Aditya Birla Sun Life Mutual Fund

Aditya Birla Sun Life Arbitrage Fund |ABSL Arbitrage Fund - ABSLMF

Aditya Birla Sun Life Arbitrage Fund

(An open ended scheme investing in arbitrage opportunities)

Class: Equity
Category: Arbitrage

Investment Objective

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.

This product is suitable for investors who are seeking

  • Income over short term
  • Investments in equity and equity-related securities including derivatives, for taking advantage of the prevailing price differentials or mis-pricing in stock or index, in various segments i.e. cash and futures

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Fund Details

  • Fund Type - Open-Ended
  • Class - Equity
  • Category - Arbitrage
  • Min Investment - Rs. 1000/-
  • Fund Manager - Mr. Lovelish Solanki
  • Latest NAV - 19.622 (as on 15-Oct-2019)
  • Inception Date - Jul 25, 2009
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Fund Performance

Trailing Return

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Funds are bucketed on various parameters with respect to other funds in their category.
*Annualized returns are displayed for 1 year and above.

Annualized Returns

Fund Management

  • Mr. Lovelish Solanki

    Total Experience :

    View Full Profile
    Lovelish Solanki is a Fund Manager at Aditya Birla Sun Life AMC Limited (ABSLAMC). He comes with an experience of over a decade in fund management and research, both in Equity and Debt. He has been a part of ABSLAMC since October 2014.

    He was earlier associated with Union KBC Asset Management Co Limited for 4 years, as trader for the Equity and FNO Segment, while also managing the Options part of Capital protection Funds and other Close ended Schemes. Prior to Union KBC Asset Management Co Limited, he was also associated with Edelweiss Asset Management Co. Ltd for 3 years, responsible for the execution and management of Arbitrage Funds.

    Lovelish has a Master’s degree in Management Studies from Mumbai University with a specialisation in Finance. He is also a level 1 certified Chartered Market Technician (CMT) – 2012.
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Your Investment Summary

  • Investment AmountRs 5000
  • Initial units per month 29.5
  • Current valueRs 50,000
  • Current NAV value 260
  • Current Units 30
  • XIRR

    Internal rate of return or annualized yield for a schedule of cash flows occurring at irregular intervals.

    5.10%
  • Benchmark XIRR

    Internal Rate of return or annualized yield for a schedule of cash flows occurring at irregular intervals for respective benchmark index.

    8%

Trailing Return

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Funds are bucketed on various parameters.
*Annualized returns are displayed for 1 year and above.
Annual return for 2017 will be added shortly.

Annualized Returns

Portfolio and Sector Holdings

Top 10 Holdings (As on 31.08.2019)

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Issuer % to Net Assets
Top 10 Sector Holdings Chart

Fund Summary

Entry Load
Exit Load
Load Comments
NIL
0.5%: For redemption / switch-out of units within 30 days from the date of allotment (% of applicable NAV) NIL : For redemption / switch-out of units after 30 days from the date of allotment
**Exit Load is NIL for units issued in Dividend Reinvestment.

Highlights

  • Income over short term
  • Benefit from arbitrage opportunities in the market

Money Market Returns with Higher Tax Efficiency

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.

Discipline

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. The Fund Benchmark is Nifty 50 Arbitrage.

Aditya Birla Sun Life Arbitrage Fund

(An open ended scheme investing in arbitrage opportunities)

This product is suitable for investors who are seeking*

  • Income over short term
  • Benefit from arbitrage opportunities in the market

 

*We recommend investors to consult their financial advisers in case of doubt about whether the product is suitable for them.

Moderate Risk
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  • KIM - Aditya Birla Sun Life Arbitrage Fund
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Disclaimer

For further details on the Scheme, refer Scheme Information Document and Key Information Memorandum.

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