ICICI Prudential Equity Arbitrage Fund Direct Growth

ICICI Prudential Equity Arbitrage Fund Direct Growth

Hybrid

Direct

Arbitrage Fund

NAV as on 11-12-2024

₹ 35.32

Inception Returns

7%

/yr

About ICICI Prudential Equity Arbitrage Fund Direct Growth

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. This fund gives you the benefit of diversification.

Key Parameters

  1. ICICI Prudential Equity Arbitrage Fund Direct Growth has ₹24997 Cr worth of assets under management (AUM) as on Oct 2024 and is more than category average.
  2. The fund has an expense ratio 0.4.

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 8.28%, 6.86% and 5.94% respectively.

Holdings

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

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.

Historical NAV & Returns

Annualised

zero opening, trading, fund transfer fee
338 people have invested ₹ 9.6Cr in ICICI Prudential Equity Arbitrage Fund Direct Growth in the last three months

ICICI Prudential Equity Arbitrage Fund Direct Growth Overview

Expense ratio0.35%
Benchmark
NIFTY 50 Arbitrage TR INR
AUM₹24997 Cr
Inception Date1 January, 2013
Min Lumpsum/SIP₹5000/₹1000
Exit Load
0.2%
Lock InNo Lock-in
TurnOver
177.57%
STCGSelling mutual fund 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 (11-Dec-24)

Period
ICICI Prudential Equity Arbitrage Fund Direct Growth
Arbitrage Fund Index
1M
0.5%
0.4%
3M
1.7%
1.4%
6M
3.7%
3.2%
1Y
8.3%
7.4%
3Y
6.9%
6.2%
5Y
5.9%
5.2%

Fund Distribution

as on (31-Oct-24)

  • Debt & Cash 100%

AAA
100%

Sector Allocation

Oct'24

Sep'24

Aug'24

Cash Equivalent
83.3%
Corporate
14.9%
Government
1.7%
Securitize
0%
All changes are between Oct'69 and Dec'69
Parameters
Oct'24
Sep'24
Aug'24
AUM
₹ 25K Cr
₹ 24K Cr
₹ 24.1K Cr
  • AUM of the fund stands at 25K Cr as of Oct'24
  • AUM increased by 1K Cr between Oct'24 and Sep'24

Top 3 Sectors in October were Financial Services, Industrial & Corporate

Oct'24
Financial Services
28%
Industrial
16%
Corporate
15%
Sep'24
Financial Services
28%
Industrial
16%
Corporate
15%
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Nikhil Kabra
Nikhil Kabra
Fund Manager of ICICI Prudential Equity Arbitrage Fund Direct Growth, since 29 December 2020
Fund House
ICICI Prudential Asset Management Company Limited
Total Schemes
Total AUM
₹8.35L Cr
as on 31-Oct-2024
Address
ICICI Prudential Asset Mgmt.Company Limited,3rd Floor, Hallmark Business Plaza,,Sant Dyaneshwar Marg,,Bandra (East)
Phone
+912226428000
Website
investor.helpdesk@hdfcbank.com

Mutual Fund Insights

Insights icon
In the last 1 year, Kotak Equity Arbitrage Fund Direct Growth has given 8.5% return, outperforming this fund by 0.21%.
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In the last 3 years, Invesco India Arbitrage Fund Direct Plan Growth Option has given 7.37% return, outperforming this fund by 0.51% per annum.
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This fund has one of the lowest expense ratio in the category (arbitrage fund). Its expense ratio is 0.35% which is lower than the category average expense ratio of 0.69%.
Insights icon
In the last 5 years, Tata Arbitrage Fund Direct Growth has given 6.24% return, outperforming this fund by 0.3% per annum.
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Over the last 1 month, this fund has increased expense ratio by 12.9% moving from 0.31 to 0.35.
Insights icon
Over the last 6 months, this fund has experienced a 19.6% growth in AUM moving from 20.89K Cr to 24.99K Cr.

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 5.27%
AUM size ₹24997 Cr

AUM size ₹24997 Cr

This fund has AUM of ₹24997 Cr which is more than its category average of ₹ 7491 Cr
Expense Ratio 0.35%

Expense Ratio 0.35%

This fund has an expense ratio of 0.35% which is less than its category average expense ratio of 0.7%

Frequently Asked Questions for ICICI Prudential Equity Arbitrage Fund Direct Growth

The current NAV of ICICI Prudential Equity Arbitrage Fund Direct Growth is ₹35.32 as on 11-Dec-2024.
Existing (Absolute + CAGR) as on 11-Dec-2024.
ICICI Prudential Equity Arbitrage Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
0.5%
0.5%
6 Month Returns
3.71%
3.71%
1 Year Returns
8.28%
8.28%
3 Years Returns
22.02%
6.86%
5 Years Returns
33.44%
5.94%
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.
0.35% as on November 2024
₹24997 Cr as on November 2024
ICICI Pru Money Market Dir Gr(11.07%), ICICI Pru Savings Dir Gr(3.5%), Reliance Industries Ltd(3.25%), HDFC Bank Ltd(2.35%), Tata Consultancy Services Ltd(2.27%) as on November 2024
Cash Equivalent(91.09%), Corporate(7.86%), Government(1.45%) as on November 2024
AAA
100
Nikhil Kabra is the fund manager of ICICI Prudential Equity Arbitrage Fund Direct Growth
The Exit load of ICICI Prudential Equity Arbitrage Fund Direct Growth is 0.25%