Indiabulls Mutual Fund was established as a Trust with Indiabulls Housing Finance Ltd. as the sponsor and Indiabulls Trustee Company Ltd. as its trustee. Indiabulls Housing Finance Ltd. is ranked as the leading financial services group in India and caters to more than 9,20,000 customers in the country. Indiabulls Mutual Fund offers schemes in the debt and equity categories.
The Indiabulls Arbitrage Fund - Direct Plan - Growth Option is an open-ended equity scheme that invests in arbitrage opportunities. The direct plan of the scheme offers lower expense ratio to the investor while the growth option offers capital appreciation at the completion of the investment period.
To produce income for the investor by making use of arbitrage opportunities in the derivative segments of equity markets while also allocating a minor portion of the investments in debt and money market securities.
Key Features of the Scheme
The Indiabulls Arbitrage Fund is ideal for investors who wish to receive reasonable returns over a short to medium term and exhibits the below features:
|Type of Fund||An open-ended scheme that invests in arbitrage opportunities|
|Options under each Plan||
|Systematic Investment Plan||Available|
|Systematic Transfer Plan||Available|
|Systematic Withdrawal Plan||Available|
Investment Amount for Indiabulls Arbitrage Fund
|Minimum Application Amount||Rs.500 and in multiples of Re.1 thereafter|
|Minimum Additional Investment||Rs.500 and in multiples of Re.1 thereafter|
|Minimum installment for Systematic Investment Plan (SIP)||Rs.1,000 and in multiples of Re.1 thereafter|
|Minimum installment for Systematic Withdrawal Plan (SWP)||Rs.1,000 for monthly, Rs.3,000 for quarterly|
|Entry Load||Not Applicable|
|Exit Load||0.25% exit load will be charged if an investor redeems/switches units before 1 month from unit allotment date. No exit load will be charged thereafter.|
Asset Allocation for Indiabulls Arbitrage Fund
|Instruments||Indicative Allocation Percentage of total assets||Risk Profile|
|Equity and its related securities||65%||100%||Medium to High|
|Equity derivatives||65%||100%||Medium to High|
|Debt and money market securities||0%||35%||Low|
NAV Disclosure and Benchmark for Indiabulls Arbitrage Fund
The NAV of Indiabulls Arbitrage Fund is obtained by dividing the scheme’s net assets by the number of outstanding units on the date of valuation. The NAV will be calculated up to 2 decimal places and disclosed at the end of every business day. The NAV of the dividend option and the growth option will be calculated separately.
The NAV will be updated on the website of AMFI (www.amfiindia.com) and website of Indiabulls Mutual Fund (www.indiabullsamc.com) by 9:00 p.m. on every business day. The NAV will also be sent to at least 2 newspapers for publication on every business day. The newspapers publishing the NAV will have a nationwide circulation. The scheme’s monthly portfolio will also be available on the official website of Indiabulls Mutual Fund on or before the 10th day of the succeeding month.
Liquidity: Being an open-ended scheme, units can be redeemed/switched out at applicable NAVs on all business days.
Benchmark: CRISIL Liquid Fund Index
Mr. Sumit Bhatnagar
The Indiabulls Arbitrage Fund is managed by Mr. Sumit Bhatnagar who has been managing the scheme since inception. Mr. Bhatnagar joined Indiabulls AMC in February 2009 and has over 15 years of experience in capital markets and banking. The other schemes managed by him include Indiabulls Bluechip Fund, Indiabulls Tax Savings Fund, and Indiabulls Savings Income Fund.
Why you should invest in Indiabulls Arbitrage Fund
- Multiple investment options - The Indiabulls Arbitrage Fund comes in regular and direct plans wherein the direct plan will have a lower expense ratio than the regular plan. Also, investors can choose between growth and dividend options. The growth option will allow investors to enjoy capital gains at the end of the investment period while the dividend option will offer them a regular income.
- Liquidity - Investors subscribing to the units of the Indiabulls Arbitrage Fund can redeem and purchase units at applicable NAVs on any business day. Hence, investors can reap the benefits of liquidity.
- Professional management - The fund manager of the scheme, Mr. Sumit Bhatnagar has been handling investments for many years. With such an experience, you can be sure that your investments will be handled efficiently to yield optimal returns.
- Low risk - The risk associated with the scheme is low and hence, is ideal for investors who wish to grow their capital but do not have a high-risk appetite.
GST rate of 18% applicable for all financial services effective July 1, 2017.