Parag Parikh Arbitrage Fund Direct Growth

Fund Overview

Fund Size

₹434 Cr

Expense Ratio

0.36%

ISIN

INF879O01225

Minimum SIP

₹1,000

Exit Load

No Charges

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 6 months and 25 days, having been launched on 23-Oct-23.
As of 17-May-24, it has a Net Asset Value (NAV) of ₹10.43, Assets Under Management (AUM) of 433.97 Crores, and an expense ratio of 0.36%.

Parag Parikh Arbitrage Fund Direct Growth has given a CAGR return of 4.34% since inception.
The fund's asset allocation comprises around -0.58% in equities, 0.84% in debts, and 99.71% 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

+4.34%

— (Cat Avg.)

Portfolio Summaryas of 30th April 2024

Equity	₹-2.52 Cr	-0.58%
Debt	₹3.66 Cr	0.84%
Others	₹432.84 Cr	99.74%

Top Holdings

All Holdings

Equity

Debt & Others

Name	Type	Amount	Holdings
Cash Offset For Derivatives	Cash - General Offset	₹464.11 Cr	80.93%
Parag Parikh Liquid Dir Gr	Mutual Fund - Open End	₹64.8 Cr	11.30%
HDFC Bank Ltd	Equity	₹37.04 Cr	6.46%
Hdfc Bank Limited May 2024 Future	Equity - Future	₹-31.46 Cr	5.49%
Future on NTPC Ltd	Equity - Future	₹-19.78 Cr	3.45%
NTPC Ltd	Equity	₹19.61 Cr	3.42%
Future on Oil & Natural Gas Corp Ltd	Equity - Future	₹-17.05 Cr	2.97%
Oil & Natural Gas Corp Ltd	Equity	₹16.88 Cr	2.94%
Future on Reliance Industries Ltd	Equity - Future	₹-16.76 Cr	2.92%
Reliance Industries Ltd	Equity	₹16.65 Cr	2.90%
Future on Kotak Mahindra Bank Ltd	Equity - Future	₹-15.53 Cr	2.71%
Kotak Mahindra Bank Ltd	Equity	₹15.4 Cr	2.68%
ICICI Bank Limited	Cash - CD/Time Deposit	₹14.47 Cr	2.52%
Future on Axis Bank Ltd	Equity - Future	₹-13.79 Cr	2.41%
Axis Bank Ltd	Equity	₹13.7 Cr	2.39%
Future on Tata Motors Ltd	Equity - Future	₹-13.61 Cr	2.37%
Tata Motors Ltd	Equity	₹13.5 Cr	2.35%
Future on Canara Bank	Equity - Future	₹-13.37 Cr	2.33%
Canara Bank	Equity	₹13.27 Cr	2.31%
State Bank of India	Equity	₹13.26 Cr	2.31%
Future on State Bank of India	Equity - Future	₹-13.2 Cr	2.30%
Future on Zee Entertainment Enterprises Ltd	Equity - Future	₹-12.97 Cr	2.26%
Future on Hindustan Petroleum Corp Ltd	Equity - Future	₹-12.91 Cr	2.25%
Zee Entertainment Enterprises Ltd	Equity	₹12.87 Cr	2.24%
Hindustan Petroleum Corp Ltd	Equity	₹12.84 Cr	2.24%
Future on Bharat Heavy Electricals Ltd	Equity - Future	₹-12.57 Cr	2.19%
Bharat Heavy Electricals Ltd	Equity	₹12.42 Cr	2.17%
Future on Larsen & Toubro Ltd	Equity - Future	₹-12.37 Cr	2.16%
Larsen & Toubro Ltd	Equity	₹12.29 Cr	2.14%
Future on Bharat Electronics Ltd	Equity - Future	₹-12.07 Cr	2.10%
Future on Vodafone Idea Ltd	Equity - Future	₹-12.01 Cr	2.09%
Bharat Electronics Ltd	Equity	₹11.99 Cr	2.09%
Vodafone Idea Ltd	Equity	₹11.62 Cr	2.03%
Clearing Corporation Of India Ltd	Cash - Repurchase Agreement	₹11.3 Cr	1.97%
Future on Bajaj Finance Ltd	Equity - Future	₹-10.28 Cr	1.79%
Bajaj Finance Ltd	Equity	₹10.21 Cr	1.78%
Future on Tata Power Co Ltd	Equity - Future	₹-10.21 Cr	1.78%
Tata Power Co Ltd	Equity	₹10.16 Cr	1.77%
Future on Bank of Baroda	Equity - Future	₹-10.03 Cr	1.75%
Bank of Baroda	Equity	₹9.96 Cr	1.74%
HDFC Bank Limited	Cash - CD/Time Deposit	₹9.41 Cr	1.64%
Future on GAIL (India) Ltd	Equity - Future	₹-9.4 Cr	1.64%
GAIL (India) Ltd	Equity	₹9.28 Cr	1.62%
Indian Oil Corporation Limited May 2024 Future	Equity - Future	₹-9.27 Cr	1.62%
Indian Oil Corp Ltd	Equity	₹9.22 Cr	1.61%
Future on Tata Consultancy Services Ltd	Equity - Future	₹-8.35 Cr	1.46%
Tata Consultancy Services Ltd	Equity	₹8.29 Cr	1.45%
Future on Divi's Laboratories Ltd	Equity - Future	₹-8.23 Cr	1.43%
Future on National Aluminium Co Ltd	Equity - Future	₹-8.17 Cr	1.42%
Divi's Laboratories Ltd	Equity	₹8.16 Cr	1.42%
National Aluminium Co Ltd	Equity	₹8.06 Cr	1.41%
Bandhan Bank Ltd	Equity	₹7.77 Cr	1.35%
Future on JSW Steel Ltd	Equity - Future	₹-7.74 Cr	1.35%
JSW Steel Ltd	Equity	₹7.68 Cr	1.34%
Future on Hindustan Unilever Ltd	Equity - Future	₹-7.61 Cr	1.33%
Hindustan Unilever Ltd	Equity	₹7.56 Cr	1.32%
The India Cements Limited May 2024 Future	Equity - Future	₹-6.4 Cr	1.12%
India Cements Ltd	Equity	₹6.38 Cr	1.11%
Future on Indian Railway Catering And Tourism Corp Ltd	Equity - Future	₹-6.34 Cr	1.11%
Indian Railway Catering And Tourism Corp Ltd	Equity	₹6.27 Cr	1.09%
Future on Biocon Ltd	Equity - Future	₹-6.23 Cr	1.09%
Biocon Ltd	Equity	₹6.19 Cr	1.08%
REC Ltd	Equity	₹6.19 Cr	1.08%
Future on UltraTech Cement Ltd	Equity - Future	₹-6.05 Cr	1.06%
UltraTech Cement Ltd	Equity	₹5.98 Cr	1.04%
Future on IndusInd Bank Ltd	Equity - Future	₹-5.87 Cr	1.02%
IndusInd Bank Ltd	Equity	₹5.84 Cr	1.02%
Future on The Federal Bank Ltd	Equity - Future	₹-5.75 Cr	1.00%
The Federal Bank Ltd	Equity	₹5.69 Cr	0.99%
Hdfc Bank Limited June 2024 Future	Equity - Future	₹-5.45 Cr	0.95%
Rec Limited June 2024 Future	Equity - Future	₹-5.11 Cr	0.89%
Future on Bandhan Bank Ltd	Equity - Future	₹-5.02 Cr	0.88%
Axis Bank Limited	Cash - CD/Time Deposit	₹4.95 Cr	0.86%
Indus Towers Limited May 2024 Future	Equity - Future	₹-4.85 Cr	0.85%
364 DTB 24102024	Bond - Gov't/Treasury	₹4.84 Cr	0.84%
Indus Towers Ltd Ordinary Shares	Equity	₹4.83 Cr	0.84%
Future on Petronet LNG Ltd	Equity - Future	₹-4.82 Cr	0.84%
Petronet LNG Ltd	Equity	₹4.75 Cr	0.83%
Axis Bank Limited	Cash - CD/Time Deposit	₹4.75 Cr	0.83%
Future on Gujarat Narmada Valley Fertilizers & Chemicals Ltd	Equity - Future	₹-4.75 Cr	0.83%
Gujarat Narmada Valley Fertilizers & Chemicals Ltd	Equity	₹4.72 Cr	0.82%
Future on L&T Finance Ltd	Equity - Future	₹-4.43 Cr	0.77%
L&T Finance Ltd	Equity	₹4.39 Cr	0.77%
Future on Aarti Industries Ltd	Equity - Future	₹-4.33 Cr	0.75%
Aarti Industries Ltd	Equity	₹4.3 Cr	0.75%
Future on Crompton Greaves Consumer Electricals Ltd	Equity - Future	₹-3.63 Cr	0.63%
Crompton Greaves Consumer Electricals Ltd	Equity	₹3.61 Cr	0.63%
Future on United Spirits Ltd	Equity - Future	₹-3.57 Cr	0.62%
United Spirits Ltd	Equity	₹3.54 Cr	0.62%
Future on Bajaj Finserv Ltd	Equity - Future	₹-3.5 Cr	0.61%
Bajaj Finserv Ltd	Equity	₹3.47 Cr	0.61%
Future on Hindustan Copper Ltd	Equity - Future	₹-3.3 Cr	0.58%
Hindustan Copper Ltd	Equity	₹3.27 Cr	0.57%
Future on Apollo Hospitals Enterprise Ltd	Equity - Future	₹-3.07 Cr	0.54%
Apollo Hospitals Enterprise Ltd	Equity	₹3.05 Cr	0.53%
Future on Tata Steel Ltd	Equity - Future	₹-3.02 Cr	0.53%
Tata Steel Ltd	Equity	₹2.99 Cr	0.52%
Future on GMR Airports Infrastructure Ltd	Equity - Future	₹-2.82 Cr	0.49%
Bandhan Bank Limited June 2024 Future	Equity - Future	₹-2.81 Cr	0.49%
GMR Airports Infrastructure Ltd	Equity	₹2.78 Cr	0.48%
Future on Aurobindo Pharma Ltd	Equity - Future	₹-2.55 Cr	0.45%
Aurobindo Pharma Ltd	Equity	₹2.54 Cr	0.44%
Power Finance Corporation Limited May 2024 Future	Equity - Future	₹-2.23 Cr	0.39%
Power Finance Corp Ltd	Equity	₹2.22 Cr	0.39%
Future on Dabur India Ltd	Equity - Future	₹-2.11 Cr	0.37%
Dabur India Ltd	Equity	₹2.09 Cr	0.37%
Future on Abbott India Ltd	Equity - Future	₹-2.02 Cr	0.35%
Abbott India Ltd	Equity	₹2.01 Cr	0.35%
Future on Steel Authority Of India Ltd	Equity - Future	₹-2 Cr	0.35%
Steel Authority Of India Ltd	Equity	₹1.97 Cr	0.34%
Future on Glenmark Pharmaceuticals Ltd	Equity - Future	₹-1.93 Cr	0.34%
Glenmark Pharmaceuticals Ltd	Equity	₹1.92 Cr	0.33%
Net Receivables / (Payables)	Cash	₹-1.82 Cr	0.32%
Future on DLF Ltd	Equity - Future	₹-1.79 Cr	0.31%
DLF Ltd	Equity	₹1.77 Cr	0.31%
Infosys Limited May 2024 Future	Equity - Future	₹-1.72 Cr	0.30%
Infosys Ltd	Equity	₹1.7 Cr	0.30%
Future on Granules India Ltd	Equity - Future	₹-1.7 Cr	0.30%
Future on City Union Bank Ltd	Equity - Future	₹-1.7 Cr	0.30%
Granules India Ltd	Equity	₹1.69 Cr	0.30%
City Union Bank Ltd	Equity	₹1.69 Cr	0.29%
Future on Sun TV Network Ltd	Equity - Future	₹-1.58 Cr	0.28%
Sun TV Network Ltd	Equity	₹1.57 Cr	0.27%
Future on PVR INOX Ltd	Equity - Future	₹-1.56 Cr	0.27%
PVR INOX Ltd	Equity	₹1.55 Cr	0.27%
Future on Piramal Enterprises Ltd	Equity - Future	₹-1.47 Cr	0.26%
Piramal Enterprises Ltd	Equity	₹1.46 Cr	0.25%
Future on ICICI Lombard General Insurance Co Ltd	Equity - Future	₹-1.29 Cr	0.23%
ICICI Lombard General Insurance Co Ltd	Equity	₹1.28 Cr	0.22%
Future on ITC Ltd	Equity - Future	₹-1.26 Cr	0.22%
ITC Ltd	Equity	₹1.25 Cr	0.22%
Future on Maruti Suzuki India Ltd	Equity - Future	₹-1.23 Cr	0.21%
Maruti Suzuki India Ltd	Equity	₹1.22 Cr	0.21%
Future on RBL Bank Ltd	Equity - Future	₹-1.18 Cr	0.21%
RBL Bank Ltd	Equity	₹1.17 Cr	0.20%
Rec Limited May 2024 Future	Equity - Future	₹-1.12 Cr	0.20%
Future on Escorts Kubota Ltd	Equity - Future	₹-1.11 Cr	0.19%
Escorts Kubota Ltd	Equity	₹1.11 Cr	0.19%
Future on Dr. Lal PathLabs Ltd	Equity - Future	₹-1.07 Cr	0.19%
Dr. Lal PathLabs Ltd	Equity	₹1.07 Cr	0.19%
Tech Mahindra Limited May 2024 Future	Equity - Future	₹-0.99 Cr	0.17%
Tech Mahindra Ltd	Equity	₹0.99 Cr	0.17%
Future on LIC Housing Finance Ltd	Equity - Future	₹-0.95 Cr	0.17%
LIC Housing Finance Ltd	Equity	₹0.94 Cr	0.16%
Future on Birlasoft Ltd	Equity - Future	₹-0.92 Cr	0.16%
Birlasoft Ltd	Equity	₹0.91 Cr	0.16%
Future on ICICI Bank Ltd	Equity - Future	₹-0.81 Cr	0.14%
ICICI Bank Ltd	Equity	₹0.81 Cr	0.14%
Future on IDFC Ltd	Equity - Future	₹-0.8 Cr	0.14%
Future on Godrej Consumer Products Ltd	Equity - Future	₹-0.8 Cr	0.14%
Godrej Consumer Products Ltd	Equity	₹0.79 Cr	0.14%
IDFC Ltd	Equity	₹0.79 Cr	0.14%
Future on HDFC Life Insurance Company Limited	Equity - Future	₹-0.78 Cr	0.14%
HDFC Life Insurance Company Limited	Equity	₹0.77 Cr	0.13%
Future on Power Grid Corp Of India Ltd	Equity - Future	₹-0.66 Cr	0.11%
Power Grid Corp Of India Ltd	Equity	₹0.65 Cr	0.11%
The Indian Hotels Company Limited May 2024 Future	Equity - Future	₹-0.58 Cr	0.10%
Indian Hotels Co Ltd	Equity	₹0.58 Cr	0.10%
Future on LTIMindtree Ltd	Equity - Future	₹-0.57 Cr	0.10%
LTIMindtree Ltd	Equity	₹0.56 Cr	0.10%
Future on Jindal Steel & Power Ltd	Equity - Future	₹-0.53 Cr	0.09%
Jindal Steel & Power Ltd	Equity	₹0.52 Cr	0.09%
Future on Aditya Birla Capital Ltd	Equity - Future	₹-0.5 Cr	0.09%
Aditya Birla Capital Ltd	Equity	₹0.5 Cr	0.09%
Future on Eicher Motors Ltd	Equity - Future	₹-0.49 Cr	0.08%
Eicher Motors Ltd	Equity	₹0.48 Cr	0.08%
HCL Technologies Ltd	Equity	₹0.38 Cr	0.07%
Future on HCL Technologies Ltd	Equity - Future	₹-0.38 Cr	0.07%
Vedanta Limited May 2024 Future	Equity - Future	₹-0.37 Cr	0.06%
Vedanta Ltd	Equity	₹0.37 Cr	0.06%
Future on Ashok Leyland Ltd	Equity - Future	₹-0.29 Cr	0.05%
Future on Asian Paints Ltd	Equity - Future	₹-0.29 Cr	0.05%
Ashok Leyland Ltd	Equity	₹0.29 Cr	0.05%
Asian Paints Ltd	Equity	₹0.29 Cr	0.05%
Future on Max Financial Services Ltd	Equity - Future	₹-0.24 Cr	0.04%
Max Financial Services Ltd	Equity	₹0.24 Cr	0.04%
Future on Hindalco Industries Ltd	Equity - Future	₹-0.18 Cr	0.03%
Hindalco Industries Ltd	Equity	₹0.18 Cr	0.03%
Future on Bharti Airtel Ltd	Equity - Future	₹-0.13 Cr	0.02%
Bharti Airtel Ltd	Equity	₹0.13 Cr	0.02%
Nmdc Limited May 2024 Future	Equity - Future	₹-0.12 Cr	0.02%
NMDC Ltd	Equity	₹0.11 Cr	0.02%
Future on Nestle India Ltd	Equity - Future	₹-0.1 Cr	0.02%
Nestle India Ltd	Equity	₹0.1 Cr	0.02%
Future on Samvardhana Motherson International Ltd	Equity - Future	₹-0.09 Cr	0.02%
Samvardhana Motherson International Ltd	Equity	₹0.09 Cr	0.02%
Future on Balrampur Chini Mills Ltd	Equity - Future	₹-0.06 Cr	0.01%
Balrampur Chini Mills Ltd	Equity	₹0.06 Cr	0.01%

Allocation By Market Cap (Equity)

Large Cap Stocks

40.80%

Mid Cap Stocks

24.23%

Small Cap Stocks

8.53%

Allocation By Credit Quality (Debt)

AAA

Other Allocation

Equity Sector

Debt & Others

Sector	Amount	Holdings
Financial Services	₹158.05 Cr	27.56%
Energy	₹60.34 Cr	10.52%
Industrials	₹47.15 Cr	8.22%
Basic Materials	₹46.84 Cr	8.17%
Utilities	₹39.7 Cr	6.92%
Communication Services	₹32.56 Cr	5.68%
Healthcare	₹26.63 Cr	4.64%
Consumer Cyclical	₹19.48 Cr	3.40%
Consumer Defensive	₹15.41 Cr	2.69%
Technology	₹12.84 Cr	2.24%
Real Estate	₹1.77 Cr	0.31%

Risk & Performance Ratios

Standard Deviation

This fund

Cat. avg.

0.82%

Lower the better

Sharpe Ratio

This fund

Cat. avg.

-0.05

Higher the better

Sortino Ratio

This fund

Cat. avg.

0.24

Higher the better

Fund Managers

Raj Mehta

Since October 2023

Rajeev Thakkar

Since October 2023

Raunak Onkar

Since October 2023

Rukun Tarachandani

Since October 2023

Mansi Kariya

Since December 2023

Additional Scheme Detailsas of 30th April 2024

	ISIN	INF879O01225		Expense Ratio	0.36%		Exit Load	No Charges		Fund Size	₹434 Cr		Age	23 Oct 2023		Lumpsum Minimum	₹1,000		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

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.

Similar Arbitrage Fund Funds

Fund name	Expense Ratio	Exit Load	Fund size	1Y
Sundaram Arbitrage Fund Regular Growth Low Risk	0.9%	0.0%	₹105.78 Cr	7.3%
Sundaram Arbitrage Fund Direct Growth Low Risk	0.3%	0.0%	₹105.78 Cr	7.9%
Bank of India Arbitrage Fund Direct Growth Low Risk	0.3%	0.0%	₹28.97 Cr	7.5%
Bank of India Arbitrage Fund Regular Growth Low Risk	1.0%	0.0%	₹28.97 Cr	6.8%
Mirae Asset Arbitrage Fund Direct Growth Low Risk	0.2%	0.0%	₹1870.00 Cr	8.5%
Mirae Asset Arbitrage Fund Regular Growth Low Risk	1.1%	0.0%	₹1870.00 Cr	7.7%
Tata Arbitrage Fund Regular Growth Low Risk	1.1%	0.0%	₹11605.73 Cr	7.5%
Tata Arbitrage Fund Direct Growth Low Risk	0.3%	0.0%	₹11605.73 Cr	8.4%
Mahindra Manulife Arbitrage Fund Direct Growth Low Risk	0.4%	0.0%	₹70.51 Cr	7.0%
Mahindra Manulife Arbitrage Fund Regular Growth Low Risk	1.2%	0.0%	₹70.51 Cr	6.2%

About the AMC

PPFAS Mutual Fund

+91 22 61406555

https://amc.ppfas.com/

Total AUM

₹68,221 Cr

Address

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

Other Funds by PPFAS Mutual Fund

Fund name	Expense Ratio	Exit Load	Fund size	1Y
Parag Parikh Arbitrage Fund Direct Growth Low Risk	0.4%	0.0%	₹433.97 Cr	-
Parag Parikh Liquid Fund Direct Growth Low to Moderate Risk	0.2%	0.0%	₹2117.75 Cr	6.9%
Parag Parikh Conservative Hybrid Fund Direct Growth Moderately High risk	0.3%	1.0%	₹1940.54 Cr	16.7%
Parag Parikh Flexi Cap Fund Direct Growth Very High Risk	0.6%	2.0%	₹63933.76 Cr	37.4%
Parag Parikh Tax Saver Fund Direct Growth Very High Risk	0.7%	0.0%	₹3360.61 Cr	33.3%

Risk Level

Your principal amount will be at Low Risk

Still got questions?
We're here to help.

What is the current NAV of Parag Parikh Arbitrage Fund Direct Growth?

The NAV of Parag Parikh Arbitrage Fund Direct Growth, as of 17-May-2024, is ₹10.43.

What is the portfolio composition of Parag Parikh Arbitrage Fund Direct Growth?

The fund's allocation of assets is distributed as -0.58% in equities, 0.84% in bonds, and 99.71% in cash and cash equivalents.

Who manages the Parag Parikh Arbitrage Fund Direct Growth?

The fund managers responsible for Parag Parikh Arbitrage Fund Direct Growth are:-

Raj Mehta
Rajeev Thakkar
Raunak Onkar
Rukun Tarachandani
Mansi Kariya

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.

;

©2021-2022 Dezerv. All Rights Reserved

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.

Parag Parikh Arbitrage Fund Direct Growth

Fund Overview