| Risk | Moderately Low |
|---|---|
| Min SIP Amount | ₹100 |
| Expense Ratio | 1.02% |
| NAV | ₹20.49 (25 Sep 2020) |
|---|---|
| Fund Started | 14 Oct 2010 |
| Fund Size | ₹7,384 Cr |
| Name | Sector | Instrument | % Assets |
|---|---|---|---|
| Nippon India Money Market Fund Direct-Growth | Financial | Mutual Fund | 6.3% |
| Reliance Industries Ltd. | Energy | Equity | 6.2% |
| HDFC Bank Ltd. | Financial | Fixed Deposits | 5.4% |
| Bharti Airtel Ltd. | Communication | Equity | 5.4% |
| ICICI Bank Ltd. | Financial | Equity | 5.3% |
| Housing Development Finance Corpn. Ltd. | Financial | Equity | 5.0% |
| Federal Bank Ltd. | Financial | Fixed Deposits | 4.4% |
| Nippon India Liquid Fund Direct-Growth | Financial | Mutual Fund | 4.4% |
| Axis Bank Ltd. | Financial | Equity | 3.0% |
| REC Ltd. | Financial | Debenture | 2.6% |
Nippon India Arbitrage Fund Growth is a Hybrid Mutual Fund Scheme launched by Nippon India Mutual Fund. This scheme was made available to investors on 14 Oct 2010. Payal Kaipunjal is the Current Fund Manager of Nippon India Arbitrage Fund Growth fund.The fund currently has an Asset Under Management(AUM) of ₹7,384 Cr and the Latest NAV as of 25 Sep 2020 is ₹20.49.
The Nippon India Arbitrage Fund Growth 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.