Invesco India 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 : Invesco 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

: ₹ 29.341 0.05%
(as on 05th June, 2023)

Crisil Rank

Very good performance among peers

Fund Size

: ₹ 3507.17 Cr

(3.95% of Investment in Category)

Expense Ratio

: 0.38%

(0.37% Category average)

Risk-O-Meter

Low

Arbitrage Fund :Arbitrage Fund : The fund has 65.01% investment in domestic equities of which 29.16% is in Large Cap stocks, 17.67% is in Mid Cap stocks, 8.11% in Small Cap stocks.The fund has 5.48% investment in Debt, of which 3.5% in Government securities, 1.98% is in Low Risk securities.

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This Scheme

VS

Nifty 50

0.62%

1.88%

3.71%

5.67%

4.71%

4.68%

6.57%
NA
0.54%

1.87%

3.79%

5.95%

4.93%

5.16%

5.78%

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 05th June, 2023)

Period Invested for	₹10000 Invested on	Latest Value	Absolute Returns	Annualised Returns	Category Avg	Rank within Category
1 Week	29-May-23	10007.30	0.07%	-	0.07%	13/28
1 Month	05-May-23	10055.70	0.56%	-	0.54%	12/28
3 Month	03-Mar-23	10197.20	1.97%	-	1.87%	7/28
6 Month	05-Dec-22	10407.70	4.08%	-	3.79%	2/28
YTD	30-Dec-22	10329.00	3.29%	-	3.07%	2/28
1 Year	03-Jun-22	10691.10	6.91%	6.87%	5.95%	1/27
2 Year	04-Jun-21	11179.10	11.79%	5.72%	4.93%	1/27
3 Year	05-Jun-20	11642.50	16.43%	5.20%	4.56%	1/25
5 Year	05-Jun-18	13190.80	31.91%	5.69%	5.16%	3/20
10 Year	05-Jun-13	19083.20	90.83%	6.67%	6.56%	4/10
Since Inception	02-Jan-13	19733.50	97.34%	6.74%	5.78%	6/28

Returns Calculator Detailed Returns Analysis

SIP Returns (NAV as on 05th June, 2023)

Period Invested for	₹1000 SIP Started on	Investments	Latest Value	Absolute Returns	Annualised Returns
1 Year	03-Jun-22	12000	12478.37	3.99 %	7.46 %
2 Year	04-Jun-21	24000	25636.37	6.82 %	6.49 %
3 Year	05-Jun-20	36000	39367.77	9.35 %	5.9 %
5 Year	05-Jun-18	60000	69185.62	15.31 %	5.64 %
10 Year	05-Jun-13	120000	163917.49	36.6 %	6.08 %

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 30th Apr,2023)

Portfolio Turnover Ratio : 2092.00% | Category average turnover ratio is 1822.58%

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 : 65.01% | F&O Holdings : 65.30%| Foreign Equity Holdings : 0.00%| Total : -0.29%

No of Stocks : 278 (Category Avg - 106.96) | Large Cap Investments : 29.16%| Mid Cap Investments : 17.67% | Small Cap Investments : 8.11% | Other : -55.23%

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
HDFC Bank Ltd.	Private sector bank	2574.8	7.34%	3.65%	7.34% (Apr 2023)	0% (May 2022)	15.26 L	9.10 L
Ambuja Cements Ltd.	Cement & cement products	1199.7	3.42%	1.82%	4.31% (Nov 2022)	0% (May 2022)	30.26 L	18.49 L
Tata Motors Ltd.	Passenger cars & utility vehicles	1123	3.20%	-0.07%	3.27% (Mar 2023)	0% (May 2022)	23.16 L	2.28 L
Infrastructure Development Finance Company Limited	Holding company	902.6	2.57%	-1.59%	4.16% (Mar 2023)	0.09% (Dec 2022)	1.03 Cr	-0.40 Cr
Zee Entertainment Enterprises Ltd.	Tv broadcasting & software production	879.5	2.51%	1.53%	3.47% (Sep 2022)	0.11% (May 2022)	44.70 L	32.31 L
Adani Enterprises Ltd.	Trading - minerals	719.9	2.05%	1.82%	2.57% (May 2022)	0% (May 2022)	3.74 L	3.38 L
Bajaj Finserv Ltd	Holding company	690.9	1.97%	-0.80%	3.93% (May 2022)	0% (May 2022)	5.10 L	-0.79 L
Associated Cement Companies Ltd.	Cement & cement products	557.5	1.59%	-1.62%	3.21% (Mar 2023)	0% (May 2022)	3.16 L	-2.02 L
Pi Industries Ltd.	Pesticides & agrochemicals	551.7	1.57%	-0.57%	2.83% (Jan 2023)	0% (May 2022)	1.63 L	-0.27 L
Manappuram Finance Ltd.	Non banking financial company (nbfc)	540.1	1.54%	1.35%	1.54% (Apr 2023)	0.19% (Mar 2023)	41.64 L	37.50 L

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

Detailed Portfolio Analysis

No of Debt Holding 7 (Category Avg - 8.15) | Modified Duration 0.27 Years (Category Avg - 0.33)| Yield to Maturity 6.96% (Category Avg - 7.02%)

Type of Holdings

Security Type	% Weight	Category Average
GOI	0.00%	1.21%
CD	0.00%	1.28%
T-Bills	3.50%	7.61%
CP	0.00%	2.01%
NCD & Bonds	1.98%	0.39%
PTC	0.00%	0.03%

Investment / Portfolio Grades

Security Type	% Weight	Category Average
Government Backed	3.50%	8.82%
Low Risk	1.98%	3.71%
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 (%)
Net Receivables	Net Receivables	60.08%
TREPS	TREPS	14.29%
MF Units	MF Units	12.22%
MF Units	MF Units	4.00%
MF Units	MF Units	2.22%

Detailed Portfolio Analysis

Risk Ratios

Ratios calculated on daily returns for last 3 years (Updated as on 31st May, 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.

Low volatility

0.94vs0.95

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

0.58vs0.55

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

-2.34vs-2.86

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

-0.04vs0.09

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

-0.79vs-1.39

Category Avg

Alternative Funds (Category Peers)

Scheme Name	Crisil Rank	Asset Size (Cr)	1M	3M	6M	1Y	3Y
SBI Arbitrage Opportunities Fund - Direct Plan - Growth	4	8085.93	0.61	2.03	4.11	6.58	4.85
Kotak Equity Arbitrage Fund - Direct Plan - Growth	3	20587.12	0.58	1.99	4.01	6.47	5.05
Tata Arbitrage Fund - Direct Plan - Growth	5	5762.20	0.53	1.98	4.00	6.45	5.06
Edelweiss Arbitrage Fund - Direct Plan - Growth	4	4687.76	0.56	1.96	3.98	6.43	5.03
Nippon India Arbitrage Fund - Direct Plan - Growth	3	8475.10	0.59	2.00	3.95	6.39	5.01
Bandhan Arbitrage Fund - Direct Plan - Growth	4	2926.97	0.53	1.99	3.97	6.39	4.85
DSP Arbitrage fund - Direct Plan - Growth	3	1260.73	0.59	1.95	3.98	6.36	4.70
Mirae Asset Arbitrage Fund - Direct Plan - Growth	4	314.80	0.55	1.99	3.90	6.32	0.00
Aditya Birla Sun Life Arbitrage Fund - Direct Plan - Growth	3	3650.92	0.57	1.97	3.94	6.30	4.87
ICICI Prudential Equity - Arbitrage Fund - Direct Plan - Growth	3	10188.57	0.55	1.93	3.88	6.30	4.83

Detailed Comparison

More Funds from Invesco Mutual Fund

Out of 37 mutual fund schemes offered by this AMC, 4 is/are ranked 5 * , 4 is/are ranked 4 * , 8 is/are ranked 3 * , 2 is/are ranked 2 * , 2 is/are ranked 1 * , and 17 schemes are not ranked. See more about AMC

Scheme Name	Crisil Rank	Asset Size (Cr)	1M	3M	6M	1Y	3Y
Invesco India Contra Fund - Direct Plan - Growth	2	9703.16	5.02	6.98	0.49	16.15	24.88
Invesco India Liquid Fund - Direct Plan - Growth	4	5898.03	0.61	1.82	3.45	6.32	4.38
Invesco India Growth Opportunities Fund - Direct Plan - Growth	2	3783.30	4.81	8.90	1.25	16.83	22.68
Invesco India Arbitrage Fund - Direct Plan - Growth	5	3507.17	0.56	1.97	4.08	6.87	5.20
Invesco India Mid Cap Fund - Direct Plan - Growth	3	2803.25	5.01	10.43	4.23	21.09	29.23
Invesco India Multicap Fund - Direct Plan - Growth	3	2458.69	4.74	7.67	1.93	17.08	26.51
Invesco India Corporate Bond Fund - Direct Plan - Growth	3	2420.96	0.67	2.64	3.79	6.81	5.44
Invesco India Money Market Fund - Direct Plan - Growth	4	2405.69	0.68	2.22	3.82	6.66	4.71
Invesco India Tax Plan - Direct Plan - Growth	1	1911.58	5.32	8.47	1.34	12.61	21.72
Invesco India Focused 20 Equity Fund - Direct Plan - Growth	NA	1639.94	5.67	7.44	-1.17	9.60	0.00