PGIM India Arbitrage Fund Direct Growth

PGIM India Arbitrage Fund Direct Growth is a hybrid fund. This fund was started on 27 August, 2014. The fund is managed by Puneet Pal. This fund gives you the benefit of diversification.

1. PGIM India Arbitrage Fund Direct Growth has ₹125 Cr worth of assets under management (AUM) as on Jun 2025 and is more than category average.
2. The fund has an expense ratio 0.4.
   

PGIM India Arbitrage Fund Direct Growth has given a CAGR return of 6.42% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 7.55%, 7.20% and 5.93% respectively.

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

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 20%
For long term (more than 1 year) capital gains will be taxed at 12.5% without indexation benefit
Long term gains up to Rs 1 lakh are exempt from taxation (more than 12 months).

To generate income by investing in arbitrage opportunities that potentially exist between the cash and derivatives market as well as within the derivatives segment of the market. Investments may also be made in debt & money market instruments.

Minimum investment for lump sum payment is INR 5000.00 and for SIP is INR 1000.00. PGIM India Arbitrage Fund Direct Growth has no lock in period.