ITI Arbitrage Fund

(An open ended scheme investing in arbitrage opportunities)

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:0.97% 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):
9.09
AAUM (in Rs. Cr):
9.31

Average Maturity:
3 Day
Macaulay Duration:
3 Day
Modified Duration:
3 Day
Yield to Maturity:
5.87%

Standard Deviation^:
1.10%
Beta^:
0.26
Sharpe Ratio^*:
-3.08
* Risk free rate: 6.17 (Source: FIMMDA MIBOR)
^Scheme has not completed 3 year s hence NA

Regular Plan (in Rs.)
Direct Plan (in Rs.)
Growth:
10.8964
11.1517
IDCW:
10.8964
11.1517

Name of the Instrument
% to NAV
% to NAV Derivatives

Equity & Equity Related Total

67.33

-67.58

Automobile and Auto Components

5.83

-5.84

Maruti Suzuki India Limited

5.83

-5.84

Capital Goods

1.68

-1.68

Siemens Limited

1.68

-1.68

Consumer Durables

1.47

-1.48

Asian Paints Limited

1.47

-1.48

Fast Moving Consumer Goods

2.84

-2.86

Marico Limited

2.84

-2.86

Financial Services

27.24

-27.35

Bajaj Finance Limited

7.06

-7.09

Housing Development Finance Corporation Limited

4.53

-4.55

ICICI Bank Limited

3.91

-3.93

HDFC Life Insurance Company Limited

3.21

-3.22

HDFC Bank Limited

2.58

-2.59

Canara Bank

2.04

-2.05

Axis Bank Limited

1.94

-1.94

IndusInd Bank Limited

1.17

-1.18

Kotak Mahindra Bank Limited

0.80

-0.80

Information Technology

11.17

-11.17

Tata Consultancy Services Limited

4.46

-4.47

MphasiS Limited

2.41

-2.42

HCL Technologies Limited

2.15

-2.14

Tech Mahindra Limited

1.33

-1.34

Birlasoft Limited

0.81

-0.81

Metals & Mining

7.60

-7.64

Adani Enterprises Limited

7.60

-7.64

Power

1.61

-1.62

Tata Power Company Limited

1.61

-1.62

Services

7.90

-7.95

Adani Ports and Special Economic Zone Limited

7.90

-7.95

Short Term Debt & Net Current Assets

32.67

 

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

Value of Investment of 10,000
Period
Fund Returns (%)
Benchmark Returns (%)
Additional Benchmark
Returns (%)
Fund
()
Benchmark
()
Additional Benchmark ()
Regular - Growth
Last 1 Year
2.22%
3.75%
3.18%
10,222
10,375
10,318
Last 3 Years
2.80%
3.54%
4.48%
10,864
11,102
11,406
Since Inception
2.84%
3.55%
4.55%
10,896
11,128
11,459
Direct - Growth
Last 1 Year
3.01%
3.75%
3.18%
10,301
10,375
10,318
Last 3 Years
3.58%
3.54%
4.48%
11,113
11,102
11,406
Since Inception
3.63%
3.55%
4.55%
11,152
11,128
11,459

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 (Since 18-Jan-21). Mr. Rohan Korde (Since 29-Apr-22). Inception date of the scheme (09-Sep-19). Face Value per unit: Rs. 10.

Period
Amount Invested
Fund Value
()
Fund Returns
(%)
Benchmark
Value ()
Benchmark
Returns (%)
Additional Benchmark
Value ()
Additional Benchmark
Returns (%)
Regular - Growth
Last 1 Year
120000
121523
2.37%
122441
3.80%
122165
3.37%
Last 3 Years
360000
373665
2.44%
380543
3.64%
381014
3.72%
Since Inception
360000
373665
2.44%
380543
3.64%
381014
3.72%
Direct - Growth
Last 1 Year
120000
122034
3.16%
122441
3.80%
122165
3.37%
Last 3 Years
360000
378132
3.22%
380543
3.64%
381014
3.72%
Since Inception
360000
378132
3.22%
380543
3.64%
381014
3.72%

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).

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.

Face Value per Unit: Rs. 10 unless other wise specified; Data is as of September 30, 2022 unless other wise specified.

Mutual Fund investments are subject to market risks, read all scheme related documents carefully