| Risk | Moderately Low |
|---|---|
| Min SIP Amount | ₹500 |
| Expense Ratio | 0.42% |
| NAV | ₹10.55 (18 Sep 2020) |
|---|---|
| Fund Started | 27 Aug 2014 |
| Fund Size | ₹87 Cr |
| Name | Sector | Instrument | % Assets |
|---|---|---|---|
| Axis Bank Ltd. | Financial | Fixed Deposits | 11.2% |
| HDFC Bank Ltd. | Financial | Fixed Deposits | 6.0% |
| RBL Bank Ltd. | Financial | Fixed Deposits | 5.7% |
| ICICI Bank Ltd. | Financial | Equity | 5.7% |
| Infosys Ltd. | Technology | Equity | 5.3% |
| Cadila Healthcare Ltd. | Healthcare | Equity | 4.7% |
| Axis Bank Ltd. | Financial | Equity | 4.6% |
| Bharti Airtel Ltd. | Communication | Equity | 4.3% |
| Cipla Ltd. | Healthcare | Equity | 4.2% |
| State Bank of India | Financial | Equity | 3.9% |
PGIM India Arbitrage Fund Direct Dividend 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 Dividend Monthly fund.The fund currently has an Asset Under Management(AUM) of ₹87 Cr and the Latest NAV as of 18 Sep 2020 is ₹10.55.
The PGIM India Arbitrage Fund Direct Dividend Monthly is rated Moderately Low risk. Minimum SIP Investment is set to 500. Minimum Lumpsum Investment is 5000.
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.
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.