Bank of India Arbitrage Fund Direct Quarterly Payout of Income Dist cum Cap Wdrl

Hybrid
Direct
Arbitrage Fund
Bank of India Arbitrage Fund Direct Quarterly Payout of Income Dist cum Cap Wdrl

About the Fund

Bank of India Arbitrage Fund Direct Quarterly Payout of Income Dist cum Cap Wdrl is a hybrid fund. This fund was started on 18 June, 2018. The fund is managed by . This fund gives you the benefit of diversification.

Key Parameters

  1. Bank of India Arbitrage Fund Direct Quarterly Payout of Income Dist cum Cap Wdrl has ₹31 Cr worth of assets under management (AUM) as on May 2024 and is less than category average.
  2. The fund has an expense ratio 0.2.

Returns

Bank of India Arbitrage Fund Direct Quarterly Payout of Income Dist cum Cap Wdrl has given a CAGR return of 4.80% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 7.75%, 5.13% and 4.61% respectively.

Holdings

Bank of India Arbitrage Fund Direct Quarterly Payout of Income Dist cum Cap Wdrl has allocated its funds majorly in Cash Equivalent, Financial Services, Energy, Basic Materials, Industrial, Communication, Government, Consumer Cyclical, Health, Corporate, Tech, Utilities.

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 Bank of India Arbitrage Fund Direct Quarterly Payout of Income Dist cum Cap Wdrl

To generate income through arbitrage opportunities between cash and derivative segments of the equity market and arbitrage opportunities within the derivative segment and by deployment of surplus cash in debt securities and money market instruments. However, there is no assurance or guarantee that the investment objective of the scheme will be realized.

Minimum Investment and lockin period

Minimum investment for lump sum payment is INR 5000.00 and for SIP is INR 1000.00. Bank of India Arbitrage Fund Direct Quarterly Payout of Income Dist cum Cap Wdrl has no lock in period.

Fund Performance

Fund Overview

Expense ratio
Expense ratio
0.24%
Benchmark
Benchmark
NIFTY 50 Arbitrage TR INR
AUM
AUM
₹31 Cr
Inception Date
Inception Date
18 June, 2018
Min Lumpsum/SIP
Min Lumpsum/SIP
₹5000/₹1000
Exit Load
Exit Load
0.5%
Lock In
Lock In
No Lock-in
TurnOver
TurnOver
176.56%

Fund Distribution
as on (31-May-24)

  • Debt & Cash 100%

AAA
100%

Sector Allocation

May'24

Apr'24

Mar'24

Cash Equivalent
88.4%
Government
7.2%
Corporate
4.4%
All changes are between Oct'69 and Dec'69

Bank of India Arbitrage Fund Direct Quarterly Payout of Income Dist cum Cap Wdrl 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 4.8% since inception which is less than its category average return of 5.26%
AUM size ₹31 Cr

AUM size ₹31 Cr

This fund has AUM of ₹31 Cr which is less than its category average of ₹ 6913 Cr
Expense Ratio 0.24%

Expense Ratio 0.24%

This fund has an expense ratio of 0.24% which is less than its category average expense ratio of 0.71%

Frequently Asked Questions

The current NAV of Bank of India Arbitrage Fund Direct Quarterly Payout of Income Dist cum Cap Wdrl is ₹12.75 as on 14-Jun-2024.
Existing (Absolute + CAGR) as on 14-Jun-2024.
Bank of India Arbitrage Fund Direct Quarterly Payout of Income Dist cum Cap Wdrl
Absolute Returns
CAGR Returns
1 Month Returns
0.87%
0.87%
6 Month Returns
4.21%
4.21%
1 Year Returns
7.75%
7.75%
3 Years Returns
16.19%
5.13%
5 Years Returns
25.26%
4.61%
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.
0.24% as on May 2024
₹31 Cr as on May 2024
Bank of India Liquid Dir Gr(13.87%), HDFC Bank Ltd(7.01%), Reliance Industries Ltd(5.27%), Larsen & Toubro Ltd(4.93%), 364 DTB 24102024(4.67%) as on May 2024
Cash Equivalent(88.79%), Government(7.23%), Corporate(4.45%) as on May 2024
AAA
100
The Exit load of Bank of India Arbitrage Fund Direct Quarterly Payout of Income Dist cum Cap Wdrl is 0.5%