VR Logo

2 star

PGIM India Arbitrage Fund - Direct Plan


Hybrid: Arbitrage

1 Lakh

Investment Grown to
₹ 1.19 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.

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 2.31 -0.03 0.07 -0.04 0.77 2.12 5.13 6.06 6.34 -- --
CCIL T Bill Liquidity Weight 2.04 0.00 0.04 0.24 0.86 1.94 3.94 4.14 4.32 -- --
Hybrid: Arbitrage 2.59 -0.06 -0.02 -0.03 0.80 2.36 5.27 6.13 6.53 -- --
Rank within category 18 1 1 15 16 16 16 14 12 -- --
Number of funds in category 24 26 26 25 25 24 23 17 15 9 0

As on 09-Jul-2020

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
PGIM India Arbitrage Fund - Direct Plan
2 star
Aug-14 5.13 6.06 6.34 0.43 114
Kotak Equity Arbitrage Fund - Direct Plan  | Invest Online
5 star
Jan-13 5.63 6.47 6.62 0.44 15,853
Nippon India Arbitrage Fund - Direct Plan
5 star
Jan-13 5.86 6.78 6.79 0.31 7,944
Aditya Birla Sun Life Arbitrage Fund - Direct Plan  | Invest Online
4 star
Jan-13 5.73 6.45 6.58 0.32 4,182
Edelweiss Arbitrage Fund - Direct Plan  | Invest Online
5 star
Jun-14 6.16 6.72 6.83 0.35 3,569

Best & Worst Performance

Best (Period) Worst (Period)
Week 0.74 (25-Mar-2020 - 01-Apr-2020) -0.57 (18-Mar-2020 - 25-Mar-2020)
Month 1.10 (10-Apr-2015 - 12-May-2015) -0.26 (29-May-2020 - 29-Jun-2020)
Quarter 2.76 (05-Mar-2015 - 05-Jun-2015) 0.65 (01-Apr-2020 - 02-Jul-2020)
Year 9.19 (01-Sep-2014 - 01-Sep-2015) 5.28 (03-Jul-2019 - 02-Jul-2020)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 6.02 0.67 1.08 1.38 0.32 1.11
CCIL T Bill Liquidity Weight 4.07 0.28 -4.34 -7.86 -- --
Hybrid: Arbitrage 6.10 0.84 1.31 1.85 0.48 1.38
Rank within category 14 5 13 13 5 15
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 (%)

ajax-loader
Please wait...

Concentration & Valuation

Number of Stocks 33
Top 10 Holdings (%) 57.32
Top 5 Holdings (%) 36.04
Top 3 Sectors (%) 0.06
Portfolio P/B Ratio 1.14
Portfolio P/E Ratio 13.96

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 5.00% HDFC Bank Fixed Deposits -- 0.00 - 10.14 9.24
equal 5.25% Axis Bank Fixed Deposits -- 0.00 - 9.48 8.64
equal 3.00% HDFC Bank Fixed Deposits -- 0.00 - 4.62 4.62
new 5.35% RBL Bank Fixed Deposits -- 0.00 - 4.40 4.40
new 5.50% RBL Bank Fixed Deposits -- 0.00 - 2.65 2.65

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
up Indusind Bank Financial 8.66 7.53 0.00 7.53
up Jindal Steel & Power Metals -- 5.97 0.00 5.97
up Bharti Airtel Communication -- 4.66 0.00 4.66
up ICICI Bank Financial 25.08 5.58 0.00 4.47
down Vedanta Metals -- 4.07 0.00 4.07
down NCC Construction 6.12 3.72 0.00 3.72
up Adani Enterprises Services 15.73 3.30 0.00 3.30
up BPCL Energy 26.74 3.14 0.00 3.14
up Axis Bank Financial 69.10 2.99 0.00 2.88
new Vodafone Idea Communication -- 2.88 0.00 2.88
equal Hindustan Unilever FMCG 75.69 3.71 0.00 2.88
down Aurobindo Pharma Healthcare 16.82 3.02 0.00 2.30
down Dr. Reddy's Lab Healthcare 31.97 2.67 0.00 1.82
up Maruti Suzuki India Automobile 31.95 4.85 0.00 1.75
down Cadila Healthcare Healthcare 30.98 1.66 0.00 1.57
down Zee Entertainment Services 10.42 2.19 0.00 1.54
equal Adani Ports and Special Economic Zone Services 18.52 2.52 0.00 1.51
down State Bank of India Financial 8.99 2.71 0.00 1.46
new Sun TV Network Services 11.39 4.28 0.00 1.28
new ACC Construction 18.35 4.41 0.00 0.94
down HDFC Financial 15.72 9.95 0.00 0.93
new Tata Consumer Products FMCG 86.41 4.58 0.00 0.92
down Tech Mahindra Technology 13.82 1.95 0.00 0.86
new SAIL Metals 837.98 1.76 0.00 0.76
down Biocon Healthcare 65.13 1.85 0.00 0.55

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

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).


-0.03%

Change from previous, NAV as on 09-Jul-2020

Growth: ₹ 14.6954

Dividend Yearly: ₹ 11.4097

More

Dividend Quarterly: ₹ 10.9045

Dividend Monthly: ₹ 10.6021

Dividend: ₹ 12.1717


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 (₹) 500
Minimum No of Cheques 10
Minimum Withdrawal (₹) 100
Minimum Balance (₹) 1
Exit Load 0.5% for redemption within 30 days

Basic Details

Fund House: PGIM India Mutual Fund
Launch Date: 27-Aug-2014
Return Since Launch: 6.78%
Benchmark: NIFTY 50 Arbitrage
Riskometer: Moderately Low
Type: Open-ended
Assets: ₹ 114 Cr (As on 30-Jun-2020)
Expense: 0.43% (As on 31-May-2020)
Risk Grade: Above Average
Return Grade: Below Average
Turnover: 331.00%

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Quarterly30-Jun-20200.1450

 27-Mar-20200.1062
 26-Dec-20190.1417
 27-Sep-20190.1505
 28-Jun-20190.1417
 25-Mar-20190.1417
 28-Dec-20180.1417
 28-Sep-20180.1417
 28-Jun-20180.1417
 23-Mar-20180.1600
 29-Dec-20170.1600
 28-Sep-20170.1600
 29-Jun-20170.1500
 24-Mar-20170.1400
 29-Dec-20160.0800
 29-Sep-20160.0800
 27-Jun-20160.1200
 28-Mar-20160.1800
 23-Dec-20150.1800
 24-Sep-20150.1800
 26-Jun-20150.1800
 27-Mar-20150.0600
Dividend Monthly17-Jun-20200.0500

 18-May-20200.0500
 17-Apr-20200.0500
 17-Mar-20200.0487
 17-Feb-20200.0487
 17-Jan-20200.0487
 17-Dec-20190.0487
 18-Nov-20190.0487
 17-Oct-20190.0487
 17-Sep-20190.0487
 19-Aug-20190.0487
 17-Jul-20190.0487
 17-Jun-20190.0487
 17-May-20190.0487
 18-Apr-20190.0487
 19-Mar-20190.0487
 19-Feb-20190.0487
 17-Jan-20190.0487
 17-Dec-20180.0487
 19-Nov-20180.0487
 17-Oct-20180.0487
 17-Sep-20180.0487
 17-Aug-20180.0487
 17-Jul-20180.0487
 18-Jun-20180.0487
Dividend27-Mar-20200.1062

 26-Dec-20190.1505
 27-Sep-20190.1682
 25-Mar-20190.2214
 28-Dec-20180.2214
 28-Sep-20180.2214
 28-Jun-20180.2214
 23-Mar-20180.2500
 26-Oct-20160.0600
 26-Sep-20160.0600
 29-Aug-20160.0500
 28-Mar-20160.1200
 23-Dec-20150.1200
 24-Sep-20150.1200
Dividend Yearly27-Mar-20200.5844

 23-Mar-20181.1735
 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

Upcoming Video

VR Helpline

Investing rationally when markets are irrational.

dateSaturday, 11-Jul-2020
time04:00 PM - 04:30 PM