Bank of India Arbitrage Fund Direct-Growth

Q: What are the returns of Bank of India Arbitrage Fund?

The Bank of India Arbitrage Fund is a 7 yrs 1 m old fund and has delivered average annual returns of 5.29% since inception. Bank of India Arbitrage Fund Returns 1-Year 3-Year 5-Year Since Inception 6.9% 6.71% 5.18% 5.29%

NAV as of Jul 21, 2025	Returns since inception	ET Money Rank	AUM (Fund size)
₹14.4353+0.04% 1 day change	5.29% p.a.	#NA View Ranked Funds	₹43 Cr

Historical NAV & returns

NAV: ₹14.4353 as on Jul 21, 2025

This fund Category average

Bank of India Arbitrage Fund overview

Expense ratio	0.59% as on May 31, 2025
Exit load	0.5% Exit load of 0.50% if redeemed within 30 days.!
AUM (Fund size)	₹43 Cr
Lock-in Period	Nil
Age	7 yrs 1 m since May 31, 2018
Benchmark	Nifty 50 Arbitrage
Min. investment	SIP: ₹1000 & Lumpsum: ₹5000
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%

Bank of India 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 Jul 22, 2025

Period	This fund	Category average
1 Month	0.36%	0.42%
3 Months	1.33%	1.52%
6 Months	3.22%	3.51%
1 Year	6.9%	7.27%
2 Years	7.27%	7.78%
3 Years	6.71%	7.44%
4 Years	5.66%	6.54%
5 Years	5.18%	6.12%
7 Years	5.29%	6.08%

Asset allocationas on May 31, 2025

Large Cap -0.26%

Mid Cap -0.08%

Small Cap -0.03%

Other Cap -0%

Top holdings

Kotak Mahindra Bank Ltd.4.23%

Sun Pharmaceutical Industries Ltd.3.81%

Canara Bank3.77%

Mahindra & Mahindra Ltd.3.74%

Top sectors

Financial 20.259999999999998%

Services 9.809999999999999%

Healthcare 8.71%

Metals & Mining 4.85%

Cash & Call Money 75.385877%

A1+ 12.69941%

SOV 12.249202%

Others 0.035511%

Top Debt Holdings

Reserve Bank of India 12.25%

Reliance Jio Infocomm Ltd. 0.91%

Small Industries Devp. Bank of India Ltd. 0.91%

Bank Of Baroda 0.9%

Allocation by Instruments

Net Receivables 70.88%

Mutual Fund 16.91%

Treasury Bills 8.83%

Repo 3.75%

Other Holdings

Others 3.82%

Peer comparison

Fund name	ETM Rank	AUM	Fund age	Expense ratio
Bank of India Arbitrage Fund	N.A.	43 Cr	7 yrs 1 m	0.59%
Tata Arbitrage Fund	N.A.	14,982 Cr	6 yrs 7 m	0.31%
Invesco India Arbitrage Fund	N.A.	22,341 Cr	12 yrs 6 m	0.39%
Edelweiss Arbitrage Fund	N.A.	15,137 Cr	11 yrs 1 m	0.38%
Axis Arbitrage Fund	N.A.	5,746 Cr	10 yrs 11 m	0.33%
Aditya Birla Sun Life Arbitrage Fund	N.A.	14,236 Cr	12 yrs 6 m	0.31%

Fund name	1M	6M	1Y	3Y	5Y	10Y
Bank of India Arbitrage Fund	0.36%	3.22%	6.9%	6.71%	5.18%	N.A.
Tata Arbitrage Fund	0.45%	3.72%	7.6%	7.7%	6.39%	4.26%
Invesco India Arbitrage Fund	0.45%	3.63%	7.5%	7.82%	6.45%	6.5%
Edelweiss Arbitrage Fund	0.42%	3.63%	7.51%	7.7%	6.39%	6.61%
Axis Arbitrage Fund	0.43%	3.64%	7.42%	7.5%	6.25%	6.51%
Aditya Birla Sun Life Arbitrage Fund	0.43%	3.73%	7.56%	7.64%	6.28%	6.43%

Fund name	Std. deviation	Beta	Sharpe	Sortino
Bank of India Arbitrage Fund	0.55	0.66	0.18	0.17
Tata Arbitrage Fund	0.49	0.53	2.13	2.31
Invesco India Arbitrage Fund	0.47	0.34	2.46	2.72
Edelweiss Arbitrage Fund	0.54	0.49	1.93	2.02
Axis Arbitrage Fund	0.54	0.57	1.55	1.55
Aditya Birla Sun Life Arbitrage Fund	0.52	0.55	1.9	1.95

View all Arbitrage funds

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

Alpha	1.33 vs. 2.7 Underperformed at beating benchmark
Sharpe	0.18 vs. 2.44 Poor risk-adjusted returns
Beta	0.66 vs. 0.75 Less sensitive to market ups & downs
Standard deviation	0.55 vs. 0.4 More volatile performance

Compare Bank of India Arbitrage Fund in detail with

About this fund

About Bank of India Arbitrage Fund

Bank of India Arbitrage Fund Direct-Growth is a Arbitrage mutual fund scheme from Bank Of India Mutual Fund. This fund has been in existence for 7 yrs 1 m, having been launched on 31/05/2018. Bank of India Arbitrage Fund Direct-Growth has ₹43 Crores worth of assets under management (AUM) as on 31/05/2025 and is small fund of its category. The latest Net Asset Value (NAV) of Bank of India Arbitrage Fund Direct-Growth as of 21/07/2025 is ₹14.44. The fund has an expense ratio of 0.59%, which is higher than what most other Arbitrage funds charge. Currently, the fund has a -0.37% allocation to equity and 24.98% to Debt.

Bank of India Arbitrage Fund Direct-Growth returns of last 1-year are 6.87%. Since launch, it has delivered 5.31% average annual returns.
Bank of India Arbitrage Fund Direct-Growth scheme's ability to deliver returns consistently is lower than most funds of its category. Its ability to control losses in a falling market is low.
The fund's equity portion is primarily invested in Financial, Services, Healthcare, Metals & Mining, Capital Goods sectors. It has taken less exposure in Financial, Services 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 Reserve Bank of India, Sun Pharmaceutical Industries Ltd., Canara Bank, Mahindra & Mahindra Ltd., Max Healthcare Institute Ltd..

...

Fund AUM	43 Cr as on May 31, 2025
Scheme document	View Scheme Document

Fund managers

Firdaus Marazban Ragina

Mr. Ragina has a B.Com degree Prior to joining IDBI Mutual Fund, he has worked with IL&FS Broking Services, Avendus Securities, IL&FS Investsmart, UTI Securities and RefcoSify Securities.

Investment objective

The scheme seeks to generate income through arbitrage opportunities between cash and derivative segments of the equity market and arbitrage opportunities within the derivative segment and by deployment of surplus cash in debt securities and money market instruments.

Bank of India Mutual Fund details

No. of schemes	20 view all schemes
Total AUM	12,458 Cr as on Jun 30, 2025
Address	B/204-Tower 1, Peninsula Corporate Park, Ganpatrao Kadam Marg, Lower Parel, Mumbai, 400013
Email	service@boiaxa-im.com

More funds from Bank of India Mutual Fund

Fund name	ETM Rank	AUM	1Y	5Y
Bank of India Mid & Small Cap Equity & Debt Fund	N.A.	1,198 Cr	4.0%	27.94%
Bank of India Conservative Hybrid Fund	N.A.	70 Cr	5.45%	12.7%
Bank of India Balanced Advantage Fund	N.A.	139 Cr	0.9%	12.46%
Bank of India Multi Asset Allocation Fund	N.A.	356 Cr	6.38%	N.A.

See all Hybrid funds from this AMC

Frequently asked questions

What is the current NAV of Bank of India Arbitrage Fund?

The current Net Asset Value (NAV) of the Bank of India Arbitrage Fund - Direct Growth plan is approximately ₹14.4353 as of Jul 21, 2025.

What are the returns of this mutual fund scheme?

The Bank of India Arbitrage Fund is a 7 yrs 1 m old fund and has delivered average annual returns of 5.29% since inception.

Bank of India Arbitrage Fund Returns

1-Year	3-Year	5-Year	Since Inception
6.9%	6.71%	5.18%	5.29%

How much does this mutual fund charge as expense ratio?

The Bank of India Arbitrage Fund - Direct Growth has an expense ratio of 0.59%, which reflects the fund's management and operating costs. This percentage is subtracted from the fund's annual returns, impacting net returns for investors.

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

The Bank of India Arbitrage Fund currently has assets under management (AUM) or fund size valued at approximately 43 Cr as on May 31, 2025.

What is risk level of Bank of India 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 Bank of India Arbitrage Fund?

It is very fast, easy, and completely paperless in this mutual fund scheme on ET Money. It is just a matter of a few minutes. Here's how:

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 Bank of India Arbitrage Fund and choose the investment mode (Lump sum investment or a SIP). Then, enter your investment amount.
Fill in additional required details, including the bank account you'll use for payment, and confirm.

All set! Your investment in Bank of India Arbitrage Fund is complete.

How can I redeem my investments in Bank of India Arbitrage Fund?

Redeeming your investments in Bank of India Arbitrage Fund is super easy. If you have invested in this fund via ET Money, just login into the app, go to the investment section and put the redemption request.

If you have invested in Bank of India Arbitrage Fund from anywhere else, you can go to the fund house website and put a request through it.

ET Money rank

in Arbitrage

#NA

Return Outperformance: This fund has generated highest return amongst Arbitrage funds in the last 3 Months .
Return Consistency: This fund ranks lower in terms of generating consistent return in it's category.
Volatility Protection: This fund ranks lower in terms of protecting against volatility within its category.
Return/Risk: The fund is performing poorly than its category.
Exit Load: Exit load of 0.50% if redeemed within 30 days.