LIC MF Arbitrage Fund Direct Growth
AlternativeArbitrage FundLow Risk
Direct
NAV (19-Sep-24)
₹13.66-0.02%1D
Returns (Since Inception)
5.68%
Rated ★4.5+ on 
Fund Overview
Fund Size
₹142 Cr
Expense Ratio
0.31%
ISIN
INF767K01PP0
Minimum SIP
₹500
Exit Load
No Charges
Inception Date
25 Jan 2019
About this fund
LIC MF Arbitrage Fund Direct Growth is a Arbitrage Fund mutual fund schemes offered by LIC Mutual Fund. This fund has been in existence for 5 years, 7 months and 26 days, having been launched on 25-Jan-19.
As of 19-Sep-24, it has a Net Asset Value (NAV) of ₹13.66, Assets Under Management (AUM) of 141.62 Crores, and an expense ratio of 0.31%.
As of 19-Sep-24, it has a Net Asset Value (NAV) of ₹13.66, Assets Under Management (AUM) of 141.62 Crores, and an expense ratio of 0.31%.
- LIC MF Arbitrage Fund Direct Growth has given a CAGR return of 5.68% since inception.
- The fund's asset allocation comprises around -0.37% in equities, 0.00% in debts, and 100.31% in cash & cash equivalents.
- You can start investing in LIC MF Arbitrage Fund Direct Growth with a SIP of ₹500 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
+7.72%
+7.47% (Cat Avg.)
3 Years
+6.40%
+5.96% (Cat Avg.)
5 Years
+5.54%
+5.19% (Cat Avg.)
Since Inception
+5.68%
— (Cat Avg.)
Portfolio Summaryas of 31st August 2024
| Equity | ₹-0.52 Cr | -0.37% |
| Others | ₹142.13 Cr | 100.37% |
Top Holdings
All Holdings
Equity
Debt & Others
| Name | Type  | Amount | Holdings |
|---|---|---|---|
| Cash Offset For Derivatives | Cash - General Offset | ₹94.2 Cr | 66.52% |
| LIC MF Liquid Dir Gr | Mutual Fund - Open End | ₹32.55 Cr | 22.99% |
| Treps | Cash - Repurchase Agreement | ₹15.23 Cr | 10.75% |
| Future on Bharat Electronics Ltd | Equity - Future | ₹-7.2 Cr | 5.08% |
| Bharat Electronics Ltd | Equity | ₹7.17 Cr | 5.06% |
| Future on Bharat Heavy Electricals Ltd | Equity - Future | ₹-5.68 Cr | 4.01% |
| Bharat Heavy Electricals Ltd | Equity | ₹5.64 Cr | 3.99% |
| Future on HDFC Asset Management Co Ltd | Equity - Future | ₹-5.61 Cr | 3.96% |
| HDFC Asset Management Co Ltd | Equity | ₹5.57 Cr | 3.93% |
| Future on Canara Bank | Equity - Future | ₹-5.07 Cr | 3.58% |
| Future on Indian Energy Exchange Ltd | Equity - Future | ₹-5.06 Cr | 3.57% |
| Canara Bank | Equity | ₹5.04 Cr | 3.56% |
| Indian Energy Exchange Ltd | Equity | ₹5.04 Cr | 3.56% |
| Future on Hindustan Copper Ltd | Equity - Future | ₹-4.96 Cr | 3.50% |
| Hindustan Copper Ltd | Equity | ₹4.93 Cr | 3.48% |
| Future on Tata Power Co Ltd | Equity - Future | ₹-4.72 Cr | 3.33% |
| Tata Power Co Ltd | Equity | ₹4.69 Cr | 3.31% |
| Future on Bank of Baroda | Equity - Future | ₹-4.64 Cr | 3.28% |
| Bank of Baroda | Equity | ₹4.61 Cr | 3.25% |
| Future on Havells India Ltd | Equity - Future | ₹-4.3 Cr | 3.04% |
| Havells India Ltd | Equity | ₹4.27 Cr | 3.02% |
| Future on RBL Bank Ltd | Equity - Future | ₹-4.13 Cr | 2.91% |
| RBL Bank Ltd | Equity | ₹4.09 Cr | 2.89% |
| Future on GMR Airports Infrastructure Ltd | Equity - Future | ₹-4.07 Cr | 2.87% |
| GMR Airports Infrastructure Ltd | Equity | ₹4.04 Cr | 2.85% |
| Future on DLF Ltd | Equity - Future | ₹-3.93 Cr | 2.77% |
| Future on NMDC Ltd | Equity - Future | ₹-3.91 Cr | 2.76% |
| NMDC Ltd | Equity | ₹3.91 Cr | 2.76% |
| DLF Ltd | Equity | ₹3.9 Cr | 2.76% |
| Future on Punjab National Bank | Equity - Future | ₹-3.74 Cr | 2.64% |
| Punjab National Bank | Equity | ₹3.73 Cr | 2.63% |
| Future on Tata Steel Ltd. | Equity - Future | ₹-3.13 Cr | 2.21% |
| Tata Steel Ltd | Equity | ₹3.11 Cr | 2.20% |
| Future on Balrampur Chini Mills Ltd | Equity - Future | ₹-2.51 Cr | 1.77% |
| Balrampur Chini Mills Ltd | Equity | ₹2.49 Cr | 1.76% |
| Future on Trent Ltd | Equity - Future | ₹-2.45 Cr | 1.73% |
| Trent Ltd | Equity | ₹2.43 Cr | 1.72% |
| Future on Aditya Birla Capital Ltd | Equity - Future | ₹-1.55 Cr | 1.10% |
| Aditya Birla Capital Ltd | Equity | ₹1.55 Cr | 1.09% |
| Future on Infosys Ltd | Equity - Future | ₹-1.49 Cr | 1.05% |
| Infosys Ltd | Equity | ₹1.48 Cr | 1.04% |
| Future on Bandhan Bank Ltd | Equity - Future | ₹-1.3 Cr | 0.92% |
| Bandhan Bank Ltd | Equity | ₹1.29 Cr | 0.91% |
| Future on Indian Railway Catering And Tourism Corp Ltd | Equity - Future | ₹-1.23 Cr | 0.87% |
| Indian Railway Catering And Tourism Corp Ltd | Equity | ₹1.22 Cr | 0.86% |
| Future on Jindal Steel & Power Ltd | Equity - Future | ₹-1.22 Cr | 0.86% |
| Jindal Steel & Power Ltd | Equity | ₹1.21 Cr | 0.86% |
| Future on Nestle India Ltd | Equity - Future | ₹-1.21 Cr | 0.85% |
| Nestle India Ltd | Equity | ₹1.2 Cr | 0.85% |
| National Aluminium Co Ltd | Equity | ₹1.16 Cr | 0.82% |
| Future on National Aluminium Co Ltd | Equity - Future | ₹-1.16 Cr | 0.82% |
| Future on Axis Bank Ltd | Equity - Future | ₹-1.11 Cr | 0.78% |
| Axis Bank Ltd | Equity | ₹1.1 Cr | 0.78% |
| Future on Cholamandalam Investment and Finance Co Ltd | Equity - Future | ₹-1.01 Cr | 0.71% |
| Cholamandalam Investment and Finance Co Ltd | Equity | ₹1 Cr | 0.71% |
| Future on L&T Finance Ltd | Equity - Future | ₹-0.91 Cr | 0.64% |
| L&T Finance Ltd | Equity | ₹0.91 Cr | 0.64% |
| Future on Oil & Natural Gas Corp Ltd | Equity - Future | ₹-0.83 Cr | 0.59% |
| Oil & Natural Gas Corp Ltd | Equity | ₹0.83 Cr | 0.58% |
| Future on IndusInd Bank Ltd | Equity - Future | ₹-0.72 Cr | 0.51% |
| IndusInd Bank Ltd | Equity | ₹0.71 Cr | 0.50% |
| Future on Polycab India Ltd | Equity - Future | ₹-0.69 Cr | 0.48% |
| Polycab India Ltd | Equity | ₹0.68 Cr | 0.48% |
| Future on Bharat Petroleum Corp Ltd | Equity - Future | ₹-0.58 Cr | 0.41% |
| Bharat Petroleum Corp Ltd | Equity | ₹0.58 Cr | 0.41% |
| Future on Hindalco Industries Ltd | Equity - Future | ₹-0.49 Cr | 0.35% |
| Hindalco Industries Ltd | Equity | ₹0.49 Cr | 0.35% |
| Future on Aditya Birla Fashion and Retail Ltd | Equity - Future | ₹-0.49 Cr | 0.35% |
| Aditya Birla Fashion and Retail Ltd | Equity | ₹0.49 Cr | 0.34% |
| Future on Container Corporation of India Ltd | Equity - Future | ₹-0.48 Cr | 0.34% |
| Container Corporation of India Ltd | Equity | ₹0.48 Cr | 0.34% |
| Future on UPL Ltd | Equity - Future | ₹-0.47 Cr | 0.33% |
| UPL Ltd | Equity | ₹0.47 Cr | 0.33% |
| Future on REC Ltd | Equity - Future | ₹-0.37 Cr | 0.26% |
| REC Ltd | Equity | ₹0.37 Cr | 0.26% |
| Future on State Bank of India | Equity - Future | ₹-0.37 Cr | 0.26% |
| State Bank of India | Equity | ₹0.37 Cr | 0.26% |
| Future on Hindustan Petroleum Corp Ltd | Equity - Future | ₹-0.26 Cr | 0.18% |
| Hindustan Petroleum Corp Ltd | Equity | ₹0.25 Cr | 0.18% |
| Future on Britannia Industries Ltd | Equity - Future | ₹-0.24 Cr | 0.17% |
| Britannia Industries Ltd | Equity | ₹0.23 Cr | 0.17% |
| Future on Godrej Properties Ltd | Equity - Future | ₹-0.2 Cr | 0.14% |
| Godrej Properties Ltd | Equity | ₹0.2 Cr | 0.14% |
| Future on Bajaj Finance Ltd | Equity - Future | ₹-0.18 Cr | 0.13% |
| Bajaj Finance Ltd | Equity | ₹0.18 Cr | 0.13% |
| Future on City Union Bank Ltd | Equity - Future | ₹-0.17 Cr | 0.12% |
| City Union Bank Ltd | Equity | ₹0.17 Cr | 0.12% |
| Future on Hero MotoCorp Ltd | Equity - Future | ₹-0.16 Cr | 0.12% |
| Hero MotoCorp Ltd | Equity | ₹0.16 Cr | 0.12% |
| Net Receivables / (Payables) | Cash | ₹0.16 Cr | 0.11% |
| The Ramco Cements Ltd. | Equity - Future | ₹-0.14 Cr | 0.10% |
| Ramco Cements Ltd | Equity | ₹0.14 Cr | 0.10% |
| The Indian Hotels Company Ltd. | Equity - Future | ₹-0.07 Cr | 0.05% |
| Indian Hotels Co Ltd | Equity | ₹0.06 Cr | 0.05% |
Allocation By Market Cap (Equity)
Large Cap Stocks
69.77%
Mid Cap Stocks
29.03%
Small Cap Stocks
1.20%
Allocation By Credit Quality (Debt)
AAA
Other Allocation
Equity Sector
Debt & Others
| Sector | Amount | Holdings |
|---|---|---|
| Financial Services | ₹35.73 Cr | 25.23% |
| Industrials | ₹23.51 Cr | 16.60% |
| Basic Materials | ₹15.43 Cr | 10.89% |
| Utilities | ₹4.69 Cr | 3.31% |
| Real Estate | ₹4.1 Cr | 2.90% |
| Consumer Defensive | ₹3.93 Cr | 2.77% |
| Consumer Cyclical | ₹3.15 Cr | 2.22% |
| Energy | ₹1.66 Cr | 1.17% |
| Technology | ₹1.48 Cr | 1.04% |
Risk & Performance Ratios
Standard Deviation
This fund
0.64%
Cat. avg.
0.76%
Lower the better
Sharpe Ratio
This fund
0.69
Cat. avg.
-0.07
Higher the better
Sortino Ratio
This fund
--
Cat. avg.
0.15
Higher the better
Fund Managers
SB
Sumit Bhatnagar
Since October 2023
PS
Pratik Shroff
Since September 2023
Additional Scheme Detailsas of 31st August 2024
ISIN | INF767K01PP0 | Expense Ratio | 0.31% | Exit Load | No Charges | Fund Size | ₹142 Cr | Age | 25 Jan 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 | 7.1% |
| Sundaram Arbitrage Fund Direct Growth Low Risk | 0.3% | 0.0% | ₹158.29 Cr | 7.7% |
| Bank of India Arbitrage Fund Direct Growth Low Risk | 0.2% | 0.0% | ₹35.68 Cr | 7.6% |
| Bank of India Arbitrage Fund Regular Growth Low Risk | 0.9% | 0.0% | ₹35.68 Cr | 6.8% |
| Mirae Asset Arbitrage Fund Direct Growth Low Risk | 0.2% | 0.0% | ₹2560.20 Cr | 8.3% |
| Mirae Asset Arbitrage Fund Regular Growth Low Risk | 1.0% | 0.0% | ₹2560.20 Cr | 7.5% |
| Tata Arbitrage Fund Regular Growth Low Risk | 1.1% | 0.0% | ₹11802.18 Cr | 7.5% |
| Tata Arbitrage Fund Direct Growth Low Risk | 0.3% | 0.0% | ₹11802.18 Cr | 8.3% |
| Mahindra Manulife Arbitrage Fund Direct Growth Low Risk | 0.4% | 0.0% | ₹98.53 Cr | 7.0% |
| Mahindra Manulife Arbitrage Fund Regular Growth Low Risk | 1.2% | 0.0% | ₹98.53 Cr | 6.1% |
About the AMC
Total AUM
₹30,456 Cr
Address
4th Floor, Industrial Assurance Building, Mumbai, 400 020
Other Funds by LIC Mutual Fund
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 LIC MF Arbitrage Fund Direct Growth?
The NAV of LIC MF Arbitrage Fund Direct Growth, as of 19-Sep-2024, is ₹13.66.
What are the returns of LIC MF Arbitrage Fund Direct Growth?
The fund has generated 7.72% over the last 1 year and 6.40% 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 LIC MF Arbitrage Fund Direct Growth?
The fund's allocation of assets is distributed as -0.37% in equities, 0.00% in bonds, and 100.31% in cash and cash equivalents.
Who manages the LIC MF Arbitrage Fund Direct Growth?
The fund managers responsible for LIC MF Arbitrage Fund Direct Growth are:-
- Sumit Bhatnagar
- Pratik Shroff
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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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.
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.