VR Logo

5 star

Kotak Equity Arbitrage Fund Regular Plan


Hybrid: Arbitrage

1 Lakh

Investment Grown to
₹ 1.17 Lakh

₹ 10000

Monthly SIP Grown to
₹ 3.87 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 0.14 0.03 0.14 0.20 0.82 1.79 4.12 5.49 5.80 6.44 7.14
CCIL T Bill Liquidity Weight 0.06 0.01 0.04 0.13 0.48 1.09 3.02 3.79 4.01 4.43 4.70
Hybrid: Arbitrage 0.10 0.03 0.12 0.17 0.67 1.51 3.52 5.04 5.59 6.20 6.94
Rank within category 3 18 9 9 2 6 7 5 3 1 3
Number of funds in category 27 27 27 27 27 26 24 17 15 10 10

As on 21-Jan-2021

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
Kotak Equity Arbitrage Fund Regular Plan  | Invest Online
5 star
Sep-05 4.12 5.49 5.80 1.00 14,908
Nippon India Arbitrage Fund  | Invest Online
4 star
Oct-10 4.08 5.61 5.82 1.01 8,029
Edelweiss Arbitrage Fund - Regular Plan  | Invest Online
5 star
Jun-14 4.27 5.50 5.82 1.10 3,195
UTI Arbitrage Fund - Regular Plan  | Invest Online
4 star
Jun-06 4.12 5.47 5.72 0.94 2,969
L&T Arbitrage Opportunities Fund - Regular Plan  | Invest Online
4 star
Jun-14 4.54 5.51 5.78 0.98 2,737

Best & Worst Performance

Best (Period) Worst (Period)
Week 1.22 (16-Jan-2008 - 23-Jan-2008) -0.54 (29-May-2020 - 05-Jun-2020)
Month 1.89 (24-Dec-2007 - 23-Jan-2008) -0.25 (29-May-2020 - 29-Jun-2020)
Quarter 3.08 (25-Jan-2007 - 27-Apr-2007) -0.02 (29-May-2020 - 28-Aug-2020)
Year 10.80 (22-Jan-2007 - 22-Jan-2008) 3.97 (06-Jul-2009 - 06-Jul-2010)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 5.43 0.80 0.83 1.10 0.78 1.43
CCIL T Bill Liquidity Weight 3.78 0.34 -2.89 -5.80 -- --
Hybrid: Arbitrage 5.02 0.95 0.47 0.71 0.82 1.05
Rank within category 5 8 5 5 10 5
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-2020

Asset Allocation (%)

ajax-loader
Please wait...

Concentration & Valuation

Number of Stocks 121
Top 10 Holdings (%) 44.59
Top 5 Holdings (%) 34.49
Top 3 Sectors (%) 5.47
Portfolio P/B Ratio 2.27
Portfolio P/E Ratio 25.16
Avg Credit Rating GOI/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 Kotak Liquid - Plan A - Direct Plan-Gr Mutual Fund -- 0.00 - 19.62 19.62
equal Kotak Money Market Fund Direct-G Mutual Fund -- 0.00 - 5.04 5.04
equal HDFC Bank Term Deposits -- 0.77 - 10.96 0.77
equal Federal Bank Term Deposits -- 0.22 - 1.65 0.22

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 Bharti Airtel Communication -- 5.11 0.00 4.31
down Reliance Industries Energy 34.81 10.20 0.00 2.88
up Sun Pharmaceutical Inds. Healthcare 95.11 3.18 0.12 2.64
down Axis Bank Financial 58.30 3.04 0.00 2.43
up Tata Steel Metals -- 2.91 0.00 2.33
down HDFC Financial 29.66 6.96 0.02 1.95
up Adani Ports and Special Economic Zone Services 29.04 2.29 0.00 1.76
up Grasim Industries Construction 19.54 2.51 0.05 1.63
up Indusind Bank Financial 25.06 1.85 0.00 1.34
down JSW Steel Metals 64.50 1.71 0.03 1.32
down Maruti Suzuki India Automobile 60.07 2.53 0.00 1.29
up Dabur India FMCG 63.18 1.45 0.10 1.22
down HCL Technologies Technology 20.40 1.75 0.00 1.16
down Mahindra & Mahindra Automobile -- 1.40 0.01 1.15
up ITC FMCG 19.18 3.42 0.00 1.05
up Tech Mahindra Technology 24.38 1.75 0.00 1.04
down BPCL Energy 20.95 1.94 0.00 1.02
up Piramal Enterprises Healthcare 240.06 0.95 0.00 0.95
down Tata Motors Automobile -- 1.22 0.00 0.93
new HDFC Bank Financial 26.48 4.18 0.00 0.93
down Bandhan Bank Financial 20.21 0.83 0.00 0.83
down Larsen & Toubro Construction 16.93 2.01 0.00 0.82
up Max Financial Services Financial 94.84 0.81 0.00 0.81
down Cipla Healthcare 35.62 1.34 0.00 0.80
down HDFC Life Insurance Financial 105.53 1.17 0.00 0.80

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-2020

Fund Manager

— Hiten Shah since 03-Oct-2019

Education: Mr. Shah is a Masters in Management Studies (Finance) from Mumbai University.

Experience: Prior to joining Edelweiss Asset Management Limited (since July 2011) he was associated with Edelweiss Securities Limited as Low Risk Arbitrage Trader for over three years.

Funds Managed:


0.03%

Change from previous, NAV as on 21-Jan-2021

Growth: ₹ 28.8256

Dividend Monthly: ₹ 10.7032

More

Dividend Fortnightly: ₹ 23.0069

Dividend Bimonthly: ₹ 20.0273


Investment Strategy

The scheme aims to generate income through arbitrage opportunities emerging out of pricing anomaly between the spot & futures market; and also through deployment of surplus cash in fixed income instruments.

Investment Details

Minimum Investment (₹) 5,000
Minimum Addl Investment (₹) 1,000
Minimum SIP Investment (₹) 500
Minimum No of Cheques 10
Minimum Withdrawal (₹) 1,000
Minimum Balance (₹) 1,000
Exit Load 0.25% for redemption within 30 days

Basic Details

Fund House: Kotak Mahindra Mutual Fund
Launch Date: 29-Sep-2005
Return Since Launch: 7.15%
Benchmark: NIFTY 50 Arbitrage TRI
Riskometer: Low
Type: Open-ended
Assets: ₹ 14,908 Cr (As on 31-Dec-2020)
Expense: 1.00% (As on 31-Dec-2020)
Risk Grade: Below Average
Return Grade: Above Average
Turnover: 396.21%

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Fortnightly12-Jan-20210.0553

 29-Dec-20200.0255
 15-Dec-20200.0158
 02-Dec-20200.0205
 18-Nov-20200.0225
 03-Nov-20200.0578
 20-Oct-20200.0316
 06-Oct-20200.0084
 22-Sep-20200.0545
 08-Sep-20200.0370
 25-Aug-20200.0321
 28-Jul-20200.0311
 14-Jul-20200.0100
 30-Jun-20200.0387
 16-Jun-20200.0055
 02-Jun-20200.0577
 19-May-20200.0441
 05-May-20200.0692
 21-Apr-20200.0829
 08-Apr-20200.0100
 24-Mar-20200.0593
 11-Mar-20200.0415
 25-Feb-20200.0411
 11-Feb-20200.0492
 28-Jan-20200.0437
Dividend Monthly28-Dec-20200.0317

 23-Nov-20200.0438
 26-Oct-20200.0355
 21-Sep-20200.0312
 24-Aug-20200.0204
 27-Jul-20200.0097
 22-Jun-20200.0280
 26-May-20200.0541
 27-Apr-20200.0344
 23-Mar-20200.0737
 24-Feb-20200.0416
 27-Jan-20200.0412
 23-Dec-20190.0338
 25-Nov-20190.0413
 29-Oct-20190.0376
 23-Sep-20190.0311
 26-Aug-20190.0601
 22-Jul-20190.0511
 24-Jun-20190.0551
 27-May-20190.0691
 24-Apr-20190.0593
 25-Mar-20190.0328
 25-Feb-20190.0359
 28-Jan-20190.0515
 24-Dec-20180.0367
Dividend Bimonthly24-Nov-20200.1481

 22-Sep-20200.0964
 28-Jul-20200.0707
 27-May-20200.1520
 24-Mar-20200.2157
 28-Jan-20200.1401
 26-Nov-20190.1647
 24-Sep-20190.1643
 23-Jul-20190.1991
 28-May-20190.2404
 26-Mar-20190.1287
 29-Jan-20190.1653
 27-Nov-20180.2253
 25-Sep-20180.1680
 24-Jul-20180.1821
 29-May-20180.1892
 23-Mar-20180.1975
 23-Jan-20180.1815
 28-Nov-20170.1990
 26-Sep-20170.2114
 25-Jul-20170.2164
 22-May-20170.1692
 27-Mar-20170.2033
 23-Jan-20170.1663
 21-Nov-20160.2109

Contact Information

AMC: Kotak Mahindra Asset Management Company Ltd

Address: 27 BKC, C-27, G Block, Bandra Kurla Complex, Bandra (E) Mumbai - 400051

Phone: 022-61152100 / 1800-22-2626

Fax: 022-66384455

Email: [email protected]

Website: http://www.kotakmutual.com

Registrar & Transfer Agent: Computer Age Management Services Ltd.

Address: 7th Floor, Tower II, Rayala Towers, 158, Anna Salai, Chennai - 600002

Phone: 1800-3010-6767 / 1800-419-7676

Fax: 044-30407101

Email: [email protected]

Website: www.camsonline.com

Upcoming Video

VR Helpline

Will this bull run continue?

dateSaturday, 23-Jan-2021
time04:00 PM - 04:30 PM