IDFC Arbitrage Fund
An open ended scheme investing in arbitrage opportunities
IDFC Arbitrage Fund
An open ended scheme investing in arbitrage opportunities.
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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
Inception Date: 21 December 2006
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:
Benchmark: Nifty 50 Arbitrage Index
(w.e.f. April 01, 2018)
SIP (Minimum Amount): ₹ 100/-
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, IDCW@ - (Payout, Reinvestment and Sweep (from Equity Schemes to Debt Schemes only)) - Monthly & Annual
0.25% if redeemed / switched-out
within 1 month from the date of allotment
(w.e.f 01st July 2016)
NAV (₹) as on September 30, 2021
@Income Distribution and Capital Withdrawal
Category: Arbitrage
Monthly Avg AUM 
: ₹ 6,676.14 Crores
: ₹ 6,676.14 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 : ₹ 6,639.85 Crores
: ₹ 6,639.85 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.
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.
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. | 0.67 |
| R Square | 0.61 |
| 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. | 0.81% |
| 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. | 1.52 |
| Portfolio Turnover | |
| Equity | 2.69 |
| Aggregate^ | 13.45 |
| Total Expense Ratio | |
| Regular | 1.05% |
| Direct | 0.37% |
SIP (Minimum Amount): ₹ 100/-
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, IDCW@ - (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.
(w.e.f 01st July 2016)
NAV (₹) as on September 30, 2021
| Regular Plan | Growth | 25.9593 |
| Regular Plan | Monthly IDCW@ | 12.9040 |
| Regular Plan | Annual IDCW@ | 10.7099 |
| Name | Industries | % of NAV |
| Adani Ports and Special Economic Zone | Transportation | 3.53% |
| ITC | Consumer Non Durables | 2.84% |
| Vedanta | Non - Ferrous Metals | 2.55% |
| Sun Pharmaceutical Industries | Pharmaceuticals | 2.51% |
| Tata Power Company | Power | 2.42% |
| Apollo Hospitals Enterprise | Healthcare Services | 1.96% |
| Bajaj Finance | Finance | 1.63% |
| NMDC | Minerals/Mining | 1.59% |
| Bandhan Bank | Banks | 1.58% |
| HDFC Asset Management Company | Capital Markets | 1.54% |
| Zee Entertainment Enterprises | Entertainment | 1.52% |
| The Federal Bank | Banks | 1.45% |
| JSW Steel | Ferrous Metals | 1.43% |
| Tata Chemicals | Chemicals | 1.30% |
| Cholamandalam Invt and Fin Co | Finance | 1.27% |
| Adani Enterprises | Minerals/Mining | 1.26% |
| Bank of Baroda | Banks | 1.16% |
| State Bank of India | Banks | 1.11% |
| Jindal Steel & Power | Ferrous Metals | 1.06% |
| Bajaj Auto | Auto | 1.05% |
| Escorts | Auto | 1.04% |
| Maruti Suzuki India | Auto | 1.01% |
| ACC | Cement & Cement Products | 0.99% |
| United Spirits | Consumer Non Durables | 0.98% |
| Cadila Healthcare | Pharmaceuticals | 0.95% |
| National Aluminium Company | Non - Ferrous Metals | 0.90% |
| Hero MotoCorp | Auto | 0.89% |
| LIC Housing Finance | Finance | 0.89% |
| Tata Steel | Ferrous Metals | 0.84% |
| Muthoot Finance | Finance | 0.83% |
| Power Grid Corporation of India | Power | 0.81% |
| Bharti Airtel | Telecom - Services | 0.80% |
| Shriram Transport Finance Company | Finance | 0.80% |
| Bharat Heavy Electricals | Industrial Capital Goods | 0.79% |
| AU Small Finance Bank | Banks | 0.73% |
| Steel Authority of India | Ferrous Metals | 0.72% |
| Exide Industries | Auto Ancillaries | 0.72% |
| Piramal Enterprises | Finance | 0.61% |
| Siemens | Industrial Capital Goods | 0.56% |
| Coal India | Minerals/Mining | 0.56% |
| Biocon | Pharmaceuticals | 0.52% |
| UPL | Pesticides | 0.50% |
| Pidilite Industries | Chemicals | 0.49% |
| Godrej Consumer Products | Consumer Non Durables | 0.46% |
| InterGlobe Aviation | Transportation | 0.46% |
| Punjab National Bank | Banks | 0.46% |
| RBL Bank | Banks | 0.44% |
| Canara Bank | Banks | 0.40% |
| HDFC Life Insurance Company | Insurance | 0.40% |
| PVR | Entertainment | 0.39% |
| Hindustan Petroleum Corporation | Petroleum Products | 0.38% |
| Grasim Industries | Cement & Cement Products | 0.37% |
| Ambuja Cements | Cement & Cement Products | 0.37% |
| MphasiS | Software | 0.36% |
| Marico | Consumer Non Durables | 0.36% |
| L&T Finance Holdings | Finance | 0.36% |
| Bharat Forge | Industrial Products | 0.34% |
| IndusInd Bank | Banks | 0.33% |
| Oil & Natural Gas Corporation | Oil | 0.31% |
| Tata Consultancy Services | Software | 0.31% |
| Indraprastha Gas | Gas | 0.30% |
| Divi's Laboratories | Pharmaceuticals | 0.30% |
| Navin Fluorine International | Chemicals | 0.30% |
| Bata India | Consumer Durables | 0.29% |
| Info Edge (India) | Retailing | 0.27% |
| Deepak Nitrite | Chemicals | 0.25% |
| Larsen & Toubro | Construction Project | 0.25% |
| Sun TV Network | Entertainment | 0.24% |
| Petronet LNG | Gas | 0.24% |
| Apollo Tyres | Auto Ancillaries | 0.23% |
| GAIL (India) | Gas | 0.22% |
| Tech Mahindra | Software | 0.22% |
| Axis Bank | Banks | 0.20% |
| Havells India | Consumer Durables | 0.20% |
| M&M Financial Services | Finance | 0.20% |
| Amara Raja Batteries Auto | Ancillaries | 0.20% |
| Lupin | Pharmaceuticals | 0.19% |
| HDFC Bank | Banks | 0.19% |
| Aditya Birla Fashion and Retail | Retailing | 0.18% |
| Ashok Leyland | Auto | 0.16% |
| SRF | Chemicals | 0.16% |
| Bajaj Finserv | Insurance | 0.15% |
| NTPC | Power | 0.14% |
| Torrent Pharmaceuticals | Pharmaceuticals | 0.14% |
| Max Financial Services | Insurance | 0.14% |
| Container Corporation of India | Transportation | 0.14% |
| Tata Motors | Auto | 0.13% |
| Power Finance Corporation | Finance | 0.13% |
| Name | Industries | % of NAV |
| Oracle Financial Services Software | Software | 0.13% |
| Mahindra & Mahindra | Auto | 0.12% |
| Mahanagar Gas | Gas | 0.12% |
| Coromandel International | Fertilisers | 0.12% |
| REC | Finance | 0.12% |
| Berger Paints (I) | Consumer Non Durables | 0.12% |
| The Indian Hotels Company | Leisure Services | 0.10% |
| PI Industries | Pesticides | 0.10% |
| Strides Pharma Science | Pharmaceuticals | 0.10% |
| Can Fin Homes | Finance | 0.09% |
| Tata Consumer Products | Consumer Non Durables | 0.09% |
| Alkem Laboratories | Pharmaceuticals | 0.08% |
| Bharat Electronics | Aerospace & Defense | 0.08% |
| Page Industries | Textile Products | 0.07% |
| Indus Towers | Telecom - Services | 0.07% |
| Astral | Industrial Products | 0.07% |
| Aurobindo Pharma | Pharmaceuticals | 0.07% |
| Multi Commodity Exchange of India | Capital Markets | 0.07% |
| DLF | Construction | 0.07% |
| MRF | Auto Ancillaries | 0.06% |
| UltraTech Cement | Cement & Cement Products | 0.06% |
| Bharat Petroleum Corporation | Petroleum Products | 0.06% |
| Indian Railway Catering And Tourism Corporation | Transportation | 0.06% |
| Trent | Retailing | 0.06% |
| Hindalco Industries | Non - Ferrous Metals | 0.06% |
| Indiamart Intermesh | Retailing | 0.05% |
| Coforge | Software | 0.05% |
| ICICI Bank | Banks | 0.05% |
| HDFC | Finance | 0.05% |
| Larsen & Toubro Infotech | Software | 0.05% |
| Manappuram Finance | Finance | 0.05% |
| SBI Life Insurance Company | Insurance | 0.05% |
| The Ramco Cements | Cement & Cement Products | 0.04% |
| Gujarat Gas | Gas | 0.04% |
| Alembic Pharmaceuticals | Pharmaceuticals | 0.04% |
| Pfizer | Pharmaceuticals | 0.04% |
| Polycab India | Industrial Products | 0.04% |
| Jubilant Foodworks | Leisure Services | 0.04% |
| Granules India | Pharmaceuticals | 0.04% |
| Torrent Power | Power | 0.03% |
| Syngene International | Healthcare Services | 0.03% |
| Dabur India | Consumer Non Durables | 0.03% |
| Indian Oil Corporation | Petroleum Products | 0.02% |
| Balkrishna Industries | Auto Ancillaries | 0.02% |
| City Union Bank | Banks | 0.02% |
| Bosch | Auto Ancillaries | 0.02% |
| Hindustan Aeronautics | Aerospace & Defense | 0.02% |
| United Breweries | Consumer Non Durables | 0.02% |
| Titan Company | Consumer Durables | 0.02% |
| Cummins India | Industrial Products | 0.02% |
| Nippon Life India Asset Management | Capital Markets | 0.01% |
| MindTree | Software | 0.01% |
| Motherson Sumi Systems | Auto Ancillaries | 0.01% |
| Dr. Reddy's Laboratories | Pharmaceuticals | 0.01% |
| Voltas | Consumer Durables | 0.01% |
| ICICI Prudential Life Insurance Company | Insurance | 0.01% |
| Hindustan Unilever | Consumer Non Durables | 0.01% |
| Indian Energy Exchange | Capital Markets | 0.01% |
| HCL Technologies | Software | 0.01% |
| GMR Infrastructure | Construction Project | 0.01% |
| Britannia Industries | Consumer Non Durables | 0.005% |
| Glenmark Pharmaceuticals | Pharmaceuticals | 0.004% |
| Reliance Industries | Petroleum Products | 0.004% |
| Shree Cement | Cement & Cement Products | 0.003% |
| Cipla | Pharmaceuticals | 0.003% |
| Metropolis Healthcare | Healthcare Services | 0.002% |
| ICICI Lombard General Insurance Company | Insurance | 0.002% |
| Dixon Technologies (India) | Consumer Durables | 0.001% |
| Bharti Airtel | Telecom - Services | 0.0001% |
| Total Hedged Equity | 68.11% | |
| Treasury Bill | 16.95% | |
| Government Bond | 1.20% | |
| Corporate Bond | 0.89% | |
| PTC^ | 0.63% | |
| Zero Coupon Bond | 0.02% | |
| Mutual Fund Units | ||
| IDFC Cash Fund | 7.03% | |
| Net Cash and Cash Equivalent | 5.17% | |
| Grand Total | 100.00% | |
| ^First Business Receivables Trust- wt. avg. mat: 1.67 years (PTC originated by Reliance Industries Limited) | ||
| Banks | 8.12% |
| Finance | 7.02% |
| Pharmaceuticals | 5.00% |
| Consumer Non Durables | 4.91% |
| Auto | 4.41% |
| Transportation | 4.18% |
| Ferrous Metals | 4.05% |
| Non - Ferrous Metals | 3.50% |
| Minerals/Mining | 3.42% |
| Power | 3.40% |
| Chemicals | 2.50% |
| Entertainment | 2.16% |
| Healthcare Services | 2.00% |
| Cement & Cement Products | 1.84% |
| Capital Markets | 1.63% |
| Industrial Capital Goods | 1.35% |
| Auto Ancillaries | 1.27% |
| Software | 1.14% |
| Gas | 0.93% |
| Telecom - Services | 0.87% |
| Insurance | 0.75% |
| Pesticides | 0.60% |
| Retailing | 0.56% |
| Consumer Durables | 0.52% |
| Petroleum Products | 0.47% |
| Industrial Products | 0.47% |
| Oil | 0.31% |
| Construction Project | 0.25% |
| Leisure Services | 0.13% |
| Fertilisers | 0.12% |
| Aerospace & Defense | 0.10% |
| Textile Products | 0.07% |
| Construction | 0.07% |
Performance based on NAV as on 30/09/2021. 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.
Scheme risk-o-meter
Investors understand that their principal will be at Low risk
This product is suitable for investors who are seeking*
- 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.
Benchmark risk-o-meter
Nifty 50 Arbitrage Index
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 3.49% (FBIL OVERNIGHT MIBOR as on 30th September 2021). 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).
