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HDFC Arbitrage Fund - Wholesale Plan download report

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Hybrid: Arbitrage

Analysts' Choiceunlock it

1 Lakh

Investment Grown to
₹ 1.12 Lakh

₹ 10000

Monthly SIP Grown to
₹ 3.79 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
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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
HDFC Arbitrage Wholesale-G 1.95 0.00 0.07 0.16 0.76 1.55 3.11 3.78 4.59 5.08 5.95
CCIL T Bill Liquidity Weight 1.19 -0.02 0.07 0.20 0.64 1.04 1.99 2.59 3.27 3.63 4.21
Hybrid: Arbitrage 1.84 0.00 0.08 0.15 0.69 1.43 3.02 3.79 4.63 5.17 6.15
Rank within category 9 17 15 14 7 8 12 16 13 12 9
Number of funds in category 25 26 25 25 25 25 25 22 17 15 10

As on 08-Aug-2022

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 3.11 3.78 4.59 0.95 6,739
Kotak Equity Arbitrage Fund Regular Plan  | Invest Online
5 star
 Sep-05 3.59 4.19 5.04 1.02 25,789
Nippon India Arbitrage Fund  | Invest Online
4 star
 Oct-10 3.38 4.06 5.02 1.06 10,295
Tata Arbitrage Fund - Regular Plan  | Invest Online
5 star
 Dec-18 3.10 4.23 -- 1.08 8,386
Edelweiss Arbitrage Fund - Regular Plan  | Invest Online
5 star
 Jun-14 3.50 4.19 5.00 1.07 6,993

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
HDFC Arbitrage Wholesale-G 3.69 0.70 0.29 0.39 0.32 0.49
CCIL T Bill Liquidity Weight 2.60 0.34 -2.61 -4.87 -- --
Hybrid: Arbitrage 3.70 0.73 0.27 0.36 0.55 0.70
Rank within category 16 3 15 16 3 18
Number of funds in category 22 22 22 22 22 22

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

As on 31-Jul-2022

Asset Allocation (%)

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Concentration & Valuation

Number of Stocks 105
Top 10 Holdings (%) 45.23
Top 5 Holdings (%) 31.01
Top 3 Sectors (%) 0.16
Portfolio P/B Ratio 2.95
Portfolio P/E Ratio 22.63
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 HDFC Money Market Direct-G Mutual Fund -- 0.00 - 7.47 7.47
up HDFC Liquid Direct Mutual Fund -- 0.00 - 6.77 6.77
equal 6.84% GOI 19/12/2022 GOI Securities SOV 1.57 - 2.21 2.16
equal 8.13% GOI 21/09/2022 Central Government Loan SOV 0.00 - 1.52 1.49
equal Reserve Bank of India 182-D 01/09/2022 Treasury Bills SOV 0.00 - 1.47 1.47
equal 5.40% HDFC 2023 Bonds/NCDs AAA 0.00 - 1.50 1.46
equal 8.08% GOI 2022 Central Government Loan SOV 0.94 - 1.14 1.12
new Vedanta 280-D 07/03/2023 Commercial Paper A1+ 0.00 - 1.06 1.06
equal 7.37% GOI 16/04/2023 GOI Securities SOV 0.00 - 0.85 0.82
equal 7.17% Reliance Industries 2022 Non Convertible Debenture AAA 0.00 - 0.76 0.74
equal 8.50% National Bank Agr. Rur. Devp Debenture AAA 0.00 - 0.39 0.38
equal 7.35% Power Finance Corporation 15/10/2022 Debenture AAA 0.00 - 0.38 0.37
equal 4.26% GOI 17/05/2023 GOI Securities SOV 0.00 - 0.15 0.15

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
up HDFC Bank Financial 20.55 6.49 0.00 6.40
equal Adani Ports and Special Economic Zone Services 36.91 7.26 0.02 5.54
down Adani Enterprises Services 328.86 5.76 0.00 4.83
up HDFC Financial 19.03 9.11 0.09 4.45
equal Reliance Industries Energy 26.18 8.44 0.00 2.67
up Hindustan Unilever Consumer Staples 68.17 6.33 0.00 2.64
up Bajaj Finance Financial 50.49 3.08 0.00 2.30
up Tech Mahindra Technology 19.20 2.32 0.05 2.14
down Ambuja Cements Materials 31.91 2.23 0.00 2.03
up Axis Bank Financial 14.10 3.73 0.01 1.79
up Bajaj Finserv Financial 49.29 1.87 0.00 1.71
up Maruti Suzuki India Automobile 60.44 3.35 0.00 1.58
up Bandhan Bank Financial 68.86 1.65 0.00 1.42
down Zee Entertainment Services 24.95 2.10 0.00 1.40
down Tata Power Company Energy 34.05 2.30 0.14 1.27
down Infosys Technology 30.16 3.49 0.00 1.17
up Asian Paints Materials 94.37 1.68 0.00 1.08
up Indian Energy Exchange Services 46.82 1.08 0.00 1.08
up Grasim Industries Materials 13.96 2.10 0.05 0.93
up HDFC Life Insurance Insurance 82.57 1.70 0.00 0.91
up Tata Steel Metals & Mining 3.37 5.29 0.00 0.90
down Power Grid Corporation Energy 9.97 1.16 0.00 0.90
up Sun Pharmaceutical Industries Healthcare 56.85 4.78 0.77 0.84
up United Spirits Consumer Staples 54.17 1.61 0.21 0.76
up Titan Company Consumer Discretionary 73.40 1.18 0.00 0.74

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-Jun-2022

Fund Manager

— Anil Bamboli since 01-Feb-2022

Education: Mr. Bamboli is a CFA from Association for Investment Management and Research, U.S.A, Masters in Management Studies (Finance) and a Graduate in Cost and Works Accountant from ICWAI.

Experience: Prior to joining HDFC AMC he has worked with SBI Fund Management for 11 years.

Funds Managed:

— 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
0.00%

Change from previous, NAV as on 08-Aug-2022

Growth: ₹ 25.1260

IDCW Monthly: ₹ 10.7680

IDCW: ₹ 10.4020

Investment Strategy

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

Investment Details

Min. Investment (₹) 5,000
Min. Addl Investment (₹) 1,000
Min. SIP Investment (₹) 300
Min. No of Cheques 20
Min. Withdrawal (₹) 500
Min. 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: ₹ 6,739 Cr (As on 30-Jun-2022)
Expense Ratio: 0.95% (As on 30-Jun-2022)
Risk Grade: Above Average
Return Grade: Below Average
Turnover: 255.94%

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW21-Jul-20220.0400

 23-Jun-20220.0400
 19-May-20220.0400
 21-Apr-20220.0400
 24-Mar-20220.0400
 17-Feb-20220.0400
 20-Jan-20220.0400
 23-Dec-20210.0400
 18-Nov-20210.0400
 21-Oct-20210.0400
 23-Sep-20210.0400
 20-Aug-20210.0400
 22-Jul-20210.0400
 17-Jun-20210.0400
 22-Apr-20210.0400
 22-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
IDCW Monthly21-Jul-20220.0400

 23-Jun-20220.0400
 19-May-20220.0400
 21-Apr-20220.0400
 24-Mar-20220.0400
 17-Feb-20220.0400
 20-Jan-20220.0400
 23-Dec-20210.0400
 18-Nov-20210.0400
 21-Oct-20210.0400
 23-Sep-20210.0400
 20-Aug-20210.0400
 22-Jul-20210.0400
 17-Jun-20210.0400
 20-May-20210.0400
 22-Apr-20210.0400
 18-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

Contact Information

AMC: HDFC Asset Management Company Ltd

Address: Ground Floor, Mafatlal House, H.T Parekh Marg 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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