+91-22-48913909Top 10 Best Performing Arbitrage Funds for the year FY 24 - 25
Arbitrage strategy enjoys the benefits of price differences in different markets and makes money. These schemes earn returns by leveraging on price differentials due to Market inefficiencies in different markets. The return generating capacity of these funds are dependent on the Volatility of the invested asset in the market. Some of the advantages of arbitrage funds include less risk, returns, and favourable taxation. Being a part of an Equity Fund, if the investment is held for more than one year, it attracts long-term Capital Gain which in-turn has no tax. In the year 2024, the performance of arbitrage funds was to the mark. Many of the schemes have generated positive returns in 2024. So, let us have a glance at the top and best-performing arbitrage funds for 2024 on the Basis of performance that is, returns.
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Best Performing Arbitrage Funds in FY 24 - 25 Based on Performance
Fund NAV Net Assets (Cr) 2024 (%) 2023 (%) 2022 (%) 2021 (%) 2020 (%) Edelweiss Arbitrage Fund Growth ₹20.1175
↑ 0.00 ₹15,619 ICICI Prudential Equity Arbitrage Fund Growth ₹35.6565
↑ 0.00 ₹32,976 Kotak Equity Arbitrage Fund Growth ₹38.9232
↑ 0.00 ₹71,931 Nippon India Arbitrage Fund Growth ₹27.5532
↑ 0.01 ₹16,390 Invesco India Arbitrage Fund Growth ₹33.1619
↑ 0.00 ₹28,593 UTI Arbitrage Fund Growth ₹36.4202
↓ 0.00 ₹10,957 Aditya Birla Sun Life Arbitrage Fund Growth ₹27.5861
↑ 0.00 ₹26,736 HDFC Arbitrage Fund Growth ₹31.825
↑ 0.00 ₹24,503 PGIM India Arbitrage Fund Growth ₹19.0004
↓ -0.01 ₹90 SBI Arbitrage Opportunities Fund Growth ₹35.1267
↑ 0.00 ₹43,574 Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 26 Feb 26 Research Highlights & Commentary of 10 Funds showcased
Commentary Edelweiss Arbitrage Fund ICICI Prudential Equity Arbitrage Fund Kotak Equity Arbitrage Fund Nippon India Arbitrage Fund Invesco India Arbitrage Fund UTI Arbitrage Fund Aditya Birla Sun Life Arbitrage Fund HDFC Arbitrage Fund PGIM India Arbitrage Fund SBI Arbitrage Opportunities Fund Point 1 Bottom quartile AUM (₹15,619 Cr). Upper mid AUM (₹32,976 Cr). Highest AUM (₹71,931 Cr). Lower mid AUM (₹16,390 Cr). Upper mid AUM (₹28,593 Cr). Bottom quartile AUM (₹10,957 Cr). Upper mid AUM (₹26,736 Cr). Lower mid AUM (₹24,503 Cr). Bottom quartile AUM (₹90 Cr). Top quartile AUM (₹43,574 Cr). Point 2 Established history (11+ yrs). Established history (19+ yrs). Oldest track record among peers (20 yrs). Established history (15+ yrs). Established history (18+ yrs). Established history (19+ yrs). Established history (16+ yrs). Established history (18+ yrs). Established history (11+ yrs). Established history (19+ yrs). Point 3 Top rated. Rating: 4★ (top quartile). Rating: 4★ (upper mid). Rating: 4★ (upper mid). Rating: 3★ (upper mid). Rating: 3★ (lower mid). Rating: 3★ (lower mid). Rating: 3★ (bottom quartile). Rating: 3★ (bottom quartile). Rating: 2★ (bottom quartile). Point 4 Risk profile: Moderately Low. Risk profile: Moderate. 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: Moderately Low. Point 5 5Y return: 5.96% (lower mid). 5Y return: 5.96% (upper mid). 5Y return: 6.11% (top quartile). 5Y return: 5.84% (bottom quartile). 5Y return: 6.11% (upper mid). 5Y return: 5.97% (upper mid). 5Y return: 5.89% (bottom quartile). 5Y return: 5.91% (lower mid). 5Y return: 5.49% (bottom quartile). 5Y return: 6.13% (top quartile). Point 6 3Y return: 7.01% (lower mid). 3Y return: 7.05% (upper mid). 3Y return: 7.17% (top quartile). 3Y return: 6.88% (bottom quartile). 3Y return: 7.07% (upper mid). 3Y return: 7.11% (top quartile). 3Y return: 6.98% (bottom quartile). 3Y return: 7.03% (lower mid). 3Y return: 6.52% (bottom quartile). 3Y return: 7.10% (upper mid). Point 7 1Y return: 6.23% (bottom quartile). 1Y return: 6.44% (top quartile). 1Y return: 6.35% (lower mid). 1Y return: 6.17% (bottom quartile). 1Y return: 6.36% (upper mid). 1Y return: 6.46% (top quartile). 1Y return: 6.38% (upper mid). 1Y return: 6.32% (lower mid). 1Y return: 5.86% (bottom quartile). 1Y return: 6.44% (upper mid). Point 8 1M return: 0.51% (bottom quartile). 1M return: 0.58% (top quartile). 1M return: 0.54% (upper mid). 1M return: 0.53% (upper mid). 1M return: 0.52% (lower mid). 1M return: 0.53% (lower mid). 1M return: 0.53% (upper mid). 1M return: 0.54% (top quartile). 1M return: 0.46% (bottom quartile). 1M return: 0.50% (bottom quartile). Point 9 Alpha: -0.54 (bottom quartile). 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: 0.00 (lower mid). Alpha: 0.00 (bottom quartile). Alpha: 0.00 (bottom quartile). Point 10 Sharpe: 0.72 (bottom quartile). Sharpe: 1.17 (upper mid). Sharpe: 1.01 (lower mid). Sharpe: 0.58 (bottom quartile). Sharpe: 1.31 (top quartile). Sharpe: 1.31 (upper mid). Sharpe: 1.07 (upper mid). Sharpe: 0.87 (lower mid). Sharpe: 0.03 (bottom quartile). Sharpe: 1.37 (top quartile). Edelweiss Arbitrage Fund
ICICI Prudential Equity Arbitrage Fund
Kotak Equity Arbitrage Fund
Nippon India Arbitrage Fund
Invesco India Arbitrage Fund
UTI Arbitrage Fund
Aditya Birla Sun Life Arbitrage Fund
HDFC Arbitrage Fund
PGIM India Arbitrage Fund
SBI Arbitrage Opportunities Fund
Top 10 Performing Arbitrage Funds in FY 24 - 25
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. Below is the key information for Edelweiss 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 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 Research Highlights for Kotak Equity Arbitrage Fund Below is the key information for Kotak Equity Arbitrage Fund Returns up to 1 year are on (Erstwhile Reliance Arbitrage Advantage Fund) The investment objective of the scheme is to generate income by taking advantage of the arbitrage opportunities that potentially exists between cash and derivative market and within the derivative segment along with investments in debt securities & money market instruments. Research Highlights for Nippon India Arbitrage Fund Below is the key information for Nippon India 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 (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 (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 "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 To generate income by investing in arbitrage opportunities that potentially exist between the cash and derivatives market as well as within the derivatives segment of the market. Investments may also be made in debt & money market instruments. There can be no assurance or guarantee that the investment objective of the Scheme will be realized. Research Highlights for PGIM India Arbitrage Fund Below is the key information for PGIM India 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 1. Edelweiss Arbitrage Fund
Edelweiss Arbitrage Fund
Growth Launch Date 27 Jun 14 NAV (26 Feb 26) ₹20.1175 ↑ 0.00 (0.02 %) Net Assets (Cr) ₹15,619 on 31 Jan 26 Category Hybrid - Arbitrage AMC Edelweiss Asset Management Limited Rating ☆☆☆☆☆ Risk Moderately Low Expense Ratio 1.07 Sharpe Ratio 0.72 Information Ratio -1.85 Alpha Ratio -0.54 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 Jan 21 ₹10,000 31 Jan 22 ₹10,405 31 Jan 23 ₹10,861 31 Jan 24 ₹11,691 31 Jan 25 ₹12,564 31 Jan 26 ₹13,345 Returns for Edelweiss Arbitrage Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 26 Feb 26 Duration Returns 1 Month 0.5% 3 Month 1.5% 6 Month 2.9% 1 Year 6.2% 3 Year 7% 5 Year 6% 10 Year 15 Year Since launch 6.2% Historical performance (Yearly) on absolute basis
Year Returns 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 Fund Manager information for Edelweiss Arbitrage Fund
Name Since Tenure Bhavesh Jain 27 Jun 14 11.61 Yr. Rahul Dedhia 15 Jan 26 0.04 Yr. Amit Vora 6 Nov 24 1.24 Yr. Hetul Raval 22 Sep 25 0.36 Yr. Data below for Edelweiss Arbitrage Fund as on 31 Jan 26
Asset Allocation
Asset Class Value Cash 96.09% Debt 4.45% Other 0.03% Equity Sector Allocation
Sector Value Financial Services 23.8% Basic Materials 11.27% Industrials 7.19% Consumer Cyclical 6.16% Consumer Defensive 5.45% Energy 5.44% Communication Services 4.45% Health Care 3.99% Utility 3.19% Technology 1.34% Real Estate 1.3% Debt Sector Allocation
Sector Value Cash Equivalent 85.67% Corporate 12.34% Government 2.53% Credit Quality
Rating Value AAA 100% Top Securities Holdings / Portfolio
Name Holding Value Quantity Edelweiss Liquid Dir Gr
Investment Fund | -9% ₹1,347 Cr 3,820,585
↑ 525 Future on HDFC Bank Ltd
Derivatives | -5% -₹848 Cr 9,073,350
↑ 543,400 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Mar 21 | HDFCBANK5% ₹843 Cr 9,073,350
↑ 543,400 Edelweiss Money Market Dir Gr
Investment Fund | -3% ₹431 Cr 132,665,055 Future on ICICI Bank Ltd
Derivatives | -3% -₹415 Cr 3,045,700
↑ 779,800 ICICI Bank Ltd (Financial Services)
Equity, Since 30 Apr 20 | ICICIBANK3% ₹413 Cr 3,045,700
↑ 779,800 Future on Vodafone Idea Ltd
Derivatives | -3% -₹398 Cr 355,302,225
↓ -6,575,700 Vodafone Idea Ltd (Communication Services)
Equity, Since 31 May 20 | 5328223% ₹397 Cr 355,302,225
↓ -6,575,700 Future on Reliance Industries Ltd
Derivatives | -3% -₹395 Cr 2,820,500
↓ -388,000 Reliance Industries Ltd (Energy)
Equity, Since 30 Apr 18 | RELIANCE3% ₹394 Cr 2,820,500
↓ -388,000 2. ICICI Prudential Equity Arbitrage Fund
ICICI Prudential Equity Arbitrage Fund
Growth Launch Date 30 Dec 06 NAV (26 Feb 26) ₹35.6565 ↑ 0.00 (0.01 %) Net Assets (Cr) ₹32,976 on 31 Jan 26 Category Hybrid - Arbitrage AMC ICICI Prudential Asset Management Company Limited Rating ☆☆☆☆ Risk Moderate Expense Ratio 0.9 Sharpe Ratio 1.17 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 Jan 21 ₹10,000 31 Jan 22 ₹10,413 31 Jan 23 ₹10,849 31 Jan 24 ₹11,674 31 Jan 25 ₹12,539 31 Jan 26 ₹13,339 Returns for ICICI Prudential Equity Arbitrage Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 26 Feb 26 Duration Returns 1 Month 0.6% 3 Month 1.6% 6 Month 3% 1 Year 6.4% 3 Year 7% 5 Year 6% 10 Year 15 Year Since launch 6.9% Historical performance (Yearly) on absolute basis
Year Returns 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 Fund Manager information for ICICI Prudential Equity Arbitrage Fund
Name Since Tenure Nikhil Kabra 29 Dec 20 5.09 Yr. Sharmila D'Silva 31 Jul 22 3.51 Yr. Darshil Dedhia 13 Sep 24 1.38 Yr. Ajaykumar Solanki 23 Aug 24 1.44 Yr. Archana Nair 1 Feb 24 2 Yr. Data below for ICICI Prudential Equity Arbitrage Fund as on 31 Jan 26
Asset Allocation
Asset Class Value Cash 96.19% Debt 4.26% Other 0.04% Equity Sector Allocation
Sector Value Financial Services 22.71% Consumer Cyclical 8.67% Basic Materials 7.75% Communication Services 6.89% Industrials 6.36% Health Care 4.93% Energy 4.48% Consumer Defensive 4.22% Utility 3.67% Technology 2.15% Real Estate 1.57% Debt Sector Allocation
Sector Value Cash Equivalent 83.39% Corporate 13.18% Government 3.87% Credit Quality
Rating Value AAA 100% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Pru Money Market Dir Gr
Investment Fund | -15% ₹5,096 Cr 127,933,512 Hdfc Bank Ltd.
Derivatives | -5% -₹1,695 Cr 18,124,150
↑ 18,124,150 HDFC Bank Ltd (Financial Services)
Equity, Since 30 Nov 21 | HDFCBANK5% ₹1,684 Cr 18,124,150
↑ 1,203,950 Bharti Airtel Ltd.
Derivatives | -4% -₹1,211 Cr 6,130,825
↑ 6,130,825 Vodafone Idea Ltd.
Derivatives | -3% -₹889 Cr 793,158,075
↑ 793,158,075 Vodafone Idea Ltd (Communication Services)
Equity, Since 30 Sep 23 | 5328223% ₹886 Cr 793,158,075
↑ 138,375,600 Reliance Industries Ltd.
Derivatives | -2% -₹819 Cr 5,843,000
↑ 5,843,000 Reliance Industries Ltd (Energy)
Equity, Since 31 Aug 18 | RELIANCE2% ₹815 Cr 5,843,000
↑ 2,036,500 Axis Bank Ltd.
Derivatives | -2% -₹771 Cr 5,610,000
↑ 5,610,000 Axis Bank Ltd (Financial Services)
Equity, Since 31 Jul 23 | AXISBANK2% ₹769 Cr 5,610,000
↓ -1,936,250 3. Kotak Equity Arbitrage Fund
Kotak Equity Arbitrage Fund
Growth Launch Date 29 Sep 05 NAV (26 Feb 26) ₹38.9232 ↑ 0.00 (0.01 %) Net Assets (Cr) ₹71,931 on 31 Jan 26 Category Hybrid - Arbitrage AMC Kotak Mahindra Asset Management Co Ltd Rating ☆☆☆☆ Risk Moderately Low Expense Ratio 0.97 Sharpe Ratio 1.01 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 Jan 21 ₹10,000 31 Jan 22 ₹10,421 31 Jan 23 ₹10,887 31 Jan 24 ₹11,749 31 Jan 25 ₹12,643 31 Jan 26 ₹13,442 Returns for Kotak Equity Arbitrage Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 26 Feb 26 Duration Returns 1 Month 0.5% 3 Month 1.6% 6 Month 2.9% 1 Year 6.3% 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 2023 2022 2021 2020 2019 2018 2017 2016 2015 Fund Manager information for Kotak Equity Arbitrage Fund
Name Since Tenure Hiten Shah 3 Oct 19 6.34 Yr. Data below for Kotak Equity Arbitrage Fund as on 31 Jan 26
Asset Allocation
Asset Class Value Cash 95.37% Debt 4.97% Other 0.07% Equity Sector Allocation
Sector Value Financial Services 23.73% Basic Materials 8.39% Consumer Cyclical 7.34% Industrials 7.32% Health Care 4.96% Energy 4.64% Communication Services 4.54% Consumer Defensive 4.44% Utility 3.17% Technology 2.16% Real Estate 1.03% Debt Sector Allocation
Sector Value Cash Equivalent 85.97% Corporate 10.78% Government 3.6% Credit Quality
Rating Value AAA 100% Top Securities Holdings / Portfolio
Name Holding Value Quantity Kotak Money Market Dir Gr
Investment Fund | -11% ₹8,015 Cr 17,061,028
↓ -1,504,306 HDFC Bank Ltd (Financial Services)
Equity, Since 30 Apr 22 | HDFCBANK6% ₹4,121 Cr 44,348,700
↑ 14,104,750 Kotak Savings Fund Dir Gr
Investment Fund | -6% ₹3,992 Cr 858,004,118
↑ 312,259,513 Kotak Liquid Dir Gr
Investment Fund | -5% ₹3,806 Cr 6,908,634
↑ 6,908,634 HDFC Bank Ltd.-FEB2026
Derivatives | -5% -₹3,707 Cr 39,698,450
↑ 39,626,950 Reliance Industries Ltd (Energy)
Equity, Since 31 May 18 | RELIANCE3% ₹1,928 Cr 13,818,500
↑ 7,145,500 RELIANCE INDUSTRIES LTD.-FEB2026
Derivatives | -2% -₹1,795 Cr 12,826,000
↑ 12,741,000 ICICI Bank Ltd.-FEB2026
Derivatives | -2% -₹1,775 Cr 13,037,500
↑ 12,902,400 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Dec 19 | ICICIBANK2% ₹1,768 Cr 13,048,000
↓ -854,000 Bharti Airtel Ltd-FEB2026
Derivatives | -2% -₹1,467 Cr 7,429,475
↑ 7,429,000 4. Nippon India Arbitrage Fund
Nippon India Arbitrage Fund
Growth Launch Date 14 Oct 10 NAV (26 Feb 26) ₹27.5532 ↑ 0.01 (0.02 %) Net Assets (Cr) ₹16,390 on 31 Jan 26 Category Hybrid - Arbitrage AMC Nippon Life Asset Management Ltd. Rating ☆☆☆☆ Risk Moderately Low Expense Ratio 1.07 Sharpe Ratio 0.58 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 100 Exit Load 0-1 Months (0.25%),1 Months and above(NIL) Growth of 10,000 investment over the years.
Date Value 31 Jan 21 ₹10,000 31 Jan 22 ₹10,412 31 Jan 23 ₹10,843 31 Jan 24 ₹11,659 31 Jan 25 ₹12,502 31 Jan 26 ₹13,271 Returns for Nippon India Arbitrage Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 26 Feb 26 Duration Returns 1 Month 0.5% 3 Month 1.5% 6 Month 2.9% 1 Year 6.2% 3 Year 6.9% 5 Year 5.8% 10 Year 15 Year Since launch 6.8% Historical performance (Yearly) on absolute basis
Year Returns 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 Fund Manager information for Nippon India Arbitrage Fund
Name Since Tenure Vikash Agarwal 14 Sep 24 1.38 Yr. Nemish Sheth 21 Mar 25 0.87 Yr. Rohit Shah 8 Apr 24 1.82 Yr. Lokesh Maru 5 Sep 25 0.41 Yr. Divya Sharma 5 Sep 25 0.41 Yr. Data below for Nippon India Arbitrage Fund as on 31 Jan 26
Asset Allocation
Asset Class Value Cash 92.91% Debt 7.29% Other 0.05% Equity Sector Allocation
Sector Value Financial Services 24.93% Basic Materials 10.91% Consumer Cyclical 7.65% Industrials 6.85% Health Care 5.09% Communication Services 4.64% Consumer Defensive 4.47% Energy 3.71% Technology 2.93% Real Estate 2.17% Utility 1.49% Debt Sector Allocation
Sector Value Cash Equivalent 87.32% Corporate 11.49% Government 1.4% Credit Quality
Rating Value AA 70.59% AAA 29.41% Top Securities Holdings / Portfolio
Name Holding Value Quantity Nippon India Money Market Dir Gr
Investment Fund | -10% ₹1,705 Cr 3,912,646
↑ 229,857 Nippon India U/ST Duration Dir Gr
Investment Fund | -6% ₹972 Cr 2,108,547 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jan 23 | HDFCBANK6% ₹909 Cr 9,785,050
↑ 4,626,050 Hdfc Bank Limited_24/02/2026
Derivatives | -4% -₹693 Cr 7,426,100
↑ 7,179,150 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 24 | ICICIBANK4% ₹583 Cr 4,302,200
↑ 49,700 Reliance Industries Ltd (Energy)
Equity, Since 31 Dec 17 | RELIANCE3% ₹512 Cr 3,667,000
↑ 13,000 Axis Bank Limited_24/02/2026
Derivatives | -2% -₹407 Cr 2,963,125
↑ 2,963,125 Axis Bank Ltd (Financial Services)
Equity, Since 31 Jul 23 | AXISBANK2% ₹406 Cr 2,963,125
↑ 277,500 Icici Bank Limited_24/02/2026
Derivatives | -2% -₹382 Cr 2,803,500
↑ 2,803,500 Bharti Airtel Limited_24/02/2026
Derivatives | -2% -₹365 Cr 1,849,175
↑ 1,849,175 5. Invesco India Arbitrage Fund
Invesco India Arbitrage Fund
Growth Launch Date 30 Apr 07 NAV (26 Feb 26) ₹33.1619 ↑ 0.00 (0.00 %) Net Assets (Cr) ₹28,593 on 31 Jan 26 Category Hybrid - Arbitrage AMC Invesco Asset Management (India) Private Ltd Rating ☆☆☆ Risk Moderately Low Expense Ratio 1.06 Sharpe Ratio 1.31 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 Jan 21 ₹10,000 31 Jan 22 ₹10,385 31 Jan 23 ₹10,914 31 Jan 24 ₹11,762 31 Jan 25 ₹12,635 31 Jan 26 ₹13,442 Returns for Invesco India Arbitrage Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 26 Feb 26 Duration Returns 1 Month 0.5% 3 Month 1.6% 6 Month 3% 1 Year 6.4% 3 Year 7.1% 5 Year 6.1% 10 Year 15 Year Since launch 6.6% Historical performance (Yearly) on absolute basis
Year Returns 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 Fund Manager information for Invesco India Arbitrage Fund
Name Since Tenure Deepak Gupta 11 Nov 21 4.22 Yr. Kuber Mannadi 1 Sep 22 3.42 Yr. Data below for Invesco India Arbitrage Fund as on 31 Jan 26
Asset Allocation
Asset Class Value Cash 98.48% Debt 1.99% Equity Sector Allocation
Sector Value Financial Services 26.63% Industrials 8.87% Health Care 7.27% Consumer Cyclical 7.15% Basic Materials 6.63% Energy 4.98% Communication Services 4.63% Utility 3.03% Technology 2.94% Consumer Defensive 2.92% Real Estate 2.28% Debt Sector Allocation
Sector Value Cash Equivalent 93.23% Corporate 5.86% Government 1.4% Credit Quality
Rating Value AA 16.5% AAA 83.5% Top Securities Holdings / Portfolio
Name Holding Value Quantity Future on BANK Index
- | -14% -₹3,997 Cr 76,633,025
↓ -16,988,525 Invesco India Liquid Dir Gr
Investment Fund | -9% ₹2,476 Cr 6,615,799
↑ 1,339,630 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jan 23 | HDFCBANK5% ₹1,555 Cr 16,738,150
↑ 4,480,850 Invesco India Money Market Dir Gr
Investment Fund | -5% ₹1,336 Cr 4,091,423 Future on Reliance Industries Ltd
Derivatives | -4% -₹1,243 Cr 8,882,000
↑ 5,285,000 Reliance Industries Ltd (Energy)
Equity, Since 31 Dec 22 | RELIANCE4% ₹1,239 Cr 8,882,000
↑ 5,285,000 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 24 | ICICIBANK4% ₹1,049 Cr 7,742,700
↓ -1,258,600 Eternal Limited February 2026 Future
Derivatives | -3% -₹797 Cr 29,051,500
↑ 27,967,525 Eternal Ltd (Consumer Cyclical)
Equity, Since 31 May 25 | 5433203% ₹795 Cr 29,051,500
↑ 1,214,925 Future on Vodafone Idea Ltd
Derivatives | -2% -₹659 Cr 587,667,450
↓ -9,792,075 6. UTI Arbitrage Fund
UTI Arbitrage Fund
Growth Launch Date 22 Jun 06 NAV (26 Feb 26) ₹36.4202 ↓ 0.00 (0.00 %) Net Assets (Cr) ₹10,957 on 31 Jan 26 Category Hybrid - Arbitrage AMC UTI Asset Management Company Ltd Rating ☆☆☆ Risk Moderately Low Expense Ratio 0.78 Sharpe Ratio 1.31 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 Jan 21 ₹10,000 31 Jan 22 ₹10,412 31 Jan 23 ₹10,835 31 Jan 24 ₹11,661 31 Jan 25 ₹12,538 31 Jan 26 ₹13,346 Returns for UTI Arbitrage Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 26 Feb 26 Duration Returns 1 Month 0.5% 3 Month 1.6% 6 Month 3% 1 Year 6.5% 3 Year 7.1% 5 Year 6% 10 Year 15 Year Since launch 6.8% Historical performance (Yearly) on absolute basis
Year Returns 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 Fund Manager information for UTI Arbitrage Fund
Name Since Tenure Amit Sharma 2 Jul 18 7.59 Yr. Sharwan Kumar Goyal 1 Jan 21 5.09 Yr. Data below for UTI Arbitrage Fund as on 31 Jan 26
Asset Allocation
Asset Class Value Cash 90.83% Debt 9.36% Other 0.05% Equity Sector Allocation
Sector Value Financial Services 24.92% Consumer Cyclical 9.59% Basic Materials 8.51% Industrials 6.36% Consumer Defensive 4.62% Health Care 4.35% Communication Services 3.69% Energy 3.37% Real Estate 2.26% Technology 1.99% Utility 1.09% Debt Sector Allocation
Sector Value Cash Equivalent 83.53% Corporate 14.11% Government 2.55% Credit Quality
Rating Value AA 1.63% AAA 98.37% Top Securities Holdings / Portfolio
Name Holding Value Quantity UTI Money Market Dir Gr
Investment Fund | -12% ₹1,360 Cr 4,201,929 UTI Liquid Dir Gr
Investment Fund | -5% ₹541 Cr 1,210,063
↑ 920,234 HDFC Bank Ltd (Financial Services)
Equity, Since 30 Apr 22 | HDFCBANK4% ₹478 Cr 5,140,850
↑ 242,550 ICICI Bank Ltd (Financial Services)
Equity, Since 30 Sep 24 | ICICIBANK4% ₹447 Cr 3,301,200
↓ -434,000 HDFC BANK LTD.-24-Feb-2026
Derivatives | -4% -₹426 Cr 4,558,950
↑ 4,558,950 ETERNAL LIMITED-24-Feb-2026
Derivatives | -3% -₹351 Cr 12,789,450
↑ 12,789,450 Eternal Ltd (Consumer Cyclical)
Equity, Since 31 May 25 | 5433203% ₹350 Cr 12,789,450
↑ 1,256,150 Reliance Industries Ltd (Energy)
Equity, Since 31 Aug 23 | RELIANCE3% ₹341 Cr 2,441,500
↑ 207,000 ICICI BANK LTD-24-Feb-2026
Derivatives | -3% -₹316 Cr 2,319,100
↑ 2,319,100 RELIANCE INDUSTRIES LTD.-24-Feb-2026
Derivatives | -3% -₹302 Cr 2,160,500
↑ 2,160,500 7. Aditya Birla Sun Life Arbitrage Fund
Aditya Birla Sun Life Arbitrage Fund
Growth Launch Date 24 Jul 09 NAV (26 Feb 26) ₹27.5861 ↑ 0.00 (0.01 %) Net Assets (Cr) ₹26,736 on 31 Jan 26 Category Hybrid - Arbitrage AMC Birla Sun Life Asset Management Co Ltd Rating ☆☆☆ Risk Moderate Expense Ratio 1.01 Sharpe Ratio 1.07 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 Jan 21 ₹10,000 31 Jan 22 ₹10,408 31 Jan 23 ₹10,836 31 Jan 24 ₹11,655 31 Jan 25 ₹12,507 31 Jan 26 ₹13,302 Returns for Aditya Birla Sun Life Arbitrage Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 26 Feb 26 Duration Returns 1 Month 0.5% 3 Month 1.5% 6 Month 2.9% 1 Year 6.4% 3 Year 7% 5 Year 5.9% 10 Year 15 Year Since launch 6.3% Historical performance (Yearly) on absolute basis
Year Returns 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 Fund Manager information for Aditya Birla Sun Life Arbitrage Fund
Name Since Tenure Lovelish Solanki 15 Dec 14 11.14 Yr. Mohit Sharma 3 Mar 25 0.92 Yr. Krina Mehta 2 Oct 25 0.33 Yr. Data below for Aditya Birla Sun Life Arbitrage Fund as on 31 Jan 26
Asset Allocation
Asset Class Value Cash 94.39% Debt 5.93% Other 0.04% Equity Sector Allocation
Sector Value Financial Services 26.01% Consumer Cyclical 8.53% Basic Materials 8.39% Industrials 6.47% Energy 5.47% Communication Services 4.2% Consumer Defensive 3.88% Health Care 3.57% Technology 2.35% Utility 2.34% Real Estate 1.34% Debt Sector Allocation
Sector Value Cash Equivalent 83.62% Corporate 11.56% Government 5.14% Credit Quality
Rating Value AA 14.16% AAA 85.84% Top Securities Holdings / Portfolio
Name Holding Value Quantity Aditya BSL Money Mgr Dir Gr
Investment Fund | -10% ₹2,618 Cr 67,406,765 Reliance Industries Ltd (Energy)
Equity, Since 30 Jun 18 | RELIANCE4% ₹1,056 Cr 7,565,500 Aditya BSL FRF Dir Gr
Investment Fund | -4% ₹1,042 Cr 28,135,768 Future on HDFC Bank Ltd
Derivatives | -4% -₹1,027 Cr 10,689,700
↑ 184,700 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Dec 21 | HDFCBANK4% ₹977 Cr 10,516,000
↑ 11,000 Reliance_(24/02/2026)
Derivatives | -4% -₹974 Cr 6,962,000
↑ 6,935,000 Future on ICICI Bank Ltd
Derivatives | -3% -₹867 Cr 6,346,425
↑ 100,325 ICICI Bank Ltd (Financial Services)
Equity, Since 31 May 24 | ICICIBANK3% ₹857 Cr 6,326,600
↑ 80,500 Future on Axis Bank Ltd
Derivatives | -3% -₹794 Cr 5,780,000
↑ 101,875 Axis Bank Ltd (Financial Services)
Equity, Since 30 Sep 23 | AXISBANK3% ₹792 Cr 5,780,000
↑ 101,875 8. HDFC Arbitrage Fund
HDFC Arbitrage Fund
Growth Launch Date 23 Oct 07 NAV (26 Feb 26) ₹31.825 ↑ 0.00 (0.01 %) Net Assets (Cr) ₹24,503 on 31 Jan 26 Category Hybrid - Arbitrage AMC HDFC Asset Management Company Limited Rating ☆☆☆ Risk Moderately Low Expense Ratio 0.97 Sharpe Ratio 0.87 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 Jan 21 ₹10,000 31 Jan 22 ₹10,385 31 Jan 23 ₹10,825 31 Jan 24 ₹11,654 31 Jan 25 ₹12,522 31 Jan 26 ₹13,307 Returns for HDFC Arbitrage Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 26 Feb 26 Duration Returns 1 Month 0.5% 3 Month 1.5% 6 Month 3% 1 Year 6.3% 3 Year 7% 5 Year 5.9% 10 Year 15 Year Since launch 6.5% Historical performance (Yearly) on absolute basis
Year Returns 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 Fund Manager information for HDFC Arbitrage Fund
Name Since Tenure Anil Bamboli 1 Feb 22 4 Yr. Arun Agarwal 24 Aug 20 5.44 Yr. Dhruv Muchhal 22 Jun 23 2.61 Yr. Nandita Menezes 29 Mar 25 0.84 Yr. Data below for HDFC Arbitrage Fund as on 31 Jan 26
Asset Allocation
Asset Class Value Cash 95.32% Debt 4.88% Other 0.05% Equity Sector Allocation
Sector Value Financial Services 25.18% Basic Materials 10.29% Consumer Cyclical 8.74% Industrials 6.7% Energy 4.67% Communication Services 4.44% Consumer Defensive 4.22% Technology 3.15% Health Care 2.33% Utility 1.57% Real Estate 1.43% Debt Sector Allocation
Sector Value Cash Equivalent 85.79% Corporate 10.96% Government 3.45% Credit Quality
Rating Value AAA 100% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Money Market Dir Gr
Investment Fund | -8% ₹2,051 Cr 3,392,377
↓ -638,989 Hdfc Bank Ltd.
Derivatives | SHORT5% -₹1,259 Cr 13,465,650
↑ 118,800 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jan 23 | HDFCBANK5% ₹1,251 Cr 13,465,650
↑ 118,800 Icici Bank Ltd.
Derivatives | SHORT5% -₹1,171 Cr 8,595,300
↓ -1,682,800 ICICI Bank Ltd (Financial Services)
Equity, Since 30 Jun 24 | ICICIBANK5% ₹1,165 Cr 8,595,300
↓ -1,682,800 Reliance Industries Ltd.
Derivatives | SHORT4% -₹1,090 Cr 7,784,500
↑ 1,093,000 Reliance Industries Ltd (Energy)
Equity, Since 31 Oct 21 | RELIANCE4% ₹1,086 Cr 7,784,500
↑ 1,093,000 HDFC Liquid Dir Gr
Investment Fund | -4% ₹1,013 Cr 1,891,412
↓ -297,684 Bharti Airtel Ltd.
Derivatives | SHORT3% -₹705 Cr 3,571,050
↑ 742,900 Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Oct 23 | BHARTIARTL3% ₹703 Cr 3,571,050
↑ 742,900 9. PGIM India Arbitrage Fund
PGIM India Arbitrage Fund
Growth Launch Date 27 Aug 14 NAV (26 Feb 26) ₹19.0004 ↓ -0.01 (-0.03 %) Net Assets (Cr) ₹90 on 31 Jan 26 Category Hybrid - Arbitrage AMC Pramerica Asset Managers Private Limited Rating ☆☆☆ Risk Moderately Low Expense Ratio 1.08 Sharpe Ratio 0.03 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 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 Jan 21 ₹10,000 31 Jan 22 ₹10,379 31 Jan 23 ₹10,777 31 Jan 24 ₹11,543 31 Jan 25 ₹12,327 31 Jan 26 ₹13,061 Returns for PGIM India Arbitrage Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 26 Feb 26 Duration Returns 1 Month 0.5% 3 Month 1.4% 6 Month 2.8% 1 Year 5.9% 3 Year 6.5% 5 Year 5.5% 10 Year 15 Year Since launch 5.7% Historical performance (Yearly) on absolute basis
Year Returns 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 Fund Manager information for PGIM India Arbitrage Fund
Name Since Tenure Puneet Pal 22 Apr 22 3.78 Yr. Chetan Chavan 29 Mar 24 1.84 Yr. Data below for PGIM India Arbitrage Fund as on 31 Jan 26
Asset Allocation
Asset Class Value Cash 75.06% Debt 2.51% Other 22.66% Equity Sector Allocation
Sector Value Financial Services 22.52% Industrials 15.23% Energy 8.49% Consumer Cyclical 7.6% Communication Services 6.77% Basic Materials 5.5% Real Estate 3.45% Health Care 1.63% Technology 0.85% Debt Sector Allocation
Sector Value Cash Equivalent 75.06% Government 2.51% Credit Quality
Rating Value AAA 100% Top Securities Holdings / Portfolio
Name Holding Value Quantity Pgim India Liquid Fund
- | -23% ₹20 Cr 570,653
↑ 570,653 Future on Larsen & Toubro Ltd
Derivatives | -9% -₹8 Cr 20,825 Larsen & Toubro Ltd (Industrials)
Equity, Since 30 Apr 25 | LT9% ₹8 Cr 20,825 Future on HDFC Bank Ltd
Derivatives | -9% -₹8 Cr 85,250 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jan 25 | HDFCBANK9% ₹8 Cr 85,250 Future on Reliance Industries Ltd
Derivatives | -9% -₹8 Cr 54,500 Reliance Industries Ltd (Energy)
Equity, Since 31 Aug 23 | RELIANCE8% ₹8 Cr 54,500 Future on Titan Co Ltd
Derivatives | -7% -₹6 Cr 14,700 Titan Co Ltd (Consumer Cyclical)
Equity, Since 31 Aug 24 | TITAN7% ₹6 Cr 14,700 Future on SRF Ltd
Derivatives | -6% -₹5 Cr 19,400 10. SBI Arbitrage Opportunities Fund
SBI Arbitrage Opportunities Fund
Growth Launch Date 3 Nov 06 NAV (26 Feb 26) ₹35.1267 ↑ 0.00 (0.00 %) Net Assets (Cr) ₹43,574 on 31 Jan 26 Category Hybrid - Arbitrage AMC SBI Funds Management Private Limited Rating ☆☆ Risk Moderately Low Expense Ratio 0.95 Sharpe Ratio 1.37 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 Jan 21 ₹10,000 31 Jan 22 ₹10,428 31 Jan 23 ₹10,912 31 Jan 24 ₹11,768 31 Jan 25 ₹12,635 31 Jan 26 ₹13,447 Returns for SBI Arbitrage Opportunities Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 26 Feb 26 Duration Returns 1 Month 0.5% 3 Month 1.5% 6 Month 2.9% 1 Year 6.4% 3 Year 7.1% 5 Year 6.1% 10 Year 15 Year Since launch 6.7% Historical performance (Yearly) on absolute basis
Year Returns 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 Fund Manager information for SBI Arbitrage Opportunities Fund
Name Since Tenure Neeraj Kumar 5 Oct 12 13.33 Yr. Ardhendu Bhattacharya 27 Dec 24 1.1 Yr. Data below for SBI Arbitrage Opportunities Fund as on 31 Jan 26
Asset Allocation
Asset Class Value Cash 94.95% Debt 5.65% Other 0.05% Equity Sector Allocation
Sector Value Financial Services 25.12% Basic Materials 8.45% Industrials 7.72% Consumer Cyclical 6.46% Energy 4.99% Health Care 4.38% Consumer Defensive 4.27% Communication Services 4.23% Technology 4.18% Utility 2.28% Real Estate 1.63% Debt Sector Allocation
Sector Value Cash Equivalent 88.96% Corporate 10.06% Government 1.53% Credit Quality
Rating Value AA 2.29% AAA 97.71% Top Securities Holdings / Portfolio
Name Holding Value Quantity SBI Savings Dir Gr
Investment Fund | -8% ₹3,351 Cr 726,722,883 HDFC Bank Ltd (Financial Services)
Equity, Since 30 Apr 22 | HDFCBANK6% ₹2,417 Cr 26,005,100
↑ 865,700 SBI Liquid Dir Gr
Investment Fund | -6% ₹2,412 Cr 5,656,783
↑ 1,799,689 Hdfc Bank Ltd. 24-Feb-26
Derivatives | -4% -₹1,907 Cr 20,416,550
↑ 20,408,300 ICICI Bank Ltd (Financial Services)
Equity, Since 30 Jun 21 | ICICIBANK4% ₹1,820 Cr 13,433,000
↓ -1,500,800 Icici Bank Ltd. 24-Feb-26
Derivatives | -3% -₹1,326 Cr 9,740,500
↑ 9,740,500 SBI Low Duration Dir Gr
Investment Fund | -3% ₹1,093 Cr 2,904,125 Axis Bank Ltd (Financial Services)
Equity, Since 31 Jul 18 | AXISBANK2% ₹996 Cr 7,270,000
↑ 2,738,125 Reliance Industries Ltd (Energy)
Equity, Since 30 Nov 21 | RELIANCE2% ₹919 Cr 6,583,000
↑ 1,429,000 Bharti Airtel Ltd. 24-Feb-26
Derivatives | -2% -₹899 Cr 4,552,875
↑ 3,838,950
All efforts have been made to ensure the information provided here is accurate. However, no guarantees are made regarding correctness of data. Please verify with scheme information document before making any investment.
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Research Highlights for Edelweiss Arbitrage Fund