HDFC Income Plus Arbitrage Active FoF Direct-Growth

Q: What are the returns of HDFC Income Plus Arbitrage Active FoF?

The HDFC Income Plus Arbitrage Active FoF is a 12 yrs 5 m old fund and has delivered average annual returns of 11.66% since inception. HDFC Income Plus Arbitrage Active FoF Returns 1-Year 3-Year 5-Year 10-Year Since Inception 5.66% 15.65% 17.81% 12.23% 11.66%

NAV as of Jun 05, 2025	Returns since inception	ET Money Rank	AUM (Fund size)
₹42.8871+0.03% 1 day change	11.66% p.a.	#NA View Ranked Funds	₹70 Crs

Historical NAV & returns

NAV: ₹42.8871 as on Jun 05, 2025

This fund Category average

HDFC Income Plus Arbitrage Active FoF overview

Expense ratio	0.07% as on May 31, 2025
Exit load	0% Exit load of 1% if redeemed within 1 year.!
AUM (Fund size)	₹70 Crs
Lock-in	No Lockin
Age	12 yrs 5 m since Jan 01, 2013
Benchmark	NA
Min. investment	SIP ₹100 & Lump. ₹100
Risk	Moderate
Tax on your gains	Profits are added to your income and taxed as per your slab rate

HDFC Income Plus Arbitrage Active FoF 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 Jun 06, 2025

Period	This fund	Category average
1 Month	0.85%	0.8%
3 Months	3.35%	2.6%
6 Months	-2.31%	0.92%
1 Year	5.66%	8.86%
2 Years	14.18%	13.25%
3 Years	15.65%	12.89%
4 Years	13.04%	10.04%
5 Years	17.81%	13.25%
7 Years	12.96%	10.96%
10 Years	12.23%	9.8%

Asset allocationas on Mar 31, 2025

Large Cap -0.043736%

Mid Cap -0.028390999999999996%

Small Cap -0.037884%

Other Cap 1.0999999999989996E-5%

Top holdings

Bifurcation by Holding is not available for this fund

Top sectors

Bifurcation by Sector is not available for this fund

AAA 44.148917%

Cash 26.590731%

SOV 17.868011%

A1+ 7.43848%

Top Debt Holdings

Bifurcation by Holding is not available for this fund

Allocation by Instruments

Mutual Fund 99.57%

Repo 0.24%

Net Current Assets 0.19%

Other Holdings

HDFC Corporate Bond Fund Direct Plan-Growth 53.37%

HDFC Arbitrage Fund Wholesale Direct-Growth 36.59%

HDFC Dynamic Debt Fund Direct Plan-Growth 5.25%

HDFC Income Fund Direct-Growth 4.36%

Peer comparison

Fund name	ETM Rank	AUM (in Crs.)	Fund age	Expense ratio
HDFC Income Plus Arbitrage Active FoF	N.A.	₹70 Crs	12 yrs 5 m	0.07%
ICICI Prudential Income Plus Arbitrage Active FoF	N.A.	₹296 Crs	12 yrs 5 m	0.03%
DSP Income Plus Arbitrage FoF	N.A.	₹436 Crs	10 yrs 10 m	0.43%
UTI Income Plus Arbitrage Active FoF	N.A.	₹76 Crs	2 m	0.05%

Fund name	1M	6M	1Y	3Y	5Y	10Y
HDFC Income Plus Arbitrage Active FoF	0.85%	-2.31%	5.66%	15.65%	17.81%	12.23%
ICICI Prudential Income Plus Arbitrage Active FoF	0.75%	3.21%	11.03%	12.68%	13.03%	9.5%
DSP Income Plus Arbitrage FoF	0.74%	1.87%	9.9%	10.33%	8.91%	7.66%
UTI Income Plus Arbitrage Active FoF	0.86%	1.77%	1.77%	0.59%	0.35%	0.18%

Fund name	Std. deviation	Beta	Sharpe	Sortino
HDFC Income Plus Arbitrage Active FoF	6.94	N.A.	1.22	1.86
ICICI Prudential Income Plus Arbitrage Active FoF	3.42	N.A.	1.65	2.79
DSP Income Plus Arbitrage FoF	9.33	N.A.	0.42	0.64
UTI Income Plus Arbitrage Active FoF	N.A.	N.A.	N.A.	N.A.

View all Tax Efficient Income funds

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

Alpha	N.A.
Sharpe	1.22 vs. 3.03 Poor risk-adjusted returns
Beta	N.A.
Standard deviation	6.94 vs. 4.36 More volatile performance

Compare HDFC Income Plus Arbitrage Active FoF in detail with

About this fund

About HDFC Income Plus Arbitrage Active FoF

HDFC Income Plus Arbitrage Active FoF Direct-Growth is a Tax Efficient Income mutual fund scheme from Hdfc Mutual Fund. This fund has been in existence for 12 yrs 5 m, having been launched on 01/01/2013. HDFC Income Plus Arbitrage Active FoF Direct-Growth has ₹70 Crores worth of assets under management (AUM) as on 31/03/2025 and is medium-sized fund of its category. The latest Net Asset Value (NAV) of HDFC Income Plus Arbitrage Active FoF Direct-Growth as of 05/06/2025 is ₹42.89. The fund has an expense ratio of 0.07%, which is close to what most other Tax Efficient Income funds charge.

HDFC Income Plus Arbitrage Active FoF Direct-Growth returns of last 1-year are 6.56%. Since launch, it has delivered 11.66% average annual returns. The fund has doubled the money invested in it every 5 yrs.
The fund's credit profile is moderate indicating it has lent to borrowers whose quality is good. Most funds in this category lend to better borrowers and hence the risk of default in this fund is higher than the category.
The fund's top holdings are in HDFC Corporate Bond Fund Direct Plan-Growth, HDFC Arbitrage Fund Wholesale Direct-Growth, HDFC Dynamic Debt Fund Direct Plan-Growth, HDFC Income Fund Direct-Growth.

...

Fund AUM	₹70 Crs as on Mar 31, 2025
Scheme document	View Scheme Document

Fund managers

Srinivasan Ramamurthy

Mr. Ramamurthy is an engineer by qualification from Jadavpur University and has done his MBA from IIM - Calcutta. Prior to joining HDFC Asset Management Company Limited, he has worked with Mahindra Mutual Fund, IDBI Federal Life Insurance, IIFL Capital Limited, Maybank Kim Eng, Credit Suisse and KPMG Advisory.

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.

Investment objective

The scheme seeks to generate income / long-term capital appreciation by investing in units of Arbitrage and Debt schemes.

HDFC Mutual Fund details

No. of schemes	75 view all schemes
Total AUM	₹7,80,967 Crs as on Mar 31, 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 (in Crs.)	1Y	3Y
HDFC Income Fund	N.A.	₹885 Crs	11.05%	9.13%
HDFC Gilt Fund	N.A.	₹2,907 Crs	11.45%	9.02%
HDFC Dynamic Debt Fund	N.A.	₹778 Crs	10.79%	8.96%
HDFC Medium Term Debt Fund	N.A.	₹3,861 Crs	10.42%	8.64%
HDFC Corporate Bond Fund	N.A.	₹32,527 Crs	10.46%	8.59%

See all Debt funds from this AMC

Frequently asked questions

What is the current NAV of HDFC Income Plus Arbitrage Active FoF?

The current Net Asset Value (NAV) of the HDFC Income Plus Arbitrage Active FoF - Direct Growth plan is approximately ₹42.8871 as of Jun 05, 2025.

What are the returns of this mutual fund scheme?

The HDFC Income Plus Arbitrage Active FoF is a 12 yrs 5 m old fund and has delivered average annual returns of 11.66% since inception.

HDFC Income Plus Arbitrage Active FoF Returns

1-Year	3-Year	5-Year	10-Year	Since Inception
5.66%	15.65%	17.81%	12.23%	11.66%

How much does this mutual fund charge as expense ratio?

The HDFC Income Plus Arbitrage Active FoF - Direct Growth has an expense ratio of 0.07%, 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 HDFC Income Plus Arbitrage Active FoF currently has assets under management (AUM) or fund size valued at approximately ₹70 Crs crore as of Mar 31, 2025.

What is the quality of borrowers this mutual fund scheme lends to?

The credit rating of the instruments in which the fund invests represents the quality of the borrower.

The HDFC Income Plus Arbitrage Active FoF allocation by credit quality is given below

Credit Quality	Percentage of Portfolio
AAA	44.148917%
Cash	26.590731%
SOV	17.868011%

What is risk level of HDFC Income Plus Arbitrage Active FoF?

This is a Tax Efficient Income fund comes with Moderate 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 Income Plus Arbitrage Active FoF?

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 HDFC Income Plus Arbitrage Active FoF 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 HDFC Income Plus Arbitrage Active FoF is complete.

How can I redeem my investments in HDFC Income Plus Arbitrage Active FoF?

Redeeming your investments in HDFC Income Plus Arbitrage Active FoF 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 HDFC Income Plus Arbitrage Active FoF from anywhere else, you can go to the fund house website and put a request through it.

ET Money rank

in Tax Efficient Income

#NA

Return Outperformance: This fund has generated highest return amongst Tax Efficient Income funds in the last 10 Years.
Chance: This fund has generated a 10.11% annual return in 70% of times for investors holding for at least 5 years.
Age: This is the 2nd oldest Tax Efficient Income fund.
Expense Ratio: This fund has the 3rd lowest expense ratio amongst actively/passively managed Tax Efficient Income funds.
Exit Load: This fund has no exit load.
Return/Risk: The fund is performing poorly than its category.