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3 star

DSP Arbitrage Fund - Regular Plan download report


Hybrid: Arbitrage

1 Lakh

Investment Grown to
₹ 1.13 Lakh

₹ 10000

Monthly SIP Grown to
₹ 3.79 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
DSP Arbitrage Fund Reg-G 1.20 -0.05 0.07 0.30 0.65 1.50 3.42 4.15 -- -- --
CCIL T Bill Liquidity Weight 0.55 0.03 0.00 -0.04 0.32 0.83 1.91 2.81 -- -- --
Hybrid: Arbitrage 1.26 -0.04 0.08 0.31 0.69 1.56 3.44 4.09 -- -- --
Rank within category 17 18 16 15 18 17 18 14 -- -- --
Number of funds in category 25 25 25 25 25 25 25 22 17 15 10

As on 16-May-2022

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
DSP Arbitrage Fund - Regular Plan  | Invest Online
3 star
Jan-18 3.42 4.15 -- 0.93% 1,403
Kotak Equity Arbitrage Fund Regular Plan  | Invest Online
5 star
Sep-05 4.02 4.47 5.21 1.01% 24,648
Nippon India Arbitrage Fund  | Invest Online
4 star
Oct-10 3.85 4.38 5.21 1.06% 10,898
Tata Arbitrage Fund - Regular Plan  | Invest Online
5 star
Dec-18 3.52 4.56 -- 1.08% 10,059
Edelweiss Arbitrage Fund - Regular Plan  | Invest Online
5 star
Jun-14 3.95 4.50 5.17 1.07% 6,838

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 0.67 25-Mar-2020 - 01-Apr-2020 -0.51 29-May-2020 - 05-Jun-2020
Month 0.94 25-Mar-2020 - 24-Apr-2020 -0.24 29-May-2020 - 29-Jun-2020
Quarter 2.19 09-Apr-2019 - 09-Jul-2019 0.03 29-May-2020 - 28-Aug-2020
Year 6.92 21-Aug-2018 - 22-Aug-2019 2.72 29-May-2020 - 31-May-2021

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
DSP Arbitrage Fund Reg-G 4.14 0.80 0.76 1.14 0.94 1.25
CCIL T Bill Liquidity Weight 2.86 0.36 -1.85 -5.13 -- --
Hybrid: Arbitrage 4.07 0.78 0.68 0.99 0.93 1.16
Rank within category 14 18 14 14 14 14
Number of funds in category 22 22 22 22 22 22

The Risk Measures have been calculated using calendar month returns for the last three years.

As on 30-Apr-2022

Asset Allocation (%)

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Concentration & Valuation

Number of Stocks 117
Top 10 Holdings (%) 43.83
Top 5 Holdings (%) 29.13
Top 3 Sectors (%) --
Portfolio P/B Ratio 2.19
Portfolio P/E Ratio 17.76
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
equal 8.15% GOI 2022 Central Government Loan SOV 8.82 - 11.82 11.82
equal Reserve Bank of India 364-D 02/11/2022 Treasury Bills SOV 0.00 - 4.18 4.18
equal 8.35% GOI 2022 GOI Securities SOV 2.19 - 2.97 2.97
equal 6.84% GOI 19/12/2022 GOI Securities SOV 0.00 - 2.22 2.22
new Axis Bank 2023 Certificate of Deposit A1+ 0.00 - 1.71 1.71
new Reserve Bank of India 182-D 08/09/2022 Treasury Bills SOV 0.00 - 1.40 1.40
new Reserve Bank of India 364-D 24/11/2022 Treasury Bills SOV 0.00 - 1.39 1.39
new Reserve Bank of India 182-D 21/07/2022 Treasury Bills SOV 0.00 - 1.06 1.06
new Reserve Bank of India 182-D 04/08/2022 Treasury Bills SOV 0.00 - 0.99 0.99
new Reserve Bank of India 364-D 02/03/2023 Treasury Bills SOV 0.00 - 0.69 0.69
new Reserve Bank of India 182-D 25/08/2022 Treasury Bills SOV 0.00 - 0.49 0.49
new Reserve Bank of India 182-D 18/08/2022 Treasury Bills SOV 0.00 - 0.35 0.35
equal Reserve Bank of India 364-D 16/02/2023 Treasury Bills SOV 0.00 - 0.34 0.34
equal Reserve Bank of India 364-D 16/03/2023 Treasury Bills SOV 0.00 - 0.34 0.34

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
new HDFC Bank Financial 19.17 6.85 0.00 5.15
down Adani Enterprises Services 320.69 5.79 0.00 4.56
down Adani Ports and Special Economic Zone Services 31.34 5.19 0.00 3.43
down Indusind Bank Financial 14.59 8.41 0.00 3.41
down Reliance Industries Energy 28.21 8.48 0.74 2.87
down Bajaj Finance Financial 50.28 4.34 0.00 2.74
down Jindal Steel & Power Metals & Mining 7.95 4.24 0.00 2.71
up Vodafone Idea Communication -- 4.34 0.00 2.66
down Tata Steel Metals & Mining 3.62 3.29 0.00 2.43
down Piramal Enterprises Healthcare 38.09 2.69 0.00 2.42
up Zee Entertainment Services 22.33 3.69 0.00 2.18
down HDFC Financial 17.58 7.06 0.00 1.77
up LIC Housing Fin. Financial 12.56 1.75 0.00 1.75
down Titan Company Consumer Discretionary 88.91 1.41 0.00 1.41
up Bank of Baroda Financial 6.74 1.63 0.00 1.35
down Aurobindo Pharma Healthcare 10.93 4.65 0.00 1.23
up Axis Bank Financial 14.24 3.25 0.00 1.18
down Tata Power Company Energy 44.27 1.21 0.00 1.03
up Kotak Mahindra Bank Financial 30.23 3.48 0.00 0.83
equal Interglobe Aviation Services -- 1.01 0.00 0.81
down IDFC First Bank Financial 172.95 0.83 0.00 0.80
up Shriram Transport Finance Company Financial 11.06 0.80 0.00 0.80
up HCL Technologies Technology 21.78 1.37 0.00 0.79
equal Godrej Properties Construction 111.88 0.78 0.00 0.78
down Hindustan Unilever Consumer Staples 59.41 6.59 0.00 0.76

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-Apr-2022

*As on 31-Mar-2022

Fund Manager

— Abhishek Singh since 08-Apr-2022

Education: Mr. Singh is a B-Tech, IIT Kanpur PGDM, IIM Lucknow

Experience: Prior to joining DSP Mutual Fund he has worked with EdelCap Securities Limited, Systematic Trading Division. Kotak Securities Limited, Proprietary Trading and Structured Products Division. Kotak Mahindra Investments Limited, Structured Products Division.

Funds Managed:

— Kedar Karnik since 16-Jun-2020

Education: Mr. Karnik is a BE and has done his Masters in Management Studies from Jamnalal Bajaj Institute of Management Studies.

Experience: Prior to joining DSP Mutual Fund he was associated with Axis Asset Management. He has also worked with HSBC and CRISIL Ltd..

Funds Managed:


-0.05%

Change from previous, NAV as on 16-May-2022

Growth: ₹ 12.2180

IDCW Monthly: ₹ 10.7000

IDCW: ₹ 10.7890


Investment Strategy

The Scheme seeks to generate income through arbitrage opportunities between cash and derivative market and arbitrage opportunities within the derivative market.

Investment Details

Min. Investment (₹) 500
Min. Addl Investment (₹) 500
Min. SIP Investment (₹) 500
Min. No of Cheques 12
Min. Withdrawal (₹) --
Min. Balance (₹) 500
Lock-in Period Not Applicable
Exit Load For units in excess of 10% of the investment,0.25% will be charged for redemption within 30 days

Basic Details

Fund House: DSP Mutual Fund
Launch Date: 25-Jan-2018
Return Since Launch: 4.76%
Benchmark: NIFTY 50 Arbitrage TRI
Riskometer: Low
Type: Open-ended
Assets: ₹ 1,403 Cr (As on 30-Apr-2022)
Expense: 0.93% (As on 31-Mar-2022)
Risk Grade: Average
Return Grade: Average
Turnover: 1,021.00%

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Monthly28-Apr-20220.0300

 28-Mar-20220.0300
 28-Feb-20220.0300
 28-Jan-20220.0300
 23-Mar-20200.4100
 17-Feb-20200.0354
 14-Jan-20200.0221
 02-Jan-20200.0221
 13-Nov-20190.0354
 15-Oct-20190.0354
 20-Sep-20190.0354
 19-Aug-20190.0266
 18-Jul-20190.0266
 14-Jun-20190.0266
 27-May-20190.0266
 27-Feb-20190.0354
 29-Jan-20190.0354
 31-Dec-20180.0239
 28-Nov-20180.0354
 30-Oct-20180.0354
 28-Sep-20180.0354
 30-Aug-20180.0354
 30-Jul-20180.0354
 28-Jun-20180.0310
 30-May-20180.0266
IDCW23-Mar-20201.0400

 28-Mar-20190.1000
 19-Mar-20180.0270

Contact Information

AMC: DSP Investment Managers Pvt. Ltd.

Address: NATRAJ, Office No. 302-3rd Floor-Plot No. 194, MV Road Junction Western Express Highway, Andheri East Mumbai - 400069

Phone: 1800-208-4499 / 1800-200-4499

Fax: 022-56578181

Website: https://www.dspim.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: enq[email protected]

Website: www.camsonline.com

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