Dezerv

Fund Overview

Fund Size

Fund Size

₹156 Cr

Expense Ratio

Expense Ratio

0.41%

ISIN

ISIN

INF582M01ES7

Minimum SIP

Minimum SIP

₹1,000

Exit Load

Exit Load

No Charges

Inception Date

Inception Date

27 Feb 2019

About this fund

Union Arbitrage Fund Direct Growth is a Arbitrage Fund mutual fund schemes offered by Union Mutual Fund. This fund has been in existence for 5 years, 1 months and 18 days, having been launched on 27-Feb-19.
As of 12-Apr-24, it has a Net Asset Value (NAV) of ₹13.31, Assets Under Management (AUM) of 156.38 Crores, and an expense ratio of 0.41%.
  • Union Arbitrage Fund Direct Growth has given a CAGR return of 5.69% since inception.
  • The fund's asset allocation comprises around -77.08% in equities, 0.00% in debts, and 177.06% in cash & cash equivalents.
  • You can start investing in Union 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.

1 Year

+8.32%

+7.36%(Cat. Avg.)

3 Years

+5.88%

+5.36%(Cat. Avg.)

5 Years

+5.72%

+5.03%(Cat. Avg.)

Since Inception

+5.69%

--%(Cat. Avg.)

Portfolio Summaryas of 29th February 2024

Equity-120.54 Cr-77.08%
Others276.92 Cr177.08%

Top Holdings

All Holdings

Equity

Debt & Others

NameType sortAmount sortHoldings sort
Cash Offset For DerivativesCash - General Offset247.4 Cr159.42%
Derivatives TotalEquity - Future-123.7 Cr79.71%
TrepsCash - Repurchase Agreement18.26 Cr11.77%
Union Liquid Dir GrMutual Fund - Open End18.06 Cr11.64%
Future on HDFC Bank LtdEquity - Future-7.78 Cr5.01%
HDFC Bank LtdEquity7.72 Cr4.97%
Future on Reliance Industries LtdEquity - Future-5.23 Cr3.37%
Reliance Industries LtdEquity5.19 Cr3.34%
Net Receivable / PayableCash - Collateral-4.2 Cr2.71%
Future on Grasim Industries LtdEquity - Future-3.37 Cr2.17%
Grasim Industries LtdEquity3.35 Cr2.16%
Future on Coal India LtdEquity - Future-3.23 Cr2.08%
Coal India LtdEquity3.21 Cr2.07%
ICICI Bank Ltd.Bond - Corporate Bond-2.52 Cr1.63%
ICICI Bank LtdEquity2.5 Cr1.61%
Future on Kotak Mahindra Bank LtdEquity - Future-2.45 Cr1.58%
Kotak Mahindra Bank LtdEquity2.43 Cr1.57%
Axis Bank Ltd.Bond - Corporate Bond-2.37 Cr1.53%
Axis Bank LtdEquity2.35 Cr1.52%
Future on Hero MotoCorp LtdEquity - Future-2.27 Cr1.46%
Hero MotoCorp LtdEquity2.26 Cr1.45%
Future on Zee Entertainment Enterprises LtdEquity - Future-2.19 Cr1.41%
Zee Entertainment Enterprises LtdEquity2.17 Cr1.40%
Future on Jubilant Foodworks LtdEquity - Future-2.16 Cr1.39%
Future on Oil & Natural Gas Corp LtdEquity - Future-2.16 Cr1.39%
Future on Bharti Airtel LtdEquity - Future-2.15 Cr1.38%
Jubilant Foodworks LtdEquity2.15 Cr1.38%
Oil & Natural Gas Corp LtdEquity2.14 Cr1.38%
Bharti Airtel LtdEquity2.13 Cr1.38%
Future on Tata Consultancy Services LtdEquity - Future-1.88 Cr1.21%
Tata Consultancy Services LtdEquity1.86 Cr1.20%
Future on NTPC LtdEquity - Future-1.82 Cr1.18%
NTPC LtdEquity1.81 Cr1.17%
Future on State Bank of IndiaEquity - Future-1.81 Cr1.17%
Future on Adani Ports & Special Economic Zone LtdEquity - Future-1.81 Cr1.16%
Adani Ports & Special Economic Zone LtdEquity1.8 Cr1.16%
State Bank of IndiaEquity1.8 Cr1.16%
Future on Hindalco Industries LtdEquity - Future-1.77 Cr1.14%
Hindalco Industries LtdEquity1.76 Cr1.14%
Future on Bharat Electronics LtdEquity - Future-1.76 Cr1.14%
Bharat Electronics LtdEquity1.75 Cr1.13%
Indian Oil Corporation Ltd. 28-Mar-24Equity - Future-1.63 Cr1.05%
Indian Oil Corp LtdEquity1.61 Cr1.04%
Future on Maruti Suzuki India LtdEquity - Future-1.59 Cr1.02%
Future on Adani Enterprises LtdEquity - Future-1.59 Cr1.02%
Maruti Suzuki India LtdEquity1.58 Cr1.02%
Future on Hindustan Copper LtdEquity - Future-1.58 Cr1.02%
Adani Enterprises LtdEquity1.58 Cr1.02%
Hindustan Copper LtdEquity1.57 Cr1.01%
Future on DLF LtdEquity - Future-1.49 Cr0.96%
Future on UltraTech Cement LtdEquity - Future-1.49 Cr0.96%
DLF LtdEquity1.49 Cr0.96%
UltraTech Cement LtdEquity1.48 Cr0.96%
Future on Infosys LtdEquity - Future-1.48 Cr0.95%
Infosys LtdEquity1.47 Cr0.95%
Future on Indian Railway Catering And Tourism Corp LtdEquity - Future-1.47 Cr0.95%
Indian Railway Catering And Tourism Corp LtdEquity1.46 Cr0.94%
Future on Vedanta LtdEquity - Future-1.43 Cr0.92%
Vedanta LtdEquity1.42 Cr0.91%
Future on SBI Life Insurance Company LimitedEquity - Future-1.4 Cr0.91%
SBI Life Insurance Company LimitedEquity1.4 Cr0.90%
Future on Tata Motors LtdEquity - Future-1.36 Cr0.88%
Future on Aurobindo Pharma LtdEquity - Future-1.36 Cr0.88%
Aurobindo Pharma LtdEquity1.36 Cr0.87%
Tata Motors LtdEquity1.35 Cr0.87%
Future on UPL LtdEquity - Future-1.35 Cr0.87%
UPL LtdEquity1.34 Cr0.87%
The India Cements Ltd. 28-Mar-24Equity - Future-1.34 Cr0.86%
Future on Bank of BarodaEquity - Future-1.33 Cr0.86%
Future on Oberoi Realty LtdEquity - Future-1.33 Cr0.86%
India Cements LtdEquity1.33 Cr0.86%
Bank of BarodaEquity1.32 Cr0.85%
Oberoi Realty LtdEquity1.32 Cr0.85%
Future on Mahindra & Mahindra LtdEquity - Future-1.29 Cr0.83%
Future on PVR INOX LtdEquity - Future-1.29 Cr0.83%
Mahindra & Mahindra LtdEquity1.29 Cr0.83%
PVR INOX LtdEquity1.28 Cr0.83%
Future on Manappuram Finance LtdEquity - Future-1.27 Cr0.82%
Manappuram Finance LtdEquity1.27 Cr0.82%
Future on Multi Commodity Exchange of India LtdEquity - Future-1.21 Cr0.78%
Future on Glenmark Pharmaceuticals LtdEquity - Future-1.21 Cr0.78%
Glenmark Pharmaceuticals LtdEquity1.21 Cr0.78%
Multi Commodity Exchange of India LtdEquity1.2 Cr0.78%
Future on Larsen & Toubro LtdEquity - Future-1.16 Cr0.74%
Larsen & Toubro LtdEquity1.15 Cr0.74%
Indus Towers Ltd. 28-Mar-24Equity - Future-1.12 Cr0.72%
Indus Towers Ltd Ordinary SharesEquity1.12 Cr0.72%
Future on Coforge LtdEquity - Future-1.09 Cr0.70%
Coforge LtdEquity1.08 Cr0.70%
Future on Cipla LtdEquity - Future-1.06 Cr0.68%
Cipla LtdEquity1.06 Cr0.68%
Future on HCL Technologies LtdEquity - Future-1.06 Cr0.68%
HCL Technologies LtdEquity1.05 Cr0.68%
Future on ITC LtdEquity - Future-1.05 Cr0.67%
ITC LtdEquity1.04 Cr0.67%
Future on Shriram Finance LtdEquity - Future-1.03 Cr0.66%
Future on Ashok Leyland LtdEquity - Future-1.03 Cr0.66%
Shriram Finance LtdEquity1.02 Cr0.66%
Ashok Leyland LtdEquity1.02 Cr0.66%
Future on Max Financial Services LtdEquity - Future-1.02 Cr0.65%
Max Financial Services LtdEquity1.01 Cr0.65%
Future on Eicher Motors LtdEquity - Future-1 Cr0.65%
Future on Tech Mahindra LtdEquity - Future-1 Cr0.64%
Future on Sun Pharmaceuticals Industries LtdEquity - Future-1 Cr0.64%
Future on Britannia Industries LtdEquity - Future-1 Cr0.64%
Future on Syngene International LtdEquity - Future-1 Cr0.64%
Eicher Motors LtdEquity1 Cr0.64%
Future on Bajaj Auto LtdEquity - Future-1 Cr0.64%
Sun Pharmaceuticals Industries LtdEquity0.99 Cr0.64%
Tech Mahindra LtdEquity0.99 Cr0.64%
Britannia Industries LtdEquity0.99 Cr0.64%
Bajaj Auto LtdEquity0.99 Cr0.64%
Syngene International LtdEquity0.99 Cr0.64%
Future on The Federal Bank LtdEquity - Future-0.99 Cr0.64%
The Federal Bank LtdEquity0.98 Cr0.63%
Future on Persistent Systems LtdEquity - Future-0.95 Cr0.61%
Persistent Systems LtdEquity0.95 Cr0.61%
Future on Hindustan Unilever LtdEquity - Future-0.95 Cr0.61%
Hindustan Unilever LtdEquity0.94 Cr0.61%
Future on Voltas LtdEquity - Future-0.94 Cr0.60%
Voltas LtdEquity0.93 Cr0.60%
Future on Gujarat Narmada Valley Fertilizers & Chemicals LtdEquity - Future-0.92 Cr0.60%
Future on Apollo Hospitals Enterprise LtdEquity - Future-0.92 Cr0.59%
Future on Dalmia Bharat LtdEquity - Future-0.92 Cr0.59%
Gujarat Narmada Valley Fertilizers & Chemicals LtdEquity0.92 Cr0.59%
Apollo Hospitals Enterprise LtdEquity0.92 Cr0.59%
Dalmia Bharat LtdEquity0.91 Cr0.59%
Future on HDFC Life Insurance Company LimitedEquity - Future-0.9 Cr0.58%
Future on Bajaj Finance LtdEquity - Future-0.9 Cr0.58%
HDFC Life Insurance Company LimitedEquity0.9 Cr0.58%
Bajaj Finance LtdEquity0.89 Cr0.58%
Future on Tata Power Co LtdEquity - Future-0.88 Cr0.57%
Future on Steel Authority Of India LtdEquity - Future-0.88 Cr0.57%
Tata Power Co LtdEquity0.88 Cr0.57%
Steel Authority Of India LtdEquity0.87 Cr0.56%
Future on Bandhan Bank LtdEquity - Future-0.84 Cr0.54%
Bandhan Bank LtdEquity0.83 Cr0.54%
Future on Titan Co LtdEquity - Future-0.83 Cr0.54%
Titan Co LtdEquity0.82 Cr0.53%
Future on United Spirits LtdEquity - Future-0.82 Cr0.53%
United Spirits LtdEquity0.82 Cr0.53%
Future on IndusInd Bank LtdEquity - Future-0.82 Cr0.53%
IndusInd Bank LtdEquity0.81 Cr0.52%
Future on Tata Steel Ltd.Equity - Future-0.78 Cr0.50%
Tata Steel LtdEquity0.77 Cr0.50%
Future on Tata Communications LtdEquity - Future-0.77 Cr0.50%
Tata Communications LtdEquity0.77 Cr0.50%
Future on Canara BankEquity - Future-0.77 Cr0.50%
Future on Ambuja Cements LtdEquity - Future-0.77 Cr0.49%
Ambuja Cements LtdEquity0.76 Cr0.49%
Canara BankEquity0.76 Cr0.49%
Future on TVS Motor Co LtdEquity - Future-0.75 Cr0.48%
TVS Motor Co LtdEquity0.75 Cr0.48%
Future on L&T Technology Services LtdEquity - Future-0.75 Cr0.48%
Future on Granules India LtdEquity - Future-0.75 Cr0.48%
Granules India LtdEquity0.74 Cr0.48%
L&T Technology Services LtdEquity0.74 Cr0.48%
Future on Bajaj Finserv LtdEquity - Future-0.72 Cr0.47%
Bajaj Finserv LtdEquity0.72 Cr0.46%
Future on Gujarat Gas LtdEquity - Future-0.71 Cr0.46%
Gujarat Gas LtdEquity0.71 Cr0.46%
Future on AU Small Finance Bank LtdEquity - Future-0.69 Cr0.44%
Future on Abbott India LtdEquity - Future-0.69 Cr0.44%
AU Small Finance Bank LtdEquity0.68 Cr0.44%
Future on Jindal Steel & Power LtdEquity - Future-0.68 Cr0.44%
Abbott India LtdEquity0.68 Cr0.44%
Jindal Steel & Power LtdEquity0.68 Cr0.44%
Future on GAIL (India) LtdEquity - Future-0.67 Cr0.43%
GAIL (India) LtdEquity0.67 Cr0.43%
Future on RBL Bank LtdEquity - Future-0.66 Cr0.42%
RBL Bank LtdEquity0.65 Cr0.42%
Dr. Reddy's Laboratories Ltd. 28-Mar-24Equity - Future-0.65 Cr0.42%
Dr Reddy's Laboratories LtdEquity0.64 Cr0.41%
Future on Divi's Laboratories LtdEquity - Future-0.63 Cr0.41%
Divi's Laboratories LtdEquity0.63 Cr0.40%
Future on Asian Paints LtdEquity - Future-0.63 Cr0.40%
Asian Paints LtdEquity0.62 Cr0.40%
Future on ABB India LtdEquity - Future-0.55 Cr0.35%
ABB India LtdEquity0.54 Cr0.35%
Future on Torrent Pharmaceuticals LtdEquity - Future-0.54 Cr0.34%
Torrent Pharmaceuticals LtdEquity0.53 Cr0.34%
Future on Nestle India LtdEquity - Future-0.52 Cr0.34%
Nestle India LtdEquity0.52 Cr0.33%
Future on ACC LtdEquity - Future-0.48 Cr0.31%
ACC LtdEquity0.47 Cr0.30%
Future on JSW Steel LtdEquity - Future-0.44 Cr0.28%
JSW Steel LtdEquity0.43 Cr0.28%
Future on Tata Consumer Products LtdEquity - Future-0.43 Cr0.28%
The Ramco Cements Ltd. 28-Mar-24Equity - Future-0.43 Cr0.28%
Tata Consumer Products LtdEquity0.43 Cr0.28%
Ramco Cements LtdEquity0.43 Cr0.27%
Future on Hindustan Petroleum Corp LtdEquity - Future-0.42 Cr0.27%
Hindustan Petroleum Corp LtdEquity0.41 Cr0.27%
Future on Piramal Enterprises LtdEquity - Future-0.35 Cr0.22%
Piramal Enterprises LtdEquity0.34 Cr0.22%
Future on Mphasis LtdEquity - Future-0.22 Cr0.14%
Mphasis LtdEquity0.22 Cr0.14%
182 DTB 07032023Bond - Gov't/Treasury0.18 Cr0.12%

Allocation By Credit Quality (Debt)

AAA

Other Allocation

Equity Sector

Debt & Others

SectorAmount sortHoldings sort
Financial Services31.59 Cr20.36%
Basic Materials19.12 Cr12.32%
Energy14.14 Cr9.11%
Consumer Cyclical12.18 Cr7.85%
Healthcare9.75 Cr6.28%
Industrials8.65 Cr5.58%
Technology8.37 Cr5.39%
Communication Services7.48 Cr4.82%
Consumer Defensive4.74 Cr3.05%
Utilities4.06 Cr2.62%
Real Estate2.8 Cr1.81%

Risk & Performance Ratios

Standard Deviation

This fund

0.71%

Cat. avg.

0.81%

Lower the better

Sharpe Ratio

This fund

0.73

Cat. avg.

0.01

Higher the better

Sortino Ratio

This fund

--

Cat. avg.

0.32

Higher the better

Fund Managers

Devesh Thacker

Devesh Thacker

Since February 2019

Vishal Thakker

Vishal Thakker

Since February 2019

Additional Scheme Detailsas of 29th February 2024

ISININF582M01ES7Expense Ratio0.41%Exit LoadNo ChargesFund Size₹156 CrAge27 Feb 2019Lumpsum 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.

Similar Arbitrage Fund Funds

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

Low Risk

0.9%0.0%₹94.27 Cr7.2%
Sundaram Arbitrage Fund Direct Growth

Low Risk

0.3%0.0%₹94.27 Cr7.9%
Bank of India Arbitrage Fund Direct Growth

Low Risk

0.2%0.0%₹25.53 Cr7.5%
Bank of India Arbitrage Fund Regular Growth

Low Risk

1.0%0.0%₹25.53 Cr6.7%
Mirae Asset Arbitrage Fund Direct Growth

Low Risk

0.1%0.0%₹1451.16 Cr8.4%
Mirae Asset Arbitrage Fund Regular Growth

Low Risk

0.9%0.0%₹1451.16 Cr7.6%
Tata Arbitrage Fund Regular Growth

Low Risk

1.1%0.0%₹10755.47 Cr7.6%
Tata Arbitrage Fund Direct Growth

Low Risk

0.3%0.0%₹10755.47 Cr8.4%
Mahindra Manulife Arbitrage Fund Direct Growth

Low Risk

0.4%0.0%₹65.10 Cr7.0%
Mahindra Manulife Arbitrage Fund Regular Growth

Low Risk

1.2%0.0%₹65.10 Cr6.1%

About the AMC

Total AUM

₹17,141 Cr

Address

Unit 802, 8th Floor, Tower ‘A’, Mumbai, 400013

Other Funds by Union Mutual Fund

Fund nameExpense RatioExit LoadFund size
1Y
Union Children's Fund Direct Growth

Very High Risk

0.7%0.0%₹40.68 Cr-
Union Innovation & Opportunities Fund Direct Growth

Very High Risk

0.9%1.0%₹619.28 Cr-
Union Fixed Maturity Plan 1114 Days Series 13 Direct Growth

Moderate Risk

-0.0%-6.8%
Union Small Cap Fund Direct Growth

Very High Risk

0.9%1.0%₹3669.91 Cr47.5%
Union Hybrid Equity Fund Direct Growth

Very High Risk

1.4%1.0%₹584.81 Cr30.1%
Union Medium Duration Fund Direct Growth

Moderate Risk

0.7%1.0%₹223.49 Cr6.5%
Union Value Discovery Fund Direct Growth

Very High Risk

1.4%1.0%₹222.01 Cr44.6%
Union Multicap Fund Direct Growth

Very High Risk

1.1%1.0%₹838.71 Cr44.5%
Union Balanced Advantage Fund Direct Growth

Very High Risk

1.2%1.0%₹1608.71 Cr20.5%
Union Equity Savings Fund Direct Growth

Moderate Risk

1.8%1.0%₹156.51 Cr15.1%
Union Arbitrage Fund Direct Growth

Low Risk

0.4%0.0%₹156.38 Cr8.3%
Union Tax Saver (ELSS) Fund Direct Growth

Very High Risk

1.5%0.0%₹823.70 Cr38.3%
Union Dynamic Bond Fund Direct Growth

Moderate Risk

1.3%1.0%₹113.25 Cr6.3%
Union Flexi Cap Fund Direct Growth

Very High Risk

0.9%1.0%₹1986.67 Cr40.2%
Union Liquid Direct Growth

Low to Moderate Risk

0.1%0.0%₹2061.08 Cr7.4%
Union Midcap Fund Direct Growth

Very High Risk

0.7%1.0%₹1064.70 Cr49.2%
Union Gilt Fund Direct Growth

Moderate Risk

0.7%0.0%₹133.72 Cr6.8%
Union Largecap Fund Direct Growth

Very High Risk

1.8%1.0%₹318.76 Cr35.5%
Union Retirement Fund Direct Growth

Very High Risk

1.8%0.0%₹116.93 Cr41.9%
Union Corporate Bond Fund Direct Growth

Moderate Risk

0.4%1.0%₹441.48 Cr6.9%
Union Overnight Fund Direct Growth

Low Risk

0.1%0.0%₹156.89 Cr6.8%
Union Focused Fund Direct Growth

Very High Risk

1.6%1.0%₹388.31 Cr32.6%
Union Money Market Fund Direct Growth

Low to Moderate Risk

0.3%0.0%₹202.26 Cr7.2%
Union Large & Midcap Fund Direct Growth

Very High Risk

0.9%1.0%₹705.70 Cr39.7%

Risk Level

Your principal amount will be at Low Risk

Low Risk
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The NAV of Union Arbitrage Fund Direct Growth, as of 12-Apr-2024, is ₹13.31.
The fund has generated 8.32% over the last 1 year and 5.88% 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 -77.08% in equities, 0.00% in bonds, and 177.06% in cash and cash equivalents.
The fund managers responsible for Union Arbitrage Fund Direct Growth are:-
  1. Devesh Thacker
  2. Vishal Thakker