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SBI Arbitrage Opportunities Fund

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Hybrid: Arbitrage

1 Lakh

Investment Grown to
₹ 1.18 Lakh

₹ 10000

Monthly SIP Grown to
₹ 3.90 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.

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Annual Returns
Quarterly Returns
Monthly Returns
Weekly Returns

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(₹)
cal
cal

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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 2.28 0.16 -0.06 0.23 0.58 2.04 5.03 5.80 5.79 6.65 7.22
CCIL T Bill Liquidity Weight 2.02 0.02 0.05 0.25 0.87 1.95 4.02 4.18 4.33 4.71 4.78
Hybrid: Arbitrage 2.41 0.11 -0.06 0.22 0.79 2.18 5.06 5.62 5.94 6.69 7.18
Rank within category 16 1 16 14 21 16 14 12 13 7 4
Number of funds in category 24 26 26 25 25 24 23 17 15 10 9

As on 03-Jul-2020

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
SBI Arbitrage Opportunities Fund  | Invest Online
2 star
 Nov-06 5.03 5.80 5.79 0.90 5,200
Kotak Equity Arbitrage Fund Regular Plan  | Invest Online
5 star
 Sep-05 5.51 6.06 6.13 0.98 14,663
Nippon India Arbitrage Fund  | Invest Online
5 star
 Oct-10 5.54 6.18 6.15 1.02 7,944
Aditya Birla Sun Life Arbitrage Fund  | Invest Online
4 star
 Jul-09 5.52 5.93 5.97 0.90 4,182
Edelweiss Arbitrage Fund - Regular Plan  | Invest Online
5 star
 Jun-14 5.78 6.10 6.18 1.09 3,569

Best & Worst Performance

Best (Period) Worst (Period)
Week 1.12 (15-Jan-2008 - 22-Jan-2008) -0.55 (29-May-2020 - 05-Jun-2020)
Month 1.84 (24-Dec-2007 - 23-Jan-2008) -0.33 (29-May-2020 - 29-Jun-2020)
Quarter 3.24 (07-Mar-2012 - 07-Jun-2012) 0.41 (16-Mar-2020 - 15-Jun-2020)
Year 11.00 (22-Jan-2007 - 22-Jan-2008) 3.55 (06-Jul-2009 - 06-Jul-2010)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 5.68 0.73 0.52 0.68 0.60 1.12
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 12 13 12 12 15 5
Number of funds in category 17 17 17 17 17 17

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

As on 30-Jun-2020

Asset Allocation (%)

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Concentration & Valuation

Number of Stocks 67
Top 10 Holdings (%) 40.32
Top 5 Holdings (%) 25.27
Top 3 Sectors (%) 0.31
Portfolio P/B Ratio 1.90
Portfolio P/E Ratio 18.08

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 8.75% Muthoot Finance 24/06/2020 Debenture AA 0.00 - 3.58 3.02
equal 7.00% GOI 21/01/2021 GOI Securities SOV 0.00 - 2.15 1.96
equal 6.87% Federal Bank 366-D Term Deposits -- 0.00 - 2.00 1.82
new 8.70% HDFC 15/12/2020 Debenture AAA 0.00 - 1.47 1.47
new 7.55% REC 26/09/2020 Debenture AAA 0.00 - 1.07 1.07
equal 8.48% M&M Financial Services 20/10/2020 Debenture AAA 0.00 - 1.14 0.97
equal 6.93% Federal Bank 366-D Term Deposits -- 0.00 - 1.14 0.96
new 6.55% Federal Bank 369-D Term Deposits -- 0.00 - 0.96 0.96
equal 6.87% Federal Bank 376-D Term Deposits -- 0.00 - 1.14 0.96
new 7.71% AU Small Finance Bank 386-D Term Deposits -- 0.00 - 0.96 0.96
equal Bharti Hexacom 235-D 15/09/2020 Commercial Paper A1+ 0.00 - 1.10 0.95
equal 6.81% AU Small Finance Bank 399-D Term Deposits -- 0.00 - 0.84 0.76
equal 8.29% AU Small Finance Bank 371-D Term Deposits -- 0.00 - 0.68 0.58
equal 8.07% AU Small Finance Bank 378-D Term Deposits -- 0.00 - 0.68 0.58
equal 6.24% Federal Bank 366-D Term Deposits -- 0.00 - 0.68 0.58
equal 5.65% ICICI Bank 370-D Term Deposits -- 0.00 - 0.52 0.48
equal 6.87% Federal Bank 367-D Term Deposits -- 0.00 - 0.57 0.48
new 5.65% Axis Bank 371-D Term Deposits -- 0.00 - 0.48 0.48
new 5.65% Axis Bank 366-D Term Deposits -- 0.00 - 0.48 0.48
equal 5.65% ICICI Bank 381-D Term Deposits -- 0.00 - 0.52 0.48
equal 6.99% Federal Bank 639-D Term Deposits -- 0.00 - 0.57 0.48
new 6.55% Federal Bank 367-D Term Deposits -- 0.00 - 0.48 0.48
new 7.60% AU Small Finance Bank 409-D Term Deposits -- 0.00 - 0.38 0.38
new 7.60% AU Small Finance Bank 408-D Term Deposits -- 0.00 - 0.38 0.38
new 7.60% AU Small Finance Bank 398-D Term Deposits -- 0.00 - 0.38 0.38

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 Reliance Industries Energy 30.71 10.62 0.00 8.81
up HDFC Financial 15.26 7.39 0.00 5.47
up Bharti Airtel Communication -- 3.99 0.00 3.99
up State Bank of India Financial 8.34 4.74 0.00 3.52
equal ITC FMCG 16.65 3.58 0.00 3.48
new Hindustan Unilever FMCG 75.58 3.46 0.00 3.46
up Dr. Reddy's Lab Healthcare 32.17 3.46 0.00 3.27
up Axis Bank Financial 65.25 3.89 0.00 2.92
up Sun Pharmaceutical Inds. Healthcare 30.39 3.28 0.00 2.38
up Larsen & Toubro Construction 13.89 1.67 0.00 1.67
up ICICI Bank Financial 24.44 4.00 0.00 1.53
up Grasim Industries Construction 9.34 2.51 0.00 1.33
up Ultratech Cement Construction 19.29 1.68 0.00 1.31
down Asian Paints Chemicals 60.14 2.11 0.00 1.21
down Adani Ports and Special Economic Zone Services 19.46 1.83 0.00 1.09
equal Maruti Suzuki India Automobile 31.58 3.59 0.00 1.04
up Cipla Healthcare 33.31 1.00 0.00 1.00
equal Ambuja Cements Construction 18.06 0.98 0.00 0.95
equal JSW Steel Metals 11.45 1.44 0.10 0.76
up Mahindra & Mahindra Automobile 518.96 1.08 0.00 0.67
equal HCL Technologies Technology 14.21 0.83 0.00 0.65
up Dabur India FMCG 57.14 0.75 0.00 0.63
down Petronet LNG Energy 15.14 1.27 0.00 0.58
equal Pidilite Industries Chemicals 63.26 1.16 0.00 0.56
down Vedanta Metals -- 3.01 0.00 0.55

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-May-2020

Fund Manager

— Neeraj Kumar since 05-Oct-2012

Education: Mr.Kumar is a B.Com(H) and ACA.

Experience: Prior to joining SBI AMC he has worked with SBI Funds Management Pvt. Ltd. and LIC.

Funds Managed:

— Rajeev Radhakrishnan since 25-Jan-2020

Education: Mr. Radhakrishnan is B.E (Production), MMS (Finance) and CFA.

Experience: Prior to joining SBI AMC he has worked with UTI Asset Management Company Ltd.

Funds Managed:

Invest Online
0.16%

Change from previous, NAV as on 03-Jul-2020

Growth: ₹ 25.6893

Dividend: ₹ 13.5096

Investment Strategy

The scheme will invest 65 to 85 per cent of its assets in equities and equity derivatives and the rest in debt and money market instruments. It will invest in stocks and would offset its investment in stocks by simultaneous equivalent investment in equity derivatives.

Investment Details

Minimum Investment (₹) 5,000
Minimum Addl Investment (₹) 1,000
Minimum SIP Investment (₹) 500
Minimum No of Cheques 12
Minimum Withdrawal (₹) 500
Minimum Balance (₹) 1,000
Exit Load 0.25% for redemption within 30 days

Basic Details

Fund House: SBI Mutual Fund
Launch Date: 03-Nov-2006
Return Since Launch: 7.14%
Benchmark: NIFTY 50 Arbitrage
Riskometer: Moderately Low
Type: Open-ended
Assets: ₹ 5,200 Cr (As on 31-May-2020)
Expense: 0.90% (As on 31-May-2020)
Risk Grade: Above Average
Return Grade: Average
Turnover: 54.00%

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend27-Mar-20200.0620

 28-Feb-20200.0620
 31-Jan-20200.0620
 27-Dec-20190.0620
 29-Nov-20190.0531
 25-Oct-20190.0531
 27-Sep-20190.0531
 30-Aug-20190.0531
 26-Jul-20190.0531
 28-Jun-20190.0531
 31-May-20190.0531
 26-Apr-20190.0531
 29-Mar-20190.0531
 27-Feb-20190.0531
 25-Jan-20190.0531
 28-Dec-20180.0531
 30-Nov-20180.0531
 26-Oct-20180.0531
 28-Sep-20180.0531
 31-Aug-20180.0531
 27-Jul-20180.0531
 29-Jun-20180.0531
 30-May-20180.0531
 25-Apr-20180.0531
 23-Mar-20180.0600

Contact Information

AMC: SBI Funds Management Ltd

Address: 9th Floor-Crescenzo, C-38 & 39- G Block, Bandra-Kurla Complex, Bandra (East) Mumbai - 400051

Phone: 022-61793000 / 1800-425-5425

Fax: 022-22189663

Email: [email protected]

Website: http://www.sbimf.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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