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Indiabulls Arbitrage Fund - Regular Plan


1 Lakh

Investment Grown to
₹ 1.18 Lakh

₹ 10000

Monthly SIP Grown to
₹ 3.92 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 0.83 0.03 0.06 0.53 1.23 2.63 6.12 5.80 6.43 -- --
CCIL T Bill Liquidity Weight 0.51 0.02 0.10 0.34 0.89 1.83 4.10 4.13 4.46 -- --
Hybrid: Arbitrage 0.78 0.02 0.05 0.49 1.19 2.50 5.85 5.72 6.28 -- --
Rank within category 8 10 11 8 18 13 12 14 3 -- --
Number of funds in category 24 25 25 24 24 23 22 17 15 10 9

As on 18-Feb-2020

Best & Worst Performance

Best (Period) Worst (Period)
Week 2.39 (28-Dec-2016 - 04-Jan-2017) -2.11 (04-Jan-2017 - 11-Jan-2017)
Month 2.80 (05-Dec-2016 - 04-Jan-2017) -1.87 (04-Jan-2017 - 03-Feb-2017)
Quarter 3.92 (05-Oct-2016 - 04-Jan-2017) -0.83 (04-Jan-2017 - 05-Apr-2017)
Year 9.47 (05-Jan-2016 - 04-Jan-2017) 3.56 (04-Jan-2017 - 04-Jan-2018)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 5.73 0.54 0.11 0.17 0.41 0.71
CCIL T Bill Liquidity Weight 4.06 0.27 -6.06 -10.48 -- --
Hybrid: Arbitrage 5.63 0.69 0.22 0.48 0.55 0.84
Rank within category 13 11 13 13 5 14
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-Jan-2020

Asset Allocation (%)

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Concentration & Valuation

Number of Stocks 25
Top 10 Holdings (%) 57.27
Top 5 Holdings (%) 41.83
Top 3 Sectors (%) --
Portfolio P/B Ratio 2.58
Portfolio P/E Ratio 21.95

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 J&K Bank Fixed Deposits -- 0.00 - 14.47 14.47

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 18.85 9.08 0.00 9.08
equal Reliance Industries Energy 21.99 9.88 0.00 7.56
equal HDFC Bank Financial 25.57 5.87 0.00 5.85
equal Sun Pharmaceutical Inds. Healthcare 24.18 9.28 0.00 4.87
equal ACC Construction 19.51 3.69 0.00 3.48
up Maruti Suzuki India Automobile 33.01 9.19 0.00 3.40
equal State Bank of India Financial 24.33 4.87 0.00 3.32
equal ITC FMCG 16.96 3.59 0.00 2.78
equal Mahindra & Mahindra Automobile 30.35 2.64 0.00 2.46
equal Bajaj Finance Financial 53.81 2.21 0.00 2.21
down United Spirits FMCG 73.28 7.86 0.00 2.01
equal Tech Mahindra Technology 18.62 2.71 0.00 1.94
equal JSW Steel Metals 12.75 4.24 0.00 1.67
equal Larsen & Toubro Construction 18.41 5.21 0.00 1.63
equal Axis Bank Financial 43.68 3.98 0.00 1.52
equal DLF Construction 32.83 5.38 0.00 1.49
new Sun TV Network Services 13.62 1.48 0.00 1.48
down Bharti Airtel Communication -- 5.24 0.00 1.33
equal LIC Housing Fin. Financial 6.90 1.58 0.00 1.32
up Indusind Bank Financial 17.57 2.87 0.00 1.31
new Asian Paints Chemicals 66.61 1.25 0.00 1.25
equal HCL Technologies Technology 15.76 2.84 0.00 1.20
up Hindalco Inds. Metals 9.88 1.15 0.00 1.15
up Shriram Transport Finance Financial 9.66 0.89 0.00 0.89
equal Century Textiles & Inds. Diversified 11.10 5.17 0.00 0.11

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-2020

Fund Manager

— Veekesh Gandhi since 29-Oct-2018

Education: Mr. Gandhi has done MBA & M.Com

Experience: Prior to joining Indiabulls Mutual Fund, he has worked with DSP Merrill Lynch Ltd. as Equity Research Analyst, SSKI Securities as Banking and Strategy Analyst and Motilal Oswal Securities as Equity Research Analyst.

Funds Managed:

— Vikrant Mehta since 20-Jun-2019

Education: Mr. Mehta is CFA and M.S.

Experience: Prior to joining Indiabulls AMC he has worked with Kotak Mahindra Mutual Fund, AIG India Liaison Office, NVS Brokerage Pvt. Ltd., JM Morgan Stanley Fixed Income Securities Pvt. Ltd. and Mata Securities India Pvt. Ltd.

Funds Managed:


0.03%

Change from previous, NAV as on 18-Feb-2020

Growth: ₹ 13.8630

Dividend Yearly: ₹ 11.2485

More

Dividend Quarterly: ₹ 11.2804

Dividend Monthly: ₹ 10.4894

Dividend Half Yearly: ₹ 11.2390


Investment Strategy

The scheme seeks to generate income by predominantly investing in arbitrage opportunities in the cash and derivative segments of the equity markets and the arbitrage opportunities available within the derivative segment and by investing the balance in debt and money market instruments.

Investment Details

Minimum Investment (₹) 500
Minimum Addl Investment (₹) 500
Minimum SIP Investment (₹) 1,000
Minimum No of Cheques 12
Minimum Withdrawal (₹) 500
Minimum Balance (₹) 5,000
Exit Load 0.25% for redemption within 30 days

Basic Details

Fund House: Indiabulls Mutual Fund
Launch Date: 19-Dec-2014
Return Since Launch: 6.52%
Benchmark: NIFTY 50 Arbitrage
Riskometer: Moderately Low
Type: Open-ended
Assets: ₹ 35 Cr (As on 31-Jan-2020)
Expense: 0.96% (As on 31-Dec-2019)
Risk Grade: Average
Return Grade: Average
Turnover: 1,027.00%

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Monthly22-Jan-20200.0487

 23-Dec-20190.0487
 25-Nov-20190.0487
 29-Oct-20190.0487
 23-Sep-20190.0487
 26-Aug-20190.0487
 22-Jul-20190.0487
 24-Jun-20190.0487
 27-May-20190.0487
 25-Mar-20190.0487
 21-Feb-20190.0487
 28-Jan-20190.0487
 26-Dec-20180.0487
 27-Nov-20180.0487
 23-Oct-20180.0487
 27-Sep-20180.0487
 23-Aug-20180.0487
 19-Jul-20180.0487
 21-Jun-20180.0487
 27-May-20180.0487
 19-Apr-20180.0487
 22-Mar-20180.0550
 15-Feb-20180.0550
 19-Jan-20180.0550
 27-Dec-20170.0550

Contact Information

AMC: Indiabulls Asset Management Company Ltd.

Address: Indiabulls Finance Centre - 11th Floor, Elphinstone Mills, Senapati Bapat Marg, Elphinstone (W), Mumbai - 400013

Phone: 022-61891300 / 1800-2666-002

Email: [email protected]

Website: www.indiabullsamc.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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