Rating: N/A

Nippon India Arbitrage Fund - Direct Plan - Growth

Hybrid

  

Arbitrage Fund

NAV

21.193 + 0.0369

as on (28 May, 2020)

RETURNS

7.05 %

Fund Type

Open Ended

Investment Plan

Growth

Expense Ratio

0.16 %

Benchmark

NIFTY 50 Arbitrage PR INR

Asset Size

7068.17 Cr.

(As of 30 Apr, 2019)

Risk

Moderately Low

Objective

The investment objective of the scheme is to generate income by taking advantage of the arbitrage opportunities that potentially exists between cash and derivative market and within the derivative segment along with investments in debt securities & money market instruments.

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Fund manager

Kinjal Desai

(since 25 May, 2018)

Exit load

N / A

(If redeemed within 30 days)

Minimum sip

₹ 500

minimum investment

₹ 5000

Top Holdings

This fund is been allocated in various sectors including some of the prominent ones that are widely accepted and are creating a value of trust.

Company

Assets

Reliance Industries Limited_27/12/2018

7.96 %

Reliance Industries Ltd

7.93 %

Housing Development Finance Corporation Limited_27/12/2018

7.19 %

Housing Development Finance Corp Ltd

7.19 %

Sector Allocation

About the Scheme Type

Arbitrage Fund

Arbitrage Funds provide a safer investment avenue for the investors with low risk appetite by leveraging the price difference in the cash and derivatives market to generate returns. These usually invest around 65% of their corpus in equity-related instruments and are often seen as short-term wealth generating opportunities. Since the difference between the two prices is marginal, arbitrage funds are required to execute a humongous number of trades every year to book substantial profits. While Arbitrage Funds are a good investment option when you’ve a volatile market, the fact that their expense ratio is high and the payoff is unpredictable, count for noticeable disadvantages.

Ratings

This fund is rated 0 stars by Morning Star Ratings.

N/A

Overview of Reliance Nippon Life Asset Management Ltd

With Average Assets Under Management (AAUM) of Rs 2,33,628.56 Crores​​ ​(January 2019 - March 2019 QAAUM) and 90.67 lakhs folios (as on​ March 31, 2019​​), Reliance Mutual Fund is one of India's leading mutual funds. Reliance Mutual Fund is one of the fastest growing mutual funds in India, offering investors a well-rounded portfolio of products to meet varying investor requirements and has presence in 300​ cities (as on​ March 31, 2019​​) across the country. Reliance Mutual Fund constantly endeavours to launch innovative products and customer service initiatives to increase value to investors.

Vision statement of Reliance Mutual Fund - To be a globally respected wealth creator with an emphasis on customer care and a culture of good corporate governance.

Mission statement of Reliance Mutual Fund - To create and nurture a world-class, high performance environment aimed at delighting our customers.​

Main objectives of Reliance Mutual Fund are

  • To carry on the activity of a mutual fund as may be permitted by law, and formulate and devise various collective schemes of savings and investments for people in India and abroad, and also ensure liquidity of investments for the unit holders
  • To deploy funds thus raised so as to help the unit holders earn reasonable returns on their savings
  • To take such steps as may be necessary from time to time to realise the effects without any limitation