Fund Details
Axis Arbitrage Fund Direct IDCW
| Risk | Low |
|---|---|
| Min SIP Amount | ₹1000 |
| Expense Ratio | 0.31% |
| NAV | ₹11.45 (19 Apr 2021) |
|---|---|
| Fund Started | 14 Aug 2014 |
| Fund Size | ₹3,023 Cr |
Returns
Comparison
1. Age is more than 5 years
2. Lower expense ratio - 0.31%
3. 1Y Returns are higher than the category average returns
4. 3Y Returns are higher than the category average returns
5. 5Y Returns are higher than the category average returns
Found nothing so far.
Top Holdings
| Name | Sector | Instrument | % Assets |
|---|---|---|---|
| Dr. Reddy's Laboratories Ltd. | Healthcare | Equity | 3.9% |
| Bharti Airtel Ltd. | Communication | Equity | 3.7% |
| Housing Development Finance Corpn. Ltd. | Financial | Equity | 3.5% |
| Adani Ports and Special Economic Zone Ltd. | Services | Equity | 3.4% |
| State Bank of India | Financial | Equity | 3.3% |
| Bharat Petroleum Corpn. Ltd. | Energy | Equity | 3.3% |
| Tata Steel Ltd. | Metals | Equity | 3.3% |
| ICICI Bank Ltd. | Financial | Equity | 3.0% |
| Asian Paints Ltd. | Chemicals | Equity | 3.0% |
| Axis Bank Ltd. | Financial | Fixed Deposits | 2.9% |
Fund Managers
Axis Arbitrage Fund Direct IDCW Details
Axis Arbitrage Fund Direct IDCW is a Hybrid Mutual Fund Scheme launched by Axis Mutual Fund. This scheme was made available to investors on 14 Aug 2014. Ashwin Patni, Devang Shah is the Current Fund Manager of Axis Arbitrage Fund Direct IDCW fund.The fund currently has an Asset Under Management(AUM) of ₹3,023 Cr and the Latest NAV as of 19 Apr 2021 is ₹11.45.
The Axis Arbitrage Fund Direct IDCW is rated Low risk. Minimum SIP Investment is set to 1000. Minimum Lumpsum Investment is 5000. Exit load of 0.25% if redeemed within 7 days.
Investment Objective
The scheme aims to generate income through low volatility absolute return strategies that take advantage of opportunities in the cash and the derivative segments of the equity markets including the arbitrage opportunities available within the derivative segment, by using other derivative based strategies and by investing the balance in debt and money market instruments.
Tax Implications
Returns are taxed at 15%, if you redeem before one year. After 1 year, you are required to pay LTCG tax of 10% on returns of Rs 1 lakh+ in a financial year.
