Axis Arbitrage Fund Direct-Growth

Q: What are the returns of this mutual fund scheme?

The Axis Arbitrage Fund Direct-Growth is a 11 yrs 6 m old fund and has delivered average annual returns of 6.71% since inception. Axis Arbitrage Fund Direct-Growth Returns 1-Year 3-Year 5-Year 10-Year Since Inception 6.98% 7.63% 6.58% 6.51% 6.71%

NAV as of Feb 02, 2026	Returns since inception	ET Money Rank	AUM (Fund size)
₹21.0844+0.01% 1 day change	6.71% p.a.	App exclusive #NA View Ranked Funds	₹8,400 Cr

Historical NAV & returns

NAV: ₹21.0844 as on Feb 02, 2026

This fund Category average

Axis Arbitrage Fund overview

Expense ratio	0.32% as on Jan 29, 2026
Exit load	0.25% Exit load of 0.25% if redeemed within 15 days.!
AUM (Fund size)	₹8,400 Cr
Lock-in Period	Nil
Age	11 yrs 6 m since Jul 25, 2014
Benchmark	NIFTY 50 Arbitrage TRI
Min. investment	SIP: ₹500 & Lumpsum: ₹1000
Risk	Low
Short term capital gains (STCG)	Returns taxed at 20% if you redeem before 1 year
Long term capital gains (LTCG)	After 1 year, returns above ₹1.25 lakh in a financial year are taxed at 12.5%

Axis Arbitrage Fund Returns calculator

Investment type

Monthly investment

₹ 10,000

Investment period

Lumpsum investment

₹1 lakh

Investment period

Disclaimer: Products compared like fixed deposits may provide fixed guaranteed returns. Mutual Funds investments are subject to market risk, read all scheme related documents carefully. Past performance is not an indicator of future returns.

Total investment ₹ 12 lakh
Profit ₹12 lakhs
Total corpus ₹1 lakh
Absolute return 52.69%

Trailing returns as on Feb 03, 2026

Period	This fund	Category average
1 Month	0.51%	0.5%
3 Months	1.77%	1.55%
6 Months	3.21%	2.95%
1 Year	6.98%	6.6%
2 Years	7.4%	7.16%
3 Years	7.63%	7.47%
4 Years	6.99%	6.84%
5 Years	6.58%	6.36%
7 Years	6.29%	6.1%
10 Years	6.51%	6.28%

Asset allocationas on Dec 31, 2025

Large Cap -0.28%

Mid Cap -0.15%

Small Cap -0.04%

Other Cap -0%

Top holdings

HDFC Bank Ltd.3.59%

Reliance Industries Ltd.2.78%

Vodafone Idea Ltd.2.6%

Eternal Ltd.2.5%

Top sectors

Financial 24.479999999999997%

Services 6.990000000000001%

Automobile 5.399999999999999%

Metals & Mining 4.98%

Cash 78.64947297%

A1+ 15.36906667%

AAA 4.63472791%

SOV 1.53181095%

Top Debt Holdings

Others 2.35%

L&T Finance Ltd. 2.34%

Kotak Mahindra Prime Ltd. 1.49%

Barclays Investments & Loans Ltd. 1.18%

Allocation by Instruments

Cash Margin 78.64947297%

Mutual Fund 10.91469311%

Commercial Paper 4.826837240000001%

Debenture 4.00741513%

Other Holdings

Others 78.65%

Axis Money Market Fund Direct-Growth 10.91%

Detailed portfolio analysis

Peer comparison

Fund name	1M	6M	1Y	3Y	5Y	10Y
Axis Arbitrage Fund	0.51%	3.21%	6.98%	7.63%	6.58%	6.51%
Tata Arbitrage Fund	0.47%	3.26%	7.12%	7.78%	6.65%	4.62%
Invesco India Arbitrage Fund	0.51%	3.3%	7.05%	7.8%	6.79%	6.49%
Edelweiss Arbitrage Fund	0.46%	3.17%	6.88%	7.74%	6.67%	6.59%
Aditya Birla Sun Life Arbitrage Fund	0.48%	3.22%	7.09%	7.74%	6.6%	6.45%

Fund name	Std. deviation	Beta	Sharpe	Sortino
Axis Arbitrage Fund	0.36	0.01	3.69	5.4
Tata Arbitrage Fund	0.35	0.06	4.23	6.5
Invesco India Arbitrage Fund	0.35	-0.01	4.25	6.36
Edelweiss Arbitrage Fund	0.38	0.04	3.73	5.55
Aditya Birla Sun Life Arbitrage Fund	0.35	0.05	4.02	5.98

Fund name	ETM Rank	AUM	Fund age	Expense ratio
Axis Arbitrage Fund	N.A.	8,400 Cr	11 yrs 6 m	0.32%
Tata Arbitrage Fund	N.A.	20,013 Cr	7 yrs 1 m	0.31%
Invesco India Arbitrage Fund	N.A.	27,400 Cr	13 yrs 1 m	0.4%
Edelweiss Arbitrage Fund	N.A.	16,270 Cr	11 yrs 7 m	0.39%
Aditya Birla Sun Life Arbitrage Fund	N.A.	25,396 Cr	13 yrs 1 m	0.31%

View all Arbitrage funds

Key risk & return ratios Compared to other funds in the category

Alpha	1.34 vs. 2.77 Underperformed at beating benchmark
Sharpe	3.69 vs. 2.85 Better risk-adjusted return
Beta	0.01 vs. 1.77 Less sensitive to market ups & downs
Standard deviation	0.36 vs. 0.25 More volatile performance

About this fund

About Axis Arbitrage Fund

Axis Arbitrage Fund Direct-Growth is a Arbitrage mutual fund scheme from Axis Mutual Fund. This fund has been in existence for 11 yrs 6 m, having been launched on 25/07/2014. Axis Arbitrage Fund Direct-Growth has ₹8,400 Crores worth of assets under management (AUM) as on 31/12/2025 and is medium-sized fund of its category. The latest Net Asset Value (NAV) of Axis Arbitrage Fund Direct-Growth as of 02/02/2026 is ₹21.08. The fund has an expense ratio of 0.32%, which is close to what most other Arbitrage funds charge. Currently, the fund has a -0.47% allocation to equity and 24.37% to Debt.

Axis Arbitrage Fund Direct-Growth returns of last 1-year are 6.98%. Since launch, it has delivered 6.71% average annual returns. The fund has doubled the money invested in it every 11 yrs.
Axis Arbitrage Fund Direct-Growth scheme's ability to deliver returns consistently is in-line with most funds of its category. Its ability to control losses in a falling market is average.
The fund's equity portion is primarily invested in Financial, Unclassified, Services, Automobile, Metals & Mining sectors. It has taken less exposure in Financial, Unclassified sectors compared to other funds in the category.
The debt portion of the fund has low credit quality indicating the quality of borrowers it has lent it to is not too great.
The fund's top 5 holdings are in Axis Money Market Fund Direct-Growth, HDFC Bank Ltd., Reliance Industries Ltd., Vodafone Idea Ltd., Eternal Ltd..

...

Fund AUM	8,400 Cr as on Dec 31, 2025
Scheme document	View Scheme Document

Fund managers

Devang Shah

Mr. Shah is B.Com and ACA. Prior to joining Axis AMC he has worked with ICICI Prudential AMC, Deutsche Asset Management (India) Pvt. Ltd. and Pricewaterhouse Coopers.

Sachin Jain

Mr. Jain is a B.Tech, AGMP (Management) Prior to joining Axis Asset Management Company Ltd., he has worked with Sundaram Mutual Fund, I- Cap, Sunidhi securities and Finance Ltd.

Karthik Kumar

Mr. Kumar has done M.B.A, C.F.A, (USA) & B.E (Mechanical) Prior to joining Axis Mutual Fund he has worked with SilverTree Hong Kong and Asiya Investment, Hong Kong

Investment objective

The scheme aims 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.

Axis Mutual Fund details

No. of schemes	70 view all schemes
Total AUM	3,65,749 Cr as on Dec 31, 2025
Address	23rd Floor, One Lodha Place, S. B. Road, Lower Parel. Mumbai, 400013
Phone	022-24255161

More funds from Axis Mutual Fund

Fund name	ETM Rank	AUM	1Y	5Y
Axis Multi Asset Allocation Fund	N.A.	1,875 Cr	18.45%	12.81%
Axis Balanced Advantage Fund	N.A.	3,816 Cr	7.03%	11.92%
Axis Retirement Fund - Dynamic Plan	N.A.	306 Cr	3.5%	11.75%
Axis Retirement Fund - Aggressive Plan	N.A.	756 Cr	4.7%	10.67%
Axis Aggressive Hybrid Fund	N.A.	1,550 Cr	6.12%	10.38%
Axis Equity Savings Fund	N.A.	927 Cr	6.63%	9.53%

See all Hybrid funds from this AMC

Frequently asked questions

What is the current NAV of Axis Arbitrage Fund Direct-Growth?

The current Net Asset Value (NAV) of the Axis Arbitrage Fund - Direct Growth plan is approximately ₹21.0844 as of Feb 02, 2026.

What are the returns of this mutual fund scheme?

The Axis Arbitrage Fund Direct-Growth is a 11 yrs 6 m old fund and has delivered average annual returns of 6.71% since inception.

Axis Arbitrage Fund Direct-Growth Returns

1-Year	3-Year	5-Year	10-Year	Since Inception
6.98%	7.63%	6.58%	6.51%	6.71%

How much does this mutual fund charge as expense ratio?

The Axis Arbitrage Fund - Direct Growth has an expense ratio of 0.32%, representing the annual cost of managing and operating the fund. This fee is deducted from the fund's AUM while declaring the daily NAV, reducing investor returns.

What is the AUM or fund size of this mutual fund?

The Axis Arbitrage Fund currently has assets under management (AUM) or fund size valued at approximately 8,400 Cr as on Dec 31, 2025.

What is risk level of Axis Arbitrage Fund?

This is a Arbitrage fund comes with Low risk.

Is there any lock-in period in this mutual fund?

No, this fund does not have any lock-in period.

How do I invest in Axis Arbitrage Fund Direct-Growth?

It is very fast, easy, and completely paperless in this mutual fund scheme on ET Money. The whole process takes just a few minutes. Here's how it works:

For the Desktop Version:

Click on the "Invest Now" button at the top right, then scan the QR code to download the app.

For the Mobile Version:

Click on the "Invest on App" button at the bottom to download the app.
Once the app is downloaded:
Sign-up and complete your one time KYC process, or log in if you're already registered.
Search for Axis Arbitrage Fund - Direct Growth, select your investment mode (lump sum or SIP), and enter the investment amount.
Provide the required details, including the bank account you'll use for payment, and confirm your investment.

That's it. Your investment in the Axis Arbitrage Fund is complete.

How can I redeem my investments in Axis Arbitrage Fund?

Redeeming your investments in the Axis Arbitrage Fund is simple. If you have invested via ET Money, just log in to the app, go to the holdings section, and submit the redemption request.

If you have invested from anywhere else, you can go to the fund house website and put a request through it.

ET Money rank

App exclusive

in Arbitrage

#NA

Volatility Protection: This fund is one of the best in protecting against volatility in it's category.
Return Outperformance: This fund has generated highest return amongst Arbitrage funds in the last 10 Years.
Return/Risk: The fund is performing poorly than its category.
Exit Load: Exit load of 0.25% if redeemed within 15 days.