LIC MF Arbitrage Fund
The scheme seeks to generate income by taking advantage of arbitrage opportunities that potentially exists between cash and derivative market and within the derivative segment of the equity market along with investments in debt securities & money market instruments.
Growthvine rating: 2/5 — ranked #26 of 38 in category.
Fund basics
| Category | Hybrid: Arbitrage |
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| NAV | ₹14.74 (as of 2026-08-21) |
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| AUM | ₹265 Cr |
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| Expense ratio | 0.74% |
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| Riskometer | Low |
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| Fund manager | Sasikant Aravamuthan |
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| Exit load | 0.25% for redemption within 30 days |
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Performance & risk
| 5-year annualised return | 5.84% |
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| Sharpe ratio | 1.38 |
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| Standard deviation | 0.45% |
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| Max drawdown | -0.66% |
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| Alpha | 0 |
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| Beta | 0 |
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Over 5 years, captured 26.3% 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 | 37 |
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Top holdings
- Net Receivables/Payables (FnO) — 46.0%
- Treps — 25.0%
- LIC MF MONEY MARKET FUND-DIRECT PLAN-GR — 15.0%
- LIC MF ULTRA SHRT DUR FD -DIRECT PLAN — 14.0%
- HDFC Bank Ltd. — 10.3%
- Hindalco Industries Ltd. — 9.5%
- State Bank Of India — 7.8%
- ICICI Bank Ltd. — 7.1%
- Bharti Airtel Ltd. — 6.4%
- TATA STEEL LIMITED — 5.8%
Top sectors
- Automobile — 0.0%
- Banking & Financial — 0.0%
- Aerospace & Defence — 0.0%
Calendar-year track record
| Year | Return | Quartile | Category rank |
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| 2026 (partial) | 3.9% | Q2 | #17 of 35 |
| 2025 | 6.1% | Q3 | #23 of 31 |
| 2024 | 7.1% | Q4 (Bottom) | #22 of 27 |
| 2023 | 6.7% | Q4 (Bottom) | #20 of 25 |
| 2022 | 4.1% | Q3 | #13 of 21 |