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5 star

BNP Paribas Arbitrage Fund - Direct Plan


Hybrid: Arbitrage

1 Lakh

Investment Grown to
₹ 1.17 Lakh

₹ 10000

Monthly SIP Grown to
₹ 3.86 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 4.12 0.02 -0.05 0.32 0.97 2.14 4.62 5.49 -- -- --
CCIL T Bill Liquidity Weight 1.88 0.03 0.04 0.17 0.43 1.08 2.05 3.24 -- -- --
Hybrid: Arbitrage 3.82 0.01 -0.05 0.30 0.90 2.03 4.29 5.07 -- -- --
Rank within category 11 7 16 15 10 12 11 3 -- -- --
Number of funds in category 26 26 26 26 26 26 26 19 16 14 0

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)
BNP Paribas Arbitrage Fund - Direct Plan
5 star
Dec-16 4.62 5.49 -- 0.32% 747
Nippon India Arbitrage Fund - Direct Plan
5 star
Jan-13 4.76 5.55 6.07 0.34% 12,136
Aditya Birla Sun Life Arbitrage Fund - Direct Plan  | Invest Online
4 star
Jan-13 4.79 5.41 5.85 0.31% 8,942
UTI Arbitrage Fund - Direct Plan  | Invest Online
4 star
Jan-13 4.72 5.43 5.84 0.35% 6,067
Edelweiss Arbitrage Fund - Direct Plan  | Invest Online
5 star
Jun-14 4.81 5.65 6.06 0.39% 6,017

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 0.58 03-Aug-2018 - 10-Aug-2018 -0.55 29-May-2020 - 05-Jun-2020
Month 1.10 14-Feb-2020 - 16-Mar-2020 -0.25 29-May-2020 - 29-Jun-2020
Quarter 2.25 09-Apr-2019 - 09-Jul-2019 0.06 29-May-2020 - 28-Aug-2020
Year 7.51 15-Mar-2019 - 16-Mar-2020 3.53 29-May-2020 - 31-May-2021

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 5.34 0.80 1.94 2.75 0.91 2.11
CCIL T Bill Liquidity Weight 3.18 0.40 -1.54 -4.30 -- --
Hybrid: Arbitrage 4.95 0.79 1.49 2.21 0.79 1.64
Rank within category 3 13 7 7 17 3
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 76
Top 10 Holdings (%) 48.87
Top 5 Holdings (%) 34.74
Top 3 Sectors (%) 0.00
Portfolio P/B Ratio 3.80
Portfolio P/E Ratio 25.80
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
up BNP Paribas Liquid Direct-G Mutual Fund -- 0.00 - 26.11 20.01
equal Reserve Bank of India 182-D 12/11/2021 Treasury Bills SOV 0.00 - 2.85 2.68
equal Reserve Bank of India 182-D 04/11/2021 Treasury Bills SOV 0.00 - 1.43 1.34
equal Reserve Bank of India 364-D 04/11/2021 Treasury Bills SOV 0.00 - 1.43 1.34

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
down Adani Ports and Special Economic Zone Services 29.48 5.65 0.00 4.76
new Hindustan Unilever FMCG 65.71 5.22 0.00 3.54
up Tata Consultancy Services Technology 36.81 3.52 0.00 3.32
up HDFC Asset Management Company Financial 39.97 3.15 0.00 3.11
new HCL Technologies Technology 27.55 3.39 0.00 3.10
equal Adani Enterprises Services 185.16 3.69 0.00 3.09
up Jindal Steel & Power Metals 5.35 2.75 0.00 2.75
down Bajaj Finance Financial 85.76 3.77 0.00 2.51
up Apollo Hospitals Healthcare 75.54 4.00 0.00 2.33
up ITC FMCG 19.14 4.28 0.00 2.30
new State Bank of India Financial 14.74 3.98 0.00 2.30
up United Spirits FMCG 77.06 3.13 0.00 2.25
new Delta Corp Services 892.52 2.01 0.00 2.01
down Bajaj Auto Automobile 14.69 3.36 0.00 1.86
down Tata Power Company Energy 49.59 5.27 0.00 1.84
up Escorts Automobile 27.75 3.51 0.00 1.66
up Godrej Consumer Products FMCG 53.03 3.16 0.00 1.60
up Exide Industries Engineering 17.69 1.66 0.00 1.53
down NMDC Metals 4.08 4.76 0.00 1.46
down Can Fin Homes Financial 16.64 1.90 0.00 1.39
new Nestle India FMCG 83.04 2.58 0.00 1.32
up Ultratech Cement Construction 33.27 2.25 0.00 1.01
new Eicher Motors Automobile 40.19 1.49 0.00 0.99
down Multi Commodity Exchange Of India Services 45.20 3.61 0.00 0.99
new Laurus Labs Healthcare 27.10 0.94 0.00 0.94

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

— Karthikraj Lakshmanan since 08-Dec-2016

Education: Mr. Lakshmanan is Commerce Graduate, PGDBM (from SPJIMR, Mumbai), CA and has cleared CFA Level 3 (US CFAI).

Experience: Prior to joining BNP Paribas AMC (Jul 14, 2008), he was associated with ICICI Prudential AMC as Senior Research Analyst (Mar 9, 2007-Jul 10, 2008), Goldman Sachs Services Pvt. Ltd. as Business Analyst (Apr 3, 2006-Mar 6, 2007) and with ICICI Bank as Management Trainee.

Funds Managed:

— Chockalingam Narayanan since 01-Jul-2020

Education: Mr. Chockalingam has a Post Graduate Diploma in Management from T. A. Pai Management Institute, Manipal.

Experience: Prior to joining BNP Paribas Mutual Fund, he has worked with Deutsche Equities India Pvt. Ltd. and at Batlivala & Karani Securities.

Funds Managed:

— Mayank Prakash since 08-Dec-2016

Education: Mr. Prakash is a Chartered Accountant and MBA (Finance).

Experience: Prior to joining BNP Paribas Mutual Fund he has worked with Kotak AMC.

Funds Managed:


0.02%

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

Growth: ₹ 13.3860

IDCW Quarterly: ₹ 10.5140

More

IDCW Monthly: ₹ 10.4300

Adhoc IDCW: ₹ 10.8420


Investment Strategy

The scheme seeks to generate income and capital appreciation by investing in a combination of diversified portfolio of equity and equity related instruments, including use of equity derivatives strategies and arbitrage opportunities with exposure in debt and fixed income instruments.

Investment Details

Minimum Investment (₹) 5,000
Minimum Addl Investment (₹) 1,000
Minimum SIP Investment (₹) 300
Minimum No of Cheques 20
Minimum Withdrawal (₹) 1,000
Minimum Balance (₹) 1
Lock-in Period Not Applicable
Exit Load 0.25% for redemption within 30 days

Basic Details

Fund House: BNP Paribas Mutual Fund
Launch Date: 28-Dec-2016
Return Since Launch: 6.09%
Benchmark: NIFTY 50 Arbitrage TRI
Riskometer: Low
Type: Open-ended
Assets: ₹ 747 Cr (As on 31-Oct-2021)
Expense: 0.32% (As on 31-Oct-2021)
Risk Grade: Low
Return Grade: Above Average
Turnover: 2,223.00%

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Adhoc IDCW08-Nov-20210.0500

 11-Oct-20210.0500
 06-Sep-20210.0500
 09-Aug-20210.0500
 05-Jul-20210.0500
 10-May-20210.0500
 09-Nov-20200.0500
 08-May-20200.0500
 30-Mar-20200.0443
 06-Mar-20200.0443
 06-Feb-20200.0443
 06-Jan-20200.0443
 09-Dec-20190.0443
 25-Oct-20190.0443
 20-Sep-20190.0443
 23-Aug-20190.0443
 29-Jul-20190.0443
 24-Jun-20190.0443
 31-May-20190.0443
 30-Apr-20190.0443
 28-Mar-20190.0443
 25-Feb-20190.0443
 25-Jan-20190.0443
 21-Dec-20180.0443
 22-Nov-20180.0531
IDCW Monthly08-Nov-20210.0500

 11-Oct-20210.0500
 06-Sep-20210.0500
 09-Aug-20210.0500
 05-Jul-20210.0500
 10-May-20210.0500
 09-Nov-20200.0500
 08-May-20200.0500
 30-Mar-20200.0443
 06-Mar-20200.0443
 06-Feb-20200.0443
 06-Jan-20200.0443
 09-Dec-20190.0443
 25-Oct-20190.0443
 20-Sep-20190.0443
 23-Aug-20190.0443
 29-Jul-20190.0443
 24-Jun-20190.0443
 31-May-20190.0443
 30-Apr-20190.0443
 28-Mar-20190.0443
 25-Feb-20190.0443
 25-Jan-20190.0443
 21-Dec-20180.0443
 22-Nov-20180.0531
IDCW Quarterly11-Oct-20210.1500

 05-Jul-20210.1500
 30-Mar-20200.1328
 06-Jan-20200.1328
 20-Sep-20190.1328
 24-Jun-20190.1328
 28-Mar-20190.1328
 21-Dec-20180.1328
 21-Sep-20180.1328
 22-Jun-20180.1328
 28-Mar-20180.1900
 22-Dec-20170.1500
 26-Sep-20170.1800

Contact Information

AMC: BNP Paribas Asset Management (India) Private Ltd.

Address: BNP Paribas House, 1 North Avenue, Maker Maxity, Bandra Kurla Complex, Bandra (E) Mumbai - 400051

Phone: 022-33704000

Fax: 022-33704294

Email: [email protected]

Website: http://www.bnpparibasmf.in

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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