Axis Arbitrage Direct Growth
Hybrid
Direct
Arbitrage Fund
NAV: ₹ 18.6 as on 23-04-2024
Fund Performance
201 people have invested ₹ 1.4Cr in Axis Arbitrage Direct Growth in the last three months
Mutual Fund Insights
Over the last 6 months, this fund has experienced a 27.5% growth in AUM moving from 3.08K Cr to 3.93K Cr.
In the last 3 years, Invesco India Arbitrage Fund Direct Plan Growth Option has given 6.52% return, outperforming this fund by 0.28% per annum.
This fund has one of the lowest expense ratio in the category (arbitrage fund). Its expense ratio is 0.3% which is lower than the category average expense ratio of 0.7%.
In the last 1 year, Kotak Equity Arbitrage Fund Direct Growth has given 8.72% return, outperforming this fund by 0.39%.
In the last 5 years, Tata Arbitrage Fund Direct Growth has given 6.15% return, outperforming this fund by 0.24% per annum.
Over the last 1 month, this fund has decreased expense ratio by 3.2% moving from 0.31 to 0.30.
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 Devang Shah, Ashish Naik, Sachin Jain. This fund gives you the benefit of diversification.
Key Parameters
- Axis Arbitrage Direct Growth has ₹3931 Cr worth of assets under management (AUM) as on Mar 2024 and is less than category average.
- The fund has an expense ratio 0.3.
Axis Arbitrage Direct Growth Overview
 | 0.3% |
 Benchmark | NIFTY 50 Arbitrage TR INR |
 | ₹3931 Cr |
 | 14 August, 2014 |
 | ₹500/₹100 |
 Exit Load | 0.25% |
 | No Lock-in |
 TurnOver | 937.39% |
Axis Arbitrage Direct Growth Distribution as on (31-Mar-24)
Credit rating breakup
AAA
100%
Sector Allocation
Cash Equivalent
84.4%
Corporate
9.2%
Government
6.4%
Top Holdings of Axis Arbitrage Direct Growth as on (31-Mar-24)
Equity Holdings121
Debt Holdings14
Axis Arbitrage Direct Growth: Monthly Changes Updates
All changes are between Oct'69 and Dec'69
AUM Change
- 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
Peer Analysis
Axis Arbitrage Direct Growth Fund Manager
Devang Shah
Fund Manager of Axis Arbitrage Direct Growth, since 14 August 2014
Top funds managed
Ashish Naik
Fund Manager of Axis Arbitrage Direct Growth, since 4 May 2022
Top funds managed
Sachin Jain
Fund Manager of Axis Arbitrage Direct Growth, since 9 November 2021
Top funds managed
Axis Arbitrage Direct Growth Highlights
Low Risk
Investors understand that their principal will be at Low Risk
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
This fund has AUM of ₹3931 Cr which is less than its category average of ₹ 5953 Cr
Expense Ratio 0.3%
This fund has an expense ratio of 0.3% which is less than its category average expense ratio of 0.71%
Frequently Asked Questions
The current NAV of Axis Arbitrage Direct Growth is ₹18.6 as on 23-Apr-2024.
Existing (Absolute + CAGR) as on 23-Apr-2024.
Axis Arbitrage Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 0.86% | 0.86% |
6 Month Returns | 4.13% | 4.13% |
1 Year Returns | 8.33% | 8.33% |
3 Years Returns | 19.91% | 6.24% |
5 Years Returns | 33.25% | 5.91% |
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.
0.3% as on March 2024
₹3931 Cr as on March 2024
Axis Money Market Dir Gr(11.22%), HDFC Bank Ltd(7.17%), Reliance Industries Ltd(5.97%), Icici Securities Limited(3.56%), Kotak Securities Ltd(3.55%) as on March 2024
Cash Equivalent(82.59%), Corporate(11.37%), Government(6.52%) as on March 2024
AAA | 100 |
Devang Shah, Ashish Naik, Sachin Jain are the fund managers of Axis Arbitrage Direct Growth
The Exit load of Axis Arbitrage Direct Growth is 0.25%