About Nippon India Arbitrage Fund Direct - Growth
Nippon India Arbitrage Fund Direct - Growth is a Balanced
mutual fund scheme from Nippon India Mutual Fund
. This scheme was launched on 01 Jan 2013 and is currently managed by its fund managers Anju Chhajer
and Anand Devendra Gupta
. It has an AUM of ₹7,068.17 Crores and the latest NAV decalared is ₹21.247 as on 31 May 2020 at 1:24 pm.
Nippon India Arbitrage Fund Direct - Growth scheme return performance in last 1 year is 6.81%, in last 3 years is 23.00% and 74.82% since scheme launch. The min. SIP amount to invest in this scheme is ₹100.
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.