Bandhan Arbitrage Fund Direct Growth

Bandhan Arbitrage Fund Direct Growth

Hybrid

Direct

Arbitrage Fund

NAV as on 31-10-2024

₹ 33.43

Inception Returns

6.9%

/yr

About Bandhan Arbitrage Fund Direct Growth

Bandhan Arbitrage Fund Direct Growth is a hybrid fund. This fund was started on 17 January, 2013. The fund is managed by Harshal Joshi. This fund gives you the benefit of diversification.

Key Parameters

  1. Bandhan Arbitrage Fund Direct Growth has ₹6876 Cr worth of assets under management (AUM) as on Sep 2024 and is less than category average.
  2. The fund has an expense ratio 0.4.

Returns

Bandhan Arbitrage Fund Direct Growth has given a CAGR return of 6.93% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 8.23%, 6.78% and 5.84% respectively.

Holdings

Bandhan Arbitrage Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Basic Materials, Corporate, Industrial, Consumer Cyclical, Energy, Tech, Government, Health, Communication, Consumer Defensive, Utilities, Real Estate.

Taxation

As it is a arbitrage fund mutual fund the taxation is as follows:
If the fund is equity oriented i.e. asset allocation of more than 65% in equity instruments:
For short term (less than a year) capital gains will be taxed at 15%
For long term (more than 1 year) capital gains will be taxed at 10% without indexation benefit
Gains up to Rs 1 lakh are exempt from taxation (more than 12 months).

Investment objective of Bandhan Arbitrage Fund Direct Growth

The investment objective of the Scheme is to generate capital appreciation and income by predominantly investing in arbitrage opportunity in the cash and the derivative segments of the equity markets and the arbitrage opportunity available within the derivative segments and by investing the balance in debt and money market instruments. However there is no assurance that the investment objective of the scheme will be realized.

Minimum Investment and lockin period

Minimum investment for lump sum payment is INR 100.00 and for SIP is INR 100.00. Bandhan Arbitrage Fund Direct Growth has no lock in period.

Historical NAV & Returns

Annualised

zero opening, trading, fund transfer fee
720 people have invested ₹ 2.9Cr in Bandhan Arbitrage Fund Direct Growth in the last three months

Bandhan Arbitrage Fund Direct Growth Overview

Expense ratio0.37%
Benchmark
NIFTY 50 Arbitrage TR INR
AUM₹6876 Cr
Inception Date17 January, 2013
Min Lumpsum/SIP₹100/₹100
Exit Load
0.2%
Lock InNo Lock-in
TurnOver
569.01%
STCGRedeeming before 1 year, returns taxed at 20%.
LTCGAfter 1 year, 12.5% tax on returns over ₹1.25 lakh/year.
Risk
Risk meter
pointer
Low Risk

Trailing Returns

as on (31-Oct-24)

Period
Bandhan Arbitrage Fund Direct Growth
Arbitrage Fund Index
1M
0.7%
0.5%
3M
1.9%
1.5%
6M
3.9%
3.4%
1Y
8.2%
7.2%
3Y
6.8%
6%
5Y
5.8%
5.2%

Fund Distribution

as on (30-Sep-24)

  • Debt & Cash 100%

AAA
100%

Sector Allocation

Sep'24

Aug'24

Jul'24

Cash Equivalent
82.3%
Corporate
14.7%
Government
3%
All changes are between Oct'69 and Dec'69
Parameters
Sep'24
Aug'24
Jul'24
AUM
₹ 6.7K Cr
₹ 6.7K Cr
₹ 7K Cr
  • AUM of the fund stands at 6.7K Cr as of Sep'24
  • AUM has remained same between Sep'24 and Aug'24

Top 3 Sectors in September were Financial Services, Basic Materials & Corporate

Sep'24
Financial Services
29%
Basic Materials
16%
Corporate
15%
Aug'24
Financial Services
29%
Basic Materials
16%
Corporate
15%
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Harshal Joshi
Harshal Joshi
Fund Manager of Bandhan Arbitrage Fund Direct Growth, since 20 October 2016
Fund House
Bandhan Asset Management Company Limited
Total AUM
₹1.57L Cr
as on 30-Sep-2024
Address
Bandhan Asset Management Company Limited,6th Floor, 841, One World Center,Jupiter Mill, Senapati Bapat Marg, Elphinstone Road (West), Mumbai
Phone
022-66289999
Website
investormf@bandhanamc.com

Mutual Fund Insights

Insights icon
Over the last 6 months, this fund has increased expense ratio by 2.8% moving from 0.36 to 0.37.
Insights icon
This fund has one of the lowest expense ratio in the category (arbitrage fund). Its expense ratio is 0.37% which is lower than the category average expense ratio of 0.69%.
Insights icon
Over the last 6 months, this fund has experienced a 19.2% growth in AUM moving from 5.76K Cr to 6.87K Cr.
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In the last 5 years, Tata Arbitrage Fund Direct Growth has given 6.19% return, outperforming this fund by 0.35% per annum.
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In the last 1 year, Kotak Equity Arbitrage Fund Direct Growth has given 8.35% return, outperforming this fund by 0.12%.
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In the last 3 years, Invesco India Arbitrage Fund Direct Plan Growth Option has given 7.21% return, outperforming this fund by 0.44% per annum.

Bandhan Arbitrage Fund Direct Growth 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 6.93% since inception which is more than its category average return of 5.37%
AUM size ₹6876 Cr

AUM size ₹6876 Cr

This fund has AUM of ₹6876 Cr which is less than its category average of ₹ 7430 Cr
Expense Ratio 0.37%

Expense Ratio 0.37%

This fund has an expense ratio of 0.37% which is less than its category average expense ratio of 0.71%

Frequently Asked Questions for Bandhan Arbitrage Fund Direct Growth

The current NAV of Bandhan Arbitrage Fund Direct Growth is ₹33.43 as on 31-Oct-2024.
Existing (Absolute + CAGR) as on 31-Oct-2024.
Bandhan Arbitrage Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
0.69%
0.69%
6 Month Returns
3.94%
3.94%
1 Year Returns
8.23%
8.23%
3 Years Returns
21.73%
6.78%
5 Years Returns
32.84%
5.84%
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.
0.37% as on October 2024
₹6876 Cr as on October 2024
Bandhan Money Manager Dir Gr(12.79%), Bandhan Low Duration Dir Gr(4.99%), HDFC Bank Ltd(2.84%), Infosys Ltd(2.25%), Bajaj Finance Limited(2.25%) as on October 2024
Cash Equivalent(79.12%), Corporate(14.95%), Government(6.45%) as on October 2024
AAA
100
Harshal Joshi is the fund manager of Bandhan Arbitrage Fund Direct Growth
The Exit load of Bandhan Arbitrage Fund Direct Growth is 0.25%