December 27, 2023
mayank
Aditya Birla (ABSL) Arbitrage Fund details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by Chanakyamfguidance.com
NAV Growth: Rs 25.4264
NAV IDCW: Rs 11.4010
Suitable For Which Investors?
“Arbitrage funds invest in equity shares and derivatives, and earn their returns through the price differential between a stock and its futures. You can expect to earn better returns than what you would get from a bank account.
They are usually suitable to park your money for a period ranging between three months to a year. However, we believe that liquid funds, which have a similar risk-return payoff, are a better alternative for most investors for such a time frame. Arbitrage funds may have some appeal for those who are in the highest tax bracket, given the preferential tax treatment of these funds.
The risk of incurring a loss in these funds over the said time frame is low but they do not guarantee returns or safety of capital.
Remember, these funds usually deliver low returns which are only marginally higher than your bank account. They are not suitable if your aim is to build wealth in the long run.”
Fund’s Investment Strategy:
The Scheme seeks to generate income by investing predominantly in equity and equity related instruments. It intends to take advantage from the price differentials / mis-pricing prevailing for stock / index in various market segments (Cash & Future).
Fund Manager:
1) Lovelish Solanki
Education: He has done BMS and MMS in finance.
Experience: Prior to joining Aditya Birla Sun Life AMC Limited, he was Equity /Equity Derivatives – Trader at Union KBC Asset Management Co Limited since February 2011. Before that he worked at Edelweiss Asset Management Co. Ltd since January 2008.
2) Pranav Gupta
Investment Details
| Min. Investment (Rs) | 1,000 |
| Min. Addl Investment (Rs) | 1,000 |
| Min. SIP Investment (Rs) | 1,000 |
| Min. Withdrawal (Rs) | 1 |
| Min. No of Cheques | 6 |
| Min. Balance (Rs) | 500 |
| Lock-in Period | NA |
| Exit Load | 0.25% for redemption Within 15 days |
Basic Details of Aditya Birla (ABSL) Arbitrage Fund
| Fund House | Aditya Birla Sun Life Mutual Fund |
| Launch Date | 01-Jan-13 |
| Return Since Launch | 6.85% |
| Benchmark | NIFTY 50 Arbitrage TRI |
| Riskometer | Low |
| Type | Open-ended |
| Assets | Rs 6,377 Cr |
| (As on 30-Nov-2023) | |
| Expense | 0.36% |
| (As on 30-Nov-2023) | |
| Risk Grade | Below Average |
| Return Grade | Above Average |
| Turnover | 1428.00% |
Aditya Birla (ABSL) Arbitrage Fund Trailing Returns (%)
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| ABSL Arbtg Dir | 7.71 | 0.02 | 0.51 | 1.78 | 3.89 | 7.81 | 5.71 | 5.72 | 5.95 | 6.55 |
| CCIL T Bill Liquidity Weight | 4.32 | -0.01 | 0.39 | 1.13 | 2.19 | 4.44 | 2.98 | 3.29 | 3.52 | 4.04 |
| Hybrid: Arbitrage | 7.49 | 0.03 | 0.49 | 1.74 | 3.79 | 7.60 | 5.46 | 5.56 | 5.76 | 6.51 |
| Rank within category | 9 | 21 | 12 | 8 | 7 | 10 | 8 | 7 | 7 | 5 |
| Number of funds in category | 25 | 27 | 27 | 26 | 25 | 25 | 24 | 19 | 15 | 9 |
Peer Comparison of Aditya Birla (ABSL) Arbitrage Fund
| Rating | 1 Year Returns | 3 Year Returns | 5 Year Returns | Expense Ratio (%) | Net Assets (Rs Cr) | Return Since Launch (%) | Exit Load (Days) | Fund Age | Turnover (%) | |
| ABSL Arbtg Dir | 4 star | 7.81 | 5.71 | 5.72 | 0.36 | 6,377 | 6.85 | 0.25 (15) | 10Y 11M | 1,428.00 |
| Kotak Eqt Arbtg Dir | 4 star | 7.98 | 5.88 | 5.83 | 0.43 | 31,453 | 6.96 | 0.25 (30) | 10Y 11M | 1,918.73 |
| Nippon Ind Arbtg Dir | 4 star | 7.81 | 5.76 | 5.84 | 0.39 | 11,945 | 6.99 | 0.25 (30) | 10Y 11M | 1,308.00 |
| Invesco Ind Arbtg Dir | 5 star | 8.02 | 6.01 | 5.90 | 0.37 | 10,286 | 6.81 | 0.50 (15) | 10Y 11M | 1,805.00 |
| Tata Arbtg Dir | 4 star | 7.89 | 5.77 | 6.03 | 0.29 | 7,980 | 6.02 | 0.25 (30) | 5Y | 538.28 |
Portfolio Analysis of Aditya Birla (ABSL) Arbitrage Fund
| No. of Stocks | 147 |
| Top 10 Holdings | 43.38% |
| Top 5 Stocks | 33.18% |
| Top 3 Sectors | 0.30% |
| Portfolio P/B Ratio | 2.32 |
| Portfolio P/E Ratio | 18.26 |
Portfolio Breakup
| Fund | Category | |
| Average Mkt Cap (Rs Cr) | 1,24,181 | 1,33,122 |
| Giant (%) | 41.79 | 44.29 |
| Large (%) | 31.84 | 28.63 |
| Mid (%) | 24.88 | 24.49 |
| Small (%) | 1.50 | 3.04 |
| Tiny (%) | — | — |
| Fund | Category | |
| Number of Securities | 306 | 193 |
| Macaulay Duration (yrs) | 0.25 | 0.27 |
| Average Maturity (yrs) | 0.25 | 0.28 |
| Yield to Maturity (%) | 7.81 | 7.28 |
| Avg Credit Rating | GOI/Cash | — |
How to Invest in Aditya Birla (ABSL) Arbitrage Fund?
Chanakya’s Mutual Fund Guidance For Aditya Birla Sun Life (ABSL) Arbitrage Fund
Apply Online: https://mutualfund.adityabirlacapital.com/help-centre/invest-now
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