| Risk | Moderately High |
|---|---|
| Min SIP Amount | ₹300 |
| Expense Ratio | 0.45% |
| NAV | ₹10.21 (03 Jul 2020) |
|---|---|
| Fund Started | 02 May 2017 |
| Fund Size | ₹785 Cr |
| Name | Sector | Instrument | % Assets |
|---|---|---|---|
| HDFC Bank Ltd. | Financial | Fixed Deposits | 11.2% |
| ICICI Bank Ltd. | Financial | Equity | 6.5% |
| Vedanta Ltd. | Metals | Equity | 6.1% |
| Hindustan Unilever Ltd. | FMCG | Equity | 5.2% |
| Bharti Airtel Ltd. | Communication | Equity | 5.0% |
| Reliance Industries Ltd. | Energy | Equity | 4.9% |
| HDFC Bank Ltd. | Financial | Fixed Deposits | 2.6% |
| Tech Mahindra Ltd. | Technology | Equity | 2.3% |
| Dr. Reddy's Laboratories Ltd. | Healthcare | Equity | 2.2% |
| Sun Pharmaceutical Inds. Ltd. | Healthcare | Equity | 2.2% |
BNP Paribas Arbitrage Fund Direct Dividend Monthly is a Hybrid Mutual Fund Scheme launched by BNP Paribas Mutual Fund. This scheme was made available to investors on 02 May 2017. Karthikraj Lakshmanan, Mayank Prakash is the Current Fund Manager of BNP Paribas Arbitrage Fund Direct Dividend Monthly fund.The fund currently has an Asset Under Management(AUM) of ₹785 Cr and the Latest NAV as of 03 Jul 2020 is ₹10.21.
The BNP Paribas Arbitrage Fund Direct Dividend Monthly is rated Moderately High risk. Minimum SIP Investment is set to 300. Minimum Lumpsum Investment is 5000. Exit load of 0.25% if redeemed within 1 month
The primary investment objective of the scheme is to generate income and capital appreciation by investing in a combination of diversified portfolio of equity and equity related instruments, including use of equity derivatives strategies and arbitrage opportunities with exposure in debt and fixed income 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.