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What is ICICI Prudential Equity Arbitrage Fund?
ICICI Prudential Equity Arbitrage Fund is an open-ended instrument of investment. The fund generates low volatility returns by using arbitrage and other derivative strategies in equity markets and investments in debt and money market instruments. This scheme is ideal for short term income generation.
ICICI Prudential Equity Arbitrage Fund
- Features and Benefits of ICICI Prudential Equity Arbitrage Fund
- ICICI Prudential Equity Arbitrage Fund Performance
- ICICI Prudential Equity Arbitrage Fund – Portfolio
- ICICI Prudential Equity Arbitrage Fund NAV
- How to invest in ICICI Prudential Equity Arbitrage Fund?
- FAQs: ICICI Prudential Equity Arbitrage Fund
Features and Benefits of ICICI Prudential Equity Arbitrage Fund
Some of the main features and benefits of ICICI Prudential Equity Arbitrage Fund are as follows:
- Short term income generation.
- ICICI Prudential Equity Arbitrage Fund is a hybrid scheme that aims to generate low volatility returns by using arbitrage and other derivative strategies in equity markets.
- ICICI Prudential Equity Arbitrage Fund is suitable for those who are seeking short term wealth creation solution.
- Riskometer: moderately low
Fund details
| Fund House | ICICI Prudential Mutual Fund |
|---|---|
| Launch Date | Dec 30, 2006 |
| Benchmark | NIFTY 50 Arbitrage |
| Riskometer | Moderately Low |
| Risk Grade | Average |
| Return Grade | Above Average |
| Turnover | 124% |
| Type | Open-ended |
| Return since Launch: | 7.53% |
| Minimum Investment (R) | 5,000 |
| Minimum Addl Investment (R) | 1,000 |
| Minimum SIP Investment (R) | 1,000 |
| Minimum No of Cheques | 6 |
| Minimum Withdrawal (R) | 500 |
| Minimum Balance (R) | - |
| Exit Load (%) | 0.25% for redemption within 30 days |
ICICI Prudential Equity Arbitrage Fund Performance
| YTD | 1-Month | 3-Month | 1-Year | 3-Year | 5-Year | 10-Year | |
|---|---|---|---|---|---|---|---|
| Fund | 4.39 | 0.50 | 1.60 | 6.60 | 6.10 | 6.58 | 7.31 |
| CCIL T Bill Liquidity Weight | 3.17 | 0.35 | 1.14 | 4.62 | 4.24 | 4.63 | 4.63 |
| Category | 4.28 | 0.47 | 1.52 | 6.01 | 5.85 | 6.52 | 7.09 |
| Rank within Category | 11 | 12 | 8 | 9 | 7 | 4 | 2 |
| Number of funds in category | 21 | 23 | 23 | 20 | 16 | 14 | 9 |
Performance as on 5 September 2019
Please note that past performance of a mutual fund may not be a guarantee of future results. However, if you know how to analyze fund performance and know what to look for, you can make better investment decisions. This increases the odds that future performance will meet or exceed your expectations.
SIP Performance
| Period Invested for | ₹1000 SIP Started on | Investments | Latest Value | Absolute Returns | Annualized Returns |
|---|---|---|---|---|---|
| 1 Year | 05-Sep-18 | 12000 | 12422.7 | 3.52 % | 6.56 % |
| 2 Year | 05-Sep-17 | 24000 | 25614.59 | 6.73 % | 6.38 % |
| 3 Year | 02-Sep-16 | 36000 | 39572.05 | 9.92 % | 6.23 % |
| 5 Year | 05-Sep-14 | 60000 | 70351.2 | 17.25 % | 6.3 % |
| 10 Year | 04-Sep-09 | 120000 | 174073.6 | 45.06 % | 7.22 % |
NAV as on 5th September 2019
ICICI Prudential Equity Arbitrage Fund – Portfolio
Top Equity Holdings
| Company | Sector | PE | 3Y High | 3Y Low | % Assets |
|---|---|---|---|---|---|
| HDFC | Financial | 32.88 | 9.30 | 0.00 | 7.66 |
| Infosys | Technology | 23.01 | 6.00 | 0.00 | 6.00 |
| Reliance Industries | Energy | 19.08 | 6.89 | 0.00 | 3.92 |
| HDFC Bank | Financial | 27.68 | 5.88 | 0.00 | 3.61 |
| Sun Pharmaceutical Inds. | Healthcare | 32.97 | 5.49 | 0.09 | 2.74 |
| Tata Consultancy Services | Technology | 25.65 | 3.32 | 0.00 | 2.52 |
| State Bank of India | Financial | 30.66 | 3.91 | 0.00 | 2.39 |
| ITC | FMCG | 23.41 | 3.97 | 0.08 | 2.28 |
| Axis Bank | Financial | 32.57 | 2.73 | 0.00 | 2.27 |
| Mahindra & Mahindra | Automobile | 10.92 | 2.44 | 0.17 | 1.84 |
Top Debt Holdings
| Company | Instrument | Credit Rating | 1Y Range | % Assets |
|---|---|---|---|---|
| HDFC 360-D 14/11/2019 | Commercial Paper | A1+ | 0.00 - 1.76 | 1.52 |
| HDFC Bank 365-D 16/01/2020 | Fixed Deposits | - | 0.00 - 1.90 | 1.33 |
| HDFC Bank 368-D 03/03/2020 | Fixed Deposits | - | 0.00 - 1.90 | 1.33 |
| RBL Bank 365-D 10/09/2019 | Fixed Deposits | - | 0.00 - 1.93 | 1.33 |
| HDFC 321-D 05/12/2019 | Commercial Paper | A1+ | 0.00 - 1.81 | 1.30 |
| Axis Bank 2019 | Certificate of Deposit | A1+ | 0.00 - 1.29 | 1.29 |
| Tata Capital Financial Services 364-D 13/12/2019 | Commercial Paper | A1+ | 0.00 - 1.74 | 1.29 |
| National Bank Agr. Rur. Devp 310-D 13/03/2020 | Commercial Paper | A1+ | 0.00 - 1.48 | 1.27 |
| 8.51% HDFC 2020 | Non-Convertible Debenture | AAA | 0.00 - 1.16 | 1.16 |
| 7.93% LIC Housing Fin. 2019 | Non-Convertible Debenture | AAA | 0.00 - 1.09 | 0.93 |
Most Recent Dividends
| Plan | Record Date | Dividend (R / Unit) |
|---|---|---|
| Dividend | Aug 26, 2019 | 0.0730 |
ICICI Prudential Equity Arbitrage Fund NAV
The NAV or the Net asset value represents a fund's per share market value. It is the price at which investors buy fund shares from a fund company and sell them to a fund company.
| Plans | NAV (Rs) |
|---|---|
| Growth | 25.121 |
| Dividend | 13.6016 |
There is a 0.05% change from previous, NAV as on Sep 05, 2019
How to invest in ICICI Prudential Equity Arbitrage Fund?
Investing in ICICI Prudential Equity Arbitrage Fund is straightforward. There are several ways of doing this:
Online:
- You can simply click on the “Invest Now” option on their official website, where after you will be prompted for your basic information, like name, mobile number, and PAN number. You will need to fill up the one-time registration form to complete the process.
Offline:
- You may approach your nearest ICICI Mutual Fund office and submit the relevant forms and documents to proceed with the application process. Alternatively, you may also approach third party dealers for applying to this scheme. However, make sure that the dealer is genuine as there are a lot of fraudulent dealers.
Request for a callback:
- You can request for a call back by entering your contact details (name and phone number) on their contact form whereupon an expert will get in touch with you to further discuss your investment options.
Email:
- You can email their customer service on the email address listed on their website for more information.
Tollfree number:
- You can call their toll-free number listed on their official website and talk to an expert.
Chat:
- You can also chat with an online assistant using the chat option on their website and have your questions addressed.
FAQs: ICICI Prudential Equity Arbitrage Fund
1. What is ICICI Prudential Equity Arbitrage Fund?
ICICI Prudential Equity Arbitrage Fund is an open-ended scheme investing in arbitrage opportunities.
2. What are the options offered under the ICICI Prudential Equity Arbitrage Fund scheme?
The plan offers growth and dividend options with dividend payout and dividend reinvestment sub-options.
3. Who is it suitable for?
The fund is a good offering for investors looking to generate short term income.
4. How do I apply for ICICI Prudential Equity Arbitrage Fund offline?
You may approach any of the ICICI Mutual Fund offices and submit the relevant forms and documents to proceed with the application process. You may also approach third party dealers for applying to this scheme.
5. What is NAV?
The NAV or the Net asset value represents a fund's per share market value. It is the price at which investors buy fund shares from a fund company and sell them to a fund company.
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