| Risk | Moderate |
|---|---|
| Min SIP Amount | ₹1000 |
| Expense Ratio | 0.31% |
| NAV | ₹15.05 (07 Aug 2020) |
|---|---|
| Fund Started | 14 Aug 2014 |
| Fund Size | ₹3,227 Cr |
| Name | Sector | Instrument | % Assets |
|---|---|---|---|
| Bharti Airtel Ltd. | Communication | Equity | 8.9% |
| ICICI Bank Ltd. | Financial | Equity | 8.0% |
| Hindustan Unilever Ltd. | FMCG | Equity | 7.4% |
| Infosys Ltd. | Technology | Equity | 5.9% |
| Housing Development Finance Corpn. Ltd. | Financial | Equity | 5.2% |
| Reliance Industries Ltd. | Energy | Equity | 5.1% |
| Indusind Bank Ltd. | Financial | Equity | 2.9% |
| Axis Bank Ltd. | Financial | Fixed Deposits | 2.8% |
| Vedanta Ltd. | Metals | Equity | 1.8% |
| State Bank of India | Financial | Equity | 1.8% |
Axis Arbitrage Fund Direct Growth 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 Growth fund.The fund currently has an Asset Under Management(AUM) of ₹3,227 Cr and the Latest NAV as of 07 Aug 2020 is ₹15.05.
The Axis Arbitrage Fund Direct Growth 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.
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. However, there is no assurance or guarantee that the investment objective of the Scheme will be achieved. The Scheme does not assure or guarantee any returns.
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.