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Unrated

HDFC Arbitrage Fund - Retail 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 2.90 0.06 0.08 0.21 0.65 1.71 3.61 4.42 4.86 5.47 6.32
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

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)
HDFC Arbitrage Fund - Retail Plan  | Invest Online
Unrated
Oct-07 3.61 4.42 4.86 1.02% 8,063
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 1.15 16-Jan-2008 - 23-Jan-2008 -0.55 17-Mar-2020 - 24-Mar-2020
Month 1.79 24-Dec-2007 - 23-Jan-2008 -0.29 24-Feb-2020 - 25-Mar-2020
Quarter 3.06 31-Dec-2007 - 31-Mar-2008 -0.01 29-May-2020 - 28-Aug-2020
Year 9.38 27-Dec-2007 - 26-Dec-2008 2.65 16-Mar-2020 - 16-Mar-2021

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 4.45 0.79 0.64 0.91 0.74 0.96
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

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 133
Top 10 Holdings (%) 29.79
Top 5 Holdings (%) 18.48
Top 3 Sectors (%) 35.55
Portfolio P/B Ratio 2.54
Portfolio P/E Ratio 17.82
Avg Credit Rating AAA

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 6.84% GOI 19/12/2022 GOI Securities SOV 0.00 - 1.86 1.86
equal 5.09% GOI 13/04/2022 GOI Securities SOV 0.00 - 1.62 1.62
equal Reserve Bank of India 364-D 30/12/2021 Treasury Bills SOV 0.00 - 1.71 1.54
equal Reserve Bank of India 364-D 11/03/2022 Treasury Bills SOV 0.00 - 1.53 1.53
equal Reserve Bank of India 364-D 03/03/2022 Treasury Bills SOV 0.00 - 1.79 1.47
up 7.16% GOI 20/05/2023 Central Government Loan SOV 0.00 - 1.42 1.42
new 8.13% GOI 21/09/2022 Central Government Loan SOV 0.00 - 1.29 1.29
equal 8.35% GOI 2022 GOI Securities SOV 0.00 - 1.59 1.28
equal 8.20% GOI 15/02/2022 Central Government Loan SOV 0.00 - 1.27 1.26
equal 5.40% HDFC 2023 Bonds/NCDs AAA 0.00 - 1.25 1.25
equal Reserve Bank of India 364-D 09/12/2021 Treasury Bills SOV 0.00 - 1.37 1.23
equal Reserve Bank of India 364-D 24/03/2022 Treasury Bills SOV 0.00 - 1.49 1.22
equal Reserve Bank of India 364-D 30/03/2022 Treasury Bills SOV 0.00 - 1.48 1.22
equal Reserve Bank of India 364-D 19/05/2022 Treasury Bills SOV 0.00 - 1.35 1.21
equal Reserve Bank of India 364-D 05/05/2022 Treasury Bills SOV 0.00 - 1.35 1.21
equal 8.15% GOI 2022 Central Government Loan SOV 0.00 - 1.02 1.02
equal 8.08% GOI 2022 Central Government Loan SOV 0.00 - 0.96 0.96
equal Reserve Bank of India 364-D 16/06/2022 Treasury Bills SOV 0.00 - 0.91 0.91
equal Reserve Bank of India 364-D 28/04/2022 Treasury Bills SOV 0.00 - 0.91 0.91
equal 7.37% GOI 16/04/2023 GOI Securities SOV 0.00 - 0.71 0.71
equal Reserve Bank of India 364-D 02/06/2022 Treasury Bills SOV 0.00 - 0.67 0.67
new 7.17% Reliance Industries 2022 Non Convertible Debenture AAA 0.00 - 0.64 0.64
equal Reserve Bank of India 364-D 23/12/2021 Treasury Bills SOV 0.00 - 0.68 0.62
equal Reserve Bank of India 182-D 16/12/2021 Treasury Bills SOV 0.00 - 0.55 0.55
new 8.50% National Bank Agr. Rur. Devp Debenture AAA 0.00 - 0.33 0.33

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 6.40 0.02 5.55
up Tata Steel Metals 7.50 5.29 0.00 4.01
up Bajaj Finance Financial 104.39 3.08 0.00 3.08
down Vedanta Metals 8.15 3.07 0.00 2.96
up ITC FMCG 20.93 2.89 0.00 2.88
up Adani Enterprises Services 145.68 2.51 0.00 2.51
up Sun Pharmaceutical Industries Healthcare 32.54 5.63 2.18 2.47
up JSW Steel Metals 8.09 2.29 0.00 2.24
down ICICI Bank Financial 26.31 8.88 0.00 2.15
down Tata Power Company Energy 54.11 2.09 0.14 1.94
up State Bank of India Financial 17.95 1.72 0.00 1.72
equal Jindal Steel & Power Metals 12.41 1.59 0.00 1.27
down HDFC Life Insurance Insurance 123.88 1.08 0.00 1.05
up Maruti Suzuki India Automobile 43.62 3.35 0.00 1.04
up United Spirits FMCG 89.12 1.02 0.21 1.02
up Piramal Enterprises Healthcare 44.91 1.18 0.00 0.93
down Bharti Airtel Communication 360.64 8.44 0.00 0.89
down Tata Chemicals Chemicals 47.38 0.89 0.00 0.89
up Escorts Automobile 20.49 0.88 0.00 0.88
down Hero Motocorp Automobile 17.61 1.45 0.00 0.82
down Cadila Healthcare Healthcare 22.69 1.54 0.00 0.81
down DLF Construction 68.26 1.34 0.00 0.78
up GAIL Energy 8.76 0.73 0.00 0.73
down Bandhan Bank Financial 25.67 0.76 0.00 0.73
up NMDC Metals 4.68 0.73 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 30-Sep-2021

Fund Manager

— Arun Agarwal since 24-Aug-2020

Education: Mr. Agarwal is a B.Com., Chartered Accountant

Experience: Prior to joining HDFC Asset Management Company Limited, he has worked with SBI Funds Management Pvt. Ltd., ICICI Bank Limited, UTI Asset Management Pvt. Ltd.

Funds Managed:

— Krishan Kumar Daga since 10-Sep-2015

Education: Mr. Daga is a B.Com (H).

Experience: Prior to joining HDFC AMC he has worked with Reliance Mutual Fund, Reliance Capital Ltd., Deutsche Securities, B&K Securities, Brics Securities, JP Morgan Securities and HSBC Securities.

Funds Managed:


0.06%

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

Growth: ₹ 23.9110

IDCW Quarterly: ₹ 16.9870

IDCW Monthly: ₹ 17.7590


Investment Strategy

The scheme seeks to generate income through arbitrage opportunities and debt & money market instruments.

Investment Details

Minimum Investment (₹) 5,000
Minimum Addl Investment (₹) 5,000
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: HDFC Mutual Fund
Launch Date: 23-Oct-2007
Return Since Launch: 6.42%
Benchmark: NIFTY 50 Arbitrage TRI
Riskometer: Low
Type: Open-ended
Assets: ₹ 8,063 Cr (As on 30-Sep-2021)
Expense: 1.02% (As on 31-Mar-2021)
Risk Grade: --
Return Grade: --
Turnover: 261.28%

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Monthly25-Mar-20130.1360

 25-Jun-20120.1460
 26-Dec-20110.1810
 26-Sep-20110.1570
 27-Jun-20110.1940
 25-Mar-20110.1670
 25-Mar-20100.3550
 25-Feb-20090.0590
 27-Jan-20090.0430
 26-Dec-20080.1350
 27-Oct-20080.1510
 25-Sep-20080.0580
 25-Aug-20080.1030
 25-Jun-20080.0500
 26-May-20080.0630
 25-Apr-20080.0470
 25-Mar-20080.1050
 31-Jan-20080.2500
IDCW Quarterly25-Mar-20130.6770

 25-Jun-20120.2670
 26-Mar-20120.2470
 26-Dec-20110.1880
 26-Sep-20110.1640
 27-Jun-20110.2020
 25-Mar-20110.1740
 27-Dec-20100.5690
 25-Mar-20090.1120
 26-Dec-20080.2890
 25-Sep-20080.1610
 25-Jun-20080.1610
 25-Mar-20080.1080
 31-Jan-20080.2500

Contact Information

AMC: HDFC Asset Management Company Ltd

Address: "HDFC House"-2nd Floor, H.T. Parekh Marg - 165-166, Backbay Reclamation, Churchgate Mumbai - 400020

Phone: 1800-3010-6767 / 1800-419-7676

Fax: 022-22821144

Website: http://www.hdfcfund.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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