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Unrated

Tata Arbitrage Fund - Direct Plan


Hybrid: Arbitrage

1 Lakh

Investment Grown to
₹ 1.05 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.23 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 3.80 0.08 0.18 0.33 0.87 2.29 4.56 -- -- -- --
CCIL T Bill Liquidity Weight 1.65 0.01 0.03 0.12 0.50 1.04 2.03 -- -- -- --
Hybrid: Arbitrage 3.39 0.07 0.21 0.36 0.82 2.09 4.00 -- -- -- --
Rank within category 2 6 20 19 12 6 1 -- -- -- --
Number of funds in category 26 26 26 26 26 26 26 19 16 14 0

As on 27-Oct-2021

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 4.56 -- -- 0.32% 11,972
Kotak Equity Arbitrage Fund - Direct Plan  | Invest Online
4 star
Jan-13 4.47 5.42 5.94 0.44% 25,000
Nippon India Arbitrage Fund - Direct Plan
5 star
Jan-13 4.42 5.53 6.12 0.34% 12,451
Aditya Birla Sun Life Arbitrage Fund - Direct Plan  | Invest Online
4 star
Jan-13 4.50 5.42 5.92 0.31% 8,675
Edelweiss Arbitrage Fund - Direct Plan  | Invest Online
5 star
Jun-14 4.47 5.63 6.12 0.39% 6,206

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) 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 0.26 29-May-2020 - 28-Aug-2020
Year 7.85 30-May-2019 - 29-May-2020 3.97 29-May-2020 - 31-May-2021

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund -- -- -- -- -- --
CCIL T Bill Liquidity Weight* 3.34 0.40 -1.54 -3.94 -- --
Hybrid: Arbitrage* 5.08 0.81 1.43 2.12 0.86 1.66
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-Sep-2021

Asset Allocation (%)

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Concentration & Valuation

Number of Stocks 142
Top 10 Holdings (%) 21.19
Top 5 Holdings (%) 13.30
Top 3 Sectors (%) --
Portfolio P/B Ratio 2.82
Portfolio P/E Ratio 19.73
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
up Tata Money Market Direct-G Mutual Fund -- 0.00 - 5.61 5.61
down Tata Treasury Advantage Direct-G Mutual Fund -- 0.00 - 2.47 2.12
up Tata Liquid Direct-G Mutual Fund -- 0.00 - 1.87 1.87
equal 6.84% GOI 19/12/2022 GOI Securities SOV 0.51 - 1.34 1.34
equal 8.08% GOI 2022 Central Government Loan SOV 0.00 - 1.22 1.17
equal 8.15% GOI 2022 Central Government Loan SOV 0.00 - 1.16 1.16
equal 5.09% GOI 13/04/2022 GOI Securities SOV 0.20 - 1.30 1.15
equal 8.35% GOI 2022 GOI Securities SOV 0.00 - 1.21 1.07
new Tata Ultra Short Term Fund Direct-G Mutual Fund -- 0.00 - 0.84 0.84
equal Standard Chartered Invest&Loan 265-D 28/04/2022 Commercial Paper A1+ 0.00 - 0.81 0.81
equal The Federal Bank Fixed Deposits -- 0.00 - 6.86 0.77
equal Reserve Bank of India 364-D 06/01/2022 Treasury Bills SOV 0.00 - 0.79 0.70
equal 8.13% GOI 21/09/2022 Central Government Loan SOV 0.00 - 0.95 0.67
equal Reserve Bank of India 364-D 09/12/2021 Treasury Bills SOV 0.00 - 0.66 0.66
equal Reserve Bank of India 364-D 30/03/2022 Treasury Bills SOV 0.00 - 0.57 0.57
equal 8.79% GOI 2021 Central Government Loan SOV 0.00 - 0.97 0.55
equal 8.20% GOI 15/02/2022 Central Government Loan SOV 0.00 - 0.97 0.51
equal HDFC Bank Fixed Deposits -- 0.00 - 5.81 0.51
equal 3.96% GOI 2022 GOI Securities SOV 0.00 - 0.87 0.46
equal 7.37% GOI 16/04/2023 GOI Securities SOV 0.00 - 0.70 0.45
equal 4.95% HDFC 2022 Non Convertible Debenture AAA 0.42 - 1.79 0.42
equal 4.48% GOI 2023 GOI Securities SOV 0.00 - 1.05 0.33
equal Reserve Bank of India 364-D 24/03/2022 Treasury Bills SOV 0.00 - 0.37 0.33
equal 7.16% GOI 20/05/2023 Central Government Loan SOV 0.00 - 1.33 0.30
equal 4.26% GOI 17/05/2023 GOI Securities SOV 0.00 - 0.33 0.29

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 ITC FMCG 20.58 3.91 0.00 1.90
down State Bank of India Financial 18.53 5.33 0.00 1.81
up Bajaj Auto Automobile 16.87 1.66 0.00 1.66
down Tata Consultancy Services Technology 35.28 3.78 0.00 1.59
down JSW Steel Metals 8.30 1.79 0.00 1.58
down Tata Motors Automobile -- 1.86 0.00 1.54
down Sun Pharmaceutical Industries Healthcare 32.99 2.17 0.00 1.51
down Adani Ports and Special Economic Zone Services 29.81 2.80 0.00 1.47
down Vedanta Metals 7.93 2.19 0.00 1.39
up Apollo Hospitals Healthcare 72.52 1.36 0.00 1.33
new Bajaj Finserv Financial 70.11 2.16 0.00 1.27
up Mahindra & Mahindra Automobile 47.16 2.16 0.00 1.27
up Adani Enterprises Services 169.43 3.07 0.00 1.20
up Maruti Suzuki India Automobile 52.89 3.22 0.00 1.18
down ICICI Bank Financial 27.30 2.64 0.00 1.10
down Tata Power Company Energy 54.60 2.15 0.00 1.08
down Grasim Industries Construction 19.94 2.71 0.00 1.08
down Larsen & Toubro Construction 28.61 2.76 0.00 1.05
up Info Edge (India) Services 54.58 1.49 0.00 1.01
up Divi's Laboratories Healthcare 67.33 1.54 0.00 0.91
up HDFC Asset Management Company Financial 41.27 0.89 0.00 0.89
down Aurobindo Pharma Healthcare 7.77 1.65 0.00 0.88
up Tech Mahindra Technology 29.93 2.65 0.00 0.85
up Coal India Energy 7.76 1.24 0.00 0.84
down Asian Paints Chemicals 91.18 1.88 0.00 0.82

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-Sep-2021

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:


0.08%

Change from previous, NAV as on 27-Oct-2021

Growth: ₹ 11.7843

IDCW Monthly: ₹ 11.2972


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
Lock-in Period Not Applicable
Exit Load 0.25% for redemption within 30 days

Basic Details

Fund House: Tata Mutual Fund
Launch Date: 18-Dec-2018
Return Since Launch: 5.91%
Benchmark: NIFTY 50 Arbitrage TRI
Riskometer: Low
Type: Open-ended
Assets: ₹ 11,972 Cr (As on 30-Sep-2021)
Expense: 0.32% (As on 30-Sep-2021)
Risk Grade: --
Return Grade: --
Turnover: 395.49%

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW 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

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