GMP IPO Watch
Hybrid Scheme - Arbitrage Fund
SBI Arbitrage Fund
Regular Plan · Growth · SBI Mutual Fund
Risk: Low Risk
52W Low ₹34.47 6 Nov 2025
52W High ₹36.58 3 Nov 2026
₹36.5416
NAV as of 4 Nov 2026
-0.12% day change
Other Plans of This Fund
ISININF200K01156
Scheme Code104457
StructureOpen Ended Schemes
Fund HouseSBI Funds Management Limited
AUM (avg. July - September 2026)₹21,116.84 Cr
Expense Ratio (as of 3 Nov 2026)1.98%
Min. Investment₹25,000
Inception Date15 Sept 2006
BenchmarkNIFTY 50 Arbitrage index · NA
Portfolio Turnover283.02%
NFO Period15-Sep-2006 – 13-Oct-2006
Returns
1Y
+5.99%
3Y
+6.68%
5Y
+6.31%
7Y
+5.59%
10Y
+5.71%
Since Inception
+6.68%
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% | 20 of 40 |
| 1M | +0.60% | +0.54% | 17 of 40 |
| 3M | +1.16% | +1.04% | 16 of 39 |
| 6M | +2.99% | +2.61% | 19 of 39 |
| YTD | +5.03% | +4.25% | 16 of 40 |
| 1Y | +5.99% | +5.24% | 15 of 34 |
| 2Y | +6.29% | +5.33% | 9 of 28 |
| 3Y | +6.68% | +5.69% | 9 of 27 |
| 5Y | +6.31% | +5.09% | 3 of 21 |
| 7Y | +5.59% | +4.44% | 5 of 19 |
| 10Y | +5.71% | +4.26% | 5 of 13 |
| INCEPTION | +6.68% | — | — |
Ranked among: Hybrid Scheme - Arbitrage Fund.
Rolling Returns
| Period | Average | Best | Worst | Positive Periods | Consistency |
|---|---|---|---|---|---|
| 3M | +1.63% | +3.24% | -0.17% | 100% | 41% |
| 6M | +3.28% | +5.71% | +0.79% | 100% | 41% |
| 1Y | +6.63% | +11.00% | +2.21% | 100% | 42% |
| 2Y | +6.58% | +9.38% | +3.24% | 100% | 42% |
| 3Y | +6.54% | +9.14% | +3.78% | 100% | 42% |
| 5Y | +6.54% | +8.71% | +4.76% | 100% | 42% |
| 7Y | +6.56% | +7.89% | +5.08% | 100% | 42% |
| 10Y | +6.54% | +7.67% | +5.70% | 100% | 42% |
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
- Equity77.15%
- Debt6.46%
- Cash2.08%
- Other14.31%
Market Cap Split
- Large Cap61.80%
- Mid Cap13.20%
- Small Cap2.15%
- Others22.85%
Fundamentals
| Fund | Category | |
|---|---|---|
| P/E | 17.23 | 16.09 |
| P/B | 2.33 | 2.26 |
| Price / Sales | 2.33 | 2.35 |
| Price / Cash Flow | 12.92 | 11.93 |
| Dividend Yield (%) | 1.60 | 1.62 |
Holdings198
Top 5 Stocks19.32%
Top 10 Stocks27.78%
Top 3 Sectors32.07%
Holdings · Sep 2026
| Holding | Sector | Weight | Change (1M) |
|---|---|---|---|
| SBI Liquid Fund - DIRECT PLAN -Growth Option | Mutual Fund/ETF | 7.25% | +1.77% |
| SBI Money Market Fund - Direct Plan - Growth Option | Mutual Fund/ETF | 7.06% | -3.32% |
| Reliance Industries | Petroleum Products | 5.58% | +1.28% |
| HDFC Bank | Banks | 4.92% | -0.22% |
| State Bank of India | Banks | 3.68% | -0.07% |
| ICICI Bank | Banks | 2.75% | +0.29% |
| HDFC Bank Ltd. | Money Market | 2.54% | — |
| TREPS | Reverse Repo / TREPS | 2.40% | — |
| Bharti Airtel | Telecom - Services | 2.39% | +0.02% |
| Axis Bank | Banks | 2.31% | -0.10% |
| Tata Steel | Ferrous Metals | 1.59% | +0.54% |
| JSW Steel | Ferrous Metals | 1.58% | -0.01% |
| Bajaj Finance | Finance | 1.57% | +0.26% |
| Adani Enterprises | Metals & Minerals Trading | 1.41% | +0.04% |
| Bharat Electronics | Aerospace & Defense | 1.36% | -0.31% |
View all 203 holdings
| Hindustan Aeronautics | Aerospace & Defense | 1.16% | -0.16% |
| Vodafone Idea | Telecom - Services | 1.10% | -0.16% |
| Divis Laboratories | Pharmaceuticals & Biotechnology | 1.09% | +0.29% |
| Union Bank of India | Money Market | 1.06% | — |
| Bank of Baroda | Money Market | 1.06% | +0.03% |
| Adani Power | Power | 1.03% | +0.25% |
| Adani Green Energy | Power | 0.99% | +0.03% |
| ITC | Diversified FMCG | 0.93% | -0.05% |
| Coal India | Consumable Fuels | 0.90% | +0.09% |
| Canara Bank | Banks | 0.89% | -0.01% |
| Power Finance Corporation | Finance | 0.88% | +0.00% |
| Larsen & Toubro | Construction | 0.87% | -0.22% |
| Kotak Bank | Banks | 0.85% | -0.13% |
| Adani Energy Solutions | Power | 0.81% | +0.13% |
| Bank of Baroda | Banks | 0.78% | +0.17% |
| Punjab National Bank | Banks | 0.78% | -0.02% |
| Jio Financial Services | Finance | 0.77% | -0.01% |
| Varun Beverages | Beverages | 0.76% | +0.19% |
| Federal Bank | Banks | 0.74% | +0.07% |
| IDFC First Bank | Banks | 0.73% | +0.08% |
| Bharat Heavy Electricals | Electrical Equipment | 0.72% | -0.07% |
| Samvardhana Motherson International | Auto Components | 0.71% | +0.38% |
| Indian Hotels Company | Leisure Services | 0.70% | +0.05% |
| Tech Mahindra | IT - Software | 0.64% | +0.25% |
| Tata Power | Power | 0.64% | +0.02% |
| Tata Consumer Products | Agricultural Food & other Products | 0.62% | -0.09% |
| Indus Towers | Telecom - Services | 0.61% | -0.07% |
| Maruti Suzuki | Automobiles | 0.60% | +0.02% |
| Ambuja Cements | Cement & Cement Products | 0.59% | -0.01% |
| Infosys | IT - Software | 0.59% | +0.10% |
| Indian Oil Corporation | Petroleum Products | 0.56% | -0.07% |
| Hindustan Unilever | Diversified FMCG | 0.56% | -0.02% |
| NTPC | Power | 0.55% | -0.13% |
| Hindalco Industries | Non - Ferrous Metals | 0.54% | +0.03% |
| Tata Motors Passenger Vehicles | Automobiles | 0.52% | +0.04% |
| Cholamandalam Investment | Finance | 0.49% | -0.12% |
| Glenmark Pharmaceuticals | Pharmaceuticals & Biotechnology | 0.48% | -0.14% |
| Punjab National Bank | Money Market | 0.47% | +0.01% |
| Adani Ports & SEZ | Transport Infrastructure | 0.46% | -0.04% |
| Kalyan Jewellers | Consumer Durables | 0.46% | -0.06% |
| Steel Authority of India | Ferrous Metals | 0.46% | -0.04% |
| Manappuram Finance | Finance | 0.45% | -0.03% |
| Shriram Finance | Finance | 0.45% | +0.03% |
| Mahindra & Mahindra | Automobiles | 0.44% | +0.06% |
| Indusind Bank | Banks | 0.43% | +0.37% |
| NMDC | Minerals & Mining | 0.42% | -0.06% |
| UltraTech Cement | Cement & Cement Products | 0.42% | +0.00% |
| Union Bank of India | Money Market | 0.42% | +0.01% |
| Cummins | Industrial Products | 0.41% | +0.09% |
| MCX | Capital Markets | 0.41% | +0.17% |
| GMR Airports | Transport Infrastructure | 0.40% | -0.10% |
| Info Edge | Retailing | 0.39% | +0.00% |
| Solar Industries | Chemicals & Petrochemicals | 0.38% | +0.00% |
| APL Apollo Tubes | Industrial Products | 0.38% | +0.22% |
| LIC of India | Insurance | 0.38% | +0.01% |
| Biocon | Pharmaceuticals & Biotechnology | 0.37% | -0.02% |
| Union Bank of India | Banks | 0.37% | -0.02% |
| HDFC AMC | Capital Markets | 0.36% | -0.06% |
| Eicher Motors | Automobiles | 0.35% | -0.13% |
| Aurobindo Pharma | Pharmaceuticals & Biotechnology | 0.34% | +0.03% |
| Torrent Pharmaceuticals | Pharmaceuticals & Biotechnology | 0.32% | +0.11% |
| Crompton Greaves | Consumer Durables | 0.32% | -0.04% |
| Coforge | IT - Software | 0.32% | +0.23% |
| Titan | Consumer Durables | 0.32% | -0.08% |
| Aditya Birla Capital | Finance | 0.31% | -0.02% |
| Avenue Supermarts DMart | Retailing | 0.30% | +0.05% |
| HCL Technologies | IT - Software | 0.27% | +0.16% |
| Bajaj Auto | Automobiles | 0.27% | +0.10% |
| Hitachi Energy | Electrical Equipment | 0.27% | -0.02% |
| Apollo Hospitals | Equity | 0.27% | -0.12% |
| Godrej Properties | Realty | 0.24% | +0.07% |
| Bank of India | Banks | 0.22% | -0.05% |
| Sun Pharmaceutical | Pharmaceuticals & Biotechnology | 0.22% | +0.05% |
| Canara Bank | Money Market | 0.22% | — |
| Bank of Baroda | Money Market | 0.22% | — |
| Swiggy | Retailing | 0.21% | — |
| One 97 Communications | Financial Technology (Fintech) | 0.21% | -0.02% |
| Patanjali Foods | Agricultural Food & other Products | 0.21% | +0.07% |
| AU Small Finance Bank | Banks | 0.21% | -0.01% |
| ICICI Bank Ltd. | Money Market | 0.21% | +0.01% |
| Small Industries Development Bank of India | Money Market | 0.21% | -0.10% |
| KEI Industries | Industrial Products | 0.20% | — |
| Tata Consultancy Services | IT - Software | 0.20% | -0.04% |
| SRF | Chemicals & Petrochemicals | 0.19% | +0.02% |
| Bandhan Bank | Banks | 0.19% | -0.09% |
| HDFC Life Insurance | Insurance | 0.19% | -0.11% |
| Laurus Labs | Pharmaceuticals & Biotechnology | 0.18% | -0.12% |
| Dabur India | Personal Products | 0.18% | -0.09% |
| Hindustan Zinc | Non - Ferrous Metals | 0.17% | -0.04% |
| NBCC | Construction | 0.17% | -0.02% |
| Lodha Developers | Realty | 0.17% | — |
| TVS Motors | Automobiles | 0.17% | -0.23% |
| GE Vernova T&D | Electrical Equipment | 0.17% | -0.07% |
| Eternal | Retailing | 0.16% | +0.04% |
| Fortis Healthcare | Equity | 0.16% | -0.02% |
| Muthoot Finance | Finance | 0.16% | -0.04% |
| Jindal Steel | Ferrous Metals | 0.16% | -0.01% |
| Container Corporation of India | Transport Services | 0.15% | -0.07% |
| Mphasis | IT - Software | 0.15% | +0.12% |
| Suzlon Energy | Electrical Equipment | 0.15% | +0.00% |
| Oil & Natural Gas Corporation | Oil | 0.14% | -0.13% |
| RBL Bank | Banks | 0.14% | -0.10% |
| L&T Finance | Finance | 0.14% | +0.13% |
| JSW Energy | Power | 0.14% | +0.00% |
| Ashok Leyland | Agricultural, Commercial & Construction Vehicles | 0.14% | -0.09% |
| CDSL | Capital Markets | 0.14% | +0.08% |
| Godrej Consumer Products | Personal Products | 0.14% | -0.19% |
| Cipla | Pharmaceuticals & Biotechnology | 0.13% | +0.01% |
| Power Grid Corporation of India | Power | 0.13% | -0.17% |
| Astral | Industrial Products | 0.13% | +0.12% |
| LIC Housing Finance | Finance | 0.12% | +0.00% |
| PNB Housing Finance | Finance | 0.12% | +0.04% |
| Hindustan Petroleum | Petroleum Products | 0.12% | -0.02% |
| ICICI Lombard General Insurance | Insurance | 0.11% | -0.02% |
| Bharat Forge | Auto Components | 0.11% | +0.00% |
| Vedanta | Diversified Metals | 0.11% | -0.05% |
| Delhivery | Transport Services | 0.11% | +0.01% |
| Lupin | Pharmaceuticals & Biotechnology | 0.10% | -0.05% |
| Interglobe Aviation | Transport Services | 0.10% | -0.20% |
| Bharat Petroleum | Petroleum Products | 0.09% | -0.01% |
| Max Financial Services | Insurance | 0.09% | -0.25% |
| NALCO | Non - Ferrous Metals | 0.09% | -0.07% |
| Polycab | Industrial Products | 0.09% | -0.05% |
| Phoenix Mills | Realty | 0.09% | -0.05% |
| Alkem Laboratories | Pharmaceuticals & Biotechnology | 0.09% | +0.02% |
| Inox Wind | Electrical Equipment | 0.09% | -0.02% |
| UPL | Fertilizers & Agrochemicals | 0.09% | -0.02% |
| Voltas | Consumer Durables | 0.09% | -0.05% |
| Marico | Agricultural Food & other Products | 0.09% | +0.01% |
| Asian Paints | Consumer Durables | 0.09% | -0.07% |
| Bajaj Finserv | Finance | 0.08% | +0.01% |
| Persistent Systems | IT - Software | 0.08% | +0.01% |
| Supreme Industries | Industrial Products | 0.08% | +0.01% |
| BSE | Capital Markets | 0.07% | -0.22% |
| Amber Enterprises | Consumer Durables | 0.07% | -0.02% |
| SBI Life Insurance | Insurance | 0.07% | -0.11% |
| Oberoi Realty | Realty | 0.07% | +0.01% |
| PB FinTech | Financial Technology (Fintech) | 0.07% | -0.06% |
| Oil India | Oil | 0.07% | +0.06% |
| Bajaj Holdings & Investments | Finance | 0.06% | -0.01% |
| Tube Investment | Auto Components | 0.06% | +0.04% |
| Bosch | Auto Components | 0.06% | -0.08% |
| Hero Motocorp | Automobiles | 0.06% | -0.14% |
| GAIL | Gas | 0.06% | -0.01% |
| United Spirits | Beverages | 0.06% | +0.00% |
| Indian Bank | Banks | 0.05% | -0.03% |
| NHPC | Power | 0.05% | — |
| Premier Energies | Electrical Equipment | 0.05% | +0.00% |
| Indian Energy Exchange | Capital Markets | 0.05% | -0.01% |
| Trent | Retailing | 0.05% | -0.09% |
| REC | Finance | 0.05% | -0.14% |
| 360 One WAM | Capital Markets | 0.05% | +0.04% |
| DLF | Realty | 0.05% | -0.32% |
| 364T191126 | Money Market | 0.05% | +0.00% |
| Radico Khaitan | Beverages | 0.04% | +0.01% |
| Colgate Palmolive | Personal Products | 0.04% | -0.02% |
| PG Electroplast | Consumer Durables | 0.04% | +0.01% |
| ABB | Electrical Equipment | 0.04% | +0.01% |
| Nykaa | Retailing | 0.04% | -0.05% |
| Rail Vikas Nigam | Construction | 0.04% | -0.02% |
| ICICI Prudential Life Insurance | Insurance | 0.04% | -0.03% |
| Shree Cement | Cement & Cement Products | 0.04% | +0.02% |
| Angel One | Capital Markets | 0.04% | +0.01% |
| KPIT Technologies | IT - Software | 0.03% | -0.02% |
| Sona BLW Precision Forgings | Auto Components | 0.03% | +0.02% |
| SBI Cards | Finance | 0.03% | +0.02% |
| Nestle | Food Products | 0.03% | +0.00% |
| Mankind Pharma | Pharmaceuticals & Biotechnology | 0.03% | -0.02% |
| CG Power & Industrial Solutions | Electrical Equipment | 0.03% | -0.06% |
| Grasim Industries | Cement & Cement Products | 0.03% | -0.20% |
| Vishal Mega Mart | Retailing | 0.02% | +0.01% |
| Sagility | IT - Services | 0.02% | +0.01% |
| CAMS | Capital Markets | 0.02% | -0.01% |
| Pidilite Industries | Chemicals & Petrochemicals | 0.02% | +0.00% |
| Force Motors | Automobiles | 0.02% | -0.01% |
| Zydus Life Science | Pharmaceuticals & Biotechnology | 0.02% | -0.01% |
| Prestige Estates Projects | Realty | 0.02% | +0.00% |
| Max Healthcare Institute | Equity | 0.01% | -0.19% |
| Tata Elxsi | IT - Software | 0.01% | -0.01% |
| Petronet LNG | Gas | 0.01% | +0.00% |
| Motilal Oswal Financial Services | Capital Markets | 0.01% | -0.01% |
| Mazagon Dock Shipbuilders | Industrial Manufacturing | 0.01% | -0.08% |
| Britannia Industries | Food Products | 0.00% | -0.01% |
| Bank of Maharashtra | Banks | 0.00% | — |
| UNO Minda | Auto Components | 0.00% | -0.18% |
| Godfrey Phillips | Cigarettes & Tobacco Products | 0.00% | — |
| Margin amount for Derivative positions | Net Current Assets | 0.00% | — |
| Net Receivable / Payable | Net Current Assets | -0.32% | — |
Sector Allocation · Sep 2026
View all 43 sectors
Risk Metrics
Standard Deviation
| Period | Fund | Category | |
|---|---|---|---|
| 1Y | 1.48 | 1.71 | Low Volatility |
| 3Y | 1.14 | 1.36 | Low Volatility |
| 5Y | 1.04 | 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 | 0.55 | -0.31 | Above Average |
| 3Y | 1.89 | 0.29 | Above Average |
| 5Y | 0.92 | -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 | 6.93 | 6.29 | Above Average |
| 3Y | 11.03 | 9.22 | Above Average |
| 5Y | 11.61 | 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 SBI Funds Management Limited
| Scheme | 1Y | 3Y | 5Y | Since Inception |
|---|---|---|---|---|
|
SBI Silver ETF Fund of Fund
Direct Plan · Growth
|
+26.44% | — | — | +34.72% |
|
SBI Silver ETF
Regular Plan · Growth
|
+26.42% | — | — | +34.10% |
|
SBI Automotive Opportunities Fund
Direct Plan · Growth
|
+22.38% | — | — | +11.34% |
|
SBI HEALTHCARE OPPORTUNITIES FUND
Direct Plan · Growth
|
+19.90% | +25.12% | +19.50% | +18.09% |
|
SBI GOLD FUND
Direct Plan · IDCW
|
+16.75% | +30.91% | +23.28% | +10.52% |
|
SBI Gold ETF
Regular Plan · Growth
|
+16.74% | +30.67% | +23.17% | +12.71% |
|
SBI US Specific Equity Active FoF
Direct Plan · IDCW
|
+13.48% | +25.68% | +15.32% | +17.28% |
|
SBI MNC FUND
Direct Plan · Growth
|
+12.26% | +7.58% | +7.60% | +14.39% |
|
SBI CHILDREN'S FUND - SAVINGS PLAN
Direct Plan · Growth
|
+7.89% | +11.10% | +10.14% | +11.88% |
|
SBI Children's Fund - Investment Plan
Direct Plan · Growth
|
+7.83% | +20.32% | +17.52% | +30.91% |
About This Scheme
Investment Objective
To provide capital appreciation and regular income for unitholders by identifying profitable arbitrage opportunities between the spot and derivative market segments as also through investment of surplus cash in debt and money market instruments.
Stated Asset Allocation
Equities and equity related instruments 65%-85% High Derivatives including Index Futures, Stock Futures, Index Options and Stock Options 65%-85% High Debt instruments and Money Market instruments** 15%-35% Low to Medium
Fund Managers
Mr. Neeraj Kumar - Equity 31-Jan-2024 Mr. Ardhendu Bhattacharya 27-Dec-2024
Official Documents
Scheme Information Document (PDF)
Scheme Summary (PDF)
Scheme Summary (XLS)
SBI Funds Management Limited 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.