Hybrid
Direct
Arbitrage Fund
NAV as on 04-09-2024
₹ 13.63
Inception Returns
5.7%
/yr
LIC MF Arbitrage Fund Direct Growth is a hybrid fund. This fund was started on 25 January, 2019. The fund is managed by Sanjay Pawar. This fund gives you the benefit of diversification.
LIC MF Arbitrage Fund Direct Growth has given a CAGR return of 5.67% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 7.83%, 6.32% and 5.53% respectively.
LIC MF Arbitrage Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Industrial, Basic Materials, Utilities, Health, Corporate, Tech, Real Estate, Consumer Cyclical, Energy, Government, Communication, Consumer Defensive.
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).
The investment objective of the scheme is to generate income by taking advantage of arbitrage opportunities that potentially exists between cash and derivative market and within the derivative segment of the equity market along with investments in debt securities & money market instruments.However, there is no assurance that the investment objective of the Schemes will be realized.
Minimum investment for lump sum payment is INR 5000.00 and for SIP is INR 1000.00. LIC MF Arbitrage Fund Direct Growth has no lock in period.
Expense ratio | 0.31% |
Benchmark | NIFTY 50 Arbitrage TR INR |
AUM | ₹153 Cr |
Inception Date | 25 January, 2019 |
Min Lumpsum/SIP | ₹5000/₹1000 |
Exit Load | 0.2% |
Lock In | No Lock-in |
TurnOver | 472.9% |
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
LIC MF Arbitrage Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 0.46% | 0.46% |
6 Month Returns | 3.84% | 3.84% |
1 Year Returns | 7.83% | 7.83% |
3 Years Returns | 20.19% | 6.32% |
5 Years Returns | 30.87% | 5.53% |
AAA | 100 |