HSBC Arbitrage Fund Direct Growth

Fund Overview

Fund Size

₹2,458 Cr

Expense Ratio

0.27%

ISIN

INF917K01QR5

Minimum SIP

₹1,000

Exit Load

No Charges

Inception Date

30 Jun 2014

About this fund

HSBC Arbitrage Fund Direct Growth is a Arbitrage Fund mutual fund schemes offered by HSBC Mutual Fund. This fund has been in existence for 10 years, 3 months and 17 days, having been launched on 30-Jun-14.
As of 16-Oct-24, it has a Net Asset Value (NAV) of ₹19.31, Assets Under Management (AUM) of 2458.04 Crores, and an expense ratio of 0.27%.

HSBC Arbitrage Fund Direct Growth has given a CAGR return of 6.60% since inception.
The fund's asset allocation comprises around 77.71% in equities, 8.30% in debts, and 13.98% in cash & cash equivalents.
You can start investing in HSBC 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

+7.95%

+7.30% (Cat Avg.)

3 Years

+6.55%

+5.85% (Cat Avg.)

5 Years

+5.92%

+5.17% (Cat Avg.)

10 Years

+6.54%

+5.90% (Cat Avg.)

Since Inception

+6.60%

— (Cat Avg.)

Portfolio Summaryas of 30th September 2024

Equity	₹1,910.07 Cr	77.71%
Debt	₹204.01 Cr	8.30%
Others	₹343.96 Cr	13.99%

Top Holdings

All Holdings

Equity

Debt & Others

Name	Type	Amount	Holdings
Bank of Baroda	Equity	₹176.93 Cr	7.20%
Reliance Industries Ltd	Equity	₹115.47 Cr	4.70%
HSBC Money Market Dir Gr	Mutual Fund - Open End	₹111.32 Cr	4.53%
HDFC Bank Ltd	Equity	₹100.69 Cr	4.10%
India (Republic of)	Bond - Short-term Government Bills	₹97.65 Cr	3.97%
HSBC Ultra Short Duration Gr Dir	Mutual Fund - Open End	₹86.73 Cr	3.53%
Vedanta Ltd	Equity	₹73.1 Cr	2.97%
Laurus Labs Ltd	Equity	₹71.56 Cr	2.91%
Bandhan Bank Ltd	Equity	₹69.73 Cr	2.84%
Kotak Mahindra Bank Ltd	Equity	₹67.48 Cr	2.75%
Tata Power Co Ltd	Equity	₹58.18 Cr	2.37%
Bharat Heavy Electricals Ltd	Equity	₹51.62 Cr	2.10%
364 DTB 14112024	Bond - Gov't/Treasury	₹49.62 Cr	2.02%
Punjab National Bank	Cash - CD/Time Deposit	₹48.74 Cr	1.98%
Steel Authority Of India Ltd	Equity	₹45.91 Cr	1.87%
Hindustan Aeronautics Ltd Ordinary Shares	Equity	₹45.75 Cr	1.86%
Biocon Ltd	Equity	₹43.94 Cr	1.79%
IndusInd Bank Ltd	Equity	₹41.98 Cr	1.71%
Indian Energy Exchange Ltd	Equity	₹40.29 Cr	1.64%
Tata Communications Ltd	Equity	₹37.68 Cr	1.53%
Dixon Technologies (India) Ltd	Equity	₹37.13 Cr	1.51%
Canara Bank	Equity	₹36.6 Cr	1.49%
364 DTB 05122024	Bond - Gov't/Treasury	₹34.61 Cr	1.41%
Aditya Birla Fashion and Retail Ltd	Equity	₹34.59 Cr	1.41%
Crompton Greaves Consumer Electricals Ltd	Equity	₹32.14 Cr	1.31%
Havells India Ltd	Equity	₹27.88 Cr	1.13%
REC Ltd	Equity	₹27.39 Cr	1.11%
RBL Bank Ltd	Equity	₹26.35 Cr	1.07%
Indus Towers Ltd Ordinary Shares	Equity	₹26.29 Cr	1.07%
364 DTB 17102024	Bond - Gov't/Treasury	₹24.93 Cr	1.01%
364 DTB 02052025	Bond - Gov't/Treasury	₹24.59 Cr	1.00%
India (Republic of)	Bond - Short-term Government Bills	₹24.44 Cr	0.99%
HDFC Bank Limited	Cash - CD/Time Deposit	₹24.39 Cr	0.99%
Aditya Birla Capital Ltd	Equity	₹24.24 Cr	0.99%
Gujarat Narmada Valley Fertilizers & Chemicals Ltd	Equity	₹23.19 Cr	0.94%
PI Industries Ltd	Equity	₹22.58 Cr	0.92%
Grasim Industries Ltd	Equity	₹22.5 Cr	0.92%
Bajaj Finance Ltd	Equity	₹21.18 Cr	0.86%
NMDC Ltd	Equity	₹21.16 Cr	0.86%
Oberoi Realty Ltd	Equity	₹20.4 Cr	0.83%
LTIMindtree Ltd	Equity	₹20.23 Cr	0.82%
City Union Bank Ltd	Equity	₹19.18 Cr	0.78%
Vodafone Idea Ltd	Equity	₹18.69 Cr	0.76%
MRF Ltd	Equity	₹18.35 Cr	0.75%
DLF Ltd	Equity	₹18.02 Cr	0.73%
Manappuram Finance Ltd	Equity	₹17.7 Cr	0.72%
Chambal Fertilisers & Chemicals Ltd	Equity	₹15.79 Cr	0.64%
Dabur India Ltd	Equity	₹15.63 Cr	0.64%
Muthoot Finance Ltd	Equity	₹15.31 Cr	0.62%
Petronet LNG Ltd	Equity	₹15.16 Cr	0.62%
Net Current Assets (Including Cash & Bank Balances)	Cash	₹14.33 Cr	0.58%
Tata Steel Ltd	Equity	₹13.07 Cr	0.53%
Alkem Laboratories Ltd	Equity	₹12.35 Cr	0.50%
Exide Industries Ltd	Equity	₹11.76 Cr	0.48%
Navin Fluorine International Ltd	Equity	₹11.68 Cr	0.48%
Berger Paints India Ltd	Equity	₹11.17 Cr	0.45%
Zydus Lifesciences Ltd	Equity	₹10.96 Cr	0.45%
Nestle India Ltd	Equity	₹10.81 Cr	0.44%
Container Corporation of India Ltd	Equity	₹10.29 Cr	0.42%
Atul Ltd	Equity	₹10.15 Cr	0.41%
Cholamandalam Investment and Finance Co Ltd	Equity	₹9.65 Cr	0.39%
Polycab India Ltd	Equity	₹9.22 Cr	0.37%
Max Financial Services Ltd	Equity	₹9.15 Cr	0.37%
Indian Oil Corp Ltd	Equity	₹9.13 Cr	0.37%
IndiaMART InterMESH Ltd	Equity	₹8.86 Cr	0.36%
Dr Reddy's Laboratories Ltd	Equity	₹8.52 Cr	0.35%
HDFC Asset Management Co Ltd	Equity	₹8.38 Cr	0.34%
Lupin Ltd	Equity	₹8.38 Cr	0.34%
Granules India Ltd	Equity	₹8.04 Cr	0.33%
Treps	Cash - Repurchase Agreement	₹6.63 Cr	0.27%
Hindustan Petroleum Corp Ltd	Equity	₹6.33 Cr	0.26%
Power Finance Corp Ltd	Equity	₹6.22 Cr	0.25%
Mphasis Ltd	Equity	₹5.88 Cr	0.24%
State Bank of India	Equity	₹5.73 Cr	0.23%
Escorts Kubota Ltd	Equity	₹5.52 Cr	0.22%
Godrej Properties Ltd	Equity	₹4.91 Cr	0.20%
United Spirits Ltd	Equity	₹4.9 Cr	0.20%
Indian Hotels Co Ltd	Equity	₹4.66 Cr	0.19%
Tata Chemicals Ltd	Equity	₹4.2 Cr	0.17%
InterGlobe Aviation Ltd	Equity	₹4.17 Cr	0.17%
NTPC Ltd	Equity	₹4.06 Cr	0.16%
Adani Ports & Special Economic Zone Ltd	Equity	₹4 Cr	0.16%
Infosys Ltd	Equity	₹3.9 Cr	0.16%
Tata Motors Ltd	Equity	₹3.86 Cr	0.16%
Marico Ltd	Equity	₹3.76 Cr	0.15%
UPL Ltd	Equity	₹2.71 Cr	0.11%
Pidilite Industries Ltd	Equity	₹2.6 Cr	0.11%
SRF Ltd	Equity	₹2.15 Cr	0.09%
Coal India Ltd	Equity	₹2.14 Cr	0.09%
Hindalco Industries Ltd	Equity	₹2.12 Cr	0.09%
ITC Ltd	Equity	₹2.07 Cr	0.08%
Power Grid Corp Of India Ltd	Equity	₹2.03 Cr	0.08%
Dalmia Bharat Ltd	Equity	₹2.02 Cr	0.08%
Bharat Forge Ltd	Equity	₹1.82 Cr	0.07%
Cummins India Ltd	Equity	₹1.48 Cr	0.06%
Bharat Electronics Ltd	Equity	₹1.14 Cr	0.05%
Aurobindo Pharma Ltd	Equity	₹1.04 Cr	0.04%
Wipro Ltd	Equity	₹0.97 Cr	0.04%
National Aluminium Co Ltd	Equity	₹0.95 Cr	0.04%
Larsen & Toubro Ltd	Equity	₹0.94 Cr	0.04%
SBI Cards and Payment Services Ltd Ordinary Shares	Equity	₹0.93 Cr	0.04%
LIC Housing Finance Ltd	Equity	₹0.93 Cr	0.04%
TVS Motor Co Ltd	Equity	₹0.89 Cr	0.04%
Info Edge (India) Ltd	Equity	₹0.85 Cr	0.03%
Abbott India Ltd	Equity	₹0.82 Cr	0.03%
Oil & Natural Gas Corp Ltd	Equity	₹0.8 Cr	0.03%
Hindustan Copper Ltd	Equity	₹0.73 Cr	0.03%
Axis Bank Ltd	Equity	₹0.69 Cr	0.03%
Page Industries Ltd	Equity	₹0.64 Cr	0.03%
Bharat Petroleum Corp Ltd	Equity	₹0.6 Cr	0.02%
Piramal Enterprises Ltd	Equity	₹0.58 Cr	0.02%
HDFC Life Insurance Co Ltd	Equity	₹0.55 Cr	0.02%
Titan Co Ltd	Equity	₹0.47 Cr	0.02%
Siemens Ltd	Equity	₹0.44 Cr	0.02%
Eicher Motors Ltd	Equity	₹0.35 Cr	0.01%
Tata Consumer Products Ltd	Equity	₹0.33 Cr	0.01%
Persistent Systems Ltd	Equity	₹0.33 Cr	0.01%
Ramco Cements Ltd	Equity	₹0.29 Cr	0.01%
GAIL (India) Ltd	Equity	₹0.22 Cr	0.01%
Cipla Ltd	Equity	₹0.22 Cr	0.01%
Astral Ltd	Equity	₹0.15 Cr	0.01%
ICICI Prudential Life Insurance Co Ltd	Equity	₹0.12 Cr	0.00%
ABB India Ltd	Equity	₹0.1 Cr	0.00%
SBI Life Insurance Co Ltd	Equity	₹0.07 Cr	0.00%
Aarti Industries Ltd	Equity	₹0.06 Cr	0.00%
Ambuja Cements Ltd	Equity	₹0.06 Cr	0.00%

Allocation By Market Cap (Equity)

Allocation By Credit Quality (Debt)

AAA

Other Allocation

Equity Sector

Debt & Others

Sector	Amount	Holdings
Financial Services	₹728.05 Cr	29.62%
Basic Materials	₹288.21 Cr	11.73%
Healthcare	₹165.83 Cr	6.75%
Industrials	₹162.67 Cr	6.62%
Energy	₹149.64 Cr	6.09%
Consumer Cyclical	₹109.54 Cr	4.46%
Communication Services	₹92.37 Cr	3.76%
Technology	₹68.44 Cr	2.78%
Utilities	₹64.49 Cr	2.62%
Real Estate	₹43.32 Cr	1.76%
Consumer Defensive	₹37.5 Cr	1.53%

Risk & Performance Ratios

Fund Managers

Kapil Punjabi

Since May 2024

Mahesh Chhabria

Since July 2023

Praveen Ayathan

Since June 2014

Hitesh Gondhia

Since October 2023

Additional Scheme Detailsas of 30th September 2024

ISIN

INF917K01QR5

Expense Ratio

0.27%

Exit Load

No Charges

Fund Size

₹2,458 Cr

Age

10 years 3 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	0.9%	0.0%	₹158.29 Cr	7.0%
Sundaram Arbitrage Fund Direct Growth Low Risk	0.3%	0.0%	₹158.29 Cr	7.7%
Bank of India Arbitrage Fund Direct Growth Low Risk	0.2%	0.0%	₹34.52 Cr	7.5%
Bank of India Arbitrage Fund Regular Growth Low Risk	0.9%	0.0%	₹34.52 Cr	6.8%
Mirae Asset Arbitrage Fund Direct Growth Low Risk	0.2%	0.0%	₹2772.50 Cr	8.2%
Mirae Asset Arbitrage Fund Regular Growth Low Risk	1.0%	0.0%	₹2772.50 Cr	7.4%
Tata Arbitrage Fund Regular Growth Low Risk	1.1%	0.0%	₹11671.92 Cr	7.4%
Tata Arbitrage Fund Direct Growth Low Risk	0.3%	0.0%	₹11671.92 Cr	8.2%
Mahindra Manulife Arbitrage Fund Direct Growth Low Risk	0.4%	0.0%	₹105.24 Cr	6.8%
Mahindra Manulife Arbitrage Fund Regular Growth Low Risk	1.2%	0.0%	₹105.24 Cr	6.0%

About the AMC

HSBC Mutual Fund

+91 22 66145000

https://www.assetmanagement.hsbc.co.in/en/mutual-funds

Total AUM

₹1,26,584 Cr

Address

16, V N Road, Mumbai, 400 001

Other Funds by HSBC Mutual Fund

Fund name	Expense Ratio	Exit Load	Fund size	1Y
HSBC Consumption Fund Direct Growth Very High Risk	0.7%	1.0%	₹1621.52 Cr	51.8%
HSBC Balanced Advantage Fund Direct Growth Moderately High risk	0.8%	1.0%	₹1509.80 Cr	24.7%
HSBC Infrastructure Fund Direct Growth Very High Risk	1.0%	1.0%	₹2790.49 Cr	55.0%
HSBC Aggressive Hybrid Fund Direct Growth Very High Risk	0.8%	1.0%	₹5848.73 Cr	36.1%
HSBC Value Fund Direct Growth Very High Risk	0.8%	1.0%	₹14123.13 Cr	49.9%
HSBC Credit Risk Fund Direct Growth Moderately High risk	0.9%	3.0%	₹577.83 Cr	8.1%
HSBC Banking & PSU Debt Direct Growth Low to Moderate Risk	0.2%	0.0%	₹4204.44 Cr	7.9%
HSBC Midcap Fund Direct Growth Very High Risk	0.7%	1.0%	₹12280.21 Cr	62.8%
HSBC ELSS Fund Direct Growth Very High Risk	1.1%	0.0%	₹4485.23 Cr	51.7%
HSBC Equity Savings Fund Direct Growth Moderately High risk	0.6%	0.0%	₹477.96 Cr	27.8%
HSBC Low Duration Fund Direct Growth Low to Moderate Risk	0.2%	0.0%	₹437.41 Cr	8.0%
HSBC Short Duration Fund Direct Growth Moderate Risk	0.3%	0.0%	₹3760.66 Cr	8.6%
HSBC Corporate Bond Fund Direct Growth Low to Moderate Risk	0.3%	0.0%	₹6562.21 Cr	9.1%
HSBC Dynamic Bond Fund Direct Growth Moderate Risk	0.2%	0.0%	₹158.95 Cr	10.8%
HSBC Money Market Fund Direct Growth Low to Moderate Risk	0.2%	0.0%	₹1884.40 Cr	7.7%
HSBC Gilt Fund Direct Growth Moderate Risk	0.5%	0.0%	₹218.09 Cr	11.7%
HSBC Medium Duration Direct Growth Moderate Risk	0.4%	0.0%	₹834.00 Cr	9.5%
HSBC Focused Fund Direct Growth Very High Risk	0.9%	1.0%	₹1823.73 Cr	41.7%
HSBC Business Cycles Fund Direct Growth Very High Risk	1.2%	1.0%	₹1003.45 Cr	58.7%
HSBC Overnight Fund Direct Growth Low Risk	0.1%	0.0%	₹3203.79 Cr	6.8%
HSBC Conservative Hybrid Fund Direct Growth Moderately High risk	1.3%	0.0%	₹130.27 Cr	20.1%
HSBC Large Cap Fund Direct Growth Very High Risk	1.2%	1.0%	₹2015.36 Cr	37.7%
HSBC Global Emerging Markets Fund Direct Growth Very High Risk	1.6%	1.0%	₹34.96 Cr	22.8%
HSBC Brazil Fund Direct Growth Very High Risk	1.9%	1.0%	₹40.73 Cr	0.7%
HSBC Medium to Long Duration Fund Direct Growth Moderate Risk	0.7%	0.0%	₹47.38 Cr	10.4%
HSBC Liquid Fund Direct Growth Low to Moderate Risk	0.1%	0.0%	₹20271.80 Cr	7.5%
HSBC Flexi Cap Fund Direct Growth Very High Risk	1.1%	1.0%	₹5077.97 Cr	47.7%
HSBC Tax Saver Equity Fund Direct Growth Very High Risk	1.6%	0.0%	₹256.46 Cr	46.8%
HSBC Ultra Short Duration Fund Direct Growth Low to Moderate Risk	0.2%	0.0%	₹3386.52 Cr	7.7%
HSBC CRISIL IBX 50:50 Gilt Plus SDL Apr 2028 Index Fund Direct Growth Moderate Risk	0.2%	0.0%	₹1888.28 Cr	9.2%
HSBC Small Cap Fund Direct Growth Very High Risk	0.7%	1.0%	₹17306.21 Cr	46.2%
HSBC Global Equity Climate Change Fund of Fund Direct Growth Very High Risk	1.4%	1.0%	₹83.14 Cr	25.3%
HSBC Managed Solutions India Conservative Direct Growth Moderately High risk	0.5%	1.0%	₹25.33 Cr	12.2%
HSBC Managed Solutions India Moderate Direct Growth High Risk	0.9%	1.0%	₹60.65 Cr	28.7%
HSBC Managed Solutions India Growth Direct Growth Very High Risk	1.0%	1.0%	₹45.54 Cr	33.5%
HSBC CRISIL IBX Gilt June 2027 Index Fund Direct Growth Low to Moderate Risk	0.2%	0.0%	₹194.10 Cr	8.9%
HSBC Arbitrage Fund Direct Growth Low Risk	0.3%	0.0%	₹2458.04 Cr	8.0%
HSBC Nifty Next 50 Index Fund Direct Growth Very High Risk	0.3%	1.0%	₹140.13 Cr	66.7%
HSBC Nifty 50 Index Fund Direct Growth Very High Risk	0.2%	1.0%	₹302.01 Cr	27.7%
HSBC Large & Mid Cap Fund Direct Growth Very High Risk	0.9%	1.0%	₹3638.62 Cr	52.4%
HSBC Multi Cap Fund Direct Growth Very High Risk	0.6%	1.0%	₹4239.39 Cr	52.6%
HSBC Asia Pacific (Ex Japan) Dividend Yield Fund Direct Growth Very High Risk	1.7%	1.0%	₹7.03 Cr	28.8%

Risk Level

Your principal amount will be at Low Risk

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Still got questions?
We're here to help.

What is the current NAV of HSBC Arbitrage Fund Direct Growth?

The NAV of HSBC Arbitrage Fund Direct Growth, as of 16-Oct-2024, is ₹19.31.

What are the returns of HSBC Arbitrage Fund Direct Growth?

The fund has generated 7.95% over the last 1 year and 6.55% 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 HSBC Arbitrage Fund Direct Growth?

The fund's allocation of assets is distributed as 77.71% in equities, 8.30% in bonds, and 13.98% in cash and cash equivalents.

Who manages the HSBC Arbitrage Fund Direct Growth?

The fund managers responsible for HSBC Arbitrage Fund Direct Growth are:-

Kapil Punjabi
Mahesh Chhabria
Praveen Ayathan
Hitesh Gondhia

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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HSBC Arbitrage Fund Direct Growth

Fund Overview