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Unrated

Tata Arbitrage Fund - Direct Plan


Hybrid: Arbitrage

1 Lakh

Investment Grown to
₹ 1.06 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.24 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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(₹)
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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 3.55 0.01 0.02 0.18 1.45 3.26 6.49 -- -- -- --
CCIL T Bill Liquidity Weight 2.06 -0.01 0.05 0.22 0.84 1.89 3.85 -- -- -- --
Hybrid: Arbitrage 2.66 0.01 0.02 0.07 0.99 2.36 5.26 -- -- -- --
Rank within category 1 15 13 4 1 1 1 -- -- -- --
Number of funds in category 24 26 26 25 25 24 23 17 15 9 0

As on 13-Jul-2020

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
Tata Arbitrage Fund - Direct Plan  | Invest Online
Unrated
Dec-18 6.49 -- -- 0.38 2,062
Kotak Equity Arbitrage Fund - Direct Plan  | Invest Online
5 star
Jan-13 5.63 6.47 6.62 0.44 15,853
Nippon India Arbitrage Fund - Direct Plan
5 star
Jan-13 5.83 6.78 6.79 0.31 7,847
Aditya Birla Sun Life Arbitrage Fund - Direct Plan  | Invest Online
4 star
Jan-13 5.70 6.44 6.58 0.32 4,387
Edelweiss Arbitrage Fund - Direct Plan  | Invest Online
5 star
Jun-14 6.13 6.72 6.84 0.35 3,708

Best & Worst Performance

Best (Period) Worst (Period)
Week 0.68 (25-Mar-2020 - 01-Apr-2020) -0.54 (29-May-2020 - 05-Jun-2020)
Month 1.21 (29-Apr-2020 - 29-May-2020) -0.13 (29-May-2020 - 29-Jun-2020)
Quarter 2.37 (09-Apr-2019 - 09-Jul-2019) 1.31 (09-Apr-2020 - 09-Jul-2020)
Year 7.85 (30-May-2019 - 29-May-2020) 6.53 (10-Jul-2019 - 09-Jul-2020)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund -- -- -- -- -- --
CCIL T Bill Liquidity Weight* 4.07 0.28 -4.34 -7.86 -- --
Hybrid: Arbitrage* 6.10 0.84 1.31 1.85 0.48 1.38
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-Jun-2020

Asset Allocation (%)

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Concentration & Valuation

Number of Stocks 93
Top 10 Holdings (%) 30.75
Top 5 Holdings (%) 22.10
Top 3 Sectors (%) 0.13
Portfolio P/B Ratio 2.15
Portfolio P/E Ratio 19.49

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 Federal Bank Fixed Deposits -- 2.06 - 9.40 7.93
equal HDFC Bank Fixed Deposits -- 2.79 - 7.47 7.12
equal AU Small Finance Bank Fixed Deposits -- 0.00 - 5.28 2.57
new Punjab National Bank Fixed Deposits -- 0.00 - 1.32 1.32
new Union Bank of India Fixed Deposits -- 0.00 - 1.23 1.23
new Corporation Bank Fixed Deposits -- 0.00 - 1.13 1.13
equal HDFC 19/05/2022 Non Convertible Debenture AAA 0.00 - 1.25 1.00
equal RBL Bank Fixed Deposits -- 0.76 - 2.94 0.78
equal 7.61% HUDCO 22/06/2022 Debenture AAA 0.00 - 0.96 0.76
equal 8.60% LIC Housing Fin. 14/01/2022 Debenture AAA 0.00 - 0.95 0.76
equal 8.20% HDFC 29/07/2021 Debenture AAA 0.00 - 1.59 0.75
equal 6.99% REC 31/12/2020 Debenture AAA 0.00 - 2.58 0.74
equal 7.62% HUDCO 15/07/2022 Debenture AAA 0.00 - 0.64 0.51
equal 7.40% Power Finance Corp. 30/09/2021 Bonds AAA 0.00 - 1.06 0.50
equal 6.32% REC 31/12/2021 Debenture AAA 0.00 - 0.62 0.49
equal ICICI Bank 14/09/2020 Certificate of Deposit A1+ 0.00 - 2.87 0.48
equal 8.75% LIC Housing Fin. 21/12/2020 Debenture AAA 0.00 - 1.55 0.30
equal 8.45% Sikka Ports and Terminals 2023 Debenture AAA 0.00 - 0.32 0.26
equal 8.50% REC 20/12/2021 Bonds/NCDs AAA 0.00 - 0.85 0.25
equal 7.90% India Infradebt 31/10/2022 Debenture AAA 0.00 - 0.31 0.25
equal 7.24% LIC Housing Fin. 23/08/2021 Non Convertible Debenture AAA 0.00 - 0.31 0.25
equal Axis Bank Fixed Deposits -- 0.00 - 0.51 0.15
new Bank of Baroda Fixed Deposits -- 0.00 - 0.01 0.01

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 33.24 6.69 0.00 2.34
down ICICI Bank Financial 23.93 2.64 0.00 2.14
up HDFC Financial 14.94 4.60 0.00 2.12
up ITC FMCG 15.86 3.91 0.00 1.94
new Tata Consumer Products FMCG 84.57 1.61 0.00 1.54
up SBI Life Insurance Company Financial 60.70 1.53 0.00 1.53
up HCL Technologies Technology 14.79 2.00 0.00 1.52
up Colgate-Palmolive FMCG 47.70 1.55 0.00 1.46
up Titan Company Cons Durable 57.12 2.88 0.00 1.44
down Hindustan Unilever FMCG 78.80 2.80 0.00 1.42
up United Spirits FMCG 69.37 2.73 0.00 1.35
down Tech Mahindra Technology 14.38 2.65 0.00 1.35
new Torrent Pharmaceuticals Healthcare 38.97 1.47 0.00 1.33
up HDFC Life Insurance Financial -- 1.32 0.00 1.32
down Tata Motors Automobile -- 1.86 0.00 1.29
up Vedanta Metals -- 2.19 0.00 1.28
up Aurobindo Pharma Healthcare 16.75 1.28 0.00 1.26
up Ultratech Cement Construction 18.80 1.52 0.00 1.25
up HPCL Energy 12.17 1.61 0.00 1.21
down Lupin Healthcare -- 1.64 0.00 1.20
up Siemens Engineering 39.70 1.35 0.00 1.16
up Pidilite Industries Chemicals 63.48 1.14 0.00 1.14
up Dabur India FMCG 59.25 1.13 0.00 1.13
up Divi's Laboratories Healthcare 43.11 1.36 0.00 1.11
down Dr. Reddy's Lab Healthcare 31.99 1.98 0.00 1.05

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-2020

Fund Manager

— Sailesh Jain since 10-Dec-2018

Education: Mr. Jain is a Commerce Graduate and an MBA.

Experience: Prior to joining TATA Mutual Fund, he has worked with Invesco Mutual Fund, IDFC Securities Ltd. as Head Derivatives, Quant Broking Pvt Ltd. as Vice President and IIFL(India Infoline) as Vice President.

Funds Managed:


0.01%

Change from previous, NAV as on 13-Jul-2020

Growth: ₹ 11.1126

Dividend Monthly: ₹ 10.6305


Investment Strategy

The Scheme seeks to generate reasonable returns by investing predominantly in arbitrage opportunities in the cash and derivatives segments of the equity markets and by investing balance in debt and money market instruments.

Investment Details

Minimum Investment (₹) 5,000
Minimum Addl Investment (₹) 1,000
Minimum SIP Investment (₹) 150
Minimum No of Cheques 12
Minimum Withdrawal (₹) 500
Minimum Balance (₹) 500
Exit Load 0.25% for redemption within 30 days

Basic Details

Fund House: Tata Mutual Fund
Launch Date: 18-Dec-2018
Return Since Launch: 6.95%
Benchmark: NIFTY 50 Arbitrage
Riskometer: Moderately Low
Type: Open-ended
Assets: ₹ 2,062 Cr (As on 30-Jun-2020)
Expense: 0.38% (As on 31-May-2020)
Risk Grade: --
Return Grade: --
Turnover: 730.33%

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Monthly23-Mar-20200.0885

 19-Feb-20200.0487
 21-Jan-20200.0354
 20-Dec-20190.0443
 20-Nov-20190.0354
 22-Oct-20190.0354
 19-Sep-20190.0354
 16-Aug-20190.0354
 22-Jul-20190.0266
 19-Jun-20190.0266

Contact Information

AMC: Tata Asset Management Private Ltd

Address: 9th Floor, Mafatlal Centre, Nariman Point, Mumbai - 400021

Phone: 1800-209-0101

Email: [email protected]

Website: http://www.tatamutualfund.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

Upcoming Video

Value Investing

Evaluating Covid-affected financials of India Inc

dateFriday, 17-Jul-2020
time12:30 PM - 01:00 PM