Principal Arbitrage Fund

Principal Arbitrage Fund

NAV

(as on 24-06-2021)

12.02

3 YRS CAGR

(as on 24-06-2021)

1.84%

CAGR since inception

(since 21-04-2016)

3.62%

AUM

(as on 2021-05-31)

8.85 Cr

Investment type

Investment Amount

Tenure

Growth

This Fund Benchmark Additional Benchmark
* Returns shown are for the growth option and are calculated uptil 24-06-2021
* Benchmark : Nifty 50 Arbitrage Index
* Additional Benchmark : CRISIL 1 Year T-Bill Index

* Different plans shall have a different expense structure. Past performance may or may not be sustained in future. Returns (in %) less than one year are absolute. Returns (in %) for one year or more are calculated on Compounded Annualized Basis (CAGR). Performance of the dividend option for the investors would be net of dividend distribution tax, as applicable.

This Fund
Benchmark
Additional Benchmark
* Returns shown are for the growth option and are calculated uptil 24-06-2021
* Benchmark : Nifty 50 Arbitrage Index
* Additional Benchmark : CRISIL 1 Year T-Bill Index

* Different plans shall have a different expense structure. Past performance may or may not be sustained in future. Returns (in %) less than one year are absolute. Returns (in %) for one year or more are calculated on Compounded Annualized Basis (CAGR). Performance of the dividend option for the investors would be net of dividend distribution tax, as applicable.

Investment type

Investment Amount

Tenure

Growth

Annualized Return Absolute Return
* Returns shown are for the growth option and are calculated uptil 24-06-2021
* Benchmark : Nifty 50 Arbitrage Index
* Additional Benchmark : CRISIL 1 Year T-Bill Index
As on 2021-05-31
As on 2021-05-31
% of NAV
Sector
20.16%
Banks
13.12%
Pharmaceuticals
7.69%
Telecom - Services
7.49%
Construction Project
5.57%
Software
4.65%
Cement & Cement Products
4.26%
Ferrous Metals
3.00%
Petroleum Products
2.11%
Construction
1.39%
Entertainment
As on 2021-05-31
% to NET Assets
Name
21.58%
Cash & Cash Equivalents
9.10%
ICICI Bank Ltd.
7.69%
Bharti Airtel Ltd.
7.49%
Larsen & Toubro Ltd.
7.36%
Dr. Reddy's Laboratories Ltd.
7.06%
State Bank of India
5.76%
Aurobindo Pharma Ltd.
5.57%
Infosys Ltd.
5.55%
5.45% The Federal Bank Ltd. (Duration 365 Days)
4.65%
Grasim Industries Ltd.
4.26%
JSW Steel Ltd.
4.00%
Axis Bank Ltd.
3.00%
Reliance Industries Ltd.
2.77%
5.25% Punjab National Bank (Duration 365 Days)
2.11%
DLF Ltd.
1.39%
Zee Entertainment Enterprises Ltd.
0.55%
TREPS 01-Jun-2021
0.11%
91 DAY T-BILL 22-Jul-2021

Benchmark

Nifty 50 Arbitrage Index

Additional Benchmark

CRISIL 1 Year T-Bill Index

Horizon

1 year and above

Age

5 Yrs 64 Days

Performance

Suitable for

1. Income over short term.
2. Income through arbitrage opportunities between cash and derivative market and arbitrage opportunities within the derivative segment.

Investment Objective

To generate capital appreciation and income by predominantly investing in arbitrage opportunities in the cash and derivative segments of the equity markets and the arbitrage opportunities available within the derivative segment and by investing the balance in debt and money market instruments. There is no assurance or guarantee that the investment objective of the scheme will be realized.

WHY INVEST IN Principal Arbitrage Fund?

• With a moderately low risk profile, this fund aims to provide income over short-term investments.
• It offers tax efficiency and liquidity.

minimum investment

New Investor: Rs 5000
Existing Investor: Rs 1000

options

Each of the Plan offers growth and dividend option. The dividend option under both the Plans offers the facility of Payout, Reinvestment and Sweep. Dividend Frequency: Monthly

OTHER DETAILS

Exit Load:

0.50%- If redeemed on or before 30 days from the date of allotment.
Nil - If redeemed after 30 days from the date of allotment

SIP/STP/RWP -Available

Minimum No. & Amt. of
SIP - Rs 500*
STP - Rs 1000
RWP - Rs 500
*12 installments each

Cut Off Time

  • In respect of valid applications received upto the Cut off time i.e. 3.00 p.m. on a Business Day and where the funds for the entire amount are available for utilization before the cut-off time - the closing NAV of the day shall be applicable.
  • In respect of valid applications received after 3.00 p.m. on a Business Day and where the funds are available for utilization either on the same day or before the cut-off time of the next Business Day - the closing NAV of the next Business Day shall be applicable.
  • Irrespective of the time of receipt of application, where the funds available for utilization before the cut-off time on any subsequent Business Day - the closing NAV of such subsequent Business Day when the funds are available for utilisation shall be applicable.
  • In respect of valid applications, the time of receipt of applications or the funds for the entire amount are available for utilisation, which ever is later, will be used to determine the applicability of NAV.
In case of other facilities like Systematic Investment Plan (SIP), Systematic Transfer Plan (STP), etc, the NAV of the day on which the funds are available for utilisation by the Target Scheme shall be used irrespective of the installment date.

fund managers

Rajat Jain Principal Arbitrage Fund Manager

Rajat Jain

Rajat Jain monitors the investments of Principal Mutual Fund and leads...
funds managed