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3 star

ICICI Prudential Equity Arbitrage Fund


Hybrid: Arbitrage

1 Lakh

Investment Grown to
₹ 1.15 Lakh

₹ 10000

Monthly SIP Grown to
₹ 3.84 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 3.71 0.14 0.19 0.57 0.98 2.13 4.09 4.82 5.21 5.81 6.88
CCIL T Bill Liquidity Weight 1.84 0.03 0.05 0.20 0.47 1.08 2.01 3.25 3.53 4.01 4.49
Hybrid: Arbitrage 3.29 0.11 0.18 0.49 0.84 1.88 3.64 4.51 4.93 5.72 6.61
Rank within category 5 2 10 3 6 4 5 8 7 6 2
Number of funds in category 26 26 26 26 26 26 26 19 16 14 10

As on 26-Nov-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 4.09 4.82 5.21 0.94% 14,821
Kotak Equity Arbitrage Fund Regular Plan  | Invest Online
5 star
Sep-05 4.21 4.91 5.35 1.00% 24,430
Aditya Birla Sun Life Arbitrage Fund  | Invest Online
4 star
Jul-09 4.13 4.84 5.21 0.99% 8,942
UTI Arbitrage Fund - Regular Plan  | Invest Online
4 star
Jun-06 4.10 4.92 5.29 0.94% 6,067
Edelweiss Arbitrage Fund - Regular Plan  | Invest Online
5 star
Jun-14 4.08 4.96 5.34 1.10% 6,017

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 4.65 0.80 0.97 1.37 0.83 1.29
CCIL T Bill Liquidity Weight 3.25 0.40 -1.53 -4.22 -- --
Hybrid: Arbitrage 4.39 0.80 0.68 0.99 0.81 1.02
Rank within category 8 14 8 10 12 10
Number of funds in category 19 19 19 19 19 19

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

As on 31-Oct-2021

Asset Allocation (%)

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Concentration & Valuation

Number of Stocks 160
Top 10 Holdings (%) 31.84
Top 5 Holdings (%) 19.08
Top 3 Sectors (%) 0.00
Portfolio P/B Ratio 2.66
Portfolio P/E Ratio 17.74
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 6.10% GOI 2031 GOI Securities SOV 0.00 - 5.58 5.58
equal Reserve Bank of India 182-D 30/12/2021 Treasury Bills SOV 0.00 - 3.96 3.35
equal Reserve Bank of India 364-D 06/01/2022 Treasury Bills SOV 0.00 - 3.35 3.35
equal Reserve Bank of India 182-D Treasury Bills SOV 0.00 - 3.17 3.17
new Reserve Bank of India 91-D 06/01/2022 Treasury Bills SOV 0.00 - 2.68 2.68
equal Panatone Finvest 277-D 11/02/2022 Commercial Paper A1+ 0.00 - 3.42 2.66
new Reserve Bank of India 91-D 13/01/2022 Treasury Bills SOV 0.00 - 1.95 1.95
new 6.67% GOI 15/12/2035 GOI Securities SOV 0.00 - 1.66 1.66
equal Reserve Bank of India 91-D 11/11/2021 Treasury Bills SOV 0.00 - 1.01 1.01
equal 8.85% HDFC Bank Additional Tier 1 Bond AA+ 0.65 - 1.11 0.69
equal Reserve Bank of India 182-D 25/11/2021 Treasury Bills SOV 0.00 - 0.67 0.67
new Reserve Bank of India 182-D 14/04/2022 Treasury Bills SOV 0.00 - 0.61 0.61
equal Reserve Bank of India 91-D 19/11/2021 Treasury Bills SOV 0.00 - 0.16 0.16
equal 5.50% Britannia Inds. 2024 Non Convertible Debenture AAA 0.00 - 0.00 0.00

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 Tata Steel Metals 4.36 3.86 0.00 3.62
down ICICI Bank Financial 23.61 4.92 0.00 2.76
up Adani Ports and Special Economic Zone Services 28.69 3.46 0.00 2.49
down State Bank of India Financial 14.65 3.91 1.26 2.18
down HDFC Financial 23.83 9.30 2.04 2.07
down Vedanta Metals 7.08 1.86 0.00 1.86
down Sun Pharmaceutical Industries Healthcare 29.53 3.67 1.34 1.76
down Reliance Industries Energy 31.22 8.76 0.09 1.74
down ITC FMCG 19.34 2.70 0.00 1.55
equal JSW Steel Metals 7.62 2.08 0.09 1.50
up HCL Technologies Technology 26.06 1.77 0.00 1.40
equal Adani Enterprises Services 180.97 1.74 0.00 1.36
up Tata Consultancy Services Technology 34.84 5.36 0.00 1.29
down Tata Power Company Energy 49.96 1.21 0.20 1.21
up Indusind Bank Financial 17.81 2.17 0.00 1.16
up Zee Entertainment Services 28.37 1.15 0.00 1.15
up Grasim Industries Construction 18.15 1.86 0.15 1.12
equal Bajaj Finance Financial 82.53 2.20 0.00 1.06
down Larsen & Toubro Construction 28.52 2.46 0.00 1.05
up DLF Construction 56.57 0.99 0.00 0.99
up SBI Life Insurance Company Insurance 91.39 0.91 0.00 0.91
up UPL Chemicals 16.98 3.61 0.00 0.87
down Bharat Petroleum Corporation Energy 4.56 1.25 0.00 0.87
equal Jindal Steel & Power Metals 5.28 1.16 0.00 0.86
up Titan Company Consumer Durable 116.40 1.42 0.01 0.82

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-Oct-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:


0.14%

Change from previous, NAV as on 26-Nov-2021

Growth: ₹ 27.5710

IDCW: ₹ 14.1163


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: 7.03%
Benchmark: NIFTY 50 Arbitrage TRI
Riskometer: Low
Type: Open-ended
Assets: ₹ 14,821 Cr (As on 31-Oct-2021)
Expense: 0.94% (As on 31-Oct-2021)
Risk Grade: Average
Return Grade: Average
Turnover: 133.00%

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW01-Nov-20210.0500

 04-Oct-20210.0500
 02-Sep-20210.0500
 05-Aug-20210.0500
 12-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

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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