Table of Contents
Top 10 Hybrid - Arbitrage Funds
Arbitrage strategy enjoys the benefits of price differences in different markets and makes money. These schemes earn returns by leveraging on price differentials due to Market inefficiencies in different markets. The return generating capacity of these funds are dependent on the Volatility of the invested asset in the market. Some of the advantages of arbitrage funds include less risk, returns, and favourable taxation. Being a part of an Equity Fund, if the investment is held for more than one year, it attracts long-term Capital Gain which in-turn has no tax. In the year 2022, the performance of arbitrage funds was to the mark. Many of the schemes have generated positive returns in 2022. So, let us have a glance at the top and best-performing arbitrage funds for 2022 on the Basis of performance that is, returns.
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Fund NAV Net Assets (Cr) 2023 (%) 2022 (%) 2021 (%) 2020 (%) 2019 (%) SBI Arbitrage Opportunities Fund Growth ₹30.9865
↑ 0.02 ₹27,798 7.4 4.6 4 3.5 6 Kotak Equity Arbitrage Fund Growth ₹34.3062
↑ 0.03 ₹39,099 7.4 4.5 4 4.3 6.1 Invesco India Arbitrage Fund Growth ₹29.2517
↑ 0.02 ₹14,593 7.4 5.1 3.5 4.3 5.9 HDFC Arbitrage Fund Growth ₹28.085
↑ 0.02 ₹10,994 7.2 4.2 3.6 3.7 6 BNP Paribas Arbitrage Fund Growth ₹14.7624
↑ 0.01 ₹796 7.2 3.8 3.7 4.6 6.2 UTI Arbitrage Fund Growth ₹32.0777
↑ 0.03 ₹4,677 7.2 4 3.9 4.4 6.2 Edelweiss Arbitrage Fund Growth ₹17.7759
↑ 0.01 ₹8,768 7.1 4.4 3.8 4.5 6.2 ICICI Prudential Equity Arbitrage Fund Growth ₹31.442
↑ 0.02 ₹17,500 7.1 4.2 3.9 4.3 5.9 Aditya Birla Sun Life Arbitrage Fund Growth ₹24.368
↑ 0.02 ₹10,668 7.1 4.1 3.8 4.1 6.2 IDFC Arbitrage Fund Growth ₹29.7703
↑ 0.02 ₹5,768 7.1 4.1 3.5 3.8 6.2 Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 28 Mar 24
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 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 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 "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 BNP Paribas Enhanced Arbitrage Fund) The primary investment objective of the scheme is to generate income and capital appreciation by investing in a combination of diversified portfolio of equity and equity related instruments, including use of equity derivatives strategies and arbitrage opportunities with exposure in debt and fixed income instruments. However, there can be no assurance that the investment objectives of the Scheme will be realized. The Scheme does not guarantee/indicate any returns BNP Paribas Arbitrage Fund is a Hybrid - Arbitrage fund was launched on 28 Dec 16. It is a fund with Moderately High risk and has given a Below is the key information for BNP Paribas 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 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 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 The investment objective of the Scheme is to generate capital appreciation and
income by predominantly investing in arbitrage opportunity in the cash and
the derivative segments of the equity markets and the arbitrage opportunity
available within the derivative segments 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. IDFC Arbitrage Fund is a Hybrid - Arbitrage fund was launched on 21 Dec 06. It is a fund with Moderately Low risk and has given a Below is the key information for IDFC 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 (28 Mar 24) ₹30.9865 ↑ 0.02 (0.07 %) Net Assets (Cr) ₹27,798 on 29 Feb 24 Category Hybrid - Arbitrage AMC SBI Funds Management Private Limited Rating ☆☆ Risk Moderately Low Expense Ratio 0.82 Sharpe Ratio 1.56 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 28 Feb 19 ₹10,000 29 Feb 20 ₹10,664 28 Feb 21 ₹10,925 28 Feb 22 ₹11,416 28 Feb 23 ₹11,973 29 Feb 24 ₹12,894 Returns for SBI Arbitrage Opportunities Fund
absolute basis
& more than 1 year are on CAGR (Compound Annual Growth Rate)
basis. as on 28 Mar 24 Duration Returns 1 Month 0.5% 3 Month 2.1% 6 Month 3.8% 1 Year 7.9% 3 Year 5.8% 5 Year 5.3% 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 11.41 Yr. Arun R. 30 Jun 21 2.67 Yr. Data below for SBI Arbitrage Opportunities Fund as on 29 Feb 24
Asset Allocation
Asset Class Value Cash 97.52% Debt 2.58% Other 0.03% Equity Sector Allocation
Sector Value Financial Services 24.34% Basic Materials 11.8% Industrials 8.46% Energy 7.59% Utility 5.46% Health Care 4.18% Consumer Cyclical 4.09% Technology 3.58% Consumer Defensive 3.54% Communication Services 3.28% Real Estate 0.87% Debt Sector Allocation
Sector Value Cash Equivalent 92.61% Corporate 4.63% Government 2.86% Credit Quality
Rating Value AAA 100% Top Securities Holdings / Portfolio
Name Holding Value Quantity SBI Savings Dir Gr
Investment Fund | -9% ₹2,549 Cr 634,930,329
↑ 149,932,186 Future on HDFC Bank Ltd
Derivatives | -9% -₹2,501 Cr 17,668,750
↑ 3,598,100 HDFC Bank Ltd (Financial Services)
Equity, Since 30 Apr 22 | HDFCBANK9% ₹2,480 Cr 17,668,750
↑ 3,598,100 Future on Reliance Industries Ltd
Derivatives | -5% -₹1,487 Cr 5,051,500
↓ -8,250 Reliance Industries Ltd (Energy)
Equity, Since 30 Nov 21 | RELIANCE5% ₹1,476 Cr 5,051,500
↓ -8,250 SBI Magnum Low Duration Dir Gr
Investment Fund | -3% ₹766 Cr 2,338,487 Future on Kotak Mahindra Bank Ltd
Derivatives | -2% -₹579 Cr 3,407,200
↑ 2,164,000 Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 31 Aug 22 | KOTAKBANK2% ₹576 Cr 3,407,200
↑ 2,164,000 Future on Bajaj Finance Ltd
Derivatives | -2% -₹545 Cr 834,000
↑ 640,375 Bajaj Finance Ltd (Financial Services)
Equity, Since 31 Jan 21 | 5000342% ₹542 Cr 834,000
↑ 640,375 2. 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 (28 Mar 24) ₹34.3062 ↑ 0.03 (0.08 %) Net Assets (Cr) ₹39,099 on 29 Feb 24 Category Hybrid - Arbitrage AMC Kotak Mahindra Asset Management Co Ltd Rating ☆☆☆☆ Risk Moderately Low Expense Ratio 0.63 Sharpe Ratio 1.82 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 28 Feb 19 ₹10,000 29 Feb 20 ₹10,652 28 Feb 21 ₹11,028 28 Feb 22 ₹11,503 28 Feb 23 ₹12,052 29 Feb 24 ₹12,992 Returns for Kotak Equity Arbitrage Fund
absolute basis
& more than 1 year are on CAGR (Compound Annual Growth Rate)
basis. as on 28 Mar 24 Duration Returns 1 Month 0.5% 3 Month 2.2% 6 Month 4% 1 Year 8% 3 Year 5.7% 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 4.41 Yr. Data below for Kotak Equity Arbitrage Fund as on 29 Feb 24
Asset Allocation
Asset Class Value Cash 98.2% Debt 2.17% Other 0.04% Equity Sector Allocation
Sector Value Financial Services 27.27% Industrials 8.96% Energy 8.61% Basic Materials 7.94% Technology 4.63% Consumer Cyclical 4.44% Health Care 3.95% Utility 3.66% Consumer Defensive 3.56% Communication Services 2.74% Real Estate 1.12% Debt Sector Allocation
Sector Value Cash Equivalent 86.4% Corporate 11.14% Government 2.82% Credit Quality
Rating Value AAA 100% Top Securities Holdings / Portfolio
Name Holding Value Quantity Kotak Liquid Dir Gr
Investment Fund | -11% ₹4,151 Cr 8,563,597
↑ 5,164,408 Kotak Money Market Dir Gr
Investment Fund | -9% ₹3,604 Cr 8,808,572 HDFC Bank Ltd (Financial Services)
Equity, Since 30 Apr 22 | HDFCBANK7% ₹2,864 Cr 20,404,450
↑ 1,561,450 Kotak Savings Fund Dir Gr
Investment Fund | -4% ₹1,717 Cr 422,719,421
↑ 70,411,588 HDFC Bank Ltd.-MAR2024
Derivatives | -4% -₹1,716 Cr 12,135,750
↑ 12,005,950 RELIANCE INDUSTRIES LTD.-MAR2024
Derivatives | -4% -₹1,398 Cr 4,748,750
↑ 4,748,750 Reliance Industries Ltd (Energy)
Equity, Since 31 May 18 | RELIANCE4% ₹1,387 Cr 4,748,750
↑ 830,250 HDFC Bank Ltd.-APR2024
Derivatives | -3% -₹1,178 Cr 8,268,700
↑ 8,268,700 Adani Enterprises Ltd.-MAR2024
Derivatives | -2% -₹929 Cr 2,805,000
↑ 2,805,000 Adani Enterprises Ltd (Energy)
Equity, Since 30 Jun 17 | 5125992% ₹922 Cr 2,805,000
↑ 398,700 3. 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 (28 Mar 24) ₹29.2517 ↑ 0.02 (0.07 %) Net Assets (Cr) ₹14,593 on 29 Feb 24 Category Hybrid - Arbitrage AMC Invesco Asset Management (India) Private Ltd Rating ☆☆☆ Risk Moderately Low Expense Ratio 1.05 Sharpe Ratio 1.5 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 28 Feb 19 ₹10,000 29 Feb 20 ₹10,647 28 Feb 21 ₹11,004 28 Feb 22 ₹11,446 28 Feb 23 ₹12,060 29 Feb 24 ₹12,977 Returns for Invesco India Arbitrage Fund
absolute basis
& more than 1 year are on CAGR (Compound Annual Growth Rate)
basis. as on 28 Mar 24 Duration Returns 1 Month 0.5% 3 Month 2.1% 6 Month 3.9% 1 Year 7.8% 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 2.3 Yr. Kuber Mannadi 1 Sep 22 1.5 Yr. Data below for Invesco India Arbitrage Fund as on 29 Feb 24
Asset Allocation
Asset Class Value Cash 97.71% Debt 2.66% Other 0.04% Equity Sector Allocation
Sector Value Financial Services 26.35% Basic Materials 9.26% Industrials 7.84% Energy 6.63% Technology 6.36% Communication Services 5% Health Care 3.21% Consumer Defensive 3.13% Consumer Cyclical 1.55% Real Estate 1.38% Utility 1.09% Debt Sector Allocation
Sector Value Cash Equivalent 90.87% Corporate 6.03% Government 3.47% Credit Quality
Rating Value AA 16.45% AAA 83.55% Top Securities Holdings / Portfolio
Name Holding Value Quantity Invesco India Liquid Dir Gr
Investment Fund | -11% ₹1,597 Cr 4,849,490
↑ 914,140 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jan 23 | HDFCBANK8% ₹1,224 Cr 8,725,200
↑ 1,125,300 Hdfc Bank Limited March 2024 Future
Derivatives | -8% -₹1,193 Cr 8,437,550
↑ 8,437,550 Future on Reliance Industries Ltd
Derivatives | -5% -₹757 Cr 2,569,750
↑ 444,000 Reliance Industries Ltd (Energy)
Equity, Since 31 Dec 22 | RELIANCE5% ₹751 Cr 2,569,750
↑ 444,000 Invesco India Money Market Dir Gr
Investment Fund | -5% ₹735 Cr 2,579,796 Future on Bajaj Finance Ltd
Derivatives | -4% -₹571 Cr 874,125
↑ 394,125 Bajaj Finance Ltd (Financial Services)
Equity, Since 30 Nov 21 | 5000344% ₹568 Cr 874,125
↑ 394,125 Future on Tata Consultancy Services Ltd
Derivatives | -4% -₹525 Cr 1,273,125
↓ -258,650 Tata Consultancy Services Ltd (Technology)
Equity, Since 30 Sep 22 | TCS4% ₹521 Cr 1,273,125
↓ -258,650 4. 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 (28 Mar 24) ₹28.085 ↑ 0.02 (0.08 %) Net Assets (Cr) ₹10,994 on 29 Feb 24 Category Hybrid - Arbitrage AMC HDFC Asset Management Company Limited Rating ☆☆☆ Risk Moderately Low Expense Ratio 0.86 Sharpe Ratio 1.11 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 28 Feb 19 ₹10,000 29 Feb 20 ₹10,649 28 Feb 21 ₹10,950 28 Feb 22 ₹11,383 28 Feb 23 ₹11,903 29 Feb 24 ₹12,795 Returns for HDFC Arbitrage Fund
absolute basis
& more than 1 year are on CAGR (Compound Annual Growth Rate)
basis. as on 28 Mar 24 Duration Returns 1 Month 0.5% 3 Month 2.1% 6 Month 3.8% 1 Year 7.7% 3 Year 5.4% 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 2.08 Yr. Arun Agarwal 24 Aug 20 3.52 Yr. Nirman Morakhia 15 Feb 23 1.04 Yr. Dhruv Muchhal 22 Jun 23 0.69 Yr. Data below for HDFC Arbitrage Fund as on 29 Feb 24
Asset Allocation
Asset Class Value Cash 97.86% Debt 2.44% Other 0.04% Equity Sector Allocation
Sector Value Financial Services 24.6% Energy 8.24% Basic Materials 8.19% Health Care 7.03% Industrials 6.26% Communication Services 4.79% Consumer Defensive 3.8% Consumer Cyclical 3.55% Technology 3.24% Utility 3.02% Real Estate 2.75% Debt Sector Allocation
Sector Value Cash Equivalent 89.92% Corporate 6.44% Government 3.94% Credit Quality
Rating Value AAA 100% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Money Market Dir Gr
Investment Fund | -12% ₹1,235 Cr 2,363,230
↓ -05 Future on HDFC Bank Ltd
Derivatives | -9% -₹924 Cr HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jan 23 | HDFCBANK9% ₹918 Cr 6,274,950
↑ 5,512,650 Future on Reliance Industries Ltd
Derivatives | -6% -₹565 Cr Reliance Industries Ltd (Energy)
Equity, Since 31 Oct 21 | RELIANCE5% ₹561 Cr 1,967,750
↓ -133,750 HDFC Liquid Dir Gr
Investment Fund | -5% ₹503 Cr 1,072,645
↑ 428,493 Future on State Bank of India
Derivatives | -4% -₹424 Cr State Bank of India (Financial Services)
Equity, Since 31 May 23 | SBIN4% ₹420 Cr 6,559,500
↑ 3,910,500 The Tata Power Company Ltd.
Derivatives | -2% -₹239 Cr Tata Power Co Ltd (Utilities)
Equity, Since 31 May 16 | 5004002% ₹238 Cr 6,102,000
↑ 131,625 5. BNP Paribas Arbitrage Fund
CAGR/Annualized
return of 5.5% since its launch. Return for 2023 was 7.2% , 2022 was 3.8% and 2021 was 3.7% . BNP Paribas Arbitrage Fund
Growth Launch Date 28 Dec 16 NAV (28 Mar 24) ₹14.7624 ↑ 0.01 (0.05 %) Net Assets (Cr) ₹796 on 29 Feb 24 Category Hybrid - Arbitrage AMC BNP Paribas Asset Mgmt India Pvt. Ltd Rating Risk Moderately High Expense Ratio 1.1 Sharpe Ratio 1.1 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 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 28 Feb 19 ₹10,000 29 Feb 20 ₹10,674 28 Feb 21 ₹11,061 28 Feb 22 ₹11,496 28 Feb 23 ₹11,963 29 Feb 24 ₹12,863 Returns for BNP Paribas Arbitrage Fund
absolute basis
& more than 1 year are on CAGR (Compound Annual Growth Rate)
basis. as on 28 Mar 24 Duration Returns 1 Month 0.5% 3 Month 2% 6 Month 3.8% 1 Year 7.7% 3 Year 5.3% 5 Year 5.2% 10 Year 15 Year Since launch 5.5% Historical performance (Yearly) on absolute basis
Year Returns 2023 7.2% 2022 3.8% 2021 3.7% 2020 4.6% 2019 6.2% 2018 6% 2017 6.4% 2016 2015 2014 Fund Manager information for BNP Paribas Arbitrage Fund
Name Since Tenure Vikram Pamnani 16 Mar 22 1.96 Yr. Neeraj Saxena 14 Mar 22 1.97 Yr. Miten Vora 1 Dec 22 1.25 Yr. Data below for BNP Paribas Arbitrage Fund as on 29 Feb 24
Asset Allocation
Asset Class Value Cash 82.1% Debt 18.38% Other 0.01% Equity Sector Allocation
Sector Value Financial Services 29.38% Basic Materials 7.53% Health Care 7.29% Consumer Cyclical 4.83% Technology 4.83% Communication Services 4.29% Energy 3.61% Industrials 3.36% Real Estate 2.09% Consumer Defensive 1.83% Debt Sector Allocation
Sector Value Cash Equivalent 81.37% Government 12.55% Corporate 6.56% Credit Quality
Rating Value AA 7.52% AAA 92.48% Top Securities Holdings / Portfolio
Name Holding Value Quantity Future on HDFC Bank Ltd
Derivatives | -8% -₹59 Cr 398,750
↑ 398,750 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jan 24 | HDFCBANK8% ₹58 Cr 398,750
↑ 398,750 Future on State Bank of India
Derivatives | -4% -₹30 Cr 459,000
↑ 360,000 State Bank of India (Financial Services)
Equity, Since 30 Nov 23 | SBIN4% ₹29 Cr 459,000
↑ 360,000 Future on Zee Entertainment Enterprises Ltd
Derivatives | -4% -₹27 Cr 1,569,000
↑ 1,500,000 Zee Entertainment Enterprises Ltd (Communication Services)
Equity, Since 31 Oct 23 | ZEEL4% ₹27 Cr 1,569,000
↑ 1,500,000 Future on Bank of Baroda
Derivatives | -3% -₹25 Cr 1,003,275
↑ 503,100 Bank of Baroda (Financial Services)
Equity, Since 31 Dec 23 | 5321343% ₹25 Cr 1,003,275
↑ 503,100 Rec Limited
Debentures | -3% ₹25 Cr 250
↑ 250 Future on Reliance Industries Ltd
Derivatives | -3% -₹24 Cr 83,250
↑ 70,000 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 (28 Mar 24) ₹32.0777 ↑ 0.03 (0.10 %) Net Assets (Cr) ₹4,677 on 29 Feb 24 Category Hybrid - Arbitrage AMC UTI Asset Management Company Ltd Rating ☆☆☆ Risk Moderately Low Expense Ratio 0.89 Sharpe Ratio 1.24 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 28 Feb 19 ₹10,000 29 Feb 20 ₹10,661 28 Feb 21 ₹11,027 28 Feb 22 ₹11,491 28 Feb 23 ₹11,995 29 Feb 24 ₹12,897 Returns for UTI Arbitrage Fund
absolute basis
& more than 1 year are on CAGR (Compound Annual Growth Rate)
basis. as on 28 Mar 24 Duration Returns 1 Month 0.5% 3 Month 2.1% 6 Month 3.9% 1 Year 7.7% 3 Year 5.5% 5 Year 5.3% 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 5.67 Yr. Sharwan Kumar Goyal 1 Jan 21 3.16 Yr. Data below for UTI Arbitrage Fund as on 29 Feb 24
Asset Allocation
Asset Class Value Cash 99.4% Debt 0.86% Other 0.03% Equity Sector Allocation
Sector Value Financial Services 22.79% Basic Materials 10.61% Industrials 7.79% Energy 6.31% Health Care 6.03% Communication Services 5.69% Utility 4.88% Consumer Defensive 3.98% Technology 3.39% Consumer Cyclical 2.96% Real Estate 2.26% Debt Sector Allocation
Sector Value Cash Equivalent 92.79% Corporate 4.36% Government 3.1% Credit Quality
Rating Value AAA 100% Top Securities Holdings / Portfolio
Name Holding Value Quantity UTI Money Market Dir Gr
Investment Fund | -13% ₹563 Cr 2,011,283
↑ 197,313 Future on HDFC Bank Ltd
Derivatives | -5% -₹236 Cr 1,600,500
↑ 965,250 HDFC Bank Ltd (Financial Services)
Equity, Since 30 Apr 22 | HDFCBANK5% ₹234 Cr 1,600,500
↑ 965,250 Future on Reliance Industries Ltd
Derivatives | -4% -₹179 Cr 622,000
↑ 18,250 Reliance Industries Ltd (Energy)
Equity, Since 31 Aug 23 | RELIANCE4% ₹177 Cr 622,000
↑ 18,250 Future on State Bank of India
Derivatives | -3% -₹152 Cr 2,355,000
↑ 1,095,000 State Bank of India (Financial Services)
Equity, Since 31 May 23 | SBIN3% ₹151 Cr 2,355,000
↑ 1,095,000 Future on Tata Power Co Ltd
Derivatives | -3% -₹131 Cr 3,337,875
↑ 280,125 Tata Power Co Ltd (Utilities)
Equity, Since 30 Jun 20 | 5004003% ₹130 Cr 3,337,875
↑ 280,125 Future on Canara Bank
Derivatives | -3% -₹121 Cr 2,492,100
↑ 118,800 7. 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 (28 Mar 24) ₹17.7759 ↑ 0.01 (0.07 %) Net Assets (Cr) ₹8,768 on 29 Feb 24 Category Hybrid - Arbitrage AMC Edelweiss Asset Management Limited Rating ☆☆☆☆☆ Risk Moderately Low Expense Ratio 1.08 Sharpe Ratio 1.2 Information Ratio -0.53 Alpha Ratio -0.09 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 28 Feb 19 ₹10,000 29 Feb 20 ₹10,656 28 Feb 21 ₹11,044 28 Feb 22 ₹11,508 28 Feb 23 ₹12,038 29 Feb 24 ₹12,950 Returns for Edelweiss Arbitrage Fund
absolute basis
& more than 1 year are on CAGR (Compound Annual Growth Rate)
basis. as on 28 Mar 24 Duration Returns 1 Month 0.5% 3 Month 2.2% 6 Month 3.9% 1 Year 7.8% 3 Year 5.6% 5 Year 5.4% 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 7.19 Yr. Bhavesh Jain 27 Jun 14 9.68 Yr. Bhavin Patadia 1 Mar 23 1 Yr. Data below for Edelweiss Arbitrage Fund as on 29 Feb 24
Asset Allocation
Asset Class Value Cash 92.91% Debt 7.48% Equity Sector Allocation
Sector Value Financial Services 20.82% Energy 12.08% Basic Materials 11.07% Industrials 9.88% Consumer Cyclical 4.49% Communication Services 4.21% Technology 3.86% Health Care 3.47% Utility 2.37% Consumer Defensive 2.13% Real Estate 1.19% Debt Sector Allocation
Sector Value Cash Equivalent 88.73% Government 8.7% Corporate 2.96% Credit Quality
Rating Value AAA 100% Top Securities Holdings / Portfolio
Name Holding Value Quantity Future on HDFC Bank Ltd
Derivatives | -8% -₹723 Cr 5,106,750
↑ 2,376,000 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Mar 21 | HDFCBANK8% ₹717 Cr 5,106,750
↑ 2,376,000 Edelweiss Liquid Dir Gr
Investment Fund | -3% ₹301 Cr 971,942
↑ 971,942 Future on Reliance Industries Ltd
Derivatives | -3% -₹297 Cr 1,010,250
↑ 547,250 Reliance Industries Ltd (Energy)
Equity, Since 30 Apr 18 | RELIANCE3% ₹295 Cr 1,010,250
↑ 547,250 Future on Adani Enterprises Ltd
Derivatives | -3% -₹268 Cr 808,500
↑ 55,500 Adani Enterprises Ltd (Energy)
Equity, Since 30 Apr 23 | 5125993% ₹266 Cr 808,500
↑ 55,500 Future on Oil & Natural Gas Corp Ltd
Derivatives | -3% -₹246 Cr 9,232,300
↓ -4,585,350 Oil & Natural Gas Corp Ltd (Energy)
Equity, Since 31 Oct 22 | 5003123% ₹244 Cr 9,232,300
↓ -4,585,350 Future on Coal India Ltd
Derivatives | -2% -₹197 Cr 4,473,000
↑ 2,345,700 8. 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 (28 Mar 24) ₹31.442 ↑ 0.02 (0.08 %) Net Assets (Cr) ₹17,500 on 29 Feb 24 Category Hybrid - Arbitrage AMC ICICI Prudential Asset Management Company Limited Rating ☆☆☆☆ Risk Moderate Expense Ratio 0.97 Sharpe Ratio 1.06 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 28 Feb 19 ₹10,000 29 Feb 20 ₹10,639 28 Feb 21 ₹11,000 28 Feb 22 ₹11,464 28 Feb 23 ₹11,980 29 Feb 24 ₹12,875 Returns for ICICI Prudential Equity Arbitrage Fund
absolute basis
& more than 1 year are on CAGR (Compound Annual Growth Rate)
basis. as on 28 Mar 24 Duration Returns 1 Month 0.5% 3 Month 2.1% 6 Month 3.8% 1 Year 7.7% 3 Year 5.5% 5 Year 5.3% 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 3.17 Yr. Nikhil Kabra 29 Dec 20 3.17 Yr. Sharmila D’mello 31 Jul 22 1.59 Yr. Archana Nair 1 Feb 24 0.08 Yr. Kaivalya Nadkarni 1 Feb 24 0.08 Yr. Data below for ICICI Prudential Equity Arbitrage Fund as on 29 Feb 24
Asset Allocation
Asset Class Value Cash 97.29% Debt 3.06% Other 0.01% Equity Sector Allocation
Sector Value Financial Services 20.84% Basic Materials 10.68% Industrials 8.68% Energy 8.06% Consumer Cyclical 5.02% Health Care 4.63% Utility 4.32% Consumer Defensive 3.75% Technology 3.18% Communication Services 2.17% Real Estate 0.76% Debt Sector Allocation
Sector Value Cash Equivalent 92.63% Corporate 4.74% Government 2.97% Securitized 0% Credit Quality
Rating Value AAA 100% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Pru Savings Dir Gr
Investment Fund | -5% ₹811 Cr 16,474,508 Future on HDFC Bank Ltd
Derivatives | -4% -₹697 Cr 4,736,050
↑ 709,500 HDFC Bank Ltd (Financial Services)
Equity, Since 30 Nov 21 | HDFCBANK4% ₹693 Cr 4,736,050
↑ 709,500 Future on Reliance Industries Ltd
Derivatives | -3% -₹570 Cr 1,983,250
↓ -51,750 Reliance Industries Ltd (Energy)
Equity, Since 31 Aug 18 | RELIANCE3% ₹566 Cr 1,983,250
↓ -51,750 364 DTB 14032024
Sovereign Bonds | -3% ₹471 Cr 47,500,000
↑ 47,500,000 Future on Adani Ports & Special Economic Zone Ltd
Derivatives | -2% -₹395 Cr 3,256,800
↑ 3,256,800 Adani Ports & Special Economic Zone Ltd (Industrials)
Equity, Since 31 Aug 19 | ADANIPORTS2% ₹393 Cr 3,256,800
↑ 270,400 Future on ICICI Bank Ltd
Derivatives | -2% -₹293 Cr 2,834,300
↓ -1,050,700 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 19 | ICICIBANK2% ₹291 Cr 2,834,300
↓ -1,050,700 9. 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 (28 Mar 24) ₹24.368 ↑ 0.02 (0.09 %) Net Assets (Cr) ₹10,668 on 29 Feb 24 Category Hybrid - Arbitrage AMC Birla Sun Life Asset Management Co Ltd Rating ☆☆☆ Risk Moderate Expense Ratio 1.03 Sharpe Ratio 1.12 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 28 Feb 19 ₹10,000 29 Feb 20 ₹10,662 28 Feb 21 ₹11,011 28 Feb 22 ₹11,468 28 Feb 23 ₹11,972 29 Feb 24 ₹12,866 Returns for Aditya Birla Sun Life Arbitrage Fund
absolute basis
& more than 1 year are on CAGR (Compound Annual Growth Rate)
basis. as on 28 Mar 24 Duration Returns 1 Month 0.5% 3 Month 2.1% 6 Month 3.8% 1 Year 7.7% 3 Year 5.4% 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 9.22 Yr. Pranav Gupta 31 Mar 23 0.92 Yr. Data below for Aditya Birla Sun Life Arbitrage Fund as on 29 Feb 24
Asset Allocation
Asset Class Value Cash 99.32% Debt 1.09% Other 0.04% Equity Sector Allocation
Sector Value Financial Services 26.42% Basic Materials 13.53% Industrials 8.79% Energy 7.15% Communication Services 5.26% Health Care 3.96% Technology 3.78% Consumer Cyclical 2.7% Utility 2.44% Consumer Defensive 1.84% Real Estate 1.13% Debt Sector Allocation
Sector Value Cash Equivalent 91.02% Corporate 6.12% Government 3.26% Credit Quality
Rating Value AAA 100% Top Securities Holdings / Portfolio
Name Holding Value Quantity Aditya BSL Money Mgr Dir Gr
Investment Fund | -21% ₹2,285 Cr 67,576,762
↑ 25,231,693 Future on HDFC Bank Ltd
Derivatives | -8% -₹807 Cr 5,709,000
↑ 1,791,900 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Dec 21 | HDFCBANK8% ₹801 Cr 5,709,000
↑ 1,791,900 Reliance_(28/03/2024)
Derivatives | -3% -₹362 Cr 1,230,250
↑ 1,230,250 Reliance Industries Ltd (Energy)
Equity, Since 30 Jun 18 | RELIANCE3% ₹359 Cr 1,230,250
↑ 131,250 Sbin_(28/03/2024)
Derivatives | -3% -₹327 Cr 4,332,000
↑ 4,332,000 State Bank of India (Financial Services)
Equity, Since 15 Jan 23 | SBIN3% ₹324 Cr 4,332,000
↓ -1,420,500 Tcs_(28/03/2024)
Derivatives | -3% -₹317 Cr 768,775
↑ 768,775 Tata Consultancy Services Ltd (Technology)
Equity, Since 31 Jul 23 | TCS3% ₹315 Cr 768,775
↓ -19,075 Lt_(28/03/2024)
Derivatives | -3% -₹282 Cr 806,700
↑ 806,700 10. IDFC Arbitrage Fund
CAGR/Annualized
return of 6.5% since its launch. Ranked 17 in Arbitrage
category. Return for 2023 was 7.1% , 2022 was 4.1% and 2021 was 3.5% . IDFC Arbitrage Fund
Growth Launch Date 21 Dec 06 NAV (28 Mar 24) ₹29.7703 ↑ 0.02 (0.07 %) Net Assets (Cr) ₹5,768 on 29 Feb 24 Category Hybrid - Arbitrage AMC IDFC Asset Management Company Limited Rating ☆ Risk Moderately Low Expense Ratio 1.05 Sharpe Ratio 1.11 Information Ratio 0 Alpha Ratio 0 Min Investment 100 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 28 Feb 19 ₹10,000 29 Feb 20 ₹10,653 28 Feb 21 ₹10,961 28 Feb 22 ₹11,389 28 Feb 23 ₹11,894 29 Feb 24 ₹12,781 Returns for IDFC Arbitrage Fund
absolute basis
& more than 1 year are on CAGR (Compound Annual Growth Rate)
basis. as on 28 Mar 24 Duration Returns 1 Month 0.5% 3 Month 2.1% 6 Month 3.8% 1 Year 7.7% 3 Year 5.4% 5 Year 5.1% 10 Year 15 Year Since launch 6.5% Historical performance (Yearly) on absolute basis
Year Returns 2023 7.1% 2022 4.1% 2021 3.5% 2020 3.8% 2019 6.2% 2018 6.3% 2017 5.5% 2016 6.3% 2015 7.4% 2014 8.5% Fund Manager information for IDFC Arbitrage Fund
Name Since Tenure Harshal Joshi 20 Oct 16 7.37 Yr. Nemish Sheth 26 Nov 21 2.26 Yr. Sreejith Balasubramanian 31 Aug 23 0.5 Yr. Ritika Behera 7 Oct 23 0.4 Yr. Data below for IDFC Arbitrage Fund as on 29 Feb 24
Asset Allocation
Asset Class Value Cash 88.38% Debt 11.96% Other 0.03% Equity Sector Allocation
Sector Value Financial Services 22.04% Basic Materials 9.15% Energy 7.34% Industrials 7.16% Health Care 5.58% Consumer Defensive 4.36% Communication Services 4.23% Consumer Cyclical 3.72% Technology 3.27% Utility 2.65% Real Estate 1.18% Debt Sector Allocation
Sector Value Cash Equivalent 79.68% Corporate 13.17% Government 7.27% Securitized 0.21% Credit Quality
Rating Value AAA 100% Top Securities Holdings / Portfolio
Name Holding Value Quantity Bandhan Money Manager Dir Gr
Investment Fund | -12% ₹693 Cr 176,052,123
↑ 22,923,478 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Mar 22 | HDFCBANK6% ₹346 Cr 2,464,000
↑ 356,950 Hdfc Bank Limited April 2024 Future
Derivatives | -4% -₹236 Cr 1,659,350
↑ 1,659,350 Bandhan Ultra Short Term Dir Gr
Investment Fund | -3% ₹177 Cr 127,143,826 Future on Reliance Industries Ltd
Derivatives | -3% -₹164 Cr 558,000
↑ 93,000 Reliance Industries Ltd (Energy)
Equity, Since 31 Mar 18 | RELIANCE3% ₹163 Cr 558,000
↑ 93,000 Future on Adani Enterprises Ltd
Derivatives | -3% -₹158 Cr 476,700
↓ -69,600 Adani Enterprises Ltd (Energy)
Equity, Since 30 Sep 23 | 5125993% ₹157 Cr 476,700
↓ -69,600 National Bank For Agriculture And Rural Development
Debentures | -3% ₹147 Cr 15,000,000 Hdfc Bank Limited March 2024 Future
Derivatives | -2% -₹114 Cr 804,650
↑ 792,000
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