LIC MF Arbitrage Fund Direct Growth

Fund Overview

Fund Size

₹310 Cr

Expense Ratio

0.34%

ISIN

INF767K01PP0

Minimum SIP

₹500

Exit Load

No Charges

Inception Date

25 Jan 2019

About this fund

LIC MF Arbitrage Fund Direct Growth is a Arbitrage Fund mutual fund schemes offered by LIC Mutual Fund. This fund has been in existence for 5 years, 11 months and 28 days, having been launched on 25-Jan-19.
As of 21-Jan-25, it has a Net Asset Value (NAV) of ₹14.00, Assets Under Management (AUM) of 309.93 Crores, and an expense ratio of 0.34%.

LIC MF Arbitrage Fund Direct Growth has given a CAGR return of 5.78% since inception.
The fund's asset allocation comprises around -0.57% in equities, 5.41% in debts, and 95.11% in cash & cash equivalents.
You can start investing in LIC MF Arbitrage Fund Direct Growth with a SIP of ₹500 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

+7.68%

+7.26% (Cat Avg.)

3 Years

+6.77%

+6.37% (Cat Avg.)

5 Years

+5.67%

+5.34% (Cat Avg.)

Since Inception

+5.78%

— (Cat Avg.)

Portfolio Summaryas of 31st December 2024

Equity	₹-1.76 Cr	-0.57%
Debt	₹16.75 Cr	5.41%
Others	₹294.93 Cr	95.16%

Top Holdings

All Holdings

Equity

Debt & Others

Name	Type	Amount	Holdings
Cash Offset For Derivatives	Cash - General Offset	₹209.54 Cr	67.61%
Treps	Cash - Repurchase Agreement	₹65.97 Cr	21.29%
LIC MF Liquid Dir Gr	Mutual Fund - Open End	₹50.41 Cr	16.27%
Net Receivables / (Payables)	Cash	₹-47.87 Cr	15.45%
Future on Reliance Industries Ltd	Equity - Future	₹-18.11 Cr	5.84%
Reliance Industries Ltd	Equity	₹17.99 Cr	5.80%
LIC MF Low Duration Dir Gr	Mutual Fund - Open End	₹13.67 Cr	4.41%
Future on Bajaj Finance Ltd	Equity - Future	₹-11.99 Cr	3.87%
Bajaj Finance Ltd	Equity	₹11.86 Cr	3.83%
Future on Punjab National Bank	Equity - Future	₹-10.85 Cr	3.50%
Punjab National Bank	Equity	₹10.77 Cr	3.48%
Future on ICICI Bank Ltd	Equity - Future	₹-10.55 Cr	3.40%
ICICI Bank Ltd	Equity	₹10.41 Cr	3.36%
Future on Tata Power Co Ltd	Equity - Future	₹-10.34 Cr	3.34%
Tata Power Co Ltd	Equity	₹10.22 Cr	3.30%
Future on IndusInd Bank Ltd	Equity - Future	₹-9.99 Cr	3.22%
IndusInd Bank Ltd	Equity	₹9.94 Cr	3.21%
Future on Axis Bank Ltd	Equity - Future	₹-9.55 Cr	3.08%
Axis Bank Ltd	Equity	₹9.45 Cr	3.05%
Punjab National Bank ** #	Cash	₹9.32 Cr	3.01%
Future on Bharat Heavy Electricals Ltd	Equity - Future	₹-8.92 Cr	2.88%
Bharat Heavy Electricals Ltd	Equity	₹8.85 Cr	2.86%
Future on GMR Airports Ltd	Equity - Future	₹-8.38 Cr	2.70%
GMR Airports Ltd	Equity	₹8.31 Cr	2.68%
Future on Canara Bank	Equity - Future	₹-7.98 Cr	2.58%
Canara Bank	Equity	₹7.91 Cr	2.55%
Future on Kotak Mahindra Bank Ltd	Equity - Future	₹-7.87 Cr	2.54%
Kotak Mahindra Bank Ltd	Equity	₹7.79 Cr	2.51%
Future on State Bank of India	Equity - Future	₹-6.97 Cr	2.25%
State Bank of India	Equity	₹6.92 Cr	2.23%
Future on Bharat Electronics Ltd	Equity - Future	₹-6.71 Cr	2.17%
Bharat Electronics Ltd	Equity	₹6.68 Cr	2.16%
Future on Bank of Baroda	Equity - Future	₹-6.54 Cr	2.11%
Bank of Baroda	Equity	₹6.47 Cr	2.09%
Shriram Finance Limited	Bond - Corporate Bond	₹5.34 Cr	1.72%
Shriram Finance Limited	Bond - Corporate Bond	₹5.3 Cr	1.71%
Future on Maruti Suzuki India Ltd	Equity - Future	₹-4.86 Cr	1.57%
Maruti Suzuki India Ltd	Equity	₹4.83 Cr	1.56%
Future on HDFC Asset Management Co Ltd	Equity - Future	₹-4.7 Cr	1.51%
HDFC Asset Management Co Ltd	Equity	₹4.66 Cr	1.50%
Future on Tata Motors Ltd	Equity - Future	₹-4.47 Cr	1.44%
Tata Motors Ltd	Equity	₹4.44 Cr	1.43%
Future on Multi Commodity Exchange of India Ltd	Equity - Future	₹-4.11 Cr	1.33%
Multi Commodity Exchange of India Ltd	Equity	₹4.05 Cr	1.31%
Future on Tata Steel Ltd.	Equity - Future	₹-3.9 Cr	1.26%
Tata Steel Ltd	Equity	₹3.87 Cr	1.25%
Future on Bharti Airtel Ltd	Equity - Future	₹-3.72 Cr	1.20%
Bharti Airtel Ltd	Equity	₹3.7 Cr	1.19%
Future on Hindustan Copper Ltd	Equity - Future	₹-3.69 Cr	1.19%
Hindustan Copper Ltd	Equity	₹3.68 Cr	1.19%
Future on HDFC Life Insurance Co Ltd	Equity - Future	₹-2.88 Cr	0.93%
HDFC Life Insurance Co Ltd	Equity	₹2.85 Cr	0.92%
Future on Indian Energy Exchange Ltd	Equity - Future	₹-2.67 Cr	0.86%
Indian Energy Exchange Ltd	Equity	₹2.66 Cr	0.86%
Future on Biocon Ltd	Equity - Future	₹-2.48 Cr	0.80%
Biocon Ltd	Equity	₹2.47 Cr	0.80%
Future on NMDC Ltd	Equity - Future	₹-2.33 Cr	0.75%
NMDC Ltd	Equity	₹2.31 Cr	0.75%
Future on InterGlobe Aviation Ltd	Equity - Future	₹-2.22 Cr	0.72%
Future on DLF Ltd	Equity - Future	₹-2.19 Cr	0.71%
InterGlobe Aviation Ltd	Equity	₹2.19 Cr	0.71%
DLF Ltd	Equity	₹2.18 Cr	0.70%
Future on Aditya Birla Fashion and Retail Ltd	Equity - Future	₹-1.9 Cr	0.61%
Aditya Birla Fashion and Retail Ltd	Equity	₹1.89 Cr	0.61%
Future on Cipla Ltd	Equity - Future	₹-1.7 Cr	0.55%
Cipla Ltd	Equity	₹1.69 Cr	0.55%
Future on Steel Authority Of India Ltd	Equity - Future	₹-1.69 Cr	0.54%
Steel Authority Of India Ltd	Equity	₹1.67 Cr	0.54%
Future on Vedanta Ltd	Equity - Future	₹-1.44 Cr	0.46%
Future on Infosys Ltd	Equity - Future	₹-1.44 Cr	0.46%
Vedanta Ltd	Equity	₹1.43 Cr	0.46%
Infosys Ltd	Equity	₹1.43 Cr	0.46%
Future on Exide Industries Ltd	Equity - Future	₹-1.36 Cr	0.44%
Exide Industries Ltd	Equity	₹1.35 Cr	0.44%
Future on Aditya Birla Capital Ltd	Equity - Future	₹-1.26 Cr	0.41%
Aditya Birla Capital Ltd	Equity	₹1.25 Cr	0.40%
Future on Jio Financial Services Ltd	Equity - Future	₹-1.24 Cr	0.40%
Jio Financial Services Ltd	Equity	₹1.23 Cr	0.40%
Future on Birlasoft Ltd	Equity - Future	₹-1.19 Cr	0.38%
Birlasoft Ltd	Equity	₹1.18 Cr	0.38%
Future on Larsen & Toubro Ltd	Equity - Future	₹-1.03 Cr	0.33%
Larsen & Toubro Ltd	Equity	₹1.03 Cr	0.33%
Future on Indian Bank	Equity - Future	₹-1.01 Cr	0.33%
Indian Bank	Equity	₹1.01 Cr	0.32%
Future on HDFC Bank Ltd	Equity - Future	₹-0.99 Cr	0.32%
HDFC Bank Ltd	Equity	₹0.98 Cr	0.31%
Future on Indian Railway Catering And Tourism Corp Ltd	Equity - Future	₹-0.97 Cr	0.31%
Indian Railway Catering And Tourism Corp Ltd	Equity	₹0.96 Cr	0.31%
Future on Polycab India Ltd	Equity - Future	₹-0.91 Cr	0.29%
Polycab India Ltd	Equity	₹0.91 Cr	0.29%
Future on Dixon Technologies (India) Ltd	Equity - Future	₹-0.9 Cr	0.29%
Dixon Technologies (India) Ltd	Equity	₹0.9 Cr	0.29%
Future on Godrej Properties Ltd	Equity - Future	₹-0.82 Cr	0.26%
Godrej Properties Ltd	Equity	₹0.82 Cr	0.26%
Future on ACC Ltd	Equity - Future	₹-0.75 Cr	0.24%
Future on Titan Co Ltd	Equity - Future	₹-0.75 Cr	0.24%
Titan Co Ltd	Equity	₹0.74 Cr	0.24%
ACC Ltd	Equity	₹0.74 Cr	0.24%
Future on Coal India Ltd	Equity - Future	₹-0.69 Cr	0.22%
Coal India Ltd	Equity	₹0.69 Cr	0.22%
Future on BSE Ltd	Equity - Future	₹-0.67 Cr	0.22%
BSE Ltd	Equity	₹0.67 Cr	0.21%
Future on TVS Motor Co Ltd	Equity - Future	₹-0.58 Cr	0.19%
TVS Motor Co Ltd	Equity	₹0.58 Cr	0.19%
Future on REC Ltd	Equity - Future	₹-0.56 Cr	0.18%
REC Ltd	Equity	₹0.55 Cr	0.18%
Future on Glenmark Pharmaceuticals Ltd	Equity - Future	₹-0.53 Cr	0.17%
Glenmark Pharmaceuticals Ltd	Equity	₹0.52 Cr	0.17%
Future on Trent Ltd	Equity - Future	₹-0.5 Cr	0.16%
Trent Ltd	Equity	₹0.5 Cr	0.16%
Future on Bandhan Bank Ltd	Equity - Future	₹-0.49 Cr	0.16%
Future on Grasim Industries Ltd	Equity - Future	₹-0.49 Cr	0.16%
Bandhan Bank Ltd	Equity	₹0.49 Cr	0.16%
Grasim Industries Ltd	Equity	₹0.49 Cr	0.16%
Future on Power Finance Corp Ltd	Equity - Future	₹-0.47 Cr	0.15%
Power Finance Corp Ltd	Equity	₹0.47 Cr	0.15%
Future on Bharat Forge Ltd	Equity - Future	₹-0.46 Cr	0.15%
Bharat Forge Ltd	Equity	₹0.45 Cr	0.15%
Future on Muthoot Finance Ltd	Equity - Future	₹-0.41 Cr	0.13%
Muthoot Finance Ltd	Equity	₹0.41 Cr	0.13%
Future on JSW Energy Ltd	Equity - Future	₹-0.39 Cr	0.12%
JSW Energy Ltd	Equity	₹0.39 Cr	0.12%
Future on Cholamandalam Investment and Finance Co Ltd	Equity - Future	₹-0.37 Cr	0.12%
Cholamandalam Investment and Finance Co Ltd	Equity	₹0.37 Cr	0.12%
Future on Oil & Natural Gas Corp Ltd	Equity - Future	₹-0.37 Cr	0.12%
Oil & Natural Gas Corp Ltd	Equity	₹0.37 Cr	0.12%
Future on Yes Bank Ltd	Equity - Future	₹-0.36 Cr	0.12%
Yes Bank Ltd	Equity	₹0.36 Cr	0.12%
Future on Hindalco Industries Ltd	Equity - Future	₹-0.34 Cr	0.11%
Hindalco Industries Ltd	Equity	₹0.34 Cr	0.11%
Future on Apollo Hospitals Enterprise Ltd	Equity - Future	₹-0.28 Cr	0.09%
Apollo Hospitals Enterprise Ltd	Equity	₹0.27 Cr	0.09%
Future on City Union Bank Ltd	Equity - Future	₹-0.26 Cr	0.08%
City Union Bank Ltd	Equity	₹0.26 Cr	0.08%
Future on Bajaj Finserv Ltd	Equity - Future	₹-0.24 Cr	0.08%
Bajaj Finserv Ltd	Equity	₹0.24 Cr	0.08%
Future on Britannia Industries Ltd	Equity - Future	₹-0.19 Cr	0.06%
Britannia Industries Ltd	Equity	₹0.19 Cr	0.06%
The Ramco Cements Ltd.	Equity - Future	₹-0.16 Cr	0.05%
Ramco Cements Ltd	Equity	₹0.16 Cr	0.05%
Future on Siemens Ltd	Equity - Future	₹-0.1 Cr	0.03%
Siemens Ltd	Equity	₹0.1 Cr	0.03%
Future on Container Corporation of India Ltd	Equity - Future	₹-0.08 Cr	0.03%
Container Corporation of India Ltd	Equity	₹0.08 Cr	0.03%
Future on Dabur India Ltd	Equity - Future	₹-0.06 Cr	0.02%
Dabur India Ltd	Equity	₹0.06 Cr	0.02%
Future on Power Grid Corp Of India Ltd	Equity - Future	₹-0.06 Cr	0.02%
Power Grid Corp Of India Ltd	Equity	₹0.06 Cr	0.02%
Future on ICICI Prudential Life Insurance Co Ltd	Equity - Future	₹-0.05 Cr	0.02%
ICICI Prudential Life Insurance Co Ltd	Equity	₹0.05 Cr	0.02%
Future on NCC Ltd	Equity - Future	₹-0.05 Cr	0.02%
NCC Ltd	Equity	₹0.05 Cr	0.02%

Allocation By Market Cap (Equity)

Allocation By Credit Quality (Debt)

AAA

Other Allocation

Equity Sector

Debt & Others

Sector	Amount	Holdings
Financial Services	₹104.04 Cr	33.57%
Industrials	₹29.16 Cr	9.41%
Energy	₹19.04 Cr	6.14%
Consumer Cyclical	₹14.79 Cr	4.77%
Basic Materials	₹14.7 Cr	4.74%
Utilities	₹10.67 Cr	3.44%
Healthcare	₹4.95 Cr	1.60%
Communication Services	₹3.7 Cr	1.19%
Technology	₹3.5 Cr	1.13%
Real Estate	₹2.99 Cr	0.97%
Consumer Defensive	₹0.25 Cr	0.08%

Risk & Performance Ratios

Fund Managers

Sumit Bhatnagar

Since October 2023

Pratik Shroff

Since September 2023

Additional Scheme Detailsas of 31st December 2024

ISIN

INF767K01PP0

Expense Ratio

0.34%

Exit Load

No Charges

Fund Size

₹310 Cr

Age

5 years 11 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%	₹234.28 Cr	6.9%
Sundaram Arbitrage Fund Direct Growth Low Risk	0.3%	0.0%	₹234.28 Cr	7.6%
Bank of India Arbitrage Fund Direct Growth Low Risk	0.2%	0.0%	₹39.55 Cr	7.5%
Bank of India Arbitrage Fund Regular Growth Low Risk	0.9%	0.0%	₹39.55 Cr	6.8%
Mirae Asset Arbitrage Fund Direct Growth Low Risk	0.2%	0.0%	₹2930.80 Cr	8.2%
Mirae Asset Arbitrage Fund Regular Growth Low Risk	0.9%	0.0%	₹2930.80 Cr	7.3%
Tata Arbitrage Fund Regular Growth Low Risk	1.1%	0.0%	₹12674.72 Cr	7.4%
Tata Arbitrage Fund Direct Growth Low Risk	0.3%	0.0%	₹12674.72 Cr	8.2%
Mahindra Manulife Arbitrage Fund Direct Growth Low Risk	0.1%	0.0%	₹110.32 Cr	6.9%
Mahindra Manulife Arbitrage Fund Regular Growth Low Risk	0.3%	0.0%	₹110.32 Cr	6.1%

About the AMC

LIC Mutual Fund

+91 022-66016000

https://www.licmf.com/

Total AUM

₹32,557 Cr

Address

4th Floor, Industrial Assurance Building, Mumbai, 400 020

Other Funds by LIC Mutual Fund

Fund name	Expense Ratio	Exit Load	Fund size	1Y
LIC MF Large & Mid Cap Fund Direct Growth Very High Risk	0.6%	1.0%	₹3141.81 Cr	20.9%
LIC MF Aggressive Hybrid Fund Direct Growth Very High Risk	1.4%	1.0%	₹528.91 Cr	12.4%
LIC MF Medium to Long Duration Bond Fund Direct Growth Moderate Risk	0.2%	0.0%	₹181.32 Cr	10.5%
LIC MF Flexi Cap Fund Direct Growth Very High Risk	1.2%	1.0%	₹1062.01 Cr	15.0%
LIC MF Gilt Fund Direct Growth Moderate Risk	0.8%	0.0%	₹101.44 Cr	9.3%
LIC MF Banking & PSU Debt Fund Direct Growth Moderate Risk	0.3%	0.0%	₹1773.20 Cr	8.4%
LIC MF Large Cap Fund Direct Growth Very High Risk	1.0%	1.0%	₹1448.12 Cr	12.9%
LIC MF Low Duration Fund Direct Growth Low to Moderate Risk	0.3%	0.0%	₹1484.67 Cr	7.9%
LIC MF S & P Sensex Index Fund Direct Growth Very High Risk	0.4%	0.0%	₹82.49 Cr	6.6%
LIC MF Nifty 50 Index Fund Direct Growth Very High Risk	0.2%	0.0%	₹314.67 Cr	7.5%
LIC MF Infrastructure Fund Direct Growth Very High Risk	0.6%	1.0%	₹927.50 Cr	35.0%
LIC MF Liquid Plan Direct Growth Low to Moderate Risk	0.2%	0.0%	₹9444.15 Cr	7.4%
LIC MF ELSS Direct Growth Very High Risk	1.0%	0.0%	₹1149.78 Cr	20.3%
LIC MF Short Duration Fund Direct Growth Low to Moderate Risk	0.4%	0.0%	₹113.13 Cr	8.6%
LIC MF Arbitrage Fund Direct Growth Low Risk	0.3%	0.0%	₹309.93 Cr	7.7%
LIC MF Balanced Advantage Fund Direct Growth Very High Risk	0.8%	1.0%	₹792.35 Cr	12.8%
LIC MF Conservative Hybrid Fund Direct Growth Moderately High risk	1.2%	1.0%	₹50.06 Cr	9.2%
LIC MF Banking & Financial Services Fund Direct Growth Very High Risk	1.1%	1.0%	₹256.08 Cr	-0.0%
LIC MF Money Market Fund Direct Growth Low Risk	0.6%	0.0%	₹21.98 Cr	6.5%
LIC MF Overnight Fund Direct Growth Low to Moderate Risk	0.1%	0.0%	₹1846.30 Cr	6.7%
LIC MF Multi Cap Fund Direct Growth Very High Risk	0.6%	1.0%	₹1465.07 Cr	25.2%
LIC MF Ultra Short Duration Fund Direct Growth Moderate Risk	0.3%	0.0%	₹215.37 Cr	7.7%

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 LIC MF Arbitrage Fund Direct Growth?

The NAV of LIC MF Arbitrage Fund Direct Growth, as of 21-Jan-2025, is ₹14.00.

What are the returns of LIC MF Arbitrage Fund Direct Growth?

The fund has generated 7.68% over the last 1 year and 6.77% 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 LIC MF Arbitrage Fund Direct Growth?

The fund's allocation of assets is distributed as -0.57% in equities, 5.41% in bonds, and 95.11% in cash and cash equivalents.

Who manages the LIC MF Arbitrage Fund Direct Growth?

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

Sumit Bhatnagar
Pratik Shroff

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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Fund Overview

Fund Size

₹310 Cr

Expense Ratio

0.34%

ISIN

INF767K01PP0

Minimum SIP

₹500

Exit Load

No Charges

Inception Date

25 Jan 2019

Risk Level

Your principal amount will be at Low Risk