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 ₹37.5242
↓ -0.06 ₹11,152 6.5 7.7 7.2 4 3.9 SBI Arbitrage Opportunities Fund Growth ₹36.1958
↓ -0.06 ₹46,803 6.5 7.5 7.4 4.6 4 Invesco India Arbitrage Fund Growth ₹34.1907
↓ -0.06 ₹29,629 6.5 7.6 7.4 5.1 3.5 ICICI Prudential Equity Arbitrage Fund Growth ₹36.7449
↓ -0.05 ₹34,180 6.5 7.6 7.1 4.2 3.9 Aditya Birla Sun Life Arbitrage Fund Growth ₹28.4264
↓ -0.03 ₹26,939 6.4 7.5 7.1 4.1 3.8 Kotak Equity Arbitrage Fund Growth ₹40.1456
↓ -0.06 ₹74,399 6.4 7.8 7.4 4.5 4 Edelweiss Arbitrage Fund Growth ₹20.7348
↓ -0.03 ₹15,139 6.3 7.7 7.1 4.4 3.8 HDFC Arbitrage Fund Growth ₹32.805
↓ -0.06 ₹25,001 6.3 7.7 7.2 4.2 3.6 Axis Arbitrage Fund Growth ₹19.9959
↓ -0.03 ₹10,339 6.3 7.6 6.9 4.2 3.8 Bandhan Arbitrage Fund Growth ₹34.6146
↓ -0.05 ₹8,190 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 2 Sep 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 (₹11,152 Cr). Top quartile AUM (₹46,803 Cr). Upper mid AUM (₹29,629 Cr). Upper mid AUM (₹34,180 Cr). Upper mid AUM (₹26,939 Cr). Highest AUM (₹74,399 Cr). Lower mid AUM (₹15,139 Cr). Lower mid AUM (₹25,001 Cr). Bottom quartile AUM (₹10,339 Cr). Bottom quartile AUM (₹8,190 Cr). Point 2 Oldest track record among peers (20 yrs). Established history (19+ yrs). Established history (19+ yrs). Established history (19+ yrs). Established history (17+ yrs). Established history (20+ yrs). Established history (12+ yrs). Established history (18+ 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: 6.10% (lower mid). 5Y return: 6.30% (top quartile). 5Y return: 6.31% (top quartile). 5Y return: 6.12% (upper mid). 5Y return: 6.03% (bottom quartile). 5Y return: 6.28% (upper mid). 5Y return: 6.14% (upper mid). 5Y return: 6.08% (lower mid). 5Y return: 6.05% (bottom quartile). 5Y return: 5.96% (bottom quartile). Point 6 3Y return: 6.87% (top quartile). 3Y return: 6.80% (lower mid). 3Y return: 6.86% (upper mid). 3Y return: 6.81% (upper mid). 3Y return: 6.77% (bottom quartile). 3Y return: 6.93% (top quartile). 3Y return: 6.78% (lower mid). 3Y return: 6.82% (upper mid). 3Y return: 6.74% (bottom quartile). 3Y return: 6.63% (bottom quartile). Point 7 1Y return: 6.05% (upper mid). 1Y return: 6.00% (lower mid). 1Y return: 6.12% (top quartile). 1Y return: 6.08% (upper mid). 1Y return: 6.00% (lower mid). 1Y return: 6.10% (top quartile). 1Y return: 5.97% (bottom quartile). 1Y return: 6.07% (upper mid). 1Y return: 5.97% (bottom quartile). 1Y return: 5.74% (bottom quartile). Point 8 1M return: 0.53% (lower mid). 1M return: 0.51% (bottom quartile). 1M return: 0.55% (top quartile). 1M return: 0.54% (lower mid). 1M return: 0.54% (upper mid). 1M return: 0.56% (top quartile). 1M return: 0.52% (bottom quartile). 1M return: 0.55% (upper mid). 1M return: 0.55% (upper mid). 1M return: 0.51% (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: -1.05 (bottom quartile). Alpha: 0.00 (lower mid). Alpha: 0.00 (bottom quartile). Alpha: 0.00 (bottom quartile). Point 10 Sharpe: 0.48 (upper mid). Sharpe: 0.46 (lower mid). Sharpe: 0.60 (top quartile). Sharpe: 0.49 (upper mid). Sharpe: 0.36 (bottom quartile). Sharpe: 0.50 (top quartile). Sharpe: 0.39 (lower mid). Sharpe: 0.48 (upper mid). Sharpe: 0.32 (bottom quartile). Sharpe: -0.11 (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 (02 Sep 26) ₹37.5242 ↓ -0.06 (-0.15 %) Net Assets (Cr) ₹11,152 on 31 Jul 26 Category Hybrid - Arbitrage AMC UTI Asset Management Company Ltd Rating ☆☆☆ Risk Moderately Low Expense Ratio 0.78 Sharpe Ratio 0.48 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 Aug 21 ₹10,000 31 Aug 22 ₹10,320 31 Aug 23 ₹11,001 31 Aug 24 ₹11,847 31 Aug 25 ₹12,663 31 Aug 26 ₹13,426 Returns for UTI Arbitrage Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 2 Sep 26 Duration Returns 1 Month 0.5% 3 Month 1.9% 6 Month 2.9% 1 Year 6.1% 3 Year 6.9% 5 Year 6.1% 10 Year 15 Year Since launch 6.8% Historical performance (Yearly) on absolute basis
Year Returns 2025 6.5% 2024 7.7% 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 8.17 Yr. Sharwan Kumar Goyal 1 Jan 21 5.67 Yr. Data below for UTI Arbitrage Fund as on 31 Jul 26
Asset Allocation
Asset Class Value Cash 94.13% Equity 0.33% Debt 4.59% Other 0.96% Equity Sector Allocation
Sector Value Consumer Cyclical 2.44% Communication Services 1.47% Consumer Defensive 1.38% Financial Services 0.46% Basic Materials 0.32% Utility 0.32% Energy 0.12% Technology 0% Debt Sector Allocation
Sector Value Cash Equivalent 73.82% Corporate 20.61% Government 4.28% Credit Quality
Rating Value AAA 99.97% Top Securities Holdings / Portfolio
Name Holding Value Quantity UTI Money Market Dir Gr
Investment Fund | -17% ₹1,862 Cr 5,565,906
↑ 149,501 Future on HDFC Bank Ltd
Derivatives | -4% -₹460 Cr 6,117,150
↑ 6,117,150 HDFC Bank Ltd (Financial Services)
Equity, Since 30 Apr 22 | HDFCBANK4% ₹458 Cr 6,117,150
↓ -861,250 Future on Reliance Industries Ltd
Derivatives | -4% -₹392 Cr 2,988,000
↑ 2,988,000 Reliance Industries Ltd (Energy)
Equity, Since 31 Aug 23 | RELIANCE4% ₹391 Cr 2,988,000
↑ 52,000 Future on State Bank of India
Derivatives | -3% -₹363 Cr 3,513,750
↑ 3,513,750 State Bank of India (Financial Services)
Equity, Since 31 May 23 | SBIN3% ₹361 Cr 3,513,750
↑ 565,500 ICICI Bank Ltd (Financial Services)
Equity, Since 30 Sep 24 | ICICIBANK3% ₹352 Cr 2,452,800
↓ -216,300 Future on ICICI Bank Ltd
Derivatives | -3% -₹351 Cr 2,452,800
↑ 2,452,800 Future on Bharti Airtel Ltd
Derivatives | -3% -₹299 Cr 1,514,775
↑ 1,514,775 2. SBI Arbitrage Opportunities Fund
SBI Arbitrage Opportunities Fund
Growth Launch Date 3 Nov 06 NAV (02 Sep 26) ₹36.1958 ↓ -0.06 (-0.18 %) Net Assets (Cr) ₹46,803 on 31 Jul 26 Category Hybrid - Arbitrage AMC SBI Funds Management Private Limited Rating ☆☆ Risk Moderately Low Expense Ratio 0.95 Sharpe Ratio 0.46 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 Aug 21 ₹10,000 31 Aug 22 ₹10,384 31 Aug 23 ₹11,124 31 Aug 24 ₹11,969 31 Aug 25 ₹12,784 31 Aug 26 ₹13,540 Returns for SBI Arbitrage Opportunities Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 2 Sep 26 Duration Returns 1 Month 0.5% 3 Month 1.8% 6 Month 2.9% 1 Year 6% 3 Year 6.8% 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 13.91 Yr. Ardhendu Bhattacharya 27 Dec 24 1.68 Yr. Data below for SBI Arbitrage Opportunities Fund as on 31 Jul 26
Asset Allocation
Asset Class Value Cash 90.16% Equity 2.05% Debt 7.79% Other 0.05% Equity Sector Allocation
Sector Value Financial Services 2.22% Consumer Defensive 0.99% Communication Services 0.64% Consumer Cyclical 0.61% Energy 0.45% Basic Materials 0.45% Real Estate 0.1% Debt Sector Allocation
Sector Value Cash Equivalent 78.77% Corporate 15.23% Government 3.9% Credit Quality
Rating Value AAA 100% Top Securities Holdings / Portfolio
Name Holding Value Quantity SBI Savings Dir Gr
Investment Fund | -13% ₹5,879 Cr 1,234,606,835 Future on HDFC Bank Ltd
Derivatives | -5% -₹2,140 Cr 28,407,600
↓ -3,430,050 HDFC Bank Ltd (Financial Services)
Equity, Since 30 Apr 22 | HDFCBANK5% ₹2,125 Cr 28,407,600
↓ -3,430,050 Future on Reliance Industries Ltd
Derivatives | -4% -₹1,707 Cr 13,007,000
↑ 1,129,500 Reliance Industries Ltd (Energy)
Equity, Since 30 Nov 21 | RELIANCE4% ₹1,701 Cr 13,007,000
↑ 1,129,500 Future on State Bank of India
Derivatives | -3% -₹1,552 Cr 15,012,000
↑ 1,034,250 State Bank of India (Financial Services)
Equity, Since 31 May 23 | SBIN3% ₹1,542 Cr 15,012,000
↑ 1,034,250 SBI Low Duration Dir Gr
Investment Fund | -3% ₹1,292 Cr 3,329,932 ICICI Bank Ltd (Financial Services)
Equity, Since 30 Jun 21 | ICICIBANK3% ₹1,284 Cr 8,946,000
↓ -5,166,700 SBI Liquid Dir Gr
Investment Fund | -3% ₹1,282 Cr 2,908,677
↓ -2,505,630 3. Invesco India Arbitrage Fund
Invesco India Arbitrage Fund
Growth Launch Date 30 Apr 07 NAV (02 Sep 26) ₹34.1907 ↓ -0.06 (-0.17 %) Net Assets (Cr) ₹29,629 on 31 Jul 26 Category Hybrid - Arbitrage AMC Invesco Asset Management (India) Private Ltd Rating ☆☆☆ Risk Moderately Low Expense Ratio 1.06 Sharpe Ratio 0.6 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 Aug 21 ₹10,000 31 Aug 22 ₹10,386 31 Aug 23 ₹11,125 31 Aug 24 ₹11,981 31 Aug 25 ₹12,785 31 Aug 26 ₹13,569 Returns for Invesco India Arbitrage Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 2 Sep 26 Duration Returns 1 Month 0.5% 3 Month 1.9% 6 Month 3% 1 Year 6.1% 3 Year 6.9% 5 Year 6.3% 10 Year 15 Year Since launch 6.6% 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 4.81 Yr. Pradeep Sukte 25 Jun 26 0.18 Yr. Data below for Invesco India Arbitrage Fund as on 31 Jul 26
Asset Allocation
Asset Class Value Cash 98.58% Equity 0.19% Debt 1.57% Equity Sector Allocation
Sector Value Financial Services 28.28% Basic Materials 6.35% Communication Services 6% Industrials 5.43% Energy 4.65% Consumer Cyclical 4.4% Health Care 3.04% Consumer Defensive 2.86% Utility 2.4% Technology 2.06% Real Estate 0.92% Debt Sector Allocation
Sector Value Cash Equivalent 84.6% Corporate 11.96% Government 3.61% Credit Quality
Rating Value AA 1.79% AAA 98.21% Top Securities Holdings / Portfolio
Name Holding Value Quantity Future on BANK Index
- | -18% -₹5,323 Cr 389,058,100
↓ -22,865,700 Invesco India Liquid Dir Gr
Investment Fund | -14% ₹4,213 Cr 10,887,643
↑ 5,733,648 Invesco India Money Market Dir Gr
Investment Fund | -5% ₹1,491 Cr 4,415,910 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jan 23 | HDFCBANK3% ₹1,032 Cr 13,794,300
↑ 8,671,650 Future on Bharti Airtel Ltd
Derivatives | -3% -₹952 Cr 4,814,125
↓ -91,675 Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Jan 24 | BHARTIARTL3% ₹949 Cr 4,814,125
↓ -91,675 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 24 | ICICIBANK3% ₹853 Cr 5,944,400
↓ -724,500 Reliance Industries Ltd (Energy)
Equity, Since 31 Dec 22 | RELIANCE3% ₹830 Cr 6,350,000
↓ -1,929,000 Future on Reliance Industries Ltd
Derivatives | -3% -₹815 Cr 6,216,000
↓ -2,063,000 Future on Jio Financial Services Ltd
Derivatives | -3% -₹784 Cr 30,458,350
↑ 18,341,750 4. ICICI Prudential Equity Arbitrage Fund
ICICI Prudential Equity Arbitrage Fund
Growth Launch Date 30 Dec 06 NAV (02 Sep 26) ₹36.7449 ↓ -0.05 (-0.14 %) Net Assets (Cr) ₹34,180 on 31 Jul 26 Category Hybrid - Arbitrage AMC ICICI Prudential Asset Management Company Limited Rating ☆☆☆☆ Risk Moderate Expense Ratio 0.9 Sharpe Ratio 0.49 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 Aug 21 ₹10,000 31 Aug 22 ₹10,334 31 Aug 23 ₹11,026 31 Aug 24 ₹11,861 31 Aug 25 ₹12,667 31 Aug 26 ₹13,416 Returns for ICICI Prudential Equity Arbitrage Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 2 Sep 26 Duration Returns 1 Month 0.5% 3 Month 1.9% 6 Month 3% 1 Year 6.1% 3 Year 6.8% 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 5.67 Yr. Sharmila D'Silva 31 Jul 22 4.09 Yr. Darshil Dedhia 13 Sep 24 1.96 Yr. Ajaykumar Solanki 23 Aug 24 2.02 Yr. Archana Nair 1 Feb 24 2.58 Yr. Data below for ICICI Prudential Equity Arbitrage Fund as on 31 Jul 26
Asset Allocation
Asset Class Value Cash 94.6% Debt 5.66% Other 0.04% Equity Sector Allocation
Sector Value Consumer Defensive 1% Consumer Cyclical 0.8% Basic Materials 0.76% Communication Services 0.61% Financial Services 0.26% Real Estate 0.09% Debt Sector Allocation
Sector Value Cash Equivalent 77.77% Corporate 17.5% Government 4.99% Credit Quality
Rating Value AAA 100% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Pru Money Market Dir Gr
Investment Fund | -15% ₹5,268 Cr 127,933,512 Future on Bharti Airtel Ltd
Derivatives | -4% -₹1,476 Cr 7,465,575
↑ 313,500 Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Dec 23 | BHARTIARTL4% ₹1,472 Cr 7,465,575
↑ 313,500 Future on Reliance Industries Ltd
Derivatives | -4% -₹1,241 Cr 9,438,000
↓ -849,000 Reliance Industries Ltd (Energy)
Equity, Since 31 Aug 18 | RELIANCE4% ₹1,234 Cr 9,438,000
↓ -849,000 Future on Vodafone Idea Ltd
Derivatives | -3% -₹1,127 Cr 861,917,025
↓ -26,088,375 Vodafone Idea Ltd (Communication Services)
Equity, Since 30 Sep 23 | 5328223% ₹1,121 Cr 861,917,025
↓ -26,088,375 Future on Axis Bank Ltd
Derivatives | -3% -₹1,051 Cr 8,491,875
↑ 5,392,500 Axis Bank Ltd (Financial Services)
Equity, Since 31 Jul 23 | 5322153% ₹1,044 Cr 8,491,875
↑ 5,392,500 Future on HDFC Bank Ltd
Derivatives | -2% -₹812 Cr 10,754,900
↓ -5,304,000 5. Aditya Birla Sun Life Arbitrage Fund
Aditya Birla Sun Life Arbitrage Fund
Growth Launch Date 24 Jul 09 NAV (02 Sep 26) ₹28.4264 ↓ -0.03 (-0.12 %) Net Assets (Cr) ₹26,939 on 31 Jul 26 Category Hybrid - Arbitrage AMC Birla Sun Life Asset Management Co Ltd Rating ☆☆☆ Risk Moderate Expense Ratio 1.03 Sharpe Ratio 0.36 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 Aug 21 ₹10,000 31 Aug 22 ₹10,323 31 Aug 23 ₹11,001 31 Aug 24 ₹11,825 31 Aug 25 ₹12,627 31 Aug 26 ₹13,376 Returns for Aditya Birla Sun Life Arbitrage Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 2 Sep 26 Duration Returns 1 Month 0.5% 3 Month 1.9% 6 Month 3% 1 Year 6% 3 Year 6.8% 5 Year 6% 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 11.72 Yr. Mohit Sharma 3 Mar 25 1.5 Yr. Krina Mehta 2 Oct 25 0.91 Yr. Data below for Aditya Birla Sun Life Arbitrage Fund as on 31 Jul 26
Asset Allocation
Asset Class Value Cash 90.02% Debt 10.2% Equity Sector Allocation
Sector Value Communication Services 1.12% Consumer Defensive 0.92% Basic Materials 0.7% Real Estate 0.2% Consumer Cyclical 0.15% Financial Services 0.03% Health Care 0.01% Debt Sector Allocation
Sector Value Cash Equivalent 77.32% Corporate 15.62% Government 7.28% Credit Quality
Rating Value AA 4.12% AAA 95.88% Top Securities Holdings / Portfolio
Name Holding Value Quantity Aditya BSL Money Mgr Dir Gr
Investment Fund | -10% ₹2,712 Cr 67,468,928 ICICI Bank Ltd (Financial Services)
Equity, Since 31 May 24 | ICICIBANK4% ₹965 Cr 6,720,700
↓ -184,800 Future on ICICI Bank Ltd
Derivatives | -4% -₹961 Cr Aditya BSL FRF Dir Gr
Investment Fund | -4% ₹952 Cr 24,863,082 Future on HDFC Bank Ltd
Derivatives | -3% -₹875 Cr HDFC Bank Ltd (Financial Services)
Equity, Since 31 Dec 21 | HDFCBANK3% ₹870 Cr 11,628,500
↓ -4,017,650 Future on Reliance Industries Ltd
Derivatives | -3% -₹851 Cr Reliance Industries Ltd (Energy)
Equity, Since 30 Jun 18 | RELIANCE3% ₹849 Cr 6,490,500
↓ -111,000 Future on Vodafone Idea Ltd
Derivatives | -2% -₹648 Cr Vodafone Idea Ltd (Communication Services)
Equity, Since 30 Nov 20 | 5328222% ₹645 Cr 495,536,175
↑ 53,820,675 6. Kotak Equity Arbitrage Fund
Kotak Equity Arbitrage Fund
Growth Launch Date 29 Sep 05 NAV (02 Sep 26) ₹40.1456 ↓ -0.06 (-0.14 %) Net Assets (Cr) ₹74,399 on 31 Jul 26 Category Hybrid - Arbitrage AMC Kotak Mahindra Asset Management Co Ltd Rating ☆☆☆☆ Risk Moderately Low Expense Ratio 0.97 Sharpe Ratio 0.5 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 Aug 21 ₹10,000 31 Aug 22 ₹10,363 31 Aug 23 ₹11,078 31 Aug 24 ₹11,947 31 Aug 25 ₹12,765 31 Aug 26 ₹13,544 Returns for Kotak Equity Arbitrage Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 2 Sep 26 Duration Returns 1 Month 0.6% 3 Month 1.9% 6 Month 3% 1 Year 6.1% 3 Year 6.9% 5 Year 6.3% 10 Year 15 Year Since launch 6.9% 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 6.92 Yr. Data below for Kotak Equity Arbitrage Fund as on 31 Jul 26
Asset Allocation
Asset Class Value Cash 93.35% Debt 6.88% Other 0.06% Equity Sector Allocation
Sector Value Debt Sector Allocation
Sector Value Cash Equivalent 79.8% Corporate 15.56% Government 4.87% Credit Quality
Rating Value AAA 100% Top Securities Holdings / Portfolio
Name Holding Value Quantity Kotak Money Market Dir Gr
Investment Fund | -10% ₹7,282 Cr 14,979,603 Kotak Savings Fund Dir Gr
Investment Fund | -5% ₹3,415 Cr 709,655,522 Kotak Liquid Dir Gr
Investment Fund | -4% ₹3,344 Cr 5,869,140
↑ 2,359,486 Kotak Low Duration Dir Gr
Investment Fund | -3% ₹2,087 Cr 5,338,100 Axis Bank Ltd. - August 2026 - Future
Derivatives | -3% -₹2,040 Cr 16,516,250
↑ 16,516,250 Axis Bank Ltd (Financial Services)
Equity, Since 30 Jun 18 | 5322153% ₹2,031 Cr 16,516,250
↑ 7,580,000 Reliance Industries Ltd (Energy)
Equity, Since 31 May 18 | RELIANCE2% ₹1,599 Cr 12,226,500
↓ -2,904,500 HDFC Bank Ltd (Financial Services)
Equity, Since 30 Apr 22 | HDFCBANK2% ₹1,545 Cr 20,644,650
↓ -3,965,650 Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 31 Jan 24 | KOTAKBANK2% ₹1,521 Cr 38,982,000
↑ 12,010,000 HDFC Bank Ltd.
Debentures | -2% ₹1,446 Cr 150,000 7. Edelweiss Arbitrage Fund
Edelweiss Arbitrage Fund
Growth Launch Date 27 Jun 14 NAV (02 Sep 26) ₹20.7348 ↓ -0.03 (-0.12 %) Net Assets (Cr) ₹15,139 on 31 Jul 26 Category Hybrid - Arbitrage AMC Edelweiss Asset Management Limited Rating ☆☆☆☆☆ Risk Moderately Low Expense Ratio 1.07 Sharpe Ratio 0.39 Information Ratio -1.73 Alpha Ratio -1.05 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 Aug 21 ₹10,000 31 Aug 22 ₹10,354 31 Aug 23 ₹11,050 31 Aug 24 ₹11,891 31 Aug 25 ₹12,692 31 Aug 26 ₹13,436 Returns for Edelweiss Arbitrage Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 2 Sep 26 Duration Returns 1 Month 0.5% 3 Month 1.9% 6 Month 3% 1 Year 6% 3 Year 6.8% 5 Year 6.1% 10 Year 15 Year Since launch 6.2% 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 12.19 Yr. Rahul Dedhia 15 Jan 26 0.62 Yr. Amit Vora 6 Nov 24 1.82 Yr. Hetul Raval 22 Sep 25 0.94 Yr. Data below for Edelweiss Arbitrage Fund as on 31 Jul 26
Asset Allocation
Asset Class Value Cash 94.44% Debt 5.76% Other 0.03% Equity Sector Allocation
Sector Value Communication Services 1.49% Consumer Defensive 0.76% Energy 0.4% Basic Materials 0.38% Consumer Cyclical 0.3% Industrials 0.13% Real Estate 0.04% Debt Sector Allocation
Sector Value Cash Equivalent 80.06% Corporate 15.69% Government 4.45% Credit Quality
Rating Value AAA 100% Top Securities Holdings / Portfolio
Name Holding Value Quantity Edelweiss Liquid Dir Gr
Investment Fund | -9% ₹1,365 Cr 3,744,088
↑ 688,459 Edelweiss Money Market Dir Gr
Investment Fund | -4% ₹575 Cr 171,039,989 Future on HDFC Bank Ltd
Derivatives | -3% -₹464 Cr 6,165,250
↓ -1,258,400 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Mar 21 | HDFCBANK3% ₹461 Cr 6,165,250
↓ -1,258,400 ICICI Bank Ltd (Financial Services)
Equity, Since 30 Apr 20 | ICICIBANK3% ₹405 Cr 2,818,900
↓ -994,700 Future on ICICI Bank Ltd
Derivatives | -3% -₹404 Cr 2,818,900
↓ -994,700 Future on Reliance Industries Ltd
Derivatives | -2% -₹329 Cr 2,508,000
↓ -2,500 Reliance Industries Ltd (Energy)
Equity, Since 30 Apr 18 | RELIANCE2% ₹328 Cr 2,508,000
↓ -2,500 Future on Adani Energy Solutions Ltd
Derivatives | -2% -₹293 Cr 1,777,275
↓ -148,500 Adani Energy Solutions Ltd (Utilities)
Equity, Since 30 Nov 24 | ADANIENSOL2% ₹292 Cr 1,777,275
↓ -148,500 8. HDFC Arbitrage Fund
HDFC Arbitrage Fund
Growth Launch Date 23 Oct 07 NAV (02 Sep 26) ₹32.805 ↓ -0.06 (-0.17 %) Net Assets (Cr) ₹25,001 on 31 Jul 26 Category Hybrid - Arbitrage AMC HDFC Asset Management Company Limited Rating ☆☆☆ Risk Moderately Low Expense Ratio 0.97 Sharpe Ratio 0.48 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 Aug 21 ₹10,000 31 Aug 22 ₹10,314 31 Aug 23 ₹11,005 31 Aug 24 ₹11,852 31 Aug 25 ₹12,645 31 Aug 26 ₹13,411 Returns for HDFC Arbitrage Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 2 Sep 26 Duration Returns 1 Month 0.5% 3 Month 1.9% 6 Month 3% 1 Year 6.1% 3 Year 6.8% 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 4.58 Yr. Arun Agarwal 24 Aug 20 6.02 Yr. Dhruv Muchhal 22 Jun 23 3.19 Yr. Nandita Menezes 29 Mar 25 1.42 Yr. Data below for HDFC Arbitrage Fund as on 31 Jul 26
Asset Allocation
Asset Class Value Cash 90.04% Debt 10.16% Other 0.05% Equity Sector Allocation
Sector Value Basic Materials 1.3% Consumer Defensive 1.2% Communication Services 0.56% Debt Sector Allocation
Sector Value Cash Equivalent 77.48% Corporate 18.83% Government 3.89% Credit Quality
Rating Value AAA 100% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Money Market Dir Gr
Investment Fund | -8% ₹2,097 Cr 3,354,179 Future on HDFC Bank Ltd
Derivatives | -4% -₹1,087 Cr 14,450,150
↓ -651,950 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jan 23 | HDFCBANK4% ₹1,081 Cr 14,450,150
↓ -651,950 ICICI Bank Ltd (Financial Services)
Equity, Since 30 Jun 24 | ICICIBANK4% ₹1,034 Cr 7,202,300
↑ 512,400 Future on ICICI Bank Ltd
Derivatives | -4% -₹1,031 Cr 7,202,300
↑ 512,400 Future on Reliance Industries Ltd
Derivatives | -4% -₹995 Cr 7,588,000
↓ -247,000 Reliance Industries Ltd (Energy)
Equity, Since 31 Oct 21 | RELIANCE4% ₹992 Cr 7,588,000
↓ -247,000 HDFC Liquid Dir Gr
Investment Fund | -4% ₹944 Cr 1,704,922 HDFC Ultra S/T Fund Dir Gr
Investment Fund | -2% ₹618 Cr 373,115,103 Future on JSW Steel Ltd
Derivatives | -2% -₹603 Cr 4,714,200
↑ 115,425 9. Axis Arbitrage Fund
Axis Arbitrage Fund
Growth Launch Date 14 Aug 14 NAV (02 Sep 26) ₹19.9959 ↓ -0.03 (-0.14 %) Net Assets (Cr) ₹10,339 on 31 Jul 26 Category Hybrid - Arbitrage AMC Axis Asset Management Company Limited Rating ☆☆ Risk Moderate Expense Ratio 1.01 Sharpe Ratio 0.32 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 Aug 21 ₹10,000 31 Aug 22 ₹10,365 31 Aug 23 ₹11,022 31 Aug 24 ₹11,854 31 Aug 25 ₹12,647 31 Aug 26 ₹13,396 Returns for Axis Arbitrage Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 2 Sep 26 Duration Returns 1 Month 0.5% 3 Month 1.9% 6 Month 2.9% 1 Year 6% 3 Year 6.7% 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 12.06 Yr. Sachin Jain 9 Nov 21 4.81 Yr. Data below for Axis Arbitrage Fund as on 31 Jul 26
Asset Allocation
Asset Class Value Cash 97.43% Debt 2.77% Equity Sector Allocation
Sector Value Financial Services 13.02% Utility 1.51% Communication Services 1.31% Consumer Defensive 1.15% Health Care 0.93% Basic Materials 0.84% Consumer Cyclical 0.63% Real Estate 0.04% Debt Sector Allocation
Sector Value Cash Equivalent 75.7% Corporate 19.17% Government 5.33% Credit Quality
Rating Value AAA 100% Top Securities Holdings / Portfolio
Name Holding Value Quantity Future on BANK Index
- | -13% -₹1,316 Cr 56,216,625
↑ 4,903,400 Axis Money Market Dir Gr
Investment Fund | -13% ₹1,313 Cr 8,475,144
↓ -2,007,088 HDFC Bank Ltd (Financial Services)
Equity, Since 28 Feb 23 | HDFCBANK4% ₹372 Cr 4,969,900
↓ -55,900 ICICI Bank Ltd (Financial Services)
Equity, Since 30 Nov 24 | ICICIBANK3% ₹308 Cr 2,144,800
↑ 142,800 Reliance Industries Ltd (Energy)
Equity, Since 31 Mar 20 | RELIANCE3% ₹295 Cr 2,258,500
↓ -249,000 Future on Reliance Industries Ltd
Derivatives | -3% -₹295 Cr 2,250,000
↓ -257,500 Future on Bharat Heavy Electricals Ltd
Derivatives | -3% -₹278 Cr 6,801,375
↑ 866,250 Bharat Heavy Electricals Ltd (Industrials)
Equity, Since 31 Mar 25 | 5001033% ₹277 Cr 6,801,375
↑ 866,250 Future on Cenergy Holdings SA
Derivatives | -3% -₹265 Cr 4,617,825
↑ 404,900 Future on Bharat Electronics Ltd
Derivatives | -2% -₹195 Cr 5,011,725
↓ -1,205,550 10. Bandhan Arbitrage Fund
Bandhan Arbitrage Fund
Growth Launch Date 21 Dec 06 NAV (02 Sep 26) ₹34.6146 ↓ -0.05 (-0.15 %) Net Assets (Cr) ₹8,190 on 30 Jun 26 Category Hybrid - Arbitrage AMC IDFC Asset Management Company Limited Rating ☆ Risk Moderately Low Expense Ratio 1.1 Sharpe Ratio -0.11 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 Aug 21 ₹10,000 31 Aug 22 ₹10,316 31 Aug 23 ₹11,004 31 Aug 24 ₹11,833 31 Aug 25 ₹12,615 31 Aug 26 ₹13,337 Returns for Bandhan Arbitrage Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 2 Sep 26 Duration Returns 1 Month 0.5% 3 Month 1.8% 6 Month 2.8% 1 Year 5.7% 3 Year 6.6% 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 9.87 Yr. Brijesh Shah 10 Jun 24 2.22 Yr. Ritika Behera 7 Oct 23 2.9 Yr. Gaurav Satra 7 Jun 24 2.23 Yr. Kapil Kankonkar 16 Jun 25 1.21 Yr. Data below for Bandhan Arbitrage Fund as on 30 Jun 26
Asset Allocation
Asset Class Value Cash 90.51% Equity 0.17% Debt 9.69% Equity Sector Allocation
Sector Value Financial Services 27.3% Basic Materials 7.84% Industrials 7.28% Energy 5.33% Communication Services 5.23% Consumer Cyclical 4.59% Health Care 3.91% Consumer Defensive 3.61% Utility 3.24% Technology 0.94% Real Estate 0.79% Debt Sector Allocation
Sector Value Cash Equivalent 77.44% Corporate 16.79% Government 5.98% Credit Quality
Rating Value AAA 100% Top Securities Holdings / Portfolio
Name Holding Value Quantity Future on BANK Index
- | -14% -₹1,101 Cr 51,229,150
↓ -15,982,600 Bandhan Money Market Dir Gr
Investment Fund | -13% ₹1,036 Cr 221,060,752 Bandhan Low Duration Dir Gr
Investment Fund | -11% ₹862 Cr 203,960,603
↑ 35,617,385 Bandhan Ultra Short Dur Dir Gr
Investment Fund | -3% ₹278 Cr 168,778,214 Vodafone Idea Limited August 2026 Future
Derivatives | -3% -₹217 Cr 165,964,950
↑ 165,964,950 Vodafone Idea Ltd (Communication Services)
Equity, Since 31 Jul 23 | 5328223% ₹216 Cr 165,964,950
↓ -2,215,725 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Mar 22 | HDFCBANK3% ₹210 Cr 2,809,300
↓ -1,712,100 Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 30 Jun 23 | KOTAKBANK3% ₹201 Cr 5,156,000
↑ 1,182,000 Future on Cenergy Holdings SA
Derivatives | -2% -₹200 Cr 5,946,225
↓ -41,000 Axis Bank Ltd (Financial Services)
Equity, Since 31 Oct 23 | 5322152% ₹190 Cr 1,545,000
↑ 737,500
Research Highlights for UTI Arbitrage Fund