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 December 31, 2021
@Income Distribution and Capital Withdrawal
Category: Arbitrage
Monthly Avg AUM 
: ₹ 5,690.24 Crores
: ₹ 5,690.24 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 : ₹ 5,602.55 Crores
: ₹ 5,602.55 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. | 0.81% |
| 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. | 1.11 |
| Portfolio Turnover | |
| Equity | 3.17 |
| Aggregate^ | 14.17 |
| Total Expense Ratio | |
| Regular | 1.04% |
| 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 December 31, 2021
| Regular Plan | Growth | 26.1683 |
| Regular Plan | Monthly IDCW@ | 12.9108 |
| Regular Plan | Annual IDCW@ | 10.7961 |
| Name | Industries | % of NAV |
| Adani Ports and Special Economic Zone | Transportation | 4.05% |
| Adani Enterprises | Minerals/Mining | 3.04% |
| Tata Consultancy Services | Software | 2.60% |
| Zee Entertainment Enterprises | Entertainment | 2.55% |
| HCL Technologies | Software | 2.42% |
| Hindustan Unilever | Consumer Non Durables | 2.14% |
| Apollo Hospitals Enterprise | Healthcare Services | 1.95% |
| Axis Bank | Banks | 1.57% |
| ITC | Consumer Non Durables | 1.49% |
| Tata Steel | Ferrous Metals | 1.45% |
| UPL | Pesticides | 1.44% |
| Bharti Airtel | Telecom - Services | 1.37% |
| Reliance Industries | Petroleum Products | 1.05% |
| The Federal Bank | Banks | 1.04% |
| IndusInd Bank | Banks | 0.98% |
| Godrej Consumer Products | Consumer Non Durables | 0.92% |
| National Aluminium Company | Non - Ferrous Metals | 0.84% |
| United Spirits | Consumer Non Durables | 0.83% |
| Asian Paints | Consumer Non Durables | 0.82% |
| HDFC | Finance | 0.80% |
| HDFC Asset Management Company | Capital Markets | 0.80% |
| LIC Housing Finance | Finance | 0.73% |
| Aurobindo Pharma | Pharmaceuticals | 0.73% |
| Sun Pharmaceutical Industries | Pharmaceuticals | 0.73% |
| State Bank of India | Banks | 0.72% |
| Tata Communications | Telecom - Services | 0.71% |
| ICICI Bank | Banks | 0.70% |
| Info Edge (India) | Retailing | 0.68% |
| Jindal Steel & Power | Ferrous Metals | 0.68% |
| NMDC | Minerals/Mining | 0.66% |
| Tata Chemicals | Chemicals | 0.65% |
| Bharat Heavy Electricals | Industrial Capital Goods | 0.64% |
| Bajaj Finance | Finance | 0.61% |
| Vedanta | Non - Ferrous Metals | 0.61% |
| Grasim Industries | Cement & Cement Products | 0.60% |
| Jubilant Foodworks | Leisure Services | 0.60% |
| Escorts | Auto | 0.59% |
| Glenmark Pharmaceuticals | Pharmaceuticals | 0.56% |
| Siemens | Industrial Capital Goods | 0.55% |
| Cadila Healthcare | Pharmaceuticals | 0.55% |
| Eicher Motors | Auto | 0.53% |
| REC | Finance | 0.51% |
| Muthoot Finance | Finance | 0.50% |
| Piramal Enterprises | Finance | 0.50% |
| Ambuja Cements | Cement & Cement Products | 0.48% |
| Steel Authority of India | Ferrous Metals | 0.45% |
| Colgate Palmolive (India) | Consumer Non Durables | 0.44% |
| Bank of Baroda | Banks | 0.43% |
| Tata Consumer Products | Consumer Non Durables | 0.42% |
| Granules India | Pharmaceuticals | 0.42% |
| Whirlpool of India | Consumer Durables | 0.41% |
| Divi's Laboratories | Pharmaceuticals | 0.41% |
| Mahanagar Gas | Gas | 0.41% |
| ACC | Cement & Cement Products | 0.40% |
| Sun TV Network | Entertainment | 0.36% |
| Tata Power Company | Power | 0.36% |
| Bajaj Auto | Auto | 0.35% |
| Infosys | Software | 0.34% |
| Strides Pharma Science | Pharmaceuticals | 0.33% |
| Berger Paints (I) | Consumer Non Durables | 0.32% |
| Kotak Mahindra Bank | Banks | 0.32% |
| Titan Company | Consumer Durables | 0.31% |
| Lupin | Pharmaceuticals | 0.31% |
| Cholamandalam Invt and Fin Co | Finance | 0.29% |
| Mphasis | Software | 0.29% |
| Hero MotoCorp | Auto | 0.28% |
| Godrej Properties | Construction | 0.28% |
| Container Corporation of India | Transportation | 0.28% |
| Balkrishna Industries | Auto Ancillaries | 0.26% |
| Larsen & Toubro | Construction Project | 0.26% |
| Deepak Nitrite | Chemicals | 0.25% |
| Dr. Reddy's Laboratories | Pharmaceuticals | 0.24% |
| Tata Motors | Auto | 0.24% |
| Canara Bank | Banks | 0.23% |
| DLF | Construction | 0.23% |
| Birlasoft | Software | 0.22% |
| Aditya Birla Capital | Finance | 0.22% |
| Bajaj Finserv | Insurance | 0.21% |
| Hindustan Aeronautics | Aerospace & Defense | 0.21% |
| PVR | Entertainment | 0.21% |
| ICICI Lombard General Insurance Company | Insurance | 0.21% |
| Indian Oil Corporation | Petroleum Products | 0.20% |
| Coforge | Software | 0.19% |
| HDFC Life Insurance Company | Insurance | 0.18% |
| Indiabulls Housing Finance | Finance | 0.18% |
| Bharat Forge | Industrial Products | 0.18% |
| Persistent Systems | Software | 0.18% |
| Pidilite Industries | Chemicals | 0.18% |
| PI Industries | Pesticides | 0.18% |
| Nippon Life India Asset Management | Capital Markets | 0.18% |
| M&M Financial Services | Finance | 0.17% |
| Gujarat Gas | Gas | 0.17% |
| Page Industries | Textile Products | 0.17% |
| Coal India | Minerals/Mining | 0.16% |
| HDFC Bank | Banks | 0.15% |
| Firstsource Solutions | Software | 0.15% |
| Biocon | Pharmaceuticals | 0.15% |
| Marico | Consumer Non Durables | 0.15% |
| SRF | Chemicals | 0.15% |
| Hindalco Industries | Non - Ferrous Metals | 0.14% |
| Delta Corp | Leisure Services | 0.14% |
| Can Fin Homes | Finance | 0.13% |
| Oracle Financial Services Software | Software | 0.13% |
| Torrent Pharmaceuticals | Pharmaceuticals | 0.13% |
| JSW Steel | Ferrous Metals | 0.13% |
| Name | Industries | % of NAV |
| Rain Industries | Chemicals | 0.12% |
| Shree Cement | Cement & Cement Products | 0.12% |
| United Breweries | Consumer Non Durables | 0.12% |
| Ashok Leyland | Auto | 0.12% |
| Tech Mahindra | Software | 0.12% |
| Punjab National Bank | Banks | 0.12% |
| Indus Towers | Telecom - Services | 0.11% |
| Gujarat Narmada Valley Fertilizers and Chemicals | Chemicals | 0.11% |
| MindTree | Software | 0.11% |
| Dabur India | Consumer Non Durables | 0.11% |
| Bandhan Bank | Banks | 0.11% |
| Wipro | Software | 0.11% |
| Amara Raja Batteries | Auto Ancillaries | 0.10% |
| Indian Energy Exchange | Capital Markets | 0.10% |
| MRF | Auto Ancillaries | 0.10% |
| GAIL (India) | Gas | 0.09% |
| Shriram Transport Finance Company | Finance | 0.09% |
| AU Small Finance Bank | Banks | 0.09% |
| Nestle India | Consumer Non Durables | 0.09% |
| Cipla | Pharmaceuticals | 0.08% |
| Dixon Technologies (India) | Consumer Durables | 0.08% |
| The India Cements | Cement & Cement Products | 0.08% |
| IPCA Laboratories | Pharmaceuticals | 0.08% |
| Balrampur Chini Mills | Consumer Non Durables | 0.08% |
| Aditya Birla Fashion and Retail | Retailing | 0.08% |
| ICICI Prudential Life Insurance Company | Insurance | 0.08% |
| Astral | Industrial Products | 0.08% |
| Havells India | Consumer Durables | 0.07% |
| Oil & Natural Gas Corporation | Oil | 0.07% |
| Exide Industries | Auto Ancillaries | 0.07% |
| Trent | Retailing | 0.07% |
| NBCC (India) | Construction | 0.07% |
| City Union Bank | Banks | 0.07% |
| Manappuram Finance | Finance | 0.06% |
| Indian Railway Catering And Tourism Corporation | Transportation | 0.06% |
| Alkem Laboratories | Pharmaceuticals | 0.06% |
| Alembic Pharmaceuticals | Pharmaceuticals | 0.06% |
| Hindustan Copper | Non - Ferrous Metals | 0.05% |
| SBI Life Insurance Company | Insurance | 0.05% |
| Laurus Labs | Pharmaceuticals | 0.04% |
| L&T Technology Services | Software | 0.04% |
| Motherson Sumi Systems | Auto Ancillaries | 0.04% |
| Larsen & Toubro Infotech | Software | 0.04% |
| UltraTech Cement | Cement & Cement Products | 0.04% |
| Britannia Industries | Consumer Non Durables | 0.04% |
| Chambal Fertilizers & Chemicals | Fertilisers | 0.04% |
| Bata India | Consumer Durables | 0.03% |
| Abbott India | Pharmaceuticals | 0.03% |
| Power Grid Corporation of India | Power | 0.03% |
| Polycab India | Industrial Products | 0.03% |
| Honeywell Automation India | Industrial Capital Goods | 0.03% |
| The Indian Hotels Company | Leisure Services | 0.02% |
| Oberoi Realty | Construction | 0.02% |
| Hindustan Petroleum Corporation | Petroleum Products | 0.02% |
| SBI Cards and Payment Services | Finance | 0.02% |
| Crompton Greaves Consumer Electricals | Consumer Durables | 0.02% |
| Dalmia Bharat | Cement & Cement Products | 0.02% |
| InterGlobe Aviation | Transportation | 0.01% |
| Bharat Petroleum Corporation | Petroleum Products | 0.01% |
| Mahindra & Mahindra | Auto | 0.01% |
| The Ramco Cements | Cement & Cement Products | 0.01% |
| RBL Bank | Banks | 0.01% |
| Indraprastha Gas | Gas | 0.01% |
| Max Financial Services | Insurance | 0.01% |
| GMR Infrastructure | Construction Project | 0.01% |
| Gujarat State Petronet | Gas | 0.01% |
| Dr. Lal Path Labs | Healthcare Services | 0.01% |
| Pfizer | Pharmaceuticals | 0.01% |
| Power Finance Corporation | Finance | 0.01% |
| Multi Commodity Exchange of India | Capital Markets | 0.01% |
| Apollo Tyres | Auto Ancillaries | 0.005% |
| Syngene International | Healthcare Services | 0.005% |
| Petronet LNG | Gas | 0.005% |
| Bharat Electronics | Aerospace & Defense | 0.004% |
| Atul | Chemicals | 0.004% |
| Coromandel International | Fertilisers | 0.003% |
| Maruti Suzuki India | Auto | 0.001% |
| L&T Finance Holdings | Finance | 0.001% |
| Cummins India | Industrial Products | 0.001% |
| Total Hedged Equity | 68.31% | |
| Treasury Bill | 9.95% | |
| Corporate Bond | 1.97% | |
| Government Bond | 1.86% | |
| PTC^ | 0.65% | |
| Zero Coupon Bond | 0.03% | |
| Mutual Fund Units | ||
| IDFC Cash Fund | 12.15% | |
| Net Cash and Cash Equivalent | 5.09% | |
| Grand Total | 100.00% | |
| ^First Business Receivables Trust- wt. avg. mat: 0.84 years (PTC originated by Reliance Industries Limited) | ||
| Consumer Non Durables | 7.97% |
| Software | 6.95% |
| Banks | 6.55% |
| Pharmaceuticals | 4.93% |
| Finance | 4.85% |
| Transportation | 4.41% |
| Minerals/Mining | 3.86% |
| Entertainment | 3.12% |
| Ferrous Metals | 2.71% |
| Telecom - Services | 2.20% |
| Auto | 2.12% |
| Healthcare Services | 1.96% |
| Cement & Cement Products | 1.75% |
| Non - Ferrous Metals | 1.64% |
| Pesticides | 1.62% |
| Chemicals | 1.47% |
| Petroleum Products | 1.29% |
| Industrial Capital Goods | 1.21% |
| Capital Markets | 1.08% |
| Consumer Durables | 0.93% |
| Retailing | 0.84% |
| Leisure Services | 0.75% |
| Insurance | 0.74% |
| Gas | 0.70% |
| Construction | 0.60% |
| Auto Ancillaries | 0.58% |
| Power | 0.39% |
| Industrial Products | 0.29% |
| Construction Project | 0.26% |
| Aerospace & Defense | 0.22% |
| Textile Products | 0.17% |
| Oil | 0.07 |
| Fertilisers | 0.04% |
Performance based on NAV as on 31/12/2021. 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 3.60% (FBIL OVERNIGHT MIBOR as on 31st December 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).
(IDFC Arbitrage Fund was being managed by Mr. Yogik Pitti upto November 25, 2021.)
