|Min SIP Amount||₹500|
|NAV||₹12.21 (30 Jul 2020)|
|Fund Started||27 Aug 2014|
|Fund Size||₹114 Cr|
|HDFC Bank Ltd.||Financial||Fixed Deposits||9.2%|
|Axis Bank Ltd.||Financial||Fixed Deposits||8.6%|
|Indusind Bank Ltd.||Financial||Equity||7.5%|
|Jindal Steel & Power Ltd.||Metals||Equity||6.0%|
|Bharti Airtel Ltd.||Communication||Equity||4.7%|
|HDFC Bank Ltd.||Financial||Fixed Deposits||4.6%|
|ICICI Bank Ltd.||Financial||Equity||4.5%|
|RBL Bank Ltd.||Financial||Fixed Deposits||4.4%|
PGIM India Arbitrage Fund Direct Dividend is a Hybrid Mutual Fund Scheme launched by PGIM India Mutual Fund. This scheme was made available to investors on 27 Aug 2014. Utkarsh Katkoria, Hitash Dang is the Current Fund Manager of PGIM India Arbitrage Fund Direct Dividend fund.The fund currently has an Asset Under Management(AUM) of ₹114 Cr and the Latest NAV as of 30 Jul 2020 is ₹12.21.
The PGIM India Arbitrage Fund Direct Dividend is rated Moderately Low risk. Minimum SIP Investment is set to 500. Minimum Lumpsum Investment is 5000.
The scheme intends to generate income by investing in arbitrage opportunities that potentially exist between the cash and derivatives market as well as within the derivatives segment of the market. Investments may also be made in debt & money market instruments. There can be no assurance or guarantee that the investment objective of the Scheme will be realized.
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.