| Risk | Moderately Low |
|---|---|
| Min SIP Amount | ₹100 |
| Expense Ratio | 0.35% |
| NAV | ₹13.22 (29 Oct 2020) |
|---|---|
| Fund Started | 01 Jan 2013 |
| Fund Size | ₹7,168 Cr |
| Name | Sector | Instrument | % Assets |
|---|---|---|---|
| Nippon India Money Market Fund Direct-Growth | Financial | Mutual Fund | 7.8% |
| Bharti Airtel Ltd. | Communication | Equity | 5.7% |
| Reliance Industries Ltd. | Energy | Equity | 5.6% |
| HDFC Bank Ltd. | Financial | Fixed Deposits | 5.6% |
| ICICI Bank Ltd. | Financial | Equity | 4.8% |
| Housing Development Finance Corpn. Ltd. | Financial | Equity | 4.8% |
| Federal Bank Ltd. | Financial | Fixed Deposits | 4.5% |
| Nippon India Liquid Fund Direct-Growth | Financial | Mutual Fund | 4.5% |
| REC Ltd. | Financial | Debenture | 2.6% |
| Sun Pharmaceutical Inds. Ltd. | Healthcare | Equity | 2.5% |
Nippon India Arbitrage Fund Direct Dividend 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 Dividend fund.The fund currently has an Asset Under Management(AUM) of ₹7,168 Cr and the Latest NAV as of 29 Oct 2020 is ₹13.22.
The Nippon India Arbitrage Fund Direct Dividend is rated Moderately Low risk. Minimum SIP Investment is set to 100. Minimum Lumpsum Investment is 5000. Exit load of 0.25% if redeemed within 1 month
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.
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.