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To generate income by investing predominantly in arbitrage opportunities between cash and derivative
market and arbitrage opportunities within the derivative segment and by deployment of surplus cash in
debt securities and money market instruments.
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Portfolio composition
Class %
Equity 67.69
Others / Unlisted 17.02
Debt N.A
Mutual Funds N.A
Money Market 4.47
Cash / Call 10.82
Net Receivable / Payable N.A
Company % Assets
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Portfolio (As on Nov 30, 2010)
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ICICI Bank 1.20 10,500.00 1.07
Value
Money Market Rating %
(Rs in cr.)
Value
Others / Unlisted Rating %
(Rs in cr.)
Short Term Deposits as margin for Futures & Options 19.00 17.02
In / Out
What's in as on 30-Nov-2010 What's out as on 30-Nov-2010
Company Name Mkt Value Holdings Company Name Mkt Value Holdings
(Rs.Cr) % (Rs.Cr) %
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Lupin 1.03 0.92 Tech Mahindra 0.16 0.14
When you look at mutual funds, an actively managed large cap mutual fund will try to pick the
best 100-200 stocks listed in the S&P 500 Index. A passive fund, or index fund, would just own
all 500 stocks that are listed in the S&P 500 Index.
Turnover ratio
The percentage of a mutual fund or other investment vehicle's holdings that have been "turned
over" or replaced with other holdings in a given year is called turnover ratio. The type of mutual
fund, its investment objective and/or the portfolio manager's investing style will play an
important role in determining its turnover ratio.
Since the fund type is arbitrage fund hence an active management style and the consequent
high turnover ratio is justified.
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Absolute Returns (in %)
Year Qtr 1 Qtr 2 Qtr 3 Qtr 4 Annual
2010 0.7 1.2 2.0 - -
2009 1.5 1.3 1.1 0.8 4.6
2008 2.9 2.1 1.7 2.3 8.9
2007 - - - 0.8 0.8
Performance Overview
Statistical Ratios
Other Ratios
Risk analysis
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Historical Performance
Q1 Q2 Q3 Q4
3.5
2.5
2
2010
2009
1.5
2008
1
0.5
0
Q1 Q2 Q3 Q4
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The fund manager should be more active since the market conditions are bullish and there are more
opportunities. The fund manager should be able to achieve an even higher return on the portfolio.
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