Fund Details
PGIM India Arbitrage Fund Direct IDCW Monthly
| Risk | Low |
|---|---|
| Min SIP Amount | ₹1000 |
| Expense Ratio | 0.35% |
| NAV | ₹10.53 (12 May 2021) |
|---|---|
| Fund Started | 27 Aug 2014 |
| Fund Size | ₹96 Cr |
Returns
Comparison
1. Age is more than 5 years
2. Lower expense ratio - 0.35%
3. 1Y Returns are higher than the category average returns
4. 3Y Returns are higher than the category average returns
5. 5Y Returns are higher than the category average returns
6. Exit load is zero
1. Asset under management(AUM) is less than 200 Crs. Watch expense ratio when AUM is very low
Top Holdings
| Name | Sector | Instrument | % Assets |
|---|---|---|---|
| PGIM India Insta Cash Fund Direct Plan-Growth | Financial | Mutual Fund | 28.4% |
| Aurobindo Pharma Ltd. | Healthcare | Equity | 4.2% |
| ITC Ltd. | FMCG | Equity | 3.8% |
| State Bank of India | Financial | Equity | 3.4% |
| Adani Ports and Special Economic Zone Ltd. | Services | Equity | 3.0% |
| Indusind Bank Ltd. | Financial | Equity | 2.9% |
| ICICI Bank Ltd. | Financial | Equity | 2.9% |
| Ultratech Cement Ltd. | Construction | Equity | 2.6% |
| Canara Bank | Financial | Equity | 2.5% |
| Divi's Laboratories Ltd. | Healthcare | Equity | 2.5% |
Fund Managers
PGIM India Arbitrage Fund Direct IDCW Monthly Details
PGIM India Arbitrage Fund Direct IDCW Monthly 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 IDCW Monthly fund.The fund currently has an Asset Under Management(AUM) of ₹96 Cr and the Latest NAV as of 12 May 2021 is ₹10.53.
The PGIM India Arbitrage Fund Direct IDCW Monthly is rated Low risk. Minimum SIP Investment is set to 1000. Minimum Lumpsum Investment is 5000.
Investment Objective
The scheme seeks 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.
Tax Implications
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.
