ICICI Prudential Equity Arbitrage Fund

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Hybrid: Arbitrage

Analysts' Choice?

1 Lakh

Investment Grown to

₹ 1.17 Lakh

₹ 10000

Monthly SIP Grown to

₹ 3.87 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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Annual Returns

Quarterly Returns

Monthly Returns

Weekly Returns

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Amount (₹)

Start date

End date

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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	0.16	0.02	0.02	0.30	0.75	1.55	3.97	5.38	5.70	6.31	7.17
CCIL T Bill Liquidity Weight	0.08	-0.01	0.04	0.10	0.46	1.07	2.95	3.78	4.00	4.42	4.70
Hybrid: Arbitrage	0.13	0.01	0.02	0.26	0.64	1.39	3.44	5.03	5.57	6.19	6.93
Rank within category	9	10	17	7	9	11	9	7	6	3	2
Number of funds in category	27	27	27	27	27	26	24	17	15	10	10

As on 25-Jan-2021

Peer Comparison

Fund name	Launch Date	1-Year Return	3-Year Return	5-Year Return	Expense Ratio	Assets (Cr)
ICICI Prudential Equity Arbitrage Fund \| Invest Now	Dec-06	3.97	5.38	5.70	0.98	9,441
Kotak Equity Arbitrage Fund Regular Plan \| Invest Online	Sep-05	4.07	5.49	5.79	1.00	14,908
Nippon India Arbitrage Fund \| Invest Online	Oct-10	4.00	5.59	5.80	1.01	8,029
Edelweiss Arbitrage Fund - Regular Plan \| Invest Online	Jun-14	4.19	5.49	5.80	1.10	3,195
UTI Arbitrage Fund - Regular Plan \| Invest Online	Jun-06	4.04	5.47	5.71	0.94	2,969

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	5.35	0.83	0.70	0.96	0.80	1.36
CCIL T Bill Liquidity Weight	3.78	0.34	-2.89	-5.80	--	--
Hybrid: Arbitrage	5.02	0.95	0.47	0.71	0.82	1.05
Rank within category	7	10	7	7	12	7
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 31-Dec-2020

Asset Allocation (%)

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Concentration & Valuation

Number of Stocks	107
Top 10 Holdings (%)	42.72
Top 5 Holdings (%)	28.24
Top 3 Sectors (%)	--
Portfolio P/B Ratio	2.31
Portfolio P/E Ratio	25.17
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
Reserve Bank of India 182-D 18/03/2021	Treasury Bills	SOV	0.00 - 7.37	7.37
Reserve Bank of India 364-D 25/03/2021	Treasury Bills	SOV	0.00 - 3.68	3.68
7.80% GOI 2021	Central Government Loan	SOV	0.00 - 3.03	2.95
RBL Bank 365-D 19/02/2021	Fixed Deposits	--	0.00 - 2.10	1.59
8.85% HDFC Bank 31/12/2099	Bonds	AA+	0.00 - 1.39	1.11
Reserve Bank of India 364-D 30/03/2021	Treasury Bills	SOV	0.00 - 1.05	1.05
LIC Housing Fin. 361-D 22/01/2021	Commercial Paper	A1+	0.00 - 0.93	0.74
8.25% Bharti Telecom 17/03/2021	Debenture	AA+	0.00 - 0.70	0.53
Reserve Bank of India 182-D 25/03/2021	Treasury Bills	SOV	0.00 - 0.27	0.26
AU Small Finance Bank 365-D 08/01/2021	Fixed Deposits	--	0.07 - 0.14	0.11
RBL Bank 365-D 15/01/2021	Fixed Deposits	--	0.07 - 0.14	0.11
7.00% GOI 21/01/2021	GOI Securities	SOV	0.00 - 0.07	0.05

Indicates an increase or decrease or no change in holding since last portfolio
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
Reliance Industries	Energy	30.33	8.76	0.00	6.75
HDFC	Financial	27.47	9.30	2.28	5.93
ICICI Bank	Financial	25.91	4.92	0.00	4.52
Axis Bank	Financial	54.52	3.61	0.00	3.34
Bharti Airtel	Communication	--	4.71	0.00	3.24
Sun Pharmaceutical Inds.	Healthcare	92.97	5.49	1.34	2.57
Maruti Suzuki India	Automobile	58.54	2.38	0.03	2.38
Infosys	Technology	29.80	6.00	0.00	2.33
Indusind Bank	Financial	22.20	2.17	0.00	2.17
State Bank of India	Financial	10.48	3.91	0.00	2.11
Tata Steel	Metals	--	2.38	0.00	1.96
Grasim Industries	Construction	20.40	1.64	0.11	1.57
Adani Ports and Special Economic Zone	Services	27.51	1.52	0.00	1.52
Larsen & Toubro	Construction	16.63	2.44	0.00	1.44
Cipla	Healthcare	36.92	1.60	0.00	1.32
Hindustan Unilever	FMCG	80.10	4.29	0.00	1.20
JSW Steel	Metals	23.06	3.41	0.09	1.05
Lupin	Healthcare	--	1.39	0.01	1.04
Tata Consultancy Services	Technology	39.18	5.36	0.00	0.92
Dr. Reddy's Lab	Healthcare	50.74	2.64	0.00	0.90
Mahindra & Mahindra	Automobile	--	2.30	0.03	0.82
Aurobindo Pharma	Healthcare	17.89	2.62	0.27	0.79
UPL	Chemicals	18.81	3.61	0.00	0.72
United Spirits	FMCG	258.04	0.93	0.03	0.70
HDFC Life Insurance	Financial	101.94	1.02	0.00	0.69

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

As on 31-Dec-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:

— 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 this, he worked with Kotak Mahindra AMC as Fixed Income Dealer and Integreon Managed Solutions as a Research Associate.

Funds Managed:

Invest Now

0.02%

Change from previous, NAV as on 25-Jan-2021

Growth: ₹ 26.6260

Dividend: ₹ 13.8272

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.

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

Exit Load

0.25% for redemption within 30 days

Fund House:	ICICI Prudential Mutual Fund
Launch Date:	30-Dec-2006
Return Since Launch:	7.20%
Benchmark:	NIFTY 50 Arbitrage TRI
Riskometer:	Low
Type:	Open-ended
Assets:	₹ 9,441 Cr (As on 31-Dec-2020)
Expense:	0.98% (As on 31-Dec-2020)
Risk Grade:	Average
Return Grade:	Average
Turnover:	193.00%

Plan

Record Date

Dividend (₹ / Unit)

Dividend

12-Nov-2020

0.0500

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	26-Jun-2020	0.0500
	22-May-2020	0.1200
	27-Feb-2020	0.0514
	30-Jan-2020	0.0667
	30-Dec-2019	0.0337
	29-Nov-2019	0.0663
	23-Oct-2019	0.0479
	23-Sep-2019	0.0443
	26-Aug-2019	0.0730
	24-Jul-2019	0.0709
	25-Jun-2019	0.0246
	31-May-2019	0.1085
	26-Apr-2019	0.0986
	28-Mar-2019	0.0259
	27-Feb-2019	0.0480
	30-Jan-2019	0.0603
	28-Dec-2018	0.0496
	29-Nov-2018	0.0512
	26-Oct-2018	0.0989
	27-Sep-2018	0.0675
	30-Aug-2018	0.0590
	26-Jul-2018	0.0537
	28-Jun-2018	0.0740
	24-May-2018	0.0468

Fund News - 29-Dec-2020

Change in Fund Manager under ICICI Prudential Mutual Fund
Fund News - 05-Sep-2018

Fund Manager Change in Seven Schemes of ICICI Prudential Mutual Fund
Fund News - 27-Nov-2017

Dividend Announced in Funds of ICICI Prudential Mutual Fund
Fund News - 27-Mar-2017

ICICI Prudential MIP Fund: Announces Dividend
Fund News - 30-Jan-2017

Dividend announced under ICICI Prudential Mutual Fund Schemes

ICICI Prudential Equity Arbitrage Fund

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Trailing Returns (%)

Peer Comparison

Best & Worst Performance

Risk Measures (%)

Asset Allocation (%)

Concentration & Valuation

Value Research Equity Fund Style

Value Research Debt Fund Style

Credit Rating vis-à-vis Category

Top Debt Holdings

Sector Allocation vis-à-vis Category

Top Equity Holdings

Fund Manager

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Investment Strategy

Investment Details

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