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2 star

Indiabulls 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.

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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 2.42 0.08 -0.11 0.08 0.66 2.10 5.18 6.11 6.57 -- --
CCIL T Bill Liquidity Weight 2.07 0.03 0.05 0.26 0.89 1.91 3.96 4.16 4.32 -- --
Hybrid: Arbitrage 2.65 0.06 -0.07 0.15 0.85 2.34 5.31 6.16 6.54 -- --
Rank within category 16 7 23 20 19 16 16 13 10 -- --
Number of funds in category 24 26 26 25 25 24 23 17 15 9 0

As on 10-Jul-2020

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
Indiabulls Arbitrage Fund - Direct Plan
2 star
Dec-14 5.18 6.11 6.57 0.42 22
Kotak Equity Arbitrage Fund - Direct Plan  | Invest Online
5 star
Jan-13 5.67 6.50 6.63 0.44 15,853
Nippon India Arbitrage Fund - Direct Plan
5 star
Jan-13 5.90 6.81 6.80 0.31 7,847
Aditya Birla Sun Life Arbitrage Fund - Direct Plan  | Invest Online
4 star
Jan-13 5.78 6.49 6.59 0.32 4,387
Edelweiss Arbitrage Fund - Direct Plan  | Invest Online
5 star
Jun-14 6.21 6.76 6.84 0.35 3,708

Best & Worst Performance

Best (Period) Worst (Period)
Week 2.41 (28-Dec-2016 - 04-Jan-2017) -2.09 (04-Jan-2017 - 11-Jan-2017)
Month 2.86 (05-Dec-2016 - 04-Jan-2017) -1.82 (04-Jan-2017 - 03-Feb-2017)
Quarter 4.11 (05-Oct-2016 - 04-Jan-2017) -0.67 (04-Jan-2017 - 05-Apr-2017)
Year 10.20 (05-Jan-2016 - 04-Jan-2017) 4.10 (04-Jan-2017 - 04-Jan-2018)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 6.04 0.70 1.05 1.38 0.41 1.23
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 13 9 14 14 10 13
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 (%)

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Concentration & Valuation

Number of Stocks 23
Top 10 Holdings (%) 65.49
Top 5 Holdings (%) 47.48
Top 3 Sectors (%) 0.16
Portfolio P/B Ratio 1.86
Portfolio P/E Ratio 19.94

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 AU Small Finance Bank Fixed Deposits -- 0.00 - 22.29 22.29

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
new Reliance Industries Energy 32.28 8.67 0.00 7.29
down Bharti Airtel Communication -- 7.83 0.00 6.93
down HDFC Financial 15.26 11.16 0.00 5.87
up Mahindra & Mahindra Automobile 542.84 5.10 0.00 5.10
up Maruti Suzuki India Automobile 31.71 6.74 0.00 4.42
up Aurobindo Pharma Healthcare 16.99 3.58 0.00 3.58
down ICICI Bank Financial 24.39 9.62 0.00 3.45
equal Adani Enterprises Services 15.43 4.85 0.00 3.34
down Indusind Bank Financial 8.39 3.22 0.00 3.22
equal Hindustan Unilever FMCG 77.37 3.21 0.00 3.21
up Vedanta Metals -- 2.51 0.00 2.35
down Lupin Healthcare -- 2.75 0.00 2.07
new Tech Mahindra Technology 13.62 2.71 0.00 1.74
down Petronet LNG Energy 14.52 2.44 0.00 1.73
equal United Spirits FMCG 70.14 7.86 0.00 1.65
down Sun TV Network Services 11.07 2.61 0.00 1.62
down Grasim Industries Construction 9.09 1.57 0.00 1.57
new SBI Life Insurance Company Financial 60.46 1.35 0.00 1.35
down Tata Motors Automobile -- 4.82 0.00 1.25
new Axis Bank Financial 66.93 7.12 0.00 1.09
new Indian Oil Corp. Energy -- 3.06 0.00 1.08
new Sun Pharmaceutical Inds. Healthcare 31.45 8.26 0.00 0.89
equal Wipro Technology 13.05 0.77 0.00 0.63

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

— Rajeev Desai since 12-May-2020

Education: Mr. Desai has done PGDBM (Finance) and B.E. (Mech).

Experience: Prior to joining Indiabulls Mutual Fund, he has worked with Systematix Shares & Stocks (I) Ltd, IFCI Financial Services Ltd., IDFC Securities Ltd. (earlier IDFC SSKI Securities Ltd.), Batliboi Ltd., Blue Star Ltd., Contec Airflow India Pvt. Ltd.

Funds Managed:

— Karan Singh since 30-May-2020

Education: Mr. Singh is B.A (Honours) in Economics, PGDBF & CFA - Level 1

Experience: Prior to joining IndiaBulls Mutual Fund he has worked with Taurus Corporate Advisory Services Ltd., DIOS Capital, Invesco Asset Management Company Ltd., Fidelity Investments and ICRA Ltd.

Funds Managed:


0.08%

Change from previous, NAV as on 10-Jul-2020

Growth: ₹ 14.4963

Dividend Yearly: ₹ 11.4509

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Dividend Quarterly: ₹ 11.4725

Dividend Monthly: ₹ 10.6450

Dividend Half Yearly: ₹ 11.5464


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: 6.90%
Benchmark: NIFTY 50 Arbitrage
Riskometer: Moderately Low
Type: Open-ended
Assets: ₹ 22 Cr (As on 30-Jun-2020)
Expense: 0.42% (As on 31-May-2020)
Risk Grade: Above Average
Return Grade: Average
Turnover: 1,204.00%

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Monthly28-Apr-20200.0550

 24-Feb-20200.0487
 22-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
 22-Apr-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
Dividend Half Yearly22-Mar-20180.6751

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: http://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

Upcoming Video

Value Investing

Evaluating Covid-affected financials of India Inc

dateFriday, 17-Jul-2020
time12:30 PM - 01:00 PM