An open ended scheme investing in arbitrage opportunities

A conservative arbitrage fund that aims to generate income through arbitrage opportunities arising out of pricing mismatch in a security between cash and derivative segment and with derivatives segment along with investments in debt securities and money market instruments. The fund portfolio is completely hedged and takes offsetting positions on various markets simultaneously. The arbitrage fund follows a market neutral strategy and carries no specific equity risk. In the absence of adequate arbitrage opportunities, the scheme may invest in short term debt or money market securities.

October 14, 2010

Anand D Gupta
Anju Chhajer

NIFTY 50 Arbitrage Index

Monthly Average :	₹ 11,845.94 Cr
Month End :	₹ 11,596.34 Cr

Growth Plan	₹ 21.4488
IDCW Plan	₹ 12.8541
Monthly IDCW Plan	₹ 11.1799
Direct - Growth Plan	₹ 22.5910
Direct - IDCW Plan	₹ 13.9092
Direct - Monthly IDCW Plan	₹ 11.8239

Entry Load:	Nil
Exit Load:	0.25% if redeemed or switched out on or before completion of 1 month from the date of allotment of units. Nil, thereafter.

Standard Deviation	0.23
Beta	0.61
Sharpe Ratio	0.39
Note: The above measures have been calculated using monthly rolling returns for 36 months period with 3.6% risk free return (FBIL Overnight MIBOR as on 31/12/2021).

Portfolio Turnover

12.27

Regular/Other than Direct	1.01
Direct	0.34

Inception Date:October 14, 2010
Past performance may or may not be sustained in future. It is assumed that a SIP of ₹ 10,000 each executed on 10th of every month including the first installment in the Growth option of the Fund. Returns on SIP and Benchmark are annualized and cumulative investment return for cash flows resulting out of uniform and regular monthly subscriptions have been worked out on excel spreadsheet function known as XIRR. Load has not been taken into consideration.
B: Benchmark, AB: Additional Benchmark, TRI: Total Return Index
TRI - Total Returns Index reflects the returns on the index arising from (a) constituent stock price movements and (b) dividend receipts from constituent index stocks, thereby showing a true picture of returns.
For scheme performance please click here. For Fund manager wise scheme performance click here.

Record Date	Rate (₹/ Unit)	Cum IDCW NAV	Ex-IDCW NAV
IDCW Plan
20-Oct-20	0.1400	12.4381	12.2981
22-Jun-20	0.1500	12.4616	12.3116
23-Mar-20	0.1328	12.4154	12.2654
Direct - IDCW Plan
20-Oct-20	0.1400	13.3409	13.2009
22-Jun-20	0.1500	13.3255	13.1755
23-Mar-20	0.1328	13.2393	13.0893
Monthly IDCW Plan
23-Nov-20	0.0500	10.7758	10.7258
20-Oct-20	0.0600	10.8064	10.7464
24-Aug-20	0.0300	10.7745	10.7445
Direct - Monthly IDCW Plan
23-Nov-20	0.0500	11.3101	11.2601
20-Oct-20	0.0600	11.3322	11.2722
24-Aug-20	0.0300	11.2855	11.2555

Past performance may or may not be sustained in future. Pursuant to IDCW payment, NAV falls to the extent of payout & statutory levy (if applicable). Face Value-₹ 10.