IDFC Arbitrage Fund

An open ended scheme investing in arbitrage opportunities

30th April 2020

IDFC Arbitrage Fund

An open ended scheme investing in arbitrage opportunities.

30th April 2020

About the Fund: The fund invests in arbitrage opportunities in the cash and the derivative segments of the equity markets. It aims to capture the spread (Cost of Carry) between the cash and futures market by simultaneously executing buy (in the cash market) and sell (in the futures market) trades. The balance is invested in debt and money market instruments. The fund typically follows a strategy of taking market neutral (equally offsetting) positions in the equity market making it a low risk product irrespective of the movements in equity market.
Category: Arbitrage
Monthly Avg AUM : ₹ 6,596.66 Crores

AUM or assets under management refers to the recent / updated cumulative market value of investments managed by a mutual fund or any investment firm.

Monthly end AUM : ₹ 6,607.02 Crores

AUM or assets under management refers to the recent / updated cumulative market value of investments managed by a mutual fund or any investment firm.

Inception Date: 21 December 2006
Fund Manager :

An employee of the asset management company such as a mutual fund or life insurer, who manages investments of the scheme. He is usually part of a larger team of fund managers and research analysts.

Equity Portion: Mr. Yogik Pitti (w.e.f. 27th June 2013), Mr. Arpit Kapoor (w.e.f. 1st March 2017)
Debt Portion: Mr. Harshal Joshi (w.e.f. 20th October 2016)
Other Parameter:
Beta

Beta is a measure of an investment's volatility vis-a-vis the market. Beta of less than 1 means that the security will be less volatile than the market. A beta of greater than 1 implies that the security's price will be more volatile than the market.

0.53
R Square 0.37
Standard Deviation (Annualized)

Standard deviation is a statistical measure of the range of an investment's performance. When a mutual fund has a high standard deviation, its means its range of performance is wide, implying greater volatility.

0.58%
Sharpe*

The Sharpe Ratio, named after its founder, the Nobel Laureate William Sharpe, is a measure of risk-adjusted returns. It is calculated using standard deviation and excess return to determine reward per unit of risk.

2.77
Portfolio Turnover
Equity2.76
Aggregate^14.85
Expense Ratio
Regular1.07%
Direct0.27%
Benchmark: Nifty 50 Arbitrage Index (w.e.f. April 01, 2018)
SIP (Minimum Amount): ₹ 1,00/-
SIP Frequency: Monthly
SIP Dates (Monthly): Investor may choose any day of the month except 29th, 30th and 31st as the date of instalment.
Investment Objective: Click here
Minimum Investment Amount : ₹ 100/- and any amount thereafter
Option Available: Growth, Dividend - (Payout,Reinvestment and Sweep (from Equity Schemes to Debt Schemes only)) - Monthly & Annual
Exit Load :

Exit load is charged at the time an investor redeems the units of a mutual fund. The exit load is deducted from the prevailing NAV at the time of redemption. For instance, if the NAV is ₹ 100 and the exit load is 1%, the redemption price would be ₹ 99 per unit.

0.25% if redeemed / switched-out within 1 month from the date of allotment (w.e.f 01st July 2016)
NAV (₹)
Regular PlanGrowth24.7807
Regular PlanMonthly Dividend12.7459
Regular PlanAnnual Dividend10.2234


NameIndustries% of NAV
Bharti Airtel Telecom - Services 6.11%
HDFC Finance 6.07%
Infosys Software 5.18%
Reliance Industries Petroleum Products 4.15%
Sun Pharmaceutical Industries Pharmaceuticals 2.82%
Lupin Pharmaceuticals 1.93%
Tech Mahindra Software 1.91%
State Bank of India Banks 1.81%
ICICI Bank Banks 1.69%
Larsen & Toubro Construction Project 1.69%
Tata Consultancy Services Software 1.61%
Axis Bank Banks 1.50%
Biocon Pharmaceuticals 1.22%
Adani Ports and Special Economic Zone Transportation 1.18%
Cipla Pharmaceuticals 1.07%
Vedanta Non - Ferrous Metals 1.01%
Grasim Industries Cement 0.98%
Marico Consumer Non Durables 0.97%
Asian Paints Consumer Non Durables 0.95%
Divi's Laboratories Pharmaceuticals 0.95%
Indian Oil Corporation Petroleum Products 0.76%
Wipro Software 0.75%
Dabur India Consumer Non Durables 0.69%
REC Finance 0.64%
DLF Construction 0.64%
UPL Pesticides 0.63%
Hindustan Petroleum Corporation Petroleum Products 0.60%
Power Grid Corporation of India Power 0.57%
Coal India Minerals/Mining 0.55%
ACC Cement 0.54%
NTPC Power 0.53%
United Spirits Consumer Non Durables 0.49%
Nestle India Consumer Non Durables 0.47%
UltraTech Cement Cement 0.46%
Dr. Reddy's Laboratories Pharmaceuticals 0.45%
Maruti Suzuki India Auto 0.39%
Power Finance Corporation Finance 0.38%
NMDC Minerals/Mining 0.38%
Godrej Consumer Products Consumer Non Durables 0.37%
Eicher Motors Auto 0.34%
HCL Technologies Software 0.34%
Berger Paints (I) Consumer Non Durables 0.33%
Hindalco Industries Non - Ferrous Metals 0.32%
Ambuja Cements Cement 0.31%
Container Corporation of India Transportation 0.30%
Tata Motors Auto 0.29%
IndusInd Bank Banks 0.29%
Hero MotoCorp Auto 0.28%
Tata Consumer Products Consumer Non Durables 0.27%
Petronet LNG Gas 0.27%
Hindustan Unilever Consumer Non Durables 0.26%
Bajaj Auto Auto 0.26%
Bharat Electronics Industrial Capital Goods 0.24%
Cadila Healthcare Pharmaceuticals 0.24%
JSW Steel Ferrous Metals 0.23%
Titan Company Consumer Durables 0.21%
Bharat Petroleum Corporation Petroleum Products 0.20%
Adani Power Power 0.20%
Sun TV Network Media & Entertainment 0.20%
Pidilite Industries Chemicals 0.19%


NameIndustries% of NAV
Shree Cement Cement 0.18%
Bharat Heavy Electricals Industrial Capital Goods 0.18%
Exide Industries Auto Ancillaries 0.18%
Siemens Industrial Capital Goods 0.17%
GMR Infrastructure Construction Project 0.17%
Amara Raja Batteries Auto Ancillaries 0.16%
Mahindra & Mahindra Auto 0.16%
Bosch Auto Ancillaries 0.15%
Bajaj Finance Finance 0.15%
The Federal Bank Banks 0.14%
Bajaj Finserv Finance 0.14%
Mahanagar Gas Gas 0.13%
Voltas Consumer Durables 0.12%
HDFC Life Insurance Company Finance 0.12%
Tata Power Company Power 0.11%
SRF Industrial Products 0.11%
Bharti Infratel Telecom - Equipment & Accessories 0.10%
GAIL (India) Gas 0.10%
Cholamandalam Invt and Fin Co Finance 0.09%
Havells India Consumer Durables 0.08%
Glenmark Pharmaceuticals Pharmaceuticals 0.07%
Indraprastha Gas Gas 0.07%
Punjab National Bank Banks 0.06%
LIC Housing Finance Finance 0.06%
Torrent Pharmaceuticals Pharmaceuticals 0.06%
M&M Financial Services Finance 0.06%
Colgate Palmolive (India) Consumer Non Durables 0.06%
Bharat Forge Industrial Products 0.06%
Aurobindo Pharma Pharmaceuticals 0.05%
Tata Steel Ferrous Metals 0.05%
Cummins India Industrial Products 0.05%
Info Edge (India) Software 0.05%
Adani Enterprises Trading 0.04%
Zee Entertainment Enterprises Media & Entertainment 0.04%
Century Textiles & Industries Paper 0.03%
MRF Auto Ancillaries 0.03%
Tata Chemicals Chemicals 0.02%
Canara Bank Banks 0.02%
Bandhan Bank Banks 0.02%
Jindal Steel & Power Ferrous Metals 0.02%
United Breweries Consumer Non Durables 0.01%
Apollo Tyres Auto Ancillaries 0.01%
Escorts Auto 0.005%
Piramal Enterprises Finance 0.004%
Torrent Power Power 0.003%
Motherson Sumi Systems Auto Ancillaries 0.002%
Max Financial Services Finance 0.002%
Manappuram Finance Finance 0.001%
Ujjivan Financial Services Finance 0.001%
Bank of Baroda Banks 0.001%
Total Hedged Equity 64.34%
Margin Fixed Deposit 29.65%
Corporate Bond 2.14%
Certificate of Deposit 1.91%
Commercial Paper 1.07%
PTC^ 0.74%
Zero Coupon Bond 0.02%
Net Cash and Cash Equivalent 0.13%
Grand Total 100.00%
^PTC originated by Reliance Industries Limited


Past performance may or may not be sustained in future.Dividends are assumed to be reinvested and bonus is adjusted. Load is not taken into consideration. To illustrate the advantages of SIP investment, this is how your investment would have grown if you had invested say ₹ 10,000 systematically on the first business Day of every month over a period of time. Returns are calculated by using XIRR approach. XIRR helps in calculating return on investment given an initial and final value and a series of cash inflows and outflows with the correct allowance for the time impact of the transactions. Data as on 30th April 2020


Software 9.84%
Pharmaceuticals 8.85%
Finance 7.71%
Telecom - Services 6.11%
Petroleum Products 5.72%
Banks 5.53%
Consumer Non Durables 4.88%
Cement 2.48%
Construction Project 1.85%
Auto 1.74%
Transportation 1.48%
Power 1.41%
Non - Ferrous Metals 1.33%
Minerals/Mining 0.93%


Construction 0.64%
Pesticides 0.63%
Industrial Capital Goods 0.59%
Gas 0.55%
Auto Ancillaries 0.53%
Consumer Durables 0.41%
Ferrous Metals 0.30%
Media & Entertainment 0.23%
Chemicals 0.22%
Industrial Products 0.21%
Telecom - Equipment & Accessories 0.10%
Trading 0.04%
Paper 0.03%



Performance based on NAV as on 30/04/2020. Past performance may or may not be sustained in future.
The performances given are of regular plan growth option.
Click here for other funds managed by the fund manager and refer to the respective fund pages
#Benchmark Returns. ##Alternate Benchmark Returns.



  • To generate low volatility returns over short to medium term.
  • Investments predominantly in arbitrage opportunities in the cash and derivative segments of the equity markets with balance exposure in debt and money market instruments.

* Investors should consult their financial advisers if in doubt about whether the product is suitable for them.




Regular and Direct Plans have different expense structure. Direct Plan shall have a lower expense ratio excluding distribution expenses, commission expenses etc.
* Risk-free rate assumed to be 4.41% (FBIL OVERNIGHT MIBOR as on 30th April 2020). Ratios calculated on the basis of 3 years history of monthly data.
^Portfolio Turnover ratio is calculated as Lower of purchase or sale during the period / Average AUM for the last one year (includes Fixed Income securities and Equity derivatives).