Axis Arbitrage Fund Regular-Growth
(Scheme Rating)
NAV as of Aug 29, 2024
17.67-0.07%
(Earn upto 0.70% Extra Returns with Direct Plan)
Fund Category:
Hybrid: Arbitrage
Expense Ratio:
1.01%(1.00% Category
average)Fund Size:
Rs. 5,605.02 Cr(2.32% of Investment in Category)
- Invest in MFADD TO PORTFOLIO
Axis Arbitrage Fund Regular-Growth
(Scheme Rating)
NAV as of Aug 29, 2024
17.67-0.07%
Expense Ratio:
1.01%
Fund Size:
Rs. 5,605.02 Cr
Fund Category:
Hybrid: Arbitrage
1. Current NAV: The Current Net Asset Value of the Axis Arbitrage Fund - Regular Plan as of Aug 29, 2024 is Rs 17.67 for Growth option of its Regular plan.
2. Returns: Its trailing returns over different time periods are: 7.61% (1yr), 5.86% (3yr), 5.18% (5yr) and 5.84% (since launch). Whereas, Category returns for the same time duration are: 7.44% (1yr), 5.64% (3yr) and 5.07% (5yr).
3. Fund Size: The Axis Arbitrage Fund - Regular Plan currently holds Assets under Management worth of Rs 5605.02 crore as on Jul 31, 2024.
4. Expense ratio: The expense ratio of the fund is 1.01% for Regular plan as on Aug 23, 2024.
5. Exit Load: Axis Arbitrage Fund - Regular Plan shall attract an Exit Load, "Exit load of 0.25% if redeemed within 15 days."
6. Minimum Investment: Minimum investment required is Rs 500 and minimum additional investment is Rs 500. Minimum SIP investment is Rs 100.
Axis Arbitrage Fund Regular-Growth Returns
Trailing Returns
Rolling Returns
Discrete Period
SIP Returns
1M 3M 6M 1Y 3Y 5Y Annualized Returns 0.49 1.84 3.67 7.54 5.83 5.18 Category Avg 0.48 1.82 3.56 7.35 5.61 5.07 Rank within Category 16 14 7 8 5 12 No. of funds within Category 27 27 27 25 24 21 - Loading...
- Loading...
Return Comparison
- This Fund
- BenchmarkKotak Equity Arbitrage Reg-G
Choose from Benchmarks
- S&P BSE Sensex
- Nifty 50
- 1M
- 3M
- 6M
- 1Y
- 5Y
Axis Arbitrage Fund Regular-Growth Fund Details
Investment Objective - The scheme aims to generate income through low volatility absolute return strategies that take advantage of opportunities in the cash and the derivative segments of the equity markets including the arbitrage opportunities available within the derivative segment, by using other derivative based strategies and by investing the balance in debt and money market instruments.
Fund House | Axis Mutual Fund |
Launch Date | Aug 14, 2014 |
Benchmark | NIFTY 50 Arbitrage Total Return Index |
Return Since Launch | 5.83% |
Riskometer | Low |
Type | Open-ended |
Risk Grade | Below Average |
Return Grade | Average |
Axis Arbitrage Fund Regular-Growth Investment Details
Minimum Investment (Rs.) | 500.00 |
Minimum Additional Investment (Rs.) | 500.00 |
Minimum SIP Investment (Rs.) | 100.00 |
Minimum Withdrawal (Rs.) | 1,000.00 |
Exit Load Exit load of 0.25% if redeemed within 15 days. |
Portfolio Allocation
Equity
Debt
Asset Allocation
Loading...Asset Allocation History
Loading...EquityDebtCashSector Allocation
Loading...Market Cap Allocation
Loading...Concentration & Valuation Analysis
JUL 2024 JUN 2024 MAY 2024 APR 2024 MAR 2024 FEB 2024 Number of Holdings 262 280 255 233 243 232 Top 5 Company Holdings 25.22% 21.27% 25.19% 27.58% 31.47% 27.66% Top 10 Company Holdings 37.68% 33.72% 38.72% 41.87% 44.0% 40.82% Company with Highest Exposure Axis Money Market Direct-G (8.07%) Axis Money Market Direct-G (8.57%) Axis Money Market Direct-G (9.04%) Axis Money Market Direct-G (10.62%) Axis Money Market Direct-G (11.22%) Axis Money Market Direct-G (11.03%) Number of Sectors - - - - - - Top 3 Sector Holdings - - - - - - Top 5 Sector Holdings - - - - - - Sector with Highest Exposure - - - - - -
Top Stock Holdings
Sector Holdings in MF
Debt Holdings in Portfolio
Company Sector Assest(%) P/E EPS-TTM(₹) RETURN 1 YR(%) HDFC Bank Financial 6.81 18.33 89.60 3.03 Reliance Industries Energy 3.59 29.62 101.60 25.68 Bank of Baroda Financial 3.21 6.82 36.95 30.68 Vodafone Idea Communication 2.82 -3.76 -4.28 83.15 Tata Power Company Energy 2.32 37.54 11.56 74.52 GMR Airports Infrastructure Construction 2.2 -100.64 -0.94 54.15 Vedanta Metals & Mining 2.06 35.18 13.31 95.53 Bharat Electronics Capital Goods 1.83 51.45 5.80 120.14 Tata Consultancy Technology 1.67 35.07 129.55 33.64 Shriram Finance Financial 1.5 15.64 204.41 70.94
![Discover Mutual Funds](/https/economictimes.indiatimes.com/photo/msid-100097201,quality-100/discover-mf.jpg)
Peer Comparison
Cumulative Returns
SIP returns
Discrete Returns
Quant Measures
Asset Allocation
Scheme Name NAV(Rs./Unit) Scheme Rating AUM(Rs. Cr) 1M 1Y 3Y 5Y Axis Arbitrage Fund Regular-Growth 17.67 5,605.02 0.49 7.54 5.83 5.18 Invesco India Arbitrage Fund-Growth 30.14 17,654.19 0.50 7.58 6.17 5.42 Kotak Equity Arbitrage Fund Regular-Growth 35.38 51,569.90 0.49 7.84 6.10 5.44 Tata Arbitrage Fund Regular - Growth 13.57 11,915.77 0.50 7.47 5.70 5.32 UTI Arbitrage Fund Regular Plan-Growth 33.07 6,102.82 0.51 7.64 5.80 5.26
Risk Ratios
Ratios are calculated using the calendar month returns for the last 3 years
Standard Deviation
Standard Deviation
Standard deviation is the deviation of the fund's return around mean.
Low Volatality
0.66VS0.69Fund Vs Category Avg
Beta
Beta
Beta shows the portfolio risk in relation to the market. A beta of less than 1 means that the fund returns are less volatile compared to the broader market. A beta of more than 1 means that the fund returns are more volatile than the broader markets. A beta equal to 1 means that fund's volatility is in line with the broader market.
Low Volatality
0.78VS0.92Fund Vs Category Avg
Sharpe Ratio
Sharpe Ratio
Sharpe ratio is a risk adjusted performance measure. A fund with a higher Sharpe ratio is considered better than a fund with a lower Sharpe ratio.
Better risk-adjusted returns
0.14VS-0.18Fund Vs Category Avg
Treynor's Ratio
Treynor's Ratio
Treynor is a risk adjusted performance measure. A fund with a higher Treynor ratio is considered better than a fund with a lower Treynor ratio.
Better risk-adjusted returns
0.11VS-0.14Fund Vs Category Avg
Jensen's Alpha
Jensen's Alpha
Alpha shows the ability of the fund manager to outperform the market. A higher Alpha is preferred.
Poor risk-adjusted returns
1.69VS1.74Fund Vs Category Avg
Mean Return
Mean Return
Average return generated by the fund during a specified period.
Better average monthly returns
5.63VS5.41Fund Vs Category Avg
Risk Ratio Chart
- Risk Ratio
- Category Average
Axis Mutual Fund News
Fund Manager
- D.S.Devang ShahSince Jul 201423 schemes
- A.N.Ashish NaikSince May 202216 schemes
- S.J.Sachin JainSince Nov 202115 schemes
- K.K.Karthik KumarSince Jul 202317 schemes
Mr. Shah is B.Com and ACA. Prior to joining Axis AMC he has worked with ICICI Prudential AMC, Deutsche Asset Management (India) Pvt. Ltd. and Pricewaterhouse Coopers.
Mr. Naik is a B.E from Mumbai University and MBA from XLRI, Jamshedpur. Prior to joining Axis Mutual Fund he was associated with organizations such as Goldman Sachs and has over 7 years of experience as an Equity Analyst.
Scheme Name Category Nav(Rs./Unit) Scheme Rating Asset(Rs. Cr) 1Y Axis Balanced Advantage Fund Regular-Growth Dynamic Asset Allocation 20.31 2,466.12 30.19 Axis Nifty 100 Index Fund Regular-Growth Large Cap 22.21 1,650.89 35.88 Axis Regular Saver Fund Regular-Growth Conservative Hybrid 28.69 307.92 11.27 Axis ELSS Tax Saver Fund-Growth ELSS 96.14 38,278.40 36.46 Axis Bluechip Fund-Growth Large Cap 61.05 35,013.27 33.18 Axis Equity Hybrid Fund Regular-Growth Aggressive Hybrid 20.32 1,682.75 27.16 Axis Multi Asset Allocation Fund Regular-Growth Multi Asset Allocation 39.01 1,288.70 26.40 Axis Nifty Bank Index Fund Regular-Growth Sectoral-Banking 10.44 Unrated 123.11 - Axis BSE Sensex Index Fund Regular-Growth Large Cap 11.29 Unrated 44.94 - Axis BSE Sensex ETF-Growth Large Cap 83.48 Unrated 130.54 27.52 Axis Business Cycles Fund Regular-Growth Thematic 16.61 Unrated 2,919.99 39.58 Axis Quant Fund Regular-Growth Thematic 17.36 Unrated 1,166.82 40.11 Axis NIFTY India Consumption ETF-Growth Thematic-Consumption 122.85 Unrated 15.69 45.99 Axis NIFTY Bank ETF-Growth Sectoral-Banking 522.91 Unrated 270.72 15.72 Axis Innovation Fund Regular-Growth Thematic 18.38 Unrated 1,277.08 37.78 Axis Nifty 50 ETF-Growth Large Cap 272.52 Unrated 780.30 31.47 Mr. Jain is a B.Tech, AGMP (Management) Prior to joining Axis Asset Management Company Ltd., he has worked with Sundaram Mutual Fund, I- Cap, Sunidhi securities and Finance Ltd.
Mr. Kumar has done M.B.A, C.F.A, (USA) & B.E (Mechanical) Prior to joining Axis Mutual Fund he has worked with SilverTree Hong Kong and Asiya Investment, Hong Kong
Scheme Name Category Nav(Rs./Unit) Scheme Rating Asset(Rs. Cr) 1Y Axis Nifty 100 Index Fund Regular-Growth Large Cap 22.21 1,650.89 35.88 Axis Nifty 500 Index Fund Regular-Growth Flexi Cap 10.22 Unrated 260.93 - Axis Nifty Bank Index Fund Regular-Growth Sectoral-Banking 10.44 Unrated 123.11 - Axis Nifty IT Index Fund Regular-Growth Sectoral-Technology 14.35 Unrated 128.17 39.35 Axis BSE Sensex Index Fund Regular-Growth Large Cap 11.29 Unrated 44.94 - Axis Nifty Smallcap 50 Index Fund Regular-Growth Small Cap 19.03 Unrated 397.63 62.70 Axis Nifty Midcap 50 Index Fund Regular-Growth Mid Cap 19.66 Unrated 392.20 47.39 Axis BSE Sensex ETF-Growth Large Cap 83.48 Unrated 130.54 27.52 Axis Equity ETFs FoF Regular-Growth Flexi Cap 16.50 Unrated 22.54 39.87 Axis Nifty 50 ETF-Growth Large Cap 272.52 Unrated 780.30 31.47 Axis NIFTY Bank ETF-Growth Sectoral-Banking 522.91 Unrated 270.72 15.72 Axis NIFTY IT ETF-Growth Sectoral-Technology 451.78 Unrated 154.06 40.37 Axis NIFTY Healthcare ETF-Growth Sectoral-Pharma 145.15 Unrated 18.87 51.16 Axis NIFTY India Consumption ETF-Growth Thematic-Consumption 122.85 Unrated 15.69 45.99 Axis Nifty 50 Index Fund Regular-Growth Large Cap 14.88 Unrated 510.52 30.81 Axis Nifty Next 50 Index Fund Regular-Growth Large Cap 18.07 Unrated 271.25 67.01 Axis Quant Fund Regular-Growth Thematic 17.36 Unrated 1,166.82 40.11
More Axis Mutual Fund
Scheme Name | Rating | Asset Size(Cr) | 1M | 3M | 6M | 1Y | 3Y |
---|---|---|---|---|---|---|---|
Axis Liquid Fund Regular-Growth | 36,518.03 | 0.60 | 1.86 | 3.75 | 7.32 | 5.74 | |
Axis Liquid Fund Retail-Growth | 36,518.03 | 0.56 | 1.73 | 3.48 | 6.77 | 5.21 | |
Axis ELSS Tax Saver Fund-Growth | 34,895.64 | 5.81 | 12.73 | 16.06 | 27.56 | 11.40 | |
Axis Bluechip Fund-Growth | 32,707.97 | 4.98 | 9.60 | 14.36 | 27.98 | 11.61 | |
Axis Midcap Fund Regular-Growth | 27,747.62 | 9.18 | 24.49 | 27.86 | 46.39 | 22.03 | |
Axis Small Cap Fund Regular-Growth | 20,504.37 | 7.37 | 19.53 | 17.34 | 38.50 | 25.83 | |
Axis Banking & PSU Debt Fund-Growth | 13,660.32 | 0.57 | 1.72 | 3.51 | 6.48 | 5.17 | |
Axis Focused Fund Regular-Growth | 13,341.11 | 6.37 | 11.18 | 14.34 | 23.89 | 8.45 | |
Axis Growth Opportunities Fund Regular-Growth | 12,424.49 | 8.70 | 15.30 | 22.46 | 38.33 | 19.57 | |
Axis Flexi Cap Fund Regular-Growth | 12,011.72 | 7.46 | 16.71 | 19.31 | 33.70 | 14.52 |
Mutual Fund Tools
Top AMCs
- SBI Mutual Fund
- ICICI Prudential Mutual Fund
- HDFC Mutual Fund
- Nippon India Mutual Fund
- Kotak Mahindra Mutual Fund
- Aditya Birla Sun Life Mutual Fund
- UTI Mutual Fund
- Axis Mutual Fund
- Mirae Asset Mutual Fund
- Edelweiss Mutual Fund
- DSP Mutual Fund
- Tata Mutual Fund
- Bandhan Mutual Fund
- HSBC Mutual Fund
- Franklin Templeton Mutual Fund
1. Axis Arbitrage Fund - Regular Plan is Open-ended Arbitrage Hybrid scheme which belongs to Axis Mutual Fund House.
2. The fund was launched on Aug 14, 2014.
Investment objective & Benchmark
1. The investment objective of the fund is that " The scheme aims to generate income through low volatility absolute return strategies that take advantage of opportunities in the cash and the derivative segments of the equity markets including the arbitrage opportunities available within the derivative segment, by using other derivative based strategies and by investing the balance in debt and money market instruments. "
2. It is benchmarked against NIFTY 50 Arbitrage Total Return Index.
Asset Allocation & Portfolio Composition
1. The asset allocation of the fund comprises around -0.36% in equities, 33.27% in debts and 67.09% in cash & cash equivalents.
2. While the top 10 equity holdings constitute around 34.58% of the assets, the top 3 sectors constitute around 0.01% of the assets.
3. The fund largely follows a Blend oriented style of investing and invests across market capitalisations - around 0.0% in giant & large cap companies, 0.0% in mid cap and 0.0% in small cap companies.
4. The portfolio allocation of debt securities primarily have 2 kinds of risks: interest rate risk & credit risk. While the interest rate movements are driven by the fund's duration, credit quality of debt securities are based on the weighted average credit ratings of a fund. Generally, funds with high credit quality will have the weighted average credit rating of AA- and higher rated securities, funds with medium credit quality will hold securities having credit rating lying between A- to BBB- and funds with low credit quality will hold securities having average credit rating of less than BBB-. Credit rating is a qualitative tool that basically assesses the creditworthiness and financial soundness of a company and takes into consideration several factors including the default rate and solvency of the concerned business entity.
Tax Implications on Axis Arbitrage Fund Regular-Growth
Hybrid funds which usually invest 65% or more in equity & equity-related instruments will be taxed like Equity funds and those which invest up to 35% in equity & equity-related instruments will be taxed like the new taxation structure of debt funds. Also, the hybrid funds which invest between 35-65% in equity & equity-related instruments will be taxed as per the old taxation structure of debt funds. Generally, tax implications are based on the average asset allocation of the last 12 months in which the fund has invested. However, since the market is dynamic, asset allocation towards equity may increase or decrease depending on the prevailing market & economic conditions. So, the tax treatment of the given fund will vary accordingly and will be determined by its asset allocation. Below are the tax implications from the equity as well as debt side:
For Hybrid funds with 65% and above allocation in equity & equity related instruments:
1. Gains are taxed at a rate of 15% (Short-term Capital Gain Tax - STCG) if units are redeemed within 1 year of investment.
2. For units redeemed after 1 year of investment, gains of up to Rs. 1 lakh accruing from those units in a financial year shall be exempted from tax.
3. Gains of more than Rs. 1 lakh will be taxed at a rate of 10% (Long-term Capital Gain Tax - LTCG).
For Hybrid funds with 35-65% allocation in equity & equity related instruments:
1. If units are redeemed within 3 years of investment, the whole gain will be added to the investor's income and taxed as per his/her applicable slab rate.
2. For units redeemed after 3 years of investment, gains will be taxed at a rate of 20% post-indexation benefits. Indexation is a process of recalculating the purchase price after accounting for inflation into it. The benefit of indexation lies in lowering one's capital gains which brings down the taxable income and thereby reduces taxes on it.
For Hybrid funds with 0-35% allocation in equity & equity related instruments:
Capital Gains Tax Implications:
If the investment is made after Apr 1, 2023:
1. The entire amount of gain will be added to the investor's income (irrespective of the period of investment) and will be taxed as per his/her applicable slab rate.
If the investment is made before Apr 1, 2023:
1. If units are redeemed within 3 years of investment, the whole gain will be added to the investor's income and taxed as per his/her applicable slab rate.
2. For units redeemed after 3 years of investment, gains will be taxed at a rate of 20% post-indexation benefits. Indexation is a process of recalculating the purchase price after accounting for inflation into it. The benefit of indexation lies in lowering one's capital gains which brings down the taxable income and thereby reduces taxes on it.
Dividend Tax Implications:
1. For Dividend Distribution Tax, the dividend income from this fund will get added to an investor’s income and taxed according to his/her respective tax slabs.
2. Also, for dividend income more than Rs 5,000 in a financial year; the fund house shall deduct a TDS of 10% on such income.
This Might Catch Your Interest
FAQs about Axis Arbitrage Fund Regular-Growth
- Is it safe to invest in Axis Arbitrage Fund - Regular Plan?As per SEBI’s latest guidelines to calculate risk grades, investment in the Axis Arbitrage Fund - Regular Plan comes under Low risk category.
- What is the category of Axis Arbitrage Fund - Regular Plan?Axis Arbitrage Fund - Regular Plan belongs to the Hybrid : Arbitrage category of funds.
- How Long should I Invest in Axis Arbitrage Fund - Regular Plan?The suggested investment horizon of investing into Axis Arbitrage Fund - Regular Plan is <1 year. The suggested investment horizon is the minimum time required for holding investments in the fund to reduce its downside risk and ensure that the returns become more predictable.
- Who manages the Axis Arbitrage Fund - Regular Plan?The Axis Arbitrage Fund - Regular Plan is managed by Devang Shah (Since Jul 25, 2014) , Ashish Naik (Since May 04, 2022) , Sachin Jain (Since Nov 09, 2021) and Karthik Kumar (Since Jul 03, 2023).
Date Sources: Mutual Funds, ETFs, and NPS data are sourced from Value Research. All times stamps are reflecting IST (Indian Standard Time). By using this site, you agree to the Terms of Service and Privacy Policy.