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Unrated

Union Arbitrage Fund - Regular 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 2.90 -0.05 0.01 -0.06 0.95 2.69 5.35 -- -- -- --
CCIL T Bill Liquidity Weight 2.04 0.00 0.04 0.24 0.86 1.94 3.94 -- -- -- --
Hybrid: Arbitrage 2.27 -0.06 -0.03 -0.08 0.64 2.05 4.66 -- -- -- --
Rank within category 2 5 4 11 5 2 5 -- -- -- --
Number of funds in category 24 26 26 25 25 24 23 17 15 10 9

As on 09-Jul-2020

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
Union Arbitrage Fund - Regular Plan
Unrated
Feb-19 5.35 -- -- 1.00 88
Kotak Equity Arbitrage Fund Regular Plan  | Invest Online
5 star
Sep-05 5.08 5.95 6.10 0.98 15,853
Nippon India Arbitrage Fund  | Invest Online
5 star
Oct-10 5.13 6.08 6.11 1.02 7,944
Aditya Birla Sun Life Arbitrage Fund  | Invest Online
4 star
Jul-09 5.11 5.82 5.93 0.90 4,182
Edelweiss Arbitrage Fund - Regular Plan  | Invest Online
5 star
Jun-14 5.38 6.00 6.15 1.09 3,569

Best & Worst Performance

Best (Period) Worst (Period)
Week 0.59 (09-Mar-2020 - 16-Mar-2020) -0.55 (19-Mar-2020 - 26-Mar-2020)
Month 1.12 (18-Feb-2020 - 19-Mar-2020) -0.20 (29-May-2020 - 29-Jun-2020)
Quarter 2.03 (19-Dec-2019 - 19-Mar-2020) 0.83 (19-Mar-2020 - 18-Jun-2020)
Year 6.81 (20-Mar-2019 - 19-Mar-2020) 5.60 (03-Jul-2019 - 02-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* 5.52 0.84 0.51 0.74 0.48 0.81
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 68
Top 10 Holdings (%) 26.09
Top 5 Holdings (%) 14.94
Top 3 Sectors (%) 0.12
Portfolio P/B Ratio 1.66
Portfolio P/E Ratio 14.46

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 HDFC Bank 183-D Term Deposits -- 0.00 - 5.10 4.50
new HDFC Bank 94-D Term Deposits -- 0.00 - 2.83 2.83
equal HDFC Bank 95-D Term Deposits -- 0.00 - 2.55 2.25
equal HDFC Bank 92-D Term Deposits -- 0.00 - 2.55 2.25
new HDFC Bank 184-D Term Deposits -- 0.00 - 2.25 2.25
new HDFC Bank 93-D Term Deposits -- 0.00 - 2.24 2.24
new Federal Bank 93-D Term Deposits -- 0.00 - 2.24 2.24
equal Federal Bank 183-D Term Deposits -- 0.00 - 1.18 1.13
equal Reserve Bank of India 182-D 13/08/2020 Treasury Bills SOV 0.00 - 0.63 0.56

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 Adani Enterprises Services 15.73 5.40 0.00 3.11
down Adani Ports and Special Economic Zone Services 18.52 3.73 0.00 2.24
equal United Spirits FMCG 68.96 3.44 0.00 2.18
down SRF Diversified 21.98 4.06 0.00 2.04
down Indusind Bank Financial 8.66 2.80 0.00 1.89
equal HCL Technologies Technology 14.44 2.19 0.00 1.76
down HDFC Financial 15.72 4.34 1.25 1.73
down Bharti Airtel Communication -- 3.80 0.00 1.52
up Motherson Sumi Systems Automobile 26.37 1.73 0.00 1.50
up Biocon Healthcare 65.13 1.93 0.00 1.42
equal Nestle India FMCG 79.53 2.82 0.00 1.36
down Dr. Reddy's Lab Healthcare 31.97 1.80 0.00 1.34
new ICICI Bank Financial 25.08 1.84 0.00 1.31
up GAIL Energy 5.05 1.96 0.00 1.27
down DLF Construction -- 2.34 0.00 1.27
new L&T Finance Holdings Financial 8.29 1.27 0.00 1.27
new Torrent Pharmaceuticals Healthcare 39.02 1.46 0.00 1.21
new Asian Paints Chemicals 60.87 2.18 0.00 1.20
down Dabur India FMCG 57.88 1.86 0.00 1.19
up Vedanta Metals -- 1.98 0.00 1.19
down HDFC Life Insurance Financial -- 1.24 0.00 1.16
up ICICI Prudential Life Insurance Co. Ltd. Financial 58.38 1.23 0.00 1.16
up Cipla Healthcare 33.30 1.51 0.00 1.13
new Bharti Infratel Communication 12.03 1.12 0.00 1.12
up Hindustan Unilever FMCG 75.69 4.15 0.00 1.11

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

— Vishal Thakker since 30-Jan-2019

Education: Mr.Thakker has done B.Com & M.B.A

Experience: Prior joining to Union Mutual Fund he has worked with Elara Capital and Emkay Shares & Stock Broking.

— Devesh Thacker since 30-Jan-2019

Education: Mr. Thacker is a B.Com (H) and Post graduate from University of Pune.

Experience: Prior to joining Union AMC in 2011 he has worked with Sahara AMC.

Funds Managed:


-0.05%

Change from previous, NAV as on 09-Jul-2020

Growth: ₹ 10.8192

Dividend: ₹ 10.5641


Investment Strategy

The scheme seeks to generate capital appreciation and income by predominantly investing in arbitrage opportunities in the cash and derivatives segment of the equity market, and by investing the balance in debt and money market instruments.

Investment Details

Minimum Investment (₹) 5,000
Minimum Addl Investment (₹) 1,000
Minimum SIP Investment (₹) 2,000
Minimum No of Cheques 6
Minimum Withdrawal (₹) 1,000
Minimum Balance (₹) --
Exit Load 0.25% for redemption within 30 days

Basic Details

Fund House: Union Mutual Fund
Launch Date: 27-Feb-2019
Return Since Launch: 5.94%
Benchmark: NIFTY 50 Arbitrage
Riskometer: Moderately Low
Type: Open-ended
Assets: ₹ 88 Cr (As on 30-Jun-2020)
Expense: 1.00% (As on 31-May-2020)
Risk Grade: --
Return Grade: --
Turnover: --

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend18-Mar-20200.1328

 13-Nov-20190.0885

Contact Information

AMC: Union Asset Management Company Pvt.Ltd.

Address: Unit 503, 5th Floor, Leela Business Park, Andheri Kurla Road, Andheri (East) Mumbai - 400059

Phone: 022-67483300 / 1800-200-2268

Fax: 022-67483400/3401/3402

Email: [email protected]

Website: http://www.unionmf.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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