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2 star

Bank of India Arbitrage Fund - Direct Plan download report


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
Bank of India Arbitrage Fund Direct-G 1.59 0.04 0.11 0.07 0.65 1.18 2.54 3.46 -- -- --
CCIL T Bill Liquidity Weight 1.21 0.05 0.09 0.28 0.61 1.05 2.04 2.63 -- -- --
Hybrid: Arbitrage 2.25 -0.01 0.15 0.14 0.86 1.77 3.73 4.45 -- -- --
Rank within category 24 1 22 24 24 24 25 21 -- -- --
Number of funds in category 25 26 25 25 25 25 25 22 17 15 0

As on 05-Aug-2022

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
Bank of India Arbitrage Fund - Direct Plan  | Invest Online
2 star
Jun-18 2.54 3.46 -- 0.60 17
Kotak Equity Arbitrage Fund - Direct Plan  | Invest Online
4 star
Jan-13 4.22 4.80 5.61 0.44 25,789
Nippon India Arbitrage Fund - Direct Plan
4 star
Jan-13 4.14 4.80 5.76 0.34 10,809
Tata Arbitrage Fund - Direct Plan  | Invest Online
5 star
Dec-18 3.95 5.07 -- 0.29 8,386
Edelweiss Arbitrage Fund - Direct Plan  | Invest Online
5 star
Jun-14 4.30 4.96 5.76 0.35 6,993

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 0.50 25-Mar-2020 - 01-Apr-2020 -0.45 17-Mar-2020 - 24-Mar-2020
Month 0.96 05-Apr-2019 - 07-May-2019 -0.08 17-Mar-2020 - 16-Apr-2020
Quarter 2.05 05-Apr-2019 - 05-Jul-2019 0.36 02-Aug-2021 - 01-Nov-2021
Year 6.80 17-Aug-2018 - 19-Aug-2019 2.36 29-Jul-2021 - 29-Jul-2022

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Bank of India Arbitrage Fund Direct-G 3.35 0.66 -0.21 -0.34 0.43 0.25
CCIL T Bill Liquidity Weight 2.60 0.34 -2.61 -4.87 -- --
Hybrid: Arbitrage 4.32 0.73 1.12 1.56 0.54 1.31
Rank within category 21 2 21 22 7 21
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 31-Jul-2022

Asset Allocation (%)

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Concentration & Valuation

Number of Stocks 25
Top 10 Holdings (%) 54.22
Top 5 Holdings (%) 35.26
Top 3 Sectors (%) 0.17
Portfolio P/B Ratio 2.52
Portfolio P/E Ratio 14.98
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 182-D 07/07/2022 Treasury Bills SOV 0.00 - 11.80 11.68
equal Reserve Bank of India 182-D 15/09/2022 Treasury Bills SOV 0.00 - 8.48 8.39

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
equal Adani Ports and Special Economic Zone Services 36.19 5.99 0.00 5.40
equal HDFC Bank Financial 19.97 5.39 0.00 5.20
up Multi Commodity Exchange Of India Services 45.26 4.80 0.00 4.59
equal Hindalco Inds. Metals & Mining 6.66 7.31 0.00 4.26
equal State Bank of India Financial 13.41 7.68 0.00 4.09
up JSW Steel Metals & Mining 10.34 4.01 0.00 4.01
equal Siemens Capital Goods 78.85 4.99 0.00 3.47
up Hindustan Unilever Consumer Staples 67.80 4.39 0.00 3.13
up Bajaj Finance Financial 51.28 2.76 0.00 2.76
down Ambuja Cements Materials 32.08 2.96 0.00 2.67
equal Ultratech Cement Materials 27.09 3.36 0.00 2.62
new Tata Steel Metals & Mining 3.36 2.59 0.00 2.59
new MindTree Technology 32.97 2.36 0.00 2.36
up Tata Consumer Products Consumer Staples 77.31 4.74 0.00 2.23
up Marico Consumer Staples 54.13 3.41 0.00 2.01
down IDFC First Bank Financial 21.79 2.37 0.00 1.93
equal Lupin Healthcare -- 2.88 0.00 1.82
equal DLF Construction 55.71 6.12 0.00 1.81
up Interglobe Aviation Services -- 1.80 0.00 1.69
up Granules India Healthcare 18.58 1.88 0.00 1.59
down Dabur India Consumer Staples 58.93 3.27 0.00 1.45
new ICICI Prudential Life Insurance Co. Ltd. Insurance 75.40 1.70 0.00 1.29
down Infosys Technology 30.54 3.04 0.00 1.28
equal ICICI Bank Financial 21.04 6.19 0.00 1.14
down Tata Chemicals Chemicals 19.16 2.90 0.00 0.46

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-2022

Fund Manager

— Alok Singh since 01-Dec-2021

Education: Mr. Singh is a CFA and PGDBA from ICFAI Business School.

Experience: Prior to joining Bank of India AMC he has worked with BNP Paribas Asset Management and Axis Bank

Funds Managed:


0.04%

Change from previous, NAV as on 05-Aug-2022

Growth: ₹ 11.8820

IDCW Yearly: ₹ 10.7540

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IDCW Quarterly: ₹ 11.2966

IDCW Monthly: ₹ 10.7225


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

Min. Investment (₹) 5,000
Min. Addl Investment (₹) 1,000
Min. SIP Investment (₹) 1,000
Min. No of Cheques 6
Min. Withdrawal (₹) 1,000
Min. 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: Bank of India Mutual Fund
Launch Date: 18-Jun-2018
Return Since Launch: 4.26%
Benchmark: NIFTY 50 Arbitrage TRI
Riskometer: Low
Type: Open-ended
Assets: ₹ 17 Cr (As on 30-Jun-2022)
Expense Ratio: 0.60% (As on 30-Jun-2022)
Risk Grade: Above Average
Return Grade: Low
Turnover: --

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Monthly26-May-20200.0501

 27-Apr-20200.0616
 26-Mar-20200.0138
 25-Feb-20200.1280
 27-Jan-20200.0026
 26-Dec-20190.0307
 25-Oct-20190.0330
 25-Sep-20190.0506
 26-Aug-20190.0026
 25-Jul-20190.1879
 25-Jun-20190.0592
 25-Feb-20190.1218
 25-Oct-20180.1728
 25-Jul-20180.0211
IDCW Quarterly26-Mar-20200.1432

 26-Dec-20190.0744
 25-Sep-20190.1236
 25-Mar-20190.0679
 26-Dec-20180.0620
IDCW Yearly26-Mar-20200.1399

 26-Dec-20190.0704
 25-Sep-20190.3453
 25-Jun-20190.1595
 25-Mar-20190.1964

Contact Information

AMC: Bank of India Investment Managers Private Limited

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

Email: [email protected]

Website: https://www.boimf.in/

Registrar & Transfer Agent: KFin Technologies 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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