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3 star

Invesco India Arbitrage Fund


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 0.33 0.12 0.18 0.38 1.09 1.65 3.74 4.54 5.07 5.57 6.43
CCIL T Bill Liquidity Weight 0.12 0.03 0.03 0.22 0.55 1.05 2.11 3.10 3.50 3.91 4.42
Hybrid: Arbitrage 0.28 0.16 0.19 0.32 0.97 1.59 3.58 4.40 4.92 5.58 6.54
Rank within category 2 25 17 2 7 12 15 12 10 9 8
Number of funds in category 25 25 25 25 25 25 25 20 17 15 10

As on 21-Jan-2022

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 3.74 4.54 5.07 1.00% 808
Kotak Equity Arbitrage Fund Regular Plan  | Invest Online
5 star
Sep-05 4.15 4.77 5.33 1.00% 24,642
Tata Arbitrage Fund - Regular Plan  | Invest Online
5 star
Dec-18 3.95 4.99 -- 1.09% 11,119
Aditya Birla Sun Life Arbitrage Fund  | Invest Online
4 star
Jul-09 4.01 4.69 5.18 0.99% 8,562
Edelweiss Arbitrage Fund - Regular Plan  | Invest Online
5 star
Jun-14 4.03 4.79 5.32 1.07% 6,401

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) 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 2.88 29-May-2020 - 31-May-2021

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 4.46 0.76 0.96 1.60 0.91 1.28
CCIL T Bill Liquidity Weight 3.13 0.39 -1.53 -4.65 -- --
Hybrid: Arbitrage 4.34 0.81 0.78 1.16 0.87 1.14
Rank within category 12 2 11 9 14 12
Number of funds in category 20 20 20 20 20 20

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

As on 31-Dec-2021

Asset Allocation (%)

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Concentration & Valuation

Number of Stocks 137
Top 10 Holdings (%) 49.64
Top 5 Holdings (%) 29.05
Top 3 Sectors (%) 0.01
Portfolio P/B Ratio 2.42
Portfolio P/E Ratio 16.99
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 -- 7.30 - 18.55 10.18
equal Reserve Bank of India 364-D 30/03/2022 Treasury Bills SOV 0.00 - 4.29 4.29
equal Reserve Bank of India 364-D 16/06/2022 Treasury Bills SOV 0.00 - 4.26 4.26
equal Reserve Bank of India 364-D 30/06/2022 Treasury Bills SOV 0.00 - 3.04 3.04
new Reserve Bank of India 364-D 14/04/2022 Treasury Bills SOV 0.00 - 2.45 2.45
equal Reserve Bank of India 364-D 13/10/2022 Treasury Bills SOV 0.00 - 2.40 2.40
equal 5.75% HDFC Bank 740-D 2022 Fixed Deposits -- 0.40 - 0.76 0.48
equal 5.75% HDFC Bank 738-D 2022 Fixed Deposits -- 0.20 - 0.38 0.24
equal 5.75% HDFC Bank 739-D 2022 Fixed Deposits -- 0.20 - 0.38 0.24
equal 5.75% HDFC Bank 737-D 2022 Fixed Deposits -- 0.20 - 0.38 0.24
equal 5.75% HDFC Bank 736-D 2022 Fixed Deposits -- 0.20 - 0.38 0.24

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 Vodafone Idea Communication -- 5.72 0.00 5.24
down Adani Ports and Special Economic Zone Services 28.92 5.32 0.00 5.02
new Siemens Engineering 76.40 4.32 0.00 4.32
up HCL Technologies Technology 28.79 4.26 0.00 4.26
up National Aluminium Company Metals 8.75 4.25 0.00 4.25
down ITC FMCG 18.74 7.36 0.00 4.15
up Adani Enterprises Services 198.22 3.67 0.00 3.67
up Granules India Healthcare 16.49 2.48 0.00 2.48
down Punjab National Bank Financial 11.47 5.35 0.00 2.11
down United Spirits FMCG 77.49 4.57 0.23 1.82
down Lupin Healthcare -- 5.52 0.00 1.81
up Reliance Industries Energy 29.04 9.77 0.00 1.40
up Apollo Hospitals Healthcare 65.14 2.86 0.00 1.40
up UPL Chemicals 18.97 2.55 0.00 1.23
down Vedanta Metals 6.47 3.55 0.00 1.23
up SAIL Metals 3.22 4.06 0.00 1.22
new IDFC Financial -- 4.95 0.00 1.10
down Indiabulls Housing Finance Financial 8.73 3.11 0.00 0.96
up Dr. Reddy's Lab Healthcare 38.17 5.65 0.00 0.90
up Strides Pharma Science Healthcare -- 0.86 0.00 0.86
new The Indian Hotels Company Services -- 0.86 0.00 0.86
up Bajaj Finance Financial 74.73 6.91 0.00 0.84
up Mahanagar Gas Energy 10.05 1.88 0.00 0.74
down Tata Consultancy Services Technology 37.68 9.16 0.00 0.74
down Axis Bank Financial 21.85 4.66 0.00 0.73

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-2021

Fund Manager

— Deepak Gupta since 11-Nov-2021

Education: Mr. Gupta is a CA, CWA, Cleared CFA level III (AIMR, USA).

Experience: Prior to joining Invesco Asset Management (India) Pvt. Ltd., He has worked with Emkay Global Financial Services Ltd. and Kotak Asset Management Company Ltd.


0.12%

Change from previous, NAV as on 21-Jan-2022

Growth: ₹ 25.4901

IDCW: ₹ 13.6037


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

Min. Investment (₹) 1,000
Min. Addl Investment (₹) 1,000
Min. SIP Investment (₹) 500
Min. No of Cheques 12
Min. Withdrawal (₹) 1,000
Min. Balance (₹) --
Lock-in Period Not Applicable
Exit Load 0.5% for redemption within 15 days

Basic Details

Fund House: Invesco Mutual Fund
Launch Date: 30-Apr-2007
Return Since Launch: 6.55%
Benchmark: NIFTY 50 Arbitrage TRI
Riskometer: Low
Type: Open-ended
Assets: ₹ 808 Cr (As on 31-Dec-2021)
Expense: 1.00% (As on 31-Dec-2021)
Risk Grade: Average
Return Grade: Average
Turnover: 1,095.00%

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW20-May-20210.0300

 19-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

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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