Mutual Fund Category AMFI: 'Hybrid Scheme - Arbitrage Fund', 'Hybrid Schemes - Arbitrage Fund'

Arbitrage Funds

Empirical historical performance, risk metrics vs benchmark, and constituent schemes rolling return analytics.

About this Category

Overview

Minimum investment in equity & equity related instruments - 65% of total assets. Asset allocation in case of defensive consideration shall be stated in the SID. Exposure in debt instruments shall be limited to government securities with maturity less than 1 year as well as repo of government bonds only. An open ended scheme investing in arbitrage opportunities. No investment in InvITs permitted.

Goal

Safety of Capital over Income generation. These funds historically have been less volatile (less standard deviation) and have given returns comparable with liquid funds but are taxed as equity. Future returns are not guaranteed.

Taxation

These funds are taxed as equity and taxed only on redemption.

Questions

How have liquid funds performed vs arbitrage?
If you consider your tax rate do you get positive or negative returns after adjusting for inflation?
Compare returns of FDs vs these funds, what do you observe?
What was impact of interest rate hike (and cut) on these funds on the day it got announced, 1 month after the announcement and 120 days after the announcement, assuming there are no further announcements.

Analyze rolling returns, drawdowns, win/loss distributions, and risk metrics for the CATEGORY-ARBITRAGE-FUNDS benchmark series. View Arbitrage Funds Series Details

End Amount

₹24,621.85

Initial: ₹10000 (Lumpsum)

Category CAGR

6.75%

Arbitrage Funds Return

Benchmark CAGR

6.04%

Nifty 1D Rate

Inflation Adj. CAGR

1.81%

Real Annualized Return

Alpha

0.01

Excess Return vs Benchmark

Beta

0.43

Volatility vs Benchmark

Sharpe Ratio

0.83

Risk-Adjusted Return

Sortino Ratio

1.46

Downside Risk-Adjusted Return

Arbitrage Funds vs Benchmark vs Inflation

Constituent Mutual Fund Schemes (38) Click column headers to sort by rolling return percentiles across 5-year and 10-year horizons.

Return statistics cached as of October 31, 2026 (cached version)

Scheme Name	2.5Th percentile return for 5 Years	Median percentile return for 5 Years	2.5Th percentile return for 10 Years	Median percentile return for 10 years
Aditya Birla Sun Life Arbitrage Fund - Growth - Direct Plan MF_119526	5.49%	6.28%	6.39%	6.49%
Axis Arbitrage Fund - Direct Plan - Growth MF_130773	5.57%	6.12%	6.45%	6.50%
BANDHAN Arbitrage Fund-Direct Plan- Growth MF_118474	5.48%	6.24%	6.33%	6.47%
BANK OF INDIA Arbitrage Fund Direct Plan Growth MF_143614	4.50%	4.95%	-	-
BARODA BNP PARIBAS ARBITRAGE FUND-DIRECT PLAN-GROWTH OPTION MF_150251	-	-	-	-
Bajaj Finserv Arbitrage Fund-Direct Plan-Growth MF_152077	-	-	-	-
Capitalmind Arbitrage Fund-Direct-Growth MF_154236	-	-	-	-
DSP Arbitrage Fund - Direct - Growth MF_142283	5.39%	5.81%	-	-
Edelweiss Arbitrage Fund- Direct Plan- Growth Option MF_130206	5.71%	6.26%	6.52%	6.60%
Franklin India Arbitrage Fund - Direct - Growth MF_153043	-	-	-	-
Groww Arbitrage Fund Direct Growth MF_154320	-	-	-	-
HDFC ARBITRAGE FUND -Direct Plan - Growth Option MF_129052	5.13%	5.83%	6.13%	6.22%
HSBC Arbitrage Fund - Direct Growth MF_151138	-	-	-	-
Helios Arbitrage Fund - Direct Growth MF_154257	-	-	-	-
ICICI Prudential Arbitrage Fund - Direct Plan - Growth MF_120364	5.46%	6.24%	6.34%	6.50%
ITI Arbitrage Fund - Direct Plan - Growth Option MF_147617	-	-	-	-
Invesco India Arbitrage Fund - Direct Plan - Growth Option MF_120401	5.57%	6.33%	6.46%	6.59%
JM Arbitrage Fund (Direct) - Growth Option MF_120482	4.41%	5.45%	5.63%	5.82%
JioBlackRock Arbitrage Fund - Direct Plan - Growth Option MF_154076	-	-	-	-
Kotak Arbitrage Fund - Direct Plan - Growth MF_119771	5.58%	6.34%	6.46%	6.60%
LIC MF Arbitrage Fund-Direct Plan-Growth MF_145895	5.42%	5.80%	-	-
Mahindra Manulife Arbitrage Fund - Direct Plan -Growth MF_148468	-	-	-	-
Mirae Asset Arbitrage Fund - Direct Plan - Growth MF_148401	-	-	-	-
Motilal Oswal Arbitrage Fund-Direct Plan-Growth MF_153187	-	-	-	-
NJ Arbitrage Fund - Direct Plan - Growth Option MF_150367	-	-	-	-
Nippon India Arbitrage Fund - Direct Plan Growth Plan - Growth Option MF_118585	5.70%	6.36%	6.48%	6.68%
Old Bridge Arbitrage Fund Direct Growth MF_153979	-	-	-	-
PGIM India Arbitrage Fund - Direct Plan - Growth MF_138875	5.14%	5.61%	6.06%	6.10%
Parag Parikh Arbitrage Fund - Direct Plan Growth MF_152109	-	-	-	-
Samco Arbitrage Fund - Direct Plan - Growth MF_153090	-	-	-	-
Sundaram Arbitrage Fund (Formerly Known as Prinicpal Arbitrage Fund) - Direct Plan - Growth MF_149550	-	-	-	-
TRUSTMF ARBITRAGE FUND -DIRECT PLAN-GROWTH MF_153804	-	-	-	-
Tata Arbitrage Fund-Direct Plan-Growth MF_145724	6.09%	6.30%	-	-
THE WEALTH COMPANY ARBITRAGE FUND DIRECT GROWTH MF_153891	-	-	-	-
UTI Arbitrage Fund - Direct Plan - Growth Option MF_120795	5.46%	6.21%	6.33%	6.46%
Union Arbitrage Fund - Direct Plan - Growth Option MF_146297	5.63%	5.91%	-	-
WhiteOak Capital Arbitrage Fund Direct Plan Growth MF_152849	-	-	-	-
quant Arbitrage Fund - Growth Option - Direct Plan MF_153426	-	-	-	-