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The information and data contained in this Website do not constitute distribution, an offer to buy or sell or solicitation of an offer to buy or sell any Schemes/Units of Aditya Birla Sun Life Mutual Fund (ABSLMF), securities or financial instruments in any jurisdiction in which such distribution, sale or offer is not authorised. In particular, the information herein is not for distribution and does not constitute an offer to buy or sell or the solicitation of any offer to buy or sell any securities or financial instruments in the United States of America ("US") and Canada to or for the benefit of United States persons (being persons resident in the US, corporations, partnerships or other entities created or organised in or under the laws of the US or any person falling within the definition of the term "US Person" under the US Securities Act of 1933, as amended) and persons of Canada.
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The investment objective of the scheme is to generate income by investing in equity and equity related instruments and take advantage of the price differentials or mis-pricing prevailing in a stock or index.
SIP : Systematic Investment Plan - Available Online & Offline for Direct & Regular investors to iron out intermittent market volatility and enable long term savings
STP : Systematic Transfer Plan (STP) allows investors to save in both asset classes by transfering a fixed amount from one scheme and invest in another scheme
SWP : Systematic Withdrawal Plan allows investors to withdraw a fixed amount of money from their mutual fund to build sustainable income streams while saving on Tax also
CATP : Capital Appreciation Transfer Plan (CATP) allows investors to preserve their capital and transfer only capital appreciation to another asset class / scheme at regular intervals
Total Experience : 7 years
All categories of investors try to minimise their tax outgo from investments and prefer tax efficient investment products. While there are many tax-efficient investments options, however, you need to remain invested for a certain period to get tax efficient returns.
Equity is the only asset class which spares you from paying tax if you remain invested for a year. But it comes with inherent short term volatility. What is required is an equity investment option that provides tax efficient returns for short term needs with manageable risk.
The investment in question is Aditya Birla Sun Life Arbitrage Fund. It focuses on enhancing the portfolio returns by taking advantage of price differentials in cash and derivative markets. Broadly, it works it the concept of buying at lower price from one market and selling at higher price in other market. For many, this could be a substitute for short-term bank fixed deposit (FD) since it offers you competitive returns with tax efficiency. Unlike bank FD, where you get taxed according to your tax slab. Here, it is a flat 15 percent for investment less than a year, and no tax if you hold it for a year.
The scheme aims to identify the price differentials prevailing for a stock / index in 2 market segments (cash, futures, etc). Trades are executed once the price differentials are identified. Generally, trades will be executed provided they generate returns higher than short term debt instruments (call money, money market instruments, liquid schemes, etc) net of expenses. A portion of the corpus will also be invested in direct equities, IPO's, Options, open offer and buy-back. Allocation to these strategies will be restricted to 10% of the corpus.
(An open ended scheme investing in arbitrage opportunities)
*We recommend investors to consult their financial advisers in case of doubt about whether the product is suitable for them.
For further details on the Scheme, refer Scheme Information Document and Key Information Memorandum.