About Edelweiss Arbitrage Fund Direct-Dividend Reinvestment
Edelweiss Arbitrage Fund Direct-Dividend Reinvestment is a Balanced
mutual fund scheme from Edelweiss Mutual Fund
. This scheme was launched on 27 Jun 2014 and is currently managed by its fund managers Dhawal Dalal
and Bhavesh Jain
. It has an AUM of ₹3,854.53 Crores and the latest NAV decalared is ₹10.922 as on 23 Oct 2019 at 9:05 pm.
Edelweiss Arbitrage Fund Direct-Dividend Reinvestment scheme return performance in last 1 year is 7.14%, in last 3 years is 22.12% and 46.50% 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.