Nippon India Arbitrage Fund Direct Plan Growth
Min amount: ₹1,000
- Fund Summary
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|Fund Type||Arbitrage Fund|
|Exit Load||0.25% for 31 Days|
More about this fund
|Cash Offset For Derivatives||70.05%|
|Nippon India Money Market Dir Gr||6.53%|
|Tata Steel Ltd||3.68%|
|Nippon India Liquid Dir Gr||3.67%|
|Future on Tata Steel Ltd||3.62%|
|Future on Adani Ports & Special Economic Zone Ltd||3.49%|
|Adani Ports & Special Economic Zone Ltd||3.48%|
|Future on Bharti Airtel Ltd||2.98%|
|Bharti Airtel Ltd||2.97%|
|State Bank of India||2.93%|
About NIPPON INDIA ARBITRAGE FUND - Direct Plan - Growth
The main intention of NIPPON INDIA ARBITRAGE FUND is to generate returns by making use of the arbitrage opportunities available in the cash and derivatives markets. The asset allocation of this fund scheme is essentially made towards money market and debt securities.
Pros and Cons of NIPPON INDIA ARBITRAGE FUND - Direct Plan - Growth
NIPPON INDIA ARBITRAGE FUND intends to create a return on investment with the use of arbitrage opportunities that result due to the price difference of security between derivatives segment and cash. Therefore, investing in this scheme is suitable for risk-averse investors On the flip side, the returns offered by this fund is not as high as that of equity funds.
Fund Information and Statistics
i) Inception/Launch Date NIPPON INDIA ARBITRAGE FUND was launched on 14 October 2010.
ii) Risk Level As NIPPON INDIA ARBITRAGE FUND invests mostly in fixed income assets, the risk possessed by it is categorised as ‘moderately low’ by Nippon India Mutual Fund.
iii) Redemption Since NIPPON INDIA ARBITRAGE FUND is an open-ended mutual fund, you can place redemption requests any time. However, you have to be aware of the applicable exit load and tax on capital gains.
iv) Fund Manager Ms Anju Chhajer and Mr Anand Gupta are the current fund managers of NIPPON INDIA ARBITRAGE FUND.
v) Entry/Exit Load There is no entry load as per the norms of the Securities and Exchange Board of India (SEBI). An exit load of 0.25% would be charged if redeemed within one month of the allotment of funds. After one month, no exit load applies.
About Nippon India Mutual Fund
Nippon India Mutual Fund (NIMF) is one of the leading fund houses in India. It entered the mutual fund fore back in June 1995 when it registered with the Securities and Exchange Board of India (SEBI). NIMF has Nippon Life India Trustee Ltd as its trustee and Nippon Life Insurance as its sponsor. The assets under management (AUM) of NIMF amounted to Rs 2.04 lakh crore as of March 2020.
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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