Hybrid
Direct
Arbitrage Fund
NAV as on 04-09-2024
₹ 34.66
Inception Returns
7%
/yr
ICICI Prudential Equity Arbitrage Fund Direct Growth is a hybrid fund. This fund was started on 1 January, 2013. The fund is managed by Nikhil Kabra, Rohan Maru. This fund gives you the benefit of diversification.
ICICI Prudential Equity Arbitrage Fund Direct Growth has given a CAGR return of 7.03% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 8.28%, 6.54% and 5.85% respectively.
ICICI Prudential Equity Arbitrage Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Industrial, Corporate, Basic Materials, Energy, Consumer Cyclical, Communication, Tech, Health, Utilities, Consumer Defensive, Government, Real Estate, 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).
To generate low volatility returns by using arbitrage and other derivative strategies in equity markets and investments in debt and money market instruments. However there can be no assurance or guarantee that the investment objective of the scheme would be achieved.
Minimum investment for lump sum payment is INR 5000.00 and for SIP is INR 1000.00. ICICI Prudential Equity Arbitrage Fund Direct Growth has no lock in period.
Expense ratio | 0.32% |
Benchmark | NIFTY 50 Arbitrage TR INR |
AUM | ₹23542 Cr |
Inception Date | 1 January, 2013 |
Min Lumpsum/SIP | ₹5000/₹1000 |
Exit Load | 0.2% |
Lock In | No Lock-in |
TurnOver | 177.57% |
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 (04-Sep-24)
as on (31-Jul-24)
Top 3 Sectors in July were Financial Services, Industrial & Basic Materials
ICICI Prudential Equity Arbitrage Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 0.57% | 0.57% |
6 Month Returns | 4.15% | 4.15% |
1 Year Returns | 8.28% | 8.28% |
3 Years Returns | 20.92% | 6.54% |
5 Years Returns | 32.89% | 5.85% |
AAA | 100 |