Nippon India Arbitrage Fund

Nippon India Mutual Fund

Hybrid › Arbitrage Direct plan Growth SEBI riskometer: Low

64/100

Good · Tradinity score

₹31.0477

0.0685 (+0.22%)

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 direct-plan Growth funds.

Period	This fund	Category median	Rank in category
1 month	+0.26%	+0.24%	—
3 months	+1.49%	+1.49%	—
6 months	+3.26%	+3.19%	—
1 year	+6.73%	+6.61%	#10 of 32 Top 32%
3 years	+7.30%	+7.28%	#9 of 25 Top 36%
5 years	+6.79%	+6.74%	#8 of 20 Top 40%
10 years	+6.47%	+6.36%	—
Since launch of NAV data	+7.06%	—	—

NAV high and low

Window	High	Low
1 month	31.0477	30.8779
3 months	31.0477	30.5911
6 months	31.0477	30.0665
1 year	31.0477	29.0907

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	+5.07%	+4.54%	+4.94%	+7.85%	+8.23%	+6.94%	+4.92%
Category median	+4.79%	+4.21%	+4.82%	+7.78%	+8.22%	+7.02%	+4.88%

Tradinity fund score

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

64/100

Good · based on 14 of 20 checks

Performance0/15

✗ 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

Portfolio10/15

✗ Largest holding is 10% of the fund or less (largest holding 15.1%)
✓ Top ten holdings are 50% of the fund or less (top ten 43.5%)
✓ Holds at least 20 stocks (177 holdings)
– No single sector is more than 35% of the fund (diversified equity categories)
– Portfolio P/E is at or below the category median

Operations20/20

✓ Has a track record of at least 5 years (13.7 years of NAV history)
✓ Has a track record of at least 10 years
✓ Expense ratio is at or below the category median (expense ratio 1.34%)
✓ Fund size is above the category median (AUM Rs 9,903 crore)
– Lead manager has run the fund for 3 years or more (manager start date not on record)

Risk and reward15/20

✓ 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	1.18	1.09	Better
Sortino ratio	1.83	1.68	Better
Standard deviation	1.05%	1.08%	Better
Maximum drawdown	-0.45%	-0.44%	Worse
Beta	—	—	—
R-squared	—	—	—
Jensen's alpha	—	—	—
Treynor ratio	—	—	—
Information ratio	—	—	—
Upside capture	—	—	—
Downside capture	—	—	—

SIP returns (monthly instalments, XIRR)

1 year

+6.48%

3 years

+6.92%

5 years

+7.12%

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 Aug 2026

Weights are % of the scheme's assets from the latest month-end disclosure available to Tradinity. The feed carries weights only: no quantities or rupee values.

Holdings

177

Top 5 / top 10

34.8% / 43.5%

Largest holding

15.1%

Mapped to Tradinity companies

68%

Portfolio P/E

—

category median 22.6

Portfolio ROE

12.6%

category median 11.8%

Portfolio dividend yield

—

Largest sector

—

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.

Holdings

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Holding	Sector	Weight	3M change	P/E
Nippon India Money Market Fund Dir Pl-Growth-Gr Op	—	15.10%	—	—
Nippon India Ultra Short Term Fund- Dr Gr Op	—	7.38%	—	—
HDFC Bank Limited	Financial Services	4.46%	—	—
Reliance Industries Limited	Oil, Gas & Consumable Fuels	4.21%	—	41.0
Triparty Repo	—	3.65%	—	—
State Bank of India	Financial Services	2.14%	—	—
JSW Steel Limited	Metals & Mining	1.85%	—	42.7
Kotak Mahindra Bank Limited	Financial Services	1.72%	—	—
ICICI Bank Limited	Financial Services	1.50%	—	—
Vodafone Idea Limited	Telecommunication	1.45%	—	3.8
Adani Enterprises Limited	Metals & Mining	1.39%	—	34.1
Maruti Suzuki India Limited	Automobile and Auto Components	1.38%	—	26.8
Tata Steel Limited	Metals & Mining	1.37%	—	13.5
Larsen & Toubro Limited	Construction	1.28%	—	71.3
Canara Bank	Financial Services	1.23%	—	—
Bajaj Finance Limited	Financial Services	1.18%	—	—
Steel Authority of India Limited	Metals & Mining	1.17%	—	17.9
AU Small Finance Bank Limited	Financial Services	1.16%	—	—
Jio Financial Services Limited	Financial Services	1.13%	—	—
Small Industries Dev Bank of India**	—	1.11%	—	—
Glenmark Pharmaceuticals Limited	Healthcare	0.99%	—	321.6
Bharti Airtel Limited	Telecommunication	0.96%	—	67.4
One 97 Communications Limited	Financial Services	0.95%	—	578.6
Manappuram Finance Limited	Financial Services	0.93%	—	—
Adani Energy Solutions Limited	Power	0.91%	—	340.6
Info Edge (India) Limited	Consumer Services	0.84%	—	14.3
Coal India Limited	Oil, Gas & Consumable Fuels	0.82%	—	13.9
National Bank For Agriculture and Rural Development	—	0.82%	—	—
Ambuja Cements Limited	Construction Materials	0.81%	—	24.7
TVS Motor Company Limited	Automobile and Auto Components	0.76%	—	48.6
Hindustan Zinc Limited	Metals & Mining	0.70%	—	14.1
NTPC Limited	Power	0.68%	—	13.2
HDFC Bank Limited**	—	0.64%	—	—
Hindalco Industries Limited	Metals & Mining	0.64%	—	16.1
Indus Towers Limited	Telecommunication	0.62%	—	13.8
NMDC Limited	Metals & Mining	0.59%	—	9.0
Shriram Finance Limited	Financial Services	0.59%	—	—
Yes Bank Limited	Financial Services	0.57%	—	—
Small Industries Dev Bank of India	—	0.55%	—	—
Asian Paints Limited	Consumer Durables	0.54%	—	49.8
Ashok Leyland Limited	Capital Goods	0.52%	—	25.3
Mahindra & Mahindra Limited	Automobile and Auto Components	0.51%	—	22.3
Bharat Heavy Electricals Limited	Capital Goods	0.50%	—	59.9
UltraTech Cement Limited	Construction Materials	0.50%	—	42.6
Adani Green Energy Limited	Power	0.48%	—	403.2
Eicher Motors Limited	Automobile and Auto Components	0.48%	—	37.4
Bank of Baroda	Financial Services	0.46%	—	—
Godrej Properties Limited	Realty	0.46%	—	138.8
Grasim Industries Limited	Construction Materials	0.46%	—	291.1
IDFC First Bank Limited	Financial Services	0.46%	—	—
Punjab National Bank	Financial Services	0.46%	—	—
APL Apollo Tubes Limited	Capital Goods	0.45%	—	105.9
Canara Bank**	—	0.45%	—	—
Hindustan Unilever Limited	Fast Moving Consumer Goods	0.45%	—	40.7
ITC Limited	Fast Moving Consumer Goods	0.45%	—	17.4
Infosys Limited	Information Technology	0.43%	—	13.4
Marico Limited	Fast Moving Consumer Goods	0.42%	—	62.1
Muthoot Finance Limited	Financial Services	0.42%	—	—
Hero MotoCorp Limited	Automobile and Auto Components	0.41%	—	18.7
Tata Consultancy Services Limited	Information Technology	0.41%	—	14.8
The Federal Bank Limited	Financial Services	0.41%	—	—
Varun Beverages Limited	Fast Moving Consumer Goods	0.40%	—	49.5
Crompton Greaves Consumer Electricals Limited	Consumer Durables	0.38%	—	—
Cummins India Limited	Capital Goods	0.38%	—	57.8
Sun Pharmaceutical Industries Limited	Healthcare	0.36%	—	146.5
The Indian Hotels Company Limited	Consumer Services	0.36%	—	49.3
Coforge Limited	Information Technology	0.35%	—	52.7
GE Vernova T&D India Limited	Capital Goods	0.34%	—	82.4
Vedanta Limited	Metals & Mining	0.34%	—	14.6
Biocon Limited	Healthcare	0.33%	—	597.3
Life Insurance Corporation Of India	Financial Services	0.33%	—	—
Patanjali Foods Limited	Fast Moving Consumer Goods	0.33%	—	20.0
Bharat Electronics Limited	Capital Goods	0.32%	—	46.4
Indian Oil Corporation Limited	Oil, Gas & Consumable Fuels	0.32%	—	5.0
Cipla Limited	Healthcare	0.31%	—	35.4
Fortis Healthcare Limited	Healthcare	0.31%	—	257.5
Supreme Industries Limited	Capital Goods	0.31%	—	46.5
SBI Life Insurance Company Limited	Financial Services	0.29%	—	—
Adani Ports and Special Economic Zone Limited	Services	0.28%	—	163.2
Axis Bank Limited	—	0.28%	—	—
Axis Bank Limited**	—	0.28%	—	—
National Bank For Agriculture and Rural Development**	—	0.28%	—	—
Adani Power Limited	Power	0.27%	—	32.9
Container Corporation of India Limited	Services	0.26%	—	27.4
HDFC Life Insurance Company Limited	Financial Services	0.26%	—	—
Kalyan Jewellers India Limited	Consumer Durables	0.26%	—	42.3
HDFC Asset Management Company Limited	Financial Services	0.25%	—	—
Bosch Limited	Automobile and Auto Components	0.23%	—	58.9
Tata Motors Passenger Vehicles Limited	Automobile and Auto Components	0.23%	—	1,667.6
Power Grid Corporation of India Limited	Power	0.21%	—	15.5
Tata Power Company Limited	Power	0.21%	—	130.5
Alkem Laboratories Limited	Healthcare	0.20%	—	28.9
Max Financial Services Limited	Financial Services	0.20%	—	—
Polycab India Limited	Capital Goods	0.20%	—	43.0
RBL Bank Limited	Financial Services	0.20%	—	—
Tata Consumer Products Limited	Fast Moving Consumer Goods	0.20%	—	57.5
Cholamandalam Investment and Finance Company Ltd	Financial Services	0.19%	—	—
Divi's Laboratories Limited	Healthcare	0.19%	—	83.9
ICICI Prudential Life Insurance Company Limited	Financial Services	0.19%	—	—
Prestige Estates Projects Limited	Realty	0.19%	—	352.0
Bandhan Bank Limited	Financial Services	0.18%	—	—
Laurus Labs Limited	Healthcare	0.18%	—	122.5
UNO Minda Limited	Automobile and Auto Components	0.18%	—	71.6
Tech Mahindra Limited	Information Technology	0.17%	—	39.1
Hitachi Energy India Limited	Capital Goods	0.16%	—	118.7
Apollo Hospitals Enterprise Limited	Healthcare	0.15%	—	74.7
Bank of India	Financial Services	0.15%	—	—
Godrej Consumer Products Limited	Fast Moving Consumer Goods	0.15%	—	57.1
Aurobindo Pharma Limited	Healthcare	0.14%	—	37.4
Bharat Petroleum Corporation Limited	Oil, Gas & Consumable Fuels	0.14%	—	9.8
Eternal Limited	Consumer Services	0.14%	—	110.7
HCL Technologies Limited	Information Technology	0.14%	—	28.3
Voltas Limited	Consumer Durables	0.14%	—	84.7
LIC Housing Finance Limited	Financial Services	0.13%	—	—
Oil & Natural Gas Corporation Limited	Oil, Gas & Consumable Fuels	0.13%	—	6.8
PNB Housing Finance Limited	Financial Services	0.13%	—	—
Aditya Birla Capital Limited	Financial Services	0.12%	—	—
Bajaj Auto Limited	Automobile and Auto Components	0.12%	—	28.3
Delhivery Limited	Services	0.12%	—	104.0
JSW Energy Limited	Power	0.12%	—	98.3
Bank of Baroda**	—	0.11%	—	—
NBCC (India) Limited	Construction	0.10%	—	32.2
PG Electroplast Limited	Consumer Durables	0.10%	—	127.8
The Phoenix Mills Limited	Realty	0.10%	—	237.4
Hindustan Aeronautics Limited	Capital Goods	0.09%	—	33.6
Union Bank of India	Financial Services	0.09%	—	—
Power Finance Corporation Limited	Financial Services	0.08%	—	—
Solar Industries India Limited	Chemicals	0.08%	—	137.1
Angel One Limited	Financial Services	0.07%	—	—
Cochin Shipyard Limited	Capital Goods	0.07%	—	58.5
DLF Limited	Realty	0.07%	—	44.2
Dabur India Limited	Fast Moving Consumer Goods	0.07%	—	43.8
Nestle India Limited	Fast Moving Consumer Goods	0.07%	—	65.4
PB Fintech Limited	Financial Services	0.07%	—	111.4
SRF Limited	Chemicals	0.07%	—	38.7
Colgate Palmolive (India) Limited	Fast Moving Consumer Goods	0.06%	—	35.6
FSN E-Commerce Ventures Limited	Consumer Services	0.06%	—	1,103.4
InterGlobe Aviation Limited	Services	0.06%	—	—
KPIT Technologies Limited	Information Technology	0.06%	—	32.9
Motilal Oswal Financial Services Limited	Financial Services	0.06%	—	—
Bank of Maharashtra	Financial Services	0.05%	—	—
GMR Airports Limited	Services	0.05%	—	264.3
ICICI Lombard General Insurance Company Limited	Financial Services	0.05%	—	—
Inox Wind Limited	Capital Goods	0.05%	—	24.1
Jindal Steel Limited	Metals & Mining	0.05%	—	45.5
Lupin Limited	Healthcare	0.05%	—	13.3
Torrent Pharmaceuticals Limited	Healthcare	0.05%	—	78.2
360 One WAM Limited	Financial Services	0.04%	—	—
Bajaj Holdings & Investment Limited	Financial Services	0.04%	—	—
Bharat Forge Limited	Automobile and Auto Components	0.04%	—	112.5
CG Power and Industrial Solutions Limited	Capital Goods	0.04%	—	96.5
Hindustan Petroleum Corporation Limited	Oil, Gas & Consumable Fuels	0.04%	—	58.3
Kaynes Technology India Limited	Capital Goods	0.04%	—	84.7
Max Healthcare Institute Limited	Healthcare	0.04%	—	126.0
Samvardhana Motherson International Limited	Automobile and Auto Components	0.04%	—	96.6
Suzlon Energy Limited	Capital Goods	0.04%	—	13.3
Tube Investments of India Limited	Automobile and Auto Components	0.04%	—	56.2
Page Industries Limited	Textiles	0.03%	—	53.7
Radico Khaitan Limited	Fast Moving Consumer Goods	0.03%	—	84.1
Trent Limited	Consumer Services	0.03%	—	49.1
Zydus Lifesciences Limited	Healthcare	0.03%	—	33.3
Bajaj Finserv Limited	Financial Services	0.02%	—	—
Cash Margin - CCIL	—	0.02%	—	—
Hyundai Motor India Ltd	Automobile and Auto Components	0.02%	—	33.9
Mazagon Dock Shipbuilders Limited	Capital Goods	0.02%	—	33.7
Persistent Systems Limited	Information Technology	0.02%	—	49.3
Sagility Limited	Information Technology	0.02%	—	60.8
Ather Energy Limited	Automobile and Auto Components	0.01%	—	—
GAIL (India) Limited	Oil, Gas & Consumable Fuels	0.01%	—	12.0
IndusInd Bank Limited	Financial Services	0.01%	—	—
Mphasis Limited	Information Technology	0.01%	—	26.3
National Aluminium Company Limited	Metals & Mining	0.01%	—	9.3
Oberoi Realty Limited	Realty	0.01%	—	29.6
Rail Vikas Nigam Limited	Construction	0.01%	—	50.7
SBI Cards and Payment Services Limited	Financial Services	0.01%	—	—
United Spirits Limited	Fast Moving Consumer Goods	0.01%	—	50.2
Vishal Mega Mart Limited	Consumer Services	0.01%	—	72.1

This is a paid feature

Comparing more months of this fund's own portfolio history is available on paid plans.

Fund details

Fund houseNippon India Mutual Fund

AMFI scheme code118585

CategoryHybrid › Arbitrage

AMFI categoryOpen Ended Schemes(Hybrid Scheme - Arbitrage Fund)

Plan / optionDirect / Growth

ISININF204K01XZ7

NAV history from3 Jan 2013

NAV points on record3,381

Cost and size

Expense ratio (direct, Sep 2026)

1.34%

category median 1.47%

Assets under management

₹9,903 crore

average, June-2026

Regular plan expense ratio

2.03%

Expense ratio by month: Oct 25 0.38% · Nov 25 0.38% · Dec 25 0.38% · Jan 26 0.38% · Feb 26 0.32% · Mar 26 0.31% · Apr 26 2.11% · May 26 0.30% · Jun 26 1.36% · Jul 26 1.37% · Aug 26 1.37% · Sep 26 1.34%

From the scheme information document

Benchmark: NIFTY 50 Arbitrage Index
SEBI riskometer: Low
Registrar: KFin Technologies Limited
Minimum investment: 5000
Minimum additional: 1000
SIP: SIP - Rs.100/- per month (minimum 60 months); Rs.500/- per month (minimum 12 months); Rs.1000/- per month (minimum 6 months); Rs. 500/- per quarter (minimum 12…
Fund manager(s): FM 1 Vikash Agarwal, FM 2 Rohit Hashmukh Shah , FM3 Nemish Sheth

Exit load

0.25% if redeemed or switched out on or before completion of 15 days from the date of allotment of units. Nil, thereafter.

Objective

The investment objective of the scheme is 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. There is no assurance that the investment objective of the Scheme will be achieved

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 · IDCW₹16.2504
Direct · IDCW₹19.1167
Regular · Growth₹28.4856
Regular · IDCW₹14.8480
Regular · IDCW₹17.0713

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.