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Bank of India Arbitrage Fund Direct Growth
AlternativeArbitrage FundLow Risk
Direct
NAV (21-Nov-24)
₹13.840.04%1D
Returns (Since Inception)
5.18%
Rated ★4.5+ on 
Fund Overview
Fund Size
₹41 Cr
Expense Ratio
0.21%
ISIN
INF761K01ED3
Minimum SIP
₹1,000
Exit Load
No Charges
Inception Date
18 Jun 2018
About this fund
Bank of India Arbitrage Fund Direct Growth is a Arbitrage Fund mutual fund schemes offered by BOI Mutual Fund. This fund has been in existence for 6 years, 5 months and 4 days, having been launched on 18-Jun-18.
As of 21-Nov-24, it has a Net Asset Value (NAV) of ₹13.84, Assets Under Management (AUM) of 40.76 Crores, and an expense ratio of 0.21%.
As of 21-Nov-24, it has a Net Asset Value (NAV) of ₹13.84, Assets Under Management (AUM) of 40.76 Crores, and an expense ratio of 0.21%.
- Bank of India Arbitrage Fund Direct Growth has given a CAGR return of 5.18% since inception.
- The fund's asset allocation comprises around -0.42% in equities, 6.20% in debts, and 94.19% in cash & cash equivalents.
- You can start investing in Bank of India Arbitrage Fund Direct Growth with a SIP of ₹1000 or a Lumpsum investment of ₹5000.
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
+7.84%
+7.51% (Cat Avg.)
3 Years
+5.84%
+6.13% (Cat Avg.)
5 Years
+4.86%
+5.24% (Cat Avg.)
Since Inception
+5.18%
— (Cat Avg.)
Portfolio Summaryas of 31st October 2024
| Equity | ₹-0.17 Cr | -0.42% |
| Debt | ₹2.53 Cr | 6.20% |
| Others | ₹38.4 Cr | 94.22% |
Top Holdings
All Holdings
Equity
Debt & Others
| Name | Type  | Amount | Holdings |
|---|---|---|---|
| Net Receivables / (Payables) | Cash | ₹28.1 Cr | 68.95% |
| Bank of India Liquid Dir Gr | Mutual Fund - Open End | ₹6.52 Cr | 15.99% |
| Treps | Cash - Repurchase Agreement | ₹3.04 Cr | 7.45% |
| Hdfc Bank Limited November 2024 Future | Equity - Future | ₹-1.54 Cr | 3.77% |
| HDFC Bank Ltd | Equity | ₹1.53 Cr | 3.75% |
| Future on Bank of Baroda | Equity - Future | ₹-1.48 Cr | 3.62% |
| Future on Ambuja Cements Ltd | Equity - Future | ₹-1.47 Cr | 3.62% |
| Bank of Baroda | Equity | ₹1.47 Cr | 3.60% |
| Future on Canara Bank | Equity - Future | ₹-1.46 Cr | 3.59% |
| Ambuja Cements Ltd | Equity | ₹1.46 Cr | 3.59% |
| Canara Bank | Equity | ₹1.46 Cr | 3.57% |
| Future on Hindustan Aeronautics Ltd Ordinary Shares | Equity - Future | ₹-1.41 Cr | 3.46% |
| Future on Lupin Ltd | Equity - Future | ₹-1.4 Cr | 3.44% |
| Hindustan Aeronautics Ltd Ordinary Shares | Equity | ₹1.4 Cr | 3.44% |
| Lupin Ltd | Equity | ₹1.39 Cr | 3.42% |
| Future on Adani Enterprises Ltd | Equity - Future | ₹-1.33 Cr | 3.27% |
| Adani Enterprises Ltd | Equity | ₹1.33 Cr | 3.25% |
| Future on Hindalco Industries Ltd | Equity - Future | ₹-1.26 Cr | 3.08% |
| Hindalco Industries Ltd | Equity | ₹1.25 Cr | 3.06% |
| Future on Bajaj Finance Ltd | Equity - Future | ₹-1.21 Cr | 2.98% |
| Bajaj Finance Ltd | Equity | ₹1.21 Cr | 2.96% |
| Indus Towers Limited November 2024 Future | Equity - Future | ₹-1.17 Cr | 2.86% |
| Indus Towers Ltd Ordinary Shares | Equity | ₹1.16 Cr | 2.84% |
| Future on InterGlobe Aviation Ltd | Equity - Future | ₹-0.98 Cr | 2.40% |
| InterGlobe Aviation Ltd | Equity | ₹0.97 Cr | 2.39% |
| Future on Reliance Industries Ltd | Equity - Future | ₹-0.94 Cr | 2.30% |
| Reliance Industries Ltd | Equity | ₹0.93 Cr | 2.29% |
| Future on UltraTech Cement Ltd | Equity - Future | ₹-0.89 Cr | 2.19% |
| UltraTech Cement Ltd | Equity | ₹0.89 Cr | 2.17% |
| Future on Bharat Heavy Electricals Ltd | Equity - Future | ₹-0.82 Cr | 2.01% |
| Bharat Heavy Electricals Ltd | Equity | ₹0.82 Cr | 2.00% |
| India (Republic of) | Bond - Short-term Government Bills | ₹0.78 Cr | 1.90% |
| Future on Larsen & Toubro Ltd | Equity - Future | ₹-0.77 Cr | 1.88% |
| Larsen & Toubro Ltd | Equity | ₹0.76 Cr | 1.87% |
| Infosys Limited November 2024 Future | Equity - Future | ₹-0.71 Cr | 1.74% |
| Infosys Ltd | Equity | ₹0.7 Cr | 1.72% |
| Future on Bharat Petroleum Corp Ltd | Equity - Future | ₹-0.68 Cr | 1.66% |
| Bharat Petroleum Corp Ltd | Equity | ₹0.67 Cr | 1.65% |
| Future on JSW Steel Ltd | Equity - Future | ₹-0.65 Cr | 1.60% |
| JSW Steel Ltd | Equity | ₹0.65 Cr | 1.60% |
| 182 DTB 17012025 | Bond - Gov't/Treasury | ₹0.64 Cr | 1.57% |
| Future on Jindal Steel & Power Ltd | Equity - Future | ₹-0.64 Cr | 1.56% |
| Jindal Steel & Power Ltd | Equity | ₹0.63 Cr | 1.55% |
| Future on Escorts Kubota Ltd | Equity - Future | ₹-0.62 Cr | 1.53% |
| Escorts Kubota Ltd | Equity | ₹0.62 Cr | 1.52% |
| Future on TVS Motor Co Ltd | Equity - Future | ₹-0.61 Cr | 1.50% |
| Future on DLF Ltd | Equity - Future | ₹-0.61 Cr | 1.50% |
| TVS Motor Co Ltd | Equity | ₹0.61 Cr | 1.50% |
| DLF Ltd | Equity | ₹0.61 Cr | 1.49% |
| Abb India Limited November 2024 Future | Equity - Future | ₹-0.56 Cr | 1.38% |
| ABB India Ltd | Equity | ₹0.56 Cr | 1.37% |
| Future on City Union Bank Ltd | Equity - Future | ₹-0.53 Cr | 1.30% |
| City Union Bank Ltd | Equity | ₹0.53 Cr | 1.29% |
| 364 DTB 10072025 | Bond - Gov't/Treasury | ₹0.53 Cr | 1.29% |
| Future on Punjab National Bank | Equity - Future | ₹-0.48 Cr | 1.17% |
| Punjab National Bank | Equity | ₹0.47 Cr | 1.15% |
| Future on Bharti Airtel Ltd | Equity - Future | ₹-0.46 Cr | 1.14% |
| Power Grid Corp Of India Ltd | Equity | ₹0.46 Cr | 1.13% |
| Bharti Airtel Ltd | Equity | ₹0.46 Cr | 1.13% |
| Future on Power Grid Corp Of India Ltd | Equity - Future | ₹-0.46 Cr | 1.13% |
| 364 DTB | Bond - Gov't/Treasury | ₹0.44 Cr | 1.08% |
| 364 DTB | Bond - Gov't/Treasury | ₹0.42 Cr | 1.03% |
| Power Finance Corporation Limited November 2024 Future | Equity - Future | ₹-0.41 Cr | 1.02% |
| Power Finance Corp Ltd | Equity | ₹0.41 Cr | 1.02% |
| Future on Tata Steel Ltd | Equity - Future | ₹-0.41 Cr | 1.01% |
| Tata Steel Ltd | Equity | ₹0.41 Cr | 1.00% |
| L&T Finance Limited November 2024 Future | Equity - Future | ₹-0.39 Cr | 0.97% |
| L&T Finance Ltd | Equity | ₹0.39 Cr | 0.96% |
| Future on Zydus Lifesciences Ltd | Equity - Future | ₹-0.36 Cr | 0.89% |
| Zydus Lifesciences Ltd | Equity | ₹0.36 Cr | 0.88% |
| Future on Vodafone Idea Ltd | Equity - Future | ₹-0.29 Cr | 0.72% |
| Vodafone Idea Ltd | Equity | ₹0.29 Cr | 0.72% |
| 364 DTB 24072025 | Bond - Gov't/Treasury | ₹0.29 Cr | 0.70% |
| Future on Tata Motors Ltd | Equity - Future | ₹-0.28 Cr | 0.68% |
| Tata Motors Ltd | Equity | ₹0.28 Cr | 0.68% |
| Future on State Bank of India | Equity - Future | ₹-0.25 Cr | 0.61% |
| State Bank of India | Equity | ₹0.25 Cr | 0.60% |
| Future on Adani Ports & Special Economic Zone Ltd | Equity - Future | ₹-0.22 Cr | 0.54% |
| Adani Ports & Special Economic Zone Ltd | Equity | ₹0.22 Cr | 0.54% |
| Future on Multi Commodity Exchange of India Ltd | Equity - Future | ₹-0.13 Cr | 0.32% |
| Multi Commodity Exchange of India Ltd | Equity | ₹0.13 Cr | 0.32% |
| Future on NTPC Ltd | Equity - Future | ₹-0.12 Cr | 0.30% |
| NTPC Ltd | Equity | ₹0.12 Cr | 0.30% |
| India (Republic of) | Bond - Short-term Government Bills | ₹0.1 Cr | 0.25% |
| 364 DTB | Bond - Gov't/Treasury | ₹0.04 Cr | 0.11% |
| 364 DTB 05062025 | Bond - Gov't/Treasury | ₹0.04 Cr | 0.09% |
Allocation By Credit Quality (Debt)
AAA
Other Allocation
Equity Sector
Debt & Others
| Sector | Amount | Holdings |
|---|---|---|
| Financial Services | ₹7.83 Cr | 19.22% |
| Industrials | ₹5.35 Cr | 13.12% |
| Basic Materials | ₹5.29 Cr | 12.98% |
| Energy | ₹2.93 Cr | 7.19% |
| Communication Services | ₹1.91 Cr | 4.69% |
| Healthcare | ₹1.75 Cr | 4.31% |
| Consumer Cyclical | ₹0.89 Cr | 2.17% |
| Technology | ₹0.7 Cr | 1.72% |
| Real Estate | ₹0.61 Cr | 1.49% |
| Utilities | ₹0.58 Cr | 1.43% |
Risk & Performance Ratios
Standard Deviation
This fund
0.69%
Cat. avg.
0.74%
Lower the better
Sharpe Ratio
This fund
-0.84
Cat. avg.
-0.04
Higher the better
Sortino Ratio
This fund
--
Cat. avg.
0.22
Higher the better
Fund Managers
FR
Firdaus Ragina
Since October 2024
Additional Scheme Detailsas of 31st October 2024
ISIN INF761K01ED3 | Expense Ratio 0.21% | Exit Load No Charges | Fund Size ₹41 Cr | Age 6 years 5 months | Lumpsum Minimum ₹5,000 | Fund Status Open Ended Investment Company | Benchmark NIFTY 50 Arbitrage TR INR |
Investment 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
Capital Gains Taxation:
Dividend Taxation:
Note: As per the Income Tax Budget 2024, mutual funds are subject to capital gains taxation, which includes surcharge and cess based on prevailing income tax rules and the investor’s income. Taxation applies only 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 name | Expense Ratio | Exit Load | Fund size | 1Y  |
|---|---|---|---|---|
| Sundaram Arbitrage Fund Regular Growth Low Risk | 1.0% | 0.0% | ₹221.65 Cr | 7.3% |
| Sundaram Arbitrage Fund Direct Growth Low Risk | 0.3% | 0.0% | ₹221.65 Cr | 7.9% |
| Bank of India Arbitrage Fund Direct Growth Low Risk | 0.2% | 0.0% | ₹40.76 Cr | 7.8% |
| Bank of India Arbitrage Fund Regular Growth Low Risk | 0.9% | 0.0% | ₹40.76 Cr | 7.1% |
| Mirae Asset Arbitrage Fund Direct Growth Low Risk | 0.1% | 0.0% | ₹2839.16 Cr | 8.5% |
| Mirae Asset Arbitrage Fund Regular Growth Low Risk | 0.9% | 0.0% | ₹2839.16 Cr | 7.6% |
| Tata Arbitrage Fund Regular Growth Low Risk | 1.1% | 0.0% | ₹12432.45 Cr | 7.6% |
| Tata Arbitrage Fund Direct Growth Low Risk | 0.3% | 0.0% | ₹12432.45 Cr | 8.5% |
| Mahindra Manulife Arbitrage Fund Direct Growth Low Risk | 0.4% | 0.0% | ₹108.62 Cr | 7.1% |
| Mahindra Manulife Arbitrage Fund Regular Growth Low Risk | 1.2% | 0.0% | ₹108.62 Cr | 6.3% |
About the AMC
BOI Mutual Fund
Total AUM
₹10,514 Cr
Address
B/204, Tower 1, Peninsula Corporate Park, Mumbai, 400 013
Other Funds by BOI Mutual Fund
Risk Level
Your principal amount will be at Low Risk
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We're here to help.
What is the current NAV of Bank of India Arbitrage Fund Direct Growth?
The NAV of Bank of India Arbitrage Fund Direct Growth, as of 21-Nov-2024, is ₹13.84.
What are the returns of Bank of India Arbitrage Fund Direct Growth?
The fund has generated 7.84% over the last 1 year and 5.84% over the last 3 years. However, this does not guarantee that the fund will perform similarly in the future.
What is the portfolio composition of Bank of India Arbitrage Fund Direct Growth?
The fund's allocation of assets is distributed as -0.42% in equities, 6.20% in bonds, and 94.19% in cash and cash equivalents.
Who manages the Bank of India Arbitrage Fund Direct Growth?
The fund managers responsible for Bank of India Arbitrage Fund Direct Growth are:-
- Firdaus Ragina
Disclaimer: Mutual Fund investments are subject to market risks, read all scheme-related documents carefully. The NAVs of the schemes may go up or down depending upon the factors and forces affecting the securities market including the fluctuations in the interest rates. The past performance of the mutual funds is not necessarily indicative of the future performance of the schemes. Investors are requested to review the prospectus carefully and obtain expert professional advice with regard to specific legal, tax and financial implications of the investment/participation in the scheme.
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Mutual Fund distribution services are offered through Dezerv Distribution Services Pvt Limited, a wholly owned subsidiary with AMFI Registration No.: ARN -248439. **Mutual fund investments are subject to market risks, read all scheme related documents carefully.** Terms and conditions of the website are applicable. Privacy policy of the website is applicable.
Dezerv Investments Private Limited is a Portfolio Manager with SEBI Registration no. INP000007377, a member of BSE with SEBI Stock Broker Registration no. INZ000303136, and an Investment Manager to Category - I AIF-VCF-Angel Fund with SEBI Registration no. IN/AIF1/22-23/1066.
Mutual Fund distribution services are offered through Dezerv Distribution Services Pvt Limited, a wholly owned subsidiary with AMFI Registration No.: ARN -248439. **Mutual fund investments are subject to market risks, read all scheme related documents carefully.** Terms and conditions of the website are applicable. Privacy policy of the website is applicable.