Tata Arbitrage Fund
The Scheme seeks to generate reasonable returns by investing predominantly in arbitrage opportunities in the cash and derivatives segments of the equity markets and by investing balance in debt and money market instruments.
Growthvine rating: 4/5 — ranked #5 of 38 in category.
Fund basics
| Category | Hybrid: Arbitrage |
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| NAV | ₹15.35 (as of 2026-08-21) |
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| AUM | ₹24,026 Cr |
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| Expense ratio | 0.91% |
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| Riskometer | Low |
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| Fund manager | Sailesh Jain |
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| Exit load | 0.25% for redemption within 15 days |
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Performance & risk
| 5-year annualised return | 6.03% |
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| Sharpe ratio | 1.73 |
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| Standard deviation | 0.51% |
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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 27.6% of NIFTY Multi Asset - Equity : Arbitrage : REITs/InvITs (50:40:10) Index's upside and -25.7% 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 | 137 |
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Top holdings
- Net Receivables/Payables (FnO) — 66.4%
- TATA MONEY MARKET FUND — 11.8%
- HDFC Bank Ltd. — 5.6%
- AXIS Bank Ltd. — 2.4%
- Reliance Industries Ltd — 2.1%
- Bharti Airtel Ltd. — 2.1%
- SMALL INDUST DEVLOP BANK OF INDIA CD 23/10/2026 — 2.0%
- Jio Financial Services Limited — 1.6%
- Kotak Mahindra Bank Ltd. — 1.5%
- Hindustan Unilever Ltd. — 1.5%
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) | 3.8% | Q3 | #20 of 35 |
| 2025 | 6.4% | Q1 (Top) | #8 of 31 |
| 2024 | 7.5% | Q2 | #12 of 27 |
| 2023 | 7.1% | Q2 | #13 of 25 |
| 2022 | 4.0% | Q3 | #15 of 21 |