INVESTMENT STYLE:

The scheme invests in equity and equity related instruments that tries to take advantage of the difference in prices of a security in the cash segment and derivatives segment by turning market volatility to its advantage.

INVESTMENT OBJECTIVE:

The investment objective of the Scheme is to seek to generate reasonable returns by investing predominantly in arbitrage opportunities in the cash and derivatives segments of the equity markets and by investing balance in debt and money market instruments. There is no assurance that the objective of the Scheme will be realised and the Scheme does not assure or guarantee any returns.

DATE OF ALLOTMENT:

December 18,2018

FUND MANAGER(S)

Sailesh Jain (Managing Since 10-Dec-18 and overall experience of 21 years)

BENCHMARK:

Nifty 50 Arbitrage Index

NAV

Direct - Growth	: 13.9201
Direct - Monthly IDCW	: 13.3721
Regular - Growth	: 13.3447
Regular - Monthly IDCW	: 12.7556
FUND SIZE
Rs. 11828.86 (Rs. in Cr.)
MONTHLY AVERAGE AUM
Rs. 11743.66 (Rs. in Cr.)
TURN OVER
Portfolio Turnover (Equity component only)	553.86%
EXPENSE RATIO**
Direct	0.30
Regular	1.07
**Note: The rates specified are actual month end expenses charged as on May 31, 2024. The above ratio includes the Service tax on Investment Management Fees. The above ratio excludes, borrowing cost, wherever applicable.

VOLATILITY MEASURES^	FUND	BENCHMARK
Std. Dev (Annualised)	0.67	0.74
Sharpe Ratio	-2.11	-1.50
Portfolio Beta	0.79	NA
R Squared	0.80	NA
Treynor	-0.14	NA
Jenson	-0.04	NA
Portfolio Macaulay Duration	:	0.56 Years
Modified Duration	:	0.55 Years
Average Maturity	:	0.56 Years
Annualized Yield to Maturity (For Debt Component)*
- Including Net Current Assets	:	7.75%
*Computed on the invested amount for debt portfolio
Total stock in Portfolio	:	153
^Risk-free rate based on the FBIL Overnight MIBOR rate of 6.76% as on May 31, 2024 For calculation methodology

MINIMUM INVESTMENT/
MULTIPLES FOR NEW INVESTMENT:

Rs. 5,000/- and in multiples of Re. 1/- thereafter.

ADDITIONAL INVESTMENT/
MULTIPLES FOR EXISTING INVESTORS:

Rs. 1,000/- and in multiples of Re. 1/- thereafter.

LOAD STRUCTURE:

ENTRY LOAD	Not Applicable
EXIT LOAD	0.25 % of the applicable NAV, if redeemed/switched out/withdrawn on or before expiry of 30 Days from the date of allotment.

Please refer to our Tata Mutual Fund website for fundamental changes, wherever applicable