Franklin India Arbitrage Fund
As on March 31, 2025
Franklin India Arbitrage Fund
As on March 31, 2025
TYPE OF SCHEME

An open-ended scheme investing in arbitrage opportunities
SCHEME CATEGORY

Hybrid 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$
657.36%
Portfolio Turnover (Equity)**
904.72%
$ Includes fixed income securities and equity derivatives
** Computed for equity portion of the portfolio including equity derivatives
MATURITY & YIELD$

RESIDUAL MATURITY / AVERAGE MATURITY0.48 years
ANNUALISED PORTFOLIO YTM#6.82%
MODIFIED DURATION0.45 years
MACAULAY DURATION0.48 years
#Yields of all securities are in annualised terms
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
Entry Load : Nil
Exit Load (for each purchase of Units) : 0.25% - if redeemed on or before 30 Days from the date of allotment
Different plans have a different expense structure
Sales suspended in Plan B - All Options
NAV AS OF MARCH 31, 2025

Growth Plan Rs 10.2346
IDCW Plan Rs 10.2346
Direct - Growth Plan Rs 10.2616
Direct - IDCW Plan Rs 10.2616
FUND SIZE (AUM)

Month EndRs 206.80 Crores
Monthly AverageRs 195.88 Crores
Outstanding exposure in derivative instrumentsRs 136.68 Crores
Outstanding derivative exposure66.09%

As per the addendum dated March 31, 2021, the Dividend Plan has been renamed to Income Distribution cum capital withdrawal (IDCW) Plan with effect from April 1, 2021

Company NameNo. of sharesMarket Value
Rs Lakhs
% of Assets Outstanding derivative exposure as % to net assets Long / (Short )
Aerospace & Defense
Hindustan Aeronautics Ltd 750 31.33 0.15 -0.15
Agricultural Food & Other Products
Tata Consumer Products Ltd 28,728 287.83 1.39 -1.40
Marico Ltd 14,400 93.84 0.45 -0.46
Agricultural, Commercial & Construction Vehicles
Escorts Kubota Ltd 150 4.88 0.02 -0.02
Auto Components
Samvardhana Motherson International Ltd 1,24,250 162.72 0.79 -0.79
Bosch Ltd 100 28.36 0.14 -0.14
Tube Investments of India Ltd 600 16.62 0.08 -0.08
MRF Ltd 10 11.27 0.05 -0.05
Automobiles
Tata Motors Ltd 31,900 215.15 1.04 -1.05
Bajaj Auto Ltd 1,725 135.91 0.66 -0.66
Hero MotoCorp Ltd 900 33.51 0.16 -0.16
Mahindra & Mahindra Ltd 875 23.33 0.11 -0.11
Eicher Motors Ltd 175 9.36 0.05 -0.05
Banks
HDFC Bank Ltd* 36,300 663.64 3.21 -3.22
ICICI Bank Ltd 28,700 386.98 1.87 -1.88
Axis Bank Ltd 33,125 365.04 1.77 -1.77
Punjab National Bank 3,60,000 346.07 1.67 -1.68
Yes Bank Ltd 17,94,000 302.83 1.46 -1.47
IDFC First Bank Ltd 5,32,500 292.66 1.42 -1.42
Bank of India 77,200 82.70 0.40 -0.40
RBL Bank Ltd 40,000 69.41 0.34 -0.34
Beverages
United Spirits Ltd 9,800 137.33 0.66 -0.66
Capital Markets
Multi Commodity Exchange Of India Ltd 4,000 212.47 1.03 -1.03
HDFC Asset Management Company Ltd 2,100 84.29 0.41 -0.41
Indian Energy Exchange Ltd 15,000 26.37 0.13 -0.13
Cement & Cement Products
Ultratech Cement Ltd 1,400 161.13 0.78 -0.78
Chemicals & Petrochemicals
Pidilite Industries Ltd 10,500 299.18 1.45 -1.45
Construction
IRB Infrastructure Developers Ltd 10,250 4.63 0.02 -0.02
Consumer Durables
Titan Co Ltd 14,700 450.31 2.18 -2.19
Crompton Greaves Consumer Electricals Ltd 32,400 114.68 0.55 -0.56
Diversified Fmcg
ITC Ltd 94,400 386.80 1.87 -1.88
Hindustan Unilever Ltd 4,500 101.65 0.49 -0.49
Electrical Equipment
ABB India Ltd 8,250 457.57 2.21 -2.22
Siemens Ltd 75 3.96 0.02 -0.02
Ferrous Metals
Steel Authority of India Ltd 1,44,000 165.86 0.80 -0.80
JSW Steel Ltd 4,725 50.24 0.24 -0.24
Finance
REC Ltd 56,000 240.35 1.16 -1.17
Jio Financial Services Ltd 95,700 217.73 1.05 -1.06
Manappuram Finance Ltd 93,000 216.46 1.05 -1.05
Aditya Birla Capital Ltd 1,08,000 199.88 0.97 -0.97
Piramal Enterprises Ltd 9,000 88.91 0.43 -0.43
Housing & Urban Development Corporation Ltd 7,275 14.51 0.07 -0.07
LIC Housing Finance Ltd 2,000 11.28 0.05 -0.05
Financial Technology (Fintech)
One 97 Communications Ltd 5,200 40.74 0.20 -0.20
Food Products
Nestle India Ltd 1,000 22.51 0.11 -0.11
Gas
Mahanagar Gas Ltd 10,400 144.24 0.70 -0.70
GAIL (India) Ltd 39,950 73.12 0.35 -0.35
Petronet LNG Ltd 12,000 35.23 0.17 -0.17
Healthcare Services
Apollo Hospitals Enterprise Ltd 6,375 421.78 2.04 -2.04
Syngene International Ltd 4,000 29.05 0.14 -0.14
Max Healthcare Institute Ltd 1,050 11.52 0.06 -0.06
Industrial Products
Astral Ltd 734 9.50 0.05 -0.05
Insurance
SBI Life Insurance Co Ltd 15,750 243.79 1.18 -1.19
ICICI Lombard General Insurance Co Ltd 1,250 22.41 0.11 -0.11
IT - Software
Birlasoft Ltd 51,000 197.73 0.96 -0.96
Tech Mahindra Ltd 12,600 178.70 0.86 -0.87
Mphasis Ltd 6,600 165.01 0.80 -0.80
Infosys Ltd 8,800 138.22 0.67 -0.67
Tata Consultancy Services Ltd 2,100 75.73 0.37 -0.37
Leisure Services
Jubilant Foodworks Ltd 7,500 49.83 0.24 -0.24
Minerals & Mining
NMDC Ltd 5,13,000 353.41 1.71 -1.71
Oil
Oil India Ltd 3,225 12.47 0.06 -0.06
Personal Products
Godrej Consumer Products Ltd 5,000 57.96 0.28 -0.28
Petroleum Products
Reliance Industries Ltd* 56,000 714.06 3.45 -3.47
Hindustan Petroleum Corporation Ltd 91,125 328.37 1.59 -1.59
Pharmaceuticals & Biotechnology
Divi's Laboratories Ltd 2,000 115.51 0.56 -0.56
Granules India Ltd 6,000 29.18 0.14 -0.14
Power
Power Grid Corporation of India Ltd 88,200 256.09 1.24 -1.24
CESC Ltd 1,55,025 238.52 1.15 -1.16
Tata Power Co Ltd 62,100 233.12 1.13 -1.13
JSW Energy Ltd 7,500 40.34 0.20 -0.20
NTPC Ltd 6,000 21.46 0.10 -0.10
Realty
Godrej Properties Ltd* 26,325 560.62 2.71 -2.72
Prestige Estates Projects Ltd 20,150 238.66 1.15 -1.16
DLF Ltd 4,950 33.68 0.16 -0.16
Retailing
Aditya Birla Fashion and Retail Ltd 83,200 213.22 1.03 -1.03
Telecom - Services
Vodafone Idea Ltd* 1,25,60,000 854.08 4.13 -4.16
Indus Towers Ltd 27,200 90.93 0.44 -0.44
Bharti Airtel Ltd 2,850 49.40 0.24 -0.24
Tata Communications Ltd 250 3.95 0.02 -0.02
Transport Infrastructure
GMR Airports Ltd 1,01,250 76.68 0.37 -0.37
Transport Services
Container Corporation Of India Ltd 3,000 20.75 0.10 -0.10
Total Equity Holdings 13,610.51 65.82 -66.09
Company Name Company Ratings Market Value (including accrued interest, if any) (Rs. in Lakhs) % of Assets
National Bank For Agriculture & Rural Development* IND AAA 1,004.53 4.86
Total PSU/PFI Bonds 1,004.53 4.86
Canara Bank* CRISIL A1+ 943.83 4.56
HDFC Bank Ltd* CARE A1+ 941.82 4.55
Total Money Market Instruments 1,885.65 9.12
182 DTB (05-JUN-2025)* SOVEREIGN 1,483.04 7.17
91 DTB (17-APR-2025)* SOVEREIGN 498.61 2.41
Total Gilts 1,981.65 9.58
Total Debt Holdings 4,871.84 23.56
Mutual Fund Units
Franklin India Money Market Fund Direct-Growth Plan* 18,46,183 938.38 4.54
Franklin India Liquid Fund Direct-Growth Plan 1,306 50.90 0.25
Total Mutual Fund Units 989.29 4.78
 
Total Holdings 19,471.63 94.16
Margin on Derivatives 87.54 0.42
Call,cash and other current asset 1,120.43 5.42
Total Asset 20,679.60 100.00
* Top 10 holdings

@ Reverse Repo : 8.97%, Others (Cash/ Subscription receivable/ Redemption payable/ Receivables on sale/Payable on Purchase/ Other Receivable / Other Payable) : -3.55%


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.


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