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HDFC Arbitrage Fund - Wholesale Plan


1 Lakh

Investment Grown to
₹ 1.18 Lakh

₹ 10000

Monthly SIP Grown to
₹ 3.92 Lakh

Analyst's Choice?

Suitability:

Arbitrage funds invest in equity shares and derivatives and earn their returns through price differential between a stock and its futures. By investing in these funds, you can expect to earn better returns than what you would get from a bank account.

Arbitrage funds keep their equity investments fully hedged, which basically means that their returns are not impacted by the day-to-day ups and downs of the stock market. The risk of incurring a loss in these funds is low but they do not guarantee returns or safety of capital.

Retail investors can avoid these funds altogether. We believe that liquid funds are a better alternative with a somewhat similar risk-return payoff but better liquidity.

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 paid by the mutual fund scheme are taxed at the rate of 10% (effectively 11.648%, including surcharge and cess). This is known as Dividend Distribution Tax (DDT). Though the investor does not pay this tax directly, it is deducted from the dividend income before passing on to the investor.

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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 0.36 0.01 0.10 0.43 1.22 2.67 5.97 5.73 6.20 6.75 7.07
CCIL T Bill Liquidity Weight 0.17 -0.03 0.05 0.22 0.78 1.83 4.20 4.13 4.46 4.79 4.69
Hybrid: Arbitrage 0.34 0.02 0.09 0.38 1.09 2.50 5.80 5.75 6.32 6.97 7.13
Rank within category 5 17 9 2 6 9 13 15 14 9 5
Number of funds in category 24 24 24 24 24 23 21 17 15 10 9

As on 21-Jan-2020

Best & Worst Performance

Best (Period) Worst (Period)
Week -- ( - ) -- ( - )
Month 1.79 (24-Dec-2007 - 23-Jan-2008) -0.08 (30-Jun-2008 - 30-Jul-2008)
Quarter 3.13 (31-Dec-2007 - 31-Mar-2008) 0.60 (15-Dec-2009 - 16-Mar-2010)
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 5.52 0.50 -0.40 -0.79 0.64 0.85
CCIL T Bill Liquidity Weight 4.08 0.26 -10.52 -- -- --
Hybrid: Arbitrage 5.54 0.70 -0.02 0.03 0.57 0.75
Rank within category 15 5 15 16 14 10
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-Dec-2019

Asset Allocation (%)

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Concentration & Valuation

Number of Stocks 88
Top 10 Holdings (%) 42.56
Top 5 Holdings (%) 29.14
Top 3 Sectors (%) 34.22
Portfolio P/B Ratio 2.91
Portfolio P/E Ratio 22.57

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 -- 6.86 - 10.91 6.86
equal Punjab National Bank Fixed Deposits -- 0.00 - 3.36 3.15
equal AU Small Finance Bank Fixed Deposits -- 0.52 - 3.22 2.73
equal 9.34% M&M Financial Services 17/03/2020 Bonds/Debentures AAA 0.00 - 2.05 1.67
equal 8.82% Tata Capital Financial Services 20/03/2020 Bonds/Debentures AAA 0.00 - 1.91 1.56
down 7.58% LIC Housing Fin. 28/02/2020 Debenture AAA 0.00 - 1.99 1.55
equal HDFC 2020 Debenture AAA 0.00 - 0.98 0.97
equal Aditya Birla Finance 15/05/2020 Zero Coupon Bonds AAA 0.00 - 1.09 0.95
equal 8.50% National Bank Agr. Rur. Devp 31/01/2022 Non Convertible Debenture AAA 0.00 - 1.15 0.93
equal Aditya Birla Finance 2020 Non Convertible Debenture AAA 0.00 - 1.02 0.88
equal Aditya Birla Finance 21/04/2020 Debenture AAA 0.00 - 1.00 0.87
equal Allahabad Bank Fixed Deposits -- 0.00 - 0.87 0.87
equal South Indian Bank Fixed Deposits -- 0.25 - 1.23 0.83
equal 8.45% LIC Housing Fin. 2020 Non Convertible Debenture AAA 0.00 - 0.80 0.78
equal 8.75% Vedanta 15/04/2021 Debenture AA 0.77 - 2.09 0.77
equal 8.95% Punjab National Bank Bonds A 0.00 - 1.30 0.76
equal 9.21% Punjab National Bank Bonds A 0.00 - 0.79 0.46
equal 7.59% REC 13/03/2020 Debenture AAA 0.00 - 0.40 0.39
equal 9.95% Syndicate Bank Debenture A+ 0.39 - 0.73 0.39
new 7.25% SIDBI 30/04/2020 Bonds AAA 0.00 - 0.39 0.39
equal 8.02% LIC Housing Fin. 18/02/2020 Debenture AAA 0.00 - 0.40 0.39
equal 7.69% M&M Financial Services 2020 Bonds/NCDs AAA 0.00 - 0.48 0.39
new 1.50% HDFC 18/06/2020 Debenture AAA 0.00 - 0.39 0.39
new 8.80% LIC Housing Fin. 24/12/2020 Debenture AAA 0.00 - 0.39 0.39
equal National Bank Agr. Rur. Devp 18/02/2020 Commercial Paper A1+ 0.00 - 0.39 0.38

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 Reliance Industries Energy 22.42 8.13 0.00 8.10
up HDFC Financial 35.10 7.17 0.01 6.87
up Tata Consultancy Services Technology 25.14 5.13 0.00 4.16
down Sun Pharmaceutical Inds. Healthcare 24.79 7.26 2.74 2.93
up Axis Bank Financial 45.54 3.73 0.00 2.64
up ITC FMCG 21.09 4.95 0.00 2.60
up Maruti Suzuki India Automobile 36.29 3.15 0.00 2.52
down Hindustan Unilever FMCG 67.62 3.20 0.00 2.13
up Mahindra & Mahindra Automobile 12.62 2.82 0.00 1.95
up HDFC Bank Financial 25.93 4.12 0.00 1.91
equal Aurobindo Pharma Healthcare 11.23 5.95 1.64 1.84
up Larsen & Toubro Construction 19.33 2.23 0.00 1.51
up HCL Technologies Technology 15.20 1.87 0.00 1.41
up State Bank of India Financial 27.67 2.83 0.00 1.38
down Asian Paints Chemicals 67.11 1.59 0.00 1.34
down Dr. Reddy's Lab Healthcare 18.55 3.75 0.42 1.10
up Ultratech Cement Construction 40.25 1.08 0.00 1.08
up Grasim Industries Construction 11.72 1.87 0.00 1.06
up Hero Motocorp Automobile 13.20 1.00 0.00 1.00
up Indusind Bank Financial 20.58 1.25 0.00 0.97
up Bharti Airtel Communication -- 1.78 0.00 0.87
down Tech Mahindra Technology 17.02 1.47 0.00 0.79
equal Adani Ports and Special Economic Zone Services 16.18 2.05 0.00 0.75
up Marico FMCG 36.15 1.02 0.00 0.70
down Adani Enterprises Services 24.03 1.07 0.00 0.68

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-2019

Fund Manager

— 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:


0.01%

Change from previous, NAV as on 21-Jan-2020

Growth: ₹ 23.0150

Dividend Monthly: ₹ 10.8620

Dividend: ₹ 10.4240


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: 7.04%
Benchmark: NIFTY 50 Arbitrage
Riskometer: Moderately Low
Type: Open-ended
Assets: ₹ 6,457 Cr (As on 31-Dec-2019)
Expense: 0.85% (As on 31-Dec-2019)
Risk Grade: Above Average
Return Grade: Below Average
Turnover: 95.39%

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend21-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
 22-Mar-20180.0500
 15-Feb-20180.0500
 22-Jan-20180.0500
 26-Dec-20170.0500
 27-Nov-20170.0500
Dividend Monthly21-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
 22-Mar-20180.0500
 15-Feb-20180.1000
 22-Jan-20180.0140
 26-Dec-20170.0500
 27-Nov-20170.0350

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: 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

Upcoming Video

Value Investing

Evaluating a company's financial health from the Cash Flow Statement

dateSaturday, 25-Jan-2020
time12:30 PM - 01:00 PM