1M
6M
1Y
3Y
5Y
All
| NAV: 04 Aug 2021 | ₹28.58 |
|---|---|
| Min. SIP Amount | ₹1,000 |
| Rating | 3star |
|---|---|
| Fund Size | ₹12,398.22 Cr |
Return calculator
Monthly SIP
One-Time
₹5,000 per month
Over the past
Total investment of ₹0
Would have become ₹0 (0.00%)
Understand terms
Annualised returns
Average of the yearly returns of a mutual fund over a given period.
Absolute returns
The total return of a mutual fund over a given period.
Returns and rankings
Category: Hybrid Arbitrage
Annualised returns
Absolute returns
| 1Y | 3Y | 5Y | All | |
|---|---|---|---|---|
| Fund returns | 4.5% | 5.7% | 6.1% | 7.2% |
| Category average | 3.3% | 4.7% | 5.2% | NA |
| Rank with in category | 10 | 10 | 7 | NA |
Understand termsinfo
Holdings (101)
| Name | Sector | Instrument | Assets |
|---|---|---|---|
Reserve Bank of India | Financial | T-Bills | 4.0% |
| Reliance Industries Ltd. | Energy | Equity | 3.6% |
| Tata Steel Ltd. | Metals | Equity | 3.5% |
Panatone Finvest Ltd | Financial | CP | 3.1% |
| Adani Ports and Special Economic Zone Ltd. | Services | Equity | 2.9% |
| Bharti Airtel Ltd. | Communication | Equity | 2.8% |
State Bank of India | Financial | Equity | 2.7% |
Reserve Bank of India | Financial | T-Bills | 2.7% |
Sun Pharmaceutical Industries Ltd. | Healthcare | Equity | 2.5% |
GOI | Sovereign | GOI Sec | 2.4% |
See All
Pros and cons
Category: Hybrid Arbitrage
Pros
- Age is more than 5 years
- Lower expense ratio - 0.41%
- 1Y Returns are higher than the category average returns
- 3Y Returns are higher than the category average returns
- 5Y Returns are higher than the category average returns
Cons
- Asset under management(AUM) is more than 10000 Crs. Returns tend to go low once AUM exceeds a certain amount
Understand terms
Expense ratio
A fee payable to a mutual fund house for managing your mutual fund investments. It is the total percentage of a company’s fund assets used for administrative, management, advertising, and other expenses.
Tax
A percentage of your capital gains payable to the government upon exiting your mutual fund investments. Taxation is categorized as long-term capital gains (LTCG) and short-term capital gains (STCG) depending on your holding period and the type of fund.
Exit load
A fee payable to a mutual fund house for exiting a fund (fully or partially) before the completion of a specified period from the date of investment.
Stamp duty
A form of tax payable for the purchase or sale of an asset or security.
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 termsinfo
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
Manish Banthia
Jan 2013 - Present
View Details
Education
Mr. Banthia is B.Com, CA and MBA
Experience
He is associated with ICICI Prudential Asset Management Company since Oct 2005, ICICI Prudential AMC - Fixed Income Investments - Aug 2007 to Oct 2009, ICICI Prudential AMC - New Product Development - Oct 2005 to Jul 2007, Aditya Birla Nuvo Ltd. - From May 2005 to Oct 2005, Aditya Birla Management Corporation Ltd. - From May 2004 to May 2005.
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
Dharmesh Kakkad
Sep 2018 - Present
View Details
Education
Mr. kakkad is B.com., CA & CFA.
Experience
He is associated with ICICI Prudential Asset Management Company Limited from June 2010. Prior to working in Dealing function, he was working in the Operations Department of ICICI Prudential AMC.
Also manages these schemes
Fund house & investment objective
| Rank (total assets) | #3 in India |
|---|---|
| Total AUM | 4,10,129.33 Cr |
| Date of Incorporation | 13 Oct 1993 |
|---|
ICICI Prudential Equity Arbitrage Direct Growth is a Hybrid Mutual Fund Scheme launched by ICICI Prudential Mutual Fund. This scheme was made availabl
ICICI Prudential Equity Arbitrage Direct Growth is a Hybrid Mutual Fund Scheme launched by ICICI Prudential Mutual Fund. This scheme was made available to investors on 13 Oct 1993. Kayzad Englim, Manish Banthia is the Current Fund Manager of ICICI Prudential Equity Arbitrage Direct Growth fund. The fund currently has an Asset Under Management(AUM) of ₹4,10,129 Cr and the Latest NAV as of 04 Aug 2021 is ₹28.58.
The ICICI Prudential Equity Arbitrage Direct Growth is rated Low risk. Minimum SIP Investment is set to 1000. Minimum Lumpsum Investment is 5000. Exit load of 0.25% if redeemed within 1 month
...Read more
Investment Objective
The scheme seeks to generate low volatility returns by using arbitrage and other derivative strategies in equity markets and investments in short-term
The scheme seeks to generate low volatility returns by using arbitrage and other derivative strategies in equity markets and investments in short-term debt portfolio.
...Read more
| Fund benchmark | NIFTY 50 Arbitrage |
|---|
Fund house contact details
Address
One BKC, A-Wing, 13th Floor, Bandra Kurla Complex Mumbai 400051
Phone
022-26525000
Launch Date
13 Oct 1993
E-mail
[email protected]Website
NA
ICICI Prudential Mutual Fund
Asset Management Company
Custodian
HDFC Bank
Registrar & Transfer Agent
Cams
Address
7th Floor, Tower II, Rayala Towers, 158, Anna Salai,
Email
[email protected]Website
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