About BNP Paribas Arbitrage Fund Direct - Growth
BNP Paribas Arbitrage Fund Direct - Growth is a Balanced
mutual fund scheme from BNP Paribas Mutual Fund
. This scheme was launched on 28 Dec 2016 and is currently managed by its fund managers Karthikraj Lakshmanan
and Mayank Prakash
. It has an AUM of ₹681.79 Crores and the latest NAV decalared is ₹12.484 as on 03 Apr 2020 at 12:00 am.
BNP Paribas Arbitrage Fund Direct - Growth scheme return performance in last 1 year is 7.38%, in last 3 years is 22.13% and 24.72% since scheme launch. The min. SIP amount to invest in this scheme is ₹300.
The scheme seeks to generate income and capital appreciation by investing in a combination of diversified portfolio of equity and equity related instruments, including use of equity derivatives strategies and arbitrage opportunities with exposure in debt and fixed income 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.