Axis Arbitrage Fund Direct Growth

Axis Arbitrage Fund Direct Growth is a hybrid fund. This fund was started on 14 August, 2014. The fund is managed by Devang Shah, Ashish Naik, Sachin Jain. This fund gives you the benefit of diversification.

1. Axis Arbitrage Fund Direct Growth has ₹5515 Cr worth of assets under management (AUM) as on Oct 2024 and is less than category average.
2. The fund has an expense ratio 0.3.
   

Axis Arbitrage Fund Direct Growth has given a CAGR return of 6.69% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 8.36%, 6.92% and 6.01% respectively.

Axis Arbitrage Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Basic Materials, Industrial, Consumer Cyclical, Tech, Energy, Corporate, Utilities, Communication, Health, Government, Real Estate, Consumer Defensive.

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 benefit
Gains up to Rs 1 lakh are exempt from taxation (more than 12 months).

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.

Minimum investment for lump sum payment is INR 500.00 and for SIP is INR 100.00. Axis Arbitrage Fund Direct Growth has no lock in period.