Nippon India Arbitrage Fund Direct-Growth

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

The Nippon India Arbitrage Fund Direct-Growth is a 12 yrs 9 m old fund and has delivered average annual returns of 7.08% since inception. Nippon India Arbitrage Fund Direct-Growth Returns 1-Year 3-Year 5-Year 10-Year Since Inception 6.91% 7.65% 6.36% 6.5% 7.08%

NAV as of Oct 20, 2025	Returns since inception	ET Money Rank	AUM (Fund size)
₹29.2095+0.01% 1 day change	7.08% p.a.	App exclusive #NA View Ranked Funds	₹15,516 Cr

Historical NAV & returns

NAV: ₹29.2095 as on Oct 20, 2025

This fund Category average

Nippon India Arbitrage Fund overview

Expense ratio	0.38% as on Sep 30, 2025
Exit load	0.25% Exit load of 0.25% if redeemed within 1 month!
AUM (Fund size)	₹15,516 Cr
Lock-in Period	Nil
Age	12 yrs 9 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 Oct 25, 2025

Period	This fund	Category average
1 Month	0.56%	0.56%
3 Months	1.36%	1.37%
6 Months	2.9%	2.9%
1 Year	6.91%	6.9%
2 Years	7.55%	7.48%
3 Years	7.65%	7.54%
4 Years	6.85%	6.7%
5 Years	6.36%	6.18%
7 Years	6.31%	6.08%
10 Years	6.5%	6.33%

Asset allocationas on Sep 30, 2025

Large Cap -0.32%

Mid Cap -0.12%

Small Cap -0.02%

Other Cap 0%

Top holdings

Reliance Industries Ltd.5.19%

ICICI Bank Ltd.4.03%

HDFC Bank Ltd.2.99%

Axis Bank Ltd.2.84%

Top sectors

Financial 24.299999999999997%

Energy 8.790000000000003%

Metals & Mining 6.16%

Services 4.75%

Cash 75.91554252%

A1+ 13.83068657%

AAA 3.44509087%

SOV 2.581573%

Top Debt Holdings

Muthoot Finance Ltd. 0.81%

Bharti Telecom Ltd. 0.8%

Radhakrishna Securitisation Trust 0.65%

JTPM Metal Traders Ltd. 0.65%

Allocation by Instruments

Cash Margin 75.91554252%

Mutual Fund 18.94602971%

Repo 2.15417332%

Debenture 1.46125851%

Other Holdings

Nippon India Money Market Fund Direct-Growth 10.16%

Nippon India Ultra Short Duration Fund Direct-Growth 6.78%

Others 2.15%

Nippon India Liquid Fund Direct-Growth 2.0%

Detailed portfolio analysis

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

Alpha	1.5 vs. 2.62 Underperformed at beating benchmark
Sharpe	2.67 vs. 2.65 Better risk-adjusted return
Beta	0.25 vs. 1.35 Less sensitive to market ups & downs
Standard deviation	0.39 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 9 m, having been launched on 01/01/2013. Nippon India Arbitrage Fund Direct-Growth has ₹15,516 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 Nippon India Arbitrage Fund Direct-Growth as of 20/10/2025 is ₹29.21. The fund has an expense ratio of 0.38%, which is close to what most other Arbitrage funds charge. Currently, the fund has a -0.46% allocation to equity and 22.93% to Debt.

Nippon India Arbitrage Fund Direct-Growth returns of last 1-year are 7.16%. Since launch, it has delivered 7.09% 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, Metals & Mining, 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 Ultra Short Duration Fund Direct-Growth, Reliance Industries Ltd., ICICI Bank Ltd., HDFC Bank Ltd..

...

Fund AUM	15,516 Cr as on Sep 30, 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	6,63,684 Cr as on Sep 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 Multi Asset Allocation Fund	N.A.	7,759 Cr	17.1%	20.06%
Nippon India Aggressive Hybrid Fund	N.A.	3,960 Cr	7.28%	20.01%
Nippon India Multi - Asset Omni FoF	N.A.	1,265 Cr	14.77%	N.A.
Nippon India Balanced Advantage Fund	N.A.	9,480 Cr	8.38%	15.36%
Nippon India Equity Savings Fund	N.A.	831 Cr	6.03%	10.52%
Nippon India Conservative Hybrid Fund	N.A.	902 Cr	9.94%	9.72%

See all Hybrid funds from this AMC

Frequently asked questions

What is the current NAV of Nippon India Arbitrage Fund Direct-Growth?

The current Net Asset Value (NAV) of the Nippon India Arbitrage Fund - Direct Growth plan is approximately ₹29.2095 as of Oct 20, 2025.

What are the returns of this mutual fund scheme?

The Nippon India Arbitrage Fund Direct-Growth is a 12 yrs 9 m old fund and has delivered average annual returns of 7.08% since inception.

Nippon India Arbitrage Fund Direct-Growth Returns

1-Year	3-Year	5-Year	10-Year	Since Inception
6.91%	7.65%	6.36%	6.5%	7.08%

How much does this mutual fund charge as expense ratio?

The Nippon India Arbitrage Fund - Direct Growth has an expense ratio of 0.38%, 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 Nippon India Arbitrage Fund currently has assets under management (AUM) or fund size valued at approximately 15,516 Cr as on Sep 30, 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 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 Nippon India 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 Nippon India Arbitrage Fund is complete.

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

Redeeming your investments in the Nippon India 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 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.
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.
Exit Load: Exit load of 0.25% if redeemed within 1 month