About Axis Arbitrage Fund Direct - Growth
Axis Arbitrage Fund Direct - Growth is a Balanced
mutual fund scheme from Axis Mutual Fund
. This scheme was launched on 14 Aug 2014 and is currently managed by its fund managers Devang Shah
and Viresh Joshi
. It has an AUM of ₹2,421.44 Crores and the latest NAV decalared is ₹14.987 as on 03 Jun 2020 at 3:07 am.
Axis Arbitrage Fund Direct - Growth scheme return performance in last 1 year is 6.34%, in last 3 years is 21.78% and 49.59% since scheme launch. The min. SIP amount to invest in this scheme is ₹1000.
The scheme aims to generate income through low volatility absolute return strategies that take advantage of opportunities in the cash and the derivative segments of the equity markets including the arbitrage opportunities available within the derivative segment, by using other derivative based strategies and by investing the balance in debt and money market instruments.
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.