AXIS Arbitrage Fund - Direct Plan - IDCW Payout
Hybrid
Direct
Arbitrage Fund
NAV: ₹ 11.4 as on 27-03-2023
Fund Performance
Axis Arbitrage Direct Pyt of Inc Dis cum Cap Wdrl Performance as on (27-Mar-23)
About the Fund
Axis Arbitrage Direct Pyt of Inc Dis cum Cap Wdrl 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
1) Axis Arbitrage Direct Pyt of Inc Dis cum Cap Wdrl has a NAV of ₹11.4493 as on 27-03-2023.
2) Axis Arbitrage Direct Pyt of Inc Dis cum Cap Wdrl has ₹3085 Cr worth of assets under management (AUM) as on 31-01-2023 and is less than category average.
3) The fund has an expense ratio 0.31 %.
Axis Arbitrage Direct Pyt of Inc Dis cum Cap Wdrl Overview
 | 0.31% |
 Benchmark | NIFTY 50 Arbitrage TR INR |
 | ₹3085 Cr |
 | 14 August, 2014 |
 | ₹500/₹100 |
 Exit Load | 0.25% |
 | No Lock-in |
 TurnOver | 1082.86% |
Fund Distribution as on (28-Feb-23)
Credit rating breakup
AAA
100%
Sector Allocation
Cash Equivalent
81.2%
Government
12.4%
Corporate
6.5%
Top Holdings of Axis Arbitrage Direct Pyt of Inc Dis cum Cap Wdrl as on (28-Feb-23)
Equity Holdings80
Holdings | Weight% | Holdings Trend | 1M Change |
|---|---|---|---|
 ICICI Bank Ltd | 5.97% | -9% | |
 Kotak Mahindra Bank Ltd | 5.38% | -6.7% | |
 Housing Development Finance Corp Ltd | 4.66% | 3.8% | |
 Reliance Industries Ltd | 3.88% | 7.5% | |
 DLF Ltd | 3.2% | 0% |
See all
Axis Arbitrage Direct Pyt of Inc Dis cum Cap Wdrl: Monthly Changes Updates
All changes are between Dec'22 and Feb'23
Fund Performance
- This fund’s returns stands at 0.74% whereas the fund’s underlying benchmark Arbitrage Fund Index returns stands at 0.67% as on Feb'23
- This fund outperformed Arbitrage Fund Index by 0.07% in Feb'23
AUM Change
- AUM of the fund stands at 3.1K Cr as of Feb'23
- AUM decreased by 140.4 Cr between Feb'23 and Jan'23
Fund Portfolio Changes
Top Stocks bought last month
Kotak Mahindra Bank Ltd's allocation increased from 0.21% to 5.52%
ICICI Bank Ltd's allocation increased from 3.4% to 6.11%
Reliance Industries Ltd's allocation increased from 2.51% to 3.5%
Top Stocks sold last month
Ambuja Cements Ltd's allocation decreased from 3.68 % to 3.65 %
United Spirits Ltd's allocation decreased from 3.7 % to 3.11 %
DLF Ltd's allocation decreased from 3.41 % to 3.1 %
Top 3 Sectors in February were Financial Services, Basic Materials & Government
Feb'23
Financial Services
38%
Basic Materials
20%
Government
12%
Jan'23
Financial Services
37%
Basic Materials
19%
Government
12%
Peer Analysis
Axis Arbitrage Direct Pyt of Inc Dis cum Cap Wdrl Fund Manager
Devang Shah
Fund Manager of Axis Arbitrage Direct Pyt of Inc Dis cum Cap Wdrl, since 14 August 2014
Top funds managed
Ashish Naik
Fund Manager of Axis Arbitrage Direct Pyt of Inc Dis cum Cap Wdrl, since 4 May 2022
Top funds managed
Sachin Jain
Fund Manager of Axis Arbitrage Direct Pyt of Inc Dis cum Cap Wdrl, since 9 November 2021
Top funds managed
Fund 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 6.22% since inception which is more than its category average return of 5.01%
AUM size ₹3085 Cr
This fund has AUM of ₹3085 Cr which is less than its category average of ₹ 3152 Cr
Expense Ratio 0.31%
This fund has an expense ratio of 0.31% which is less than its category average expense ratio of 0.74%
Frequently Asked Questions
The current NAV of Axis Arbitrage Direct Pyt of Inc Dis cum Cap Wdrl is 11.45 as on 27-Mar-2023.
Existing (Absolute + CAGR)
Axis Arbitrage Direct Pyt of Inc Dis cum Cap Wdrl | Absolute Returns | CAGR Returns |
1 Month Returns | 0.42% | 0.42% |
6 Month Returns | 3.21% | 3.21% |
1 Year Returns | 5.46% | 5.46% |
3 Years Returns | 15.5% | 4.92% |
5 Years Returns | 29.51% | 5.31% |
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 February 2023
3085 Cr as on February 2023
ICICI Bank Ltd(5.97%),Kotak Mahindra Bank Ltd(5.38%),Housing Development Finance Corp Ltd(4.66%),Reliance Industries Ltd(3.88%),DLF Ltd(3.2%) as on February 2023
Cash Equivalent(81.47%),Government(12.41%),Corporate(6.48%) as on February 2023
AAA | 100 |
Devang Shah,Ashish Naik,Sachin Jain are the fund managers of Axis Arbitrage Direct Pyt of Inc Dis cum Cap Wdrl
The Exit load of Axis Arbitrage Direct Pyt of Inc Dis cum Cap Wdrl is 0.25%