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 January 31, 2022
@Income Distribution and Capital Withdrawal
Category: Arbitrage
Monthly Avg AUM 
: ₹ 5,513.54 Crores
: ₹ 5,513.54 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 : ₹ 5,510.12 Crores
: ₹ 5,510.12 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. | 0.66 |
| R Square | 0.59 |
| 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. | 0.80% |
| 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. | 1.29 |
| Portfolio Turnover | |
| Equity | 3.30 |
| Aggregate^ | 14.36 |
| Total Expense Ratio | |
| Regular | 1.09% |
| 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 January 31, 2022
| Regular Plan | Growth | 26.2620 |
| Regular Plan | Monthly IDCW@ | 12.9247 |
| Regular Plan | Annual IDCW@ | 10.8347 |
| Name | Industries | % of NAV |
| Adani Ports and Special Economic Zone | Transportation | 3.92% |
| Adani Enterprises | Minerals/Mining | 2.97% |
| HCL Technologies | Software | 2.95% |
| ITC | Consumer Non Durables | 2.75% |
| Bajaj Finance | Finance | 2.54% |
| IndusInd Bank | Banks | 2.31% |
| HDFC | Finance | 2.12% |
| Zee Entertainment Enterprises | Entertainment | 1.67% |
| UPL | Pesticides | 1.66% |
| Reliance Industries | Petroleum Products | 1.46% |
| Tata Communications | Telecom - Services | 1.34% |
| Tata Steel | Ferrous Metals | 1.27% |
| Hindustan Unilever | Consumer Non Durables | 1.25% |
| Tata Power Company | Power | 1.24% |
| HDFC Bank | Banks | 1.23% |
| National Aluminium Company | Non - Ferrous Metals | 1.01% |
| Tata Consultancy Services | Software | 1.00% |
| Tech Mahindra | Software | 0.99% |
| Apollo Hospitals Enterprise | Healthcare Services | 0.98% |
| Divi's Laboratories | Pharmaceuticals | 0.93% |
| Sun Pharmaceutical Industries | Pharmaceuticals | 0.91% |
| The Federal Bank | Banks | 0.90% |
| Jubilant Foodworks | Leisure Services | 0.83% |
| Cadila Healthcare | Pharmaceuticals | 0.81% |
| LIC Housing Finance | Finance | 0.79% |
| United Spirits | Consumer Non Durables | 0.74% |
| Bharti Airtel | Telecom - Services | 0.71% |
| Godrej Properties | Construction | 0.66% |
| Info Edge (India) | Retailing | 0.64% |
| Bharat Heavy Electricals | Industrial Capital Goods | 0.64% |
| NMDC | Minerals/Mining | 0.62% |
| Muthoot Finance | Finance | 0.61% |
| Aurobindo Pharma | Pharmaceuticals | 0.57% |
| Indian Railway Catering And Tourism Corporation | Transportation | 0.56% |
| Indraprastha Gas | Gas | 0.48% |
| Bank of Baroda | Banks | 0.47% |
| Indian Energy Exchange | Capital Markets | 0.47% |
| Godrej Consumer Products | Consumer Non Durables | 0.46% |
| Tata Chemicals | Chemicals | 0.46% |
| Mahanagar Gas | Gas | 0.45% |
| Siemens | Industrial Capital Goods | 0.44% |
| Piramal Enterprises | Finance | 0.44% |
| Steel Authority of India | Ferrous Metals | 0.43% |
| Tata Consumer Products | Consumer Non Durables | 0.41% |
| Balrampur Chini Mills | Consumer Non Durables | 0.41% |
| State Bank of India | Banks | 0.40% |
| Larsen & Toubro Infotech | Software | 0.39% |
| Asian Paints | Consumer Non Durables | 0.38% |
| Gujarat Narmada Valley Fertilizers and Chemicals | Chemicals | 0.38% |
| Bajaj Finserv | Insurance | 0.37% |
| Escorts | Auto | 0.37% |
| Sun TV Network | Entertainment | 0.36% |
| Aditya Birla Fashion and Retail | Retailing | 0.35% |
| InterGlobe Aviation | Transportation | 0.35% |
| Granules India | Pharmaceuticals | 0.35% |
| HDFC Asset Management Company | Capital Markets | 0.35% |
| Aditya Birla Capital | Finance | 0.32% |
| Bandhan Bank | Banks | 0.31% |
| Delta Corp | Leisure Services | 0.29% |
| Axis Bank | Banks | 0.29% |
| The India Cements | Cement & Cement Products | 0.29% |
| ICICI Bank | Banks | 0.28% |
| Hindustan Copper | Non - Ferrous Metals | 0.27% |
| ACC | Cement & Cement Products | 0.25% |
| Rain Industries | Chemicals | 0.24% |
| HDFC Life Insurance Company | Insurance | 0.24% |
| SRF | Chemicals | 0.24% |
| Birlasoft | Software | 0.24% |
| Strides Pharma Science | Pharmaceuticals | 0.23% |
| NBCC (India) | Construction | 0.22% |
| Whirlpool of India | Consumer Durables | 0.22% |
| Cholamandalam Invt and Fin Co | Finance | 0.22% |
| Jindal Steel & Power | Ferrous Metals | 0.21% |
| Titan Company | Consumer Durables | 0.21% |
| Container Corporation of India | Transportation | 0.20% |
| Glenmark Pharmaceuticals | Pharmaceuticals | 0.20% |
| Punjab National Bank | Banks | 0.19% |
| Colgate Palmolive (India) | Consumer Non Durables | 0.18% |
| M&M Financial Services | Finance | 0.18% |
| Firstsource Solutions | Software | 0.18% |
| Dr. Reddy's Laboratories | Pharmaceuticals | 0.18% |
| Marico | Consumer Non Durables | 0.18% |
| PI Industries | Pesticides | 0.18% |
| Indiabulls Housing Finance | Finance | 0.18% |
| Hero MotoCorp | Auto | 0.17% |
| Shriram Transport Finance Company | Finance | 0.17% |
| Canara Bank | Banks | 0.16% |
| MphasiS | Software | 0.16% |
| Persistent Systems | Software | 0.16% |
| Name | Industries | % of NAV |
| Astral | Industrial Products | 0.15% |
| Abbott India | Pharmaceuticals | 0.15% |
| Ambuja Cements | Cement & Cement Products | 0.15% |
| L&T Technology Services | Software | 0.14% |
| ICICI Prudential Life Insurance Company | Insurance | 0.14% |
| Alkem Laboratories | Pharmaceuticals | 0.12% |
| Bharat Electronics | Aerospace & Defense | 0.12% |
| Nestle India | Consumer Non Durables | 0.12% |
| Trent | Retailing | 0.12% |
| Biocon | Pharmaceuticals | 0.11% |
| L&T Finance Holdings | Finance | 0.11% |
| Motherson Sumi Systems | Auto Ancillaries | 0.10% |
| Havells India | Consumer Durables | 0.10% |
| Berger Paints (I) | Consumer Non Durables | 0.10% |
| Indian Oil Corporation | Petroleum Products | 0.10% |
| Manappuram Finance | Finance | 0.09% |
| Power Finance Corporation | Finance | 0.09% |
| Kotak Mahindra Bank | Banks | 0.09% |
| Can Fin Homes | Finance | 0.09% |
| The Indian Hotels Company | Leisure Services | 0.09% |
| Nippon Life India Asset Management | Capital Markets | 0.08% |
| UltraTech Cement | Cement & Cement Products | 0.08% |
| MindTree | Software | 0.08% |
| Vedanta | Non - Ferrous Metals | 0.08% |
| SBI Life Insurance Company | Insurance | 0.08% |
| City Union Bank | Banks | 0.08% |
| Laurus Labs | Pharmaceuticals | 0.07% |
| Oberoi Realty | Construction | 0.06% |
| Eicher Motors | Auto | 0.06% |
| MRF | Auto Ancillaries | 0.06% |
| REC | Finance | 0.06% |
| Hindustan Petroleum Corporation | Petroleum Products | 0.06% |
| Chambal Fertilizers & Chemicals | Fertilisers | 0.06% |
| ICICI Lombard General Insurance Company | Insurance | 0.05% |
| Apollo Tyres | Auto Ancillaries | 0.05% |
| DLF | Construction | 0.05% |
| Multi Commodity Exchange of India | Capital Markets | 0.05% |
| Honeywell Automation India | Industrial Capital Goods | 0.05% |
| PVR | Entertainment | 0.04% |
| RBL Bank | Banks | 0.04% |
| Grasim Industries | Cement & Cement Products | 0.04% |
| JSW Steel | Ferrous Metals | 0.04% |
| Exide Industries | Auto Ancillaries | 0.04% |
| Bharat Petroleum Corporation | Petroleum Products | 0.04% |
| Crompton Greaves Consumer Electricals | Consumer Durables | 0.04% |
| Larsen & Toubro | Construction Project | 0.03% |
| Hindalco Industries | Non - Ferrous Metals | 0.03% |
| Dabur India | Consumer Non Durables | 0.03% |
| Intellect Design Arena | Software | 0.03% |
| Oracle Financial Services Software | Software | 0.02% |
| Deepak Nitrite | Chemicals | 0.02% |
| Balkrishna Industries | Auto Ancillaries | 0.02% |
| AU Small Finance Bank | Banks | 0.02% |
| Dixon Technologies (India) | Consumer Durables | 0.02% |
| Pfizer | Pharmaceuticals | 0.02% |
| Polycab India | Industrial Products | 0.02% |
| Maruti Suzuki India | Auto | 0.02% |
| Gujarat State Petronet | Gas | 0.02% |
| Alembic Pharmaceuticals | Pharmaceuticals | 0.01% |
| Mahindra & Mahindra | Auto | 0.01% |
| Dalmia Bharat | Cement & Cement Products | 0.01% |
| Hindustan Aeronautics | Aerospace & Defense | 0.01% |
| SBI Cards and Payment Services | Finance | 0.01% |
| Bata India | Consumer Durables | 0.01% |
| Page Industries | Textile Products | 0.01% |
| Bajaj Auto | Auto | 0.01% |
| Petronet LNG | Gas | 0.01% |
| Bharat Forge | Industrial Products | 0.01% |
| Wipro | Software | 0.01% |
| Cipla | Pharmaceuticals | 0.01% |
| Ashok Leyland | Auto | 0.01% |
| Syngene International | Healthcare Services | 0.01% |
| IPCA Laboratories | Pharmaceuticals | 0.01% |
| Gujarat Gas | Gas | 0.005% |
| Britannia Industries | Consumer Non Durables | 0.004% |
| Max Financial Services | Insurance | 0.003% |
| ABB India | Industrial Capital Goods | 0.003% |
| Lupin | Pharmaceuticals | 0.001% |
| Total Hedged Equity | 65.91% | |
| Treasury Bill | 10.72% | |
| Corporate Bond | 1.80% | |
| Government Bond | 1.89% | |
| PTC^ | 0.66% | |
| Zero Coupon Bond | 0.03% | |
| Mutual Fund Units | ||
| IDFC Cash Fund | 12.94% | |
| Net Cash and Cash Equivalent | 6.06% | |
| Grand Total | 100.00% | |
| ^First Business Receivables Trust- wt. avg. mat: 1.59 years (PTC originated by Reliance Industries Limited) | ||
| Finance | 8.01% |
| Consumer Non Durables | 7.02% |
| Banks | 6.78% |
| Software | 6.33% |
| Transportation | 5.03% |
| Pharmaceuticals | 4.66% |
| Minerals/Mining | 3.59% |
| Entertainment | 2.07% |
| Telecom - Services | 2.05% |
| Ferrous Metals | 1.95% |
| Pesticides | 1.84% |
| Petroleum Products | 1.66% |
| Non - Ferrous Metals | 1.39% |
| Chemicals | 1.34% |
| Power | 1.24% |
| Leisure Services | 1.21% |
| Industrial Capital Goods | 1.13% |
| Retailing | 1.11% |
| Construction | 1.00% |
| Healthcare Services | 0.98% |
| Gas | 0.96% |
| Capital Markets | 0.95% |
| Insurance | 0.88% |
| Cement & Cement Products | 0.82% |
| Auto | 0.64% |
| Consumer Durables | 0.60% |
| Auto Ancillaries | 0.27% |
| Industrial Products | 0.17% |
| Aerospace & Defense | 0.13% |
| Fertilisers | 0.06% |
| Construction Project | 0.03% |
| Textile Products | 0.01% |
Performance based on NAV as on 31/01/2022. 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 3.40% (FBIL OVERNIGHT MIBOR as on 31st January 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).
(IDFC Arbitrage Fund was being managed by Mr. Yogik Pitti upto November 25, 2021.)
