Nippon India Arbitrage Fund Direct Growth

Nippon India Arbitrage Fund Direct Growth

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Hybrid
Direct
Arbitrage Fund
NAV: ₹ 26.61 as on 13-06-2024

About the Fund

Nippon India Arbitrage Fund Direct Growth is a hybrid fund. This fund was started on 1 January, 2013. The fund is managed by Anand Gupta, Anju Chhajer, Kinjal Desai. This fund gives you the benefit of diversification.

Key Parameters

  1. Nippon India Arbitrage Fund Direct Growth has ₹15158 Cr worth of assets under management (AUM) as on Apr 2024 and is more than category average.
  2. The fund has an expense ratio 0.4.

Returns

Nippon India Arbitrage Fund Direct Growth has given a CAGR return of 7.10% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 8.52%, 6.46% and 5.97% respectively.

Holdings

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

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 Nippon India Arbitrage Fund Direct Growth

The investment objective of the scheme is to generate income by taking advantage of the arbitrage opportunities that potentially exists between cash and derivative market and within the derivative segment along with investments indeb tsecurities & money market instruments.

Minimum Investment and lockin period

Minimum investment for lump sum payment is INR 5000.00 and for SIP is INR 100.00. Nippon India Arbitrage Fund Direct Growth has no lock in period.

Fund Performance
zero opening, trading, fund transfer fee
370 people have invested ₹ 4.7Cr in Nippon India Arbitrage Fund Direct Growth in the last three months

Overview

Expense ratio
Expense ratio
0.38%
Benchmark
Benchmark
NIFTY 50 Arbitrage TR INR
AUM
AUM
₹15158 Cr
Inception Date
Inception Date
1 January, 2013
Min Lumpsum/SIP
Min Lumpsum/SIP
₹5000/₹100
Exit Load
Exit Load
0.25%
Lock In
Lock In
No Lock-in
TurnOver
TurnOver
1214.83%

Nippon India Arbitrage Fund Direct Growth Distribution as on (30-Apr-24)

  • Debt & Cash 100%

Credit rating breakup

AAA
100%
Sector Allocation

Apr'24

Mar'24

Feb'24

Cash Equivalent
85.2%
Corporate
10.9%
Government
3.9%

Monthly Changes Updates

All changes are between Oct'69 and Dec'69
AUM Change
Parameters
Apr'24
Mar'24
Feb'24
AUM
₹ 14.8K Cr
₹ 13.9K Cr
₹ 13.9K Cr
  • AUM of the fund stands at 14.8K Cr as of Apr'24
  • AUM increased by 900.2 Cr between Apr'24 and Mar'24
Fund Portfolio Changes

Top Holdings of Nippon India Arbitrage Fund Direct Growth as on (31-May-24)

  • Equity

  • Debt & Cash

Equity Holdings138
Debt Holdings18

Mutual Fund Insights

Insights icon
This fund has one of the lowest expense ratio in the category (arbitrage fund). Its expense ratio is 0.38% which is lower than the category average expense ratio of 0.7%.
Insights icon
In the last 1 year, Kotak Equity Arbitrage Fund Direct Growth has given 8.82% return, outperforming this fund by 0.29%.
Insights icon
Over the last 6 months, this fund has experienced a 26.9% growth in AUM moving from 11.94K Cr to 15.15K Cr.
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In the last 5 years, Tata Arbitrage Fund Direct Growth has given 6.16% return, outperforming this fund by 0.19% per annum.
Insights icon
In the last 3 years, Invesco India Arbitrage Fund Direct Plan Growth Option has given 6.73% return, outperforming this fund by 0.26% per annum.

Fund Manager

Anand Gupta
Anand Gupta
Fund Manager of Nippon India Arbitrage Fund Direct Growth, since 12 September 2018
Anju Chhajer
Anju Chhajer
Fund Manager of Nippon India Arbitrage Fund Direct Growth, since 1 February 2020
Kinjal Desai
Kinjal Desai
Fund Manager of Nippon India Arbitrage Fund Direct Growth, since 25 May 2018

Nippon India Arbitrage Fund Direct Growth Highlights

Risk meter
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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 7.1% since inception which is more than its category average return of 5.25%
AUM size ₹15158 Cr

AUM size ₹15158 Cr

This fund has AUM of ₹15158 Cr which is more than its category average of ₹ 6879 Cr
Expense Ratio 0.38%

Expense Ratio 0.38%

This fund has an expense ratio of 0.38% which is less than its category average expense ratio of 0.71%

Frequently Asked Questions

The current NAV of Nippon India Arbitrage Fund Direct Growth is ₹26.61 as on 13-Jun-2024.
Existing (Absolute + CAGR) as on 13-Jun-2024.
Nippon India Arbitrage Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
0.86%
0.86%
6 Month Returns
4.62%
4.62%
1 Year Returns
8.52%
8.52%
3 Years Returns
20.67%
6.46%
5 Years Returns
33.62%
5.97%
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.
0.38% as on May 2024
₹15158 Cr as on May 2024
Nippon India Money Market Dir Gr(8.79%), HDFC Bank Ltd(6.92%), Nippon India Liquid Dir Gr(5.79%), Adani Ports & Special Economic Zone Ltd(3.76%), Kotak Mahindra Bank Ltd(2.8%) as on May 2024
Cash Equivalent(86.86%), Corporate(10.23%), Government(3.33%) as on May 2024
AAA
100
Anand Gupta, Anju Chhajer, Kinjal Desai are the fund managers of Nippon India Arbitrage Fund Direct Growth
The Exit load of Nippon India Arbitrage Fund Direct Growth is 0.25%