3.01 5.04 5.47 -- --
CCIL T Bill Liquidity Weight 0.63 0.01 0.03 0.14 0.48 0.96 2.23 3.61 3.86 -- --
Hybrid: Arbitrage 1.02 -0.05 -0.06 0.24 0.85 1.52 2.78 4.83 5.28 -- --
Rank within category 15 9 27 20 15 16 16 11 8 -- --
Number of funds in category 27 27 27 27 27 27 25 18 16 10 10

As on 05-May-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 3.01 5.04 5.47 1.06 3,023
Kotak Equity Arbitrage Fund Regular Plan  | Invest Online
5 star
Sep-05 3.45 5.29 5.66 1.00 17,835
Nippon India Arbitrage Fund  | Invest Online
4 star
Oct-10 3.40 5.30 5.69 1.01 10,211
Aditya Birla Sun Life Arbitrage Fund  | Invest Online
4 star
Jul-09 3.32 5.20 5.52 0.94 5,552
UTI Arbitrage Fund - Regular Plan  | Invest Online
4 star
Jun-06 3.46 5.28 5.60 0.95 3,843

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) 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 2.95 16-Mar-2020 - 16-Mar-2021

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 4.99 0.82 0.75 1.13 0.95 1.39
CCIL T Bill Liquidity Weight 3.56 0.38 -2.17 -5.20 -- --
Hybrid: Arbitrage 4.78 0.95 0.65 0.99 0.83 1.09
Rank within category 11 11 12 11 14 8
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 30-Apr-2021

Asset Allocation (%)

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Concentration & Valuation

Number of Stocks 95
Top 10 Holdings (%) 33.17
Top 5 Holdings (%) 17.71
Top 3 Sectors (%) --
Portfolio P/B Ratio 2.43
Portfolio P/E Ratio 21.75
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 2.94
equal 6.85% AU Small Finance Bank 13/04/2021 Fixed Deposits -- 1.70 - 2.27 1.82
equal 6.85% AU Small Finance Bank 26/05/2021 Fixed Deposits -- 1.55 - 2.06 1.65
equal 3.45% Axis Bank 2021 Fixed Deposits -- 0.00 - 1.89 1.64
equal 3.35% Axis Bank 14/06/2021 Fixed Deposits -- 0.00 - 1.89 1.64
equal 8.25% LIC Housing Fin. 17/09/2021 Non Convertible Debenture AAA 1.28 - 1.67 1.35
equal 3.00% Axis Bank 23/02/2022 Fixed Deposits -- 0.00 - 1.31 1.31
new 3.00% Axis Bank 2022 Fixed Deposits -- 0.00 - 1.31 1.31
equal 3.25% Axis Bank 17/08/2021 Fixed Deposits -- 0.00 - 1.51 1.31
new 3.00% Axis Bank 14/03/2022 Fixed Deposits -- 0.00 - 0.98 0.98
equal 3.35% Axis Bank 19/07/2021 Fixed Deposits -- 0.00 - 1.12 0.97
equal 8.60% LIC Housing Fin. 14/01/2022 Debenture AAA 0.81 - 1.05 0.85
equal 6.95% M&M Financial Services 16/06/2022 Debenture AAA 0.00 - 0.97 0.84
equal 7.24% LIC Housing Fin. 23/08/2021 Non Convertible Debenture AAA 0.79 - 1.03 0.84
new 6.77% HDFC 28/06/2021 Non Convertible Debenture AAA 0.00 - 0.83 0.83
equal 3.25% Axis Bank 2021 Fixed Deposits -- 0.00 - 0.94 0.82
equal 3.00% Axis Bank 24/02/2022 Fixed Deposits -- 0.00 - 0.82 0.82
equal National Bank Agr. Rur. Devp 18/02/2022 Commercial Paper A1+ 0.00 - 0.80 0.80
equal 6.85% AU Small Finance Bank 28/05/2021 Fixed Deposits -- 0.62 - 0.83 0.66
equal 3.25% Axis Bank 2021 Fixed Deposits -- 0.00 - 0.75 0.65
new 2.60% Axis Bank 2021 Fixed Deposits -- 0.00 - 0.65 0.65
equal 3.35% Axis Bank 28/06/2021 Fixed Deposits -- 0.00 - 0.75 0.65
equal 3.35% Axis Bank 30/06/2021 Fixed Deposits -- 0.00 - 0.75 0.65
equal 7.71% Kotak Mahindra Investments 21/12/2021 Debenture AAA 0.48 - 0.62 0.51
equal Others CBLO -- - 5.45

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 Dr. Reddy's Lab Healthcare 39.45 3.89 0.00 3.89
up Bharti Airtel Communication -- 9.21 0.00 3.70
down HDFC Financial 24.51 9.60 1.96 3.46
up Adani Ports and Special Economic Zone Services 30.18 3.37 0.00 3.37
up State Bank of India Financial 13.68 3.29 0.00 3.29
up BPCL Energy 22.94 3.28 0.00 3.28
up Tata Steel Metals -- 3.44 0.00 3.27
down ICICI Bank Financial 22.68 9.30 0.00 3.02
down Asian Paints Chemicals 89.59 4.62 0.00 2.95
up Tata Consumer Products FMCG 82.40 2.61 0.00 2.61
down Grasim Industries Construction 23.06 3.00 0.00 2.43
up Tech Mahindra Technology 21.03 1.99 0.00 1.99
down ITC FMCG 18.71 3.76 0.00 1.62
up Indusind Bank Financial 24.59 4.12 0.00 1.43
up ACC Construction 21.23 1.62 0.00 1.22
down Aurobindo Pharma Healthcare 11.08 2.10 0.00 1.20
up Infosys Technology 29.54 7.80 0.00 1.19
down Cadila Healthcare Healthcare 33.35 3.19 0.00 1.16
down HPCL Energy 4.59 1.50 0.00 1.15
down Lupin Healthcare 47.54 1.38 0.00 1.12
down Larsen & Toubro Construction 16.36 5.34 0.00 1.03
down Reliance Industries Energy 26.42 8.98 0.00 0.96
up Zee Entertainment Services -- 0.95 0.00 0.95
up SAIL Metals 16.17 0.75 0.00 0.75
down United Spirits FMCG 168.84 3.21 0.71 0.71

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-Mar-2021

Fund Manager

— Viresh Joshi since 07-Mar-2019

Education: Mr. Joshi is a B.Com

Experience: Prior to joining Axis Asset Management Company Ltd., he has worked with BNP Paribas Securities India Pvt. Ltd., ICICI Securities Ltd., Sify Securities (I) Pvt. Ltd., Santoor Leafin Pvt. Ltd.

Funds Managed:

— 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:


-0.05%

Change from previous, NAV as on 05-May-2021

Growth: ₹ 14.6922

IDCW: ₹ 10.6615


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
Lock-in Period Not Applicable
Exit Load 0.25% for redemption within 7 days

Basic Details

Fund House: Axis Mutual Fund
Launch Date: 14-Aug-2014
Return Since Launch: 5.88%
Benchmark: NIFTY 50 Arbitrage TRI
Riskometer: Low
Type: Open-ended
Assets: ₹ 3,023 Cr (As on 31-Mar-2021)
Expense: 1.06% (As on 31-Mar-2021)
Risk Grade: Average
Return Grade: Average
Turnover: --

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW19-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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