HDFC Income Plus Arbitrage Active FoF

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

The HDFC Income Plus Arbitrage Active FoF is a 13 yrs 9 m old fund and has delivered average annual returns of 10.55% since inception. HDFC Income Plus Arbitrage Active FoF Returns 1-Year 3-Year 5-Year 10-Year Since Inception 1.72% 12.61% 14.86% 11.05% 10.55%

NAV as of Oct 20, 2025	Returns since inception	ET Money Rank	AUM (Fund size)
₹39.5947+0.02% 1 day change	10.55% p.a.	App exclusive #NA View Ranked Funds	₹1,725 Cr

Historical NAV & returns

NAV: ₹39.5947 as on Oct 20, 2025

This fund Category average

HDFC Income Plus Arbitrage Active FoF overview

AUM (Fund size)	₹1,725 Cr
Exit load	0%
Lock-in Period	Nil
Age	13 yrs 9 m since Jan 17, 2012
Benchmark	NA
Min. investment	SIP: ₹500 & Lumpsum: ₹1000
Expense ratio	0.42% as on Sep 30, 2025
Plan type	Regular
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 Oct 25, 2025

Period	This fund	Category average
1 Month	0.73%	0.65%
3 Months	1.16%	1.2%
6 Months	2.73%	2.82%
1 Year	1.72%	6.15%
2 Years	10.83%	9.91%
3 Years	12.61%	9.66%
4 Years	10.69%	7.35%
5 Years	14.86%	8.55%
7 Years	12.72%	8.94%
10 Years	11.05%	8.13%

Asset allocationas on Sep 30, 2025

Large Cap -0.14%

Mid Cap -0.03%

Small Cap -0%

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 47.324294%

Cash 28.340768%

SOV 13.600392%

A1+ 6.905635%

Top Debt Holdings

Bifurcation by Holding is not available for this fund

Allocation by Instruments

Mutual Fund 99.06%

Repo 0.97%

Other Holdings

HDFC Corporate Bond Fund Direct Plan-Growth 60.64%

HDFC Arbitrage Fund Wholesale Direct-Growth 37.78%

Others 0.97%

HDFC Money Market Fund Direct-Growth 0.64%

Detailed portfolio analysis

Peer comparison

Fund name	1M	6M	1Y	3Y	5Y	10Y
HDFC Income Plus Arbitrage Active FoF	0.73%	2.73%	1.72%	12.61%	14.86%	11.05%
Axis Income Plus Arbitrage Active FoF	0.68%	2.86%	7.93%	7.97%	6.37%	3.93%
Bandhan Income Plus Arbitrage Active FoF	0.57%	2.88%	7.48%	7.36%	5.64%	6.99%
ICICI Prudential Income Plus Arbitrage Active FoF	0.66%	3.21%	6.13%	11.45%	10.85%	8.79%
HSBC Income Plus Arbitrage Active FoF	0.64%	2.63%	5.6%	7.51%	6.0%	6.29%

Fund name	Std. deviation	Beta	Sharpe	Sortino
HDFC Income Plus Arbitrage Active FoF	5.98	N.A.	1.01	1.47
Axis Income Plus Arbitrage Active FoF	1.81	N.A.	0.7	1.23
Bandhan Income Plus Arbitrage Active FoF	0.9	N.A.	0.8	1.43
ICICI Prudential Income Plus Arbitrage Active FoF	3.13	N.A.	1.54	2.95
HSBC Income Plus Arbitrage Active FoF	1.85	N.A.	0.52	0.79

Fund name	ETM Rank	AUM	Fund age	Expense ratio
HDFC Income Plus Arbitrage Active FoF	N.A.	1,725 Cr	13 yrs 9 m	0.42%
Axis Income Plus Arbitrage Active FoF	N.A.	1,717 Cr	5 yrs 9 m	0.45%
Bandhan Income Plus Arbitrage Active FoF	N.A.	1,546 Cr	21 yrs 2 m	0.29%
ICICI Prudential Income Plus Arbitrage Active FoF	N.A.	1,820 Cr	21 yrs 11 m	0.23%
HSBC Income Plus Arbitrage Active FoF	N.A.	629 Cr	11 yrs 6 m	0.49%

View all Tax Efficient Income funds

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

Alpha	N.A.
Sharpe	1.01 vs. 2.1 Poor risk-adjusted returns
Beta	N.A.
Standard deviation	5.98 vs. 1.41 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 is a Tax Efficient Income mutual fund scheme from Hdfc Mutual Fund. This fund has been in existence for 13 yrs 9 m, having been launched on 17/01/2012. HDFC Income Plus Arbitrage Active FoF has ₹1,725 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 Income Plus Arbitrage Active FoF as of 20/10/2025 is ₹39.59. 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 returns of last 1-year are -0.22%. Since launch, it has delivered 10.56% 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 Money Market Fund Direct-Growth.

...

Fund AUM	1,725 Cr as on Sep 30, 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	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	3Y
HDFC Nifty G-Sec July 2031 Index	N.A.	677 Cr	8.79%	N.A.
HDFC Nifty G-Sec Sep 2032 Index	N.A.	654 Cr	8.46%	N.A.
HDFC Floating Rate Debt Fund	N.A.	15,446 Cr	8.04%	7.96%
HDFC Corporate Bond Fund	N.A.	35,574 Cr	7.89%	7.96%
HDFC NIFTY G-Sec Jun 2036 Index Fund	N.A.	966 Cr	7.63%	N.A.

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 plan is approximately ₹39.5947 as of Oct 20, 2025.

What are the returns of this mutual fund scheme?

The HDFC Income Plus Arbitrage Active FoF is a 13 yrs 9 m old fund and has delivered average annual returns of 10.55% since inception.

HDFC Income Plus Arbitrage Active FoF Returns

1-Year	3-Year	5-Year	10-Year	Since Inception
1.72%	12.61%	14.86%	11.05%	10.55%

How much does this mutual fund charge as expense ratio?

The HDFC Income Plus Arbitrage Active FoF has an expense ratio of 0.42%, 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 Income Plus Arbitrage Active FoF currently has assets under management (AUM) or fund size valued at approximately 1,725 Cr as on Sep 30, 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	47.324294%
Cash	28.340768%
SOV	13.600392%

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

Redeeming your investments in the HDFC Income Plus Arbitrage Active FoF 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 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 9.41% 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.