SBI Arbitrage Opportunities Fund Direct-Growth
(Scheme Rating)
NAV as of Aug 28, 2024
33.820.01%
- Growth - Direct
(Earn upto 0.53% Extra Returns with Direct Plan)
Fund Category:
Hybrid: Arbitrage
Expense Ratio:
0.43%(0.34% Category
average)Fund Size:
Rs. 32,546.22 Cr(13.49% of Investment in Category)
- Invest in MFADD TO PORTFOLIO
SBI Arbitrage Opportunities Fund Direct-Growth
(Scheme Rating)
NAV as of Aug 28, 2024
33.820.01%
Expense Ratio:
0.43%
Fund Size:
Rs. 32,546.22 Cr
Fund Category:
Hybrid: Arbitrage
1. Current NAV: The Current Net Asset Value of the SBI Arbitrage Opportunities Fund - Direct Plan as of Aug 28, 2024 is Rs 33.82 for Growth option of its Direct plan.
2. Returns: Its trailing returns over different time periods are: 8.17% (1yr), 6.7% (3yr), 5.72% (5yr) and 6.82% (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 SBI Arbitrage Opportunities Fund - Direct Plan currently holds Assets under Management worth of Rs 32546.22 crore as on Jul 31, 2024.
4. Expense ratio: The expense ratio of the fund is 0.43% for Direct plan as on Jul 31, 2024.
5. Exit Load: SBI Arbitrage Opportunities Fund - Direct Plan shall attract an Exit Load, "Exit load of 0.25%, if redeemed within 1 month."
6. Minimum Investment: Minimum investment required is Rs 5000 and minimum additional investment is Rs 1000. Minimum SIP investment is Rs 500.
SBI Arbitrage Opportunities Fund Direct-Growth Returns
Trailing Returns
Rolling Returns
Discrete Period
SIP Returns
1M 3M 6M 1Y 3Y 5Y Annualized Returns 0.63 2.12 3.89 8.17 6.70 5.72 Category Avg 0.57 1.94 3.50 7.44 5.64 5.07 Rank within Category 17 14 14 18 4 13 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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SBI Arbitrage Opportunities Fund Direct-Growth Fund Details
Investment Objective - The scheme will invest 65 to 85 per cent of its assets in equities and equity derivatives and the rest in debt and money market instruments. It will invest in stocks and would offset its investment in stocks by simultaneous equivalent investment in equity derivatives.
Fund House | SBI Mutual Fund |
Launch Date | Jan 01, 2013 |
Benchmark | NIFTY 50 Arbitrage Total Return Index |
Return Since Launch | 6.82% |
Riskometer | Low |
Type | Open-ended |
Risk Grade | Above Average |
Return Grade | Average |
SBI Arbitrage Opportunities Fund Direct-Growth Investment Details
Minimum Investment (Rs.) | 5,000.00 |
Minimum Additional Investment (Rs.) | 1,000.00 |
Minimum SIP Investment (Rs.) | 500.00 |
Minimum Withdrawal (Rs.) | 500.00 |
Exit Load Exit load of 0.25%, if redeemed within 1 month. |
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 355 368 358 355 340 351 Top 5 Company Holdings 24.89% 21.99% 27.33% 28.41% 29.06% 28.22% Top 10 Company Holdings 33.75% 31.59% 36.9% 37.31% 37.86% 36.25% Company with Highest Exposure SBI Savings Direct-G (9.26%) SBI Savings Direct-G (8.5%) SBI Savings Direct-G (8.85%) SBI Savings Direct-G (9.43%) SBI Savings Direct-G (9.86%) SBI Savings Direct-G (9.17%) Number of Sectors - - 1 - - - Top 3 Sector Holdings - - 0.01% - - - Top 5 Sector Holdings - - 0.01% - - - Sector with Highest Exposure - - Consumer Staples (0.01%) - - -
Top Stock Holdings
Sector Holdings in MF
Debt Holdings in Portfolio
Company Sector Assest(%) P/E EPS-TTM(₹) RETURN 1 YR(%) HDFC Bank Financial 7.6 18.26 89.60 3.76 Reliance Industries Energy 3.02 29.55 101.60 22.62 Adani Enterprises Services 1.99 85.13 35.27 22.47 Hindustan Aeronautics Capital Goods 1.96 37.36 123.27 139.33 Bharat Electronics Capital Goods 1.93 50.83 5.80 122.35 Tata Power Company Energy 1.85 37.12 11.56 76.12 Vodafone Idea Communication 1.6 -3.76 -4.28 77.44 Larsen & Toubro Construction 1.52 38.01 97.11 36.87 Vedanta Metals & Mining 1.43 34.73 13.31 95.65 Indusind Bank Financial 1.42 12.25 115.88 0.45
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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 SBI Arbitrage Opportunities Fund Direct-Growth 33.82 32,546.22 0.63 8.17 6.70 5.72 Invesco India Arbitrage Fund Direct-Growth 32.44 17,654.19 0.64 8.38 6.91 6.12 Tata Arbitrage Fund Direct - Growth 14.20 11,915.77 0.65 8.41 6.57 6.16 Edelweiss Arbitrage Fund Direct-Growth 19.55 12,007.18 0.63 8.44 6.71 6.11 Axis Arbitrage Fund Direct-Growth 19.10 5,605.02 0.63 8.31 6.62 5.94
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.
High Volatality
0.70VS0.69Fund 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
0.82VS0.92Fund 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
1.28VS0.79Fund 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
1.08VS0.60Fund 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.
Better risk-adjusted returns
2.57VS2.42Fund Vs Category Avg
Mean Return
Mean Return
Average return generated by the fund during a specified period.
Better average monthly returns
6.43VS6.07Fund Vs Category Avg
Risk Ratio Chart
- Risk Ratio
- Category Average
Fund Manager
- R.A.R ArunSince Jun 20215 schemes
- N.K.Neeraj KumarSince Jan 20131 schemes
Mr. Arun is a B.Com (H), PGDM (Finance) and Financial Risk Manager (GARP). Prior joining SBI in 2009 he has worked with ING Investment Management, Deutsche Bank India Operations and CRISIL India.
Scheme Name Category Nav(Rs./Unit) Scheme Rating Asset(Rs. Cr) 1Y SBI Magnum Low Duration Fund Direct Plan-Growth Low Duration 3,403.26 11,204.01 7.72 SBI Liquid Fund Direct Plan-Growth Liquid 3,890.92 68,877.19 7.39 SBI Savings Fund Direct-Growth Money Market 41.69 29,357.76 7.66 SBI Magnum Ultra Short Duration Fund Direct-Growth Ultra Short Duration 5,711.45 13,220.09 7.52 SBI Overnight Fund Direct-Growth Overnight 4,000.16 16,624.51 6.77 Mr.Kumar is a B.Com(H) and ACA. Prior to joining SBI AMC he has worked with SBI Funds Management Pvt. Ltd. and LIC.
Scheme Name Category Nav(Rs./Unit) Scheme Rating Asset(Rs. Cr) 1Y SBI Equity Savings Fund Direct-Growth Equity Savings 25.02 5,044.06 16.93
More SBI Mutual Fund
Scheme Name | Rating | Asset Size(Cr) | 1M | 3M | 6M | 1Y | 3Y |
---|---|---|---|---|---|---|---|
SBI Liquid Fund Direct Plan-Growth | 70,911.57 | 0.60 | 1.86 | 3.75 | 7.33 | 5.77 | |
SBI Equity Hybrid Fund Direct Plan-Growth | 68,372.47 | 4.19 | 8.98 | 12.91 | 25.95 | 14.41 | |
SBI Bluechip Direct Plan-Growth | 46,084.82 | 5.97 | 12.06 | 13.63 | 27.06 | 17.69 | |
SBI Focused Equity Fund Direct Plan-Growth | 33,488.95 | 6.89 | 13.39 | 15.99 | 33.89 | 16.38 | |
SBI Arbitrage Opportunities Fund Direct-Growth | 31,116.02 | 0.67 | 2.10 | 4.32 | 8.38 | 6.49 | |
SBI Contra Direct Plan-Growth | 30,520.42 | 6.59 | 12.78 | 20.93 | 49.29 | 29.99 | |
SBI Balanced Advantage Fund Direct - Growth | 30,096.32 | 3.49 | 6.95 | 13.85 | 25.85 | - | |
SBI Small Cap Fund Direct-Growth | 28,375.34 | 7.94 | 21.55 | 22.81 | 44.00 | 26.26 | |
SBI Savings Fund Direct-Growth | 24,347.58 | 0.65 | 1.96 | 3.93 | 7.53 | 6.02 | |
SBI Long Term Equity Fund Direct Plan-Growth | 23,887.64 | 6.60 | 16.01 | 29.12 | 59.90 | 29.02 |
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1. SBI Arbitrage Opportunities Fund - Direct Plan is Open-ended Arbitrage Hybrid scheme which belongs to SBI Mutual Fund House.
2. The fund was launched on Jan 01, 2013.
Investment objective & Benchmark
1. The investment objective of the fund is that " The scheme will invest 65 to 85 per cent of its assets in equities and equity derivatives and the rest in debt and money market instruments. It will invest in stocks and would offset its investment in stocks by simultaneous equivalent investment in equity derivatives. "
2. It is benchmarked against NIFTY 50 Arbitrage Total Return Index.
Asset Allocation & Portfolio Composition
1. The asset allocation of the fund comprises around -0.35% in equities, 26.75% in debts and 73.61% in cash & cash equivalents.
2. While the top 10 equity holdings constitute around 33.75% 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 SBI Arbitrage Opportunities 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 SBI Arbitrage Opportunities Fund Direct-Growth
- Is it safe to invest in SBI Arbitrage Opportunities Fund - Direct Plan?As per SEBI’s latest guidelines to calculate risk grades, investment in the SBI Arbitrage Opportunities Fund - Direct Plan comes under Low risk category.
- What is the category of SBI Arbitrage Opportunities Fund - Direct Plan?SBI Arbitrage Opportunities Fund - Direct Plan belongs to the Hybrid : Arbitrage category of funds.
- How Long should I Invest in SBI Arbitrage Opportunities Fund - Direct Plan?The suggested investment horizon of investing into SBI Arbitrage Opportunities 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 SBI Arbitrage Opportunities Fund - Direct Plan?The SBI Arbitrage Opportunities Fund - Direct Plan is managed by R Arun (Since Jun 30, 2021) and Neeraj Kumar (Since Jan 01, 2013).
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