Hybrid
Direct
Arbitrage Fund
NAV as on 05-09-2024
₹ 19.13
▲0.1%
1D
Inception Returns
6.7%
/yr
Axis Arbitrage Fund Direct Growth is a hybrid fund. This fund was started on 14 August, 2014. The fund is managed by Devang Shah, Sachin Jain, Ashish Naik. This fund gives you the benefit of diversification.
Axis Arbitrage Fund Direct Growth has given a CAGR return of 6.66% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 8.36%, 6.67% and 5.96% respectively.
Axis Arbitrage Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Industrial, Corporate, Basic Materials, Energy, Communication, Tech, Health, Government, Utilities, Consumer Defensive, Real Estate, Consumer Cyclical.
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).
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.
Expense ratio | 0.31% |
Benchmark | NIFTY 50 Arbitrage TR INR |
AUM | ₹5605 Cr |
Inception Date | 14 August, 2014 |
Min Lumpsum/SIP | ₹500/₹100 |
Exit Load | 0.2% |
Lock In | No Lock-in |
TurnOver | 1491.92% |
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, Industrial & Corporate
Axis Arbitrage Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 0.56% | 0.56% |
6 Month Returns | 4.1% | 4.1% |
1 Year Returns | 8.36% | 8.36% |
3 Years Returns | 21.37% | 6.67% |
5 Years Returns | 33.58% | 5.96% |
AAA | 100 |