About Aditya Birla Sun Life Arbitrage Fund Direct-Growth
Aditya Birla Sun Life Arbitrage Fund Direct-Growth is a Balanced
mutual fund scheme from Aditya Birla Sun Life Mutual Fund
. This scheme was launched on 01 Jan 2013 and is currently managed by its fund manager Lovelish Solanki
. It has an AUM of ₹5,149.87 Crores and the latest NAV decalared is ₹20.477 as on 20 Nov 2019 at 10:05 pm.
Aditya Birla Sun Life Arbitrage Fund Direct-Growth scheme return performance in last 1 year is 6.90%, in last 3 years is 21.42% and 66.71% since scheme launch. The min. SIP amount to invest in this scheme is ₹1000.
About Fund Category
Arbitrage fund leverages on the price differential of an asset (like stocks) in the cash and derivatives market to deliver low volatility returns. Being hybrid in nature, they are allowed to invest a significant portion towards equity and equity related instruments. Due to this, the capital gains from arbitrage funds are taxed in the same way as equity funds.