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Return/Risk: The fund is performing poorly than its category.
Exit Load: Exit load of 0.25%, if redeemed within 30 days.
VRO rating | N.A. |
Expense ratio | 0.31% as on Apr 30, 2024 |
Exit load | 0.25% Exit load of 0.25%, if redeemed within 30 days.! |
AUM (Fund size) | ₹573 Crs |
Lock-in | No Lockin |
Age | 6 m since Oct 23, 2023 |
Benchmark | Nifty 50 Arbitrage |
Min. investment | SIP ₹1000 & Lump. ₹1000 |
Risk | Low |
Short term capital gains (STCG) | Returns taxed at 15% if you redeem before 1 year |
Long term capital gains (LTCG) | After 1 year, pay tax of 10% on returns of ₹1 lakh+ in a financial year |
Period | This fund | Category average |
---|---|---|
1 month | 0.48% | 0.49130434782608706% |
3 months | 1.94% | 1.995217391304348% |
6 months | 3.94% | 4.108695652173914% |
Large Cap -0.435885429632%
Mid Cap -0.149519302592%
Small Cap -0.05459526777600001%
Other Cap 0.0%
Financial 26.939999999999998%
Energy 17.439999999999998%
Communication 5.13%
Healthcare 4.89%
Cash 80.94%
A1+ 11.26044%
SOV 6.22332%
Cash & Call Money 2.18799001%
ICICI Bank Ltd. 2.52%
Others 1.97%
Axis Bank Ltd. 1.69%
HDFC Bank Ltd. 1.64%
Cash Margin 80.94%
Mutual Fund 11.3%
Certificate of Deposit 5.8500000000000005%
CBLO 1.97%
Others 80.94%
Parag Parikh Liquid Fund Direct - Growth 11.3%
Fund name | ETM Rank | AUM (in Crs.) | Fund age | Expense ratio |
---|---|---|---|---|
Edelweiss Arbitrage Fund | #1 | ₹10,243 Crs | 9 yrs 11 m | 0.37% |
Tata Arbitrage Fund | #2 | ₹11,606 Crs | 5 yrs 5 m | 0.29% |
Invesco India Arbitrage Fund | #3 | ₹15,281 Crs | 11 yrs 4 m | 0.39% |
Nippon India Arbitrage Fund | #4 | ₹14,796 Crs | 11 yrs 4 m | 0.37% |
Kotak Equity Arbitrage Fund | #5 | ₹43,515 Crs | 11 yrs 4 m | 0.44% |
Fund name | 1M | 6M | 1Y | 3Y | 5Y | 10Y |
---|---|---|---|---|---|---|
Edelweiss Arbitrage Fund | 0.49% | 4.32% | 8.45% | 6.5% | 6.11% | 6.69% |
Tata Arbitrage Fund | 0.46% | 4.2% | 8.28% | 6.34% | 6.17% | 3.34% |
Invesco India Arbitrage Fund | 0.51% | 4.23% | 8.36% | 6.66% | 6.11% | 6.64% |
Nippon India Arbitrage Fund | 0.5% | 4.23% | 8.29% | 6.38% | 5.97% | 6.74% |
Kotak Equity Arbitrage Fund | 0.5% | 4.35% | 8.53% | 6.52% | 6.02% | 6.7% |
Fund name | Std. deviation | Beta | Sharpe | Sortino |
---|---|---|---|---|
Edelweiss Arbitrage Fund | 0.68 | 0.88 | 1.44 | 2.0 |
Tata Arbitrage Fund | 0.66 | 0.96 | 1.27 | 1.91 |
Invesco India Arbitrage Fund | 0.66 | 0.82 | 1.68 | 2.29 |
Nippon India Arbitrage Fund | 0.65 | 0.89 | 1.34 | 1.97 |
Kotak Equity Arbitrage Fund | 0.7 | 0.88 | 1.43 | 2.06 |
Risk ratios are based on three-year data. The required data is unavailable for the scheme.
Fund AUM | ₹573 Crs as on Mar 31, 2024 |
Scheme document | View Scheme Document |
The scheme seeks to generate capital appreciation and income by predominantly investing in arbitrage opportunities in the cash and derivatives segment of the equity market, and by investing the balance in debt and money market instruments.
No. of schemes | 6 view all schemes |
Total AUM | ₹64,296 Crs as on Mar 31, 2024 |
Address | 81/82, 8th Floor, Sakhar Bhavan, Ramnath Goenka Marg, 230 Nariman Point Mumbai, 400021 |
mf@ppfas.com | |
Phone | 91 22 6140 6555 |
Fund name | AUM (in Crs.) | 1Y | 5Y |
---|---|---|---|
Parag Parikh Conservative Hybrid Fund | ₹1,941 Crs | 16.83% | N.A. |
Parag Parikh Dynamic Asset Allocation Fund | ₹479 Crs | N.A. | N.A. |
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However, with ET Money's fund report card, it is now possible to find a fund that consistently ranks at the top and generates wealth over a long period of time. This valuable resource makes it easier to navigate the complex and constantly changing world of financial markets.
At ET Money, we have developed a smart ranking system for funds based on their consistency. We believe that consistently performing at the top of a category is more important than just occasionally ranking highly. To evaluate the consistency of a fund, we have identified two key parameters: "consistency of returns" and "protection from volatility." We assess these parameters by analyzing the strong performance and low volatility of a fund over a prolonged period of time. To arrive at a rating for these parameters, we carefully consider the track record of a fund in terms of both performance and volatility.
In our ranking methodology, we prioritize funds that consistently perform well over those that fluctuate in their performance. To ensure stability in our rankings, we analyzed data for a minimum of five years, rather than just a year or two. We also placed a greater emphasis on recent performance, as it tends to have a greater impact on momentum. This allows us to capture the full potential of recent momentum in our rankings.
NAV or Net Asset Value is the per-unit price of the Mutual Fund. The NAV of a Mutual Fund changes every day. It is calculated by taking the current value of the holdings of the fund at end of the day, subtracting the expenses, and dividing the value by the number of units issued to date.
The NAV of Parag Parikh Arbitrage Fund for May 17, 2024 is 10.4344.
On ET Money, Investing in Parag Parikh Arbitrage Fund is fast, easy, and 100% paperless. And it takes only minutes. Here is what you need to do -
The Expense Ratio of a Mutual Fund is the annual charges you pay to the Mutual Fund company for managing your investments in that fund. The Expense Ratio is a percentage of Assets Under Management (AUM) and is taken from the returns generated by the fund. For this reason, a fund with a lower expense ratio is always better because a smaller part of the returns will be taken and that means more returns for you.
The Expense Ratio of the direct plan of Parag Parikh Arbitrage Fund is 0.31%. .
Redeeming your investments in Parag Parikh Arbitrage Fund is super easy. If you have invested in this fund via ET Money, just login into the app, go to the investment section and put the redemption request.
If you have invested in Parag Parikh Arbitrage Fund from anywhere else, you can go to the fund house website and put a request through it.
AUM or Asset Under Management is the total value of the assets held by a Mutual Fund scheme. For instance, for an equity Mutual Fund, the AUM will be the total value of its portfolio's equity shares (plus any other asset it might have invested in). The AUM of the fund changes every day because the price of the underlying asset fluctuates daily. However, the Mutual Fund company doesn't update it every day. It is updated only at the end of the month and released within few days of the next month.
The AUM of the fund is a good indicator of its popularity. A fund with a high AUM means a lot of money has been invested in it, and investors like it. However, the AUM should never be the primary criteria while selecting a fund. There are funds with huge AUMs that continue to perform well despite their size.
The AUM of Parag Parikh Arbitrage Fund is ₹573 Crs.
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