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2 star

BOI AXA Arbitrage Fund - Regular Plan


Hybrid: Arbitrage

1 Lakh

Investment Grown to
₹ 1.11 Lakh

₹ 10000

Monthly SIP Grown to
₹ 3.76 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 2.14 -0.01 0.05 0.25 0.45 1.08 2.32 3.61 -- -- --
CCIL T Bill Liquidity Weight 1.85 0.02 0.06 0.18 0.45 1.07 1.97 3.22 -- -- --
Hybrid: Arbitrage 3.27 -0.01 0.06 0.35 0.72 1.75 3.61 4.44 -- -- --
Rank within category 26 14 15 24 23 26 26 17 -- -- --
Number of funds in category 26 26 26 26 26 26 26 19 16 14 10

As on 30-Nov-2021

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
BOI AXA Arbitrage Fund - Regular Plan  | Invest Online
2 star
Jun-18 2.32 3.61 -- 1.03% 19
Kotak Equity Arbitrage Fund Regular Plan  | Invest Online
5 star
Sep-05 4.16 4.83 5.36 1.00% 24,430
Aditya Birla Sun Life Arbitrage Fund  | Invest Online
4 star
Jul-09 4.10 4.76 5.23 0.99% 8,942
UTI Arbitrage Fund - Regular Plan  | Invest Online
4 star
Jun-06 4.10 4.85 5.32 0.94% 6,067
Edelweiss Arbitrage Fund - Regular Plan  | Invest Online
5 star
Jun-14 4.05 4.89 5.37 1.10% 6,017

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 0.48 25-Mar-2020 - 01-Apr-2020 -0.46 17-Mar-2020 - 24-Mar-2020
Month 0.89 05-Apr-2019 - 07-May-2019 -0.14 17-Mar-2020 - 16-Apr-2020
Quarter 1.86 05-Apr-2019 - 05-Jul-2019 0.18 29-May-2020 - 28-Aug-2020
Year 6.13 17-Aug-2018 - 19-Aug-2019 1.89 30-Oct-2020 - 01-Nov-2021

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 3.60 0.73 -0.36 -0.63 0.82 0.24
CCIL T Bill Liquidity Weight 3.25 0.40 -1.53 -4.22 -- --
Hybrid: Arbitrage 4.39 0.80 0.68 0.99 0.81 1.02
Rank within category 17 1 18 18 10 17
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 31-Oct-2021

Asset Allocation (%)

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Concentration & Valuation

Number of Stocks 23
Top 10 Holdings (%) 62.36
Top 5 Holdings (%) 43.77
Top 3 Sectors (%) 0.02
Portfolio P/B Ratio 3.61
Portfolio P/E Ratio 25.70
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 Reserve Bank of India 364-D 24/03/2022 Treasury Bills SOV 0.00 - 15.41 15.41
equal Reserve Bank of India 364-D 06/01/2022 Treasury Bills SOV 0.00 - 11.38 11.38

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 Tata Power Company Energy 47.65 9.04 0.00 6.13
up SRF Diversified 40.31 5.95 0.00 5.61
equal Hindalco Inds. Metals 9.25 5.53 0.00 5.24
equal Siemens Engineering 69.93 4.56 0.00 4.46
equal HDFC Asset Management Company Financial 39.53 4.29 0.00 3.93
equal Adani Ports and Special Economic Zone Services 27.35 4.16 0.00 3.67
equal ICICI Bank Financial 23.36 6.19 0.00 3.51
new Reliance Industries Energy 31.15 8.60 0.00 3.02
equal JSW Steel Metals 7.37 2.91 0.00 2.87
equal Colgate-Palmolive FMCG 36.51 3.09 0.00 2.86
new Tata Consultancy Services Technology 35.72 8.65 0.00 2.70
equal Exide Industries Engineering 17.46 2.71 0.00 2.64
equal Balkrishna Industries Automobile 29.49 2.67 0.00 2.61
equal Mahanagar Gas Energy 10.74 2.74 0.00 2.55
up State Bank of India Financial 14.35 7.68 0.00 2.40
down Sun Pharmaceutical Industries Healthcare 29.00 8.12 0.00 2.36
new Ashok Leyland Automobile -- 2.04 0.00 2.04
new Cipla Healthcare 30.28 3.05 0.00 1.87
equal HDFC Financial 23.44 12.82 0.00 1.81
new Lupin Healthcare -- 2.88 0.00 1.25
equal Bharat Forge Automobile 76.23 1.61 0.00 1.22
equal Godrej Consumer Products FMCG 53.84 1.72 0.00 1.01
equal Multi Commodity Exchange Of India Services 44.65 4.07 0.00 0.32

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

— Ajay Khandelwal since 31-May-2018

Education: Mr. Khandelwal is MBA & Bachelor of Engineering.

Experience: Prior to joining with BOI AXA Mutual Fund, he has worked with B&K Securities & Infosys

Funds Managed:


-0.01%

Change from previous, NAV as on 30-Nov-2021

Growth: ₹ 11.4193

IDCW Yearly: ₹ 10.5451

More

IDCW Quarterly: ₹ 10.9224

IDCW Monthly: ₹ 10.3483


Investment Strategy

The scheme seeks to generate income through arbitrage opportunities between cash and derivative segments of the equity market and arbitrage opportunities within the derivative segment and by deployment of surplus cash in debt securities and money market instruments.

Investment Details

Minimum Investment (₹) 5,000
Minimum Addl Investment (₹) 1,000
Minimum SIP Investment (₹) 1,000
Minimum No of Cheques 6
Minimum Withdrawal (₹) 1,000
Minimum Balance (₹) --
Lock-in Period Not Applicable
Exit Load For units in excess of 10% of the investment,0.5% will be charged for redemption within 30 days

Basic Details

Fund House: BOI AXA Mutual Fund
Launch Date: 18-Jun-2018
Return Since Launch: 3.92%
Benchmark: NIFTY 50 Arbitrage TRI
Riskometer: Low
Type: Open-ended
Assets: ₹ 19 Cr (As on 31-Oct-2021)
Expense: 1.03% (As on 31-Oct-2021)
Risk Grade: Above Average
Return Grade: Below Average
Turnover: --

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Monthly26-May-20200.0435

 27-Apr-20200.0539
 26-Mar-20200.0071
 25-Feb-20200.1148
 26-Dec-20190.0184
 25-Oct-20190.0315
 25-Sep-20190.0597
 25-Jul-20190.1890
 25-Jun-20190.0876
 25-Feb-20190.1061
 25-Oct-20180.1644
 25-Jul-20180.0157
IDCW Quarterly26-Mar-20200.1255

 26-Dec-20190.0554
 25-Sep-20190.1328
 25-Mar-20190.0518
 26-Dec-20180.0411
IDCW Yearly26-Mar-20200.1050

 26-Dec-20190.0527
 25-Sep-20190.3280
 25-Jun-20190.3020

Contact Information

AMC: BOI AXA Investment Managers Private Ltd.

Address: B/204-Tower 1, Peninsula Corporate Park, Ganpatrao Kadam Marg, Lower Parel, Mumbai - 400013

Email: [email protected]

Website: http://www.boiaxamf.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

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