+91-22-48913909
Table of Contents
What are Arbitrage Funds?
Arbitrage is a strategy that takes advantage of the price differences of different markets to earn profits. Arbitrage Funds are named after the arbitrage strategy that they use. They are a type of Mutual Fund that leverages on the price differential to generate returns. The returns of these funds are dependent on the Volatility of the invested asset on the Market. They make use of the market inefficiencies to generate returns for their investors.
Exploiting uneven prices is the central idea of arbitrage funds. Arbitrage funds use low-risk buy and sell opportunities to optimise returns. For example, shares of XYZ Co. LTD are trading at INR 500 each on the cash market and at INR 1,000 on the futures market. By buying the shares from the cash market and selling the shares on the futures market generates a profit of INR 500 per share.
Talk to our investment specialist
Why Should you Invest in Arbitrage Funds?
Here are some of the benefits of investing in arbitrage funds:
Negligible Risk
Arbitrage funds are not 100% risk-free but they do carry negligible risk. They Bank on the mispricing happening in the markets. This gives the investor a safer option compared to other short-term funds since these funds offer better returns during market volatility.
Returns
These funds generally give a return of about 7-9% of the amount invested. This is higher compared to Liquid Funds or short-term Debt fund. Thus, making arbitrage funds a lucrative investment option.
Favourable Taxation
One of the biggest benefits of Investing in these funds is the tax treatment. Equity Funds attract long term Capital gains. If the gains are made up to INR 1 lakh then it counts under tax-free. Tax at 10% applies to gains above INR 1 lakh.
Guidelines on How to Invest in Arbitrage Funds
Research about the Fund and its Strategies
Before investing in the fund, read up on its previous returns, the minimum required investment and its strategies. Most arbitrage funds in India follow the pure arbitrage strategy. But these funds are known to follow strategies like the merger/risk arbitrage (speculating on successful completion of mergers and acquisitions), etc. that are a bit complex for the layman to understand. Hence, it is important to get an idea to the fund’s strategy before investing to know what you are getting into.
Check Exit Load Policy
Premature withdrawal from arbitrage funds generally attracts a penalty or exit load of 0.25-0.5%. Check the exit load policy of your fund before investing to avoid unwanted penalties.
Risks of Investing in Arbitrage Mutual Funds
Lack of Diversification
In order to maintain their equity status, arbitrage funds need to maintain at least 65% capital in equity. This affects the diversification of the fund as they cannot invest more in debt funds, thus affecting the overall Portfolio of the investor.
Exit Loads
As said earlier, these funds carry exit loads on premature withdrawal. It could Range anywhere from 0.25-0.50%. Also, the Redemption of the money would take some 1-3 working days. This affects the liquidity of the fund.
Not Suitable for Long Term
Arbitrage funds are not an attractive option for long-term wealth creation. As arbitrage opportunities are limited, there is only a short window to make profits. Due to their strategy, they do not have a high-growth potential. Thus, making them ill-fitted for long-term.
Top 10 Best Performing Arbitrage Funds
Some of the best performing funds in India are:
Fund NAV Net Assets (Cr) 3 MO (%) 6 MO (%) 1 YR (%) 3 YR (%) 5 YR (%) 2023 (%) SBI Arbitrage Opportunities Fund Growth ₹31.1991
↑ 0.02 ₹27,586 1.9 3.8 7.8 5.9 5.2 7.4 Invesco India Arbitrage Fund Growth ₹29.4424
↑ 0.02 ₹14,611 1.8 3.8 7.7 5.8 5.4 7.4 Kotak Equity Arbitrage Fund Growth ₹34.5533
↑ 0.03 ₹40,051 2 4 8 5.8 5.4 7.4 Edelweiss Arbitrage Fund Growth ₹17.8973
↑ 0.02 ₹9,167 1.9 3.9 7.7 5.6 5.3 7.1 ICICI Prudential Equity Arbitrage Fund Growth ₹31.6548
↑ 0.02 ₹17,729 1.9 3.8 7.6 5.6 5.2 7.1 UTI Arbitrage Fund Growth ₹32.3064
↑ 0.03 ₹4,549 1.9 3.9 7.7 5.5 5.2 7.2 Nippon India Arbitrage Fund Growth ₹24.5655
↑ 0.02 ₹13,896 1.9 3.8 7.6 5.5 5.2 7 Axis Arbitrage Fund Growth ₹17.2742
↑ 0.02 ₹3,931 1.9 3.8 7.5 5.5 5.1 6.9 HDFC Arbitrage Fund Growth ₹28.28
↑ 0.02 ₹10,882 1.9 3.8 7.7 5.5 5.1 7.2 Aditya Birla Sun Life Arbitrage Fund Growth ₹24.5301
↑ 0.02 ₹10,549 1.9 3.8 7.6 5.5 5.2 7.1 Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 30 Apr 24
*Above is list of best Arbitrage funds are having AUM/Net Assets above 500 Crore. Sorted on Last 3 Year Return.
To provide capital appreciation and regular income for unitholders by identifying profitable arbitrage opportunities between the spot and derivative market segments as also through investment of surplus cash in debt and money market instruments. SBI Arbitrage Opportunities Fund is a Hybrid - Arbitrage fund was launched on 3 Nov 06. It is a fund with Moderately Low risk and has given a Below is the key information for SBI Arbitrage Opportunities Fund Returns up to 1 year are on The primary investment objective of the scheme is to generate income through arbitrage opportunities emerging out of mis-pricing between the cash market and the derivatives market and through deployment of surplus cash in fixed income instruments. Invesco India Arbitrage Fund is a Hybrid - Arbitrage fund was launched on 30 Apr 07. It is a fund with Moderately Low risk and has given a Below is the key information for Invesco India Arbitrage Fund Returns up to 1 year are on The investment objective of the scheme is to generate capital appreciation and income by predominantly investing in arbitrage opportunities in the cash and derivatives segment of the equity market, and by investing the balance in debt and money market instruments. However, there is no assurance that the objective of the scheme will be realized Kotak Equity Arbitrage Fund is a Hybrid - Arbitrage fund was launched on 29 Sep 05. It is a fund with Moderately Low risk and has given a Below is the key information for Kotak Equity Arbitrage Fund Returns up to 1 year are on The investment objective of the Scheme is to generate income by predominantly investing in arbitrage opportunities in the cash and the derivative segments of the equity markets and the arbitrage opportunities available within the derivative segment and by investing the balance in debt and money market instruments. However, there is no assurance that the investment objective of the scheme will be realized. Edelweiss Arbitrage Fund is a Hybrid - Arbitrage fund was launched on 27 Jun 14. It is a fund with Moderately Low risk and has given a Below is the key information for Edelweiss Arbitrage Fund Returns up to 1 year are on The investment objective of Income Optimiser Plan under the scheme is to seek to generate low volatility returns by using arbitrage and other derivative strategies in equity markets and investments in short-term debt portfolio. ICICI Prudential Equity Arbitrage Fund is a Hybrid - Arbitrage fund was launched on 30 Dec 06. It is a fund with Moderate risk and has given a Below is the key information for ICICI Prudential Equity Arbitrage Fund Returns up to 1 year are on (Erstwhile UTI SPREAD Fund) The investment objective of the scheme is to provide capital appreciation and dividend distribution through arbitrage opportunities arising out of price differences between the cash and derivative market by investing predominantly in equity and equity-related securities, derivatives and the balance portion in debt securities. However, there can be no assurance that the investment objective of the scheme will be realised. UTI Arbitrage Fund is a Hybrid - Arbitrage fund was launched on 22 Jun 06. It is a fund with Moderately Low risk and has given a Below is the key information for UTI Arbitrage Fund Returns up to 1 year are on (Erstwhile Reliance Arbitrage Advantage Fund) The investment objective of the scheme is to generate income by taking advantage of the arbitrage opportunities that potentially exists between cash and derivative market and within the derivative segment along with investments in debt securities & money market instruments. Nippon India Arbitrage Fund is a Hybrid - Arbitrage fund was launched on 14 Oct 10. It is a fund with Moderately Low risk and has given a Below is the key information for Nippon India Arbitrage Fund Returns up to 1 year are on (Erstwhile Axis Enhanced Arbitrage Fund) To generate income through low volatility absolute return strategies that take advantage of opportunities in the cash and the derivative segments of the equity markets including the arbitrage opportunities available within the derivative segment, by using other derivative based strategies and by investing the balance in debt and money market instruments. However, there is no assurance or guarantee that the investment objective of the Scheme will be achieved. The Scheme does not assure or guarantee any returns. Axis Arbitrage Fund is a Hybrid - Arbitrage fund was launched on 14 Aug 14. It is a fund with Moderate risk and has given a Below is the key information for Axis Arbitrage Fund Returns up to 1 year are on "To generate income through arbitrage opportunities between cash and derivative market and arbitrage opportunities within the derivative segment and by deployment of surplus cash in debt securities and money market instruments." HDFC Arbitrage Fund is a Hybrid - Arbitrage fund was launched on 23 Oct 07. It is a fund with Moderately Low risk and has given a Below is the key information for HDFC Arbitrage Fund Returns up to 1 year are on (Erstwhile Aditya Birla Sun Life Enhanced Arbitrage Fund) An Open ended Equity Scheme with an investment objective to generate income by investing predominantly in equity and equity related instruments. Scheme intends to take advantage from the price differentials / mis-pricing prevailing for stock / index in various market segments (Cash & Futures). Aditya Birla Sun Life Arbitrage Fund is a Hybrid - Arbitrage fund was launched on 24 Jul 09. It is a fund with Moderate risk and has given a Below is the key information for Aditya Birla Sun Life Arbitrage Fund Returns up to 1 year are on 1. SBI Arbitrage Opportunities Fund
CAGR/Annualized return of 6.7% since its launch. Ranked 15 in Arbitrage category. Return for 2023 was 7.4% , 2022 was 4.6% and 2021 was 4% . SBI Arbitrage Opportunities Fund
Growth Launch Date 3 Nov 06 NAV (30 Apr 24) ₹31.1991 ↑ 0.02 (0.07 %) Net Assets (Cr) ₹27,586 on 31 Mar 24 Category Hybrid - Arbitrage AMC SBI Funds Management Private Limited Rating ☆☆ Risk Moderately Low Expense Ratio 0.82 Sharpe Ratio 1.68 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 500 Exit Load 0-1 Months (0.5%),1 Months and above(NIL) Growth of 10,000 investment over the years.
Date Value 30 Apr 19 ₹10,000 30 Apr 20 ₹10,602 30 Apr 21 ₹10,884 30 Apr 22 ₹11,338 30 Apr 23 ₹11,973 30 Apr 24 ₹12,909 Returns for SBI Arbitrage Opportunities Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 30 Apr 24 Duration Returns 1 Month 0.7% 3 Month 1.9% 6 Month 3.8% 1 Year 7.8% 3 Year 5.9% 5 Year 5.2% 10 Year 15 Year Since launch 6.7% Historical performance (Yearly) on absolute basis
Year Returns 2023 7.4% 2022 4.6% 2021 4% 2020 3.5% 2019 6% 2018 6.2% 2017 5.3% 2016 6.4% 2015 7.3% 2014 8.6% Fund Manager information for SBI Arbitrage Opportunities Fund
Name Since Tenure Neeraj Kumar 5 Oct 12 11.5 Yr. Arun R. 30 Jun 21 2.76 Yr. Data below for SBI Arbitrage Opportunities Fund as on 31 Mar 24
Asset Allocation
Asset Class Value Cash 92.1% Equity 0.22% Debt 7.65% Other 0.03% Equity Sector Allocation
Sector Value Financial Services 24.83% Industrials 10.28% Energy 9% Basic Materials 8.96% Consumer Defensive 4.24% Utility 3.86% Technology 3.84% Health Care 3.76% Consumer Cyclical 3.34% Communication Services 2.73% Real Estate 0.67% Debt Sector Allocation
Sector Value Cash Equivalent 87.14% Corporate 9.21% Government 3.4% Credit Quality
Rating Value AA 1.91% AAA 98.09% Top Securities Holdings / Portfolio
Name Holding Value Quantity SBI Savings Dir Gr
Investment Fund | -10% ₹2,719 Cr 672,297,948
↑ 37,367,619 Future on HDFC Bank Ltd
Derivatives | -9% -₹2,441 Cr 16,704,600
↓ -964,150 HDFC Bank Ltd (Financial Services)
Equity, Since 30 Apr 22 | HDFCBANK9% ₹2,419 Cr 16,704,600
↓ -964,150 Future on Reliance Industries Ltd
Derivatives | -6% -₹1,521 Cr 5,086,500
↑ 35,000 Reliance Industries Ltd (Energy)
Equity, Since 30 Nov 21 | RELIANCE5% ₹1,512 Cr 5,086,500
↑ 35,000 SBI Magnum Low Duration Dir Gr
Investment Fund | -3% ₹771 Cr 2,338,487 Future on Bharat Electronics Ltd
Derivatives | -2% -₹598 Cr 29,406,300
↑ 7,883,100 Bharat Electronics Ltd (Industrials)
Equity, Since 30 Apr 22 | BEL2% ₹593 Cr 29,406,300
↑ 7,883,100 Future on Kotak Mahindra Bank Ltd
Derivatives | -2% -₹550 Cr 3,057,200
↓ -350,000 Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 31 Aug 22 | KOTAKBANK2% ₹546 Cr 3,057,200
↓ -350,000 2. Invesco India Arbitrage Fund
CAGR/Annualized return of 6.6% since its launch. Ranked 9 in Arbitrage category. Return for 2023 was 7.4% , 2022 was 5.1% and 2021 was 3.5% . Invesco India Arbitrage Fund
Growth Launch Date 30 Apr 07 NAV (30 Apr 24) ₹29.4424 ↑ 0.02 (0.07 %) Net Assets (Cr) ₹14,611 on 31 Mar 24 Category Hybrid - Arbitrage AMC Invesco Asset Management (India) Private Ltd Rating ☆☆☆ Risk Moderately Low Expense Ratio 1.05 Sharpe Ratio 1.65 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 500 Exit Load 0-15 Days (0.5%),15 Days and above(NIL) Growth of 10,000 investment over the years.
Date Value 30 Apr 19 ₹10,000 30 Apr 20 ₹10,606 30 Apr 21 ₹10,956 30 Apr 22 ₹11,393 30 Apr 23 ₹12,061 30 Apr 24 ₹12,991 Returns for Invesco India Arbitrage Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 30 Apr 24 Duration Returns 1 Month 0.6% 3 Month 1.8% 6 Month 3.8% 1 Year 7.7% 3 Year 5.8% 5 Year 5.4% 10 Year 15 Year Since launch 6.6% Historical performance (Yearly) on absolute basis
Year Returns 2023 7.4% 2022 5.1% 2021 3.5% 2020 4.3% 2019 5.9% 2018 5.9% 2017 5.5% 2016 6.5% 2015 7.6% 2014 8.3% Fund Manager information for Invesco India Arbitrage Fund
Name Since Tenure Deepak Gupta 11 Nov 21 2.39 Yr. Kuber Mannadi 1 Sep 22 1.58 Yr. Data below for Invesco India Arbitrage Fund as on 31 Mar 24
Asset Allocation
Asset Class Value Cash 96% Debt 4.46% Other 0.03% Equity Sector Allocation
Sector Value Financial Services 23.98% Basic Materials 9.02% Industrials 6.16% Technology 5.95% Energy 5.93% Health Care 3.16% Consumer Cyclical 2.72% Communication Services 2.71% Consumer Defensive 2.37% Utility 1.12% Real Estate 0.71% Debt Sector Allocation
Sector Value Cash Equivalent 93.2% Corporate 4.87% Government 2.4% Credit Quality
Rating Value AA 73.16% AAA 26.84% Top Securities Holdings / Portfolio
Name Holding Value Quantity Invesco India Liquid Dir Gr
Investment Fund | -9% ₹1,259 Cr 3,799,531
↓ -1,049,959 Hdfc Bank Limited April 2024 Future
Derivatives | -8% -₹1,192 Cr 8,161,450
↑ 7,873,800 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jan 23 | HDFCBANK8% ₹1,182 Cr 8,161,450
↓ -563,750 Invesco India Money Market Dir Gr
Investment Fund | -5% ₹740 Cr 2,579,796 Future on Tata Consultancy Services Ltd
Derivatives | -5% -₹668 Cr 1,710,450
↑ 437,325 Tata Consultancy Services Ltd (Technology)
Equity, Since 30 Sep 22 | TCS5% ₹663 Cr 1,710,450
↑ 437,325 Future on Reliance Industries Ltd
Derivatives | -5% -₹658 Cr 2,199,500
↓ -370,250 Reliance Industries Ltd (Energy)
Equity, Since 31 Dec 22 | RELIANCE4% ₹654 Cr 2,199,500
↓ -370,250 Future on Canara Bank
Derivatives | -3% -₹389 Cr 6,633,900
↑ 5,354,100 Canara Bank (Financial Services)
Equity, Since 30 Nov 22 | 5324833% ₹385 Cr 6,633,900
↑ 5,354,100 3. Kotak Equity Arbitrage Fund
CAGR/Annualized return of 6.9% since its launch. Ranked 2 in Arbitrage category. Return for 2023 was 7.4% , 2022 was 4.5% and 2021 was 4% . Kotak Equity Arbitrage Fund
Growth Launch Date 29 Sep 05 NAV (30 Apr 24) ₹34.5533 ↑ 0.03 (0.07 %) Net Assets (Cr) ₹40,051 on 31 Mar 24 Category Hybrid - Arbitrage AMC Kotak Mahindra Asset Management Co Ltd Rating ☆☆☆☆ Risk Moderately Low Expense Ratio 0.63 Sharpe Ratio 1.99 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 500 Exit Load 0-30 Days (0.25%),30 Days and above(NIL) Growth of 10,000 investment over the years.
Date Value 30 Apr 19 ₹10,000 30 Apr 20 ₹10,603 30 Apr 21 ₹10,978 30 Apr 22 ₹11,417 30 Apr 23 ₹12,043 30 Apr 24 ₹13,001 Returns for Kotak Equity Arbitrage Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 30 Apr 24 Duration Returns 1 Month 0.7% 3 Month 2% 6 Month 4% 1 Year 8% 3 Year 5.8% 5 Year 5.4% 10 Year 15 Year Since launch 6.9% Historical performance (Yearly) on absolute basis
Year Returns 2023 7.4% 2022 4.5% 2021 4% 2020 4.3% 2019 6.1% 2018 6.3% 2017 5.8% 2016 6.7% 2015 7.5% 2014 9% Fund Manager information for Kotak Equity Arbitrage Fund
Name Since Tenure Hiten Shah 3 Oct 19 4.5 Yr. Data below for Kotak Equity Arbitrage Fund as on 31 Mar 24
Asset Allocation
Asset Class Value Cash 94.98% Debt 5.56% Other 0.04% Equity Sector Allocation
Sector Value Financial Services 24.41% Energy 10.98% Basic Materials 9.19% Industrials 8.93% Consumer Cyclical 5.64% Consumer Defensive 5.37% Technology 3.68% Health Care 3.19% Communication Services 3% Utility 2.83% Real Estate 0.82% Debt Sector Allocation
Sector Value Cash Equivalent 89.22% Corporate 7.99% Government 3.33% Credit Quality
Rating Value AAA 100% Top Securities Holdings / Portfolio
Name Holding Value Quantity Kotak Money Market Dir Gr
Investment Fund | -9% ₹3,629 Cr 8,808,572 HDFC Bank Ltd.-APR2024
Derivatives | -8% -₹3,207 Cr 21,950,500
↑ 13,681,800 HDFC Bank Ltd (Financial Services)
Equity, Since 30 Apr 22 | HDFCBANK8% ₹3,178 Cr 21,950,500
↑ 1,546,050 Kotak Liquid Dir Gr
Investment Fund | -5% ₹1,960 Cr 4,019,232
↓ -4,544,365 Kotak Savings Fund Dir Gr
Investment Fund | -4% ₹1,543 Cr 377,432,394
↓ -45,287,027 RELIANCE INDUSTRIES LTD.-APR2024
Derivatives | -3% -₹1,360 Cr 4,547,250
↑ 4,547,250 Reliance Industries Ltd (Energy)
Equity, Since 31 May 18 | RELIANCE3% ₹1,351 Cr 4,547,250
↓ -201,500 Adani Enterprises Ltd.-APR2024
Derivatives | -2% -₹843 Cr 2,621,400
↑ 2,621,400 Adani Enterprises Ltd (Energy)
Equity, Since 30 Jun 17 | 5125992% ₹838 Cr 2,621,400
↓ -183,600 Larsen And Toubro Ltd.-APR2024
Derivatives | -2% -₹829 Cr 2,187,300
↑ 2,187,300 4. Edelweiss Arbitrage Fund
CAGR/Annualized return of 6.1% since its launch. Ranked 1 in Arbitrage category. Return for 2023 was 7.1% , 2022 was 4.4% and 2021 was 3.8% . Edelweiss Arbitrage Fund
Growth Launch Date 27 Jun 14 NAV (30 Apr 24) ₹17.8973 ↑ 0.02 (0.09 %) Net Assets (Cr) ₹9,167 on 31 Mar 24 Category Hybrid - Arbitrage AMC Edelweiss Asset Management Limited Rating ☆☆☆☆☆ Risk Moderately Low Expense Ratio 1.08 Sharpe Ratio 1.43 Information Ratio -0.41 Alpha Ratio -0.05 Min Investment 5,000 Min SIP Investment 500 Exit Load 0-30 Days (0.25%),30 Days and above(NIL) Growth of 10,000 investment over the years.
Date Value 30 Apr 19 ₹10,000 30 Apr 20 ₹10,647 30 Apr 21 ₹10,994 30 Apr 22 ₹11,428 30 Apr 23 ₹12,033 30 Apr 24 ₹12,963 Returns for Edelweiss Arbitrage Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 30 Apr 24 Duration Returns 1 Month 0.7% 3 Month 1.9% 6 Month 3.9% 1 Year 7.7% 3 Year 5.6% 5 Year 5.3% 10 Year 15 Year Since launch 6.1% Historical performance (Yearly) on absolute basis
Year Returns 2023 7.1% 2022 4.4% 2021 3.8% 2020 4.5% 2019 6.2% 2018 6.1% 2017 5.8% 2016 6.7% 2015 8% 2014 Fund Manager information for Edelweiss Arbitrage Fund
Name Since Tenure Dhawal Dalal 22 Dec 16 7.28 Yr. Bhavesh Jain 27 Jun 14 9.77 Yr. Bhavin Patadia 1 Mar 23 1.09 Yr. Data below for Edelweiss Arbitrage Fund as on 31 Mar 24
Asset Allocation
Asset Class Value Cash 96.03% Debt 4.52% Other 0.01% Equity Sector Allocation
Sector Value Financial Services 23.55% Energy 11.92% Basic Materials 10.22% Industrials 8.38% Communication Services 5.21% Technology 4.29% Consumer Cyclical 3.95% Health Care 3.47% Utility 2.91% Consumer Defensive 2.08% Real Estate 0.31% Debt Sector Allocation
Sector Value Cash Equivalent 92.04% Government 5.16% Corporate 3.35% Credit Quality
Rating Value AAA 100% Top Securities Holdings / Portfolio
Name Holding Value Quantity Future on HDFC Bank Ltd
Derivatives | -8% -₹749 Cr 5,124,900
↑ 18,150 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Mar 21 | HDFCBANK8% ₹742 Cr 5,124,900
↑ 18,150 Edelweiss Liquid Dir Gr
Investment Fund | -6% ₹554 Cr 1,777,233
↑ 805,291 Future on Reliance Industries Ltd
Derivatives | -3% -₹312 Cr 1,044,000
↑ 33,750 Reliance Industries Ltd (Energy)
Equity, Since 30 Apr 18 | RELIANCE3% ₹310 Cr 1,044,000
↑ 33,750 Future on Adani Enterprises Ltd
Derivatives | -2% -₹225 Cr 698,400
↓ -110,100 Adani Enterprises Ltd (Energy)
Equity, Since 30 Apr 23 | 5125992% ₹223 Cr 698,400
↓ -110,100 Future on Coal India Ltd
Derivatives | -2% -₹207 Cr 4,737,600
↑ 264,600 Coal India Ltd (Energy)
Equity, Since 30 Apr 23 | COALINDIA2% ₹206 Cr 4,737,600
↑ 264,600 Future on Oil & Natural Gas Corp Ltd
Derivatives | -2% -₹175 Cr 6,494,950
↓ -2,737,350 5. ICICI Prudential Equity Arbitrage Fund
CAGR/Annualized return of 6.9% since its launch. Ranked 4 in Arbitrage category. Return for 2023 was 7.1% , 2022 was 4.2% and 2021 was 3.9% . ICICI Prudential Equity Arbitrage Fund
Growth Launch Date 30 Dec 06 NAV (30 Apr 24) ₹31.6548 ↑ 0.02 (0.07 %) Net Assets (Cr) ₹17,729 on 31 Mar 24 Category Hybrid - Arbitrage AMC ICICI Prudential Asset Management Company Limited Rating ☆☆☆☆ Risk Moderate Expense Ratio 0.97 Sharpe Ratio 1.31 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 1,000 Exit Load 0-1 Months (0.25%),1 Months and above(NIL) Growth of 10,000 investment over the years.
Date Value 30 Apr 19 ₹10,000 30 Apr 20 ₹10,599 30 Apr 21 ₹10,959 30 Apr 22 ₹11,372 30 Apr 23 ₹11,976 30 Apr 24 ₹12,888 Returns for ICICI Prudential Equity Arbitrage Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 30 Apr 24 Duration Returns 1 Month 0.7% 3 Month 1.9% 6 Month 3.8% 1 Year 7.6% 3 Year 5.6% 5 Year 5.2% 10 Year 15 Year Since launch 6.9% Historical performance (Yearly) on absolute basis
Year Returns 2023 7.1% 2022 4.2% 2021 3.9% 2020 4.3% 2019 5.9% 2018 6.2% 2017 5.5% 2016 6.8% 2015 7.6% 2014 8.6% Fund Manager information for ICICI Prudential Equity Arbitrage Fund
Name Since Tenure Rohan Maru 29 Dec 20 3.26 Yr. Nikhil Kabra 29 Dec 20 3.26 Yr. Sharmila D’mello 31 Jul 22 1.67 Yr. Archana Nair 1 Feb 24 0.16 Yr. Kaivalya Nadkarni 1 Feb 24 0.16 Yr. Data below for ICICI Prudential Equity Arbitrage Fund as on 31 Mar 24
Asset Allocation
Asset Class Value Cash 84.99% Debt 15.49% Other 0.03% Equity Sector Allocation
Sector Value Financial Services 21.76% Energy 10.2% Industrials 9.36% Basic Materials 9.04% Utility 4.62% Consumer Defensive 3.36% Technology 3.16% Health Care 2.6% Consumer Cyclical 2.55% Communication Services 2.51% Real Estate 0.59% Debt Sector Allocation
Sector Value Cash Equivalent 81.45% Corporate 13.45% Government 5.57% Securitized 0% Credit Quality
Rating Value AAA 100% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Pru Money Market Dir Gr
Investment Fund | -9% ₹1,511 Cr 43,277,968
↑ 20,170,210 Future on HDFC Bank Ltd
Derivatives | -7% -₹1,313 Cr 8,984,250
↓ -1,304,050 HDFC Bank Ltd (Financial Services)
Equity, Since 30 Nov 21 | HDFCBANK7% ₹1,301 Cr 8,984,250
↓ -1,304,050 ICICI Pru Savings Dir Gr
Investment Fund | -5% ₹823 Cr 16,474,508 Future on Reliance Industries Ltd
Derivatives | -3% -₹620 Cr 2,073,750
↑ 54,500 Reliance Industries Ltd (Energy)
Equity, Since 31 Aug 18 | RELIANCE3% ₹616 Cr 2,073,750
↑ 54,500 India (Republic of)
- | -3% ₹484 Cr 50,000,000
↑ 50,000,000 Future on Adani Enterprises Ltd
Derivatives | -3% -₹474 Cr 1,474,800
↑ 288,300 Adani Enterprises Ltd (Energy)
Equity, Since 31 May 23 | 5125993% ₹472 Cr 1,474,800
↑ 288,300 Future on Adani Ports & Special Economic Zone Ltd
Derivatives | -2% -₹443 Cr 3,276,000
↑ 111,200 6. UTI Arbitrage Fund
CAGR/Annualized return of 6.8% since its launch. Ranked 8 in Arbitrage category. Return for 2023 was 7.2% , 2022 was 4% and 2021 was 3.9% . UTI Arbitrage Fund
Growth Launch Date 22 Jun 06 NAV (30 Apr 24) ₹32.3064 ↑ 0.03 (0.10 %) Net Assets (Cr) ₹4,549 on 31 Mar 24 Category Hybrid - Arbitrage AMC UTI Asset Management Company Ltd Rating ☆☆☆ Risk Moderately Low Expense Ratio 0.89 Sharpe Ratio 1.5 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 500 Exit Load 0-30 Days (0.5%),30 Days and above(NIL) Growth of 10,000 investment over the years.
Date Value 30 Apr 19 ₹10,000 30 Apr 20 ₹10,608 30 Apr 21 ₹10,984 30 Apr 22 ₹11,395 30 Apr 23 ₹11,982 30 Apr 24 ₹12,906 Returns for UTI Arbitrage Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 30 Apr 24 Duration Returns 1 Month 0.7% 3 Month 1.9% 6 Month 3.9% 1 Year 7.7% 3 Year 5.5% 5 Year 5.2% 10 Year 15 Year Since launch 6.8% Historical performance (Yearly) on absolute basis
Year Returns 2023 7.2% 2022 4% 2021 3.9% 2020 4.4% 2019 6.2% 2018 6.2% 2017 5.7% 2016 6.5% 2015 7.6% 2014 8.1% Fund Manager information for UTI Arbitrage Fund
Name Since Tenure Amit Sharma 2 Jul 18 5.75 Yr. Sharwan Kumar Goyal 1 Jan 21 3.25 Yr. Data below for UTI Arbitrage Fund as on 31 Mar 24
Asset Allocation
Asset Class Value Cash 96.11% Debt 4.41% Other 0.03% Equity Sector Allocation
Sector Value Financial Services 23.08% Basic Materials 11.22% Industrials 6.52% Energy 6.2% Communication Services 5.46% Health Care 5.18% Utility 4.71% Consumer Cyclical 3.96% Technology 3.93% Consumer Defensive 3.49% Real Estate 1.37% Debt Sector Allocation
Sector Value Cash Equivalent 90.9% Corporate 8.24% Government 1.38% Credit Quality
Rating Value AAA 100% Top Securities Holdings / Portfolio
Name Holding Value Quantity UTI Money Market Dir Gr
Investment Fund | -13% ₹611 Cr 2,153,840 Future on HDFC Bank Ltd
Derivatives | -6% -₹284 Cr 1,944,800
↑ 161,700 HDFC Bank Ltd (Financial Services)
Equity, Since 30 Apr 22 | HDFCBANK6% ₹282 Cr 1,944,800
↑ 161,700 Future on Reliance Industries Ltd
Derivatives | -4% -₹186 Cr 622,250
↑ 2,500 Reliance Industries Ltd (Energy)
Equity, Since 31 Aug 23 | RELIANCE4% ₹185 Cr 622,250
↑ 2,500 Future on Vedanta Ltd
Derivatives | -4% -₹159 Cr 5,823,600
↓ -73,600 Vedanta Ltd (Basic Materials)
Equity, Since 30 Sep 23 | 5002953% ₹158 Cr 5,823,600
↓ -73,600 Future on State Bank of India
Derivatives | -3% -₹142 Cr 1,870,500
↑ 79,500 State Bank of India (Financial Services)
Equity, Since 31 May 23 | SBIN3% ₹141 Cr 1,870,500
↑ 79,500 Future on Canara Bank
Derivatives | -3% -₹138 Cr 2,357,100
↑ 270,000 7. Nippon India Arbitrage Fund
CAGR/Annualized return of 6.9% since its launch. Ranked 3 in Arbitrage category. Return for 2023 was 7% , 2022 was 4.2% and 2021 was 3.8% . Nippon India Arbitrage Fund
Growth Launch Date 14 Oct 10 NAV (30 Apr 24) ₹24.5655 ↑ 0.02 (0.08 %) Net Assets (Cr) ₹13,896 on 31 Mar 24 Category Hybrid - Arbitrage AMC Nippon Life Asset Management Ltd. Rating ☆☆☆☆ Risk Moderately Low Expense Ratio 1.06 Sharpe Ratio 1.22 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 100 Exit Load 0-1 Months (0.25%),1 Months and above(NIL) Growth of 10,000 investment over the years.
Date Value 30 Apr 19 ₹10,000 30 Apr 20 ₹10,597 30 Apr 21 ₹10,968 30 Apr 22 ₹11,389 30 Apr 23 ₹11,973 30 Apr 24 ₹12,883 Returns for Nippon India Arbitrage Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 30 Apr 24 Duration Returns 1 Month 0.7% 3 Month 1.9% 6 Month 3.8% 1 Year 7.6% 3 Year 5.5% 5 Year 5.2% 10 Year 15 Year Since launch 6.9% Historical performance (Yearly) on absolute basis
Year Returns 2023 7% 2022 4.2% 2021 3.8% 2020 4.3% 2019 6.2% 2018 6.8% 2017 5.5% 2016 6.6% 2015 8.1% 2014 8% Fund Manager information for Nippon India Arbitrage Fund
Name Since Tenure Anju Chhajer 1 Feb 20 4.17 Yr. Anand Gupta 12 Sep 18 5.56 Yr. Rohit Shah 8 Apr 24 0 Yr. Data below for Nippon India Arbitrage Fund as on 31 Mar 24
Asset Allocation
Asset Class Value Cash 96.34% Debt 4.05% Other 0.04% Equity Sector Allocation
Sector Value Financial Services 24.92% Industrials 10.27% Energy 8.09% Basic Materials 6.86% Health Care 4.61% Communication Services 4.22% Technology 3.7% Consumer Cyclical 3.68% Consumer Defensive 3.5% Utility 2.56% Real Estate 0.11% Debt Sector Allocation
Sector Value Cash Equivalent 87.08% Corporate 9.75% Government 3.56% Credit Quality
Rating Value AAA 100% Top Securities Holdings / Portfolio
Name Holding Value Quantity Nippon India Liquid Dir Gr
Investment Fund | -9% ₹1,264 Cr 2,139,524
↑ 510,361 Nippon India Money Market Dir Gr
Investment Fund | -7% ₹1,016 Cr 2,658,820 Hdfc Bank Limited_25/04/2024
Derivatives | -7% -₹911 Cr 6,235,900
↑ 5,209,050 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jan 23 | HDFCBANK6% ₹903 Cr 6,235,900
↑ 319,000 Future on Adani Ports & Special Economic Zone Ltd
Derivatives | -3% -₹456 Cr 3,372,000
↑ 2,400 Adani Ports & Special Economic Zone Ltd (Industrials)
Equity, Since 31 Oct 19 | 5329213% ₹452 Cr 3,372,000
↑ 2,400 Future on Kotak Mahindra Bank Ltd
Derivatives | -3% -₹451 Cr 2,506,800
↓ -146,000 Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 31 Aug 23 | KOTAKBANK3% ₹448 Cr 2,506,800
↓ -146,000 Future on Reliance Industries Ltd
Derivatives | -2% -₹329 Cr 1,098,500
↑ 166,000 Reliance Industries Ltd (Energy)
Equity, Since 31 Dec 17 | RELIANCE2% ₹326 Cr 1,098,500
↑ 166,000 8. Axis Arbitrage Fund
CAGR/Annualized return of 5.8% since its launch. Ranked 12 in Arbitrage category. Return for 2023 was 6.9% , 2022 was 4.2% and 2021 was 3.8% . Axis Arbitrage Fund
Growth Launch Date 14 Aug 14 NAV (30 Apr 24) ₹17.2742 ↑ 0.02 (0.09 %) Net Assets (Cr) ₹3,931 on 31 Mar 24 Category Hybrid - Arbitrage AMC Axis Asset Management Company Limited Rating ☆☆ Risk Moderate Expense Ratio 1.05 Sharpe Ratio 0.84 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 1,000 Exit Load 0-7 Days (0.25%),7 Days and above(NIL) Growth of 10,000 investment over the years.
Date Value 30 Apr 19 ₹10,000 30 Apr 20 ₹10,600 30 Apr 21 ₹10,932 30 Apr 22 ₹11,377 30 Apr 23 ₹11,943 30 Apr 24 ₹12,840 Returns for Axis Arbitrage Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 30 Apr 24 Duration Returns 1 Month 0.7% 3 Month 1.9% 6 Month 3.8% 1 Year 7.5% 3 Year 5.5% 5 Year 5.1% 10 Year 15 Year Since launch 5.8% Historical performance (Yearly) on absolute basis
Year Returns 2023 6.9% 2022 4.2% 2021 3.8% 2020 4.1% 2019 5.8% 2018 6.1% 2017 5.2% 2016 6.9% 2015 7.3% 2014 Fund Manager information for Axis Arbitrage Fund
Name Since Tenure Devang Shah 14 Aug 14 9.64 Yr. Sachin Jain 9 Nov 21 2.39 Yr. Ashish Naik 4 May 22 1.91 Yr. Karthik Kumar 3 Jul 23 0.75 Yr. Data below for Axis Arbitrage Fund as on 31 Mar 24
Asset Allocation
Asset Class Value Cash 88.68% Debt 11.77% Other 0.03% Equity Sector Allocation
Sector Value Financial Services 20.95% Health Care 8.83% Basic Materials 8.28% Energy 6.26% Industrials 4.96% Consumer Defensive 4.49% Technology 3.28% Communication Services 2.94% Utility 2.42% Consumer Cyclical 2.06% Real Estate 0.59% Debt Sector Allocation
Sector Value Cash Equivalent 82.43% Corporate 11.45% Government 6.56% Credit Quality
Rating Value AAA 100% Top Securities Holdings / Portfolio
Name Holding Value Quantity Axis Money Market Dir Gr
Investment Fund | -11% ₹441 Cr 3,361,205 Hdfc Bank Limited April 2024 Future
Derivatives | -7% -₹284 Cr 1,947,000
↑ 1,947,000 HDFC Bank Ltd (Financial Services)
Equity, Since 28 Feb 23 | HDFCBANK7% ₹282 Cr 1,947,000
↑ 310,200 Future on Reliance Industries Ltd
Derivatives | -6% -₹236 Cr 790,250
↑ 268,250 Reliance Industries Ltd (Energy)
Equity, Since 31 Mar 20 | RELIANCE6% ₹235 Cr 790,250
↑ 268,250 Vedanta Limited April 2024 Future
Derivatives | -3% -₹133 Cr 4,859,900
↑ 4,859,900 Vedanta Ltd (Basic Materials)
Equity, Since 30 Sep 23 | 5002953% ₹132 Cr 4,859,900
↑ 264,500 Future on Tata Consultancy Services Ltd
Derivatives | -3% -₹114 Cr 291,900
↑ 58,100 Tata Consultancy Services Ltd (Technology)
Equity, Since 31 May 23 | TCS3% ₹113 Cr 291,900
↑ 58,100 Future on Aurobindo Pharma Ltd
Derivatives | -2% -₹86 Cr 789,800
↓ -261,800 9. HDFC Arbitrage Fund
CAGR/Annualized return of 6.5% since its launch. Ranked 10 in Arbitrage category. Return for 2023 was 7.2% , 2022 was 4.2% and 2021 was 3.6% . HDFC Arbitrage Fund
Growth Launch Date 23 Oct 07 NAV (30 Apr 24) ₹28.28 ↑ 0.02 (0.08 %) Net Assets (Cr) ₹10,882 on 31 Mar 24 Category Hybrid - Arbitrage AMC HDFC Asset Management Company Limited Rating ☆☆☆ Risk Moderately Low Expense Ratio 0.86 Sharpe Ratio 1.35 Information Ratio 0 Alpha Ratio 0 Min Investment 100,000 Min SIP Investment 300 Exit Load 0-1 Months (0.25%),1 Months and above(NIL) Growth of 10,000 investment over the years.
Date Value 30 Apr 19 ₹10,000 30 Apr 20 ₹10,566 30 Apr 21 ₹10,903 30 Apr 22 ₹11,290 30 Apr 23 ₹11,893 30 Apr 24 ₹12,804 Returns for HDFC Arbitrage Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 30 Apr 24 Duration Returns 1 Month 0.7% 3 Month 1.9% 6 Month 3.8% 1 Year 7.7% 3 Year 5.5% 5 Year 5.1% 10 Year 15 Year Since launch 6.5% Historical performance (Yearly) on absolute basis
Year Returns 2023 7.2% 2022 4.2% 2021 3.6% 2020 3.7% 2019 6% 2018 5.7% 2017 5.3% 2016 6.6% 2015 7.6% 2014 7.9% Fund Manager information for HDFC Arbitrage Fund
Name Since Tenure Anil Bamboli 1 Feb 22 2.16 Yr. Arun Agarwal 24 Aug 20 3.61 Yr. Nirman Morakhia 15 Feb 23 1.13 Yr. Dhruv Muchhal 22 Jun 23 0.78 Yr. Data below for HDFC Arbitrage Fund as on 31 Mar 24
Asset Allocation
Asset Class Value Cash 94.8% Debt 5.16% Other 0.04% Equity Sector Allocation
Sector Value Financial Services 25.57% Energy 9.39% Basic Materials 8.24% Industrials 6.7% Consumer Defensive 6.2% Health Care 5.81% Communication Services 4.34% Utility 3.61% Technology 3.34% Consumer Cyclical 2.08% Real Estate 0.9% Debt Sector Allocation
Sector Value Cash Equivalent 89.31% Corporate 8.44% Government 2.21% Credit Quality
Rating Value AAA 100% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Money Market Dir Gr
Investment Fund | -12% ₹1,354 Cr 2,554,405 Future on HDFC Bank Ltd
Derivatives | -9% -₹1,006 Cr HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jan 23 | HDFCBANK9% ₹1,006 Cr 6,950,350
↓ -239,250 Future on Reliance Industries Ltd
Derivatives | -6% -₹607 Cr Reliance Industries Ltd (Energy)
Equity, Since 31 Oct 21 | RELIANCE6% ₹607 Cr 2,043,250
↓ -44,500 HDFC Liquid Dir Gr
Investment Fund | -5% ₹560 Cr 1,179,666
↓ -105,900 Future on State Bank of India
Derivatives | -5% -₹539 Cr State Bank of India (Financial Services)
Equity, Since 31 May 23 | SBIN5% ₹539 Cr 7,165,500
↑ 448,500 Future on Larsen & Toubro Ltd
Derivatives | -4% -₹383 Cr Larsen & Toubro Ltd (Industrials)
Equity, Since 31 Oct 23 | LT4% ₹383 Cr 1,017,600
↑ 192,000 10. Aditya Birla Sun Life Arbitrage Fund
CAGR/Annualized return of 6.3% since its launch. Ranked 7 in Arbitrage category. Return for 2023 was 7.1% , 2022 was 4.1% and 2021 was 3.8% . Aditya Birla Sun Life Arbitrage Fund
Growth Launch Date 24 Jul 09 NAV (30 Apr 24) ₹24.5301 ↑ 0.02 (0.09 %) Net Assets (Cr) ₹10,549 on 31 Mar 24 Category Hybrid - Arbitrage AMC Birla Sun Life Asset Management Co Ltd Rating ☆☆☆ Risk Moderate Expense Ratio 1.03 Sharpe Ratio 1.3 Information Ratio 0 Alpha Ratio 0 Min Investment 1,000 Min SIP Investment 1,000 Exit Load 0-30 Days (0.5%),30 Days and above(NIL) Growth of 10,000 investment over the years.
Date Value 30 Apr 19 ₹10,000 30 Apr 20 ₹10,606 30 Apr 21 ₹10,968 30 Apr 22 ₹11,375 30 Apr 23 ₹11,960 30 Apr 24 ₹12,871 Returns for Aditya Birla Sun Life Arbitrage Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 30 Apr 24 Duration Returns 1 Month 0.7% 3 Month 1.9% 6 Month 3.8% 1 Year 7.6% 3 Year 5.5% 5 Year 5.2% 10 Year 15 Year Since launch 6.3% Historical performance (Yearly) on absolute basis
Year Returns 2023 7.1% 2022 4.1% 2021 3.8% 2020 4.1% 2019 6.2% 2018 6% 2017 5.6% 2016 6.5% 2015 7.6% 2014 8.3% Fund Manager information for Aditya Birla Sun Life Arbitrage Fund
Name Since Tenure Lovelish Solanki 15 Dec 14 9.3 Yr. Pranav Gupta 31 Mar 23 1.01 Yr. Data below for Aditya Birla Sun Life Arbitrage Fund as on 31 Mar 24
Asset Allocation
Asset Class Value Cash 94.13% Debt 6.38% Other 0.05% Equity Sector Allocation
Sector Value Financial Services 24.39% Basic Materials 12.32% Energy 9.79% Industrials 9.29% Health Care 3.92% Technology 3.79% Communication Services 3.15% Consumer Defensive 2.75% Consumer Cyclical 2.57% Utility 2.21% Real Estate 1.03% Debt Sector Allocation
Sector Value Cash Equivalent 87.14% Corporate 9.62% Government 3.75% Credit Quality
Rating Value AAA 100% Top Securities Holdings / Portfolio
Name Holding Value Quantity Aditya BSL Money Mgr Dir Gr
Investment Fund | -19% ₹2,002 Cr 58,750,216
↓ -8,826,546 Future on HDFC Bank Ltd
Derivatives | -7% -₹771 Cr 5,273,950
↓ -435,050 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Dec 21 | HDFCBANK7% ₹764 Cr 5,273,950
↓ -435,050 Reliance_(25/04/2024)
Derivatives | -4% -₹404 Cr 1,351,500
↑ 1,351,500 Reliance Industries Ltd (Energy)
Equity, Since 30 Jun 18 | RELIANCE4% ₹402 Cr 1,351,500
↑ 121,250 Tata Consultancy Services Ltd (Technology)
Equity, Since 31 Jul 23 | TCS3% ₹279 Cr 719,425
↓ -49,350 Tcs_(25/04/2024)
Derivatives | -3% -₹269 Cr 687,750
↑ 687,750 Lt_(25/04/2024)
Derivatives | -2% -₹262 Cr 691,200
↑ 691,200 Larsen & Toubro Ltd (Industrials)
Equity, Since 30 Sep 23 | LT2% ₹260 Cr 691,200
↓ -115,500 Pfc_(25/04/2024)
Derivatives | -2% -₹259 Cr 6,587,500
↑ 6,587,500
How to Invest in Arbitrage Funds Online?
Open Free Investment Account for Lifetime at Fincash.com.
Complete your Registration and KYC Process
Upload Documents (PAN, Aadhaar, etc.). And, You are Ready to Invest!
Conclusion
Short-term investors should consider arbitrage funds, especially for their favourable tax treatment. However, these funds can not be a substitute for equity funds or debt funds. So, the next time you are looking for short-term investment options, think about arbitrage funds.
All efforts have been made to ensure the information provided here is accurate. However, no guarantees are made regarding correctness of data. Please verify with scheme information document before making any investment.
AMFI Registration No. 112358 | CIN: U74999MH2016PTC282153
Shepard Technologies Pvt. Ltd. (with ARN code 112358) makes no warranties or representations, express or implied, on products offered through the platform. It accepts no liability for any damages or losses, however caused, in connection with the use of, or on the reliance of its product or related services. Terms and conditions of the website are applicable.
©2024 Shepard Technologies Private Limited. All Rights Reserved