HDFC Arbitrage Fund

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

The HDFC Arbitrage Fund is a 18 yrs old fund and has delivered average annual returns of 6.32% since inception. HDFC Arbitrage Fund Returns 1-Year 3-Year 5-Year 10-Year Since Inception 6.23% 6.84% 5.49% 5.47% 6.32%

Q: How much does this mutual fund charge as expense ratio?

The HDFC Arbitrage Fund has an expense ratio of 0.93% , 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.

NAV as of Oct 20, 2025	Returns since inception	ET Money Rank	AUM (Fund size)
₹30.178+0.0% 1 day change	6.32% p.a.	App exclusive #NA View Ranked Funds	₹21,984 Cr

Historical NAV & returns

NAV: ₹30.178 as on Oct 20, 2025

This fund Category average

HDFC Arbitrage Fund overview

AUM (Fund size)	₹21,984 Cr
Exit load	0.25% Exit load of 0.25% if redeemed within 1 month!
Lock-in Period	Nil
Age	18 yrs since Sep 28, 2007
Benchmark	NIFTY 50 Arbitrage TRI
Min. investment	SIP: ₹500 & Lumpsum: ₹1000
Expense ratio	0.93% as on Sep 30, 2025
Plan type	Regular
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 Oct 26, 2025

Period	This fund	Category average
1 Month	0.38%	0.39%
3 Months	1.24%	1.23%
6 Months	2.68%	2.67%
1 Year	6.23%	6.19%
2 Years	6.88%	6.76%
3 Years	6.84%	6.83%
4 Years	5.99%	5.99%
5 Years	5.49%	5.48%
7 Years	5.3%	5.39%
10 Years	5.47%	5.68%

Asset allocationas on Sep 30, 2025

Large Cap -0.38%

Mid Cap -0.07%

Small Cap -0.01%

Other Cap -0%

Top holdings

HDFC Bank Ltd.5.75%

ICICI Bank Ltd.5.29%

Reliance Industries Ltd.4.09%

Axis Bank Ltd.3.43%

Top sectors

Financial 25.16%

Energy 7.559999999999999%

Services 5.83%

Capital Goods 4.799999999999999%

Cash 75.01526756%

A1+ 16.75223723%

AAA 3.10002657%

Cash & Call Money 2.69711743%

Top Debt Holdings

Bank Of Baroda 1.34%

Canara Bank 0.77%

National Bank For Agriculture & Rural Development 0.5%

Bajaj Finance Ltd. 0.34%

Allocation by Instruments

Cash Margin 75.01526756%

Mutual Fund 18.52506603%

Repo 2.71689935%

Certificate of Deposit 2.1212163800000003%

Other Holdings

HDFC Money Market Fund Direct-Growth 10.88%

HDFC Liquid Fund - Direct Plan 5.23%

Others 2.72%

HDFC Low Duration Fund Direct-Growth 1.54%

Detailed portfolio analysis

Peer comparison

Fund name	1M	6M	1Y	3Y	5Y	10Y
HDFC Arbitrage Fund	0.38%	2.68%	6.23%	6.84%	5.49%	5.47%
Invesco India Arbitrage Fund	0.41%	2.8%	6.38%	7.15%	5.86%	5.8%
Tata Arbitrage Fund	0.4%	2.78%	6.38%	6.98%	5.63%	3.87%
ICICI Prudential Equity Arbitrage Fund	0.39%	2.76%	6.44%	7.04%	5.71%	5.79%
Edelweiss Arbitrage Fund	0.39%	2.72%	6.37%	7.05%	5.74%	5.85%
Axis Arbitrage Fund	0.4%	2.69%	6.3%	6.9%	5.62%	5.68%

Fund name	Std. deviation	Beta	Sharpe	Sortino
HDFC Arbitrage Fund	0.44	0.15	0.63	1.04
Invesco India Arbitrage Fund	0.39	0.16	1.52	2.58
Tata Arbitrage Fund	0.39	0.3	1.04	1.61
ICICI Prudential Equity Arbitrage Fund	0.41	0.33	1.13	1.67
Edelweiss Arbitrage Fund	0.43	0.27	1.11	1.86
Axis Arbitrage Fund	0.42	0.31	0.77	1.12

Fund name	ETM Rank	AUM	Fund age	Expense ratio
HDFC Arbitrage Fund	N.A.	21,984 Cr	18 yrs	0.93%
Invesco India Arbitrage Fund	N.A.	27,023 Cr	18 yrs 6 m	1.06%
Tata Arbitrage Fund	N.A.	19,150 Cr	6 yrs 10 m	1.09%
ICICI Prudential Equity Arbitrage Fund	N.A.	32,573 Cr	18 yrs 11 m	0.95%
Edelweiss Arbitrage Fund	N.A.	16,053 Cr	11 yrs 4 m	1.07%
Axis Arbitrage Fund	N.A.	7,578 Cr	11 yrs 3 m	1.02%

View all Arbitrage funds

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

Alpha	0.55 vs. 1.89 Underperformed at beating benchmark
Sharpe	0.63 vs. 1.89 Poor risk-adjusted returns
Beta	0.15 vs. 0.36 Less sensitive to market ups & downs
Standard deviation	0.44 vs. 0.31 More volatile performance

Compare HDFC Arbitrage Fund in detail with

About this fund

About HDFC Arbitrage Fund

HDFC Arbitrage Fund is a Arbitrage mutual fund scheme from Hdfc Mutual Fund. This fund has been in existence for 18 yrs, having been launched on 28/09/2007. HDFC Arbitrage Fund has ₹21,984 Crores worth of assets under management (AUM) as on 30/09/2025 and is medium-sized fund of its category. The latest Net Asset Value (NAV) of HDFC Arbitrage Fund as of 20/10/2025 is ₹30.18. The fund has an expense ratio of 0.93%, which is higher than what most other Arbitrage funds charge. Currently, the fund has a -0.47% allocation to equity and 22.75% to Debt.

HDFC Arbitrage Fund returns of last 1-year are 6.52%. Since launch, it has delivered 6.33% average annual returns. The fund has doubled the money invested in it every 13 yrs.
HDFC Arbitrage Fund 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 above 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	21,984 Cr as on Sep 30, 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.	1,03,041 Cr	6.17%	24.13%
HDFC Retirement Savings Fund - Hybrid Equity Plan	N.A.	1,681 Cr	4.17%	17.66%
HDFC Hybrid Equity Fund	N.A.	24,081 Cr	6.49%	17.37%
HDFC Multi Asset Fund	N.A.	4,930 Cr	10.52%	15.66%
HDFC Multi-Asset Active FoF	N.A.	4,793 Cr	11.81%	N.A.
HDFC Equity Savings Fund	N.A.	5,739 Cr	5.62%	12.58%

See all Hybrid funds from this AMC

Frequently asked questions

What is the current NAV of HDFC Arbitrage Fund?

The current Net Asset Value (NAV) of the HDFC Arbitrage Fund plan is approximately ₹30.178 as of Oct 20, 2025.

What are the returns of this mutual fund scheme?

The HDFC Arbitrage Fund is a 18 yrs old fund and has delivered average annual returns of 6.32% since inception.

HDFC Arbitrage Fund Returns

1-Year	3-Year	5-Year	10-Year	Since Inception
6.23%	6.84%	5.49%	5.47%	6.32%

How much does this mutual fund charge as expense ratio?

The HDFC Arbitrage Fund has an expense ratio of 0.93%, 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 21,984 Cr as on Sep 30, 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 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

Return Outperformance: This fund has generated highest return amongst Arbitrage funds in the last 2 Years.
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 0.25% if redeemed within 1 month