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3 star

ICICI Prudential Equity Arbitrage Fund


Hybrid: Arbitrage

1 Lakh

Investment Grown to
₹ 1.16 Lakh

₹ 10000

Monthly SIP Grown to
₹ 3.85 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 1.18 -0.06 -0.07 0.28 0.98 1.75 3.30 5.20 5.55 6.12 6.97
CCIL T Bill Liquidity Weight 0.63 0.01 0.03 0.14 0.48 0.96 2.23 3.61 3.86 4.31 4.65
Hybrid: Arbitrage 1.02 -0.05 -0.06 0.24 0.85 1.52 2.78 4.83 5.28 5.98 6.79
Rank within category 8 19 15 6 8 9 7 8 6 3 3
Number of funds in category 27 27 27 27 27 27 25 18 16 10 10

As on 05-May-2021

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 3.30 5.20 5.55 0.98 10,456
Kotak Equity Arbitrage Fund Regular Plan  | Invest Online
5 star
Sep-05 3.45 5.29 5.66 1.00 17,835
Nippon India Arbitrage Fund  | Invest Online
4 star
Oct-10 3.40 5.30 5.69 1.01 10,211
Aditya Birla Sun Life Arbitrage Fund  | Invest Online
4 star
Jul-09 3.32 5.20 5.52 0.94 5,552
UTI Arbitrage Fund - Regular Plan  | Invest Online
4 star
Jun-06 3.46 5.28 5.60 0.95 3,843

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) 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 5.14 0.84 0.90 1.27 0.82 1.43
CCIL T Bill Liquidity Weight 3.56 0.38 -2.17 -5.20 -- --
Hybrid: Arbitrage 4.78 0.95 0.65 0.99 0.83 1.09
Rank within category 7 13 8 8 10 7
Number of funds in category 18 18 18 18 18 18

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

As on 30-Apr-2021

Asset Allocation (%)

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Concentration & Valuation

Number of Stocks 126
Top 10 Holdings (%) 32.24
Top 5 Holdings (%) 18.52
Top 3 Sectors (%) 0.03
Portfolio P/B Ratio 2.31
Portfolio P/E Ratio 23.96
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
new Reserve Bank of India 91-D 11/06/2021 Treasury Bills SOV 0.00 - 3.33 3.33
equal Reserve Bank of India 182-D 19/08/2021 Treasury Bills SOV 0.00 - 2.83 2.83
equal 7.80% GOI 2021 Central Government Loan SOV 0.00 - 3.03 2.63
new Reserve Bank of India 364-D 20/05/2021 Treasury Bills SOV 0.00 - 2.62 2.62
equal 8.85% HDFC Bank Additional Tier 1 Bond AA+ 0.91 - 1.18 0.98
new Reserve Bank of India 364-D 29/04/2021 Treasury Bills SOV 0.00 - 0.57 0.57
new Reserve Bank of India 182-D 06/05/2021 Treasury Bills SOV 0.00 - 0.52 0.52

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 26.42 8.76 0.00 4.64
down ICICI Bank Financial 22.68 4.92 0.00 4.29
up Adani Ports and Special Economic Zone Services 30.18 3.24 0.00 3.24
down HDFC Financial 24.51 9.30 3.03 3.03
down State Bank of India Financial 13.68 3.91 0.00 2.94
up Bharti Airtel Communication -- 4.71 0.00 2.69
up Sun Pharmaceutical Inds. Healthcare 68.04 5.49 1.34 2.48
up Larsen & Toubro Construction 16.36 2.46 0.00 2.46
down Tata Steel Metals -- 2.42 0.00 2.42
down Axis Bank Financial 30.54 3.61 0.00 2.35
down Grasim Industries Construction 23.06 1.86 0.14 1.74
up Tata Motors Automobile -- 1.91 0.00 1.70
up Tata Consultancy Services Technology 35.32 5.36 0.00 1.54
up Indusind Bank Financial 24.59 2.17 0.00 1.51
down Maruti Suzuki India Automobile 45.37 2.38 0.03 1.41
up JSW Steel Metals 43.97 3.41 0.09 1.40
equal Adani Enterprises Services 185.87 1.34 0.00 1.34
down Asian Paints Chemicals 89.59 2.01 0.00 1.21
up Tech Mahindra Technology 21.03 1.48 0.00 1.08
down Hindustan Unilever FMCG 70.38 4.29 0.00 1.06
up Dr. Reddy's Lab Healthcare 39.45 2.64 0.00 1.05
up UPL Chemicals 20.18 3.61 0.00 0.98
down Cipla Healthcare 32.03 1.60 0.00 0.98
up HCL Technologies Technology 22.15 1.77 0.00 0.93
up Hindalco Inds. Metals 37.10 1.34 0.00 0.93

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-Mar-2021

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:

— Nikhil Kabra since 28-Dec-2020

Education: Mr. Kabra is a B.Com and Chartered Accountant.

Experience: Prior to joining ICICI Prudential AMC from September 25, 2013 he was associated with Sumedha Fiscal Services Limited from October 2012 to September 2013 and Haribhakti & Co. from September 2010 to October 2012.

Funds Managed:

— Rohan Maru since 28-Dec-2020

Education: Mr. Maru is M.Com and MBA in Finance.

Experience: Prior to joining ICICI Prudential Mutual Fund, he has worked with Kotak Mahindra AMC as Fixed Income Dealer and Integreon Managed Solutions as a Research Associate.

Funds Managed:


-0.06%

Change from previous, NAV as on 05-May-2021

Growth: ₹ 26.8995

IDCW: ₹ 13.9693


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 (₹) --
Lock-in Period Not Applicable
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: 7.14%
Benchmark: NIFTY 50 Arbitrage TRI
Riskometer: Low
Type: Open-ended
Assets: ₹ 10,456 Cr (As on 31-Mar-2021)
Expense: 0.98% (As on 31-Mar-2021)
Risk Grade: Average
Return Grade: Average
Turnover: 189.00%

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW12-Nov-20200.0500

 26-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

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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