Nippon India Arbitrage Fund Direct Growth

Nippon India Arbitrage Fund Direct Growth

Hybrid

Direct

Arbitrage Fund

NAV as on 05-12-2024

₹ 27.55

Inception Returns

7.1%

/yr

About Nippon India Arbitrage Fund Direct Growth

Nippon India Arbitrage Fund Direct Growth is a hybrid fund. This fund was started on 1 January, 2013. The fund is managed by Vikash Agarwal, Siddharth Deb. This fund gives you the benefit of diversification.

Key Parameters

  1. Nippon India Arbitrage Fund Direct Growth has ₹15418 Cr worth of assets under management (AUM) as on Oct 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 7.11% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 8.34%, 6.92% and 6.07% respectively.

Holdings

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

Historical NAV & Returns

Annualised

zero opening, trading, fund transfer fee
401 people have invested ₹ 5.9Cr in Nippon India Arbitrage Fund Direct Growth in the last three months

Nippon India Arbitrage Fund Direct Growth Overview

Expense ratio0.39%
Benchmark
NIFTY 50 Arbitrage TR INR
AUM₹15418 Cr
Inception Date1 January, 2013
Min Lumpsum/SIP₹5000/₹100
Exit Load
0.2%
Lock InNo Lock-in
TurnOver
1344.61%
STCGSelling mutual fund 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 (05-Dec-24)

Period
Nippon India Arbitrage Fund Direct Growth
Arbitrage Fund Index
1M
0.6%
0.5%
3M
1.8%
1.6%
6M
3.6%
3.2%
1Y
8.3%
7.5%
3Y
6.9%
6.2%
5Y
6.1%
5.3%

Fund Distribution

as on (31-Oct-24)

  • Debt & Cash 100%

AAA
100%

Sector Allocation

Oct'24

Sep'24

Aug'24

Cash Equivalent
95.3%
Government
2.7%
Corporate
2%
All changes are between Oct'69 and Dec'69
Parameters
Oct'24
Sep'24
Aug'24
AUM
₹ 15.2K Cr
₹ 15.3K Cr
₹ 15.8K Cr
  • AUM of the fund stands at 15.2K Cr as of Oct'24
  • AUM decreased by 102 Cr between Oct'24 and Sep'24

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

Oct'24
Financial Services
30%
Industrial
13%
Basic Materials
13%
Sep'24
Financial Services
31%
Industrial
15%
Basic Materials
14%
Loading...
We are taking more time than usual
Vikash Agarwal
Vikash Agarwal
Fund Manager of Nippon India Arbitrage Fund Direct Growth, since 14 September 2024
Siddharth Deb
Siddharth Deb
Fund Manager of Nippon India Arbitrage Fund Direct Growth, since 14 September 2024
Fund House
Nippon Life India Asset Management Ltd
Total Schemes
Total AUM
₹4.29L Cr
as on 31-Oct-2024
Address
Nippon Life India Asset Management Limited,4th Floor, Tower A, Peninsula Business Park,,Ganapatrao Kadam Marg,,Lower Parel (W)
Phone
022-68087000/18602660111
Website
customercare@nipponindiaim.in

Mutual Fund Insights

Insights icon
This fund expense ratio is slightly on the lower side within the category (arbitrage fund). Its expense ratio is 0.39% which is lower than the category average expense ratio of 0.69%.
Insights icon
Over the last 1 year, this fund has increased expense ratio by 14.7% moving from 0.34 to 0.39.
Insights icon
Over the last 3 months, this fund has experienced a 3.0% drop in AUM moving from 15.61K Cr to 15.15K Cr.
Insights icon
In the last 1 year, Kotak Equity Arbitrage Fund Direct Growth has given 8.61% return, outperforming this fund by 0.27%.
Insights icon
In the last 3 years, Invesco India Arbitrage Fund Direct Plan Growth Option has given 7.35% return, outperforming this fund by 0.43% per annum.
Insights icon
In the last 5 years, Tata Arbitrage Fund Direct Growth has given 6.26% return, outperforming this fund by 0.18% per annum.

Nippon India 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 7.11% since inception which is more than its category average return of 5.28%
AUM size ₹15418 Cr

AUM size ₹15418 Cr

This fund has AUM of ₹15418 Cr which is more than its category average of ₹ 7524 Cr
Expense Ratio 0.39%

Expense Ratio 0.39%

This fund has an expense ratio of 0.39% which is less than its category average expense ratio of 0.69%

Frequently Asked Questions for Nippon India Arbitrage Fund Direct Growth

The current NAV of Nippon India Arbitrage Fund Direct Growth is ₹27.55 as on 05-Dec-2024.
Existing (Absolute + CAGR) as on 05-Dec-2024.
Nippon India Arbitrage Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
0.63%
0.63%
6 Month Returns
3.59%
3.59%
1 Year Returns
8.34%
8.34%
3 Years Returns
22.22%
6.92%
5 Years Returns
34.28%
6.07%
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.
0.39% as on November 2024
₹15418 Cr as on November 2024
Nippon India Money Market Dir Gr(10.76%), Reliance Industries Ltd(5.44%), Nippon India Low Duration Dir Gr(3.44%), IndusInd Bank Ltd(2.72%), Axis Bank Ltd(2.58%) as on November 2024
Cash Equivalent(95.68%), Government(2.75%), Corporate(1.96%) as on November 2024
AAA
100
Vikash Agarwal, Siddharth Deb are the fund managers of Nippon India Arbitrage Fund Direct Growth
The Exit load of Nippon India Arbitrage Fund Direct Growth is 0.25%