DSP Arbitrage Fund
An open ended scheme investing in arbitrage opportunities
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DSP Arbitrage Fund An open ended scheme investing in arbitrage opportunities |
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Fund Manager
M. Suryanarayanan (Equity Portion)
Total work experience of 9 years.
Managing this Scheme since September, 2018
Rahul Vekaria (Debt Portion)
Total work experience of 7 years.
Managing this Scheme since January 2018
Inception date
January 25, 2018
Benchmark
NIFTY 50 Arbitrage Index
NAV AS ON APRIL 30, 2020
| Regular Plan | |
| Growth: | ₹ 11.437 |
| Direct Plan | |
| Growth: | ₹ 11.596 |
Total aum
₹ 949 Cr
Monthly average aum
₹ 869 Cr
Portfolio Turnover Ratio(Last 12 months):
13.23
Month End Expense Ratio
| Regular Plan : | 0.95% |
| Direct Plan : | 0.35% |
Average Maturity
0.49 years
Modified Duration
0.45 years
Portfolio YTM
5.55%
Exit Load
• If the units redeemed or switched-out are
upto 10% of the units (the limit) purchased
or switched within 30 days from the date of
allotment: Nil;
• If units redeemed or switched out are in
excess of the limit within 30 days from the
date of allotment: 0.25%;
• If units are redeemed or switched out on or
after 30 days from the date of allotment: Nil.
| Name of Instrument | % to Net Assets | |
| EQUITY & EQUITY RELATED | ||
| Listed / awaiting listing on the stock exchanges | ||
| Finance | 12.85% | |
| ✔ Housing Development Finance Corporation Limited | 5.80% | |
| ✔ Bajaj Finance Limited | 1.93% | |
| Manappuram Finance Limited | 1.10% | |
| ICICI Prudential Life Insurance Company Limited | 0.98% | |
| REC Limited | 0.75% | |
| Piramal Enterprises Limited | 0.72% | |
| HDFC Life Insurance Company Limited | 0.58% | |
| Mahindra & Mahindra Financial Services Limited | 0.49% | |
| Max Financial Services Limited | 0.26% | |
| Cholamandalam Investment and Finance Company Limited | 0.23% | |
| LIC Housing Finance Limited | * | |
| Banks | 12.57% | |
| ✔ IndusInd Bank Limited | 4.18% | |
| ✔ Axis Bank Limited | 3.25% | |
| ✔ ICICI Bank Limited | 1.65% | |
| Bandhan Bank Limited | 0.96% | |
| Bank of Baroda | 0.56% | |
| State Bank of India | 0.51% | |
| The Federal Bank Limited | 0.48% | |
| RBL Bank Limited | 0.45% | |
| Canara Bank | 0.37% | |
| Punjab National Bank | 0.10% | |
| IDFC First Bank Limited | 0.06% | |
| Telecom - Services | 6.24% | |
| ✔ Bharti Airtel Limited | 5.28% | |
| Vodafone Idea Limited | 0.96% | |
| Non - Ferrous metals | 4.45% | |
| ✔ Vedanta Limited | 4.24% | |
| Hindalco Industries Limited | 0.20% | |
| National Aluminium Company Limited | 0.01% | |
| Pharmaceuticals | 4.29% | |
| ✔ Aurobindo Pharma Limited | 3.47% | |
| Biocon Limited | 0.26% | |
| Divi's Laboratories Limited | 0.23% | |
| Sun Pharmaceutical Industries Limited | 0.18% | |
| Dr. Reddy's Laboratories Limited | 0.07% | |
| Lupin Limited | 0.04% | |
| Torrent Pharmaceuticals Limited | 0.02% | |
| Glenmark Pharmaceuticals Limited | * | |
| Cipla Limited | * | |
| Cement | 3.20% | |
| Grasim Industries Limited | 1.61% | |
| Ambuja Cements Limited | 1.54% | |
| UltraTech Cement Limited | 0.04% | |
| Power | 2.96% | |
| Power Grid Corporation of India Limited | 1.42% | |
| Adani Power Limited | 1.40% | |
| Tata Power Company Limited | 0.14% | |
| Software | 2.24% | |
| Wipro Limited | 0.90% | |
| Infosys Limited | 0.77% | |
| HCL Technologies Limited | 0.37% | |
| Tech Mahindra Limited | 0.19% | |
| Info Edge (India) Limited | * | |
| Petroleum Products | 2.02% | |
| Reliance Industries Limited | 1.24% | |
| Hindustan Petroleum Corporation Limited | 0.67% | |
| Bharat Petroleum Corporation Limited | 0.11% | |
| Consumer Non Durables | 1.75% | |
| Godrej Consumer Products Limited | 0.78% | |
| TATA CONSUMER PRODUCTS LIMITED | 0.61% | |
| United Spirits Limited | 0.31% | |
| Berger Paints (I) Limited | 0.05% | |
| Industrial Capital Goods | 1.70% | |
| Bharat Heavy Electricals Limited | 0.88% | |
| Bharat Electronics Limited | 0.74% | |
| Siemens Limited | 0.07% | |
| Pesticides | 1.49% | |
| UPL Limited | 1.49% | |
| Ferrous metals | 1.45% | |
| Jindal Steel & Power Limited | 1.33% | |
| JSW Steel Limited | 0.12% | |
| Telecom - Equipment & Accessories | 1.42% | |
| Bharti Infratel Limited | 1.42% | |
| Construction | 1.21% | |
| DLF Limited | 1.21% | |
| Transportation | 1.08% | |
| Adani Ports and Special Economic Zone Limited | 0.99% | |
| Interglobe Aviation Limited | 0.09% | |
| Auto | 1.04% | |
| Tata Motors Limited | 0.89% | |
| Bajaj Auto Limited | 0.06% | |
| Eicher Motors Limited | 0.04% | |
| Escorts Limited | 0.04% | |
| Hero MotoCorp Limited | 0.01% | |
| Oil | 0.63% | |
| Oil & Natural Gas Corporation Limited | 0.63% | |
| Media & Entertainment | 0.62% | |
| Zee Entertainment Enterprises Limited | 0.52% | |
| Sun TV Network Limited | 0.10% | |
| Construction Project | 0.61% | |
| NCC Limited | 0.25% | |
| Larsen & Toubro Limited | 0.21% | |
| GMR Infrastructure Limited | 0.15% | |
| Trading | 0.49% | |
| Adani Enterprises Limited | 0.49% | |
| Auto Ancillaries | 0.45% | |
| Motherson Sumi Systems Limited | 0.27% | |
| MRF Limited | 0.11% | |
| Balkrishna Industries Limited | 0.03% | |
| Bosch Limited | 0.03% | |
| Amara Raja Batteries Limited | * | |
| Exide Industries Limited | * | |
| Gas | 0.41% | |
| Indraprastha Gas Limited | 0.25% | |
| GAIL (India) Limited | 0.14% | |
| Petronet LNG Limited | 0.02% | |
| Consumer Durables | 0.34% | |
| Havells India Limited | 0.32% | |
| Voltas Limited | 0.01% | |
| Titan Company Limited | * | |
| Industrial Products | 0.31% | |
| Bharat Forge Limited | 0.27% | |
| SRF Limited | 0.04% | |
| Paper | 0.24% | |
| Century Textiles & Industries Limited | 0.24% | |
| Minerals/Mining | 0.20% | |
| NMDC Limited | 0.10% | |
| Coal India Limited | 0.10% | |
| Total | 66.23% | |
| Name of Instrument | Rating | % to Net Assets |
| DEBT INSTRUMENTS | ||
| BOND & NCD's | ||
| Listed / awaiting listing on the stock exchanges | ||
| ✔ REC Limited | CRISIL AAA | 2.86% |
| Housing Development Finance Corporation Limited | CRISIL AAA | 0.56% |
| Total | 3.42% | |
| MONEY MARKET INSTRUMENTS | ||
| TREPS / Reverse Repo Investments / Corporate Debt Repo | 5.24% | |
| Total | 5.24% | |
| Fixed Deposit | ||
| ✔ Punjab National Bank 01 Oct 2020 (Duration - 366 Days) | Unrated | 1.64% |
| Punjab National Bank 31 Oct 2020 (Duration - 366 Days) | Unrated | 1.52% |
| Punjab National Bank 19 Sep 2020 (Duration - 366 Days) | Unrated | 1.09% |
| Punjab National Bank 25 Sep 2020 (Duration - 366 Days) | Unrated | 1.09% |
| Punjab National Bank 25 Oct 2020 (Duration - 366 Days) | Unrated | 1.08% |
| Punjab National Bank 24 Oct 2020 (Duration - 366 Days) | Unrated | 0.87% |
| HDFC Bank Limited 12 Oct 2020 (Duration - 186 Days) | Unrated | 0.56% |
| HDFC Bank Limited 13 Jul 2020 (Duration - 95 Days) | Unrated | 0.56% |
| HDFC Bank Limited 15 Jul 2020 (Duration - 93 Days) | Unrated | 0.55% |
| ICICI Bank Limited 09 Nov 2020 (Duration - 367 Days) | Unrated | 0.54% |
| ICICI Bank Limited 11 Nov 2020 (Duration - 366 Days) | Unrated | 0.54% |
| Axis Bank Limited 07 Oct 2020 (Duration - 391 Days) | Unrated | 0.54% |
| Axis Bank Limited 08 Oct 2020 (Duration - 391 Days) | Unrated | 0.54% |
| ICICI Bank Limited 13 Nov 2020 (Duration - 366 Days) | Unrated | 0.22% |
| ICICI Bank Limited 07 Dec 2020 (Duration - 367 Days) | Unrated | 0.22% |
| Bank of Baroda 07 Dec 2020 (Duration - 367 Days) | Unrated | 0.22% |
| ICICI Bank Limited 05 Jan 2021 (Duration - 393 Days) | Unrated | 0.22% |
| ICICI Bank Limited 06 Jan 2021 (Duration - 393 Days) | Unrated | 0.21% |
| ICICI Bank Limited 06 Jan 2021 (Duration - 392 Days) | Unrated | 0.21% |
| ICICI Bank Limited 07 Jan 2021 (Duration - 392 Days) | Unrated | 0.21% |
| ICICI Bank Limited 11 Jan 2021 (Duration - 395 Days) | Unrated | 0.21% |
| ICICI Bank Limited 14 Jan 2021 (Duration - 395 Days) | Unrated | 0.21% |
| ICICI Bank Limited 15 Jan 2021 (Duration - 395 Days) | Unrated | 0.21% |
| ICICI Bank Limited 13 Jan 2021 (Duration - 392 Days) | Unrated | 0.21% |
| ICICI Bank Limited 18 Jan 2021 (Duration - 396 Days) | Unrated | 0.21% |
| ICICI Bank Limited 19 Jan 2021 (Duration - 396 Days) | Unrated | 0.21% |
| ICICI Bank Limited 20 Jan 2021 (Duration - 393 Days) | Unrated | 0.21% |
| ICICI Bank Limited 05 Feb 2021 (Duration - 393 Days) | Unrated | 0.21% |
| ICICI Bank Limited 08 Feb 2021 (Duration - 395 Days) | Unrated | 0.21% |
| ICICI Bank Limited 09 Feb 2021 (Duration - 393 Days) | Unrated | 0.21% |
| Punjab National Bank 15 Jan 2021 (Duration - 367 Days) | Unrated | 0.21% |
| Punjab National Bank 14 Jan 2021 (Duration - 366 Days) | Unrated | 0.21% |
| Punjab National Bank 20 Jan 2021 (Duration - 372 Days) | Unrated | 0.21% |
| ICICI Bank Limited 10 Feb 2021 (Duration - 393 Days) | Unrated | 0.21% |
| Punjab National Bank 19 Jan 2021 (Duration - 371 Days) | Unrated | 0.21% |
| Punjab National Bank 18 Jan 2021 (Duration - 370 Days) | Unrated | 0.21% |
| ICICI Bank Limited 11 Feb 2021 (Duration - 393 Days) | Unrated | 0.21% |
| ICICI Bank Limited 12 Feb 2021 (Duration - 393 Days) | Unrated | 0.21% |
| Punjab National Bank 19 Jan 2021 (Duration - 368 Days) | Unrated | 0.21% |
| Punjab National Bank 18 Jan 2021 (Duration - 367 Days) | Unrated | 0.21% |
| Bank of Baroda 25 Jan 2021 (Duration - 370 Days) | Unrated | 0.21% |
| Bank of Baroda 27 Jan 2021 (Duration - 372 Days) | Unrated | 0.21% |
| Bank of Baroda 21 Jan 2021 (Duration - 366 Days) | Unrated | 0.21% |
| Bank of Baroda 28 Jan 2021 (Duration - 373 Days) | Unrated | 0.21% |
| Bank of Baroda 22 Jan 2021 (Duration - 367 Days) | Unrated | 0.21% |
| Bank of Baroda 08 Feb 2021 (Duration - 383 Days) | Unrated | 0.21% |
| Bank of Baroda 05 Feb 2021 (Duration - 380 Days) | Unrated | 0.21% |
| Bank of Baroda 12 Feb 2021 (Duration - 386 Days) | Unrated | 0.21% |
| Bank of Baroda 15 Feb 2021 (Duration - 389 Days) | Unrated | 0.21% |
| Bank of Baroda 23 Feb 2021 (Duration - 396 Days) | Unrated | 0.21% |
| Bank of Baroda 22 Feb 2021 (Duration - 395 Days) | Unrated | 0.21% |
| Bank of Baroda 25 Feb 2021 (Duration - 395 Days) | Unrated | 0.21% |
| Bank of Baroda 26 Feb 2021 (Duration - 395 Days) | Unrated | 0.21% |
| Bank of Baroda 01 Mar 2021 (Duration - 391 Days) | Unrated | 0.21% |
| Bank of Baroda 03 Mar 2021 (Duration - 393 Days) | Unrated | 0.21% |
| Bank of Baroda 02 Mar 2021 (Duration - 392 Days) | Unrated | 0.21% |
| Bank of Baroda 04 Mar 2021 (Duration - 394 Days) | Unrated | 0.21% |
| Bank of Baroda 05 Mar 2021 (Duration - 395 Days) | Unrated | 0.21% |
| Bank of Baroda 09 Mar 2021 (Duration - 398 Days) | Unrated | 0.21% |
| Bank of Baroda 12 Mar 2021 (Duration - 401 Days) | Unrated | 0.21% |
| Bank of Baroda 15 Mar 2021 (Duration - 404 Days) | Unrated | 0.21% |
| Bank of Baroda 10 Mar 2021 (Duration - 399 Days) | Unrated | 0.21% |
| Bank of Baroda 16 Mar 2021 (Duration - 405 Days) | Unrated | 0.21% |
| Bank of Baroda 08 Mar 2021 (Duration - 397 Days) | Unrated | 0.21% |
| Total | 21.87% | |
| Cash & Cash Equivalent | ||
| Cash Margin | 5.83% | |
| Net Receivables/Payables | -2.59% | |
| Total | 3.24% | |
| GRAND TOTAL | 100.00% |
✔ Top Ten Holdings
* Less than 0.01%
Notes : 1. All corporate ratings are assigned by rating agencies like CRISIL, CARE, ICRA, IND.
Investment Objective
The investment objective of
the Scheme is to generate
income through arbitrage
opportunities between cash and
derivative market and arbitrage
opportunities within the
derivative market. Investments
may also be made in debt &
money market instruments.
There is no assurance that the
investment objective of the
Scheme will be realized.
Product Labelling
This open ended Scheme is suitable for investors who are seeking*
• Income over a short-term investment horizon
• Investment in arbitrage opportunities in the cash & derivatives segment of the equity market
* Investors should consult their financial advisors if in doubt whether the product is suitable for them.