ITI Arbitrage Fund Direct Growth
AlternativeArbitrage FundLow Risk
Direct
NAV (13-Sep-24)
₹12.770.01%1D
Returns (Since Inception)
4.97%
Rated ★4.5+ on 
Fund Overview
Fund Size
₹41 Cr
Expense Ratio
0.21%
ISIN
INF00XX01440
Minimum SIP
₹1,000
Exit Load
No Charges
Inception Date
09 Sep 2019
About this fund
ITI Arbitrage Fund Direct Growth is a Arbitrage Fund mutual fund schemes offered by ITI Mutual Fund. This fund has been in existence for 5 years and 7 days, having been launched on 09-Sep-19.
As of 13-Sep-24, it has a Net Asset Value (NAV) of ₹12.77, Assets Under Management (AUM) of 41.15 Crores, and an expense ratio of 0.21%.
As of 13-Sep-24, it has a Net Asset Value (NAV) of ₹12.77, Assets Under Management (AUM) of 41.15 Crores, and an expense ratio of 0.21%.
- ITI Arbitrage Fund Direct Growth has given a CAGR return of 4.97% since inception.
- The fund's asset allocation comprises around -0.41% in equities, 0.00% in debts, and 100.36% in cash & cash equivalents.
- You can start investing in ITI Arbitrage Fund Direct Growth with a SIP of ₹1000 or a Lumpsum investment of ₹5000.
Performance against Category Average
In this section, we compare the returns of the scheme with the category average over various periods. Periods for which the fund has outperformed its category average are marked in green, otherwise red.
1 Year
+8.21%
+7.53% (Cat Avg.)
3 Years
+5.71%
+5.93% (Cat Avg.)
5 Years
+4.99%
+5.21% (Cat Avg.)
Since Inception
+4.97%
— (Cat Avg.)
Portfolio Summaryas of 31st August 2024
| Equity | ₹-0.17 Cr | -0.41% |
| Others | ₹41.32 Cr | 100.41% |
Top Holdings
All Holdings
Equity
Debt & Others
| Name | Type  | Amount | Holdings |
|---|---|---|---|
| Cash Offset For Derivatives | Cash - General Offset | ₹29.61 Cr | 71.95% |
| ITI Liquid Dir Gr | Mutual Fund - Open End | ₹7.42 Cr | 18.04% |
| Net Receivables / (Payables) | Cash - Collateral | ₹4.24 Cr | 10.30% |
| Future on State Bank of India | Equity - Future | ₹-2.22 Cr | 5.39% |
| State Bank of India | Equity | ₹2.2 Cr | 5.35% |
| Future on HDFC Bank Ltd | Equity - Future | ₹-1.81 Cr | 4.39% |
| HDFC Bank Ltd | Equity | ₹1.8 Cr | 4.38% |
| Future on RBL Bank Ltd | Equity - Future | ₹-1.72 Cr | 4.18% |
| Future on GMR Airports Infrastructure Ltd | Equity - Future | ₹-1.71 Cr | 4.16% |
| RBL Bank Ltd | Equity | ₹1.71 Cr | 4.15% |
| GMR Airports Infrastructure Ltd | Equity | ₹1.7 Cr | 4.13% |
| Future on Vedanta Ltd | Equity - Future | ₹-1.51 Cr | 3.68% |
| Vedanta Ltd | Equity | ₹1.51 Cr | 3.67% |
| Future on Bank of Baroda | Equity - Future | ₹-1.47 Cr | 3.58% |
| Bank of Baroda | Equity | ₹1.46 Cr | 3.56% |
| Future on Reliance Industries Ltd | Equity - Future | ₹-1.37 Cr | 3.32% |
| Reliance Industries Ltd | Equity | ₹1.36 Cr | 3.30% |
| Indus Towers Limited | Equity - Future | ₹-1.25 Cr | 3.04% |
| Indus Towers Ltd Ordinary Shares | Equity | ₹1.25 Cr | 3.03% |
| Steel Authority Of India Ltd | Equity | ₹1.23 Cr | 2.99% |
| Future on Steel Authority Of India Ltd | Equity - Future | ₹-1.23 Cr | 2.99% |
| Future on Larsen & Toubro Ltd | Equity - Future | ₹-1.17 Cr | 2.85% |
| Larsen & Toubro Ltd | Equity | ₹1.17 Cr | 2.84% |
| Future on Adani Ports & Special Economic Zone Ltd | Equity - Future | ₹-1.07 Cr | 2.61% |
| Adani Ports & Special Economic Zone Ltd | Equity | ₹1.07 Cr | 2.59% |
| Future on ITC Ltd | Equity - Future | ₹-0.97 Cr | 2.36% |
| ITC Ltd | Equity | ₹0.96 Cr | 2.34% |
| Future on Manappuram Finance Ltd | Equity - Future | ₹-0.91 Cr | 2.22% |
| Manappuram Finance Ltd | Equity | ₹0.91 Cr | 2.20% |
| Future on Cipla Ltd | Equity - Future | ₹-0.87 Cr | 2.11% |
| Future on ICICI Bank Ltd | Equity - Future | ₹-0.87 Cr | 2.10% |
| Power Finance Corporation Limited | Equity - Future | ₹-0.86 Cr | 2.10% |
| Cipla Ltd | Equity | ₹0.86 Cr | 2.09% |
| ICICI Bank Ltd | Equity | ₹0.86 Cr | 2.09% |
| Power Finance Corp Ltd | Equity | ₹0.86 Cr | 2.08% |
| Future on Bharat Electronics Ltd | Equity - Future | ₹-0.86 Cr | 2.08% |
| Bharat Electronics Ltd | Equity | ₹0.85 Cr | 2.07% |
| Future on Hindustan Aeronautics Ltd Ordinary Shares | Equity - Future | ₹-0.85 Cr | 2.06% |
| Hindustan Aeronautics Ltd Ordinary Shares | Equity | ₹0.84 Cr | 2.05% |
| Future on IndusInd Bank Ltd | Equity - Future | ₹-0.79 Cr | 1.91% |
| IndusInd Bank Ltd | Equity | ₹0.78 Cr | 1.91% |
| Future on Punjab National Bank | Equity - Future | ₹-0.75 Cr | 1.82% |
| Punjab National Bank | Equity | ₹0.75 Cr | 1.81% |
| Future on Berger Paints India Ltd | Equity - Future | ₹-0.68 Cr | 1.66% |
| Berger Paints India Ltd | Equity | ₹0.68 Cr | 1.65% |
| Future on Axis Bank Ltd | Equity - Future | ₹-0.67 Cr | 1.62% |
| Axis Bank Ltd | Equity | ₹0.66 Cr | 1.61% |
| Future on Wipro Ltd | Equity - Future | ₹-0.57 Cr | 1.38% |
| Wipro Ltd | Equity | ₹0.57 Cr | 1.37% |
| Infosys Limited | Equity - Future | ₹-0.55 Cr | 1.33% |
| Infosys Ltd | Equity | ₹0.54 Cr | 1.32% |
| Future on Titan Corporation Limited | Equity - Future | ₹-0.5 Cr | 1.22% |
| Titan Co Ltd | Equity | ₹0.5 Cr | 1.21% |
| Future on HDFC Life Insurance Company Limited | Equity - Future | ₹-0.49 Cr | 1.19% |
| HDFC Life Insurance Co Ltd | Equity | ₹0.49 Cr | 1.18% |
| Future on Crompton Greaves Consumer Electricals Ltd | Equity - Future | ₹-0.43 Cr | 1.05% |
| Crompton Greaves Consumer Electricals Ltd | Equity | ₹0.43 Cr | 1.04% |
| Future on L&T Finance Ltd | Equity - Future | ₹-0.38 Cr | 0.92% |
| L&T Finance Ltd | Equity | ₹0.38 Cr | 0.92% |
| Future on Tata Chemicals Ltd | Equity - Future | ₹-0.36 Cr | 0.87% |
| Tata Chemicals Ltd | Equity | ₹0.36 Cr | 0.87% |
| Future on Max Financial Services Ltd | Equity - Future | ₹-0.26 Cr | 0.63% |
| Max Financial Services Ltd | Equity | ₹0.26 Cr | 0.63% |
| Rec Limited | Equity - Future | ₹-0.25 Cr | 0.61% |
| REC Ltd | Equity | ₹0.25 Cr | 0.60% |
| Future on Siemens AG | Equity - Future | ₹-0.21 Cr | 0.51% |
| Siemens Ltd | Equity | ₹0.21 Cr | 0.50% |
| Treps 02-Sep-2024 | Cash - Repurchase Agreement | ₹0.05 Cr | 0.12% |
Allocation By Market Cap (Equity)
Large Cap Stocks
51.61%
Mid Cap Stocks
13.78%
Small Cap Stocks
--
Other Allocation
Equity Sector
Debt & Others
| Sector | Amount | Holdings |
|---|---|---|
| Financial Services | ₹13.36 Cr | 32.46% |
| Industrials | ₹5.84 Cr | 14.18% |
| Basic Materials | ₹3.77 Cr | 9.17% |
| Energy | ₹1.36 Cr | 3.30% |
| Communication Services | ₹1.25 Cr | 3.03% |
| Technology | ₹1.11 Cr | 2.70% |
| Consumer Defensive | ₹0.96 Cr | 2.34% |
| Consumer Cyclical | ₹0.93 Cr | 2.26% |
| Healthcare | ₹0.86 Cr | 2.09% |
Risk & Performance Ratios
Standard Deviation
This fund
0.81%
Cat. avg.
0.76%
Lower the better
Sharpe Ratio
This fund
-0.62
Cat. avg.
-0.07
Higher the better
Sortino Ratio
This fund
--
Cat. avg.
0.15
Higher the better
Fund Managers
VM
Vikrant Mehta
Since January 2021
Vikas Nathani
Since January 2024
Additional Scheme Detailsas of 31st August 2024
ISIN | INF00XX01440 | Expense Ratio | 0.21% | Exit Load | No Charges | Fund Size | ₹41 Cr | Age | 09 Sep 2019 | Lumpsum Minimum | ₹5,000 | Fund Status | Open Ended Investment Company | Benchmark | NIFTY 50 Arbitrage TR INR |
Investment Objective
To seek to generate long-term capital growth from an actively managed portfolio primarily of Equity and Equity Related Securities. Scheme shall invest in Indian equities,foreign equities and related instruments and debt securities.
Tax Treatment
Capital Gains Taxation:
- For investments made on or after 1 April 2023: The entire capital gain is added to the investor's income and is taxed based on the applicable income tax slab.
- For investments made before 1 April 2023:
- If sold within 2 years of investment: The capital gains are added to the investor's income and taxed according to the applicable tax slab.
- If sold after 2 years of investment: The capital gains are taxed at a flat rate of 12.5%.
- Holding the units: No tax is applicable as long as you hold the units.
Dividend Taxation:
Dividends are considered part of the investor’s income and are taxed according to their applicable tax slab. Additionally, if an investor’s dividend income exceeds INR 5,000 in a financial year, a 10% Tax Deducted at Source (TDS) is withheld by the fund house before distributing the dividend.
Note: As per the Income Tax Budget 2024, mutual funds are subject to capital gains taxation, which includes surcharge and cess based on prevailing income tax rules and the investor’s income. Taxation applies only to realised gains, not notional gains. Please consult your tax advisors to determine the implications or consequences of your investments in such securities.
Similar Arbitrage Fund Funds
| Fund name | Expense Ratio | Exit Load | Fund size | 1Y  |
|---|---|---|---|---|
| Sundaram Arbitrage Fund Regular Growth Low Risk | 0.9% | 0.0% | ₹158.29 Cr | 7.2% |
| Sundaram Arbitrage Fund Direct Growth Low Risk | 0.3% | 0.0% | ₹158.29 Cr | 7.9% |
| Bank of India Arbitrage Fund Direct Growth Low Risk | 0.2% | 0.0% | ₹35.68 Cr | 7.7% |
| Bank of India Arbitrage Fund Regular Growth Low Risk | 0.9% | 0.0% | ₹35.68 Cr | 6.9% |
| Mirae Asset Arbitrage Fund Direct Growth Low Risk | 0.2% | 0.0% | ₹2560.20 Cr | 8.5% |
| Mirae Asset Arbitrage Fund Regular Growth Low Risk | 1.0% | 0.0% | ₹2560.20 Cr | 7.6% |
| Tata Arbitrage Fund Regular Growth Low Risk | 1.1% | 0.0% | ₹11802.18 Cr | 7.6% |
| Tata Arbitrage Fund Direct Growth Low Risk | 0.3% | 0.0% | ₹11802.18 Cr | 8.4% |
| Mahindra Manulife Arbitrage Fund Direct Growth Low Risk | 0.4% | 0.0% | ₹98.53 Cr | 7.1% |
| Mahindra Manulife Arbitrage Fund Regular Growth Low Risk | 1.2% | 0.0% | ₹98.53 Cr | 6.2% |
About the AMC
Other Funds by ITI Mutual Fund
| Fund name | Expense Ratio | Exit Load | Fund size | 1Y |
|---|---|---|---|---|
| ITI Focused Equity Fund Direct Growth Very High Risk | 0.4% | 1.0% | ₹482.32 Cr | 43.2% |
| ITI Liquid Fund Direct Growth Low to Moderate Risk | 0.1% | 0.0% | ₹61.94 Cr | 7.1% |
| ITI Ultra Short Duration Fund Direct Growth Low to Moderate Risk | 0.1% | 0.0% | ₹250.82 Cr | 7.4% |
| ITI Multi Cap Fund Direct Growth Very High Risk | 0.5% | 1.0% | ₹1393.09 Cr | 45.1% |
| ITI Value Fund Direct Growth Very High Risk | 0.5% | 1.0% | ₹295.38 Cr | 43.7% |
| ITI Conservative Hybrid Fund Direct Growth Moderate Risk | 0.2% | 0.0% | ₹14.80 Cr | 8.9% |
| ITI Dynamic Bond Fund Direct Growth Moderate Risk | 0.1% | 0.0% | ₹47.95 Cr | 9.4% |
| ITI Balanced Advantage Fund Direct Growth Very High Risk | 0.6% | 1.0% | ₹384.05 Cr | 23.4% |
| ITI Small Cap Fund Direct Growth Very High Risk | 0.3% | 1.0% | ₹2355.47 Cr | 57.5% |
| ITI Large Cap Fund Direct Growth Very High Risk | 0.5% | 1.0% | ₹360.61 Cr | 34.2% |
| ITI Banking & PSU Debt Fund Direct Growth Moderate Risk | 0.1% | 0.0% | ₹30.73 Cr | 8.0% |
| ITI Banking and Financial Services Fund Direct Growth Very High Risk | 0.4% | 1.0% | ₹265.73 Cr | 16.9% |
| ITI Arbitrage Fund Direct Growth Low Risk | 0.2% | 0.0% | ₹41.15 Cr | 8.2% |
| ITI Overnight Fund Direct Growth Low Risk | 0.1% | 0.0% | ₹113.49 Cr | 6.6% |
| ITI Mid Cap Fund Direct Growth Very High Risk | 0.4% | 1.0% | ₹1133.77 Cr | 65.7% |
| ITI Long Term Equity Fund Direct Growth Very High Risk | 0.5% | 0.0% | ₹398.29 Cr | 57.4% |
| ITI Pharma and Healthcare Fund Direct Growth Very High Risk | 0.5% | 1.0% | ₹194.84 Cr | 57.2% |
| ITI Flexi Cap Fund Direct Growth Very High Risk | 0.5% | 1.0% | ₹1228.13 Cr | 52.3% |
Risk Level
Your principal amount will be at Low Risk
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We're here to help.
What is the current NAV of ITI Arbitrage Fund Direct Growth?
The NAV of ITI Arbitrage Fund Direct Growth, as of 13-Sep-2024, is ₹12.77.
What are the returns of ITI Arbitrage Fund Direct Growth?
The fund has generated 8.21% over the last 1 year and 5.71% over the last 3 years. However, this does not guarantee that the fund will perform similarly in the future.
What is the portfolio composition of ITI Arbitrage Fund Direct Growth?
The fund's allocation of assets is distributed as -0.41% in equities, 0.00% in bonds, and 100.36% in cash and cash equivalents.
Who manages the ITI Arbitrage Fund Direct Growth?
The fund managers responsible for ITI Arbitrage Fund Direct Growth are:-
- Vikrant Mehta
- Vikas Nathani
Disclaimer: Mutual Fund investments are subject to market risks, read all scheme-related documents carefully. The NAVs of the schemes may go up or down depending upon the factors and forces affecting the securities market including the fluctuations in the interest rates. The past performance of the mutual funds is not necessarily indicative of the future performance of the schemes. Investors are requested to review the prospectus carefully and obtain expert professional advice with regard to specific legal, tax and financial implications of the investment/participation in the scheme.
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Mutual Fund distribution services are offered through Dezerv Distribution Services Pvt Limited, a wholly owned subsidiary with AMFI Registration No.: ARN -248439. **Mutual fund investments are subject to market risks, read all scheme related documents carefully.** Terms and conditions of the website are applicable. Privacy policy of the website is applicable.
Dezerv Investments Private Limited is a Portfolio Manager with SEBI Registration no. INP000007377 and an Investment Manager to Category - I AIF-VCF-Angel Fund with SEBI Registration no. IN/AIF1/22-23/1066.
Mutual Fund distribution services are offered through Dezerv Distribution Services Pvt Limited, a wholly owned subsidiary with AMFI Registration No.: ARN -248439. **Mutual fund investments are subject to market risks, read all scheme related documents carefully.** Terms and conditions of the website are applicable. Privacy policy of the website is applicable.