UTI Arbitrage Fund Direct Growth is a Hybrid Mutual Fund Scheme launched by UTI Mutual Fund. This scheme was introduced to investors on 01 Jan 2013. Kaushik Basu is the Current Fund Manager of UTI Arbitrage Fund Direct Growth.The fund currently has an Asset Under Management(AUM) of ₹2,751 Cr and the Latest NAV as of 18 Oct 2019 is ₹26.60.
The UTI Arbitrage Fund Direct Growth is rated Moderately Low risk. Minimum SIP Investment is 500. Minimum Lumpsum Investment is 5000. For units in excess of 10% of the investment, 0.25% will be charged for redemption within 21 days..
Investment Objective
The investment objective of the fund is to provide capital appreciation and dividend distribution through arbitrage opportunities arising out of price differences between the cash and derivative market by investing predominantly in equity and equity-related securities, derivatives and the balance portion in debt securities.
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.
Scheme Information Document(SID)
₹5000
Min for First Investment
₹1000
Min for Second Investment
For units in excess of 10% of the investment, 0.25% will be charged for redemption within 21 days.
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