ICICI Prudential Equity Arbitrage Fund Direct Plan Growth

ICICI Prudential Equity Arbitrage Fund Direct Plan Growth

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Hybrid
Direct
Arbitrage Fund
NAV: ₹ 33.24 as on 23-02-2024
Fund Performance
zero opening, trading, fund transfer fee
269 people have invested ₹ 7.5Cr in ICICI Prudential Equity Arbitrage Fund Direct Plan Growth in the last three months

Mutual Fund Insights

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In the last 5 years, Tata Arbitrage Fund Direct Growth has given 6.13% return, outperforming this fund by 0.36% per annum.
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In the last 3 years, Invesco India Arbitrage Fund Direct Plan Growth Option has given 6.34% return, outperforming this fund by 0.36% per annum.
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This fund has one of the lowest expense ratio in the category (arbitrage fund). Its expense ratio is 0.3% which is lower than the category average expense ratio of 0.7%.
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Over the last 6 months, this fund has experienced a 37.9% growth in AUM moving from 11.82K Cr to 16.30K Cr.
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In the last 1 year, Kotak Equity Arbitrage Fund Direct Growth has given 8.44% return, outperforming this fund by 0.32%.
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Over the last 1 month, this fund has decreased expense ratio by 23.1% moving from 0.39 to 0.30.

About the ICICI Prudential Equity Arbitrage Fund Direct Plan Growth

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

Key Parameters

  1. ICICI Prudential Equity Arbitrage Fund Direct Plan Growth has ₹16307 Cr worth of assets under management (AUM) as on Jan 2024 and is more than category average.
  2. The fund has an expense ratio 0.3.

ICICI Prudential Equity Arbitrage Fund Direct Plan Growth Overview

Expense ratio
Expense ratio
0.3%
Benchmark
Benchmark
NIFTY 50 Arbitrage TR INR
AUM
AUM
₹16307 Cr
Inception Date
Inception Date
1 January, 2013
Min Lumpsum/SIP
Min Lumpsum/SIP
₹5000/₹1000
Exit Load
Exit Load
0.25%
Lock In
Lock In
No Lock-in
TurnOver
TurnOver
177.57%

ICICI Prudential Equity Arbitrage Fund Direct Plan Growth Distribution as on (31-Jan-24)

  • Debt & Cash 100%

Credit rating breakup

AAA
100%
Sector Allocation

Jan'24

Dec'23

Nov'23

Cash Equivalent
92.4%
Corporate
4.7%
Government
2.9%
Securitize
0%

Top Holdings of ICICI Prudential Equity Arbitrage Fund Direct Plan Growth as on (31-Jan-24)

  • Equity

  • Debt & Cash

Equity Holdings156
Debt Holdings23

ICICI Prudential Equity Arbitrage Fund Direct Plan Growth: Monthly Changes Updates

All changes are between Oct'69 and Dec'69
AUM Change
Parameters
Jan'24
Dec'23
Nov'23
AUM
₹ 16.3K Cr
₹ 16K Cr
₹ 16K Cr
  • AUM of the fund stands at 16.3K Cr as of Jan'24
  • AUM increased by 343 Cr between Jan'24 and Dec'23
Fund Portfolio Changes

ICICI Prudential Equity Arbitrage Fund Direct Plan Growth Fund Manager

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

ICICI Prudential Equity Arbitrage Fund Direct Plan Growth Highlights

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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 6.98% since inception which is more than its category average return of 5.12%
AUM size ₹16307 Cr

AUM size ₹16307 Cr

This fund has AUM of ₹16307 Cr which is more than its category average of ₹ 5371 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 Plan Growth is ₹33.24 as on 23-Feb-2024.
Existing (Absolute + CAGR) as on 23-Feb-2024.
ICICI Prudential Equity Arbitrage Fund Direct Plan Growth
Absolute Returns
CAGR Returns
1 Month Returns
0.61%
0.61%
6 Month Returns
4.13%
4.13%
1 Year Returns
8.12%
8.12%
3 Years Returns
19.04%
5.98%
5 Years Returns
32.4%
5.77%
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 January 2024
₹16307 Cr as on January 2024
ICICI Pru Savings Dir Gr(4.97%), HDFC Bank Ltd(4.25%), Reliance Industries Ltd(3.47%), 364 DTB 14032024(2.89%), Adani Ports & Special Economic Zone Ltd(2.41%) as on January 2024
Cash Equivalent(92.77%), Corporate(4.67%), Government(2.92%) as on January 2024
AAA
100
Rohan Maru, Nikhil Kabra are the fund managers of ICICI Prudential Equity Arbitrage Fund Direct Plan Growth
The Exit load of ICICI Prudential Equity Arbitrage Fund Direct Plan Growth is 0.25%