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Unrated

LIC MF 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 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 2.68 0.05 0.03 0.08 0.92 2.43 5.42 -- -- -- --
CCIL T Bill Liquidity Weight 2.06 0.00 0.04 0.22 0.84 1.94 3.85 -- -- -- --
Hybrid: Arbitrage 2.71 0.05 0.01 0.12 1.04 2.43 5.29 -- -- -- --
Rank within category 15 10 9 20 19 14 14 -- -- -- --
Number of funds in category 24 26 26 25 25 24 23 17 15 9 0

As on 14-Jul-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 - Direct Plan  | Invest Online
Unrated
Jan-19 5.42 -- -- 0.47 62
Kotak Equity Arbitrage Fund - Direct Plan  | Invest Online
5 star
Jan-13 5.66 6.49 6.61 0.44 15,853
Nippon India Arbitrage Fund - Direct Plan
5 star
Jan-13 5.88 6.81 6.78 0.31 7,847
Aditya Birla Sun Life Arbitrage Fund - Direct Plan  | Invest Online
4 star
Jan-13 5.73 6.47 6.57 0.32 4,387
Edelweiss Arbitrage Fund - Direct Plan  | Invest Online
5 star
Jun-14 6.17 6.74 6.83 0.35 3,708

Best & Worst Performance

Best (Period) Worst (Period)
Week 0.59 (22-May-2020 - 29-May-2020) -0.60 (29-May-2020 - 05-Jun-2020)
Month 0.96 (29-Apr-2020 - 29-May-2020) -0.34 (29-May-2020 - 29-Jun-2020)
Quarter 2.04 (05-Apr-2019 - 05-Jul-2019) 0.56 (09-Apr-2020 - 09-Jul-2020)
Year 6.76 (30-May-2019 - 29-May-2020) 5.29 (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 20
Top 10 Holdings (%) 67.65
Top 5 Holdings (%) 45.84
Top 3 Sectors (%) 45.23
Portfolio P/B Ratio 1.73
Portfolio P/E Ratio 14.23

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 2.99% HDFC Bank Fixed Deposits -- 0.00 - 17.04 17.04

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 33.76 10.30 0.00 8.38
down Hindustan Unilever FMCG 79.22 8.69 0.00 7.32
new HPCL Energy 12.02 6.93 0.00 6.93
new Power Finance Corp. Financial 2.99 6.17 0.00 6.17
down ICICI Bank Financial 23.80 10.00 0.00 5.80
new Ultratech Cement Construction 18.98 4.30 0.00 4.30
new Aurobindo Pharma Healthcare 17.27 4.07 0.00 4.07
new Ambuja Cements Construction 17.47 4.05 0.00 4.05
down HDFC Financial 14.65 10.71 0.00 3.59
new Bharti Airtel Communication -- 7.54 0.00 3.36
new Tata Consumer Products FMCG 83.15 3.29 0.00 2.38
equal Colgate-Palmolive FMCG 47.65 1.92 0.00 1.92
up Siemens Engineering 40.21 1.66 0.00 1.66
up SBI Life Insurance Company Financial 60.17 1.57 0.00 1.57
down Mahindra & Mahindra Automobile 545.53 6.37 0.00 1.16
up Tech Mahindra Technology 14.78 6.41 0.00 0.85
down Divi's Laboratories Healthcare 43.06 2.40 0.00 0.74
down United Spirits FMCG 66.89 0.81 0.00 0.60
down Dabur India FMCG 59.27 2.96 0.00 0.57
new Exide Industries Engineering 17.08 3.46 0.00 0.35

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

— 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:


0.05%

Change from previous, NAV as on 14-Jul-2020

Growth: ₹ 10.8718

Dividend Weekly: ₹ 10.2172

Dividend Monthly: ₹ 10.2830


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: 5.86%
Benchmark: NIFTY 50 Arbitrage
Riskometer: Moderately Low
Type: Open-ended
Assets: ₹ 62 Cr (As on 30-Jun-2020)
Expense: 0.47% (As on 30-Jun-2020)
Risk Grade: --
Return Grade: --
Turnover: 1,115.00%

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Monthly25-Jun-20200.0600

 25-Feb-20200.0531
 27-Jan-20200.0531
 30-Dec-20190.0531
 27-Nov-20190.0531
 29-Oct-20190.0531
 24-Sep-20190.0531
 27-Aug-20190.0531
 29-Jul-20190.0531
 06-Mar-20190.0266
Dividend Weekly26-May-20200.0485

 21-Apr-20200.0263
 13-Apr-20200.0005
 31-Mar-20200.0157
 17-Mar-20200.0393
 09-Mar-20200.0043
 03-Mar-20200.0205
 25-Feb-20200.0059
 04-Feb-20200.0010
 07-Jan-20200.0043
 31-Dec-20190.0041
 24-Dec-20190.0055
 07-Oct-20190.0244
 01-Oct-20190.0383
 27-Aug-20190.0110
 20-Aug-20190.0070
 13-Aug-20190.0152
 30-Jul-20190.0290
 23-Jul-20190.0096
 16-Jul-20190.0039
 09-Jul-20190.0276
 02-Jul-20190.0086
 25-Jun-20190.1276
 02-Apr-20190.0124
 19-Mar-20190.0044

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

Upcoming Video

Value Investing

Evaluating Covid-affected financials of India Inc

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