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Axis Arbitrage Fund - Direct Plan


1 Lakh

Investment Grown to
₹ 1.21 Lakh

₹ 10000

Monthly SIP Grown to
₹ 3.98 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 0.50 0.08 0.13 0.48 1.35 3.08 6.71 6.68 7.11 -- --
CCIL T Bill Liquidity Weight 0.24 0.04 0.09 0.32 0.85 1.93 4.24 4.15 4.45 -- --
Hybrid: Arbitrage 0.42 0.05 0.10 0.45 1.30 2.83 6.47 6.38 6.94 -- --
Rank within category 1 2 3 8 14 3 9 6 3 -- --
Number of funds in category 24 24 24 24 24 23 21 17 15 9 0

As on 23-Jan-2020

Best & Worst Performance

Best (Period) Worst (Period)
Week 0.51 (24-Mar-2015 - 31-Mar-2015) -0.17 (08-Mar-2016 - 15-Mar-2016)
Month 1.07 (24-Mar-2015 - 23-Apr-2015) 0.23 (30-Nov-2018 - 31-Dec-2018)
Quarter 2.61 (05-Mar-2015 - 05-Jun-2015) 1.16 (30-Dec-2016 - 31-Mar-2017)
Year 9.11 (22-Aug-2014 - 24-Aug-2015) 6.14 (30-Dec-2016 - 01-Jan-2018)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 6.37 0.59 1.09 2.01 0.72 1.83
CCIL T Bill Liquidity Weight 4.08 0.26 -10.52 -- -- --
Hybrid: Arbitrage 6.12 0.70 0.99 2.01 0.56 1.33
Rank within category 7 14 10 11 16 3
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-Dec-2019

Asset Allocation (%)

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Concentration & Valuation

Number of Stocks 38
Top 10 Holdings (%) 50.52
Top 5 Holdings (%) 36.59
Top 3 Sectors (%) --
Portfolio P/B Ratio 3.72
Portfolio P/E Ratio 28.63

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 8.70% HDFC 15/12/2020 Debenture AAA 0.00 - 2.02 1.75
equal Reliance Industries 180-D 03/03/2020 Commercial Paper A1+ 0.00 - 1.76 1.70
equal Kotak Mahindra Prime 334-D 28/09/2020 Commercial Paper A1+ 0.00 - 1.86 1.64
equal 6.75% AU Small Finance Bank 25/11/2020 Fixed Deposits -- 0.00 - 1.86 1.55
equal 6.00% HDFC Bank 2020 Fixed Deposits -- 0.00 - 1.85 1.44
new 6.75% AU Small Finance Bank 22/02/2021 Fixed Deposits -- 0.00 - 1.38 1.38
equal 6.00% HDFC Bank 2020 Fixed Deposits -- 0.00 - 1.39 1.08
equal 1.50% HDFC 30/03/2020 Debenture AAA 0.00 - 1.22 0.94
equal 4.75% HDFC Bank 25/02/2020 Fixed Deposits -- 0.00 - 0.93 0.90
equal 8.60% LIC Housing Fin. 14/01/2022 Debenture AAA 0.00 - 2.03 0.88
equal 7.50% Power Finance Corp. 16/08/2021 Debenture AAA 0.00 - 1.00 0.87
equal 7.73% REC 15/06/2021 Debenture AAA 0.00 - 1.04 0.87
equal 7.35% Bajaj Finance 2022 Non Convertible Debenture AAA 0.00 - 0.89 0.86
equal 7.24% LIC Housing Fin. 23/08/2021 Non Convertible Debenture AAA 0.00 - 0.99 0.86
new 6.99% Ultratech Cement 24/11/2021 Debenture AAA 0.00 - 0.86 0.86
equal 6.98% National Bank Agr. Rur. Devp 30/09/2020 Debenture AAA 0.00 - 1.03 0.86
new 7.65% National Housing Bank 25/03/2022 Debenture AAA 0.00 - 0.86 0.86
equal 6.95% Reliance Industries 14/12/2020 Debenture AAA 0.00 - 1.10 0.86
equal 6.77% Larsen & Toubro 20/08/2020 Non Convertible Debenture AAA 0.00 - 2.07 0.86
new 6.75% AU Small Finance Bank 23/02/2021 Fixed Deposits -- 0.00 - 0.86 0.86
equal 7.15% HDFC 16/09/2021 Debenture AAA 0.00 - 0.99 0.86
new Reserve Bank of India 76-D 17/03/2020 Cash Management Bill SOV 0.00 - 0.85 0.85
equal 6.00% HDFC Bank 2020 Fixed Deposits -- 0.00 - 0.92 0.72
equal 6.00% HDFC Bank 13/07/2020 Fixed Deposits -- 0.00 - 0.92 0.72
new 6.99% HDFC 25/11/2021 Non Convertible Debenture AAA 0.00 - 0.69 0.69

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 34.55 9.60 0.00 9.18
equal Bajaj Finance Financial 50.33 10.03 0.00 8.73
up Reliance Industries Energy 22.32 9.71 0.00 8.69
up Larsen & Toubro Construction 19.15 5.81 0.00 5.34
equal Maruti Suzuki India Automobile 35.49 5.48 0.00 4.65
down Motherson Sumi Systems Automobile 29.34 6.24 0.00 3.93
equal Bharti Airtel Communication -- 3.89 0.00 3.24
new HDFC Bank Financial 25.96 8.45 0.00 2.73
new ICICI Bank Financial 66.46 3.48 0.00 2.10
up Sun Pharmaceutical Inds. Healthcare 24.93 9.16 0.00 1.93
up Tech Mahindra Technology 16.80 1.94 0.00 1.89
equal Titan Company Cons Durable 74.45 2.20 0.00 1.83
equal Divi's Laboratories Healthcare 39.08 7.48 0.00 1.62
equal Pidilite Industries Chemicals 68.48 3.14 0.00 1.57
equal Ultratech Cement Construction 40.68 1.62 0.00 1.48
equal United Spirits FMCG 57.10 3.21 0.00 1.34
equal Hindustan Unilever FMCG 67.61 4.43 0.00 0.85
up Vedanta Metals 7.44 2.21 0.00 0.84
equal Mahindra & Mahindra Automobile 12.92 5.35 0.00 0.82
up State Bank of India Financial 28.51 3.10 0.00 0.75
equal ITC FMCG 21.06 3.76 0.00 0.68
new Bajaj Auto Automobile 17.17 0.69 0.00 0.61
down Cipla Healthcare 22.73 3.35 0.00 0.54
new ACC Construction 15.85 1.62 0.00 0.50
equal Asian Paints Chemicals 62.69 1.66 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-Dec-2019

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:


0.08%

Change from previous, NAV as on 23-Jan-2020

Growth: ₹ 14.6464

Dividend: ₹ 11.1387


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: 7.26%
Benchmark: NIFTY 50 Arbitrage
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 2,908 Cr (As on 31-Dec-2019)
Expense: 0.27% (As on 31-Dec-2019)
Risk Grade: Average
Return Grade: Above Average
Turnover: 1,173.00%

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend22-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
 21-Jun-20180.0443
 21-May-20180.0443
 19-Apr-20180.0443
 22-Mar-20180.0500
 27-Feb-20180.0500
 31-Jan-20180.0500
 21-Dec-20170.0500

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: Karvy House, No. 46, 8-2-609/K, Avenue 4, Street No.1 Banjara Hills, Hyderabad - 500034

Phone: 040-23312454

Email: [email protected]

Website: www.karvymfs.com

Upcoming Video

Value Investing

Evaluating a company's financial health from the Cash Flow Statement

dateSaturday, 25-Jan-2020
time12:30 PM - 01:00 PM