DSP Arbitrage Fund
The Scheme seeks to generate income through arbitrage opportunities between cash and derivative market and arbitrage opportunities within the derivative market.
Growthvine rating: 4/5 — ranked #7 of 38 in category.
Fund basics
| Category | Hybrid: Arbitrage |
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| NAV | ₹15.94 (as of 2026-08-21) |
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| AUM | ₹6,529 Cr |
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| Expense ratio | 0.87% |
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| Riskometer | Low |
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| Fund manager | Kaivalya Nadkarni |
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| Exit load | For units in excess of 10% of the investment, 0.25% will be charged for redemption within 15 days |
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Performance & risk
| 5-year annualised return | 5.98% |
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| Sharpe ratio | 1.47 |
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| Standard deviation | 0.51% |
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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 27.2% of NIFTY Multi Asset - Equity : Arbitrage : REITs/InvITs (50:40:10) Index's upside and -25.2% 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 | 137 |
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Top holdings
- Net Receivables/Payables (FnO) — 67.3%
- DSP Savings Fund — 10.8%
- Reliance Industries Ltd — 4.6%
- HDFC Bank Ltd. — 4.2%
- VODAFONE IDEA LIMITED — 3.2%
- TREPS / Reverse Repo Investments — 2.2%
- ICICI Bank Ltd. — 2.1%
- AXIS Bank Ltd. — 2.0%
- Bharti Airtel Ltd. — 1.8%
- Kotak Mahindra Bank Ltd. — 1.7%
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) | 3.8% | Q3 | #24 of 35 |
| 2025 | 6.2% | Q3 | #19 of 31 |
| 2024 | 7.5% | Q3 | #15 of 27 |
| 2023 | 7.1% | Q2 | #11 of 25 |
| 2022 | 4.1% | Q3 | #12 of 21 |