Bigger bang for your buck.
Mutual Funds – it can’t get bigger than this!

HDFC Arbitrage Fund

 4.5 / 5.0   by 86 users
Used this product? Write a review >>

Fees & Charges

Promised Interest Rate

Customer Service

Responsiveness

The HDFC Arbitrage Fund aims to capitalize on the arbitrage opportunities arising out of cash and derivatives markets. It was incepted in September 2007 and is offered by HDFC Asset Management Company, among the largest mutual fund houses in India.

Type of fund

This is an open ended equity mutual fund under arbitrage category.

Investment objective

The objective here is to generate income through investments predominantly in arbitrage opportunities among cash and derivative market as well as within the derivatives market through surplus cash deployment in money market instruments and debt securities.

Fund information

Inception date 01/09/2007
CRISIL rank Not Ranked
Schemes

•Direct Plan – Growth Option

•Direct Plan – Dividend Quarterly Option

•Retail Plan – Growth Option

•Retail Plan – Dividend Option

•Retail Plan – Dividend Quarterly Option

•Wholesale Plan – Growth Option

•Wholesale Plan – Dividend Option

•Wholesale Plan Dividend Option Direct Plan

•Wholesale Plan Growth Option Direct Plan

•Wholesale Plan Monthly Dividend Option Direct Plan

Entry load 0%. Any upfront commissions to be paid by investor directly to ARN holder.
Exit load 0.25% if redeemed within 1 month
Minimum investment

•Wholesale Plan – Growth/Dividend option: Rs.1 lakh and any amount thereafter

•Retail Plan – Rs.5,000 minimum investment, Rs.5,000 subsequent investment.

SIP

•Minimum Rs.500 for monthly subscription

•Min. Rs.1,500 for quarterly subscription

Product label – Risk and target investors Moderately Low risk. Meant for short term investors looking at income through arbitrage opportunities arising out of cash and derivatives market, as well as within the derivatives segment.
Benchmark CRISIL Liquid Fund Index. This index aims to track the performance of debt portfolio which includes commercial papers (CP), Certificates of Deposit and CBLO.
SWP Yes. Available in Fixed and Variable variants. Frequency of withdrawals are monthly, quarterly half yearly and yearly for Fixed SWP and quarterly, half yearly and yearly for Variable SWP.
STP Yes. Available in two variants namely Fixed Systematic Transfer Plan (FSTP) and Capital Appreciation Systematic Transfer Plan (CASTP). Daily, Weekly, Monthly and quarterly transfer plans are available.
Redemption Proceeds to be dispatched within 10 days
Taxation (on investment and on redemption) As per applicable sections under the Income Tax Act.

Fund manager(s)

Mr Rakesh Vyas come with over 8 years of experience of which 5 years were in equity research and 3 years in application engineering. He is a veteran fund manager and manages several funds for HDFC Mutual Funds including HDFC Capital Builder Fund, HDFC Balanced Fund, HDFC Multiple Yield Fund Plan 2005, HDFC Mid Cap Opportunities Fund and HDFC Short Term Opportunities Fund etc. He has a B.E. Electrical degree and a PGDM from XLRI Jamshedpur. He has previously worked with Lehman Brothers and Nomura.

Mr Anil Bamboli has CFA qualification from AIMR, USA. He has a Master’s in Management Studies in Finance as well as graduation on Cost and Works Accountant from ICWAI. He has previously worked with SBI Fund management. He manages several other funds from HDFC AMC such as HDFC Short term Direct Plan, HDFC Multiple Yield Fund Plan, HDFC Cash Mgmt. Savings and HDFC Gilt Short Term Plan, among others.

Investment philosophy

The fund invests mainly in the opportunities arising out of arbitrage between cash and derivatives markets as well as within the derivatives market. Dynamic rates of commodities or securities in different markets is capitalized by this investment. The equity markets have seen high growth in the last few years and investors are able to derive returns from expected cost of carry between underlying and derivatives market. The collective risk that the scheme carries is that of the market being neutral, thereby implying that no specific equity risks exist. Any investments in mutual funds should be done only after discussions with your personal financial advisor.

Portfolio – Sector / Top 10 holdings*

Name Sector Class Allocation (%)
9.3% Indiabulls Housing Finance Ltd 2016 Financial Debenture 9.75
Reliance Industries Ltd Energy Equity 8.76
HDFC Bank Ltd Financial Equity 8.72
Axis bank Ltd Financial CBLO 7.98
Axis bank Ltd Financial Fixed Depo 7.98
ICICI Bank Ltd Financial Equity 6.62
Simplex Infrastructure Ltd Construction CP 4.80
Infosys Ltd Tech Equity 3.92
Kotak Mahindra Bank Ltd Financial Equity 3.75
Andhra Bank Financial CBLO 3.27

*As on 31st July 2015 (Retail Fund – Growth)

Risk measures

Standard Deviation 0.47%
Sharpe Ratio 1.95
Alpha 1.28%
Beta 0.28

Performance*

AUM Rs.514 crores (Retail Growth)
NAV

•Direct Plan – Growth Option: Rs.17.7170

•Direct Plan – Dividend Quarterly Option: Rs.13.4250

•Retail Plan – Growth Option: Rs.17.5770

•Retail Plan – Dividend Option: Rs.13.0530

•Retail Plan – Dividend Quarterly Option: Rs.12.4920

•Wholesale Plan – Growth Option: Rs.17.8710

•Wholesale Plan – Dividend Option: Rs.10.4460

•Wholesale Plan Dividend Option Direct Plan: Rs.10.5840

•Wholesale Plan Growth Option Direct Plan: Rs.11.1760

•Wholesale Plan Monthly Dividend Option Direct Plan: Rs.10.3650

Expense Ratio

•0.90% on Regular Plan

•0.75% on Wholesale Plan

Direct plans have a lower expense ratio by 0.60%

*As on 4th September 2015

Benchmark comparison*

Compounded Annualised Returns
Scheme Returns (%) **
Benchmark Returns (%) **
  Wholesale Retail Wholesale Retail
Returns for last 1 year 7.80 7.55 6.21 6.21
Returns for last 3 years 6.48 6.22 6.22 6.22
Returns since inception 6.89 6.62 6.28 6.28

*As on 31st July 2015

**Wholesale Plan and Retail Plan Growth Options

Expert view of the fund

The HDFC Arbitrage Fund is hybrid in nature and is slanted towards mid cap companies. About 2/3rd of the portfolio is made up of equity and equity related instruments with the remaining filled up with debt and money market instruments. The fund has beaten the benchmark returns for the most part and is a good option for long term investors looking at retirement planning, home buying or marriage or education of children. You should always consult with your personal financial advisor before investing in risky instruments such as mutual funds.

How to apply

HDFC MF offers both online and offline routed to apply for mutual fund investments.

  • Online
  • Investors can use the dedicated portal for online applications called as HDFCMFOnline to apply for mutual funds investment. The portal is easily accessible and you can open an account once you have generated your HPIN number after fulfilling the KYC norms. You can make payments through multiple avenues such as cash transfer, card payments etc. You can also use third party websites that deal with mutual fund applications, however this should be done after due consideration of the background of the provider.

  • Offline
  • Investors can directly approach any branch of HDFC that accepts MF registrations or the exclusive MF outlets to fill and submit forms and supporting documents. The process is quite simple and doesn’t take much time. Alternatively, you may approach dealers and distributors for help with the application process, however it is advised to check the credentials of a dealer before using his/her services.

Display of any trademarks, tradenames, logos and other subject matters of intellectual property belong to their respective intellectual property owners. Display of such IP along with the related product information does not imply BankBazaar's partnership with the owner of the Intellectual Property or issuer/manufacturer of such products.

GST rate of 18% applicable for all financial services effective July 1, 2017.

Display of any trademarks, tradenames, logos and other subject matters of intellectual property belong to their respective intellectual property owners. Display of such IP along with the related product information does not imply BankBazaar's partnership with the owner of the Intellectual Property or issuer/manufacturer of such products.

HDFC Arbitrage Fund Reviews

Page 1 of 5 1 2 3 4 5
  • review Mutual Fund
    "Good Investment"
    HDFC BANK
    0.5 4.0/5 "Great!"
    I do have small cap investment in HDFC, monthly I pay around Rs. 8500, there is no locking period for such. I kept the investment for long term, the investment growth is good, I could track the details through third party website however there is no brokerage charges.
    Was this review helpful? 0
    , hyderabad
    Reviewed on Apr 01, 2019
  • review Mutual Fund
    "Its Good"
    HDFC BANK
    0.5 4.0/5 "Great!"
    I have large cap mutual fund in HDFC, I used to invest Rs. 22,000 its performing very good. Whatever the interest is accumulation on that its fine. I am happy about it. If I withdraw the amount lesser than one year some charges applicable,but I crossed more than a year.
    Was this review helpful? 0
    , hyderabad
    Reviewed on Apr 01, 2019
  • review Mutual Fund
    "Good service"
    HDFC BANK
    0.5 4.0/5 "Great!"
    I have mutual fund account from HDFC , I invest Rs. 3000 per month on the SIP,The benefits are very good. I could see some profit. There is no commission to maintain this account, on line option is available to track the mutual fund details.so far their service is good.
    Was this review helpful? 0
    , hyderabad
    Reviewed on Apr 01, 2019
  • review Mutual Fund
    "Good Investment"
    HDFC BANK
    0.5 5.0/5 "Blown Away!"
    I have mutual fund account from HDFC , I invest Rs. 3000 per month on the SIP, it has the locking period around 2 years. The benefits are very good. I invested TATA Indicom, I could see some profit. There is no commission to maintain this account, online option is available to track the mutual fund details.
    Was this review helpful? 0
    , thane
    Reviewed on Mar 17, 2019
  • review Mutual Fund
    "Its Good"
    HDFC BANK
    0.5 4.0/5 "Great!"
    I have invested in Large cap ulip, I approximately invest Rs. 10,000 on monthly basis with HDFC Mutual fund. Currently the market growth is less . I can track the details through application. It has the locking period of 5 years. I have received some knowledge too.
    Was this review helpful? 0
    , bangalore
    Reviewed on Feb 28, 2019
  • review Mutual Fund
    "One can go for it"
    HDFC BANK
    0.5 4.0/5 "Great!"
    I do my banking transactions with HDFC BANK and they are good. The return is not very high but its good. The main thing is its safe and secured. I can manage this account online and the customer service is very good. I am investing monthly Rs.3000. The rate of interest is good and there was no hidden charges.
    Was this review helpful? 0
    , new delhi
    Reviewed on Feb 19, 2019
  • review Mutual Fund
    "Great investment"
    HDFC BANK
    0.5 4.0/5 "Great!"
    Through HDFC I done the mutual fund investment, I used to make monthly SIP. I can withdraw the amount at any time, my personal banker resolve all my queries about it. There is no brokerage, so far I seen good growth and I can track it through online.
    Was this review helpful? 0
    , ahmedabad
    Reviewed on Jan 31, 2019
  • review Mutual Fund
    "Excellent Service"
    HDFC BANK
    0.5 5.0/5 "Blown Away!"
    It was quite a good services with them where i had been investing on them for a while now. Their customer support executives has been good in guiding through out the process and the plan is good. Everything has been doing online and there hasn't been any hassle faced with them. The tenure period is almost for three years.
    Was this review helpful? 0
    , pune
    Reviewed on Jan 09, 2019
  • review Mutual Fund
    "Moderate risk with wealth create"
    HDFC BANK
    0.5 5.0/5 "Blown Away!"
    They are the top performer in the market. They are providing good growth in the equity funds. I have taken a ELSS fund. The growth rate was high and compared with others. In 2015, i have purchased a fund with them. I compared the fund performance which is good one. They have given more than 15% growth and i have redeem the investment after 3 years.
    Was this review helpful? 0
    , mumbai
    Reviewed on Dec 29, 2018
  • review Mutual Fund
    "Good Investment"
    HDFC BANK
    0.5 4.0/5 "Great!"
    Recently I bought some shares in HDFC, I can deposit minimum to maximum amount on monthly or quarterly basis, it doesn't have any locking period. Till now I have invested Rs.10,000 but I didn't see any gain, based on the market growth it get increase.
    Was this review helpful? 0
    , pune
    Reviewed on Dec 22, 2018
  • review Mutual Fund
    "Good investment with HDFC"
    HDFC BANK
    0.5 5.0/5 "Blown Away!"
    I have investing Rs. 5000 per month on my HDFC mutual fund. I have invested in 2 to 3 mutual fund products, I used to get some benefits, based on the price and returns. There is a locking period of five years, I am fine with my bank its good for investment.
    Was this review helpful? 0
    , pune
    Reviewed on Dec 17, 2018
  • review Mutual Fund
    "Good Investment Plan"
    HDFC BANK
    0.5 4.0/5 "Great!"
    I have taken Mutual funds from Hdfc bankI have taken Mutual funds from Hdfc bank . I have chosen this based on my advisor . Their customer representative gave good support for the investment plan Am satisfied with the amount which am paying through Ecs mode . I have chosen long term investment plan where i have to pay monthly . I have chosen this based on my advisor . Their customer representative gave good support for the investment plan Am satisfied with the amount which am paying through Ecs mode . I have chosen long term investment plan where i have to pay monthly
    Was this review helpful? 0
    , hyderabad
    Reviewed on Dec 16, 2018
  • review Mutual Fund
    "Good Investment Plan"
    HDFC BANK
    0.5 5.0/5 "Blown Away!"
    I have taken Mutual funds from Hdfc bank . I have chosen this based on am holding my salary account . Their customer representative gave good support for the investment plan . Its good investment plan . Where i have chosen systematic investment plan . Overall am satisfied with it
    Was this review helpful? 0
    , new delhi
    Reviewed on Dec 06, 2018
  • review Mutual Fund
    "Its Better"
    HDFC BANK
    0.5 4.0/5 "Great!"
    I have Mututal fund with HDFC, so many times their market price is getting down. The customer service is good. There is the locking period around 5 years, I could track the mutual fund transaction through HDFC netbanking. They have no commission for maintenance.
    Was this review helpful? 0
    , bangalore
    Reviewed on Nov 30, 2018
  • review Mutual Fund
    "Its Better"
    HDFC BANK
    0.5 4.0/5 "Great!"
    I have Mututal fund with HDFC, so many times their market price is getting down. The customer service is good. There is the locking period around 5 years, I could track the mutual fund transaction through HDFC netbanking. They have no commission for maintenance.
    Was this review helpful? 0
    , bangalore
    Reviewed on Nov 30, 2018
  • review Mutual Fund
    "Fluctuating plan"
    HDFC BANK
    0.5 4.0/5 "Great!"
    I have closed the Gold plan with HDFC Mutual fund. I have closed this mutual fund long back. That time price was slashed thats reason i have closed the plan. This policy is not beneficial for me. I never called the customer care service and i have taken the plan through broker. I have made the payment of Rs. 2000 monthly. In 2011, i took this plan and in 2014 i have closed it. I invested more money but it got reduced and i don't get any benefits.
    Was this review helpful? 0
    , chennai
    Reviewed on Nov 30, 2018
  • review Mutual Fund
    "Very Good Service"
    HDFC BANK
    0.5 4.0/5 "Great!"
    I had started investing in them almost five years back and the i had payed the premium once. The fund has a good growth and their customer support has been intimating me about the details about the fund at times. There has not been any hassle faced with the services of them so far.
    Was this review helpful? 0
    , pune
    Reviewed on Nov 17, 2018
  • review Mutual Fund
    "Good "
    HDFC BANK
    0.5 4.0/5 "Great!"
    I have chosen HDFC BANK for Mutual Fund because its my saving account where Citi is just been a salary account. Every time transactions has done through online website. I have just started this year and right now the markets are down so need to wait. The locking period is 3 years, every month 10grand will be auto debited.
    Was this review helpful? 0
    , new delhi
    Reviewed on Nov 08, 2018
  • review Mutual Fund
    "Good"
    HDFC BANK
    0.5 5.0/5 "Blown Away!"
    I don't have any problem with HDFC Bank, I put Mutual fund just for tax purpose and instead of insurance. I have searched online and found HDFC has providing Mutual Fund so chosen without any reason. Am paying monthly Rs.6500 through ECS. They are providing a good interest rate. Getting proper monthly updates through msg and mail. Net banking service is good.
    Was this review helpful? 0
    , chennai
    Reviewed on Nov 02, 2018
  • review Mutual Fund
    "Its Good"
    HDFC BANK
    0.5 5.0/5 "Blown Away!"
    I have invested in HDFC mutual fund, I approximately make the premium around Rs.30,000 on month basis, there is some locking period around three years. According to the market risk I get the benefits from the invested products, I am fine with that.
    Was this review helpful? 0
    , lucknow
    Reviewed on Nov 01, 2018
Common Loader Icon
Page 1 of 5 1 2 3 4 5
reTH65gcmBgCJ7k
This Page is BLOCKED as it is using Iframes.