HDFC Arbitrage Direct Plan-Growth

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

The HDFC Arbitrage Direct Plan-Growth is a 12 yrs 11 m old fund and has delivered average annual returns of 6.62% since inception. HDFC Arbitrage Direct Plan-Growth Returns 1-Year 3-Year 5-Year 10-Year Since Inception 6.81% 7.69% 6.33% 6.18% 6.62%

NAV as of Dec 04, 2025	Returns since inception	ET Money Rank	AUM (Fund size)
₹32.805+0.01% 1 day change	6.62% p.a.	App exclusive #NA View Ranked Funds	₹23,009 Cr

Historical NAV & returns

NAV: ₹32.805 as on Dec 04, 2025

This fund Category average

HDFC Arbitrage Fund overview

Expense ratio	0.41% as on Nov 30, 2025
Exit load	0.25% Exit load of 0.25% if redeemed within 1 month!
AUM (Fund size)	₹23,009 Cr
Lock-in Period	Nil
Age	12 yrs 11 m since Jan 01, 2013
Benchmark	NIFTY 50 Arbitrage TRI
Min. investment	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%

HDFC 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 Dec 05, 2025

Period	This fund	Category average
1 Month	0.51%	0.5%
3 Months	1.47%	1.53%
6 Months	3.14%	3.09%
1 Year	6.81%	6.81%
2 Years	7.56%	7.48%
3 Years	7.69%	7.65%
4 Years	6.8%	6.77%
5 Years	6.33%	6.28%
7 Years	6.05%	6.1%
10 Years	6.18%	6.3%

Asset allocationas on Oct 31, 2025

Large Cap -0.4%

Mid Cap -0.08%

Small Cap -0.01%

Other Cap -0%

Top holdings

HDFC Bank Ltd.5.58%

ICICI Bank Ltd.5.36%

Reliance Industries Ltd.4.55%

State Bank of India3.07%

Top sectors

Financial 25.68%

Energy 6.709999999999999%

Services 6.470000000000001%

Capital Goods 5.54%

Cash 77.92271387%

A1+ 15.00567148%

AAA 3.55282757%

SOV 2.905441%

Top Debt Holdings

Bank Of Baroda 1.29%

Canara Bank 0.74%

National Bank For Agriculture & Rural Development 0.48%

Bajaj Finance Ltd. 0.33%

Allocation by Instruments

Cash Margin 77.92271387%

Mutual Fund 18.66166624%

Certificate of Deposit 2.03708948%

Repo 1.48706553%

Other Holdings

HDFC Money Market Fund Direct-Growth 10.45%

HDFC Liquid Fund - Direct Plan 5.02%

HDFC Low Duration Fund Direct-Growth 1.92%

Others 1.49%

Detailed portfolio analysis

Peer comparison

Fund name	1M	6M	1Y	3Y	5Y	10Y
HDFC Arbitrage Fund	0.51%	3.14%	6.81%	7.69%	6.33%	6.18%
Tata Arbitrage Fund	0.55%	3.2%	7.09%	7.88%	6.54%	4.49%
Invesco India Arbitrage Fund	0.57%	3.26%	7.05%	7.91%	6.68%	6.47%
Axis Arbitrage Fund	0.55%	3.16%	6.96%	7.71%	6.48%	6.48%
Edelweiss Arbitrage Fund	0.55%	3.19%	7.02%	7.86%	6.58%	6.58%
Bandhan Arbitrage Fund	0.52%	3.09%	6.9%	7.77%	6.41%	6.38%

Fund name	Std. deviation	Beta	Sharpe	Sortino
HDFC Arbitrage Fund	0.37	0.1	3.19	5.25
Tata Arbitrage Fund	0.36	0.2	3.8	5.98
Invesco India Arbitrage Fund	0.37	0.09	3.82	6.11
Axis Arbitrage Fund	0.37	0.14	3.25	4.93
Edelweiss Arbitrage Fund	0.4	0.15	3.38	5.34
Bandhan Arbitrage Fund	0.38	0.24	3.36	5.09

Fund name	ETM Rank	AUM	Fund age	Expense ratio
HDFC Arbitrage Fund	N.A.	23,009 Cr	12 yrs 11 m	0.41%
Tata Arbitrage Fund	N.A.	20,107 Cr	7 yrs	0.32%
Invesco India Arbitrage Fund	N.A.	27,560 Cr	12 yrs 11 m	0.39%
Axis Arbitrage Fund	N.A.	7,873 Cr	11 yrs 4 m	0.33%
Edelweiss Arbitrage Fund	N.A.	16,687 Cr	11 yrs 6 m	0.39%
Bandhan Arbitrage Fund	N.A.	8,748 Cr	12 yrs 11 m	0.35%

View all Arbitrage funds

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

Alpha	1.36 vs. 2.83 Underperformed at beating benchmark
Sharpe	3.19 vs. 2.7 Better risk-adjusted return
Beta	0.1 vs. 1.66 Less sensitive to market ups & downs
Standard deviation	0.37 vs. 0.27 More volatile performance

Compare HDFC Arbitrage Fund in detail with

About this fund

About HDFC Arbitrage Fund

HDFC Arbitrage Direct Plan-Growth is a Arbitrage mutual fund scheme from Hdfc Mutual Fund. This fund has been in existence for 12 yrs 11 m, having been launched on 01/01/2013. HDFC Arbitrage Direct Plan-Growth has ₹23,009 Crores worth of assets under management (AUM) as on 31/10/2025 and is medium-sized fund of its category. The latest Net Asset Value (NAV) of HDFC Arbitrage Direct Plan-Growth as of 04/12/2025 is ₹32.80. The fund has an expense ratio of 0.41%, which is close to what most other Arbitrage funds charge. Currently, the fund has a -0.49% allocation to equity and 21.88% to Debt.

HDFC Arbitrage Direct Plan-Growth returns of last 1-year are 6.87%. Since launch, it has delivered 6.63% average annual returns. The fund has doubled the money invested in it every 12 yrs.
HDFC Arbitrage Direct Plan-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, Energy, Services, Capital Goods 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 HDFC Money Market Fund Direct-Growth, HDFC Bank Ltd., ICICI Bank Ltd., HDFC Liquid Fund - Direct Plan, Reliance Industries Ltd..

...

Fund AUM	23,009 Cr as on Oct 31, 2025
Scheme document	View Scheme Document

Fund managers

Arun Agarwal

Mr. Agarwal is a B.Com. and Chartered Accountant Prior to joining HDFC Asset Management Company Limited, he has worked with SBI Funds Management Pvt. Ltd., ICICI Bank Limited, UTI Asset Management Pvt. Ltd.

Anil Bamboli

Mr. Bamboli is a CFA from Association for Investment Management and Research, U.S.A, Masters in Management Studies (Finance) and a Graduate in Cost and Works Accountant from ICWAI. Prior to joining HDFC AMC he has worked with SBI Fund Management for 11 years.

Nirman S. Morakhia

Mr. Morakhia has done BMS and MBA - Financial Markets Prior to joining HDFC Mutual Fund, he has worked with Mirae Asset Global Investment Management India Pvt. Ltd.

Investment objective

The scheme seeks to generate income through arbitrage opportunities and debt & money market instruments.

HDFC Mutual Fund details

No. of schemes	78 view all schemes
Total AUM	8,93,028 Cr as on Sep 30, 2025
Address	"HDFC House", 2nd Floor, H. T. Parekh Marg, 165-166, Backbay Reclamation, Churchgate Mumbai, 400020
Email	shareholders.relations@hdfcfund.com
Phone	022 ? 66316333

More funds from HDFC Mutual Fund

Fund name	ETM Rank	AUM	1Y	5Y
HDFC Balanced Advantage Fund	N.A.	1,06,494 Cr	5.96%	21.63%
HDFC Retirement Savings Fund - Hybrid Equity Plan	N.A.	1,729 Cr	4.09%	17.15%
HDFC Multi Asset Fund	N.A.	5,149 Cr	12.22%	16.09%
HDFC Hybrid Equity Fund	N.A.	24,684 Cr	4.58%	15.82%
HDFC Multi-Asset Active FoF	N.A.	5,037 Cr	13.17%	N.A.
HDFC Equity Savings Fund	N.A.	5,823 Cr	6.56%	12.28%

See all Hybrid funds from this AMC

Frequently asked questions

What is the current NAV of HDFC Arbitrage Direct Plan-Growth?

The current Net Asset Value (NAV) of the HDFC Arbitrage Fund - Direct Growth plan is approximately ₹32.805 as of Dec 04, 2025.

What are the returns of this mutual fund scheme?

The HDFC Arbitrage Direct Plan-Growth is a 12 yrs 11 m old fund and has delivered average annual returns of 6.62% since inception.

HDFC Arbitrage Direct Plan-Growth Returns

1-Year	3-Year	5-Year	10-Year	Since Inception
6.81%	7.69%	6.33%	6.18%	6.62%

How much does this mutual fund charge as expense ratio?

The HDFC Arbitrage Fund - Direct Growth has an expense ratio of 0.41%, 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 HDFC Arbitrage Fund currently has assets under management (AUM) or fund size valued at approximately 23,009 Cr as on Oct 31, 2025.

What is risk level of HDFC 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 HDFC Arbitrage Direct Plan-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 HDFC 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 HDFC Arbitrage Fund is complete.

How can I redeem my investments in HDFC Arbitrage Fund?

Redeeming your investments in the HDFC 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 5 Years.
Return Consistency: This fund ranks lower in terms of generating consistent return in it's category.
Return/Risk: The fund is performing poorly than its category.
Exit Load: Exit load of 0.25% if redeemed within 1 month