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PGIM India Arbitrage Fund Direct Growth
AlternativeArbitrage FundLow Risk
Direct
NAV (20-Dec-24)
₹18.890.06%1D
Returns (Since Inception)
6.36%
Rated ★4.5+ on 
Fund Overview
Fund Size
₹90 Cr
Expense Ratio
0.35%
ISIN
INF223J013N7
Minimum SIP
₹1,000
Exit Load
No Charges
Inception Date
27 Aug 2014
About this fund
PGIM India Arbitrage Fund Direct Growth is a Arbitrage Fund mutual fund schemes offered by PGIM India Mutual Fund. This fund has been in existence for 10 years, 3 months and 25 days, having been launched on 27-Aug-14.
As of 20-Dec-24, it has a Net Asset Value (NAV) of ₹18.89, Assets Under Management (AUM) of 90.07 Crores, and an expense ratio of 0.35%.
As of 20-Dec-24, it has a Net Asset Value (NAV) of ₹18.89, Assets Under Management (AUM) of 90.07 Crores, and an expense ratio of 0.35%.
- PGIM India Arbitrage Fund Direct Growth has given a CAGR return of 6.36% since inception.
- The fund's asset allocation comprises around -0.39% in equities, 11.38% in debts, and 88.96% in cash & cash equivalents.
- You can start investing in PGIM 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
+7.83%
+7.41% (Cat Avg.)
3 Years
+6.49%
+6.22% (Cat Avg.)
5 Years
+5.65%
+5.27% (Cat Avg.)
10 Years
+6.29%
+5.89% (Cat Avg.)
Since Inception
+6.36%
— (Cat Avg.)
Portfolio Summaryas of 30th November 2024
| Equity | ₹-0.36 Cr | -0.39% |
| Debt | ₹10.25 Cr | 11.38% |
| Others | ₹80.17 Cr | 89.02% |
Top Holdings
All Holdings
Equity
Debt & Others
| Name | Type  | Amount | Holdings |
|---|---|---|---|
| Net Receivables / (Payables) | Cash | ₹56 Cr | 62.18% |
| Clearing Corporation Of India Ltd. | Cash - Repurchase Agreement | ₹12.81 Cr | 14.22% |
| PGIM India Liquid Dr Pl Gr | Mutual Fund - Open End | ₹10.87 Cr | 12.06% |
| Future on Reliance Industries Ltd | Equity - Future | ₹-7.8 Cr | 8.66% |
| Reliance Industries Ltd | Equity | ₹7.75 Cr | 8.61% |
| Future on Ambuja Cements Ltd | Equity - Future | ₹-5.63 Cr | 6.25% |
| Ambuja Cements Ltd | Equity | ₹5.6 Cr | 6.21% |
| 7.26% Govt Stock 2033 | Bond - Gov't/Treasury | ₹5.14 Cr | 5.70% |
| 7.37% Govt Stock 2028 | Bond - Gov't/Treasury | ₹5.11 Cr | 5.67% |
| Future on NTPC Ltd | Equity - Future | ₹-4.83 Cr | 5.36% |
| Future on Titan Co Ltd | Equity - Future | ₹-4.8 Cr | 5.33% |
| NTPC Ltd | Equity | ₹4.8 Cr | 5.33% |
| Titan Co Ltd | Equity | ₹4.78 Cr | 5.30% |
| Future on Tech Mahindra Ltd | Equity - Future | ₹-4.03 Cr | 4.47% |
| Tech Mahindra Ltd | Equity | ₹4.01 Cr | 4.45% |
| Future on Hindalco Industries Ltd | Equity - Future | ₹-3.88 Cr | 4.31% |
| Hindalco Industries Ltd | Equity | ₹3.86 Cr | 4.28% |
| Future on Kotak Mahindra Bank Ltd | Equity - Future | ₹-3.62 Cr | 4.02% |
| Kotak Mahindra Bank Ltd | Equity | ₹3.6 Cr | 4.00% |
| Future on NMDC Ltd | Equity - Future | ₹-3.54 Cr | 3.93% |
| NMDC Ltd | Equity | ₹3.52 Cr | 3.91% |
| Future on Infosys Ltd | Equity - Future | ₹-2.84 Cr | 3.16% |
| Infosys Ltd | Equity | ₹2.82 Cr | 3.14% |
| Future on National Aluminium Co Ltd | Equity - Future | ₹-2.74 Cr | 3.04% |
| National Aluminium Co Ltd | Equity | ₹2.72 Cr | 3.02% |
| Future on Manappuram Finance Ltd | Equity - Future | ₹-2.03 Cr | 2.25% |
| Manappuram Finance Ltd | Equity | ₹2.02 Cr | 2.24% |
| Future on Canara Bank | Equity - Future | ₹-2.01 Cr | 2.23% |
| Canara Bank | Equity | ₹2 Cr | 2.22% |
| Future on Jio Financial Services Ltd | Equity - Future | ₹-1.85 Cr | 2.06% |
| Jio Financial Services Ltd | Equity | ₹1.84 Cr | 2.05% |
| Future on DLF Ltd | Equity - Future | ₹-1.57 Cr | 1.74% |
| DLF Ltd | Equity | ₹1.56 Cr | 1.73% |
| Future on UltraTech Cement Ltd | Equity - Future | ₹-1.46 Cr | 1.62% |
| UltraTech Cement Ltd | Equity | ₹1.46 Cr | 1.62% |
| Future on Punjab National Bank | Equity - Future | ₹-1.35 Cr | 1.50% |
| Punjab National Bank | Equity | ₹1.34 Cr | 1.49% |
| Future on Axis Bank Ltd | Equity - Future | ₹-1.14 Cr | 1.27% |
| Axis Bank Ltd | Equity | ₹1.14 Cr | 1.26% |
| Future on Glenmark Pharmaceuticals Ltd | Equity - Future | ₹-1.11 Cr | 1.24% |
| Glenmark Pharmaceuticals Ltd | Equity | ₹1.11 Cr | 1.23% |
| Future on United Spirits Ltd | Equity - Future | ₹-1.08 Cr | 1.20% |
| Future on State Bank of India | Equity - Future | ₹-1.08 Cr | 1.19% |
| United Spirits Ltd | Equity | ₹1.07 Cr | 1.19% |
| State Bank of India | Equity | ₹1.07 Cr | 1.19% |
| Future on Bank of Baroda | Equity - Future | ₹-0.8 Cr | 0.89% |
| Bank of Baroda | Equity | ₹0.79 Cr | 0.88% |
| 182 DTB 23012025 | Bond - Gov't/Treasury | ₹0.5 Cr | 0.55% |
| Future on InterGlobe Aviation Ltd | Equity - Future | ₹-0.4 Cr | 0.44% |
| InterGlobe Aviation Ltd | Equity | ₹0.39 Cr | 0.44% |
| Future on ITC Ltd | Equity - Future | ₹-0.38 Cr | 0.43% |
| ITC Ltd | Equity | ₹0.38 Cr | 0.42% |
| Future on City Union Bank Ltd | Equity - Future | ₹-0.18 Cr | 0.20% |
| City Union Bank Ltd | Equity | ₹0.18 Cr | 0.20% |
| Future on Hindustan Petroleum Corp Ltd | Equity - Future | ₹-0.16 Cr | 0.17% |
| Hindustan Petroleum Corp Ltd | Equity | ₹0.16 Cr | 0.17% |
| Future on HDFC Life Insurance Co Ltd | Equity - Future | ₹-0.15 Cr | 0.16% |
| HDFC Life Insurance Co Ltd | Equity | ₹0.14 Cr | 0.16% |
| Future on Indian Railway Catering And Tourism Corp Ltd | Equity - Future | ₹-0.14 Cr | 0.16% |
| Indian Railway Catering And Tourism Corp Ltd | Equity | ₹0.14 Cr | 0.16% |
Allocation By Credit Quality (Debt)
AAA
Other Allocation
Equity Sector
Debt & Others
| Sector | Amount | Holdings |
|---|---|---|
| Basic Materials | ₹17.16 Cr | 19.05% |
| Financial Services | ₹14.12 Cr | 15.68% |
| Energy | ₹7.91 Cr | 8.78% |
| Technology | ₹6.83 Cr | 7.58% |
| Utilities | ₹4.8 Cr | 5.33% |
| Consumer Cyclical | ₹4.78 Cr | 5.30% |
| Real Estate | ₹1.56 Cr | 1.73% |
| Consumer Defensive | ₹1.45 Cr | 1.61% |
| Healthcare | ₹1.11 Cr | 1.23% |
| Industrials | ₹0.54 Cr | 0.60% |
Risk & Performance Ratios
Standard Deviation
This fund
0.63%
Cat. avg.
0.73%
Lower the better
Sharpe Ratio
This fund
0.40
Cat. avg.
-0.09
Higher the better
Sortino Ratio
This fund
--
Cat. avg.
0.14
Higher the better
Fund Managers
PP
Puneet Pal
Since April 2022
CC
Chetan Chavan
Since March 2024
Additional Scheme Detailsas of 30th November 2024
ISIN INF223J013N7 | Expense Ratio 0.35% | Exit Load No Charges | Fund Size ₹90 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 | 1.0% | 0.0% | ₹230.53 Cr | 7.2% |
| Sundaram Arbitrage Fund Direct Growth Low Risk | 0.3% | 0.0% | ₹230.53 Cr | 7.8% |
| Bank of India Arbitrage Fund Direct Growth Low Risk | 0.2% | 0.0% | ₹41.05 Cr | 7.8% |
| Bank of India Arbitrage Fund Regular Growth Low Risk | 0.9% | 0.0% | ₹41.05 Cr | 7.0% |
| Mirae Asset Arbitrage Fund Direct Growth Low Risk | 0.1% | 0.0% | ₹3061.15 Cr | 8.3% |
| Mirae Asset Arbitrage Fund Regular Growth Low Risk | 0.9% | 0.0% | ₹3061.15 Cr | 7.5% |
| Tata Arbitrage Fund Regular Growth Low Risk | 1.1% | 0.0% | ₹12589.05 Cr | 7.5% |
| Tata Arbitrage Fund Direct Growth Low Risk | 0.3% | 0.0% | ₹12589.05 Cr | 8.4% |
| Mahindra Manulife Arbitrage Fund Direct Growth Low Risk | 0.4% | 0.0% | ₹106.53 Cr | 7.1% |
| Mahindra Manulife Arbitrage Fund Regular Growth Low Risk | 1.2% | 0.0% | ₹106.53 Cr | 6.2% |
About the AMC
PGIM India Mutual Fund
Total AUM
₹24,631 Cr
Address
Nirlon House, 2nd Floor, Mumbai, 400 030
Other Funds by PGIM India Mutual Fund
Risk Level
Your principal amount will be at Low Risk
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What is the current NAV of PGIM India Arbitrage Fund Direct Growth?
The NAV of PGIM India Arbitrage Fund Direct Growth, as of 20-Dec-2024, is ₹18.89.
What are the returns of PGIM India Arbitrage Fund Direct Growth?
The fund has generated 7.83% over the last 1 year and 6.49% 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 PGIM India Arbitrage Fund Direct Growth?
The fund's allocation of assets is distributed as -0.39% in equities, 11.38% in bonds, and 88.96% in cash and cash equivalents.
Who manages the PGIM India Arbitrage Fund Direct Growth?
The fund managers responsible for PGIM India Arbitrage Fund Direct Growth are:-
- Puneet Pal
- Chetan Chavan
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.