| Risk | Moderate |
|---|---|
| Min SIP Amount | ₹1000 |
| Expense Ratio | 0.31% |
| NAV | ₹15.21 (30 Oct 2020) |
|---|---|
| Fund Started | 14 Aug 2014 |
| Fund Size | ₹2,622 Cr |
| Name | Sector | Instrument | % Assets |
|---|---|---|---|
| Housing Development Finance Corpn. Ltd. | Financial | Equity | 5.8% |
| Reliance Industries Ltd. | Energy | Equity | 5.6% |
| ICICI Bank Ltd. | Financial | Equity | 5.3% |
| Bharti Airtel Ltd. | Communication | Equity | 3.9% |
| Axis Bank Ltd. | Financial | Fixed Deposits | 3.4% |
| Maruti Suzuki India Ltd. | Automobile | Equity | 2.6% |
| Vedanta Ltd. | Metals | Equity | 2.3% |
| State Bank of India | Financial | Equity | 2.3% |
| Aurobindo Pharma Ltd. | Healthcare | Equity | 2.1% |
| AU Small Finance Bank Ltd. | Financial | Fixed Deposits | 2.1% |
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 ₹2,622 Cr and the Latest NAV as of 30 Oct 2020 is ₹15.21.
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.
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.