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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.


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 HouseICICI Prudential Mutual Fund
Launch DateDec 30, 2006
BenchmarkNIFTY 50 Arbitrage
RiskometerModerately Low
Risk GradeAverage
Return GradeAbove Average
Turnover124%
TypeOpen-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 Cheques6
Minimum Withdrawal (R)500
Minimum Balance (R)-
Exit Load (%)0.25% for redemption within 30 days

 YTD1-Month3-Month1-Year3-Year5-Year10-Year
Fund4.390.501.606.606.106.587.31
CCIL T Bill Liquidity Weight3.170.351.144.624.244.634.63
Category4.280.471.526.015.856.527.09
Rank within Category111289742
Number of funds in category2123232016149

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 onInvestmentsLatest ValueAbsolute ReturnsAnnualized Returns
1 Year05-Sep-181200012422.73.52 %6.56 %
2 Year05-Sep-172400025614.596.73 %6.38 %
3 Year02-Sep-163600039572.059.92 %6.23 %
5 Year05-Sep-146000070351.217.25 %6.3 %
10 Year04-Sep-09120000174073.645.06 %7.22 %

NAV as on 5th September 2019


Top Equity Holdings

CompanySectorPE3Y High3Y Low% Assets
HDFCFinancial32.889.300.007.66
InfosysTechnology23.016.000.006.00
Reliance IndustriesEnergy19.086.890.003.92
HDFC BankFinancial27.685.880.003.61
Sun Pharmaceutical Inds.Healthcare32.975.490.092.74
Tata Consultancy ServicesTechnology25.653.320.002.52
State Bank of IndiaFinancial30.663.910.002.39
ITCFMCG23.413.970.082.28
Axis BankFinancial32.572.730.002.27
Mahindra & MahindraAutomobile10.922.440.171.84

Top Debt Holdings

CompanyInstrumentCredit Rating1Y Range% Assets
HDFC 360-D 14/11/2019Commercial PaperA1+0.00 - 1.761.52
HDFC Bank 365-D 16/01/2020Fixed Deposits-0.00 - 1.901.33
HDFC Bank 368-D 03/03/2020Fixed Deposits-0.00 - 1.901.33
RBL Bank 365-D 10/09/2019Fixed Deposits-0.00 - 1.931.33
HDFC 321-D 05/12/2019Commercial PaperA1+0.00 - 1.811.30
Axis Bank 2019Certificate of DepositA1+0.00 - 1.291.29
Tata Capital Financial Services 364-D 13/12/2019Commercial PaperA1+0.00 - 1.741.29
National Bank Agr. Rur. Devp 310-D 13/03/2020Commercial PaperA1+0.00 - 1.481.27
8.51% HDFC 2020Non-Convertible DebentureAAA0.00 - 1.161.16
7.93% LIC Housing Fin. 2019Non-Convertible DebentureAAA0.00 - 1.090.93

Most Recent Dividends

PlanRecord DateDividend (R / Unit)
DividendAug 26, 2019 0.0730

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.

PlansNAV (Rs)
Growth25.121
Dividend13.6016

There is a 0.05% change from previous, NAV as on Sep 05, 2019


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.

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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