LIC MF Arbitrage Fund Direct Growth

LIC MF Arbitrage Fund Direct Growth

Hybrid

Direct

Arbitrage Fund

NAV as on 29-11-2024

₹ 13.85

Inception Returns

5.7%

/yr

About LIC MF Arbitrage Fund Direct Growth

LIC MF Arbitrage Fund Direct Growth is a hybrid fund. This fund was started on 25 January, 2019. The fund is managed by Sanjay Pawar. This fund gives you the benefit of diversification.

Key Parameters

  1. LIC MF Arbitrage Fund Direct Growth has ₹206 Cr worth of assets under management (AUM) as on Oct 2024 and is less than category average.
  2. The fund has an expense ratio 0.3.

Returns

LIC MF Arbitrage Fund Direct Growth has given a CAGR return of 5.73% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 7.75%, 6.56% and 5.58% respectively.

Holdings

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

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 LIC MF Arbitrage Fund Direct Growth

The investment objective of the scheme is to generate income by taking advantage of arbitrage opportunities that potentially exists between cash and derivative market and within the derivative segment of the equity market along with investments in debt securities & money market instruments.However, there is no assurance that the investment objective of the Schemes will be realized.

Minimum Investment and lockin period

Minimum investment for lump sum payment is INR 5000.00 and for SIP is INR 200.00. LIC MF Arbitrage Fund Direct Growth has no lock in period.

Historical NAV & Returns

Annualised

zero opening, trading, fund transfer fee
1 people have invested ₹ 20.2K in LIC MF Arbitrage Fund Direct Growth in the last three months

LIC MF Arbitrage Fund Direct Growth Overview

Expense ratio0.34%
Benchmark
NIFTY 50 Arbitrage TR INR
AUM₹206 Cr
Inception Date25 January, 2019
Min Lumpsum/SIP₹5000/₹200
Exit Load
0.2%
Lock InNo Lock-in
TurnOver
472.9%
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 (29-Nov-24)

Period
LIC MF Arbitrage Fund Direct Growth
Arbitrage Fund Index
1M
0.6%
0.5%
3M
1.8%
1.6%
6M
3.7%
3.4%
1Y
7.7%
7.4%
3Y
6.6%
6.1%
5Y
5.6%
5.2%

Fund Distribution

as on (31-Oct-24)

  • Debt & Cash 100%

AA
100%

Sector Allocation

Oct'24

Sep'24

Aug'24

Cash Equivalent
88.9%
Corporate
10%
Government
1.2%
All changes are between Oct'69 and Dec'69
Parameters
Oct'24
Sep'24
Aug'24
AUM
₹ 206.2 Cr
₹ 136.4 Cr
₹ 141.6 Cr
  • AUM of the fund stands at 206.2 Cr as of Oct'24
  • AUM increased by 69.8 Cr between Oct'24 and Sep'24

Top 3 Sectors in October were Financial Services, Industrial & Basic Materials

Oct'24
Financial Services
33%
Industrial
20%
Consumer Cyclical
11%
Sep'24
Financial Services
34%
Industrial
26%
Basic Materials
17%
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Sanjay Pawar
Sanjay Pawar
Fund Manager of LIC MF Arbitrage Fund Direct Growth, since 1 January 2022
Fund House
LIC Mutual Fund Asset Management Limited
Total Schemes
Total AUM
₹27.84K Cr
as on 31-Oct-2024
Address
LIC Mutual Fund Asset Management Limited,4th Floor, Industrial Assurance Building,,Opp. Churchgate Station,
Phone
+91022-66016000
Website
licmfamc@licmutual.com

Mutual Fund Insights

Insights icon
This fund has one of the lowest expense ratio in the category (arbitrage fund). Its expense ratio is 0.34% 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 7.25% return, outperforming this fund by 0.68% per annum.
Insights icon
In the last 1 year, Kotak Equity Arbitrage Fund Direct Growth has given 8.47% return, outperforming this fund by 0.72%.
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In the last 5 years, Tata Arbitrage Fund Direct Growth has given 6.21% return, outperforming this fund by 0.64% per annum.
Insights icon
Over the last 1 month, this fund has experienced a 51.1% growth in AUM moving from 136.44 Cr to 206.22 Cr.

LIC MF 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 5.73% since inception which is more than its category average return of 5.29%
AUM size ₹206 Cr

AUM size ₹206 Cr

This fund has AUM of ₹206 Cr which is less than its category average of ₹ 7500 Cr
Expense Ratio 0.34%

Expense Ratio 0.34%

This fund has an expense ratio of 0.34% which is less than its category average expense ratio of 0.69%

Frequently Asked Questions for LIC MF Arbitrage Fund Direct Growth

The current NAV of LIC MF Arbitrage Fund Direct Growth is ₹13.85 as on 29-Nov-2024.
Existing (Absolute + CAGR) as on 29-Nov-2024.
LIC MF Arbitrage Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
0.58%
0.58%
6 Month Returns
3.73%
3.73%
1 Year Returns
7.75%
7.75%
3 Years Returns
21.01%
6.56%
5 Years Returns
31.17%
5.58%
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.
0.34% as on November 2024
₹206 Cr as on November 2024
LIC MF Liquid Dir Gr(20.83%), Reliance Industries Ltd(5.3%), LIC MF Low Duration Dir Gr(3.89%), Bharat Heavy Electricals Ltd(3.5%), Bharat Electronics Ltd(3.15%) as on November 2024
Cash Equivalent(89.39%), Corporate(10.04%), Government(1.17%) as on November 2024
AA
100
Sanjay Pawar is the fund manager of LIC MF Arbitrage Fund Direct Growth
The Exit load of LIC MF Arbitrage Fund Direct Growth is 0.25%