Parag Parikh Arbitrage Fund Direct - Growth
NAV as of Aug 29, 2024
10.64-0.09%
- Growth - Direct
(Earn upto 0.35% Extra Returns with Direct Plan)
Fund Category:
Hybrid: Arbitrage
Expense Ratio:
0.29%(0.34% Category
average)Fund Size:
Rs. 892.32 Cr(0.37% of Investment in Category)
- Invest in MFADD TO PORTFOLIO
Parag Parikh Arbitrage Fund Direct - Growth
NAV as of Aug 29, 2024
10.64-0.09%
Expense Ratio:
0.29%
Fund Size:
Rs. 892.32 Cr
Fund Category:
Hybrid: Arbitrage
1. Current NAV: The Current Net Asset Value of the Parag Parikh Arbitrage Fund - Direct Plan as of Aug 29, 2024 is Rs 10.64 for Growth option of its Direct plan.
2. Returns: Its trailing returns over different time periods are: 6.49% (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 Parag Parikh Arbitrage Fund - Direct Plan currently holds Assets under Management worth of Rs 892.32 crore as on Jul 31, 2024.
4. Expense ratio: The expense ratio of the fund is 0.29% for Direct plan as on Aug 19, 2024.
5. Exit Load: Parag Parikh Arbitrage Fund - Direct Plan shall attract an Exit Load, "Exit load of 0.25%, if redeemed within 30 days."
6. Minimum Investment: Minimum investment required is Rs 1000 and minimum additional investment is Rs 1000. Minimum SIP investment is Rs 1000.
Parag Parikh Arbitrage Fund Direct - Growth Returns
Trailing Returns
Rolling Returns
Discrete Period
SIP Returns
1M 3M 6M 1Y 3Y 5Y Annualized Returns 0.53 1.92 3.78 - - - Category Avg 0.48 1.82 3.56 7.35 5.61 5.07 Rank within Category 20 21 22 - - - No. of funds within Category 27 27 27 25 24 21 - Loading...
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Return Comparison
- This Fund
- BenchmarkInvesco India Arbitrage Direct-G
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Parag Parikh Arbitrage Fund Direct - Growth Fund Details
Investment Objective - The scheme seeks to generate capital appreciation and income by predominantly investing in arbitrage opportunities in the cash and derivatives segment of the equity market, and by investing the balance in debt and money market instruments.
Fund House | PPFAS Mutual Fund |
Launch Date | Nov 02, 2023 |
Benchmark | NIFTY 50 Arbitrage Total Return Index |
Return Since Launch | 6.39% |
Riskometer | Low |
Type | Open-ended |
Risk Grade | - |
Return Grade | - |
Parag Parikh Arbitrage Fund Direct - Growth Investment Details
Minimum Investment (Rs.) | 1,000.00 |
Minimum Additional Investment (Rs.) | 1,000.00 |
Minimum SIP Investment (Rs.) | 1,000.00 |
Minimum Withdrawal (Rs.) | 1,000.00 |
Exit Load Exit load of 0.25%, if redeemed within 30 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 236 205 210 206 166 173 Top 5 Company Holdings 28.76% 31.49% 27.16% 27.02% 28.21% 30.12% Top 10 Company Holdings 40.74% 43.16% 38.35% 39.27% 42.29% 42.73% Company with Highest Exposure Parag Parikh Liquid Direct-G (12.74%) Parag Parikh Liquid Direct-G (18.15%) Parag Parikh Liquid Direct-G (11.45%) Parag Parikh Liquid Direct-G (11.3%) Parag Parikh Liquid Direct-G (10.68%) Parag Parikh Liquid Direct-G (10.82%) Number of Sectors - 1 - - - 1 Top 3 Sector Holdings - 0.02% - - - 1.14% Top 5 Sector Holdings - 0.02% - - - 1.14% Sector with Highest Exposure - Healthcare (0.02%) - - - Chemicals (1.14%)
Top Stock Holdings
Sector Holdings in MF
Debt Holdings in Portfolio
Company Sector Assest(%) P/E EPS-TTM(₹) RETURN 1 YR(%) Vodafone Idea Communication 4.91 -3.81 -4.28 83.15 HDFC Bank Financial 4.78 18.29 89.60 3.03 Bank of Baroda Financial 3.62 6.76 36.95 30.68 NTPC Energy 2.29 18.56 22.08 85.39 ONGC Energy 2.24 9.40 35.08 87.59 Bharat Electronics Capital Goods 2.18 51.10 5.80 120.14 Larsen & Toubro Construction 2.08 37.93 97.11 35.47 GMR Airports Infrastructure Construction 1.98 -100.24 -0.94 54.15 Kotak Mahindra Bank Financial 1.86 16.42 108.21 -0.33 Reliance Industries Energy 1.64 29.94 101.60 25.68
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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 Parag Parikh Arbitrage Fund Direct - Growth 10.65 Unrated 892.32 0.53 - - - Invesco India Arbitrage Fund Direct-Growth 32.44 17,654.19 0.55 8.30 6.87 6.12 Tata Arbitrage Fund Direct - Growth 14.20 11,915.77 0.57 8.32 6.54 6.15 Aditya Birla Sun Life Arbitrage Fund Direct-Growth 26.90 13,208.82 0.55 8.24 6.47 5.89 Nippon India Arbitrage Fund Direct-Growth 27.01 15,616.73 0.54 8.18 6.56 5.97
Risk Ratios
Ratios are calculated using the calendar month returns for the last 3 years
Risk Ratio data not available for this fund
Fund Manager
- R.T.Rajeev ThakkarSince Oct 20234 schemes
- R.O.Raunak OnkarSince Oct 20234 schemes
- R.M.Raj MehtaSince Oct 20235 schemes
- R.T.Rukun TarachandaniSince Oct 20234 schemes
- M.K.Mansi KariyaSince Dec 20235 schemes
Mr.Thakkar is a Chartered Accountant, Cost Accountant, CFA, and CFP. He has been associated with PPFAS AMC since 2013.
Scheme Name Category Nav(Rs./Unit) Scheme Rating Asset(Rs. Cr) 1Y Parag Parikh Conservative Hybrid Fund Direct - Growth Conservative Hybrid 14.32 2,113.40 19.59 Parag Parikh ELSS Tax Saver Fund Direct - Growth ELSS 32.54 4,016.58 38.85 Parag Parikh Flexi Cap Fund Direct-Growth Flexi Cap 85.53 75,956.22 40.61 Parag Parikh Dynamic Asset Allocation Fund Direct - Growth Dynamic Asset Allocation 10.82 Unrated 888.24 - Mr.Onkar is an MMS (Finance) from the University of Mumbai. He joined PPFAS as a research analyst. He was appointed as Head- research in the year 2011. He is working with the company as an Associate Fund Manager.
Scheme Name Category Nav(Rs./Unit) Scheme Rating Asset(Rs. Cr) 1Y Parag Parikh Conservative Hybrid Fund Direct - Growth Conservative Hybrid 14.32 2,113.40 19.59 Parag Parikh ELSS Tax Saver Fund Direct - Growth ELSS 32.54 4,016.58 38.85 Parag Parikh Flexi Cap Fund Direct-Growth Flexi Cap 85.53 75,956.22 40.61 Parag Parikh Dynamic Asset Allocation Fund Direct - Growth Dynamic Asset Allocation 10.82 Unrated 888.24 - Mr. Mehta is a Commerce Graduate from University of Mumbai (N.M. College) ; Fellow Member of Institute of Chartered Accountants of India (ICAI) ; CFA Charter Holder. Beginning his career as an intern with PPFAS Mutual Fund in 2012, he swiftly moved up the ranks, and is currently part of the Fund Management team.
Scheme Name Category Nav(Rs./Unit) Scheme Rating Asset(Rs. Cr) 1Y Parag Parikh Conservative Hybrid Fund Direct - Growth Conservative Hybrid 14.32 2,113.40 19.59 Parag Parikh ELSS Tax Saver Fund Direct - Growth ELSS 32.54 4,016.58 38.85 Parag Parikh Flexi Cap Fund Direct-Growth Flexi Cap 85.53 75,956.22 40.61 Parag Parikh Liquid Fund Direct - Growth Liquid 1,380.12 2,245.78 7.03 Parag Parikh Dynamic Asset Allocation Fund Direct - Growth Dynamic Asset Allocation 10.82 Unrated 888.24 - Mr. Tarachandani has done B Tech (Information Technology), PGPM (Finance), CFA and CQF. Prior to joining PPFAS Mutual Fund, he has worked with Kotak Mutual Fund, Goldman Sachs, Unnati Investment Management & Research Group.
Scheme Name Category Nav(Rs./Unit) Scheme Rating Asset(Rs. Cr) 1Y Parag Parikh Conservative Hybrid Fund Direct - Growth Conservative Hybrid 14.32 2,113.40 19.59 Parag Parikh ELSS Tax Saver Fund Direct - Growth ELSS 32.54 4,016.58 38.85 Parag Parikh Flexi Cap Fund Direct-Growth Flexi Cap 85.53 75,956.22 40.61 Parag Parikh Dynamic Asset Allocation Fund Direct - Growth Dynamic Asset Allocation 10.82 Unrated 888.24 - Ms. Karia has done B.Com, MS Finance and CFA Prior to joining PPFAS AMC, she has worked with Insync and Zacks Investment Research
Scheme Name Category Nav(Rs./Unit) Scheme Rating Asset(Rs. Cr) 1Y Parag Parikh Conservative Hybrid Fund Direct - Growth Conservative Hybrid 14.32 2,113.40 19.59 Parag Parikh ELSS Tax Saver Fund Direct - Growth ELSS 32.54 4,016.58 38.85 Parag Parikh Flexi Cap Fund Direct-Growth Flexi Cap 85.53 75,956.22 40.61 Parag Parikh Liquid Fund Direct - Growth Liquid 1,380.12 2,245.78 7.03 Parag Parikh Dynamic Asset Allocation Fund Direct - Growth Dynamic Asset Allocation 10.82 Unrated 888.24 -
More PPFAS Mutual Fund
Scheme Name | Rating | Asset Size(Cr) | 1M | 3M | 6M | 1Y | 3Y |
---|---|---|---|---|---|---|---|
Parag Parikh Flexi Cap Fund Direct-Growth | 58,900.52 | 0.48 | 8.52 | 17.05 | 41.81 | 23.37 | |
Parag Parikh ELSS Tax Saver Fund Direct - Growth | 2,997.16 | 1.28 | 7.64 | 15.18 | 34.78 | 23.66 | |
Parag Parikh Liquid Fund Direct - Growth | 2,014.41 | 0.57 | 1.73 | 3.42 | 6.87 | 5.11 | |
Parag Parikh Conservative Hybrid Fund Direct - Growth | 1,862.59 | 1.29 | 5.57 | 8.59 | 18.39 | - | |
Parag Parikh Arbitrage Fund Direct - Growth | 370.76 | 0.63 | 2.07 | - | - | - | |
Parag Parikh Dynamic Asset Allocation Fund Direct - Growth | 169.77 | - | - | - | - | - |
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1. Parag Parikh Arbitrage Fund - Direct Plan is Open-ended Arbitrage Hybrid scheme which belongs to PPFAS Mutual Fund House.
2. The fund was launched on Nov 02, 2023.
Investment objective & Benchmark
1. The investment objective of the fund is that " The scheme seeks to generate capital appreciation and income by predominantly investing in arbitrage opportunities in the cash and derivatives segment of the equity market, 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 -0.45% in equities, 29.98% in debts and 70.47% in cash & cash equivalents.
2. While the top 10 equity holdings constitute around 38.68% of the assets, the top 3 sectors constitute around 0.02% of the assets.
3. The fund largely follows a Value 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 Parag Parikh Arbitrage Fund Direct - 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.
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FAQs about Parag Parikh Arbitrage Fund Direct - Growth
- Is it safe to invest in Parag Parikh Arbitrage Fund - Direct Plan?As per SEBI’s latest guidelines to calculate risk grades, investment in the Parag Parikh Arbitrage Fund - Direct Plan comes under Low risk category.
- What is the category of Parag Parikh Arbitrage Fund - Direct Plan?Parag Parikh Arbitrage Fund - Direct Plan belongs to the Hybrid : Arbitrage category of funds.
- How Long should I Invest in Parag Parikh Arbitrage Fund - Direct Plan?The suggested investment horizon of investing into Parag Parikh Arbitrage Fund - Direct 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 Parag Parikh Arbitrage Fund - Direct Plan?The Parag Parikh Arbitrage Fund - Direct Plan is managed by Rajeev Thakkar (Since Oct 23, 2023) , Raunak Onkar (Since Oct 23, 2023) , Raj Mehta (Since Oct 23, 2023) , Rukun Tarachandani (Since Oct 23, 2023) and Mansi Kariya (Since Dec 22, 2023).
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