ICICI Prudential Equity Arbitrage Direct-Growth

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

The ICICI Prudential Equity Arbitrage Direct-Growth is a 13 yrs 1 m old fund and has delivered average annual returns of 7.03% since inception. ICICI Prudential Equity Arbitrage Direct-Growth Returns 1-Year 3-Year 5-Year 10-Year Since Inception 6.89% 7.63% 6.51% 6.41% 7.03%

NAV as of Feb 02, 2026	Returns since inception	ET Money Rank	AUM (Fund size)
₹38.1832-0.01% 1 day change	7.03% p.a.	App exclusive #NA View Ranked Funds	₹32,297 Cr

Historical NAV & returns

NAV: ₹38.1832 as on Feb 02, 2026

This fund Category average

ICICI Prudential Equity Arbitrage Fund overview

Expense ratio	0.4% as on Feb 02, 2026
Exit load	0.25% Exit load of 0.25% if redeemed within 1 month!
AUM (Fund size)	₹32,297 Cr
Lock-in Period	Nil
Age	13 yrs 1 m since Jan 01, 2013
Benchmark	NIFTY 50 Arbitrage TRI
Min. investment	SIP: ₹1000 & 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%

ICICI Prudential Equity 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 Feb 03, 2026

Period	This fund	Category average
1 Month	0.49%	0.5%
3 Months	1.74%	1.55%
6 Months	3.15%	2.95%
1 Year	6.89%	6.6%
2 Years	7.38%	7.16%
3 Years	7.63%	7.47%
4 Years	6.98%	6.84%
5 Years	6.51%	6.36%
7 Years	6.22%	6.1%
10 Years	6.41%	6.28%

Asset allocationas on Dec 31, 2025

Large Cap -0.37%

Mid Cap -0.14%

Small Cap -0.02%

Other Cap -0%

Top holdings

HDFC Bank Ltd.5.19%

Axis Bank Ltd.2.97%

Eternal Ltd.2.92%

ITC Ltd.2.85%

Top sectors

Financial 23.179999999999993%

Services 8.659999999999998%

Energy 6.36%

Metals & Mining 6.070000000000001%

Cash 78.61704625%

A1+ 18.43319092%

SOV 2.52110412%

Cash & Call Money 0.9186543%

Top Debt Holdings

National Bank For Agriculture & Rural Development 1.0%

Canara Bank 0.99%

HDFC Bank Ltd. 0.81%

Bank Of Baroda 0.62%

Allocation by Instruments

Cash Margin 78.61704625%

Mutual Fund 15.72355191%

Certificate of Deposit 4.03493092%

Reverse Repo 1.54809345%

Other Holdings

Others 78.62%

ICICI Prudential Money Market Direct-Growth 15.72%

Detailed portfolio analysis

Peer comparison

Fund name	1M	6M	1Y	3Y	5Y	10Y
ICICI Prudential Equity Arbitrage Fund	0.49%	3.15%	6.89%	7.63%	6.51%	6.41%
Tata Arbitrage Fund	0.47%	3.26%	7.12%	7.78%	6.65%	4.62%
Invesco India Arbitrage Fund	0.51%	3.3%	7.05%	7.8%	6.79%	6.49%
Axis Arbitrage Fund	0.51%	3.21%	6.98%	7.63%	6.58%	6.51%
Edelweiss Arbitrage Fund	0.46%	3.17%	6.88%	7.74%	6.67%	6.59%
Aditya Birla Sun Life Arbitrage Fund	0.48%	3.22%	7.09%	7.74%	6.6%	6.45%

Fund name	Std. deviation	Beta	Sharpe	Sortino
ICICI Prudential Equity Arbitrage Fund	0.36	0.02	3.68	5.41
Tata Arbitrage Fund	0.35	0.06	4.23	6.5
Invesco India Arbitrage Fund	0.35	-0.01	4.25	6.36
Axis Arbitrage Fund	0.36	0.01	3.69	5.4
Edelweiss Arbitrage Fund	0.38	0.04	3.73	5.55
Aditya Birla Sun Life Arbitrage Fund	0.35	0.05	4.02	5.98

Fund name	ETM Rank	AUM	Fund age	Expense ratio
ICICI Prudential Equity Arbitrage Fund	N.A.	32,297 Cr	13 yrs 1 m	0.4%
Tata Arbitrage Fund	N.A.	20,013 Cr	7 yrs 1 m	0.31%
Invesco India Arbitrage Fund	N.A.	27,400 Cr	13 yrs 1 m	0.4%
Axis Arbitrage Fund	N.A.	8,400 Cr	11 yrs 6 m	0.32%
Edelweiss Arbitrage Fund	N.A.	16,270 Cr	11 yrs 7 m	0.39%
Aditya Birla Sun Life Arbitrage Fund	N.A.	25,396 Cr	13 yrs 1 m	0.31%

View all Arbitrage funds

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

Alpha	1.36 vs. 2.77 Underperformed at beating benchmark
Sharpe	3.68 vs. 2.85 Better risk-adjusted return
Beta	0.02 vs. 1.77 Less sensitive to market ups & downs
Standard deviation	0.36 vs. 0.25 More volatile performance

About this fund

About ICICI Prudential Equity Arbitrage Fund

ICICI Prudential Equity Arbitrage Direct-Growth is a Arbitrage mutual fund scheme from Icici Prudential Mutual Fund. This fund has been in existence for 13 yrs 1 m, having been launched on 01/01/2013. ICICI Prudential Equity Arbitrage Direct-Growth has ₹32,297 Crores worth of assets under management (AUM) as on 31/12/2025 and is medium-sized fund of its category. The latest Net Asset Value (NAV) of ICICI Prudential Equity Arbitrage Direct-Growth as of 02/02/2026 is ₹38.18. The fund has an expense ratio of 0.4%, which is close to what most other Arbitrage funds charge. Currently, the fund has a -0.53% allocation to equity and 21.00% to Debt.

ICICI Prudential Equity Arbitrage Direct-Growth returns of last 1-year are 6.90%. Since launch, it has delivered 7.03% average annual returns. The fund has doubled the money invested in it every 11 yrs.
ICICI Prudential Equity Arbitrage Direct-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, Services, Energy, Metals & Mining 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 ICICI Prudential Money Market Direct-Growth, HDFC Bank Ltd., Axis Bank Ltd., Eternal Ltd., ITC Ltd..

...

Fund AUM	32,297 Cr as on Dec 31, 2025
Scheme document	View Scheme Document

Fund managers

Nikhil Kabra

Mr. Kabra is a B.Com and Chartered Accountant. Prior to joining ICICI Prudential AMC from September 25, 2013 he was associated with Sumedha Fiscal Services Limited from October 2012 to September 2013 and Haribhakti & Co. from September 2010 to October 2012.

Archana Nair

Ms. Nair has done B.Com and CA Prior to joining ICICI Prudential Mutual Fund, he has worked with PWC

Ajay Kumar Solanki

Mr. Solanki has done B.Com, CA and CFA Level-III Prior to joining ICICI Prudential Mutual Fund, he has worked with GPS & Associates

Darshil Dedhia

Mr. Dedhia has done CA and CFA. He has been working with ICICI Prudential Mutual Fund since 2013.

Investment objective

The scheme seeks to generate low volatility returns by using arbitrage and other derivative strategies in equity markets and investments in short-term debt portfolio.

ICICI Prudential Mutual Fund details

No. of schemes	104 view all schemes
Total AUM	11,30,333 Cr as on Dec 31, 2025
Address	One BKC , A Wing , 13th Floor, Bandra Kurla Complex, Mumbai, 400051

More funds from ICICI Prudential Mutual Fund

Fund name	ETM Rank	AUM	1Y	5Y
ICICI Prudential Multi Asset Fund	N.A.	78,179 Cr	14.7%	20.95%
ICICI Prudential Equity & Debt Fund	N.A.	49,641 Cr	11.46%	20.15%
ICICI Prudential Retirement Fund - Hybrid Aggressive Plan	N.A.	1,082 Cr	14.6%	17.43%
ICICI Prudential Dynamic Asset Allocation Active FoF	N.A.	29,170 Cr	9.92%	13.42%
ICICI Prudential Balanced Advantage Fund	N.A.	70,535 Cr	10.79%	12.38%
ICICI Prudential Passive Multi-Asset FoF	N.A.	1,416 Cr	18.36%	N.A.

See all Hybrid funds from this AMC

Frequently asked questions

What is the current NAV of ICICI Prudential Equity Arbitrage Direct-Growth?

The current Net Asset Value (NAV) of the ICICI Prudential Equity Arbitrage Fund - Direct Growth plan is approximately ₹38.1832 as of Feb 02, 2026.

What are the returns of this mutual fund scheme?

The ICICI Prudential Equity Arbitrage Direct-Growth is a 13 yrs 1 m old fund and has delivered average annual returns of 7.03% since inception.

ICICI Prudential Equity Arbitrage Direct-Growth Returns

1-Year	3-Year	5-Year	10-Year	Since Inception
6.89%	7.63%	6.51%	6.41%	7.03%

How much does this mutual fund charge as expense ratio?

The ICICI Prudential Equity Arbitrage Fund - Direct Growth has an expense ratio of 0.4%, 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 ICICI Prudential Equity Arbitrage Fund currently has assets under management (AUM) or fund size valued at approximately 32,297 Cr as on Dec 31, 2025.

What is risk level of ICICI Prudential Equity 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 ICICI Prudential Equity Arbitrage Direct-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 ICICI Prudential Equity 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 ICICI Prudential Equity Arbitrage Fund is complete.

How can I redeem my investments in ICICI Prudential Equity Arbitrage Fund?

Redeeming your investments in the ICICI Prudential Equity 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 10 Years.
Age: This is the 2nd oldest Arbitrage fund.
Return/Risk: The fund is performing poorly than its category.
Exit Load: Exit load of 0.25% if redeemed within 1 month