HSBC Arbitrage Fund
HSBC Mutual Fund · Arbitrage · Regular plan, growth option
NAV (₹), 1 Oct 2026
20.3721
1-day change
-0.06%
1Y return
6.0%
3Y CAGR
6.5%
5Y CAGR
n/a
Max drawdown, 5Y
n/a
NAV history month-end NAV, ₹ · 28 Nov 2022 to 1 Oct 2026
Returns vs Arbitrage median (41 schemes)
| Period | Scheme | Category median |
|---|---|---|
| 1 month | 0.2% | 0.2% |
| 3 months | 1.3% | 1.3% |
| 6 months | 2.8% | 2.9% |
| Year to date | 4.4% | 4.4% |
| 1 year | 6.0% | 6.0% |
| 3 years (CAGR) | 6.5% | 6.6% |
| 5 years (CAGR) | n/a | 6.0% |
| 7 years (CAGR) | n/a | 5.5% |
| 10 years (CAGR) | n/a | 5.7% |
| Since first NAV (CAGR) | 6.7% | – |
Rolling returns every business-day start date
| Measure | Scheme | Category median |
|---|---|---|
| 1Y rolling median | 6.9% | 6.3% |
| 3Y rolling median | 6.8% | 6.3% |
| 3Y rolling worst | 6.4% | 3.9% |
| 3Y periods positive | 100% | 100% |
| 3Y periods ahead of benchmark | n/a | n/a |
| 5Y rolling median | n/a | 5.6% |
| 5Y rolling worst | n/a | 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 | -0.26 | -0.26 |
| Sortino ratio | -0.32 | -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 | −0.3% | −0.6% |
| Maximum drawdown, last 10Y | n/a | −0.6% |
| Maximum drawdown, last 5Y | n/a | −0.5% |
| Current drawdown | −0.1% | 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 2.07% a year and the Direct plan's 1.45%, a gap of 0.62%; over the last 3 years the Direct plan returned 0.67 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 ₹13,72,660.
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 2.09% to 2.07% (AMFI TER disclosure)
Fund managers and scheme facts Scheme Summary Document via AMFI
| Fund manager | Role | Managing since |
|---|---|---|
| Praveen Ayathan | Primary | 1 Jun 2030 |
| Mahesh Chhabria | Primary | 2 Jul 2015 |
| Mohd. Asif Rizwi | Primary | 3 Feb 2001 |
Objective: The investment objective of the Scheme is to seek to generate reasonable returns by predominantly investing in arbitrage opportunities in the cash and derivatives segments of the equity markets and by investing balance in debt and money market instruments. There is no assurance that the objective of the Scheme will be realised and the Scheme does not assure or guarantee any returns.
Stated asset allocation: Equity and equity related securities and equity derivatives : 65% -90% Debt instruments in CDs, government securities with maturities upto 1 year, mutual fund units of liquid, money market or schemes having Macaulay duration less than 1 year for meeting liquidity and margin requirements : 10-35%
Benchmark (tier 1): Nifty 50 Arbitrage Index
Exit load: Any redemption / switch-out of units on or before 1 month from the date of allotment: 0.25%. If units are redeemed or switched out after 1 Month from the date of allotment: NIL
Minimum application: ₹5,000
Allotment date: 30 Jun 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 | 2.07% | 2.07% |
| AUM, whole scheme (₹ crore) | 3,633 | 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) | 6.1% | 7.3% TRI |
| Return, 3 years (AMFI) | 6.5% | 7.4% TRI |
| Return, 5 years (AMFI) | 5.9% | 6.7% TRI |
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 | 4.4% | n/a | – |
| 2025 | 6.2% | n/a | – |
| 2024 | 7.3% | n/a | – |
| 2023 | 7.1% | 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 | ₹1,23,709 | 5.8% |
| 3 years | ₹3,60,000 | ₹3,95,399 | 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
AMC: HSBC Mutual Fund
Category: Arbitrage
Plan / option: Regular · Growth
AMFI scheme code: 151134
ISIN: INF917K01QL8
First NAV in MFIC data: 28 Nov 2022
History: 3.8 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 |
|---|---|---|---|
| Bajaj Finserv Arbitrage Fund | Arbitrage | 0.98 | 6.2% |
| Nippon India Arbitrage Fund | Arbitrage | 0.98 | 6.6% |
| Edelweiss Arbitrage Fund | Arbitrage | 0.98 | 6.7% |
| Tata Arbitrage Fund | Arbitrage | 0.98 | 6.6% |
| ADITYA BIRLA SUN LIFE ARBITRAGE FUND | Arbitrage | 0.98 | 6.7% |
| DSP Arbitrage fund | Arbitrage | 0.98 | 6.5% |
Questions about HSBC Arbitrage Fund
- What is the latest NAV of HSBC Arbitrage Fund?
- The NAV of the Regular plan (growth option) was ₹20.3721 on 1 Oct 2026, as published by AMFI.
- Which category is HSBC 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 HSBC Arbitrage Fund delivered?
- Over one year the NAV changed by 6.0%. The 3-year CAGR is 6.5% (category median 6.6%). 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 6.4%, and 100% of 3-year periods ended with a gain.
- What was the largest fall in HSBC Arbitrage Fund's NAV?
- The largest peak-to-trough fall in its available history was 0.3%.
- How volatile is HSBC 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 HSBC Arbitrage Fund have grown to?
- A SIP of ₹10,000 on the first business day of each month for the last 3 years (36 instalments, ₹3,60,000 invested) would have been worth about ₹3,95,399 on 1 Oct 2026, an annualised return (XIRR) of 6.2%. 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 HSBC Arbitrage Fund?
- The total expense ratio of the Regular plan is 2.07% 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 HSBC Arbitrage Fund?
- Assets under management of the whole scheme were ₹3,633 crore on 30 Sep 2026, as published by AMFI.
- What is the riskometer level of HSBC 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 HSBC Arbitrage Fund and how has it compared?
- Its official benchmark is the Nifty 50 Arbitrage Index. Over 3 years AMFI reports a return of 6.5% for this plan against 7.4% for the benchmark total return index; over 5 years 5.9% against 6.7%. Past performance does not indicate future results.
- Who manages HSBC Arbitrage Fund?
- According to its Scheme Summary Document, HSBC Arbitrage Fund is managed by Praveen Ayathan (since 1 Jun 2030), Mahesh Chhabria (since 2 Jul 2015), Mohd. Asif Rizwi (since 3 Feb 2001).
- What is the exit load of HSBC Arbitrage Fund?
- As stated in its scheme documents: Any redemption / switch-out of units on or before 1 month from the date of allotment: 0.25%. If units are redeemed or switched out after 1 Month from the date of allotment: NIL Check the latest Scheme Information Document before investing, as loads can change.
- What is the minimum investment in HSBC Arbitrage Fund?
- The minimum application amount is ₹5,000. SIP details: SIP - 500 Daily 6; 500 Weekly 6; 500 Monthly 6; 1500 Quarterly 4; Minimum Aggregate Amount: Rs. 6,000/- in multiples of Re.1. SWP - 500 STP - 500;The minimum amount required under the source scheme for registering STP is Rs. 6,000..
- 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 6.0%. The Regular plan includes the services of a distributor.
Reviewing your own mutual fund portfolio?
Integrato's team can walk you through how your current schemes have behaved, using the same data shown here. Integrato is an AMFI-registered Mutual Fund 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 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.