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3 star

Axis Arbitrage Fund - Regular Plan


Hybrid: Arbitrage

1 Lakh

Investment Grown to
₹ 1.14 Lakh

₹ 10000

Monthly SIP Grown to
₹ 3.82 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 0.15 0.04 0.08 0.35 1.13 1.93 3.94 4.55 5.04 5.58 --
CCIL T Bill Liquidity Weight 0.09 -0.01 0.05 0.17 0.49 1.04 2.08 3.11 3.50 3.91 --
Hybrid: Arbitrage 0.13 0.03 0.07 0.20 0.83 1.53 3.49 4.38 4.90 5.57 --
Rank within category 11 4 9 1 1 2 7 11 11 8 --
Number of funds in category 25 25 25 25 25 25 25 20 17 15 10

As on 17-Jan-2022

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 3.94 4.55 5.04 1.05% 4,139
Kotak Equity Arbitrage Fund Regular Plan  | Invest Online
5 star
Sep-05 4.04 4.74 5.31 1.00% 24,642
Tata Arbitrage Fund - Regular Plan  | Invest Online
5 star
Dec-18 3.86 4.98 -- 1.09% 11,119
Aditya Birla Sun Life Arbitrage Fund  | Invest Online
4 star
Jul-09 3.96 4.67 5.16 1.00% 8,562
Edelweiss Arbitrage Fund - Regular Plan  | Invest Online
5 star
Jun-14 3.95 4.76 5.30 1.07% 6,401

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 2.71 29-May-2020 - 31-May-2021

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 4.51 0.76 1.02 1.51 0.95 1.35
CCIL T Bill Liquidity Weight 3.13 0.39 -1.53 -4.65 -- --
Hybrid: Arbitrage 4.34 0.81 0.78 1.16 0.87 1.14
Rank within category 11 3 10 11 16 11
Number of funds in category 20 20 20 20 20 20

The Risk Measures have been calculated using calendar month returns for the last three years.

As on 31-Dec-2021

Asset Allocation (%)

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Concentration & Valuation

Number of Stocks 102
Top 10 Holdings (%) 43.34
Top 5 Holdings (%) 28.04
Top 3 Sectors (%) --
Portfolio P/B Ratio 3.21
Portfolio P/E Ratio 22.08
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 Ultra Short Term Fund Direct-G Mutual Fund -- 0.00 - 10.61 9.23
down Axis Liquid Direct Mutual Fund -- 0.00 - 10.59 6.42
new Axis Money Market Fund Direct-G Mutual Fund -- 0.00 - 4.47 4.47
equal Reserve Bank of India 91-D 27/01/2022 Treasury Bills SOV 0.00 - 2.72 2.65
equal Kotak Mahindra Investments 151-D 12/04/2022 Commercial Paper A1+ 0.00 - 1.47 1.43
equal Barclays Investments & Loans 144-D 11/04/2022 Commercial Paper A1+ 0.00 - 1.35 1.31
equal Kotak Mahindra Investments 175-D 10/05/2022 Commercial Paper A1+ 0.00 - 1.22 1.19
equal 6.95% M&M Financial Services 16/06/2022 Debenture AAA 0.61 - 0.89 0.61
equal Deutsche Investments 172-D 16/05/2022 Commercial Paper A1+ 0.00 - 0.61 0.59
equal ICICI Securities 254-D 27/05/2022 Commercial Paper A1+ 0.00 - 0.68 0.59
equal Others CBLO -- - 6.41

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 State Bank of India Financial 16.01 4.45 0.00 4.28
up Bharti Airtel Communication 141.47 9.21 0.00 3.64
equal Reliance Industries Energy 33.03 8.98 0.00 3.27
equal Hindalco Inds. Metals 11.33 3.22 0.00 3.22
equal ICICI Bank Financial 26.81 9.30 0.00 3.00
down Maruti Suzuki India Automobile 59.34 6.00 0.00 2.91
up MindTree Technology 49.65 2.90 0.00 2.90
equal HDFC Life Insurance Insurance 126.21 2.98 0.00 2.71
up Bajaj Finserv Financial 69.02 5.45 0.00 2.31
down United Spirits FMCG 81.47 3.21 0.71 2.20
up Asian Paints Chemicals 99.57 4.62 0.00 1.81
down Hindustan Unilever FMCG 66.82 7.91 0.00 1.70
equal Dr. Reddy's Lab Healthcare 39.65 3.89 0.00 1.64
equal Zee Entertainment Services 26.80 1.78 0.00 1.63
equal Cadila Healthcare Healthcare 9.35 2.88 0.00 1.62
down Bajaj Finance Financial 95.25 10.03 0.00 1.59
up Tata Power Company Energy 54.48 1.50 0.00 1.50
down Tata Consultancy Services Technology 39.49 8.36 0.00 1.47
equal Tata Steel Metals 4.82 3.66 0.00 1.45
up Cholamandalam Investment & Finance Company Financial 30.95 1.91 0.00 1.34
equal Motherson Sumi Systems Automobile 29.64 6.01 0.00 1.28
up Adani Ports and Special Economic Zone Services 31.14 3.37 0.00 1.25
up HDFC Financial 23.50 9.60 0.88 1.23
up Ambuja Cements Construction 25.14 1.13 0.00 1.13
new PI Industries Chemicals 53.57 1.04 0.00 1.04

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-2021

Fund Manager

— Sachin Jain since 09-Nov-2021

Education: Mr. Jain is a B.Tech, AGMP (Management)

Experience: Prior to joining Axis Asset Management Company Ltd., he has worked with Sundaram Mutual Fund, I- Cap, Sunidhi securities and Finance Ltd.

Funds Managed:

— 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:


0.04%

Change from previous, NAV as on 17-Jan-2022

Growth: ₹ 15.1111

IDCW: ₹ 10.7631


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

Min. Investment (₹) 5,000
Min. Addl Investment (₹) 100
Min. SIP Investment (₹) 1,000
Min. No of Cheques 6
Min. Withdrawal (₹) 1,000
Min. 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: 5.71%
Benchmark: NIFTY 50 Arbitrage TRI
Riskometer: Low
Type: Open-ended
Assets: ₹ 4,139 Cr (As on 31-Dec-2021)
Expense: 1.05% (As on 30-Nov-2021)
Risk Grade: Average
Return Grade: Average
Turnover: --

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW21-Dec-20210.0500

 22-Sep-20210.0500
 20-Aug-20210.0500
 26-Jul-20210.0500
 19-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

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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