Franklin India Arbitrage Fund
As on April 30, 2025
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Franklin India Arbitrage Fund As on April 30, 2025 |
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TYPE OF SCHEME
An open-ended scheme investing in arbitrage opportunities
SCHEME CATEGORY
Arbitrage Fund
SCHEME CHARACTERISTICS
Equity related securities including derivative instruments 65%, Debt & Money Market Instruments 35%
INVESTMENT OBJECTIVE
The investment objective of the scheme is to generate capital appreciation and income by predominantly investing in arbitrage opportunities in the cash and derivative segments of the equity markets and the arbitrage opportunities available within the derivative segment and by investing the balance in debt and money market instruments.
DATE OF ALLOTMENT:
November 19, 2024
FUND MANAGER(S):
Yogik Pitti, Rajasa Kakulavarapu, Pallab Roy
& Rohan Maru (w.e.f. December 3, 2024)
BENCHMARK:
Nifty 50 Arbitrage Index
EXPENSE RATIO#: 0.98%
EXPENSE RATIO# (DIRECT) : 0.29%
# The above ratio includes the GST on Investment Management Fees. The rates specified are the actual expenses charged as at the end of the month. The above ratio also includes, proportionate charge in respect sales beyond T-30 cities subject to maximum of 30 bps on daily net assets, wherever applicable. MINIMUM INVESTMENT/
MULTIPLES FOR NEW INVESTORS:
Rs 5000/1 MINIMUM INVESTMENT FOR SIP
Rs 500/1
ADDITIONAL INVESTMENT/
MULTIPLES FOR EXISTING INVESTORS:
Rs1000/1 LOAD STRUCTURE:
Plan A
An open-ended scheme investing in arbitrage opportunities
SCHEME CATEGORY
Arbitrage Fund
SCHEME CHARACTERISTICS
Equity related securities including derivative instruments 65%, Debt & Money Market Instruments 35%
INVESTMENT OBJECTIVE
The investment objective of the scheme is to generate capital appreciation and income by predominantly investing in arbitrage opportunities in the cash and derivative segments of the equity markets and the arbitrage opportunities available within the derivative segment and by investing the balance in debt and money market instruments.
DATE OF ALLOTMENT:
November 19, 2024
FUND MANAGER(S):
Yogik Pitti, Rajasa Kakulavarapu, Pallab Roy
& Rohan Maru (w.e.f. December 3, 2024)
BENCHMARK:
Nifty 50 Arbitrage Index
| TURNOVER | |
| Total Portfolio Turnover$ | 758.52% |
| Portfolio Turnover (Equity)** | 1045.42% |
| $ Includes fixed income securities and equity derivatives ** Computed for equity portion of the portfolio including equity derivatives | |
| MATURITY & YIELD$ | |
| RESIDUAL MATURITY / AVERAGE MATURITY | 0.77 years |
| ANNUALISED PORTFOLIO YTM# | 6.53% |
| MODIFIED DURATION | 0.70 years |
| MACAULAY DURATION | 0.75 years |
| #Yields of all securities are in annualised terms | |
# The above ratio includes the GST on Investment Management Fees. The rates specified are the actual expenses charged as at the end of the month. The above ratio also includes, proportionate charge in respect sales beyond T-30 cities subject to maximum of 30 bps on daily net assets, wherever applicable. MINIMUM INVESTMENT/
MULTIPLES FOR NEW INVESTORS:
Rs 5000/1 MINIMUM INVESTMENT FOR SIP
Rs 500/1
ADDITIONAL INVESTMENT/
MULTIPLES FOR EXISTING INVESTORS:
Rs1000/1 LOAD STRUCTURE:
| Entry Load | : | Nil |
| Exit Load (for each purchase of Units) | : |
Nil (For 10% of the units purchased on or before
1 Month from the date of allotment) Upto 1 Month - 0.25% Nil - If redeemed after 30 days from the date of allotment (w.e.f. January 06, 2025) |
| Different plans have a different expense structure Sales suspended in Plan B - All Options |
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NAV AS OF APRIL 30, 2025
| Growth Plan | Rs 10.3041 |
| IDCW Plan | Rs 10.3041 |
| Direct - Growth Plan | Rs 10.3370 |
| Direct - IDCW Plan | Rs 10.3370 |
| FUND SIZE (AUM) | |
| Month End | Rs 236.21 Crores |
| Monthly Average | Rs 213.07 Crores |
| Outstanding exposure in derivative instruments | Rs 163.34 Crores |
| Outstanding derivative exposure | 69.15% |
| Company Name | No. of shares | Market Value Rs Lakhs | % of Assets | Outstanding derivative exposure as % to net assets Long / (Short ) |
| Aerospace & Defense | ||||
| Bharat Electronics Ltd | 25,650 | 80.57 | 0.34 | -0.34 |
| Hindustan Aeronautics Ltd | 1,650 | 74.05 | 0.31 | -0.31 |
| Agricultural Food & Other Products | ||||
| Tata Consumer Products Ltd | 45,600 | 531.60 | 2.25 | -2.25 |
| Patanjali Foods Ltd | 7,200 | 137.23 | 0.58 | -0.58 |
| Marico Ltd | 4,800 | 34.10 | 0.14 | -0.14 |
| Agricultural, Commercial & Construction Vehicles | ||||
| Escorts Kubota Ltd | 150 | 4.89 | 0.02 | -0.02 |
| Auto Components | ||||
| Samvardhana Motherson International Ltd | 1,24,250 | 165.59 | 0.70 | -0.70 |
| Bosch Ltd | 100 | 29.46 | 0.12 | -0.13 |
| Tube Investments of India Ltd | 600 | 17.39 | 0.07 | -0.07 |
| MRF Ltd | 10 | 13.45 | 0.06 | -0.06 |
| Automobiles | ||||
| Hero MotoCorp Ltd | 900 | 34.45 | 0.15 | -0.15 |
| Mahindra & Mahindra Ltd | 875 | 25.63 | 0.11 | -0.11 |
| Tata Motors Ltd | 550 | 3.54 | 0.02 | -0.02 |
| Banks | ||||
| HDFC Bank Ltd* | 53,350 | 1,026.99 | 4.35 | -4.38 |
| IDFC First Bank Ltd* | 12,30,000 | 798.15 | 3.38 | -3.39 |
| RBL Bank Ltd | 3,05,000 | 611.13 | 2.59 | -2.60 |
| ICICI Bank Ltd | 39,900 | 569.37 | 2.41 | -2.42 |
| Yes Bank Ltd | 17,94,000 | 317.90 | 1.35 | -1.35 |
| Axis Bank Ltd | 16,250 | 192.56 | 0.82 | -0.82 |
| Punjab National Bank | 1,20,000 | 120.25 | 0.51 | -0.51 |
| Kotak Mahindra Bank Ltd | 2,800 | 61.83 | 0.26 | -0.26 |
| Bandhan Bank Ltd | 25,200 | 41.74 | 0.18 | -0.18 |
| Bank of India | 19,300 | 22.22 | 0.09 | -0.09 |
| Beverages | ||||
| Varun Beverages Ltd | 30,625 | 159.97 | 0.68 | -0.68 |
| United Spirits Ltd | 9,800 | 153.26 | 0.65 | -0.65 |
| Capital Markets | ||||
| Multi Commodity Exchange Of India Ltd | 4,000 | 245.12 | 1.04 | -1.04 |
| HDFC Asset Management Company Ltd | 2,100 | 91.86 | 0.39 | -0.39 |
| Cement & Cement Products | ||||
| Ultratech Cement Ltd | 900 | 104.77 | 0.44 | -0.45 |
| Chemicals & Petrochemicals | ||||
| Pidilite Industries Ltd | 10,500 | 318.56 | 1.35 | -1.35 |
| Construction | ||||
| IRB Infrastructure Developers Ltd | 10,250 | 4.67 | 0.02 | -0.02 |
| Consumer Durables | ||||
| Titan Co Ltd | 10,850 | 366.70 | 1.55 | -1.56 |
| Crompton Greaves Consumer Electricals Ltd | 32,400 | 109.29 | 0.46 | -0.46 |
| Diversified Fmcg | ||||
| ITC Ltd | 94,400 | 401.96 | 1.70 | -1.70 |
| Hindustan Unilever Ltd | 4,800 | 112.42 | 0.48 | -0.48 |
| Electrical Equipment | ||||
| ABB India Ltd | 8,250 | 455.61 | 1.93 | -1.92 |
| Ferrous Metals | ||||
| Steel Authority of India Ltd | 1,48,000 | 168.29 | 0.71 | -0.71 |
| JSW Steel Ltd | 4,725 | 48.66 | 0.21 | -0.21 |
| Finance | ||||
| Jio Financial Services Ltd | 95,700 | 249.22 | 1.06 | -1.06 |
| REC Ltd | 56,000 | 235.26 | 1.00 | -1.00 |
| Manappuram Finance Ltd | 99,000 | 228.54 | 0.97 | -0.97 |
| Aditya Birla Capital Ltd | 1,08,000 | 212.07 | 0.90 | -0.90 |
| Piramal Enterprises Ltd | 9,000 | 87.12 | 0.37 | -0.37 |
| LIC Housing Finance Ltd | 2,000 | 12.02 | 0.05 | -0.05 |
| Food Products | ||||
| Nestle India Ltd | 400 | 9.55 | 0.04 | -0.04 |
| Gas | ||||
| Mahanagar Gas Ltd | 10,000 | 134.61 | 0.57 | -0.57 |
| GAIL (India) Ltd | 23,500 | 44.44 | 0.19 | -0.19 |
| Petronet LNG Ltd | 12,000 | 37.65 | 0.16 | -0.16 |
| Healthcare Services | ||||
| Apollo Hospitals Enterprise Ltd | 6,875 | 479.67 | 2.03 | -2.04 |
| Syngene International Ltd | 4,000 | 25.36 | 0.11 | -0.11 |
| Max Healthcare Institute Ltd | 1,050 | 11.53 | 0.05 | -0.05 |
| Industrial Products | ||||
| Astral Ltd | 367 | 4.94 | 0.02 | -0.02 |
| Insurance | ||||
| SBI Life Insurance Co Ltd | 15,750 | 278.11 | 1.18 | -1.18 |
| ICICI Lombard General Insurance Co Ltd | 1,250 | 23.46 | 0.10 | -0.10 |
| IT - Software | ||||
| Infosys Ltd | 26,400 | 396.03 | 1.68 | -1.68 |
| Coforge Ltd | 4,725 | 345.16 | 1.46 | -1.46 |
| Mphasis Ltd | 8,800 | 217.27 | 0.92 | -0.92 |
| Birlasoft Ltd | 51,000 | 199.00 | 0.84 | -0.85 |
| Tata Consultancy Services Ltd | 4,200 | 145.06 | 0.61 | -0.61 |
| Tech Mahindra Ltd | 4,200 | 63.13 | 0.27 | -0.27 |
| Persistent Systems Ltd | 200 | 10.64 | 0.05 | -0.05 |
| Leisure Services | ||||
| Indian Railway Catering And Tourism Corp Ltd | 10,500 | 78.91 | 0.33 | -0.34 |
| Jubilant Foodworks Ltd | 5,000 | 35.77 | 0.15 | -0.15 |
| Minerals & Mining | ||||
| NMDC Ltd | 5,40,000 | 349.87 | 1.48 | -1.48 |
| Non - Ferrous Metals | ||||
| Hindalco Industries Ltd | 1,400 | 8.75 | 0.04 | -0.04 |
| Oil | ||||
| Oil & Natural Gas Corporation Ltd | 5,775 | 14.12 | 0.06 | -0.06 |
| Oil India Ltd | 2,150 | 8.83 | 0.04 | -0.04 |
| Personal Products | ||||
| Godrej Consumer Products Ltd | 4,500 | 56.72 | 0.24 | -0.24 |
| Petroleum Products | ||||
| Reliance Industries Ltd* | 44,500 | 625.23 | 2.65 | -2.66 |
| Hindustan Petroleum Corporation Ltd | 68,850 | 260.73 | 1.10 | -1.11 |
| Pharmaceuticals & Biotechnology | ||||
| Divi's Laboratories Ltd | 1,800 | 109.57 | 0.46 | -0.47 |
| Laurus Labs Ltd | 5,100 | 30.80 | 0.13 | -0.13 |
| Granules India Ltd | 6,000 | 27.35 | 0.12 | -0.12 |
| Power | ||||
| JSW Energy Ltd | 56,250 | 269.55 | 1.14 | -1.15 |
| CESC Ltd | 1,55,025 | 246.51 | 1.04 | -1.05 |
| Tata Power Co Ltd | 62,100 | 238.71 | 1.01 | -1.01 |
| NTPC Ltd | 6,000 | 21.27 | 0.09 | -0.09 |
| Realty | ||||
| Godrej Properties Ltd | 26,325 | 569.01 | 2.41 | -2.41 |
| Prestige Estates Projects Ltd | 20,475 | 281.55 | 1.19 | -1.20 |
| DLF Ltd | 4,950 | 33.38 | 0.14 | -0.14 |
| Retailing | ||||
| Aditya Birla Fashion and Retail Ltd | 83,200 | 219.27 | 0.93 | -0.93 |
| Trent Ltd | 1,400 | 72.42 | 0.31 | -0.31 |
| Telecom - Services | ||||
| Vodafone Idea Ltd* | 1,38,00,000 | 982.56 | 4.16 | -4.16 |
| Bharti Airtel Ltd | 17,575 | 327.69 | 1.39 | -1.39 |
| Tata Communications Ltd | 250 | 3.98 | 0.02 | -0.02 |
| Transport Infrastructure | ||||
| GMR Airports Ltd | 1,01,250 | 88.28 | 0.37 | -0.38 |
| Transport Services | ||||
| Interglobe Aviation Ltd | 3,750 | 196.86 | 0.83 | -0.84 |
| Container Corporation Of India Ltd | 3,000 | 20.21 | 0.09 | -0.09 |
| Total Equity Holdings | 16,282.91 | 68.93 | -69.15 | |
| Company Name | Company Ratings | Market Value (including accrued interest, if any) (Rs. in Lakhs) | % of Assets | |
| LIC Housing Finance Ltd* | CRISIL AAA | 1,063.32 | 4.50 | |
| Poonawalla Fincorp Ltd* | CRISIL AAA | 1,002.91 | 4.25 | |
| Total Corporate Debt | 2,066.22 | 8.75 | ||
| Canara Bank* | CRISIL A1+ | 952.22 | 4.03 | |
| HDFC Bank Ltd* | CARE A1+ | 950.95 | 4.03 | |
| Total Money Market Instruments | 1,903.16 | 8.06 | ||
| 182 DTB (05-JUN-2025)* | SOVEREIGN | 1,491.60 | 6.31 | |
| 364 DTB (26-MAR-2026) | SOVEREIGN | 474.74 | 2.01 | |
| Total Gilts | 1,966.35 | 8.32 | ||
| Total Debt Holdings | 5,935.73 | 25.13 | ||
| Mutual Fund Units | ||||
| Franklin India Money Market Fund Direct-Growth Plan* | 19,43,748 | 996.87 | 4.22 | |
| Franklin India Liquid Fund Direct-Growth Plan | 1,306 | 51.22 | 0.22 | |
| Total Mutual Fund Units | 1,048.09 | 4.44 | ||
| Total Holdings | 23,266.73 | 98.50 | ||
| Margin on Derivatives | 99.70 | 0.42 | ||
| Call,cash and other current asset | 254.78 | 1.08 | ||
| Total Asset | 23,621.22 | 100.00 | ||
| * Top 10 holdings | ||||
@ Reverse Repo : 5.05%, Others (Cash/ Subscription receivable/ Redemption payable/ Receivables on sale/Payable on Purchase/ Other Receivable / Other Payable) : -3.97%
Note : Pursuant to downgrade of securities issued by Yes Bank Ltd to below investment grade on March 6, 2020 by ICRA, the AMC has created the segregated
portfolio in the scheme. For purpose of disclosure, this change has been incorporated in the scheme name.