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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
₹ 1.17 Lakh

₹ 10000

Monthly SIP Grown to
₹ 3.88 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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(₹)
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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 2.86 0.08 0.15 0.37 0.77 2.15 4.34 5.29 5.64 6.36 6.95
CCIL T Bill Liquidity Weight 2.49 0.02 0.04 0.19 0.54 1.61 3.46 3.99 4.17 4.65 4.76
Hybrid: Arbitrage 3.04 0.06 0.14 0.37 0.72 2.03 4.40 5.38 5.80 6.52 7.11
Rank within category 17 5 15 15 15 16 16 15 13 9 8
Number of funds in category 24 27 27 27 26 25 24 17 15 10 9

As on 25-Sep-2020

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 4.34 5.29 5.64 0.96 5,438
Kotak Equity Arbitrage Fund Regular Plan  | Invest Online
5 star
 Sep-05 4.92 5.80 5.99 1.01 15,000
Nippon India Arbitrage Fund  | Invest Online
4 star
 Oct-10 4.93 5.95 6.01 1.02 7,384
Aditya Birla Sun Life Arbitrage Fund  | Invest Online
4 star
 Jul-09 4.81 5.68 5.82 0.90 4,099
Edelweiss Arbitrage Fund - Regular Plan  | Invest Online
5 star
 Jun-14 5.15 5.85 6.03 1.09 3,501

Best & Worst Performance

Best (Period) Worst (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) 3.93 (06-Jul-2009 - 06-Jul-2010)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 5.15 0.75 0.02 0.02 0.68 0.81
CCIL T Bill Liquidity Weight 3.97 0.31 -3.79 -6.90 -- --
Hybrid: Arbitrage 5.25 0.92 0.33 0.48 0.76 1.01
Rank within category 15 7 15 15 9 14
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-Aug-2020

Asset Allocation (%)

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Concentration & Valuation

Number of Stocks 73
Top 10 Holdings (%) 54.93
Top 5 Holdings (%) 35.80
Top 3 Sectors (%) 38.44
Portfolio P/B Ratio 2.57
Portfolio P/E Ratio 24.81
Avg Credit Rating 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 -- 6.49 - 13.27 9.75
equal Punjab National Bank Fixed Deposits -- 0.00 - 5.14 5.14
equal AU Small Finance Bank Fixed Deposits -- 0.94 - 4.02 3.12
equal Indian Bank Fixed Deposits -- 0.00 - 2.68 2.68
equal South Indian Bank Fixed Deposits -- 0.83 - 2.62 2.00
equal Union Bank of India Fixed Deposits -- 0.00 - 1.02 1.02
equal Bank of India Fixed Deposits -- 0.00 - 0.56 0.56

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 13.78 7.76 0.01 7.34
up Bharti Airtel Communication -- 7.24 0.00 7.24
equal Hindustan Unilever FMCG 71.25 6.33 0.00 6.33
down ICICI Bank Financial 24.39 5.00 0.00 5.00
equal Sun Pharmaceutical Inds. Healthcare 163.48 7.26 2.55 4.28
equal Reliance Industries Energy 35.35 8.44 0.00 4.04
down Dr. Reddy's Lab Healthcare 43.77 2.71 0.58 2.69
equal Indusind Bank Financial 11.57 2.45 0.00 2.45
down Tech Mahindra Technology 18.66 2.14 0.00 2.14
down Adani Ports and Special Economic Zone Services 19.76 2.11 0.00 2.11
equal Axis Bank Financial 78.35 3.73 0.00 1.98
down Divi's Laboratories Healthcare 50.61 1.89 0.00 1.89
equal Aurobindo Pharma Healthcare 15.32 5.95 0.98 1.82
equal Grasim Industries Construction 14.00 1.69 0.01 1.69
down Maruti Suzuki India Automobile 49.98 3.32 0.00 1.59
down BPCL Energy 24.19 1.56 0.00 1.42
equal Ultratech Cement Construction 21.15 1.42 0.00 1.21
down JSW Steel Metals 27.16 2.02 0.00 1.19
up Cipla Healthcare 37.23 1.15 0.00 1.15
down UPL Chemicals 20.08 0.89 0.21 0.78
down Godrej Consumer Products FMCG 48.78 0.78 0.00 0.64
up United Spirits FMCG 175.72 0.96 0.15 0.60
up HPCL Energy 6.95 0.69 0.00 0.54
up Infosys Technology 25.05 4.55 0.00 0.52
equal Hindalco Inds. Metals 18.82 0.72 0.00 0.52

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-Aug-2020

Fund Manager

— Arun Agarwal since 24-Aug-2020

Education: Mr. Agarwal is an A.C.A

Experience: He has nearly 7 years experience in Equities and has also dealt in Money Market. Prior to this, he was in Treasury Back Office with ICICI Bank.

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
0.08%

Change from previous, NAV as on 25-Sep-2020

Growth: ₹ 23.5880

Dividend Monthly: ₹ 10.8400

Dividend: ₹ 10.3680

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
Exit Load 0.25% for redemption within 30 days

Basic Details

Fund House: HDFC Mutual Fund
Launch Date: 23-Oct-2007
Return Since Launch: 6.86%
Benchmark: NIFTY 50 Arbitrage
Riskometer: Moderately Low
Type: Open-ended
Assets: ₹ 5,438 Cr (As on 31-Aug-2020)
Expense: 0.96% (As on 31-Aug-2020)
Risk Grade: High
Return Grade: Below Average
Turnover: 156.02%

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend18-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
 19-Apr-20180.0500
Dividend Monthly18-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
 24-May-20180.0500
 19-Apr-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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