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 #9 of 38 in category.
Fund basics
| Category | Hybrid: Arbitrage |
|---|---|
| NAV | ₹28.49 (as of 2026-10-01) |
| AUM | ₹17,533 Cr |
| Expense ratio | 0.87% |
| Riskometer | Low |
| Fund manager | Vikash Agarwal |
| Exit load | 0.25% for redemption within 15 days |
Performance & risk
| 5-year annualised return | 6.03% |
|---|---|
| Sharpe ratio | 1.46 |
| Standard deviation | 0.51% |
| Max drawdown | −0.65% |
| Alpha | 0 |
| Beta | 0 |
Over 5 years, captured 28.0% of NIFTY Multi Asset - Equity : Arbitrage : REITs/InvITs (50:40:10) Index's upside and −24.1% of its downside.
Market cap allocation
Concentration
| Top 5 holdings | 0.0% |
|---|---|
| Top 10 holdings | 0.0% |
| Total holdings | 165 |
Top holdings
- Net Receivables/Payables (FnO) — 69.1%
- Nippon India Money Market Fund Dir Pl-Growth-Gr Op — 15.1%
- Nippon India Ultra Short Term Fund- Dr Gr Op — 7.4%
- HDFC Bank Ltd. — 4.5%
- Reliance Industries Ltd — 4.2%
- Triparty Repo — 3.7%
- AXIS Bank Ltd. — 3.0%
- State Bank Of India — 2.1%
- JSW Steel Limited — 1.9%
- Kotak Mahindra Bank Ltd. — 1.7%
Top sectors
Not disclosed.
Calendar-year track record
| Year | Return | Quartile | Category rank |
|---|---|---|---|
| 2026 (partial) | 4.4% | 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 |