आर्बिट्रेज रणनीति विभिन्न बाजारों में मूल्य अंतर का लाभ उठाती है और पैसा कमाती है। इन योजनाओं के कारण कीमतों में अंतर का लाभ उठाकर रिटर्न मिलता हैमंडी विभिन्न बाजारों में अक्षमता। इन फंडों की रिटर्न उत्पन्न करने की क्षमता बाजार में निवेशित परिसंपत्ति की अस्थिरता पर निर्भर करती है। आर्बिट्राज फंड के कुछ फायदों में कम जोखिम, रिटर्न और अनुकूल कराधान शामिल हैं। एक का हिस्सा होने के नातेइक्विटी फंड, यदि निवेश एक वर्ष से अधिक के लिए आयोजित किया जाता है, तो यह लंबी अवधि को आकर्षित करता हैपूंजी लाभ जिस पर कोई टैक्स नहीं है। साल 2021 में आर्बिट्राज फंड्स का प्रदर्शन निशाने पर रहा। कई योजनाओं ने 2021 में सकारात्मक रिटर्न दिया है। तो, आइए 2021 के शीर्ष और सर्वश्रेष्ठ प्रदर्शन करने वाले आर्बिट्राज फंडों पर एक नजर डालते हैं।आधार प्रदर्शन का यानी रिटर्न।
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Fund NAV Net Assets (Cr) 2025 (%) 2024 (%) 2023 (%) 2022 (%) 2021 (%) UTI Arbitrage Fund Growth ₹37.7738
↓ -0.02 ₹10,900 6.5 7.7 7.2 4 3.9 SBI Arbitrage Opportunities Fund Growth ₹36.4462
↓ -0.03 ₹46,309 6.5 7.5 7.4 4.6 4 Invesco India Arbitrage Fund Growth ₹34.4344
↓ -0.03 ₹30,396 6.5 7.6 7.4 5.1 3.5 ICICI Prudential Equity Arbitrage Fund Growth ₹36.979
↓ -0.03 ₹35,576 6.5 7.6 7.1 4.2 3.9 Aditya Birla Sun Life Arbitrage Fund Growth ₹28.6059
↓ -0.02 ₹26,933 6.4 7.5 7.1 4.1 3.8 Kotak Equity Arbitrage Fund Growth ₹40.406
↓ -0.03 ₹75,275 6.4 7.8 7.4 4.5 4 Edelweiss Arbitrage Fund Growth ₹20.8628
↓ -0.02 ₹14,250 6.3 7.7 7.1 4.4 3.8 HDFC Arbitrage Fund Growth ₹33.03
↓ -0.02 ₹25,407 6.3 7.7 7.2 4.2 3.6 Axis Arbitrage Fund Growth ₹20.1193
↓ -0.02 ₹10,168 6.3 7.6 6.9 4.2 3.8 Bandhan Arbitrage Fund Growth ₹34.8288
↓ -0.02 ₹7,745 6.2 7.5 7.1 4.1 3.5 Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 29 Oct 26 Research Highlights & Commentary of 10 Funds showcased
Commentary UTI Arbitrage Fund SBI Arbitrage Opportunities Fund Invesco India Arbitrage Fund ICICI Prudential Equity Arbitrage Fund Aditya Birla Sun Life Arbitrage Fund Kotak Equity Arbitrage Fund Edelweiss Arbitrage Fund HDFC Arbitrage Fund Axis Arbitrage Fund Bandhan Arbitrage Fund Point 1 Bottom quartile AUM (₹10,900 Cr). Top quartile AUM (₹46,309 Cr). Upper mid AUM (₹30,396 Cr). Upper mid AUM (₹35,576 Cr). Upper mid AUM (₹26,933 Cr). Highest AUM (₹75,275 Cr). Lower mid AUM (₹14,250 Cr). Lower mid AUM (₹25,407 Cr). Bottom quartile AUM (₹10,168 Cr). Bottom quartile AUM (₹7,745 Cr). Point 2 Established history (20+ yrs). Established history (20+ yrs). Established history (19+ yrs). Established history (19+ yrs). Established history (17+ yrs). Oldest track record among peers (21 yrs). Established history (12+ yrs). Established history (19+ yrs). Established history (12+ yrs). Established history (19+ yrs). Point 3 Rating: 3★ (upper mid). Rating: 2★ (bottom quartile). Rating: 3★ (upper mid). Rating: 4★ (top quartile). Rating: 3★ (lower mid). Rating: 4★ (upper 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: Moderate. Risk profile: Moderate. Risk profile: Moderately Low. Risk profile: Moderately Low. Risk profile: Moderately Low. Risk profile: Moderate. Risk profile: Moderately Low. Point 5 5Y return: 6.13% (lower mid). 5Y return: 6.26% (upper mid). 5Y return: 6.39% (top quartile). 5Y return: 6.14% (upper mid). 5Y return: 6.06% (bottom quartile). 5Y return: 6.31% (top quartile). 5Y return: 6.15% (upper mid). 5Y return: 6.13% (lower mid). 5Y return: 6.07% (bottom quartile). 5Y return: 5.99% (bottom quartile). Point 6 3Y return: 6.70% (top quartile). 3Y return: 6.64% (upper mid). 3Y return: 6.68% (upper mid). 3Y return: 6.63% (lower mid). 3Y return: 6.58% (bottom quartile). 3Y return: 6.73% (top quartile). 3Y return: 6.59% (lower mid). 3Y return: 6.65% (upper mid). 3Y return: 6.55% (bottom quartile). 3Y return: 6.44% (bottom quartile). Point 7 1Y return: 5.92% (lower mid). 1Y return: 5.93% (upper mid). 1Y return: 6.05% (top quartile). 1Y return: 5.96% (upper mid). 1Y return: 5.86% (lower mid). 1Y return: 6.00% (top quartile). 1Y return: 5.84% (bottom quartile). 1Y return: 5.97% (upper mid). 1Y return: 5.83% (bottom quartile). 1Y return: 5.60% (bottom quartile). Point 8 1M return: 0.58% (lower mid). 1M return: 0.62% (upper mid). 1M return: 0.75% (top quartile). 1M return: 0.56% (bottom quartile). 1M return: 0.59% (upper mid). 1M return: 0.65% (top quartile). 1M return: 0.51% (bottom quartile). 1M return: 0.58% (lower mid). 1M return: 0.55% (bottom quartile). 1M return: 0.58% (upper mid). 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: -0.74 (bottom quartile). Alpha: 0.00 (lower mid). Alpha: 0.00 (bottom quartile). Alpha: 0.00 (bottom quartile). Point 10 Sharpe: 0.71 (lower mid). Sharpe: 0.73 (upper mid). Sharpe: 0.85 (top quartile). Sharpe: 0.76 (upper mid). Sharpe: 0.69 (lower mid). Sharpe: 0.77 (top quartile). Sharpe: 0.63 (bottom quartile). Sharpe: 0.72 (upper mid). Sharpe: 0.61 (bottom quartile). Sharpe: 0.27 (bottom quartile). UTI Arbitrage Fund
SBI Arbitrage Opportunities Fund
Invesco India Arbitrage Fund
ICICI Prudential Equity Arbitrage Fund
Aditya Birla Sun Life Arbitrage Fund
Kotak Equity Arbitrage Fund
Edelweiss Arbitrage Fund
HDFC Arbitrage Fund
Axis Arbitrage Fund
Bandhan Arbitrage Fund
(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. Below is the key information for UTI 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 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 (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 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 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 "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 (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. UTI Arbitrage Fund
UTI Arbitrage Fund
Growth Launch Date 22 Jun 06 NAV (29 Oct 26) ₹37.7738 ↓ -0.02 (-0.04 %) Net Assets (Cr) ₹10,900 on 30 Sep 26 Category Hybrid - Arbitrage AMC UTI Asset Management Company Ltd Rating ☆☆☆ Risk Moderately Low Expense Ratio 0.78 Sharpe Ratio 0.71 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 30 Sep 21 ₹10,000 30 Sep 22 ₹10,348 30 Sep 23 ₹11,062 30 Sep 24 ₹11,894 30 Sep 25 ₹12,694 30 Sep 26 ₹13,465 Returns for UTI Arbitrage Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 29 Oct 26 Duration Returns 1 Month 0.6% 3 Month 1.3% 6 Month 2.7% 1 Year 5.9% 3 Year 6.7% 5 Year 6.1% 10 Year 15 Year Since launch 6.7% Historical performance (Yearly) on absolute basis
Year Returns 2025 6.5% 2024 7.7% 2023 7.2% 2022 4% 2021 3.9% 2020 4.4% 2019 6.2% 2018 6.2% 2017 5.7% 2016 6.5% Fund Manager information for UTI Arbitrage Fund
Name Since Tenure Amit Sharma 2 Jul 18 8.25 Yr. Sharwan Goyal 1 Jan 21 5.75 Yr. Monish Lotia 1 Sep 26 0.08 Yr. Data below for UTI Arbitrage Fund as on 30 Sep 26
Asset Allocation
Asset Class Value Cash 94.06% Debt 6.19% Other 0.09% Equity Sector Allocation
Sector Value Communication Services 1.54% Consumer Defensive 1.3% Financial Services 0.83% Basic Materials 0.72% Health Care 0.44% Consumer Cyclical 0.36% Utility 0.31% Energy 0.16% Industrials 0.08% Debt Sector Allocation
Sector Value Cash Equivalent 74.66% Corporate 20.68% Government 4.91% Credit Quality
Rating Value AAA 100% Top Securities Holdings / Portfolio
Name Holding Value Quantity UTI Money Market Dir Gr
Investment Fund | -20% ₹2,134 Cr 6,305,789
↑ 739,883 Future on HDFC Bank Ltd
Derivatives | -5% -₹552 Cr 7,713,550
↑ 7,713,550 HDFC Bank Ltd (Financial Services)
Equity, Since 30 Apr 22 | HDFCBANK5% ₹547 Cr 7,713,550
↑ 483,600 Future on Reliance Industries Ltd
Derivatives | -5% -₹523 Cr 4,389,500
↑ 4,389,500 Reliance Industries Ltd (Energy)
Equity, Since 31 Aug 23 | RELIANCE5% ₹521 Cr 4,389,500
↑ 1,309,000 Future on ICICI Bank Ltd
Derivatives | -4% -₹481 Cr 3,618,300
↑ 3,618,300 ICICI Bank Ltd (Financial Services)
Equity, Since 30 Sep 24 | ICICIBANK4% ₹478 Cr 3,618,300
↑ 1,290,100 Future on State Bank of India
Derivatives | -3% -₹357 Cr 3,692,250
↑ 3,692,250 State Bank of India (Financial Services)
Equity, Since 31 May 23 | SBIN3% ₹354 Cr 3,692,250
↑ 81,000 UTI Floating Intst Rts Dir Gr
Investment Fund | -2% ₹252 Cr 1,492,702
↑ 594,689 2. SBI Arbitrage Opportunities Fund
SBI Arbitrage Opportunities Fund
Growth Launch Date 3 Nov 06 NAV (29 Oct 26) ₹36.4462 ↓ -0.03 (-0.08 %) Net Assets (Cr) ₹46,309 on 30 Sep 26 Category Hybrid - Arbitrage AMC SBI Funds Management Private Limited Rating ☆☆ Risk Moderately Low Expense Ratio 0.91 Sharpe Ratio 0.73 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 30 Sep 21 ₹10,000 30 Sep 22 ₹10,421 30 Sep 23 ₹11,185 30 Sep 24 ₹12,009 30 Sep 25 ₹12,817 30 Sep 26 ₹13,592 Returns for SBI Arbitrage Opportunities Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 29 Oct 26 Duration Returns 1 Month 0.6% 3 Month 1.3% 6 Month 2.7% 1 Year 5.9% 3 Year 6.6% 5 Year 6.3% 10 Year 15 Year Since launch 6.7% Historical performance (Yearly) on absolute basis
Year Returns 2025 6.5% 2024 7.5% 2023 7.4% 2022 4.6% 2021 4% 2020 3.5% 2019 6% 2018 6.2% 2017 5.3% 2016 6.4% Fund Manager information for SBI Arbitrage Opportunities Fund
Name Since Tenure Neeraj Kumar 5 Oct 12 14 Yr. Ardhendu Bhattacharya 27 Dec 24 1.76 Yr. Data below for SBI Arbitrage Opportunities Fund as on 30 Sep 26
Asset Allocation
Asset Class Value Cash 99.17% Equity 0.12% Debt 0.66% Other 0.04% Equity Sector Allocation
Sector Value Basic Materials 1.57% Consumer Defensive 0.91% Consumer Cyclical 0.67% Communication Services 0.59% Energy 0.53% Financial Services 0.33% Real Estate 0.09% Debt Sector Allocation
Sector Value Cash Equivalent 91.89% Corporate 5.85% Government 2.1% Credit Quality
Rating Value AAA 100% Top Securities Holdings / Portfolio
Name Holding Value Quantity SBI Liquid Dir Gr
Investment Fund | -7% ₹3,357 Cr 7,538,173
↑ 1,691,823 SBI Money Market Dir Gr
Investment Fund | -7% ₹3,271 Cr 679,406,835
↓ -344,800,000 Future on Reliance Industries Ltd
Derivatives | -6% -₹2,597 Cr 21,771,000
↑ 5,833,500 Reliance Industries Ltd (Energy)
Equity, Since 30 Nov 21 | RELIANCE6% ₹2,584 Cr 21,771,000
↑ 5,833,500 Future on HDFC Bank Ltd
Derivatives | -5% -₹2,299 Cr 32,117,150
↓ -2,148,900 HDFC Bank Ltd (Financial Services)
Equity, Since 30 Apr 22 | HDFCBANK5% ₹2,276 Cr 32,117,150
↓ -2,148,900 Future on State Bank of India
Derivatives | -4% -₹1,720 Cr 17,772,000
↑ 1,050,000 State Bank of India (Financial Services)
Equity, Since 31 May 23 | SBIN4% ₹1,705 Cr 17,772,000
↑ 1,050,000 Future on ICICI Bank Ltd
Derivatives | -3% -₹1,284 Cr 9,648,100
↑ 1,636,600 ICICI Bank Ltd (Financial Services)
Equity, Since 30 Jun 21 | ICICIBANK3% ₹1,275 Cr 9,648,100
↑ 1,636,600 3. Invesco India Arbitrage Fund
Invesco India Arbitrage Fund
Growth Launch Date 30 Apr 07 NAV (29 Oct 26) ₹34.4344 ↓ -0.03 (-0.08 %) Net Assets (Cr) ₹30,396 on 30 Sep 26 Category Hybrid - Arbitrage AMC Invesco Asset Management (India) Private Ltd Rating ☆☆☆ Risk Moderately Low Expense Ratio 1.03 Sharpe Ratio 0.85 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 30 Sep 21 ₹10,000 30 Sep 22 ₹10,427 30 Sep 23 ₹11,187 30 Sep 24 ₹12,023 30 Sep 25 ₹12,816 30 Sep 26 ₹13,602 Returns for Invesco India Arbitrage Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 29 Oct 26 Duration Returns 1 Month 0.7% 3 Month 1.3% 6 Month 2.8% 1 Year 6.1% 3 Year 6.7% 5 Year 6.4% 10 Year 15 Year Since launch 6.5% Historical performance (Yearly) on absolute basis
Year Returns 2025 6.5% 2024 7.6% 2023 7.4% 2022 5.1% 2021 3.5% 2020 4.3% 2019 5.9% 2018 5.9% 2017 5.5% 2016 6.5% Fund Manager information for Invesco India Arbitrage Fund
Name Since Tenure Deepak Gupta 11 Nov 21 4.89 Yr. Pradeep Sukte 25 Jun 26 0.27 Yr. Data below for Invesco India Arbitrage Fund as on 30 Sep 26
Asset Allocation
Asset Class Value Cash 99% Equity 0.03% Debt 1.38% Equity Sector Allocation
Sector Value Financial Services 2.44% Consumer Cyclical 0.78% Communication Services 0.74% Utility 0.5% Basic Materials 0.41% Real Estate 0.13% Debt Sector Allocation
Sector Value Cash Equivalent 89.96% Corporate 8.87% Government 1.55% Credit Quality
Rating Value AAA 100% Top Securities Holdings / Portfolio
Name Holding Value Quantity Future on HDFC Bank Ltd
Derivatives | -6% -₹1,711 Cr 23,915,450
↑ 23,915,450 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jan 23 | HDFCBANK6% ₹1,695 Cr 23,915,450
↓ -1,992,250 Invesco India Money Market Dir Gr
Investment Fund | -6% ₹1,678 Cr 4,916,303
↑ 500,393 Invesco India Liquid Dir Gr
Investment Fund | -5% ₹1,587 Cr 4,058,659
↓ -4,387,047 Future on ICICI Bank Ltd
Derivatives | -5% -₹1,391 Cr 10,468,500
↑ 10,468,500 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 24 | ICICIBANK5% ₹1,384 Cr 10,468,500
↑ 3,264,100 Future on Reliance Industries Ltd
Derivatives | -3% -₹1,063 Cr 8,913,000
↑ 2,782,500 Reliance Industries Ltd (Energy)
Equity, Since 31 Dec 22 | RELIANCE3% ₹1,058 Cr 8,913,000
↑ 2,782,500 Future on Axis Bank Ltd
Derivatives | -2% -₹670 Cr 5,457,500
↑ 5,457,500 Future on Vodafone Idea Ltd
Derivatives | -2% -₹669 Cr 515,477,700
↑ 1,572,450 4. ICICI Prudential Equity Arbitrage Fund
ICICI Prudential Equity Arbitrage Fund
Growth Launch Date 30 Dec 06 NAV (29 Oct 26) ₹36.979 ↓ -0.03 (-0.07 %) Net Assets (Cr) ₹35,576 on 30 Sep 26 Category Hybrid - Arbitrage AMC ICICI Prudential Asset Management Company Limited Rating ☆☆☆☆ Risk Moderate Expense Ratio 0.93 Sharpe Ratio 0.76 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 30 Sep 21 ₹10,000 30 Sep 22 ₹10,368 30 Sep 23 ₹11,087 30 Sep 24 ₹11,903 30 Sep 25 ₹12,696 30 Sep 26 ₹13,475 Returns for ICICI Prudential Equity Arbitrage Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 29 Oct 26 Duration Returns 1 Month 0.6% 3 Month 1.3% 6 Month 2.7% 1 Year 6% 3 Year 6.6% 5 Year 6.1% 10 Year 15 Year Since launch 6.8% Historical performance (Yearly) on absolute basis
Year Returns 2025 6.5% 2024 7.6% 2023 7.1% 2022 4.2% 2021 3.9% 2020 4.3% 2019 5.9% 2018 6.2% 2017 5.5% 2016 6.8% Fund Manager information for ICICI Prudential Equity Arbitrage Fund
Name Since Tenure Nikhil Kabra 29 Dec 20 5.76 Yr. Sharmila D'Silva 31 Jul 22 4.17 Yr. Darshil Dedhia 13 Sep 24 2.05 Yr. Ajaykumar Solanki 23 Aug 24 2.11 Yr. Archana Nair 1 Feb 24 2.67 Yr. Data below for ICICI Prudential Equity Arbitrage Fund as on 30 Sep 26
Asset Allocation
Asset Class Value Cash 95.89% Debt 4.39% Other 0.04% Equity Sector Allocation
Sector Value Basic Materials 1.46% Consumer Cyclical 0.96% Consumer Defensive 0.75% Communication Services 0.31% Real Estate 0.08% Debt Sector Allocation
Sector Value Cash Equivalent 78.91% Corporate 16.27% Government 5.11% Credit Quality
Rating Value AAA 100% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Pru Money Market Dir Gr
Investment Fund | -15% ₹5,327 Cr 127,933,512 Future on Reliance Industries Ltd
Derivatives | -4% -₹1,588 Cr 13,316,500
↑ 2,347,000 Reliance Industries Ltd (Energy)
Equity, Since 31 Aug 18 | RELIANCE4% ₹1,581 Cr 13,316,500
↑ 2,347,000 Future on HDFC Bank Ltd
Derivatives | -3% -₹1,208 Cr 16,875,950
↑ 824,200 HDFC Bank Ltd (Financial Services)
Equity, Since 30 Nov 21 | HDFCBANK3% ₹1,196 Cr 16,875,950
↑ 824,200 Future on Vodafone Idea Ltd
Derivatives | -3% -₹1,066 Cr 821,104,800
↓ -27,803,775 Vodafone Idea Ltd (Communication Services)
Equity, Since 30 Sep 23 | 5328223% ₹1,063 Cr 821,104,800
↓ -27,803,775 Future on Axis Bank Ltd
Derivatives | -3% -₹1,049 Cr 8,541,250
↓ -1,046,250 Axis Bank Ltd (Financial Services)
Equity, Since 31 Jul 23 | 5322153% ₹1,047 Cr 8,541,250
↓ -1,046,250 Future on State Bank of India
Derivatives | -2% -₹841 Cr 8,696,250
↑ 2,265,000 5. Aditya Birla Sun Life Arbitrage Fund
Aditya Birla Sun Life Arbitrage Fund
Growth Launch Date 24 Jul 09 NAV (29 Oct 26) ₹28.6059 ↓ -0.02 (-0.06 %) Net Assets (Cr) ₹26,933 on 30 Sep 26 Category Hybrid - Arbitrage AMC Birla Sun Life Asset Management Co Ltd Rating ☆☆☆ Risk Moderate Expense Ratio 1.03 Sharpe Ratio 0.69 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 30 Sep 21 ₹10,000 30 Sep 22 ₹10,350 30 Sep 23 ₹11,060 30 Sep 24 ₹11,873 30 Sep 25 ₹12,658 30 Sep 26 ₹13,426 Returns for Aditya Birla Sun Life Arbitrage Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 29 Oct 26 Duration Returns 1 Month 0.6% 3 Month 1.2% 6 Month 2.7% 1 Year 5.9% 3 Year 6.6% 5 Year 6.1% 10 Year 15 Year Since launch 6.3% Historical performance (Yearly) on absolute basis
Year Returns 2025 6.4% 2024 7.5% 2023 7.1% 2022 4.1% 2021 3.8% 2020 4.1% 2019 6.2% 2018 6% 2017 5.6% 2016 6.5% Fund Manager information for Aditya Birla Sun Life Arbitrage Fund
Name Since Tenure Lovelish Solanki 15 Dec 14 11.8 Yr. Mohit Sharma 3 Mar 25 1.58 Yr. Krina Mehta 2 Oct 25 1 Yr. Data below for Aditya Birla Sun Life Arbitrage Fund as on 30 Sep 26
Asset Allocation
Asset Class Value Cash 92.19% Debt 8.09% Equity Sector Allocation
Sector Value Communication Services 1.08% Consumer Defensive 0.86% Basic Materials 0.83% Consumer Cyclical 0.14% Real Estate 0.09% Utility 0% Debt Sector Allocation
Sector Value Cash Equivalent 79.39% Corporate 14.07% Government 6.82% Credit Quality
Rating Value AAA 100% Top Securities Holdings / Portfolio
Name Holding Value Quantity Aditya BSL Money Market Dir Gr
Investment Fund | -10% ₹2,743 Cr 67,468,928 Aditya BSL Fltng Intst Rts Dir Gr
Investment Fund | -4% ₹960 Cr 24,863,082 Future on HDFC Bank Ltd
Derivatives | -4% -₹959 Cr HDFC Bank Ltd (Financial Services)
Equity, Since 31 Dec 21 | HDFCBANK4% ₹949 Cr 13,391,950
↑ 426,400 Future on ICICI Bank Ltd
Derivatives | -3% -₹912 Cr ICICI Bank Ltd (Financial Services)
Equity, Since 31 May 24 | ICICIBANK3% ₹907 Cr 6,860,000
↑ 139,300 Future on Reliance Industries Ltd
Derivatives | -3% -₹776 Cr Reliance Industries Ltd (Energy)
Equity, Since 30 Jun 18 | RELIANCE3% ₹773 Cr 6,511,000
↑ 28,000 Aditya BSL Liquid Dir Gr
Investment Fund | -3% ₹688 Cr 14,939,842 Future on Bharti Airtel Ltd
Derivatives | -2% -₹645 Cr 6. Kotak Equity Arbitrage Fund
Kotak Equity Arbitrage Fund
Growth Launch Date 29 Sep 05 NAV (29 Oct 26) ₹40.406 ↓ -0.03 (-0.08 %) Net Assets (Cr) ₹75,275 on 30 Sep 26 Category Hybrid - Arbitrage AMC Kotak Mahindra Asset Management Co Ltd Rating ☆☆☆☆ Risk Moderately Low Expense Ratio 0.99 Sharpe Ratio 0.77 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 30 Sep 21 ₹10,000 30 Sep 22 ₹10,398 30 Sep 23 ₹11,142 30 Sep 24 ₹11,993 30 Sep 25 ₹12,796 30 Sep 26 ₹13,580 Returns for Kotak Equity Arbitrage Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 29 Oct 26 Duration Returns 1 Month 0.7% 3 Month 1.3% 6 Month 2.8% 1 Year 6% 3 Year 6.7% 5 Year 6.3% 10 Year 15 Year Since launch 6.8% Historical performance (Yearly) on absolute basis
Year Returns 2025 6.4% 2024 7.8% 2023 7.4% 2022 4.5% 2021 4% 2020 4.3% 2019 6.1% 2018 6.3% 2017 5.8% 2016 6.7% Fund Manager information for Kotak Equity Arbitrage Fund
Name Since Tenure Hiten Shah 3 Oct 19 7 Yr. Data below for Kotak Equity Arbitrage Fund as on 30 Sep 26
Asset Allocation
Asset Class Value Cash 91.26% Debt 9.01% Other 0.07% Equity Sector Allocation
Sector Value Debt Sector Allocation
Sector Value Cash Equivalent 79.68% Corporate 14.6% Government 5.99% Credit Quality
Rating Value AAA 100% Top Securities Holdings / Portfolio
Name Holding Value Quantity Kotak Money Market Dir Gr
Investment Fund | -10% ₹7,364 Cr 14,979,603 Kotak Ultra Short Term Dir Gr
Investment Fund | -5% ₹3,751 Cr 771,352,394
↑ 61,696,872 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Dec 19 | ICICIBANK4% ₹3,139 Cr 23,751,000
↑ 10,873,800 ICICI Bank Ltd.-OCT2026
Derivatives | -4% -₹2,993 Cr 22,519,700
↑ 22,285,200 Kotak Ultra Shrt to S/T Dir Gr
Investment Fund | -4% ₹2,905 Cr 7,367,484
↑ 2,029,384 Kotak Liquid Dir Gr
Investment Fund | -3% ₹2,353 Cr 4,088,850
↑ 2,522,035 Reliance Industries Ltd (Energy)
Equity, Since 31 May 18 | RELIANCE3% ₹2,305 Cr 19,422,000
↑ 7,615,500 Axis Bank Ltd (Financial Services)
Equity, Since 30 Jun 18 | 5322153% ₹2,216 Cr 18,072,500
↓ -2,375,000 RELIANCE INDUSTRIES LTD.-OCT2026
Derivatives | -3% -₹2,177 Cr 18,264,000
↑ 17,719,500 Axis Bank Ltd.-OCT2026
Derivatives | -3% -₹2,080 Cr 16,939,375
↑ 16,938,125 7. Edelweiss Arbitrage Fund
Edelweiss Arbitrage Fund
Growth Launch Date 27 Jun 14 NAV (29 Oct 26) ₹20.8628 ↓ -0.02 (-0.09 %) Net Assets (Cr) ₹14,250 on 30 Sep 26 Category Hybrid - Arbitrage AMC Edelweiss Asset Management Limited Rating ☆☆☆☆☆ Risk Moderately Low Expense Ratio 1.07 Sharpe Ratio 0.63 Information Ratio -1.89 Alpha Ratio -0.74 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 30 Sep 21 ₹10,000 30 Sep 22 ₹10,386 30 Sep 23 ₹11,111 30 Sep 24 ₹11,936 30 Sep 25 ₹12,723 30 Sep 26 ₹13,487 Returns for Edelweiss Arbitrage Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 29 Oct 26 Duration Returns 1 Month 0.5% 3 Month 1.2% 6 Month 2.7% 1 Year 5.8% 3 Year 6.6% 5 Year 6.1% 10 Year 15 Year Since launch 6.1% Historical performance (Yearly) on absolute basis
Year Returns 2025 6.3% 2024 7.7% 2023 7.1% 2022 4.4% 2021 3.8% 2020 4.5% 2019 6.2% 2018 6.1% 2017 5.8% 2016 6.7% Fund Manager information for Edelweiss Arbitrage Fund
Name Since Tenure Bhavesh Jain 27 Jun 14 12.27 Yr. Rahul Dedhia 15 Jan 26 0.71 Yr. Amit Vora 6 Nov 24 1.9 Yr. Hetul Raval 22 Sep 25 1.02 Yr. Data below for Edelweiss Arbitrage Fund as on 30 Sep 26
Asset Allocation
Asset Class Value Cash 94.85% Debt 5.43% Other 0.04% Equity Sector Allocation
Sector Value Communication Services 1.7% Consumer Defensive 0.71% Basic Materials 0.56% Energy 0.41% Consumer Cyclical 0.29% Industrials 0.11% Real Estate 0.02% Debt Sector Allocation
Sector Value Cash Equivalent 79.46% Corporate 17.34% Government 3.48% Credit Quality
Rating Value AAA 100% Top Securities Holdings / Portfolio
Name Holding Value Quantity Edelweiss Liquid Dir Gr
Investment Fund | -8% ₹1,128 Cr 3,061,665 Future on ICICI Bank Ltd
Derivatives | -5% -₹777 Cr 5,842,900
↑ 3,339,000 ICICI Bank Ltd (Financial Services)
Equity, Since 30 Apr 20 | ICICIBANK5% ₹772 Cr 5,842,900
↑ 3,339,000 Future on HDFC Bank Ltd
Derivatives | -5% -₹720 Cr 10,066,550
↑ 910,000 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Mar 21 | HDFCBANK5% ₹713 Cr 10,066,550
↑ 910,000 Edelweiss Money Market Dir Gr
Investment Fund | -4% ₹581 Cr 171,039,989 Future on Reliance Industries Ltd
Derivatives | -3% -₹381 Cr 3,196,500
↑ 1,112,500 Reliance Industries Ltd (Energy)
Equity, Since 30 Apr 18 | RELIANCE3% ₹379 Cr 3,196,500
↑ 1,112,500 Future on Adani Energy Solutions Ltd
Derivatives | -2% -₹289 Cr 2,179,575
↑ 92,475 Adani Energy Solutions Ltd (Utilities)
Equity, Since 30 Nov 24 | ADANIENSOL2% ₹287 Cr 2,179,575
↑ 92,475 8. HDFC Arbitrage Fund
HDFC Arbitrage Fund
Growth Launch Date 23 Oct 07 NAV (29 Oct 26) ₹33.03 ↓ -0.02 (-0.07 %) Net Assets (Cr) ₹25,407 on 30 Sep 26 Category Hybrid - Arbitrage AMC HDFC Asset Management Company Limited Rating ☆☆☆ Risk Moderately Low Expense Ratio 0.86 Sharpe Ratio 0.72 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 30 Sep 21 ₹10,000 30 Sep 22 ₹10,347 30 Sep 23 ₹11,069 30 Sep 24 ₹11,902 30 Sep 25 ₹12,682 30 Sep 26 ₹13,454 Returns for HDFC Arbitrage Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 29 Oct 26 Duration Returns 1 Month 0.6% 3 Month 1.3% 6 Month 2.8% 1 Year 6% 3 Year 6.6% 5 Year 6.1% 10 Year 15 Year Since launch 6.5% Historical performance (Yearly) on absolute basis
Year Returns 2025 6.3% 2024 7.7% 2023 7.2% 2022 4.2% 2021 3.6% 2020 3.7% 2019 6% 2018 5.7% 2017 5.3% 2016 6.6% Fund Manager information for HDFC Arbitrage Fund
Name Since Tenure Anil Bamboli 1 Feb 22 4.67 Yr. Arun Agarwal 24 Aug 20 6.11 Yr. Dhruv Muchhal 22 Jun 23 3.28 Yr. Nandita Menezes 29 Mar 25 1.51 Yr. Data below for HDFC Arbitrage Fund as on 30 Sep 26
Asset Allocation
Asset Class Value Cash 90.44% Debt 9.83% Other 0.06% Equity Sector Allocation
Sector Value Basic Materials 1.53% Communication Services 0.79% Consumer Defensive 0.58% Consumer Cyclical 0.01% Utility 0% Debt Sector Allocation
Sector Value Cash Equivalent 83.04% Corporate 13.03% Government 4.2% Credit Quality
Rating Value AAA 100% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Money Market Dir Gr
Investment Fund | -9% ₹2,321 Cr 3,671,341
↑ 317,162 Future on HDFC Bank Ltd
Derivatives | -5% -₹1,293 Cr 18,073,250
↓ -113,750 Future on ICICI Bank Ltd
Derivatives | -5% -₹1,287 Cr 9,684,500
↑ 1,157,100 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jan 23 | HDFCBANK5% ₹1,281 Cr 18,073,250
↓ -113,750 ICICI Bank Ltd (Financial Services)
Equity, Since 30 Jun 24 | ICICIBANK5% ₹1,280 Cr 9,684,500
↑ 1,157,100 HDFC Liquid Dir Gr
Investment Fund | -4% ₹954 Cr 1,704,922 Future on Reliance Industries Ltd
Derivatives | -3% -₹865 Cr 7,256,000
↑ 243,500 Reliance Industries Ltd (Energy)
Equity, Since 31 Oct 21 | RELIANCE3% ₹861 Cr 7,256,000
↑ 243,500 Future on Bharti Airtel Ltd
Derivatives | -3% -₹844 Cr 4,779,450
↑ 159,600 Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Oct 23 | BHARTIARTL3% ₹840 Cr 4,779,450
↑ 159,600 9. Axis Arbitrage Fund
Axis Arbitrage Fund
Growth Launch Date 14 Aug 14 NAV (29 Oct 26) ₹20.1193 ↓ -0.02 (-0.07 %) Net Assets (Cr) ₹10,168 on 30 Sep 26 Category Hybrid - Arbitrage AMC Axis Asset Management Company Limited Rating ☆☆ Risk Moderate Expense Ratio 1.01 Sharpe Ratio 0.61 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 30 Sep 21 ₹10,000 30 Sep 22 ₹10,393 30 Sep 23 ₹11,076 30 Sep 24 ₹11,899 30 Sep 25 ₹12,672 30 Sep 26 ₹13,432 Returns for Axis Arbitrage Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 29 Oct 26 Duration Returns 1 Month 0.5% 3 Month 1.2% 6 Month 2.6% 1 Year 5.8% 3 Year 6.5% 5 Year 6.1% 10 Year 15 Year Since launch 5.9% Historical performance (Yearly) on absolute basis
Year Returns 2025 6.3% 2024 7.6% 2023 6.9% 2022 4.2% 2021 3.8% 2020 4.1% 2019 5.8% 2018 6.1% 2017 5.2% 2016 6.9% Fund Manager information for Axis Arbitrage Fund
Name Since Tenure Devang Shah 14 Aug 14 12.14 Yr. Sachin Jain 9 Nov 21 4.89 Yr. Data below for Axis Arbitrage Fund as on 30 Sep 26
Asset Allocation
Asset Class Value Cash 98.42% Debt 1.88% Equity Sector Allocation
Sector Value Communication Services 1.1% Financial Services 0.96% Utility 0.92% Consumer Cyclical 0.45% Basic Materials 0.07% Real Estate 0% Debt Sector Allocation
Sector Value Cash Equivalent 78.01% Corporate 15.98% Government 6.3% Credit Quality
Rating Value AAA 100% Top Securities Holdings / Portfolio
Name Holding Value Quantity Axis Money Market Dir Gr
Investment Fund | -13% ₹1,328 Cr 8,475,144 Future on HDFC Bank Ltd
Derivatives | -4% -₹417 Cr 5,830,500
↑ 5,830,500 HDFC Bank Ltd (Financial Services)
Equity, Since 28 Feb 23 | HDFCBANK4% ₹413 Cr 5,830,500
↑ 663,000 Future on ICICI Bank Ltd
Derivatives | -4% -₹392 Cr 2,948,400
↑ 2,948,400 ICICI Bank Ltd (Financial Services)
Equity, Since 30 Nov 24 | ICICIBANK4% ₹390 Cr 2,948,400
↑ 428,400 Future on Reliance Industries Ltd
Derivatives | -4% -₹385 Cr 3,228,000
↑ 3,228,000 Reliance Industries Ltd (Energy)
Equity, Since 31 Mar 20 | RELIANCE4% ₹383 Cr 3,228,000
↑ 535,500 State Bank of India Future Oct 26
Derivatives | -3% -₹269 Cr 2,782,500
↑ 2,032,500 Bharat Heavy Electricals Ltd (Industrials)
Equity, Since 31 Mar 25 | 5001033% ₹268 Cr 6,452,250
↓ -133,875 Future on Bharat Heavy Electricals Ltd
Derivatives | -3% -₹268 Cr 6,452,250
↓ -133,875 10. Bandhan Arbitrage Fund
Bandhan Arbitrage Fund
Growth Launch Date 21 Dec 06 NAV (29 Oct 26) ₹34.8288 ↓ -0.02 (-0.07 %) Net Assets (Cr) ₹7,745 on 30 Sep 26 Category Hybrid - Arbitrage AMC IDFC Asset Management Company Limited Rating ☆ Risk Moderately Low Expense Ratio 1.08 Sharpe Ratio 0.27 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 30 Sep 21 ₹10,000 30 Sep 22 ₹10,349 30 Sep 23 ₹11,065 30 Sep 24 ₹11,881 30 Sep 25 ₹12,648 30 Sep 26 ₹13,376 Returns for Bandhan Arbitrage Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 29 Oct 26 Duration Returns 1 Month 0.6% 3 Month 1.2% 6 Month 2.6% 1 Year 5.6% 3 Year 6.4% 5 Year 6% 10 Year 15 Year Since launch 6.5% Historical performance (Yearly) on absolute basis
Year Returns 2025 6.2% 2024 7.5% 2023 7.1% 2022 4.1% 2021 3.5% 2020 3.8% 2019 6.2% 2018 6.3% 2017 5.5% 2016 6.3% Fund Manager information for Bandhan Arbitrage Fund
Name Since Tenure Harshal Joshi 20 Oct 16 9.95 Yr. Brijesh Shah 10 Jun 24 2.31 Yr. Ritika Behera 7 Oct 23 2.98 Yr. Gaurav Satra 7 Jun 24 2.32 Yr. Kapil Kankonkar 16 Jun 25 1.29 Yr. Data below for Bandhan Arbitrage Fund as on 30 Sep 26
Asset Allocation
Asset Class Value Cash 92.7% Debt 7.55% Other 0.04% Equity Sector Allocation
Sector Value Financial Services 1.96% Utility 1.1% Consumer Cyclical 0.88% Communication Services 0.55% Real Estate 0.04% Basic Materials 0.03% Debt Sector Allocation
Sector Value Cash Equivalent 79.73% Corporate 14.51% Government 6.02% Credit Quality
Rating Value AAA 100% Top Securities Holdings / Portfolio
Name Holding Value Quantity Bandhan Money Market Dir Gr
Investment Fund | -14% ₹1,047 Cr 221,060,752 Bandhan Ultra Short to S/T Dir Gr
Investment Fund | -9% ₹693 Cr 162,639,014 Future on HDFC Bank Ltd
Derivatives | -5% -₹409 Cr 5,708,300
↑ 5,708,300 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Mar 22 | HDFCBANK5% ₹405 Cr 5,708,300
↑ 476,450 Bandhan Ultra Short Term Dir Gr
Investment Fund | -5% ₹381 Cr 228,813,997
↑ 60,035,783 Future on Reliance Industries Ltd
Derivatives | -4% -₹348 Cr 2,917,500
↑ 2,657,000 Reliance Industries Ltd (Energy)
Equity, Since 31 Mar 18 | RELIANCE4% ₹346 Cr 2,917,500
↑ 1,626,500 Future on ICICI Bank Ltd
Derivatives | -4% -₹335 Cr 2,522,800
↑ 2,522,800 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 24 | ICICIBANK4% ₹333 Cr 2,522,800
↑ 1,291,500 Future on Vodafone Idea Ltd
Derivatives | -2% -₹182 Cr 139,948,050
↓ -20,155,950
Research Highlights for UTI Arbitrage Fund