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. Nemish Sheth
(w.e.f. 1st November 2021) &
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 March 31, 2022
@Income Distribution and Capital Withdrawal
Category: Arbitrage
Monthly Avg AUM 
: ₹ 5,188.56 Crores
: ₹ 5,188.56 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 : ₹ 5,065.46 Crores
: ₹ 5,065.46 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. | 0.69 |
| R Square | 0.60 |
| 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. | 0.44 |
| Portfolio Turnover | |
| Equity | 3.53 |
| Aggregate^ | 14.59 |
| Total Expense Ratio | |
| Regular | 1.08% |
| Direct | 0.35% |
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 March 31, 2022
| Regular Plan | Growth | 26.3898 |
| Regular Plan | Monthly IDCW@ | 12.9228 |
| Regular Plan | Annual IDCW@ | 10.5609 |
| Name | Industries | % of NAV |
| Adani Ports and Special Economic Zone | Transportation | 4.03% |
| Adani Enterprises | Minerals/Mining | 4.00% |
| HDFC | Finance | 3.38% |
| Reliance Industries | Petroleum Products | 2.47% |
| Hindustan Unilever | Consumer Non Durables | 1.90% |
| Vedanta | Non - Ferrous Metals | 1.89% |
| HCL Technologies | Software | 1.86% |
| Ambuja Cements | Cement & Cement Products | 1.85% |
| HDFC Life Insurance Company | Insurance | 1.72% |
| Bajaj Finance | Finance | 1.62% |
| UPL | Pesticides | 1.41% |
| Godrej Properties | Construction | 1.15% |
| Tata Communications | Telecom - Services | 1.09% |
| Zee Entertainment Enterprises | Entertainment | 1.05% |
| Godrej Consumer Products | Consumer Non Durables | 1.04% |
| Indian Energy Exchange | Capital Markets | 1.00% |
| Larsen & Toubro Infotech | Software | 0.98% |
| Tech Mahindra | Software | 0.98% |
| Tata Consultancy Services | Software | 0.91% |
| Multi Commodity Exchange of India | Capital Markets | 0.91% |
| National Aluminium Company | Non - Ferrous Metals | 0.88% |
| Biocon | Pharmaceuticals | 0.85% |
| Larsen & Toubro | Construction Project | 0.85% |
| Delta Corp | Leisure Services | 0.74% |
| LIC Housing Finance | Finance | 0.69% |
| IndusInd Bank | Banks | 0.69% |
| Piramal Enterprises | Finance | 0.68% |
| Infosys | Software | 0.67% |
| Sun TV Network | Entertainment | 0.64% |
| Bajaj Finserv | Insurance | 0.59% |
| Axis Bank | Banks | 0.57% |
| UltraTech Cement | Cement & Cement Products | 0.56% |
| Shree Cement | Cement & Cement Products | 0.56% |
| ACC | Cement & Cement Products | 0.54% |
| Oberoi Realty | Construction | 0.52% |
| Zydus Lifesciences | Pharmaceuticals | 0.48% |
| Eicher Motors | Auto | 0.47% |
| ICICI Prudential Life Insurance Company | Insurance | 0.47% |
| Laurus Labs | Pharmaceuticals | 0.46% |
| Aurobindo Pharma | Pharmaceuticals | 0.46% |
| Bharat Electronics | Aerospace & Defense | 0.45% |
| MindTree | Software | 0.43% |
| HDFC Bank | Banks | 0.43% |
| MphasiS | Software | 0.42% |
| Bharat Heavy Electricals | Industrial Capital Goods | 0.41% |
| Lupin | Pharmaceuticals | 0.41% |
| Siemens | Industrial Capital Goods | 0.40% |
| Granules India | Pharmaceuticals | 0.39% |
| Jubilant Foodworks | Leisure Services | 0.39% |
| The Ramco Cements | Cement & Cement Products | 0.39% |
| Muthoot Finance | Finance | 0.38% |
| L&T Technology Services | Software | 0.36% |
| Balrampur Chini Mills | Consumer Non Durables | 0.36% |
| Jindal Steel & Power | Ferrous Metals | 0.34% |
| Kotak Mahindra Bank | Banks | 0.34% |
| Manappuram Finance | Finance | 0.33% |
| Info Edge (India) | Retailing | 0.32% |
| Petronet LNG | Gas | 0.32% |
| United Spirits | Consumer Non Durables | 0.31% |
| Asian Paints | Consumer Non Durables | 0.31% |
| SBI Cards and Payment Services | Finance | 0.31% |
| Container Corporation of India | Transportation | 0.30% |
| Firstsource Solutions | Software | 0.28% |
| Hindustan Copper | Non - Ferrous Metals | 0.28% |
| Divi's Laboratories | Pharmaceuticals | 0.27% |
| Tata Steel | Ferrous Metals | 0.27% |
| Alembic Pharmaceuticals | Pharmaceuticals | 0.26% |
| Bosch | Auto Ancillaries | 0.26% |
| Apollo Hospitals Enterprise | Healthcare Services | 0.25% |
| Crompton Greaves Consumer Electricals | Consumer Durables | 0.25% |
| Glenmark Pharmaceuticals | Pharmaceuticals | 0.25% |
| GAIL (India) | Gas | 0.25% |
| Coforge | Software | 0.24% |
| Tata Chemicals | Chemicals | 0.24% |
| Power Finance Corporation | Finance | 0.24% |
| Power Grid Corporation of India | Power | 0.24% |
| PVR | Entertainment | 0.23% |
| Aditya Birla Capital | Finance | 0.23% |
| Strides Pharma Science | Pharmaceuticals | 0.23% |
| Tata Power Company | Power | 0.22% |
| Aditya Birla Fashion and Retail | Retailing | 0.22% |
| Indian Oil Corporation | Petroleum Products | 0.21% |
| Steel Authority of India | Ferrous Metals | 0.21% |
| Indus Towers | Telecom - Services | 0.21% |
| Exide Industries | Auto Ancillaries | 0.20% |
| RBL Bank | Banks | 0.19% |
| DLF | Construction | 0.19% |
| SRF | Chemicals | 0.19% |
| InterGlobe Aviation | Transportation | 0.19% |
| Name | Industries | % of NAV |
| Bandhan Bank | Banks | 0.18% |
| Oil & Natural Gas Corporatio | n Oil | 0.18% |
| Hindustan Petroleum Corporation | Petroleum Products | 0.18% |
| Rain Industries | Chemicals | 0.17% |
| Indraprastha Gas | Gas | 0.16% |
| Motherson Sumi Systems | Auto Ancillaries | 0.15% |
| Havells India | Consumer Durables | 0.14% |
| Mahanagar Gas | Gas | 0.14% |
| Amara Raja Batteries | Auto Ancillaries | 0.13% |
| The Federal Bank | Banks | 0.13% |
| Nestle India | Consumer Non Durables | 0.12% |
| Punjab National Bank | Banks | 0.11% |
| The Indian Hotels Company | Leisure Services | 0.11% |
| City Union Bank | Banks | 0.11% |
| SBI Life Insurance Company | Insurance | 0.11% |
| Whirlpool of India | Consumer Durables | 0.10% |
| State Bank of India | Banks | 0.10% |
| Grasim Industries | Cement & Cement Products | 0.10% |
| Intellect Design Arena | Software | 0.09% |
| Pfizer | Pharmaceuticals | 0.09% |
| Birlasoft | Software | 0.09% |
| Dalmia Bharat | Cement & Cement Products | 0.09% |
| Metropolis Healthcare | Healthcare Services | 0.09% |
| Tata Consumer Products | Consumer Non Durables | 0.08% |
| Trent | Retailing | 0.08% |
| M&M Financial Services | Finance | 0.08% |
| Bharat Forge | Industrial Products | 0.07% |
| Astral | Industrial Products | 0.07% |
| Deepak Nitrite | Chemicals | 0.07% |
| Ashok Leyland | Auto | 0.07% |
| Page Industries | Textile Products | 0.07% |
| Bharat Petroleum Corporation | Petroleum Products | 0.07% |
| PI Industries | Pesticides | 0.06% |
| Shriram Transport Finance Company | Finance | 0.06% |
| Dr. Reddy's Laboratories | Pharmaceuticals | 0.06% |
| NMDC | Minerals/Mining | 0.06% |
| Britannia Industries | Consumer Non Durables | 0.06% |
| Abbott India | Pharmaceuticals | 0.05% |
| NBCC (India) | Construction | 0.05% |
| The India Cements | Cement & Cement Products | 0.05% |
| Hero MotoCorp | Auto | 0.05% |
| United Breweries | Consumer Non Durables | 0.05% |
| ICICI Lombard General Insurance Company | Insurance | 0.05% |
| Marico | Consumer Non Durables | 0.04% |
| Canara Bank | Banks | 0.04% |
| Gujarat State Petronet | Gas | 0.04% |
| Apollo Tyres | Auto Ancillaries | 0.04% |
| Maruti Suzuki India | Auto | 0.04% |
| Chambal Fertilizers & Chemicals | Fertilisers | 0.04% |
| Indiabulls Housing Finance | Finance | 0.03% |
| Can Fin Homes | Finance | 0.03% |
| ICICI Bank | Banks | 0.03% |
| Dabur India | Consumer Non Durables | 0.03% |
| Cipla | Pharmaceuticals | 0.03% |
| Hindustan Aeronautics | Aerospace & Defense | 0.03% |
| REC | Finance | 0.02% |
| Balkrishna Industries | Auto Ancillaries | 0.02% |
| Titan Company | Consumer Durables | 0.02% |
| ABB India | Industrial Capital Goods | 0.01% |
| Pidilite Industries | Chemicals | 0.01% |
| Oracle Financial Services Software | Software | 0.01% |
| Bata India | Consumer Durables | 0.01% |
| Cholamandalam Invt and Fin Co | Finance | 0.01% |
| Gujarat Gas | Gas | 0.01% |
| Max Financial Services | Insurance | 0.01% |
| ITC | Consumer Non Durables | 0.01% |
| Berger Paints (I) | Consumer Non Durables | 0.01% |
| Alkem Laboratories | Pharmaceuticals | 0.01% |
| Syngene International | Healthcare Services | 0.01% |
| Mahindra & Mahindra | Auto | 0.01% |
| IPCA Laboratories | Pharmaceuticals | 0.01% |
| Torrent Pharmaceuticals | Pharmaceuticals | 0.01% |
| Hindalco Industries | Non - Ferrous Metals | 0.002% |
| AU Small Finance Bank | Banks | 0.001% |
| Coromandel International | Fertilisers | 0.001% |
| Total Hedged Equity | 66.74% | |
| Treasury Bill | 8.25% | |
| Corporate Bond | 2.92% | |
| Government Bond | 2.04% | |
| PTC^ | 0.66% | |
| Certificate of Deposit | 0.48% | |
| Zero Coupon Bond | 0.03% | |
| Mutual Fund Units | ||
| IDFC Cash Fund | 14.65% | |
| Net Cash and Cash Equivalent | 4.21% | |
| Grand Total | 100.00% | |
| ^First Business Receivables Trust- wt. avg. mat: 1.56 years (PTC originated by Reliance Industries Limited) | ||
| Finance | 8.10% |
| Software | 7.34% |
| Transportation | 4.51% |
| Consumer Non Durables | 4.31% |
| Pharmaceuticals | 4.31% |
| Cement & Cement Products | 4.13% |
| Minerals/Mining | 4.05% |
| Non - Ferrous Metals | 3.06% |
| Insurance | 2.94% |
| Petroleum Products | 2.92% |
| Banks | 2.92% |
| Entertainment | 1.92% |
| Construction | 1.92% |
| Capital Markets | 1.91% |
| Pesticides | 1.47% |
| Telecom - Services | 1.30% |
| Leisure Services | 1.24% |
| Gas | 0.92% |
| Construction Project | 0.85% |
| Industrial Capital Goods | 0.83% |
| Ferrous Metals | 0.81% |
| Auto Ancillaries | 0.80% |
| Chemicals | 0.69% |
| Auto | 0.63% |
| Retailing | 0.61% |
| Consumer Durables | 0.53% |
| Aerospace & Defense | 0.48% |
| Power | 0.45% |
| Healthcare Services | 0.35% |
| Oil | 0.18% |
| Industrial Products | 0.15% |
| Textile Products | 0.07% |
| Fertilisers | 0.04% |
Performance based on NAV as on 31/03/2022. 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 3.90% (FBIL OVERNIGHT MIBOR as on 31st March 2022). 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).
