About BOI AXA Arbitrage Fund Direct - Growth
BOI AXA Arbitrage Fund Direct - Growth is a Balanced
mutual fund scheme from BOI AXA Mutual Fund
. This scheme was launched on 18 Jun 2018 and is currently managed by its fund manager Ajay Khandelwal
. It has an AUM of ₹78.30 Crores and the latest NAV decalared is ₹10.873 as on 17 Oct 2019 at 9:05 pm.
BOI AXA Arbitrage Fund Direct - Growth scheme return performance in last 1 year is 6.40%, is 8.62% since scheme launch. The min. SIP amount to invest in this scheme is ₹500.
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.