Fund Details
PGIM India Arbitrage Fund Direct Dividend Monthly
| Risk | Moderately Low |
|---|---|
| Min SIP Amount | ₹500 |
| Expense Ratio | 0.38% |
| NAV | ₹10.53 (27 Nov 2020) |
|---|---|
| Fund Started | 27 Aug 2014 |
| Fund Size | ₹83 Cr |
Returns
as per Historical Returns
Comparison
1. Lower expense ratio - 0.4%
2. 1Y Returns are higher than the category average returns
3. 3Y Returns are higher than the category average returns
4. 5Y Returns are higher than the category average returns
5. Age is more than 5 years
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 | 19.3% |
| HDFC Bank Ltd. | Financial | Fixed Deposits | 6.3% |
| ICICI Bank Ltd. | Financial | Equity | 5.9% |
| Reliance Industries Ltd. | Energy | Equity | 5.3% |
| Axis Bank Ltd. | Financial | Equity | 4.8% |
| Adani Enterprises Ltd. | Services | Equity | 4.8% |
| Cipla Ltd. | Healthcare | Equity | 4.7% |
| Bharti Airtel Ltd. | Communication | Equity | 3.9% |
| Jindal Steel & Power Ltd. | Metals | Equity | 3.5% |
| ITC Ltd. | FMCG | Equity | 3.2% |
Fund Managers
PGIM India Arbitrage Fund Direct Dividend Monthly Details
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 ₹83 Cr and the Latest NAV as of 27 Nov 2020 is ₹10.53.
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.
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.
