Nippon India Arbitrage Fund Direct Plan Growth
Nippon India Arbitrage Fund Direct Plan Growth

Nippon India Arbitrage Fund Direct Plan Growth

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Hybrid
Direct
Arbitrage Fund

NAV: ₹ 24.1 as on 24-03-2023

Fund Performance
zero opening, trading, fund transfer fee
290 people have invested ₹ 2Cr in mutual fund in the last three months

Fund Insights

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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%

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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

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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

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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

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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)

Return
1M
3M
6M
1Y
3Y
5Y
Nippon India Arbitrage Fund Direct Plan Growth
0.5%
1.9%
3.4%
5.7%
5%
5.7%
Arbitrage Fund Index
0.5%
1.7%
2.9%
4.9%
4.1%
4.6%

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

Expense ratio
Expense ratio
0.21%
Benchmark
Benchmark
NIFTY 50 Arbitrage TR INR
AUM
AUM
₹9234 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
1237.35%

Fund Distribution as on (28-Feb-23)

  • Equity 0%

  • Debt & Cash 100%

Size breakup

Large cap
52.1%
Mid cap
16.8%
Small cap
4.5%

Sector Allocation

Feb'23

Jan'23

Dec'22

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

Equity Holdings141

Nippon India Arbitrage Fund Direct Plan Growth: Monthly Changes Updates

All changes are between Dec'22 and Feb'23

Fund Performance

Feb'23
Jan'23
Dec'22
Fund Returns
0.72%
0.44%
0.61%
Arbitrage Fund Index
0.67%
0.34%
0.65%
  • 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

Parameters
Feb'23
Jan'23
Dec'22
AUM
₹ 9.1K Cr
₹ 9.1K Cr
₹ 8.8K Cr
  • 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%
Reliance Industries Ltd's allocation increased from 2.61% to 3.87%
Grasim Industries Ltd's allocation increased from 0.66% to 1.77%
Grasim Industries Ltd's allocation increased from 0.66% to 1.77%
Ashok Leyland Ltd's allocation increased from 0.45% to 0.97%
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 %
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 %
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 %
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%

Nippon India Arbitrage Fund Direct Plan Growth Fund Manager

Kinjal Desai

Kinjal Desai

Fund Manager of Nippon India Arbitrage Fund Direct Plan Growth, since 25 May 2018
Anju Chhajer

Anju Chhajer

Fund Manager of Nippon India Arbitrage Fund Direct Plan Growth, since 1 February 2020
Anand Gupta

Anand Gupta

Fund Manager of Nippon India Arbitrage Fund Direct Plan Growth, since 12 September 2018
Akshay Sharma

Akshay Sharma

Fund Manager of Nippon India Arbitrage Fund Direct Plan Growth, since 1 December 2022

Fund 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 6.94% since inception which is more than its category average return of 5.03%
Fund Allocations

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

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%

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%
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  • 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%