Bandhan Arbitrage Fund§
An open ended scheme investing in arbitrage opportunities
Bandhan Arbitrage Fund§
An open ended scheme investing in arbitrage opportunities.
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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:
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 (₹) February 29, 2024
^^Ms. Ritika Behera will be managing for Equity overseas
investment portion of the scheme w.e.f. October 07, 2023
& 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.
Category: Arbitrage
Monthly Avg AUM 
: ₹ 5,621.18 Crores
: ₹ 5,621.18 Crores
AUM or assets under management refers to the recent / updated cumulative market value of investments managed by a mutual fund or any investment firm.
Monthly end AUM : ₹ 5,767.97 Crores
: ₹ 5,767.97 Crores
AUM or assets under management refers to the recent / updated cumulative market value of investments managed by a mutual fund or any investment firm.
Fund Manager^^ :
:
An employee of the asset management company such as a mutual fund or life insurer, who manages investments of the scheme. He is usually part of a larger team of fund managers and research analysts.
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. | 0.78 |
| R Square | 0.76 |
| 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. | 0.66% |
| 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. | -2.38 |
| Portfolio Turnover | |
| Equity | 5.30 |
| Aggregate^ | 17.89 |
| Total Expense Ratio | |
| Regular | 1.10% |
| Direct | 0.37% |
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
Exit Load :
:
Exit load is charged at the time an investor redeems the units of a mutual fund. The exit load is deducted from the prevailing NAV at the time of redemption. For instance, if the NAV is ₹ 100 and the exit load is 1%, the redemption price would be ₹ 99 per unit.
(w.e.f 01st July 2016)
NAV (₹) February 29, 2024
| Regular Plan | Growth | 29.5923 |
| Regular Plan | Monthly IDCW@ | 13.1824 |
| Regular Plan | Annual IDCW@ | 11.2524 |
@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.
| Name | Industries | % of NAV |
| HDFC Bank | Banks | 6.00% |
| Reliance Industries | Petroleum Products | 2.83% |
| Adani Enterprises | Metals & Minerals Trading | 2.72% |
| Vedanta | Diversified Metals | 1.80% |
| IndusInd Bank | Banks | 1.55% |
| ITC | Diversified FMCG | 1.41% |
| Bharat Electronics | Aerospace & Defense | 1.38% |
| Bajaj Finance | Finance | 1.36% |
| Zee Entertainment Enterprises | Entertainment | 1.21% |
| Kotak Mahindra Bank | Banks | 1.20% |
| Tata Consultancy Services | IT - Software | 1.18% |
| Larsen & Toubro | Construction | 1.07% |
| Cholamandalam Invt and Fin Co | Finance | 1.07% |
| Hindustan Petroleum Corporation | Petroleum Products | 1.06% |
| Tata Consumer Products | Agricultural Food & other Products | 1.01% |
| Indian Railway Catering And Tourism Corporation | Leisure Services | 0.94% |
| Bharti Airtel | Telecom - Services | 0.91% |
| Shriram Finance | Finance | 0.88% |
| Indus Towers | Telecom - Services | 0.87% |
| Abbott India | Pharmaceuticals & Biotechnology | 0.86% |
| Max Financial Services | Insurance | 0.84% |
| HDFC Life Insurance Company | Insurance | 0.84% |
| Canara Bank | Banks | 0.79% |
| State Bank of India | Banks | 0.78% |
| Hindustan Aeronautics | Aerospace & Defense | 0.77% |
| Dabur India | Personal Products | 0.73% |
| Container Corporation of India | Transport Services | 0.71% |
| Bank of Baroda | Banks | 0.71% |
| Multi Commodity Exchange of India | Capital Markets | 0.65% |
| Glenmark Pharmaceuticals | Pharmaceuticals & Biotechnology | 0.65% |
| Others | 27.81% | |
| Equity Total | 66.57% | |
| Equity Futures | ||
| Gujarat Gas - Equity Futures | Gas | -0.001% |
| Syngene International - Equity Futures | Healthcare Services | -0.003% |
| Mahindra & Mahindra - Equity Futures | Automobiles | -0.004% |
| JK Cement - Equity Futures | Cement & Cement Products | -0.004% |
| ICICI Prudential Life Insurance Company - Equity Futures | Insurance | -0.004% |
| Coromandel International - Equity Futures | Fertilizers & Agrochemicals | -0.01% |
| Can Fin Homes - Equity Futures | Finance | -0.01% |
| Laurus Labs - Equity Futures | Pharmaceuticals & Biotechnology | -0.01% |
| Eicher Motors - Equity Futures | Automobiles | -0.01% |
| Grasim Industries - Equity Futures | Cement & Cement Products | -0.01% |
| Coforge - Equity Futures | IT - Software | -0.02% |
| Page Industries - Equity Futures | Textiles & Apparels | -0.02% |
| Nestle India - Equity Futures | Food Products | -0.02% |
| Ashok Leyland - Equity Futures | Agricultural, Commercial & Construction Vehicles | -0.02% |
| IPCA Laboratories - Equity Futures | Pharmaceuticals & Biotechnology | -0.03% |
| Bharat Forge - Equity Futures | Industrial Products | -0.03% |
| LTIMindtree - Equity Futures | IT - Software | -0.03% |
| Granules India - Equity Futures | Pharmaceuticals & Biotechnology | -0.03% |
| Hindalco Industries - Equity Futures | Non - Ferrous Metals | -0.04% |
| The Ramco Cements - Equity Futures | Cement & Cement Products | -0.04% |
| Wipro - Equity Futures | IT - Software | -0.04% |
| ICICI Bank - Equity Futures | Banks | -0.04% |
| NMDC - Equity Futures | Minerals & Mining | -0.05% |
| Godrej Consumer Products - Equity Futures | Personal Products | -0.05% |
| United Breweries - Equity Futures | Beverages | -0.05% |
| Mahanagar Gas - Equity Futures | Gas | -0.05% |
| Marico - Equity Futures | Agricultural Food & other Products | -0.05% |
| Polycab India - Equity Futures | Industrial Products | -0.05% |
| HCL Technologies - Equity Futures | IT - Software | -0.05% |
| Havells India - Equity Futures | Consumer Durables | -0.06% |
| DLF - Equity Futures | Realty | -0.06% |
| Siemens - Equity Futures | Electrical Equipment | -0.06% |
| L&T Finance Holdings - Equity Futures | Finance | -0.06% |
| Torrent Pharmaceuticals - Equity Futures | Pharmaceuticals & Biotechnology | -0.07% |
| Bajaj Finserv - Equity Futures | Finance | -0.07% |
| Lupin - Equity Futures | Pharmaceuticals & Biotechnology | -0.07% |
| Colgate Palmolive (India) - Equity Futures | Personal Products | -0.07% |
| REC - Equity Futures | Finance | -0.08% |
| Voltas - Equity Futures | Consumer Durables | -0.08% |
| Tata Steel - Equity Futures | Ferrous Metals | -0.08% |
| Metropolis Healthcare - Equity Futures | Healthcare Services | -0.09% |
| United Spirits - Equity Futures | Beverages | -0.09% |
| Dixon Technologies (India) - Equity Futures | Consumer Durables | -0.09% |
| Indian Energy Exchange - Equity Futures | Capital Markets | -0.09% |
| Astral - Equity Futures | Industrial Products | -0.10% |
| Jubilant Foodworks - Equity Futures | Leisure Services | -0.10% |
| Navin Fluorine International - Equity Futures | Chemicals & Petrochemicals | -0.10% |
| L&T Technology Services - Equity Futures | IT - Services | -0.11% |
| Piramal Enterprises - Equity Futures | Finance | -0.12% |
| Balrampur Chini Mills - Equity Futures | Agricultural Food & other Products | -0.13% |
| InterGlobe Aviation - Equity Futures | Transport Services | -0.14% |
| ICICI Lombard General Insurance Company - Equity Futures | Insurance | -0.14% |
| Escorts Kubota - Equity Futures | Agricultural, Commercial & Construction Vehicles | -0.15% |
| PVR INOX - Equity Futures | Entertainment | -0.15% |
| Chambal Fertilizers & Chemicals - Equity Futures | Fertilizers & Agrochemicals | -0.15% |
| Info Edge (India) - Equity Futures | Retailing | -0.15% |
| Indian Oil Corporation - Equity Futures | Petroleum Products | -0.16% |
| UPL - Equity Futures | Fertilizers & Agrochemicals | -0.16% |
| Deepak Nitrite - Equity Futures | Chemicals & Petrochemicals | -0.17% |
| SBI Life Insurance Company - Equity Futures | Insurance | -0.17% |
| Tata Communications - Equity Futures | Telecom - Services | -0.18% |
| ACC - Equity Futures | Cement & Cement Products | -0.18% |
| Power Grid Corporation of India - Equity Futures | Power | -0.18% |
| Power Finance Corporation - Equity Futures | Finance | -0.19% |
| Asian Paints - Equity Futures | Consumer Durables | -0.19% |
| Gujarat Narmada Valley Fertilizers and Chemicals - Equity Futures | Chemicals & Petrochemicals | -0.20% |
| Sun Pharmaceutical Industries - Equity Futures | Pharmaceuticals & Biotechnology | -0.20% |
| Maruti Suzuki India - Equity Futures | Automobiles | -0.20% |
| JSW Steel - Equity Futures | Ferrous Metals | -0.20% |
| RBL Bank - Equity Futures | Banks | -0.21% |
| Apollo Hospitals Enterprise - Equity Futures | Healthcare Services | -0.22% |
| PI Industries - Equity Futures | Fertilizers & Agrochemicals | -0.22% |
| Sun TV Network - Equity Futures | Entertainment | -0.22% |
| The India Cements - Equity Futures | Cement & Cement Products | -0.24% |
| Cummins India - Equity Futures | Industrial Products | -0.25% |
| Trent - Equity Futures | Retailing | -0.26% |
| Name | Industries | % of NAV |
| Tech Mahindra - Equity Futures | IT - Software | -0.26% |
| Dalmia Bharat - Equity Futures | Cement & Cement Products | -0.26% |
| Crompton Greaves Consumer Electricals - Equity Futures | Consumer Durables | -0.27% |
| LIC Housing Finance - Equity Futures | Finance | -0.28% |
| Divi's Laboratories - Equity Futures | Pharmaceuticals & Biotechnology | -0.28% |
| TVS Motor Company - Equity Futures | Automobiles | -0.28% |
| Birlasoft - Equity Futures | IT - Software | -0.29% |
| Dr. Lal Path Labs - Equity Futures | Healthcare Services | -0.29% |
| Hindustan Unilever - Equity Futures | Diversified FMCG | -0.29% |
| Pidilite Industries - Equity Futures | Chemicals & Petrochemicals | -0.29% |
| Axis Bank - Equity Futures | Banks | -0.30% |
| Manappuram Finance - Equity Futures | Finance | -0.30% |
| Ambuja Cements - Equity Futures | Cement & Cement Products | -0.30% |
| Samvardhana Motherson International - Equity Futures | Auto Components | -0.30% |
| The Federal Bank - Equity Futures | Banks | -0.32% |
| SRF - Equity Futures | Chemicals & Petrochemicals | -0.33% |
| ABB India - Equity Futures | Electrical Equipment | -0.34% |
| Tata Motors - Equity Futures | Automobiles | -0.35% |
| Aditya Birla Capital - Equity Futures | Finance | -0.38% |
| Oberoi Realty - Equity Futures | Realty | -0.38% |
| IDFC - Equity Futures | Finance | -0.38% |
| AU Small Finance Bank - Equity Futures | Banks | -0.39% |
| National Aluminium Company - Equity Futures | Non - Ferrous Metals | -0.40% |
| Aurobindo Pharma - Equity Futures | Pharmaceuticals & Biotechnology | -0.40% |
| Infosys - Equity Futures | IT - Software | -0.40% |
| Coal India - Equity Futures | Consumable Fuels | -0.41% |
| Hindustan Copper - Equity Futures | Non - Ferrous Metals | -0.41% |
| NTPC - Equity Futures | Power | -0.42% |
| Oracle Financial Services Software - Equity Futures | IT - Software | -0.42% |
| Tata Power Company - Equity Futures | Power | -0.42% |
| Biocon - Equity Futures | Pharmaceuticals & Biotechnology | -0.43% |
| Balkrishna Industries - Equity Futures | Auto Components | -0.44% |
| Adani Ports and Special Economic Zone - Equity | FuturesTransport Infrastructure | -0.45% |
| Steel Authority of India - Equity Futures | Ferrous Metals | -0.45% |
| Petronet LNG - Equity Futures | Gas | -0.46% |
| Britannia Industries - Equity Futures | Food Products | -0.48% |
| GAIL (India) - Equity Futures | Gas | -0.50% |
| Aarti Industries - Equity Futures | Chemicals & Petrochemicals | -0.51% |
| Oil & Natural Gas Corporation - Equity Futures | Oil | -0.52% |
| Bharat Petroleum Corporation - Equity Futures | Petroleum Products | -0.52% |
| City Union Bank - Equity Futures | Banks | -0.52% |
| Godrej Properties - Equity Futures | Realty | -0.53% |
| Exide Industries - Equity Futures | Auto Components | -0.54% |
| Titan Company - Equity Futures | Consumer Durables | -0.56% |
| Bosch - Equity Futures | Auto Components | -0.56% |
| Aditya Birla Fashion and Retail - Equity Futures | Retailing | -0.57% |
| MphasiS - Equity Futures | IT - Software | -0.58% |
| Jindal Steel & Power - Equity Futures | Ferrous Metals | -0.60% |
| Shree Cement - Equity Futures | Cement & Cement Products | -0.64% |
| Vodafone Idea - Equity Futures | Telecom - Services | -0.64% |
| Glenmark Pharmaceuticals - Equity Futures | Pharmaceuticals & Biotechnology | -0.65% |
| Multi Commodity Exchange of India - Equity Futures | Capital Markets | -0.65% |
| Bank of Baroda - Equity Futures | Banks | -0.71% |
| Container Corporation of India - Equity Futures | Transport Services | -0.72% |
| Dabur India - Equity Futures | Personal Products | -0.73% |
| Hindustan Aeronautics - Equity Futures | Aerospace & Defense | -0.78% |
| State Bank of India - Equity Futures | Banks | -0.78% |
| Canara Bank- Equity Futures | Banks | -0.80% |
| HDFC Life Insurance Company - Equity Futures | Insurance | -0.84% |
| Max Financial Services - Equity Futures | Insurance | -0.85% |
| Abbott India - Equity Futures | Pharmaceuticals & Biotechnology | -0.86% |
| Indus Towers - Equity Futures | Telecom - Services | -0.87% |
| Shriram Finance - Equity Futures | Finance | -0.88% |
| Bharti Airtel - Equity Futures | Telecom - Services | -0.91% |
| Indian Railway Catering And Tourism Corporation - Equity Futures | Leisure Services | -0.94% |
| Tata Consumer Products - Equity Futures | Agricultural Food & other Products | -1.02% |
| Cholamandalam Invt and Fin Co - Equity Futures | Finance | -1.07% |
| Hindustan Petroleum Corporation - Equity Futures | Petroleum Products | -1.07% |
| Larsen & Toubro - Equity Futures | Construction | -1.08% |
| Tata Consultancy Services - Equity Futures | IT - Software | -1.19% |
| Kotak Mahindra Bank - Equity Futures | Banks | -1.21% |
| Zee Entertainment Enterprises - Equity Futures | Entertainment | -1.22% |
| Bajaj Finance - Equity Futures | Finance | -1.36% |
| Bharat Electronics - Equity Futures | Aerospace & Defense | -1.39% |
| ITC - Equity Futures | Diversified FMCG | -1.42% |
| IndusInd Bank - Equity Futures | Banks | -1.55% |
| Vedanta - Equity Futures | Diversified Metals | -1.81% |
| Adani Enterprises - Equity Futures | Metals & Minerals Trading | -2.74% |
| Reliance Industries - Equity Futures | Petroleum Products | -2.85% |
| HDFC Bank - Equity Futures | Banks | -6.07% |
| Equity Futures Total | -67.05% | |
| Mutual Fund Units | ||
| Bandhan Money Manager Treasury | 12.02% | |
| Bandhan Ultra Short Term Fund | 3.08% | |
| Mutual Fund Units Total | 15.09% | |
| Corporate Bond | ||
| NABARD | AAA | 2.54% |
| Kotak Mahindra Prime | AAA | 1.80% |
| Bajaj Finance | AAA | 1.04% |
| Power Finance Corporation | AAA | 0.86% |
| NABARD | AAA | 0.86% |
| Bajaj Finance | AAA | 0.52% |
| Bajaj Finance | AAA | 0.43% |
| NABARD | AAA | 0.43% |
| HDFC Bank | AAA | 0.43% |
| NABARD | AAA | 0.43% |
| Small Industries Dev Bank of India | AAA | 0.43% |
| Small Industries Dev Bank of India | AAA | 0.43% |
| NABARD | AAA | 0.42% |
| NTPC | AAA | 0.09% |
| NABARD | AAA | 0.09% |
| NABARD | AAA | 0.09% |
| REC | AAA | 0.09% |
| Corporate Bond Total | 10.97% | |
| PTC^ | ||
| First Business Receivables Trust | Commercial Services & Supplies | 0.27% |
| PTC Total | 0.27% | |
| Government Bond | ||
| 5.22% - 2025 G-Sec | SOV | 0.08% |
| Government Bond Total | 0.08% | |
| Net Cash and Cash Equivalent | 7.01% | |
| Grand Total | 100.00% | |
| ^First Business Receivables Trust- wt. avg. mat: 0.46 years (PTC originated by Reliance Industries Limited) | ||
| Banks | 12.79% |
| Finance | 5.14% |
| Petroleum Products | 4.57% |
| IT - Software | 3.27% |
| Pharmaceuticals & Biotechnology | 3.00% |
| Metals & Minerals Trading | 2.72% |
| Telecom - Services | 2.58% |
| Aerospace & Defense | 2.16% |
| Insurance | 1.99% |
| Auto Components | 1.83% |
| Diversified Metals | 1.80% |
| Diversified FMCG | 1.70% |
| Cement & Cement Products | 1.66% |
| Chemicals & Petrochemicals | 1.59% |
| Entertainment | 1.58% |
| Ferrous Metals | 1.32% |
| Consumer Durables | 1.23% |
| Agricultural Food & other Products | 1.19% |
| Construction | 1.07% |
| Leisure Services | 1.03% |
| Power | 1.02% |
| Gas | 1.00% |
| Retailing | 0.97% |
| Realty | 0.96% |
| Transport Services | 0.85% |
| Personal Products | 0.85% |
| Non - Ferrous Metals | 0.84% |
| Automobiles | 0.84% |
| Capital Markets | 0.74% |
| Healthcare Services | 0.59% |
| Fertilizers & Agrochemicals | 0.54% |
| Oil | 0.51% |
| Food Products | 0.50% |
| Transport Infrastructure | 0.45% |
| Industrial Products | 0.42% |
| Consumable Fuels | 0.41% |
| Electrical Equipment | 0.40% |
| Agricultural, Commercial & Construction Vehicles | 0.17% |
| Beverages | 0.14% |
| IT - Services | 0.11% |
| Minerals & Mining | 0.05% |
| Textiles & Apparels | 0.02% |
Performance based on NAV as on 29/02/2024. Past performance may or may not be sustained in future.
The performances given are of regular plan growth option.
Click here for other funds managed by the fund manager and refer to the respective fund pages
#Benchmark Returns. ##Alternate Benchmark Returns.
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
Regular and Direct Plans have different expense structure. Direct Plan shall have a lower expense ratio excluding distribution expenses, commission expenses etc.
*Risk-free rate assumed to be 6.80% (FBIL OVERNIGHT MIBOR as on 29th February 2024). Ratios calculated on the basis of 3 years history of monthly data.
^Portfolio Turnover ratio is calculated as Lower of purchase or sale during the period / Average AUM for the last one year (includes Fixed Income securities and Equity derivatives).
§With effect from 13th April 2023, the name of "IDFC Arbitrage Fund" has changed to "Bandhan Arbitrage Fund"
Ms. Ritika Behera has been designated as the dedicated fund manager for managing the overseas exposure in equity segment for all equity oriented schemes and hybrid schemes of Bandhan Mutual Fund ("the Fund") with effect from October 07, 2023.
