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IDFC Arbitrage Plus Fund - New Concept Gilt + Tax Free returns

Arbitrage Plus Fund

IDFC Arbitrage Plus fund is a fund that takesadvantage of a temporary price differential in cash and derivative segment of equity market, and is low-risk in nature. It can also participate in strategies that may involve relatively more risk than usual arbitrage positions, but only upto 5% of the portfolio. Typically the fund will have atleast 65% of the portfolio in hedged equities and so are classified as equity-oriented funds with dividend from them declared tax free under current tax laws.

The debt portion of the portfolio intends to take active duration call across the yield curve in line with our interest rate view. Currently, we foresee the participation via the Government Securities (Gsec). However the fund manager may choose to invest in Gsec/Corporate Bond/other Debt market securities in line with the rate view.

The fund will thus have atleast 65% of the portfolio in equity positions (hedged), and the balance upto 35% will be invested in CBLO and Fixed Deposits up to 3 months and in actively managed debt strategies.

Benefits of Active Duration Management:

In a bullish rate view environment:

The allocation to the government bonds (as currently planned), gives an investors a short/medium term fund type of duration exposure with the benefits of equity taxation as per current tax laws.

In a bearish rate view environment:

The duration exposure will be collapsed to reflect a cash/very short term fund; the fund will be similar in positioning to the Arbitrage Fund.

NAV movement of Arbitrage Plus Fund:

Source: MFI Explorer, Data as on December 23, 2014

Dividend History:

Dividend has been paid consistently on monthly basis for last one year.

IDFC Arbitrage Plus Fund - Reg - Dividend

Record Date

Record Date NAV

Dividend Per Unit

27-Nov-14

11.89

0.09

27-Oct-14

11.92

0.09

26-Sep-14

12.02

0.09

27-Aug-14

11.97

0.09

30-Jul-14

12.00

0.09

27-Jun-14

11.99

0.09

29-May-14

12.00

0.09

29-Apr-14

12.01

0.09

24-Mar-14

12.00

0.09

26-Feb-14

12.10

0.09

30-Jan-14

12.04

0.09

30-Dec-13

12.05

0.06

Face Value per Unit (in Rs) is 10

Dividend is not guaranteed and past performance may or may not be sustained in future.Pursuant to payment of dividend, the NAV of the scheme would fall to the extent of payout and statutory levy (as applicable).

Source: ICRA MFI Explorer

Product Label:

Disclaimer:

MUTUAL FUND INVESTMENTS ARE SUBJECT TO MARKET RISKS, READ ALL SCHEME RELATED DOCUMENTS CAREFULLY.

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