About Indiabulls Arbitrage Fund Direct - Growth
Indiabulls Arbitrage Fund Direct - Growth is a Balanced
mutual fund scheme from Indiabulls Mutual Fund
. This scheme was launched on 19 Dec 2014 and is currently managed by its fund managers Vikrant Mehta
and Veekesh Gandhi
. It has an AUM of ₹35.74 Crores and the latest NAV decalared is ₹14.222 as on 24 Jan 2020 at 8:45 pm.
Indiabulls Arbitrage Fund Direct - Growth scheme return performance in last 1 year is 6.55%, in last 3 years is 20.55% and 41.99% 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.