Bank of India Arbitrage Fund
The scheme seeks to generate income through arbitrage opportunities between cash and derivative segments of the equity market and arbitrage opportunities within the derivative segment and by deployment of surplus cash in debt securities and money market instruments.
Growthvine rating: 2/5 — ranked #29 of 38 in category.
Fund basics
| Category | Hybrid: Arbitrage |
|---|---|
| NAV | ₹14.74 (as of 2026-10-01) |
| AUM | ₹134 Cr |
| Expense ratio | 0.88% |
| Riskometer | Low |
| Fund manager | Nilesh Jethani |
| Exit load | 0.5% for redemption within 15 days |
Performance & risk
| 5-year annualised return | 5.32% |
|---|---|
| Sharpe ratio | 0.59 |
| Standard deviation | 0.49% |
| Max drawdown | −0.61% |
| Alpha | 0 |
| Beta | 0 |
Over 5 years, captured 25.6% of NIFTY Multi Asset - Equity : Arbitrage : REITs/InvITs (50:40:10) Index's upside and −24.3% of its downside.
Market cap allocation
Concentration
| Top 5 holdings | 0.0% |
|---|---|
| Top 10 holdings | 0.0% |
| Total holdings | 33 |
Top holdings
- Net Receivables/Payables (FnO) — 76.8%
- Bank of India Liquid Fund Direct Plan - Growth — 14.4%
- HDFC Bank Ltd. — 6.2%
- Canara Bank — 5.1%
- TATA STEEL LIMITED — 4.8%
- Vedanta Ltd. — 4.4%
- VODAFONE IDEA LIMITED — 3.8%
- Punjab National Bank (04/02/2027) # — 3.6%
- Steel Authority of India Ltd. — 3.6%
- ITC Ltd — 3.6%
Top sectors
Not disclosed.
Calendar-year track record
| Year | Return | Quartile | Category rank |
|---|---|---|---|
| 2026 (partial) | 4.1% | Q4 (Bottom) | #31 of 35 |
| 2025 | 5.9% | Q4 (Bottom) | #26 of 31 |
| 2024 | 6.9% | Q4 (Bottom) | #24 of 27 |
| 2023 | 6.3% | Q4 (Bottom) | #24 of 25 |
| 2022 | 3.0% | Q4 (Bottom) | #20 of 21 |