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Cash aur futures ke farq se return, aur wo kab kam ho jaata hai
Published by The Retail Trader · AUG 02, 2026 · Mutual Funds & AMC
Arbitrage fund equity mein hi paisa lagata hai, par uska return market ki disha se nahi aata. Wo cash aur futures ke beech ke farq se aata hai.
Fund ek stock cash market mein kharidta hai aur ussi ka futures bech deta hai. Expiry par dono ka bhaav mil jaata hai, aur beech ka farq fund ka return ban jaata hai.
Kyunki dono positions ek doosre ko cancel karti hain, market upar jaaye ya neeche, uska seedha asar nahi padta.
Ye return market conditions par depend karta hai:
• Futures ka premium jitna zyada, return utna zyada.
• Shaant aur girte market mein premium sikud jaata hai aur return gir jaata hai.
• Ye ek guaranteed return nahi hai — wo mahine dar mahine badalta hai.
• Equity taxation ka treatment isko debt alternatives se alag banata hai.
Arbitrage fund ka sahi upyog short se medium term parking hai, wealth creation nahi. Uska return debt jaisa hota hai aur uska tax treatment equity jaisa — yahi combination uska poora use case hai.
Ye article sirf educational hai — koi buy ya sell recommendation nahi, koi guaranteed return ka daawa nahi, aur koi advisory nahi. Rules, rates aur mechanics exchange, SEBI aur RBI time-time par badalte hain, isliye har number apne broker ya official source par khud verify karo.