Nippon India Arbitrage Fund Direct Dividend Monthly is a Hybrid Mutual Fund Scheme launched by Reliance Mutual Fund. This scheme was introduced to investors on 01 Apr 2014. Payal Kaipunjal is the Current Fund Manager of Nippon India Arbitrage Fund Direct Dividend Monthly.The fund currently has an Asset Under Management(AUM) of ₹10,528 Cr and the Latest NAV as of 17 Jan 2020 is ₹11.13.
The Nippon India Arbitrage Fund Direct Dividend Monthly is rated Moderately Low risk. Minimum SIP Investment is 100. Minimum Lumpsum Investment is 5000. Exit load of 0.25% if redeemed within 1 month.
The investment objective of the scheme is 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.
Scheme Information Document(SID)
Min for First Investment
Min for Second Investment
Exit load of 0.25% if redeemed within 1 month