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Unrated

ITI Arbitrage Fund - Regular Plan


Hybrid: Arbitrage

1 Lakh

Investment Grown to
₹ 1.02 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.21 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 2.22 -0.09 -0.09 0.12 0.42 1.17 2.42 -- -- -- --
CCIL T Bill Liquidity Weight 1.88 0.01 0.04 0.17 0.44 1.07 2.04 -- -- -- --
Hybrid: Arbitrage 3.17 -0.08 -0.10 0.20 0.68 1.64 3.45 -- -- -- --
Rank within category 25 17 11 22 23 24 24 -- -- -- --
Number of funds in category 26 26 26 26 26 26 26 19 16 14 10

As on 07-Dec-2021

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
ITI Arbitrage Fund - Regular Plan
Unrated
Sep-19 2.42 -- -- 1.00% 13
Kotak Equity Arbitrage Fund Regular Plan  | Invest Online
5 star
Sep-05 4.02 4.80 5.33 1.00% 24,430
Aditya Birla Sun Life Arbitrage Fund  | Invest Online
4 star
Jul-09 3.89 4.72 5.18 0.99% 9,036
UTI Arbitrage Fund - Regular Plan  | Invest Online
4 star
Jun-06 3.91 4.81 5.28 0.94% 6,067
Edelweiss Arbitrage Fund - Regular Plan  | Invest Online
5 star
Jun-14 3.87 4.84 5.32 1.10% 6,017

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 0.50 09-Mar-2020 - 16-Mar-2020 -0.55 29-May-2020 - 05-Jun-2020
Month 0.82 29-Apr-2020 - 29-May-2020 -0.51 17-Mar-2020 - 16-Apr-2020
Quarter 1.60 17-Dec-2019 - 17-Mar-2020 -0.06 29-May-2020 - 28-Aug-2020
Year 3.85 25-Sep-2019 - 24-Sep-2020 1.73 16-Mar-2020 - 16-Mar-2021

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund -- -- -- -- -- --
CCIL T Bill Liquidity Weight* 3.18 0.40 -1.54 -4.30 -- --
Hybrid: Arbitrage* 4.36 0.79 0.74 1.09 0.80 1.06
Rank within category -- -- -- -- -- --
Number of funds in category -- -- -- -- -- --

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

As on

* As on 30-Nov-2021

Asset Allocation (%)

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Concentration & Valuation

Number of Stocks 17
Top 10 Holdings (%) 63.98
Top 5 Holdings (%) 41.09
Top 3 Sectors (%) 0.01
Portfolio P/B Ratio 2.66
Portfolio P/E Ratio 18.63
Avg Credit Rating Cash

Value Research Equity Fund Style

Value Research Debt Fund Style

Credit Rating vis-à-vis Category

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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 29.76 11.45 0.00 8.98
equal HDFC Life Insurance Insurance 124.57 9.67 0.00 8.87
equal Vedanta Metals 6.89 9.29 0.00 8.38
equal Bajaj Finance Financial 86.22 7.54 0.00 7.54
equal Hindalco Inds. Metals 9.94 7.32 0.00 7.32
equal Divi's Laboratories Healthcare 57.47 6.87 0.00 6.87
equal LIC Housing Fin. Financial 14.01 6.03 0.00 6.03
equal Sun Pharmaceutical Industries Healthcare 28.85 4.12 0.00 4.12
equal Apollo Tyres Automobile 12.82 3.55 0.00 3.55
new Lupin Healthcare -- 9.78 0.00 2.32
equal Adani Enterprises Services 182.07 10.04 0.00 2.11
equal Tech Mahindra Technology 30.09 3.90 0.00 1.97
equal Multi Commodity Exchange Of India Services 45.34 1.77 0.00 1.77
equal State Bank of India Financial 14.85 9.71 0.00 1.67
new NMDC Metals 4.05 3.01 0.00 1.42
equal DLF Construction 58.78 0.97 0.00 0.97
new JSW Steel Metals 8.00 0.67 0.00 0.67

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-Oct-2021

Fund Manager

— George Heber Joseph since 20-Aug-2019

Education: Mr George holds dual Bachelor's Degrees in English Language & Literature and Commerce. He is a qualified CA from Institute of Chartered Accountants of India, New Delhi and a Cost and Management Accountant from Institute of Cost Accountants of India, Kolkata.

Experience: Prior to joining ITI Asset Management Ltd., he has worked with ICICI Prudential Asset Management Ltd., Tanfac Industries Ltd. (Aditya Birla Group), Cholamandalam Investments & Finance Co. Ltd., Met Life India, Wipro and DSP Merrill Lynch Ltd. based in India and abroad. His last stint was at ICICI Prudential Asset Management Co. Ltd. Mumbai, where he spent more than a decade managing some of the large flagship fund strategies in the equity and hybrid categories with assets under management exceeding Rs. 10,000 crores. All funds (Multicap, ELSS – Long Term Equity Fund, Child Care) and discretionary portfolios (Wellness, Exports, Flexicap, Largecap, PIPE/Smallcap) managed by him during this entire period were excellent performers in their respective categories. There, he was designated as Senior Fund Manager (Vice President Grade) based in Mumbai, India and was one of the Key Management Personnel in the company and was part of the investment management team. He is known for his focus on extensive bottom-up research and stock-picking capabilities, has overseen fund managers activities and managed various research analysts during his tenure.

Funds Managed:

— Vikrant Mehta since 18-Jan-2021

Education: Mr. Mehta is CFA and M.S.

Experience: Prior to joining ITI Mutual Fund, he has worked with Indiabulls AMC, Kotak Mahindra Mutual Fund, AIG India Liaison Office, NVS Brokerage Pvt. Ltd., JM Morgan Stanley Fixed Income Securities Pvt. Ltd. and Mata Securities India Pvt. Ltd.

Funds Managed:


-0.09%

Change from previous, NAV as on 07-Dec-2021

Growth: ₹ 10.6946

IDCW: ₹ 10.6946


Investment Strategy

The scheme seeks to generate 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 (₹) 5,000
Minimum Addl Investment (₹) 1,000
Minimum SIP Investment (₹) 500
Minimum No of Cheques 12
Minimum Withdrawal (₹) 1,000
Minimum Balance (₹) --
Lock-in Period Not Applicable
Exit Load 0.25% for redemption within 30 days

Basic Details

Fund House: ITI Mutual Fund
Launch Date: 09-Sep-2019
Return Since Launch: 3.03%
Benchmark: NIFTY 50 Arbitrage TRI
Riskometer: Low
Type: Open-ended
Assets: ₹ 13 Cr (As on 31-Oct-2021)
Expense: 1.00% (As on 31-Oct-2021)
Risk Grade: --
Return Grade: --
Turnover: --

Contact Information

AMC: ITI Asset Management Ltd.

Address: Naman Midtown 'A' - Wing, 21st Floor, Senapati Bapat Marg, Prabhadevi Mumbai - 400013

Phone: 1800-266-9603 / 022-66214999

Email: [email protected]

Website: http://www.itiamc.com

Registrar & Transfer Agent: KFin Technologies Pvt Ltd.

Address: 303, Vamsee Estates, Opp. Big Bazaar, Ameerpet, Hyderabad - 500016

Phone: 040-44857874

Email: [email protected]

Website: www.karvymfs.com

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