Franklin India Arbitrage Fund Direct-Growth

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

The Franklin India Arbitrage Fund Direct-Growth is a 1 yrs 2 m old fund and has delivered average annual returns of 7.27% since inception. Franklin India Arbitrage Fund Direct-Growth Returns 1-Year Since Inception 7.35% 7.27%

NAV as of Feb 02, 2026	Returns since inception	ET Money Rank	AUM (Fund size)
₹10.8854+0.06% 1 day change	7.27% p.a.	App exclusive #NA View Ranked Funds	₹669 Cr

Historical NAV & returns

NAV: ₹10.8854 as on Feb 02, 2026

This fund Category average

Franklin India Arbitrage Fund overview

Expense ratio	0.28% as on Jan 31, 2026
Exit load	0.25% Exit Load for units in excess of 10% of the investment,0.25% will be charged for redemption within 30 days.!
AUM (Fund size)	₹669 Cr
Lock-in Period	Nil
Age	1 yrs 2 m since Nov 04, 2024
Benchmark	NIFTY 50 Arbitrage TRI
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%

Franklin 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 Feb 03, 2026

Period	This fund	Category average
1 Month	0.74%	0.5%
3 Months	2.02%	1.55%
6 Months	3.53%	2.95%
1 Year	7.35%	6.6%

Asset allocationas on Dec 31, 2025

Large Cap -1.01%

Mid Cap -0.55%

Small Cap -0.17%

Other Cap -0%

Top holdings

ICICI Bank Ltd.5.0%

HDFC Bank Ltd.4.97%

Reliance Industries Ltd.4.35%

Vodafone Idea Ltd.3.75%

Top sectors

Financial 29.080000000000002%

Communication 8.54%

Services 7.790000000000001%

Metals & Mining 6.129999999999999%

Cash 76.12980958%

A1+ 8.99871744%

SOV 8.02020067%

AA 3.78667563%

Top Debt Holdings

Reserve Bank of India 4.46%

HDFC Securities Ltd. 3.71%

GOI 3.03%

Poonawalla Fincorp Ltd. 1.57%

Allocation by Instruments

Cash Margin 76.12980958%

Commercial Paper 5.1321207300000005%

Debenture 4.55359666%

Treasury Bills 4.4589821700000005%

Other Holdings

Franklin India Money Market Fund Direct-Growth 2.86%

Others 1.79%

Franklin India Liquid Fund Super Institutional Plan Direct-Growth 0.54%

Detailed portfolio analysis

Peer comparison

Fund name	1M	6M	1Y	3Y	5Y	10Y
Franklin India Arbitrage Fund	0.74%	3.53%	7.35%	N.A.	N.A.	N.A.
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
Franklin India Arbitrage Fund	N.A.	N.A.	N.A.	N.A.
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
Franklin India Arbitrage Fund	N.A.	669 Cr	1 yrs 2 m	0.28%
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

Risk ratios are based on three-year data. The required data is unavailable for the scheme.

About this fund

About Franklin India Arbitrage Fund

Franklin India Arbitrage Fund Direct-Growth is a Arbitrage mutual fund scheme from Franklin Templeton Mutual Fund. This fund has been in existence for 1 yrs 2 m, having been launched on 04/11/2024. Franklin India Arbitrage Fund Direct-Growth has ₹669 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 Franklin India Arbitrage Fund Direct-Growth as of 02/02/2026 is ₹10.89. The fund has an expense ratio of 0.28%, which is close to what most other Arbitrage funds charge. Currently, the fund has a -1.73% allocation to equity and 24.08% to Debt.

Franklin India Arbitrage Fund Direct-Growth returns of last 1-year are 7.35%. Since launch, it has delivered 7.29% average annual returns.
The fund's equity portion is primarily invested in Financial, Communication, Services, Metals & Mining, Energy sectors. It has taken less exposure in Financial, Communication 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 ICICI Bank Ltd., HDFC Bank Ltd., Reserve Bank of India, Reliance Industries Ltd., Vodafone Idea Ltd..

...

Fund AUM	669 Cr as on Dec 31, 2025
Scheme document	View Scheme Document

Fund managers

Pallab Roy

Mr. Roy is a M.Com and MBA (Finance). He has been associated with Franklin Templeton Investments since 2001.

Yogik Pitti

He is a B.Com (H) Prior to joining IDFC Mutual Fund, he was associated with CRISIL.

Rajasa Kakulavarapu

Ms. Kakulavarapu has done B.Tech and MBA. Prior to joining Franklin Templeton Mutual Fund, she has worked with Jefferies India Pvt. Ltd. and Credit Suisse Securities (India) Pvt. Ltd.

Rohan Maru

Mr. Maru is M.Com and MBA in Finance. Prior to joining Franklin India Mutual Fund, he has worked with ICICI Prudential Mutual Fund, Kotak Mahindra AMC as Fixed Income Dealer and Integreon Managed Solutions as a Research Associate.

Investment objective

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

Franklin Templeton Mutual Fund details

No. of schemes	34 view all schemes
Total AUM	1,28,113 Cr as on Dec 31, 2025
Address	Unit No.202/203/204, 2nd Floor Dalamal Tower, Plot No. 211 Free Press Journal Marg, Nariman Point Mumbai, 400013
Phone	1800-425-4255 / 60004255

More funds from Franklin Templeton Mutual Fund

Fund name	ETM Rank	AUM	1Y	5Y
Franklin India Dynamic Asset Allocation Active FoF	N.A.	1,301 Cr	6.48%	15.08%
Franklin India Income Plus Arbitrage Active FoF	N.A.	108 Cr	13.2%	13.7%
Franklin India Aggressive Hybrid Fund	N.A.	2,380 Cr	5.38%	13.17%
Franklin India Equity Savings Fund	N.A.	685 Cr	6.72%	8.82%
Franklin India Retirement Fund	N.A.	517 Cr	5.2%	8.77%
Franklin India Balanced Advantage Fund	N.A.	2,885 Cr	6.12%	N.A.

See all Hybrid funds from this AMC

Frequently asked questions

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

The current Net Asset Value (NAV) of the Franklin India Arbitrage Fund - Direct Growth plan is approximately ₹10.8854 as of Feb 02, 2026.

What are the returns of this mutual fund scheme?

The Franklin India Arbitrage Fund Direct-Growth is a 1 yrs 2 m old fund and has delivered average annual returns of 7.27% since inception.

Franklin India Arbitrage Fund Direct-Growth Returns

1-Year	Since Inception
7.35%	7.27%

How much does this mutual fund charge as expense ratio?

The Franklin India Arbitrage Fund - Direct Growth has an expense ratio of 0.28%, 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 Franklin India Arbitrage Fund currently has assets under management (AUM) or fund size valued at approximately 669 Cr as on Dec 31, 2025.

What is risk level of Franklin 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 Franklin India 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 Franklin India 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 Franklin India Arbitrage Fund is complete.

How can I redeem my investments in Franklin India Arbitrage Fund?

Redeeming your investments in the Franklin India 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 1 Year.
Return/Risk: The fund is performing poorly than its category.
Exit Load: Exit Load for units in excess of 10% of the investment,0.25% will be charged for redemption within 30 days.