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ICICI Prudential Equity Arbitrage Fund


Hybrid: Arbitrage

1 Lakh

Investment Grown to
₹ 1.18 Lakh

₹ 10000

Monthly SIP Grown to
₹ 3.90 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 3.73 0.03 0.15 0.32 0.86 1.75 4.49 5.60 5.86 6.56 7.38
CCIL T Bill Liquidity Weight 2.75 0.01 0.07 0.25 0.62 1.30 3.29 3.95 4.14 4.57 4.76
Hybrid: Arbitrage 3.29 0.03 0.12 0.25 0.80 1.50 3.99 5.29 5.75 6.41 7.11
Rank within category 10 20 4 2 14 8 8 7 6 2 2
Number of funds in category 24 27 27 27 26 25 24 17 15 10 10

As on 27-Oct-2020

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
ICICI Prudential Equity Arbitrage Fund  | Invest Now
3 star
Dec-06 4.49 5.60 5.86 0.98 9,277
Kotak Equity Arbitrage Fund Regular Plan  | Invest Online
5 star
Sep-05 4.56 5.72 5.94 1.01 15,111
Nippon India Arbitrage Fund  | Invest Online
4 star
Oct-10 4.48 5.85 5.96 1.02 7,168
Edelweiss Arbitrage Fund - Regular Plan  | Invest Online
5 star
Jun-14 4.72 5.74 5.98 1.10 3,316
UTI Arbitrage Fund - Regular Plan  | Invest Online
4 star
Jun-06 4.56 5.72 5.86 0.94 3,105

Best & Worst Performance

Best (Period) Worst (Period)
Week 1.56 (10-Oct-2008 - 17-Oct-2008) -1.11 (01-Oct-2008 - 08-Oct-2008)
Month 2.53 (16-Apr-2007 - 16-May-2007) -1.11 (27-Nov-2009 - 29-Dec-2009)
Quarter 4.42 (13-Mar-2007 - 12-Jun-2007) -0.72 (16-Oct-2009 - 18-Jan-2010)
Year 11.72 (22-Jan-2007 - 22-Jan-2008) 2.11 (30-Jun-2009 - 30-Jun-2010)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 5.47 0.80 0.51 0.67 0.76 1.29
CCIL T Bill Liquidity Weight 3.90 0.32 -3.63 -6.95 -- --
Hybrid: Arbitrage 5.19 0.92 0.34 0.51 0.76 1.00
Rank within category 8 11 9 9 12 8
Number of funds in category 17 17 17 17 17 17

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

As on 30-Sep-2020

Asset Allocation (%)

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Concentration & Valuation

Number of Stocks 108
Top 10 Holdings (%) 43.35
Top 5 Holdings (%) 29.61
Top 3 Sectors (%) --
Portfolio P/B Ratio 1.94
Portfolio P/E Ratio 20.27
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 5.77% GOI 2030 GOI Securities SOV 0.00 - 5.19 5.19
new Reserve Bank of India 182-D 18/03/2021 Treasury Bills SOV 0.00 - 4.24 4.24
equal 7.80% GOI 2021 Central Government Loan SOV 0.00 - 3.03 3.03
equal Reserve Bank of India 182-D 03/12/2020 Treasury Bills SOV 0.00 - 2.14 2.14
equal RBL Bank 365-D 19/02/2021 Fixed Deposits -- 0.00 - 2.10 1.62
equal 6.18% GOI 2024 GOI Securities SOV 0.00 - 1.11 1.11
equal 8.85% HDFC Bank 31/12/2099 Bonds AA+ 0.00 - 1.39 1.11
equal Canara Bank 366-D 21/01/2021 Fixed Deposits -- 0.00 - 1.40 1.08
equal Reserve Bank of India 182-D 19/11/2020 Treasury Bills SOV 0.00 - 1.07 1.07
equal Canara Bank 366-D 15/01/2021 Fixed Deposits -- 0.00 - 1.33 1.02
equal Canara Bank 365-D 08/01/2021 Fixed Deposits -- 0.00 - 1.05 0.81
equal RBL Bank 365-D 05/12/2020 Fixed Deposits -- 0.00 - 1.05 0.81
equal LIC Housing Fin. 361-D 22/01/2021 Commercial Paper A1+ 0.00 - 0.93 0.75
equal 8.25% Bharti Telecom 17/03/2021 Debenture AA+ 0.00 - 0.70 0.55
equal Canara Bank 366-D 24/01/2021 Fixed Deposits -- 0.00 - 0.70 0.54
equal Federal Bank 365-D 03/11/2020 Fixed Deposits -- 0.00 - 0.70 0.54
equal Federal Bank 364-D 09/10/2020 Fixed Deposits -- 0.36 - 0.70 0.54
equal Axis Bank 392-D 05/10/2020 Fixed Deposits -- 0.35 - 0.69 0.53
equal Axis Bank 367-D 01/10/2020 Fixed Deposits -- 0.35 - 0.69 0.53
new Reserve Bank of India 182-D 25/03/2021 Treasury Bills SOV 0.00 - 0.27 0.27
equal Canara Bank 366-D 16/01/2021 Fixed Deposits -- 0.00 - 0.21 0.16
equal RBL Bank 365-D 15/01/2021 Fixed Deposits -- 0.00 - 0.14 0.11
equal AU Small Finance Bank 365-D 08/01/2021 Fixed Deposits -- 0.00 - 0.14 0.11
equal 7.00% GOI 21/01/2021 GOI Securities SOV 0.00 - 0.07 0.05

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 Reliance Industries Energy 32.38 8.76 0.00 8.76
down HDFC Financial 16.68 9.30 1.24 6.81
down ICICI Bank Financial 27.79 4.88 0.00 4.61
up Bharti Airtel Communication -- 4.71 0.00 3.77
up Axis Bank Financial 92.00 3.61 0.00 2.71
down State Bank of India Financial 8.04 3.91 0.00 2.08
down Hindustan Unilever FMCG 72.95 4.29 0.00 1.58
up Sun Pharmaceutical Inds. Healthcare 156.45 5.49 1.34 1.47
down Divi's Laboratories Healthcare 52.49 1.41 0.00 1.41
down Lupin Healthcare -- 1.39 0.01 1.39
equal Grasim Industries Construction 14.96 1.64 0.01 1.25
equal Adani Ports and Special Economic Zone Services 21.14 1.22 0.00 1.22
down Aurobindo Pharma Healthcare 15.65 2.62 0.27 1.15
down Indusind Bank Financial 13.13 1.51 0.00 1.15
up Cipla Healthcare 37.74 1.60 0.00 1.14
up Maruti Suzuki India Automobile 53.62 2.26 0.03 1.13
down Ultratech Cement Construction 22.02 1.48 0.00 1.03
up Mahindra & Mahindra Automobile -- 2.30 0.03 0.89
up Tech Mahindra Technology 20.10 1.48 0.00 0.89
up Zee Entertainment Services 683.84 0.85 0.00 0.85
down United Spirits FMCG 174.76 1.51 0.00 0.80
down Tata Motors Automobile -- 1.91 0.00 0.79
up ITC FMCG 14.23 3.23 0.00 0.77
down Nestle India FMCG 80.19 0.79 0.00 0.74
down Dr. Reddy's Lab Healthcare 43.62 2.64 0.00 0.70

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-2020

Fund Manager

— Kayzad Eghlim since 16-Feb-2011

Education: Mr. Eghlim is a B.Com (H) and M Com.

Experience: Prior to joining ICICI Prudential AMC he has worked with IDFC Investment Advisors Ltd., Prime Securities and Canara Robeco Mutual Fund.

Funds Managed:

— Manish Banthia since 19-Nov-2009

Education: Mr. Banthia is B.Com, CA and MBA

Experience: He is associated with ICICI Prudential Asset Management Company since Oct 2005, ICICI Prudential AMC - Fixed Income Investments - Aug 2007 to Oct 2009, ICICI Prudential AMC - New Product Development - Oct 2005 to Jul 2007, Aditya Birla Nuvo Ltd. - From May 2005 to Oct 2005, Aditya Birla Management Corporation Ltd. - From May 2004 to May 2005.

Funds Managed:


0.03%

Change from previous, NAV as on 27-Oct-2020

Growth: ₹ 26.4408

Dividend: ₹ 13.7810


Investment Strategy

The scheme seeks to generate low volatility returns by using arbitrage and other derivative strategies in equity markets and investments in short-term debt portfolio.

Investment Details

Minimum Investment (₹) 5,000
Minimum Addl Investment (₹) 1,000
Minimum SIP Investment (₹) 1,000
Minimum No of Cheques 6
Minimum Withdrawal (₹) 500
Minimum Balance (₹) --
Exit Load 0.25% for redemption within 30 days

Basic Details

Fund House: ICICI Prudential Mutual Fund
Launch Date: 30-Dec-2006
Return Since Launch: 7.28%
Benchmark: NIFTY 50 Arbitrage TRI
Riskometer: Moderately Low
Type: Open-ended
Assets: ₹ 9,277 Cr (As on 30-Sep-2020)
Expense: 0.98% (As on 30-Sep-2020)
Risk Grade: Average
Return Grade: Average
Turnover: 183.00%

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend26-Jun-20200.0500

 22-May-20200.1200
 27-Feb-20200.0514
 30-Jan-20200.0667
 30-Dec-20190.0337
 29-Nov-20190.0663
 23-Oct-20190.0479
 23-Sep-20190.0443
 26-Aug-20190.0730
 24-Jul-20190.0709
 25-Jun-20190.0246
 31-May-20190.1085
 26-Apr-20190.0986
 28-Mar-20190.0259
 27-Feb-20190.0480
 30-Jan-20190.0603
 28-Dec-20180.0496
 29-Nov-20180.0512
 26-Oct-20180.0989
 27-Sep-20180.0675
 30-Aug-20180.0590
 26-Jul-20180.0537
 28-Jun-20180.0740
 24-May-20180.0468
 25-Apr-20180.0874

Contact Information

AMC: ICICI Prudential Asset Management Company Ltd

Address: One BKC , A Wing , 13th Floor, Bandra Kurla Complex, Mumbai - 400051

Phone: 022-26525000 / 1800-222-999 / 1800-200-6666

Fax: 022-26528100

Email: [email protected]

Website: http://www.icicipruamc.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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