PGIM India Arbitrage Fund Direct Growth
AlternativeArbitrage FundLow Risk
Direct
NAV (06-Sep-24)
₹18.530.11%1D
Returns (Since Inception)
6.35%
Rated ★4.5+ on 
Fund Overview
Fund Size
₹109 Cr
Expense Ratio
0.37%
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 and 11 days, having been launched on 27-Aug-14.
As of 06-Sep-24, it has a Net Asset Value (NAV) of ₹18.53, Assets Under Management (AUM) of 108.96 Crores, and an expense ratio of 0.37%.
As of 06-Sep-24, it has a Net Asset Value (NAV) of ₹18.53, Assets Under Management (AUM) of 108.96 Crores, and an expense ratio of 0.37%.
- PGIM India Arbitrage Fund Direct Growth has given a CAGR return of 6.35% since inception.
- The fund's asset allocation comprises around -0.36% in equities, 9.35% in debts, and 90.94% 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
+8.02%
+7.56% (Cat Avg.)
3 Years
+6.26%
+5.91% (Cat Avg.)
5 Years
+5.62%
+5.20% (Cat Avg.)
10 Years
+6.34%
+5.92% (Cat Avg.)
Since Inception
+6.35%
— (Cat Avg.)
Portfolio Summaryas of 31st July 2024
| Equity | ₹-0.39 Cr | -0.36% |
| Debt | ₹10.19 Cr | 9.35% |
| Others | ₹99.16 Cr | 91.01% |
Top Holdings
All Holdings
Equity
Debt & Others
| Name | Type  | Amount | Holdings |
|---|---|---|---|
| Net Receivables / (Payables) | Cash | ₹79.83 Cr | 73.27% |
| PGIM India Liquid Dr Pl Gr | Mutual Fund - Open End | ₹14.59 Cr | 13.39% |
| Future on Reliance Industries Ltd | Equity - Future | ₹-9.06 Cr | 8.32% |
| Reliance Industries Ltd | Equity | ₹9.03 Cr | 8.29% |
| Future on ACC Ltd | Equity - Future | ₹-8.27 Cr | 7.59% |
| ACC Ltd | Equity | ₹8.24 Cr | 7.56% |
| Future on Ambuja Cements Ltd | Equity - Future | ₹-7.63 Cr | 7.01% |
| Ambuja Cements Ltd | Equity | ₹7.59 Cr | 6.96% |
| Future on HDFC Bank Ltd | Equity - Future | ₹-5.91 Cr | 5.42% |
| HDFC Bank Ltd | Equity | ₹5.87 Cr | 5.38% |
| Future on Canara Bank | Equity - Future | ₹-5.3 Cr | 4.86% |
| Canara Bank | Equity | ₹5.27 Cr | 4.83% |
| 7.37% Govt Stock 2028 | Bond - Gov't/Treasury | ₹5.1 Cr | 4.68% |
| 7.26% Govt Stock 2033 | Bond - Gov't/Treasury | ₹5.09 Cr | 4.67% |
| Clearing Corporation Of India Ltd. | Cash - Repurchase Agreement | ₹4.24 Cr | 3.90% |
| Future on Aurobindo Pharma Ltd | Equity - Future | ₹-3.96 Cr | 3.63% |
| Aurobindo Pharma Ltd | Equity | ₹3.94 Cr | 3.62% |
| Future on NMDC Ltd | Equity - Future | ₹-3.82 Cr | 3.51% |
| NMDC Ltd | Equity | ₹3.81 Cr | 3.49% |
| Future on Kotak Mahindra Bank Ltd | Equity - Future | ₹-3.78 Cr | 3.47% |
| Kotak Mahindra Bank Ltd | Equity | ₹3.76 Cr | 3.45% |
| Future on Polycab India Ltd | Equity - Future | ₹-3.53 Cr | 3.24% |
| Polycab India Ltd | Equity | ₹3.51 Cr | 3.23% |
| Future on Manappuram Finance Ltd | Equity - Future | ₹-2.96 Cr | 2.72% |
| Manappuram Finance Ltd | Equity | ₹2.95 Cr | 2.71% |
| Future on Sun Pharmaceuticals Industries Ltd | Equity - Future | ₹-2.9 Cr | 2.66% |
| Sun Pharmaceuticals Industries Ltd | Equity | ₹2.89 Cr | 2.65% |
| Future on Piramal Enterprises Ltd | Equity - Future | ₹-2.51 Cr | 2.30% |
| Piramal Enterprises Ltd | Equity | ₹2.5 Cr | 2.29% |
| Future on State Bank of India | Equity - Future | ₹-2.31 Cr | 2.12% |
| State Bank of India | Equity | ₹2.29 Cr | 2.10% |
| Future on Apollo Hospitals Enterprise Ltd | Equity - Future | ₹-1.91 Cr | 1.75% |
| Apollo Hospitals Enterprise Ltd | Equity | ₹1.9 Cr | 1.75% |
| Future on Indian Railway Catering And Tourism Corp Ltd | Equity - Future | ₹-1.82 Cr | 1.67% |
| Indian Railway Catering And Tourism Corp Ltd | Equity | ₹1.81 Cr | 1.67% |
| Future on DLF Ltd | Equity - Future | ₹-1.7 Cr | 1.56% |
| DLF Ltd | Equity | ₹1.69 Cr | 1.55% |
| Indus Towers Ltd. | Equity - Future | ₹-1.48 Cr | 1.36% |
| Indus Towers Ltd Ordinary Shares | Equity | ₹1.47 Cr | 1.35% |
| Future on Glenmark Pharmaceuticals Ltd | Equity - Future | ₹-1.07 Cr | 0.98% |
| Glenmark Pharmaceuticals Ltd | Equity | ₹1.06 Cr | 0.98% |
| Future on Bajaj Finance Ltd | Equity - Future | ₹-1.03 Cr | 0.94% |
| Bajaj Finance Ltd | Equity | ₹1.02 Cr | 0.94% |
| Cipla Ltd | Equity | ₹1 Cr | 0.92% |
| Future on Cipla Ltd | Equity - Future | ₹-1 Cr | 0.92% |
| Future on United Spirits Ltd | Equity - Future | ₹-0.99 Cr | 0.91% |
| United Spirits Ltd | Equity | ₹0.99 Cr | 0.91% |
| Future on Adani Ports & Special Economic Zone Ltd | Equity - Future | ₹-0.89 Cr | 0.81% |
| Adani Ports & Special Economic Zone Ltd | Equity | ₹0.88 Cr | 0.81% |
| Future on InterGlobe Aviation Ltd | Equity - Future | ₹-0.67 Cr | 0.62% |
| InterGlobe Aviation Ltd | Equity | ₹0.67 Cr | 0.62% |
| Future on Axis Bank Ltd | Equity - Future | ₹-0.59 Cr | 0.54% |
| Axis Bank Ltd | Equity | ₹0.58 Cr | 0.54% |
| India (Republic of) | Bond - Short-term Government Bills | ₹0.5 Cr | 0.46% |
| LIC Housing Finance Ltd | Equity | ₹0.46 Cr | 0.42% |
| Future on Larsen & Toubro Ltd | Equity - Future | ₹-0.46 Cr | 0.42% |
| Future on Maruti Suzuki India Ltd | Equity - Future | ₹-0.46 Cr | 0.42% |
| Maruti Suzuki India Ltd | Equity | ₹0.46 Cr | 0.42% |
| Future on LIC Housing Finance Ltd | Equity - Future | ₹-0.46 Cr | 0.42% |
| Larsen & Toubro Ltd | Equity | ₹0.46 Cr | 0.42% |
| Future on LTIMindtree Ltd | Equity - Future | ₹-0.43 Cr | 0.39% |
| LTIMindtree Ltd | Equity | ₹0.42 Cr | 0.39% |
| Future on ITC Ltd | Equity - Future | ₹-0.4 Cr | 0.37% |
| ITC Ltd | Equity | ₹0.4 Cr | 0.36% |
| Future on Granules India Ltd | Equity - Future | ₹-0.38 Cr | 0.35% |
| Granules India Ltd | Equity | ₹0.38 Cr | 0.35% |
| Future on Bank of Baroda | Equity - Future | ₹-0.37 Cr | 0.34% |
| Bank of Baroda | Equity | ₹0.37 Cr | 0.34% |
| Future on Hindustan Petroleum Corp Ltd | Equity - Future | ₹-0.32 Cr | 0.29% |
| Hindustan Petroleum Corp Ltd | Equity | ₹0.32 Cr | 0.29% |
| Future on Aditya Birla Capital Ltd | Equity - Future | ₹-0.25 Cr | 0.23% |
| Aditya Birla Capital Ltd | Equity | ₹0.25 Cr | 0.22% |
| Future on Escorts Kubota Ltd | Equity - Future | ₹-0.23 Cr | 0.21% |
| Escorts Kubota Ltd | Equity | ₹0.23 Cr | 0.21% |
| Future on IndusInd Bank Ltd | Equity - Future | ₹-0.22 Cr | 0.20% |
| IndusInd Bank Ltd | Equity | ₹0.21 Cr | 0.20% |
| Future on Vodafone Idea Ltd | Equity - Future | ₹-0.2 Cr | 0.18% |
| Vodafone Idea Ltd | Equity | ₹0.2 Cr | 0.18% |
| Future on JSW Steel Ltd | Equity - Future | ₹-0.19 Cr | 0.17% |
| JSW Steel Ltd | Equity | ₹0.19 Cr | 0.17% |
| Future on Shriram Finance Ltd | Equity - Future | ₹-0.18 Cr | 0.16% |
| Shriram Finance Ltd | Equity | ₹0.18 Cr | 0.16% |
| Future on HDFC Life Insurance Company Limited | Equity - Future | ₹-0.16 Cr | 0.15% |
| HDFC Life Insurance Company Limited | Equity | ₹0.16 Cr | 0.14% |
| Future on ICICI Lombard General Insurance Co Ltd | Equity - Future | ₹-0.1 Cr | 0.09% |
| ICICI Lombard General Insurance Co Ltd | Equity | ₹0.1 Cr | 0.09% |
| City Union Bank Ltd | Equity | ₹0.09 Cr | 0.08% |
| Future on City Union Bank Ltd | Equity - Future | ₹-0.09 Cr | 0.08% |
Allocation By Credit Quality (Debt)
AAA
Other Allocation
Equity Sector
Debt & Others
| Sector | Amount | Holdings |
|---|---|---|
| Financial Services | ₹26.05 Cr | 23.91% |
| Basic Materials | ₹19.82 Cr | 18.19% |
| Healthcare | ₹11.18 Cr | 10.26% |
| Energy | ₹9.35 Cr | 8.58% |
| Industrials | ₹7.57 Cr | 6.94% |
| Real Estate | ₹1.69 Cr | 1.55% |
| Communication Services | ₹1.67 Cr | 1.53% |
| Consumer Defensive | ₹1.39 Cr | 1.27% |
| Consumer Cyclical | ₹0.46 Cr | 0.42% |
| Technology | ₹0.42 Cr | 0.39% |
Risk & Performance Ratios
Standard Deviation
This fund
0.67%
Cat. avg.
0.76%
Lower the better
Sharpe Ratio
This fund
0.39
Cat. avg.
-0.07
Higher the better
Sortino Ratio
This fund
--
Cat. avg.
0.15
Higher the better
Fund Managers
PP
Puneet Pal
Since April 2022
CC
Chetan Chavan
Since March 2024
Additional Scheme Detailsas of 31st July 2024
ISIN | INF223J013N7 | Expense Ratio | 0.37% | Exit Load | No Charges | Fund Size | ₹109 Cr | Age | 27 Aug 2014 | 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:
- For investments made on or after 1 April 2023: The entire capital gain is added to the investor's income and is taxed based on the applicable income tax slab.
- For investments made before 1 April 2023:
- If sold within 2 years of investment: The capital gains are added to the investor's income and taxed according to the applicable tax slab.
- If sold after 2 years of investment: The capital gains are taxed at a flat rate of 12.5%.
- Holding the units: No tax is applicable as long as you hold the units.
Dividend Taxation:
Dividends are considered part of the investor’s income and are taxed according to their applicable tax slab. Additionally, if an investor’s dividend income exceeds INR 5,000 in a financial year, a 10% Tax Deducted at Source (TDS) is withheld by the fund house before distributing the dividend.
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% | ₹140.56 Cr | 7.4% |
| Sundaram Arbitrage Fund Direct Growth Low Risk | 0.3% | 0.0% | ₹140.56 Cr | 8.0% |
| Bank of India Arbitrage Fund Direct Growth Low Risk | 0.2% | 0.0% | ₹40.88 Cr | 7.7% |
| Bank of India Arbitrage Fund Regular Growth Low Risk | 0.9% | 0.0% | ₹40.88 Cr | 6.9% |
| Mirae Asset Arbitrage Fund Direct Growth Low Risk | 0.2% | 0.0% | ₹2406.03 Cr | 8.5% |
| Mirae Asset Arbitrage Fund Regular Growth Low Risk | 1.0% | 0.0% | ₹2406.03 Cr | 7.6% |
| Tata Arbitrage Fund Regular Growth Low Risk | 1.1% | 0.0% | ₹11915.77 Cr | 7.6% |
| Tata Arbitrage Fund Direct Growth Low Risk | 0.3% | 0.0% | ₹11915.77 Cr | 8.4% |
| Mahindra Manulife Arbitrage Fund Direct Growth Low Risk | 0.4% | 0.0% | ₹98.53 Cr | 7.1% |
| Mahindra Manulife Arbitrage Fund Regular Growth Low Risk | 1.2% | 0.0% | ₹98.53 Cr | 6.2% |
About the AMC
Total AUM
₹25,627 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 06-Sep-2024, is ₹18.53.
What are the returns of PGIM India Arbitrage Fund Direct Growth?
The fund has generated 8.02% over the last 1 year and 6.26% 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 -0.36% in equities, 9.35% in bonds, and 90.94% 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 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.