Overview
PGIM India Arbitrage Fund Direct Growth
PGIM India Mutual Fund
The scheme seeks to generate income by investing in arbitrage opportunities that potentially exist between the cash and derivatives market as well as within the derivatives segment of the market. Investments may also be made in debt & money market instruments.
Investments in PGIM India 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
₹ 19.422
Fund Size (AUM)
₹97.18 Cr
Risk
Low (Risk rating: 1/10)
Minimum Investment
Lumpsum: ₹ 5000
SIP: ₹1000
Launch Date
27-Aug-2014
Expense Ratio
0.37%
Exit Load
Exit load of 0.25%, if redeemed within 30 days.
Benchmark
NIFTY 50 Arbitrage Total Return Index
Standard Deviation
0.55
History
Performance & Ratios
1-Year SIP Return
7.43%
3-Year SIP Return
7.4%
5-Year SIP Return
6.54%
Mean Return
6.01%
Alpha
1.94
Beta
0.66
Sharpe Ratio
1.04
Sortino Ratio
1.19
Information Ratio
5.28
Returns
| 1Y | 3Y | 5Y | All Time | |
|---|---|---|---|---|
| Fund Returns | 7.87% | 7.07% | 5.84% | 5.93% |
| Category Average | 6.91% | 6.5% | 5.26% | N/A |
| Rank Within Category | 7 | 20 | 17 | N/A |
Holdings (56)
| Company | Sector | Instrument | Assets |
|---|---|---|---|
| PGIM India Liquid Fund Direct Plan-Growth | None | Mutual Fund | 14.03% |
| Hindustan Petroleum Corporation Ltd. | Energy | Equity | 9.61% |
| Reliance Industries Ltd. | Energy | Equity | 8.79% |
| ACC Ltd. | Construction | Equity | 7.74% |
| Ambuja Cements Ltd. | Construction | Equity | 5.78% |
| GOI | Sovereign | GOI Sec | 5.35% |
| GOI | Sovereign | GOI Sec | 5.29% |
| Titan Company Ltd. | Consumer Discretionary | Equity | 4.63% |
| Kotak Mahindra Bank Ltd. | Financial | Equity | 4.56% |
| SRF Ltd. | Diversified | Equity | 4.42% |
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: 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28
Min Amount: ₹ 1000
Min Installments: 5
Systematic Withdrawal Plan (SWP):
Frequency: MONTHLY
Dates: 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28
Min Amount: ₹ 1000
Min Installments: 5
AMC Details
Asset Management Company
PGIM India Mutual Fund
DHFL Pramerica Mutual Fund started their mutual fund on 13/05/2010 and its managing total assets of ₹25,191 Cr. Its ranked at 15 as per total assets at end of 30th Sep 2017. PGIM India 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.
DHFL was established in the year 1984 and it aimed to provide financial access to the middle and lower income strata of the society. Today, it is one of the most trusted and leading financial brands in India.
When it comes to the mutual fund space, this AMC provides funds across various categories and its main vision is financial inclusion, which means that their motto is to bring financial awareness to people in remote cities and towns. DHFL is therefore present in 351 locations across the country.
DHFL Pramerica Trustees Private Limited acts as the trustee company of DHFL Pramerica Mutual Fund and makes sure that all transactions are in accordance with the rules and regulations set-up by SEBI.
Launch Date
2010-05-13T00:00:00.188Z
Total AUM
₹ 23865.19 Cr
Address
7th Floor, Radhe Empire,Chandavarkar RoadBorivali (W), Mumbai Mumbai 400092
Phone
+91 22 6159 5441 / 42
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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PGIM India Arbitrage Fund Direct Growth
PGIM India Mutual Fund
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Frequently Asked Questions
How is the overall rating calculated?
The overall rating for PGIM India 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 PGIM India Arbitrage Fund Direct Growth?
The top stocks held by PGIM India Arbitrage Fund Direct Growth include PGIM India Liquid Fund Direct Plan-Growth, Hindustan Petroleum Corporation Ltd., Reliance Industries Ltd..
Which industries does PGIM India Arbitrage Fund Direct Growth invest in?
PGIM India Arbitrage Fund Direct Growth primarily invests in the following industries: None, Energy, Construction.
Who are the fund managers of PGIM India Arbitrage Fund Direct Growth?
The fund managers of PGIM India Arbitrage Fund Direct Growth are Puneet Pal and Chetan Chavan.
How many years has the fund manager been managing PGIM India Arbitrage Fund Direct Growth?
Puneet Pal:
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Chetan Chavan:
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What is the minimum investment for PGIM India Arbitrage Fund Direct Growth?
The minimum investment for PGIM India Arbitrage Fund Direct Growth is ₹5000 for lumpsum investments and ₹1000 for SIPs.
What are the average 1-year returns for PGIM India Arbitrage Fund Direct Growth?
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What are the average 3-year returns for PGIM India Arbitrage Fund Direct Growth?
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What is the expense ratio of PGIM India Arbitrage Fund Direct Growth, and how does it compare to its category?
The expense ratio of PGIM India Arbitrage Fund Direct Growth is 0.37%. The average expense ratio for similar funds in the Hybrid is Calculating....