About Essel Arbitrage Fund Direct - Dividend Monthly Payout
Essel Arbitrage Fund Direct - Dividend Monthly Payout is a Balanced
mutual fund scheme from Essel Mutual Fund
. This scheme was launched on 28 Aug 2018 and is currently managed by its fund managers Archit Shah
and Pradeep Sukte
. It has an AUM of ₹0.53 Crores and the latest NAV decalared is ₹10.780 as on 07 Apr 2020 at 11:00 pm.
Essel Arbitrage Fund Direct - Dividend Monthly Payout scheme return performance in last 1 year is 3.86%, is 7.84% 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.