| Risk | Moderately Low |
|---|---|
| Min SIP Amount | Not Supported |
| Expense Ratio | 0.40% |
| NAV | ₹11.06 (23 Oct 2020) |
|---|---|
| Fund Started | 27 Jun 2014 |
| Fund Size | ₹3,316 Cr |
| Name | Sector | Instrument | % Assets |
|---|---|---|---|
| Reliance Industries Ltd. | Energy | Equity | 5.4% |
| Bharti Airtel Ltd. | Communication | Equity | 4.9% |
| Housing Development Finance Corpn. Ltd. | Financial | Equity | 4.9% |
| ICICI Bank Ltd. | Financial | Equity | 3.9% |
| Adani Ports and Special Economic Zone Ltd. | Services | Equity | 3.1% |
| Reserve Bank of India | Financial | T-Bills | 3.0% |
| Cipla Ltd. | Healthcare | Equity | 1.7% |
| ITC Ltd. | FMCG | Equity | 1.7% |
| Aurobindo Pharma Ltd. | Healthcare | Equity | 1.5% |
| Reserve Bank of India | Financial | T-Bills | 1.5% |
Edelweiss Arbitrage Fund Direct Dividend is a Hybrid Mutual Fund Scheme launched by Edelweiss Mutual Fund. This scheme was made available to investors on 27 Jun 2014. Dhawal Dalal, Bhavesh Jain is the Current Fund Manager of Edelweiss Arbitrage Fund Direct Dividend fund.The fund currently has an Asset Under Management(AUM) of ₹3,316 Cr and the Latest NAV as of 23 Oct 2020 is ₹11.06.
The Edelweiss Arbitrage Fund Direct Dividend is rated Moderately Low risk. Minimum SIP Investment is set to 500. Minimum Lumpsum Investment is 5000. Exit load of 0.1%, if redeemed within 30 days.
The Scheme seeks to generate income by predominantly investing in arbitrage opportunities in the cash and the derivative segments of the equity markets and the arbitrage opportunities available within the derivative segment and by investing the balance in debt and 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.