Nippon India Arbitrage Fund Direct Plan Growth
Hybrid
Direct
Arbitrage Fund
NAV: ₹ 24.1 as on 24-03-2023
Fund Performance
290 people have invested ₹ 2Cr in mutual fund in the last three months
Fund Insights
In the last 1 year, Invesco India Arbitrage Fund Direct Plan Growth Option has given 6.52% return, outperforming Nippon India Arbitrage Fund Direct Plan Growth by 0.84%
In the last 3 years, Invesco India Arbitrage Fund Direct Plan Growth Option has given 5.16% return, outperforming Nippon India Arbitrage Fund Direct Plan Growth by 0.12% per annum
In the last 5 years, Edelweiss Arbitrage Fund Direct Growth has given 5.76% return, outperforming Nippon India Arbitrage Fund Direct Plan Growth by 0.05% per annum
Over the last 3 months, Nippon India Arbitrage Fund Direct Plan Growth has decreased expense ratio by 32.3% moving from 0.31 to 0.21
Nippon India Arbitrage Fund Direct Plan Growth has one of the lowest expense ratio in the category (arbitrage fund). Its expense ratio is 0.21% which is lower than the category average expense ratio of 0.7%
Nippon India Arbitrage Fund Direct Plan Growth Performance as on (24-Mar-23)
About the Fund
Nippon India Arbitrage Fund Direct Plan Growth is a hybrid fund. This fund was started on 1 January, 2013. The fund is managed by Kinjal Desai, Anju Chhajer, Anand Gupta, Akshay Sharma. This fund gives you the benefit of diversification.
Key parameters
1) Nippon India Arbitrage Fund Direct Plan Growth has a NAV of ₹24.1077 as on 24-03-2023.
2) Nippon India Arbitrage Fund Direct Plan Growth has ₹9234 Cr worth of assets under management (AUM) as on 31-01-2023 and is more than category average.
3) The fund has an expense ratio 0.21 %.
Nippon India Arbitrage Fund Direct Plan Growth Overview
 | 0.21% |
 Benchmark | NIFTY 50 Arbitrage TR INR |
 | ₹9234 Cr |
 | 1 January, 2013 |
 | ₹5000/₹100 |
 Exit Load | 0.25% |
 | No Lock-in |
 TurnOver | 1237.35% |
Fund Distribution as on (28-Feb-23)
Size breakup
Large cap
52.1%
Mid cap
16.8%
Small cap
4.5%
Sector Allocation
Financial Services
36.1%
Basic Materials
17.8%
Industrial
8.5%
Tech
8%
Consumer Cyclical
7.6%
Health
6.5%
Energy
4.4%
Consumer Defensive
4.2%
Communication
3.1%
Utilities
3%
Real Estate
0.8%
Top Holdings of Nippon India Arbitrage Fund Direct Plan Growth as on (28-Feb-23)
Equity Holdings141
Holdings | Weight% | Holdings Trend | 1M Change |
|---|---|---|---|
 ICICI Bank Ltd | 3.51% | -1.8% | |
 Kotak Mahindra Bank Ltd | 3.46% | -14.9% | |
 Housing Development Finance Corp Ltd | 3.06% | 33.7% | |
 HDFC Bank Ltd | 2.85% | 12.4% | |
 Reliance Industries Ltd | 2.55% | -32.2% |
See all
Nippon India Arbitrage Fund Direct Plan Growth: Monthly Changes Updates
All changes are between Dec'22 and Feb'23
Fund Performance
- This fund’s returns stands at 0.72% whereas the fund’s underlying benchmark Arbitrage Fund Index returns stands at 0.67% as on Feb'23
- This fund outperformed Arbitrage Fund Index by 0.05% in Feb'23
AUM Change
- AUM of the fund stands at 9.1K Cr as of Feb'23
- AUM has remained same between Feb'23 and Jan'23
Fund Portfolio Changes
Top Stocks bought last month
Reliance Industries Ltd's allocation increased from 2.61% to 3.87%
Grasim Industries Ltd's allocation increased from 0.66% to 1.77%
Ashok Leyland Ltd's allocation increased from 0.45% to 0.97%
Top Stocks sold last month
Housing Development Finance Corp Ltd's allocation decreased from 2.43 % to 2.34 %
Adani Ports & Special Economic Zone Ltd's allocation decreased from 3.13 % to 2.29 %
IndusInd Bank Ltd's allocation decreased from 2.36 % to 2.13 %
Top 3 Sectors in February were Government, Corporate & Industrial
Feb'23
Financial Services
36%
Basic Materials
18%
Industrial
9%
Jan'23
Government
27%
Corporate
20%
Peer Analysis
Nippon India Arbitrage Fund Direct Plan Growth Fund Manager
Kinjal Desai
Fund Manager of Nippon India Arbitrage Fund Direct Plan Growth, since 25 May 2018
Top funds managed
Anju Chhajer
Fund Manager of Nippon India Arbitrage Fund Direct Plan Growth, since 1 February 2020
Top funds managed
Anand Gupta
Fund Manager of Nippon India Arbitrage Fund Direct Plan Growth, since 12 September 2018
Top funds managed
Akshay Sharma
Fund Manager of Nippon India Arbitrage Fund Direct Plan Growth, since 1 December 2022
Top funds managed
Fund Highlights
Low Risk
Investors understand that their principal will be at Low Risk
About the fund
This fund has delivered an average annual returns of 6.94% since inception which is more than its category average return of 5.03%
Fund Allocations
This fund has an allocation of 0.04% in Equity, 6.33% in Debt and 93.63% in Cash related instruments
AUM size ₹9234 Cr
This fund has AUM of ₹9234 Cr which is more than its category average of ₹ 3152 Cr
Expense Ratio 0.21%
This fund has an expense ratio of 0.21% which is less than its category average expense ratio of 0.74%
Frequently Asked Questions
The current NAV of Nippon India Arbitrage Fund Direct Plan Growth is 24.05 as on 21-Mar-2023.
Existing (Absolute + CAGR)
Nippon India Arbitrage Fund Direct Plan Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 0.35% | 0.35% |
6 Month Returns | 3.19% | 3.19% |
1 Year Returns | 5.51% | 5.51% |
3 Years Returns | 15.37% | 4.88% |
5 Years Returns | 31.82% | 5.68% |
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.
0.21 as on February 2023
9234 Cr as on February 2023
ICICI Bank Ltd(3.51%),Kotak Mahindra Bank Ltd(3.46%),Housing Development Finance Corp Ltd(3.06%),HDFC Bank Ltd(2.85%),Reliance Industries Ltd(2.55%) as on February 2023
Cash Equivalent(86.99%),Government(6.59%),Corporate(6.38%) as on February 2023
AAA | 100 |
Anju Chhajer,Anand Gupta,Kinjal Desai,Akshay Sharma are the fund managers of Nippon India Arbitrage Fund Direct Plan Growth
The Exit load of Nippon India Arbitrage Fund Direct Plan Growth is 0.25%