ICICI Prudential Equity Arbitrage Fund Direct Growth

Hybrid
Direct
Arbitrage Fund
ICICI Prudential Equity Arbitrage Fund Direct Growth

About the Fund

ICICI Prudential Equity Arbitrage Fund Direct Growth is a hybrid fund. This fund was started on 1 January, 2013. The fund is managed by Nikhil Kabra, Rohan Maru. This fund gives you the benefit of diversification.

Key Parameters

  1. ICICI Prudential Equity Arbitrage Fund Direct Growth has ₹22163 Cr worth of assets under management (AUM) as on Jun 2024 and is more than category average.
  2. The fund has an expense ratio 0.3.

Returns

ICICI Prudential Equity Arbitrage Fund Direct Growth has given a CAGR return of 7.04% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 8.53%, 6.41% and 5.84% respectively.

Holdings

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

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 ICICI Prudential Equity Arbitrage Fund Direct Growth

To generate low volatility returns by using arbitrage and other derivative strategies in equity markets and investments in debt and money market instruments. However there can be no assurance or guarantee that the investment objective of the scheme would be achieved.

Minimum Investment and lockin period

Minimum investment for lump sum payment is INR 5000.00 and for SIP is INR 1000.00. ICICI Prudential Equity Arbitrage Fund Direct Growth has no lock in period.

Fund Performance
zero opening, trading, fund transfer fee
329 people have invested ₹ 10.3Cr in ICICI Prudential Equity Arbitrage Fund Direct Growth in the last three months

Fund Overview

Expense ratio0.3%
Benchmark
NIFTY 50 Arbitrage TR INR
AUM₹22163 Cr
Inception Date1 January, 2013
Min Lumpsum/SIP₹5000/₹1000
Exit Load
0.25%
Lock InNo Lock-in
TurnOver
177.57%
Risk
Risk meter
pointer
Low Risk

Fund Distribution
as on (30-Jun-24)

  • Debt & Cash 100%

AAA
100%

Sector Allocation

Jun'24

May'24

Apr'24

Cash Equivalent
85.2%
Corporate
10%
Government
4.8%
Securitize
0%
All changes are between Oct'69 and Dec'69

Nikhil Kabra
Nikhil Kabra
Fund Manager of ICICI Prudential Equity Arbitrage Fund Direct Growth, since 29 December 2020
Rohan Maru
Rohan Maru
Fund Manager of ICICI Prudential Equity Arbitrage Fund Direct Growth, since 29 December 2020

Mutual Fund Insights

Insights icon
Over the last 3 months, this fund has experienced a 25.0% growth in AUM moving from 17.72K Cr to 22.16K Cr.
Insights icon
In the last 1 year, Kotak Equity Arbitrage Fund Direct Growth has given 8.81% return, outperforming this fund by 0.27%.
Insights icon
Over the last 6 months, this fund has decreased expense ratio by 23.1% moving from 0.39 to 0.30.
Insights icon
In the last 5 years, Tata Arbitrage Fund Direct Growth has given 6.18% return, outperforming this fund by 0.34% per annum.
Insights icon
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 0.69%.
Insights icon
In the last 3 years, Invesco India Arbitrage Fund Direct Plan Growth Option has given 6.84% return, outperforming this fund by 0.43% per annum.

ICICI Prudential Equity 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 7.04% since inception which is more than its category average return of 5.3%
AUM size ₹22163 Cr

AUM size ₹22163 Cr

This fund has AUM of ₹22163 Cr which is more than its category average of ₹ 6908 Cr
Expense Ratio 0.3%

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 ICICI Prudential Equity Arbitrage Fund Direct Growth is ₹34.36 as on 19-Jul-2024.
Existing (Absolute + CAGR) as on 19-Jul-2024.
ICICI Prudential Equity Arbitrage Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
0.7%
0.7%
6 Month Returns
4.26%
4.26%
1 Year Returns
8.53%
8.53%
3 Years Returns
20.5%
6.41%
5 Years Returns
32.81%
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.
0.3% as on June 2024
₹22163 Cr as on June 2024
ICICI Pru Money Market Dir Gr(8.3%), HDFC Bank Ltd(4.06%), ICICI Pru Savings Dir Gr(3.78%), Vodafone Idea Ltd(2.54%), Adani Enterprises Ltd(2.52%) as on June 2024
Cash Equivalent(85.53%), Corporate(10.05%), Government(4.83%) as on June 2024
AAA
100
Nikhil Kabra, Rohan Maru are the fund managers of ICICI Prudential Equity Arbitrage Fund Direct Growth
The Exit load of ICICI Prudential Equity Arbitrage Fund Direct Growth is 0.25%