+91-22-48913909What are Arbitrage Funds?
Arbitrage is a strategy that takes advantage of the price differences of different markets to earn profits. Arbitrage Funds are named after the arbitrage strategy that they use. They are a type of Mutual Fund that leverages on the price differential to generate returns. The returns of these funds are dependent on the Volatility of the invested asset on the market. They make use of the market inefficiencies to generate returns for their investors.
Exploiting uneven prices is the central idea of arbitrage funds. Arbitrage funds use low-risk buy and sell opportunities to optimise returns. For example, shares of XYZ Co. LTD are trading at INR 500 each on the cash market and at INR 1,000 on the futures market. By buying the shares from the cash market and selling the shares on the futures market generates a profit of INR 500 per share.
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Why Should you Invest in Arbitrage Funds?
Here are some of the benefits of investing in arbitrage funds:
Negligible Risk
Arbitrage funds are not 100% risk-free but they do carry negligible risk. They Bank on the mispricing happening in the markets. This gives the investor a safer option compared to other short-term funds since these funds offer better returns during market volatility.
Returns
These funds generally give a return of about 7-9% of the amount invested. This is higher compared to Liquid Funds or short-term debt funds. Thus, making arbitrage funds a lucrative investment option.
Favourable Taxation
One of the biggest benefits of Investing in these funds is the tax treatment. Equity Funds attract long term Capital Gains. If the gains are made up to INR 1 lakh then it counts under tax-free. Tax at 10% applies to gains above INR 1 lakh.
Guidelines on How to Invest in Arbitrage Funds
Research about the Fund and its Strategies
Before investing in the fund, read up on its previous returns, the minimum required investment and its strategies. Most arbitrage funds in India follow the pure arbitrage strategy. But these funds are known to follow strategies like the merger/risk arbitrage (speculating on successful completion of mergers and acquisitions), etc. that are a bit complex for the layman to understand. Hence, it is important to get an idea to the fund’s strategy before investing to know what you are getting into.
Check Exit Load Policy
Premature withdrawal from arbitrage funds generally attracts a penalty or exit load of 0.25-0.5%. Check the exit load policy of your fund before investing to avoid unwanted penalties.
Risks of Investing in Arbitrage Mutual Funds
Lack of Diversification
In order to maintain their equity status, arbitrage funds need to maintain at least 65% capital in equity. This affects the diversification of the fund as they cannot invest more in debt funds, thus affecting the overall Portfolio of the investor.
Exit Loads
As said earlier, these funds carry exit loads on premature withdrawal. It could range anywhere from 0.25-0.50%. Also, the redemption of the money would take some 1-3 working days. This affects the liquidity of the fund.
Not Suitable for Long Term
Arbitrage funds are not an attractive option for long-term wealth creation. As arbitrage opportunities are limited, there is only a short window to make profits. Due to their strategy, they do not have a high-growth potential. Thus, making them ill-fitted for long-term.
Fund Selection Methodology used to find 10 funds
Top 10 Best Performing Arbitrage Funds
Some of the best performing funds in India are:
Fund NAV Net Assets (Cr) 3 MO (%) 6 MO (%) 1 YR (%) 3 YR (%) 5 YR (%) 2024 (%) Kotak Equity Arbitrage Fund Growth ₹39.1516
↑ 0.00 ₹71,265 1.6 3.2 6.1 7.2 6.1 6.4 SBI Arbitrage Opportunities Fund Growth ₹35.337
↑ 0.00 ₹44,393 1.6 3.2 6.3 7.1 6.2 6.5 UTI Arbitrage Fund Growth ₹36.6139
↑ 0.00 ₹11,070 1.5 3.2 6.2 7.1 6 6.5 Invesco India Arbitrage Fund Growth ₹33.3376
↑ 0.00 ₹28,527 1.5 3.2 6.1 7 6.1 6.5 ICICI Prudential Equity Arbitrage Fund Growth ₹35.8389
↑ 0.00 ₹32,989 1.5 3.2 6.2 7 6 6.5 HDFC Arbitrage Fund Growth ₹31.998
↑ 0.00 ₹24,768 1.5 3.1 6.1 7 5.9 6.3 Edelweiss Arbitrage Fund Growth ₹20.2286
↑ 0.00 ₹15,452 1.5 3.1 6 7 6 6.3 Aditya Birla Sun Life Arbitrage Fund Growth ₹27.7276
↑ 0.00 ₹26,792 1.5 3.1 6.1 7 5.9 6.4 Axis Arbitrage Fund Growth ₹19.5158
↑ 0.00 ₹9,212 1.5 3.1 6.1 6.9 5.9 6.3 Bandhan Arbitrage Fund Growth ₹33.8142
↑ 0.00 ₹8,650 1.4 3 5.8 6.9 5.8 6.2 Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 31 Mar 26 Research Highlights & Commentary of 10 Funds showcased
Commentary Kotak Equity Arbitrage Fund SBI Arbitrage Opportunities Fund UTI Arbitrage Fund Invesco India Arbitrage Fund ICICI Prudential Equity Arbitrage Fund HDFC Arbitrage Fund Edelweiss Arbitrage Fund Aditya Birla Sun Life Arbitrage Fund Axis Arbitrage Fund Bandhan Arbitrage Fund Point 1 Highest AUM (₹71,265 Cr). Top quartile AUM (₹44,393 Cr). Bottom quartile AUM (₹11,070 Cr). Upper mid AUM (₹28,527 Cr). Upper mid AUM (₹32,989 Cr). Lower mid AUM (₹24,768 Cr). Lower mid AUM (₹15,452 Cr). Upper mid AUM (₹26,792 Cr). Bottom quartile AUM (₹9,212 Cr). Bottom quartile AUM (₹8,650 Cr). Point 2 Oldest track record among peers (20 yrs). Established history (19+ yrs). Established history (19+ yrs). Established history (18+ yrs). Established history (19+ yrs). Established history (18+ yrs). Established history (11+ yrs). Established history (16+ yrs). Established history (11+ yrs). Established history (19+ yrs). Point 3 Rating: 4★ (top quartile). Rating: 2★ (bottom quartile). Rating: 3★ (upper mid). Rating: 3★ (upper mid). Rating: 4★ (upper mid). Rating: 3★ (lower mid). Top rated. Rating: 3★ (lower mid). Rating: 2★ (bottom quartile). Rating: 1★ (bottom quartile). Point 4 Risk profile: Moderately Low. Risk profile: Moderately Low. Risk profile: Moderately Low. Risk profile: Moderately Low. Risk profile: Moderate. Risk profile: Moderately Low. Risk profile: Moderately Low. Risk profile: Moderate. Risk profile: Moderate. Risk profile: Moderately Low. Point 5 5Y return: 6.15% (upper mid). 5Y return: 6.17% (top quartile). 5Y return: 5.99% (upper mid). 5Y return: 6.15% (top quartile). 5Y return: 5.98% (lower mid). 5Y return: 5.94% (lower mid). 5Y return: 5.99% (upper mid). 5Y return: 5.90% (bottom quartile). 5Y return: 5.90% (bottom quartile). 5Y return: 5.83% (bottom quartile). Point 6 3Y return: 7.16% (top quartile). 3Y return: 7.10% (top quartile). 3Y return: 7.08% (upper mid). 3Y return: 7.04% (upper mid). 3Y return: 7.02% (upper mid). 3Y return: 7.01% (lower mid). 3Y return: 6.99% (lower mid). 3Y return: 6.96% (bottom quartile). 3Y return: 6.90% (bottom quartile). 3Y return: 6.87% (bottom quartile). Point 7 1Y return: 6.15% (upper mid). 1Y return: 6.26% (top quartile). 1Y return: 6.20% (top quartile). 1Y return: 6.13% (upper mid). 1Y return: 6.17% (upper mid). 1Y return: 6.09% (lower mid). 1Y return: 6.00% (bottom quartile). 1Y return: 6.10% (lower mid). 1Y return: 6.09% (bottom quartile). 1Y return: 5.85% (bottom quartile). Point 8 1M return: 0.56% (top quartile). 1M return: 0.56% (top quartile). 1M return: 0.49% (lower mid). 1M return: 0.47% (bottom quartile). 1M return: 0.43% (bottom quartile). 1M return: 0.52% (upper mid). 1M return: 0.51% (upper mid). 1M return: 0.49% (lower mid). 1M return: 0.51% (upper mid). 1M return: 0.48% (bottom quartile). Point 9 Alpha: 0.00 (top quartile). Alpha: 0.00 (top quartile). Alpha: 0.00 (upper mid). Alpha: 0.00 (upper mid). Alpha: 0.00 (upper mid). Alpha: 0.00 (lower mid). Alpha: -0.43 (bottom quartile). Alpha: 0.00 (lower mid). Alpha: 0.00 (bottom quartile). Alpha: 0.00 (bottom quartile). Point 10 Sharpe: 1.29 (lower mid). Sharpe: 1.76 (top quartile). Sharpe: 1.70 (top quartile). Sharpe: 1.61 (upper mid). Sharpe: 1.66 (upper mid). Sharpe: 1.23 (lower mid). Sharpe: 1.00 (bottom quartile). Sharpe: 1.33 (upper mid). Sharpe: 1.19 (bottom quartile). Sharpe: 0.65 (bottom quartile). Kotak Equity Arbitrage Fund
SBI Arbitrage Opportunities Fund
UTI Arbitrage Fund
Invesco India Arbitrage Fund
ICICI Prudential Equity Arbitrage Fund
HDFC Arbitrage Fund
Edelweiss Arbitrage Fund
Aditya Birla Sun Life Arbitrage Fund
Axis Arbitrage Fund
Bandhan Arbitrage Fund
*Above is list of best Arbitrage funds are having AUM/Net Assets above 500 Crore. Sorted on Last 3 Year Return.
The investment objective of the scheme is to generate capital appreciation and income by predominantly investing in arbitrage opportunities in the cash and derivatives segment of the equity market, and by investing the balance in debt and money market instruments. However, there is no assurance that the objective of the scheme will be realized Below is the key information for Kotak Equity Arbitrage Fund Returns up to 1 year are on To provide capital appreciation and regular income for unitholders by identifying profitable arbitrage opportunities between the spot and derivative market segments as also through investment of surplus cash in debt and money market instruments. Research Highlights for SBI Arbitrage Opportunities Fund Below is the key information for SBI Arbitrage Opportunities Fund Returns up to 1 year are on (Erstwhile UTI SPREAD Fund) The investment objective of the scheme is to provide capital appreciation and dividend distribution through arbitrage opportunities arising out of price differences between the cash and derivative market by investing predominantly in equity and equity-related securities, derivatives and the balance portion in debt securities. However, there can be no assurance that the investment objective of the scheme will be realised. Research Highlights for UTI Arbitrage Fund Below is the key information for UTI Arbitrage Fund Returns up to 1 year are on The primary investment objective of the scheme is to generate income through arbitrage opportunities emerging out of mis-pricing between the cash market and the derivatives market and through deployment of surplus cash in fixed income instruments. Research Highlights for Invesco India Arbitrage Fund Below is the key information for Invesco India Arbitrage Fund Returns up to 1 year are on The investment objective of Income Optimiser Plan under the scheme is to seek to generate low volatility returns by using arbitrage and other derivative strategies in equity markets and investments in short-term debt portfolio. Research Highlights for ICICI Prudential Equity Arbitrage Fund Below is the key information for ICICI Prudential Equity Arbitrage Fund Returns up to 1 year are on "To generate income through 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." Research Highlights for HDFC Arbitrage Fund Below is the key information for HDFC Arbitrage Fund Returns up to 1 year are on The investment objective of the Scheme is to generate 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 is no assurance that the investment objective of the scheme will be realized. Research Highlights for Edelweiss Arbitrage Fund Below is the key information for Edelweiss Arbitrage Fund Returns up to 1 year are on (Erstwhile Aditya Birla Sun Life Enhanced Arbitrage Fund) An Open ended Equity Scheme with an investment objective to generate income by investing predominantly in equity and equity related instruments. Scheme intends to take advantage from the price differentials / mis-pricing prevailing for stock / index in various market segments (Cash & Futures). Research Highlights for Aditya Birla Sun Life Arbitrage Fund Below is the key information for Aditya Birla Sun Life Arbitrage Fund Returns up to 1 year are on (Erstwhile Axis Enhanced Arbitrage Fund) To generate income through low volatility absolute return strategies that take advantage of opportunities in the cash and the derivative segments of the equity markets including the arbitrage opportunities available within the derivative segment, by using other derivative based strategies and by investing the balance in debt and money market instruments. However, there is no assurance or guarantee that the investment objective of the Scheme will be achieved. The Scheme does not assure or guarantee any returns. Research Highlights for Axis Arbitrage Fund Below is the key information for Axis Arbitrage Fund Returns up to 1 year are on The investment objective of the Scheme is to generate capital appreciation and
income by predominantly investing in arbitrage opportunity in the cash and
the derivative segments of the equity markets and the arbitrage opportunity
available within the derivative segments and by investing the balance in debt
and money market instruments. However there is no assurance that the
investment objective of the scheme will be realized. Research Highlights for Bandhan Arbitrage Fund Below is the key information for Bandhan Arbitrage Fund Returns up to 1 year are on 1. Kotak Equity Arbitrage Fund
Kotak Equity Arbitrage Fund
Growth Launch Date 29 Sep 05 NAV (31 Mar 26) ₹39.1516 ↑ 0.00 (0.00 %) Net Assets (Cr) ₹71,265 on 28 Feb 26 Category Hybrid - Arbitrage AMC Kotak Mahindra Asset Management Co Ltd Rating ☆☆☆☆ Risk Moderately Low Expense Ratio 0.97 Sharpe Ratio 1.29 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 500 Exit Load 0-30 Days (0.25%),30 Days and above(NIL) Growth of 10,000 investment over the years.
Date Value 31 Mar 21 ₹10,000 31 Mar 22 ₹10,398 31 Mar 23 ₹10,951 31 Mar 24 ₹11,807 31 Mar 25 ₹12,695 Returns for Kotak Equity Arbitrage Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 31 Mar 26 Duration Returns 1 Month 0.6% 3 Month 1.6% 6 Month 3.2% 1 Year 6.1% 3 Year 7.2% 5 Year 6.1% 10 Year 15 Year Since launch 6.9% Historical performance (Yearly) on absolute basis
Year Returns 2024 6.4% 2023 7.8% 2022 7.4% 2021 4.5% 2020 4% 2019 4.3% 2018 6.1% 2017 6.3% 2016 5.8% 2015 6.7% Fund Manager information for Kotak Equity Arbitrage Fund
Name Since Tenure Hiten Shah 3 Oct 19 6.41 Yr. Data below for Kotak Equity Arbitrage Fund as on 28 Feb 26
Asset Allocation
Asset Class Value Cash 90.75% Debt 9.5% Other 0.07% Equity Sector Allocation
Sector Value Financial Services 23.09% Basic Materials 8.39% Consumer Cyclical 6.55% Industrials 5.41% Energy 4.69% Health Care 4.67% Communication Services 4.14% Utility 3.6% Consumer Defensive 3.53% Technology 2.3% Real Estate 0.76% Debt Sector Allocation
Sector Value Cash Equivalent 80.55% Corporate 15.69% Government 4.01% Credit Quality
Rating Value AAA 100% Top Securities Holdings / Portfolio
Name Holding Value Quantity Kotak Money Market Dir Gr
Investment Fund | -11% ₹8,064 Cr 17,061,028 Kotak Liquid Dir Gr
Investment Fund | -7% ₹5,187 Cr 9,369,003
↑ 2,460,369 HDFC Bank Ltd.-MAR2026
Derivatives | -7% -₹4,970 Cr 55,587,950
↑ 50,937,700 HDFC Bank Ltd (Financial Services)
Equity, Since 30 Apr 22 | HDFCBANK7% ₹4,936 Cr 55,605,000
↑ 11,256,300 Kotak Savings Fund Dir Gr
Investment Fund | -6% ₹4,015 Cr 858,004,118 ICICI Bank Ltd.-MAR2026
Derivatives | -3% -₹2,079 Cr 14,987,000
↑ 14,976,500 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Dec 19 | ICICIBANK3% ₹2,067 Cr 14,987,000
↑ 1,939,000 RELIANCE INDUSTRIES LTD.-MAR2026
Derivatives | -3% -₹1,791 Cr 12,778,000
↑ 11,785,500 Reliance Industries Ltd (Energy)
Equity, Since 31 May 18 | RELIANCE3% ₹1,784 Cr 12,795,500
↓ -1,023,000 JSW Steel Ltd.-MAR2026
Derivatives | -2% -₹1,426 Cr 11,213,775
↑ 11,213,775 2. SBI Arbitrage Opportunities Fund
SBI Arbitrage Opportunities Fund
Growth Launch Date 3 Nov 06 NAV (31 Mar 26) ₹35.337 ↑ 0.00 (0.00 %) Net Assets (Cr) ₹44,393 on 28 Feb 26 Category Hybrid - Arbitrage AMC SBI Funds Management Private Limited Rating ☆☆ Risk Moderately Low Expense Ratio 0.95 Sharpe Ratio 1.76 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 500 Exit Load 0-1 Months (0.5%),1 Months and above(NIL) Growth of 10,000 investment over the years.
Date Value 31 Mar 21 ₹10,000 31 Mar 22 ₹10,412 31 Mar 23 ₹10,978 31 Mar 24 ₹11,828 31 Mar 25 ₹12,694 Returns for SBI Arbitrage Opportunities Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 31 Mar 26 Duration Returns 1 Month 0.6% 3 Month 1.6% 6 Month 3.2% 1 Year 6.3% 3 Year 7.1% 5 Year 6.2% 10 Year 15 Year Since launch 6.7% Historical performance (Yearly) on absolute basis
Year Returns 2024 6.5% 2023 7.5% 2022 7.4% 2021 4.6% 2020 4% 2019 3.5% 2018 6% 2017 6.2% 2016 5.3% 2015 6.4% Fund Manager information for SBI Arbitrage Opportunities Fund
Name Since Tenure Neeraj Kumar 5 Oct 12 13.41 Yr. Ardhendu Bhattacharya 27 Dec 24 1.17 Yr. Data below for SBI Arbitrage Opportunities Fund as on 28 Feb 26
Asset Allocation
Asset Class Value Cash 92.99% Debt 7.64% Other 0.05% Equity Sector Allocation
Sector Value Financial Services 24.97% Basic Materials 9.2% Industrials 7.99% Consumer Cyclical 5.83% Energy 5.04% Health Care 4.27% Communication Services 3.68% Consumer Defensive 3.6% Technology 3.09% Utility 2.58% Real Estate 1.09% Debt Sector Allocation
Sector Value Cash Equivalent 85.31% Corporate 13.48% Government 1.85% Credit Quality
Rating Value AA 1.39% AAA 98.61% Top Securities Holdings / Portfolio
Name Holding Value Quantity SBI Savings Dir Gr
Investment Fund | -8% ₹3,369 Cr 726,722,883 SBI Liquid Dir Gr
Investment Fund | -7% ₹2,924 Cr 6,824,454
↑ 1,167,672 Future on HDFC Bank Ltd
Derivatives | -6% -₹2,683 Cr 30,002,500
↑ 30,002,500 HDFC Bank Ltd (Financial Services)
Equity, Since 30 Apr 22 | HDFCBANK6% ₹2,663 Cr 30,002,500
↑ 3,997,400 Future on ICICI Bank Ltd
Derivatives | -4% -₹1,822 Cr 13,137,600
↑ 13,137,600 ICICI Bank Ltd (Financial Services)
Equity, Since 30 Jun 21 | ICICIBANK4% ₹1,812 Cr 13,137,600
↓ -295,400 SBI Low Duration Dir Gr
Investment Fund | -2% ₹1,099 Cr 2,904,125 Future on Reliance Industries Ltd
Derivatives | -2% -₹899 Cr 6,403,000
↑ 6,403,000 Reliance Industries Ltd (Energy)
Equity, Since 30 Nov 21 | RELIANCE2% ₹893 Cr 6,403,000
↓ -180,000 Future on Axis Bank Ltd
Derivatives | -2% -₹763 Cr 5,484,375
↑ 5,484,375 3. UTI Arbitrage Fund
UTI Arbitrage Fund
Growth Launch Date 22 Jun 06 NAV (31 Mar 26) ₹36.6139 ↑ 0.00 (0.00 %) Net Assets (Cr) ₹11,070 on 28 Feb 26 Category Hybrid - Arbitrage AMC UTI Asset Management Company Ltd Rating ☆☆☆ Risk Moderately Low Expense Ratio 0.78 Sharpe Ratio 1.7 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 500 Exit Load 0-30 Days (0.5%),30 Days and above(NIL) Growth of 10,000 investment over the years.
Date Value 31 Mar 21 ₹10,000 31 Mar 22 ₹10,384 31 Mar 23 ₹10,895 31 Mar 24 ₹11,721 31 Mar 25 ₹12,596 Returns for UTI Arbitrage Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 31 Mar 26 Duration Returns 1 Month 0.5% 3 Month 1.5% 6 Month 3.2% 1 Year 6.2% 3 Year 7.1% 5 Year 6% 10 Year 15 Year Since launch 6.8% Historical performance (Yearly) on absolute basis
Year Returns 2024 6.5% 2023 7.7% 2022 7.2% 2021 4% 2020 3.9% 2019 4.4% 2018 6.2% 2017 6.2% 2016 5.7% 2015 6.5% Fund Manager information for UTI Arbitrage Fund
Name Since Tenure Amit Sharma 2 Jul 18 7.67 Yr. Sharwan Kumar Goyal 1 Jan 21 5.16 Yr. Data below for UTI Arbitrage Fund as on 28 Feb 26
Asset Allocation
Asset Class Value Cash 92.21% Debt 8.1% Other 0.05% Equity Sector Allocation
Sector Value Financial Services 22.87% Basic Materials 9.37% Consumer Cyclical 8.6% Industrials 5.28% Health Care 4.3% Consumer Defensive 4.18% Energy 4.02% Communication Services 3.11% Real Estate 1.6% Technology 1.34% Utility 0.88% Debt Sector Allocation
Sector Value Cash Equivalent 85.12% Corporate 11.51% Government 3.68% Credit Quality
Rating Value AAA 100% Top Securities Holdings / Portfolio
Name Holding Value Quantity UTI Money Market Dir Gr
Investment Fund | -12% ₹1,368 Cr 4,201,929 UTI Liquid Dir Gr
Investment Fund | -6% ₹664 Cr 1,476,857
↑ 266,794 HDFC BANK LTD.-30-Mar-2026
Derivatives | -5% -₹544 Cr 6,088,500
↑ 5,506,600 HDFC Bank Ltd (Financial Services)
Equity, Since 30 Apr 22 | HDFCBANK5% ₹542 Cr 6,103,350
↑ 962,500 ICICI BANK LTD-30-Mar-2026
Derivatives | -4% -₹428 Cr 3,085,600
↑ 2,103,500 ICICI Bank Ltd (Financial Services)
Equity, Since 30 Sep 24 | ICICIBANK4% ₹425 Cr 3,085,600
↓ -215,600 RELIANCE INDUSTRIES LTD.-30-Mar-2026
Derivatives | -3% -₹383 Cr 2,734,500
↑ 2,453,500 Reliance Industries Ltd (Energy)
Equity, Since 31 Aug 23 | RELIANCE3% ₹381 Cr 2,734,500
↑ 293,000 KOTAK MAHINDRA BANK LTD.-30-Mar-2026
Derivatives | -2% -₹273 Cr 6,536,000
↑ 5,536,000 Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 30 Jun 23 | KOTAKBANK2% ₹271 Cr 6,536,000
↑ 586,000 4. Invesco India Arbitrage Fund
Invesco India Arbitrage Fund
Growth Launch Date 30 Apr 07 NAV (31 Mar 26) ₹33.3376 ↑ 0.00 (0.00 %) Net Assets (Cr) ₹28,527 on 28 Feb 26 Category Hybrid - Arbitrage AMC Invesco Asset Management (India) Private Ltd Rating ☆☆☆ Risk Moderately Low Expense Ratio 1.06 Sharpe Ratio 1.61 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 500 Exit Load 0-15 Days (0.5%),15 Days and above(NIL) Growth of 10,000 investment over the years.
Date Value 31 Mar 21 ₹10,000 31 Mar 22 ₹10,380 31 Mar 23 ₹10,988 31 Mar 24 ₹11,825 31 Mar 25 ₹12,698 Returns for Invesco India Arbitrage Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 31 Mar 26 Duration Returns 1 Month 0.5% 3 Month 1.5% 6 Month 3.2% 1 Year 6.1% 3 Year 7% 5 Year 6.1% 10 Year 15 Year Since launch 6.6% Historical performance (Yearly) on absolute basis
Year Returns 2024 6.5% 2023 7.6% 2022 7.4% 2021 5.1% 2020 3.5% 2019 4.3% 2018 5.9% 2017 5.9% 2016 5.5% 2015 6.5% Fund Manager information for Invesco India Arbitrage Fund
Name Since Tenure Deepak Gupta 11 Nov 21 4.3 Yr. Manish Kalani 1 Jul 25 0.66 Yr. Data below for Invesco India Arbitrage Fund as on 28 Feb 26
Asset Allocation
Asset Class Value Cash 89.23% Debt 11.65% Equity Sector Allocation
Sector Value Financial Services 20.09% Industrials 7.22% Consumer Cyclical 6.61% Basic Materials 5.81% Health Care 5.78% Communication Services 5.15% Energy 3.97% Utility 2.78% Technology 2.51% Consumer Defensive 1.71% Real Estate 0.98% Debt Sector Allocation
Sector Value Cash Equivalent 83.99% Corporate 14.93% Government 1.99% Credit Quality
Rating Value AA 2.55% AAA 97.45% Top Securities Holdings / Portfolio
Name Holding Value Quantity Future on BANK Index
- | -10% -₹2,965 Cr 58,535,375
↓ -18,097,650 Invesco India Liquid Dir Gr
Investment Fund | -8% ₹2,388 Cr 6,347,875
↓ -267,924 Invesco India Money Market Dir Gr
Investment Fund | -7% ₹1,946 Cr 5,925,910
↑ 1,834,487 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jan 23 | HDFCBANK6% ₹1,586 Cr 17,868,400
↑ 1,130,250 Future on Bharti Airtel Ltd
Derivatives | -3% -₹926 Cr 4,901,525
↑ 2,094,275 Future on Reliance Industries Ltd
Derivatives | -3% -₹825 Cr 5,885,000
↓ -2,997,000 Reliance Industries Ltd (Energy)
Equity, Since 31 Dec 22 | RELIANCE3% ₹820 Cr 5,885,000
↓ -2,997,000 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 24 | ICICIBANK3% ₹755 Cr 5,476,800
↓ -2,265,900 Bharti Airtel Ltd (Partly Paid Rs.1.25) (Communication Services)
Equity, Since 31 Dec 25 | 8901572% ₹686 Cr 4,643,125
↑ 2,347,925 Future on Vodafone Idea Ltd
Derivatives | -2% -₹656 Cr 616,686,300
↑ 29,018,850 5. ICICI Prudential Equity Arbitrage Fund
ICICI Prudential Equity Arbitrage Fund
Growth Launch Date 30 Dec 06 NAV (31 Mar 26) ₹35.8389 ↑ 0.00 (0.00 %) Net Assets (Cr) ₹32,989 on 28 Feb 26 Category Hybrid - Arbitrage AMC ICICI Prudential Asset Management Company Limited Rating ☆☆☆☆ Risk Moderate Expense Ratio 0.9 Sharpe Ratio 1.66 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 1,000 Exit Load 0-1 Months (0.25%),1 Months and above(NIL) Growth of 10,000 investment over the years.
Date Value 31 Mar 21 ₹10,000 31 Mar 22 ₹10,385 31 Mar 23 ₹10,911 31 Mar 24 ₹11,733 31 Mar 25 ₹12,596 Returns for ICICI Prudential Equity Arbitrage Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 31 Mar 26 Duration Returns 1 Month 0.4% 3 Month 1.5% 6 Month 3.2% 1 Year 6.2% 3 Year 7% 5 Year 6% 10 Year 15 Year Since launch 6.9% Historical performance (Yearly) on absolute basis
Year Returns 2024 6.5% 2023 7.6% 2022 7.1% 2021 4.2% 2020 3.9% 2019 4.3% 2018 5.9% 2017 6.2% 2016 5.5% 2015 6.8% Fund Manager information for ICICI Prudential Equity Arbitrage Fund
Name Since Tenure Nikhil Kabra 29 Dec 20 5.17 Yr. Sharmila D'Silva 31 Jul 22 3.58 Yr. Darshil Dedhia 13 Sep 24 1.46 Yr. Ajaykumar Solanki 23 Aug 24 1.52 Yr. Archana Nair 1 Feb 24 2.08 Yr. Data below for ICICI Prudential Equity Arbitrage Fund as on 28 Feb 26
Asset Allocation
Asset Class Value Cash 95.08% Debt 5.42% Other 0.04% Equity Sector Allocation
Sector Value Financial Services 21.54% Consumer Cyclical 7.75% Communication Services 7.75% Basic Materials 7.59% Industrials 5.46% Health Care 5.41% Consumer Defensive 4.02% Energy 3.9% Utility 2.59% Real Estate 1.39% Technology 1.14% Debt Sector Allocation
Sector Value Cash Equivalent 82.73% Corporate 14.78% Government 2.99% Credit Quality
Rating Value AAA 100% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Pru Money Market Dir Gr
Investment Fund | -16% ₹5,126 Cr 127,933,512 Future on HDFC Bank Ltd
Derivatives | -5% -₹1,770 Cr 19,798,350
↑ 19,798,350 HDFC Bank Ltd (Financial Services)
Equity, Since 30 Nov 21 | HDFCBANK5% ₹1,758 Cr 19,798,350
↑ 1,674,200 Future on Bharti Airtel Ltd
Derivatives | -5% -₹1,522 Cr 8,054,100
↑ 8,054,100 Future on Vodafone Idea Ltd
Derivatives | -3% -₹1,057 Cr 993,931,350
↑ 993,931,350 Vodafone Idea Ltd (Communication Services)
Equity, Since 30 Sep 23 | IDEA3% ₹1,053 Cr 993,931,350
↑ 200,773,275 Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Dec 23 | BHARTIARTL3% ₹1,032 Cr 5,489,100
↑ 1,700,025 Future on Jio Financial Services Ltd
Derivatives | -2% -₹654 Cr 25,497,500
↑ 25,497,500 Jio Financial Services Ltd (Financial Services)
Equity, Since 30 Nov 24 | JIOFIN2% ₹651 Cr 25,497,500
↑ 1,269,000 Future on Eternal Ltd
Derivatives | -2% -₹628 Cr 25,406,725
↑ 25,406,725 6. HDFC Arbitrage Fund
HDFC Arbitrage Fund
Growth Launch Date 23 Oct 07 NAV (31 Mar 26) ₹31.998 ↑ 0.00 (0.01 %) Net Assets (Cr) ₹24,768 on 28 Feb 26 Category Hybrid - Arbitrage AMC HDFC Asset Management Company Limited Rating ☆☆☆ Risk Moderately Low Expense Ratio 0.97 Sharpe Ratio 1.23 Information Ratio 0 Alpha Ratio 0 Min Investment 100,000 Min SIP Investment 300 Exit Load 0-1 Months (0.25%),1 Months and above(NIL) Growth of 10,000 investment over the years.
Date Value 31 Mar 21 ₹10,000 31 Mar 22 ₹10,365 31 Mar 23 ₹10,892 31 Mar 24 ₹11,714 31 Mar 25 ₹12,579 Returns for HDFC Arbitrage Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 31 Mar 26 Duration Returns 1 Month 0.5% 3 Month 1.5% 6 Month 3.1% 1 Year 6.1% 3 Year 7% 5 Year 5.9% 10 Year 15 Year Since launch 6.5% Historical performance (Yearly) on absolute basis
Year Returns 2024 6.3% 2023 7.7% 2022 7.2% 2021 4.2% 2020 3.6% 2019 3.7% 2018 6% 2017 5.7% 2016 5.3% 2015 6.6% Fund Manager information for HDFC Arbitrage Fund
Name Since Tenure Anil Bamboli 1 Feb 22 4.08 Yr. Arun Agarwal 24 Aug 20 5.52 Yr. Dhruv Muchhal 22 Jun 23 2.69 Yr. Nandita Menezes 29 Mar 25 0.92 Yr. Data below for HDFC Arbitrage Fund as on 28 Feb 26
Asset Allocation
Asset Class Value Cash 87.96% Debt 12.31% Other 0.05% Equity Sector Allocation
Sector Value Financial Services 21.69% Basic Materials 9.7% Consumer Cyclical 7.84% Energy 5.62% Industrials 4.94% Consumer Defensive 3.8% Health Care 3.37% Utility 2.8% Communication Services 2.79% Technology 1.76% Real Estate 0.82% Debt Sector Allocation
Sector Value Cash Equivalent 77.92% Corporate 19.21% Government 3.14% Credit Quality
Rating Value AAA 100% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Money Market Dir Gr
Investment Fund | -8% ₹2,063 Cr 3,392,377 Future on HDFC Bank Ltd
Derivatives | -7% -₹1,627 Cr 18,204,450
↑ 18,204,450 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jan 23 | HDFCBANK7% ₹1,616 Cr 18,204,450
↑ 4,738,800 Future on Reliance Industries Ltd
Derivatives | -4% -₹1,039 Cr 7,413,000
↑ 7,413,000 Reliance Industries Ltd (Energy)
Equity, Since 31 Oct 21 | RELIANCE4% ₹1,033 Cr 7,413,000
↓ -371,500 Future on ICICI Bank Ltd
Derivatives | -4% -₹927 Cr 6,681,500
↑ 6,681,500 ICICI Bank Ltd (Financial Services)
Equity, Since 30 Jun 24 | ICICIBANK4% ₹921 Cr 6,681,500
↓ -1,913,800 HDFC Liquid Dir Gr
Investment Fund | -4% ₹918 Cr 1,704,922
↓ -186,490 HDFC Ultra S/T Fund Dir Gr
Investment Fund | -2% ₹601 Cr 373,115,103 Future on Grasim Industries Ltd
Derivatives | -2% -₹601 Cr 2,134,500
↑ 2,134,500 7. Edelweiss Arbitrage Fund
Edelweiss Arbitrage Fund
Growth Launch Date 27 Jun 14 NAV (31 Mar 26) ₹20.2286 ↑ 0.00 (0.00 %) Net Assets (Cr) ₹15,452 on 28 Feb 26 Category Hybrid - Arbitrage AMC Edelweiss Asset Management Limited Rating ☆☆☆☆☆ Risk Moderately Low Expense Ratio 1.07 Sharpe Ratio 1 Information Ratio -1.8 Alpha Ratio -0.43 Min Investment 5,000 Min SIP Investment 500 Exit Load 0-30 Days (0.25%),30 Days and above(NIL) Growth of 10,000 investment over the years.
Date Value 31 Mar 21 ₹10,000 31 Mar 22 ₹10,392 31 Mar 23 ₹10,923 31 Mar 24 ₹11,757 31 Mar 25 ₹12,621 Returns for Edelweiss Arbitrage Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 31 Mar 26 Duration Returns 1 Month 0.5% 3 Month 1.5% 6 Month 3.1% 1 Year 6% 3 Year 7% 5 Year 6% 10 Year 15 Year Since launch 6.2% Historical performance (Yearly) on absolute basis
Year Returns 2024 6.3% 2023 7.7% 2022 7.1% 2021 4.4% 2020 3.8% 2019 4.5% 2018 6.2% 2017 6.1% 2016 5.8% 2015 6.7% Fund Manager information for Edelweiss Arbitrage Fund
Name Since Tenure Bhavesh Jain 27 Jun 14 11.68 Yr. Rahul Dedhia 15 Jan 26 0.12 Yr. Amit Vora 6 Nov 24 1.31 Yr. Hetul Raval 22 Sep 25 0.44 Yr. Data below for Edelweiss Arbitrage Fund as on 28 Feb 26
Asset Allocation
Asset Class Value Cash 93.75% Debt 6.89% Other 0.03% Equity Sector Allocation
Sector Value Financial Services 22.34% Basic Materials 11.76% Consumer Cyclical 6.71% Industrials 5.06% Energy 4.91% Consumer Defensive 4.58% Communication Services 4.19% Health Care 4.04% Utility 3.16% Real Estate 1.13% Technology 0.78% Debt Sector Allocation
Sector Value Cash Equivalent 84.91% Corporate 11.98% Government 3.74% Credit Quality
Rating Value AAA 100% Top Securities Holdings / Portfolio
Name Holding Value Quantity Edelweiss Liquid Dir Gr
Investment Fund | -9% ₹1,404 Cr 3,961,996
↑ 141,412 Future on HDFC Bank Ltd
Derivatives | -6% -₹964 Cr 10,779,450
↑ 1,706,100 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Mar 21 | HDFCBANK6% ₹957 Cr 10,779,450
↑ 1,706,100 Edelweiss Money Market Dir Gr
Investment Fund | -4% ₹559 Cr 171,039,989
↑ 38,374,934 Future on ICICI Bank Ltd
Derivatives | -3% -₹478 Cr 3,444,000
↑ 398,300 ICICI Bank Ltd (Financial Services)
Equity, Since 30 Apr 20 | ICICIBANK3% ₹475 Cr 3,444,000
↑ 398,300 Future on Vodafone Idea Ltd
Derivatives | -3% -₹394 Cr 370,240,500
↑ 14,938,275 Vodafone Idea Ltd (Communication Services)
Equity, Since 31 May 20 | IDEA3% ₹392 Cr 370,240,500
↑ 14,938,275 Future on Eternal Ltd
Derivatives | -2% -₹356 Cr 14,404,500
↑ 3,790,275 Future on JSW Steel Ltd
Derivatives | -2% -₹355 Cr 2,792,475
↓ -20,250 8. Aditya Birla Sun Life Arbitrage Fund
Aditya Birla Sun Life Arbitrage Fund
Growth Launch Date 24 Jul 09 NAV (31 Mar 26) ₹27.7276 ↑ 0.00 (0.00 %) Net Assets (Cr) ₹26,792 on 28 Feb 26 Category Hybrid - Arbitrage AMC Birla Sun Life Asset Management Co Ltd Rating ☆☆☆ Risk Moderate Expense Ratio 1.01 Sharpe Ratio 1.33 Information Ratio 0 Alpha Ratio 0 Min Investment 1,000 Min SIP Investment 1,000 Exit Load 0-30 Days (0.5%),30 Days and above(NIL) Growth of 10,000 investment over the years.
Date Value 31 Mar 21 ₹10,000 31 Mar 22 ₹10,377 31 Mar 23 ₹10,886 31 Mar 24 ₹11,708 31 Mar 25 ₹12,555 Returns for Aditya Birla Sun Life Arbitrage Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 31 Mar 26 Duration Returns 1 Month 0.5% 3 Month 1.5% 6 Month 3.1% 1 Year 6.1% 3 Year 7% 5 Year 5.9% 10 Year 15 Year Since launch 6.3% Historical performance (Yearly) on absolute basis
Year Returns 2024 6.4% 2023 7.5% 2022 7.1% 2021 4.1% 2020 3.8% 2019 4.1% 2018 6.2% 2017 6% 2016 5.6% 2015 6.5% Fund Manager information for Aditya Birla Sun Life Arbitrage Fund
Name Since Tenure Lovelish Solanki 15 Dec 14 11.21 Yr. Mohit Sharma 3 Mar 25 0.99 Yr. Krina Mehta 2 Oct 25 0.41 Yr. Data below for Aditya Birla Sun Life Arbitrage Fund as on 28 Feb 26
Asset Allocation
Asset Class Value Cash 92.63% Debt 7.77% Other 0.05% Equity Sector Allocation
Sector Value Financial Services 22.39% Basic Materials 8.53% Consumer Cyclical 8.02% Energy 6.17% Industrials 4.85% Communication Services 4.02% Health Care 3.87% Consumer Defensive 3.51% Utility 2.89% Technology 1.72% Real Estate 1.12% Debt Sector Allocation
Sector Value Cash Equivalent 81.64% Corporate 12.42% Government 6.35% Credit Quality
Rating Value AA 5.57% AAA 94.43% Top Securities Holdings / Portfolio
Name Holding Value Quantity Aditya BSL Money Mgr Dir Gr
Investment Fund | -11% ₹2,834 Cr 72,535,022
↑ 5,128,258 Future on HDFC Bank Ltd
Derivatives | -5% -₹1,235 Cr 13,492,450
↑ 2,802,750 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Dec 21 | HDFCBANK4% ₹1,184 Cr 13,332,550
↑ 2,816,550 Reliance Industries Ltd (Energy)
Equity, Since 30 Jun 18 | RELIANCE4% ₹1,050 Cr 7,535,500
↓ -30,000 Aditya BSL FRF Dir Gr
Investment Fund | -4% ₹1,049 Cr 28,135,768 Reliance_(30/03/2026)
Derivatives | -4% -₹1,023 Cr 7,303,000
↑ 6,767,000 Future on ICICI Bank Ltd
Derivatives | -3% -₹850 Cr 6,117,050
↓ -229,375 ICICI Bank Ltd (Financial Services)
Equity, Since 31 May 24 | ICICIBANK3% ₹839 Cr 6,086,500
↓ -240,100 Aditya BSL Liquid Dir Gr
Investment Fund | -3% ₹831 Cr 18,764,152
↑ 10,198,352 Future on Axis Bank Ltd
Derivatives | -3% -₹784 Cr 5,631,875
↓ -148,125 9. Axis Arbitrage Fund
Axis Arbitrage Fund
Growth Launch Date 14 Aug 14 NAV (31 Mar 26) ₹19.5158 ↑ 0.00 (0.00 %) Net Assets (Cr) ₹9,212 on 28 Feb 26 Category Hybrid - Arbitrage AMC Axis Asset Management Company Limited Rating ☆☆ Risk Moderate Expense Ratio 1 Sharpe Ratio 1.19 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 1,000 Exit Load 0-7 Days (0.25%),7 Days and above(NIL) Growth of 10,000 investment over the years.
Date Value 31 Mar 21 ₹10,000 31 Mar 22 ₹10,404 31 Mar 23 ₹10,903 31 Mar 24 ₹11,712 31 Mar 25 ₹12,557 Returns for Axis Arbitrage Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 31 Mar 26 Duration Returns 1 Month 0.5% 3 Month 1.5% 6 Month 3.1% 1 Year 6.1% 3 Year 6.9% 5 Year 5.9% 10 Year 15 Year Since launch 5.9% Historical performance (Yearly) on absolute basis
Year Returns 2024 6.3% 2023 7.6% 2022 6.9% 2021 4.2% 2020 3.8% 2019 4.1% 2018 5.8% 2017 6.1% 2016 5.2% 2015 6.9% Fund Manager information for Axis Arbitrage Fund
Name Since Tenure Devang Shah 14 Aug 14 11.55 Yr. Sachin Jain 9 Nov 21 4.31 Yr. Karthik Kumar 3 Jul 23 2.66 Yr. Data below for Axis Arbitrage Fund as on 28 Feb 26
Asset Allocation
Asset Class Value Cash 91.79% Debt 8.56% Equity Sector Allocation
Sector Value Financial Services 22.68% Consumer Cyclical 9.95% Basic Materials 9.44% Industrials 7.11% Health Care 5.13% Consumer Defensive 4.19% Communication Services 3.23% Energy 2.93% Utility 1.93% Real Estate 1.61% Technology 1.26% Debt Sector Allocation
Sector Value Cash Equivalent 83.21% Corporate 14.71% Government 2.43% Credit Quality
Rating Value AAA 100% Top Securities Holdings / Portfolio
Name Holding Value Quantity Future on BANK Index
- | -12% -₹1,131 Cr 27,968,825
↓ -1,168,525 Axis Money Market Dir Gr
Investment Fund | -10% ₹951 Cr 6,309,156 HDFC Bank Ltd (Financial Services)
Equity, Since 28 Feb 23 | HDFCBANK5% ₹486 Cr 5,469,750
↑ 320,650 ICICI Bank Ltd (Financial Services)
Equity, Since 30 Nov 24 | ICICIBANK3% ₹307 Cr 2,226,000
↓ -301,000 Future on Reliance Industries Ltd
Derivatives | -2% -₹224 Cr 1,601,000
↓ -439,500 Reliance Industries Ltd (Energy)
Equity, Since 31 Mar 20 | RELIANCE2% ₹223 Cr 1,601,000
↓ -439,500 Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 30 Jun 23 | KOTAKBANK2% ₹179 Cr 4,302,000
↑ 742,000 Future on Bharti Airtel Ltd
Derivatives | -2% -₹178 Cr 940,500
↑ 294,975 Future on Mahindra & Mahindra Ltd
Derivatives | -2% -₹158 Cr 464,000
↑ 43,000 Mahindra & Mahindra Ltd (Consumer Cyclical)
Equity, Since 31 Mar 24 | M&M2% ₹158 Cr 464,000
↑ 43,000 10. Bandhan Arbitrage Fund
Bandhan Arbitrage Fund
Growth Launch Date 21 Dec 06 NAV (31 Mar 26) ₹33.8142 ↑ 0.00 (0.00 %) Net Assets (Cr) ₹8,650 on 28 Feb 26 Category Hybrid - Arbitrage AMC IDFC Asset Management Company Limited Rating ☆ Risk Moderately Low Expense Ratio 1.1 Sharpe Ratio 0.65 Information Ratio 0 Alpha Ratio 0 Min Investment 100 Min SIP Investment 1,000 Exit Load 0-1 Months (0.25%),1 Months and above(NIL) Growth of 10,000 investment over the years.
Date Value 31 Mar 21 ₹10,000 31 Mar 22 ₹10,359 31 Mar 23 ₹10,873 31 Mar 24 ₹11,687 31 Mar 25 ₹12,540 31 Mar 26 ₹13,273 Returns for Bandhan Arbitrage Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 31 Mar 26 Duration Returns 1 Month 0.5% 3 Month 1.4% 6 Month 3% 1 Year 5.8% 3 Year 6.9% 5 Year 5.8% 10 Year 15 Year Since launch 6.5% Historical performance (Yearly) on absolute basis
Year Returns 2024 6.2% 2023 7.5% 2022 7.1% 2021 4.1% 2020 3.5% 2019 3.8% 2018 6.2% 2017 6.3% 2016 5.5% 2015 6.3% Fund Manager information for Bandhan Arbitrage Fund
Name Since Tenure Harshal Joshi 20 Oct 16 9.36 Yr. Brijesh Shah 10 Jun 24 1.72 Yr. Ritika Behera 7 Oct 23 2.4 Yr. Gaurav Satra 7 Jun 24 1.73 Yr. Kapil Kankonkar 16 Jun 25 0.7 Yr. Data below for Bandhan Arbitrage Fund as on 28 Feb 26
Asset Allocation
Asset Class Value Cash 89.65% Equity 0.09% Debt 10.59% Equity Sector Allocation
Sector Value Financial Services 28.51% Basic Materials 7.76% Industrials 7.22% Consumer Cyclical 5.73% Health Care 4.21% Communication Services 3.9% Energy 3.52% Consumer Defensive 3.42% Real Estate 1.93% Technology 1.46% Utility 1.14% Debt Sector Allocation
Sector Value Cash Equivalent 82.01% Corporate 13.93% Government 4.31% Credit Quality
Rating Value AAA 100% Top Securities Holdings / Portfolio
Name Holding Value Quantity Future on BANK Index
- | -14% -₹1,248 Cr 46,727,600
↓ -3,274,525 Bandhan Money Market Dir Gr
Investment Fund | -12% ₹1,081 Cr 237,369,795 Bandhan Low Duration Dir Gr
Investment Fund | -7% ₹570 Cr 138,570,583 Bandhan Ultra Short Dur Dir Gr
Investment Fund | -6% ₹491 Cr 306,330,138
↑ 156,137,770 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Mar 22 | HDFCBANK5% ₹443 Cr 4,992,900
↑ 1,018,600 Future on Vodafone Idea Ltd
Derivatives | -3% -₹294 Cr 276,751,200
↑ 276,751,200 Vodafone Idea Ltd (Communication Services)
Equity, Since 31 Jul 23 | IDEA3% ₹293 Cr 276,751,200
↑ 11,293,050 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 24 | ICICIBANK3% ₹292 Cr 2,120,300
↑ 157,500 Future on Reliance Industries Ltd
Derivatives | -3% -₹226 Cr 1,610,500
↑ 1,610,500 Reliance Industries Ltd (Energy)
Equity, Since 31 Mar 18 | RELIANCE3% ₹224 Cr 1,610,500
↓ -544,000
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Conclusion
Short-term investors should consider arbitrage funds, especially for their favourable tax treatment. However, these funds can not be a substitute for equity funds or debt funds. So, the next time you are looking for short-term investment options, think about arbitrage funds.
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Research Highlights for Kotak Equity Arbitrage Fund