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Home>Mutual Funds>PGIM India Mutual Fund>PGIM India Arbitrage Fund Direct IDCW Quarterly

PGIM India Arbitrage Fund Direct IDCW Quarterly

Hybrid
Arbitrage
Low Risk
Payout
5.03%
3Y annualised
+0.14% 1D
1M
6M
1Y
3Y
5Y
All
NAV: 05 Mar 2021₹10.94
Min. SIP amount₹1,000
Rating2
Fund size₹87.97Cr

Returns and rankings

Category: Hybrid Arbitrage
Annualised returns
Absolute returns
1Y3Y5YAll
Fund returns4.4%5.0%5.6%6.3%
Category average3.3%4.7%5.2%NA
Rank with in category141412NA
Understand terms

Holdings (44)

NameSectorInstrumentAssets
PGIM India Insta Cash Fund Direct Plan-Growth
FinancialMutual Fund11.6%
ServicesEquity6.1%
TechnologyEquity4.5%
FinancialEquity4.3%
Reserve Bank of India
FinancialT-Bills3.5%
Reserve Bank of India
FinancialT-Bills3.5%
Reserve Bank of India
FinancialT-Bills3.5%
HealthcareEquity3.4%
ServicesEquity3.3%
ChemicalsEquity3.1%
See All

Pros and cons

Category: Hybrid Arbitrage

Pros

Consistently higher annualised returns than category average for the past 1Y, 3Y and 5Y
Exit load is zero
Lower expense ratio: 0.34%
Average credit rating of the fund's holdings: AAA This fund has holdings of the highest quality
Higher alpha: 1.6 The fund has generated returns higher than benchmark - NIFTY 50 Arbitrage TRI - in the last 3Y

Cons

Lower AUM: 137Cr. Funds with lower AUM tend to have higher expense ratio

Expense ratio, exit load and tax

Expense ratio: 0.35%

Inclusive of GST

Exit load

Nil

Stamp duty

0.005% (from July 1st, 2020)

Tax implication

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.

Understand terms
Check past data

Minimum investment amounts

Min. for 1st investment₹5,000
Min. for 2nd investment onwards₹1,000
Min. for SIP₹1,000

Fund management

Ankur Murarka
Dec 2021 - Present
View details

Fund house & investment objective

Fund house contact details

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