Parag Parikh Arbitrage Fund
PPFAS Mutual Fund · Arbitrage · Direct plan, growth option
NAV (₹), 1 Oct 2026
12.1736
1-day change
0.04%
1Y return
6.5%
3Y CAGR
n/a
5Y CAGR
n/a
Max drawdown, 5Y
n/a
NAV history month-end NAV, ₹ · 3 Nov 2023 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 | 3.1% | 3.2% |
| Year to date | 4.7% | 4.9% |
| 1 year | 6.5% | 6.6% |
| 3 years (CAGR) | n/a | 7.3% |
| 5 years (CAGR) | n/a | 6.7% |
| 7 years (CAGR) | n/a | 6.2% |
| 10 years (CAGR) | n/a | 6.4% |
| Since first NAV (CAGR) | 6.9% | – |
Rolling returns every business-day start date
| Measure | Scheme | Category median |
|---|---|---|
| 1Y rolling median | 6.7% | 6.9% |
| 3Y rolling median | n/a | 6.7% |
| 3Y rolling worst | n/a | 4.5% |
| 3Y periods positive | n/a | 100% |
| 3Y periods ahead of benchmark | n/a | n/a |
| 5Y rolling median | n/a | 6.1% |
| 5Y rolling worst | n/a | 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.) | n/a | 0.6% |
| Sharpe ratio | n/a | 0.92 |
| Sortino ratio | n/a | 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 | n/a | −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 1.39% a year and the Direct plan's 0.99%, a gap of 0.40%. On a ₹25,000 monthly SIP for 20 years (illustration at 12% a year before costs) the gap adds up to about ₹9,53,058.
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.
Fund managers and scheme facts Scheme Summary Document via AMFI
| Fund manager | Role | Managing since |
|---|---|---|
| Rajeev Thakkar | 2 Nov 2023 | |
| Raunak Onkar | 2 Nov 2023 | |
| Rukun Tarachandani | 2 Nov 2023 | |
| Raj Mehta | 1 Sep 2025 | |
| Tejas Soman | 1 Sep 2025 | |
| Aishwarya Dhar | 1 Sep 2025 |
Objective: The investment objective of the scheme is to generate capital appreciation and income by predominantly investing in arbitrage opportunities in the cash and derivatives segment of the equity market, 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 and the Scheme does not assure or guarantee any returns.
Stated asset allocation: Equities & Equity derivatives (Equity Hedged exposure): 65% - 100% Certificate of Deposits and Government securities with maturities upto 1 year, Units of Domestic mutual fund schemes and Overnight debt securities, Gold and Silver ETFs/ ETCDs: 0% - 35% “For detailed asset allocation, please refer to the Scheme Information Document (SID) available on the website.”
Benchmark (tier 1): NIFTY 50 Arbitrage Total Return Index (TRI)
Exit load: In respect of each purchase / switch-in of units, an Exit Load of 0.25% is payable if Units are redeemed/ switched-out within 30 days from the date of allotment. No Exit Load is payable if Units are redeemed / switched-out after 30 days from the date of allotment. Any exit load charged (net off GST, if any) shall be credited back to the Scheme.
Minimum application: ₹1,000
Allotment date: 2 Nov 2023
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 | 0.99% | 1.45% |
| AUM, whole scheme (₹ crore) | 2,750 | 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 |
Official benchmark: Nifty 50 Arbitrage TRI (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 | 6.6% | n/a | – |
| 2024 | 7.8% | 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 | ₹1,23,996 | 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: PPFAS Mutual Fund
Category: Arbitrage
Plan / option: Direct · Growth
AMFI scheme code: 152109
ISIN: INF879O01225
First NAV in MFIC data: 3 Nov 2023
History: 2.9 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 | 0.97 | 7.5% |
| Invesco India Arbitrage Fund | Arbitrage | 0.97 | 7.5% |
| HDFC Arbitrage Fund | Arbitrage | 0.96 | 7.3% |
| Mahindra Manulife Arbitrage Fund | Arbitrage | 0.96 | 6.4% |
| Axis Arbitrage Fund | Arbitrage | 0.96 | 7.4% |
| UTI - Arbitrage Fund | Arbitrage | 0.96 | 7.3% |
Questions about Parag Parikh Arbitrage Fund
- What is the latest NAV of Parag Parikh Arbitrage Fund?
- The NAV of the Direct plan (growth option) was ₹12.1736 on 1 Oct 2026, as published by AMFI.
- Which category is Parag Parikh 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 was the largest fall in Parag Parikh Arbitrage Fund's NAV?
- The largest peak-to-trough fall in its available history was 0.6%.
- What is the expense ratio (TER) of Parag Parikh Arbitrage Fund?
- The total expense ratio of the Direct plan is 0.99% 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 Parag Parikh Arbitrage Fund?
- Assets under management of the whole scheme were ₹2,750 crore on 30 Sep 2026, as published by AMFI.
- What is the riskometer level of Parag Parikh 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.
- Who manages Parag Parikh Arbitrage Fund?
- According to its Scheme Summary Document, Parag Parikh Arbitrage Fund is managed by Rajeev Thakkar (since 2 Nov 2023), Raunak Onkar (since 2 Nov 2023), Rukun Tarachandani (since 2 Nov 2023), Raj Mehta (since 1 Sep 2025), Tejas Soman (since 1 Sep 2025), Aishwarya Dhar (since 1 Sep 2025).
- What is the exit load of Parag Parikh Arbitrage Fund?
- As stated in its scheme documents: In respect of each purchase / switch-in of units, an Exit Load of 0.25% is payable if Units are redeemed/ switched-out within 30 days from the date of allotment. No Exit Load is payable if Units are redeemed / switched-out after 30 days from the date of allotment. Any exit load charged (net off GST, if any) shall be credited back to the Scheme. Check the latest Scheme Information Document before investing, as loads can change.
- What is the minimum investment in Parag Parikh Arbitrage Fund?
- The minimum application amount is ₹1,000. SIP details: SIP - Monthly: 1000 /Quarterly : 3000, SWP - Monthly : 1000, STP -Daily/Weekly/Monthly: 1000 Fortnightly:1500 /Quarterly : 3000.
- 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 6.1%. 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.
Follow Parag Parikh Arbitrage Fund by email
Every Monday: this scheme's NAV, 1-month and 1-year return beside its category median, 3-year CAGR and how far it is below its peak. Add more schemes from their pages or from your MFIC watchlist. Free; unsubscribe from any email.
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.