Tata Arbitrage Fund (An open ended scheme investing in arbitrage opportunities.)
As on 31st May 2020 PORTFOLIO % to % to NAV % to % to NAV Company name Company name INVESTMENT STYLE NAV Derivative NAV Derivative The scheme invests in equity and equity related instruments that tries Hedge Positions 65.47 -64.92 Ultratech Cement Ltd. 0.26 -0.25 to take advantage of the difference in prices of a security in the cash Hindustan Unilever Ltd. 2.80 -2.78 Canara Bank 0.25 -0.25 segment and derivatives segment by turning market volatility to its ICICI Bank Ltd. 2.64 -2.61 Indian Oil Corporation Ltd. 0.22 -0.22 advantage. Bharti Airtel Ltd. 2.46 -2.45 Adani Power Ltd. 0.22 -0.22 Infosys Ltd. 1.89 -1.87 ICICI Prudential Life Insurance Company Ltd. 0.21 -0.21 INVESTMENT OBJECTIVE Tata Motors Ltd. 1.86 -1.84 Gmr Infrastucture Ltd. 0.18 -0.18 The investment objective of the Scheme is to seek to generate HCL Technologies Ltd. 1.73 -1.72 Titan Company Ltd. 0.17 -0.17 Tech Mahindra Ltd. 1.69 -1.68 Havells India Ltd. 0.17 -0.17 reasonable returns by investing predominantly in arbitrage Dr Reddys Laboratories Ltd. 1.67 -1.65 Tata Steel Ltd. 0.16 -0.16 opportunities in the cash and derivatives segments of the equity Lupin Ltd. 1.64 -1.62 Britannia Industries Ltd. 0.15 -0.15 markets and by investing balance in debt and money market ITC Ltd. 1.56 -1.52 Bajaj Finserv Ltd. 0.14 -0.14 instruments. There is no assurance that the objective of the Scheme Colgate-Palmolive India Ltd. 1.55 -1.50 Exide Industries Ltd. 0.13 -0.12 will be realised and the Scheme does not assure or guarantee any Sun Pharmaceutical Industries Ltd. 1.53 -1.52 Marico Ltd. 0.12 -0.12 returns. Bajaj Auto Ltd. 1.46 -1.45 Max Financial Services Ltd. 0.11 -0.11 Divi Laboratories Ltd. 1.36 -1.35 Bajaj Finance Ltd. 0.09 -0.09 DATE OF ALLOTMENT Vedanta Ltd. 1.35 -1.34 Mindtree Ltd. 0.08 -0.08 December 18,2018 Siemens Ltd. 1.35 -1.34 Apollo Tyres Ltd. 0.08 -0.08 Grasim Industries Ltd. 1.33 -1.31 Info Edge (India) Ltd. 0.06 -0.05 FUND MANAGER Adani Ports And Special Economic Zone Ltd. 1.28 -1.27 Bharat Electronics Ltd. 0.03 -0.03 Coal India Ltd. 1.24 -1.23 Bharat Petroleum Corporation Ltd. 0.03 -0.03 Sailesh Jain (Managing Since 10-Dec-18 and overall experience of 15 Container Corporation Of India Ltd. 1.24 -1.23 Cummins India Ltd. 0.03 -0.02 years) Sbi Life Insurance Company Ltd. 1.24 -1.23 Godrej Properties Ltd. 0.02 -0.02 Reliance Industries Ltd. 1.08 -1.07 Shriram Transport Finance Co Ltd. 0.02 -0.02 BENCHMARK State Bank Of India 1.08 -1.07 MRF Ltd. 0.02 -0.02 Nifty 50 Arbitrage Index Axis Bank Ltd. 1.07 -1.06 Hindalco Industries Ltd. 0.02 -0.01 Srf Ltd. 0.99 -0.98 Maruti Suzuki India Ltd. 0.00 0.00 Power Grid Corporation Of India Ltd. 0.97 -0.96 Ambuja Cements Ltd. 0.00 0.00 NAV Upl Ltd. 0.93 -0.93 Bharat Heavy Electricals Ltd. 0.00 0.00 Direct - Growth : 11.1399 Jsw Steel Ltd. 0.93 -0.92 % to NMDC Ltd. 0.93 -0.92 Name of the Instrument Ratings Direct - Monthly Dividend : 10.6566 NAV Regular - Growth : 11.0193 Cadila Healthcare Ltd. 0.89 -0.89 Regular - Monthly Dividend : 10.5376 ACC Ltd. 0.84 -0.84 Debt Instruments Godrej Consumer Products Ltd. 0.82 -0.81 Non-Convertible Debentures/Bonds 8.58 Tata Consultancy Services Ltd. 0.82 -0.82 07.00 % HDFC Ltd. CRISIL- AAA 1.25 FUND SIZE Mahanagar Gas Ltd. 0.82 -0.81 07.61 % Housing & Urban Development Corporation Ltd. ICRA- AAA 0.96 Rs. 1618.78 (Rs. in Cr.) Glenmark Pharmaceuticals Ltd. 0.81 -0.81 08.60 % LIC Housing Finance Ltd. CRISIL- AAA 0.95 Federal Bank Ltd. 0.73 -0.72 08.20 % HDFC Ltd. CRISIL- AAA 0.95 MONTHLY AVERAGE AUM Housing Development Finance Corporation Ltd. 0.72 -0.72 06.99 % Rec Ltd. CRISIL- AAA 0.94 Dlf Ltd. 0.70 -0.69 07.62 % Housing & Urban Development Corporation Ltd. ICRA- AAA 0.64 Rs. 1241.78 (Rs. in Cr.) Nestle India Ltd. 0.68 -0.67 07.40 % Power Finance Corporation CRISIL- AAA 0.63 Petronet Lng Ltd. 0.67 -0.66 06.32 % Rec Ltd. CRISIL- AAA 0.62 TURN OVER Muthoot Finance Ltd. 0.65 -0.65 08.75 % LIC Housing Finance Ltd. CRISIL- AAA 0.38 Portfolio Turnover (Total) 2211.14% Hindustan Petroleum Corporation Ltd. 0.63 -0.62 08.50 % Rec Ltd. CRISIL- AAA 0.32 Portfolio Turnover (Equity component only) 730.33% Wipro Ltd. 0.61 -0.61 08.45 % Sikka Ports And Terminals Ltd. (Mukesh Ambani Group) CRISIL- AAA 0.32 NTPC Ltd. 0.59 -0.59 07.24 % LIC Housing Finance Ltd. CRISIL- AAA 0.31 EXPENSE RATIO** United Spirits Ltd. 0.58 -0.58 07.90 % India Infradebt Ltd. CRISIL- AAA 0.31 Bharat Forge Ltd. 0.57 -0.55 Money Market Instruments 0.92 Direct 0.38 Dabur India Ltd. 0.56 -0.56 ICICI Bank Ltd. - CD ICRA- A1+ 0.61 Regular 1.13 Berger Paints India Ltd. 0.56 -0.55 NABARD - CD CRISIL- A1+ 0.31 **Note: The rates specified are actual month end expenses charged Pidilite Industries Ltd. 0.52 -0.52 Margin Deposits 18.38 as on May 31, 2020. The above ratio includes the Service tax on Amara Raja Batteries Ltd. 0.52 -0.52 Axis Bank 0.19 Investment Management Fees. The above ratio excludes, United Breweries Ltd. 0.52 -0.52 HDFC Bank Ltd. 7.47 proportionate charge (out of maximum 30 bps on daily average net Manappuram Finance Ltd. -0.51 Rbl Bank Ltd. 0.99 assets allowed) in respect sales beyond T-30 cities assets, wherever 0.51 applicable. Sun Tv Network Ltd. 0.46 -0.46 Au Small Finance Bank Ltd. 3.27 Cipla Ltd. 0.43 -0.43 Federal Bank Ltd. 6.46 VOLATILITY MEASURES^ FUND BENCHMARK Aurobindo Pharma Ltd. 0.42 -0.42 Rec Ltd. 0.40 -0.40 Repo 7.84 Std. Dev (Annualised) 0.73 0.68 Bosch Ltd. 0.37 -0.37 Portfolio Total 101.18 Sharpe Ratio 1.13 0.75 Power Finance Corporation Ltd. 0.37 -0.37 Portfolio Beta 0.25 1.00 Century Textiles & Industries Ltd. 0.36 -0.36 Net Current Liabilities -1.18 R Squared 0.07 1.00 National Aluminium Co. Ltd. 0.33 -0.33 Net Assets 100.00 Treynor 0.94 0.15 Adani Enterprises Ltd. 0.31 -0.31 Jenson 0.20 NA Mahindra & Mahindra Ltd. 0.30 -0.30 Voltas Ltd. 0.29 -0.29 Total stock in Portfolio 92 HDFC Life Insurance Co. Ltd. 0.29 -0.28 ^Risk-free rate based on the FBIL Overnight MIBOR rate of 4.04% as on May 29, 2020 SIP - If you had invested INR 10000 every month For calculation methodology please refer to Pg 61 1 Year 3 Year 5 Year 7 Year 10 Year Since Inception Total Amount Invested (Rs.) 120,000 NA NA NA NA 170,000 MINIMUM INVESTMENT/ Total Value as on May 31, 2020 (Rs.) 124,757 NA NA NA NA 179,209 MULTIPLES FOR NEW INVESTMENT Returns 7.53% NA NA NA NA 7.31% Rs. 5,000/- and in multiples of Re. 1/- thereafter. Total Value of B: Nifty 50 Arbitrage Index 122,829 NA NA NA NA 176,434 B: Nifty 50 Arbitrage Index 4.46% NA NA NA NA 5.11% ADDITIONAL INVESTMENT/ Total Value of AB: Nifty 50 TRI 105,177 NA NA NA NA 148,631 MULTIPLES FOR EXISTING INVESTORS AB: Nifty 50 TRI -22.33% NA NA NA NA -16.90% (Inception date :18-Dec-2018) (First Installment date : 01-Jan-2019) Rs. 1,000/- and in multiples of Re. 1/- thereafter. Past performance may or may not be sustained in the future. Returns greater than 1 year period are compounded annualized. Dividends are assumed to be reinvested and bonus is adjusted. Load is not taken in to consideration. For SIP returns, monthly investment of equal amounts invested on the 1st day of every month has been considered. LOAD STRUCTURE For scheme performance refer pages 49-61. *B: Benchmark Entry Load : Not Applicable Source: MFI Explorer Exit Load : 0.25 % of the applicable NAV, if redeemed/switched out/withdrawn on or before Top 10 Holdings Equity Sector Allocation expiry of 30 Days from the date of allotment. Issuer Name % to NAV Consumer Goods 10.55% Financial Services 10.51% Hindustan Unilever Ltd. 2.80 Pharma 8.75% IT 6.89% Please refer to our Tata Mutual Fund website for ICICI Bank Ltd. 2.64 Metals 4.95% Bharti Airtel Ltd. 2.46 Automobile 4.74% fundamental changes, wherever applicable Oil & Gas 3.45% Infosys Ltd. 1.89 Industrial Manufacturing 2.96% Services 2.82% Tata Motors Ltd. 1.86 Telecom 2.46% HCL Technologies Ltd. 1.73 Cement & Cement Products 2.43% V Power 1.77% Tech Mahindra Ltd. 1.69 Fertilisers & Pesticides 0.93% Dr Reddys Laboratories Ltd. 1.67 Construction 0.91% Chemicals 0.52% Lupin Ltd. 1.64 Media & Entertainment 0.46% ITC Ltd. 1.56 Paper 0.36% Total 19.93 0.00% 4.00% 8.00% 12.00%
Market Capitalisation wise Exposure NAV Movement Large Cap Tata Arbitrage Fund - Reg - Growth Nifty 50 Arbitrage Index 86.61% 120 Mid Cap 12.33% 116 112 Small Cap 1.05% 108 104 100 Market Capitalisation is as per list provided by AMFI. Dec-18 Jun-19 Dec-19 May-20 www.tatamutualfund.com Mutual Fund investments are subject to market risks, read all scheme related documents carefully TATA MUTUAL FUND 32