Axis Arbitrage Fund - Growth

Regular

Regular and Direct options of the funds are exactly same except commission to your mutual fund broker/distributor. As an investor you do not need to pay any additional fees to purchase any of these options. However both have different expense ratios. Regular funds have higher expense ratio and direct funds have lower expense ratio. This difference is because of commission paid to broker/distributor. Lower expense ratio leads to higher returns for investors.
Direct

Regular and Direct options of the funds are exactly same except commission to your mutual fund broker/distributor. As an investor you do not need to pay any additional fees to purchase any of these options. However both have different expense ratios. Regular funds have higher expense ratio and direct funds have lower expense ratio. This difference is because of commission paid to broker/distributor. Lower expense ratio leads to higher returns for investors.

Category : Arbitrage Fund

Fund House : Axis Mutual Fund

NAV

This number shows latest NAV (Net Asset Value) and change in the NAV from previous day. NAV is nothing but the unit price for the fund. You will be allocated number of units based on this price. NAV is declared once each day generally at the end of the day. Once you invest in mutual funds, your money is further invested in stocks and bonds by mutual fund managers. Mutual Fund NAV is the per unit latest value of all such stocks/bonds held in the portfolio

: ₹ 14.4572 0.11%
(as on 23rd October, 2020)

Crisil Rank

Not Ranked

Rank not available for the fund

Fund Size

: ₹ 2621.68 Cr

(3.93% of Investment in Category)

Expense Ratio

: 1.06%

(1% Category average)

Risk-O-Meter

Moderately High

(Min ₹1000 for SIP, ₹5000 for one time investment)

Arbitrage Fund :Arbitrage Fund : Fund has 68.95% investment in indian stocks of which 60.7% is in large cap stocks, 8.1% is in mid cap stocks, 0.13% in small cap stocks.Fund has 7.84% investment in Debt of which , 7.84% in funds invested in very low risk securities..

Axis Dynamic Equity Fund - Direct Plan (G)

3Y Return: 6.37%

5Y Return: 6.32%

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This Scheme

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Nifty 50

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NA
0.37%

0.85%

1.39%

4.02%

4.98%

5.74%

5.47%

NA
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VIP (Value Avg)

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Returns (NAV as on 23rd October, 2020)

Period Invested for	₹10000 Invested on	Latest Value	Absolute Returns	Annualised Returns	Category Avg	Rank within Category
1 Week	16-Oct-20	10015.20	0.15%	-	0.13%	9/27
1 Month	23-Sep-20	10041.90	0.42%	-	0.37%	7/27
3 Month	23-Jul-20	10083.60	0.84%	-	0.85%	16/26
6 Month	23-Apr-20	10149.10	1.49%	-	1.39%	14/25
YTD	01-Jan-20	10349.00	3.49%	-	3.25%	11/24
1 Year	23-Oct-19	10434.60	4.35%	4.33%	4.02%	13/24
2 Year	23-Oct-18	11095.90	10.96%	5.33%	4.98%	10/20
3 Year	23-Oct-17	11758.70	17.59%	5.54%	5.30%	11/17
5 Year	23-Oct-15	13230.80	32.31%	5.75%	5.74%	8/15
Since Inception	14-Aug-14	14457.20	44.57%	6.13%	5.47%	13/27

Returns Calculator Detailed Returns Analysis

SIP Returns (NAV as on 23rd October, 2020)

Period Invested for	₹1000 SIP Started on	Investments	Latest Value	Absolute Returns	Annualised Returns
1 Year	23-Oct-19	12000	12253.21	2.11 %	3.92 %
2 Year	23-Oct-18	24000	25198.57	4.99 %	4.75 %
3 Year	23-Oct-17	36000	38939.91	8.17 %	5.16 %
5 Year	23-Oct-15	60000	68954.74	14.92 %	5.5 %

SIP Calculator Detailed Returns Analysis

Tax Treatment

Portfolio (Updated on 30th Sep,2020)

Equity Holding : 68.95% | F&O Holdings : -69.17%| Foreign Equity Holdings : 0.00%| Total : -0.22%

No of Stocks : 162 (Category Avg - 76.04) | Large Cap Investments : 60.7%| Mid Cap Investments : 8.1% | Small Cap Investments : 0.13% | Other : -69.15%

Top 10 Stocks in Portfolio

How to read this table?

Stock Invested in	Sector	Value(Mn)	% of Total Holdings	1M Change	1Y Highest Holding	1Y Lowest Holding	Quantity	1M Change in Qty
Housing Development Finance Corporation Ltd.	Housing finance	1530	5.84%	-0.15%	9.32% (Oct 2019)	5.17% (Jun 2020)	8.79 L	-0.77 L
Reliance Industries Ltd.	Refineries/marketing	1460.1	5.57%	-2.77%	8.69% (Dec 2019)	0% (Oct 2019)	6.53 L	-5.18 L
ICICI Bank Ltd.	Banks	1394.1	5.32%	-3.98%	9.3% (Aug 2020)	0% (Oct 2019)	39.30 L	-0.30 Cr
Bharti Airtel Ltd.	Telecom - services	1030.9	3.93%	-4.31%	9.21% (Jul 2020)	1.41% (Feb 2020)	24.49 L	-0.22 Cr
Maruti Suzuki India Ltd.	Passenger/utility vehicles	683.8	2.61%	2.51%	5.49% (Feb 2020)	0.1% (Aug 2020)	1.01 L	97.10 k
Vedanta Ltd.	Copper & copper products	606	2.31%	1.49%	2.31% (Sep 2020)	0% (Oct 2019)	44.27 L	25.67 L
State Bank Of India	Banks	602.4	2.30%	-0.84%	3.14% (Aug 2020)	0.04% (Nov 2019)	32.49 L	-0.11 Cr
Aurobindo Pharma Ltd.	Pharmaceuticals	550.9	2.10%	0.20%	2.1% (Sep 2020)	0% (Oct 2019)	6.92 L	3.90 k
Indusind Bank Ltd.	Banks	529.9	2.02%	-2.10%	4.12% (Aug 2020)	0% (Oct 2019)	10.05 L	-9.06 L
Cadila Healthcare Ltd.	Pharmaceuticals	528.4	2.02%	0.40%	2.02% (Sep 2020)	0% (Oct 2019)	13.38 L	66.00 k

- indicates change in weight in the portfolio. # indicates a new entry.

Detailed Portfolio Analysis

No of Debt Holding 11 (Category Avg - 4.78) | Modified Duration 0.80 Years (Category Avg - 0.58)| Yield to Maturity 4.32% (Category Avg - 4.85%)

Type of Holdings

Security Type	% Weight	Category Average
GOI	0.00%	0.80%
CD	0.56%	0.21%
T-Bills	0.00%	1.94%
NCD & Bonds	7.28%	1.48%
CP	0.00%	0.28%
PTC	0.00%	0.03%

Investment / Portfolio Grades

Security Type	% Weight	Category Average
Government Backed	0.00%	0.00%
Low Risk	7.84%	2.00%
Moderate Risk	0.00%	0.00%
High Risk	0.00%	0.00%
Very High Risk	0.00%	0.00%
Others	0.00%	0.00%

Detailed Portfolio Analysis

Name	Type of Instrument	Weight (%)
Net Receivables	Net Receivables	69.09%
FD - Axis Bank Ltd.	FD	3.39%
FD - Au Small Finance Bank Ltd.	FD	2.10%
FD - Au Small Finance Bank Ltd.	FD	1.91%
FD - Axis Bank Ltd.	FD	1.89%

Detailed Portfolio Analysis

Risk Ratios

Ratios calculated on daily returns for last 3 years (Updated as on 30th September, 2020)

Standard Deviation
Standard Deviation value gives an idea about how volatile fund returns has been in the past 3 years. Lower value indicates more predictable performance. So if you are comparing 2 funds (lets say Fund A and Fund B) in the same category. If Fund A and Fund B has given 9% returns in last 3 years, but Fund A standard deviation value is lower than Fund B. So you can say that there is a higher chance that Fund A will continue giving similar returns in future also whereas Fund B returns may vary.

High volatility

1.18vs0.82

Category Avg
Beta
Beta value gives idea about how volatile fund performance has been compared to similar funds in the market. Lower beta implies the fund gives more predictable performance compared to similar funds in the market. So if you are comparing 2 funds (lets say Fund A and Fund B) in the same category. If Fund A and Fund B has given 9% returns in last 3 years, but Fund A beta value is lower than Fund B. So you can say that there is a higher chance that Fund A will continue giving similar returns in future also whereas Fund B returns may vary.

High volatility

1.6vs0.52

Category Avg
Sharpe Ratio
Sharpe ratio indicates how much risk was taken to generate the returns. Higher the value means, fund has been able to give better returns for the amount of risk taken. It is calculated by subtracting the risk-free return, defined as an Indian Government Bond, from the fund's returns, and then dividing by the standard deviation of returns. For example, if fund A and fund B both have 3-year returns of 15%, and fund A has a Sharpe ratio of 1.40 and fund B has a Sharpe ratio of 1.25, you can chooses fund A, as it has given higher risk-adjusted return.

Better risk adjusted returns

1.37vs0.82

Category Avg
Treynor's Ratio
Treynor's ratio indicates how much excess return was generated for each unit of risk taken. Higher the value means, fund has been able to give better returns for the amount of risk taken. It is calculated by subtracting the risk-free return, defined as an Indian Government Bond, from the fund's returns, and then dividing by the beta of returns. For example, if fund A and fund B both have 3-year returns of 15%, and fund A has a Treynor's ratio of 1.40 and fund B has a Treynor's ratio of 1.25, then you can chooses fund A, as it has given higher risk-adjusted return.

Better risk adjusted returns

0.01vs-0.08

Category Avg
Jension's Alpha
Alpha indicates how fund generated additional returns compared to a benchmark. Let's say if a fund A benchmarks its returns with Nifty50 returns then alpha equal to 1.0 indicates the fund has beaten the nifty returns by 1%, so the higher the alpha, the better.

Poor risk adjusted returns

-2.51vs-0.31

Category Avg

Alternative Funds (Category Peers)

Scheme Name	Crisil Rank	Asset Size (Cr)	1M	3M	6M	1Y	3Y
Tata Arbitrage Fund - Growth	5	2092.85	0.45	1.02	2.01	5.19	0.00
L&T Arbitrage Opportunities Fund - Growth	4	1417.37	0.41	1.11	2.00	5.05	5.77
BNP Paribas Arbitrage Fund - Growth	NA	572.24	0.43	0.95	1.60	4.81	5.70
Union Arbitrage Fund - Growth	4	89.09	0.33	0.79	1.68	4.80	0.00
Edelweiss Arbitrage Fund - Growth	5	3316.13	0.28	0.82	1.47	4.66	5.73
UTI Arbitrage Fund - Growth	3	3105.15	0.43	0.94	1.80	4.61	5.73
Kotak Equity Arbitrage Fund - Growth	3	15110.70	0.40	0.97	1.70	4.56	5.72
Invesco India Arbitrage Fund - Growth	4	469.63	0.44	0.90	1.72	4.53	5.55
Nippon India Arbitrage Fund - Growth	3	7167.51	0.41	0.91	1.70	4.52	5.87
ICICI Prudential Equity - Arbitrage Fund - Growth	3	9277.25	0.44	0.91	1.61	4.52	5.62

Detailed Comparison

More Funds from Axis Mutual Fund

Out of 54 mutual fund schemes offered by this AMC, 3 is/are ranked 5 * , 3 is/are ranked 4 * , 7 is/are ranked 3 * , 2 is/are ranked 2 * , and 39 schemes are not ranked. See more about AMC

Scheme Name	Crisil Rank	Asset Size (Cr)	1M	3M	6M	1Y	3Y
Axis Liquid Fund - Growth	3	24816.55	0.29	0.83	1.82	4.71	6.34
Axis Long Term Equity Fund - Growth	4	21835.55	6.10	6.98	17.78	0.22	6.76
Axis Banking & PSU Debt Fund - Growth	3	17590.73	0.99	1.48	5.42	9.74	9.17
Axis Bluechip Fund - Growth	5	17270.02	6.00	5.79	17.89	3.60	9.60
Axis Focused 25 Fund - Growth	3	11454.82	5.57	6.61	21.32	1.84	6.65
Axis Treasury Advantage Fund - Growth	3	8146.49	0.65	1.31	4.13	7.68	7.84
Axis Short Term Fund - Growth	3	8114.72	1.13	1.56	5.61	10.36	8.43
Axis Midcap Fund - Growth	5	6731.64	3.54	9.53	23.06	10.81	10.41
Axis Multicap Fund - Growth	NA	6366.65	5.17	5.35	16.01	1.53	0.00
Axis Overnight Fund - Regular Plan - Growth	NA	5347.45	0.25	0.77	1.53	3.73	0.00