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2 star

HDFC Arbitrage Fund - Wholesale Plan

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Hybrid: Arbitrage

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1 Lakh

Investment Grown to
₹ 1.15 Lakh

₹ 10000

Monthly SIP Grown to
₹ 3.84 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 1.01 0.15 0.14 0.49 1.07 1.81 3.25 4.83 5.31 5.90 6.64
CCIL T Bill Liquidity Weight* 0.52 0.00 0.03 0.17 0.50 1.03 2.44 3.65 3.88 4.32 4.65
Hybrid: Arbitrage* 0.91 0.17 0.12 0.46 0.97 1.58 3.05 4.85 5.47 6.05 6.84
Rank within category* 12 23 9 10 11 8 17 15 13 9 9
Number of funds in category* 27 27 27 27 27 27 25 18 15 10 10

As on 12-Apr-2021

* As on 13-Apr-2021

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
HDFC Arbitrage Fund - Wholesale Plan  | Invest Online
2 star
 Oct-07 3.25 4.83 5.31 0.96 5,905
Kotak Equity Arbitrage Fund Regular Plan  | Invest Online
5 star
 Sep-05 3.71 5.32 5.69 1.00 17,835
Nippon India Arbitrage Fund  | Invest Online
4 star
 Oct-10 3.70 5.31 5.72 1.01 10,211
UTI Arbitrage Fund - Regular Plan  | Invest Online
4 star
 Jun-06 3.72 5.30 5.63 0.95 3,843
Edelweiss Arbitrage Fund - Regular Plan  | Invest Online
5 star
 Jun-14 3.50 5.31 5.69 1.09 3,707

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 1.14 16-Jan-2008 - 23-Jan-2008 -0.56 17-Mar-2020 - 24-Mar-2020
Month 1.79 24-Dec-2007 - 23-Jan-2008 -0.28 24-Feb-2020 - 25-Mar-2020
Quarter 3.13 31-Dec-2007 - 31-Mar-2008 0.02 29-May-2020 - 28-Aug-2020
Year 9.65 27-Dec-2007 - 26-Dec-2008 2.75 16-Mar-2020 - 16-Mar-2021

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 4.77 0.79 0.38 0.54 0.75 0.95
CCIL T Bill Liquidity Weight 3.60 0.37 -2.39 -5.59 -- --
Hybrid: Arbitrage 4.77 0.95 0.52 0.82 0.88 1.06
Rank within category 15 4 14 14 4 14
Number of funds in category 18 18 18 18 18 18

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

As on 31-Mar-2021

Asset Allocation (%)

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Concentration & Valuation

Number of Stocks 95
Top 10 Holdings (%) 38.42
Top 5 Holdings (%) 24.14
Top 3 Sectors (%) 33.29
Portfolio P/B Ratio 2.55
Portfolio P/E Ratio 26.05
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
equal Federal Bank Fixed Deposits -- 3.39 - 13.27 3.39
equal Reserve Bank of India 2021 Treasury Bills SOV 0.00 - 1.72 1.69
new Reserve Bank of India 364-D 03/06/2021 Treasury Bills SOV 0.00 - 1.68 1.68
equal Reserve Bank of India 364-D 23/09/2021 Treasury Bills SOV 0.00 - 1.70 1.67
equal Indian Bank Fixed Deposits -- 0.00 - 3.12 1.49
equal Union Bank of India Fixed Deposits -- 0.00 - 1.68 1.32
new Reserve Bank of India 364-D 19/08/2021 Treasury Bills SOV 0.00 - 1.25 1.25
equal Reserve Bank of India 364-D 10/06/2021 Treasury Bills SOV 0.00 - 1.20 1.18
equal Punjab National Bank Fixed Deposits -- 1.05 - 5.39 1.16
equal 6.99% HDFC 25/11/2021 Non Convertible Debenture AAA 0.00 - 1.04 0.86
equal 6.22% HDFC 2021 Debenture AAA 0.00 - 1.04 0.86
equal South Indian Bank Fixed Deposits -- 0.85 - 2.40 0.85
equal Reserve Bank of India 364-D 15/04/2021 Treasury Bills SOV 0.00 - 0.86 0.85
equal Reserve Bank of India 364-D 22/04/2021 Treasury Bills SOV 0.00 - 0.86 0.85
equal Reserve Bank of India 364-D 13/05/2021 Treasury Bills SOV 0.00 - 0.86 0.84
equal Reserve Bank of India 364-D 22/07/2021 Treasury Bills SOV 0.00 - 1.00 0.84
equal Reserve Bank of India 364-D 09/09/2021 Treasury Bills SOV 0.00 - 1.00 0.83
equal Reserve Bank of India 364-D 29/07/2021 Treasury Bills SOV 0.00 - 0.60 0.50
equal Reserve Bank of India 2021 Treasury Bills SOV 0.00 - 0.56 0.50
equal Bank of India Fixed Deposits -- 0.00 - 0.56 0.46
new Reserve Bank of India 182-D 15/07/2021 Treasury Bills SOV 0.00 - 0.42 0.42

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 ICICI Bank Financial 26.28 8.88 0.00 6.59
up Bharti Airtel Communication -- 8.44 0.00 5.58
up Adani Ports and Special Economic Zone Services 36.76 4.88 0.01 4.88
down Reliance Industries Energy 30.92 8.44 0.00 3.71
up Infosys Technology 32.04 3.22 0.00 3.22
up Sun Pharmaceutical Inds. Healthcare 62.48 7.26 2.55 3.13
down Tata Steel Metals -- 3.09 0.00 3.09
down HDFC Financial 25.89 9.11 0.31 2.62
up Indusind Bank Financial 29.37 2.45 0.00 2.22
up Lupin Healthcare 41.07 1.78 0.00 1.78
down Asian Paints Chemicals 89.72 1.68 0.00 1.68
down Grasim Industries Construction 22.62 2.10 0.05 1.64
down Tata Consultancy Services Technology 35.93 5.13 0.00 1.62
up Tech Mahindra Technology 23.36 2.32 0.00 1.53
up Larsen & Toubro Construction 16.79 1.66 0.00 1.50
up State Bank of India Financial 13.12 1.71 0.00 1.49
down Axis Bank Financial 67.72 3.73 0.00 1.36
down HCL Technologies Technology 20.16 2.00 0.00 1.27
up JSW Steel Metals 38.64 2.02 0.00 1.25
down ITC FMCG 19.37 2.89 0.00 1.22
down Tata Power Energy 26.92 1.19 0.14 1.19
down Maruti Suzuki India Automobile 46.06 3.35 0.00 1.17
up Piramal Enterprises Healthcare 191.84 1.18 0.00 1.17
up Tata Motors Automobile -- 1.41 0.00 0.90
down Divi's Laboratories Healthcare 52.80 1.89 0.00 0.80

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-Mar-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:

Invest Online
-0.02%

Change from previous, NAV as on 13-Apr-2021

Growth: ₹ 24.0290

IDCW Monthly: ₹ 10.9220

IDCW: ₹ 10.5320

Investment Strategy

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

Investment Details

Minimum Investment (₹) 1,00,000
Minimum Addl Investment (₹) 1,00,000
Minimum SIP Investment (₹) 500
Minimum No of Cheques 12
Minimum Withdrawal (₹) 500
Minimum Balance (₹) 1
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: 6.72%
Benchmark: NIFTY 50 Arbitrage TRI
Riskometer: Low
Type: Open-ended
Assets: ₹ 5,905 Cr (As on 31-Mar-2021)
Expense: 0.96% (As on 28-Feb-2021)
Risk Grade: Above Average
Return Grade: Below Average
Turnover: 237.42%

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Monthly18-Mar-20210.0900

 22-Oct-20200.0300
 18-Jun-20200.0360
 21-May-20200.0400
 23-Apr-20200.0450
 19-Mar-20200.1330
 23-Jan-20200.0160
 21-Nov-20190.0450
 24-Oct-20190.0500
 19-Sep-20190.0500
 22-Aug-20190.0500
 18-Jul-20190.0500
 20-Jun-20190.0500
 23-May-20190.0500
 18-Apr-20190.0500
 22-Mar-20190.0500
 21-Feb-20190.0500
 24-Jan-20190.0500
 20-Dec-20180.0500
 22-Nov-20180.0500
 19-Oct-20180.0500
 21-Sep-20180.0500
 23-Aug-20180.0500
 19-Jul-20180.0500
 21-Jun-20180.0500
IDCW22-Oct-20200.0300

 18-Jun-20200.0360
 21-May-20200.0400
 23-Apr-20200.0450
 19-Mar-20200.1330
 23-Jan-20200.0350
 21-Nov-20190.0450
 24-Oct-20190.0500
 19-Sep-20190.0500
 22-Aug-20190.0500
 18-Jul-20190.0500
 20-Jun-20190.0500
 23-May-20190.0500
 18-Apr-20190.0500
 22-Mar-20190.0500
 21-Feb-20190.0500
 24-Jan-20190.0500
 20-Dec-20180.0500
 22-Nov-20180.0500
 19-Oct-20180.0500
 21-Sep-20180.0500
 23-Aug-20180.0500
 19-Jul-20180.0500
 21-Jun-20180.0500
 24-May-20180.0500

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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