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Essel Arbitrage Fund - Regular Plan


1 Lakh

Investment Grown to
₹ 1.01 Lakh

₹ 10000

Monthly SIP Grown to
₹ 0.30 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 3 years from the date of investment, gains are taxed at the rate of 20% after providing the benefit of inflation indexation.
  • If the mutual units are sold within 3 years from the date of investment, entire amount of gain is added to the investors' income and taxed according to the applicable slab rate.
  • 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 25% (effectively 29.12%, 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 Month 3 Months 1 Years 3 Years 5 Years 10 Years
Fund 4.32 -0.12 0.62 4.51 -- -- --
CCIL T Bill Liquidity Weight 4.21 0.30 0.89 4.41 -- -- --
Hybrid: Arbitrage 5.66 0.21 1.26 5.84 -- -- --
Rank within category 20 24 24 19 -- -- --
Number of funds in category 21 24 24 20 16 14 9

As on 13-Dec-2019

Best & Worst Performance

Best (Period) Worst (Period)
Month 0.84 (05-Apr-2019 - 07-May-2019) 0.04 (30-Aug-2019 - 01-Oct-2019)
Quarter 1.84 (09-Apr-2019 - 09-Jul-2019) 0.67 (10-Jul-2019 - 09-Oct-2019)
Year 5.65 (30-Aug-2018 - 30-Aug-2019) 4.84 (06-Nov-2018 - 06-Nov-2019)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund -- -- -- -- -- --
CCIL T Bill Liquidity Weight* 4.11 0.25 -6.57 -10.84 -- --
Hybrid: Arbitrage* 5.62 0.69 0.02 0.12 0.47 0.63
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-Nov-2019

Asset Allocation (%)

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Concentration & Valuation

Number of Stocks 10
Top 10 Holdings (%) 74.22
Top 5 Holdings (%) 42.83
Top 3 Sectors (%) 0.06
Portfolio P/B Ratio 2.76
Portfolio P/E Ratio 21.89

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
new NBCC India 26/12/2019 Futures 0.00 - -4.62 -4.62
new M&M Financial Services 26/12/2019 Futures 0.00 - -6.16 -6.16
new Coal India 26/12/2019 Futures 0.00 - -6.24 -6.24
new Tata Consultancy Services 26/12/2019 Futures 0.00 - -7.20 -7.20
new UPL 26/12/2019 Futures 0.00 - -7.23 -7.23
new Mahindra & Mahindra 26/12/2019 Futures 0.00 - -7.43 -7.43
new ITC 26/12/2019 Futures 0.00 - -8.27 -8.27
new Hindustan Unilever 26/12/2019 Futures 0.00 - -8.56 -8.56
new HDFC Bank 26/12/2019 Futures 0.00 - -8.91 -8.91
new Hindalco Inds. 26/12/2019 Futures 0.00 - -9.80 -9.80

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 Hindalco Inds. Metals 79.98 9.77 0.00 9.77
new HDFC Bank Financial 29.40 8.89 0.00 8.89
equal Hindustan Unilever FMCG 65.00 9.00 0.00 8.52
equal ITC FMCG 21.11 8.25 0.00 8.25
equal Mahindra & Mahindra Automobile 11.71 7.62 0.00 7.40
equal UPL Chemicals 46.35 8.65 4.05 7.20
equal Tata Consultancy Services Technology 24.65 7.31 0.00 7.16
equal Coal India Energy 6.41 6.30 0.00 6.30
equal M&M Financial Services Financial 16.65 8.55 0.00 6.14
equal NBCC India Construction 36.92 7.89 0.00 4.59

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 30-Nov-2019

Fund Manager

— Archit Shah since 06-Mar-2019

Education: Mr. Shah holds B.Com, MBA and CFA.

Experience: Prior to joining Essel Mutual Fund, he has worked with Acko General Insurance Ltd. as Investment Head, Taurus Mutual Fund as Fund Manager, CRISIL and I-Peritus Solutions & Services Pvt. Ltd. as Research Analyst.

Funds Managed:

— Pradeep Sukte since 05-Aug-2019

Education: Mr. Sukte has done CFA and B.Com

Experience: Prior to joining Essel Mutual Fund he has worked with Sahara Mutual Fund, IDFC Securities Ltd., Quantum Securities Pvt. Ltd., UTI Securities Ltd., HDFC Securities Ltd.


0.05%

Change from previous, NAV as on 13-Dec-2019

Growth: ₹ 10.6244

Dividend Monthly: ₹ 12.1143

Dividend: ₹ 10.6406


Investment Strategy

The Scheme seeks to generate income by predominantly investing in arbitrage opportunities in the cash and the derivative segments of the equity markets and the arbitrage opportunities available within the derivative segment and by investing the balance in debt and money market instruments.

Investment Details

Minimum Investment (₹) 1,000
Minimum Addl Investment (₹) 100
Minimum SIP Investment (₹) 500
Minimum No of Cheques 12
Minimum Withdrawal (₹) 1,000
Minimum Balance (₹) 1
Exit Load 0.25% for redemption within 30 days

Basic Details

Fund House: Essel Mutual Fund
Launch Date: 28-Aug-2018
Benchmark: CRISIL Liquid
Riskometer: Moderately Low
Type: Open-ended
Assets: ₹ 1 Cr (As on 30-Nov-2019)
Expense: 2.25% (As on 30-Nov-2019)
Risk Grade: --
Return Grade: --
Turnover: --

Contact Information

AMC: Essel Finance AMC Ltd.

Address: Peerless Mansion, 3rd Floor, 1 Chowringhee Square, Kolkata - 700069

Phone: 033-40185000 / 1800-103-8999

Fax: 033-40185010

Email: [email protected]

Website: www.esselfinance.com

Registrar & Transfer Agent: KFin Technologies Pvt Ltd.

Address: Karvy House, No. 46, 8-2-609/K, Avenue 4, Street No.1 Banjara Hills, Hyderabad - 500034

Phone: 040-23312454

Email: [email protected]

Website: www.karvymfs.com

Upcoming Video

Investors' Hangout

Why you should ditch dividend plans

dateFriday, 20-Dec-2019
time12:30 PM - 01:00 PM