ICICI Prudential Equity Arbitrage Fund - Growth
Fund House: ICICI Prudential Mutual Fund| Category: Hybrid: Arbitrage |
| Launch Date: 30-12-2006 |
| Asset Class: Mixed Asset |
| Benchmark: Nifty 50 Arbitrage Index |
| TER: 0.99% As on (31-10-2023) |
| Status: Open Ended Schemes |
| Minimum Investment: 5000.0 |
| Minimum Topup: 1000.0 |
| Total Assets: 15,356.15 Cr As on (31-10-2023) |
| Turn over: 148% | Exit Load: Exit load of 0.25% if redeemed within 1 month |
30.6486
0.01 (0.044%)
6.84%
Benchmark: 6.08%
PERFORMANCE
Fund Multiplier
Time it would have taken to make your money double (2x), quadruple (4x) and quintuple (5x)
Investment Objective
The scheme seeks to generate low volatility returns by using arbitrage and other derivative strategies in equity markets and investments in short-term debt portfolio.
Current Asset Allocation (%)
Indicators
| Standard Deviation | 0.64 |
| Sharpe Ratio | 0.32 |
| Alpha | 1.67 |
| Beta | 0.85 |
| Yield to Maturity | 7.2 |
| Average Maturity | 0.2 |
PEER COMPARISON
| Scheme Name | Inception Date |
1 Year Return(%) |
2 Year Return(%) |
3 Year Return(%) |
5 Year Return(%) |
10 Year Return(%) |
|---|---|---|---|---|---|---|
| ICICI Prudential Equity Arbitrage Fund - Growth | 30-12-2006 | 7.27 | 5.47 | 4.97 | 5.02 | 6.02 |
| SBI Arbitrage Opportunities Fund - Regular Plan - Gr | 03-11-2006 | 7.64 | 5.83 | 5.24 | 5.03 | 5.96 |
| Invesco India Arbitrage Fund - Growth Option | 30-04-2007 | 7.55 | 6.06 | 5.23 | 5.15 | 5.98 |
| Kotak Equity Arbitrage Fund - Growth | 29-09-2005 | 7.54 | 5.75 | 5.19 | 5.19 | 6.18 |
| HDFC Arbitrage Fund - Wholesale Growth Option | 10-10-2007 | 7.37 | 5.49 | 4.91 | 4.88 | 5.8 |
| DSP Arbitrage Fund - Regular - Growth | 05-01-2018 | 7.33 | 5.39 | 4.8 | 4.96 | - |
| Edelweiss Arbitrage Fund- Regular Plan- Growth Option | 05-06-2014 | 7.32 | 5.57 | 5.03 | 5.15 | - |
| UTI Arbitrage Fund - Regular Plan - Growth Option | 22-06-2006 | 7.32 | 5.41 | 4.94 | 5.06 | 5.98 |
| BARODA BNP PARIBAS ARBITRAGE FUND- REGULAR PLAN- GROWTH OPTION | 05-12-2016 | 7.31 | - | - | - | - |
| BANDHAN Arbitrage Fund - Regular Plan - Growth | 21-12-2006 | 7.27 | 5.42 | 4.83 | 4.89 | 5.9 |
Scheme Characteristics
Scheme following arbitrage strategy. Minimum investment in equity & equity related instruments - 65% of total assets.
Riskometer
PORTFOLIO
Market Cap Distribution
Small Cap
2.23%
Others
27.64%
Large Cap
43.21%
Mid Cap
10.67%
Tax Benefits of investing in this fund
Long term capital gains (LTCG) tax @10% (plus surcharge, if applicable and cess) without indexation if units held for more than 12 months#
Short term capital gains (STCG) tax @ 15% (plus surcharge, if applicable and cess) if units are held for less than 12 months.
Investor does not pay any tax on dividends but a Dividend Distribution Tax (DDT) is deducted at source @11.648% (10% + 12% surcharge + 4% Health & education cess) **
# Capital gain accrued up to January 31st 2018 is exempt from LTCG tax in respect of units acquired before January 31, 2018 & redeemed on or after April 1, 2018. ** The DDT is to be paid by the mutual fund
