VR Logo

Unrated

BOI AXA Arbitrage Fund - Regular Plan


Hybrid: Arbitrage

1 Lakh

Investment Grown to
₹ 1.04 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.22 Lakh

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.

Read more

ajax-loader
Please wait...

ajax-loader
Please wait...

(₹)
cal
cal

ajax-loader
Please wait...

Trailing Returns (%)

YTD 1-Day 1-W 1-M 3-M 6-M 1-Y 3-Y 5-Y 7-Y 10-Y
Fund 1.94 0.05 -0.04 0.14 0.65 1.64 3.93 -- -- -- --
CCIL T Bill Liquidity Weight 2.07 0.03 0.05 0.26 0.89 1.91 3.96 -- -- -- --
Hybrid: Arbitrage 2.32 0.06 -0.09 0.10 0.70 2.04 4.70 -- -- -- --
Rank within category 20 15 1 10 15 20 20 -- -- -- --
Number of funds in category 24 26 26 25 25 24 23 17 15 10 9

As on 10-Jul-2020

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
Unrated
Jun-18 3.93 -- -- 1.00 25
Kotak Equity Arbitrage Fund Regular Plan  | Invest Online
5 star
Sep-05 5.12 5.98 6.11 0.98 15,853
Nippon India Arbitrage Fund  | Invest Online
5 star
Oct-10 5.17 6.11 6.13 1.02 7,944
Aditya Birla Sun Life Arbitrage Fund  | Invest Online
4 star
Jul-09 5.16 5.86 5.94 0.90 4,387
Edelweiss Arbitrage Fund - Regular Plan  | Invest Online
5 star
Jun-14 5.43 6.03 6.17 1.09 3,569

Best & Worst Performance

Best (Period) Worst (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) 0.52 (16-Mar-2020 - 15-Jun-2020)
Year 6.13 (17-Aug-2018 - 19-Aug-2019) 4.12 (02-Jul-2019 - 01-Jul-2020)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund -- -- -- -- -- --
CCIL T Bill Liquidity Weight* 4.07 0.28 -4.34 -7.86 -- --
Hybrid: Arbitrage* 5.52 0.84 0.51 0.74 0.48 0.81
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 30-Jun-2020

Asset Allocation (%)

ajax-loader
Please wait...

Concentration & Valuation

Number of Stocks 42
Top 10 Holdings (%) 57.83
Top 5 Holdings (%) 45.91
Top 3 Sectors (%) 0.13
Portfolio P/B Ratio 1.45
Portfolio P/E Ratio 14.31

Value Research Equity Fund Style

Value Research Debt Fund Style*

Credit Rating vis-à-vis Category

ajax-loader
Please wait...

Top Debt Holdings

Company Instrument Credit Rating 1Y Range % Assets
equal 6.00% Axis Bank 22/09/2020 Fixed Deposits -- 0.00 - 20.01 20.01
equal 6.40% HDFC Bank 17/10/2020 Fixed Deposits -- 0.00 - 12.84 12.84

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

ajax-loader
Please wait...

Top Equity Holdings

Company Sector P/E 3Y High 3Y Low % Assets
down Reliance Industries Energy 32.28 8.60 0.00 5.26
equal Bharti Airtel Communication -- 5.46 0.00 4.22
down DLF Construction -- 8.85 0.00 3.58
equal Power Finance Corp. Financial 3.10 2.76 0.00 2.76
equal Adani Ports and Special Economic Zone Services 18.09 4.16 0.00 2.45
down Vedanta Metals -- 5.28 0.00 2.42
down Grasim Industries Construction 9.09 2.96 0.00 2.16
equal Tech Mahindra Technology 13.62 5.00 0.00 2.13
equal Siemens Engineering 39.51 1.97 0.00 1.97
new National Aluminium Metals 49.85 1.77 0.00 1.77
up HDFC Financial 15.26 12.82 0.00 1.72
new Britannia Inds. FMCG 63.92 4.52 0.00 1.47
equal Power Grid Corporation Energy 9.63 1.43 0.00 1.43
up Federal Bank Financial 6.87 1.41 0.00 1.41
equal Jindal Steel & Power Metals -- 2.85 0.00 1.32
new Tata Consumer Products FMCG 85.74 4.74 0.00 1.28
equal Ultratech Cement Construction 18.86 1.27 0.00 1.27
up Sun TV Network Services 11.07 5.34 0.00 1.23
new SBI Life Insurance Company Financial 60.46 1.23 0.00 1.23
new United Spirits FMCG 70.14 2.72 0.00 1.21
new Colgate-Palmolive FMCG 46.36 2.64 0.00 1.20
new Pidilite Industries Chemicals 62.94 2.56 0.00 1.12
up Divi's Laboratories Healthcare 42.49 1.89 0.00 1.11
new NTPC Energy 13.29 2.27 0.00 1.11
new NMDC Metals 7.22 1.11 0.00 1.11

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-Jun-2020

*As on 31-May-2020

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:


0.05%

Change from previous, NAV as on 10-Jul-2020

Growth: ₹ 11.0448

Dividend Yearly: ₹ 10.1756

More

Dividend Quarterly: ₹ 10.5618

Dividend Monthly: ₹ 10.0089


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 (₹) --
Minimum No of Cheques --
Minimum Withdrawal (₹) 1,000
Minimum Balance (₹) --
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: 4.93%
Benchmark: NIFTY 50 Arbitrage
Riskometer: Moderately Low
Type: Open-ended
Assets: ₹ 25 Cr (As on 30-Jun-2020)
Expense: 1.00% (As on 31-May-2020)
Risk Grade: --
Return Grade: --
Turnover: --

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend 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
Dividend Quarterly26-Mar-20200.1255

 26-Dec-20190.0554
 25-Sep-20190.1328
 25-Mar-20190.0518
 26-Dec-20180.0411
Dividend 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

Upcoming Video

VR Helpline

Investing rationally when markets are irrational.

dateSaturday, 11-Jul-2020
time04:00 PM - 04:30 PM