Overview
Axis Arbitrage Fund Direct Growth
Axis Mutual Fund
The scheme aims to generate income through low volatility absolute return strategies that take advantage of opportunities in the cash and the derivative segments of the equity markets including the arbitrage opportunities available within the derivative segment, by using other derivative based strategies and by investing the balance in debt and money market instruments.
Investments in Axis Arbitrage Fund Direct Growth are subject to market risks. Please read the offer document carefully before investing to understand the potential market risks and rewards.
Latest NAV
₹ 20.0545
Fund Size (AUM)
₹5746.0 Cr
Risk
Low (Risk rating: 1/10)
Minimum Investment
Lumpsum: ₹ 500
SIP: ₹100
Launch Date
14-Aug-2014
Expense Ratio
0.33%
Exit Load
Exit load of 0.25% if redeemed within 15 days.
Benchmark
NIFTY 50 Arbitrage Total Return Index
Standard Deviation
0.56
History
Performance & Ratios
1-Year SIP Return
8.24%
3-Year SIP Return
7.95%
5-Year SIP Return
7.07%
Mean Return
6.24%
Alpha
2.1
Beta
0.61
Sharpe Ratio
1.49
Sortino Ratio
1.64
Information Ratio
5.53
Returns
| 1Y | 3Y | 5Y | All Time | |
|---|---|---|---|---|
| Fund Returns | 7.78% | 7.3% | 6.12% | 6.77% |
| Category Average | 6.91% | 6.5% | 5.26% | N/A |
| Rank Within Category | 11 | 14 | 7 | N/A |
Holdings (310)
| Company | Sector | Instrument | Assets |
|---|---|---|---|
| Axis Money Market Fund Direct-Growth | None | Mutual Fund | 8.28% |
| Reliance Industries Ltd. | Energy | Equity | 3.87% |
| Tata Consultancy Services Ltd. | Technology | Equity | 3.62% |
| ICICI Bank Ltd. | Financial | Equity | 3.58% |
| HDFC Bank Ltd. | Financial | Equity | 3.32% |
| Small Industries Devp. Bank of India Ltd. | Financial | CD | 3.26% |
| Bank Of Baroda | Financial | Equity | 3.13% |
| Ultratech Cement Ltd. | Construction | Equity | 2.64% |
| National Bank For Agriculture & Rural Development | Financial | Debenture | 2.61% |
| Tata Motors Ltd. | Automobile | Equity | 2.48% |
Holdings Analysis
Peer Comparison
Peer Comparison
| Fund Name | AUM (₹ Cr) | 1Y Return (%) | 3Y Return (%) | Expense Ratio (%) | Rating |
|---|---|---|---|---|---|
| Invesco India Arbitrage Fund Direct Growth | 19675.15 | 7.88 | 7.69 | 0.39 | N/A |
| Kotak Equity Arbitrage Fund Direct Growth | 60373.17 | 7.9 | 7.59 | 0.44 | N/A |
| Tata Arbitrage Fund Direct Growth | 12789.92 | 7.88 | 7.47 | 0.3 | N/A |
| Aditya Birla Sun Life Arbitrage Fund Direct Growth | 14236.09 | 7.87 | 7.41 | 0.31 | N/A |
| Nippon India Arbitrage Fund Direct Growth | 13733.37 | 7.66 | 7.36 | 0.35 | N/A |
SIP, STP & SWP Details
Systematic Investment Plan (SIP):
Frequency: Monthly
Min Amount: ₹ 100
Multiplier: 1
Systematic Transfer Plan (STP):
Frequency: MONTHLY
Dates: 1, 7, 10, 15, 25
Min Amount: ₹ 1000
Min Installments: 6
Systematic Withdrawal Plan (SWP):
Frequency: MONTHLY
Dates: 1, 5, 10, 15, 25
Min Amount: ₹ 1000
Min Installments: 6
AMC Details
Asset Management Company
Axis Mutual Fund
Axis Mutual Fund started their mutual fund on 04/09/2009 and its managing total assets of ₹69,145 Cr. Its ranked at 10 as per total assets at end of 30th Sep 2017. Axis Mutual Fund employs robust strategies to manage market risks, but investments remain subject to market risks. Please read the fund’s documentation for detailed risk management policies.
Axis mutual fund was established in October 2009 and since then it has made a mark in the mutual fund industry. Axis mutual fund claims that the reason for it to reach the peak of success is because of the three principles they follow strictly, which is, long-term wealth creation, customer's view and long-term relationship.
Axis Mutual Fund houses more than 50 schemes, it has over 20 lac investors investing with them and is present in over 90 cities.Their main motto is to take any fund decision keeping a customer centric approach in mind. The AMC commits to keep investors at the heart of every decision.
They also believe in leveraging the equity of the brand 'Axis' and aim at building a relationship with stakeholders. Axis wants its investors to think long-term when it comes to mutual fund investing and they want their investors to optimize their money through mutual funds.
Launch Date
2009-09-04T00:00:00.710Z
Total AUM
₹ 305435.43 Cr
Address
23rd Floor, One Lodha Place,S. B. Road, Lower Parel. Mumbai 400013
Phone
022-24255161
Website
Sub Type
Contra
Sub Type Info
Contra funds follow Contrarian strategy which means investing in stocks in contrast to the prevailing sentiment. Minimum investment in equity is 65%.
Tax Impact
Returns are taxed at 20%, if you redeem before one year. After 1 year, you are required to pay LTCG tax of 12.5% on returns of Rs 1.25 lakh+ in a financial year.
Stamp Duty
0.005% (from July 1st, 2020)
Fund Manager Details
Compare with Another Fund
Axis Arbitrage Fund Direct Growth
Axis Mutual Fund
You May Be Interested In
HDFC Asset Allocator FoF Direct Growth
Multi Asset Allocation
SBI Equity Savings Fund Direct Growth
Equity Savings
Mahindra Manulife Aggressive Hybrid Fund Direct Growth
Aggressive Hybrid
ICICI Prudential Equity Savings Fund Direct Growth
Equity Savings
Baroda BNP Paribas Balanced Advantage Fund Direct Growth
Dynamic Asset Allocation
Sundaram Equity Savings Fund Direct Growth
Equity Savings
Aditya Birla Sun Life Arbitrage Fund Direct Growth
Arbitrage
Edelweiss Equity Savings Fund Direct Growth
Equity Savings
Edelweiss Arbitrage Fund Direct Growth
Arbitrage
DSP Equity Savings Fund Direct Growth
Equity Savings
Explore More Mutual Funds
Equity Mutual Funds - Top Equity Fund Picks
Explore top equity mutual funds to diversify your portfolio. Filter by NAV, fund size, and more to find the best equity funds.
Debt Mutual Funds - Best Debt Fund Options
Discover top debt mutual funds for stable returns. Filter by NAV, fund size, and AMC to find the best debt funds for you.
Commodities Mutual Funds
Explore commodities mutual funds for diversification. Filter by NAV and fund size to find the best commodity funds.
ELSS Mutual Funds - Top Tax-Saving Funds
Discover top ELSS mutual funds for tax savings and growth. Filter by NAV, fund size, and AMC to find the best ELSS funds.
Large Cap Equity Funds
Find top large cap equity funds. Filter by AMC, NAV, and fund size to choose the best funds.
Mid Cap Equity Funds
Find top mid cap equity funds. Filter by AMC, NAV, and fund size to choose the best funds.
Frequently Asked Questions
How is the overall rating calculated?
The overall rating for Axis Arbitrage Fund Direct Growth is an aggregate score based on performance metrics (returns over 1, 3, and 5 years), risk-adjusted returns (Sharpe and Sortino ratios), and consistency relative to its category. Ratings are on a scale of 1 to 5, with 5 being the highest.
What are the top stocks of Axis Arbitrage Fund Direct Growth?
The top stocks held by Axis Arbitrage Fund Direct Growth include Axis Money Market Fund Direct-Growth, Reliance Industries Ltd., Tata Consultancy Services Ltd..
Which industries does Axis Arbitrage Fund Direct Growth invest in?
Axis Arbitrage Fund Direct Growth primarily invests in the following industries: None, Energy, Technology.
Who are the fund managers of Axis Arbitrage Fund Direct Growth?
The fund managers of Axis Arbitrage Fund Direct Growth are Devang Shah and Sachin Jain and Karthik Kumar.
How many years has the fund manager been managing Axis Arbitrage Fund Direct Growth?
Devang Shah:
Calculating...
Sachin Jain:
Calculating...
Karthik Kumar:
Calculating...
What is the minimum investment for Axis Arbitrage Fund Direct Growth?
The minimum investment for Axis Arbitrage Fund Direct Growth is ₹500 for lumpsum investments and ₹100 for SIPs.
What are the average 1-year returns for Axis Arbitrage Fund Direct Growth?
Calculating...
What are the average 3-year returns for Axis Arbitrage Fund Direct Growth?
Calculating...
What is the expense ratio of Axis Arbitrage Fund Direct Growth, and how does it compare to its category?
The expense ratio of Axis Arbitrage Fund Direct Growth is 0.33%. The average expense ratio for similar funds in the Hybrid is Calculating....