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A hybrid fund investing in equity, arbitrage and debt
- An open ended hybrid fund which aims to generate income by using arbitrage opportunities in the cash and derivatives segment of the equity market, and capital appreciation through a moderate exposure in equity. - The fund invests minimum of 65% in equity and equity related instruments of which the preferred allocation to cash-future arbitrage ranges from 30-40% and net long equity exposure ranges from 25-35%. - The fund allocates 10-30% assets in debt and money market instruments. - Equity portfolio is invested across the market caps with a bias towards large cap on the net long position - Debt portfolio has good credit mix with lower duration
For subscriptions received w.e.f. AUG 30th , 2018,Exit load: Redemption / Switch out within 12 months from the date of allotment – (i) NIL for upto 10% of the allotted Units (ii) 1.00 % for beyond 10% of the allotted Units.
SWP/Redeem/SIP/STRIP/Switch
Not Applicable
Equity and equity related instruments : 65-90% (Medium to High) Of Which Cash future arbitrage opportuniites: 20-75% (Low to Medium) Net long equity positions: 20-50% (Medium to High) Debt and Money Market Securities (including securitized debt & margin for derivates)*: 10-35% (Low to Medium) Units issued by REITs & InvITs: 0-10% (Medium to High) *The fund may invest up to 50% of its debt portfolio in securitized debt.
The investment objective of the Scheme is to provide capital appreciation and income distribution to the investors using arbitrage opportunities, investment in equity / equity related instruments and debt / money market instruments. However, there is no assurance or guarantee that the investment objective of the Scheme would be achieved.
Equity Savings
An open ended scheme investing in equity, arbitrage and debt
- The fund follows a combination of top down & bottom up approach for sector selection and looks for sectors going through short term challenges and trading at below long term averages. - Fund picks stocks trading at deep discount to their intrinsic value and with signs of value unlocking - Focuses on stocks that are below its long term averages or when it is cheap relative to market aggregates - Encashes arbitrage opportunities arising out of mispricing in cash future market - Debt portion brings in stability to the portfolio with good quality credit papers with low duration - Follows accrual strategy for debt portfolio
This product is suitable for investors who are seeking*: optimal returns over the medium to long term to invest predominantly in AA+ and above rated corporate debt RISKOMETER Investors should consult their financial advisers if in doubt about whether the product is suitable for them.
- Investors looking for overall portfolio diversification - Investors who want growth with limited downside risk to their portfolio - Investors looking for tax efficient returns - Retirees looking for moderate and stable returns with low volatility - First time mutual fund investors
An open-ended hybrid fund that integrates equity, arbitrage and debt with an endeavour to deliver relatively stable returns with lower volatility. Equity gives an opportunity to unlock growth opportunities while arbitrage & debt portion moderates volatility, brings stability and facilitate periodical income for the fund.