PGIM India Arbitrage Fund Direct-Growth

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

The PGIM India Arbitrage Fund Direct-Growth is a 11 yrs 5 m old fund and has delivered average annual returns of 6.38% since inception. PGIM India Arbitrage Fund Direct-Growth Returns 1-Year 3-Year 5-Year 10-Year Since Inception 6.65% 7.28% 6.21% 6.13% 6.38%

NAV as of Feb 02, 2026	Returns since inception	ET Money Rank	AUM (Fund size)
₹20.3253+0.02% 1 day change	6.38% p.a.	App exclusive #NA View Ranked Funds	₹90 Cr

Historical NAV & returns

NAV: ₹20.3253 as on Feb 02, 2026

This fund Category average

PGIM India Arbitrage Fund overview

Expense ratio	0.36% as on Feb 02, 2026
Exit load	0.25% Exit load of 0.25%, if redeemed within 30 days.!
AUM (Fund size)	₹90 Cr
Lock-in Period	Nil
Age	11 yrs 5 m since Aug 13, 2014
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%

PGIM 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 Feb 03, 2026

Period	This fund	Category average
1 Month	0.48%	0.5%
3 Months	1.68%	1.55%
6 Months	2.9%	2.95%
1 Year	6.65%	6.6%
2 Years	7.04%	7.16%
3 Years	7.28%	7.47%
4 Years	6.64%	6.84%
5 Years	6.21%	6.36%
7 Years	5.93%	6.1%
10 Years	6.13%	6.28%

Asset allocationas on Dec 31, 2025

Large Cap -0.32%

Mid Cap -0.07%

Small Cap -0.02%

Other Cap 0%

Top holdings

Reliance Industries Ltd.9.46%

Larsen & Toubro Ltd.9.4%

HDFC Bank Ltd.9.34%

SRF Ltd.6.59%

Top sectors

Financial 23.16%

Construction 10.97%

Energy 9.46%

Communication 6.77%

Cash & Call Money 74.915731%

A1+ 16.83682%

SOV 6.773962%

AAA 1.107568%

Top Debt Holdings

Others 3.61%

GOI 2.29%

Reserve Bank of India 0.21%

Allocation by Instruments

Net Receivables 71.96%

Mutual Fund 22.33%

CBLO 3.61%

GOI Securities 2.29%

Other Holdings

Others 71.96%

PGIM India Liquid Fund Direct Plan-Growth 22.33%

Detailed portfolio analysis

Peer comparison

Fund name	1M	6M	1Y	3Y	5Y	10Y
PGIM India Arbitrage Fund	0.48%	2.9%	6.65%	7.28%	6.21%	6.13%
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
PGIM India Arbitrage Fund	0.42	0.06	2.35	2.95
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
PGIM India Arbitrage Fund	N.A.	90 Cr	11 yrs 5 m	0.36%
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	1.09 vs. 2.77 Underperformed at beating benchmark
Sharpe	2.35 vs. 2.85 Poor risk-adjusted returns
Beta	0.06 vs. 1.77 Less sensitive to market ups & downs
Standard deviation	0.42 vs. 0.25 More volatile performance

About this fund

About PGIM India Arbitrage Fund

PGIM India Arbitrage Fund Direct-Growth is a Arbitrage mutual fund scheme from Pgim India Mutual Fund. This fund has been in existence for 11 yrs 5 m, having been launched on 13/08/2014. PGIM India Arbitrage Fund Direct-Growth has ₹90 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 PGIM India Arbitrage Fund Direct-Growth as of 02/02/2026 is ₹20.33. The fund has an expense ratio of 0.36%, which is close to what most other Arbitrage funds charge. Currently, the fund has a -0.40% allocation to equity and 29.09% to Debt.

PGIM India Arbitrage Fund Direct-Growth returns of last 1-year are 6.68%. Since launch, it has delivered 6.39% average annual returns. The fund has doubled the money invested in it every 12 yrs.
PGIM 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 low.
The fund's equity portion is primarily invested in Financial, Unclassified, Construction, Energy, Communication 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 PGIM India Liquid Fund Direct Plan-Growth, Reliance Industries Ltd., Larsen & Toubro Ltd., HDFC Bank Ltd., SRF Ltd..

...

Fund AUM	90 Cr as on Dec 31, 2025
Scheme document	View Scheme Document

Fund managers

Puneet Pal

Mr. Pal is a B.Com (H) and MBA from SIBM Pune. Prior to joining PGIM India Mutual Fund, he has worked with BNP Paribas AMC as Head Fixed Income, UTI AMC as Sr. Vice President & Fund Manager & TATA AMC as Fund Manager.

Chetan Chavan

Mr. Chavan has done B.Com Prior to joining PGIM India Mutual Fund, he was associated with Bajaj Finserv Mutual Fund, Mahindra Manulife Investment Management Private Limited and Invesco Asset Management (India) Private Limited.

Investment objective

The scheme seeks to generate income by investing in arbitrage opportunities that potentially exist between the cash and derivatives market as well as within the derivatives segment of the market. Investments may also be made in debt & money market instruments.

PGIM India Mutual Fund details

No. of schemes	24 view all schemes
Total AUM	27,546 Cr as on Dec 31, 2025
Address	7th Floor, Radhe Empire, Chandavarkar Road Borivali (W), Mumbai Mumbai, 400092
Phone	+91 22 6159 5441 / 42 , 1800 209 7446

More funds from PGIM India Mutual Fund

Fund name	ETM Rank	AUM	1Y	5Y
PGIM India Aggressive Hybrid Equity Fund	N.A.	215 Cr	3.82%	10.97%
PGIM India Balanced Advantage Fund	N.A.	929 Cr	5.88%	10.01%
PGIM India Equity Savings Fund	N.A.	67 Cr	5.96%	7.83%

See all Hybrid funds from this AMC

Frequently asked questions

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

The current Net Asset Value (NAV) of the PGIM India Arbitrage Fund - Direct Growth plan is approximately ₹20.3253 as of Feb 02, 2026.

What are the returns of this mutual fund scheme?

The PGIM India Arbitrage Fund Direct-Growth is a 11 yrs 5 m old fund and has delivered average annual returns of 6.38% since inception.

PGIM India Arbitrage Fund Direct-Growth Returns

1-Year	3-Year	5-Year	10-Year	Since Inception
6.65%	7.28%	6.21%	6.13%	6.38%

How much does this mutual fund charge as expense ratio?

The PGIM India Arbitrage Fund - Direct Growth has an expense ratio of 0.36%, 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 PGIM India Arbitrage Fund currently has assets under management (AUM) or fund size valued at approximately 90 Cr as on Dec 31, 2025.

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

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

Redeeming your investments in the PGIM 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 Outperformance: This fund has generated highest return amongst Arbitrage funds in the last 1 Year.
Return Consistency: This fund ranks lower in terms of generating consistent return in it's category.
Return/Risk: The fund is performing poorly than its category.
Exit Load: Exit load of 0.25%, if redeemed within 30 days.