VR Logo

3 star

Axis Arbitrage Fund - Direct Plan


Hybrid: Arbitrage

1 Lakh

Investment Grown to
₹ 1.18 Lakh

₹ 10000

Monthly SIP Grown to
₹ 3.89 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.

Read more

ajax-loader
Please wait...

ajax-loader
Please wait...

(₹)
cal
cal

ajax-loader
Please wait...

Trailing Returns (%)

YTD 1-Day 1-W 1-M 3-M 6-M 1-Y 3-Y 5-Y 7-Y 10-Y
Fund 2.14 0.04 0.16 0.62 1.36 2.37 4.02 5.79 6.26 -- --
CCIL T Bill Liquidity Weight 0.86 0.00 0.02 0.17 0.49 0.95 2.11 3.55 3.78 -- --
Hybrid: Arbitrage 1.99 0.04 0.19 0.61 1.35 2.19 3.79 5.42 5.87 -- --
Rank within category 12 16 21 20 18 12 15 9 3 -- --
Number of funds in category 27 27 27 27 27 27 25 18 16 10 0

As on 18-Jun-2021

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
Axis Arbitrage Fund - Direct Plan
3 star
Aug-14 4.02 5.79 6.26 0.31 3,488
Kotak Equity Arbitrage Fund - Direct Plan  | Invest Online
4 star
Jan-13 4.34 5.84 6.17 0.44 20,291
Nippon India Arbitrage Fund - Direct Plan
5 star
Jan-13 4.25 5.98 6.35 0.34 11,792
Aditya Birla Sun Life Arbitrage Fund - Direct Plan  | Invest Online
4 star
Jan-13 4.24 5.83 6.15 0.32 6,250
Edelweiss Arbitrage Fund - Direct Plan  | Invest Online
5 star
Jun-14 4.27 6.03 6.36 0.34 5,503

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 0.80 25-Mar-2020 - 01-Apr-2020 -0.47 29-May-2020 - 05-Jun-2020
Month 1.11 25-Mar-2020 - 24-Apr-2020 -0.12 29-May-2020 - 29-Jun-2020
Quarter 2.61 05-Mar-2015 - 05-Jun-2015 0.19 29-May-2020 - 28-Aug-2020
Year 9.11 22-Aug-2014 - 24-Aug-2015 3.49 29-May-2020 - 31-May-2021

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 5.66 0.82 1.67 2.55 0.94 2.09
CCIL T Bill Liquidity Weight 3.52 0.39 -2.00 -4.76 -- --
Hybrid: Arbitrage 5.32 0.95 1.39 2.08 0.80 1.65
Rank within category 9 11 10 6 14 4
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 31-May-2021

Asset Allocation (%)

ajax-loader
Please wait...

Concentration & Valuation

Number of Stocks 94
Top 10 Holdings (%) 31.36
Top 5 Holdings (%) 18.27
Top 3 Sectors (%) --
Portfolio P/B Ratio 2.51
Portfolio P/E Ratio 18.20
Avg Credit Rating CASH

Value Research Equity Fund Style

Value Research Debt Fund Style

Credit Rating vis-à-vis Category

ajax-loader
Please wait...

Top Debt Holdings

Company Instrument Credit Rating 1Y Range % Assets
equal 3.35% Axis Bank 2021 Fixed Deposits -- 0.00 - 3.39 2.55
new Reliance Jio Infocomm 79-D 30/07/2021 Commercial Paper A1+ 0.00 - 2.14 2.14
new 3.00% Axis Bank 2022 Fixed Deposits -- 0.00 - 2.13 2.13
equal 3.00% Axis Bank 18/04/2022 Fixed Deposits -- 0.00 - 1.59 1.56
equal 3.45% Axis Bank 2021 Fixed Deposits -- 1.42 - 1.89 1.42
equal 3.35% Axis Bank 14/06/2021 Fixed Deposits -- 1.42 - 1.89 1.42
equal 8.25% LIC Housing Fin. 17/09/2021 Non Convertible Debenture AAA 1.16 - 1.58 1.16
equal 3.25% Axis Bank 17/08/2021 Fixed Deposits -- 0.00 - 1.51 1.13
equal 3.00% Axis Bank 23/02/2022 Fixed Deposits -- 0.00 - 1.31 1.13
equal 3.00% Axis Bank 2022 Fixed Deposits -- 0.00 - 1.31 1.13
equal 3.00% Axis Bank 14/03/2022 Fixed Deposits -- 0.00 - 0.98 0.85
equal 3.35% Axis Bank 19/07/2021 Fixed Deposits -- 0.00 - 1.12 0.84
equal 8.60% LIC Housing Fin. 14/01/2022 Debenture AAA 0.74 - 1.00 0.74
equal 6.95% M&M Financial Services 16/06/2022 Debenture AAA 0.00 - 0.97 0.73
new IDFC First Bank 22/06/2021 Certificate of Deposit A1+ 0.00 - 0.72 0.72
equal 6.77% HDFC 28/06/2021 Non Convertible Debenture AAA 0.00 - 0.83 0.72
equal 7.24% LIC Housing Fin. 23/08/2021 Non Convertible Debenture AAA 0.72 - 0.98 0.72
equal 3.00% Axis Bank 24/02/2022 Fixed Deposits -- 0.00 - 0.82 0.71
equal 3.25% Axis Bank 2021 Fixed Deposits -- 0.00 - 0.94 0.71
equal 3.00% Axis Bank 26/04/2022 Fixed Deposits -- 0.00 - 0.72 0.71
new Muthoot Finance 91-D 22/07/2021 Commercial Paper A1+ 0.00 - 0.71 0.71
new 3.00% Axis Bank 2022 Fixed Deposits -- 0.00 - 0.71 0.71
equal National Bank Agr. Rur. Devp 18/02/2022 Commercial Paper A1+ 0.00 - 0.80 0.70
equal 3.35% Axis Bank 30/06/2021 Fixed Deposits -- 0.56 - 0.75 0.56
equal 2.60% Axis Bank 2021 Fixed Deposits -- 0.00 - 0.65 0.56

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

ajax-loader
Please wait...

Top Equity Holdings

Company Sector P/E 3Y High 3Y Low % Assets
down HDFC Financial 23.97 9.60 3.46 4.03
up Bharat Petroleum Corporation Energy 6.34 3.94 0.00 3.94
down State Bank of India Financial 16.44 3.62 0.00 3.62
down Dr. Reddy's Lab Healthcare 45.04 3.89 0.00 3.42
up Reliance Industries Energy 30.63 8.98 0.00 3.26
down Bharti Airtel Communication -- 9.21 0.00 3.23
up Grasim Industries Construction 22.64 3.00 0.00 2.55
up Cadila Healthcare Healthcare 29.76 3.19 0.00 2.43
up Infosys Technology 33.13 7.80 0.00 2.33
up Cipla Healthcare 32.21 2.42 0.00 2.19
up HDFC Life Insurance Financial 105.38 1.96 0.00 1.96
down Asian Paints Chemicals 93.18 4.62 0.00 1.80
up Vedanta Metals 8.07 2.31 0.00 1.65
down ICICI Bank Financial 23.74 9.30 0.00 1.59
up Divi's Laboratories Healthcare 56.09 4.86 0.00 1.52
down Aurobindo Pharma Healthcare 10.46 2.10 0.00 1.41
up Hindustan Petroleum Corporation Energy 3.93 1.50 0.00 1.40
up Larsen & Toubro Construction 17.89 5.34 0.00 1.36
up HCL Technologies Technology 23.74 2.30 0.00 1.12
equal Lupin Healthcare 43.16 1.38 0.00 1.06
down Sun Pharmaceutical Industries Healthcare 55.23 9.15 0.00 1.02
up Jindal Steel & Power Metals 7.52 1.10 0.00 1.02
up Zee Entertainment Services 26.63 0.98 0.00 0.98
down ACC Construction 22.82 1.62 0.00 0.98
up DLF Construction 66.70 2.23 0.00 0.93

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-May-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:


0.04%

Change from previous, NAV as on 18-Jun-2021

Growth: ₹ 15.6165

IDCW: ₹ 11.4913


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: 6.72%
Benchmark: NIFTY 50 Arbitrage TRI
Riskometer: Low
Type: Open-ended
Assets: ₹ 3,488 Cr (As on 31-May-2021)
Expense: 0.31% (As on 31-May-2021)
Risk Grade: Average
Return Grade: Above Average
Turnover: --

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW25-May-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-20190.0620
 20-Jun-20190.0270
 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

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

Last Session

Investors' Hangout

Your investment strategy after the debt fund fiasco

DateFriday, 18-Jun-2021
Time12:30 PM - 01:00 PM

Registration Over