HDFC Income Plus Arbitrage Active FoF Regular-Growth

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

The HDFC Income Plus Arbitrage Active FoF is a 13 yrs 7 m old fund and has delivered average annual returns of 10.56% since inception. HDFC Income Plus Arbitrage Active FoF Returns 1-Year 3-Year 5-Year 10-Year Since Inception -1.16% 12.34% 14.8% 11.62% 10.56%

NAV as of Sep 03, 2025	Returns since inception	ET Money Rank	AUM (Fund size)
₹39.1541+0.05% 1 day change	10.56% p.a.	App exclusive #NA View Ranked Funds	₹638 Cr

Historical NAV & returns

NAV: ₹39.1541 as on Sep 03, 2025

This fund Category average

HDFC Income Plus Arbitrage Active FoF overview

Expense ratio	0.42% as on Aug 31, 2025
Plan type	Regular
Exit load	0%
AUM (Fund size)	₹638 Cr
Lock-in Period	Nil
Age	13 yrs 7 m since Jan 17, 2012
Benchmark	NA
Min. investment	SIP: ₹500 & Lumpsum: ₹5000
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 Sep 04, 2025

Period	This fund	Category average
1 Month	-0.11%	-0.03%
3 Months	0.64%	0.79%
6 Months	5.42%	4.14%
1 Year	-1.16%	5.64%
2 Years	9.67%	8.98%
3 Years	12.34%	9.38%
4 Years	10.85%	7.29%
5 Years	14.8%	8.57%
7 Years	11.59%	8.54%
10 Years	11.62%	8.29%

Asset allocationas on May 31, 2025

Large Cap -0.06%

Mid Cap -0.04%

Small Cap -0.05%

Other Cap -0%

Top holdings

Bifurcation by Holding is not available for this fund

Top sectors

Bifurcation by Sector is not available for this fund

AAA 48.836255%

Cash 30.103454%

SOV 12.059882%

A1+ 5.752447%

Top Debt Holdings

Bifurcation by Holding is not available for this fund

Allocation by Instruments

Bifurcation by Instrument is not available for this fund

Other Holdings

HDFC Corporate Bond Fund Direct Plan-Growth 60.28%

HDFC Arbitrage Fund Wholesale Direct-Growth 38.76%

Others 1.24%

Detailed portfolio analysis

Peer comparison

Fund name	ETM Rank	AUM	Fund age	Expense ratio
HDFC Income Plus Arbitrage Active FoF	N.A.	638 Cr	13 yrs 7 m	0.42%
Axis Income Plus Arbitrage Active FoF	N.A.	383 Cr	5 yrs 7 m	0.45%
Bandhan Income Plus Arbitrage Active FoF	N.A.	463 Cr	21 yrs	0.29%
ICICI Prudential Income Plus Arbitrage Active FoF	N.A.	594 Cr	21 yrs 9 m	0.28%
HSBC Income Plus Arbitrage Active FoF	N.A.	49 Cr	11 yrs 4 m	0.49%

Fund name	1M	6M	1Y	3Y	5Y	10Y
HDFC Income Plus Arbitrage Active FoF	-0.11%	5.42%	-1.16%	12.34%	14.8%	11.62%
Axis Income Plus Arbitrage Active FoF	-0.02%	5.17%	7.78%	7.56%	6.44%	3.81%
Bandhan Income Plus Arbitrage Active FoF	0.0%	3.97%	7.6%	7.09%	5.63%	7.06%
ICICI Prudential Income Plus Arbitrage Active FoF	0.15%	4.78%	5.44%	11.44%	10.94%	8.85%
HSBC Income Plus Arbitrage Active FoF	-0.03%	3.96%	5.03%	7.12%	6.11%	6.41%

Fund name	Std. deviation	Beta	Sharpe	Sortino
HDFC Income Plus Arbitrage Active FoF	6.05	N.A.	0.93	1.37
Axis Income Plus Arbitrage Active FoF	1.87	N.A.	0.54	0.95
Bandhan Income Plus Arbitrage Active FoF	0.96	N.A.	0.58	1.0
ICICI Prudential Income Plus Arbitrage Active FoF	3.18	N.A.	1.45	2.8
HSBC Income Plus Arbitrage Active FoF	1.97	N.A.	0.28	0.42

View all Tax Efficient Income funds

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

Alpha	N.A.
Sharpe	0.93 vs. 0.56 Better risk-adjusted return
Beta	N.A.
Standard deviation	6.05 vs. 1.59 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 Regular-Growth is a Tax Efficient Income mutual fund scheme from Hdfc Mutual Fund. This fund has been in existence for 13 yrs 7 m, having been launched on 17/01/2012. HDFC Income Plus Arbitrage Active FoF Regular-Growth has ₹638 Crores worth of assets under management (AUM) as on 31/05/2025 and is medium-sized fund of its category. The latest Net Asset Value (NAV) of HDFC Income Plus Arbitrage Active FoF Regular-Growth as of 03/09/2025 is ₹39.15. The fund has an expense ratio of 0.42%, which is higher than what most other Tax Efficient Income funds charge.

HDFC Income Plus Arbitrage Active FoF Regular-Growth returns of last 1-year are -1.24%. Since launch, it has delivered 10.57% 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.

...

Fund AUM	638 Cr as on May 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	77 view all schemes
Total AUM	8,37,348 Cr as on Jun 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	3Y
HDFC Floating Rate Debt Fund	N.A.	15,221 Cr	8.11%	7.84%
HDFC Short Term Debt Fund	N.A.	15,486 Cr	8.18%	7.59%
HDFC Corporate Bond Fund	N.A.	34,775 Cr	7.83%	7.52%
HDFC Money Market Fund	N.A.	31,792 Cr	7.8%	7.42%
HDFC Credit Risk Debt Fund	N.A.	7,112 Cr	7.76%	7.29%

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 ₹39.1541 as of Sep 03, 2025.

What are the returns of this mutual fund scheme?

The HDFC Income Plus Arbitrage Active FoF is a 13 yrs 7 m old fund and has delivered average annual returns of 10.56% since inception.

HDFC Income Plus Arbitrage Active FoF Returns

1-Year	3-Year	5-Year	10-Year	Since Inception
-1.16%	12.34%	14.8%	11.62%	10.56%

How much does this mutual fund charge as expense ratio?

The HDFC Income Plus Arbitrage Active FoF - Direct Growth has an expense ratio of 0.42%, 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 638 Cr as on May 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	48.836255%
Cash	30.103454%
SOV	12.059882%

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?

HDFC Income Plus Arbitrage Active FoF Regular-Growth is the regular plan of the fund. For this plan of you pay 0.42% as annual charges. On the other hand if you go for the direct plan available on ET Money, you pay 0.07%. That's 0.35% less.

Regular plans charge more because when you buy them, the fund pays commission to the agent. This is an additional expense for the fund and to cover this expense, the fund takes a bigger share from the returns generated by your investments.

So, the lower annual cost of the direct plan means you will earn 0.35% if you opt for direct plan of HDFC Income Plus Arbitrage Active FoF

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

App exclusive

in Tax Efficient Income

#NA

Return Consistency: This fund is one of the best in generating consistent return in it's category.
Return Outperformance: This fund has generated highest return amongst Tax Efficient Income funds in the last 10 Years.
Chance: This fund has generated a 9.38% annual return in 70% of times for investors holding for at least 5 years.
Exit Load: This fund has no exit load.
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.