Nippon India Arbitrage Fund Direct-Growth

Q: What are the returns of Nippon India Arbitrage Fund?

The Nippon India Arbitrage Fund is a 12 yrs 8 m old fund and has delivered average annual returns of 7.09% since inception. Nippon India Arbitrage Fund Returns 1-Year 3-Year 5-Year 10-Year Since Inception 7.13% 7.63% 6.34% 6.5% 7.09%

NAV as of Sep 03, 2025	Returns since inception	ET Money Rank	AUM (Fund size)
₹28.9768+0.0% 1 day change	7.09% p.a.	App exclusive #NA View Ranked Funds	₹14,511 Cr

Historical NAV & returns

NAV: ₹28.9768 as on Sep 03, 2025

This fund Category average

Nippon India Arbitrage Fund overview

Expense ratio	0.38% as on Aug 31, 2025
Exit load	0.25% Exit load of 0.25% if redeemed within 1 month!
AUM (Fund size)	₹14,511 Cr
Lock-in Period	Nil
Age	12 yrs 8 m since Jan 01, 2013
Benchmark	NIFTY 50 Arbitrage TRI
Min. investment	SIP: ₹500 & 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%

Nippon India 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 Sep 04, 2025

Period	This fund	Category average
1 Month	0.45%	0.44%
3 Months	1.57%	1.57%
6 Months	3.42%	3.44%
1 Year	7.13%	7.1%
2 Years	7.73%	7.68%
3 Years	7.63%	7.51%
4 Years	6.77%	6.61%
5 Years	6.34%	6.14%
7 Years	6.37%	6.07%
10 Years	6.5%	6.35%

Asset allocationas on May 31, 2025

Large Cap -0.28%

Mid Cap -0.1%

Small Cap -0.03%

Other Cap -0%

Top holdings

Reliance Industries Ltd.3.27%

State Bank of India2.42%

Axis Bank Ltd.2.41%

HDFC Bank Ltd.2.4%

Top sectors

Financial 20.179999999999996%

Energy 7.0200000000000005%

Healthcare 6.609999999999999%

Services 4.700000000000001%

Cash 72.62362322%

A1+ 20.28447349%

Cash & Call Money 3.99027877%

SOV 2.728978%

Top Debt Holdings

HDFC Securities Ltd. 1.45%

Bharti Telecom Ltd. 0.8%

Aditya Birla Capital Ltd. 0.65%

HDFC Bank Ltd. 0.63%

Allocation by Instruments

Cash Margin 70.35985639%

Mutual Fund 15.29725096%

Repo 5.7809793%

Commercial Paper 4.01226094%

Other Holdings

Others 70.36%

Nippon India Money Market Fund Direct-Growth 11.39%

Nippon India Liquid Fund Direct-Growth 3.91%

Detailed portfolio analysis

Peer comparison

Fund name	ETM Rank	AUM	Fund age	Expense ratio
Nippon India Arbitrage Fund	N.A.	14,511 Cr	12 yrs 8 m	0.38%
Tata Arbitrage Fund	N.A.	14,982 Cr	6 yrs 8 m	0.31%
Invesco India Arbitrage Fund	N.A.	25,150 Cr	12 yrs 8 m	0.39%
Edelweiss Arbitrage Fund	N.A.	15,137 Cr	11 yrs 2 m	0.38%
Axis Arbitrage Fund	N.A.	5,746 Cr	11 yrs 1 m	0.33%
Aditya Birla Sun Life Arbitrage Fund	N.A.	14,236 Cr	12 yrs 8 m	0.31%

Fund name	1M	6M	1Y	3Y	5Y	10Y
Nippon India Arbitrage Fund	0.45%	3.42%	7.13%	7.63%	6.34%	6.5%
Tata Arbitrage Fund	0.46%	3.68%	7.47%	7.78%	6.44%	4.33%
Invesco India Arbitrage Fund	0.44%	3.53%	7.31%	7.88%	6.52%	6.47%
Edelweiss Arbitrage Fund	0.44%	3.52%	7.35%	7.76%	6.45%	6.58%
Axis Arbitrage Fund	0.43%	3.55%	7.26%	7.57%	6.34%	6.48%
Aditya Birla Sun Life Arbitrage Fund	0.44%	3.66%	7.43%	7.71%	6.35%	6.4%

Fund name	Std. deviation	Beta	Sharpe	Sortino
Nippon India Arbitrage Fund	0.38	0.29	2.73	4.03
Tata Arbitrage Fund	0.38	0.33	3.17	5.16
Invesco India Arbitrage Fund	0.37	0.17	3.53	6.3
Edelweiss Arbitrage Fund	0.42	0.3	2.81	4.85
Axis Arbitrage Fund	0.4	0.33	2.52	3.75
Aditya Birla Sun Life Arbitrage Fund	0.4	0.36	2.82	4.42

View all Arbitrage funds

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

Alpha	1.58 vs. 2.78 Underperformed at beating benchmark
Sharpe	2.73 vs. 2.82 Poor risk-adjusted returns
Beta	0.29 vs. 1.54 Less sensitive to market ups & downs
Standard deviation	0.38 vs. 0.31 More volatile performance

Compare Nippon India Arbitrage Fund in detail with

About this fund

About Nippon India Arbitrage Fund

Nippon India Arbitrage Fund Direct-Growth is a Arbitrage mutual fund scheme from Nippon India Mutual Fund. This fund has been in existence for 12 yrs 8 m, having been launched on 01/01/2013. Nippon India Arbitrage Fund Direct-Growth has ₹14,511 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 Nippon India Arbitrage Fund Direct-Growth as of 03/09/2025 is ₹28.98. The fund has an expense ratio of 0.38%, which is close to what most other Arbitrage funds charge. Currently, the fund has a -0.41% allocation to equity and 23.79% to Debt.

Nippon India Arbitrage Fund Direct-Growth returns of last 1-year are 7.17%. Since launch, it has delivered 7.10% average annual returns. The fund has doubled the money invested in it every 11 yrs.
Nippon India Arbitrage Fund 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, Energy, Healthcare, Services 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 Nippon India Money Market Fund Direct-Growth, Nippon India Liquid Fund Direct-Growth, Reliance Industries Ltd., State Bank of India, Axis Bank Ltd..

...

Fund AUM	14,511 Cr as on May 31, 2025
Scheme document	View Scheme Document

Fund managers

Rohit Hashmukh Shah

Mr. Shah is a Chartered Accountant and FRM - GARP US He has over 10 years of experience in Equity Dealing. Prior to Joining Dealing team, he was in risk management department of Nippon Life India Asset Management Limited.

Vikash Agarwal

Mr. Agarwal is a B.Com., CA, CFA Prior to joining Nippon AMC, he has worked with HDFC AMC, Larsen & Toubro Ltd.

Investment objective

The scheme seeks to generate income by taking advantage of the arbitrage opportunities that potentially exists between cash and derivative market and within the derivative segment along with investments in debt securities & money market instruments.

Nippon India Mutual Fund details

No. of schemes	71 view all schemes
Total AUM	6,17,875 Cr as on Jun 30, 2025
Address	4th Floor, Tower A, Peninsula Business Park, Ganapatrao Kadam Marg, Lower Parel (W), Mumbai, 400013

More funds from Nippon India Mutual Fund

Fund name	ETM Rank	AUM	1Y	5Y
Nippon India Equity Hybrid Fund	N.A.	3,811 Cr	1.67%	19.67%
Nippon India Multi Asset Allocation Fund	N.A.	5,981 Cr	10.69%	19.22%
Nippon India Multi - Asset Omni FoF	N.A.	598 Cr	9.71%	N.A.
Nippon India Balanced Advantage Fund	N.A.	9,190 Cr	3.14%	14.94%
Nippon India Equity Savings Fund	N.A.	720 Cr	4.0%	10.4%
Nippon India Hybrid Bond Fund	N.A.	827 Cr	8.28%	9.6%

See all Hybrid funds from this AMC

Frequently asked questions

What is the current NAV of Nippon India Arbitrage Fund?

The current Net Asset Value (NAV) of the Nippon India Arbitrage Fund - Direct Growth plan is approximately ₹28.9768 as of Sep 03, 2025.

What are the returns of this mutual fund scheme?

The Nippon India Arbitrage Fund is a 12 yrs 8 m old fund and has delivered average annual returns of 7.09% since inception.

Nippon India Arbitrage Fund Returns

1-Year	3-Year	5-Year	10-Year	Since Inception
7.13%	7.63%	6.34%	6.5%	7.09%

How much does this mutual fund charge as expense ratio?

The Nippon India Arbitrage Fund - Direct Growth has an expense ratio of 0.38%, 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 Nippon India Arbitrage Fund currently has assets under management (AUM) or fund size valued at approximately 14,511 Cr as on May 31, 2025.

What is risk level of Nippon India 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 Nippon India 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 Nippon India 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 Nippon India Arbitrage Fund is complete.

How can I redeem my investments in Nippon India Arbitrage Fund?

Redeeming your investments in Nippon India 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 Nippon India Arbitrage Fund 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 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 Arbitrage funds in the last 10 Years.
Return/Risk: The fund is performing poorly than its category.
Exit Load: Exit load of 0.25% if redeemed within 1 month