| Risk | Moderate |
|---|---|
| Min SIP Amount | ₹1000 |
| Expense Ratio | 0.31% |
| NAV | ₹11.24 (28 Sep 2020) |
|---|---|
| Fund Started | 14 Aug 2014 |
| Fund Size | ₹2,922 Cr |
| Name | Sector | Instrument | % Assets |
|---|---|---|---|
| ICICI Bank Ltd. | Financial | Equity | 9.3% |
| Reliance Industries Ltd. | Energy | Equity | 8.3% |
| Bharti Airtel Ltd. | Communication | Equity | 8.2% |
| Hindustan Unilever Ltd. | FMCG | Equity | 7.5% |
| Housing Development Finance Corpn. Ltd. | Financial | Equity | 6.0% |
| Indusind Bank Ltd. | Financial | Equity | 4.1% |
| State Bank of India | Financial | Equity | 3.1% |
| Axis Bank Ltd. | Financial | Fixed Deposits | 3.0% |
| Aurobindo Pharma Ltd. | Healthcare | Equity | 1.9% |
| AU Small Finance Bank Ltd. | Financial | Fixed Deposits | 1.9% |
Axis Arbitrage Fund Direct Dividend 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 Dividend fund.The fund currently has an Asset Under Management(AUM) of ₹2,922 Cr and the Latest NAV as of 28 Sep 2020 is ₹11.24.
The Axis Arbitrage Fund Direct Dividend is rated Moderate risk. Minimum SIP Investment is set to 1000. Minimum Lumpsum Investment is 5000. Exit load of 0.25% if redeemed within 7 days.
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.
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.