Tata Arbitrage Fund (An open ended scheme investing in arbitrage opportunities.)
As on 30th April 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 67.99 -68.10 ACC Ltd. 0.28 -0.28 to take advantage of the difference in prices of a security in the cash Infosys Ltd. 2.28 -2.28 Mahindra & Mahindra Ltd. 0.28 -0.28 segment and derivatives segment by turning market volatility to its State Bank Of India 2.15 -2.15 Indraprastha Gas Ltd. 0.28 -0.28 advantage. Housing Development Finance Corporation Ltd. 1.89 -1.89 HCL Technologies Ltd. 0.24 -0.24 Tata Consultancy Services Ltd. 1.83 -1.82 Bharat Heavy Electricals Ltd. 0.24 -0.24 INVESTMENT OBJECTIVE Cipla Ltd. 1.75 -1.75 Godrej Properties Ltd. 0.23 -0.23 The investment objective of the Scheme is to seek to generate Adani Ports And Special Economic Zone Ltd. 1.72 -1.72 Colgate-Palmolive India Ltd. 0.20 -0.20 Dr Reddys Laboratories Ltd. 1.71 -1.71 Berger Paints India Ltd. 0.20 -0.20 reasonable returns by investing predominantly in arbitrage Reliance Industries Ltd. 1.63 -1.64 Bharat Electronics Ltd. 0.19 -0.19 opportunities in the cash and derivatives segments of the equity Bharti Airtel Ltd. 1.62 -1.62 Bharat Petroleum Corporation Ltd. 0.18 -0.18 markets and by investing balance in debt and money market Hindustan Petroleum Corporation Ltd. 1.61 -1.61 Mahanagar Gas Ltd. 0.17 -0.17 instruments. There is no assurance that the objective of the Scheme Dlf Ltd. 1.50 -1.50 Apollo Tyres Ltd. 0.14 -0.14 will be realised and the Scheme does not assure or guarantee any Torrent Pharmaceuticals Ltd. 1.47 -1.47 ITC Ltd. 0.13 -0.13 returns. Upl Ltd. 1.38 -1.38 United Breweries Ltd. 0.11 -0.11 Hero Motocorp Ltd. 1.38 -1.38 Sun Tv Network Ltd. 0.11 -0.11 DATE OF ALLOTMENT ICICI Bank Ltd. 1.37 -1.38 Voltas Ltd. 0.09 -0.09 December 18,2018 Eicher Motors Ltd. 1.36 -1.36 Escorts Ltd. 0.07 -0.07 Lupin Ltd. 1.28 -1.28 Exide Industries Ltd. 0.02 -0.02 FUND MANAGER Hindustan Unilever Ltd. 1.27 -1.28 Nestle India Ltd. 0.02 -0.02 Divi Laboratories Ltd. 1.27 -1.27 Shree Cement Ltd. 0.01 -0.01 Sailesh Jain (Managing Since 10-Dec-18 and overall experience of 15 Vedanta Ltd. 1.26 -1.26 Bharat Forge Ltd. 0.01 -0.01 years) United Spirits Ltd. 1.20 -1.20 Bharti Infratel Ltd. 0.01 -0.01 Coal India Ltd. 1.18 -1.18 ICICI Prudential Life Insurance Company Ltd. 0.01 -0.01 BENCHMARK Petronet Lng Ltd. 1.15 -1.15 Tata Chemicals Ltd. 0.00 0.00 Nifty 50 Arbitrage Index Biocon Ltd. 1.15 -1.15 % to Maruti Suzuki India Ltd. 1.13 -1.13 Name of the Instrument Ratings Ultratech Cement Ltd. 1.12 -1.12 NAV NAV NMDC Ltd. 1.10 -1.11 Debt Instruments Direct - Growth : 11.0202 Grasim Industries Ltd. 1.06 -1.06 Non-Convertible Debentures/Bonds 5.41 Direct - Monthly Dividend : 10.5415 Info Edge (India) Ltd. 1.04 -1.04 08.20 % HDFC Ltd. CRISIL- AAA 1.59 Regular - Growth : 10.9072 Wipro Ltd. 1.03 -1.04 06.99 % Rec Ltd. CRISIL- AAA 1.59 Regular - Monthly Dividend : 10.4307 Bandhan Bank Ltd. 1.00 -1.01 07.40 % Power Finance Corporation CRISIL- AAA 1.06 Titan Company Ltd. 0.97 -0.97 08.75 % LIC Housing Finance Ltd. CRISIL- AAA 0.64 Tata Motors Ltd. 0.97 -0.97 08.50 % Rec Ltd. CRISIL- AAA 0.54 FUND SIZE Rec Ltd. 0.95 -0.95 Money Market Instruments 1.56 Rs. 950.83 (Rs. in Cr.) Larsen & Toubro Ltd. 0.93 -0.93 ICICI Bank Ltd. - CD ICRA- A1+ 1.03 Tech Mahindra Ltd. 0.90 -0.90 NABARD - CD CRISIL- A1+ 0.52 MONTHLY AVERAGE AUM Canara Bank 0.87 -0.87 Fixed Deposits (Not Exceeding 91 Days) 22.25 Century Textiles & Industries Ltd. 0.85 -0.86 Axis Bank 0.32 Rs. 709.24 (Rs. in Cr.) Gmr Infrastucture Ltd. 0.83 -0.84 HDFC Bank Ltd. 6.29 Marico Ltd. 0.78 -0.79 Rbl Bank Ltd. 1.68 TURN OVER Tata Consumer Products Ltd. 0.76 -0.76 Au Small Finance Bank Ltd. 4.57 Portfolio Turnover (Total) 2054.30% Power Finance Corporation Ltd. 0.75 -0.75 Federal Bank Ltd. 9.40 Portfolio Turnover (Equity component only) 667.49% Sun Pharmaceutical Industries Ltd. 0.73 -0.73 Power Grid Corporation Of India Ltd. 0.71 -0.71 Repo 10.05 HDFC Life Insurance Co. Ltd. 0.66 -0.66 EXPENSE RATIO** Portfolio Total 107.26 Srf Ltd. 0.65 -0.65 Direct 0.37 Godrej Consumer Products Ltd. 0.64 -0.64 Net Current Liabilities -7.26 Regular 1.12 Ambuja Cements Ltd. 0.63 -0.63 Net Assets 100.00 **Note: The rates specified are actual month end expenses charged Hindalco Industries Ltd. 0.58 -0.58 as on Apr 30, 2020. The above ratio includes the Service tax on Jsw Steel Ltd. 0.58 -0.58 Investment Management Fees. The above ratio excludes, Siemens Ltd. 0.54 -0.54 proportionate charge (out of maximum 30 bps on daily average net Cummins India Ltd. -0.53 assets allowed) in respect sales beyond T-30 cities assets, wherever 0.53 applicable. Indian Oil Corporation Ltd. 0.53 -0.53 Adani Power Ltd. 0.52 -0.52 VOLATILITY MEASURES^ FUND BENCHMARK Cadila Healthcare Ltd. 0.50 -0.50 Amara Raja Batteries Ltd. 0.49 -0.49 Std. Dev (Annualised) 0.62 0.66 Container Corporation Of India Ltd. 0.48 -0.49 Sharpe Ratio 0.99 0.72 Bajaj Auto Ltd. 0.48 -0.48 Portfolio Beta 0.55 1.00 Federal Bank Ltd. 0.45 -0.44 R Squared 0.41 1.00 Tata Power Company Ltd. 0.43 -0.43 Treynor 0.32 0.14 Pidilite Industries Ltd. 0.35 -0.35 Jenson 0.10 NA Asian Paints (India) Ltd. 0.31 -0.31 NTPC Ltd. 0.29 -0.29 Total stock in Portfolio 88 Bosch Ltd. 0.29 -0.29 ^Risk-free rate based on the FBIL Overnight MIBOR rate of 4.41% as on Apr 30, 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 MINIMUM INVESTMENT/ Total Amount Invested (Rs.) 120,000 NA NA NA NA 160,000 MULTIPLES FOR NEW INVESTMENT Total Value as on Apr 30, 2020 (Rs.) 124,146 NA NA NA NA 167,394 Rs. 5,000/- and in multiples of Re. 1/- thereafter. Returns 6.50% NA NA NA NA 6.58% Total Value of B: Nifty 50 Arbitrage Index 123,199 NA NA NA NA 166,167 ADDITIONAL INVESTMENT/ B: Nifty 50 Arbitrage Index 5.00% NA NA NA NA 5.49% MULTIPLES FOR EXISTING INVESTORS (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 Financial Services 10.09% Pharma 9.85% Infosys Ltd. 2.28 IT 7.31% Consumer Goods 6.69% Please refer to our Tata Mutual Fund website for State Bank Of India 2.15 Automobile 6.58% Housing Development Finance Corporation Ltd. 1.89 Oil & Gas 5.54% fundamental changes, wherever applicable Metals 4.71% Tata Consultancy Services Ltd. 1.83 Construction 3.50% Cement & Cement Products 3.09% Cipla Ltd. 1.75 Services 2.20% Adani Ports And Special Economic Zone Ltd. 1.72 Industrial Manufacturing 2.15% V Power 1.94% Dr Reddys Laboratories Ltd. 1.71 Telecom 1.63% Reliance Industries Ltd. 1.63 Fertilisers & Pesticides 1.38% Paper 0.85% Bharti Airtel Ltd. 1.62 Chemicals 0.35% Hindustan Petroleum Corporation Ltd. 1.61 Media & Entertainment 0.11% Total 18.17 0.00% 2.00% 4.00% 6.00% 8.00% 10.00% 12.00%
Market Capitalisation wise Exposure NAV Movement Large Cap Tata Arbitrage Fund - Reg - Growth 87.65% 110 Nifty 50 Arbitrage Index Mid Cap 108 10.99% 106 Small Cap 1.35% 104 102 100 Market Capitalisation is as per list provided by AMFI. Dec-18 Jun-19 Nov-19 Apr-20 www.tatamutualfund.com Mutual Fund investments are subject to market risks, read all scheme related documents carefully TATA MUTUAL FUND 32