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IDFC Arbitrage Fund - Regular Plan


1 Lakh

Investment Grown to
₹ 1.20 Lakh

₹ 10000

Monthly SIP Grown to
₹ 3.96 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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(₹)
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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 1.33 0.33 0.46 0.76 1.57 2.83 6.53 6.16 6.30 7.04 7.27
CCIL T Bill Liquidity Weight 0.58 0.02 0.03 0.28 0.79 1.74 4.08 4.14 4.44 4.77 4.71
Hybrid: Arbitrage 1.30 0.32 0.44 0.74 1.52 2.80 6.26 5.88 6.31 6.96 7.20
Rank within category 13 10 10 12 13 17 10 7 9 5 3
Number of funds in category 24 25 25 24 24 23 23 17 15 10 9

As on 28-Feb-2020

Best & Worst Performance

Best (Period) Worst (Period)
Week 1.04 (16-Jan-2008 - 23-Jan-2008) -0.43 (01-Nov-2007 - 08-Nov-2007)
Month 1.73 (24-Dec-2007 - 23-Jan-2008) -0.20 (22-Apr-2009 - 22-May-2009)
Quarter 3.06 (21-Mar-2012 - 20-Jun-2012) 0.32 (02-Mar-2009 - 01-Jun-2009)
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 5.90 0.50 0.46 0.88 0.60 1.19
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
Rank within category 7 6 6 7 12 4
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-Jan-2020

Asset Allocation (%)

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Concentration & Valuation

Number of Stocks 112
Top 10 Holdings (%) 35.19
Top 5 Holdings (%) 23.11
Top 3 Sectors (%) --
Portfolio P/B Ratio 2.46
Portfolio P/E Ratio 22.57

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 Axis Bank Fixed Deposits -- 0.29 - 10.13 10.13
equal HDFC Bank Fixed Deposits -- 2.77 - 13.93 2.77
equal ICICI Bank Fixed Deposits -- 0.14 - 2.70 2.37
equal Federal Bank Fixed Deposits -- 0.11 - 2.07 1.55
equal IDFC First Bank Fixed Deposits -- 1.51 - 4.42 1.51
up 7.00% Reliance Industries 31/08/2022 Non Convertible Debenture AAA 0.00 - 0.86 0.86
new Axis Bank 20/08/2020 Certificate of Deposit A1+ 0.00 - 0.79 0.79
new Reliance Jio Infocomm 364-D 29/01/2021 Commercial Paper A1+ 0.00 - 0.77 0.77
up 7.60% HDFC 26/06/2020 Debenture AAA 0.00 - 0.82 0.71
up 6.77% Larsen & Toubro 20/08/2020 Non Convertible Debenture AAA 0.00 - 0.62 0.62
new Bank of Baroda Fixed Deposits -- 0.00 - 0.62 0.62
new Reliance Jio Infocomm 91-D 15/04/2020 Commercial Paper A1+ 0.00 - 0.61 0.61
up 6.98% National Bank Agr. Rur. Devp 30/09/2020 Debenture AAA 0.00 - 0.49 0.49
equal First Business Receivable Trust Securitised Debt AAA 0.02 - 0.02 0.42
down 8.40% LIC Housing Fin. 13/07/2020 Debenture AAA 0.00 - 0.47 0.42
new 8.65% LIC Housing Fin. 15/09/2020 Debenture AAA 0.00 - 0.41 0.41
new 9.11% LIC Housing Fin. 19/06/2020 Non Convertible Debenture AAA 0.00 - 0.62 0.41
equal 7.40% HDFC 17/11/2020 Non Convertible Debenture AAA 0.00 - 0.34 0.33
down 7.39% LIC Housing Fin. 30/08/2022 Debenture AAA 0.00 - 0.42 0.33
up 8.80% HDFC 18/06/2020 Debenture AAA 0.00 - 0.55 0.21
equal 7.05% Power Finance Corp. 15/05/2020 Debenture AAA 0.00 - 0.27 0.21
new 7.79% LIC Housing Fin. 18/10/2024 Debenture AAA 0.00 - 0.21 0.21
new Axis Bank 29/05/2020 Certificate of Deposit A1+ 0.00 - 0.20 0.20
new Sundaram Finance 365-D 28/01/2021 Commercial Paper A1+ 0.00 - 0.19 0.19
down 7.07% Reliance Industries 24/12/2020 Bonds/Debentures AAA 0.00 - 1.39 0.12

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 Bharti Airtel Communication -- 3.96 0.00 3.96
down Larsen & Toubro Construction 17.00 3.58 0.00 3.58
down State Bank of India Financial 23.02 3.28 0.00 2.66
down Axis Bank Financial 41.06 4.24 0.00 2.49
up ITC FMCG 16.21 4.96 0.00 2.47
down Bajaj Finance Financial 49.25 3.91 0.00 2.39
down HDFC Bank Financial 24.57 3.72 0.00 2.37
down HDFC Financial 17.28 4.84 0.00 2.32
up Indusind Bank Financial 17.00 2.32 0.00 2.32
down Reliance Industries Energy 19.42 6.91 0.00 2.31
up ICICI Bank Financial 33.85 5.25 0.00 2.04
down Maruti Suzuki India Automobile 30.70 2.52 0.00 1.92
down Asian Paints Chemicals 63.50 1.90 0.00 1.83
up Grasim Industries Construction 11.14 1.74 0.00 1.74
down Sun Pharmaceutical Inds. Healthcare 22.37 5.13 0.00 1.58
up Tata Consultancy Services Technology 23.16 2.56 0.00 1.49
down Bajaj Finserv Financial 35.97 1.84 0.00 1.38
down Adani Ports and Special Economic Zone Services 14.76 1.92 0.00 1.25
up Vedanta Metals 5.00 2.63 0.00 1.09
up Dabur India FMCG 57.13 1.02 0.00 1.02
up ACC Construction 18.01 2.03 0.00 0.82
up Tech Mahindra Technology 16.47 1.16 0.00 0.81
up UPL Chemicals 33.84 3.23 0.00 0.78
down BPCL Energy 11.83 2.91 0.00 0.77
up Infosys Technology 19.05 4.83 0.00 0.76

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

— 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:


0.33%

Change from previous, NAV as on 28-Feb-2020

Growth: ₹ 24.6651

Dividend Yearly: ₹ 11.0601

Dividend Monthly: ₹ 12.8568


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: 7.08%
Benchmark: NIFTY 50 Arbitrage
Riskometer: Moderately Low
Type: Open-ended
Assets: ₹ 12,224 Cr (As on 31-Jan-2020)
Expense: 1.07% (As on 31-Jan-2020)
Risk Grade: Below Average
Return Grade: Average
Turnover: 251.00%

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Monthly28-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
 29-Nov-20180.0337
 31-Oct-20180.0516
 28-Sep-20180.0413
 31-Aug-20180.0305
 30-Jul-20180.0601
 28-Jun-20180.0536
 30-May-20180.0630
 26-Apr-20180.0572
 22-Mar-20180.0376
 27-Feb-20180.0704
 30-Jan-20180.0847
Dividend Yearly15-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: 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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