Nippon India Arbitrage Fund Direct Plan Growth
Hybrid
Direct
Arbitrage Fund
NAV: ₹ 26.41 as on 15-05-2024
About the Fund
Nippon India Arbitrage Fund Direct Plan Growth is a hybrid fund. This fund was started on 1 January, 2013. The fund is managed by Anand Gupta, Anju Chhajer, Kinjal Desai. This fund gives you the benefit of diversification.
Key Parameters
- Nippon India Arbitrage Fund Direct Plan Growth has ₹14796 Cr worth of assets under management (AUM) as on Apr 2024 and is more than category average.
- The fund has an expense ratio 0.4.
Fund Performance
395 people have invested ₹ 4.2Cr in Nippon India Arbitrage Fund Direct Plan Growth in the last three months
Overview
 | 0.37% |
 Benchmark | NIFTY 50 Arbitrage TR INR |
 | ₹14796 Cr |
 | 1 January, 2013 |
 | ₹5000/₹100 |
 Exit Load | 0.25% |
 | No Lock-in |
 TurnOver | 1214.83% |
Nippon India Arbitrage Fund Direct Plan Growth Distribution as on (30-Apr-24)
Credit rating breakup
AAA
100%
Sector Allocation
Cash Equivalent
85.2%
Corporate
10.9%
Government
3.9%
Top Holdings of Nippon India Arbitrage Fund Direct Plan Growth as on (30-Apr-24)
Equity Holdings135
Debt Holdings16
Monthly Changes Updates
All changes are between Oct'69 and Dec'69
AUM Change
- AUM of the fund stands at 14.8K Cr as of Apr'24
- AUM increased by 900.2 Cr between Apr'24 and Mar'24
Fund Portfolio Changes
Mutual Fund Insights
This fund has one of the lowest expense ratio in the category (arbitrage fund). Its expense ratio is 0.37% which is lower than the category average expense ratio of 0.7%.
In the last 1 year, Kotak Equity Arbitrage Fund Direct Growth has given 8.52% return, outperforming this fund by 0.24%.
In the last 3 years, Invesco India Arbitrage Fund Direct Plan Growth Option has given 6.59% return, outperforming this fund by 0.27% per annum.
In the last 5 years, Tata Arbitrage Fund Direct Growth has given 6.14% return, outperforming this fund by 0.19% per annum.
Over the last 6 months, this fund has experienced a 30.6% growth in AUM moving from 11.32K Cr to 14.79K Cr.
Peer Analysis
Fund Manager
Anand Gupta
Fund Manager of Nippon India Arbitrage Fund Direct Plan Growth, since 12 September 2018
Top funds managed
Anju Chhajer
Fund Manager of Nippon India Arbitrage Fund Direct Plan Growth, since 1 February 2020
Top funds managed
Kinjal Desai
Fund Manager of Nippon India Arbitrage Fund Direct Plan Growth, since 25 May 2018
Top funds managed
Nippon India 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 7.07% since inception which is more than its category average return of 5.19%
AUM size ₹14796 Cr
This fund has AUM of ₹14796 Cr which is more than its category average of ₹ 6327 Cr
Expense Ratio 0.37%
This fund has an expense ratio of 0.37% which is less than its category average expense ratio of 0.71%
Frequently Asked Questions
The current NAV of Nippon India Arbitrage Fund Direct Plan Growth is ₹26.41 as on 15-May-2024.
Existing (Absolute + CAGR) as on 15-May-2024.
Nippon India Arbitrage Fund Direct Plan Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 0.53% | 0.53% |
6 Month Returns | 4.07% | 4.07% |
1 Year Returns | 8.28% | 8.28% |
3 Years Returns | 20.17% | 6.32% |
5 Years Returns | 33.5% | 5.95% |
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.
0.37% as on April 2024
₹14796 Cr as on April 2024
Nippon India Money Market Dir Gr(8.95%), Nippon India Liquid Dir Gr(6.57%), HDFC Bank Ltd(5.61%), Adani Ports & Special Economic Zone Ltd(4.21%), Kotak Mahindra Bank Ltd(3.02%) as on April 2024
Cash Equivalent(85.53%), Corporate(10.95%), Government(3.9%) as on April 2024
AAA | 100 |
Anand Gupta, Anju Chhajer, Kinjal Desai are the fund managers of Nippon India Arbitrage Fund Direct Plan Growth
The Exit load of Nippon India Arbitrage Fund Direct Plan Growth is 0.25%