SBI Arbitrage Opp Fund
The scheme will invest 65 to 85 per cent of its assets in equities and equity derivatives and the rest in debt and money market instruments. It will invest in stocks and would offset its investment in stocks by simultaneous equivalent investment in equity derivatives.
Growthvine rating: 4/5 — ranked #9 of 38 in category.
Fund basics
| Category | Hybrid: Arbitrage |
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| NAV | ₹36.16 (as of 2026-08-21) |
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| AUM | ₹45,923 Cr |
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| Expense ratio | 0.77% |
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| Riskometer | Low |
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| Fund manager | Neeraj Kumar |
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| Exit load | 0.25% for redemption within 15 days |
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Performance & risk
| 5-year annualised return | 6.36% |
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| Sharpe ratio | 1.91 |
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| Standard deviation | 0.50% |
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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 27.7% of NIFTY Multi Asset - Equity : Arbitrage : REITs/InvITs (50:40:10) Index's upside and -26.4% 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 | 175 |
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Top holdings
- Net Receivables/Payables (FnO) — 72.6%
- SBI Savings Fund - Direct Plan - Growth Option — 12.6%
- HDFC Bank Ltd. — 4.5%
- Reliance Industries Ltd — 3.6%
- State Bank Of India — 3.3%
- SBI Low Duration Fund - Direct Plan - Growth Option — 2.8%
- SBI Liquid Fund - Direct Plan - Growth Option — 2.7%
- ICICI Bank Ltd. — 2.7%
- AXIS Bank Ltd. — 1.8%
- Bajaj Finance Limited — 1.8%
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% | Q1 (Top) | #9 of 35 |
| 2025 | 6.5% | Q1 (Top) | #4 of 31 |
| 2024 | 7.5% | Q2 | #9 of 27 |
| 2023 | 7.4% | Q1 (Top) | #1 of 25 |
| 2022 | 4.6% | Q1 (Top) | #2 of 21 |