HDFC Arbitrage Fund
The scheme seeks to generate income through arbitrage opportunities and debt & money market instruments.
Growthvine rating: 3/5 — ranked #17 of 38 in category.
Fund basics
| Category | Hybrid: Arbitrage |
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| NAV | ₹32.76 (as of 2026-08-21) |
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| AUM | ₹25,001 Cr |
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| Expense ratio | 0.84% |
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| Riskometer | Low |
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| Fund manager | Anil Bamboli |
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| Exit load | 0 |
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Performance & risk
| 5-year annualised return | 6.14% |
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| Sharpe ratio | 1.79 |
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| Standard deviation | 0.53% |
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| Max drawdown | -0.82% |
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| Alpha | 0 |
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| Beta | 0 |
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Over 5 years, captured 27.9% of NIFTY Multi Asset - Equity : Arbitrage : REITs/InvITs (50:40:10) Index's upside and -26.0% 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 | 157 |
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Top holdings
- Net Receivables/Payables (FnO) — 68.8%
- HDFC Money Market Fund - Direct Plan - Growth Option — 8.4%
- HDFC Bank Ltd. — 4.3%
- ICICI Bank Ltd. — 4.1%
- Reliance Industries Ltd — 4.0%
- HDFC Liquid Fund - Direct Plan - Growth Option — 3.8%
- TREPS - Tri-party Repo — 3.4%
- HDFC Ultra Short Term Fund - Direct Plan - Growth Option — 2.5%
- JSW Steel Limited — 2.4%
- HDFC Low Duration Fund - Direct Plan - Growth Option — 2.3%
Top sectors
- Agricultural & Farm Machinery — 0.0%
- Automobile — 0.0%
- Aerospace & Defence — 0.0%
Calendar-year track record
| Year | Return | Quartile | Category rank |
|---|
| 2026 (partial) | 4.0% | Q1 (Top) | #8 of 35 |
| 2025 | 6.3% | Q2 | #13 of 31 |
| 2024 | 7.7% | Q1 (Top) | #4 of 27 |
| 2023 | 7.2% | Q1 (Top) | #4 of 25 |
| 2022 | 4.2% | Q2 | #7 of 21 |