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3 star

DSP 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 3.27 0.07 0.11 0.27 0.85 2.02 4.06 5.39 -- -- --
CCIL T Bill Liquidity Weight 1.64 0.03 0.00 0.11 0.53 1.08 2.06 3.34 -- -- --
Hybrid: Arbitrage 3.29 0.06 0.10 0.30 0.83 1.96 4.04 5.11 -- -- --
Rank within category 19 15 10 16 15 16 19 9 -- -- --
Number of funds in category 26 26 26 26 26 26 26 19 16 14 0

As on 22-Oct-2021

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
DSP Arbitrage Fund - Direct Plan  | Invest Online
3 star
Jan-18 4.06 5.39 -- 0.36% 1,858
Kotak Equity Arbitrage Fund - Direct Plan  | Invest Online
4 star
Jan-13 4.56 5.43 5.94 0.44% 25,000
Nippon India Arbitrage Fund - Direct Plan
5 star
Jan-13 4.47 5.57 6.11 0.34% 12,451
Aditya Birla Sun Life Arbitrage Fund - Direct Plan  | Invest Online
4 star
Jan-13 4.55 5.45 5.92 0.31% 8,675
Edelweiss Arbitrage Fund - Direct Plan  | Invest Online
5 star
Jun-14 4.54 5.68 6.12 0.39% 6,206

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 0.68 25-Mar-2020 - 01-Apr-2020 -0.50 29-May-2020 - 05-Jun-2020
Month 0.99 25-Mar-2020 - 24-Apr-2020 -0.20 29-May-2020 - 29-Jun-2020
Quarter 2.34 09-Apr-2019 - 09-Jul-2019 0.17 29-May-2020 - 28-Aug-2020
Year 7.56 21-Aug-2018 - 22-Aug-2019 3.32 29-May-2020 - 31-May-2021

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 5.32 0.82 1.69 2.49 0.90 1.93
CCIL T Bill Liquidity Weight 3.34 0.40 -1.54 -3.94 -- --
Hybrid: Arbitrage 5.08 0.81 1.43 2.12 0.86 1.66
Rank within category 11 13 11 11 12 10
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-Sep-2021

Asset Allocation (%)

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Concentration & Valuation

Number of Stocks 114
Top 10 Holdings (%) 45.22
Top 5 Holdings (%) 30.15
Top 3 Sectors (%) --
Portfolio P/B Ratio 2.09
Portfolio P/E Ratio 16.94
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 0.00 - 9.57 9.07
equal 8.20% GOI 15/02/2022 Central Government Loan SOV 0.00 - 14.57 8.84
equal 5.09% GOI 13/04/2022 GOI Securities SOV 0.00 - 5.89 4.44
equal 8.35% GOI 2022 GOI Securities SOV 0.00 - 2.66 2.28
equal Reserve Bank of India 364-D 17/03/2022 Treasury Bills SOV 0.00 - 1.37 1.32
new Reserve Bank of India 364-D 30/03/2022 Treasury Bills SOV 0.00 - 0.26 0.26

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 Adani Enterprises Services 145.68 5.72 0.00 4.37
down ICICI Bank Financial 26.31 8.38 0.00 3.43
up Vedanta Metals 8.15 6.50 0.00 3.31
up Adani Ports and Special Economic Zone Services 28.06 3.35 0.00 3.17
up Bajaj Finance Financial 104.39 4.34 0.00 3.08
down Reliance Industries Energy 34.00 8.48 0.74 2.99
up Jindal Steel & Power Metals 12.41 4.24 0.00 2.51
equal JSW Steel Metals 8.09 2.57 0.00 2.41
up Piramal Enterprises Healthcare 44.91 2.69 0.00 2.29
equal Tata Steel Metals 7.50 3.29 0.00 2.21
up HDFC Financial 26.03 7.06 0.00 2.01
equal Aurobindo Pharma Healthcare 7.65 4.65 0.00 1.92
up Punjab National Bank Financial 15.16 3.45 0.00 1.86
down State Bank of India Financial 17.95 2.48 0.00 1.75
down Indusind Bank Financial 27.01 8.41 0.00 1.36
up SAIL Metals 5.19 2.94 0.00 1.30
up Axis Bank Financial 29.64 3.25 0.00 1.23
equal Bharat Petroleum Corporation Energy 5.71 1.72 0.00 1.22
up HDFC Asset Management Company Financial 43.32 1.21 0.00 1.21
up Tata Power Company Energy 54.11 1.21 0.00 1.21
up Tata Consultancy Services Technology 35.39 2.78 0.00 1.12
equal The Federal Bank Financial 12.27 2.03 0.00 1.05
up Maruti Suzuki India Automobile 43.62 2.37 0.00 0.98
up Bank of Baroda Financial 14.33 1.63 0.00 0.93
new Interglobe Aviation Services -- 1.01 0.00 0.88

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-Sep-2021

Fund Manager

— Aayush Ganeriwala since 01-Jan-2021

Education: Mr. Ganeriwala is a B.Com (H), CA, CS, CFA (US), FRM, PGDM (IIM L).

Experience: Prior to joining as fund manager, he was working as DSPIM - Oil & Gas and Metals analyst.

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:


0.07%

Change from previous, NAV as on 22-Oct-2021

Growth: ₹ 12.2730

IDCW Monthly: ₹ 11.0930

IDCW: ₹ 10.7720


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 12
Minimum Withdrawal (₹) --
Minimum 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: 5.63%
Benchmark: NIFTY 50 Arbitrage TRI
Riskometer: Low
Type: Open-ended
Assets: ₹ 1,858 Cr (As on 30-Sep-2021)
Expense: 0.36% (As on 30-Sep-2021)
Risk Grade: Average
Return Grade: Average
Turnover: 1,018.00%

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW23-Mar-20201.0400

 28-Mar-20190.1620
 19-Mar-20180.0300
IDCW Monthly23-Mar-20200.2200

 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-20180.0354
 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-20180.0240

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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