ICICI Pru Arbitrage Fund
The scheme seeks to generate low volatility returns by using arbitrage & other derivative strategies in equity markets and investments in permitted debt instruments.
Growthvine rating: 5/5 — ranked #3 of 38 in category.
Fund basics
| Category | Hybrid: Arbitrage |
|---|---|
| NAV | ₹36.87 (as of 2026-10-01) |
| AUM | ₹34,850 Cr |
| Expense ratio | 0.79% |
| Riskometer | Low |
| Fund manager | Ajay Kumar Solanki |
| Exit load | 0.25% for redemption within 15 days |
Performance & risk
| 5-year annualised return | 6.14% |
|---|---|
| Sharpe ratio | 1.64 |
| Standard deviation | 0.53% |
| Max drawdown | −1.19% |
| Alpha | 0 |
| Beta | 0 |
Over 5 years, captured 28.6% of NIFTY Multi Asset - Equity : Arbitrage : REITs/InvITs (50:40:10) Index's upside and −24.9% of its downside.
Market cap allocation
Concentration
| Top 5 holdings | 0.0% |
|---|---|
| Top 10 holdings | 0.0% |
| Total holdings | 169 |
Top holdings
- Net Receivables/Payables (FnO) — 72.8%
- ICICI Prudential Money Market Fund - Direct Plan - Growth — 15.2%
- Reliance Industries Ltd — 4.0%
- Bharti Airtel Ltd. — 3.9%
- AXIS Bank Ltd. — 3.6%
- VODAFONE IDEA LIMITED — 3.5%
- HDFC Bank Ltd. — 3.3%
- TREPS — 2.1%
- State Bank Of India — 2.0%
- Bharat Electronics Ltd. — 1.9%
Top sectors
Not disclosed.
Calendar-year track record
| Year | Return | Quartile | Category rank |
|---|---|---|---|
| 2026 (partial) | 4.5% | Q1 (Top) | #7 of 35 |
| 2025 | 6.5% | Q1 (Top) | #7 of 31 |
| 2024 | 7.6% | Q1 (Top) | #6 of 27 |
| 2023 | 7.1% | Q2 | #8 of 25 |
| 2022 | 4.2% | Q1 (Top) | #5 of 21 |