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3 star

IDFC Arbitrage Fund - Regular Plan


Hybrid: Arbitrage

1 Lakh

Investment Grown to
₹ 1.16 Lakh

₹ 10000

Monthly SIP Grown to
₹ 3.83 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 1.11 -0.05 -0.08 0.23 0.89 1.64 3.06 5.07 5.43 5.98 6.84
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 13 10 23 17 14 14 14 10 9 6 4
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)
IDFC Arbitrage Fund - Regular Plan
3 star
Dec-06 3.06 5.07 5.43 0.97 6,756
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 1.04 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 2.71 16-Mar-2020 - 16-Mar-2021

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 5.02 0.83 0.77 1.12 0.80 1.30
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 10 12 10 12 9 11
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 128
Top 10 Holdings (%) 35.81
Top 5 Holdings (%) 21.31
Top 3 Sectors (%) --
Portfolio P/B Ratio 2.80
Portfolio P/E Ratio 25.03
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
equal Reserve Bank of India 364-D 08/04/2021 Treasury Bills SOV 0.00 - 6.66 6.66
new Reserve Bank of India 364-D 03/06/2021 Treasury Bills SOV 0.00 - 3.34 3.34
equal Reserve Bank of India 182-D 29/04/2021 Treasury Bills SOV 0.00 - 3.07 3.07
new Reserve Bank of India 364-D 20/05/2021 Treasury Bills SOV 0.00 - 1.62 1.62
new Reserve Bank of India 364-D 27/05/2021 Treasury Bills SOV 0.00 - 1.47 1.47
new Reserve Bank of India 91-D 11/06/2021 Treasury Bills SOV 0.00 - 1.47 1.47
equal Reserve Bank of India 364-D 15/04/2021 Treasury Bills SOV 0.00 - 1.40 1.40
new Reserve Bank of India 182-D 06/05/2021 Treasury Bills SOV 0.00 - 0.96 0.96
new Reserve Bank of India 364-D 13/05/2021 Treasury Bills SOV 0.00 - 0.96 0.96
equal Reserve Bank of India 364-D 29/04/2021 Treasury Bills SOV 0.00 - 0.74 0.74
new Reserve Bank of India 364-D 17/06/2021 Treasury Bills SOV 0.00 - 0.74 0.74
down First Business Receivable Trust Securitised Debt AAA 0.02 - 0.05 0.64
equal 7.28% HDFC 26/09/2022 Debenture AAA 0.00 - 0.38 0.38
down 7.06% HDFC 13/12/2021 Non Convertible Debenture AAA 0.00 - 0.74 0.38
equal 8.37% National Bank Agr. Rur. Devp 2021 Debenture AAA 0.00 - 0.38 0.38
new 7.24% LIC Housing Fin. 23/08/2021 Non Convertible Debenture AAA 0.00 - 0.37 0.37
new 5.23% LIC Housing Fin. 26/07/2023 Debenture AAA 0.00 - 0.37 0.37
new Reserve Bank of India 182-D 15/07/2021 Treasury Bills SOV 0.00 - 0.37 0.37
equal 6.72% Power Finance Corp. 2023 Debenture AAA 0.00 - 0.31 0.31
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 0.22
equal Reserve Bank of India 364-D 22/04/2021 Treasury Bills SOV 0.00 - 0.22 0.22
equal 8.70% Reliance Industries 18/07/2021 Debenture AAA 0.07 - 0.08 0.08
new 8.50% LIC Housing Fin. 20/06/2022 Non Convertible Debenture AAA 0.00 - 0.08 0.08
equal 8.81% SIDBI 25/01/2022 Debenture AAA 0.00 - 0.08 0.08

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 ICICI Bank Financial 22.68 6.29 0.00 4.26
up Sun Pharmaceutical Inds. Healthcare 68.04 4.33 0.00 3.71
up Bharti Airtel Communication -- 7.04 0.00 3.34
up Adani Ports and Special Economic Zone Services 30.18 3.12 0.00 3.12
down HDFC Financial 24.51 6.07 0.06 2.82
down Larsen & Toubro Construction 16.36 3.58 0.00 2.75
down ITC FMCG 18.71 4.96 0.00 2.73
down Asian Paints Chemicals 89.59 2.37 0.00 2.37
up Tata Steel Metals -- 4.03 0.00 2.04
up State Bank of India Financial 13.68 4.52 0.00 2.03
down Axis Bank Financial 30.54 4.24 0.00 1.86
up Infosys Technology 29.54 5.20 0.00 1.86
up Bajaj Auto Automobile 22.90 1.59 0.00 1.42
down Colgate-Palmolive FMCG 43.94 1.59 0.00 1.41
down Maruti Suzuki India Automobile 45.37 2.76 0.00 1.24
up Tech Mahindra Technology 21.03 2.38 0.00 1.18
down Tata Power Energy 28.66 1.11 0.00 1.11
down Pidilite Industries Chemicals 93.71 1.74 0.00 1.07
down Tata Motors Automobile -- 1.73 0.00 1.02
down JSW Steel Metals 43.97 2.19 0.00 0.89
up Tata Consultancy Services Technology 35.32 2.56 0.00 0.85
down Bajaj Finserv Financial 39.54 1.84 0.00 0.82
up ACC Construction 21.23 2.03 0.00 0.79
up Info Edge (India) Services 51.12 0.79 0.00 0.76
down United Spirits FMCG 168.84 1.01 0.01 0.75

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

— 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: Prior to joining IDFC Mutual Fund, he was associated with CRISIL.

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:


-0.05%

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

Growth: ₹ 25.5536

IDCW Yearly: ₹ 10.5425

IDCW Monthly: ₹ 12.8513


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
Lock-in Period Not Applicable
Exit Load 0.25% for redemption within 30 days

Basic Details

Fund House: IDFC Mutual Fund
Launch Date: 21-Dec-2006
Return Since Launch: 6.74%
Benchmark: NIFTY 50 Arbitrage TRI
Riskometer: Low
Type: Open-ended
Assets: ₹ 6,756 Cr (As on 31-Mar-2021)
Expense: 0.97% (As on 31-Mar-2021)
Risk Grade: Average
Return Grade: Average
Turnover: 248.00%

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Monthly26-Apr-20210.0214

 25-Mar-20210.0214
 26-Feb-20210.0214
 28-Jan-20210.0213
 28-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
IDCW 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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