| CATEGORY OF SCHEME | Arbitrage Fund |
| INVESTMENT OBJECTIVE | The investment objective of the Scheme is to generate income by predominantly investing in arbitrage opportunities in the cash and the derivative segments of the equity markets and the arbitrage opportunities available within the derivative segment and by investing the balance in debt and money market instruments. However, there is no assurance that the investment objective of the scheme will be realized. |
| Inception Date (Date of Allotment): | 09-Sep-19 |
| Benchmark: | Nifty 50 Arbitrage Index |
| Minimum Application Amount: | Rs.5,000/- and in multiples of Rs. 1/- thereafter |
| Load Structure: | Entry Load: Nil Exit Load: If the Units are redeemed / switched out on or before 30 days from the date of allotment - 0.25% If the Unit s are redeemed /switched out after 30 days from the date of allotment - NIL |
| Total Expense Ratio (TER): | Including Additional Expenses and Goods and Service Tax on Management Fees Regular Plan: 0.95% Direct Plan: 0.20% |
| Fund Manager | Mr. Vikrant Mehta (Since 18-Jan-21) Total Experience: 28 years Mr. Rohan Korde (Since 29-Apr-22) Total Experience: 19 years |
| AUM (in Rs. Cr): | 5.35 |
| AAUM (in Rs. Cr): | 5.36 |
| Average Maturity: | 3 Days |
| Macaulay Duration: | 3 Days |
| Modified Duration: | 3 Days |
| Yield to Maturity: | 6.71% |
| Standard Deviation^: | 0.95% |
| Beta^: | 0.21 |
| Sharpe Ratio^*: | -3.49 |
| * Risk free rate: 6.90 (Source: FIMMDA MIBOR) | |
Regular Plan
(in Rs.) |
Direct Plan
(in Rs.) |
|
| Growth: | 11.2874 |
11.6168 |
| IDCW: | 11.2874 |
11.6168 |
Name of the Instrument |
% to
NAV |
% to NAV
Derivatives |
Equity & Equity Related Total |
70.46 |
-70.86 |
Capital Goods |
1.32 |
-1.33 |
Bharat Heavy Electricals Limited |
1.32 |
-1.33 |
Construction Materials |
5.51 |
-5.55 |
Grasim Industries Limited |
3.53 |
-3.56 |
The Ramco Cements Limited |
1.12 |
-1.13 |
Shree Cement Limited |
0.85 |
-0.86 |
Consumer Durables |
3.67 |
-3.70 |
Havells India Limited |
3.67 |
-3.70 |
Consumer Services |
6.74 |
-6.77 |
The Indian Hotels Company Limited |
6.74 |
-6.77 |
Fast Moving Consumer Goods |
5.96 |
-5.99 |
ITC Limited |
4.13 |
-4.16 |
Marico Limited |
1.82 |
-1.83 |
Financial Services |
34.46 |
-34.66 |
Canara Bank |
6.99 |
-7.04 |
HDFC Bank Limited |
6.69 |
-6.71 |
Shriram Finance Limited |
5.96 |
-5.99 |
Manappuram Finance Limited |
4.54 |
-4.57 |
IDFC Limited |
4.41 |
-4.44 |
Kotak Mahindra Bank Limited |
3.17 |
-3.19 |
Indiabulls Housing Finance Limited |
2.70 |
-2.72 |
Healthcare |
9.15 |
-9.17 |
Sun Pharmaceutical Industries Limited |
6.32 |
-6.34 |
Cipla Limited |
2.83 |
-2.82 |
Metals & Mining |
2.08 |
-2.09 |
Jindal Steel & Power Limited |
2.08 |
-2.09 |
Telecommunication |
1.60 |
-1.61 |
Indus Towers Limited |
1.60 |
-1.61 |
Mutual Fund Units |
23.44 |
|
ITI Liquid Fund - Direct Plan - Growth Option |
23.44 |
|
Short Term Debt & Net Current Assets |
6.10 |
|
Value of Investment of 10,000 |
||||||
| Period | Fund Returns (%) |
Benchmark Returns (%) |
Additional Benchmark Returns (%) |
Fund () |
Benchmark () |
Additional Benchmark () |
Regular - Growth |
||||||
| Last 1 Year | 4.11% |
6.10% |
6.45% |
10,411 |
10,610 |
10,645 |
| Last 3 Years | 2.91% |
4.40% |
4.33% |
10,898 |
11,379 |
11,355 |
| Since Inception | 3.23% |
4.22% |
5.01% |
11,287 |
11,704 |
12,046 |
Direct - Growth |
||||||
| Last 1 Year | 4.89% |
6.10% |
6.45% |
10,489 |
10,610 |
10,645 |
| Last 3 Years | 3.69% |
4.40% |
4.33% |
11,149 |
11,379 |
11,355 |
| Since Inception | 4.01% |
4.22% |
5.01% |
11,617 |
11,704 |
12,046 |
Past performance may or may not be sustained in future. Different Plans i.e. Regular Plan and Direct Plan under the scheme have different expense structure. Benchmark: Nifty 50 Arbitrage Index Additional Benchmark: CRISIL 1 Year T-Bill Index. Fund Managers: Mr. Vikrant Mehta from (Managing since 18-Jan-21). Mr. Rohan Korde (Managing since 29-Apr-22). Inception date of the scheme (09-Sep-19). Face Value per unit: Rs. 10.
| Period | Amount Invested |
Fund Value () |
Fund Returns (%) |
Benchmark Value () |
Benchmark Returns (%) |
Additional Benchmark Value () |
Additional Benchmark Returns (%) |
Regular - Growth |
|||||||
| Last 1 Year | 120000 |
123356 |
5.26% |
124566 |
7.18% |
124411 |
6.93% |
| Last 3 Years | 360000 |
379571 |
3.48% |
389635 |
5.22% |
387870 |
4.92% |
| Since Inception | 450000 |
479201 |
3.31% |
493032 |
4.82% |
493229 |
4.85% |
Direct - Growth |
|||||||
| Last 1 Year | 120000 |
123855 |
6.05% |
124566 |
7.18% |
124411 |
6.93% |
| Last 3 Years | 360000 |
384082 |
4.26% |
389635 |
5.22% |
387870 |
4.92% |
| Since Inception | 450000 |
486315 |
4.09% |
493032 |
4.82% |
493229 |
4.85% |
Past performance may or may not be sustained in future. Different Plans i.e. Regular Plan and Direct Plan under the scheme have different expense structure. Benchmark: Nifty 50 Arbitrage Index Additional Benchmark: CRISIL 1 Year T-Bill Index. For SIP returns, monthly investment of Rs.10,000 invested on the 1st business day of every month has been considered. CAGR Returns (%) are computed after accounting for the cash flow by using the XIRR method (investment internal rate of return).
Disclaimer - Fund SIP Performance
The performance details provided herein are of Growth option under Direct and Regular Plans. The Fund(s) offer Systematic Investment Plan (SIP) facility. To illustrate the advantages of SIP investments, this is how your investments would have grown if you had invested say Rs. 10,000 systematically on the first Business Day of every month over a period of time in the Growth Option of respective scheme. The returns are calculated by XIRR approach assuming investment of 10,000/- on the 1st working day of every month. XIRR helps in calculating return on investments given an initial and final value and a series of cash inflows and outflows with correct allowance for the time impact of the transactions.
THIS PRODUCT IS SUITABLE FOR INVESTORS WHO ARE SEEKING^
- To generate income by predominantly investing in arbitrage opportunities
- Investments predominantly in arbitrage opportunities in the cash and derivative segments of the equity markets and the arbitrage opportunities available within the derivative segment and by investing the balance in debt and money market instruments
^Investors should consult their financial advisers if in doubt about whether the product is suitable for them.
Face Value per Unit: Rs. 10 unless other wise specified; Data is as of June 30, 2023 unless other wise specified.
Mutual Fund investments are subject to market risks, read all scheme related documents carefully