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2 star

PGIM India 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 0.47 0.06 0.08 0.24 0.96 1.89 3.27 4.92 5.32 -- --
CCIL T Bill Liquidity Weight* 0.32 0.01 0.03 0.17 0.45 1.03 2.75 3.74 3.94 -- --
Hybrid: Arbitrage* 0.42 0.05 0.06 0.25 0.78 1.47 3.05 4.90 5.47 -- --
Rank within category* 14 9 8 17 3 1 14 15 12 -- --
Number of funds in category* 27 27 27 27 27 27 25 18 15 10 10

As on 05-Mar-2021

* As on 07-Mar-2021

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
PGIM India Arbitrage Fund - Regular Plan
2 star
Aug-14 3.27 4.92 5.32 0.98 75
Kotak Equity Arbitrage Fund Regular Plan  | Invest Online
5 star
Sep-05 3.77 5.36 5.69 1.00 15,528
Nippon India Arbitrage Fund  | Invest Online
4 star
Oct-10 3.65 5.37 5.69 1.01 9,515
Edelweiss Arbitrage Fund - Regular Plan  | Invest Online
5 star
Jun-14 3.85 5.37 5.70 1.09 3,324
UTI Arbitrage Fund - Regular Plan  | Invest Online
4 star
Jun-06 3.69 5.33 5.62 0.95 3,223

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 0.73 25-Mar-2020 - 01-Apr-2020 -0.58 18-Mar-2020 - 25-Mar-2020
Month 1.05 10-Apr-2015 - 12-May-2015 -0.32 29-May-2020 - 29-Jun-2020
Quarter 2.62 05-Mar-2015 - 05-Jun-2015 -0.07 29-May-2020 - 28-Aug-2020
Year 8.61 01-Sep-2014 - 01-Sep-2015 2.91 28-Feb-2020 - 01-Mar-2021

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 4.84 0.79 0.31 0.42 0.67 0.86
CCIL T Bill Liquidity Weight 3.68 0.37 -2.46 -5.24 -- --
Hybrid: Arbitrage 4.81 0.96 0.43 0.69 0.90 1.03
Rank within category 15 4 14 15 2 16
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 28-Feb-2021

Asset Allocation (%)

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Concentration & Valuation

Number of Stocks 40
Top 10 Holdings (%) 56.92
Top 5 Holdings (%) 44.16
Top 3 Sectors (%) --
Portfolio P/B Ratio 2.26
Portfolio P/E Ratio 20.20
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
up PGIM India Insta Cash Direct-G Mutual Fund -- 0.00 - 26.96 26.96

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 Bharti Airtel Communication -- 5.48 0.00 5.48
equal ITC FMCG 19.37 4.66 0.00 4.35
down Cipla Healthcare 29.03 5.56 0.00 4.30
equal Adani Ports and Special Economic Zone Services 37.64 3.08 0.00 3.07
up HDFC Financial 26.19 9.95 0.00 2.96
up Divi's Laboratories Healthcare 49.61 2.70 0.00 2.70
equal Axis Bank Financial 74.87 4.77 0.00 2.45
equal Lupin Healthcare 40.86 2.40 0.00 2.40
up DLF Construction -- 3.64 0.00 2.25
equal Dr. Reddy's Lab Healthcare 34.32 2.67 0.00 2.15
new Indusind Bank Financial 34.66 7.53 0.00 2.04
new ICICI Bank Financial 28.58 5.92 0.00 1.97
up Piramal Enterprises Healthcare 215.25 1.93 0.00 1.93
new Asian Paints Chemicals 83.28 2.40 0.00 1.93
equal Hindalco Inds. Metals 34.01 1.89 0.00 1.82
new HDFC Life Insurance Financial 107.07 1.79 0.00 1.79
equal Indiabulls Housing Finance Financial 10.07 2.55 0.00 1.58
up Hindustan Unilever FMCG 70.63 3.71 0.00 1.54
equal Tata Chemicals Chemicals 2.86 3.67 0.00 1.52
down Tata Power Energy 30.15 2.66 0.00 1.50
new HDFC Bank Financial 27.48 3.10 0.00 1.43
new Reliance Industries Energy 34.87 7.54 0.00 1.29
up Sun TV Network Services 15.54 2.17 0.00 1.25
new Canara Bank Financial -- 1.24 0.00 1.24
new Zee Entertainment Services -- 2.02 0.00 1.23

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-Jan-2021

Fund Manager

— Hitash Dang since 22-May-2017

Education: Mr. Dang is Bcom and MBA (PGDBA)

Experience: Prior to joining DHFL Pramerica Mutual Fund he has worked in Jaypee Capital Service Ltd. in Institutional Sales in Equity Markets and Multiflex Lami Print Ltd. in Business development.

— Kumaresh Ramakrishnan since 13-Aug-2014

Education: Mr. Ramakrishnan is a B.E from Mumbai University and MBA from NMIMS (Mumbai).

Experience: Prior to joining PGIM India Mutual Fund he has worked with DWS AMC, Societe Generale and CARE.

Funds Managed:

— Utkarsh Katkoria since 08-Mar-2016

Education: Mr. Katkoria is a Bachelor in Finance and an MBA.

Experience: Prior to joining DHFL Pramerica Mutual Fund he was associated with DWS Mutual Fund (July 2014-March 2016), Reliance Industries Limited (May 2011-July 2014) and JM Financials Limited (Sep 2005-June 2009).


0.06%

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

Growth: ₹ 14.5554

Dividend Yearly: ₹ 11.4278

More

Dividend Quarterly: ₹ 10.7541

Dividend Monthly: ₹ 10.4530

Dividend: ₹ 11.6286


Investment Strategy

The scheme seeks to generate income by investing in arbitrage opportunities that potentially exist between the cash and derivatives market as well as within the derivatives segment of the market. Investments may also be made in debt & money market instruments.

Investment Details

Minimum Investment (₹) 5,000
Minimum Addl Investment (₹) 1,000
Minimum SIP Investment (₹) 1,000
Minimum No of Cheques 5
Minimum Withdrawal (₹) 1,000
Minimum Balance (₹) 1
Lock-in Period Not Applicable
Exit Load 0

Basic Details

Fund House: PGIM India Mutual Fund
Launch Date: 27-Aug-2014
Return Since Launch: 5.92%
Benchmark: NIFTY 50 Arbitrage TRI
Riskometer: Low
Type: Open-ended
Assets: ₹ 75 Cr (As on 31-Jan-2021)
Expense: 0.98% (As on 31-Jan-2021)
Risk Grade: Above Average
Return Grade: Below Average
Turnover: 413.00%

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Monthly17-Feb-20210.0360

 17-Nov-20200.0360
 19-Oct-20200.0360
 17-Sep-20200.0450
 17-Aug-20200.0300
 28-Jul-20200.0400
 17-Jun-20200.0450
 18-May-20200.0450
 17-Apr-20200.0450
 17-Mar-20200.0443
 17-Feb-20200.0443
 17-Jan-20200.0443
 17-Dec-20190.0443
 18-Nov-20190.0443
 17-Oct-20190.0443
 17-Sep-20190.0443
 19-Aug-20190.0443
 17-Jul-20190.0443
 17-Jun-20190.0443
 17-May-20190.0443
 18-Apr-20190.0443
 19-Mar-20190.0443
 19-Feb-20190.0443
 17-Jan-20190.0443
 17-Dec-20180.0443
Dividend31-Dec-20200.1200

 25-Sep-20200.1300
 30-Jun-20200.1500
 27-Mar-20200.0505
 26-Dec-20190.1328
 27-Sep-20190.1594
 28-Jun-20190.1771
 25-Mar-20190.1771
 28-Dec-20180.1771
 28-Sep-20180.1771
 28-Jun-20180.1771
 23-Mar-20180.2000
 26-Oct-20160.0400
 26-Sep-20160.0400
 29-Aug-20160.0300
 28-Mar-20160.1200
 23-Dec-20150.1200
 24-Sep-20150.1200
 27-Mar-20150.1200
Dividend Quarterly31-Dec-20200.1120

 25-Sep-20200.1200
 30-Jun-20200.1100
 27-Mar-20200.0735
 26-Dec-20190.1240
 27-Sep-20190.1505
 28-Jun-20190.1328
 25-Mar-20190.1328
 28-Dec-20180.1328
 28-Sep-20180.1328
 28-Jun-20180.1328
 23-Mar-20180.1500
 29-Dec-20170.1500
 28-Sep-20170.1500
 29-Jun-20170.1400
 24-Mar-20170.1300
 29-Dec-20160.0800
 27-Jun-20160.1100
 28-Mar-20160.1800
 23-Dec-20150.1800
 24-Sep-20150.1800
 26-Jun-20150.1800
 27-Mar-20150.0600
 26-Dec-20140.0600
Dividend Yearly27-Mar-20200.5135

 23-Mar-20181.0900
 23-Jun-20161.0000

Contact Information

AMC: PGIM India Asset Management Pvt. Ltd.

Address: 2nd Floor - Nirlon House, Dr. Annie Besant Road, Worli, Mumbai - 400030

Phone: 022-61593000 / 1800-266-2667

Email: [email protected]

Website: https://www.pgimindiamf.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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