Parag Parikh Arbitrage Fund
The scheme seeks to generate capital appreciation and income by predominantly investing in arbitrage opportunities in the cash and derivatives segment of the equity market, and by investing the balance in debt and money market instruments.
Growthvine rating: 3/5 — ranked #13 of 38 in category.
Fund basics
| Category | Hybrid: Arbitrage |
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| NAV | ₹12.00 (as of 2026-08-21) |
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| AUM | ₹2,632 Cr |
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| Expense ratio | 0.53% |
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| Riskometer | Low |
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| Fund manager | Rajeev Thakkar |
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| Exit load | 0.25% for redemption within 30 days |
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Performance & risk
| Standard deviation | 0.00% |
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| Max drawdown | -0.58% |
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| Alpha | 0 |
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| Beta | 0 |
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Over 5 years, captured 28.8% of NIFTY Multi Asset - Equity : Arbitrage : REITs/InvITs (50:40:10) Index's upside and -25.8% 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 | 70 |
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Top holdings
- Net Receivables/Payables (FnO) — 73.7%
- Parag Parikh Liquid Fund- Direct Plan- Growth — 10.7%
- ICICI Bank Ltd. — 6.0%
- Canara Bank — 5.6%
- HDFC Bank Ltd. — 5.4%
- Bharti Airtel Ltd. — 4.8%
- Reliance Industries Ltd — 4.6%
- AXIS Bank Ltd. — 4.4%
- Kotak Mahindra Bank Ltd. — 3.8%
- Bharat Heavy Electricals Ltd. — 3.0%
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) | #4 of 35 |
| 2025 | 6.2% | Q2 | #15 of 31 |
| 2024 | 7.4% | Q3 | #17 of 27 |