About the Fund: The fund invests in arbitrage opportunities in the cash and the derivative segments of the equity markets. It aims to capture the spread (Cost of Carry) between the cash and futures market by simultaneously executing buy (in the cash market) and sell (in the futures market) trades. The balance is invested in debt and money market instruments. The fund typically follows a strategy of taking market neutral (equally offsetting) positions in the equity market making it a low risk product irrespective of the movements in equity market.
Category: Arbitrage
Inception Date: 21 December 2006
Equity Portion: Mr. Nemish Sheth (w.e.f. 1st November 2021) &
Debt Portion: Mr. Harshal Joshi (w.e.f. 20th October 2016)
Other Parameter:

Beta Beta is a measure of an investment's volatility vis-a-vis the market. Beta of less than 1 means that the security will be less volatile than the market. A beta of greater than 1 implies that the security's price will be more volatile than the market.	0.68
R Square	0.69
Standard Deviation (Annualized) Standard deviation is a statistical measure of the range of an investment's performance. When a mutual fund has a high standard deviation, its means its range of performance is wide, implying greater volatility.	0.63%
Sharpe* The Sharpe Ratio, named after its founder, the Nobel Laureate William Sharpe, is a measure of risk-adjusted returns. It is calculated using standard deviation and excess return to determine reward per unit of risk.	-3.62
Portfolio Turnover
Equity	4.87
Aggregate^	17.25
Total Expense Ratio
Regular	1.05%
Direct	0.37%

Benchmark: Nifty 50 Arbitrage Index (w.e.f. April 01, 2018)
SIP (Minimum Amount): ₹ 100/-
SIP Frequency: Monthly/Quarterly (w.e.f. 09-11-2022)
SIP Dates (Monthly/Quarterly)^@@: Investor may choose any day of the month except 29th, 30th and 31st as the date of installment.
Investment Objective: Click here
Minimum Investment Amount : ₹ 100/- and any amount thereafter
Option Available: Growth, IDCW^@ - (Payout, Reinvestment and Sweep (from Equity Schemes to Debt Schemes only)) - Monthly & Annual
0.25% if redeemed / switched-out within 1 month from the date of allotment
(w.e.f 01st July 2016)
NAV (₹) as on September 29, 2023

Regular Plan	Growth	28.7231
Regular Plan	Monthly IDCW@	13.0668
Regular Plan	Annual IDCW@	10.9219

^^Ms. Nishita Shah will be managing for Equity overseas investment portion of the scheme & Mr. Sreejith Balasubramanian will be managing overseas for Debt investment portion of the scheme.
^@Income Distribution and Capital Withdrawal
^@@If SIP day falls on a non-business day, the SIP transaction shall be processed on the next business day.

Scheme risk-o-meter

Investors understand that their principal will be at Low risk

This product is suitable for investors who are seeking*

• To generate low volatility returns over short to medium term.
• Investments predominantly in arbitrage opportunities in the cash and derivative segments of the equity markets with balance exposure in debt and money market instruments.

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

Benchmark risk-o-meter

Nifty 50 Arbitrage Index