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Hybrid Scheme - Arbitrage Fund
Axis Arbitrage Fund
Direct Plan · Growth Option · Axis Mutual Fund
Risk: Low Risk
52W Low ₹20.74 6 Nov 2025
52W High ₹22.13 3 Nov 2026
₹22.1094
NAV as of 4 Nov 2026
-0.11% day change
Other Plans of This Fund
ISININF846K01PZ1
Scheme Code130773
StructureOpen Ended Schemes
Fund HouseAxis Asset Management Co. Ltd.
AUM (avg. July - September 2026)₹7,506.83 Cr
Expense Ratio (as of 3 Nov 2026)1.39%
Min. InvestmentRs. 5,000 and in multiples of Re. 1/- thereafter
Inception Date25 Jul 2014
BenchmarkNifty 50 Arbitrage Index
Portfolio Turnover1192.15%
NFO Period25 Jul 2014 – 08 Aug 2014
Returns
1Y
+6.61%
3Y
+7.29%
5Y
+6.85%
7Y
+6.23%
10Y
+6.44%
Since Inception
+6.70%
Annualised (CAGR) returns for periods over a year.
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Rank in Category
| Period | This Fund | Category Avg. | Rank |
|---|---|---|---|
| 1W | +0.18% | +0.16% | 25 of 40 |
| 1M | +0.59% | +0.54% | 31 of 40 |
| 3M | +1.28% | +1.04% | 25 of 39 |
| 6M | +3.27% | +2.61% | 24 of 39 |
| YTD | +5.55% | +4.25% | 22 of 40 |
| 1Y | +6.61% | +5.24% | 21 of 34 |
| 2Y | +6.87% | +5.33% | 13 of 28 |
| 3Y | +7.29% | +5.69% | 12 of 27 |
| 5Y | +6.85% | +5.09% | 8 of 21 |
| 7Y | +6.23% | +4.44% | 8 of 19 |
| 10Y | +6.44% | +4.26% | 6 of 13 |
| INCEPTION | +6.70% | — | — |
Ranked among: Hybrid Scheme - Arbitrage Fund.
Rolling Returns
| Period | Average | Best | Worst | Positive Periods | Consistency |
|---|---|---|---|---|---|
| 3M | +1.64% | +2.63% | +0.20% | 100% | 41% |
| 6M | +3.28% | +4.93% | +1.41% | 100% | 41% |
| 1Y | +6.62% | +9.11% | +3.49% | 100% | 42% |
| 2Y | +6.55% | +8.16% | +4.13% | 100% | 42% |
| 3Y | +6.45% | +7.77% | +4.62% | 100% | 42% |
| 5Y | +6.23% | +7.39% | +5.52% | 100% | 42% |
| 7Y | +6.21% | +6.67% | +5.95% | 100% | 42% |
| 10Y | +6.53% | +6.66% | +6.42% | 100% | 43% |
Rolling returns show the average, best and worst outcome an investor would have seen entering at any point in the window.
NAV History
AUM Trend (₹ Cr, quarterly average)
Expense Ratio Trend
Portfolio · Sep 2026
Asset Allocation
- Equity44.40%
- Debt10.97%
- Cash44.63%
- Other0.00%
Market Cap Split
- Large Cap54.44%
- Mid Cap12.05%
- Small Cap3.19%
- Others30.32%
Fundamentals
| Fund | Category | |
|---|---|---|
| P/E | 16.91 | 16.11 |
| P/B | 2.32 | 2.25 |
| Price / Sales | 2.39 | 2.35 |
| Price / Cash Flow | 12.63 | 11.93 |
| Dividend Yield (%) | 1.57 | 1.63 |
Holdings169
Top 5 Stocks16.93%
Top 10 Stocks25.39%
Top 3 Sectors29.34%
Holdings · Sep 2026
| Holding | Sector | Weight | Change (1M) |
|---|---|---|---|
| Net Receivables / (Payables) | Net Current Assets | 68.51% | — |
| Axis Money Market Fund - Direct Plan - Growth Option | Money Market | 13.06% | +0.59% |
| HDFC Bank | Banks | 4.06% | +0.60% |
| ICICI Bank | Banks | 3.83% | +0.37% |
| Reliance Industries | Petroleum Products | 3.77% | +0.52% |
| Bharat Heavy Electricals | Electrical Equipment | 2.64% | -0.11% |
| State Bank of India | Banks | 2.63% | +0.43% |
| Bharti Airtel | Telecom - Services | 2.22% | +0.21% |
| Canara Bank (10/02/2027) ** | Money Market | 1.92% | — |
| National Bank For Agriculture and Rural Development (10/03/2027) ** | Money Market | 1.91% | +0.09% |
| Small Industries Dev Bank of India (04/02/2027) ** | Money Market | 1.87% | +0.08% |
| Tata Steel | Ferrous Metals | 1.83% | +0.29% |
| Canara Bank (02/02/2027) ** | Money Market | 1.68% | +0.07% |
| National Bank For Agriculture and Rural Development (02/03/2027) ** | Money Market | 1.67% | +0.07% |
| Kotak Bank | Banks | 1.58% | +0.01% |
View all 172 holdings
| Clearing Corporation of India Ltd | Net Current Assets | 1.54% | — |
| Bajaj Finance | Finance | 1.43% | +0.13% |
| Cummins | Industrial Products | 1.40% | +0.54% |
| Axis Bank | Banks | 1.38% | -0.01% |
| Adani Enterprises | Metals & Minerals Trading | 1.31% | -0.01% |
| Bharat Electronics | Aerospace & Defense | 1.30% | -0.68% |
| Small Industries Dev Bank of India (18/02/2027) ** | Money Market | 1.29% | +0.06% |
| Divis Laboratories | Pharmaceuticals & Biotechnology | 1.25% | +0.40% |
| Bank of Baroda (25/01/2027) | Money Market | 1.20% | +0.51% |
| Coal India | Consumable Fuels | 1.19% | +0.13% |
| Canara Bank | Banks | 1.19% | -0.02% |
| Hindustan Unilever | Diversified FMCG | 1.18% | -0.04% |
| Hindalco Industries | Non - Ferrous Metals | 1.16% | +0.03% |
| Infosys | IT - Software | 1.15% | +0.92% |
| Vodafone Idea | Telecom - Services | 1.14% | -0.08% |
| Cholamandalam Investment | Finance | 1.13% | -0.26% |
| Indus Towers | Telecom - Services | 1.12% | -0.13% |
| Jio Financial Services | Finance | 1.07% | -0.04% |
| JSW Steel | Ferrous Metals | 1.04% | +0.02% |
| Adani Power | Power | 1.01% | -0.02% |
| Punjab National Bank (10/02/2027) | Money Market | 0.96% | +0.27% |
| Union Bank of India (02/03/2027) ** | Money Market | 0.96% | -0.41% |
| Glenmark Pharmaceuticals | Pharmaceuticals & Biotechnology | 0.93% | -0.05% |
| Manappuram Finance | Finance | 0.87% | +0.00% |
| UltraTech Cement | Cement & Cement Products | 0.81% | -0.06% |
| Steel Authority of India | Ferrous Metals | 0.80% | -0.02% |
| Punjab National Bank | Banks | 0.79% | -0.02% |
| Biocon | Pharmaceuticals & Biotechnology | 0.78% | -0.03% |
| Federal Bank | Banks | 0.78% | +0.09% |
| ITC | Diversified FMCG | 0.76% | -0.15% |
| Varun Beverages | Beverages | 0.72% | +0.21% |
| APL Apollo Tubes | Industrial Products | 0.70% | +0.44% |
| LIC Housing Finance | Finance | 0.70% | +0.42% |
| LIC of India | Insurance | 0.69% | +0.25% |
| HDFC Life Insurance | Insurance | 0.68% | -0.06% |
| Apollo Hospitals | Equity | 0.68% | -0.02% |
| Yes Bank | Banks | 0.66% | +0.02% |
| Crompton Greaves | Consumer Durables | 0.61% | -0.04% |
| NMDC | Minerals & Mining | 0.60% | +0.05% |
| Container Corporation of India | Transport Services | 0.58% | -0.06% |
| Canara Bank (08/12/2026) | Money Market | 0.49% | — |
| Small Industries Dev Bank of India (16/12/2026) ** | Money Market | 0.49% | -0.67% |
| HDFC Bank Limited (22/01/2027) ** | Money Market | 0.48% | +0.02% |
| Kotak Mahindra Bank Limited (29/01/2027) ** | Money Market | 0.48% | +0.02% |
| Indian Bank (05/02/2027) ** | Money Market | 0.48% | +0.02% |
| Canara Bank (25/03/2027) ** | Money Market | 0.48% | +0.03% |
| Hindustan Aeronautics | Aerospace & Defense | 0.47% | +0.06% |
| Bank of Baroda | Banks | 0.47% | +0.17% |
| NTPC | Power | 0.47% | +0.00% |
| GE Vernova T&D | Electrical Equipment | 0.47% | -0.01% |
| Adani Energy Solutions | Power | 0.43% | +0.03% |
| Godrej Properties | Realty | 0.42% | +0.15% |
| Indian Hotels Company | Leisure Services | 0.41% | +0.10% |
| Bharat Forge | Auto Components | 0.41% | +0.18% |
| Ambuja Cements | Cement & Cement Products | 0.41% | +0.03% |
| Adani Green Energy | Power | 0.38% | +0.03% |
| Indian Oil Corporation | Petroleum Products | 0.35% | -0.01% |
| Astral | Industrial Products | 0.35% | — |
| Maruti Suzuki | Automobiles | 0.33% | -0.18% |
| Ashok Leyland | Agricultural, Commercial & Construction Vehicles | 0.33% | +0.05% |
| Bandhan Bank | Banks | 0.31% | +0.04% |
| Bank of India | Banks | 0.31% | -0.03% |
| Muthoot Finance | Finance | 0.30% | +0.09% |
| Lupin | Pharmaceuticals & Biotechnology | 0.28% | +0.04% |
| Power Finance Corporation | Finance | 0.27% | +0.24% |
| Indian Energy Exchange | Capital Markets | 0.26% | -0.07% |
| SBI Cards | Finance | 0.25% | — |
| UPL | Fertilizers & Agrochemicals | 0.24% | -0.03% |
| Coforge | IT - Software | 0.24% | — |
| Tata Motors Passenger Vehicles | Automobiles | 0.24% | +0.06% |
| Punjab National Bank (15/12/2026) ** | Money Market | 0.24% | — |
| Small Industries Dev Bank of India (28/01/2027) ** | Money Market | 0.24% | -0.22% |
| HDFC Bank Limited (12/03/2027) ** | Money Market | 0.24% | -0.22% |
| HDFC AMC | Capital Markets | 0.23% | -0.05% |
| Tata Consumer Products | Agricultural Food & other Products | 0.21% | -0.01% |
| Swiggy | Retailing | 0.18% | — |
| Marico | Agricultural Food & other Products | 0.18% | +0.04% |
| Fortis Healthcare | Equity | 0.18% | -0.01% |
| Union Bank of India | Banks | 0.17% | -0.06% |
| Hitachi Energy | Electrical Equipment | 0.16% | -0.51% |
| Indusind Bank | Banks | 0.16% | — |
| United Spirits | Beverages | 0.16% | +0.02% |
| Jindal Steel | Ferrous Metals | 0.16% | -0.03% |
| Aurobindo Pharma | Pharmaceuticals & Biotechnology | 0.14% | -0.04% |
| Bajaj Auto | Automobiles | 0.14% | +0.07% |
| Hindustan Petroleum | Petroleum Products | 0.14% | +0.02% |
| National Bank For Agriculture and Rural Development (18/03/2027) | Money Market | 0.14% | +0.00% |
| Samvardhana Motherson International | Auto Components | 0.13% | -0.03% |
| Torrent Pharmaceuticals | Pharmaceuticals & Biotechnology | 0.12% | -0.01% |
| Info Edge | Retailing | 0.12% | — |
| RBL Bank | Banks | 0.11% | +0.02% |
| JSW Energy | Power | 0.11% | +0.02% |
| PNB Housing Finance | Finance | 0.11% | +0.07% |
| SRF | Chemicals & Petrochemicals | 0.11% | -0.04% |
| AU Small Finance Bank | Banks | 0.10% | -0.09% |
| Laurus Labs | Pharmaceuticals & Biotechnology | 0.10% | — |
| PB FinTech | Financial Technology (Fintech) | 0.10% | — |
| Pidilite Industries | Chemicals & Petrochemicals | 0.09% | -0.06% |
| Tata Power | Power | 0.09% | -0.29% |
| Inox Wind | Electrical Equipment | 0.09% | -0.02% |
| Shriram Finance | Finance | 0.09% | — |
| Mphasis | IT - Software | 0.09% | — |
| Asian Paints | Consumer Durables | 0.09% | -0.05% |
| Max Financial Services | Insurance | 0.08% | -0.15% |
| KEI Industries | Industrial Products | 0.08% | — |
| Larsen & Toubro | Construction | 0.06% | -0.12% |
| IDFC First Bank | Banks | 0.06% | +0.00% |
| TVS Motors | Automobiles | 0.06% | -0.15% |
| Supreme Industries | Industrial Products | 0.05% | +0.02% |
| Suzlon Energy | Electrical Equipment | 0.05% | -0.01% |
| Hindustan Zinc | Non - Ferrous Metals | 0.05% | -0.04% |
| Tube Investment | Auto Components | 0.05% | +0.04% |
| Patanjali Foods | Agricultural Food & other Products | 0.05% | +0.01% |
| GAIL | Gas | 0.04% | +0.01% |
| NALCO | Non - Ferrous Metals | 0.04% | -0.05% |
| Mahindra & Mahindra | Automobiles | 0.04% | +0.03% |
| NBCC | Construction | 0.04% | -0.34% |
| Interglobe Aviation | Transport Services | 0.04% | +0.02% |
| Vedanta | Diversified Metals | 0.04% | -0.12% |
| One 97 Communications | Financial Technology (Fintech) | 0.04% | -0.28% |
| Kalyan Jewellers | Consumer Durables | 0.04% | -0.16% |
| Radico Khaitan | Beverages | 0.03% | +0.02% |
| Sagility | IT - Services | 0.03% | +0.01% |
| PG Electroplast | Consumer Durables | 0.02% | +0.01% |
| Eternal | Retailing | 0.02% | — |
| Sun Pharmaceutical | Pharmaceuticals & Biotechnology | 0.02% | -0.03% |
| Bajaj Finserv | Finance | 0.02% | — |
| CAMS | Capital Markets | 0.02% | -0.02% |
| Page Industries | Textiles & Apparels | 0.02% | — |
| Bank of Maharashtra | Banks | 0.02% | +0.00% |
| Delhivery | Transport Services | 0.02% | +0.01% |
| Cipla | Pharmaceuticals & Biotechnology | 0.02% | -0.01% |
| Titan | Consumer Durables | 0.02% | — |
| Dabur India | Personal Products | 0.02% | -0.12% |
| Oil & Natural Gas Corporation | Oil | 0.02% | -0.05% |
| Aditya Birla Capital | Finance | 0.01% | +0.00% |
| Godrej Consumer Products | Personal Products | 0.01% | -0.26% |
| Eicher Motors | Automobiles | 0.01% | -0.36% |
| Avenue Supermarts DMart | Retailing | 0.01% | — |
| Bharat Petroleum | Petroleum Products | 0.01% | -0.03% |
| Trent | Retailing | 0.01% | — |
| Colgate Palmolive | Personal Products | 0.00% | -0.04% |
| Phoenix Mills | Realty | 0.00% | -0.02% |
| Nestle | Food Products | 0.00% | — |
| Oil India | Oil | 0.00% | — |
| Persistent Systems | IT - Software | 0.00% | — |
| Indian Bank | Banks | 0.00% | — |
| Solar Industries | Chemicals & Petrochemicals | 0.00% | -0.26% |
| Prestige Estates Projects | Realty | 0.00% | — |
| Power Grid Corporation of India | Power | 0.00% | -0.09% |
| Adani Ports & SEZ | Transport Infrastructure | 0.00% | -0.17% |
| Voltas | Consumer Durables | 0.00% | -0.01% |
| Motilal Oswal Financial Services | Capital Markets | 0.00% | -0.01% |
| GMR Airports | Transport Infrastructure | 0.00% | -0.05% |
| DLF | Realty | 0.00% | -0.77% |
| SBI Life Insurance | Insurance | 0.00% | -0.04% |
| Max Healthcare Institute | Equity | 0.00% | -0.01% |
Sector Allocation · Sep 2026
View all 42 sectors
Risk Metrics
Standard Deviation
| Period | Fund | Category | |
|---|---|---|---|
| 1Y | 1.36 | 1.71 | Low Volatility |
| 3Y | 1.06 | 1.36 | Low Volatility |
| 5Y | 0.99 | 1.19 | Low Volatility |
What is this?
Annualized population standard deviation of daily denomination-adjusted NAV returns, multiplied by sqrt(252). Values require a full timeframe of NAV history.
Sharpe Ratio
| Period | Fund | Category | |
|---|---|---|---|
| 1Y | 1.39 | -0.31 | Above Average |
| 3Y | 2.90 | 0.29 | Above Average |
| 5Y | 1.82 | -1.02 | Above Average |
What is this?
Annualized Sharpe ratio calculated from month-end NAV returns using the latest available FBIL Overnight MIBOR rate as the risk-free rate. For schemes with less than three years of history, the 3Y value uses since-inception data. Applied risk-free rate: 5.73% (published 2026-10-28).
Sortino Ratio
| Period | Fund | Category | |
|---|---|---|---|
| 1Y | 8.62 | 6.29 | Above Average |
| 3Y | 13.42 | 9.22 | Above Average |
| 5Y | 13.87 | 9.36 | Above Average |
What is this?
Annualized from daily NAV returns using a 0.00% minimum acceptable return; downside deviation includes only returns below this target.
Compare With Peers
| Scheme | 1Y | 3Y | 5Y | Since Inception |
|---|---|---|---|---|
|
quant Arbitrage Fund
Direct Plan · Growth Option
|
+7.48% | — | — | +7.35% |
|
WhiteOak Capital Arbitrage Fund
Direct Plan · Growth Option
|
+7.12% | — | — | +7.24% |
|
Franklin India Arbitrage Fund
Direct Plan · IDCW
|
+7.08% | — | — | +7.08% |
|
Bajaj Finserv Arbitrage Fund
Direct Plan · Growth
|
+6.57% | +6.97% | — | +7.01% |
|
PGIM India Arbitrage Fund
Direct plan · Growth
|
+6.56% | +7.03% | +6.51% | +6.11% |
|
TRUSTMF ARBITRAGE FUND
Direct Plan · Growth
|
+6.50% | — | — | +6.49% |
|
BANK OF INDIA ARBITRAGE FUND
Direct Plan · Annual IDCW
|
+6.42% | +6.79% | +6.00% | +4.19% |
|
Parag Parikh Arbitrage Fund
Direct Plan · Growth
|
+6.40% | +6.92% | — | +6.92% |
|
ITI Arbitrage Fund
Direct Plan · IDCW Option
|
+6.39% | +7.26% | +6.28% | +5.53% |
|
The Wealth Company Arbitrage Fund
Direct Plan · Growth
|
+6.37% | — | — | +6.37% |
More From Axis Asset Management Co. Ltd.
| Scheme | 1Y | 3Y | 5Y | Since Inception |
|---|---|---|---|---|
| Axis Silver ETF | +26.40% | +35.94% | — | +33.11% |
|
Axis Silver Fund of Fund
Direct Plan · Growth Option
|
+25.78% | +35.80% | — | +33.62% |
|
Axis Gold Fund
Direct Plan · Growth option
|
+16.88% | +30.78% | +23.12% | +10.32% |
| Axis Gold ETF | +16.64% | +30.81% | +23.30% | +11.67% |
|
Axis NASDAQ 100 US Specific Equity Passive FOF
Direct Plan · IDCW Option
|
+15.62% | +27.97% | — | +30.61% |
| Axis NIFTY Healthcare ETF | +13.26% | +21.08% | +14.40% | +13.81% |
|
Axis Global Equity Alpha Fund of Fund
Direct Plan · Growth Option
|
+13.25% | +22.73% | +13.92% | +16.86% |
|
Axis India Manufacturing Fund
Direct Plan · IDCW Option
|
+13.04% | — | — | +18.81% |
|
Axis Global Innovation Fund of Fund
Direct Plan · IDCW Option
|
+9.94% | +22.97% | +11.52% | +12.36% |
|
Axis Innovation Fund
Direct Plan · Growth Option
|
+9.66% | +17.73% | +10.46% | +14.81% |
About This Scheme
Investment Objective
To generate income through low volatility absolute return strategies that take advantage of opportunities in the cash and the derivative segments of the equity markets including the arbitrage opportunities available within the derivative segment, by using other derivative based strategies and by investing the balance in debt and money market instruments. However, there is no assurance or guarantee that the investment objective of the Scheme will be achieved. The Scheme does not assure or guarantee any returns.
Stated Asset Allocation
Equities, equity related instruments (unhedged) - (0%-10%), Equities, equity related instruments and derivatives including index futures, stock futures, index options, & stock options, etc. as part of hedged / arbitrage exposure - (65%-90%), Debt and Money market instruments (including investments in securitized debt) - (10%-35%)
Exit Load
If redeemed/switched out within 15 days from the date of investment/allotment: 0.25%. If redeemed/switched out after 15 days from the date of investment/allotment: Nil w.e.f. July 17, 2023
Fund Managers
Mr. Devang Shah, Mr. Sachin Jain
Mr. Devang Shah - Comanage/Fixed Income, Mr. Sachin Jain - Comanage/Fixed Income
Official Documents
Scheme Information Document (PDF)
Scheme Summary (PDF)
Scheme Summary (XLS)
Axis Asset Management Co. Ltd. website
Mutual fund investments are subject to market risks. Read all scheme related documents carefully. Past performance is not indicative of future returns. Data is sourced from AMFI and fund houses via FinAPI and may lag official figures.