Axis Arbitrage Regular Growth
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Min amount: ₹1,000
- Fund Summary
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|Fund Type||Arbitrage Fund|
|Exit Load||0.25% for 7 Days|
More about this fund
|Future on BANK Index||9.06%|
|Housing Development Finance Corporation Limited February 2020 Future||8.71%|
|Housing Development Finance Corp Ltd||8.68%|
|Bajaj Finance Limited February 2020 Future||8.53%|
|Bajaj Finance Ltd||8.5%|
|Reliance Industries Limited February 2020 Future||7.27%|
|Reliance Industries Ltd||7.24%|
|ICICI Bank Ltd||5.69%|
|Larsen & Toubro Limited February 2020 Future||5.34%|
|Larsen & Toubro Ltd||5.32%|
About Axis Arbitrage Fund
Axis Arbitrage Fund is an open-ended scheme which seeks to generate returns by taking advantage of arbitrage opportunities in the equity and derivatives market. Formerly known as Axis Enhanced Arbitrage Opportunities, the fund will also invest the balance in debt & money market instruments. The fund aims to generate regular income over short-medium term timeframe.
Pros & Cons of Axis Arbitrage Fund
Axis Arbitrage Fund offers the following benefits:
- The fund is suitable for investors looking for returns with relatively low volatility.
- The scheme is suitable for investors looking to park money for a short period. 3.Periodical returns are higher than the average category returns.
Fund Information and Statistics of Axis Arbitrage Fund
i) Inception/ Launch date
The Axis Arbitrage Fund was launched on August 14, 2014, by Axis Mutual Fund.
ii) Risk level
Investment in this scheme is a moderate risk bet and is suitable for a short to medium time frame.
The redemption request can be made on any business day subject to the NAV price. Proceeds will be dispatched to you by the fund house within 10 working days from the receipt of the redemption request at the Authorized Centre of Axis Mutual Fund.
iv) Fund Manager
Axis Arbitrage Fund is jointly managed by Mr Devang Shah since August 14, 2014 and Mr Ashwin Patni since April 27, 2015.
v) Entry / Exit load
The fund house does not charge any entry load or exit load if redeemed one week after the date of allotment. However, 0.25 % exit load is charged if redeemed before 7 days from the date of allotment.
Tax benefits of investing in Axis Arbitrage Fund
The Short-term capital gain tax of 15% is levied if sold before one year from the date of allotment. Long-term capital gain, in excess of Rs 1 lakh, are taxed at 10% if sold after one year. Dividend distribution tax is applicable. 10% tax will be deducted at source for dividends.
About Axis Mutual Fund
Axis Mutual Fund was established in October 2009 and it has come a long way since then. It is progressed due to its philosophy of transparency & commitment, accepting mistakes, respect, curiosity, humility, and keeping the customer in the centre of every decision. The fund house also believes in communicating in the language of customers to help them understand financial complexities.
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Min amount: ₹1,000
All investments come with risk. Risk is the volatility or fluctuation in the price (and returns) of the investment. Usually,
- High Risk = High possible returns
- Low Risk = Stable, relatively lower returns