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Unrated

DSP Arbitrage Fund - Regular Plan


1 Lakh

Investment Grown to
₹ 1.06 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.24 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 0.35 0.03 0.04 0.39 1.20 2.71 6.35 -- -- -- --
CCIL T Bill Liquidity Weight 0.19 0.03 0.02 0.25 0.81 1.86 4.19 -- -- -- --
Hybrid: Arbitrage 0.32 0.03 0.05 0.36 1.07 2.48 5.78 -- -- -- --
Rank within category 3 16 18 6 6 3 1 -- -- -- --
Number of funds in category 24 24 24 24 24 23 21 17 15 10 9

As on 20-Jan-2020

Best & Worst Performance

Best (Period) Worst (Period)
Week -- ( - ) -- ( - )
Month 0.87 (12-Apr-2019 - 13-May-2019) 0.14 (28-Nov-2018 - 28-Dec-2018)
Quarter 2.19 (09-Apr-2019 - 09-Jul-2019) 1.08 (01-Mar-2018 - 31-May-2018)
Year 6.92 (21-Aug-2018 - 22-Aug-2019) 5.63 (01-Mar-2018 - 01-Mar-2019)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund -- -- -- -- -- --
CCIL T Bill Liquidity Weight* 4.08 0.26 -10.52 -- -- --
Hybrid: Arbitrage* 5.54 0.70 -0.02 0.03 0.57 0.75
Rank within category -- -- -- -- -- --
Number of funds in category -- -- -- -- -- --

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

As on

* As on 31-Dec-2019

Asset Allocation (%)

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Concentration & Valuation

Number of Stocks 88
Top 10 Holdings (%) 39.95
Top 5 Holdings (%) 27.05
Top 3 Sectors (%) 0.00
Portfolio P/B Ratio 2.34
Portfolio P/E Ratio 22.90

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 8.71% HDB Financial Services 17/05/2021 Bonds/NCDs AAA 0.00 - 6.54 5.25
new 8.53% Power Finance Corp. 24/07/2020 Bonds/Debentures AAA 0.00 - 2.57 2.57
equal 8.80% LIC Housing Fin. 24/12/2020 Debenture AAA 0.00 - 5.42 2.50
equal 6.99% HDFC 25/11/2021 Non Convertible Debenture AAA 0.00 - 2.69 2.46
equal Bajaj Finance 365-D 17/06/2020 Commercial Paper A1+ 0.00 - 3.42 2.38
equal Punjab National Bank 366-D 01/10/2020 Fixed Deposits Unrated 0.00 - 1.86 1.49
equal Punjab National Bank 366-D 31/10/2020 Fixed Deposits Unrated 0.00 - 1.72 1.38
equal HDFC Bank 95-D 14/01/2020 Fixed Deposits Unrated 0.00 - 1.30 1.04
equal HDFC Bank 95-D 10/01/2020 Fixed Deposits Unrated 0.00 - 1.30 1.04
equal Punjab National Bank 366-D 19/09/2020 Fixed Deposits Unrated 0.00 - 1.43 0.99
equal Punjab National Bank 366-D 25/09/2020 Fixed Deposits Unrated 0.00 - 1.43 0.99
equal Punjab National Bank 366-D 25/10/2020 Fixed Deposits Unrated 0.00 - 1.23 0.99
new Axis Bank 95-D 04/02/2020 Fixed Deposits Unrated 0.00 - 0.97 0.97
equal Axis Bank 95-D 21/01/2020 Fixed Deposits Unrated 0.00 - 1.22 0.97
equal Punjab National Bank 366-D 24/10/2020 Fixed Deposits Unrated 0.00 - 0.98 0.79
new ICICI Bank 366-D 11/11/2020 Fixed Deposits Unrated 0.00 - 0.49 0.49
equal Axis Bank 391-D 08/10/2020 Fixed Deposits Unrated 0.00 - 0.71 0.49
equal Axis Bank 391-D 07/10/2020 Fixed Deposits Unrated 0.00 - 0.71 0.49
new ICICI Bank 367-D 09/11/2020 Fixed Deposits Unrated 0.00 - 0.49 0.49
new ICICI Bank 393-D 20/01/2021 Fixed Deposits Unrated 0.00 - 0.20 0.20
new ICICI Bank 395-D 14/01/2021 Fixed Deposits Unrated 0.00 - 0.20 0.20
new ICICI Bank 395-D 11/01/2021 Fixed Deposits Unrated 0.00 - 0.20 0.20
new ICICI Bank 393-D 05/01/2021 Fixed Deposits Unrated 0.00 - 0.20 0.20
new ICICI Bank 392-D 13/01/2021 Fixed Deposits Unrated 0.00 - 0.20 0.20
new ICICI Bank 396-D 18/01/2021 Fixed Deposits Unrated 0.00 - 0.20 0.20

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
up Reliance Industries Energy 22.39 8.48 0.00 8.48
up HDFC Bank Financial 26.16 6.85 0.00 6.85
down HDFC Financial 34.97 7.10 0.00 3.77
up Bharti Airtel Communication -- 5.96 0.00 2.70
up Hindustan Unilever FMCG 67.81 2.69 0.00 2.69
equal Tata Consultancy Services Technology 25.12 2.78 0.00 2.68
up ITC FMCG 21.41 3.40 0.00 2.31
up Grasim Industries Construction 11.72 3.70 0.00 1.92
up GMR Infrastructure Construction -- 3.60 0.00 1.65
up Voltas Cons Durable 47.11 1.58 0.00 1.58
up Maruti Suzuki India Automobile 37.00 2.37 0.00 1.47
up State Bank of India Financial 27.69 1.96 0.00 1.44
equal Container Corp. Services 63.02 1.52 0.00 1.37
equal Bajaj Finance Financial 50.59 1.36 0.00 1.29
down Punjab National Bank Financial -- 4.69 0.00 1.27
up Indusind Bank Financial 20.50 2.04 0.00 1.20
up Adani Ports and Special Economic Zone Services 16.18 1.18 0.00 1.18
up Ultratech Cement Construction 40.12 1.89 0.00 1.18
up JSW Steel Metals 9.73 1.92 0.00 1.13
equal ACC Construction 15.30 2.44 0.00 0.92
up Max Financial Services Financial 79.74 0.84 0.00 0.84
up Dish TV India Services -- 3.07 0.00 0.83
up Axis Bank Financial 46.11 2.43 0.00 0.80
up Mahindra & Mahindra Automobile 12.93 1.49 0.00 0.77
up Tata Power Energy 26.88 0.76 0.00 0.74

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-2019

Fund Manager

— M Suryanarayanan since 01-Sep-2018

Education: M Suryanarayanan is a graduate from IIM Ahemdabad and a CFA holder also a second level candiadate of CAIA.

Experience: He has been working with DSP mutual fund from last 4 years, before joining DSPBR he worked with Anand Rathi Securities for 3 Years.

Funds Managed:

— Rahul Vekaria since 15-Jan-2018

Education: Mr. Vakaria is CA and pursuing CFA Level II.

Experience: Prior to joining DSP Mutual Fund he has worked with Axis mutual Fund as a Fund Manager.

Funds Managed:


0.03%

Change from previous, NAV as on 20-Jan-2020

Growth: ₹ 11.2590

Dividend Monthly: ₹ 10.4710

Dividend: ₹ 11.1100


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

Minimum Investment (₹) 500
Minimum Addl Investment (₹) 500
Minimum SIP Investment (₹) 500
Minimum No of Cheques 6
Minimum Withdrawal (₹) --
Minimum Balance (₹) 500
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: 6.15%
Benchmark: NIFTY 50 Arbitrage
Riskometer: Moderately Low
Type: Open-ended
Assets: ₹ 1,020 Cr (As on 31-Dec-2019)
Expense: 0.90% (As on 31-Dec-2019)
Risk Grade: --
Return Grade: --
Turnover: 677.00%

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Monthly14-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
 26-Apr-20180.0266
 27-Mar-20180.0300
 28-Feb-20180.0220
Dividend28-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: 022-66178000

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: [email protected]

Website: www.camsonline.com

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