August 24, 2023
mayank
UTI Arbitrage Fund details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by Chanakyamfguidance.com
NAV Growth: Rs 32.3428
NAV IDCW: Rs 18.9191
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 capital appreciation through arbitrage opportunities between cash and derivative market and arbitrage opportunities within the derivative segment and by deployment of surplus cash in debt securities and money market instruments.
Fund Manager:
1) Sharwan Kumar Goyal
Education: Mr. Goyal is B.Com, CFA and MMS.
Experience: He began his career with UTI in June 2006 and has 15 years of overall experience in Risk / Fund management. Presently he is working as Equity Fund Manager.
2) Amit Sharma
Education: Mr. Sharma is a B.Com, CA, FRM
Experience: He has been associated with the Dept. of Fund Management of UTI for the past 5 years.
Investment Details
| Min. Investment (Rs) | 5,000 |
| Min. Addl Investment (Rs) | 1,000 |
| Min. SIP Investment (Rs) | 500 |
| Min. Withdrawal (Rs) | — |
| Min. No of Cheques | 6 |
| Min. Balance (Rs) | — |
| Lock-in Period | NA |
| Exit Load | For units in excess of 10% of the investment, 0.25% will be charged for redemption Within 21 days |
Basic Details of UTI Arbitrage Fund
| Fund House | UTI Mutual Fund |
| Launch Date | 01-Jan-13 |
| Return Since Launch | 6.58% |
| Benchmark | NIFTY 50 Arbitrage TRI |
| Riskometer | Low |
| Type | Open-ended |
| Assets | Rs 3,129 Cr |
| (As on 31-Jul-2023) | |
| Expense | 0.34% |
| (As on 31-Jul-2023) | |
| Risk Grade | Average |
| Return Grade | Average |
| Turnover | 1165.00% |
UTI Arbitrage Fund Trailing Returns (%)
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| UTI Arbitrage Dir | 5.00 | 0.03 | 0.73 | 1.92 | 3.83 | 7.25 | 5.21 | 5.66 | 5.88 | 6.56 |
| CCIL T Bill Liquidity Weight | 2.73 | 0.01 | 0.27 | 1.05 | 2.31 | 4.05 | 2.72 | 3.29 | 3.51 | 4.14 |
| Hybrid: Arbitrage | 4.86 | 0.02 | 0.70 | 1.88 | 3.73 | 7.09 | 5.02 | 5.37 | 5.71 | 6.58 |
| Rank within category | 13 | 8 | 11 | 12 | 12 | 15 | 11 | 8 | 10 | 6 |
| Number of funds in category | 26 | 26 | 26 | 26 | 26 | 26 | 24 | 19 | 16 | 9 |
UTI Arbitrage Fund Peer Comparison
| 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 (%) | |
| UTI Arbitrage Dir | 3 star | 7.25 | 5.21 | 5.66 | 0.34 | 3,129 | 6.58 | 0.25 (21) | 10Y 7M | 1165.00 |
| Kotak Eqt Arbtg Dir | 4 star | 7.56 | 5.47 | 5.79 | 0.44 | 23,737 | 6.94 | 0.25 (30) | 10Y 7M | 1917.73 |
| Nippon Ind Arbtg Dir | 4 star | 7.43 | 5.36 | 5.82 | 0.34 | 9,753 | 6.98 | 0.25 (30) | 10Y 7M | 1251.00 |
| Tata Arbitrage Dir | 5 star | 7.44 | 5.40 | — | 0.29 | 6,955 | 5.90 | 0.25 (30) | 4Y 8M | 510.61 |
| Invesco Ind Arbtg Dir | 5 star | 7.86 | 5.56 | 5.82 | 0.38 | 5,894 | 6.78 | 0.50 (15) | 10Y 7M | 2013.00 |
Portfolio Analysis of UTI Arbitrage Fund
| No. of Stocks | 125 |
| Top 10 Holdings | 54.17% |
| Top 5 Stocks | 38.36% |
| Top 3 Sectors | 42.02% |
| Portfolio P/B Ratio | 2.47 |
| Portfolio P/E Ratio | 19.01 |
| Avg Credit Rating | AAA |
Portfolio Breakup
| Fund | Category | |
| Average Mkt Cap (Rs Cr) | 1,44,989 | 1,21,897 |
| Giant (%) | 44.28 | 40.40 |
| Large (%) | 31.05 | 31.29 |
| Mid (%) | 20.74 | 24.61 |
| Small (%) | 3.93 | 4.37 |
| Tiny (%) | — | — |
| Fund | Category | |
| Number of Securities | 131 | 177 |
| Macaulay Duration (yrs) | 0.40 | 0.32 |
| Average Maturity (yrs) info | 0.40 | 0.32 |
| Yield to Maturity (%) info | 7.26 | 7.20 |
| Avg Credit Rating | AAA | — |
Chanakya’s Mutual Fund Guidance For UTI Arbitrage Fund
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