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HSBC Arbitrage Fund
Direct Plan · Growth · HSBC Mutual Fund
Returns
Annualised (CAGR) returns for periods over a year.
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Rank in Category
| Period | This Fund | Category Avg. | Rank |
|---|---|---|---|
| 1W | +0.20% | +0.20% | 22 of 40 |
| 1M | +0.58% | +0.54% | 33 of 40 |
| 3M | +1.63% | +1.38% | 21 of 39 |
| 6M | +3.08% | +2.47% | 24 of 38 |
| YTD | +5.14% | +4.01% | 18 of 40 |
| 1Y | +6.58% | +5.27% | 17 of 33 |
| 2Y | +6.85% | +5.41% | 14 of 28 |
| 3Y | +7.21% | +5.68% | 14 of 26 |
| INCEPTION | +7.40% | — | — |
Ranked among: Hybrid Scheme - Arbitrage Fund.
Rolling Returns
| Period | Average | Best | Worst | Positive Periods | Consistency |
|---|---|---|---|---|---|
| 3M | +1.80% | +2.39% | +1.03% | 100% | 41% |
| 6M | +3.64% | +4.54% | +2.75% | 100% | 41% |
| 1Y | +7.46% | +8.66% | +6.04% | 100% | 43% |
| 2Y | +7.47% | +8.07% | +6.71% | 100% | 43% |
| 3Y | +7.44% | +7.70% | +7.10% | 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
- Equity69.02%
- Debt27.05%
- Cash2.17%
- Other1.76%
Market Cap Split
- Large Cap43.92%
- Mid Cap16.12%
- Small Cap8.98%
- Others30.98%
Fundamentals
| Fund | Category | |
|---|---|---|
| P/E | 15.90 | 16.11 |
| P/B | 1.93 | 2.25 |
| Price / Sales | 2.27 | 2.35 |
| Dividend Yield (%) | 1.55 | 1.63 |
Holdings · Sep 2026
| Holding | Sector | Weight | Change (1M) |
|---|---|---|---|
| HSBC Money Market Fund - Direct Growth | Internal - Mutual Fund Units | 14.34% | -1.42% |
| ICICI Bank | Banks | 5.32% | +1.41% |
| Reliance Industries | Petroleum Products | 4.84% | +3.52% |
| HDFC Bank | Banks | 4.78% | -0.17% |
| Steel Authority of India | Ferrous Metals | 3.24% | -0.68% |
| Canara Bank | Banks | 3.04% | -0.48% |
| Adani Power | Power | 2.55% | -0.11% |
| Bandhan Bank | Banks | 2.36% | -0.42% |
| Treps | Reverse Repo / TREPS | 2.05% | — |
| HDFC Bank Limited** | Money Market | 2.01% | — |
| Crompton Greaves | Consumer Durables | 2.00% | +0.35% |
| NABARD** | Money Market | 2.00% | -0.20% |
| Yes Bank | Banks | 1.83% | -0.29% |
| HSBC Ultra Short Term Fund - Direct Growth | Internal - Mutual Fund Units | 1.76% | -0.17% |
| Varun Beverages | Beverages | 1.74% | +0.10% |
View all 159 holdings
| IDFC First Bank | Banks | 1.47% | +0.12% |
| Punjab National Bank | Banks | 1.45% | -0.36% |
| Axis Bank Limited** | Money Market | 1.35% | -0.13% |
| Bank of Baroda** | Money Market | 1.34% | -0.14% |
| Union Bank of India** | Money Market | 1.34% | — |
| Bank of Baroda** | Money Market | 1.34% | — |
| Godrej Properties | Realty | 1.28% | -0.39% |
| Axis Bank | Banks | 1.26% | -0.38% |
| HDFC Life Insurance | Insurance | 1.26% | -0.40% |
| Adani Energy Solutions | Power | 1.24% | -0.16% |
| NMDC | Minerals & Mining | 1.17% | -0.32% |
| JSW Steel | Ferrous Metals | 1.11% | -0.18% |
| Manappuram Finance | Finance | 1.05% | -0.05% |
| Indian Energy Exchange | Capital Markets | 1.04% | -0.33% |
| Bajaj Finance | Finance | 0.98% | +0.55% |
| Glenmark Pharmaceuticals | Pharmaceuticals & Biotechnology | 0.97% | -0.24% |
| Jio Financial Services | Finance | 0.94% | -0.63% |
| Tata Steel | Ferrous Metals | 0.88% | -0.02% |
| Divis Laboratories | Pharmaceuticals & Biotechnology | 0.83% | +0.81% |
| State Bank of India | Banks | 0.82% | +0.16% |
| Infosys | IT - Software | 0.80% | -0.17% |
| Ambuja Cements | Cement & Cement Products | 0.79% | -0.17% |
| Kalyan Jewellers | Consumer Durables | 0.78% | -0.48% |
| ITC | Diversified FMCG | 0.78% | -0.16% |
| LIC Housing Finance | Finance | 0.75% | -0.06% |
| AU Small Finance Bank | Banks | 0.73% | -0.31% |
| Sun Pharmaceutical | Pharmaceuticals & Biotechnology | 0.73% | — |
| Axis Bank Limited^ | Money Market | 0.68% | -0.06% |
| SIDBI** | Money Market | 0.67% | -0.07% |
| Punjab National Bank** | Money Market | 0.67% | -0.07% |
| Federal Bank | Banks | 0.66% | +0.31% |
| Indian Bank** | Money Market | 0.66% | — |
| Inox Wind | Electrical Equipment | 0.65% | -0.08% |
| SIDBI** | Money Market | 0.65% | — |
| Indus Towers | Telecom - Services | 0.64% | -0.35% |
| NBCC | Construction | 0.62% | -0.17% |
| Vodafone Idea | Telecom - Services | 0.57% | -0.13% |
| Container Corporation of India | Transport Services | 0.56% | -0.11% |
| Bharat Heavy Electricals | Electrical Equipment | 0.52% | -0.09% |
| Power Finance Corporation | Finance | 0.51% | +0.03% |
| Adani Enterprises | Metals & Minerals Trading | 0.49% | +0.01% |
| LIC of India | Insurance | 0.46% | +0.19% |
| HDFC AMC | Capital Markets | 0.43% | -0.25% |
| Cummins | Industrial Products | 0.42% | -0.02% |
| Mphasis | IT - Software | 0.41% | +0.03% |
| Coal India | Consumable Fuels | 0.41% | -0.11% |
| Biocon | Pharmaceuticals & Biotechnology | 0.39% | -0.07% |
| Laurus Labs | Pharmaceuticals & Biotechnology | 0.38% | — |
| Indusind Bank | Banks | 0.30% | — |
| Bharti Airtel | Telecom - Services | 0.30% | -0.40% |
| Bank of India | Banks | 0.29% | -0.20% |
| Hindustan Unilever | Diversified FMCG | 0.29% | -0.21% |
| Jindal Steel | Ferrous Metals | 0.28% | +0.25% |
| Kotak Bank | Banks | 0.26% | +0.15% |
| Indian Hotels Company | Leisure Services | 0.25% | +0.05% |
| Tata Motors Passenger Vehicles | Automobiles | 0.21% | -0.10% |
| Muthoot Finance | Finance | 0.21% | +0.09% |
| Bank of Baroda | Banks | 0.19% | -0.03% |
| RBL Bank | Banks | 0.18% | +0.07% |
| Tata Consumer Products | Agricultural Food & other Products | 0.17% | -0.03% |
| APL Apollo Tubes | Industrial Products | 0.17% | +0.12% |
| GE Vernova T&D | Electrical Equipment | 0.16% | -0.01% |
| Indian Oil Corporation | Petroleum Products | 0.14% | -0.10% |
| Adani Green Energy | Power | 0.13% | -0.10% |
| GAIL | Gas | 0.13% | +0.04% |
| Colgate Palmolive | Personal Products | 0.13% | — |
| PB FinTech | Financial Technology (Fintech) | 0.13% | — |
| Apollo Hospitals | Equity | 0.12% | -0.10% |
| Net Current Assets (including cash & bank balances) | Net Current Assets | 0.12% | — |
| PNB Housing Finance | Finance | 0.10% | +0.10% |
| Fortis Healthcare | Equity | 0.09% | -0.04% |
| Bharat Forge | Auto Components | 0.09% | -0.01% |
| Bajaj Holdings & Investments | Finance | 0.08% | -0.02% |
| Eternal | Retailing | 0.08% | +0.08% |
| Delhivery | Transport Services | 0.07% | +0.06% |
| Sagility | IT - Services | 0.07% | +0.02% |
| Aditya Birla Capital | Finance | 0.07% | -0.05% |
| Hindalco Industries | Non - Ferrous Metals | 0.07% | -0.06% |
| Vedanta | Diversified Metals | 0.07% | +0.02% |
| Suzlon Energy | Electrical Equipment | 0.07% | -0.02% |
| Hindustan Aeronautics | Aerospace & Defense | 0.06% | +0.00% |
| Maruti Suzuki | Automobiles | 0.06% | -0.13% |
| Dabur India | Personal Products | 0.05% | -0.01% |
| Ashok Leyland | Agricultural, Commercial & Construction Vehicles | 0.05% | +0.04% |
| Tech Mahindra | IT - Software | 0.05% | +0.02% |
| Tube Investment | Auto Components | 0.05% | +0.00% |
| Voltas | Consumer Durables | 0.05% | -0.27% |
| Tata Power | Power | 0.04% | -0.03% |
| Larsen & Toubro | Construction | 0.04% | +0.02% |
| Coforge | IT - Software | 0.04% | +0.03% |
| SBI Life Insurance | Insurance | 0.04% | -0.12% |
| PG Electroplast | Consumer Durables | 0.04% | +0.03% |
| Marico | Agricultural Food & other Products | 0.04% | +0.00% |
| Bajaj Finserv | Finance | 0.04% | +0.04% |
| Hindustan Petroleum | Petroleum Products | 0.04% | -0.31% |
| Lupin | Pharmaceuticals & Biotechnology | 0.03% | +0.02% |
| Interglobe Aviation | Transport Services | 0.03% | — |
| Hitachi Energy | Electrical Equipment | 0.03% | -0.16% |
| CAMS | Capital Markets | 0.03% | -0.09% |
| Avenue Supermarts DMart | Retailing | 0.03% | — |
| Bharat Electronics | Aerospace & Defense | 0.03% | -0.09% |
| ICICI Lombard General Insurance | Insurance | 0.03% | -0.02% |
| Cholamandalam Investment | Finance | 0.03% | — |
| Cipla | Pharmaceuticals & Biotechnology | 0.02% | +0.01% |
| Torrent Pharmaceuticals | Pharmaceuticals & Biotechnology | 0.02% | +0.00% |
| Aurobindo Pharma | Pharmaceuticals & Biotechnology | 0.02% | -0.08% |
| One 97 Communications | Financial Technology (Fintech) | 0.02% | — |
| Shriram Finance | Finance | 0.02% | — |
| Amber Enterprises | Consumer Durables | 0.02% | — |
| Union Bank of India | Banks | 0.02% | +0.01% |
| Zydus Life Science | Pharmaceuticals & Biotechnology | 0.01% | +0.00% |
| Supreme Industries | Industrial Products | 0.01% | +0.01% |
| SBI Cards | Finance | 0.01% | — |
| Alkem Laboratories | Pharmaceuticals & Biotechnology | 0.01% | +0.00% |
| Power Grid Corporation of India | Power | 0.01% | -0.02% |
| NTPC | Power | 0.01% | -0.06% |
| UNO Minda | Auto Components | 0.01% | — |
| Adani Ports & SEZ | Transport Infrastructure | 0.01% | -0.13% |
| SRF | Chemicals & Petrochemicals | 0.01% | -0.01% |
| Bosch | Auto Components | 0.01% | — |
| TVS Motors | Automobiles | 0.01% | — |
| NALCO | Non - Ferrous Metals | 0.01% | — |
| Swiggy | Retailing | 0.00% | — |
| Bharat Petroleum | Petroleum Products | 0.00% | — |
| Bajaj Auto | Automobiles | 0.00% | -0.01% |
| United Spirits | Beverages | 0.00% | -0.02% |
| Patanjali Foods | Agricultural Food & other Products | 0.00% | -0.07% |
| Motilal Oswal Financial Services | Capital Markets | 0.00% | +0.00% |
| HCL Technologies | IT - Software | 0.00% | +0.00% |
| Vishal Mega Mart | Retailing | 0.00% | +0.00% |
| UPL | Fertilizers & Agrochemicals | 0.00% | -0.08% |
| Hindustan Zinc | Non - Ferrous Metals | 0.00% | -0.01% |
| Info Edge | Retailing | 0.00% | — |
| Nestle | Food Products | 0.00% | — |
| Astral | Industrial Products | 0.00% | — |
| Max Financial Services | Insurance | 0.00% | -0.20% |
| UltraTech Cement | Cement & Cement Products | 0.00% | +0.00% |
| Bank of Maharashtra | Banks | 0.00% | — |
| Samvardhana Motherson International | Auto Components | 0.00% | -0.02% |
| Pidilite Industries | Chemicals & Petrochemicals | 0.00% | — |
| CG Power & Industrial Solutions | Electrical Equipment | 0.00% | — |
| Mahindra & Mahindra | Automobiles | 0.00% | — |
| JSW Energy | Power | 0.00% | — |
| Oil & Natural Gas Corporation | Oil | 0.00% | — |
Sector Allocation · Sep 2026
View all 41 sectors
Risk Metrics
Standard Deviation
| Period | Fund | Category | |
|---|---|---|---|
| 1Y | 0.37 | 0.74 | Low Volatility |
| 3Y | 0.54 | 0.56 | Low Volatility |
| 5Y | 0.63 | 0.67 | Low Volatility |
What is this?
Risk as measured by standard deviation is a statistical measure that quantifies the amount of variation or dispersion in a set of data points relative to its mean (average).
Sharpe Ratio
| Period | Fund | Category | |
|---|---|---|---|
| 1Y | 1.37 | 0.85 | Good Risk Adjusted Returns |
| 3Y | 1.67 | 0.83 | Good Risk Adjusted Returns |
| 5Y | 1.16 | 0.37 | Good Risk Adjusted Returns |
What is this?
Higher the value means that fund has been able to give better returns for the amount of risk taken. It helps investors understand the return of an investment compared to its risk, showing whether the returns are due to intelligent investing or simply taking on excess risk. It is calculated by subtracting the risk-free return, defined as an Indian Government Bond, from the fund's returns, and then dividing by the standard deviation of returns.
Sortino Ratio
| Period | Fund | Category | |
|---|---|---|---|
| 1Y | 2.44 | 1.62 | Good Risk Adjusted Returns |
| 3Y | 3.22 | 1.66 | Good Risk Adjusted Returns |
| 5Y | 1.90 | 0.76 | Good Risk Adjusted Returns |
What is this?
The Sortino Ratio is a financial metric used to measure the risk-adjusted return of an investment. It's a modification of the Sharpe Ratio but with a key difference; it only considers downside risk (the risk of negative returns), rather than total volatility. This means it focuses on how well an investment performs relative to the volatility that leads to losses, ignoring the volatility that results in gains. The idea is that investors are primarily concerned with minimizing losses, and positive volatility is generally seen as a good thing.
Compare With Peers
| Scheme | 1Y | 3Y | 5Y | Since Inception |
|---|---|---|---|---|
|
quant Arbitrage Fund
Direct Plan · Growth Option
|
+7.58% | — | — | +7.38% |
|
WhiteOak Capital Arbitrage Fund
Direct Plan · Growth Option
|
+7.18% | — | — | +7.24% |
|
Franklin India Arbitrage Fund
Direct Plan · IDCW
|
+7.12% | — | — | +7.09% |
|
Bajaj Finserv Arbitrage Fund
Direct Plan · Growth
|
+6.62% | +7.00% | — | +7.02% |
|
PGIM India Arbitrage Fund
Direct plan · Growth
|
+6.54% | +7.08% | +6.52% | +6.12% |
|
TRUSTMF ARBITRAGE FUND
Direct Plan · Growth
|
+6.51% | — | — | +6.50% |
|
Parag Parikh Arbitrage Fund
Direct Plan · Growth
|
+6.48% | — | — | +6.96% |
|
ITI Arbitrage Fund
Direct Plan · IDCW Option
|
+6.33% | +7.22% | +6.24% | +5.51% |
|
BANK OF INDIA ARBITRAGE FUND
Direct Plan · Annual IDCW
|
+6.28% | +6.78% | +5.94% | +4.16% |
|
Invesco India Arbitrage Fund
Regular Plan · Growth
|
+6.15% | +6.75% | +6.41% | +6.55% |
More From HSBC Asset Management (India) Private Ltd.
| Scheme | 1Y | 3Y | 5Y | Since Inception |
|---|---|---|---|---|
|
HSBC Brazil Fund
Direct Plan · Growth
|
+50.91% | +21.44% | +13.65% | +2.00% |
|
HSBC Global Emerging Markets Fund
Direct Plan · Growth
|
+31.22% | +26.87% | +10.98% | +8.56% |
|
HSBC Asia Pacific (Ex Japan) Dividend Yield Fund
Direct Plan · Growth
|
+23.19% | +24.77% | +13.34% | +10.93% |
|
HSBC India Export Opportunities Fund
Direct Plan · IDCW
|
+16.74% | — | — | +7.98% |
|
HSBC Midcap Fund
Direct Plan · Growth
|
+11.68% | +21.32% | — | +22.60% |
|
HSBC Small Cap Fund
Direct plan · Growth
|
+8.95% | +12.46% | — | +17.86% |
|
HSBC Liquid Fund
Regular Plan · Direct
|
+6.46% | +6.92% | +6.40% | +6.82% |
|
HSBC Ultra Short Term Fund
Direct plan · Growth
|
+6.43% | +7.17% | +6.57% | +6.11% |
|
HSBC Money Market Fund
Direct Plan · Growth
|
+6.40% | +7.27% | — | +7.29% |
|
HSBC Ultra Short to Short Term Fund
Direct Plan · Growth
|
+6.03% | +7.77% | — | +7.72% |
About This Scheme
Investment 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.
Stated Asset Allocation
Equity and equity related securities and equity derivatives : 65% -90% Debt instruments in CDs, government securities with maturities upto 1 year, mutual fund units of liquid, money market or schemes having Macaulay duration less than 1 year for meeting liquidity and margin requirements : 10-35%
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
Fund Managers
FM 1 - Praveen Ayathan, FM 2 - Mahesh Chhabria, FM 3 - Mohd. Asif Rizwi
FM 1 - Primary, FM 2 - Primary, FM 3 - Primary
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.