Name: Principal Arbitrage Fund Direct Growth
Brand: Principal Mutual Fund

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Principal Arbitrage Fund Direct Growth
Hybrid
Arbitrage
Low Risk
3.36%
3Y annualised
-0.08% 1D
1M
6M
1Y
3Y
5Y
All
 NAV: 20 Oct 2021₹12.10
Min. SIP amount₹500
Rating1star
Fund size₹7.00 Cr
Understand termsAnnualised returnsAverage of the yearly returns of a mutual fund over a given period.
Absolute returnsThe total return of a mutual fund over a given period.
Returns and rankingsCategory: Hybrid Arbitrage
Annualised returns
Absolute returns
1Y3Y5YAll
Fund returns2.8%3.4%3.2%3.5%
Category average3.3%4.7%5.2%NA
Rank with in category241916NA
Understand termsinfo
Holdings (14)NameSectorInstrumentAssets
Dr. Reddy's Laboratories Ltd.
HealthcareEquity8.7%
Larsen & Toubro Ltd.
ConstructionEquity8.4%
Grasim Industries Ltd.
ConstructionEquity6.8%
Tech Mahindra Ltd.
TechnologyEquity5.9%
ICICI Bank Ltd.
FinancialEquity5.5%
Aurobindo Pharma Ltd.
HealthcareEquity5.4%
JSW Steel Ltd.
MetalsEquity5.2%
Reliance Industries Ltd.
EnergyEquity4.5%
DLF Ltd.
ConstructionEquity3.9%
HDFC Bank Ltd.
FinancialEquity3.8%
See All
DisclaimerThis content is derived from publicly available information, internal sources, and other third-party sources believed to be reliable. We, at Nextbillion Technology Pvt. Ltd. (Groww), do not guarantee the accuracy of such information, or assure its completeness, or warrant that such information will not be changed.
All comparisons are done with the category average metrics for this category.
Pros and consinfo
Category: Hybrid Arbitrage
thumb_up_altPros
Lower expense ratio: 0.42%
Average credit rating of the fund's holdings: AAA
This fund has holdings of the highest quality
thumb_down_altCons
Lower AUM: 6Cr.
Funds with lower AUM tend to have higher expense ratio
Consistently lower annualised returns than category average for the past 1Y, 3Y and 5Y
Low rating: 1
Understand termsExpense ratioA 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.
TaxA 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 loadA 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 dutyA form of tax payable for the purchase or sale of an asset or security. 
Past expense ratio & exit load
Expense ratio
Exit load
30 Sep 2021 - Present
0.42%
31 Aug 2021 - 30 Sep 2021
0.42%
31 Jul 2021 - 31 Aug 2021
0.42%
30 Jun 2021 - 31 Jul 2021
0.43%
31 May 2021 - 30 Jun 2021
0.43%
30 Apr 2021 - 31 May 2021
0.43%
31 Mar 2021 - 30 Apr 2021
0.44%
28 Feb 2021 - 31 Mar 2021
0.45%
31 Jan 2021 - 28 Feb 2021
0.46%
31 Dec 2020 - 31 Jan 2021
0.45%
30 Nov 2020 - 31 Dec 2020
0.45%
31 Oct 2020 - 30 Nov 2020
0.45%
30 Sep 2020 - 31 Oct 2020
0.44%
31 Aug 2020 - 30 Sep 2020
0.44%
31 Jul 2020 - 31 Aug 2020
0.45%
30 Jun 2020 - 31 Jul 2020
0.44%
31 May 2020 - 30 Jun 2020
0.42%
30 Apr 2020 - 31 May 2020
0.42%
31 Mar 2020 - 30 Apr 2020
0.38%
29 Feb 2020 - 31 Mar 2020
0.44%
31 Jan 2020 - 29 Feb 2020
0.50%
31 Dec 2019 - 31 Jan 2020
0.50%
30 Nov 2019 - 31 Dec 2019
0.51%
31 Oct 2019 - 30 Nov 2019
0.48%
30 Sep 2019 - 31 Oct 2019
0.44%
31 Aug 2019 - 30 Sep 2019
0.44%
31 Jul 2019 - 31 Aug 2019
0.39%
30 Jun 2019 - 31 Jul 2019
0.39%
31 May 2019 - 30 Jun 2019
0.39%
30 Apr 2019 - 31 May 2019
0.39%
31 Mar 2019 - 30 Apr 2019
0.64%
28 Feb 2019 - 31 Mar 2019
0.62%
31 Jan 2019 - 28 Feb 2019
0.62%
31 Dec 2018 - 31 Jan 2019
0.52%
30 Nov 2018 - 31 Dec 2018
0.30%
31 Oct 2018 - 30 Nov 2018
0.31%
30 Sep 2018 - 31 Oct 2018
0.33%
31 Aug 2018 - 30 Sep 2018
0.33%
31 Jul 2018 - 31 Aug 2018
0.33%
30 Jun 2018 - 31 Jul 2018
0.33%
31 May 2018 - 30 Jun 2018
0.30%
30 Apr 2018 - 31 May 2018
0.30%
31 Mar 2018 - 30 Apr 2018
0.32%
28 Feb 2018 - 31 Mar 2018
0.47%
31 Jan 2018 - 28 Feb 2018
0.42%
31 Dec 2017 - 31 Jan 2018
0.33%
30 Nov 2017 - 31 Dec 2017
0.32%
31 Oct 2017 - 30 Nov 2017
0.32%
Expense ratio, exit load and taxExpense ratio: 0.42%Inclusive of GST
Exit loadExit load of 0.50% if redeemed within 30 days
Stamp duty0.005% (from July 1st, 2020)
Tax implicationReturns 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
Check past data
Minimum investment amountsMin. for 1st investment₹5,000
Min. for 2nd investment onwards₹1,000
Min. for SIP₹500
Fund managementRajat Jain
Mar 2016 - Present
View details
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Education
Mr. Jain is a B.E (Mechanical) and PGDM (Management) from IIM Lucknow.
Experience
Prior to joining Principal Mutual Fund he has worked with this he was with SBI Mutual Fund.
Also manages these schemes
Principal Nifty 100 Equal Weight Fund IDCW
Principal Nifty 100 Equal Weight Fund Growth
Principal Global Opportunities Fund IDCW
Principal Global Opportunities Fund Growth
Principal Global Opportunities Fund Direct Growth
Principal Global Opportunities Fund Direct IDCW
Principal Nifty 100 Equal Weight Fund Direct IDCW
Principal Nifty 100 Equal Weight Fund Direct Growth
Principal Arbitrage Fund Direct IDCW Monthly
Principal Arbitrage Fund Direct Growth
Principal Arbitrage Fund Regular IDCW Monthly
Principal Arbitrage Fund Regular Growth
Fund house & investment objective
keyboard_arrow_down
Principal Mutual Fund
Rank (total assets)#24 in India
Total AUM7,817.63 Cr
Date of Incorporation25 Nov 1994
Principal Arbitrage Fund Direct Growth is a Hybrid Mutual Fund Scheme launched by Principal Mutual Fund. This scheme was made available to investors o
Principal Arbitrage Fund Direct Growth is a Hybrid Mutual Fund Scheme launched by Principal Mutual Fund. This scheme was made available to investors on 25 Nov 1994. Rajat Jain is the Current Fund Manager of Principal Arbitrage Fund Direct Growth fund. The fund currently has an Asset Under Management(AUM) of ₹7,818 Cr and the Latest NAV as of 20 Oct 2021 is ₹12.10.
The Principal Arbitrage Fund Direct Growth is rated Low risk. Minimum SIP Investment is set to 500. Minimum Lumpsum Investment is 5000. Exit load of 0.50% if redeemed within 30 days...Read more
Investment Objective
The scheme seeks to generate capital appreciation and income by predominantly investing in arbitrage opportunities in the cash and derivative segments
The scheme seeks to generate capital appreciation and income by predominantly investing in arbitrage opportunities in the cash and 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.
...Read more
Fund benchmarkNIFTY 50 Arbitrage TRI
descriptionScheme Information Document(SID)
Fund house contact details
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Address
Exchange Plaza, Ground Floor, B Wing, NSE Building, Bandra Kurla Complex, Bandra(East) Mumbai 400051
Phone
022-67720555
Launch Date
25 Nov 1994
E-mail
[email protected]
Website
NA
Principal Mutual Fund
Asset Management Company
Custodian
Citibank NA
Registrar & Transfer Agent
KFin Tech
Address
Karvy House, No. 46, 8-2-609/K, Avenue 4, Street No.1 Banjara Hills,
Email
[email protected]
Website
www.karvymfs.com
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	1Y	3Y	5Y	All
Fund returns	2.8%	3.4%	3.2%	3.5%
Category average	3.3%	4.7%	5.2%	NA
Rank with in category	24	19	16	NA

Name	Sector	Instrument	Assets
Dr. Reddy's Laboratories Ltd.	Healthcare	Equity	8.7%
Larsen & Toubro Ltd.	Construction	Equity	8.4%
Grasim Industries Ltd.	Construction	Equity	6.8%
Tech Mahindra Ltd.	Technology	Equity	5.9%
ICICI Bank Ltd.	Financial	Equity	5.5%
Aurobindo Pharma Ltd.	Healthcare	Equity	5.4%
JSW Steel Ltd.	Metals	Equity	5.2%
Reliance Industries Ltd.	Energy	Equity	4.5%
DLF Ltd.	Construction	Equity	3.9%
HDFC Bank Ltd.	Financial	Equity	3.8%

Min. for 1st investment	₹5,000
Min. for 2nd investment onwards	₹1,000

Rating	1
Fund size	₹7.00 Cr