ITI Arbitrage Fund
ITI Mutual Fund · Arbitrage · Direct plan, growth option
NAV (₹), 1 Oct 2026
14.6283
1-day change
0.06%
1Y return
6.5%
3Y CAGR
7.3%
5Y CAGR
6.2%
Max drawdown, 5Y
−0.6%
NAV history month-end NAV, ₹ · 12 Sep 2019 to 1 Oct 2026
Returns vs Arbitrage median (39 schemes)
| Period | Scheme | Category median |
|---|---|---|
| 1 month | 0.3% | 0.2% |
| 3 months | 1.5% | 1.5% |
| 6 months | 2.8% | 3.2% |
| Year to date | 4.7% | 4.9% |
| 1 year | 6.5% | 6.6% |
| 3 years (CAGR) | 7.3% | 7.3% |
| 5 years (CAGR) | 6.2% | 6.7% |
| 7 years (CAGR) | 5.5% | 6.2% |
| 10 years (CAGR) | n/a | 6.4% |
| Since first NAV (CAGR) | 5.5% | – |
Rolling returns every business-day start date
| Measure | Scheme | Category median |
|---|---|---|
| 1Y rolling median | 6.1% | 6.9% |
| 3Y rolling median | 5.7% | 6.7% |
| 3Y rolling worst | 3.2% | 4.5% |
| 3Y periods positive | 100% | 100% |
| 3Y periods ahead of benchmark | n/a | n/a |
| 5Y rolling median | 5.5% | 6.1% |
| 5Y rolling worst | 4.9% | 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 | 0.90 | 0.92 |
| Sortino ratio | 1.27 | 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 | n/a | −0.6% |
| Maximum drawdown, last 5Y | −0.6% | −0.4% |
| Current drawdown | −0.2% | 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.
Market context from Integrato Market Intelligence
This scheme hold only part of their money in each of these markets; the mix is set by the scheme and changes over time.
- 1Y +6.4% · 3Y +6.8% p.a. · 5Y +6.3% p.a. (index fund NAV, after costs)
- At its 52-week high (proxy NAV)
5.50%
1 Jul 2026 · −0.25 pp in a year · 5Y average 5.90%
Index levels and P/E: NSE daily index closing values; gold and silver: IBJA rates; returns: growth NAV of an index fund or ETF tracking the market (AMFI), so they are after that fund's costs. Context only: a market's level or valuation does not tell you how any scheme will perform. Explore all markets.
Direct or Regular for this scheme?
The Regular plan's expense ratio is 1.80% a year and the Direct plan's 1.10%, a gap of 0.70%; over the last 3 years the Direct plan returned 0.77 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 ₹16,13,166.
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 1.11% to 1.10% (AMFI TER disclosure)
Fund managers and scheme facts Scheme Summary Document via AMFI
| Fund manager | Role | Managing since |
|---|---|---|
| Vikas Nathani | Fund Manager | 1 Jan 2024 |
| Animesh Singh | Fund manager | 8 May 2026 |
| Laukik Bagwe | Fund manager and Head - Fixed Income | 1 Feb 2025 |
Objective: The investment objective of the Scheme is to generate income by predominantly investing in arbitrage opportunities in the cash and derivative segments of the equity markets and the arbitrage opportunities available within the derivative segment and by investing the balance in debt and money market instruments. However, there is no assurance that the investment objective of the scheme will be realized.
Stated asset allocation: Equity & and Units issued by REITs, Equity related instruments including derivatives- 65%- 100%, Debt instruments (including floating rate debt instruments and securitized debt)* with maturity up to 91 days only - 0%-35%.Under defensive circumstances, the asset allocation would be as follows Equity and Units issued by REITs, Equity related instruments including derivatives - 0%-35%, Debt instruments (including floating rate debt instruments and securitized debt)* with maturity up to 91 days only - 65%-100%
Benchmark (tier 1): Nifty 50 Arbitrage Index
Exit load: 10% of the units allotted may be redeemed without any exit load, on or before completion of 15 days from the date of allotment of units. Any redemption in excess of such limit in the first 15 days from the date of allotment shall be subject to the following exit load: i. 0.25% if redeemed or switched out on or before completion of 15 days from the date of allotment of units ii. Nil, if redeemed or switched out after completion of 15 days from the date of allotment of units.
Minimum application: ₹5,000
Allotment date: 9 Sep 2019
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 | 1.10% | 1.45% |
| AUM, whole scheme (₹ crore) | 65 | 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) | 6.5% | 7.3% TRI |
| Return, 3 years (AMFI) | 7.3% | 7.4% TRI |
| Return, 5 years (AMFI) | 6.2% | 6.7% TRI |
| Month-ends above category median (3Y CAGR) | 6% | 44% median |
| Month-ends in category top quartile (3Y) | 6% | 7% 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 | 4.7% | n/a | – |
| 2025 | 7.3% | n/a | – |
| 2024 | 8.0% | n/a | – |
| 2023 | 7.2% | n/a | – |
| 2022 | 3.2% | n/a | – |
| 2021 | 3.2% | n/a | – |
| 2020 | 3.9% | 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 | ₹1,23,934 | 6.1% |
| 3 years | ₹3,60,000 | ₹3,99,488 | 6.9% |
| 5 years | ₹6,00,000 | ₹7,13,467 | 6.9% |
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: ITI Mutual Fund
Category: Arbitrage
Plan / option: Direct · Growth
AMFI scheme code: 147617
ISIN: INF00XX01440
First NAV in MFIC data: 12 Sep 2019
History: 7.1 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 |
|---|---|---|---|
| BANK OF INDIA ARBITRAGE FUND | Arbitrage | 0.92 | 6.8% |
| Sundaram Arbitrage Fund(Formerly Known as Prinicpal Arbitrage Fund) | Arbitrage | 0.88 | 7.2% |
| JM Arbitrage Fund | Arbitrage | 0.87 | 7.0% |
| DSP Arbitrage fund | Arbitrage | 0.87 | 7.2% |
| Tata Arbitrage Fund | Arbitrage | 0.86 | 7.5% |
| Bajaj Finserv Arbitrage Fund | Arbitrage | 0.86 | 7.0% |
Questions about ITI Arbitrage Fund
- What is the latest NAV of ITI Arbitrage Fund?
- The NAV of the Direct plan (growth option) was ₹14.6283 on 1 Oct 2026, as published by AMFI.
- Which category is ITI 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 ITI Arbitrage Fund delivered?
- Over one year the NAV changed by 6.5%. The 3-year CAGR is 7.3% (category median 7.3%) and the 5-year CAGR is 6.2% (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 5.7%, the lowest was 3.2%, and 100% of 3-year periods ended with a gain.
- What was the largest fall in ITI Arbitrage Fund's NAV?
- The largest peak-to-trough fall in its available history was 0.6%; within the last five years it was 0.6% (category median 0.4%).
- How volatile is ITI 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 ITI 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 ₹7,13,467 on 1 Oct 2026, an annualised return (XIRR) of 6.9%. 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 ITI Arbitrage Fund?
- The total expense ratio of the Direct plan is 1.10% 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 ITI Arbitrage Fund?
- Assets under management of the whole scheme were ₹65 crore on 30 Sep 2026, as published by AMFI.
- What is the riskometer level of ITI 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 ITI 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 6.2% against 6.7%. Past performance does not indicate future results.
- How often has ITI Arbitrage Fund beaten its category?
- At 6% of the 49 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 6% of them. A typical scheme would show about 50%.
- Who manages ITI Arbitrage Fund?
- According to its Scheme Summary Document, ITI Arbitrage Fund is managed by Vikas Nathani (since 1 Jan 2024), Animesh Singh (since 8 May 2026), Laukik Bagwe (since 1 Feb 2025).
- What is the exit load of ITI Arbitrage Fund?
- As stated in its scheme documents: 10% of the units allotted may be redeemed without any exit load, on or before completion of 15 days from the date of allotment of units. Any redemption in excess of such limit in the first 15 days from the date of allotment shall be subject to the following exit load: i. 0.25% if redeemed or switched out on or before completion of 15 days from the date of allotment of units ii. Nil, if redeemed or switched out after completion of 15 days from the date of allotment of units. Check the latest Scheme Information Document before investing, as loads can change.
- What is the minimum investment in ITI Arbitrage Fund?
- The minimum application amount is ₹5,000. SIP details: SIP-Daily: Rs. 500/-/ Weekly and Monthly:Rs. 500/-, STP- Rs. 500/-, SWP- Rs. 1000/-.
- 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 6.5% and the Regular plan's by 5.8%. 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 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.