HSBC Arbitrage Fund
The scheme seeks to generate reasonable returns by predominantly investing in arbitrage opportunities in the cash and derivatives segments of the equity markets and by investing balance in debt and money market instruments.
Growthvine rating: 4/5 — ranked #9 of 39 in category.
Fund basics
| Category | Hybrid: Arbitrage |
|---|---|
| NAV | ₹20.48 (as of 2026-10-23) |
| AUM | ₹3,633 Cr |
| Expense ratio | 0.75% |
| Riskometer | Low |
| Fund manager | Asif Rizwi |
| Exit load | 0.25% for redemption within 1 month |
Performance & risk
| Sharpe ratio | 1.39 |
|---|---|
| Standard deviation | 0.53% |
| Max drawdown | −0.33% |
| Alpha | 0 |
| Beta | 0 |
Over 5 years, captured 27.6% of NIFTY Multi Asset - Equity : Arbitrage : REITs/InvITs (50:40:10) Index's upside and −24.8% of its downside.
Market cap allocation
Concentration
| Top 5 holdings | 0.0% |
|---|---|
| Top 10 holdings | 0.0% |
| Total holdings | 122 |
Top holdings
- Net Receivables/Payables (FnO) — 69.0%
- HSBC Money Market Fund - Direct Growth — 14.3%
- ICICI Bank Ltd. — 5.3%
- Reliance Industries Ltd — 4.8%
- HDFC Bank Ltd. — 4.8%
- Steel Authority of India Ltd. — 3.2%
- Canara Bank — 3.0%
- Adani Power Limited — 2.5%
- Bandhan Bank Limited — 2.4%
- Treps — 2.0%
Top sectors
Not disclosed.
Calendar-year track record
| Year | Return | Quartile | Category rank |
|---|---|---|---|
| 2026 (partial) | 4.9% | Q2 | #13 of 35 |
| 2025 | 6.2% | Q3 | #17 of 31 |
| 2024 | 7.3% | Q3 | #18 of 27 |
| 2023 | 7.1% | Q2 | #12 of 25 |