Arbitrage mutual funds
At least 65% in equity arbitrage positions that are largely hedged. This page lists every Arbitrage scheme (Direct plan, growth option) with its returns, rolling-return consistency and risk, calculated from AMFI NAVs as of 2 Oct 2026.
Schemes
39
Category AUM (AMFI, August 2026)
₹3.02 lakh cr
Net inflow in August
₹3,789 cr
Median 1Y return
6.6%
Median 3Y CAGR
7.3%
Median 5Y CAGR
6.7%
Median 3Y rolling
6.7%
Median max DD 5Y
−0.4%
Category AUM and net inflow cover all plans and options of the 40 Arbitrage Fund schemes in AMFI's monthly report for August 2026 (source); net inflow is money invested minus money redeemed during the month.
Arbitrage: money in the category AMFI monthly reports, Jul 2025 to Aug 2026
Category AUM (₹ crore, month-end)
Net inflow by month (₹ crore; green in, red out)
| Net inflow, last 12 months | ₹27,188 cr |
| AUM change, last 12 months | +16.7% (includes market movement, not only flows) |
| Folios, change over 12 months | 936,561 (+37.4%) |
| Schemes in AMFI's report | 32 → 40 |
All plans and options of Arbitrage Fund schemes, from AMFI's monthly report. Flows describe investor behaviour in aggregate; they are not a signal about any scheme.
Arbitrage schemes, Direct plans alphabetical · 39 schemes
| Scheme | NAV (₹) | AUM (₹ cr) | TER | 1Y | 3Y CAGR | 5Y CAGR | 3Y rolling median | 3Y rolling worst | 3Y beat-rate | Std dev | Max DD 5Y | History |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ADITYA BIRLA SUN LIFE ARBITRAGE FUND Aditya Birla Sun Life Mutual Fund | 31.01 | 26,933 | n/a | 6.7% | 7.4% | 6.8% | 6.7% | 4.5% | n/a | 0.6% | −0.5% | 13.7 y |
| Axis Arbitrage Fund Axis Mutual Fund | 21.98 | 10,143 | 1.40% | 6.7% | 7.4% | 6.8% | 6.7% | 4.6% | n/a | 0.6% | −0.4% | 12.1 y |
| Bajaj Finserv Arbitrage Fund Bajaj Finserv Mutual Fund | 12.28 | 1,375 | 1.30% | 6.5% | 7.0% | n/a | n/a | n/a | n/a | 0.6% | n/a | 3.0 y |
| BANDHAN Arbitrage Fund Bandhan Mutual Fund | 37.93 | 7,734 | n/a | 6.5% | 7.3% | 6.7% | 6.8% | 4.4% | n/a | 0.6% | −0.4% | 13.7 y |
| BANK OF INDIA ARBITRAGE FUND Bank of India Mutual Fund | 15.49 | 111 | 2.15% | 6.2% | 6.8% | 5.9% | 4.8% | 3.2% | n/a | 0.6% | −0.4% | 8.3 y |
| BARODA BNP PARIBAS ARBITRAGE FUND Baroda BNP Paribas Mutual Fund | 18.31 | 1,015 | 1.47% | 6.3% | 7.2% | n/a | 7.6% | 7.0% | n/a | 0.6% | n/a | 4.6 y |
| Capitalmind Arbitrage Fund Capitalmind Mutual Fund | 10.32 | 23 | 1.18% | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | 0.5 y |
| DSP Arbitrage fund DSP Mutual Fund | 16.90 | 6,720 | n/a | 6.5% | 7.2% | 6.6% | 5.8% | 4.3% | n/a | 0.6% | −0.4% | 8.7 y |
| Edelweiss Arbitrage Fund Edelweiss Mutual Fund | 22.51 | 14,250 | n/a | 6.7% | 7.4% | 6.9% | 6.8% | 4.8% | n/a | 0.6% | −0.4% | 12.3 y |
| Franklin India Arbitrage Fund Franklin Templeton Mutual Fund | 11.35 | 1,921 | 1.20% | 7.1% | n/a | n/a | n/a | n/a | n/a | n/a | n/a | 1.9 y |
| Groww Arbitrage Fund Groww Mutual Fund | 10.27 | 70 | 1.86% | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | 0.4 y |
| HDFC Arbitrage Fund HDFC Mutual Fund | 21.82 | 25,407 | n/a | 6.6% | 7.3% | 6.7% | 6.3% | 4.2% | n/a | 0.6% | −0.8% | 12.5 y |
| Helios Arbitrage Fund Helios Mutual Fund | 10.31 | 133 | 1.76% | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | 0.5 y |
| HSBC Arbitrage Fund HSBC Mutual Fund | 21.96 | 3,633 | 1.45% | 6.5% | 7.2% | n/a | 7.5% | 7.1% | n/a | 0.6% | n/a | 3.8 y |
| ICICI Prudential Arbitrage Fund ICICI Prudential Mutual Fund | 39.80 | 35,576 | n/a | 6.6% | 7.3% | 6.7% | 6.8% | 4.5% | n/a | 0.6% | −0.4% | 13.7 y |
| Invesco India Arbitrage Fund Invesco Mutual Fund | 37.43 | 30,282 | 2.20% | 6.9% | 7.5% | 7.1% | 6.6% | 4.8% | n/a | 0.6% | −0.4% | 13.7 y |
| ITI Arbitrage Fund ITI Mutual Fund | 14.63 | 65 | 1.10% | 6.5% | 7.3% | 6.2% | 5.7% | 3.2% | n/a | 0.6% | −0.6% | 7.1 y |
| JioBlackRock Arbitrage Fund Jio BlackRock Mutual Fund | 10.55 | 558 | 1.99% | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | 0.8 y |
| JM Arbitrage Fund JM Financial Mutual Fund | 37.49 | 339 | 1.41% | 6.3% | 7.0% | 6.4% | 6.2% | 3.4% | n/a | 0.6% | −0.5% | 13.7 y |
| Kotak Arbitrage Fund Kotak Mahindra Mutual Fund | 43.37 | 75,842 | n/a | 6.7% | 7.5% | 6.9% | 6.8% | 4.7% | n/a | 0.6% | −0.5% | 13.7 y |
| LIC MF Arbitrage Fund LIC Mutual Fund | 15.63 | 305 | 1.04% | 6.7% | 7.1% | 6.6% | 6.1% | 4.2% | n/a | 0.5% | −0.4% | 7.7 y |
| Mahindra Manulife Arbitrage Fund Mahindra Manulife Mutual Fund | 13.82 | 138 | n/a | 6.3% | 6.4% | 5.8% | 6.1% | 4.4% | n/a | 0.5% | −0.5% | 6.1 y |
| Mirae Asset Arbitrage Fund Mirae Asset Mutual Fund | 14.63 | 3,571 | 2.48% | 6.8% | 7.4% | 6.8% | 7.1% | 4.9% | n/a | 0.6% | −0.4% | 6.3 y |
| Motilal Oswal Arbitrage Fund Motilal Oswal Mutual Fund | 11.31 | 3,434 | 0.99% | 7.0% | n/a | n/a | n/a | n/a | n/a | n/a | n/a | 1.8 y |
| Nippon India Arbitrage Fund Nippon India Mutual Fund | 31.05 | 17,216 | n/a | 6.7% | 7.3% | 6.8% | 6.9% | 4.6% | n/a | 0.6% | −0.5% | 13.7 y |
| NJ Arbitrage Fund NJ Mutual Fund | 13.17 | 234 | n/a | 6.2% | 6.8% | n/a | 7.1% | 6.7% | n/a | 0.8% | n/a | 4.2 y |
| Old Bridge Arbitrage Fund Old Bridge Mutual Fund | 10.57 | n/a | 1.09% | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | 0.9 y |
| Parag Parikh Arbitrage Fund PPFAS Mutual Fund | 12.17 | 2,750 | 0.99% | 6.5% | n/a | n/a | n/a | n/a | n/a | n/a | n/a | 2.9 y |
| quant Arbitrage Fund quant Mutual Fund | 11.12 | 1,004 | 1.60% | 7.6% | n/a | n/a | n/a | n/a | n/a | n/a | n/a | 1.5 y |
| Samco Arbitrage Fund Samco Mutual Fund | 10.98 | 26 | 1.09% | 5.1% | n/a | n/a | n/a | n/a | n/a | n/a | n/a | 1.8 y |
| SBI Arbitrage Fund SBI Mutual Fund | 38.86 | 46,309 | n/a | 6.5% | 7.3% | 6.9% | 6.6% | 4.3% | n/a | 0.6% | −0.5% | 13.7 y |
| Sundaram Arbitrage Fund(Formerly Known as Prinicpal Arbitrage Fund) Sundaram Mutual Fund | 16.51 | 539 | n/a | 6.8% | 7.2% | n/a | 7.4% | 6.5% | n/a | 0.6% | n/a | 4.7 y |
| Tata Arbitrage Fund Tata Mutual Fund | 16.38 | 24,539 | n/a | 6.8% | 7.5% | 6.9% | 6.3% | 4.8% | n/a | 0.6% | −0.4% | 7.8 y |
| The Wealth Company Arbitrage Fund The Wealth Company Mutual Fund | 10.62 | 138 | 1.50% | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | 1.0 y |
| TRUSTMF ARBITRAGE FUND Trust Mutual Fund | 10.70 | 138 | 1.42% | 6.5% | n/a | n/a | n/a | n/a | n/a | n/a | n/a | 1.1 y |
| Union Arbitrage Fund Union Mutual Fund | 15.70 | 220 | 1.61% | 6.6% | 7.2% | 6.5% | 6.1% | 4.2% | n/a | 0.6% | −0.6% | 7.6 y |
| UTI - Arbitrage Fund UTI Mutual Fund | 40.34 | 10,900 | 1.26% | 6.6% | 7.3% | 6.7% | 6.7% | 4.5% | n/a | 0.6% | −0.4% | 13.7 y |
| WhiteOak Capital Arbitrage Fund WhiteOak Capital Mutual Fund | 11.56 | 2,623 | 2.35% | 7.1% | n/a | n/a | n/a | n/a | n/a | n/a | n/a | 2.1 y |
| Zerodha Arbitrage Fund Zerodha Mutual Fund | 10.07 | 47 | 2.31% | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | 0.1 y |
Returns are from NAVs (after expenses, before tax); 3Y and 5Y are annualised. Rolling figures use every business-day start date in the scheme's history; beat-rate is the share of 3-year windows ahead of a benchmark — not available for this category in MFIC's free data. Std dev is annualised over 36 months. AUM is the whole scheme (all plans) and TER is for the plan shown, both as disclosed to AMFI. "n/a" means the scheme's history is too short or the data is still loading. Listed alphabetically; no order of preference is implied. Full definitions: MFIC methodology.
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Data & disclosure. Source: AMFI daily NAV file (portal.amfiindia.com) and historical NAVs via mfapi.in; calculations by MFIC. Data as of 2 Oct 2026. Mutual fund investments are subject to market risks; read all scheme-related documents carefully. Past performance may or may not be sustained in future. This page is for research and education only and is not investment advice or a recommendation. Integrato Financial Services Pvt. Ltd. is an AMFI-registered Mutual Fund Distributor (ARN-173155).