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 |
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| NAV | ₹14.68 (as of 2026-08-21) |
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| AUM | ₹48 Cr |
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| Expense ratio | 0.88% |
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| Riskometer | Low |
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| Fund manager | Nilesh Jethani |
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| Exit load | 0.5% for redemption within 15 days |
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Performance & risk
| 5-year annualised return | 5.29% |
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| Sharpe ratio | 0.8 |
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| Standard deviation | 0.47% |
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| Max drawdown | -0.61% |
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| Alpha | 0 |
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| Beta | 0 |
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Over 5 years, captured 25.3% of NIFTY Multi Asset - Equity : Arbitrage : REITs/InvITs (50:40:10) Index's upside and -24.4% 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 | 36 |
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Top holdings
- Net Receivables/Payables (FnO) — 75.1%
- Bank of India Liquid Fund Direct Plan - Growth — 14.1%
- Canara Bank — 5.0%
- Vedanta Ltd. — 4.1%
- ITC Ltd — 3.9%
- Divis Laboratories Ltd. — 3.7%
- Bajaj Finance Limited — 3.7%
- TREPS — 3.6%
- State Bank Of India — 3.6%
- Punjab National Bank (04/02/2027) # — 3.6%
Top sectors
- Banking & Financial — 0.0%
- Construction — 0.0%
- Automobile — 0.0%
Calendar-year track record
| Year | Return | Quartile | Category rank |
|---|
| 2026 (partial) | 3.6% | Q4 (Bottom) | #32 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 |