ITI Arbitrage Fund Direct Growth
Hybrid
Direct
Arbitrage Fund
NAV as on 21-11-2024
₹ 12.94
Inception Returns
5.1%
/yr
About ITI Arbitrage Fund Direct Growth
ITI Arbitrage Fund Direct Growth is a hybrid fund. This fund was started on 9 September, 2019. The fund is managed by Vikrant Mehta. This fund gives you the benefit of diversification.
Key Parameters
- ITI Arbitrage Fund Direct Growth has ₹38 Cr worth of assets under management (AUM) as on Oct 2024 and is less than category average.
- The fund has an expense ratio 0.2.
Returns
ITI Arbitrage Fund Direct Growth has given a CAGR return of 5.06% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 8.27%, 6.00% and 5.01% respectively.
Holdings
ITI Arbitrage Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Industrial, Consumer Cyclical, Corporate, Basic Materials, Communication, Energy, Health, Tech, Consumer Defensive.
Taxation
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).
Investment objective of ITI Arbitrage Fund Direct Growth
The investment objective of the Scheme is to generate income by predominantly investing in arbitrage opportunities in the cash and the derivative segments of the equity markets and the arbitrage opportunities available within the derivative segment and by investing the balance in debt and money market instruments. However, there is no assurance that the investment objective of the scheme will be realized
Minimum Investment and lockin period
Minimum investment for lump sum payment is INR 5000.00 and for SIP is INR 500.00. ITI Arbitrage Fund Direct Growth has no lock in period.
Historical NAV & Returns
ITI Arbitrage Fund Direct Growth Overview
| Expense ratio | 0.21% |
Benchmark | NIFTY 50 Arbitrage TR INR |
| AUM | ₹38 Cr |
| Inception Date | 9 September, 2019 |
| Min Lumpsum/SIP | ₹5000/₹500 |
Exit Load | 0.2% |
| Lock In | No Lock-in |
TurnOver | 1841.37% |
| 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 |
Trailing Returns
as on (21-Nov-24)
Fund Distribution
as on (31-Oct-24)
- AUM of the fund stands at 37.8 Cr as of Oct'24
- AUM increased by 2.7 Cr between Oct'24 and Sep'24
Top 3 Sectors in October were Financial Services, Industrial & Basic Materials
Mutual Fund Insights
ITI Arbitrage Fund Direct Growth Highlights
Low Risk
About the fund
AUM size ₹38 Cr
Expense Ratio 0.21%
Frequently Asked Questions for ITI Arbitrage Fund Direct Growth
ITI Arbitrage Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 0.65% | 0.65% |
6 Month Returns | 3.91% | 3.91% |
1 Year Returns | 8.27% | 8.27% |
3 Years Returns | 19.11% | 6% |
5 Years Returns | 27.67% | 5.01% |
- 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.