Dezerv

Fund Overview

Fund Size

Fund Size

₹120 Cr

Expense Ratio

Expense Ratio

0.38%

ISIN

ISIN

INF223J013N7

Minimum SIP

Minimum SIP

₹1,000

Exit Load

Exit Load

No Charges

Inception Date

Inception Date

27 Aug 2014

About this fund

PGIM India Arbitrage Fund Direct Growth is a Arbitrage Fund mutual fund schemes offered by PGIM India Mutual Fund. This fund has been in existence for 9 years, 10 months and 15 days, having been launched on 27-Aug-14.
As of 11-Jul-24, it has a Net Asset Value (NAV) of ₹18.31, Assets Under Management (AUM) of 119.91 Crores, and an expense ratio of 0.38%.
  • PGIM India Arbitrage Fund Direct Growth has given a CAGR return of 6.32% since inception.
  • The fund's asset allocation comprises around -0.43% in equities, 8.71% in debts, and 91.66% in cash & cash equivalents.
  • You can start investing in PGIM India 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

+7.93%

+7.32% (Cat Avg.)

3 Years

+6.07%

+5.58% (Cat Avg.)

5 Years

+5.54%

+4.99% (Cat Avg.)

Since Inception

+6.32%

(Cat Avg.)

Portfolio Summaryas of 31st May 2024

Equity-0.52 Cr-0.43%
Debt10.45 Cr8.71%
Others109.98 Cr91.72%

Top Holdings

All Holdings

Equity

Debt & Others

NameType sortAmount sortHoldings sort
Net Receivables / (Payables)Cash81.45 Cr66.87%
Clearing Corporation Of India Ltd.Cash - Repurchase Agreement15.86 Cr13.02%
PGIM India Liquid Dr Pl GrMutual Fund - Open End14.42 Cr11.84%
Future on HDFC Bank LtdEquity - Future-11.6 Cr9.52%
HDFC Bank LtdEquity11.54 Cr9.47%
Future on Reliance Industries LtdEquity - Future-8.64 Cr7.10%
Reliance Industries LtdEquity8.58 Cr7.05%
Future on ACC LtdEquity - Future-8.14 Cr6.68%
ACC LtdEquity8.1 Cr6.65%
Future on Ambuja Cements LtdEquity - Future-7.11 Cr5.84%
Ambuja Cements LtdEquity7.08 Cr5.81%
Future on Canara BankEquity - Future-5.44 Cr4.47%
Canara BankEquity5.42 Cr4.45%
Future on Zee Entertainment Enterprises LtdEquity - Future-5.33 Cr4.38%
Zee Entertainment Enterprises LtdEquity5.27 Cr4.33%
Future on Godrej Consumer Products LtdEquity - Future-5.24 Cr4.30%
Godrej Consumer Products LtdEquity5.21 Cr4.28%
7.26% Govt Stock 2033Bond - Gov't/Treasury5.06 Cr4.15%
7.37% Govt Stock 2028Bond - Gov't/Treasury5.06 Cr4.15%
Future on Kotak Mahindra Bank LtdEquity - Future-4.34 Cr3.56%
Kotak Mahindra Bank LtdEquity4.3 Cr3.53%
Future on Torrent Pharmaceuticals LtdEquity - Future-4.06 Cr3.33%
Torrent Pharmaceuticals LtdEquity4.04 Cr3.32%
Future on Aurobindo Pharma LtdEquity - Future-3.29 Cr2.70%
Aurobindo Pharma LtdEquity3.26 Cr2.68%
Future on Manappuram Finance LtdEquity - Future-2.44 Cr2.00%
Manappuram Finance LtdEquity2.43 Cr1.99%
Future on Piramal Enterprises LtdEquity - Future-2.16 Cr1.78%
Piramal Enterprises LtdEquity2.15 Cr1.76%
Future on Grasim Industries LtdEquity - Future-2.01 Cr1.65%
Grasim Industries LtdEquity1.99 Cr1.63%
The Ramco Cements Ltd.Equity - Future-1.77 Cr1.46%
Ramco Cements LtdEquity1.77 Cr1.45%
Future on Axis Bank LtdEquity - Future-1.76 Cr1.44%
Axis Bank LtdEquity1.74 Cr1.43%
Future on Apollo Hospitals Enterprise LtdEquity - Future-1.69 Cr1.39%
Apollo Hospitals Enterprise LtdEquity1.68 Cr1.38%
Future on Dabur India LtdEquity - Future-1.31 Cr1.07%
Dabur India LtdEquity1.29 Cr1.06%
Future on Adani Ports & Special Economic Zone LtdEquity - Future-0.81 Cr0.66%
Adani Ports & Special Economic Zone LtdEquity0.8 Cr0.66%
Future on Divi's Laboratories LtdEquity - Future-0.61 Cr0.50%
Divi's Laboratories LtdEquity0.6 Cr0.50%
India (Republic of)Bond - Short-term Government Bills0.49 Cr0.40%
Future on Glenmark Pharmaceuticals LtdEquity - Future-0.42 Cr0.35%
Glenmark Pharmaceuticals LtdEquity0.42 Cr0.35%
Future on United Spirits LtdEquity - Future-0.41 Cr0.34%
United Spirits LtdEquity0.41 Cr0.33%
Future on LIC Housing Finance LtdEquity - Future-0.38 Cr0.31%
LIC Housing Finance LtdEquity0.38 Cr0.31%
Future on Hindustan Petroleum Corp LtdEquity - Future-0.37 Cr0.30%
Hindustan Petroleum Corp LtdEquity0.36 Cr0.30%
Future on Granules India LtdEquity - Future-0.25 Cr0.21%
Granules India LtdEquity0.25 Cr0.21%
Future on Gujarat Narmada Valley Fertilizers & Chemicals LtdEquity - Future-0.25 Cr0.20%
Gujarat Narmada Valley Fertilizers & Chemicals LtdEquity0.25 Cr0.20%
Future on Aditya Birla Capital LtdEquity - Future-0.24 Cr0.20%
Aditya Birla Capital LtdEquity0.24 Cr0.20%
The Indian Hotels Company Ltd.Equity - Future-0.22 Cr0.18%
Indian Hotels Co LtdEquity0.22 Cr0.18%
Future on IndusInd Bank LtdEquity - Future-0.22 Cr0.18%
IndusInd Bank LtdEquity0.22 Cr0.18%
Future on HDFC Life Insurance Company LimitedEquity - Future-0.18 Cr0.15%
HDFC Life Insurance Company LimitedEquity0.18 Cr0.15%
Future on JSW Steel LtdEquity - Future-0.18 Cr0.15%
JSW Steel LtdEquity0.18 Cr0.15%
Future on Shriram Finance LtdEquity - Future-0.14 Cr0.12%
Shriram Finance LtdEquity0.14 Cr0.12%
Future on RBL Bank LtdEquity - Future-0.12 Cr0.10%
RBL Bank LtdEquity0.12 Cr0.10%
Future on Bharat Petroleum Corp LtdEquity - Future-0.11 Cr0.09%
Future on Infosys LtdEquity - Future-0.11 Cr0.09%
Bharat Petroleum Corp LtdEquity0.11 Cr0.09%
Infosys LtdEquity0.11 Cr0.09%
Future on Larsen & Toubro LtdEquity - Future-0.11 Cr0.09%
Larsen & Toubro LtdEquity0.11 Cr0.09%
Future on Bajaj Finance LtdEquity - Future-0.08 Cr0.07%
Bajaj Finance LtdEquity0.08 Cr0.07%
Future on ICICI Lombard General Insurance Co LtdEquity - Future-0.08 Cr0.07%
ICICI Lombard General Insurance Co LtdEquity0.08 Cr0.06%
Future on City Union Bank LtdEquity - Future-0.07 Cr0.06%
City Union Bank LtdEquity0.07 Cr0.06%
The India Cements Ltd.Equity - Future-0.06 Cr0.05%
India Cements LtdEquity0.06 Cr0.05%
Future on PVR INOX LtdEquity - Future-0.05 Cr0.04%
PVR INOX LtdEquity0.05 Cr0.04%

Allocation By Credit Quality (Debt)

AAA

Other Allocation

Equity Sector

Debt & Others

SectorAmount sortHoldings sort
Financial Services29.1 Cr23.89%
Basic Materials19.41 Cr15.94%
Healthcare10.26 Cr8.42%
Energy9.06 Cr7.44%
Consumer Defensive6.91 Cr5.67%
Communication Services5.32 Cr4.37%
Industrials0.92 Cr0.75%
Consumer Cyclical0.22 Cr0.18%
Technology0.11 Cr0.09%

Risk & Performance Ratios

Standard Deviation

This fund

0.66%

Cat. avg.

0.81%

Lower the better

Sharpe Ratio

This fund

0.46

Cat. avg.

-0.13

Higher the better

Sortino Ratio

This fund

--

Cat. avg.

0.13

Higher the better

Fund Managers

PP

Puneet Pal

Since April 2022

CC

Chetan Chavan

Since March 2024

Additional Scheme Detailsas of 31st May 2024

ISIN
INF223J013N7
Expense Ratio
0.38%
Exit Load
No Charges
Fund Size
₹120 Cr
Age
27 Aug 2014
Lumpsum Minimum
₹5,000
Fund Status
Open Ended Investment Company
Benchmark
NIFTY 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.

Similar Arbitrage Fund Funds

Fund nameExpense RatioExit LoadFund size
1Y
Sundaram Arbitrage Fund Regular Growth

Low Risk

0.9%0.0%₹119.30 Cr7.2%
Sundaram Arbitrage Fund Direct Growth

Low Risk

0.3%0.0%₹119.30 Cr7.9%
Bank of India Arbitrage Fund Direct Growth

Low Risk

0.2%0.0%₹35.25 Cr7.6%
Bank of India Arbitrage Fund Regular Growth

Low Risk

0.9%0.0%₹35.25 Cr6.8%
Mirae Asset Arbitrage Fund Direct Growth

Low Risk

0.2%0.0%₹2114.07 Cr8.6%
Mirae Asset Arbitrage Fund Regular Growth

Low Risk

1.0%0.0%₹2114.07 Cr7.7%
Tata Arbitrage Fund Regular Growth

Low Risk

1.1%0.0%₹11519.47 Cr7.7%
Tata Arbitrage Fund Direct Growth

Low Risk

0.3%0.0%₹11519.47 Cr8.5%
Mahindra Manulife Arbitrage Fund Direct Growth

Low Risk

0.4%0.0%₹73.62 Cr7.2%
Mahindra Manulife Arbitrage Fund Regular Growth

Low Risk

1.2%0.0%₹73.62 Cr6.3%

About the AMC

Total AUM

₹23,364 Cr

Address

Nirlon House, 2nd Floor, Mumbai, 400 030

Other Funds by PGIM India Mutual Fund

Fund nameExpense RatioExit LoadFund size
1Y
PGIM India Fixed Duration Fund - Series BH Direct Growth

Moderate Risk

-0.0%--
PGIM India Fixed Duration Fund - Series BJ Direct Growth

Moderate Risk

-0.0%--
PGIM India Fixed Duration Fund - Series BI Direct Growth

Moderate Risk

-0.0%--
PGIM India Fixed Duration Fund - Series BF Direct Growth

Moderate Risk

-0.0%--
PGIM India Fixed Duration Fund - Series BG Direct Growth

Moderate Risk

-0.0%--
PGIM India Overnight Fund Direct Growth

Low Risk

0.1%0.0%₹374.59 Cr6.8%
PGIM India Dynamic Bond Direct Growth

Low to Moderate Risk

0.3%0.0%₹109.13 Cr9.0%
PGIM India Global Select Real Estate Securities Fund of Fund Direct Growth

Very High Risk

1.3%0.0%₹59.90 Cr11.3%
PGIM India Balanced Advantage Fund Direct Growth

Very High Risk

0.4%0.0%₹1135.92 Cr18.5%
PGIM India CRISIL IBX Gilt Index - Apr 2028 Fund Direct Growth

Low to Moderate Risk

0.4%0.0%₹30.83 Cr7.3%
PGIM India Flexi Cap Fund Direct Growth

Very High Risk

0.4%0.0%₹6315.38 Cr27.0%
PGIM India Gilt Fund Direct Growth

Moderate Risk

0.5%0.0%₹112.94 Cr9.0%
PGIM India Global Equity Opportunities Fund Direct Growth

Very High Risk

1.4%0.0%₹1421.88 Cr37.8%
PGIM India Emerging Markets Equity Fund Direct Growth

Very High Risk

1.4%0.0%₹102.58 Cr34.6%
PGIM India Liquid Fund Direct Growth

Low to Moderate Risk

0.1%0.0%₹398.76 Cr7.4%
PGIM India Low Duration Fund Direct Growth

Low to Moderate Risk

0.4%0.0%₹93.31 Cr7.2%
PGIM India Corporate Bond Fund Direct Growth

Low to Moderate Risk

0.3%0.0%₹97.11 Cr7.3%
PGIM India Hybrid Equity Fund Direct Growth

Very High Risk

0.8%0.0%₹217.58 Cr23.8%
PGIM India Large Cap Fund Direct Growth

Very High Risk

0.9%0.0%₹591.91 Cr25.4%
PGIM India Short Duration Fund Direct Growth

Low to Moderate Risk

0.3%0.0%₹27.94 Cr6.7%
PGIM India Ultra Short Duration Fund Direct Growth

Low to Moderate Risk

0.3%0.0%₹246.34 Cr7.4%
PGIM India Equity Savings Fund Direct Growth

Low to Moderate Risk

0.5%0.0%₹92.83 Cr10.0%
PGIM India Arbitrage Fund Direct Growth

Low Risk

0.4%0.0%₹119.91 Cr7.9%
PGIM India Money Market Fund Direct Growth

Low to Moderate Risk

0.2%0.0%₹231.72 Cr7.4%
PGIM India ELSS Tax Saver Fund Direct Growth

Very High Risk

0.8%0.0%₹739.46 Cr27.1%
PGIM India Midcap Opportunities Fund Direct Growth

Very High Risk

0.5%0.0%₹11051.59 Cr36.1%
PGIM India Credit Risk Fund Segregated Plan 1 Direct Growth

Low to Moderate Risk

-0.0%--
PGIM India Banking and PSU Debt fund Direct Growth

Moderate Risk

0.2%0.0%₹45.38 Cr6.8%
PGIM India Small Cap Fund Direct Growth

Very High Risk

0.5%0.0%₹1508.52 Cr35.5%

Risk Level

Your principal amount will be at Low Risk

Low Risk
Wealth Monitor

Unlock Expert Insights!

Maximise Returns with our Wealth Monitor App. Try it now!

Still got questions?
We're here to help.

The NAV of PGIM India Arbitrage Fund Direct Growth, as of 11-Jul-2024, is ₹18.31.
The fund has generated 7.93% over the last 1 year and 6.07% over the last 3 years. However, this does not guarantee that the fund will perform similarly in the future.
The fund's allocation of assets is distributed as -0.43% in equities, 8.71% in bonds, and 91.66% in cash and cash equivalents.
The fund managers responsible for PGIM India Arbitrage Fund Direct Growth are:-
  1. Puneet Pal
  2. Chetan Chavan