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 November 30, 2022
@Income Distribution and Capital Withdrawal
Category: Arbitrage
Monthly Avg AUM 
: ₹ 3,687.24 Crores
: ₹ 3,687.24 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 : ₹ 3,622.59 Crores
: ₹ 3,622.59 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. | 0.62 |
| R Square | 0.47 |
| 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. | 0.70% |
| 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. | -3.10 |
| Portfolio Turnover | |
| Equity | 3.64 |
| Aggregate^ | 14.14 |
| 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 November 30, 2022
| Regular Plan | Growth | 27.0671 |
| Regular Plan | Monthly IDCW@ | 12.9496 |
| Regular Plan | Annual IDCW@ | 10.8319 |
| Name | Industries | % of NAV |
| DLF | Realty | 2.90% |
| Adani Ports and Special Economic Zone | Transport Infrastructure | 2.72% |
| Ambuja Cements | Cement & Cement Products | 2.60% |
| Adani Enterprises | Metals & Minerals Trading | 2.52% |
| Tata Power Co | Power | 2.36% |
| Sun Pharmaceutical Industries | Pharmaceuticals & Biotechnology | 2.09% |
| Bajaj Finance | Finance | 1.94% |
| United Spirits | Beverages | 1.81% |
| HDFC Bank | Banks | 1.80% |
| Bajaj Finserv | Finance | 1.66% |
| Zee Entertainment Enterprises | Entertainment | 1.59% |
| Indusind Bank | Banks | 1.43% |
| Oberoi Realty | Realty | 1.39% |
| ICICI Prudential Life Insurance Company | Insurance | 1.31% |
| Vedanta | Diversified Metals | 1.27% |
| UPL | Fertilizers & Agrochemicals | 1.27% |
| Bharat Petroleum Corp | Petroleum Products | 1.24% |
| Asian Paints | Consumer Durables | 1.21% |
| Titan Company | Consumer Durables | 1.16% |
| Tata Steel | Ferrous Metals | 1.14% |
| Bharat Electronics | Aerospace & Defense | 1.14% |
| SRF | Chemicals & Petrochemicals | 1.09% |
| Apollo Hospitals Enterprise | Healthcare Services | 0.99% |
| ACC | Cement & Cement Products | 0.95% |
| Bandhan Bank | Banks | 0.92% |
| REC | Finance | 0.82% |
| Sun TV Network | Entertainment | 0.81% |
| ICICI Lombard General Insurance Company | Insurance | 0.81% |
| Ashok Leyland | Agricultural, Commercial & Construction Vehicles | 0.77% |
| ICICI Bank | Banks | 0.67% |
| Hindustan Aeronautics | Aerospace & Defense | 0.66% |
| Siemens | Electrical Equipment | 0.66% |
| Dr Reddys Laboratories | Pharmaceuticals & Biotechnology | 0.64% |
| Interglobe Aviation | Transport Services | 0.63% |
| Aditya Birla | Capital Insurance | 0.63% |
| Exide Industries | Auto Components | 0.59% |
| HDFC | Finance | 0.58% |
| Biocon | Pharmaceuticals & Biotechnology | 0.55% |
| Tech Mahindra | IT - Software | 0.55% |
| Canara Bank | Banks | 0.53% |
| Max Financial Services | Insurance | 0.53% |
| Samvardhana Motherson International | Auto Components | 0.53% |
| Godrej Consumer Products | Personal Products | 0.53% |
| National Aluminium Company | Non - Ferrous Metals | 0.49% |
| Coromandel International | Fertilizers & Agrochemicals | 0.49% |
| Bata India | Consumer Durables | 0.47% |
| Tata Chemicals | Chemicals & Petrochemicals | 0.45% |
| ITC | Diversified FMCG | 0.45% |
| Dabur India | Personal Products | 0.45% |
| Bharat Heavy Electricals | Electrical Equipment | 0.44% |
| Jubilant Foodworks | Leisure Services | 0.43% |
| Can Fin Homes | Finance | 0.43% |
| Amara Raja Batteries | Auto Components | 0.43% |
| Zydus Lifesciences | Pharmaceuticals & Biotechnology | 0.42% |
| Godrej Properties | Realty | 0.39% |
| Kotak Mahindra Bank | Banks | 0.39% |
| Ultratech Cement | Cement & Cement Products | 0.38% |
| Aditya Birla Fashion and Retail | Retailing | 0.37% |
| L&T Finance Holdings | Finance | 0.35% |
| Trent | Retailing | 0.34% |
| Punjab National Bank | Banks | 0.34% |
| The India Cements | Cement & Cement Products | 0.30% |
| Steel Authority of India | Ferrous Metals | 0.30% |
| Astral | Industrial Products | 0.30% |
| Glenmark Pharmaceuticals | Pharmaceuticals & Biotechnology | 0.30% |
| RBL Bank | Banks | 0.30% |
| Berger Paints India | Consumer Durables | 0.29% |
| Page Industries | Textiles & Apparels | 0.29% |
| Torrent Power | Power | 0.26% |
| Tata Communications | Telecom - Services | 0.24% |
| Hindustan Petroleum Corporation | Petroleum Products | 0.24% |
| Container Corporation of India | Transport Services | 0.23% |
| PI Industries | Fertilizers & Agrochemicals | 0.23% |
| Power Finance Corporation | Finance | 0.23% |
| Intellect Design Arena | IT - Software | 0.22% |
| Petronet LNG | Gas | 0.22% |
| Mphasis | IT - Software | 0.22% |
| Voltas | Consumer Durables | 0.21% |
| Aurobindo Pharma | Pharmaceuticals & Biotechnology | 0.20% |
| Hindustan Copper | Non - Ferrous Metals | 0.20% |
| Granules India | Pharmaceuticals & Biotechnology | 0.19% |
| Infosys | IT - Software | 0.18% |
| Maruti Suzuki India | Automobiles | 0.18% |
| Name | Industries | % of NAV |
| Lupin | Pharmaceuticals & Biotechnology | 0.18% |
| Mahanagar Gas | Gas | 0.18% |
| Apollo Tyres | Auto Components | 0.18% |
| Oracle Financial Services Software | IT - Software | 0.17% |
| SBI Life Insurance Company | Insurance | 0.17% |
| Abbott India | Pharmaceuticals & Biotechnology | 0.17% |
| Hindustan Unilever | Diversified FMCG | 0.17% |
| Manappuram Finance | Finance | 0.16% |
| Marico | Personal Products | 0.16% |
| Honeywell Automation India | Industrial Manufacturing | 0.15% |
| Torrent Pharmaceuticals | Pharmaceuticals & Biotechnology | 0.14% |
| Gujarat Narmada Valley Fertilizers & Chemicals | Chemicals & Petrochemicals | 0.13% |
| Jindal Steel and Power | Ferrous Metals | 0.12% |
| Colgate Palmolive India | Personal Products | 0.12% |
| Multi Commodity Exchange of India | Capital Markets | 0.12% |
| The Ramco Cements | Cement & Cement Products | 0.11% |
| Britannia Industries | Food Products | 0.11% |
| HCL Technologies | IT - Software | 0.10% |
| Whirlpool of India | Consumer Durables | 0.10% |
| Chambal Fertilizers & Chemicals | Fertilizers & Agrochemicals | 0.10% |
| Nestle India | Food Products | 0.10% |
| Larsen & Toubro | Construction | 0.09% |
| Indian Oil Corporation | Petroleum Products | 0.09% |
| Crompton Greaves Consumer Electricals | Consumer Durables | 0.08% |
| Tata Consumer Products | Agricultural Food & other Products | 0.08% |
| Mahindra & Mahindra | Automobiles | 0.07% |
| Grasim Industries | Cement & Cement Products | 0.07% |
| Laurus Labs | Pharmaceuticals & Biotechnology | 0.07% |
| Birlasoft | IT - Software | 0.07% |
| Tata Consultancy Services | IT - Software | 0.07% |
| NMDC | Minerals & Mining | 0.07% |
| Power Grid Corporation of India | Power | 0.06% |
| Indus Towers | Telecom - Services | 0.06% |
| M&M Financial Services | Finance | 0.06% |
| Coal India | Consumable Fuels | 0.06% |
| Bank of Baroda | Banks | 0.06% |
| Piramal Enterprises | Finance | 0.06% |
| NTPC | Power | 0.05% |
| Oil & Natural Gas Corporation | Oil | 0.05% |
| Info Edge India | Retailing | 0.05% |
| Gail (India) | Gas | 0.05% |
| Indraprastha Gas | Gas | 0.05% |
| Delta Corp | Leisure Services | 0.04% |
| Larsen & Toubro Infotech | IT - Software | 0.04% |
| Dalmia Bharat | Cement & Cement Products | 0.04% |
| Bosch | Auto Components | 0.04% |
| Cipla | Pharmaceuticals & Biotechnology | 0.04% |
| Balkrishna Industries | Auto Components | 0.03% |
| Cholamandalam Invt and Fin Co | Finance | 0.03% |
| Firstsource Solutions | IT - Services | 0.03% |
| Pidilite Industries | Chemicals & Petrochemicals | 0.03% |
| Balrampur Chini Mills | Agricultural Food & other Products | 0.02% |
| IPCA Laboratories | Pharmaceuticals & Biotechnology | 0.02% |
| Axis Bank | Banks | 0.02% |
| United Breweries | Beverages | 0.02% |
| Rain Industries | Chemicals & Petrochemicals | 0.01% |
| Indian Energy Exchange | Capital Markets | 0.01% |
| Reliance Industries | Petroleum Products | 0.01% |
| Bajaj Auto | Automobiles | 0.01% |
| Bharat Forge | Industrial Products | 0.01% |
| Dixon Technologies (India) | Consumer Durables | 0.01% |
| The Indian Hotels Company | Leisure Services | 0.01% |
| JK Cements | Cement & Cement Products | 0.01% |
| SBI Cards and Payment Services | Finance | 0.01% |
| JSW Steel | Ferrous Metals | 0.01% |
| The Federal Bank | Banks | 0.01% |
| Cummins India | Industrial Products | 0.01% |
| Tata Motors | Automobiles | 0.01% |
| Havells India | Consumer Durables | 0.01% |
| Metropolis Healthcare | Healthcare Services | 0.005% |
| Indiabulls Housing Finance | Finance | 0.003% |
| Wipro | IT - Software | 0.001% |
| Total Hedged Equity | 69.69% | |
| Treasury Bill | 12.15% | |
| Corporate Bond | 3.14% | |
| Certificate of Deposit | 2.63% | |
| Government Bond | 2.09% | |
| PTC^ | 0.78% | |
| Mutual Fund Units | ||
| IDFC Cash Fund | 6.31% | |
| Net Cash and Cash Equivalent | 3.22% | |
| Grand Total | 100.00% | |
| ^First Business Receivables Trust- wt. avg. mat: 1.13 years (PTC originated by Reliance Industries Limited) | ||
| Banks | 6.46% |
| Finance | 6.32% |
| Pharmaceuticals & Biotechnology | 5.01% |
| Realty | 4.68% |
| Cement & Cement Products | 4.47% |
| Consumer Durables | 3.55% |
| Insurance | 3.46% |
| Power | 2.74% |
| Transport Infrastructure | 2.72% |
| Metals & Minerals Trading | 2.52% |
| Entertainment | 2.40% |
| Fertilizers & Agrochemicals | 2.09% |
| Beverages | 1.83% |
| Aerospace & Defense | 1.80% |
| Auto Components | 1.78% |
| Chemicals & Petrochemicals | 1.72% |
| IT - Software | 1.62% |
| Ferrous Metals | 1.58% |
| Petroleum Products | 1.58% |
| Diversified Metals | 1.27% |
| Personal Products | 1.25% |
| Electrical Equipment | 1.10% |
| Healthcare Services | 0.99% |
| Transport Services | 0.87% |
| Agricultural, Commercial & Construction Vehicles | 0.77% |
| Retailing | 0.76% |
| Non - Ferrous Metals | 0.69% |
| Diversified FMCG | 0.62% |
| Gas | 0.49% |
| Leisure Services | 0.49% |
| Industrial Products | 0.32% |
| Telecom - Services | 0.30% |
| Textiles & Apparels | 0.29% |
| Automobiles | 0.27% |
| Food Products | 0.21% |
| Industrial Manufacturing | 0.15% |
| Capital Markets | 0.13% |
| Agricultural Food & other Products | 0.10% |
| Construction | 0.09% |
| Minerals & Mining | 0.07% |
| Consumable Fuels | 0.06% |
| Oil | 0.05% |
| IT - Services | 0.03% |
Performance based on NAV as on 30/11/2022. 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 5.86% (FBIL OVERNIGHT MIBOR as on 30th November 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).
