Axis Arbitrage Fund
Axis Mutual Fund · Arbitrage · Direct plan, growth option
NAV (₹), 1 Oct 2026
21.9794
1-day change
0.02%
1Y return
6.7%
3Y CAGR
7.4%
5Y CAGR
6.8%
Max drawdown, 5Y
−0.4%
NAV history month-end NAV, ₹ · 21 Aug 2014 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 | 6.7% | 6.6% |
| 3 years (CAGR) | 7.4% | 7.3% |
| 5 years (CAGR) | 6.8% | 6.7% |
| 7 years (CAGR) | 6.3% | 6.2% |
| 10 years (CAGR) | 6.5% | 6.4% |
| Since first NAV (CAGR) | 6.7% | – |
Rolling returns every business-day start date
| Measure | Scheme | Category median |
|---|---|---|
| 1Y rolling median | 6.9% | 6.9% |
| 3Y rolling median | 6.7% | 6.7% |
| 3Y rolling worst | 4.6% | 4.5% |
| 3Y periods positive | 100% | 100% |
| 3Y periods ahead of benchmark | n/a | n/a |
| 5Y rolling median | 6.1% | 6.1% |
| 5Y rolling worst | 5.5% | 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 | 1.01 | 0.92 |
| Sortino ratio | 1.51 | 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.
Direct or Regular for this scheme?
The Regular plan's expense ratio is 2.09% a year and the Direct plan's 1.40%, a gap of 0.69%; over the last 3 years the Direct plan returned 0.72 percentage points a year more. On a ₹25,000 monthly SIP for 20 years (illustration at 12% a year before costs) the gap adds up to about ₹15,30,696.
With the Regular plan, that cost pays a distributor to help you plan, choose and review funds, and stay invested when markets fall. Whether it is worth it depends on how much of that you will do yourself.
TER: AMFI TER disclosure. Returns: AMFI NAVs. Illustration, not a guaranteed saving or return.
Recent disclosure changes last 120 days, as disclosed via AMFI
- 1 Oct 2026: TER reduced from 1.41% to 1.40% (AMFI TER disclosure)
Fund managers and scheme facts Scheme Summary Document via AMFI
| Fund manager | Role | Managing since |
|---|---|---|
| Devang Shah | Comanage/Fixed Income | 14 Aug 2014 |
| Sachin Jain | Comanage/Fixed Income | 9 Nov 2021 |
Objective: To generate income through low volatility absolute return strategies that take advantage of opportunities in the cash and the derivative segments of the equity markets including the arbitrage opportunities available within the derivative segment, by using other derivative based strategies and by investing the balance in debt and money market instruments. However, there is no assurance or guarantee that the investment objective of the Scheme will be achieved. The Scheme does not assure or guarantee any returns.
Stated asset allocation: Equities, equity related instruments (unhedged) - (0%-10%), Equities, equity related instruments and derivatives including index futures, stock futures, index options, & stock options, etc. as part of hedged / arbitrage exposure - (65%-90%), Debt and Money market instruments (including investments in securitized debt) - (10%-35%)
Benchmark (tier 1): Nifty 50 Arbitrage Index
Exit load: If redeemed/switched out within 15 days from the date of investment/allotment: 0.25%. If redeemed/switched out after 15 days from the date of investment/allotment: Nil w.e.f. July 17, 2023
Minimum application: ₹500
Allotment date: 14 Aug 2014
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 | 1.40% | 1.45% |
| AUM, whole scheme (₹ crore) | 10,143 | 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) | 6.8% | 6.7% TRI |
| Month-ends above category median (3Y CAGR) | 86% | 44% median |
| Month-ends in category top quartile (3Y) | 47% | 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 | 7.1% | n/a | – |
| 2024 | 8.3% | n/a | – |
| 2023 | 7.7% | n/a | – |
| 2022 | 4.9% | n/a | – |
| 2021 | 4.6% | n/a | – |
| 2020 | 4.9% | n/a | – |
| 2019 | 6.6% | n/a | – |
| 2018 | 7.0% | n/a | – |
| 2017 | 6.1% | 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 1 Oct 2026
| Period | Invested | Value | XIRR |
|---|---|---|---|
| 1 year | ₹1,20,000 | ₹1,24,161 | 6.5% |
| 3 years | ₹3,60,000 | ₹4,00,072 | 7.0% |
| 5 years | ₹6,00,000 | ₹7,18,043 | 7.1% |
| 10 years | ₹12,00,000 | ₹16,78,168 | 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
AMC: Axis Mutual Fund
Category: Arbitrage
Plan / option: Direct · Growth
AMFI scheme code: 130773
ISIN: INF846K01PZ1
First NAV in MFIC data: 21 Aug 2014
History: 12.1 years
Portfolio holdings: see the scheme's monthly portfolio disclosure on the fund house website
Schemes that behaved similarly correlation of monthly returns, last 5 years
| Scheme | Category | Correlation | 3Y CAGR |
|---|---|---|---|
| Kotak Arbitrage Fund | Arbitrage | 0.99 | 7.5% |
| UTI - Arbitrage Fund | Arbitrage | 0.98 | 7.3% |
| ADITYA BIRLA SUN LIFE ARBITRAGE FUND | Arbitrage | 0.98 | 7.4% |
| BANDHAN Arbitrage Fund | Arbitrage | 0.98 | 7.3% |
| Edelweiss Arbitrage Fund | Arbitrage | 0.98 | 7.4% |
| Nippon India Arbitrage Fund | Arbitrage | 0.98 | 7.3% |
Questions about Axis Arbitrage Fund
- What is the latest NAV of Axis Arbitrage Fund?
- The NAV of the Direct plan (growth option) was ₹21.9794 on 1 Oct 2026, as published by AMFI.
- Which category is Axis 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 Axis Arbitrage Fund delivered?
- Over one year the NAV changed by 6.7%. The 3-year CAGR is 7.4% (category median 7.3%) and the 5-year CAGR is 6.8% (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 6.7%, the lowest was 4.6%, and 100% of 3-year periods ended with a gain.
- What was the largest fall in Axis 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 Axis Arbitrage Fund?
- Its annualised standard deviation of monthly returns over the last 36 months is 0.6%, which is below the Arbitrage category median of 0.6%.
- What would a monthly SIP in Axis 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 ₹7,18,043 on 1 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 Axis Arbitrage Fund?
- The total expense ratio of the Direct plan is 1.40% 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 Axis Arbitrage Fund?
- Assets under management of the whole scheme were ₹10,143 crore on 30 Sep 2026, as published by AMFI.
- What is the riskometer level of Axis 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 Axis 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 6.8% against 6.7%. Past performance does not indicate future results.
- How often has Axis Arbitrage Fund beaten its category?
- At 86% of the 110 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 47% of them. A typical scheme would show about 50%.
- Who manages Axis Arbitrage Fund?
- According to its Scheme Summary Document, Axis Arbitrage Fund is managed by Devang Shah (since 14 Aug 2014), Sachin Jain (since 9 Nov 2021).
- What is the exit load of Axis Arbitrage Fund?
- As stated in its scheme documents: If redeemed/switched out within 15 days from the date of investment/allotment: 0.25%. If redeemed/switched out after 15 days from the date of investment/allotment: Nil w.e.f. July 17, 2023 Check the latest Scheme Information Document before investing, as loads can change.
- What is the minimum investment in Axis Arbitrage Fund?
- The minimum application amount is ₹500. SIP details: SIP Daily, Weekly - 100, Monthly 100.00, SIP Yearly - 12000.00 SWP - 1000 STP - Daily, Weekly, Fortnightly, Monthly - 1000 and Quarterly 3000.00 . Choti SIP - Maximum one SIP under the facility of exactly equal to Rs. 250/- is allowed. The facility is restricted to three SIP’s across all Mutual Funds (one each in upto three Asset Management Companies)..
- 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 6.7% and the Regular plan's by 6.0%. The Regular plan includes the services of a distributor.
Reviewing your own mutual fund portfolio?
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Data & disclosure. Source: AMFI daily NAV file and historical NAVs via mfapi.in; calculations by MFIC, as of 1 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.