HSBC Arbitrage Fund

HSBC Mutual Fund

Hybrid › Arbitrage Regular plan Growth SEBI riskometer: Low

53/100

Average · Tradinity score

₹20.3721

0.0618 (+0.30%)

NAV on 1 Oct 2026

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NAV history

Returns as of 1 Oct 2026

Up to one year: absolute. Longer: annualised. Category = median of Arbitrage regular-plan Growth funds.

Period	This fund	Category median	Rank in category
1 month	+0.17%	+0.19%	—
3 months	+1.31%	+1.32%	—
6 months	+2.81%	+2.86%	—
1 year	+5.98%	+5.96%	#13 of 32 Top 41%
3 years	+6.52%	+6.53%	#14 of 25 Top 57%
5 years	—	+6.03%	—
10 years	—	+5.72%	—
Since launch of NAV data	+6.71%	—	—

NAV high and low

Window	High	Low
1 month	20.3721	20.2743
3 months	20.3721	20.1077
6 months	20.3721	19.8151
1 year	20.3721	19.2234

A period is a dash when the fund has not existed that long or its NAV history has a hole at the start date — never a partial figure.

Calendar-year returns

	2020	2021	2022	2023	2024	2025	YTD
This fund	—	—	—	+7.07%	+7.33%	+6.23%	+4.38%
Category median	+4.13%	+3.66%	+4.09%	+7.07%	+7.49%	+6.24%	+4.36%

Tradinity fund score

Twenty checks of five points each: performance, portfolio, operations, and risk against reward. Only checks we have data for are counted.

53/100

Average · based on 15 of 20 checks

Performance0/10

✗ Ranks in the top quarter of its category over 1 year
✗ Ranks in the top quarter of its category over 3 years
– Ranks in the top quarter of its category over 5 years
– Loses less than its reference index on the index's down days
– Keeps pace with its reference index on the index's up days

Portfolio15/20

✗ Largest holding is 10% of the fund or less (largest holding 17.2%)
✓ Top ten holdings are 50% of the fund or less (top ten 45.4%)
✓ Holds at least 20 stocks (113 holdings)
✓ No single sector is more than 35% of the fund (diversified equity categories) (largest sector Others 20.4%)
– Portfolio P/E is at or below the category median

Operations15/25

✗ Has a track record of at least 5 years (3.8 years of NAV history)
✗ Has a track record of at least 10 years
✓ Expense ratio is at or below the category median (expense ratio 2.09%)
✓ Fund size is above the category median (AUM Rs 1,538 crore)
✓ Lead manager has run the fund for 3 years or more (12.3 years)

Risk and reward10/20

✗ Sharpe ratio is at or above the category median
✗ Sortino ratio is at or above the category median
✓ Volatility is at or below the category median
✓ Worst 3-year fall is no deeper than the category median
– Jensen's alpha is positive

Risk and return ratios 3-year window

Risk-free rate 6.06% (3-year annualised return of the NSE 1-day (overnight) rate index). This category has no reference index in our data, so benchmark-relative ratios are not shown.

Ratio	This fund	Category median	Against category
Sharpe ratio	0.43	0.44	Worse
Sortino ratio	0.64	0.65	Worse
Standard deviation	1.08%	1.08%	—
Maximum drawdown	-0.33%	-0.45%	Better
Beta	—	—	—
R-squared	—	—	—
Jensen's alpha	—	—	—
Treynor ratio	—	—	—
Information ratio	—	—	—
Upside capture	—	—	—
Downside capture	—	—	—

SIP returns (monthly instalments, XIRR)

1 year

+5.74%

3 years

+6.16%

5 years

—

What if you had invested?

Computed from this fund's actual NAVs. A SIP buys at the first NAV of each month and is valued at the latest NAV. Past returns do not guarantee future ones.

Portfolio as of 31 Jul 2026

Weights are % of the scheme's assets from the latest month-end disclosure available to Tradinity. Shown from the Direct plan of this fund, which holds the same portfolio. The feed carries weights only: no quantities or rupee values.

Holdings

113

Top 5 / top 10

32.6% / 45.4%

Largest holding

17.2%

Mapped to Tradinity companies

70%

Portfolio P/E

—

category median 22.6

Portfolio ROE

—

category median 11.8%

Portfolio dividend yield

—

Largest sector

Others 20.4%

Valuation ratios are weighted over the holdings we can match to a company (harmonic mean for P/E) and are withheld when they cover under half the portfolio.

Asset allocation

Equity	68.82%
Mutual Funds	19.29%
Certificate of Deposit	11.29%
Cash & Equivalents	0.60%

Sector allocation

Click a sector to filter the holdings below (holdings map to our sector list where the company is known).

Holdings

Export CSV

Holding	Sector	Weight	3M change	P/E
HSBC Money Market Fund - Direct Growth	—	17.19%	1.13 pp	—
HDFC Bank Limited	Financial Services	5.44%	-0.55 pp	—
Canara Bank Ltd	Financial Services	3.92%	3.87 pp	—
Adani Energy Solutions Ltd	Power	3.15%	1.72 pp	340.6
Adani Power Ltd	Power	2.94%	2.03 pp	32.9
Bandhan Bank Ltd	Financial Services	2.73%	0.20 pp	—
ICICI Bank Limited	Financial Services	2.71%	-3.32 pp	—
Yes Bank Limited	Financial Services	2.51%	1.16 pp	—
Indian Bank**	—	2.43%	-1.33 pp	—
NABARD**	—	2.40%	2.40 pp	—
Crompton Greaves Consumer Electricals Limited	Consumer Durables	2.25%	1.35 pp	—
HSBC Ultra Short Duration Fund - Direct Growth	—	2.11%	-1.37 pp	—
AU Small Finance Bank Limited	Financial Services	2.03%	1.22 pp	—
Jio Financial Services Limited	Financial Services	2.03%	0.15 pp	—
Punjab National Bank	Financial Services	2.02%	0.83 pp	—
Steel Authority of India Ltd	Metals & Mining	1.93%	-1.88 pp	17.9
HDFC Life Insurance Company Ltd	Financial Services	1.83%	1.24 pp	—
Godrej Properties Ltd	Realty	1.79%	-0.79 pp	138.8
Axis Bank Limited**	—	1.62%	1.62 pp	—
Bank of Baroda**	—	1.61%	1.61 pp	—
NMDC Ltd	Metals & Mining	1.58%	-0.94 pp	9.0
JSW Steel Limited	Metals & Mining	1.42%	-0.34 pp	42.7
Container Corporation of India Ltd	Services	1.35%	0.27 pp	27.4
Reliance Industries Ltd	Oil, Gas & Consumable Fuels	1.34%	-0.06 pp	41.0
Hindustan Petroleum Corp Ltd	Oil, Gas & Consumable Fuels	1.24%	1.24 pp	58.3
Glenmark Pharmaceuticals Limited	Healthcare	1.24%	-0.03 pp	321.6
IDFC First Bank Ltd	Financial Services	1.21%	0.50 pp	—
Voltas Ltd	Consumer Durables	1.18%	1.18 pp	84.7
Treps	—	1.07%	-1.38 pp	—
ITC Ltd	Fast Moving Consumer Goods	1.03%	-0.78 pp	17.4
Indian Energy Exchange Ltd	Financial Services	1.02%	0.81 pp	19.5
Indus Towers Ltd	Telecommunication	0.98%	0.89 pp	13.8
NBCC (India) Ltd	Construction	0.95%	0.48 pp	32.2
Manappuram Finance Ltd	Financial Services	0.87%	0.42 pp	—
Vodafone Idea Ltd	Telecommunication	0.83%	0.35 pp	3.8
SIDBI**	—	0.80%	0.80 pp	—
Punjab National Bank**	—	0.80%	0.80 pp	—
Adani Enterprises Limited	Metals & Mining	0.80%	0.44 pp	34.1
Hindalco Industries Ltd	Metals & Mining	0.79%	0.79 pp	16.1
Biocon Limited	Healthcare	0.79%	0.29 pp	597.3
Ambuja Cements Ltd	Construction Materials	0.78%	0.19 pp	24.7
Inox Wind Limited	Capital Goods	0.74%	0.27 pp	24.1
Hindustan Unilever Ltd	Fast Moving Consumer Goods	0.69%	0.64 pp	40.7
State Bank of India	Financial Services	0.69%	-0.47 pp	—
Bharat Heavy Electricals Ltd	Capital Goods	0.68%	0.35 pp	59.9
Bank of India Ltd	Financial Services	0.56%	0.47 pp	—
GE Vernova T&D India Ltd	Capital Goods	0.52%	0.52 pp	82.4
Kotak Mahindra Bank Limited	Financial Services	0.48%	-0.73 pp	—
Zydus Lifesciences Ltd	Healthcare	0.47%	0.44 pp	33.3
HDFC Asset Management Company Ltd	Financial Services	0.47%	-0.79 pp	—
Tata Motors Passenger Vehicles Ltd	Automobile and Auto Components	0.46%	0.46 pp	1,667.6
Axis Bank Limited	Financial Services	0.36%	-1.49 pp	—
Bharat Electronics Ltd	Capital Goods	0.36%	0.29 pp	46.4
Laurus Labs Ltd	Healthcare	0.36%	-0.48 pp	122.5
Aurobindo Pharma Ltd	Healthcare	0.34%	0.34 pp	37.4
Max Financial Services Ltd	Financial Services	0.31%	-0.36 pp	—
Cummins India Ltd	Capital Goods	0.29%	0.12 pp	57.8
Adani Green Energy Ltd	Power	0.28%	0.26 pp	403.2
Computer Age Management Services Limited	Financial Services	0.24%	0.24 pp	18.5
Tata Power Company Ltd	Power	0.23%	-0.09 pp	130.5
RBL Bank Ltd	Financial Services	0.20%	-2.83 pp	—
Tata Consumer Products Ltd	Fast Moving Consumer Goods	0.19%	0.09 pp	57.5
Hitachi Energy India Ltd	Capital Goods	0.19%	0.15 pp	118.7
DLF Ltd	Realty	0.19%	-0.78 pp	44.2
Dabur India Limited	Fast Moving Consumer Goods	0.18%	0.01 pp	43.8
Bajaj Finance Ltd	Financial Services	0.17%	0.13 pp	—
FSN E-Commerce Ventures Limited	Consumer Services	0.16%	0.14 pp	1,103.4
Cholamandalam Investment and Finance Company Ltd	Financial Services	0.16%	-0.09 pp	—
Bank of Baroda Ltd	Financial Services	0.15%	-0.08 pp	—
Varun Beverages Limited	Fast Moving Consumer Goods	0.14%	-0.07 pp	49.5
Coal India Limited	Oil, Gas & Consumable Fuels	0.14%	0.14 pp	13.9
Indian Oil Corporation Limited	Oil, Gas & Consumable Fuels	0.14%	0.13 pp	5.0
Adani Ports and Special Economic Zone Ltd	Services	0.13%	-1.02 pp	163.2
Ashok Leyland Limited	Capital Goods	0.13%	0.13 pp	25.3
Apollo Hospitals Enterprise Limited	Healthcare	0.13%	-0.14 pp	74.7
Aditya Birla Capital Ltd	Financial Services	0.10%	0.10 pp	—
Bajaj Holdings and Investment Ltd	Financial Services	0.10%	0.09 pp	—
Muthoot Finance Ltd	Financial Services	0.10%	0.09 pp	—
Suzlon Energy Limited	Capital Goods	0.08%	0.02 pp	13.3
Tata Steel Ltd	Metals & Mining	0.08%	-0.03 pp	13.5
Pidilite Industries Ltd	Chemicals	0.08%	0.08 pp	58.1
Divi's Laboratories Ltd	Healthcare	0.07%	0.07 pp	83.9
Tube Investments of India Ltd	Automobile and Auto Components	0.07%	0.06 pp	56.2
Union Bank of India Ltd	Financial Services	0.07%	0.05 pp	—
Supreme Industries Ltd	Capital Goods	0.06%	0.00 pp	46.5
Havells India Ltd	Consumer Durables	0.05%	0.05 pp	38.6
Eicher Motors Ltd	Automobile and Auto Components	0.04%	-0.06 pp	37.4
UPL Limited	Chemicals	0.04%	0.02 pp	60.0
United Spirits Limited	Fast Moving Consumer Goods	0.03%	0.00 pp	50.2
Jindal Steel Ltd	Metals & Mining	0.03%	0.03 pp	45.5
Bharti Airtel Ltd	Telecommunication	0.03%	-0.35 pp	67.4
JSW Energy Ltd	Power	0.03%	-0.07 pp	98.3
Asian Paints Limited	Consumer Durables	0.02%	-0.18 pp	49.8
ICICI Prudential Life Insurance Company Ltd	Financial Services	0.02%	-0.10 pp	—
SRF Ltd	Chemicals	0.02%	-0.03 pp	38.7
ICICI Lombard General Insurance Company Ltd	Financial Services	0.01%	-0.01 pp	—
Motilal Oswal Financial Services Limited	Financial Services	0.01%	0.01 pp	—
Oil and Natural Gas Corporation Ltd	Oil, Gas & Consumable Fuels	0.01%	0.01 pp	6.8
Indian Hotels Company Ltd	Consumer Services	0.01%	0.00 pp	49.3
Hindustan Zinc Ltd	Metals & Mining	0.01%	-0.47 pp	14.1
Dalmia Bharat Ltd	Construction Materials	0.01%	-0.02 pp	399.9
Marico Limited	Fast Moving Consumer Goods	0.01%	-0.22 pp	62.1
Grasim Industries Ltd	Construction Materials	0.01%	-0.00 pp	291.1
Eternal Limited	Consumer Services	0.00%	-1.53 pp	110.7
Fortis Healthcare Ltd	Healthcare	0.00%	0.00 pp	257.5
Patanjali Foods Ltd	Fast Moving Consumer Goods	0.00%	0.00 pp	20.0
Samvardhana Motherson International Ltd	Automobile and Auto Components	0.00%	-0.02 pp	96.6
Amber Enterprises India Ltd	Consumer Durables	0.00%	0.00 pp	163.7
Alkem Laboratories Ltd	Healthcare	0.00%	0.00 pp	28.9
CG Power and Industrial Solutions Limited	Capital Goods	0.00%	-0.31 pp	96.5
Hyundai Motor India Ltd	Automobile and Auto Components	0.00%	0.00 pp	33.9
Godrej Consumer Products Ltd	Fast Moving Consumer Goods	0.00%	-0.49 pp	57.1
Vedanta Ltd	Metals & Mining	0.00%	0.00 pp	14.6

Fund details

Fund houseHSBC Mutual Fund

AMFI scheme code151134

CategoryHybrid › Arbitrage

AMFI categoryOpen Ended Schemes(Hybrid Schemes - Arbitrage Fund)

Plan / optionRegular / Growth

ISININF917K01QL8

NAV history from28 Nov 2022

NAV points on record946

Cost and size

Expense ratio (regular, Sep 2026)

2.09%

category median 2.10%

Assets under management

₹1,538 crore

average, June-2026

Expense ratio by month: Oct 25 0.93% · Nov 25 0.93% · Dec 25 0.92% · Jan 26 0.92% · Feb 26 0.91% · Mar 26 0.91% · Apr 26 2.32% · May 26 2.04% · Jun 26 2.04% · Jul 26 2.07% · Aug 26 2.09% · Sep 26 2.09%

From the scheme information document

Benchmark: Nifty 50 Arbitrage Index
SEBI riskometer: Low
Launch (allotment) date: 30 Jun 2014
Registrar: Computer Age Management Services Limited
Minimum investment: 5000
Minimum additional: 1000
SIP: SIP - 500 Daily 6; 500 Weekly 6; 500 Monthly 6; 1500 Quarterly 4; Minimum Aggregate Amount: Rs. 6,000/- in multiples of Re.1. SWP - 500 STP - 500;The minimum a…
Fund manager(s): FM 1 - Praveen Ayathan, FM 2 - Mahesh Chhabria, FM 3 - Mohd. Asif Rizwi
earliest start on record 30 Jun 2014

Exit load

Any redemption / switch-out of units on or before 1 month from the date of allotment: 0.25%. If units are redeemed or switched out after 1 Month from the date of allotment: NIL

Objective

The investment objective of the Scheme is to seek to generate reasonable returns by predominantly investing in arbitrage opportunities in the cash and derivatives segments of the equity markets and by investing balance in debt and money market instruments. There is no assurance that the objective of the Scheme will be realised and the Scheme does not assure or guarantee any returns.

Scheme information document

Fund house: website · factsheets · monthly portfolio · annual report

Not available: Morningstar rating (proprietary). "NAV history from" is the first NAV we hold.

Other plans of this fund

Direct · Growth₹21.9645
Direct · IDCW₹10.2209
Direct · IDCW₹10.6665
Regular · IDCW₹10.2140
Regular · IDCW₹10.5527

Returns are computed by Tradinity from each scheme's own published NAV, so they are net of the fund's expenses. Periods over one year are annualised (CAGR). Past performance does not indicate future returns. Only Growth-option schemes are ranked: an IDCW scheme pays cash out of its NAV, so its NAV understates what an investor earned.