PGIM India Arbitrage Fund
The scheme seeks to generate income by investing in arbitrage opportunities that potentially exist between the cash and derivatives market as well as within the derivatives segment of the market. Investments may also be made in debt & money market instruments.
Growthvine rating: 1/5 — ranked #35 of 38 in category.
Fund basics
| Category | Hybrid: Arbitrage |
|---|
| NAV | ₹19.54 (as of 2026-08-21) |
|---|
| AUM | ₹94 Cr |
|---|
| Expense ratio | 0.88% |
|---|
| Riskometer | Low |
|---|
| Fund manager | Chetan Chavan |
|---|
| Exit load | 0.25% for redemption within 30 days |
|---|
Performance & risk
| 5-year annualised return | 5.74% |
|---|
| Sharpe ratio | 1.1 |
|---|
| Standard deviation | 0.50% |
|---|
| Max drawdown | -0.73% |
|---|
| Alpha | 0 |
|---|
| Beta | 0 |
|---|
Over 5 years, captured 26.6% of NIFTY Multi Asset - Equity : Arbitrage : REITs/InvITs (50:40:10) Index's upside and -23.3% of its downside.
Market cap allocation
Concentration
| Top 5 holdings | 0.0% |
|---|
| Top 10 holdings | 0.0% |
|---|
| Total holdings | 20 |
|---|
Top holdings
- Net Receivables/Payables (FnO) — 67.3%
- PGIM India Liquid Fund — 10.0%
- PGIM India Liquid Fund — 9.6%
- Reliance Industries Ltd — 7.4%
- Havells India Limited — 6.1%
- VODAFONE IDEA LIMITED — 5.9%
- 182 DAYS TBILL RED 19-11-2026 — 5.9%
- Titan Company Limited — 5.2%
- ICICI Bank Ltd. — 4.9%
- HDFC Bank Ltd. — 4.3%
Top sectors
- Construction — 0.0%
- Consumer Durables — 0.0%
- Banking & Financial — 0.0%
Calendar-year track record
| Year | Return | Quartile | Category rank |
|---|
| 2026 (partial) | 3.8% | Q3 | #22 of 35 |
| 2025 | 5.9% | Q4 (Bottom) | #27 of 31 |
| 2024 | 7.1% | Q4 (Bottom) | #23 of 27 |
| 2023 | 6.6% | Q4 (Bottom) | #22 of 25 |
| 2022 | 3.8% | Q4 (Bottom) | #17 of 21 |