HSBC Arbitrage Fund - IDCW - Monthly

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 : L&T 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

: ₹ 10.2513 0.05%
(as on 06th February, 2023)

Crisil Rank

Below average performance among peers

Fund Size

: ₹ 2454.16 Cr

(2.8% of Investment in Category)

Expense Ratio

: 1.02%

(1% Category average)

Risk-O-Meter

Low

Arbitrage Fund :Arbitrage Fund : The fund has 69.8% investment in domestic equities of which 31.02% is in Large Cap stocks, 29.46% is in Mid Cap stocks, 8% in Small Cap stocks.The fund has 22.95% investment in Debt, of which 19.93% in Government securities, 3.02% is in Low Risk securities.

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This Scheme

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Nifty 50

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NA
0.57%

1.67%

2.67%

4.11%

3.87%

4.47%

5.16%

NA
Gold

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Returns Calculator
SIP Calculator
VIP (Value Avg)

Amount

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Profit/Loss

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Annualised Returns

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Returns (NAV as on 06th February, 2023)

Period Invested for	₹10000 Invested on	Latest Value	Absolute Returns	Annualised Returns	Category Avg	Rank within Category
1 Week	30-Jan-23	10019.10	0.19%	-	0.20%	16/27
1 Month	06-Jan-23	10057.40	0.57%	-	0.57%	15/27
3 Month	04-Nov-22	10176.90	1.77%	-	1.67%	16/27
6 Month	05-Aug-22	10278.40	2.78%	-	2.67%	16/27
YTD	30-Dec-22	10072.30	0.72%	-	0.70%	10/27
1 Year	04-Feb-22	10420.60	4.21%	4.18%	4.11%	17/26
2 Year	05-Feb-21	10821.70	8.22%	4.02%	3.87%	14/26
3 Year	06-Feb-20	11264.10	12.64%	4.04%	3.70%	6/24
5 Year	06-Feb-18	12506.10	25.06%	4.57%	4.47%	8/19
Since Inception	30-Jun-14	15967.50	59.67%	5.58%	5.16%	12/27

Returns Calculator Detailed Returns Analysis

SIP Returns (NAV as on 06th February, 2023)

Period Invested for	₹1000 SIP Started on	Investments	Latest Value	Absolute Returns	Annualised Returns
1 Year	04-Feb-22	12000	12322.19	2.68 %	4.96 %
2 Year	05-Feb-21	24000	25070.26	4.46 %	4.24 %
3 Year	06-Feb-20	36000	38313.5	6.43 %	4.08 %
5 Year	06-Feb-18	60000	66887.32	11.48 %	4.29 %

SIP Calculator Detailed Returns Analysis

Tax Treatment

If sold after 1 year from purchase date, long term capital gain tax will be applicable. Current tax rate is 10%, if your total long term capital gain exceeds 1 lakh. Any cess/surcharge is not included.|If sold before 1 year from purchase date, short term capital gain tax will be applicable. Current tax rate is 15%. Any cess/surcharge is not included in the 15%.

Portfolio (Updated on 31st Dec,2022)

Portfolio Turnover Ratio : 291.00% | Category average turnover ratio is 1488.01%

Fund manager updated portfolio less frequently than peers in last 1 year. (I.e. fund manager held stocks/bonds in the portfolio for longer duration than peers)

Equity Holding : 69.80% | F&O Holdings : 0.00%| Foreign Equity Holdings : 0.00%| Total : 69.80%

No of Stocks : 132 (Category Avg - 111.54) | Large Cap Investments : 31.02%| Mid Cap Investments : 29.46% | Small Cap Investments : 8% | Other : 1.32%

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
Bajaj Finance Ltd.	Nbfc	1090.7	4.44%	0.18%	6.32% (Aug 2022)	1.54% (Jan 2022)	1.66 L	7.13 k
Ambuja Cements Ltd.	Cement	1003.8	4.09%	-0.18%	4.27% (Nov 2022)	0.07% (Jan 2022)	19.15 L	41.40 k
Tata Power Co. Ltd.	Power	757.1	3.08%	0.59%	3.08% (Dec 2022)	0.01% (Jun 2022)	36.45 L	8.67 L
Trent Limited	Retailing	727	2.96%	-0.19%	4.06% (Sep 2022)	0.47% (Mar 2022)	5.38 L	1.50 k
Zee Entertainment Enterprises Ltd.	Tv broadcasting & software production	723	2.95%	-0.36%	4.34% (Sep 2022)	1.47% (Jun 2022)	30.12 L	-1.23 L
Power Finance Corporation Ltd.	Financial institution	650.2	2.65%	0.56%	2.65% (Dec 2022)	0% (Jan 2022)	46.07 L	7.50 L
United Spirits Ltd.	Brew/distilleries	600.6	2.45%	-1.63%	4.08% (Nov 2022)	1.08% (Jan 2022)	6.84 L	-4.13 L
Rural Electrification Corporation Limited	Financial institution	466	1.90%	0.64%	1.9% (Dec 2022)	0% (Jan 2022)	40.00 L	11.36 L
Adani Ports And Special Economic Zone Ltd.	Port	459.2	1.87%	-0.81%	5.05% (Mar 2022)	1.87% (Dec 2022)	5.61 L	-2.00 L
Bharat Electronics Ltd.	Industrial electronics	453.8	1.85%	0.34%	1.85% (Dec 2022)	0% (Jan 2022)	45.43 L	9.35 L

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

Detailed Portfolio Analysis

No of Debt Holding 13 (Category Avg - 5.92) | Modified Duration 0.37 Years (Category Avg - 0.30)| Yield to Maturity - -- (Category Avg - 6.37%)

Type of Holdings

Security Type	% Weight	Category Average
GOI	2.06%	1.20%
CD	3.02%	0.67%
T-Bills	17.87%	8.90%
CP	0.00%	0.69%
NCD & Bonds	0.00%	0.25%
PTC	0.00%	0.03%

Investment / Portfolio Grades

Security Type	% Weight	Category Average
Government Backed	19.93%	10.11%
Low Risk	3.02%	1.64%
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 (%)
MF Units	MF Units	4.08%
TREPS	TREPS	3.55%
Net Receivables	Net Receivables	-0.38%

Detailed Portfolio Analysis

Risk Ratios

Ratios calculated on daily returns for last 3 years (Updated as on 31st January, 2023)

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

1.07vs1.07

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.

Low volatility

-0.02vs0.65

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

-2.38vs-2.73

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

1.44vs0.33

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

-2.37vs-1.26

Category Avg

Alternative Funds (Category Peers)

Scheme Name	Crisil Rank	Asset Size (Cr)	1M	3M	6M	1Y	3Y
Invesco India Arbitrage Fund - Growth	5	2429.84	0.64	1.97	3.23	5.31	4.30
SBI Arbitrage Opportunities Fund - Regular Plan - Growth	5	7493.91	0.64	1.97	3.12	4.87	4.02
Kotak Equity Arbitrage Fund - Growth	4	21565.89	0.60	1.89	3.01	4.76	4.28
Edelweiss Arbitrage Fund - Growth	4	5078.84	0.62	1.87	2.93	4.62	4.25
HDFC Arbitrage Fund - Wholesale - Growth	3	5912.18	0.62	1.88	2.94	4.49	3.83
ICICI Prudential Equity - Arbitrage Fund - Growth	4	10785.00	0.58	1.81	2.94	4.45	4.10
IDFC Arbitrage Fund - Regular Plan - Growth	3	3621.88	0.60	1.86	2.90	4.40	3.82
Mirae Asset Arbitrage Fund - Growth	4	329.21	0.56	1.74	2.80	4.39	0.00
Nippon India Arbitrage Fund - Growth	3	8840.77	0.55	1.78	2.83	4.39	4.08
DSP Arbitrage fund - Growth	3	1254.65	0.59	1.86	2.92	4.39	3.82

Detailed Comparison

More Funds from L&T Mutual Fund

Out of 49 mutual fund schemes offered by this AMC, 1 is/are ranked 5 * , 6 is/are ranked 4 * , 8 is/are ranked 3 * , 7 is/are ranked 2 * , 5 is/are ranked 1 * , and 22 schemes are not ranked. See more about AMC

Scheme Name	Crisil Rank	Asset Size (Cr)	1M	3M	6M	1Y	3Y
HSBC Liquid Fund - Regular Plan - Growth	4	10988.55	0.53	1.63	3.06	5.12	4.07
HSBC Small Cap Fund - Growth	3	8696.59	-0.17	0.11	5.39	0.45	27.21
HSBC Value Fund - Growth	3	8075.80	-0.88	1.38	8.10	2.88	19.34
HSBC Mid Cap Fund - Regular Plan - Growth	1	7444.26	-2.34	-2.00	0.48	0.35	14.19
HSBC Corporate Bond Fund - Growth	3	7234.95	0.58	2.23	2.84	4.04	5.88
HSBC Aggressive Hybrid Fund - Growth	1	4879.61	-0.99	-2.24	1.07	-3.04	10.50
HSBC Banking and PSU Debt Fund - Growth	1	4578.53	0.58	1.89	2.27	2.33	4.75
HSBC Short Duration Fund - Growth	2	3615.46	0.56	1.72	2.49	3.41	5.00
HSBC Flexi Cap Fund - Growth	3	3235.02	-1.02	-0.86	2.23	-5.26	13.95
HSBC ELSS Fund - Growth	1	3127.91	-1.15	-2.94	2.36	-2.12	12.80