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2 star

SBI Arbitrage Opportunities Fund


Hybrid: Arbitrage

1 Lakh

Investment Grown to
₹ 1.17 Lakh

₹ 10000

Monthly SIP Grown to
₹ 3.88 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 2.79 0.07 0.11 0.35 0.59 1.70 4.10 5.51 5.64 6.46 7.13
CCIL T Bill Liquidity Weight 2.49 0.02 0.04 0.19 0.54 1.61 3.46 3.99 4.17 4.65 4.76
Hybrid: Arbitrage 3.04 0.06 0.14 0.37 0.72 2.03 4.40 5.38 5.80 6.52 7.11
Rank within category 18 12 24 19 22 19 18 12 14 8 4
Number of funds in category 24 27 27 27 26 25 24 17 15 10 9

As on 25-Sep-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 4.10 5.51 5.64 0.90 3,755
Kotak Equity Arbitrage Fund Regular Plan  | Invest Online
5 star
Sep-05 4.92 5.80 5.99 1.01 15,000
Nippon India Arbitrage Fund  | Invest Online
4 star
Oct-10 4.93 5.95 6.01 1.02 7,384
Aditya Birla Sun Life Arbitrage Fund  | Invest Online
4 star
Jul-09 4.81 5.68 5.82 0.90 4,099
Edelweiss Arbitrage Fund - Regular Plan  | Invest Online
5 star
Jun-14 5.15 5.85 6.03 1.09 3,501

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) -0.17 (29-May-2020 - 28-Aug-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 5.40 0.82 0.32 0.42 0.92 1.34
CCIL T Bill Liquidity Weight 3.97 0.31 -3.79 -6.90 -- --
Hybrid: Arbitrage 5.25 0.92 0.33 0.48 0.76 1.01
Rank within category 12 15 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 31-Aug-2020

Asset Allocation (%)

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Concentration & Valuation

Number of Stocks 61
Top 10 Holdings (%) 51.68
Top 5 Holdings (%) 36.92
Top 3 Sectors (%) --
Portfolio P/B Ratio 1.99
Portfolio P/E Ratio 21.79
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
down 7.00% GOI 21/01/2021 GOI Securities SOV 0.00 - 9.59 7.42
new Adani Ports and Special Economic Zone 211-D 11/03/2021 Commercial Paper A1+ 0.00 - 2.60 2.60
equal 6.99% Federal Bank 366-D Term Deposits -- 0.00 - 2.53 2.53
equal 8.70% Reliance Industries 15/06/2021 Debenture AAA 0.00 - 1.51 1.51
equal 6.99% Federal Bank 376-D Term Deposits -- 0.00 - 1.34 1.34
equal Bandhan Bank 21/09/2020 Certificate of Deposit A1+ 0.00 - 1.33 1.33
new 6.66% Federal Bank 369-D Term Deposits -- 0.00 - 1.33 1.33
equal 7.04% Federal Bank 366-D Term Deposits -- 0.00 - 1.33 1.33
equal 6.93% AU Small Finance Bank 399-D Term Deposits -- 0.00 - 1.06 1.06
equal 6.34% Federal Bank 366-D Term Deposits -- 0.00 - 0.80 0.80
new 6.66% Federal Bank 367-D Term Deposits -- 0.00 - 0.67 0.67
new 5.73% Axis Bank 371-D Term Deposits -- 0.00 - 0.67 0.67
equal 7.11% Federal Bank 639-D Term Deposits -- 0.00 - 0.67 0.67
equal 6.99% Federal Bank 367-D Term Deposits -- 0.00 - 0.67 0.67
equal 5.73% ICICI Bank 370-D Term Deposits -- 0.00 - 0.66 0.66
new 5.73% Axis Bank 366-D Term Deposits -- 0.00 - 0.66 0.66
equal 5.73% ICICI Bank 381-D Term Deposits -- 0.00 - 0.66 0.66
new 7.74% AU Small Finance Bank 398-D Term Deposits -- 0.00 - 0.53 0.53
new 7.74% AU Small Finance Bank 408-D Term Deposits -- 0.00 - 0.53 0.53
new 7.74% AU Small Finance Bank 409-D Term Deposits -- 0.00 - 0.53 0.53
new 7.74% AU Small Finance Bank 397-D Term Deposits -- 0.00 - 0.53 0.53
down Bharti Hexacom 235-D 15/09/2020 Commercial Paper A1+ 0.00 - 1.18 0.40
new 7.85% AU Small Finance Bank 398-D Term Deposits -- 0.00 - 0.27 0.27

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 Reliance Industries Energy 35.04 10.62 0.00 10.19
down Bharti Airtel Communication -- 9.63 0.00 9.07
equal State Bank of India Financial 7.53 5.60 0.00 5.60
equal Dr. Reddy's Lab Healthcare 43.74 4.64 0.00 4.64
down Axis Bank Financial 75.08 3.89 0.00 3.47
equal ICICI Bank Financial 23.63 4.00 0.00 3.38
up ITC FMCG 14.53 3.58 0.00 2.78
down Sun Pharmaceutical Inds. Healthcare 162.69 3.28 0.00 2.40
equal Grasim Industries Construction 13.60 2.51 0.09 2.22
down HDFC Financial 13.51 7.39 0.00 2.02
up JSW Steel Metals 26.57 1.70 0.39 1.70
equal Zee Entertainment Services 723.02 1.45 0.00 1.45
down Adani Ports and Special Economic Zone Services 18.95 1.83 0.00 1.36
down Ambuja Cements Construction 20.53 1.35 0.00 1.35
equal Muthoot Finance Financial 12.76 1.02 0.00 1.02
down Ultratech Cement Construction 20.89 1.68 0.00 0.97
equal Aurobindo Pharma Healthcare 15.20 2.24 0.24 0.89
down Dabur India FMCG 61.13 1.03 0.00 0.86
equal Indusind Bank Financial 11.01 0.83 0.00 0.83
equal Divi's Laboratories Healthcare 50.92 1.17 0.00 0.80
equal Infosys Technology 25.29 1.48 0.00 0.77
equal Pidilite Industries Chemicals 84.46 0.76 0.00 0.76
down Petronet LNG Energy 12.45 1.27 0.00 0.60
equal DLF Construction -- 0.66 0.00 0.57
equal United Spirits FMCG 172.68 0.57 0.00 0.57

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-Aug-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:


0.07%

Change from previous, NAV as on 25-Sep-2020

Growth: ₹ 25.8175

Dividend: ₹ 13.5770


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: 7.06%
Benchmark: NIFTY 50 Arbitrage
Riskometer: Moderately Low
Type: Open-ended
Assets: ₹ 3,755 Cr (As on 31-Aug-2020)
Expense: 0.90% (As on 31-Aug-2020)
Risk Grade: Above Average
Return Grade: Below Average
Turnover: 66.00%

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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What to do with your multi-cap funds

dateSaturday, 26-Sep-2020
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