ITI Arbitrage Fund

CATEGORY OF SCHEME	Arbitrage Fund
INVESTMENT OBJECTIVE	The investment objective of the Scheme is to generate income by predominantly investing in arbitrage opportunities in the cash and the derivative segments of the equity markets and the arbitrage opportunities available within the derivative segment and by investing the balance in debt and money market instruments. However, there is no assurance that the investment objective of the scheme will be realized.
Inception Date (Date of Allotment):	09-Sep-19
Benchmark:	Nifty 50 Arbitrage Index
Minimum Application Amount:	Rs.5,000/- and in multiples of Rs. 1/- thereafter
Load Structure:	Entry Load: Nil Exit Load: If the Units are redeemed / switched out on or before 30 days from the date of allotment - 0.25% If the Unit s are redeemed /switched out after 30 days from the date of allotment - NIL
Total Expense Ratio (TER):	Including Additional Expenses and Goods and Service Tax on Management Fees Regular Plan: 0.95% Direct Plan: 0.22%
Fund Manager	Mr. Vikrant Mehta (Since 18-Jan-21) Total Experience: 28 years Mr. Rohan Korde (Since 29-Apr-22) Total Experience: 19 years

AUM (in Rs. Cr):	4.74
AAUM (in Rs. Cr):	5.70

Average Maturity:	2 Days
Macaulay Duration:	2 Days
Modified Duration:	2 Days
Yield to Maturity:	6.77%

Standard Deviation^:	1.02%
Beta^:	0.76
Sharpe Ratio^*:	-4.04
* Risk free rate: 6.90 (Source: FIMMDA MIBOR)

	Regular Plan (in Rs.)	Direct Plan (in Rs.)
Growth:	11.1480	11.4585
IDCW:	11.1480	11.4585

Name of the Instrument	% to NAV	% to NAV Derivatives
Equity & Equity Related Total	71.83	-72.18
Automobile and Auto Components	8.43	-8.48
Tata Motors Limited	5.63	-5.67
Maruti Suzuki India Limited	2.80	-2.82
Capital Goods	3.09	-3.11
Siemens Limited	3.09	-3.11
Consumer Services	4.42	-4.44
The Indian Hotels Company Limited	4.42	-4.44
Fast Moving Consumer Goods	1.58	-1.59
United Spirits Limited	1.58	-1.59
Financial Services	37.73	-37.89
ICICI Bank Limited	8.37	-8.42
IDFC Limited	7.15	-7.20
Max Financial Services Limited	6.10	-6.11
L&T Finance Holdings Limited	5.38	-5.42
REC Limited	5.17	-5.19
HDFC Bank Limited	3.02	-3.00
Manappuram Finance Limited	2.54	-2.54
Healthcare	4.18	-4.20
Sun Pharmaceutical Industries Limited	2.25	-2.26
Cipla Limited	1.92	-1.94
Information Technology	1.63	-1.64
Infosys Limited	1.63	-1.64
Metals & Mining	4.75	-4.76
Jindal Steel & Power Limited	4.75	-4.76
Power	4.79	-4.81
NTPC Limited	4.79	-4.81
Telecommunication	1.24	-1.24
Bharti Airtel Limited	1.24	-1.24
Mutual Fund Units	22.86
ITI Liquid Fund - Direct Plan - Growth Option	22.86
Short Term Debt & Net Current Assets	5.31

	Zero credit risk on Arbitrage investments
	Lowest risk product in Equity segment
	Tax efficient returns with low volatility
	Fully hedged portfolio
	Ideal investment option for investors with short to medium term investment horizon
	Better liquidity
	Alternate option to Traditional Investment
	Market neutral strategy

Past performance may or may not be sustained in future. Different Plans i.e. Regular Plan and Direct Plan under the scheme have different expense structure. Benchmark: Nifty 50 Arbitrage Index Additional Benchmark: CRISIL 1 Year T-Bill Index. Fund Managers: Mr. Vikrant Mehta from (Managing since 18-Jan-21). Mr. Rohan Korde (Managing since 29-Apr-22). Inception date of the scheme (09-Sep-19). Face Value per unit: Rs. 10.

Past performance may or may not be sustained in future. Different Plans i.e. Regular Plan and Direct Plan under the scheme have different expense structure. Benchmark: Nifty 50 Arbitrage Index Additional Benchmark: CRISIL 1 Year T-Bill Index. For SIP returns, monthly investment of Rs.10,000 invested on the 1st business day of every month has been considered. CAGR Returns (%) are computed after accounting for the cash flow by using the XIRR method (investment internal rate of return).
Disclaimer - Fund SIP Performance
The performance details provided herein are of Growth option under Direct and Regular Plans. The Fund(s) offer Systematic Investment Plan (SIP) facility. To illustrate the advantages of SIP investments, this is how your investments would have grown if you had invested say Rs. 10,000 systematically on the first Business Day of every month over a period of time in the Growth Option of respective scheme. The returns are calculated by XIRR approach assuming investment of 10,000/- on the 1st working day of every month. XIRR helps in calculating return on investments given an initial and final value and a series of cash inflows and outflows with correct allowance for the time impact of the transactions.

THIS PRODUCT IS SUITABLE FOR INVESTORS WHO ARE SEEKING^

• To generate income by predominantly investing in arbitrage opportunities
• Investments predominantly in arbitrage opportunities in the cash and derivative segments of the equity markets and the arbitrage opportunities available within the derivative segment and by investing the balance in debt and money market instruments

^Investors should consult their financial advisers if in doubt about whether the product is suitable for them.

Riskometer of the Scheme

---

Riskometer of the Primary Benchmark Nifty 50 Arbitrage Index