HSBC Arbitrage Fund Direct Growth
Hybrid
Direct
Arbitrage Fund
NAV: ₹ 18.73 as on 16-05-2024
About the Fund
HSBC Arbitrage Fund Direct Growth is a hybrid fund. This fund was started on 30 June, 2014. The fund is managed by Praveen Ayathan. This fund gives you the benefit of diversification.
Key Parameters
- HSBC Arbitrage Fund Direct Growth has ₹2111 Cr worth of assets under management (AUM) as on Apr 2024 and is less than category average.
- The fund has an expense ratio 0.3.
Fund Performance
36 people have invested ₹ 21.2L in HSBC Arbitrage Fund Direct Growth in the last three months
Overview
 | 0.27% |
 Benchmark | NIFTY 50 Arbitrage TR INR |
 | ₹2111 Cr |
 | 30 June, 2014 |
 | ₹5000/₹500 |
 Exit Load | 0.25% |
 | No Lock-in |
 TurnOver | 306.46% |
HSBC Arbitrage Fund Direct Growth Distribution as on (30-Apr-24)
Credit rating breakup
AAA
100%
Sector Allocation
Corporate
38.1%
Cash Equivalent
31.5%
Government
30.3%
Top Holdings of HSBC Arbitrage Fund Direct Growth as on (30-Apr-24)
Equity Holdings111
Debt Holdings10
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 Kotak Mahindra Bank Ltd | 6.51% | 39.3% | |
 HDFC Bank Ltd | 6.51% | -8.4% | |
 Vedanta Ltd | 5.67% | 0.4% | |
 Reliance Industries Ltd | 4.89% | -5.6% | |
 Canara Bank | 2.87% | 18.8% |
See all
Monthly Changes Updates
All changes are between Oct'69 and Dec'69
AUM Change
- AUM of the fund stands at 2K Cr as of Apr'24
- AUM decreased by 8.5 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 0.5% per annum.
In the last 5 years, Tata Arbitrage Fund Direct Growth has given 6.14% return, outperforming this fund by 0.28% per annum.
Over the last 6 months, this fund has experienced a 19.5% growth in AUM moving from 1.76K Cr to 2.11K Cr.
This fund has one of the lowest expense ratio in the category (arbitrage fund). Its expense ratio is 0.27% which is lower than the category average expense ratio of 0.7%.
Over the last 15 months, this fund has decreased expense ratio by 22.9% moving from 0.35 to 0.27.
In the last 1 year, Kotak Equity Arbitrage Fund Direct Growth has given 8.52% return, outperforming this fund by 0.33%.
Peer Analysis
Fund Manager
Praveen Ayathan
Fund Manager of HSBC Arbitrage Fund Direct Growth, since 30 June 2014
Top funds managed
HSBC 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 6.55% since inception which is more than its category average return of 5.19%
AUM size ₹2111 Cr
This fund has AUM of ₹2111 Cr which is less than its category average of ₹ 6327 Cr
Expense Ratio 0.27%
This fund has an expense ratio of 0.27% which is less than its category average expense ratio of 0.71%
Frequently Asked Questions
The current NAV of HSBC Arbitrage Fund Direct Growth is ₹18.73 as on 16-May-2024.
Existing (Absolute + CAGR) as on 16-May-2024.
HSBC Arbitrage Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 0.51% | 0.51% |
6 Month Returns | 4% | 4% |
1 Year Returns | 8.19% | 8.19% |
3 Years Returns | 19.41% | 6.09% |
5 Years Returns | 32.91% | 5.85% |
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.
0.27% as on April 2024
₹2111 Cr as on April 2024
HDFC Bank Ltd(6.51%), Kotak Mahindra Bank Ltd(6.51%), Vedanta Ltd(5.67%), Reliance Industries Ltd(4.89%), HSBC Ultra Short Duration Gr Dir(4.44%) as on April 2024
Cash Equivalent(83.69%), Corporate(9.17%), Government(7.14%) as on April 2024
AAA | 100 |
Praveen Ayathan is the fund manager of HSBC Arbitrage Fund Direct Growth
The Exit load of HSBC Arbitrage Fund Direct Growth is 0.25%