(An Open ended Scheme investing in arbitrage opportunities)
(An Open ended Scheme investing in
arbitrage opportunities)
The primary investment objective of the scheme is to generate income and capital appreciation by investing in a combination of diversified portfolio of equity and equity related instruments, including use of equity derivatives strategies and arbitrage opportunities with exposure in debt and fixed income instruments. However, there can be no assurance that the investment objectives of the Scheme will be realized. The Scheme does not guarantee/indicate any returns.
NAV Details (As On February 28, 2023)| Regular Plan - Growth Option | : ₹ 13.650 |
| Regular Plan - Adhoc IDCW Option | : ₹ 10.859 |
| Regular Plan - Monthly IDCW Option | : ₹ 10.211 |
| Regular Plan - Quarterly IDCW Option | : ₹ 10.391 |
| Direct Plan - Growth Option | : ₹ 14.176 |
| Direct Plan - Adhoc IDCW Option | : ₹ 11.054 |
| Direct Plan - Monthly IDCW Option | : ₹ 10.493 |
| Direct Plan - Quarterly IDCW Option | : ₹ 10.708 |
Benchmark Index (Tier 1)Nifty 50 Arbitrage Index
Date of AllotmentDecember 28, 2016
Fund Manager μ| Category | Fund Manager | Managing fund since | Experience |
| Equity | Neeraj Saxena | 14-Mar-22 | 18 years |
| Fixed Income | Vikram Pamnani | 16-Mar-22 | 12 years |
Load StructureEntry Load
Exit Load: 0.25%, if redeemed or switched-out upto 1 month from the date of allotment of units; Nil, if redeemed or switched-out after 1 month from the date of allotment of units.
For detailed load structure please refer Scheme Information Document of the scheme
μ Dedicated Fund Manager for Overseas Investments: Mr. Miten Vora (managing fund since December 01, 2022)
Minimum Application Amount:
₹ 5,000 and in multiples of ₹ 1 thereafter.
Minimum Additional Application Amount:₹ 1,000 and in multiples of ₹ 1 thereafter
Minimum Application Amount:
(i) Daily, Weekly, Monthly SIP: ₹ 500/- and in multiples of
₹ 1/- thereafter;
(ii) Quarterly SIP: ₹ 1500/- and in multiples of ₹ 1/- thereafter.
There is no upper limit
Frequency Available:Daily, Weekly, Monthly and Quarterly
| Monthly AAUM## As On February 28, 2023 | : ₹ 360.63 Crores |
| AUM## As On February 28, 2023 | : ₹ 354.12 Crores |
## excluding inter-scheme Investments, if any, by other schemes of BNP Paribas Mutual Fund, as may be applicable
| EQUITY HOLDINGS | % of Net Assets | Derivatives |
| PERSONAL PRODUCTS | 0.00% | |
| Marico Ltd. | 0.82% | -0.81% |
| IT - SOFTWARE | 0.00% | |
| Wipro Ltd. | 1.11% | -1.12% |
| REALTY | 0.00% | |
| DLF Ltd. | 1.05% | -1.05% |
| LEISURE SERVICES | -0.01% | |
| The Indian Hotels Company Ltd. | 1.00% | -1.01% |
| POWER | -0.01% | |
| Tata Power Company Ltd. | 1.93% | -1.94% |
| PHARMACEUTICALS & BIOTECHNOLOGY | -0.01% | |
| Cipla Ltd. | 0.92% | -0.92% |
| PETROLEUM PRODUCTS | -0.01% | |
| Reliance Industries Ltd. | 1.93% | -1.94% |
| CONSUMER DURABLES | -0.01% | |
| Asian Paints Ltd. | 1.04% | -1.05% |
| AEROSPACE & DEFENSE | -0.02% | |
| Bharat Electronics Ltd. | 2.06% | -2.07% |
| Hindustan Aeronautics Ltd. | 1.64% | -1.64% |
| CEMENT & CEMENT PRODUCTS | -0.01% | |
| Ultratech Cement Ltd. | 2.69% | -2.70% |
| DIVERSIFIED FMCG | -0.02% | |
| ✔ Hindustan Unilever Ltd. | 3.88% | -3.90% |
| AUTOMOBILES | -0.02% | |
| ✔ Tata Motors Ltd. | 3.15% | -3.16% |
| FINANCE | -0.07% | |
| ✔ Housing Development Finance Corporation Ltd. | 5.97% | -6.00% |
| ✔ REC Ltd. | 3.28% | -3.29% |
| L&T Finance Holdings Ltd. | 2.22% | -2.24% |
| IDFC Ltd. | 1.80% | -1.81% |
| Manappuram Finance Ltd. | 0.94% | -0.94% |
| Bajaj Finserv Ltd. | 0.90% | -0.91% |
| BANKS | -0.10% | |
| ✔ Axis Bank Ltd. | 4.23% | -4.26% |
| ✔ HDFC Bank Ltd. | 3.45% | -3.47% |
| ✔ Bandhan Bank Ltd. | 3.27% | -3.30% |
| Kotak Mahindra Bank Ltd. | 2.83% | -2.85% |
| ICICI Bank Ltd. | 2.37% | -2.38% |
| Punjab National Bank | 0.85% | -0.86% |
| State Bank of India | 0.75% | -0.76% |
| EQUITY LESS THAN 0.75% OF CORPUS | 12.57% | -12.64% |
| Total Equity Holdings | 68.66% | -69.01% |
| Fixed Income Holdings | Rating | % of Net Assets |
| Government Securities | 7.06% | |
| ✔ GOI 07.16% 20.05.2023 | SOVEREIGN | 7.06% |
| Money Market Instruments | 24.78% | |
| ✔ 364 DAY T-BILL 16.03.23 | SOVEREIGN | 7.04% |
| ✔ 364 DAY T-BILL 28.12.23 | SOVEREIGN | 6.66% |
| Export-Import Bank of India | CRISIL A1+ | 2.73% |
| TREPS/Reverse Repo | 8.36% | |
| Total Fixed Income Holdings | 31.84% | |
| Net Receivables / (Payables) | -0.50% | |
| GRAND TOTAL | 100.00% |
Investment in Top 10 scrips constitutes 48% of the portfolio
Pursuant to distribution under Income Distribution cum Capital Withdrawal (‘IDCW’) option, NAV of the IDCW option of the scheme(s) would fall to the extent of payout and statutory levy (if applicable).
The
amounts under IDCW options can be distributed out of investors capital (Equalization Reserve), which is part of sale price that represents realized gains. Past performance may or may not be sustained in future.
The above stated distribution rate per unit is net distribution rate after deducting applicable taxes. The above distribution rates are on face value of ₹ 10 per unit, except for Baroda BNP Paribas Liquid Fund where
the face value is ₹ 1,000 per unit.
| TER - Regular Plan (%) | 1.10 |
| TER - Direct Plan (%) | 0.49 |
| Portfolio Turnover Ratio | 19.38 |
| Standard Deviation* | 0.71% |
| Beta* | 0.56 |
| Sharpe Ratio* | -4.00 |
| Sharpe Ratio (annualised), Standard Deviation (annualised) and Beta are based on last 36 monthly data points. | |
*The information contained in this report has been obtained from sources considered to be authentic and reliable. This quantitative data does not purport to be an offer for purchase and sale of mutual fund units. The risk free rate of return considered for calculation of Sharpe ratio is 6.70%, as per 1 day MIBOR rate on the last business day of the month.
| Average Maturity (years) | 0.28 |
| Modified Duration (years) | 0.26 |
| YTM (%) | 6.88 |
| Macaulay Duration† (years) | 0.27 |
†Concept of Macaulay duration: The Macaulay Duration is a measure of a bond’s sensitivity to interest rate changes. It is expressed in annual terms. It is the weighted average term to maturity of the cash flows from a bond. The weight of each cash flow is determined by dividing the present value of the cash flow by the price. Factors like a bond’s price, maturity, coupon, yield to maturity among others impact the calculation of Macaulay duration.
Click here for Product label, Scheme riskometer and Benchmark riskometer.
Mutual Fund investments are subject to market risks, read all scheme related documents carefully.