Axis Arbitrage Fund
The scheme aims 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.
Growthvine rating: 4/5 — ranked #6 of 38 in category.
Fund basics
| Category | Hybrid: Arbitrage |
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| NAV | ₹19.97 (as of 2026-08-21) |
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| AUM | ₹10,339 Cr |
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| Expense ratio | 0.86% |
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| Riskometer | Low |
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| Fund manager | Sachin Jain |
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| Exit load | 0.25% for redemption within 15 days |
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Performance & risk
| 5-year annualised return | 6.11% |
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| Sharpe ratio | 1.63 |
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| Standard deviation | 0.52% |
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| Max drawdown | -0.66% |
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| Alpha | 0 |
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| Beta | 0 |
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Over 5 years, captured 27.6% of NIFTY Multi Asset - Equity : Arbitrage : REITs/InvITs (50:40:10) Index's upside and -25.4% of its downside.
Market cap allocation
Concentration
| Top 5 holdings | 0.0% |
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| Top 10 holdings | 0.0% |
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| Total holdings | 143 |
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Top holdings
- Net Receivables/Payables (FnO) — 68.5%
- Axis Money Market Fund - Direct Plan - Growth Option — 12.7%
- HDFC Bank Ltd. — 3.6%
- ICICI Bank Ltd. — 3.0%
- Reliance Industries Ltd — 2.9%
- National Bank For Agriculture and Rural Development (10/11/2026) — 2.8%
- Bharat Heavy Electricals Ltd. — 2.7%
- Union Bank of India (02/03/2027) — 2.3%
- Bharat Electronics Ltd. — 1.9%
- State Bank Of India — 1.9%
Top sectors
- Agricultural & Farm Machinery — 0.0%
- Automobile — 0.0%
- Aerospace & Defence — 0.0%
Calendar-year track record
| Year | Return | Quartile | Category rank |
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| 2026 (partial) | 3.9% | Q2 | #16 of 35 |
| 2025 | 6.3% | Q2 | #14 of 31 |
| 2024 | 7.6% | Q1 (Top) | #7 of 27 |
| 2023 | 6.9% | Q3 | #17 of 25 |
| 2022 | 4.2% | Q1 (Top) | #6 of 21 |