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LIC MF Arbitrage Fund - Regular Plan


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 0.28 -0.03 0.02 0.31 1.05 2.51 -- -- -- -- --
CCIL T Bill Liquidity Weight 0.19 0.03 0.02 0.25 0.81 1.86 -- -- -- -- --
Hybrid: Arbitrage 0.32 0.03 0.05 0.36 1.07 2.48 -- -- -- -- --
Rank within category 22 24 22 21 18 19 -- -- -- -- --
Number of funds in category 24 24 24 24 24 23 21 17 15 10 9

As on 20-Jan-2020

Best & Worst Performance

Best (Period) Worst (Period)
Week -- ( - ) -- ( - )
Month 0.82 (05-Apr-2019 - 07-May-2019) 0.06 (26-Feb-2019 - 28-Mar-2019)
Quarter 1.88 (05-Apr-2019 - 05-Jul-2019) 1.00 (14-Oct-2019 - 13-Jan-2020)
Year -- ( - ) -- ( - )

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund -- -- -- -- -- --
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 -- -- -- -- -- --
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-Dec-2019

Asset Allocation (%)

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Concentration & Valuation

Number of Stocks 24
Top 10 Holdings (%) 72.89
Top 5 Holdings (%) 49.16
Top 3 Sectors (%) --
Portfolio P/B Ratio 2.70
Portfolio P/E Ratio 22.49

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 5.75% Axis Bank Fixed Deposits -- 0.00 - 13.73 13.73

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 Maruti Suzuki India Automobile 36.23 10.35 0.00 10.35
up Grasim Industries Construction 11.72 9.46 0.74 9.46
up Reliance Industries Energy 22.42 10.30 0.00 8.68
up Bajaj Auto Automobile 17.31 6.94 0.00 6.94
down Asian Paints Chemicals 67.11 6.92 0.00 6.92
equal BPCL Energy 15.71 7.86 0.00 5.86
up ITC FMCG 21.09 6.23 0.00 4.97
equal Bajaj Finance Financial 50.42 3.28 0.00 3.25
new Eicher Motors Automobile 27.31 4.69 0.00 2.73
new HDFC Financial 35.10 10.71 0.00 2.63
down Pidilite Industries Chemicals 67.12 3.28 0.00 2.58
new Hero Motocorp Automobile 13.22 6.59 0.00 2.13
new HDFC Bank Financial 25.93 8.20 0.00 1.85
new Dr. Reddy's Lab Healthcare 18.49 1.83 0.00 1.62
down ACC Construction 15.33 3.45 0.00 1.59
new Motherson Sumi Systems Automobile 28.77 1.42 0.00 1.42
up Hindustan Unilever FMCG 67.62 7.04 0.00 1.40
equal Godrej Consumer Products FMCG 34.23 1.53 0.00 1.06
new SAIL Metals 25.35 1.68 0.00 0.98
new M&M Financial Services Financial 17.73 1.19 0.00 0.83
equal Axis Bank Financial 45.54 4.11 0.00 0.73
new Voltas Cons Durable 47.23 0.64 0.00 0.64
new Dabur India FMCG 57.33 0.24 0.00 0.19
new State Bank of India Financial 27.67 6.98 0.00 0.16

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

— 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 20-Jan-2020

Growth: ₹ 10.5538

Dividend Weekly: ₹ 10.2678

Dividend Monthly: ₹ 10.3708


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: 5.54%
Benchmark: NIFTY 50 Arbitrage
Riskometer: Moderately Low
Type: Open-ended
Assets: ₹ 62 Cr (As on 31-Dec-2019)
Expense: 1.00% (As on 31-Dec-2019)
Risk Grade: --
Return Grade: --
Turnover: --

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Monthly30-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: www.licmf.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

Value Investing

Evaluating a company's financial health from the Cash Flow Statement

dateSaturday, 25-Jan-2020
time12:30 PM - 01:00 PM