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

: ₹ 26.1591 -0.11%
(as on 06th July, 2020)

Crisil Rank

Average performance among peers

Fund Size

: ₹ 10520.41 Cr

(14.84% of Investment in Category)

Expense Ratio

: 0.93%

(0.99% Category average)

Risk-O-Meter

Moderate

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

Arbitrage Fund :Arbitrage Fund : Fund has 65.7% investment in indian stocks of which 61.3% is in large cap stocks, 3.94% is in mid cap stocks, 0.37% in small cap stocks.Fund has 8.22% investment in Debt of which 4.72% in Government securities, 3.49% in funds invested in very low risk securities..

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This Scheme

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Nifty 50

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NA
0.12%

0.7%

2.12%

4.77%

5.39%

5.94%

5.72%

NA
Gold

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Returns Calculator
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VIP (Value Avg)

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Returns (NAV as on 06th July, 2020)

Period Invested for	₹10000 Invested on	Latest Value	Absolute Returns	Annualised Returns	Category Avg	Rank within Category
1 Week	29-Jun-20	9985.80	-0.14%	-	-0.15%	8/26
1 Month	05-Jun-20	10016.00	0.16%	-	0.12%	7/25
3 Month	03-Apr-20	10092.30	0.92%	-	0.70%	8/25
6 Month	06-Jan-20	10242.00	2.42%	-	2.12%	10/24
YTD	01-Jan-20	10253.60	2.54%	-	2.32%	10/24
1 Year	05-Jul-19	10516.10	5.16%	5.13%	4.77%	12/23
2 Year	06-Jul-18	11202.90	12.03%	5.84%	5.39%	9/19
3 Year	06-Jul-17	11851.90	18.52%	5.82%	5.54%	8/17
5 Year	06-Jul-15	13398.40	33.98%	6.02%	5.94%	6/15
10 Year	06-Jul-10	20695.50	106.95%	7.54%	7.18%	1/9
Since Inception	30-Dec-06	26159.10	161.59%	7.37%	5.72%	2/26

Returns Calculator Detailed Returns Analysis

SIP Returns (NAV as on 06th July, 2020)

Period Invested for	₹1000 SIP Started on	Investments	Latest Value	Absolute Returns	Annualised Returns
1 Year	05-Jul-19	12000	12311.27	2.59 %	4.83 %
2 Year	06-Jul-18	24000	25381.72	5.76 %	5.48 %
3 Year	06-Jul-17	36000	39247.37	9.02 %	5.69 %
5 Year	06-Jul-15	60000	69562.46	15.94 %	5.85 %
10 Year	06-Jul-10	120000	170521.47	42.1 %	6.83 %

SIP Calculator Detailed Returns Analysis

Tax Treatment

Portfolio (Updated on 31st May,2020)

Portfolio Turnover Ratio : 1077.00% | Category average turnover ratio is 1777.28%

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 : 65.70% | F&O Holdings : 0.00%| Foreign Equity Holdings : 0.00%| Total : 65.70%

No of Stocks : 103 (Category Avg - 71.52) | Large Cap Investments : 61.3%| Mid Cap Investments : 3.94% | Small Cap Investments : 0.37% | Other : 0.08%

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
Housing Development Finance Corporation Ltd.	Housing finance	6944.6	6.60%	-0.75%	8.78% (Jan 2020)	6.6% (May 2020)	41.86 L	9.53 L
Hindustan Unilever Ltd.	Diversified	4513	4.29%	4.18%	4.29% (May 2020)	0.11% (Apr 2020)	21.94 L	21.52 L
Infosys Ltd.	Computers - software	4147.7	3.94%	-1.02%	6% (Jul 2019)	0% (Jun 2019)	60.02 L	1.56 L
Bharti Airtel Ltd.	Telecom - services	3990.2	3.79%	-0.22%	4.11% (Mar 2020)	0.73% (Jun 2019)	72.21 L	6.46 L
ICICI Bank Ltd.	Banks	3796.6	3.61%	3.00%	3.61% (May 2020)	0% (Jun 2019)	1.14 Cr	1.01 Cr
Axis Bank Ltd.	Banks	3769.9	3.58%	1.41%	3.61% (Feb 2020)	1.45% (Sep 2019)	97.93 L	56.81 L
Tata Consultancy Services Ltd.	Computers - software	2969.4	2.82%	-1.56%	5.36% (Mar 2020)	0% (Jun 2019)	15.06 L	-3.27 L
Sun Pharmaceutical Industries Ltd.	Pharmaceuticals	2673	2.54%	-0.88%	3.61% (Mar 2020)	2.23% (Sep 2019)	56.36 L	-5.69 L
Larsen & Toubro Ltd.	Engineering, designing, construction	1747.6	1.66%	0.73%	2.44% (Feb 2020)	0.51% (Jun 2019)	18.75 L	10.04 L
State Bank Of India	Banks	1583.3	1.50%	-0.31%	3.33% (Feb 2020)	1.32% (Mar 2020)	98.16 L	17.85 L

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

Detailed Portfolio Analysis

No of Debt Holding 8 (Category Avg - 5.12) | Modified Duration 0.95 Years (Category Avg - 0.46)| Yield to Maturity 4.26% (Category Avg - 4.82%)

Type of Holdings

Security Type	% Weight	Category Average
GOI	4.72%	0.37%
CD	1.41%	0.38%
T-Bills	0.00%	0.03%
NCD & Bonds	1.44%	2.64%
CP	0.64%	0.44%
PTC	0.00%	0.02%

Investment / Portfolio Grades

Security Type	% Weight	Category Average
Government Backed	4.72%	0.40%
Low Risk	3.49%	3.48%
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 (%)
Reverse Repo	Reverse Repo	5.66%
Margin	Margin	4.82%
TREPS	TREPS	2.68%
FD - RBL Bank Ltd.	FD	1.43%
FD - RBL Bank Ltd.	FD	1.14%

Detailed Portfolio Analysis

Risk Ratios

Ratios calculated on daily returns for last 3 years (Updated as on 30th June, 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

1.1vs0.79

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

-0.01vs0.52

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

1.74vs0.96

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.

Poor risk adjusted returns

-1.53vs-0.1

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.

Better risk adjusted returns

1.96vs-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	1618.78	0.21	1.14	2.87	5.77	0.00
L&T Arbitrage Opportunities Fund - Growth	4	763.44	0.25	1.12	2.72	5.54	5.97
BNP Paribas Arbitrage Fund - Growth	NA	784.85	0.11	0.80	2.59	5.49	5.95
Edelweiss Arbitrage Fund - Growth	5	3569.02	0.10	0.91	2.67	5.49	6.01
Union Arbitrage Fund - Growth	4	84.66	0.13	0.99	2.74	5.43	0.00
UTI Arbitrage Fund - Growth	3	2849.06	0.29	1.07	2.54	5.36	5.98
Invesco India Arbitrage Fund - Growth	4	470.16	0.27	0.96	2.54	5.32	5.76
Axis Arbitrage Fund - Growth	NA	3026.81	0.13	0.85	2.42	5.24	5.80
Nippon India Arbitrage Fund - Growth	3	7943.58	0.22	1.06	2.45	5.20	6.08
Aditya Birla Sun Life Arbitrage Fund - Regular Plan - Growth	NA	4182.30	0.12	0.93	2.35	5.20	5.83

Detailed Comparison

More Funds from ICICI Prudential Mutual Fund

Out of 210 mutual fund schemes offered by this AMC, 1 is/are ranked 5 * , 2 is/are ranked 4 * , 22 is/are ranked 3 * , 8 is/are ranked 2 * , 3 is/are ranked 1 * , and 174 schemes are not ranked. See more about AMC

Scheme Name	Crisil Rank	Asset Size (Cr)	1M	3M	6M	1Y	3Y
ICICI Prudential Liquid Fund - Growth	3	57565.63	0.34	1.15	2.60	5.54	6.62
ICICI Prudential Balanced Advantage Fund - Growth	2	24582.47	3.48	24.14	-3.99	0.30	5.18
ICICI Prudential Bluechip Fund - Growth	3	21765.71	4.03	31.65	-9.96	-8.43	2.97
ICICI Prudential Savings Fund - Growth	3	18249.62	1.45	3.28	4.70	9.12	8.01
ICICI Prudential Equity & Debt Fund - Growth	3	17423.14	2.44	22.54	-8.97	-7.39	2.00
ICICI Prudential Value Discovery Fund - Growth	3	14055.62	3.54	35.42	-1.94	-4.29	1.30
ICICI Prudential Short Term Fund - Growth	3	13648.69	1.91	4.48	6.30	11.15	8.02
ICICI Prudential Corporate Bond Fund - Growth	3	12706.66	1.90	4.80	6.54	11.41	8.49
ICICI Prudential Overnight Fund - Regular Plan - Growth	NA	10565.96	0.24	0.71	1.75	4.29	0.00
ICICI Prudential Equity - Arbitrage Fund - Growth	3	10520.41	0.16	0.92	2.42	5.13	5.82