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Unrated

LIC MF Arbitrage Fund - Regular Plan


Hybrid: Arbitrage

1 Lakh

Investment Grown to
₹ 1.04 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.22 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 2.82 -0.03 0.05 0.26 0.38 1.40 4.14 -- -- -- --
CCIL T Bill Liquidity Weight 2.47 0.00 0.03 0.12 0.49 1.42 3.34 -- -- -- --
Hybrid: Arbitrage 2.95 -0.04 0.06 0.29 0.48 1.55 4.18 -- -- -- --
Rank within category 16 9 20 20 22 18 16 -- -- -- --
Number of funds in category 24 27 27 27 26 25 24 17 15 10 9

As on 29-Sep-2020

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
LIC MF Arbitrage Fund - Regular Plan  | Invest Online
Unrated
Jan-19 4.14 -- -- 1.02 40
Kotak Equity Arbitrage Fund Regular Plan  | Invest Online
5 star
Sep-05 4.69 5.71 5.96 1.01 15,000
Nippon India Arbitrage Fund  | Invest Online
4 star
Oct-10 4.68 5.84 5.98 1.02 7,384
Aditya Birla Sun Life Arbitrage Fund  | Invest Online
4 star
Jul-09 4.60 5.58 5.79 0.90 4,099
Edelweiss Arbitrage Fund - Regular Plan  | Invest Online
5 star
Jun-14 4.95 5.76 6.00 1.09 3,501

Best & Worst Performance

Best (Period) Worst (Period)
Week 0.58 (22-May-2020 - 29-May-2020) -0.61 (29-May-2020 - 05-Jun-2020)
Month 0.90 (29-Apr-2020 - 29-May-2020) -0.40 (29-May-2020 - 29-Jun-2020)
Quarter 1.88 (05-Apr-2019 - 05-Jul-2019) -0.28 (29-May-2020 - 28-Aug-2020)
Year 6.07 (30-May-2019 - 29-May-2020) 4.04 (23-Sep-2019 - 22-Sep-2020)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund -- -- -- -- -- --
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 -- -- -- -- -- --
Number of funds in category -- -- -- -- -- --

The Risk Measures have been calculated using calendar month returns for the last three years.

As on

* As on 31-Aug-2020

Asset Allocation (%)

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Concentration & Valuation

Number of Stocks 27
Top 10 Holdings (%) 74.68
Top 5 Holdings (%) 55.27
Top 3 Sectors (%) --
Portfolio P/B Ratio 1.52
Portfolio P/E Ratio 14.85
Avg Credit Rating 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
equal 2.99% HDFC Bank Fixed Deposits -- 0.00 - 26.24 26.24

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 Hindustan Unilever FMCG 70.34 9.03 0.00 8.73
equal HPCL Energy 6.93 8.61 0.00 8.29
equal Reliance Industries Energy 35.85 10.30 0.00 7.61
equal Cipla Healthcare 38.54 4.40 0.00 4.40
equal Power Finance Corp. Financial 3.03 6.17 0.00 4.23
down Aurobindo Pharma Healthcare 16.03 7.74 0.00 4.20
down SBI Life Insurance Company Financial 56.04 5.16 0.00 3.88
down Tata Consumer Products FMCG 92.36 3.59 0.00 3.59
equal Ultratech Cement Construction 22.03 4.30 0.00 3.51
up HDFC Financial 14.08 10.71 0.00 3.43
new Bank of Baroda Financial -- 2.31 0.00 2.31
down BPCL Energy 23.81 7.86 0.00 2.20
up Dabur India FMCG 61.92 2.96 0.00 1.48
up ACC Construction 22.13 3.45 0.00 1.16
new Mahindra & Mahindra Automobile -- 6.37 0.00 1.06
new SAIL Metals 18.32 1.68 0.00 0.91
new Federal Bank Financial 6.03 2.16 0.00 0.82
down ICICI Bank Financial 23.84 10.00 0.00 0.68
new Biocon Healthcare 80.12 1.87 0.00 0.65
down Bata India FMCG 134.89 0.85 0.00 0.36
equal State Bank of India Financial 7.57 6.98 0.00 0.32
new Dr. Reddy's Lab Healthcare 44.86 4.90 0.00 0.27
equal Colgate-Palmolive FMCG 45.59 1.92 0.00 0.24
down Cadila Healthcare Healthcare 31.33 7.66 0.00 0.20
down Petronet LNG Energy 12.55 1.25 0.00 0.18

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

— Marzban Irani since 04-Jan-2019

Education: Mr. Irani is a B.Com (H) from Mumbai University and holds a PGDBM from Chetna's Institute of Management & Research, Mumbai.

Experience: Prior to joining LIC Mutual Fund he was associated with DSP Investment Managers (Jun 2014-Jul 2016) as VP Fixed Income, Tata Asset Management (Jun 2011-May 2014) as Senior Fund Manager Fixed Income, PNB MetLife India Insurance (Sep 2010-May 2011) as Fund Manager Fixed Income, Mirae Asset Global Investment Management India Pvt. Ltd. (Jan 2008-Jul 2010) as Fund Manager Fixed Income and Tata Asset Management Limited (Sep 2000-Nov 2007) as Fund Manager Fixed Income.

Funds Managed:

— Yogesh Patil since 04-Jan-2019

Education: Mr. Patil is an MBA (Finance).

Experience: Prior to joining LIC Mutual Fund, he has worked with Canara Robeco Mutual Fund, Sahara Mutual Fund and Religare Enterprise Limited.

Funds Managed:


-0.03%

Change from previous, NAV as on 29-Sep-2020

Growth: ₹ 10.8202

Dividend Weekly: ₹ 10.5269

Dividend Monthly: ₹ 10.5714


Investment Strategy

The scheme seeks to generate income by taking advantage of arbitrage opportunities that potentially exists between cash and derivative market and within the derivative segment of the equity market along with investments in debt securities & money market instruments.

Investment Details

Minimum Investment (₹) 5,000
Minimum Addl Investment (₹) 500
Minimum SIP Investment (₹) 1,000
Minimum No of Cheques 12
Minimum Withdrawal (₹) 500
Minimum Balance (₹) --
Exit Load 0.5% for redemption within 15 days
0.25% for redemption between 16 - 30 days

Basic Details

Fund House: LIC Mutual Fund
Launch Date: 25-Jan-2019
Return Since Launch: 4.81%
Benchmark: NIFTY 50 Arbitrage
Riskometer: Moderately Low
Type: Open-ended
Assets: ₹ 40 Cr (As on 31-Aug-2020)
Expense: 1.02% (As on 31-Aug-2020)
Risk Grade: --
Return Grade: --
Turnover: 1,000.00%

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Monthly25-Feb-20200.0531

 30-Dec-20190.0531
 29-Oct-20190.0266
 27-Aug-20190.0531
 06-Mar-20190.0266
Dividend Weekly22-Oct-20190.0146

 07-Oct-20190.0230
 01-Oct-20190.0414
 06-Aug-20190.0058
 30-Jul-20190.0716
 23-Jul-20190.0106
 02-Apr-20190.0142
 19-Mar-20190.0033
 11-Mar-20190.0620

Contact Information

AMC: LIC Mutual Fund Asset Management Company Ltd

Address: Industrial Assurance Building 4th Floor, Opp. Churchgate Station Mumbai - 400020

Phone: 022-66016000 / 1800-258-5678

Fax: 022-22880633

Email: [email protected]

Website: http://www.licmf.com

Registrar & Transfer Agent: KFin Technologies Pvt Ltd.

Address: 303, Vamsee Estates, Opp. Big Bazaar, Ameerpet, Hyderabad - 500016

Phone: 040-44857874

Email: [email protected]

Website: www.karvymfs.com

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