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SBI Arbitrage Opportunities Fund


1 Lakh

Investment Grown to
₹ 1.19 Lakh

₹ 10000

Monthly SIP Grown to
₹ 3.94 Lakh

Analyst's Choice?

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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(₹)
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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 0.38 0.00 0.13 0.42 1.19 2.67 6.06 5.96 6.24 6.94 7.19
CCIL T Bill Liquidity Weight 0.21 0.04 0.05 0.26 0.84 1.89 4.22 4.14 4.47 4.79 4.69
Hybrid: Arbitrage 0.34 0.00 0.09 0.38 1.15 2.54 5.83 5.74 6.33 6.94 7.13
Rank within category 1 10 3 4 15 14 11 10 13 6 4
Number of funds in category 24 24 24 24 24 23 21 17 15 10 9

As on 22-Jan-2020

Best & Worst Performance

Best (Period) Worst (Period)
Week 1.12 (15-Jan-2008 - 22-Jan-2008) -0.48 (22-Jan-2008 - 29-Jan-2008)
Month 1.84 (24-Dec-2007 - 23-Jan-2008) -0.06 (03-Mar-2009 - 02-Apr-2009)
Quarter 3.24 (07-Mar-2012 - 07-Jun-2012) 0.62 (02-Feb-2009 - 04-May-2009)
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 5.71 0.57 -0.01 -0.02 0.66 1.08
CCIL T Bill Liquidity Weight 4.08 0.26 -10.52 -- -- --
Hybrid: Arbitrage 5.54 0.70 -0.02 0.03 0.57 0.75
Rank within category 10 12 10 10 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-Dec-2019

Asset Allocation (%)

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Concentration & Valuation

Number of Stocks 72
Top 10 Holdings (%) 42.96
Top 5 Holdings (%) 30.40
Top 3 Sectors (%) --
Portfolio P/B Ratio 2.51
Portfolio P/E Ratio 23.49

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 JSW Steel 181-D 11/03/2020 Commercial Paper A1+ 0.00 - 3.41 3.24
equal 8.51% HDFC 15/07/2020 Non Convertible Debenture AAA 0.00 - 2.43 2.37
equal 8.17% Tata Capital Housing Finance 26/06/2020 Bonds/NCDs AAA 0.00 - 2.12 2.07
equal 8.15% National Bank Agr. Rur. Devp 22/08/2022 Debenture AAA 0.00 - 1.95 1.89
equal 7.30% Power Finance Corp. 30/06/2020 Debenture AAA 0.00 - 1.94 1.89
equal 6.98% National Bank Agr. Rur. Devp 30/09/2020 Debenture AAA 0.00 - 1.67 1.63
equal 8.48% M&M Financial Services 20/10/2020 Debenture AAA 0.00 - 0.95 0.95
equal 7.40% HDFC 17/11/2020 Non Convertible Debenture AAA 0.00 - 0.97 0.94
new 6.76% Federal Bank 376-D Term Deposits -- 0.00 - 0.94 0.94
equal 7.44% AU Small Finance Bank 386-D Term Deposits -- 0.00 - 0.94 0.94
new 6.81% Federal Bank 366-D Term Deposits -- 0.00 - 0.94 0.94
equal 6.65% Federal Bank 366-D Term Deposits -- 0.00 - 1.82 0.94
equal 6.35% Federal Bank 369-D Term Deposits -- 0.00 - 0.94 0.94
new Birla Group Holdings 45-D 14/02/2020 Commercial Paper A1+ 0.00 - 0.93 0.93
new L&T Finance Holdings 139-D 11/05/2020 Commercial Paper A1+ 0.00 - 0.92 0.92
new 6.76% Federal Bank 366-D Term Deposits -- 0.00 - 0.84 0.84
equal 6.77% Larsen & Toubro 20/08/2020 Non Convertible Debenture AAA 0.00 - 0.81 0.75
new 9.13% AU Small Finance Bank 375-D Term Deposits -- 0.00 - 0.75 0.75
new 7.90% AU Small Finance Bank 378-D Term Deposits -- 0.00 - 0.56 0.56
new 8.11% AU Small Finance Bank 371-D Term Deposits -- 0.00 - 0.56 0.56
new 6.15% Federal Bank 366-D Term Deposits -- 0.00 - 0.56 0.56
equal 8.70% HDFC 15/12/2020 Debenture AAA 0.00 - 0.48 0.48
new 6.87% Federal Bank 639-D Term Deposits -- 0.00 - 0.47 0.47
new 6.76% Federal Bank 367-D Term Deposits -- 0.00 - 0.47 0.47
equal 6.35% Federal Bank 367-D Term Deposits -- 0.00 - 0.47 0.47

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
up Reliance Industries Energy 22.32 10.27 0.00 8.64
down HDFC Financial 34.55 7.39 0.00 7.14
up HDFC Bank Financial 25.96 10.20 0.00 6.28
up State Bank of India Financial 28.51 4.45 0.00 4.45
up Axis Bank Financial 42.58 3.89 0.00 3.89
equal ITC FMCG 21.06 3.00 0.00 2.87
equal Bajaj Finance Financial 50.33 2.01 0.00 2.01
equal Asian Paints Chemicals 62.69 2.11 0.00 1.77
equal Shriram Transport Finance Financial 8.84 3.10 0.00 1.72
up Sun Pharmaceutical Inds. Healthcare 24.93 3.61 0.00 1.71
equal Adani Ports and Special Economic Zone Services 16.44 1.83 0.00 1.46
up Grasim Industries Construction 12.30 2.51 0.00 1.45
equal Hindustan Unilever FMCG 67.61 1.96 0.00 1.37
equal Larsen & Toubro Construction 19.15 1.32 0.00 1.29
up Ultratech Cement Construction 40.68 1.68 0.00 1.27
equal Dr. Reddy's Lab Healthcare 18.43 1.91 0.00 1.14
up Bharti Airtel Communication -- 1.97 0.00 1.05
up JSW Steel Metals 9.57 1.44 0.00 0.93
down Britannia Inds. FMCG 59.70 1.01 0.00 0.91
equal Ambuja Cements Construction 17.13 0.98 0.00 0.88
up Tata Steel Metals 6.58 2.05 0.00 0.72
up Mahindra & Mahindra Automobile 12.92 1.08 0.00 0.69
up HCL Technologies Technology 15.56 0.84 0.00 0.65
equal UPL Chemicals 44.35 1.00 0.00 0.61
up Eicher Motors Automobile 27.14 1.67 0.00 0.59

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-Dec-2019

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:


0.05%

Change from previous, NAV as on 23-Jan-2020

Growth: ₹ 25.2246

Dividend: ₹ 13.4726


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: 7.24%
Benchmark: NIFTY 50 Arbitrage
Riskometer: Moderately Low
Type: Open-ended
Assets: ₹ 5,331 Cr (As on 31-Dec-2019)
Expense: 0.91% (As on 31-Dec-2019)
Risk Grade: Above Average
Return Grade: Below Average
Turnover: 60.00%

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend27-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
 26-Feb-20180.0600
 29-Jan-20180.0600
 27-Dec-20170.0600

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: 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]amsonline.com

Website: www.camsonline.com

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Value Investing

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