Fund Details
LIC MF Arbitrage Fund Direct Growth
| Risk | Low |
|---|---|
| Min SIP Amount | ₹1000 |
| Expense Ratio | 0.43% |
| NAV | ₹11.05 (21 Jan 2021) |
|---|---|
| Fund Started | 24 Jan 2019 |
| Fund Size | ₹36 Cr |
Returns
Comparison
1. Lower expense ratio - 0.36%
2. 1Y Returns are higher than the category average returns
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
| Name | Sector | Instrument | % Assets |
|---|---|---|---|
| LIC MF Liquid Fund - Direct Plan | Financial | Mutual Fund | 24.5% |
| Housing Development Finance Corpn. Ltd. | Financial | Equity | 8.8% |
| Reliance Industries Ltd. | Energy | Equity | 8.7% |
| Aurobindo Pharma Ltd. | Healthcare | Equity | 7.9% |
| Maruti Suzuki India Ltd. | Automobile | Equity | 5.9% |
| Bharti Airtel Ltd. | Communication | Equity | 5.6% |
| Larsen & Toubro Ltd. | Construction | Equity | 4.8% |
| ICICI Bank Ltd. | Financial | Equity | 4.8% |
| HDFC Life Insurance Co Ltd. | Financial | Equity | 2.9% |
| Ultratech Cement Ltd. | Construction | Equity | 2.6% |
Fund Managers
LIC MF Arbitrage Fund Direct Growth Details
LIC MF Arbitrage Fund Direct Growth is a Hybrid Mutual Fund Scheme launched by LIC Mutual Fund. This scheme was made available to investors on 24 Jan 2019. Marzban Irani is the Current Fund Manager of LIC MF Arbitrage Fund Direct Growth fund.The fund currently has an Asset Under Management(AUM) of ₹36 Cr and the Latest NAV as of 21 Jan 2021 is ₹11.05.
The LIC MF Arbitrage Fund Direct Growth is rated Low risk. Minimum SIP Investment is set to 1000. Minimum Lumpsum Investment is 5000. Exit load of 0.50% if redeemed within 15 days, 0.25% if redeemed after 15 days but within 1 month.
Investment Objective
The scheme seeks to generate income by taking advantage of arbitrage opportunities that potentially exists between cash and derivative market and within the derivative segment of the equity market along with investments in debt securities & 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.
