June 3, 2025
mayank
ICICI Prudential Equity Arbitrage Fund details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by sahifund.com
NAV Growth: Rs 36.5862
NAV IDCW: Rs 17.2577
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 low volatility returns by using arbitrage and other derivative strategies in equity markets and investments in short-term debt portfolio.
Fund Manager:
1) Ajay Kumar Solanki
Education: Mr. Solanki has done B.Com, CA and CFA Level-III
Experience: Prior to joining ICICI Prudential Mutual Fund, he has worked with GPS & Associates
2) Archana Nair
Education: Ms. Nair has done B.Com and CA
Experience: Prior to joining ICICI Prudential Mutual Fund, he has worked with PWC
3) Darshil Dedhia
Education: Mr. Dedhia has done CA and CFA.
Experience: He has been working with ICICI Prudential Mutual Fund since 2013.
4) Nikhil Kabra
Education: Mr. Kabra is a B.Com and Chartered Accountant.
Experience: Prior to joining ICICI Prudential AMC from September 25, 2013 he was associated with Sumedha Fiscal Services Limited from October 2012 to September 2013 and Haribhakti & Co. from September 2010 to October 2012.
Investment Details
| Min. Investment (Rs) | 5,000 |
| Min. Addl Investment (Rs) | 1,000 |
| Min. SIP Investment (Rs) | 1,000 |
| Min. Withdrawal (Rs) | 1 |
| Min. No of Cheques | 6 |
| Min. Balance (Rs) | — |
| Exit Load | 0.25% for redemption within 30 days |
| Lock-in Period | NA |
Basic Details of ICICI Prudential Equity Arbitrage Fund
| Fund House | ICICI Prudential Mutual Fund |
| Launch Date | 01-Jan-13 |
| Return Since Launch | 7.06% |
| Benchmark | NIFTY 50 Arbitrage TRI |
| Riskometer | Low |
| Type | Open-ended |
| Assets | Rs 26,918 Cr |
| (As on 30-Apr-2025) | |
| Expense | 0.40% |
| (As on 31-May-2025) | |
| Risk Grade | Average |
| Return Grade | Average |
| Turnover | — |
Trailing Returns (%) of ICICI Prudential Equity Arbitrage Fund
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| ICICI Pru Equity Arbitrage Dir | 3.18 | 0.04 | 0.44 | 1.96 | 3.80 | 7.79 | 7.41 | 6.08 | 6.23 | 6.40 |
| CCIL T Bill Liquidity Weight | 2.37 | 0.02 | 0.46 | 1.50 | 2.65 | 5.17 | 4.49 | 3.49 | 3.72 | 3.94 |
| Hybrid: Arbitrage | 3.07 | 0.04 | 0.41 | 1.87 | 3.68 | 7.57 | 7.27 | 5.96 | 6.09 | 6.35 |
| Rank within category | 9 | 13 | 8 | 8 | 11 | 6 | 9 | 10 | 10 | 8 |
| Number of funds in category | 31 | 32 | 32 | 31 | 30 | 27 | 24 | 22 | 17 | 14 |
Peer Comparison of ICICI Prudential Equity 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 (%) | |
| ICICI Pru Equity Arbitrage Dir | 3 star | 7.79 | 7.41 | 6.08 | 0.40 | 26,918 | 7.06 | 0.25 (30) | 12Y 5M | 164.00 |
| Kotak Equity Arbitrage Dir | 4 star | 7.87 | 7.62 | 6.30 | 0.44 | 63,310 | 7.11 | 0.25 (30) | 12Y 5M | 2008.14 |
| Invesco India Arbitrage Dir | 5 star | 7.84 | 7.70 | 6.35 | 0.39 | 20,029 | 6.96 | 0.50 (15) | 12Y 5M | 1739.00 |
| ABSL Arbitrage Dir | 4 star | 7.88 | 7.48 | 6.14 | 0.31 | 15,896 | 7.00 | 0.25 (15) | 12Y 5M | 1195.00 |
| Edelweiss Arbitrage Dir | 4 star | 7.79 | 7.55 | 6.25 | 0.38 | 14,307 | 6.87 | 0.25 (15) | 10Y 11M | 322.00 |
Portfolio Analysis of ICICI Prudential Equity Arbitrage Fund
| No. of Stocks | 173 |
| Top 10 Holdings | 40.10% |
| Top 5 Stocks | 29.62% |
| Top 3 Sectors | –% |
| Portfolio P/B Ratio | 3.01 |
| Portfolio P/E Ratio | 21.04 |
Portfolio Breakup
| Fund | Category | |
| Average Mkt Cap (Rs Cr) | 2,44,405 | 2,13,775 |
| Giant (%) | 61.36 | 52.33 |
| Large (%) | 24.01 | 29.21 |
| Mid (%) | 13.55 | 18.35 |
| Small (%) | 1.08 | 1.61 |
| Tiny (%) | — | — |
| Fund | Category | |
| Number of Securities | 370 | 261 |
| Macaulay Duration (yrs) | 0.49 | 0.4 |
| Average Maturity (yrs) | 0.49 | 0.43 |
| Yield to Maturity (%) | 6.17 | 6.48 |
| Avg Credit Rating | GOI/Cash | — |
Chanakya’s Mutual Fund Guidance For ICICI Prudential Equity Arbitrage Fund
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