About ITI Arbitrage Fund Direct - Growth
ITI Arbitrage Fund Direct - Growth is a Balanced
mutual fund scheme from ITI Mutual Fund
. This scheme was launched on 09 Sep 2019 and is currently managed by its fund managers George Heber Joseph
and Milan Mody
. It has an AUM of ₹30.54 Crores and the latest NAV decalared is ₹10.212 as on 20 Jan 2020 at 9:05 pm.
ITI Arbitrage Fund Direct - Growth scheme return performance is 1.93% since scheme launch. The min. SIP amount to invest in this scheme is ₹5000.
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.