PGIM India Arbitrage Fund Direct-Growth

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

The PGIM India Arbitrage Fund is a 10 yrs 11 m old fund and has delivered average annual returns of 6.4% since inception. PGIM India Arbitrage Fund Returns 1-Year 3-Year 5-Year 10-Year Since Inception 7.38% 7.24% 6.01% 6.17% 6.4%

NAV as of Jul 21, 2025	Returns since inception	ET Money Rank	AUM (Fund size)
₹19.7002+0.05% 1 day change	6.4% p.a.	#NA View Ranked Funds	₹125 Cr

Historical NAV & returns

NAV: ₹19.7002 as on Jul 21, 2025

This fund Category average

PGIM India Arbitrage Fund overview

Expense ratio	0.39% as on May 31, 2025
Exit load	0.25% Exit load of 0.25%, if redeemed within 30 days.!
AUM (Fund size)	₹125 Cr
Lock-in Period	Nil
Age	10 yrs 11 m since Aug 13, 2014
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%

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 Jul 22, 2025

Period	This fund	Category average
1 Month	0.43%	0.42%
3 Months	1.41%	1.52%
6 Months	3.56%	3.51%
1 Year	7.38%	7.27%
2 Years	7.64%	7.78%
3 Years	7.24%	7.44%
4 Years	6.38%	6.54%
5 Years	6.01%	6.12%
7 Years	5.96%	6.08%
10 Years	6.17%	6.38%

Asset allocationas on May 31, 2025

Large Cap -0.19%

Mid Cap -0.1%

Small Cap -0.01%

Other Cap -0%

Top holdings

HDFC Bank Ltd.9.58%

Larsen & Toubro Ltd.9.12%

Reliance Industries Ltd.7.61%

Hindustan Petroleum Corporation Ltd.7.59%

Top sectors

Financial 19.18%

Energy 16.79%

Construction 9.12%

Materials 9.05%

Cash & Call Money 78.94936%

SOV 13.949408%

A1+ 5.173248%

AAA 2.169856%

Top Debt Holdings

GOI 11.75%

Others 4.43%

Reserve Bank of India 0.39%

Allocation by Instruments

Net Receivables 73.48%

GOI Securities 11.75%

Mutual Fund 10.24%

CBLO 4.43%

Other Holdings

Others 73.48%

PGIM India Liquid Fund Direct Plan-Growth 10.24%

Peer comparison

Fund name	ETM Rank	AUM	Fund age	Expense ratio
PGIM India Arbitrage Fund	N.A.	125 Cr	10 yrs 11 m	0.39%
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
PGIM India Arbitrage Fund	0.43%	3.56%	7.38%	7.24%	6.01%	6.17%
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
PGIM India Arbitrage Fund	0.53	0.68	1.11	1.2
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	1.86 vs. 2.7 Underperformed at beating benchmark
Sharpe	1.11 vs. 2.44 Poor risk-adjusted returns
Beta	0.68 vs. 0.75 Less sensitive to market ups & downs
Standard deviation	0.53 vs. 0.4 More volatile performance

Compare PGIM India Arbitrage Fund in detail with

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 10 yrs 11 m, having been launched on 13/08/2014. PGIM India Arbitrage Fund Direct-Growth has ₹125 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 PGIM India Arbitrage Fund Direct-Growth as of 21/07/2025 is ₹19.70. The fund has an expense ratio of 0.39%, which is close to what most other Arbitrage funds charge. Currently, the fund has a -0.29% allocation to equity and 26.70% to Debt.

PGIM India Arbitrage Fund Direct-Growth returns of last 1-year are 7.31%. Since launch, it has delivered 6.41% average annual returns.
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 below average.
The fund's equity portion is primarily invested in Financial, Energy, Unclassified, Construction, Materials sectors. It has taken less exposure in Financial, Energy 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 GOI, PGIM India Liquid Fund Direct Plan-Growth, HDFC Bank Ltd., Larsen & Toubro Ltd., Reliance Industries Ltd..

...

Fund AUM	125 Cr as on May 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	25,212 Cr as on Jun 30, 2025
Address	204, 2nd Floor, Jalaram Business Centre, Ganjawala Lane Near Chamunda Circle, Borivali (W) Mumbai, 400092
Phone	022-61593000 / 1800-266-2667

More funds from PGIM India Mutual Fund

Fund name	ETM Rank	AUM	1Y	5Y
PGIM India Aggressive Hybrid Equity Fund	N.A.	214 Cr	8.42%	16.69%
PGIM India Balanced Advantage Fund	N.A.	976 Cr	6.79%	N.A.
PGIM India Equity Savings Fund	N.A.	72 Cr	6.64%	10.03%

See all Hybrid funds from this AMC

Frequently asked questions

What is the current NAV of PGIM India Arbitrage Fund?

The current Net Asset Value (NAV) of the PGIM India Arbitrage Fund - Direct Growth plan is approximately ₹19.7002 as of Jul 21, 2025.

What are the returns of this mutual fund scheme?

The PGIM India Arbitrage Fund is a 10 yrs 11 m old fund and has delivered average annual returns of 6.4% since inception.

PGIM India Arbitrage Fund Returns

1-Year	3-Year	5-Year	10-Year	Since Inception
7.38%	7.24%	6.01%	6.17%	6.4%

How much does this mutual fund charge as expense ratio?

The PGIM India Arbitrage Fund - Direct Growth has an expense ratio of 0.39%, 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 PGIM India Arbitrage Fund currently has assets under management (AUM) or fund size valued at approximately 125 Cr as on May 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?

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 PGIM 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 PGIM India Arbitrage Fund is complete.

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

Redeeming your investments in PGIM 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 PGIM India 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 1 Year.
Return Consistency: This fund ranks lower in terms of generating consistent return in it's category.
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 30 days.