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 |
|---|---|
| NAV | ₹20.06 (as of 2026-10-01) |
| AUM | ₹10,339 Cr |
| Expense ratio | 0.86% |
| Riskometer | Low |
| Fund manager | Sachin Jain |
| Exit load | 0.25% for redemption within 15 days |
Performance & risk
| 5-year annualised return | 6.08% |
|---|---|
| Sharpe ratio | 1.6 |
| Standard deviation | 0.52% |
| Max drawdown | −0.66% |
| Alpha | 0 |
| Beta | 0 |
Over 5 years, captured 28.4% of NIFTY Multi Asset - Equity : Arbitrage : REITs/InvITs (50:40:10) Index's upside and −24.0% of its downside.
Market cap allocation
Concentration
| Top 5 holdings | 0.0% |
|---|---|
| Top 10 holdings | 0.0% |
| Total holdings | 142 |
Top holdings
- Net Receivables/Payables (FnO) — 67.8%
- Axis Money Market Fund - Direct Plan - Growth Option — 12.5%
- ICICI Bank Ltd. — 3.5%
- HDFC Bank Ltd. — 3.5%
- Reliance Industries Ltd — 3.3%
- Bharat Heavy Electricals Ltd. — 2.8%
- Clearing Corporation of India Ltd — 2.4%
- State Bank Of India — 2.2%
- Bharti Airtel Ltd. — 2.0%
- Bharat Electronics Ltd. — 2.0%
Top sectors
Not disclosed.
Calendar-year track record
| Year | Return | Quartile | Category rank |
|---|---|---|---|
| 2026 (partial) | 4.4% | 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 |