ICICI Prudential Arbitrage Fund
ICICI Prudential Mutual Fund · Arbitrage · Direct plan, growth option
NAV (₹), 2 Oct 2026
39.7961
1-day change
0.00%
1Y return
6.6%
3Y CAGR
7.3%
5Y CAGR
6.7%
Max drawdown, 5Y
−0.4%
NAV history month-end NAV, ₹ · 8 Jan 2013 to 1 Oct 2026
Returns vs Arbitrage median (39 schemes)
| Period | Scheme | Category median |
|---|---|---|
| 1 month | 0.2% | 0.2% |
| 3 months | 1.5% | 1.5% |
| 6 months | 3.2% | 3.2% |
| Year to date | 4.9% | 4.9% |
| 1 year | 6.6% | 6.6% |
| 3 years (CAGR) | 7.3% | 7.3% |
| 5 years (CAGR) | 6.7% | 6.7% |
| 7 years (CAGR) | 6.2% | 6.2% |
| 10 years (CAGR) | 6.3% | 6.4% |
| Since first NAV (CAGR) | 7.0% | – |
Rolling returns every business-day start date
| Measure | Scheme | Category median |
|---|---|---|
| 1Y rolling median | 6.9% | 6.9% |
| 3Y rolling median | 6.8% | 6.7% |
| 3Y rolling worst | 4.5% | 4.5% |
| 3Y periods positive | 100% | 100% |
| 3Y periods ahead of benchmark | n/a | n/a |
| 5Y rolling median | 6.2% | 6.1% |
| 5Y rolling worst | 5.4% | 5.4% |
| 5Y periods ahead of benchmark | n/a | n/a |
Benchmark: none available in MFIC's free data for this category.
Risk 36 months, monthly returns, Rf 6.5%
| Measure | Scheme | Category median |
|---|---|---|
| Standard deviation (ann.) | 0.6% | 0.6% |
| Sharpe ratio | 0.94 | 0.92 |
| Sortino ratio | 1.37 | 1.33 |
| Beta | n/a | n/a |
| Alpha (ann.) | n/a | n/a |
| Upside capture | n/a | n/a |
| Downside capture | n/a | n/a |
Drawdowns peak-to-trough falls in NAV
| Measure | Scheme | Category median |
|---|---|---|
| Maximum drawdown, full history | −0.6% | −0.6% |
| Maximum drawdown, last 10Y | −0.6% | −0.6% |
| Maximum drawdown, last 5Y | −0.4% | −0.4% |
| Current drawdown | 0.0% | 0.0% |
| Recovery time of worst fall | n/a | – |
Longer histories include more crises, so compare the 5Y and 10Y figures across schemes of different ages.
Fund managers and scheme facts Scheme Summary Document via AMFI
| Fund manager | Role | Managing since |
|---|---|---|
| Archana Nair | Comanage | 1 Feb 2024 |
| Nikhil Kabra | Comanage | 1 Jan 2021 |
| Ajaykumar Solanki | Comanage | 23 Aug 2024 |
| Darshil Dedhia | Comanage | 13 Sep 2024 |
Objective: To generate low volatility returns by using arbitrage & other derivative strategies in equity markets and investments in permitted debt instruments. However, there can be no assurance or guarantee that the investment objective of the scheme would be achieved.
Stated asset allocation: Under normal circumstances, the asset allocation of the Scheme will be as follows: • Equity & Equity related securities - 65% – 90% • Debt Instruments such as CDs, government securities with maturities up to 1 year, TREPS/ Repo in government securities, Mutual Fund units of liquid, money market or schemes having Macaulay Duration less than 1 year - 10% – 35% In defensive circumstances, the asset allocation of the Scheme will be as follows: • Equity & Equity related securities - 0 -65% • Debt Instruments such as CDs, government securities with maturities up to 1 year, TREPS/ Repo in government securities, Mutual Fund units of liquid, money market or schemes having Macaulay Duration less than…
Benchmark (tier 1): Nifty 50 Arbitrage Index
Exit load: 0.25% of the applicable NAV If units purchased or switched in from another scheme of the Fund are redeemed or switched out within 15 days from the date of allotment NIL If units purchased or switched in from another scheme of the Fund are redeemed or switched out after 15 days from the date of allotment
Minimum application: Rs. 500
Allotment date: 30 Dec 2006
Documents: Scheme Information Document · Scheme Summary Document. Read the scheme documents before investing.
Cost, size and riskometer as disclosed to AMFI
| Measure | Scheme | Category median |
|---|---|---|
| Expense ratio (TER), Direct plan | 1.63% | 1.45% |
| AUM, whole scheme (₹ crore) | 35,576 | 1,648 |
| Riskometer | Low | – |
TER: AMFI, TER of MF Schemes. AUM and riskometer: AMFI, Fund Performance, 30 Sep 2026.
Official benchmark and category consistency
| Measure | Scheme | Benchmark / category |
|---|---|---|
| Return, 1 year (AMFI) | 6.7% | 7.3% TRI |
| Return, 3 years (AMFI) | 7.3% | 7.4% TRI |
| Return, 5 years (AMFI) | 6.7% | 6.7% TRI |
| Month-ends above category median (3Y CAGR) | 59% | 44% median |
| Month-ends in category top quartile (3Y) | 8% | 7% median |
| 7Y rolling CAGR, median (monthly windows) | 6.2% | 6.2% median |
Official benchmark: Nifty 50 Arbitrage Index (total return index, as published by AMFI). Category consistency: last 10 years of month-ends, Arbitrage Direct plans; how it is calculated.
Calendar-year returns NAV change from 31 Dec to 31 Dec
| Year | Scheme | Benchmark | Difference |
|---|---|---|---|
| 2026 YTD | 4.9% | n/a | – |
| 2025 | 7.0% | n/a | – |
| 2024 | 8.2% | n/a | – |
| 2023 | 7.8% | n/a | – |
| 2022 | 4.8% | n/a | – |
| 2021 | 4.4% | n/a | – |
| 2020 | 4.8% | n/a | – |
| 2019 | 6.6% | n/a | – |
| 2018 | 6.9% | n/a | – |
| 2017 | 6.2% | n/a | – |
No free benchmark proxy for this category. The first year starts from the first 31 December in the scheme's history.
Monthly SIP of ₹10,000 first business day of each month, ending 2 Oct 2026
| Period | Invested | Value | XIRR |
|---|---|---|---|
| 1 year | ₹1,20,000 | ₹1,24,144 | 6.5% |
| 3 years | ₹3,60,000 | ₹3,99,852 | 6.9% |
| 5 years | ₹6,00,000 | ₹7,17,707 | 7.1% |
| 10 years | ₹12,00,000 | ₹16,72,682 | 6.5% |
Uses this plan's NAVs; ignores stamp duty, exit loads and taxes. One historical path only — the interactive SIP analyzer shows outcomes across every start date.
Scheme facts
Category: Arbitrage
Plan / option: Direct · Growth
AMFI scheme code: 120364
ISIN: INF109K016O4
First NAV in MFIC data: 8 Jan 2013
History: 13.7 years
Expense ratio, AUM, portfolio: see the scheme's factsheet
Schemes that behaved similarly correlation of monthly returns, last 5 years
| Scheme | Category | Correlation | 3Y CAGR |
|---|---|---|---|
| Edelweiss Arbitrage Fund | Arbitrage | 0.98 | 7.4% |
| ADITYA BIRLA SUN LIFE ARBITRAGE FUND | Arbitrage | 0.98 | 7.4% |
| Nippon India Arbitrage Fund | Arbitrage | 0.98 | 7.3% |
| Tata Arbitrage Fund | Arbitrage | 0.98 | 7.5% |
| DSP Arbitrage fund | Arbitrage | 0.98 | 7.2% |
| UTI - Arbitrage Fund | Arbitrage | 0.98 | 7.3% |
Questions about ICICI Prudential Arbitrage Fund
- What is the latest NAV of ICICI Prudential Arbitrage Fund?
- The NAV of the Direct plan (growth option) was ₹39.7961 on 2 Oct 2026, as published by AMFI.
- Which category is ICICI Prudential Arbitrage Fund in?
- It is classified as Arbitrage in AMFI's daily NAV file; a Arbitrage scheme holds largely hedged equity arbitrage positions. MFIC compares it with 39 Arbitrage schemes (Direct plans).
- What returns has ICICI Prudential Arbitrage Fund delivered?
- Over one year the NAV changed by 6.6%. The 3-year CAGR is 7.3% (category median 7.3%) and the 5-year CAGR is 6.7% (category median 6.7%). Returns are after expenses and before tax. Past performance may or may not be sustained in future.
- How consistent have its 3-year returns been?
- Measuring a 3-year CAGR from every business day in its history, the median was 6.8%, the lowest was 4.5%, and 100% of 3-year periods ended with a gain.
- What was the largest fall in ICICI Prudential Arbitrage Fund's NAV?
- The largest peak-to-trough fall in its available history was 0.6%; within the last five years it was 0.4% (category median 0.4%).
- How volatile is ICICI Prudential Arbitrage Fund?
- Its annualised standard deviation of monthly returns over the last 36 months is 0.6%, which is above the Arbitrage category median of 0.6%.
- What would a monthly SIP in ICICI Prudential Arbitrage Fund have grown to?
- A SIP of ₹10,000 on the first business day of each month for the last 5 years (60 instalments, ₹6,00,000 invested) would have been worth about ₹7,17,707 on 2 Oct 2026, an annualised return (XIRR) of 7.1%. This uses the Direct plan's NAVs, ignores taxes and exit loads, and past performance may or may not be sustained in future.
- What is the expense ratio (TER) of ICICI Prudential Arbitrage Fund?
- The total expense ratio of the Direct plan is 1.63% a year, as disclosed to AMFI (median of Arbitrage Direct plans: 1.45%). It is already deducted from the NAV, so every return shown is after expenses.
- How large is ICICI Prudential Arbitrage Fund?
- Assets under management of the whole scheme were ₹35,576 crore on 30 Sep 2026, as published by AMFI.
- What is the riskometer level of ICICI Prudential Arbitrage Fund?
- AMFI lists the scheme's riskometer as “Low”, and its benchmark's as “Low”. The riskometer is a label of potential risk set under SEBI rules, not a forecast.
- What is the benchmark of ICICI Prudential Arbitrage Fund and how has it compared?
- Its official benchmark is the Nifty 50 Arbitrage Index. Over 3 years AMFI reports a return of 7.3% for this plan against 7.4% for the benchmark total return index; over 5 years 6.7% against 6.7%. Past performance does not indicate future results.
- How often has ICICI Prudential Arbitrage Fund beaten its category?
- At 59% of the 120 month-ends compared over the last 10 years, its 3-year return was above the median of Arbitrage schemes (Direct plans); it was in the top quarter at 8% of them. A typical scheme would show about 50%.
- Who manages ICICI Prudential Arbitrage Fund?
- According to its Scheme Summary Document, ICICI Prudential Arbitrage Fund is managed by Archana Nair (since 1 Feb 2024), Nikhil Kabra (since 1 Jan 2021), Ajaykumar Solanki (since 23 Aug 2024), Darshil Dedhia (since 13 Sep 2024).
- What is the exit load of ICICI Prudential Arbitrage Fund?
- As stated in its scheme documents: 0.25% of the applicable NAV If units purchased or switched in from another scheme of the Fund are redeemed or switched out within 15 days from the date of allotment NIL If units purchased or switched in from another scheme of the Fund are redeemed or switched out after 15 days from the date of allotment Check the latest Scheme Information Document before investing, as loads can change.
- What is the minimum investment in ICICI Prudential Arbitrage Fund?
- The minimum application amount is Rs. 500.
- What is the difference between the Direct and Regular plans?
- Both plans hold the same portfolio; the Regular plan includes distribution costs in its expense ratio. Over one year the Direct plan's NAV changed by 6.6% and the Regular plan's by 6.1%. The Regular plan includes the services of a distributor.
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Data & disclosure. Source: AMFI daily NAV file and historical NAVs via mfapi.in; calculations by MFIC, as of 2 Oct 2026. Category medians use Direct plans in the same AMFI category. 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 to buy, sell or hold any scheme. Integrato Financial Services Pvt. Ltd. is an AMFI-registered Mutual Fund Distributor (ARN-173155). Methodology.