AXIS Arbitrage Fund - Direct Plan - IDCW Payout
AXIS Arbitrage Fund - Direct Plan - IDCW Payout

AXIS Arbitrage Fund - Direct Plan - IDCW Payout

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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)

Return
1M
3M
6M
1Y
3Y
5Y
Axis Arbitrage Direct Pyt of Inc Dis cum Cap Wdrl
0.4%
1.7%
3.2%
5.5%
4.9%
5.3%
Arbitrage Fund Index
0.4%
1.5%
2.9%
4.7%
4%
4.5%

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

Expense ratio
Expense ratio
0.31%
Benchmark
Benchmark
NIFTY 50 Arbitrage TR INR
AUM
AUM
₹3085 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
1082.86%

Fund Distribution as on (28-Feb-23)

  • Debt & Cash 100%

Credit rating breakup

AAA
100%

Sector Allocation

Feb'23

Jan'23

Dec'22

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

Equity Holdings80

Axis Arbitrage Direct Pyt of Inc Dis cum Cap Wdrl: Monthly Changes Updates

All changes are between Dec'22 and Feb'23

Fund Performance

Feb'23
Jan'23
Dec'22
Fund Returns
0.74%
0.45%
0.68%
Arbitrage Fund Index
0.67%
0.34%
0.65%
  • 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

Parameters
Feb'23
Jan'23
Dec'22
AUM
₹ 3.1K Cr
₹ 3.2K Cr
₹ 3.3K Cr
  • 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%
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%
ICICI Bank Ltd's allocation increased from 3.4% to 6.11%
Reliance Industries Ltd's allocation increased from 2.51% to 3.5%
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 %
Ambuja Cements Ltd's allocation decreased from 3.68 % to 3.65 %
United Spirits Ltd's allocation decreased from 3.7 % to 3.11 %
United Spirits Ltd's allocation decreased from 3.7 % to 3.11 %
DLF Ltd's allocation decreased from 3.41 % to 3.1 %
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%

Axis Arbitrage Direct Pyt of Inc Dis cum Cap Wdrl Fund Manager

Devang Shah

Devang Shah

Fund Manager of Axis Arbitrage Direct Pyt of Inc Dis cum Cap Wdrl, since 14 August 2014
Ashish Naik

Ashish Naik

Fund Manager of Axis Arbitrage Direct Pyt of Inc Dis cum Cap Wdrl, since 4 May 2022
Sachin Jain

Sachin Jain

Fund Manager of Axis Arbitrage Direct Pyt of Inc Dis cum Cap Wdrl, since 9 November 2021

Fund Highlights

Risk meter
pointer

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 6.22% since inception which is more than its category average return of 5.01%
AUM size ₹3085 Cr

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%

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.
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  • 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%