February 13, 2025
mayank
ITI Arbitrage Fund details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by sahifund.com
NAV Growth: Rs 13.1511
NAV IDCW: Rs 13.1511
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 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.
Fund Manager:
1) Laukik Bagwe
Education: Mr. Bagwe is a B.Com (H) and PGDBA (Finance)
Experience: Prior to joining ITI Mutual fund he has worked with DSP Mutual Fund, Derivium Capital and Securities Pvt. Ltd. and with Birla Sun Life Securities Ltd.
2) Rohan Korde
Education: Mr. Korde is a Masters in Management Studies (Finance), Bachelor of Commerce
Experience: Prior to joining ITI Mutual Fund, he has worked with BOB Capital Markets as Vice President
3) Vikas Nathani
Education: Mr. Nathani has done M.Com. and DBF
Experience: Prior to joining ITI AMC, he was associated with SBICAP Securities Limited
Investment Details
| Min. Investment (Rs) | 5,000 |
| Min. Addl Investment (Rs) | 1,000 |
| Min. SIP Investment (Rs) | 500 |
| Min. Withdrawal (Rs) | 1,000 |
| Min. No of Cheques | 12 |
| Min. Balance (Rs) | — |
| Lock-in Period | NA |
| Exit Load | 0.25% for redemption within 30 days |
Basic Details of ITI Arbitrage Fund
| Fund House | ITI Mutual Fund |
| Launch Date | 09-Sep-19 |
| Return Since Launch | 5.17% |
| Benchmark | NIFTY 50 Arbitrage TRI |
| Riskometer | Low |
| Type | Open-ended |
| Assets | Rs 43 Cr |
| (As on 31-Jan-2025) | |
| Expense | 0.21% |
| (As on 31-Jan-2025) | |
| Risk Grade | High |
| Return Grade | Low |
| Turnover | — |
Trailing Returns (%) of ITI Arbitrage Fund
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| ITI Arbitrage Dir | 0.98 | -0.03 | 0.66 | 1.80 | 3.65 | 7.79 | 6.28 | 5.09 | — | — |
| CCIL T Bill Liquidity Weight | 0.66 | 0.03 | 0.47 | 1.17 | 2.38 | 4.88 | 4.04 | 3.41 | — | — |
| Hybrid: Arbitrage | 0.90 | 0.03 | 0.58 | 1.75 | 3.64 | 7.77 | 6.88 | 5.87 | — | — |
| Rank within category | 2 | 31 | 2 | 7 | 16 | 17 | 22 | 21 | — | — |
| Number of funds in category | 31 | 31 | 31 | 28 | 27 | 27 | 24 | 22 | 17 | 14 |
Peer Comparison of ITI 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 (%) | |
| ITI Arbitrage Dir | 1 star | 7.79 | 6.28 | 5.09 | 0.21 | 43 | 5.17 | 0.25 (30) | 5Y 5M | — |
| Kotak Equity Arbitrage Dir | 4 star | 8.14 | 7.26 | 6.23 | 0.43 | 57,635 | 7.10 | 0.25 (30) | 12Y 1M | 2124.14 |
| Invesco India Arbitrage Dir | 5 star | 8.02 | 7.44 | 6.28 | 0.39 | 18,674 | 6.95 | 0.50 (15) | 12Y 1M | 1736.00 |
| Nippon India Arbitrage Dir | 4 star | 7.90 | 7.06 | 6.12 | 0.38 | 14,701 | 7.10 | 0.25 (30) | 12Y 1M | 1308.00 |
| ABSL Arbitrage Dir | 4 star | 7.97 | 7.05 | 6.04 | 0.29 | 13,920 | 6.98 | 0.25 (15) | 12Y 1M | 1353.00 |
Portfolio Analysis of ITI Arbitrage Fund
| No. of Stocks | 30 |
| Top 10 Holdings | 60.49% |
| Top 5 Stocks | 42.17% |
| Top 3 Sectors | 1.03% |
| Portfolio P/B Ratio | 2.23 |
| Portfolio P/E Ratio | 14.50 |
Portfolio Breakup
| Fund | Category | |
| Average Mkt Cap (Rs Cr) | 1,66,743 | 2,11,604 |
| Giant (%) | 41.54 | 55.38 |
| Large (%) | 46.08 | 31.20 |
| Mid (%) | 12.39 | 13.53 |
| Small (%) | — | 0.53 |
| Tiny (%) | — | — |
| Fund | Category | |
| Number of Securities | 60 | 244 |
| Macaulay Duration (yrs) | — | — |
| Average Maturity (yrs) | — | — |
| Yield to Maturity (%) | — | — |
| Avg Credit Rating | GOI/Cash | — |
Chanakya’s Mutual Fund Guidance For ITI Arbitrage Fund
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