ICICI Prudential Equity Arbitrage Direct-Growth

Q: What are the returns of ICICI Prudential Equity Arbitrage Fund?

The ICICI Prudential Equity Arbitrage Fund is a 12 yrs 6 m old fund and has delivered average annual returns of 7.05% since inception. ICICI Prudential Equity Arbitrage Fund Returns 1-Year 3-Year 5-Year 10-Year Since Inception 7.46% 7.57% 6.2% 6.42% 7.05%

NAV as of Jul 21, 2025	Returns since inception	ET Money Rank	AUM (Fund size)
₹36.9167+0.03% 1 day change	7.05% p.a.	#NA View Ranked Funds	₹28,444 Cr

Historical NAV & returns

NAV: ₹36.9167 as on Jul 21, 2025

This fund Category average

ICICI Prudential Equity Arbitrage Fund overview

Expense ratio	0.4% as on May 31, 2025
Exit load	0.25% Exit load of 0.25% if redeemed within 1 month!
AUM (Fund size)	₹28,444 Cr
Lock-in Period	Nil
Age	12 yrs 6 m since Jan 01, 2013
Benchmark	Nifty 50 Arbitrage
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 Jul 22, 2025

Period	This fund	Category average
1 Month	0.41%	0.42%
3 Months	1.55%	1.52%
6 Months	3.6%	3.51%
1 Year	7.46%	7.27%
2 Years	7.92%	7.78%
3 Years	7.57%	7.44%
4 Years	6.67%	6.54%
5 Years	6.2%	6.12%
7 Years	6.25%	6.08%
10 Years	6.42%	6.38%

Asset allocationas on May 31, 2025

Large Cap -0.31%

Mid Cap -0.06%

Small Cap -0.02%

Other Cap -0%

Top holdings

HDFC Bank Ltd.5.66%

Reliance Industries Ltd.3.55%

Bharti Airtel Ltd.3.42%

Infosys Ltd.2.68%

Top sectors

Financial 16.959999999999997%

Technology 6.78%

Energy 6.45%

Services 5.729999999999999%

Cash 69.71824452%

A1+ 20.19081955%

Cash & Call Money 3.81166385%

AAA 3.3786791%

Top Debt Holdings

Canara Bank 2.11%

Union Bank of India 1.6%

National Bank For Agriculture & Rural Development 1.51%

Kotak Mahindra Bank Ltd. 1.01%

Allocation by Instruments

Cash Margin 69.71824452%

Mutual Fund 17.027181419999998%

Certificate of Deposit 9.78985855%

Repo 4.15287913%

Other Holdings

ICICI Prudential Money Market Direct-Growth 10.77%

ICICI Prudential Savings Fund Direct Plan -Growth 6.26%

Others 4.15%

Peer comparison

Fund name	ETM Rank	AUM	Fund age	Expense ratio
ICICI Prudential Equity Arbitrage Fund	N.A.	28,444 Cr	12 yrs 6 m	0.4%
Tata Arbitrage Fund	N.A.	14,982 Cr	6 yrs 7 m	0.31%
Invesco India Arbitrage Fund	N.A.	22,341 Cr	12 yrs 6 m	0.39%
Edelweiss Arbitrage Fund	N.A.	15,137 Cr	11 yrs 1 m	0.38%
Axis Arbitrage Fund	N.A.	5,746 Cr	11 yrs	0.33%
Aditya Birla Sun Life Arbitrage Fund	N.A.	14,236 Cr	12 yrs 6 m	0.31%

Fund name	1M	6M	1Y	3Y	5Y	10Y
ICICI Prudential Equity Arbitrage Fund	0.41%	3.6%	7.46%	7.57%	6.2%	6.42%
Tata Arbitrage Fund	0.45%	3.72%	7.6%	7.7%	6.39%	4.26%
Invesco India Arbitrage Fund	0.45%	3.63%	7.5%	7.82%	6.45%	6.5%
Edelweiss Arbitrage Fund	0.42%	3.63%	7.51%	7.7%	6.39%	6.61%
Axis Arbitrage Fund	0.43%	3.64%	7.42%	7.5%	6.25%	6.51%
Aditya Birla Sun Life Arbitrage Fund	0.43%	3.73%	7.56%	7.64%	6.28%	6.43%

Fund name	Std. deviation	Beta	Sharpe	Sortino
ICICI Prudential Equity Arbitrage Fund	0.51	0.52	1.8	1.87
Tata Arbitrage Fund	0.49	0.53	2.13	2.31
Invesco India Arbitrage Fund	0.47	0.34	2.46	2.72
Edelweiss Arbitrage Fund	0.54	0.49	1.93	2.02
Axis Arbitrage Fund	0.54	0.57	1.55	1.55
Aditya Birla Sun Life Arbitrage Fund	0.52	0.55	1.9	1.95

View all Arbitrage funds

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

Alpha	1.9 vs. 2.7 Underperformed at beating benchmark
Sharpe	1.8 vs. 2.44 Poor risk-adjusted returns
Beta	0.52 vs. 0.75 Less sensitive to market ups & downs
Standard deviation	0.51 vs. 0.4 More volatile performance

Compare ICICI Prudential Equity Arbitrage Fund in detail with

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 12 yrs 6 m, having been launched on 01/01/2013. ICICI Prudential Equity Arbitrage Direct-Growth has ₹28,444 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 ICICI Prudential Equity Arbitrage Direct-Growth as of 21/07/2025 is ₹36.92. The fund has an expense ratio of 0.4%, which is close to what most other Arbitrage funds charge. Currently, the fund has a -0.39% allocation to equity and 26.16% to Debt.

ICICI Prudential Equity Arbitrage Direct-Growth returns of last 1-year are 7.41%. Since launch, it has delivered 7.06% 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 Unclassified, Financial, Technology, Energy, Services sectors. It has taken less exposure in Unclassified, Financial 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, ICICI Prudential Savings Fund Direct Plan -Growth, HDFC Bank Ltd., Reliance Industries Ltd., Bharti Airtel Ltd..

...

Fund AUM	28,444 Cr as on May 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	97 view all schemes
Total AUM	9,83,726 Cr as on Jun 30, 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 Equity & Debt Fund	N.A.	42,340 Cr	7.65%	25.9%
ICICI Prudential Multi Asset Fund	N.A.	59,452 Cr	10.65%	24.7%
ICICI Prudential Retirement Fund - Hybrid Aggressive Plan	N.A.	790 Cr	9.85%	22.93%
ICICI Prudential Asset Allocator Fund (FOF)	N.A.	26,071 Cr	10.64%	17.15%
ICICI Prudential Balanced Advantage Fund	N.A.	62,528 Cr	8.31%	15.52%
ICICI Prudential Regular Savings Fund	N.A.	3,188 Cr	9.46%	11.19%

See all Hybrid funds from this AMC

Frequently asked questions

What is the current NAV of ICICI Prudential Equity Arbitrage Fund?

The current Net Asset Value (NAV) of the ICICI Prudential Equity Arbitrage Fund - Direct Growth plan is approximately ₹36.9167 as of Jul 21, 2025.

What are the returns of this mutual fund scheme?

The ICICI Prudential Equity Arbitrage Fund is a 12 yrs 6 m old fund and has delivered average annual returns of 7.05% since inception.

ICICI Prudential Equity Arbitrage Fund Returns

1-Year	3-Year	5-Year	10-Year	Since Inception
7.46%	7.57%	6.2%	6.42%	7.05%

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%, 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 ICICI Prudential Equity Arbitrage Fund currently has assets under management (AUM) or fund size valued at approximately 28,444 Cr as on May 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 Fund?

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 ICICI Prudential Equity Arbitrage Fund 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 ICICI Prudential Equity Arbitrage Fund is complete.

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

Redeeming your investments in ICICI Prudential Equity Arbitrage Fund 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 ICICI Prudential Equity Arbitrage Fund from anywhere else, you can go to the fund house website and put a request through it.

ET Money rank

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