PGIM India Arbitrage Fund
PGIM India Mutual Fund · Arbitrage · Regular plan, growth option
NAV (₹), 1 Oct 2026
21.1775
1-day change
0.05%
1Y return
6.5%
3Y CAGR
7.1%
5Y CAGR
6.5%
Max drawdown, 5Y
−0.5%
NAV history month-end NAV, ₹ · 8 Mar 2016 to 1 Oct 2026
Returns vs Arbitrage median (41 schemes)
| Period | Scheme | Category median |
|---|---|---|
| 1 month | 0.3% | 0.2% |
| 3 months | 1.5% | 1.3% |
| 6 months | 3.2% | 2.9% |
| Year to date | 4.9% | 4.4% |
| 1 year | 6.5% | 6.0% |
| 3 years (CAGR) | 7.1% | 6.6% |
| 5 years (CAGR) | 6.5% | 6.0% |
| 7 years (CAGR) | 5.9% | 5.5% |
| 10 years (CAGR) | 6.1% | 5.7% |
| Since first NAV (CAGR) | 6.1% | – |
Rolling returns every business-day start date
| Measure | Scheme | Category median |
|---|---|---|
| 1Y rolling median | 6.4% | 6.3% |
| 3Y rolling median | 5.9% | 6.3% |
| 3Y rolling worst | 4.3% | 3.9% |
| 3Y periods positive | 100% | 100% |
| 3Y periods ahead of benchmark | n/a | n/a |
| 5Y rolling median | 5.6% | 5.6% |
| 5Y rolling worst | 5.1% | 4.8% |
| 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 | 0.59 | -0.26 |
| Sortino ratio | 0.85 | -0.32 |
| 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 | −0.7% | −0.6% |
| Maximum drawdown, last 10Y | −0.7% | −0.6% |
| Maximum drawdown, last 5Y | −0.5% | −0.5% |
| 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.
Recent disclosure changes last 120 days, as disclosed via AMFI
- 1 Oct 2026: TER reduced from 1.93% to 1.90% (AMFI TER disclosure)
- 16 Sep 2026: TER reduced from 1.94% to 1.93% (AMFI TER disclosure)
- 9 Sep 2026: TER increased from 1.93% to 1.94% (AMFI TER disclosure)
- 3 Sep 2026: TER reduced from 1.94% to 1.93% (AMFI TER disclosure)
Fund managers and scheme facts Scheme Summary Document via AMFI
| Fund manager | Role | Managing since |
|---|---|---|
| Chetan Chavan | 29 Mar 2024 | |
| Puneet Pal | 22 Apr 2022 |
Objective: To generate income by investing in arbitrage opportunities that potentially exist between the cash and derivatives market as well as within the derivatives segment of the market. Investments may also be made in debt & money market instruments. However, there is no assurance or guarantee that the investment objective of the Scheme will be achieved. The Scheme does not guarantee/ indicate any returns.
Stated asset allocation: Equity and Equity related instruments including Index and stock derivatives- Min 65 % and Max 100% Certificate of Deposits, Government Securities, Mutual fund units of liquid, money market - Min 0 % and Max 35 % Gold ETFs & Silver ETFs - Min 0% and Max 25% Exchange Traded Commodity Derivatives (ETCDs) related to Gold and Silver - Min 0% and Max 10%
Benchmark (tier 1): Nifty 50 Arbitrage TR Index
Exit load: • For exits within 30 days from the date of allotment of units: 0.25% • For exits beyond 30 days from the date of allotment of units: Nil
Minimum application: Rs. 5000
Allotment date: 27 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), Regular plan | 1.90% | 2.07% |
| AUM, whole scheme (₹ crore) | 98 | 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) | 5.8% | 7.3% TRI |
| Return, 3 years (AMFI) | 6.3% | 7.4% TRI |
| Return, 5 years (AMFI) | 5.7% | 6.7% TRI |
| Month-ends above category median (3Y CAGR) | 100% | 26% median |
| Month-ends in category top quartile (3Y) | 100% | 0% median |
| 7Y rolling CAGR, median (monthly windows) | 5.8% | 5.7% median |
Official benchmark: Nifty 50 Arbitrage Index (total return index, as published by AMFI). Category consistency: last 10 years of month-ends, Arbitrage Regular 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 | 6.7% | n/a | – |
| 2024 | 7.8% | n/a | – |
| 2023 | 7.4% | n/a | – |
| 2022 | 4.5% | n/a | – |
| 2021 | 4.2% | n/a | – |
| 2020 | 4.5% | n/a | – |
| 2019 | 6.4% | n/a | – |
| 2018 | 6.2% | n/a | – |
| 2017 | 6.5% | 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 | ₹1,24,096 | 6.4% |
| 3 years | ₹3,60,000 | ₹3,98,644 | 6.7% |
| 5 years | ₹6,00,000 | ₹7,13,002 | 6.8% |
| 10 years | ₹12,00,000 | ₹16,49,538 | 6.2% |
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: Regular · Growth
AMFI scheme code: 138875
ISIN: INF223J013N7
First NAV in MFIC data: 8 Mar 2016
History: 10.6 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 |
|---|---|---|---|
| PGIM India Arbitrage Fund | Arbitrage | 1.00 | 6.3% |
| UTI - Arbitrage Fund | Arbitrage | 0.93 | 6.8% |
| BANDHAN Arbitrage Fund | Arbitrage | 0.93 | 6.5% |
| ADITYA BIRLA SUN LIFE ARBITRAGE FUND | Arbitrage | 0.93 | 6.7% |
| LIC MF Arbitrage Fund | Arbitrage | 0.93 | 6.4% |
| Edelweiss Arbitrage Fund | Arbitrage | 0.93 | 6.7% |
Questions about PGIM India Arbitrage Fund
- What is the latest NAV of PGIM India Arbitrage Fund?
- The NAV of the Regular plan (growth option) was ₹21.1775 on 1 Oct 2026, as published by AMFI.
- Which category is PGIM India 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 41 Arbitrage schemes (Regular plans).
- What returns has PGIM India Arbitrage Fund delivered?
- Over one year the NAV changed by 6.5%. The 3-year CAGR is 7.1% (category median 6.6%) and the 5-year CAGR is 6.5% (category median 6.0%). 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 5.9%, the lowest was 4.3%, and 100% of 3-year periods ended with a gain.
- What was the largest fall in PGIM India Arbitrage Fund's NAV?
- The largest peak-to-trough fall in its available history was 0.7%; within the last five years it was 0.5% (category median 0.5%).
- How volatile is PGIM India 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 PGIM India 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 ₹7,13,002 on 1 Oct 2026, an annualised return (XIRR) of 6.8%. This uses the Regular 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 PGIM India Arbitrage Fund?
- The total expense ratio of the Regular plan is 1.90% a year, as disclosed to AMFI (median of Arbitrage Regular plans: 2.07%). It is already deducted from the NAV, so every return shown is after expenses.
- How large is PGIM India Arbitrage Fund?
- Assets under management of the whole scheme were ₹98 crore on 30 Sep 2026, as published by AMFI.
- What is the riskometer level of PGIM India 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 PGIM India Arbitrage Fund and how has it compared?
- Its official benchmark is the Nifty 50 Arbitrage Index. Over 3 years AMFI reports a return of 6.3% for this plan against 7.4% for the benchmark total return index; over 5 years 5.7% against 6.7%. Past performance does not indicate future results.
- How often has PGIM India Arbitrage Fund beaten its category?
- At 100% of the 91 month-ends compared over the last 10 years, its 3-year return was above the median of Arbitrage schemes (Regular plans); it was in the top quarter at 100% of them. A typical scheme would show about 50%.
- Who manages PGIM India Arbitrage Fund?
- According to its Scheme Summary Document, PGIM India Arbitrage Fund is managed by Chetan Chavan (since 29 Mar 2024), Puneet Pal (since 22 Apr 2022).
- What is the exit load of PGIM India Arbitrage Fund?
- As stated in its scheme documents: • For exits within 30 days from the date of allotment of units: 0.25% • For exits beyond 30 days from the date of allotment of units: Nil Check the latest Scheme Information Document before investing, as loads can change.
- What is the minimum investment in PGIM India Arbitrage Fund?
- The minimum application amount is Rs. 5000. SIP details: SIP - Monthly/Quarterly : 1000, SWP - Monthly/ Quartely/ Annually : 1000, STP -Daily/Weekly/Monthly/Quarterly :1000.
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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 Regular 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.