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3 star

IDFC Arbitrage Fund - Regular Plan


Hybrid: Arbitrage

1 Lakh

Investment Grown to
₹ 1.17 Lakh

₹ 10000

Monthly SIP Grown to
₹ 3.86 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 0.09 0.03 0.12 0.17 0.72 1.60 3.56 5.31 5.57 6.20 6.99
CCIL T Bill Liquidity Weight 0.06 0.01 0.04 0.13 0.48 1.09 3.02 3.79 4.01 4.43 4.70
Hybrid: Arbitrage 0.10 0.03 0.12 0.17 0.67 1.51 3.52 5.04 5.59 6.20 6.94
Rank within category 18 13 17 15 15 15 15 9 10 7 4
Number of funds in category 27 27 27 27 27 26 24 17 15 10 10

As on 21-Jan-2021

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
IDFC Arbitrage Fund - Regular Plan
3 star
Dec-06 3.56 5.31 5.57 1.09 6,670
Kotak Equity Arbitrage Fund Regular Plan  | Invest Online
5 star
Sep-05 4.12 5.49 5.80 1.00 14,908
Nippon India Arbitrage Fund  | Invest Online
4 star
Oct-10 4.08 5.61 5.82 1.01 8,029
Edelweiss Arbitrage Fund - Regular Plan  | Invest Online
5 star
Jun-14 4.27 5.50 5.82 1.10 3,195
UTI Arbitrage Fund - Regular Plan  | Invest Online
4 star
Jun-06 4.12 5.47 5.72 0.94 2,969

Best & Worst Performance

Best (Period) Worst (Period)
Week 1.04 (16-Jan-2008 - 23-Jan-2008) -0.56 (29-May-2020 - 05-Jun-2020)
Month 1.73 (24-Dec-2007 - 23-Jan-2008) -0.24 (29-May-2020 - 29-Jun-2020)
Quarter 3.06 (21-Mar-2012 - 20-Jun-2012) -0.03 (29-May-2020 - 28-Aug-2020)
Year 9.80 (03-Feb-2012 - 04-Feb-2013) 2.95 (02-Mar-2009 - 02-Mar-2010)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 5.28 0.83 0.62 0.84 0.74 1.24
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 9 9 10 11 8 11
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 113
Top 10 Holdings (%) 40.32
Top 5 Holdings (%) 23.16
Top 3 Sectors (%) --
Portfolio P/B Ratio 2.93
Portfolio P/E Ratio 29.28
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 Reserve Bank of India 182-D 14/01/2021 Treasury Bills SOV 0.00 - 5.99 5.99
equal Reserve Bank of India 91-D 14/01/2021 Treasury Bills SOV 0.00 - 4.12 4.12
new Reserve Bank of India 182-D 18/02/2021 Treasury Bills SOV 0.00 - 3.70 3.70
up Reserve Bank of India 182-D 25/02/2021 Treasury Bills SOV 0.00 - 2.99 2.99
up Reserve Bank of India 182-D 18/03/2021 Treasury Bills SOV 0.00 - 2.68 2.68
equal Bank of Baroda Fixed Deposits -- 0.62 - 2.72 2.64
new Reserve Bank of India 182-D 11/02/2021 Treasury Bills SOV 0.00 - 1.49 1.49
equal 8.32% Reliance Jio Infocomm 2021 Debenture AAA 0.00 - 0.77 0.77
equal Axis Bank Fixed Deposits -- 0.75 - 19.08 0.75
equal HDFC 28/10/2021 Commercial Paper A1+ 0.00 - 0.73 0.73
equal First Business Receivable Trust Securitised Debt AAA 0.02 - 0.05 0.71
equal HDFC Bank Fixed Deposits -- 0.57 - 4.91 0.61
new Reserve Bank of India 182-D 11/03/2021 Treasury Bills SOV 0.00 - 0.37 0.37
equal 6.99% HDFC 25/11/2021 Non Convertible Debenture AAA 0.00 - 0.23 0.23
equal 8.00% Export-Import Bank 27/05/2021 Bonds AAA 0.00 - 0.23 0.23
equal HDFC 363-D 10/02/2021 Commercial Paper A1+ 0.00 - 0.15 0.15
equal 8.70% Reliance Industries 18/07/2021 Debenture AAA 0.00 - 0.08 0.08
equal 8.81% SIDBI 25/01/2022 Debenture AAA 0.00 - 0.08 0.08
equal 8.83% REC 21/01/2022 Non Convertible Debenture AAA 0.00 - 0.08 0.08
equal 7.14% REC 2021 Bonds AAA 0.00 - 0.08 0.08
equal 9.57% IRFC 31/05/2021 Bonds AAA 0.00 - 0.08 0.08
new Reserve Bank of India 364-D 18/03/2021 Treasury Bills SOV 0.00 - 0.07 0.07
equal 8.93% NTPC 19/01/2021 Bonds AAA 0.00 - 0.08 0.07
equal Kotak Mahindra Bank 2021 Certificate of Deposit A1+ 0.00 - 0.29 0.07
equal HDFC 357-D 24/02/2021 Commercial Paper A1+ 0.00 - 0.06 0.06

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 HDFC Financial 29.66 6.07 0.00 4.64
up Sun Pharmaceutical Inds. Healthcare 95.11 4.33 0.00 4.33
down Reliance Industries Energy 34.81 7.08 0.00 4.08
down Bharti Airtel Communication -- 7.04 0.00 3.98
down ICICI Bank Financial 27.41 6.29 0.00 3.81
up Cipla Healthcare 35.62 2.43 0.00 2.43
down Maruti Suzuki India Automobile 60.07 2.76 0.00 2.36
up ITC FMCG 19.18 4.96 0.00 2.29
down Larsen & Toubro Construction 16.93 3.58 0.00 1.77
up Pidilite Industries Chemicals 102.24 1.74 0.00 1.74
up Colgate-Palmolive FMCG 47.81 1.59 0.00 1.58
down Tata Consumer Products FMCG 87.25 1.66 0.00 1.56
down Bajaj Auto Automobile 25.12 1.59 0.00 1.32
up Tata Motors Automobile -- 1.73 0.00 1.29
down SBI Life Insurance Company Financial 54.58 1.37 0.00 1.25
down Tata Steel Metals -- 4.03 0.00 1.20
up Lupin Healthcare -- 1.93 0.00 1.19
up Axis Bank Financial 58.30 4.24 0.00 1.18
up Dabur India FMCG 63.18 1.15 0.00 1.15
new Bajaj Finserv Financial 39.09 1.84 0.00 1.08
up Eicher Motors Automobile 60.56 2.83 0.00 1.03
down Tata Consultancy Services Technology 39.33 2.56 0.00 0.93
down Marico FMCG 48.41 1.36 0.12 0.91
up Grasim Industries Construction 19.54 1.74 0.02 0.88
up United Spirits FMCG 251.32 1.01 0.01 0.85

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-Dec-2020

Fund Manager

— Arpit Kapoor since 01-Mar-2017

Education: Mr. Kapoor is a B.Tech. from Uttar Pradesh Technical University and PGDM from IIM Kozhikode

Experience: Prior to joining IDFC Mutual Fund he has considerable experience in Equity markets while working with UTI Mutual Fund.

Funds Managed:

— Yogik Pitti since 27-Jun-2013

Education: He is a B.Com (H)

Experience: He has been associated with IDFC Mutual Fund since 2007.

Funds Managed:

— Harshal Joshi since 20-Oct-2016

Education: Mr. Joshi is PGDBM from N.L. Dalmia Institute of Management Studies and Research, Mumbai

Experience: Prior to joining IDFC Mutual fund in 2008 he has worked with ICAP India Pvt. Ltd.

Funds Managed:


0.03%

Change from previous, NAV as on 21-Jan-2021

Growth: ₹ 25.2961

Dividend Yearly: ₹ 10.4357

Dividend Monthly: ₹ 12.8068


Investment Strategy

The scheme aims to generate capital appreciation and income by predominantly investing in arbitrage opportunities in the cash and the derivative segments of the equity markets and the arbitrage opportunities available within the derivative segment and by investing the balance in debt and money market instruments.

Investment Details

Minimum Investment (₹) 100
Minimum Addl Investment (₹) 100
Minimum SIP Investment (₹) 1,000
Minimum No of Cheques 6
Minimum Withdrawal (₹) 500
Minimum Balance (₹) 500
Exit Load 0.25% for redemption within 30 days

Basic Details

Fund House: IDFC Mutual Fund
Launch Date: 21-Dec-2006
Return Since Launch: 6.81%
Benchmark: NIFTY 50 Arbitrage TRI
Riskometer: Low
Type: Open-ended
Assets: ₹ 6,670 Cr (As on 31-Dec-2020)
Expense: 1.09% (As on 31-Dec-2020)
Risk Grade: Average
Return Grade: Average
Turnover: 263.00%

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Monthly28-Dec-20200.0213

 25-Nov-20200.0213
 28-Oct-20200.0213
 28-Sep-20200.0212
 31-Aug-20200.0212
 28-Jul-20200.0212
 26-Jun-20200.0319
 28-May-20200.0426
 28-Apr-20200.0318
 20-Mar-20200.0754
 28-Feb-20200.0472
 28-Jan-20200.0472
 27-Dec-20190.0472
 28-Nov-20190.0472
 30-Oct-20190.0496
 27-Sep-20190.0472
 29-Aug-20190.0591
 26-Jul-20190.0614
 27-Jun-20190.0614
 30-May-20190.0661
 26-Apr-20190.0613
 28-Mar-20190.0565
 27-Feb-20190.0565
 30-Jan-20190.0566
 27-Dec-20180.0443
Dividend Yearly20-Mar-20200.7821

 15-Mar-20190.5844
 22-Mar-20180.5812
 29-Mar-20171.0488

Contact Information

AMC: IDFC Asset Management Company Limited

Address: Unit No. 27, Ground Floor, Khetan Bhavan,198, Jamshedji Tata Road, Churchgate, Mumbai - 400020

Phone: 022-24398777 / 24399999 / 66289999

Fax: 24215052 / 24215051

Email: [email protected]

Website: http://www.idfcmf.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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