HSBC 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 :

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

: ₹ 16.7196 0.09%
(as on 29th November, 2022)

Crisil Rank

Below average performance among peers

Fund Size

: ₹ 2599.32 Cr

(2.7% of Investment in Category)

Expense Ratio

: 0.35%

(0.36% Category average)

Risk-O-Meter

Low

Arbitrage Fund :Arbitrage Fund : The fund has 69.05% investment in domestic equities of which 34.87% is in Large Cap stocks, 25.17% is in Mid Cap stocks, 8.04% in Small Cap stocks.The fund has 27.54% investment in Debt, of which 23.79% in Government securities, 3.75% is in Low Risk securities.

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This Scheme

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Nifty 50

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NA
0.4%

1.24%

2.17%

4.07%

4.18%

5.17%

5.56%

NA
Gold

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Returns Calculator
SIP Calculator
VIP (Value Avg)

Amount

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Profit/Loss

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Annualised Returns

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Returns (NAV as on 29th November, 2022)

Period Invested for	₹10000 Invested on	Latest Value	Absolute Returns	Annualised Returns	Category Avg	Rank within Category
1 Week	22-Nov-22	10016.70	0.17%	-	0.14%	2/27
1 Month	28-Oct-22	10039.40	0.39%	-	0.40%	18/27
3 Month	29-Aug-22	10127.00	1.27%	-	1.24%	14/27
6 Month	27-May-22	10219.80	2.20%	-	2.17%	15/26
YTD	31-Dec-21	10390.00	3.90%	-	3.90%	17/26
1 Year	29-Nov-21	10407.50	4.08%	4.07%	4.07%	17/26
2 Year	27-Nov-20	10892.20	8.92%	4.35%	4.18%	13/26
3 Year	29-Nov-19	11458.10	14.58%	4.64%	4.27%	7/24
5 Year	29-Nov-17	13052.00	30.52%	5.47%	5.17%	6/18
Since Inception	30-Jun-14	16719.60	67.20%	6.29%	5.56%	12/27

Returns Calculator Detailed Returns Analysis

SIP Returns (NAV as on 29th November, 2022)

Period Invested for	₹1000 SIP Started on	Investments	Latest Value	Absolute Returns	Annualised Returns
1 Year	29-Nov-21	12000	12282.58	2.35 %	4.37 %
2 Year	27-Nov-20	24000	25080.67	4.5 %	4.29 %
3 Year	29-Nov-19	36000	38469.71	6.86 %	4.35 %
5 Year	29-Nov-17	60000	67928.22	13.21 %	4.9 %

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 Oct,2022)

Portfolio Turnover Ratio : 1223.73% | Category average turnover ratio is 1611.89%

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 : 69.05% | F&O Holdings : 0.00%| Foreign Equity Holdings : 0.00%| Total : 69.05%

No of Stocks : 124 (Category Avg - 103.42) | Large Cap Investments : 34.87%| Mid Cap Investments : 25.17% | Small Cap Investments : 8.04% | Other : 0.97%

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
Bajaj Finance Ltd.	Nbfc	1195.7	4.60%	-0.92%	6.32% (Aug 2022)	1.4% (Dec 2021)	1.67 L	-0.15 L
United Spirits Ltd.	Brew/distilleries	1033	3.97%	0.17%	3.97% (Oct 2022)	1.08% (Jan 2022)	11.53 L	61.25 k
Adani Ports And Special Economic Zone Ltd.	Port	1007.8	3.88%	0.11%	5.05% (Mar 2022)	3.54% (May 2022)	12.24 L	1.14 L
Trent Limited	Retailing	977	3.76%	-0.30%	4.06% (Sep 2022)	0.28% (Nov 2021)	6.39 L	-0.51 L
Zee Entertainment Enterprises Ltd.	Tv broadcasting & software production	858.2	3.30%	-1.04%	4.34% (Sep 2022)	1.47% (Jun 2022)	32.70 L	-8.01 L
Ambuja Cements Ltd.	Cement	838.4	3.23%	1.25%	4.25% (Aug 2022)	0.07% (Jan 2022)	15.73 L	6.43 L
Power Finance Corporation Ltd.	Financial institution	539.5	2.08%	0.06%	2.08% (Oct 2022)	0% (Nov 2021)	46.81 L	6.20 k
Punjab National Bank	Banks	533.6	2.05%	0.19%	2.05% (Oct 2022)	0.03% (May 2022)	1.25 Cr	1.92 L
Reliance Industries Ltd.	Refineries/marketing	531.6	2.05%	2.04%	2.05% (Oct 2022)	0.01% (Sep 2022)	2.09 L	2.07 L
Infrastructure Development Finance Company Limited	Financial institution	436.8	1.68%	-0.04%	1.79% (Aug 2022)	0% (Nov 2021)	56.40 L	-6.30 L

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

Detailed Portfolio Analysis

No of Debt Holding 12 (Category Avg - 7.15) | Modified Duration 0.37 Years (Category Avg - 0.30)| Yield to Maturity - -- (Category Avg - 6.53%)

Type of Holdings

Security Type	% Weight	Category Average
GOI	10.67%	2.36%
CD	3.75%	1.17%
T-Bills	13.12%	9.64%
CP	0.00%	1.10%
NCD & Bonds	0.00%	0.54%
PTC	0.00%	0.03%

Investment / Portfolio Grades

Security Type	% Weight	Category Average
Government Backed	23.79%	12.00%
Low Risk	3.75%	2.83%
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	2.89%
TREPS	TREPS	1.47%
Net Receivables	Net Receivables	-0.01%
Margin	Margin	-0.94%

Detailed Portfolio Analysis

Risk Ratios

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

1.05vs0.98

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

-0.02vs0.63

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

-2.22vs-2.34

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

1.35vs0.18

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

-2.15vs-1.01

Category Avg

Alternative Funds (Category Peers)

Scheme Name	Crisil Rank	Asset Size (Cr)	1M	3M	6M	1Y	3Y
Invesco India Arbitrage Fund - Direct Plan - Growth	5	1746.63	0.47	1.53	2.73	5.26	4.83
Kotak Equity Arbitrage Fund - Direct Plan - Growth	4	22081.95	0.43	1.32	2.34	4.56	4.71
Edelweiss Arbitrage Fund - Direct Plan - Growth	5	5534.80	0.45	1.32	2.36	4.55	4.84
Axis Arbitrage Fund - Direct Plan - Growth	NA	3730.15	0.40	1.23	2.12	4.52	4.67
Nippon India Arbitrage Fund - Direct Plan - Growth	4	9007.88	0.50	1.35	2.37	4.48	4.71
SBI Arbitrage Opportunities Fund - Direct Plan - Growth	4	6972.67	0.44	1.36	2.36	4.46	4.32
LIC MF Arbitrage Fund - Direct Plan - Growth	2	28.99	0.37	1.32	2.28	4.43	4.22
Tata Arbitrage Fund - Direct Plan - Growth	3	6628.29	0.42	1.30	2.34	4.31	4.92
Mirae Asset Arbitrage Fund - Direct Plan - Growth	4	375.85	0.44	1.30	2.30	4.28	0.00
Aditya Birla Sun Life Arbitrage Fund - Direct Plan - Growth	3	4955.43	0.44	1.26	2.30	4.28	4.57

Detailed Comparison

More Funds from

Out of 39 mutual fund schemes offered by this AMC, 2 is/are ranked 5 * , 3 is/are ranked 4 * , 8 is/are ranked 3 * , 8 is/are ranked 2 * , 3 is/are ranked 1 * , and 15 schemes are not ranked. See more about AMC

Scheme Name	Crisil Rank	Asset Size (Cr)	1M	3M	6M	1Y	3Y
HSBC Small Cap Fund - Direct Plan - Growth	3	8495.85	1.90	3.86	16.78	13.50	29.30
HSBC Value Fund - Direct Plan - Growth	3	8013.55	3.64	7.62	17.02	12.06	20.66
HSBC Corporate Bond Fund - Direct Plan - Growth	2	6742.01	1.38	1.11	3.74	2.23	6.28
HSBC Mid Cap Fund - Direct Plan - Growth	2	6609.58	2.53	3.06	13.49	5.99	18.12
HSBC Aggressive Hybrid Fund - Direct - Growth	1	4625.70	1.41	3.71	10.25	2.58	12.42
HSBC Banking and PSU Debt Fund - Direct Plan - Growth	2	4578.88	0.96	0.89	2.86	1.72	5.20
HSBC Liquid Fund - Direct Plan - Growth	4	3820.18	0.58	1.50	2.78	4.65	4.08
HSBC Short Duration Fund - Direct Plan - Growth	2	3542.31	0.75	1.14	2.74	2.89	5.47
HSBC ELSS Fund - Direct Plan - Growth	1	3282.76	1.66	5.48	14.56	5.64	14.62
HSBC Arbitrage Fund - Direct Plan - Growth	2	2599.32	0.39	1.27	2.20	4.07	4.64