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/Quarterly (w.e.f. 09-11-2022)
SIP Dates (Monthly/Quarterly)@@: Investor may choose any day of the month except 29th, 30th and 31st as the date of installment.
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, 2023
@Income Distribution and Capital Withdrawal
@@If SIP day falls on a non-business day, the SIP transaction shall be processed on the next business day.
Category: Arbitrage
Monthly Avg AUM 
: ₹ 3,741.12 Crores
: ₹ 3,741.12 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.
Monthly end AUM : ₹ 3,734.65 Crores
: ₹ 3,734.65 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. | 0.63 |
| R Square | 0.49 |
| 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. | 0.72% |
| 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. | -3.83 |
| Portfolio Turnover | |
| Equity | 3.81 |
| Aggregate^ | 14.49 |
| Total Expense Ratio | |
| Regular | 1.05% |
| Direct | 0.37% |
SIP (Minimum Amount): ₹ 100/-
SIP Frequency: Monthly/Quarterly (w.e.f. 09-11-2022)
SIP Dates (Monthly/Quarterly)@@: Investor may choose any day of the month except 29th, 30th and 31st as the date of installment.
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, 2023
| Regular Plan | Growth | 27.3451 |
| Regular Plan | Monthly IDCW@ | 12.9731 |
| Regular Plan | Annual IDCW@ | 10.9432 |
@@If SIP day falls on a non-business day, the SIP transaction shall be processed on the next business day.
| Name | Industries | % of NAV |
| Kotak Mahindra Bank | Banks | 3.95% |
| Reliance Industries | Petroleum Products | 3.86% |
| DLF | Realty | 3.18% |
| ICICI Bank | Banks | 3.08% |
| Adani Ports and Special Economic Zone | Transport Infrastructure | 2.87% |
| HDFC Bank | Banks | 2.54% |
| Bajaj Finserv | Finance | 2.40% |
| Bajaj Finance | Finance | 2.23% |
| Sun Pharmaceutical Industries | Pharmaceuticals & Biotechnology | 2.19% |
| Titan Company | Consumer Durables | 2.17% |
| State Bank of India | Banks | 2.01% |
| HDFC | Finance | 1.75% |
| Oberoi Realty | Realty | 1.32% |
| Ashok Leyland | Agricultural, Commercial & Construction Vehicles | 1.28% |
| Power Finance Corporation | Finance | 1.19% |
| IndusInd Bank | Banks | 1.17% |
| Axis Bank | Banks | 1.13% |
| Bajaj Auto | Automobiles | 1.06% |
| Ambuja Cements | Cement & Cement Products | 1.04% |
| Sun TV Network | Entertainment | 1.04% |
| ICICI Prudential Life Insurance Company | Insurance | 0.92% |
| United Spirits | Beverages | 0.91% |
| Tata Consultancy Services | IT - Software | 0.88% |
| ITC | Diversified FMCG | 0.86% |
| Tata Power Company | Power | 0.85% |
| Bharat Electronics | Aerospace & Defense | 0.82% |
| Zee Entertainment Enterprises | Entertainment | 0.82% |
| Aditya Birla Fashion and Retail | Retailing | 0.81% |
| Bandhan Bank | Banks | 0.80% |
| SRF | Chemicals & Petrochemicals | 0.76% |
| Eicher Motors | Automobiles | 0.75% |
| Torrent Pharmaceuticals | Pharmaceuticals & Biotechnology | 0.68% |
| LTIMindtree | IT - Software | 0.67% |
| Container Corporation of India | Transport Services | 0.66% |
| Wipro | IT - Software | 0.66% |
| Dr. Reddy's Laboratories | Pharmaceuticals & Biotechnology | 0.65% |
| Page Industries | Textiles & Apparels | 0.60% |
| Vedanta | Diversified Metals | 0.57% |
| L&T Finance Holdings | Finance | 0.56% |
| Hindustan Unilever | Diversified FMCG | 0.52% |
| Trent | Retailing | 0.51% |
| Hindustan Aeronautics | Aerospace & Defense | 0.50% |
| Bank of Baroda | Banks | 0.48% |
| REC | Finance | 0.45% |
| Power Grid Corporation of India | Power | 0.43% |
| National Aluminium Company | Non - Ferrous Metals | 0.43% |
| Asian Paints | Consumer Durables | 0.42% |
| NMDC | Minerals & Mining | 0.42% |
| Exide Industries | Auto Components | 0.41% |
| The Indian Hotels Company | Leisure Services | 0.40% |
| Larsen & Toubro | Construction | 0.39% |
| HCL Technologies | IT - Software | 0.38% |
| Gujarat Narmada Valley Fertilizers and Chemicals | Chemicals & Petrochemicals | 0.35% |
| Jindal Steel & Power | Ferrous Metals | 0.35% |
| Punjab National Bank | Banks | 0.34% |
| The India Cements | Cement & Cement Products | 0.34% |
| Bharat Heavy Electricals | Electrical Equipment | 0.32% |
| Manappuram Finance | Finance | 0.32% |
| PI Industries | Fertilizers & Agrochemicals | 0.32% |
| Bata India | Consumer Durables | 0.32% |
| Steel Authority of India | Ferrous Metals | 0.32% |
| Astral | Industrial Products | 0.32% |
| Tata Motors | Automobiles | 0.32% |
| ACC | Cement & Cement Products | 0.30% |
| Dabur India | Personal Products | 0.29% |
| Grasim Industries | Cement & Cement Products | 0.25% |
| Bharti Airtel | Telecom - Services | 0.24% |
| Pidilite Industries | Chemicals & Petrochemicals | 0.23% |
| Indian Oil Corporation | Petroleum Products | 0.23% |
| Jubilant Foodworks | Leisure Services | 0.22% |
| Cholamandalam Invt and Fin Co | Finance | 0.22% |
| HDFC Asset Management Company | Capital Markets | 0.21% |
| Siemens | Electrical Equipment | 0.21% |
| Oracle Financial Services Software | IT - Software | 0.21% |
| Tech Mahindra | IT - Software | 0.20% |
| NTPC | Power | 0.20% |
| Dalmia Bharat | Cement & Cement Products | 0.18% |
| Lupin | Pharmaceuticals & Biotechnology | 0.17% |
| Godrej Properties | Realty | 0.17% |
| Can Fin Homes | Finance | 0.15% |
| Britannia Industries | Food Products | 0.15% |
| Tata Communications | Telecom - Services | 0.15% |
| Infosys | IT - Software | 0.14% |
| Nestle India | Food Products | 0.14% |
| Aditya Birla Capital | Insurance | 0.14% |
| Tata Chemicals | Chemicals & Petrochemicals | 0.14% |
| ABB India | Electrical Equipment | 0.14% |
| Name | Industries | % of NAV |
| Colgate Palmolive (India) | Personal Products | 0.13% |
| Abbott India | Pharmaceuticals & Biotechnology | 0.12% |
| Bharat Petroleum Corporation | Petroleum Products | 0.12% |
| Canara Bank | Banks | 0.12% |
| UPL | Fertilizers & Agrochemicals | 0.12% |
| Maruti Suzuki India | Automobiles | 0.11% |
| Cipla | Pharmaceuticals & Biotechnology | 0.10% |
| Godrej Consumer Products | Personal Products | 0.09% |
| Coromandel International | Fertilizers & Agrochemicals | 0.09% |
| Firstsource Solutions | Commercial Services & Supplies | 0.09% |
| Apollo Tyres | Auto Components | 0.09% |
| Granules India | Pharmaceuticals & Biotechnology | 0.09% |
| Hindustan Copper | Non - Ferrous Metals | 0.08% |
| M&M Financial Services | Finance | 0.08% |
| Glenmark Pharmaceuticals | Pharmaceuticals & Biotechnology | 0.08% |
| Piramal Enterprises | Finance | 0.07% |
| Birlasoft | IT - Software | 0.07% |
| HDFC Life Insurance Company | Insurance | 0.07% |
| Tata Consumer Products | Agricultural Food & other Products | 0.06% |
| Samvardhana Motherson International | Auto Components | 0.06% |
| SBI Life Insurance Company | Insurance | 0.05% |
| Mahindra & Mahindra | Automobiles | 0.05% |
| Laurus Labs | Pharmaceuticals & Biotechnology | 0.04% |
| Hindustan Petroleum Corporation | Petroleum Products | 0.04% |
| Indraprastha Gas | Gas | 0.04% |
| Oil & Natural Gas Corporation | Oil | 0.04% |
| Marico | Personal Products | 0.04% |
| Chambal Fertilizers & Chemicals | Fertilizers & Agrochemicals | 0.04% |
| Bharat Forge | Industrial Products | 0.04% |
| Dixon Technologies (India) | Consumer Durables | 0.03% |
| Zydus Lifesciences | Pharmaceuticals & Biotechnology | 0.03% |
| Biocon | Pharmaceuticals & Biotechnology | 0.03% |
| Indian Energy Exchange | Capital Markets | 0.03% |
| Indiabulls Housing Finance | Finance | 0.03% |
| Intellect Design Arena | IT - Software | 0.03% |
| ICICI Lombard General Insurance Company | Insurance | 0.03% |
| Rain Industries | Chemicals & Petrochemicals | 0.03% |
| Voltas | Consumer Durables | 0.02% |
| UltraTech Cement | Cement & Cement Products | 0.02% |
| Mahanagar Gas | Gas | 0.02% |
| Syngene International | Healthcare Services | 0.02% |
| Balrampur Chini Mills | Agricultural Food & other Products | 0.02% |
| RBL Bank | Banks | 0.02% |
| JK Cement | Cement & Cement Products | 0.02% |
| SBI Cards and Payment Services | Finance | 0.01% |
| TVS Motor Company | Automobiles | 0.01% |
| Delta Corp | Leisure Services | 0.01% |
| Petronet LNG | Gas | 0.01% |
| Multi Commodity Exchange of India | Capital Markets | 0.01% |
| Navin Fluorine International | Chemicals & Petrochemicals | 0.01% |
| Aarti Industries | Chemicals & Petrochemicals | 0.01% |
| Honeywell Automation India | Industrial Manufacturing | 0.01% |
| LIC Housing Finance | Finance | 0.01% |
| Tata Steel | Ferrous Metals | 0.01% |
| Crompton Greaves Consumer Electricals | Consumer Durables | 0.01% |
| MphasiS | IT - Software | 0.01% |
| Max Financial Services | Insurance | 0.01% |
| Metropolis Healthcare | Healthcare Services | 0.01% |
| Havells India | Consumer Durables | 0.01% |
| Aurobindo Pharma | Pharmaceuticals & Biotechnology | 0.01% |
| Indian Railway Catering And Tourism Corporation | Leisure Services | 0.005% |
| Escorts Kubota | Agricultural, Commercial & Construction Vehicles | 0.003% |
| GAIL (India) | Gas | 0.002% |
| Hero MotoCorp | Automobiles | 0.002% |
| InterGlobe Aviation | Transport Services | 0.002% |
| Total Hedged Equity | 72.46% | |
| Treasury Bill | 10.59% | |
| Certificate of Deposit | 3.73% | |
| Corporate Bond | 2.99% | |
| Government Bond | 2.02% | |
| PTC^ | 0.69% | |
| Mutual Fund Units | ||
| IDFC Cash Fund | 6.86% | |
| Net Cash and Cash Equivalent | 0.67% | |
| Grand Total | 100.00% | |
| ^First Business Receivables Trust- wt. avg. mat: 1.09 years (PTC originated by Reliance Industries Limited) | ||
| Banks | 15.62% |
| Finance | 9.47% |
| Realty | 4.66% |
| Petroleum Products | 4.25% |
| Pharmaceuticals & Biotechnology | 4.19% |
| IT - Software | 3.24% |
| Consumer Durables | 2.98% |
| Transport Infrastructure | 2.87% |
| Automobiles | 2.30% |
| Cement & Cement Products | 2.15% |
| Entertainment | 1.86% |
| Chemicals & Petrochemicals | 1.53% |
| Power | 1.48% |
| Diversified FMCG | 1.38% |
| Retailing | 1.32% |
| Aerospace & Defense | 1.32% |
| Agricultural, Commercial & Construction Vehicles | 1.28% |
| Insurance | 1.21% |
| Beverages | 0.91% |
| Ferrous Metals | 0.68% |
| Transport Services | 0.67% |
| Electrical Equipment | 0.67% |
| Leisure Services | 0.64% |
| Textiles & Apparels | 0.60% |
| Diversified Metals | 0.57% |
| Auto Components | 0.57% |
| Fertilizers & Agrochemicals | 0.57% |
| Personal Products | 0.55% |
| Non - Ferrous Metals | 0.51% |
| Minerals & Mining | 0.42% |
| Construction | 0.39% |
| Telecom - Services | 0.38% |
| Industrial Products | 0.35% |
| Food Products | 0.29% |
| Capital Markets | 0.25% |
| Commercial Services & Supplies | 0.09% |
| Agricultural Food & other Products | 0.08% |
| Gas | 0.08% |
| Oil | 0.04% |
| Healthcare Services | 0.03% |
| Industrial Manufacturing | 0.01% |
Performance based on NAV as on 31/01/2023. 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 6.50% (FBIL OVERNIGHT MIBOR as on 31st January 2023). 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).
