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Birla Sun Life Arbitrage Fund

January 17th, 2007

Arbitrage Fund trend are new thing and fast catching up in the Indian Mutual Fund industry and the latest entrant to this list is the Birla Sun Life Arbitrage Fund from the leading name in the Indian Mutual Fund industry - the Birla Sun Life Mutual Fund. Readers may recall JM, SBI, Standard Charterd and Pru ICICI are the funds in this segment so far.

The Birla Sun Life Arbitrage Fund is an Open ended Equity Scheme investing in a mix of equity, equity derivatives, debt and money market instruments. The investment objective of the Scheme is to generate capital appreciation and income by predominantly investing in arbitrage opportunities in the cash and the 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. However, there can be no assurance that the investment objective of the scheme will be realised.

The minimum application amount is Rs. 5000 and in multiples of Rs. 1. The minimum amount for additional purchases is Rs. 1000 and in multiples of Rs. 1. The benchmark index is CRISIL Liquid Fund Index.

A view of how the existing Arbitrage Funds are doing:

JM Arbitrage Advantage Fund - Growth - 17-Jan-07 - 10.3594
SBI ARBITRAGE Opportunities Fund - Growth - 17-Jan-07 - 10.1981
Standard Chartered Arbitrage Fund - Plan A (Regular) - Growth - 17-Jan-07 - 10.0921
Prudential ICICI Equity & Derivatives Fund-Wealth Optimiser Plan-Retail Growth Option - 17-Jan-2007 - 10.23

Entry Filed under: Mutual Funds, Birla Sun Life Mutual Fund