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 #2 of 38 in category.
Fund basics
| Category | Hybrid: Arbitrage |
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| NAV | ₹36.70 (as of 2026-08-21) |
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| AUM | ₹34,180 Cr |
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| Expense ratio | 0.79% |
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| Riskometer | Low |
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| Fund manager | Ajay Kumar Solanki |
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| Exit load | 0.25% for redemption within 15 days |
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Performance & risk
| 5-year annualised return | 6.16% |
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| Sharpe ratio | 1.8 |
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| Standard deviation | 0.53% |
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| Max drawdown | -1.19% |
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| Alpha | 0 |
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| Beta | 0 |
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Over 5 years, captured 28.0% of NIFTY Multi Asset - Equity : Arbitrage : REITs/InvITs (50:40:10) Index's upside and -25.6% 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 | 158 |
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Top holdings
- Net Receivables/Payables (FnO) — 71.2%
- ICICI Prudential Money Market Fund - Direct Plan - Growth — 15.4%
- Bharti Airtel Ltd. — 4.3%
- Reliance Industries Ltd — 3.6%
- TREPS — 3.5%
- VODAFONE IDEA LIMITED — 3.3%
- AXIS Bank Ltd. — 3.0%
- HDFC Bank Ltd. — 2.3%
- Union Bank Of India — 1.8%
- Bharat Electronics Ltd. — 1.8%
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) | 4.0% | Q1 (Top) | #6 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 |