Nippon India Arbitrage Fund
The scheme seeks to generate income by taking advantage of the arbitrage opportunities that potentially exists between cash and derivative market and within the derivative segment along with investments in debt securities & money market instruments.
Growthvine rating: 4/5 — ranked #8 of 38 in category.
Fund basics
| Category | Hybrid: Arbitrage |
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| NAV | ₹28.35 (as of 2026-08-21) |
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| AUM | ₹16,638 Cr |
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| Expense ratio | 0.87% |
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| Riskometer | Low |
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| Fund manager | Vikash Agarwal |
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| Exit load | 0.25% for redemption within 15 days |
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Performance & risk
| 5-year annualised return | 6.05% |
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| Sharpe ratio | 1.56 |
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| Standard deviation | 0.52% |
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| Max drawdown | -0.65% |
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| Alpha | 0 |
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| Beta | 0 |
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Over 5 years, captured 27.4% of NIFTY Multi Asset - Equity : Arbitrage : REITs/InvITs (50:40:10) Index's upside and -25.1% 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 | 160 |
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Top holdings
- Net Receivables/Payables (FnO) — 68.5%
- Nippon India Money Market Fund Dir Pl-Growth-Gr Op — 15.6%
- Nippon India Ultra Short Duration Fund- Dr Gr Op — 7.6%
- Reliance Industries Ltd — 4.6%
- HDFC Bank Ltd. — 4.4%
- Triparty Repo — 3.0%
- AXIS Bank Ltd. — 2.9%
- JSW Steel Limited — 2.0%
- State Bank Of India — 2.0%
- Kotak Mahindra Bank Ltd. — 1.6%
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) | 3.9% | Q2 | #15 of 35 |
| 2025 | 6.2% | Q3 | #18 of 31 |
| 2024 | 7.5% | Q2 | #14 of 27 |
| 2023 | 7.0% | Q3 | #16 of 25 |
| 2022 | 4.2% | Q2 | #8 of 21 |