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 February 28, 2022
@Income Distribution and Capital Withdrawal
Category: Arbitrage
Monthly Avg AUM 
: ₹ 5,474.54 Crores
: ₹ 5,474.54 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 : ₹ 5,412.73 Crores
: ₹ 5,412.73 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 | 0.58 |
| 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. | 1.24 |
| Portfolio Turnover | |
| Equity | 3.34 |
| Aggregate^ | 14.30 |
| 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 February 28, 2022
| Regular Plan | Growth | 26.3680 |
| Regular Plan | Monthly IDCW@ | 12.9445 |
| Regular Plan | Annual IDCW@ | 10.8785 |
| Name | Industries | % of NAV |
| Adani Ports and Special Economic Zone | Transportation | 3.67% |
| HDFC | Finance | 3.24% |
| Adani Enterprises | Minerals/Mining | 2.75% |
| Reliance Industries | Petroleum Products | 1.98% |
| Tech Mahindra | Software | 1.80% |
| Bajaj Finance | Finance | 1.78% |
| HCL Technologies | Software | 1.78% |
| Ambuja Cements | Cement & Cement Products | 1.71% |
| UPL | Pesticides | 1.48% |
| Hindustan Unilever | Consumer Non Durables | 1.43% |
| Zee Entertainment Enterprises | Entertainment | 1.29% |
| Tata Steel | Ferrous Metals | 1.23% |
| Godrej Properties | Construction | 1.21% |
| National Aluminium Company | Non - Ferrous Metals | 1.21% |
| Indian Energy Exchange | Capital Markets | 1.15% |
| Tata Communications | Telecom - Services | 1.02% |
| Tata Consultancy Services | Software | 0.96% |
| United Spirits | Consumer Non Durables | 0.81% |
| Sun Pharmaceutical Industries | Pharmaceuticals | 0.77% |
| Jubilant Foodworks | Leisure Services | 0.76% |
| LIC Housing Finance | Finance | 0.70% |
| Piramal Enterprises | Finance | 0.70% |
| IndusInd Bank | Banks | 0.69% |
| ITC | Consumer Non Durables | 0.68% |
| Cadila Healthcare | Pharmaceuticals | 0.64% |
| Apollo Hospitals Enterprise | Healthcare Services | 0.60% |
| ICICI Bank | Banks | 0.59% |
| Godrej Consumer Products | Consumer Non Durables | 0.59% |
| Delta Corp | Leisure Services | 0.54% |
| Divi's Laboratories | Pharmaceuticals | 0.47% |
| Balrampur Chini Mills | Consumer Non Durables | 0.46% |
| Siemens | Industrial Capital Goods | 0.45% |
| Aditya Birla Fashion and Retail | Retailing | 0.43% |
| Bharat Heavy Electricals | Industrial Capital Goods | 0.40% |
| Mahanagar Gas | Gas | 0.39% |
| Oberoi Realty | Construction | 0.39% |
| InterGlobe Aviation | Transportation | 0.39% |
| Hindustan Copper | Non - Ferrous Metals | 0.38% |
| Indraprastha Gas | Gas | 0.38% |
| MindTree | Software | 0.35% |
| Axis Bank | Banks | 0.35% |
| SBI Cards and Payment Services | Finance | 0.35% |
| Sun TV Network | Entertainment | 0.35% |
| Tata Consumer Products | Consumer Non Durables | 0.34% |
| Firstsource Solutions | Software | 0.34% |
| Granules India | Pharmaceuticals | 0.34% |
| Kotak Mahindra Bank | Banks | 0.31% |
| Bajaj Finserv | Insurance | 0.30% |
| MphasiS | Software | 0.30% |
| HDFC Life Insurance Company | Insurance | 0.30% |
| Astral | Industrial Products | 0.29% |
| Multi Commodity Exchange of India | Capital Markets | 0.28% |
| Aurobindo Pharma | Pharmaceuticals | 0.26% |
| DLF | Construction | 0.25% |
| Info Edge (India) | Retailing | 0.25% |
| Aditya Birla Capital | Finance | 0.25% |
| Gujarat Narmada Valley Fertilizers and Chemicals | Chemicals | 0.24% |
| Tata Chemicals | Chemicals | 0.24% |
| Indian Railway Catering And Tourism Corporation | Transportation | 0.23% |
| Container Corporation of India | Transportation | 0.23% |
| Bandhan Bank | Banks | 0.22% |
| Dr. Reddy's Laboratories | Pharmaceuticals | 0.20% |
| ICICI Prudential Life Insurance Compan | y Insurance | 0.20% |
| Eicher Motors | Auto | 0.20% |
| Larsen & Toubro Infotech | Software | 0.19% |
| Rain Industries | Chemicals | 0.19% |
| Power Grid Corporation of India | Power | 0.19% |
| Exide Industries | Auto Ancillaries | 0.19% |
| NMDC | Minerals/Mining | 0.18% |
| Shriram Transport Finance Company | Finance | 0.17% |
| Bank of Baroda | Banks | 0.17% |
| Glenmark Pharmaceuticals | Pharmaceuticals | 0.17% |
| Power Finance Corporation | Finance | 0.17% |
| L&T Finance Holdings | Finance | 0.16% |
| Cummins India | Industrial Products | 0.16% |
| The Indian Hotels Company | Leisure Services | 0.15% |
| Laurus Labs | Pharmaceuticals | 0.15% |
| Persistent Systems | Software | 0.15% |
| Nestle India | Consumer Non Durables | 0.15% |
| NBCC (India) | Construction | 0.14% |
| Birlasoft | Software | 0.14% |
| Asian Paints | Consumer Non Durables | 0.13% |
| Indian Oil Corporation | Petroleum Products | 0.13% |
| Manappuram Finance | Finance | 0.12% |
| Deepak Nitrite | Chemicals | 0.12% |
| Apollo Tyres | Auto Ancillaries | 0.12% |
| Name | Industries | % of NAV |
| Strides Pharma Science | Pharmaceuticals | 0.12% |
| Crompton Greaves Consumer Electricals | Consumer Durables | 0.11% |
| UltraTech Cement | Cement & Cement Products | 0.11% |
| PI Industries | Pesticides | 0.11% |
| Jindal Steel & Power | Ferrous Metals | 0.10% |
| Trent | Retailing | 0.10% |
| Marico | Consumer Non Durables | 0.10% |
| Alkem Laboratories | Pharmaceuticals | 0.10% |
| Hindalco Industries | Non - Ferrous Metals | 0.09% |
| M&M Financial Services | Finance | 0.09% |
| ICICI Lombard General Insurance Company | Insurance | 0.09% |
| Colgate Palmolive (India) | Consumer Non Durables | 0.09% |
| Bharti Airtel | Telecom - Services | 0.09% |
| Hindustan Aeronautics | Aerospace & Defense | 0.08% |
| Lupin | Pharmaceuticals | 0.08% |
| Ashok Leyland | Auto | 0.08% |
| Pidilite Industries | Chemicals | 0.08% |
| Abbott India | Pharmaceuticals | 0.07% |
| Canara Bank | Banks | 0.07% |
| Can Fin Homes | Finance | 0.06% |
| Infosys | Software | 0.06% |
| Havells India | Consumer Durables | 0.06% |
| Cholamandalam Invt and Fin Co | Finance | 0.06% |
| L&T Technology Services | Software | 0.06% |
| The Federal Bank | Banks | 0.05% |
| ACC | Cement & Cement Products | 0.05% |
| Motherson Sumi Systems | Auto Ancillaries | 0.05% |
| Dabur India | Consumer Non Durables | 0.05% |
| Mahindra & Mahindra | Auto | 0.04% |
| Alembic Pharmaceuticals | Pharmaceuticals | 0.04% |
| Intellect Design Arena | Software | 0.04% |
| RBL Bank | Banks | 0.04% |
| Oracle Financial Services Software | Software | 0.04% |
| Larsen & Toubro | Construction Project | 0.03% |
| Biocon | Pharmaceuticals | 0.03% |
| Grasim Industries | Cement & Cement Products | 0.03% |
| Shree Cement | Cement & Cement Products | 0.03% |
| Berger Paints (I) | Consumer Non Durables | 0.03% |
| SBI Life Insurance Company | Insurance | 0.03% |
| PVR | Entertainment | 0.03% |
| Hero MotoCorp | Auto | 0.03% |
| Tata Power Company | Power | 0.03% |
| ABB India | Industrial Capital Goods | 0.02% |
| Titan Company | Consumer Durables | 0.02% |
| Bajaj Auto | Auto | 0.02% |
| SRF | Chemicals | 0.02% |
| Oil & Natural Gas Corporation | Oil | 0.02% |
| Balkrishna Industries | Auto Ancillaries | 0.02% |
| City Union Bank | Banks | 0.02% |
| JSW Steel | Ferrous Metals | 0.02% |
| State Bank of India | Banks | 0.02% |
| Coromandel International | Fertilisers | 0.02% |
| The India Cements | Cement & Cement Products | 0.02% |
| Pfizer | Pharmaceuticals | 0.01% |
| Britannia Industries | Consumer Non Durables | 0.01% |
| Page Industries | Textile Products | 0.01% |
| Bata India | Consumer Durables | 0.01% |
| Maruti Suzuki India | Auto | 0.01% |
| The Ramco Cements | Cement & Cement Products | 0.01% |
| Petronet LNG | Gas | 0.01% |
| Bharat Forge | Industrial Products | 0.01% |
| HDFC Asset Management Company | Capital Markets | 0.005% |
| Dalmia Bharat | Cement & Cement Products | 0.003% |
| REC | Finance | 0.001% |
| Torrent Power | Power | 0.001% |
| Amara Raja Batteries | Auto Ancillaries | 0.001% |
| Wipro | Software | 0.001% |
| Total Hedged Equity | 55.33% | |
| Treasury Bill | 9.55% | |
| Corporate Bond | 2.29% | |
| Certificate of Deposit | 1.83% | |
| Government Bond | 1.92% | |
| PTC^ | 0.67% | |
| Zero Coupon Bond | 0.03% | |
| Mutual Fund Units | ||
| IDFC Cash Fund | 13.21% | |
| Net Cash and Cash Equivalent | 15.17% | |
| Grand Total | 100.00% | |
| ^First Business Receivables Trust- wt. avg. mat: 1.51 years (PTC originated by Reliance Industries Limited) | ||
| Finance | 7.86% |
| Software | 6.21% |
| Consumer Non Durables | 4.86% |
| Transportation | 4.52% |
| Pharmaceuticals | 3.44% |
| Minerals/Mining | 2.93% |
| Banks | 2.54% |
| Petroleum Products | 2.11% |
| Construction | 2.00% |
| Cement & Cement Products | 1.96% |
| Non - Ferrous Metals | 1.68% |
| Entertainment | 1.66% |
| Pesticides | 1.58% |
| Leisure Services | 1.45% |
| Capital Markets | 1.43% |
| Ferrous Metals | 1.35% |
| Telecom - Services | 1.11% |
| Insurance | 0.92% |
| Chemicals | 0.89% |
| Industrial Capital Goods | 0.88% |
| Retailing | 0.78% |
| Gas | 0.78% |
| Healthcare Services | 0.60% |
| Industrial Products | 0.45% |
| Auto | 0.38% |
| Auto Ancillaries | 0.38% |
| Power | 0.21% |
| Consumer Durables | 0.21% |
| Aerospace & Defense | 0.08% |
| Construction Project | 0.03% |
| Oil | 0.02% |
| Fertilisers | 0.02% |
| Textile Products | 0.01% |
Performance based on NAV as on 28/02/2022. 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 3.43% (FBIL OVERNIGHT MIBOR as on 28th February 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).
