Franklin India Arbitrage Fund
As on May 30, 2025
Franklin India Arbitrage Fund
As on May 30, 2025
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
TURNOVER

Total Portfolio Turnover$
864.67%
Portfolio Turnover (Equity)**
1187.15%
$ Includes fixed income securities and equity derivatives
** Computed for equity portion of the portfolio including equity derivatives
MATURITY & YIELD$

RESIDUAL MATURITY / AVERAGE MATURITY0.82 years
ANNUALISED PORTFOLIO YTM#6.24%
MODIFIED DURATION0.75 years
MACAULAY DURATION0.80 years
#Yields of all securities are in annualised terms
EXPENSE RATIO#: 1.01%
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) : 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
NAV AS OF MAY 30, 2025

Growth Plan Rs 10.3424
IDCW Plan Rs 10.3424
Direct - Growth Plan Rs 10.3816
Direct - IDCW Plan Rs 10.3816
FUND SIZE (AUM)

Month EndRs 313.65 Crores
Monthly AverageRs 275.78 Crores
Outstanding exposure in derivative instrumentsRs 217.74 Crores
Outstanding derivative exposure69.42%

Company NameNo. of sharesMarket Value
Rs Lakhs
% of Assets Outstanding derivative exposure as % to net assets Long / (Short )
Aerospace & Defense
Hindustan Aeronautics Ltd 6,150 305.91 0.98 -0.98
Bharat Electronics Ltd 25,650 98.65 0.31 -0.32
Agricultural Food & Other Products
Tata Consumer Products Ltd 51,072 565.01 1.80 -1.81
Patanjali Foods Ltd 20,400 340.95 1.09 -1.09
Marico Ltd 4,800 34.39 0.11 -0.11
Auto Components
Samvardhana Motherson International Ltd 21,300 32.61 0.10 -0.10
Bosch Ltd 100 31.42 0.10 -0.10
Tube Investments of India Ltd 600 18.37 0.06 -0.06
Automobiles
Mahindra & Mahindra Ltd 5,250 156.28 0.50 -0.50
Bajaj Auto Ltd 1,725 148.47 0.47 -0.48
Eicher Motors Ltd 1,050 56.00 0.18 -0.18
Tata Motors Ltd 550 3.96 0.01 -0.01
Banks
RBL Bank Ltd* 6,60,000 1,406.26 4.48 -4.52
HDFC Bank Ltd* 68,750 1,337.12 4.26 -4.28
IDFC First Bank Ltd* 15,90,000 1,080.72 3.45 -3.47
ICICI Bank Ltd 46,200 667.96 2.13 -2.14
Kotak Mahindra Bank Ltd 17,200 356.85 1.14 -1.15
State Bank of India 30,000 243.69 0.78 -0.78
Bank of India 1,44,750 176.51 0.56 -0.57
Punjab National Bank 1,20,000 126.98 0.40 -0.41
Axis Bank Ltd 6,875 81.96 0.26 -0.26
Bandhan Bank Ltd 25,200 42.89 0.14 -0.14
Yes Bank Ltd 26,000 5.58 0.02 -0.02
Beverages
Varun Beverages Ltd 55,125 262.37 0.84 -0.84
United Spirits Ltd 9,800 148.97 0.47 -0.48
Capital Markets
Multi Commodity Exchange Of India Ltd 6,000 396.12 1.26 -1.27
Indian Energy Exchange Ltd 26,250 52.64 0.17 -0.17
Cement & Cement Products
Ultratech Cement Ltd 800 89.68 0.29 -0.29
Chemicals & Petrochemicals
Pidilite Industries Ltd 11,000 341.79 1.09 -1.09
SRF Ltd 750 21.46 0.07 -0.07
Construction
Larsen & Toubro Ltd 11,550 424.47 1.35 -1.35
IRB Infrastructure Developers Ltd 10,250 5.26 0.02 -0.02
Consumer Durables
Titan Co Ltd 6,475 230.19 0.73 -0.74
Asian Paints Ltd 6,400 144.58 0.46 -0.46
Crompton Greaves Consumer Electricals Ltd 32,400 114.34 0.36 -0.37
Diversified Fmcg
ITC Ltd 84,800 354.51 1.13 -1.14
Hindustan Unilever Ltd 5,400 126.81 0.40 -0.40
Diversified Metals
Vedanta Ltd 2,300 10.02 0.03 -0.03
Electrical Equipment
ABB India Ltd 8,250 492.61 1.57 -1.58
Bharat Heavy Electricals Ltd 7,875 20.46 0.07 -0.07
Ferrous Metals
Steel Authority of India Ltd 3,48,000 449.55 1.43 -1.44
JSW Steel Ltd 4,725 46.94 0.15 -0.15
Fertilizers & Agrochemicals
UPL Ltd 1,355 8.51 0.03 -0.03
Finance
PNB Housing Finance Ltd 35,100 366.76 1.17 -1.18
Aditya Birla Capital Ltd 1,24,200 276.36 0.88 -0.88
Jio Financial Services Ltd 95,700 274.32 0.87 -0.88
Manappuram Finance Ltd 1,14,000 272.07 0.87 -0.87
REC Ltd 60,000 241.38 0.77 -0.77
LIC Housing Finance Ltd 17,000 101.40 0.32 -0.33
Piramal Enterprises Ltd 9,000 99.74 0.32 -0.32
Muthoot Finance Ltd 4,400 97.48 0.31 -0.31
Bajaj Finserv Ltd 500 10.09 0.03 -0.03
Financial Technology (Fintech)
One 97 Communications Ltd 1,03,350 920.28 2.93 -2.95
Gas
Mahanagar Gas Ltd 10,000 132.52 0.42 -0.43
GAIL (India) Ltd 23,500 44.60 0.14 -0.14
Petronet LNG Ltd 12,000 36.88 0.12 -0.12
Healthcare Services
Apollo Hospitals Enterprise Ltd 9,250 636.45 2.03 -2.04
Syngene International Ltd 4,000 25.86 0.08 -0.08
Max Healthcare Institute Ltd 1,050 11.81 0.04 -0.04
Industrial Products
Polycab India Ltd 500 29.96 0.10 -0.10
Astral Ltd 367 5.50 0.02 -0.02
Insurance
SBI Life Insurance Co Ltd 15,750 285.42 0.91 -0.91
IT - Software
Birlasoft Ltd 1,26,000 504.63 1.61 -1.62
Coforge Ltd 3,600 307.82 0.98 -0.99
Tata Consultancy Services Ltd 5,775 200.01 0.64 -0.64
Infosys Ltd 12,000 187.52 0.60 -0.60
Mphasis Ltd 6,050 154.81 0.49 -0.50
Leisure Services
Indian Railway Catering And Tourism Corp Ltd 16,625 125.69 0.40 -0.40
Jubilant Foodworks Ltd 11,250 73.75 0.24 -0.24
Minerals & Mining
NMDC Ltd 1,21,500 86.47 0.28 -0.28
Non - Ferrous Metals
National Aluminium Co Ltd 37,500 67.63 0.22 -0.22
Hindalco Industries Ltd 1,400 8.87 0.03 -0.03
Oil
Oil & Natural Gas Corporation Ltd 5,775 13.83 0.04 -0.04
Personal Products
Godrej Consumer Products Ltd 4,500 55.41 0.18 -0.18
Petroleum Products
Reliance Industries Ltd 23,000 326.81 1.04 -1.05
Hindustan Petroleum Corporation Ltd 68,850 283.01 0.90 -0.91
Pharmaceuticals & Biotechnology
Divi's Laboratories Ltd 2,200 145.46 0.46 -0.47
Laurus Labs Ltd 20,400 124.36 0.40 -0.40
Granules India Ltd 15,000 79.58 0.25 -0.26
Sun Pharmaceutical Industries Ltd 4,200 70.46 0.22 -0.23
Aurobindo Pharma Ltd 3,300 37.88 0.12 -0.12
Power
JSW Energy Ltd 94,500 461.11 1.47 -1.47
Tata Power Co Ltd 35,100 137.87 0.44 -0.44
Power Grid Corporation of India Ltd 12,600 36.51 0.12 -0.12
NTPC Ltd 6,000 20.03 0.06 -0.06
Realty
Godrej Properties Ltd 24,075 540.19 1.72 -1.73
Prestige Estates Projects Ltd 4,550 66.73 0.21 -0.21
DLF Ltd 4,950 39.49 0.13 -0.13
Retailing
Trent Ltd 2,200 124.16 0.40 -0.40
Eternal Ltd 10,000 23.83 0.08 -0.08
Telecom - Services
Vodafone Idea Ltd* 1,70,98,350 1,183.21 3.77 -3.79
Bharti Airtel Ltd 35,625 661.27 2.11 -2.12
Indus Towers Ltd 11,900 45.71 0.15 -0.15
Transport Services
Interglobe Aviation Ltd 10,200 543.66 1.73 -1.74
Total Equity Holdings 21,666.46 69.08 -69.42
Company Name Company Ratings Market Value (including accrued interest, if any) (Rs. in Lakhs) % of Assets
LIC Housing Finance Ltd* CRISIL AAA 1,072.61 3.42
Poonawalla Fincorp Ltd* CRISIL AAA 1,009.25 3.22
Total Corporate Debt 2,081.87 6.64
Canara Bank* CRISIL A1+ 958.91 3.06
HDFC Bank Ltd CARE A1+ 957.65 3.05
Total Money Market Instruments 1,916.56 6.11
5.63% GOI 2026 (12-APR-2026)* SOVEREIGN 1,510.80 4.82
364 DTB (29-JAN-2026)* SOVEREIGN 964.06 3.07
364 DTB (27-FEB-2026) SOVEREIGN 479.97 1.53
364 DTB (26-MAR-2026) SOVEREIGN 478.07 1.52
Total Gilts 3,432.90 10.95
Total Debt Holdings 7,431.33 23.69
Mutual Fund Units
Franklin India Money Market Fund Direct-Growth Plan* 19,43,748 1,003.79 3.20
Franklin India Liquid Fund Direct-Growth Plan 8,934 352.18 1.12
Total Mutual Fund Units 1,355.97 4.32
 
Total Holdings 30,453.75 97.09
Margin on Derivatives 153.56 0.49
Call,cash and other current asset 757.69 2.42
Total Asset 31,365.01 100.00
* Top 10 holdings

@ Reverse Repo : 3.52%, Others (Cash/ Subscription receivable/ Redemption payable/ Receivables on sale/Payable on Purchase/ Other Receivable / Other Payable) : -1.10%


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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