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Unrated

Union Arbitrage Fund - Direct Plan


Hybrid: Arbitrage

1 Lakh

Investment Grown to
₹ 1.04 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 3.31 0.07 0.10 0.33 1.01 2.08 4.08 -- -- -- --
CCIL T Bill Liquidity Weight 1.64 0.03 0.00 0.11 0.53 1.08 2.06 -- -- -- --
Hybrid: Arbitrage 3.29 0.06 0.10 0.30 0.83 1.96 4.04 -- -- -- --
Rank within category 18 12 13 9 3 13 18 -- -- -- --
Number of funds in category 26 26 26 26 26 26 26 19 16 14 0

As on 22-Oct-2021

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
Union Arbitrage Fund - Direct Plan
Unrated
Feb-19 4.08 -- -- 0.44% 97
Kotak Equity Arbitrage Fund - Direct Plan  | Invest Online
4 star
Jan-13 4.56 5.43 5.94 0.44% 25,000
Nippon India Arbitrage Fund - Direct Plan
5 star
Jan-13 4.47 5.57 6.11 0.34% 12,451
Aditya Birla Sun Life Arbitrage Fund - Direct Plan  | Invest Online
4 star
Jan-13 4.55 5.45 5.92 0.31% 8,675
Edelweiss Arbitrage Fund - Direct Plan  | Invest Online
5 star
Jun-14 4.54 5.68 6.12 0.39% 6,206

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) 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 -0.16 29-May-2020 - 29-Jun-2020
Quarter 2.15 05-Apr-2019 - 05-Jul-2019 0.15 29-May-2020 - 28-Aug-2020
Year 7.38 20-Mar-2019 - 19-Mar-2020 3.18 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 87
Top 10 Holdings (%) 31.25
Top 5 Holdings (%) 23.20
Top 3 Sectors (%) --
Portfolio P/B Ratio 3.18
Portfolio P/E Ratio 25.71
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 Union Liquid Direct Mutual Fund -- 7.47 - 9.59 8.50
equal 5.63% GOI 2026 GOI Securities SOV 0.00 - 6.98 6.67
equal 5.22% GOI 15/06/2025 GOI Securities SOV 0.00 - 5.24 3.58
equal 5.15% GOI 2025 GOI Securities SOV 0.00 - 3.72 2.55
equal Reserve Bank of India 91-D 28/10/2021 Treasury Bills SOV 0.00 - 0.11 0.11

up down equal Indicates an increase or decrease or no change in holding since last portfolio
new Indicates a new holding since last portfolio

Sector Allocation vis-à-vis Category

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Top Equity Holdings

Company Sector P/E 3Y High 3Y Low % Assets
down MindTree Technology 53.87 2.09 0.00 1.90
new Voltas Consumer Durable 68.54 1.81 0.00 1.81
new Interglobe Aviation Services -- 2.05 0.00 1.66
new Adani Enterprises Services 145.68 5.40 0.00 1.66
equal Adani Ports and Special Economic Zone Services 28.06 3.93 0.00 1.52
up Tata Consultancy Services Technology 35.39 2.80 0.00 1.40
up ICICI Bank Financial 26.31 2.72 0.00 1.39
up Multi Commodity Exchange Of India Services 43.97 1.37 0.00 1.37
equal Vedanta Metals 8.15 1.98 0.00 1.37
down Reliance Industries Energy 34.00 4.78 0.00 1.36
up Punjab National Bank Financial 15.16 1.32 0.00 1.32
equal SRF Diversified 46.42 4.06 0.00 1.30
up Gujarat Gas Energy 24.94 1.23 0.00 1.23
equal Coforge Technology 65.80 1.64 0.00 1.18
up Bank of Baroda Financial 14.33 1.58 0.00 1.08
up Titan Company Consumer Durable 166.63 2.66 0.00 1.08
up SBI Life Insurance Company Insurance 90.50 1.36 0.00 1.03
equal Deepak Nitrite Chemicals 33.93 1.43 0.00 0.99
equal United Spirits FMCG 89.12 3.44 0.00 0.99
equal DLF Construction 68.26 2.34 0.00 0.99
up HDFC Bank Financial 27.22 2.24 0.00 0.99
equal Alembic Pharmaceuticals Healthcare 14.49 0.98 0.00 0.98
down Tata Chemicals Chemicals 47.38 1.91 0.00 0.94
equal JSW Steel Metals 8.09 1.71 0.00 0.93
equal Granules India Healthcare 14.14 1.14 0.00 0.92

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

— 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:


0.07%

Change from previous, NAV as on 22-Oct-2021

Growth: ₹ 11.4603

IDCW: ₹ 11.1884


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

Basic Details

Fund House: Union Mutual Fund
Launch Date: 27-Feb-2019
Return Since Launch: 5.27%
Benchmark: NIFTY 50 Arbitrage TRI
Riskometer: Low
Type: Open-ended
Assets: ₹ 97 Cr (As on 30-Sep-2021)
Expense: 0.44% (As on 30-Sep-2021)
Risk Grade: --
Return Grade: --
Turnover: --

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW18-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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