ICICI Prudential Equity - 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 : ICICI Prudential 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

: ₹ 28.9133 0.05%
(as on 25th January, 2023)

Crisil Rank

Above average performance among peers

Fund Size

: ₹ 10785.0 Cr

(12.31% of Investment in Category)

Expense Ratio

: 0.99%

(0.99% Category average)

Risk-O-Meter

Low

Arbitrage Fund :Arbitrage Fund : The fund has 66.23% investment in domestic equities of which 45.92% is in Large Cap stocks, 14.46% is in Mid Cap stocks, 2.78% in Small Cap stocks.The fund has 16.5% investment in Debt, of which 9.61% in Government securities, 6.9% is in Low Risk securities.

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This Scheme

VS

Nifty 50

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NA
0.66%

1.46%

2.54%

4.04%

3.79%

4.5%

5.14%

NA
Gold

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Returns Calculator
SIP Calculator
VIP (Value Avg)

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Profit/Loss

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Annualised Returns

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Returns (NAV as on 25th January, 2023)

Period Invested for	₹10000 Invested on	Latest Value	Absolute Returns	Annualised Returns	Category Avg	Rank within Category
1 Week	18-Jan-23	10018.30	0.18%	-	0.18%	13/27
1 Month	23-Dec-22	10068.50	0.68%	-	0.66%	8/27
3 Month	25-Oct-22	10161.20	1.61%	-	1.46%	10/27
6 Month	25-Jul-22	10280.80	2.81%	-	2.54%	7/26
YTD	30-Dec-22	10051.40	0.51%	-	0.51%	17/27
1 Year	25-Jan-22	10440.40	4.40%	4.40%	4.04%	6/26
2 Year	25-Jan-21	10859.00	8.59%	4.21%	3.79%	5/26
3 Year	24-Jan-20	11292.50	12.93%	4.13%	3.74%	5/24
5 Year	25-Jan-18	12707.90	27.08%	4.91%	4.50%	7/19
10 Year	25-Jan-13	18322.80	83.23%	6.24%	6.05%	2/10
Since Inception	30-Dec-06	28913.30	189.13%	6.82%	5.14%	2/27

Returns Calculator Detailed Returns Analysis

SIP Returns (NAV as on 25th January, 2023)

Period Invested for	₹1000 SIP Started on	Investments	Latest Value	Absolute Returns	Annualised Returns
1 Year	25-Jan-22	12000	12328.66	2.74 %	5.08 %
2 Year	25-Jan-21	24000	25122.72	4.68 %	4.45 %
3 Year	24-Jan-20	36000	38401.16	6.67 %	4.23 %
5 Year	25-Jan-18	60000	67212.5	12.02 %	4.48 %
10 Year	25-Jan-13	120000	157756.35	31.46 %	5.34 %

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 : 38.00% | Category average turnover ratio is 1390.34%

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 : 66.23% | F&O Holdings : 0.00%| Foreign Equity Holdings : 0.00%| Total : 66.23%

No of Stocks : 148 (Category Avg - 111.54) | Large Cap Investments : 45.92%| Mid Cap Investments : 14.46% | Small Cap Investments : 2.78% | Other : 3.08%

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
Reliance Industries Ltd.	Refineries/marketing	4820.6	4.47%	-0.51%	5.68% (Aug 2022)	1.85% (Jan 2022)	18.93 L	-0.12 L
Adani Ports And Special Economic Zone Ltd.	Port	4219.4	3.91%	-0.40%	4.31% (Nov 2022)	2.68% (Feb 2022)	51.58 L	46.25 k
ICICI Bank Ltd.	Banks	4007.2	3.72%	-0.16%	3.87% (Nov 2022)	0.44% (Mar 2022)	44.98 L	2.52 L
Sun Pharmaceutical Industries Ltd.	Pharmaceuticals	3000.9	2.78%	-0.32%	3.1% (Nov 2022)	1.34% (May 2022)	29.97 L	-0.97 L
Housing Development Finance Corporation Ltd.	Housing finance	2623.9	2.43%	1.55%	2.43% (Dec 2022)	0.89% (Nov 2022)	9.95 L	6.51 L
Ambuja Cements Ltd.	Cement	2371.7	2.20%	-0.26%	2.46% (Nov 2022)	0.12% (Jan 2022)	45.25 L	25.20 k
Maruti Suzuki India Ltd.	Passenger/utility vehicles	2314.4	2.15%	-0.14%	2.73% (Aug 2022)	0% (Jan 2022)	2.76 L	10.10 k
HDFC Bank Ltd.	Banks	1893.9	1.76%	-1.10%	2.86% (Nov 2022)	0.01% (Mar 2022)	11.63 L	-6.92 L
Zee Entertainment Enterprises Ltd.	Tv broadcasting & software production	1786	1.66%	-0.24%	1.9% (Nov 2022)	1.17% (Jun 2022)	74.40 L	-0.45 L
Tata Power Co. Ltd.	Power	1593.4	1.48%	-0.18%	1.66% (Nov 2022)	1.06% (Jun 2022)	76.71 L	-0.20 L

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

Detailed Portfolio Analysis

No of Debt Holding 10 (Category Avg - 5.92) | Modified Duration 0.09 Years (Category Avg - 0.30)| Yield to Maturity 6.49% (Category Avg - 6.37%)

Type of Holdings

Security Type	% Weight	Category Average
GOI	0.00%	1.20%
CD	0.00%	0.67%
T-Bills	9.61%	8.90%
CP	6.90%	0.69%
NCD & Bonds	0.00%	0.25%
PTC	0.00%	0.03%

Investment / Portfolio Grades

Security Type	% Weight	Category Average
Government Backed	9.61%	10.11%
Low Risk	6.90%	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	6.94%
TREPS	TREPS	6.56%
Net Receivables	Net Receivables	3.52%
Margin	Margin	0.38%

Detailed Portfolio Analysis

Risk Ratios

Ratios calculated on daily returns for last 3 years (Updated as on 30th December, 2022)

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

1.08vs1.03

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

-0.01vs0.65

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

-2.31vs-2.56

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

2vs0.18

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

-2.5vs-1.07

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	0.68	1.77	3.14	5.30	4.33
SBI Arbitrage Opportunities Fund - Regular Plan - Growth	5	7493.91	0.74	1.75	2.98	4.83	4.05
Kotak Equity Arbitrage Fund - Growth	4	21565.89	0.72	1.68	2.90	4.73	4.30
Edelweiss Arbitrage Fund - Growth	4	5078.84	0.69	1.66	2.82	4.59	4.26
HDFC Arbitrage Fund - Wholesale - Growth	3	5912.18	0.68	1.67	2.81	4.42	3.86
Nippon India Arbitrage Fund - Growth	3	8840.77	0.65	1.61	2.71	4.34	4.13
Axis Arbitrage Fund - Growth	NA	3337.00	0.66	1.56	2.59	4.33	4.06
IDFC Arbitrage Fund - Regular Plan - Growth	3	3621.88	0.68	1.64	2.79	4.33	3.85
DSP Arbitrage fund - Growth	3	1254.65	0.70	1.69	2.83	4.30	3.87
Tata Arbitrage Fund - Growth	3	5629.86	0.67	1.63	2.73	4.30	4.28

Detailed Comparison

More Funds from ICICI Prudential Mutual Fund

Out of 146 mutual fund schemes offered by this AMC, 10 is/are ranked 5 * , 8 is/are ranked 4 * , 17 is/are ranked 3 * , 3 is/are ranked 2 * , 2 is/are ranked 1 * , and 106 schemes are not ranked. See more about AMC

Scheme Name	Crisil Rank	Asset Size (Cr)	1M	3M	6M	1Y	3Y
ICICI Prudential Balanced Advantage Fund - Growth	2	44633.87	0.75	0.75	5.02	7.16	10.95
ICICI Prudential Liquid Fund - Growth	3	40973.38	0.55	1.62	2.97	4.97	4.11
ICICI Prudential Bluechip Fund - Growth	5	35049.23	0.93	1.20	8.68	5.32	15.30
ICICI Prudential Value Discovery Fund - Growth	5	27515.18	2.70	4.54	12.41	12.24	23.86
ICICI Prudential Equity & Debt Fund - Growth	5	21281.62	2.10	1.53	9.04	8.86	19.32
ICICI Prudential Savings Fund - Growth	5	20657.55	0.46	1.43	3.65	4.59	5.51
ICICI Prudential Asset Allocator Fund (FOF) - Growth	NA	18159.83	0.99	2.60	6.13	8.08	12.38
ICICI Prudential Corporate Bond Fund - Growth	5	16440.10	0.46	1.51	3.46	4.96	6.20
ICICI Prudential Multi-Asset Fund - Growth	3	15770.14	1.70	4.02	11.25	13.26	19.49
ICICI Prudential Multi-Asset Fund - Growth	3	15770.14	0.00	0.00	0.00	0.00	0.00