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3 star

IDFC Arbitrage Fund - Regular Plan


Hybrid: Arbitrage

1 Lakh

Investment Grown to
₹ 1.14 Lakh

₹ 10000

Monthly SIP Grown to
₹ 3.82 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 2.87 0.07 0.08 0.23 0.70 1.68 3.55 4.61 5.16 5.67 6.69
CCIL T Bill Liquidity Weight 1.64 0.03 0.00 0.11 0.53 1.08 2.06 3.34 3.61 4.04 4.52
Hybrid: Arbitrage 2.77 0.06 0.08 0.24 0.67 1.64 3.39 4.49 5.00 5.74 6.64
Rank within category 15 16 18 15 15 16 15 11 9 10 4
Number of funds in category 26 26 26 26 26 26 26 19 16 14 10

As on 22-Oct-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 3.55 4.61 5.16 1.05% 6,640
Kotak Equity Arbitrage Fund Regular Plan  | Invest Online
5 star
Sep-05 3.96 4.87 5.40 1.01% 25,000
Aditya Birla Sun Life Arbitrage Fund  | Invest Online
4 star
Jul-09 3.88 4.81 5.27 0.99% 8,675
Edelweiss Arbitrage Fund - Regular Plan  | Invest Online
5 star
Jun-14 3.79 4.93 5.39 1.10% 6,206
UTI Arbitrage Fund - Regular Plan  | Invest Online
4 star
Jun-06 3.87 4.91 5.36 0.93% 6,184

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 4.63 0.81 0.84 1.23 0.88 1.21
CCIL T Bill Liquidity Weight 3.34 0.40 -1.54 -3.94 -- --
Hybrid: Arbitrage 4.49 0.81 0.70 1.02 0.87 1.08
Rank within category 12 11 12 12 10 11
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 30-Sep-2021

Asset Allocation (%)

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Concentration & Valuation

Number of Stocks 156
Top 10 Holdings (%) 31.75
Top 5 Holdings (%) 19.70
Top 3 Sectors (%) --
Portfolio P/B Ratio 2.34
Portfolio P/E Ratio 17.67
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 IDFC Cash Direct Mutual Fund -- 0.00 - 7.03 7.03
up Reserve Bank of India 182-D 02/12/2021 Treasury Bills SOV 0.00 - 3.67 3.67
equal Reserve Bank of India 182-D 21/10/2021 Treasury Bills SOV 0.00 - 2.63 2.63
equal Reserve Bank of India 182-D 09/12/2021 Treasury Bills SOV 0.00 - 2.32 2.32
equal Reserve Bank of India 182-D 14/10/2021 Treasury Bills SOV 0.00 - 2.26 2.26
equal Reserve Bank of India 182-D 28/10/2021 Treasury Bills SOV 0.00 - 2.25 2.25
equal Reserve Bank of India 182-D 25/11/2021 Treasury Bills SOV 0.00 - 1.95 1.95
equal 7.68% GOI 15/12/2023 GOI Securities SOV 0.00 - 1.20 1.20
up Reserve Bank of India 182-D 18/11/2021 Treasury Bills SOV 0.00 - 1.12 1.12
equal First Business Receivable Trust Securitised Debt AAA 0.03 - 0.05 0.63
equal Reserve Bank of India 364-D 09/12/2021 Treasury Bills SOV 0.00 - 0.37 0.37
equal Reserve Bank of India 182-D 16/12/2021 Treasury Bills SOV 0.00 - 0.37 0.37
equal 6.99% HDFC 25/11/2021 Non Convertible Debenture AAA 0.21 - 0.23 0.23
new 9.17% NTPC 22/09/2024 Debenture AAA 0.00 - 0.08 0.08
new 7.69% National Bank Agr. Rur. Devp 29/05/2024 Non Convertible Debenture AAA 0.00 - 0.08 0.08
equal 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 0.07 - 0.08 0.08
equal 8.83% REC 21/01/2022 Non Convertible Debenture AAA 0.07 - 0.08 0.08
equal 7.14% REC 2021 Bonds AAA 0.07 - 0.08 0.08
equal 7.49% HDB Financial Services 18/11/2021 Bonds/NCDs AAA 0.00 - 0.08 0.08
equal 8.50% National Bank Agr. Rur. Devp Debenture AAA 0.03 - 0.03 0.03
equal 8.18% Power Finance Corporation 19/03/2022 Debenture AAA 0.03 - 0.03 0.03
equal 5.69% REC 30/09/2023 Non Convertible Debenture AAA 0.00 - 0.30 0.03
equal Sundaram Finance 2022 Debenture AAA 0.02 - 0.02 0.02
equal 7.18% National Bank Agr. Rur. Devp 2022 Non Convertible Debenture AAA 0.01 - 0.02 0.02

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
equal Adani Ports and Special Economic Zone Services 28.06 4.56 0.04 3.53
down ITC FMCG 20.93 4.96 0.00 2.84
down Vedanta Metals 8.15 2.76 0.00 2.55
up Sun Pharmaceutical Industries Healthcare 32.54 4.33 0.00 2.51
down Tata Power Company Energy 54.11 2.42 0.00 2.42
up Apollo Hospitals Healthcare 68.37 1.96 0.00 1.96
up Bajaj Finance Financial 104.39 3.91 0.00 1.63
up NMDC Metals 4.68 1.59 0.00 1.59
down Bandhan Bank Financial 25.67 1.79 0.00 1.58
up HDFC Asset Management Company Financial 43.32 1.54 0.00 1.54
down Zee Entertainment Services 30.11 1.88 0.00 1.52
up The Federal Bank Financial 12.27 1.45 0.00 1.45
down JSW Steel Metals 8.09 2.19 0.00 1.43
down Tata Chemicals Chemicals 47.38 1.35 0.00 1.30
up Cholamandalam Investment & Finance Company Financial 34.58 1.27 0.00 1.27
up Adani Enterprises Services 145.68 1.26 0.01 1.26
up Bank of Baroda Financial 14.33 1.36 0.00 1.16
down State Bank of India Financial 17.95 4.52 0.13 1.11
down Jindal Steel & Power Metals 12.41 1.54 0.00 1.06
up Bajaj Auto Automobile 19.89 1.59 0.00 1.05
up Escorts Automobile 20.49 1.04 0.00 1.04
up Maruti Suzuki India Automobile 43.62 2.76 0.00 1.01
up ACC Construction 20.23 1.07 0.00 0.99
up United Spirits FMCG 89.12 1.01 0.01 0.98
down Cadila Healthcare Healthcare 22.69 1.63 0.00 0.95

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 30-Sep-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:


0.07%

Change from previous, NAV as on 22-Oct-2021

Growth: ₹ 25.9986

IDCW Yearly: ₹ 10.7261

IDCW Monthly: ₹ 12.9235


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 (₹) 100
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: 6.65%
Benchmark: NIFTY 50 Arbitrage TRI
Riskometer: Low
Type: Open-ended
Assets: ₹ 6,640 Cr (As on 30-Sep-2021)
Expense: 1.05% (As on 30-Sep-2021)
Risk Grade: Average
Return Grade: Average
Turnover: 269.00%

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Monthly28-Sep-20210.0323

 26-Aug-20210.0323
 28-Jul-20210.0323
 28-Jun-20210.0323
 28-May-20210.0215
 26-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
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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