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Invesco India Arbitrage Fund

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Hybrid: Arbitrage

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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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Annual Returns
Quarterly Returns
Monthly Returns
Weekly Returns

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(₹)
cal
cal

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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 0.11 0.03 0.07 0.25 0.65 1.45 3.90 5.24 5.56 6.19 6.80
CCIL T Bill Liquidity Weight 0.08 0.00 0.02 0.10 0.45 1.07 2.95 3.77 4.01 4.43 4.70
Hybrid: Arbitrage 0.13 -0.01 0.06 0.25 0.59 1.39 3.39 5.02 5.57 6.19 6.93
Rank within category 19 2 11 18 15 16 10 10 9 6 7
Number of funds in category 27 27 27 27 27 26 24 17 15 10 10

As on 27-Jan-2021

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
Invesco India Arbitrage Fund  | Invest Online
3 star
 Apr-07 3.90 5.24 5.56 1.01 411
Kotak Equity Arbitrage Fund Regular Plan  | Invest Online
5 star
 Sep-05 4.04 5.48 5.79 1.00 14,908
Nippon India Arbitrage Fund  | Invest Online
4 star
 Oct-10 3.95 5.58 5.80 1.01 8,029
Edelweiss Arbitrage Fund - Regular Plan  | Invest Online
5 star
 Jun-14 4.16 5.49 5.80 1.10 3,195
UTI Arbitrage Fund - Regular Plan  | Invest Online
4 star
 Jun-06 3.98 5.45 5.70 0.94 2,969

Best & Worst Performance

Best (Period) Worst (Period)
Week 0.94 (16-Jan-2008 - 23-Jan-2008) -0.51 (29-May-2020 - 05-Jun-2020)
Month 1.66 (31-Dec-2007 - 30-Jan-2008) -0.10 (29-May-2020 - 29-Jun-2020)
Quarter 3.17 (28-Feb-2012 - 29-May-2012) 0.14 (29-May-2020 - 28-Aug-2020)
Year 9.87 (21-Mar-2012 - 21-Mar-2013) 3.13 (06-Jul-2009 - 06-Jul-2010)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 5.25 0.76 0.62 0.95 0.71 1.17
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 10 1 9 8 4 12
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 28
Top 10 Holdings (%) 60.78
Top 5 Holdings (%) 39.44
Top 3 Sectors (%) --
Portfolio P/B Ratio 3.22
Portfolio P/E Ratio 31.27
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 Invesco Inida Liquid Fund - Direct Plan Mutual Fund -- 0.00 - 7.34 7.34
equal 7.87% HDFC 18/07/2022 Non Convertible Debenture AAA 0.00 - 3.27 2.56
equal 5.05% Indian Oil Corp. 25/11/2022 Debenture AAA 0.00 - 2.47 2.47
equal 6.30% HDFC Bank 368-D 2021 Fixed Deposits -- 0.68 - 1.79 1.39
equal 6.30% HDFC Bank 370-D 2021 Fixed Deposits -- 0.00 - 1.79 1.39
equal 6.18% GOI 2024 GOI Securities SOV 0.00 - 1.28 1.28
equal 6.00% HDFC Bank 369-D 2021 Fixed Deposits -- 0.00 - 1.53 1.19
equal 6.00% HDFC Bank 367-D 2021 Fixed Deposits -- 0.00 - 1.53 1.19
equal 5.50% HDFC Bank 369-D 2021 Fixed Deposits -- 0.00 - 1.53 1.19
equal 6.30% HDFC Bank 369-D 2021 Fixed Deposits -- 0.00 - 1.20 0.93
equal 5.75% HDFC Bank 740-D 2022 Fixed Deposits -- 0.00 - 0.92 0.92
equal 5.60% HDFC Bank 366-D 2021 Fixed Deposits -- 0.00 - 0.92 0.92
equal 6.30% HDFC Bank 366-D 2021 Fixed Deposits -- 0.00 - 0.59 0.46
equal 5.75% HDFC Bank 739-D 2022 Fixed Deposits -- 0.00 - 0.46 0.46
equal 5.75% HDFC Bank 738-D 2022 Fixed Deposits -- 0.00 - 0.46 0.46
equal 5.75% HDFC Bank 737-D 2022 Fixed Deposits -- 0.00 - 0.46 0.46
equal 5.75% HDFC Bank 736-D 2022 Fixed Deposits -- 0.00 - 0.46 0.46
equal 5.25% HDFC Bank 373-D 2021 Fixed Deposits -- 0.00 - 0.46 0.46
equal 5.10% HDFC Bank 368-D 2021 Fixed Deposits -- 0.00 - 0.46 0.46
equal 5.10% HDFC Bank 367-D 2021 Fixed Deposits -- 0.00 - 0.46 0.46
equal 5.10% HDFC Bank 366-D 2021 Fixed Deposits -- 0.00 - 0.46 0.46

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 27.47 10.02 0.00 10.02
down Reliance Industries Energy 30.33 9.77 0.00 9.77
down Sun Pharmaceutical Inds. Healthcare 92.97 6.79 0.00 6.79
down Lupin Healthcare -- 5.52 0.00 5.52
down ICICI Bank Financial 25.91 8.57 0.00 5.18
down Bharti Airtel Communication -- 8.46 0.00 5.12
down ITC FMCG 18.91 7.36 0.00 5.03
down Infosys Technology 29.80 6.74 0.00 3.45
equal HCL Technologies Technology 19.62 3.78 0.00 2.13
up Marico FMCG 47.94 1.94 0.00 1.94
up Dr. Reddy's Lab Healthcare 50.74 5.65 0.00 1.51
down Hindustan Unilever FMCG 80.10 8.32 0.00 1.29
down Maruti Suzuki India Automobile 58.54 7.77 0.00 1.17
equal Dabur India FMCG 62.06 3.33 0.00 1.15
equal Cipla Healthcare 36.92 3.02 0.00 1.04
down Larsen & Toubro Construction 16.63 3.78 0.00 0.96
new NMDC Metals 10.46 1.53 0.00 0.82
down United Spirits FMCG 258.04 2.38 0.00 0.69
equal HDFC Life Insurance Financial 101.94 0.63 0.00 0.63
new NTPC Energy 14.14 0.96 0.00 0.57
new Axis Bank Financial 54.52 4.66 0.00 0.53
new Petronet LNG Energy 14.43 0.31 0.00 0.31
new Bharat Electronics Engineering 18.77 2.56 0.00 0.24
new BHEL Engineering -- 0.84 0.00 0.22
new Nestle India FMCG 81.65 1.46 0.00 0.18

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

— Rajeev Bhardwaj since 19-May-2020

Education: Mr. Bhardwaj has done IT, MBA

Experience: Prior to joining Invesco India Mutual Fund, he has worked with SAL Securities, Share Khan and Motilal Oswal Securities.

Invest Online
0.03%

Change from previous, NAV as on 27-Jan-2021

Growth: ₹ 24.5792

Dividend: ₹ 13.1472

Bonus: ₹ 16.3864

Investment Strategy

The fund aims to generate income by cashing in on arbitrage opportunities emerging out of pricing mismatch between the cash market and the derivatives market.

Investment Details

Minimum Investment (₹) 1,000
Minimum Addl Investment (₹) 1,000
Minimum SIP Investment (₹) 500
Minimum No of Cheques 12
Minimum Withdrawal (₹) 1,000
Minimum Balance (₹) --
Exit Load 0.5% for redemption within 15 days

Basic Details

Fund House: Invesco Mutual Fund
Launch Date: 30-Apr-2007
Return Since Launch: 6.76%
Benchmark: NIFTY 50 Arbitrage TRI
Riskometer: Low to Moderate
Type: Open-ended
Assets: ₹ 411 Cr (As on 31-Dec-2020)
Expense: 1.01% (As on 31-Dec-2020)
Risk Grade: Below Average
Return Grade: Average
Turnover: 1,156.00%

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend19-Nov-20200.0500

 15-Oct-20200.0600
 19-Aug-20200.0200
 18-Jun-20200.0400
 21-May-20200.0400
 23-Apr-20200.0500
 19-Mar-20200.0443
 20-Feb-20200.0354
 28-Jan-20200.0177
 19-Dec-20190.0620
 21-Nov-20190.0354
 22-Oct-20190.0708
 19-Sep-20190.0708
 22-Aug-20190.0708
 18-Jul-20190.0708
 20-Jun-20190.0708
 16-May-20190.0708
 22-Mar-20190.0500
 21-Feb-20190.0500
 17-Jan-20190.0500
 20-Dec-20180.0500
 20-Nov-20180.0500
 19-Oct-20180.0400
 21-Sep-20180.0400
 20-Aug-20180.0400

Contact Information

AMC: Invesco Asset Management (India) Pvt. Ltd

Address: 2101 - A-A Wing - 21st Floor, Marathon Futurex, N.M. Joshi Marg, Lower Parel, Mumbai - 400013

Phone: 022-67310000 / 1800-209-0007

Fax: 022-23019422

Email: [email protected]

Website: http://www.invescomutualfund.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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