IDFC Arbitrage Fund Direct-Dividend Monthly is a Balanced mutual fund scheme from IDFC Mutual Fund. This scheme was launched on 01 Jan 2013 and is currently managed by its fund managers Arpit Kapoor, Yogik Pitti and Harshal Joshi. It has an AUM of ₹10,890.80 Crores and the latest NAV decalared is ₹13.259 as on 15 Nov 2019 at 9:05 pm.
IDFC Arbitrage Fund Direct-Dividend Monthly scheme return performance in last 1 year is 7.12%, in last 3 years is 21.83% and 66.24% since scheme launch. The min. SIP amount to invest in this scheme is ₹100.
01 Jan 2013
The scheme aims to generate capital appreciation and income by predominantly investing in arbitrage opportunities in the cash and the derivative segments of the equity markets and the arbitrage opportunities available within the derivative segment and by investing the balance in debt and money market 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.