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ICICI Prudential Equity Arbitrage Direct Growth

Hybrid
Arbitrage
Low Risk
4.90%
3Y annualised
-0.06% 1D
1M
6M
1Y
3Y
5Y
All
NAV: 20 May 2022₹29.47
Min. SIP amount₹1,000
Rating3
Fund size₹13,676.54Cr

Returns and rankings

Category: Hybrid Arbitrage
Annualised returns
Absolute returns
1Y3Y5YAll
Fund returns4.4%4.9%5.6%7.0%
Category average3.3%4.7%5.2%NA
Rank with in category111111NA
Understand terms

Holdings (130)

NameSectorInstrumentAssets
Panatone Finvest Ltd
FinancialCP4.2%
Reserve Bank of India
FinancialT-Bills3.6%
Reliance Industries Ltd.EnergyEquity3.4%
Adani Ports and Special Economic Zone Ltd.ServicesEquity3.3%
Tata Steel Ltd.Metals & MiningEquity2.9%
Reserve Bank of India
FinancialT-Bills2.9%
Reserve Bank of India
FinancialT-Bills2.2%
Axis Bank Ltd.FinancialEquity2.1%
Adani Enterprises Ltd.ServicesEquity2.1%
Reserve Bank of India
FinancialT-Bills1.8%
See All

Pros and cons

Category: Hybrid Arbitrage

Pros

Consistently higher annualised returns than category average for the past 1Y, 3Y and 5Y
Higher alpha: 2.07 The fund has generated returns higher than benchmark - NIFTY 50 Arbitrage TRI - in the last 3Y
Lower expense ratio: 0.41%
Average credit rating of the fund's holdings: AAA This fund has holdings of the highest quality

Cons

Higher AUM: 13676Cr. Funds with a higher AUM tend to have lower returns in the future

Expense ratio, exit load and tax

Expense ratio: 0.41%

Inclusive of GST

Exit load

Exit load of 0.25% if redeemed within 1 month

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

Kayzad Eghlim
Jan 2013 - Present
View details

Education
Mr. Eghlim is a B.Com (H) and M Com.
Experience
Prior to joining ICICI Prudential AMC he has worked with IDFC Investment Advisors Ltd., Prime Securities and Canara Robeco Mutual Fund.
Also manages these schemes

Rohan Maru
Dec 2020 - Present
View details

Education
Mr. Maru is M.Com and MBA in Finance.
Experience
Prior to joining ICICI Prudential Mutual Fund, he has worked with Kotak Mahindra AMC as Fixed Income Dealer and Integreon Managed Solutions as a Research Associate.
Also manages these schemes

Nikhil Kabra
Dec 2020 - Present
View details

Education
Mr. Kabra is a B.Com and Chartered Accountant.
Experience
Prior to joining ICICI Prudential AMC from September 25, 2013 he was associated with Sumedha Fiscal Services Limited from October 2012 to September 2013 and Haribhakti & Co. from September 2010 to October 2012.
Also manages these schemes

Priyanka Khandelwal
Jun 2017 - Present
View details

Education
Ms. Khandelwal is Chartered Accountant and Company Secretary
Experience
She has been Working with ICICI Prudential Mutual Fund Since October 2014.
Also manages these schemes

Fund house & investment objective

Fund house contact details

Address
One BKC , A Wing ,13th Floor, Bandra Kurla Complex, Mumbai 400051
Phone
022-26525000 / 1800-222-999 / 1800-200-6666
Launch Date
12 Oct 1993
Website
NA
Amc Image
ICICI Prudential Mutual Fund
Asset Management Company
Custodian
HDFC Bank
Registrar & Transfer Agent
Cams
Address
7th Floor, Tower II, Rayala Towers, 158, Anna Salai,

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FAQs

How to Invest in ICICI Prudential Equity Arbitrage Direct Growth?

You can easily invest in ICICI Prudential Equity Arbitrage Direct Growth in a hassle-free manner on Groww. The process is extremely simple, quick and completely paperless. Invest in a few minutes with the following steps:

  • Log on to your Groww account
  • Search for ICICI Prudential Equity Arbitrage Direct Growth from the search box
  • In order to invest, you will have to complete all the KYC formalities which are completely online and paperless and take a few minutes to complete
  • Once you are done with that, you can start investing in ICICI Prudential Equity Arbitrage Direct Growth as SIP or lumpsum as per your investment objective and risk tolerance

What kind of returns does ICICI Prudential Equity Arbitrage Direct Growth provide?

The ICICI Prudential Equity Arbitrage Direct Growth has been there from 07 Jan 2013 and the average annual returns provided by this fund is 4.40% since its inception.

How much expense ratio is charged by ICICI Prudential Equity Arbitrage Direct Growth?

The term Expense Ratio used for ICICI Prudential Equity Arbitrage Direct Growth or any other mutual fund is the annual charges one needs to pay to the Mutual Fund company for managing your investments in that fund.

The Expense Ratio of ICICI Prudential Equity Arbitrage Direct Growth is 0.41% as of 22 May 2022...

What is the AUM of ICICI Prudential Equity Arbitrage Direct Growth?

The AUM, short for Assets Under Management of ICICI Prudential Equity Arbitrage Direct Growth is ₹13,676.54Cr as of 22 May 2022.

How to Redeem ICICI Prudential Equity Arbitrage Direct Growth?

If you want to sell your ICICI Prudential Equity Arbitrage Direct Growth holdings, go to your holding on the app or web and simply click on it. You will get two options - redeem & invest more; click on redeem and enter your desired amount or if you wish to redeem the entire holding amount then select the 'redeem all' checkbox.

Can I invest in SIP and Lump Sum of ICICI Prudential Equity Arbitrage Direct Growth?

You can select either SIP or Lumpsum investment of ICICI Prudential Equity Arbitrage Direct Growth based on your investment objective and risk tolerance.

What is the NAV of ICICI Prudential Equity Arbitrage Direct Growth?

The NAV of ICICI Prudential Equity Arbitrage Direct Growth is ₹29.47 as of 20 May 2022.

What is the PE and PB ratio of ICICI Prudential Equity Arbitrage Direct Growth?

The PE ratio ratio of ICICI Prudential Equity Arbitrage Direct Growth is determined by dividing the market price by its earnings per share and the PB ratio of the same is evaluated by dividing the stock price per share by its book value per share (BVPS).

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