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3 star

PGIM India Arbitrage Fund - Regular Plan


Hybrid: Arbitrage

1 Lakh

Investment Grown to
₹ 1.14 Lakh

₹ 10000

Monthly SIP Grown to
₹ 3.81 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 3.38 0.02 -0.02 0.35 0.86 1.89 3.91 4.49 5.02 5.61 --
CCIL T Bill Liquidity Weight 1.88 0.03 0.04 0.17 0.43 1.08 2.05 3.24 3.53 3.99 --
Hybrid: Arbitrage 3.22 0.01 -0.06 0.25 0.74 1.71 3.63 4.45 4.92 5.69 --
Rank within category 14 6 2 2 7 9 12 15 12 11 --
Number of funds in category 26 26 26 26 26 26 26 19 16 14 10

As on 03-Dec-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  | Invest Online
3 star
Aug-14 3.91 4.49 5.02 0.98% 144
Kotak Equity Arbitrage Fund Regular Plan  | Invest Online
5 star
Sep-05 4.19 4.84 5.33 1.00% 24,430
Aditya Birla Sun Life Arbitrage Fund  | Invest Online
4 star
Jul-09 4.11 4.77 5.20 0.99% 8,942
UTI Arbitrage Fund - Regular Plan  | Invest Online
4 star
Jun-06 4.11 4.86 5.30 0.94% 6,067
Edelweiss Arbitrage Fund - Regular Plan  | Invest Online
5 star
Jun-14 4.06 4.89 5.33 1.10% 6,017

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 2.85 29-May-2020 - 31-May-2021

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 4.38 0.77 0.77 1.05 0.62 0.97
CCIL T Bill Liquidity Weight 3.18 0.40 -1.54 -4.30 -- --
Hybrid: Arbitrage 4.36 0.79 0.74 1.09 0.80 1.06
Rank within category 15 5 15 15 3 15
Number of funds in category 19 19 19 19 19 19

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

As on 30-Nov-2021

Asset Allocation (%)

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Concentration & Valuation

Number of Stocks 48
Top 10 Holdings (%) 51.94
Top 5 Holdings (%) 35.39
Top 3 Sectors (%) 0.01
Portfolio P/B Ratio 2.32
Portfolio P/E Ratio 16.60
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 PGIM India Insta Cash Direct-G Mutual Fund -- 18.30 - 28.40 18.30
new Reserve Bank of India 182-D 09/12/2021 Treasury Bills SOV 0.00 - 3.45 3.45
new Reserve Bank of India 91-D 02/12/2021 Treasury Bills SOV 0.00 - 3.45 3.45
equal Reserve Bank of India 364-D 25/11/2021 Treasury Bills SOV 0.00 - 4.02 3.45
equal Reserve Bank of India 364-D 30/12/2021 Treasury Bills SOV 0.00 - 3.58 3.44

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 Adani Ports and Special Economic Zone Services 29.48 6.69 0.00 5.70
new Tata Consultancy Services Technology 36.81 4.02 0.00 4.02
up Indusind Bank Financial 18.79 7.53 0.00 3.84
up Escorts Automobile 27.75 3.53 0.00 3.53
up Adani Enterprises Services 185.16 4.75 0.00 2.76
equal JSW Steel Metals 7.84 3.96 0.00 2.63
equal Tata Steel Metals 4.38 3.74 0.00 2.56
up SAIL Metals 3.26 2.50 0.00 2.50
equal Vedanta Metals 6.75 4.07 0.00 2.35
equal Tata Chemicals Chemicals 34.01 2.46 0.00 2.31
equal Aurobindo Pharma Healthcare 7.61 4.71 0.00 1.99
equal Hindalco Inds. Metals 9.54 2.58 0.00 1.98
up HDFC Asset Management Company Financial 39.28 1.98 0.00 1.98
equal Apollo Hospitals Healthcare 75.54 2.51 0.00 1.84
new The India Cements Construction 30.38 1.82 0.00 1.82
equal LIC Housing Fin. Financial 13.95 2.29 0.00 1.69
new Jubilant FoodWorks Services 119.64 1.60 0.00 1.60
down Muthoot Finance Financial 14.85 2.81 0.00 1.52
equal Ambuja Cements Construction 23.22 1.56 0.00 1.51
equal Multi Commodity Exchange Of India Services 45.20 4.43 0.00 1.49
equal Jindal Steel & Power Metals 5.35 5.97 0.00 1.44
equal Punjab National Bank Financial 11.39 1.40 0.00 1.40
new Hindustan Unilever FMCG 65.71 3.71 0.00 1.34
equal ICICI Bank Financial 23.44 5.92 0.00 1.22
equal SBI Life Insurance Company Insurance 93.52 1.32 0.00 1.19

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-Oct-2021

Fund Manager

— Utkarsh Katkoria since 08-Mar-2016

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

Experience: Prior to joining PGIM India Mutual Fund he was associated with DWS Mutual Fund, Reliance Industries Limited and JM Financials Limited.

Funds Managed:

— Hitash Dang since 22-May-2017

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

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

Funds Managed:

— 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:


0.02%

Change from previous, NAV as on 03-Dec-2021

Growth: ₹ 14.9772

IDCW Monthly: ₹ 10.6140

IDCW: ₹ 11.4726


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: 5.71%
Benchmark: NIFTY 50 Arbitrage TRI
Riskometer: Low
Type: Open-ended
Assets: ₹ 144 Cr (As on 31-Oct-2021)
Expense: 0.98% (As on 31-Oct-2021)
Risk Grade: Average
Return Grade: Below Average
Turnover: 225.00%

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Monthly18-Nov-20210.0370

 14-Oct-20210.0370
 17-Sep-20210.0370
 17-Aug-20210.0300
 17-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
IDCW26-Mar-20210.4800

 31-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
IDCW 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
IDCW Yearly27-Mar-20200.5135

 23-Mar-20181.0900
 23-Jun-20161.0000

Contact Information

AMC: PGIM India Asset Management Pvt. Ltd.

Address: 4th Floor, C Wing, Laxmi Towers, Bandra Kurla Complex, Bandra (East), Mumbai - 400051

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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