ICICI Prudential Equity Arbitrage Fund Direct Plan Growth
Hybrid
Direct
Arbitrage Fund
NAV: ₹ 33.83 as on 16-05-2024
About the Fund
ICICI Prudential Equity Arbitrage Fund Direct Plan Growth is a hybrid fund. This fund was started on 1 January, 2013. The fund is managed by Rohan Maru, Nikhil Kabra. This fund gives you the benefit of diversification.
Key Parameters
- ICICI Prudential Equity Arbitrage Fund Direct Plan Growth has ₹19733 Cr worth of assets under management (AUM) as on Apr 2024 and is more than category average.
- The fund has an expense ratio 0.3.
Fund Performance
247 people have invested ₹ 9.4Cr in ICICI Prudential Equity Arbitrage Fund Direct Plan Growth in the last three months
Overview
 | 0.3% |
 Benchmark | NIFTY 50 Arbitrage TR INR |
 | ₹19733 Cr |
 | 1 January, 2013 |
 | ₹5000/₹1000 |
 Exit Load | 0.25% |
 | No Lock-in |
 TurnOver | 177.57% |
ICICI Prudential Equity Arbitrage Fund Direct Plan Growth Distribution as on (30-Apr-24)
Credit rating breakup
AAA
100%
Sector Allocation
Cash Equivalent
80.7%
Corporate
14.5%
Government
4.9%
Securitize
0%
Top Holdings of ICICI Prudential Equity Arbitrage Fund Direct Plan Growth as on (30-Apr-24)
Equity Holdings153
Debt Holdings15
Monthly Changes Updates
All changes are between Oct'69 and Dec'69
AUM Change
- AUM of the fund stands at 19.7K Cr as of Apr'24
- AUM increased by 2K Cr between Apr'24 and Mar'24
Fund Portfolio Changes
Mutual Fund Insights
Over the last 3 months, this fund has decreased expense ratio by 23.1% moving from 0.39 to 0.30.
In the last 5 years, Tata Arbitrage Fund Direct Growth has given 6.14% return, outperforming this fund by 0.35% per annum.
This fund has one of the lowest expense ratio in the category (arbitrage fund). Its expense ratio is 0.3% which is lower than the category average expense ratio of 0.7%.
Over the last 6 months, this fund has experienced a 28.5% growth in AUM moving from 15.35K Cr to 19.73K Cr.
In the last 1 year, Kotak Equity Arbitrage Fund Direct Growth has given 8.52% return, outperforming this fund by 0.35%.
In the last 3 years, Invesco India Arbitrage Fund Direct Plan Growth Option has given 6.59% return, outperforming this fund by 0.4% per annum.
Peer Analysis
Fund Manager
Rohan Maru
Fund Manager of ICICI Prudential Equity Arbitrage Fund Direct Plan Growth, since 29 December 2020
Top funds managed
Nikhil Kabra
Fund Manager of ICICI Prudential Equity Arbitrage Fund Direct Plan Growth, since 29 December 2020
Top funds managed
ICICI Prudential Equity Arbitrage Fund Direct Plan 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 7% since inception which is more than its category average return of 5.19%
AUM size ₹19733 Cr
This fund has AUM of ₹19733 Cr which is more than its category average of ₹ 6327 Cr
Expense Ratio 0.3%
This fund has an expense ratio of 0.3% which is less than its category average expense ratio of 0.71%
Frequently Asked Questions
The current NAV of ICICI Prudential Equity Arbitrage Fund Direct Plan Growth is ₹33.83 as on 16-May-2024.
Existing (Absolute + CAGR) as on 16-May-2024.
ICICI Prudential Equity Arbitrage Fund Direct Plan Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 0.51% | 0.51% |
6 Month Returns | 4% | 4% |
1 Year Returns | 8.17% | 8.17% |
3 Years Returns | 19.73% | 6.19% |
5 Years Returns | 32.51% | 5.79% |
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.
0.3% as on April 2024
₹19733 Cr as on April 2024
ICICI Pru Money Market Dir Gr(7.71%), HDFC Bank Ltd(6.7%), ICICI Pru Savings Dir Gr(4.2%), Kotak Mahindra Bank Ltd(3.05%), Reliance Industries Ltd(2.77%) as on April 2024
Cash Equivalent(80.96%), Corporate(14.51%), Government(4.89%) as on April 2024
AAA | 100 |
Rohan Maru, Nikhil Kabra are the fund managers of ICICI Prudential Equity Arbitrage Fund Direct Plan Growth
The Exit load of ICICI Prudential Equity Arbitrage Fund Direct Plan Growth is 0.25%