Dezerv

Fund Overview

Fund Size

Fund Size

₹718 Cr

Expense Ratio

Expense Ratio

0.30%

ISIN

ISIN

INF879O01225

Minimum SIP

Minimum SIP

₹1,000

Exit Load

Exit Load

No Charges

Inception Date

Inception Date

23 Oct 2023

About this fund

Parag Parikh Arbitrage Fund Direct Growth is a Arbitrage Fund mutual fund schemes offered by PPFAS Mutual Fund. This fund has been in existence for 7 months and 30 days, having been launched on 23-Oct-23.
As of 21-Jun-24, it has a Net Asset Value (NAV) of ₹10.52, Assets Under Management (AUM) of 718.42 Crores, and an expense ratio of 0.3%.
  • Parag Parikh Arbitrage Fund Direct Growth has given a CAGR return of 5.17% since inception.
  • The fund's asset allocation comprises around -0.53% in equities, 0.68% in debts, and 99.82% in cash & cash equivalents.
  • You can start investing in Parag Parikh Arbitrage Fund Direct Growth with a SIP of ₹1000 or a Lumpsum investment of ₹1000.

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.

Since Inception

+5.17%

(Cat Avg.)

Portfolio Summaryas of 31st May 2024

Equity-3.77 Cr-0.53%
Debt4.86 Cr0.68%
Others717.33 Cr99.85%

Top Holdings

All Holdings

Equity

Debt & Others

NameType sortAmount sortHoldings sort
Cash Offset For DerivativesCash - General Offset572.21 Cr79.65%
Parag Parikh Liquid Dir GrMutual Fund - Open End82.25 Cr11.45%
Hdfc Bank Limited June 2024 FutureEquity - Future-53.95 Cr7.51%
HDFC Bank LtdEquity53.66 Cr7.47%
Clearing Corporation Of India LtdCash - Repurchase Agreement43.88 Cr6.11%
Future on Kotak Mahindra Bank LtdEquity - Future-20.46 Cr2.85%
Kotak Mahindra Bank LtdEquity20.3 Cr2.83%
Future on Bharat Electronics LtdEquity - Future-19.85 Cr2.76%
Bharat Electronics LtdEquity19.74 Cr2.75%
Future on NTPC LtdEquity - Future-19.28 Cr2.68%
NTPC LtdEquity19.12 Cr2.66%
Future on Larsen & Toubro LtdEquity - Future-18.07 Cr2.51%
Larsen & Toubro LtdEquity18.05 Cr2.51%
Future on Reliance Industries LtdEquity - Future-16.35 Cr2.28%
Reliance Industries LtdEquity16.24 Cr2.26%
Future on Oil & Natural Gas Corp LtdEquity - Future-15.9 Cr2.21%
Future on Bank of BarodaEquity - Future-15.85 Cr2.21%
Oil & Natural Gas Corp LtdEquity15.78 Cr2.20%
Bank of BarodaEquity15.73 Cr2.19%
Net Receivables / (Payables)Cash-14.8 Cr2.06%
ICICI Bank LimitedCash - CD/Time Deposit14.56 Cr2.03%
Future on Tata Motors LtdEquity - Future-14.36 Cr2.00%
Tata Motors LtdEquity14.34 Cr2.00%
Future on Axis Bank LtdEquity - Future-13.78 Cr1.92%
Axis Bank LtdEquity13.66 Cr1.90%
Future on Zee Entertainment Enterprises LtdEquity - Future-13.65 Cr1.90%
Future on Vodafone Idea LtdEquity - Future-13.55 Cr1.89%
Zee Entertainment Enterprises LtdEquity13.49 Cr1.88%
Future on State Bank of IndiaEquity - Future-13.45 Cr1.87%
Vodafone Idea LtdEquity13.42 Cr1.87%
Future on Bharat Heavy Electricals LtdEquity - Future-13.34 Cr1.86%
State Bank of IndiaEquity13.33 Cr1.86%
Bharat Heavy Electricals LtdEquity13.26 Cr1.85%
Future on Hindustan Copper LtdEquity - Future-11.23 Cr1.56%
Hindustan Copper LtdEquity11.13 Cr1.55%
Future on Hindustan Petroleum Corp LtdEquity - Future-10.98 Cr1.53%
Hindustan Petroleum Corp LtdEquity10.88 Cr1.51%
Future on Steel Authority Of India LtdEquity - Future-10.87 Cr1.51%
Steel Authority Of India LtdEquity10.78 Cr1.50%
Future on Tata Power Co LtdEquity - Future-9.94 Cr1.38%
Tata Power Co LtdEquity9.88 Cr1.37%
Future on Canara BankEquity - Future-9.52 Cr1.33%
Canara BankEquity9.48 Cr1.32%
HDFC Bank LimitedCash - CD/Time Deposit9.47 Cr1.32%
Indian Oil Corporation Limited June 2024 FutureEquity - Future-9.43 Cr1.31%
Indian Oil Corp LtdEquity9.34 Cr1.30%
Future on GAIL (India) LtdEquity - Future-9.12 Cr1.27%
GAIL (India) LtdEquity9.07 Cr1.26%
Future on National Aluminium Co LtdEquity - Future-8.39 Cr1.17%
National Aluminium Co LtdEquity8.34 Cr1.16%
Future on Tata Consultancy Services LtdEquity - Future-8.03 Cr1.12%
Tata Consultancy Services LtdEquity7.97 Cr1.11%
Hindustan Unilever LtdEquity7.9 Cr1.10%
Future on Hindustan Unilever LtdEquity - Future-7.88 Cr1.10%
Future on HCL Technologies LtdEquity - Future-7.83 Cr1.09%
Bandhan Bank Limited June 2024 FutureEquity - Future-7.81 Cr1.09%
HCL Technologies LtdEquity7.79 Cr1.08%
Bandhan Bank LtdEquity7.77 Cr1.08%
Future on JSW Steel LtdEquity - Future-7.73 Cr1.08%
JSW Steel LtdEquity7.67 Cr1.07%
Future on Bajaj Finance LtdEquity - Future-7.57 Cr1.05%
Bajaj Finance LtdEquity7.53 Cr1.05%
Future on Bharti Airtel LtdEquity - Future-7.08 Cr0.99%
Bharti Airtel LtdEquity7.04 Cr0.98%
Future on Divi's Laboratories LtdEquity - Future-6.95 Cr0.97%
Divi's Laboratories LtdEquity6.89 Cr0.96%
Rec Limited June 2024 FutureEquity - Future-6.61 Cr0.92%
REC LtdEquity6.56 Cr0.91%
Future on Biocon LtdEquity - Future-6.44 Cr0.90%
Biocon LtdEquity6.42 Cr0.89%
Future on Indian Railway Catering And Tourism Corp LtdEquity - Future-6.19 Cr0.86%
Indian Railway Catering And Tourism Corp LtdEquity6.16 Cr0.86%
Future on UltraTech Cement LtdEquity - Future-6 Cr0.83%
UltraTech Cement LtdEquity5.95 Cr0.83%
The India Cements Limited June 2024 FutureEquity - Future-5.86 Cr0.82%
India Cements LtdEquity5.81 Cr0.81%
Future on Hindustan Aeronautics Ltd Ordinary SharesEquity - Future-5.73 Cr0.80%
Future on The Federal Bank LtdEquity - Future-5.71 Cr0.79%
The Federal Bank LtdEquity5.67 Cr0.79%
Hindustan Aeronautics Ltd Ordinary SharesEquity5.67 Cr0.79%
Future on IndusInd Bank LtdEquity - Future-5.67 Cr0.79%
IndusInd Bank LtdEquity5.63 Cr0.78%
Axis Bank LimitedCash - CD/Time Deposit4.98 Cr0.69%
364 DTB 24102024Bond - Gov't/Treasury4.86 Cr0.68%
Future on TVS Motor Co LtdEquity - Future-4.85 Cr0.67%
TVS Motor Co LtdEquity4.81 Cr0.67%
Axis Bank LimitedCash - CD/Time Deposit4.78 Cr0.67%
Future on Petronet LNG LtdEquity - Future-4.75 Cr0.66%
Petronet LNG LtdEquity4.73 Cr0.66%
Future on GMR Airports Infrastructure LtdEquity - Future-4.7 Cr0.65%
GMR Airports Infrastructure LtdEquity4.66 Cr0.65%
The Indian Hotels Company Limited June 2024 FutureEquity - Future-4.53 Cr0.63%
Indian Hotels Co LtdEquity4.51 Cr0.63%
Future on Apollo Hospitals Enterprise LtdEquity - Future-4.49 Cr0.62%
Apollo Hospitals Enterprise LtdEquity4.45 Cr0.62%
Future on Crompton Greaves Consumer Electricals LtdEquity - Future-4.41 Cr0.61%
Future on Gujarat Narmada Valley Fertilizers & Chemicals LtdEquity - Future-4.41 Cr0.61%
Crompton Greaves Consumer Electricals LtdEquity4.38 Cr0.61%
Gujarat Narmada Valley Fertilizers & Chemicals LtdEquity4.37 Cr0.61%
Future on Zydus Lifesciences LtdEquity - Future-4.26 Cr0.59%
Zydus Lifesciences LtdEquity4.23 Cr0.59%
L&T Finance LtdEquity4.03 Cr0.56%
Future on L&T Finance LtdEquity - Future-4.01 Cr0.56%
Future on Bharat Petroleum Corp LtdEquity - Future-3.93 Cr0.55%
Future on Dr. Lal PathLabs LtdEquity - Future-3.9 Cr0.54%
Bharat Petroleum Corp LtdEquity3.9 Cr0.54%
Dr. Lal PathLabs LtdEquity3.89 Cr0.54%
Future on Cholamandalam Investment and Finance Co LtdEquity - Future-3.75 Cr0.52%
Cholamandalam Investment and Finance Co LtdEquity3.72 Cr0.52%
Future on Bajaj Finserv LtdEquity - Future-3.69 Cr0.51%
Bajaj Finserv LtdEquity3.67 Cr0.51%
Future on Aarti Industries LtdEquity - Future-3.58 Cr0.50%
Aarti Industries LtdEquity3.55 Cr0.49%
Future on DLF LtdEquity - Future-3.46 Cr0.48%
DLF LtdEquity3.43 Cr0.48%
Future on United Spirits LtdEquity - Future-3.19 Cr0.44%
United Spirits LtdEquity3.17 Cr0.44%
Future on Tata Steel LtdEquity - Future-3.05 Cr0.43%
Tata Steel LtdEquity3.03 Cr0.42%
Future on Maruti Suzuki India LtdEquity - Future-2.75 Cr0.38%
Maruti Suzuki India LtdEquity2.73 Cr0.38%
Future on Eicher Motors LtdEquity - Future-2.66 Cr0.37%
Eicher Motors LtdEquity2.65 Cr0.37%
Future on Aurobindo Pharma LtdEquity - Future-2.63 Cr0.37%
Aurobindo Pharma LtdEquity2.61 Cr0.36%
Future on Nestle India LtdEquity - Future-2.47 Cr0.34%
Nestle India LtdEquity2.45 Cr0.34%
Future on Dabur India LtdEquity - Future-2.27 Cr0.32%
Dabur India LtdEquity2.25 Cr0.31%
Future on Dixon Technologies (India) LtdEquity - Future-1.98 Cr0.28%
Future on Abbott India LtdEquity - Future-1.98 Cr0.28%
Dixon Technologies (India) LtdEquity1.97 Cr0.27%
Future on Voltas LtdEquity - Future-1.97 Cr0.27%
Abbott India LtdEquity1.97 Cr0.27%
Voltas LtdEquity1.96 Cr0.27%
Future on Oberoi Realty LtdEquity - Future-1.93 Cr0.27%
Oberoi Realty LtdEquity1.91 Cr0.27%
Indus Towers Limited June 2024 FutureEquity - Future-1.9 Cr0.26%
Siemens Limited June 2024 FutureEquity - Future-1.9 Cr0.26%
Indus Towers Ltd Ordinary SharesEquity1.89 Cr0.26%
Siemens LtdEquity1.88 Cr0.26%
Future on Birlasoft LtdEquity - Future-1.83 Cr0.25%
Birlasoft LtdEquity1.81 Cr0.25%
Future on Granules India LtdEquity - Future-1.69 Cr0.23%
Granules India LtdEquity1.67 Cr0.23%
Future on Glenmark Pharmaceuticals LtdEquity - Future-1.61 Cr0.22%
Glenmark Pharmaceuticals LtdEquity1.6 Cr0.22%
Future on City Union Bank LtdEquity - Future-1.52 Cr0.21%
City Union Bank LtdEquity1.5 Cr0.21%
Future on PVR INOX LtdEquity - Future-1.5 Cr0.21%
PVR INOX LtdEquity1.49 Cr0.21%
Future on Balrampur Chini Mills LtdEquity - Future-1.46 Cr0.20%
Future on HDFC Life Insurance Company LimitedEquity - Future-1.46 Cr0.20%
Balrampur Chini Mills LtdEquity1.45 Cr0.20%
HDFC Life Insurance Company LimitedEquity1.45 Cr0.20%
Future on RBL Bank LtdEquity - Future-1.36 Cr0.19%
Infosys Limited June 2024 FutureEquity - Future-1.36 Cr0.19%
RBL Bank LtdEquity1.35 Cr0.19%
Infosys LtdEquity1.35 Cr0.19%
Future on Escorts Kubota LtdEquity - Future-1.27 Cr0.18%
Future on Piramal Enterprises LtdEquity - Future-1.26 Cr0.18%
Escorts Kubota LtdEquity1.26 Cr0.18%
Piramal Enterprises LtdEquity1.25 Cr0.17%
ITC LtdEquity1.23 Cr0.17%
Future on ITC LtdEquity - Future-1.21 Cr0.17%
Future on ICICI Lombard General Insurance Co LtdEquity - Future-1.19 Cr0.17%
ICICI Lombard General Insurance Co LtdEquity1.19 Cr0.17%
Future on IDFC LtdEquity - Future-1.03 Cr0.14%
IDFC LtdEquity1.02 Cr0.14%
Future on Tech Mahindra LtdEquity - Future-0.96 Cr0.13%
Tech Mahindra LtdEquity0.96 Cr0.13%
Future on ICICI Bank LtdEquity - Future-0.79 Cr0.11%
ICICI Bank LtdEquity0.78 Cr0.11%
Punjab National BankEquity0.72 Cr0.10%
Future on Punjab National BankEquity - Future-0.72 Cr0.10%
Future on LIC Housing Finance LtdEquity - Future-0.7 Cr0.10%
The Ramco Cements Limited June 2024 FutureEquity - Future-0.7 Cr0.10%
LIC Housing Finance LtdEquity0.7 Cr0.10%
Ramco Cements LtdEquity0.69 Cr0.10%
Future on Power Grid Corp Of India LtdEquity - Future-0.67 Cr0.09%
Power Grid Corp Of India LtdEquity0.67 Cr0.09%
Future on Balkrishna Industries LtdEquity - Future-0.55 Cr0.08%
Balkrishna Industries LtdEquity0.55 Cr0.08%
Future on Aditya Birla Capital LtdEquity - Future-0.49 Cr0.07%
Aditya Birla Capital LtdEquity0.48 Cr0.07%
Ipca Laboratories LtdEquity0.45 Cr0.06%
Future on Ipca Laboratories LtdEquity - Future-0.45 Cr0.06%
Vedanta Limited June 2024 FutureEquity - Future-0.42 Cr0.06%
Vedanta LtdEquity0.41 Cr0.06%
Future on Ashok Leyland LtdEquity - Future-0.34 Cr0.05%
Ashok Leyland LtdEquity0.34 Cr0.05%
Future on Jindal Steel & Power LtdEquity - Future-0.32 Cr0.05%
Jindal Steel & Power LtdEquity0.32 Cr0.04%
LTIMindtree LtdEquity0.28 Cr0.04%
Future on LTIMindtree LtdEquity - Future-0.28 Cr0.04%
Future on Godrej Consumer Products LtdEquity - Future-0.26 Cr0.04%
Godrej Consumer Products LtdEquity0.25 Cr0.04%
Future on Max Financial Services LtdEquity - Future-0.22 Cr0.03%
Max Financial Services LtdEquity0.22 Cr0.03%
Future on Hindalco Industries LtdEquity - Future-0.19 Cr0.03%
Hindalco Industries LtdEquity0.19 Cr0.03%
Future on Cipla LtdEquity - Future-0.19 Cr0.03%
Cipla LtdEquity0.19 Cr0.03%
Nmdc Limited June 2024 FutureEquity - Future-0.12 Cr0.02%
NMDC LtdEquity0.12 Cr0.02%
Future on Samvardhana Motherson International LtdEquity - Future-0.11 Cr0.02%
Samvardhana Motherson International LtdEquity0.11 Cr0.01%
Future on Info Edge (India) LtdEquity - Future-0.09 Cr0.01%
Info Edge (India) LtdEquity0.09 Cr0.01%
Apollo Tyres Limited June 2024 FutureEquity - Future-0.08 Cr0.01%
Apollo Tyres LtdEquity0.08 Cr0.01%

Allocation By Market Cap (Equity)

Large Cap Stocks

40.78%

Mid Cap Stocks

22.67%

Small Cap Stocks

10.12%

Allocation By Credit Quality (Debt)

AAA

Other Allocation

Equity Sector

Debt & Others

SectorAmount sortHoldings sort
Financial Services181.4 Cr25.25%
Industrials72.98 Cr10.16%
Basic Materials62.36 Cr8.68%
Energy60.86 Cr8.47%
Utilities38.73 Cr5.39%
Communication Services37.42 Cr5.21%
Healthcare34.37 Cr4.78%
Consumer Cyclical34.15 Cr4.75%
Technology22.13 Cr3.08%
Consumer Defensive18.69 Cr2.60%
Real Estate5.34 Cr0.74%

Risk & Performance Ratios

Standard Deviation

This fund

--

Cat. avg.

0.81%

Lower the better

Sharpe Ratio

This fund

--

Cat. avg.

-0.13

Higher the better

Sortino Ratio

This fund

--

Cat. avg.

0.13

Higher the better

Fund Managers

RM

Raj Mehta

Since October 2023

Rajeev Thakkar

Rajeev Thakkar

Since October 2023

Raunak Onkar

Raunak Onkar

Since October 2023

RT

Rukun Tarachandani

Since October 2023

MK

Mansi Kariya

Since December 2023

Additional Scheme Detailsas of 31st May 2024

ISININF879O01225Expense Ratio0.30%Exit LoadNo ChargesFund Size₹718 CrAge23 Oct 2023Lumpsum Minimum₹1,000Fund StatusOpen Ended Investment CompanyBenchmarkNIFTY 50 Arbitrage TR INR

Investment ObjectiveInvestment 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

Withdrawal (irrespective of holding period)

Realised Gain (capital gains) are taxed at your marginal income tax rate

Note: Mutual funds are subject to capital gains taxation with surcharge and cess, based on prevailing income tax rules and investor income. Taxation applies to realised gains, not notional gains. Please consult your tax advisors to determine the implications or consequences of your investments in such securities.

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Bank of India Arbitrage Fund Direct Growth

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Bank of India Arbitrage Fund Regular Growth

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Mirae Asset Arbitrage Fund Direct Growth

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Mirae Asset Arbitrage Fund Regular Growth

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Tata Arbitrage Fund Regular Growth

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Tata Arbitrage Fund Direct Growth

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0.3%0.0%₹11828.86 Cr8.6%
Mahindra Manulife Arbitrage Fund Direct Growth

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Mahindra Manulife Arbitrage Fund Regular Growth

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1.2%0.0%₹73.62 Cr6.3%

About the AMC

Total AUM

₹71,926 Cr

Address

Great Western Building, 1st Floor, Mumbai, 400 001

Other Funds by PPFAS Mutual Fund

Fund nameExpense RatioExit LoadFund size
1Y
Parag Parikh Arbitrage Fund Direct Growth

Low Risk

0.3%0.0%₹718.42 Cr-
Parag Parikh Liquid Fund Direct Growth

Low to Moderate Risk

0.2%0.0%₹2115.10 Cr7.0%
Parag Parikh Conservative Hybrid Fund Direct Growth

Moderately High risk

0.3%1.0%₹2024.22 Cr18.2%
Parag Parikh Flexi Cap Fund Direct Growth

Very High Risk

0.6%2.0%₹66383.82 Cr37.9%
Parag Parikh Tax Saver Fund Direct Growth

Very High Risk

0.6%0.0%₹3454.03 Cr34.1%

Risk Level

Your principal amount will be at Low Risk

Low Risk
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The NAV of Parag Parikh Arbitrage Fund Direct Growth, as of 21-Jun-2024, is ₹10.52.
The fund's allocation of assets is distributed as -0.53% in equities, 0.68% in bonds, and 99.82% in cash and cash equivalents.
The fund managers responsible for Parag Parikh Arbitrage Fund Direct Growth are:-
  1. Raj Mehta
  2. Rajeev Thakkar
  3. Raunak Onkar
  4. Rukun Tarachandani
  5. Mansi Kariya