Edelweiss Arbitrage Fund Direct Growth
Hybrid
Direct
Arbitrage Fund
NAV: ₹ 19.12 as on 16-05-2024
About the Fund
Edelweiss Arbitrage Fund Direct Growth is a hybrid fund. This fund was started on 27 June, 2014. The fund is managed by Dhawal Dalal, Bhavesh Jain. This fund gives you the benefit of diversification.
Key Parameters
- Edelweiss Arbitrage Fund Direct Growth has ₹10243 Cr worth of assets under management (AUM) as on Apr 2024 and is more than category average.
- The fund has an expense ratio 0.4.
Fund Performance
544 people have invested ₹ 11.5Cr in Edelweiss Arbitrage Fund Direct Growth in the last three months
Overview
 | 0.37% |
 Benchmark | NIFTY 50 Arbitrage PR INR |
 | ₹10243 Cr |
 | 27 June, 2014 |
 | ₹100/₹100 |
 Exit Load | 0.1% |
 | No Lock-in |
 TurnOver | 440.65% |
Edelweiss Arbitrage Fund Direct Growth Distribution as on (30-Apr-24)
Credit rating breakup
AAA
100%
Sector Allocation
Cash Equivalent
92.8%
Government
4.3%
Corporate
2.9%
Top Holdings of Edelweiss Arbitrage Fund Direct Growth as on (30-Apr-24)
Equity Holdings166
Debt Holdings21
Monthly Changes Updates
All changes are between Oct'69 and Dec'69
AUM Change
- AUM of the fund stands at 10.2K Cr as of Apr'24
- AUM increased by 1.1K Cr between Apr'24 and Mar'24
Fund Portfolio Changes
Mutual Fund Insights
In the last 3 years, Invesco India Arbitrage Fund Direct Plan Growth Option has given 6.59% return, outperforming this fund by 0.16% per annum.
In the last 5 years, Tata Arbitrage Fund Direct Growth has given 6.14% return, outperforming this fund by 0.07% per annum.
Over the last 1 month, this fund has increased expense ratio by 5.7% moving from 0.35 to 0.37.
In the last 1 year, Kotak Equity Arbitrage Fund Direct Growth has given 8.52% return, outperforming this fund by 0.1%.
This fund has one of the lowest expense ratio in the category (arbitrage fund). Its expense ratio is 0.37% which is lower than the category average expense ratio of 0.7%.
Over the last 6 months, this fund has experienced a 45.6% growth in AUM moving from 7.03K Cr to 10.24K Cr.
Peer Analysis
Fund Manager
Dhawal Dalal
Fund Manager of Edelweiss Arbitrage Fund Direct Growth, since 22 December 2016
Top funds managed
Bhavesh Jain
Fund Manager of Edelweiss Arbitrage Fund Direct Growth, since 27 June 2014
Top funds managed
Edelweiss Arbitrage Fund Direct Growth Highlights
Low Risk
Investors understand that their principal will be at Low Risk
About the fund
This fund has delivered an average annual returns of 6.77% since inception which is more than its category average return of 5.19%
AUM size ₹10243 Cr
This fund has AUM of ₹10243 Cr which is more than its category average of ₹ 6327 Cr
Expense Ratio 0.37%
This fund has an expense ratio of 0.37% which is less than its category average expense ratio of 0.71%
Frequently Asked Questions
The current NAV of Edelweiss Arbitrage Fund Direct Growth is ₹19.12 as on 16-May-2024.
Existing (Absolute + CAGR) as on 16-May-2024.
Edelweiss Arbitrage Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 0.52% | 0.52% |
6 Month Returns | 4.16% | 4.16% |
1 Year Returns | 8.43% | 8.43% |
3 Years Returns | 20.55% | 6.43% |
5 Years Returns | 34.29% | 6.07% |
With INDmoney, the process of investing is very simple and involves zero commission.
- Click Buy on the fund name.
- Input the amount you are looking to invest.
- Select Lump Sum or SIP (Weekly, Monthly or Quarterly).
- Select your bank account and proceed with Payment.
0.37% as on April 2024
₹10243 Cr as on April 2024
HDFC Bank Ltd(8.45%), Edelweiss Liquid Dir Gr(6.43%), Reliance Industries Ltd(3.1%), Adani Enterprises Ltd(2.29%), Bharti Airtel Ltd(2.11%) as on April 2024
Cash Equivalent(93.17%), Government(4.32%), Corporate(2.9%) as on April 2024
AAA | 100 |
Dhawal Dalal, Bhavesh Jain are the fund managers of Edelweiss Arbitrage Fund Direct Growth
The Exit load of Edelweiss Arbitrage Fund Direct Growth is 0.1%