Bandhan Arbitrage Fund Direct-Growth

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

The Bandhan Arbitrage Fund Direct-Growth is a 13 yrs 1 m old fund and has delivered average annual returns of 6.93% since inception. Bandhan Arbitrage Fund Direct-Growth Returns 1-Year 3-Year 5-Year 10-Year Since Inception 6.79% 7.66% 6.51% 6.39% 6.93%

NAV as of Feb 02, 2026	Returns since inception	ET Money Rank	AUM (Fund size)
₹36.4167-0.01% 1 day change	6.93% p.a.	App exclusive #NA View Ranked Funds	₹8,968 Cr

Historical NAV & returns

NAV: ₹36.4167 as on Feb 02, 2026

This fund Category average

Bandhan Arbitrage Fund overview

Expense ratio	0.35% as on Feb 02, 2026
Exit load	0.25% Exit load of 0.25% if redeemed within 15 days.!
AUM (Fund size)	₹8,968 Cr
Lock-in Period	Nil
Age	13 yrs 1 m since Jan 01, 2013
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%

Bandhan 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	0.45%	0.5%
3 Months	1.68%	1.55%
6 Months	3.07%	2.95%
1 Year	6.79%	6.6%
2 Years	7.37%	7.16%
3 Years	7.66%	7.47%
4 Years	7.01%	6.84%
5 Years	6.51%	6.36%
7 Years	6.23%	6.1%
10 Years	6.39%	6.28%

Asset allocationas on Dec 31, 2025

Large Cap -0.24%

Mid Cap -0.11%

Small Cap -0.04%

Other Cap 0%

Top holdings

Reliance Industries Ltd.3.9%

HDFC Bank Ltd.3.85%

Vodafone Idea Ltd.3.16%

ICICI Bank Ltd.3.05%

Top sectors

Financial 27.18%

Services 6.549999999999999%

Metals & Mining 5.909999999999999%

Consumer Staples 5.630000000000001%

Cash 75.45395962%

A1+ 14.032351%

AAA 6.27939771%

SOV 3.84119061%

Top Debt Holdings

Rajasthan State 0.58%

Bajaj Housing Finance Ltd. 0.56%

Bajaj Finance Ltd. 0.28%

Tata Capital Housing Finance Ltd. 0.28%

Allocation by Instruments

Cash Margin 75.45395962%

Mutual Fund 21.21920723%

Reverse Repo 1.52738747%

Debenture 0.83944802%

Other Holdings

Bandhan Money Manager Fund Direct-Growth 11.94%

Bandhan Low Duration Fund Direct-Growth 6.3%

Bandhan Ultra Short Term Fund Direct-Growth 2.66%

Others 1.53%

Detailed portfolio analysis

Peer comparison

Fund name	1M	6M	1Y	3Y	5Y	10Y
Bandhan Arbitrage Fund	0.45%	3.07%	6.79%	7.66%	6.51%	6.39%
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%
Axis Arbitrage Fund	0.51%	3.21%	6.98%	7.63%	6.58%	6.51%
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
Bandhan Arbitrage Fund	0.36	0.09	3.75	5.71
Tata Arbitrage Fund	0.35	0.06	4.23	6.5
Invesco India Arbitrage Fund	0.35	-0.01	4.25	6.36
Axis Arbitrage Fund	0.36	0.01	3.69	5.4
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
Bandhan Arbitrage Fund	N.A.	8,968 Cr	13 yrs 1 m	0.35%
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%
Axis Arbitrage Fund	N.A.	8,400 Cr	11 yrs 6 m	0.32%
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	1.53 vs. 2.77 Underperformed at beating benchmark
Sharpe	3.75 vs. 2.85 Better risk-adjusted return
Beta	0.09 vs. 1.77 Less sensitive to market ups & downs
Standard deviation	0.36 vs. 0.25 More volatile performance

About this fund

About Bandhan Arbitrage Fund

Bandhan Arbitrage Fund Direct-Growth is a Arbitrage mutual fund scheme from Bandhan Mutual Fund. This fund has been in existence for 13 yrs 1 m, having been launched on 01/01/2013. Bandhan Arbitrage Fund Direct-Growth has ₹8,968 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 Bandhan Arbitrage Fund Direct-Growth as of 02/02/2026 is ₹36.42. The fund has an expense ratio of 0.35%, which is close to what most other Arbitrage funds charge. Currently, the fund has a -0.40% allocation to equity and 24.46% to Debt.

Bandhan Arbitrage Fund Direct-Growth returns of last 1-year are 6.80%. Since launch, it has delivered 6.93% average annual returns. The fund has doubled the money invested in it every 12 yrs.
Bandhan Arbitrage Fund Direct-Growth scheme's ability to deliver returns consistently is higher than most funds of its category. Its ability to control losses in a falling market is above average.
The fund's equity portion is primarily invested in Financial, Unclassified, Services, Metals & Mining, Consumer Staples 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 Bandhan Money Manager Fund Direct-Growth, Bandhan Low Duration Fund Direct-Growth, Reliance Industries Ltd., HDFC Bank Ltd., Vodafone Idea Ltd..

...

Fund AUM	8,968 Cr as on Dec 31, 2025
Scheme document	View Scheme Document

Fund managers

Harshal Joshi

Mr. Joshi is PGDBM from N.L. Dalmia Institute of Management Studies and Research, Mumbai Prior to joining Bandhan Mutual Fund (formerly IDFC Mutual Fund) in 2008 he has worked with ICAP India Pvt. Ltd.

Nemish Sheth

Mr. Sheth is a B.Com, PGDM(FINANCE) Prior to joining Bandhan Mutual Fund (formerly IDFC Mutual Fund), he has worked with Nippon Life India Asset Management Ltd. and ICICI Prudential Asset Management Company Ltd.

Kapil Kankonkar

Bachelor of Engineering, Master of Management Studies. Prior to joining the Bandhan AMC, he was associated with Kotak Securities Ltd, JM Financial Services Ltd,

Investment objective

The scheme aims to generate capital appreciation and income by predominantly investing in arbitrage opportunities in the cash and the 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.

Bandhan Mutual Fund details

No. of schemes	68 view all schemes
Total AUM	1,99,722 Cr as on Dec 31, 2025
Address	One World Centre, 6th Floor, Tower 1C, Senapati Bapat Marg, Prabhadevi Mumbai, 400013

More funds from Bandhan Mutual Fund

Fund name	ETM Rank	AUM	1Y	5Y
Bandhan Aggressive Hybrid Fund	N.A.	1,576 Cr	12.78%	14.77%
Bandhan Aggressive Hybrid Passive FoF	N.A.	19 Cr	5.55%	11.29%
Bandhan Multi-Asset Passive FoF	N.A.	19 Cr	9.22%	10.32%
Bandhan Balanced Advantage Fund	N.A.	2,309 Cr	7.01%	9.99%
Bandhan Conservative Hybrid Passive FoF	N.A.	6 Cr	7.78%	7.7%
Bandhan Equity Savings Fund	N.A.	399 Cr	6.11%	7.69%

See all Hybrid funds from this AMC

Frequently asked questions

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

The current Net Asset Value (NAV) of the Bandhan Arbitrage Fund - Direct Growth plan is approximately ₹36.4167 as of Feb 02, 2026.

What are the returns of this mutual fund scheme?

The Bandhan Arbitrage Fund Direct-Growth is a 13 yrs 1 m old fund and has delivered average annual returns of 6.93% since inception.

Bandhan Arbitrage Fund Direct-Growth Returns

1-Year	3-Year	5-Year	10-Year	Since Inception
6.79%	7.66%	6.51%	6.39%	6.93%

How much does this mutual fund charge as expense ratio?

The Bandhan Arbitrage Fund - Direct Growth has an expense ratio of 0.35%, 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 Bandhan Arbitrage Fund currently has assets under management (AUM) or fund size valued at approximately 8,968 Cr as on Dec 31, 2025.

What is risk level of Bandhan 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 Bandhan 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 Bandhan 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 Bandhan Arbitrage Fund is complete.

How can I redeem my investments in Bandhan Arbitrage Fund?

Redeeming your investments in the Bandhan 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

Return Outperformance: This fund has generated highest return amongst Arbitrage funds in the last 10 Years.
Age: This is the oldest Arbitrage fund.
Return/Risk: The fund is performing poorly than its category.
Exit Load: Exit load of 0.25% if redeemed within 15 days.