Fincash » Nippon India Arbitrage Fund Vs ICICI Prudential Equity Arbitrage Fund
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Nippon India Arbitrage Fund Vs ICICI Prudential Equity Arbitrage Fund
Nippon India Arbitrage Fund (Formerly known as Reliance Arbitrage Fund)and ICICI Prudential Equity Arbitrage Fund both belong to the arbitrage category of Hybrid Fund. Arbitrage funds are a type of Mutual Funds that leverage on the price differences of different markets to earn profits. Arbitrage Funds are named after the arbitrage strategy that they use. 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. Though both Reliance/Nippon India Arbitrage Fund Vs ICICI Prudential Equity Arbitrage Fund belong to the same category there differ in some parameters like AUM, NAV, performances, etc. So, to make a better investment decision, let's have a look at both the schemes in a detailed manner.
Nippon India Arbitrage Fund (Formerly Reliance Arbitrage Fund)
Important Information: From October 2019, Reliance Mutual Fund has been renamed as Nippon India Mutual Fund. Nippon Life has acquired majority (75%) stakes in Reliance Nippon Asset Management (RNAM). The company will continue to run its operations without any change in structure and management.
Nippon India Arbitrage Advantage Fund was launched in the year 2010. The fund seeks to generate Income by taking advantage of the arbitrage opportunities that potentially exists between cash and derivative market. As the fund also invests in debt and money market securities, it profits from regular income.
Some of the top holdings of Reliance/Nippon Arbitrage Fund as on 30th June 2018 are Cash Offset For Derivatives, HDFC Bank Ltd, Housing Development Finance Corp Ltd, Axis Bank Ltd, ICICI Bank Ltd. etc.
ICICI Prudential Equity Arbitrage Fund
ICICI Prudential Equity Arbitrage Fund was launched in the year 2006. The aim of the fund is to generate low volatility returns by using arbitrage and other derivative strategies in equity markets and investments in short-term debt Portfolio.
Some of the top holdings of the fund as on 30th June 2018 are Cash Offset For Derivatives, Housing Development Finance Corp Ltd, Sun Pharmaceuticals Industries Ltd, Housing Development Finance Corporation Limited, etc.
Nippon India Arbitrage Fund Vs ICICI Prudential Equity Arbitrage Fund
Both Nippon India Arbitrage Fund Vs ICICI Prudential Equity Arbitrage Fund belong to the same category of arbitrage fund. However, there are numerous differences between them. So, let us analyze the differences between both the schemes on the Basis of four sections given below.
Basics Section
Being the first section, it compares parameters such as current NAV, AUM, scheme category, Fincash Rating, and many more. With respect the sub category, both the scheme belong to Arbitrage Category
Based on Fincash Rating, it can be said that both the funds are rated as 4-Star.
The summary of the basics section is tabulated as follows.
Parameters Basics NAV Net Assets (Cr) Launch Date Rating Category Sub Cat. Category Rank Risk Expense Ratio Sharpe Ratio Information Ratio Alpha Ratio Benchmark Exit Load Nippon India Arbitrage Fund
Growth
Fund Details ₹26.4911 ↑ 0.02 (0.07 %) ₹14,113 on 30 Apr 25 14 Oct 10 ☆☆☆☆ Hybrid Arbitrage 3 Moderately Low 1.07 0.86 0 0 Not Available 0-1 Months (0.25%),1 Months and above(NIL) ICICI Prudential Equity Arbitrage Fund
Growth
Fund Details ₹34.2441 ↑ 0.02 (0.07 %) ₹26,918 on 30 Apr 25 30 Dec 06 ☆☆☆☆ Hybrid Arbitrage 4 Moderate 0.97 1.62 0 0 Not Available 0-1 Months (0.25%),1 Months and above(NIL)
Performance Section
Compounded Annual Growth Rate or CAGR returns is the comparable parameter forming part of the basics section. The CAGR returns are compared at different time intervals such as 1 Month Return, 6 Month Return, 3 Year Return, and Return since Inception. The comparison of performance section shows that Reliance Arbitrage Fund has performed better than ICICI Prudential Equity Arbitrage Fund. The table given below summarizes the comparison of the performance section.
Parameters Performance 1 Month 3 Month 6 Month 1 Year 3 Year 5 Year Since launch Nippon India Arbitrage Fund
Growth
Fund Details 0.6% 1.7% 3.4% 6.8% 6.7% 5.5% 6.9% ICICI Prudential Equity Arbitrage Fund
Growth
Fund Details 0.7% 1.8% 3.6% 7.1% 6.9% 5.5% 6.9%
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Yearly Performance Section
The comparison of the absolute returns for a particular year earned by both the schemes is done in the yearly performance section. The comparison of absolute returns states that both the funds have n performed closely. The table given below shows the summary comparison of the absolute returns section.
Parameters Yearly Performance 2024 2023 2022 2021 2020 Nippon India Arbitrage Fund
Growth
Fund Details 7.5% 7% 4.2% 3.8% 4.3% ICICI Prudential Equity Arbitrage Fund
Growth
Fund Details 7.6% 7.1% 4.2% 3.9% 4.3%
Other Details Section
Being the last section in the comparison, it includes parameters such as minimum SIP investment and minimum lumpsum investment. The minimum lump sum investment for both the schemes is same, that is, INR 5,000. However, the minimum SIP investment is different for both the schemes. The SIP amount in case of ICICI Prudential Equity Arbitrage Fund is INR 1,000 and of Reliance Arbitrage Fund is INR 100.
ICICI Prudential Equity Arbitrage Fund is jointly managed by Kayzad Eghlim and Manish Banthia.
The fund is currently managed jointly by Payal Kaipunjal and Kinjal Desai.
The summary comparison of the other details section is tabulated as follows.
Parameters Other Details Min SIP Investment Min Investment Fund Manager Nippon India Arbitrage Fund
Growth
Fund Details ₹100 ₹5,000 Vikash Agarwal - 0.71 Yr. ICICI Prudential Equity Arbitrage Fund
Growth
Fund Details ₹1,000 ₹5,000 Nikhil Kabra - 4.42 Yr.
Growth of 10k Investments over the years
Nippon India Arbitrage Fund
Growth
Fund Details Growth of 10,000 investment over the years.
Date Value 31 May 20 ₹10,000 31 May 21 ₹10,296 31 May 22 ₹10,684 31 May 23 ₹11,261 31 May 24 ₹12,115 31 May 25 ₹12,945 ICICI Prudential Equity Arbitrage Fund
Growth
Fund Details Growth of 10,000 investment over the years.
Date Value 31 May 20 ₹10,000 31 May 21 ₹10,288 31 May 22 ₹10,665 31 May 23 ₹11,259 31 May 24 ₹12,116 31 May 25 ₹12,988
Detailed Portfolio Comparison
Nippon India Arbitrage Fund
Growth
Fund Details Asset Allocation
Asset Class Value Cash 96.65% Debt 3.3% Other 0.05% Equity Sector Allocation
Sector Value Financial Services 20.04% Industrials 7.95% Basic Materials 7.27% Consumer Cyclical 5.7% Energy 5.63% Health Care 5.09% Consumer Defensive 4.99% Technology 4.98% Communication Services 3.91% Utility 2.02% Real Estate 1.07% Debt Sector Allocation
Sector Value Cash Equivalent 87.46% Corporate 8.6% Government 3.89% Credit Quality
Rating Value AAA 100% Top Securities Holdings / Portfolio
Name Holding Value Quantity Nippon India Money Market Dir Gr
Investment Fund | -12% ₹1,704 Cr 4,132,789 Nippon India Liquid Dir Gr
Investment Fund | -12% ₹1,684 Cr 2,653,349
↑ 1,341,760 Reliance Industries Ltd (Energy)
Equity, Since 31 Dec 17 | RELIANCE4% ₹551 Cr 4,318,000
↓ -616,500 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 24 | ICICIBANK4% ₹493 Cr 3,655,400
↓ -529,900 Axis Bank Ltd (Financial Services)
Equity, Since 31 Jul 23 | 5322153% ₹426 Cr 3,865,000
↓ -1,173,750 Jio Financial Services Ltd (Financial Services)
Equity, Since 30 Nov 24 | JIOFIN2% ₹343 Cr 15,082,650
↑ 4,227,300 ITC Ltd (Consumer Defensive)
Equity, Since 31 Jan 25 | ITC2% ₹280 Cr 6,830,400
↑ 302,400 Hindustan Aeronautics Ltd Ordinary Shares (Industrials)
Equity, Since 30 Jun 23 | HAL2% ₹252 Cr 604,200
↓ -264,750 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jan 23 | HDFCBANK2% ₹232 Cr 1,268,300
↑ 422,950 Infosys Ltd (Technology)
Equity, Since 31 Oct 23 | INFY2% ₹230 Cr 1,464,000
↑ 274,800 ICICI Prudential Equity Arbitrage Fund
Growth
Fund Details Asset Allocation
Asset Class Value Cash 92.13% Debt 8.04% Other 0.05% Equity Sector Allocation
Sector Value Financial Services 16.75% Technology 8.51% Consumer Cyclical 7.62% Energy 7.28% Basic Materials 7.17% Industrials 5.63% Communication Services 5% Health Care 3.75% Consumer Defensive 3.51% Utility 2.08% Real Estate 1.58% Debt Sector Allocation
Sector Value Cash Equivalent 76.59% Corporate 17.7% Government 5.88% Credit Quality
Rating Value AAA 100% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Pru Money Market Dir Gr
Investment Fund | -11% ₹3,043 Cr 80,068,582 ICICI Pru Savings Dir Gr
Investment Fund | -7% ₹1,766 Cr 32,418,220 Future on Reliance Industries Ltd
Derivatives | -5% -₹1,229 Cr 8,722,500
↓ -3,311,500 Reliance Industries Ltd (Energy)
Equity, Since 31 Aug 18 | RELIANCE5% ₹1,226 Cr 8,722,500
↓ -3,311,500 Future on HDFC Bank Ltd
Derivatives | -4% -₹1,107 Cr 5,724,400
↑ 595,100 HDFC Bank Ltd (Financial Services)
Equity, Since 30 Nov 21 | HDFCBANK4% ₹1,102 Cr 5,724,400
↑ 595,100 Future on Infosys Ltd
Derivatives | -3% -₹840 Cr 5,584,800
↑ 1,951,200 Infosys Ltd (Technology)
Equity, Since 31 Oct 22 | INFY3% ₹838 Cr 5,584,800
↑ 1,951,200 Future on Bharti Airtel Ltd
Derivatives | -3% -₹817 Cr 4,370,475
↓ -281,200 Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Dec 23 | BHARTIARTL3% ₹815 Cr 4,370,475
↓ -281,200
As a result, from the above-mentioned pointers, it can be said that both the schemes differ on account of numerous parameters. Therefore, individuals should pay extra caution before Investing in any of the schemes. They should check whether the scheme matches their investment objective or not and understand its modalities completely. This will help them to achieve their goals on time along with ensuring their investment is safe.
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.
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