PGIM India Arbitrage Fund Direct Plan Growth
Hybrid
Direct
Arbitrage Fund
NAV: ₹ 18.01 as on 30-04-2024
Fund Performance
1 people have invested ₹ 26.9K in PGIM India Arbitrage Fund Direct Plan Growth in the last three months
Mutual Fund Insights
This fund expense ratio is slightly on the lower side within the category (arbitrage fund). Its expense ratio is 0.38% which is lower than the category average expense ratio of 0.7%.
In the last 3 years, Invesco India Arbitrage Fund Direct Plan Growth Option has given 6.54% return, outperforming this fund by 0.74% per annum.
In the last 1 year, Kotak Equity Arbitrage Fund Direct Growth has given 8.6% return, outperforming this fund by 0.89%.
In the last 5 years, Tata Arbitrage Fund Direct Growth has given 6.15% return, outperforming this fund by 0.66% per annum.
Over the last 6 months, this fund has experienced a 28.4% drop in AUM moving from 160.69 Cr to 115.04 Cr.
About the PGIM India Arbitrage Fund Direct Plan Growth
PGIM India Arbitrage Fund Direct Plan Growth is a hybrid fund. This fund was started on 27 August, 2014. The fund is managed by Puneet Pal, Hitash Dang. This fund gives you the benefit of diversification.
Key Parameters
- PGIM India Arbitrage Fund Direct Plan Growth has ₹115 Cr worth of assets under management (AUM) as on Mar 2024 and is less than category average.
- The fund has an expense ratio 0.4.
Overview
 | 0.38% |
 Benchmark | NIFTY 50 Arbitrage TR INR |
 | ₹115 Cr |
 | 27 August, 2014 |
 | ₹5000/₹1000 |
 Exit Load | 0.25% |
 | No Lock-in |
 TurnOver | 261.18% |
PGIM India Arbitrage Fund Direct Plan Growth Distribution as on (31-Mar-24)
Credit rating breakup
AAA
100%
Sector Allocation
Cash Equivalent
86.3%
Government
10%
Corporate
3.7%
Top Holdings of PGIM India Arbitrage Fund Direct Plan Growth as on (30-Apr-24)
Equity Holdings42
Debt Holdings3
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 Reliance Industries Ltd | 7.75% | 0% | |
 HDFC Bank Ltd | 7.27% | 0% | |
 ACC Ltd | 6.89% | 307.7% | |
 Ambuja Cements Ltd | 5.94% | 0% | |
 Canara Bank | 4.64% | 0% |
See all
Monthly Changes Updates
All changes are between Oct'69 and Dec'69
AUM Change
- AUM of the fund stands at 115 Cr as of Mar'24
- AUM increased by 2.2 Cr between Mar'24 and Feb'24
Fund Portfolio Changes
Peer Analysis
Fund Manager
Puneet Pal
Fund Manager of PGIM India Arbitrage Fund Direct Plan Growth, since 22 April 2022
Top funds managed
Hitash Dang
Fund Manager of PGIM India Arbitrage Fund Direct Plan Growth, since 22 May 2017
Top funds managed
PGIM India Arbitrage Fund Direct Plan Growth 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 6.27% since inception which is more than its category average return of 5.18%
AUM size ₹115 Cr
This fund has AUM of ₹115 Cr which is less than its category average of ₹ 5953 Cr
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 PGIM India Arbitrage Fund Direct Plan Growth is ₹18.01 as on 30-Apr-2024.
Existing (Absolute + CAGR) as on 30-Apr-2024.
PGIM India Arbitrage Fund Direct Plan Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 0.63% | 0.63% |
6 Month Returns | 3.76% | 3.76% |
1 Year Returns | 7.7% | 7.7% |
3 Years Returns | 18.43% | 5.8% |
5 Years Returns | 30.61% | 5.49% |
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 April 2024
₹115 Cr as on April 2024
PGIM India Liquid Dr Pl Gr(12.38%), Reliance Industries Ltd(7.75%), HDFC Bank Ltd(7.27%), ACC Ltd(6.89%), Ambuja Cements Ltd(5.94%) as on April 2024
Cash Equivalent(86.74%), Government(10.02%), Corporate(3.74%) as on April 2024
AAA | 100 |
Puneet Pal, Hitash Dang are the fund managers of PGIM India Arbitrage Fund Direct Plan Growth
The Exit load of PGIM India Arbitrage Fund Direct Plan Growth is 0.25%