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Mutual Fund Publication

ICICI Prudential Equity Arbitrage Fund

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Hybrid: Arbitrage

1 Lakh

Investment Grown to
₹ 1.19 Lakh

₹ 10000

Monthly SIP Grown to
₹ 3.94 Lakh

Analyst's Choice?

Suitability:

Arbitrage funds invest in equity shares and derivatives and earn their returns through price differential between a stock and its futures. By investing in these funds, you can expect to earn better returns than what you would get from a bank account.

Arbitrage funds keep their equity investments fully hedged, which basically means that their returns are not impacted by the day-to-day ups and downs of the stock market. The risk of incurring a loss in these funds is low but they do not guarantee returns or safety of capital.

Retail investors can avoid these funds altogether. We believe that liquid funds are a better alternative with a somewhat similar risk-return payoff but better liquidity.

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 paid by the mutual fund scheme are taxed at the rate of 10% (effectively 11.648%, including surcharge and cess). This is known as Dividend Distribution Tax (DDT). Though the investor does not pay this tax directly, it is deducted from the dividend income before passing on to the investor.

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Annual Returns
Quarterly Returns
Monthly Returns
Weekly Returns

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(₹)
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cal

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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 0.96 0.09 0.14 0.50 1.33 2.51 5.97 5.95 6.30 7.08 7.50
CCIL T Bill Liquidity Weight* 0.56 0.01 0.01 0.31 0.83 1.79 4.07 4.13 4.44 4.77 4.71
Hybrid: Arbitrage* 0.98 0.03 0.13 0.50 1.24 2.55 5.84 5.74 6.25 6.90 7.13

As on 26-Feb-2020

* As on 27-Feb-2020

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 5.82 0.54 0.29 0.53 0.53 1.00
CCIL T Bill Liquidity Weight 4.06 0.27 -6.06 -10.48 -- --
Hybrid: Arbitrage 5.63 0.69 0.22 0.48 0.55 0.84

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

As on 31-Jan-2020

Asset Allocation (%)

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Concentration & Valuation

Number of Stocks 98
Top 10 Holdings (%) 32.35
Top 5 Holdings (%) 20.97
Top 3 Sectors (%) 0.00
Portfolio P/B Ratio 2.40
Portfolio P/E Ratio 21.85

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
equal Indusind Bank 26/08/2020 Certificate of Deposit A1+ 0.00 - 1.91 1.76
equal Axis Bank 18/09/2020 Certificate of Deposit A1+ 0.00 - 1.82 1.75
equal Bank of Baroda 2020 Certificate of Deposit A1+ 0.00 - 1.27 1.25
equal HDFC Bank 368-D 03/03/2020 Fixed Deposits -- 0.00 - 1.90 1.09
equal 8.51% HDFC 15/07/2020 Non Convertible Debenture AAA 0.00 - 1.16 0.95
equal RBL Bank 365-D 08/09/2020 Fixed Deposits -- 0.00 - 0.90 0.87
equal 6.98% National Bank Agr. Rur. Devp 30/09/2020 Debenture AAA 0.00 - 0.88 0.77
equal 8.70% HDFC 15/12/2020 Debenture AAA 0.00 - 0.75 0.74
equal RBL Bank 365-D 20/08/2020 Fixed Deposits -- 0.00 - 0.82 0.73
new Canara Bank 366-D 21/01/2021 Fixed Deposits -- 0.00 - 0.73 0.73
equal HDFC 337-D 26/05/2020 Commercial Paper A1+ 0.00 - 0.90 0.71
new Canara Bank 366-D 15/01/2021 Fixed Deposits -- 0.00 - 0.69 0.69
equal Axis Bank 18/12/2020 Certificate of Deposit A1+ 0.00 - 0.70 0.69
equal RBL Bank 365-D 29/09/2020 Fixed Deposits -- 0.00 - 0.62 0.58
equal 7.78% HDFC 24/03/2020 Debenture AAA 0.21 - 0.58 0.55
equal HDFC Bank 365-D 21/02/2020 Fixed Deposits -- 0.53 - 0.95 0.55
equal RBL Bank 365-D 05/12/2020 Fixed Deposits -- 0.00 - 0.55 0.55
new Canara Bank 365-D 08/01/2021 Fixed Deposits -- 0.00 - 0.55 0.55
equal Federal Bank 365-D 25/08/2020 Fixed Deposits -- 0.00 - 0.57 0.51
equal Federal Bank 371-D 25/05/2020 Fixed Deposits -- 0.00 - 0.73 0.51
equal Bharti Telecom 19/02/2020 Debenture AA+ 0.00 - 0.69 0.43
new 8.80% LIC Housing Fin. 24/12/2020 Debenture AAA 0.00 - 0.37 0.37
equal 8.80% HDFC 18/06/2020 Debenture AAA 0.00 - 0.49 0.37
equal 7.55% Tube Investments Of India 20/02/2020 Debenture AA+ 0.36 - 0.63 0.36
equal Federal Bank 365-D 03/11/2020 Fixed Deposits -- 0.00 - 0.37 0.36

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
up HDFC Financial 18.05 9.30 0.53 8.78
down HDFC Bank Financial 25.01 6.00 0.00 3.74
down Axis Bank Financial 43.35 3.14 0.00 2.95
down State Bank of India Financial 24.46 3.91 0.00 2.79
up Tata Consultancy Services Technology 24.35 3.32 0.00 2.72
down Reliance Industries Energy 20.26 6.89 0.00 2.63
up Sun Pharmaceutical Inds. Healthcare 23.29 5.49 0.09 2.57
up ITC FMCG 16.20 3.97 0.08 2.23
down Larsen & Toubro Construction 17.38 2.48 0.00 2.19
new Infosys Technology 20.26 6.00 0.00 1.72
up Grasim Industries Construction 11.57 1.38 0.00 1.38
down Hindustan Unilever FMCG 71.68 2.22 0.00 1.36
down Mahindra & Mahindra Automobile 28.46 2.30 0.17 1.16
up Maruti Suzuki India Automobile 30.71 3.17 0.03 1.09
up HCL Technologies Technology 14.94 1.08 0.00 1.08
down Bajaj Finance Financial 52.52 2.20 0.00 1.04
up Ultratech Cement Construction 35.31 0.99 0.00 0.99
down Tech Mahindra Technology 17.93 1.13 0.00 0.97
up Asian Paints Chemicals 65.13 1.55 0.00 0.86
down Bharti Airtel Communication -- 2.61 0.00 0.85
down Cipla Healthcare 20.37 0.99 0.00 0.73
up ICICI Bank Financial 35.13 3.01 0.00 0.70
up Titan Company Cons Durable 75.90 1.60 0.00 0.69
up JSW Steel Metals 11.45 3.41 0.11 0.68
down Adani Ports and Special Economic Zone Services 15.24 0.96 0.00 0.62

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-Jan-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:

— Dharmesh Kakkad since 05-Sep-2018

Education: Mr. kakkad is B.com., CA & CFA.

Experience: Mr. Kakkad is Manager in ICICI Prudential Mutual Fund since 2009.

Funds Managed:

Invest Now
0.04%

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

Growth: ₹ 25.7434

Dividend: ₹ 13.6424

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: 7.44%
Benchmark: NIFTY 50 Arbitrage
Riskometer: Moderately Low
Type: Open-ended
Assets: ₹ 13,739 Cr (As on 31-Jan-2020)
Expense: 0.93% (As on 31-Jan-2020)
Risk Grade: Average
Return Grade: Average
Turnover: 109.00%

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend30-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
 07-Mar-20180.2000
 07-Feb-20180.0468
 24-Jan-20180.0914

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: 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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