Axis Arbitrage Direct Growth

Axis Arbitrage Direct Growth

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Hybrid
Direct
Arbitrage Fund
NAV: ₹ 18.55 as on 12-04-2024
Fund Performance
zero opening, trading, fund transfer fee
199 people have invested ₹ 1.4Cr in Axis Arbitrage Direct Growth in the last three months

Mutual Fund Insights

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Over the last 6 months, this fund has increased expense ratio by 3.3% moving from 0.30 to 0.31.
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This fund has one of the lowest expense ratio in the category (arbitrage fund). Its expense ratio is 0.31% which is lower than the category average expense ratio of 0.7%.
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Over the last 6 months, this fund has experienced a 27.5% growth in AUM moving from 3.08K Cr to 3.93K Cr.
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In the last 5 years, Tata Arbitrage Fund Direct Growth has given 6.22% return, outperforming this fund by 0.28% per annum.
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In the last 3 years, Invesco India Arbitrage Fund Direct Plan Growth Option has given 6.5% return, outperforming this fund by 0.28% per annum.
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In the last 1 year, Kotak Equity Arbitrage Fund Direct Growth has given 8.65% return, outperforming this fund by 0.4%.

About the Axis Arbitrage Direct Growth

Axis Arbitrage Direct Growth is a hybrid fund. This fund was started on 14 August, 2014. The fund is managed by Sachin Jain, Ashish Naik, Devang Shah. This fund gives you the benefit of diversification.

Key Parameters

  1. Axis Arbitrage Direct Growth has ₹3931 Cr worth of assets under management (AUM) as on Mar 2024 and is less than category average.
  2. The fund has an expense ratio 0.3.

Axis Arbitrage Direct Growth Overview

Expense ratio
Expense ratio
0.31%
Benchmark
Benchmark
NIFTY 50 Arbitrage TR INR
AUM
AUM
₹3931 Cr
Inception Date
Inception Date
14 August, 2014
Min Lumpsum/SIP
Min Lumpsum/SIP
₹500/₹100
Exit Load
Exit Load
0.25%
Lock In
Lock In
No Lock-in
TurnOver
TurnOver
937.39%

Axis Arbitrage Direct Growth Distribution as on (31-Mar-24)

  • Debt & Cash 100%

Credit rating breakup

AAA
100%
Sector Allocation

Mar'24

Feb'24

Jan'24

Cash Equivalent
84.4%
Corporate
9.2%
Government
6.4%

Top Holdings of Axis Arbitrage Direct Growth as on (31-Mar-24)

  • Equity

  • Debt & Cash

Equity Holdings113
Debt Holdings18

Axis Arbitrage Direct Growth: Monthly Changes Updates

All changes are between Oct'69 and Dec'69
AUM Change
Parameters
Mar'24
Feb'24
Jan'24
AUM
₹ 3.9K Cr
₹ 4K Cr
₹ 3.8K Cr
  • AUM of the fund stands at 3.9K Cr as of Mar'24
  • AUM decreased by 35.1 Cr between Mar'24 and Feb'24
Fund Portfolio Changes

Axis Arbitrage Direct Growth Fund Manager

Sachin Jain
Sachin Jain
Fund Manager of Axis Arbitrage Direct Growth, since 9 November 2021
Ashish Naik
Ashish Naik
Fund Manager of Axis Arbitrage Direct Growth, since 4 May 2022
Devang Shah
Devang Shah
Fund Manager of Axis Arbitrage Direct Growth, since 14 August 2014

Axis Arbitrage Direct Growth Highlights

Risk meter
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Low Risk

Investors understand that their principal will be at Low Risk
About the fund

About the fund

This fund has delivered an average annual returns of 6.61% since inception which is more than its category average return of 5.18%
AUM size ₹3931 Cr

AUM size ₹3931 Cr

This fund has AUM of ₹3931 Cr which is less than its category average of ₹ 5953 Cr
Expense Ratio 0.31%

Expense Ratio 0.31%

This fund has an expense ratio of 0.31% which is less than its category average expense ratio of 0.71%

Frequently Asked Questions

The current NAV of Axis Arbitrage Direct Growth is ₹18.55 as on 12-Apr-2024.
Existing (Absolute + CAGR) as on 12-Apr-2024.
Axis Arbitrage Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
0.87%
0.87%
6 Month Returns
4.22%
4.22%
1 Year Returns
8.25%
8.25%
3 Years Returns
19.84%
6.22%
5 Years Returns
33.42%
5.94%
With INDmoney, the process of investing is very simple and involves zero commission.
  • Click Buy on the fund name.
  • Input the amount you are looking to invest.
  • Select Lump Sum or SIP (Weekly, Monthly or Quarterly).
  • Select your bank account and proceed with Payment.
0.31% as on March 2024
₹3931 Cr as on March 2024
Axis Money Market Dir Gr(11.03%), HDFC Bank Ltd(5.79%), Reliance Industries Ltd(3.85%), Icici Securities Limited(3.5%), Kotak Securities Ltd(3.49%) as on March 2024
Cash Equivalent(84.72%), Corporate(9.22%), Government(6.47%) as on March 2024
AAA
100
Sachin Jain, Ashish Naik, Devang Shah are the fund managers of Axis Arbitrage Direct Growth
The Exit load of Axis Arbitrage Direct Growth is 0.25%