Data as on 30th April 2024

Bank Of India ARBITRAGE FUND

  • Fund Type : An open ended scheme investing in arbitrage opportunities
    Entry Load : Nil
    Date of Allotment : June 18, 2018
    Features : Liquity SIP SWP STP
  • Benchmark :
    NIFTY 50 Arbitrage Index
    Exit Load :
    • For Redemption/switch out - of up to 10% of the initial units allotted -within 30 days from the date of allotment : Nil
    • Any Redemption/Switch out - in excess of the above mentioned limit would be subject to an exit load of 0.50%, if the units are switched out within 30 days from the date of allotment of units
    • If the units are redeemed/switched out after 30 days from the date of allotment of units : Nil

Investment Objective

The Scheme seeks to generate income through arbitrage opportunities between cash and derivative segments of the equity market and arbitrage opportunities within the derivative segment and by deployment of surplus cash in debt securities and money market instruments. However, there is no assurance or guarantee that the investment objective of the scheme will be realized

Fund Manager

  • Mr. Firdaus Ragina
    Alok Singh  
    See detail

Fund Highlights

  • An open ended scheme investing in arbitrage opportunities between cash and futures prices of exchange traded equities
  • Suitable for investors with an investment horizon of 3 to 6 months
  • Enjoys similar risk-return profile as liquid fund with tax advantage of an equity fund - Opportunity for Superior post tax returns as compared to a Liquid Fund
  • All positions are completely hedged – No directional exposure to equity markets; hence Arbitrage Funds carry no Market Risk
  • Click here for KIM
  • Click here for SID

Riskometer

Scheme Riskometer:

The above Riskometer is based on the portfolio as on April, 2024

This product is suitable for investors who are seeking*:

  • Income over short to medium term.
  • Income through arbitrage opportunities between cash and derivative segments of the equity market and arbitrage opportunities within the derivative segment.

Benchmark Riskometer : Nifty 50 Arbitrage Index:

Top 10 Portfolio Holdings

Portfolio Details % to Net Assets
Bank of India Mutual Fund 18.8%
Government of India 8.5%
Indian Oil Corporation Limited 4.6%
Canara Bank 4.6%
HDFC Bank Limited 4.4%
Hindustan Aeronautics Limited 4.2%
Bank of Baroda 4.2%
Adani Enterprises Limited 4.1%
Indus Towers Limited 3.9%
Reliance Industries Limited 3.0%

Who should invest?

  • Risk-averse individuals
  • Those who want to leverage market inefficiencies
  • Retail / HNIs / Cash Rich Corporates looking for short term deployment of surplus funds
  • Those looking for investment opportunities that provide risk-return profile like liquid fund along with tax advantages of an equity fund
  • Investors seeking higher post tax returns than Liquid and Ultra Short Term Funds

Why should you invest?

  • Investing in arbitrage between cash and futures market
  • Timely unwind existing trades & enter new trades to enhance portfolio returns
  • Superior post tax returns opportunity
  • Complete hedging with no market risk
  • No credit risk
  • Scheme
  • Benchmark

Fund Performance

Total Expense Ratio

IDCW History(Regular Plan- Annual IDCW)

Record Date IDCW (₹/Unit)
27-April-2020 0.05385541
27-April-2020 0.05385543
26-May-2020 0.04345086
26-May-2020 0.04345088
CLICK HERE TO VIEW THE IDCW HISTORY
TRANSACT ONLINE