Fund Details
Nippon India Arbitrage Fund Direct IDCW
| Risk | Low |
|---|---|
| Min SIP Amount | ₹100 |
| Expense Ratio | 0.34% |
| NAV | ₹13.52 (12 May 2021) |
|---|---|
| Fund Started | 01 Jan 2013 |
| Fund Size | ₹11,038 Cr |
Returns
Comparison
1. Age is more than 5 years
2. Lower expense ratio - 0.34%
3. 1Y Returns are higher than the category average returns
4. 3Y Returns are higher than the category average returns
5. 5Y Returns are higher than the category average returns
1. Asset under management(AUM) is more than 10000 Crs. Returns tend to go low once AUM exceeds a certain amount
Top Holdings
| Name | Sector | Instrument | % Assets |
|---|---|---|---|
| Nippon India Money Market Fund Direct-Growth | Financial | Mutual Fund | 7.5% |
| ICICI Bank Ltd. | Financial | Equity | 4.6% |
| Tata Steel Ltd. | Metals | Equity | 4.3% |
| Nippon India Liquid Fund Direct-Growth | Financial | Mutual Fund | 4.2% |
| Bharti Airtel Ltd. | Communication | Equity | 2.9% |
| State Bank of India | Financial | Equity | 2.9% |
| Indusind Bank Ltd. | Financial | Equity | 2.7% |
| Sun Pharmaceutical Inds. Ltd. | Healthcare | Equity | 2.7% |
| Grasim Industries Ltd. | Construction | Equity | 2.5% |
| Housing Development Finance Corpn. Ltd. | Financial | Equity | 2.5% |
Fund Managers
Nippon India Arbitrage Fund Direct IDCW Details
Nippon India Arbitrage Fund Direct IDCW is a Hybrid Mutual Fund Scheme launched by Nippon India Mutual Fund. This scheme was made available to investors on 01 Jan 2013. Payal Kaipunjal is the Current Fund Manager of Nippon India Arbitrage Fund Direct IDCW fund.The fund currently has an Asset Under Management(AUM) of ₹11,038 Cr and the Latest NAV as of 12 May 2021 is ₹13.52.
The Nippon India Arbitrage Fund Direct IDCW is rated Low risk. Minimum SIP Investment is set to 100. Minimum Lumpsum Investment is 5000. Exit load of 0.25% if redeemed within 1 month
Investment Objective
The scheme seeks to generate income by taking advantage of the arbitrage opportunities that potentially exists between cash and derivative market and within the derivative segment 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.
