Overview
Parag Parikh Arbitrage Fund Direct Growth
PPFAS Mutual Fund
The scheme seeks to generate capital appreciation and income by predominantly investing in arbitrage opportunities in the cash and derivatives segment of the equity market, and by investing the balance in debt and money market instruments.
Investments in Parag Parikh 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
₹ 11.1508
Fund Size (AUM)
₹1304.46 Cr
Risk
Low (Risk rating: 1/10)
Minimum Investment
Lumpsum: ₹ 1000
SIP: ₹1000
Launch Date
02-Nov-2023
Expense Ratio
0.3%
Exit Load
Exit load of 0.25%, if redeemed within 30 days.
Benchmark
NIFTY 50 Arbitrage Total Return Index
Standard Deviation
N/A
History
Performance & Ratios
1-Year SIP Return
7.76%
3-Year SIP Return
N/A
5-Year SIP Return
N/A
Mean Return
N/A
Alpha
-
Beta
-
Sharpe Ratio
-
Sortino Ratio
-
Information Ratio
-
Returns
| 1Y | 3Y | 5Y | All Time | |
|---|---|---|---|---|
| Fund Returns | 7.34% | N/A | N/A | N/A |
| Category Average | 6.91% | 6.5% | 5.26% | N/A |
| Rank Within Category | 24 | N/A | N/A | N/A |
Holdings (188)
| Company | Sector | Instrument | Assets |
|---|---|---|---|
| Parag Parikh Liquid Fund Direct - Growth | None | Mutual Fund | 10.49% |
| Reliance Industries Ltd. | Energy | Equity | 5.43% |
| HDFC Bank Ltd. | Financial | Equity | 4.45% |
| Axis Bank Ltd. | Financial | Equity | 3.18% |
| ICICI Bank Ltd. | Financial | CD | 3.0% |
| Tata Steel Ltd. | Metals & Mining | Equity | 2.37% |
| Bank Of Baroda | Financial | Equity | 2.28% |
| ICICI Bank Ltd. | Financial | Equity | 2.27% |
| Canara Bank | Financial | Equity | 2.16% |
| State Bank of India | Financial | Equity | 2.12% |
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: ₹ 1000
Multiplier: 1
Systematic Transfer Plan (STP):
Frequency: MONTHLY
Dates: Any day of the month
Min Amount: ₹ 1000
Min Installments: 6
Systematic Withdrawal Plan (SWP):
Frequency: MONTHLY
Dates: 1, 5, 10, 15, 20, 25
Min Amount: ₹ 1000
Min Installments: 12
AMC Details
Asset Management Company
PPFAS Mutual Fund
PPFAS Mutual Fund started their mutual fund on 10/10/2012 and its managing total assets of ₹821 Cr. Its ranked at 34 as per total assets at end of 30th Sep 2017. PPFAS 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.
Parag Parikh Asset Management was launched on 10th October 2012 an is promoted by arag Parikh Financial Advisory Services Pvt. Ltd, a financial advisory firm incorporated in 1992. The mission of this mutual fund is to provide prudent fund management so that investors can attain their long-term financial goals.
The tagline of the company is 'There's only one right way'. They believe in simplifying the process of investing for their clients and that is their main motive.
It provides a host of mutual funds to investors and they also invest in various schemes across different market capitalization.Their simplistic way of managing funds and providing transparent service to investors makes them popular in the mutual fund industry.
Launch Date
2012-10-10T00:00:00.494Z
Total AUM
₹ 100250.21 Cr
Address
702-705, 7th Floor, 349 Business Point Commercial Premises Co-op. Society Ltd.,Western Express Highway,Andheri (East), Mumbai 400069
Phone
022 6906 6100, 91 22 6140 6555
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
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Parag Parikh Arbitrage Fund Direct Growth
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Frequently Asked Questions
How is the overall rating calculated?
The overall rating for Parag Parikh 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 Parag Parikh Arbitrage Fund Direct Growth?
The top stocks held by Parag Parikh Arbitrage Fund Direct Growth include Parag Parikh Liquid Fund Direct - Growth, Reliance Industries Ltd., HDFC Bank Ltd..
Which industries does Parag Parikh Arbitrage Fund Direct Growth invest in?
Parag Parikh Arbitrage Fund Direct Growth primarily invests in the following industries: None, Energy, Financial.
Who are the fund managers of Parag Parikh Arbitrage Fund Direct Growth?
The fund managers of Parag Parikh Arbitrage Fund Direct Growth are Rajeev Thakkar and Raunak Onkar and Raj Mehta and Rukun Tarachandani and Mansi Kariya.
How many years has the fund manager been managing Parag Parikh Arbitrage Fund Direct Growth?
Rajeev Thakkar:
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Raunak Onkar:
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Raj Mehta:
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Rukun Tarachandani:
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Mansi Kariya:
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What is the minimum investment for Parag Parikh Arbitrage Fund Direct Growth?
The minimum investment for Parag Parikh Arbitrage Fund Direct Growth is ₹1000 for lumpsum investments and ₹1000 for SIPs.
What are the average 1-year returns for Parag Parikh Arbitrage Fund Direct Growth?
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What are the average 3-year returns for Parag Parikh Arbitrage Fund Direct Growth?
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What is the expense ratio of Parag Parikh Arbitrage Fund Direct Growth, and how does it compare to its category?
The expense ratio of Parag Parikh Arbitrage Fund Direct Growth is 0.3%. The average expense ratio for similar funds in the Hybrid is Calculating....