About SBI Arbitrage Opportunities Fund Direct - Dividend Reinvestment
SBI Arbitrage Opportunities Fund Direct - Dividend Reinvestment is a Balanced
mutual fund scheme from SBI Mutual Fund
. This scheme was launched on 01 Jan 2013 and is currently managed by its fund managers Rajeev Radhakrishnan
and Neeraj Kumar
. It has an AUM of ₹5,499.09 Crores and the latest NAV decalared is ₹14.301 as on 31 Mar 2020 at 11:35 pm.
SBI Arbitrage Opportunities Fund Direct - Dividend Reinvestment scheme return performance in last 1 year is 6.86%, in last 3 years is 21.17% and 67.56% 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.