ITI Arbitrage Fund Direct Growth+0.03%

4.11%
1 Year Return
Hybrid
Arbitrage
6M
1Y
All

Fund Details

ITI Arbitrage Fund Direct Growth

RiskModerately Low
Min SIP Amount₹500
Expense Ratio0.25%
NAV10.51 (21 Oct 2020)
Fund Started08 Sep 2019
Fund Size15 Cr

Returns

1Y
3Y*
5Y*
Since inception*
ITI Arbitrage Fund Direct Growth
4.1%
NA
NA
4.5%
Category Average
3.9%
5.3%
5.7%
-
Rank within category
20
NA
NA
-
*All returns are annualized.
SIP
Lumpsum
I want to invest per month5,000
    Estimated Value
    as per Historical Returns
    0
    with 4.1% annual returns

    Comparison

    Data not available
    Pros
    1. Lower expense ratio - 0.25%
    Cons
    1. Asset under management(AUM) is less than 200 Crs. Watch expense ratio when AUM is very low
    2. Age is less than 3 years
    3. Risk-adjusted returns are lower compared to the category

    Top Holdings

    NameSectorInstrument% Assets
    Federal Bank Ltd.FinancialFixed Deposits10.3%
    Housing Development Finance Corpn. Ltd.FinancialEquity9.3%
    HDFC Bank Ltd.FinancialFixed Deposits8.6%
    Lupin Ltd.HealthcareEquity8.2%
    Bharti Airtel Ltd.CommunicationEquity7.5%
    Infosys Ltd.TechnologyEquity5.8%
    Tech Mahindra Ltd.TechnologyEquity3.9%
    Hero Motocorp Ltd.AutomobileEquity3.9%
    Reliance Industries Ltd.EnergyEquity3.9%
    Hindustan Unilever Ltd.FMCGEquity3.8%
    See All

    Fund Managers

    addGeorge Heber Joseph
    Education
    Mr George holds dual Bachelor's Degrees in English Language & Literature and Commerce. He is a qualified CA from Institute of Chartered Accountants of India, New Delhi and a Cost and Management Accountant from Institute of Cost Accountants of India, Kolkata.
    Experience
    Prior to joining ITI Asset Management Ltd., he has worked with ICICI Prudential Asset Management Ltd., Tanfac Industries Ltd. (Aditya Birla Group), Cholamandalam Investments & Finance Co. Ltd., Met Life India, Wipro and DSP Merrill Lynch Ltd. based in India and abroad. His last stint was at ICICI Prudential Asset Management Co. Ltd. Mumbai, where he spent more than a decade managing some of the large flagship fund strategies in the equity and hybrid categories with assets under management exceeding Rs. 10,000 crores. All funds (Multicap, ELSS – Long Term Equity Fund, Child Care) and discretionary portfolios (Wellness, Exports, Flexicap, Largecap, PIPE/Smallcap) managed by him during this entire period were excellent performers in their respective categories. There, he was designated as Senior Fund Manager (Vice President Grade) based in Mumbai, India and was one of the Key Management Personnel in the company and was part of the investment management team. He is known for his focus on extensive bottom-up research and stock-picking capabilities, has overseen fund managers activities and managed various research analysts during his tenure.
    Funds Managed
    addMilan Mody
    Education
    Mr. Mody has done B.Com & MBA in Finance
    Experience
    Prior to joining ITI Mutual Fund he has worked with ZyFin Research Private Ltd, Sahara India Life Insurance Company Ltd, He was also associated with Darashaw and BRICS securities.
    Funds Managed

    ITI Arbitrage Fund Direct Growth Details

    ITI Arbitrage Fund Direct Growth is a Hybrid Mutual Fund Scheme launched by . This scheme was made available to investors on 08 Sep 2019. George Heber Joseph is the Current Fund Manager of ITI Arbitrage Fund Direct Growth fund.The fund currently has an Asset Under Management(AUM) of ₹15 Cr and the Latest NAV as of 21 Oct 2020 is ₹10.51.

    The ITI Arbitrage Fund Direct Growth is rated Moderately Low risk. Minimum SIP Investment is set to 500. Minimum Lumpsum Investment is 5000. Exit load of 0.25%, if redeemed within 30 days.

    Investment Objective

    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.

    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.

    Scheme Information Document(SID)

    ₹5000
    Min for First Investment
    ₹1000
    Min for Second Investment
    Exit load of 0.25%, if redeemed within 30 days.
    Exit Load

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    About

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    Phone
    NA
    Launch Date
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    E-mail
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    Website
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    ITI Mutual Fund
    Asset Management Company
    Custodian
    Deutsche Bank
    Registrar & Transfer Agent
    KFin Tech
    Address
    Karvy House, No. 46, 8-2-609/K, Avenue 4, Street No.1 Banjara Hills,
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