About Nippon India Arbitrage Fund Direct-Dividend Monthly
Nippon India Arbitrage Fund Direct-Dividend Monthly is a Balanced
mutual fund scheme from Nippon India Mutual Fund
. This scheme was launched on 25 Mar 2014 and is currently managed by its fund manager Anand Devendra Gupta
. It has an AUM of ₹9,441.45 Crores and the latest NAV decalared is ₹11.146 as on 18 Oct 2019 at 10:50 pm.
Nippon India Arbitrage Fund Direct-Dividend Monthly scheme return performance in last 1 year is 7.19%, in last 3 years is 22.54% and 49.34% 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.