March 22, 2025
mayank
Aditya Birla (ABSL) Arbitrage Fund details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by sahifund.com
NAV Growth: Rs 28.0217
NAV IDCW: Rs 11.4968
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) Mohit Sharma
Education: Mr. Sharma is B Tech (IIT – Madras) and PGDCM (IIM Calcutta).
Experience: Prior to joining Aditya Birla Sun Life AMC, he ran his own healthcare-tech business (June 2012 – May 2015). he has also worked as an Interest Rates Trader in Standard Chartered Bank (May 2007 – June 2011) and ICICI Bank Ltd (June 2006 – April 2007). He started his career in the Equity Research in Irevna Ltd (June 2005 – June 2006).
Investment Details
| Min. Investment (Rs) | 1,000 |
| Min. Addl Investment (Rs) | 1,000 |
| Min. SIP Investment (Rs) | 100 |
| 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 | 6.98% |
| Benchmark | NIFTY 50 Arbitrage TRI |
| Riskometer | Low |
| Type | Open-ended |
| Assets | Rs 14,297 Cr |
| (As on 28-Feb-2025) | |
| Expense | 0.29% |
| (As on 28-Feb-2025) | |
| Risk Grade | Average |
| Return Grade | Above Average |
| Turnover | 1257.00% |
Trailing Returns (%) of Aditya Birla (ABSL) Arbitrage Fund
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| ABSL Arbitrage Dir | 1.62 | 0.02 | 0.50 | 1.77 | 3.67 | 7.94 | 7.24 | 6.07 | 6.25 | 6.47 |
| CCIL T Bill Liquidity Weight | 1.12 | 0.05 | 0.38 | 1.19 | 2.25 | 4.80 | 4.13 | 3.42 | 3.65 | 3.93 |
| Hybrid: Arbitrage | 1.59 | 0.01 | 0.47 | 1.73 | 3.56 | 7.74 | 7.06 | 5.88 | 6.08 | 6.41 |
| Rank within category | 11 | 5 | 10 | 10 | 7 | 7 | 9 | 7 | 8 | 7 |
| Number of funds in category | 31 | 31 | 31 | 30 | 28 | 27 | 24 | 22 | 17 | 14 |
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 Arbitrage Dir | 4 star | 7.94 | 7.24 | 6.07 | 0.29 | 14,297 | 6.98 | 0.25 (15) | 12Y 2M | 1257.00 |
| Kotak Equity Arbitrage Dir | 4 star | 8.06 | 7.44 | 6.24 | 0.43 | 58,923 | 7.10 | 0.25 (30) | 12Y 2M | 2059.20 |
| Invesco India Arbitrage Dir | 5 star | 8.00 | 7.60 | 6.29 | 0.39 | 19,341 | 6.95 | 0.50 (15) | 12Y 2M | 1724.00 |
| Nippon India Arbitrage Dir | 4 star | 7.84 | 7.24 | 6.16 | 0.38 | 14,436 | 7.10 | 0.25 (30) | 12Y 2M | 1281.00 |
| Edelweiss Arbitrage Dir | 4 star | 8.00 | 7.38 | 6.25 | 0.40 | 13,644 | 6.85 | 0.10 (30) | 10Y 8M | 333.00 |
Portfolio Analysis of Aditya Birla (ABSL) Arbitrage Fund
| No. of Stocks | 181 |
| Top 10 Holdings | 41.13% |
| Top 5 Stocks | 31.18% |
| Top 3 Sectors | 0.15% |
| Portfolio P/B Ratio | 2.41 |
| Portfolio P/E Ratio | 16.80 |
Portfolio Breakup
| Fund | Category | |
| Average Mkt Cap (Rs Cr) | 1,87,830 | 2,16,635 |
| Giant (%) | 56.74 | 57.31 |
| Large (%) | 25.38 | 27.33 |
| Mid (%) | 17.79 | 16.36 |
| Small (%) | 0.10 | 0.19 |
| Tiny (%) | — | — |
| Fund | Category | |
| Number of Securities | 423 | 245 |
| Macaulay Duration (yrs) | 0.87 | 0.33 |
| Average Maturity (yrs) | 0.95 | 0.35 |
| Yield to Maturity (%) | 7.47 | 6.85 |
| Avg Credit Rating | GOI/Cash | — |
Chanakya’s Mutual Fund Guidance For Aditya Birla Sun Life (ABSL) Arbitrage Fund
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