About Edelweiss Arbitrage Fund Direct - Dividend Monthly Reinvestment
Edelweiss Arbitrage Fund Direct - Dividend Monthly Reinvestment is a Balanced
mutual fund scheme from Edelweiss Mutual Fund
. This scheme was launched on 21 Jun 2017 and is currently managed by its fund managers Dhawal Dalal
and Bhavesh Jain
. It has an AUM of ₹3,955.33 Crores and the latest NAV decalared is ₹12.394 as on 27 Mar 2020 at 9:00 pm.
Edelweiss Arbitrage Fund Direct - Dividend Monthly Reinvestment scheme return performance in last 1 year is 7.33%, in last 3 years is 22.26% and 20.13% 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.