Hybrid
Direct
Arbitrage Fund
NAV as on 05-09-2024
₹ 26.94
Inception Returns
7%
/yr
Aditya Birla Sun Life Arbitrage Fund Direct Growth is a hybrid fund. This fund was started on 1 January, 2013. The fund is managed by Lovelish Solanki. This fund gives you the benefit of diversification.
Aditya Birla Sun Life Arbitrage Fund Direct Growth has given a CAGR return of 6.97% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 8.37%, 6.56% and 5.93% respectively.
Aditya Birla Sun Life Arbitrage Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Corporate, Basic Materials, Industrial, Energy, Communication, Tech, Consumer Cyclical, Health, Consumer Defensive, Government, Real Estate, Utilities, Securitize.
As it is a arbitrage fund mutual fund the taxation is as follows:If the fund is equity oriented i.e. asset allocation of more than 65% in equity instruments:For short term (less than a year) capital gains will be taxed at 15%For long term (more than 1 year) capital gains will be taxed at 10% without indexation benefitGains up to Rs 1 lakh are exempt from taxation (more than 12 months).
The Scheme seeks 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 & Future).
Minimum investment for lump sum payment is INR 1000.00 and for SIP is INR 100.00. Aditya Birla Sun Life Arbitrage Fund Direct Growth has no lock in period.
Expense ratio | 0.29% |
Benchmark | NIFTY 50 Arbitrage TR INR |
AUM | ₹13209 Cr |
Inception Date | 1 January, 2013 |
Min Lumpsum/SIP | ₹1000/₹100 |
Exit Load | 0.2% |
Lock In | No Lock-in |
TurnOver | 1589.21% |
STCG | Redeeming before 1 year, returns taxed at 20%. |
LTCG | After 1 year, 12.5% tax on returns over ₹1.25 lakh/year. |
Risk | Low Risk |
as on (05-Sep-24)
as on (31-Jul-24)
Top 3 Sectors in July were Financial Services, Basic Materials & Corporate
Aditya Birla Sun Life Arbitrage Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 0.56% | 0.56% |
6 Month Returns | 4.08% | 4.08% |
1 Year Returns | 8.37% | 8.37% |
3 Years Returns | 21.01% | 6.56% |
5 Years Returns | 33.37% | 5.93% |
AAA | 100 |