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2 star

Axis Arbitrage Fund - Regular Plan


Hybrid: Arbitrage

1 Lakh

Investment Grown to
₹ 1.18 Lakh

₹ 10000

Monthly SIP Grown to
₹ 3.91 Lakh

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 2.64 -0.05 0.00 0.05 0.85 2.39 5.26 5.81 5.93 -- --
CCIL T Bill Liquidity Weight 2.04 0.01 0.05 0.23 0.93 1.94 3.95 4.14 4.33 -- --
Hybrid: Arbitrage 2.33 -0.04 0.00 0.03 0.74 2.11 4.78 5.55 5.93 -- --
Rank within category 10 20 15 12 12 11 8 9 9 -- --
Number of funds in category 24 26 26 25 25 24 23 17 15 10 9

As on 08-Jul-2020

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  | Invest Online
2 star
Aug-14 5.26 5.81 5.93 0.99 3,227
Kotak Equity Arbitrage Fund Regular Plan  | Invest Online
5 star
Sep-05 5.20 5.97 6.10 0.98 14,663
Nippon India Arbitrage Fund  | Invest Online
5 star
Oct-10 5.22 6.10 6.12 1.02 7,944
Aditya Birla Sun Life Arbitrage Fund  | Invest Online
4 star
Jul-09 5.20 5.84 5.94 0.90 4,182
Edelweiss Arbitrage Fund - Regular Plan  | Invest Online
5 star
Jun-14 5.48 6.02 6.17 1.09 3,569

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) 0.82 (01-Apr-2020 - 02-Jul-2020)
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 5.77 0.70 0.67 0.94 0.58 1.18
CCIL T Bill Liquidity Weight 4.07 0.28 -4.34 -7.86 -- --
Hybrid: Arbitrage 5.52 0.84 0.51 0.74 0.48 0.81
Rank within category 9 9 9 9 14 2
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 30-Jun-2020

Asset Allocation (%)

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Concentration & Valuation

Number of Stocks 64
Top 10 Holdings (%) 49.81
Top 5 Holdings (%) 35.45
Top 3 Sectors (%) 0.23
Portfolio P/B Ratio 2.21
Portfolio P/E Ratio 18.22

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 4.75% Axis Bank 2020 Fixed Deposits -- 0.00 - 4.10 2.76
equal 6.85% AU Small Finance Bank 13/04/2021 Fixed Deposits -- 0.00 - 2.54 1.70
equal 6.85% AU Small Finance Bank 26/05/2021 Fixed Deposits -- 0.00 - 2.30 1.55
new 3.35% Axis Bank 14/06/2021 Fixed Deposits -- 0.00 - 1.53 1.53
equal 3.45% Axis Bank 2021 Fixed Deposits -- 0.00 - 1.64 1.53
equal 6.75% AU Small Finance Bank 25/11/2020 Fixed Deposits -- 0.00 - 2.07 1.39
equal 6.00% HDFC Bank 2020 Fixed Deposits -- 0.00 - 1.94 1.30
equal 8.25% LIC Housing Fin. 17/09/2021 Non Convertible Debenture AAA 0.00 - 1.87 1.28
equal 6.75% AU Small Finance Bank 22/02/2021 Fixed Deposits -- 0.00 - 1.84 1.24
new 3.35% Axis Bank 16/06/2021 Fixed Deposits -- 0.00 - 0.91 0.91
equal 8.60% LIC Housing Fin. 14/01/2022 Debenture AAA 0.00 - 2.03 0.81
equal 7.73% REC 15/06/2021 Debenture AAA 0.00 - 1.16 0.80
equal 7.24% LIC Housing Fin. 23/08/2021 Non Convertible Debenture AAA 0.00 - 1.15 0.79
equal 6.77% Larsen & Toubro 20/08/2020 Non Convertible Debenture AAA 0.00 - 2.07 0.78
equal 6.95% Reliance Industries 14/12/2020 Debenture AAA 0.74 - 1.16 0.78
equal 6.75% AU Small Finance Bank 23/02/2021 Fixed Deposits -- 0.00 - 1.15 0.77
equal 6.00% HDFC Bank 2020 Fixed Deposits -- 0.62 - 0.97 0.65
equal 6.00% HDFC Bank 13/07/2020 Fixed Deposits -- 0.62 - 0.97 0.65
equal 6.85% AU Small Finance Bank 28/05/2021 Fixed Deposits -- 0.00 - 0.92 0.62
new 3.35% Axis Bank 28/06/2021 Fixed Deposits -- 0.00 - 0.61 0.61
equal 3.75% Axis Bank 30/07/2020 Fixed Deposits -- 0.00 - 0.81 0.61
new 3.35% Axis Bank 30/06/2021 Fixed Deposits -- 0.00 - 0.61 0.61
equal 5.75% HDFC Bank 28/09/2020 Fixed Deposits -- 0.00 - 0.73 0.49
equal 6.00% HDFC Bank 29/07/2020 Fixed Deposits -- 0.46 - 0.73 0.49
equal 7.71% Kotak Mahindra Investments 21/12/2021 Debenture AAA 0.00 - 0.69 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

Sector Allocation vis-à-vis Category

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Top Equity Holdings

Company Sector P/E 3Y High 3Y Low % Assets
up Bharti Airtel Communication -- 8.93 0.00 8.93
up ICICI Bank Financial 24.98 8.21 0.00 8.01
equal Hindustan Unilever FMCG 75.66 7.48 0.00 7.43
down Infosys Technology 20.01 7.80 0.00 5.91
down HDFC Financial 15.63 9.60 0.00 5.17
up Reliance Industries Energy 31.00 8.98 0.00 5.09
up Indusind Bank Financial 8.63 2.88 0.00 2.88
down Vedanta Metals -- 2.21 0.00 1.84
up State Bank of India Financial 8.75 3.10 0.00 1.79
down United Spirits FMCG 68.93 3.21 0.01 1.63
down Larsen & Toubro Construction 13.86 5.81 0.00 1.54
up HDFC Life Insurance Financial -- 1.46 0.00 1.46
down Grasim Industries Construction 9.14 1.55 0.00 1.32
down Maruti Suzuki India Automobile 31.85 5.49 0.00 1.20
up Aurobindo Pharma Healthcare 16.74 2.68 0.00 1.03
new HPCL Energy 12.12 0.84 0.00 0.84
new ITC FMCG 15.65 3.76 0.00 0.74
new Motherson Sumi Systems Automobile 26.13 6.24 0.00 0.71
down Bajaj Finserv Financial 31.03 1.85 0.00 0.63
down Sun Pharmaceutical Inds. Healthcare 30.81 9.16 0.00 0.53
down Tech Mahindra Technology 13.76 1.94 0.00 0.52
up Tata Motors Automobile -- 0.91 0.00 0.51
up Lupin Healthcare -- 0.93 0.00 0.48
new SBI Life Insurance Company Financial 59.10 0.41 0.00 0.41
down Cipla Healthcare 33.29 1.50 0.00 0.40

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 30-Jun-2020

*As on 31-May-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:


-0.05%

Change from previous, NAV as on 08-Jul-2020

Growth: ₹ 14.3230

Dividend: ₹ 10.4430


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: 6.27%
Benchmark: NIFTY 50 Arbitrage
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 3,227 Cr (As on 30-Jun-2020)
Expense: 0.99% (As on 31-May-2020)
Risk Grade: Above Average
Return Grade: Average
Turnover: 1,175.00%

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend22-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
 21-May-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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