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

: ₹ 26.691 0.09%
(as on 26th February, 2021)

Crisil Rank

Average performance among peers

Fund Size

: ₹ 9999.38 Cr

(13.64% of Investment in Category)

Expense Ratio

: 0.98%

(1% Category average)

Risk-O-Meter

Moderate

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

Arbitrage Fund :Arbitrage Fund : Fund has 67.74% investment in indian stocks of which 60.07% is in large cap stocks, 6.82% is in mid cap stocks, 0.57% in small cap stocks.Fund has 23.52% investment in Debt of which 14.46% in Government securities, 9.04% 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
0.23%

0.7%

1.45%

3.16%

4.5%

5.55%

5.37%

NA
Gold

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Returns Calculator
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VIP (Value Avg)

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Returns (NAV as on 26th February, 2021)

Period Invested for	₹10000 Invested on	Latest Value	Absolute Returns	Annualised Returns	Category Avg	Rank within Category
1 Week	19-Feb-21	10000.10	-	-	0.00%	16/27
1 Month	25-Jan-21	10024.40	0.24%	-	0.23%	14/27
3 Month	26-Nov-20	10076.80	0.77%	-	0.70%	15/27
6 Month	26-Aug-20	10173.50	1.74%	-	1.45%	7/27
YTD	01-Jan-21	10044.00	0.44%	-	0.36%	15/27
1 Year	26-Feb-20	10372.40	3.72%	3.71%	3.16%	9/25
2 Year	26-Feb-19	10991.40	9.91%	4.83%	4.50%	12/23
3 Year	26-Feb-18	11670.10	16.70%	5.28%	4.93%	7/18
5 Year	26-Feb-16	13169.80	31.70%	5.65%	5.55%	6/15
10 Year	25-Feb-11	19844.60	98.45%	7.09%	6.88%	3/10
Since Inception	30-Dec-06	26691.00	166.91%	7.17%	5.37%	2/27

Returns Calculator Detailed Returns Analysis

SIP Returns (NAV as on 26th February, 2021)

Period Invested for	₹1000 SIP Started on	Investments	Latest Value	Absolute Returns	Annualised Returns
1 Year	26-Feb-20	12000	12215.47	1.8 %	3.32 %
2 Year	26-Feb-19	24000	25044.81	4.35 %	4.13 %
3 Year	26-Feb-18	36000	38678.04	7.44 %	4.7 %
5 Year	26-Feb-16	60000	68442.99	14.07 %	5.2 %
10 Year	25-Feb-11	120000	166014.03	38.35 %	6.31 %

SIP Calculator Detailed Returns Analysis

Tax Treatment

Portfolio (Updated on 31st Jan,2021)

Portfolio Turnover Ratio : 219.00% | Category average turnover ratio is 1376.25%

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 : 67.74% | F&O Holdings : 0.00%| Foreign Equity Holdings : 0.00%| Total : 67.74%

No of Stocks : 109 (Category Avg - 76.93) | Large Cap Investments : 60.07%| Mid Cap Investments : 6.82% | Small Cap Investments : 0.57% | Other : 0.25%

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	5401.5	5.40%	-1.35%	8.76% (Sep 2020)	0.09% (May 2020)	29.33 L	-2.77 L
Housing Development Finance Corporation Ltd.	Housing finance	4771.5	4.77%	-1.16%	8.51% (Nov 2020)	4.77% (Jan 2021)	20.07 L	-1.82 L
Bharti Airtel Ltd.	Telecom - services	4479	4.48%	1.24%	4.71% (Jun 2020)	1.51% (Feb 2020)	80.91 L	20.84 L
ICICI Bank Ltd.	Banks	4454.6	4.45%	-0.06%	4.92% (Nov 2020)	0.23% (Mar 2020)	82.95 L	3.26 L
Axis Bank Ltd.	Banks	3458.8	3.46%	0.12%	3.61% (Feb 2020)	2.17% (Apr 2020)	52.18 L	1.32 L
Sun Pharmaceutical Industries Ltd.	Pharmaceuticals	2430	2.43%	-0.14%	3.61% (Mar 2020)	1.34% (Jul 2020)	41.45 L	54.60 k
Larsen & Toubro Ltd.	Engineering, designing, construction	2259.4	2.26%	0.82%	2.44% (Feb 2020)	0% (Feb 2020)	16.93 L	6.38 L
State Bank Of India	Banks	2159.8	2.16%	0.05%	3.33% (Feb 2020)	1.26% (Jun 2020)	76.56 L	4.05 L
Maruti Suzuki India Ltd.	Passenger/utility vehicles	2107.2	2.11%	-0.27%	2.38% (Dec 2020)	0.28% (Aug 2020)	2.92 L	-1.30 k
Tata Steel Ltd.	Steel	1926.9	1.93%	-0.03%	1.96% (Dec 2020)	0% (Feb 2020)	32.06 L	3.35 L

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

Detailed Portfolio Analysis

No of Debt Holding 9 (Category Avg - 7.07) | Modified Duration 0.12 Years (Category Avg - 0.41)| Yield to Maturity 3.45% (Category Avg - 3.72%)

Type of Holdings

Security Type	% Weight	Category Average
GOI	2.77%	0.82%
CD	0.00%	0.01%
T-Bills	11.69%	4.03%
NCD & Bonds	1.54%	1.14%
CP	7.50%	1.12%
PTC	0.00%	0.02%

Investment / Portfolio Grades

Security Type	% Weight	Category Average
Government Backed	14.46%	4.85%
Low Risk	9.04%	2.29%
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 (%)
TREPS	TREPS	3.71%
Net Receivables	Net Receivables	2.36%
FD - RBL Bank Ltd.	FD	1.50%
Margin	Margin	1.17%

Detailed Portfolio Analysis

Risk Ratios

Ratios calculated on daily returns for last 3 years (Updated as on 29th January, 2021)

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

1.15vs0.87

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

-0.01vs0.32

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

1.5vs0.84

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

-1.36vs-0.15

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

1.76vs0.63

Category Avg

Alternative Funds (Category Peers)

Scheme Name	Crisil Rank	Asset Size (Cr)	1M	3M	6M	1Y	3Y
Tata Arbitrage Fund - Growth	5	3334.81	0.29	0.83	1.80	4.35	0.00
L&T Arbitrage Opportunities Fund - Growth	5	3045.87	0.30	0.86	1.75	4.20	5.39
BNP Paribas Arbitrage Fund - Growth	NA	661.44	0.34	0.92	1.85	4.05	5.48
Edelweiss Arbitrage Fund - Growth	4	3323.57	0.32	0.86	1.68	3.99	5.40
Kotak Equity Arbitrage Fund - Growth	4	15527.66	0.32	0.90	1.80	3.88	5.39
UTI Arbitrage Fund - Growth	4	3223.27	0.27	0.79	1.67	3.79	5.35
Nippon India Arbitrage Fund - Growth	3	9514.74	0.31	0.81	1.70	3.75	5.39
Invesco India Arbitrage Fund - Growth	3	505.27	0.35	0.78	1.59	3.72	5.15
Union Arbitrage Fund - Growth	3	63.92	0.15	0.65	1.38	3.67	0.00
Aditya Birla Sun Life Arbitrage Fund - Regular Plan - Growth	3	4020.87	0.30	0.86	1.61	3.60	5.26

Detailed Comparison

More Funds from ICICI Prudential Mutual Fund

Out of 187 mutual fund schemes offered by this AMC, 1 is/are ranked 5 * , 25 is/are ranked 3 * , 10 is/are ranked 2 * , 2 is/are ranked 1 * , and 149 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	39318.62	0.28	0.74	1.55	3.94	5.88
ICICI Prudential Balanced Advantage Fund - Growth	2	28256.68	3.03	8.04	14.80	17.21	9.96
ICICI Prudential Savings Fund - Growth	5	26705.70	0.19	0.97	3.03	7.48	7.98
ICICI Prudential Bluechip Fund - Growth	3	25513.85	3.87	14.78	26.32	25.74	10.02
ICICI Prudential Short Term Fund - Growth	2	24170.26	-0.25	0.19	3.10	8.19	8.39
ICICI Prudential Corporate Bond Fund - Growth	3	21155.67	-0.21	0.16	2.93	8.30	8.55
ICICI Prudential Value Discovery Fund - Growth	3	17060.06	4.11	16.96	26.06	39.39	9.39
ICICI Prudential Equity & Debt Fund - Growth	2	15793.43	9.53	22.02	27.85	27.44	9.91
ICICI Prudential Banking & PSU Debt Fund - Growth	3	15419.68	-0.18	0.24	3.13	6.99	8.07
ICICI Prudential Floating Interest Fund - Growth	1	13322.62	0.14	1.13	3.83	8.19	7.96