IDFC Arbitrage Fund - Direct Plan - 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 : IDFC 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

: ₹ 26.401 0.04%
(as on 27th November, 2020)

Crisil Rank

Below average performance among peers

Fund Size

: ₹ 7098.16 Cr

(9.59% of Investment in Category)

Expense Ratio

: 0.32%

(0.4% Category average)

Risk-O-Meter

Moderately Low

Arbitrage Fund :Arbitrage Fund : Fund has 67.41% investment in indian stocks of which 60.11% is in large cap stocks, 7.08% is in mid cap stocks, 0.19% in small cap stocks.Fund has 20.59% investment in Debt of which 17.16% in Government securities, 3.43% in funds invested in very low risk securities..

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Nifty 50

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NA
0.17%

0.87%

1.4%

4.29%

5.35%

6.27%

5.9%

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Gold

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Returns Calculator
SIP Calculator
VIP (Value Avg)

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Returns (NAV as on 27th November, 2020)

Period Invested for	₹10000 Invested on	Latest Value	Absolute Returns	Annualised Returns	Category Avg	Rank within Category
1 Week	20-Nov-20	10005.10	0.05%	-	-0.00%	3/27
1 Month	27-Oct-20	10023.30	0.23%	-	0.17%	4/28
3 Month	27-Aug-20	10104.40	1.04%	-	0.87%	6/28
6 Month	27-May-20	10164.70	1.65%	-	1.40%	7/26
YTD	01-Jan-20	10411.70	4.12%	-	3.97%	13/25
1 Year	27-Nov-19	10455.30	4.55%	4.54%	4.29%	13/25
2 Year	27-Nov-18	11188.40	11.88%	5.77%	5.35%	8/21
3 Year	27-Nov-17	11988.20	19.88%	6.23%	5.78%	5/18
5 Year	27-Nov-15	13623.20	36.23%	6.37%	6.27%	7/16
Since Inception	17-Jan-13	17391.40	73.91%	7.29%	5.90%	5/28

Returns Calculator Detailed Returns Analysis

SIP Returns (NAV as on 27th November, 2020)

Period Invested for	₹1000 SIP Started on	Investments	Latest Value	Absolute Returns	Annualised Returns
1 Year	27-Nov-19	12000	12269.53	2.25 %	4.16 %
2 Year	27-Nov-18	24000	25284.28	5.35 %	5.08 %
3 Year	27-Nov-17	36000	39236.24	8.99 %	5.65 %
5 Year	27-Nov-15	60000	69964.62	16.61 %	6.07 %

SIP Calculator Detailed Returns Analysis

Tax Treatment

Portfolio (Updated on 31st Oct,2020)

Portfolio Turnover Ratio : 1390.00% | Category average turnover ratio is 1299.65%

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

Equity Holding : 67.41% | F&O Holdings : 0.00%| Foreign Equity Holdings : 0.00%| Total : 67.41%

No of Stocks : 105 (Category Avg - 74.41) | Large Cap Investments : 60.11%| Mid Cap Investments : 7.08% | Small Cap Investments : 0.19% | Other : 0.03%

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	5027.8	7.08%	1.56%	7.08% (Oct 2020)	1.43% (May 2020)	24.47 L	6.79 L
ICICI Bank Ltd.	Banks	4467.6	6.29%	0.78%	6.29% (Oct 2020)	0% (Nov 2019)	1.14 Cr	2.49 L
Bharti Airtel Ltd.	Telecom - services	3743.8	5.27%	0.31%	7.04% (Jul 2020)	1.4% (Nov 2019)	86.31 L	1.87 L
Housing Development Finance Corporation Ltd.	Housing finance	3600.9	5.07%	0.15%	6.07% (Apr 2020)	2.32% (Jan 2020)	18.72 L	-1.55 L
Hindustan Unilever Ltd.	Diversified	2188.5	3.08%	-2.06%	8.62% (May 2020)	0.06% (Jan 2020)	10.57 L	-7.23 L
ITC Limited	Cigarettes	1849.2	2.61%	0.01%	3.06% (Feb 2020)	0% (Nov 2019)	1.12 Cr	3.30 L
Axis Bank Ltd.	Banks	1411.9	1.99%	0.58%	3.66% (Dec 2019)	0.71% (Aug 2020)	28.67 L	4.86 L
Sun Pharmaceutical Industries Ltd.	Pharmaceuticals	1400.6	1.97%	0.33%	2.82% (Apr 2020)	1.28% (Jun 2020)	30.07 L	6.55 L
Maruti Suzuki India Ltd.	Passenger/utility vehicles	1304.6	1.84%	0.08%	2.72% (Feb 2020)	0.23% (Jul 2020)	1.87 L	400.00
Tata Consumer Products Ltd.	Tea & coffee	1181.7	1.66%	0.20%	1.66% (Oct 2020)	0% (Nov 2019)	23.98 L	3.00 L

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

Detailed Portfolio Analysis

No of Debt Holding 50 (Category Avg - 5.33) | Modified Duration 0.00 Years (Category Avg - 0.42)| Yield to Maturity - -- (Category Avg - 4.12%)

Type of Holdings

Security Type	% Weight	Category Average
GOI	0.00%	0.82%
CD	0.06%	0.23%
T-Bills	17.16%	3.54%
NCD & Bonds	2.50%	1.34%
CP	0.20%	0.40%
PTC	0.67%	0.02%

Investment / Portfolio Grades

Security Type	% Weight	Category Average
Government Backed	17.16%	4.36%
Low Risk	3.43%	1.99%
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	6.26%
FD - Axis Bank Ltd.	FD	2.45%
FD - Axis Bank Ltd.	FD	1.40%
FD - Bank Of Baroda	FD	0.97%
FD - Bank Of Baroda	FD	0.70%

Detailed Portfolio Analysis

Risk Ratios

Ratios calculated on daily returns for last 3 years (Updated as on 29th October, 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

1.13vs0.82

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

0.54vs0.29

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

1.73vs0.99

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

0.04vs-0.18

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.

Better risk adjusted returns

1.36vs0.74

Category Avg

Alternative Funds (Category Peers)

Scheme Name	Crisil Rank	Asset Size (Cr)	1M	3M	6M	1Y	3Y
Tata Arbitrage Fund - Direct Plan - Growth	5	2380.97	0.27	1.14	1.96	5.72	0.00
L&T Arbitrage Opportunities Fund - Direct Plan - Growth	5	2065.20	0.21	1.01	1.81	5.25	6.23
Edelweiss Arbitrage Fund - Direct Plan - Growth	4	3311.43	0.23	0.98	1.57	5.18	6.38
BNP Paribas Arbitrage Fund - Direct Plan - Growth	NA	594.93	0.29	1.07	1.68	5.14	6.25
Union Arbitrage Fund - Direct Plan - Growth	4	86.65	0.23	0.92	1.53	5.02	0.00
Nippon India Arbitrage Fund - Direct Plan - Growth	3	7949.69	0.21	0.99	1.70	4.95	6.49
Invesco India Arbitrage Fund - Direct Plan - Growth	4	476.89	0.18	0.90	1.64	4.87	6.09
Kotak Equity Arbitrage Fund - Direct Plan - Growth	3	15289.36	0.21	1.00	1.64	4.80	6.16
UTI Arbitrage Fund - Direct Plan - Growth	3	3189.75	0.19	0.97	1.70	4.79	6.14
Axis Arbitrage Fund - Direct Plan - Growth	NA	2702.33	0.19	0.91	1.41	4.76	6.22

Detailed Comparison

More Funds from IDFC Mutual Fund

Out of 53 mutual fund schemes offered by this AMC, 4 is/are ranked 5 * , 3 is/are ranked 4 * , 8 is/are ranked 3 * , 8 is/are ranked 2 * , and 30 schemes are not ranked. See more about AMC

Scheme Name	Crisil Rank	Asset Size (Cr)	1M	3M	6M	1Y	3Y
IDFC Banking & PSU Debt Fund - Direct Plan - Growth	4	19779.57	0.95	2.70	5.18	11.15	10.06
IDFC Corporate Bond Fund - Direct Plan - Growth	2	19345.04	0.99	3.26	6.06	12.05	8.97
IDFC Bond Fund - Short Term - Direct Plan - Growth	2	13210.24	0.81	2.38	4.91	10.18	9.07
IDFC Cash Fund - Direct Plan - Growth	3	10189.64	0.27	0.81	1.64	4.28	6.07
IDFC Low Duration Fund - Direct Plan - Growth	5	7175.13	0.50	1.46	3.42	7.28	7.75
IDFC Arbitrage Fund - Direct Plan - Growth	2	7098.16	0.23	1.04	1.65	4.54	6.23
IDFC Ultra Short Term Fund - Direct Plan - Growth	5	5034.17	0.33	1.03	2.24	5.99	0.00
IDFC Multi Cap Fund - Direct Plan - Growth	2	4765.45	9.03	10.32	32.77	5.41	2.12
IDFC Bond Fund - Medium Term Plan - Direct Plan - Growth	5	3915.62	0.74	3.33	4.72	10.90	9.15
IDFC Money Manager Fund - Direct Plan - Growth	3	2841.51	0.32	0.97	2.17	5.98	6.71