GMP IPO Watch
Hybrid Scheme - Arbitrage Fund
Zerodha Arbitrage Fund
Direct Plan · Growth Option · Zerodha Mutual Fund
Risk: Low Risk
52W Low ₹9.99 26 Aug 2026
52W High ₹10.09 6 Oct 2026
₹10.0805
NAV as of 9 Oct 2026
-0.01% day change
ISININF0R8F01232
Scheme Code154619
StructureOpen Ended Schemes
Fund HouseZerodha Asset Management Private Limited
Expense Ratio (as of 9 Oct 2026)2.31%
Min. Investment₹5,000
Inception Date12 Aug 2026
BenchmarkNifty 50 Arbitrage Index TRI - As
per AMFI Tier I Benchmark
NFO Period12 Aug 2026 – 14 Aug 2026
Returns
Since Inception
+5.98%
Annualised (CAGR) returns for periods over a year.
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Rank in Category
| Period | This Fund | Category Avg. | Rank |
|---|---|---|---|
| 1W | +0.12% | +0.11% | 25 of 40 |
| 1M | +0.49% | +0.46% | 21 of 40 |
| YTD | +0.80% | +3.80% | 36 of 40 |
| INCEPTION | +5.98% | — | — |
Ranked among: Hybrid Scheme - Arbitrage Fund.
NAV History
Expense Ratio Trend
Portfolio · Sep 2026
Asset Allocation
- Equity68.47%
- Debt10.17%
- Cash8.48%
- Other12.88%
Market Cap Split
- Large Cap46.97%
- Mid Cap16.38%
- Small Cap5.12%
- Others31.53%
Fundamentals
| Fund | Category | |
|---|---|---|
| P/E | 17.66 | 16.94 |
| P/B | 2.23 | 2.39 |
| Price / Sales | 1.90 | 2.52 |
| Dividend Yield (%) | 1.83 | 1.52 |
Holdings51
Top 5 Stocks21.82%
Top 10 Stocks33.72%
Top 3 Sectors38.45%
Holdings · Sep 2026
| Holding | Sector | Weight | Change (1M) |
|---|---|---|---|
| Clearing Corporation of India Limited | Net Current Assets | 15.41% | — |
| HSBC Liquid Fund - Direct Growth | Others | 12.88% | — |
| 364TB12827 | Money Market | 10.17% | -3.48% |
| HDFC Bank | Banks | 8.18% | +2.21% |
| ICICI Bank | Banks | 4.36% | +1.14% |
| Federal Bank | Banks | 3.91% | +1.09% |
| Crompton Greaves | Consumer Durables | 2.78% | -1.45% |
| IDFC First Bank | Banks | 2.59% | -1.08% |
| Bharti Airtel | Telecom - Services | 2.50% | +0.52% |
| Bank of Baroda | Banks | 2.45% | -0.36% |
| PNB Housing Finance | Finance | 2.34% | — |
| Indus Towers | Telecom - Services | 2.31% | -0.92% |
| Axis Bank | Banks | 2.30% | -0.97% |
| Coal India | Consumable Fuels | 2.21% | -0.60% |
| Reliance Industries | Petroleum Products | 2.16% | +0.69% |
View all 102 holdings
| Tata Steel | Ferrous Metals | 2.06% | -1.00% |
| ITC | Diversified FMCG | 2.04% | — |
| Trent | Retailing | 2.02% | — |
| Infosys | IT - Software | 1.96% | — |
| AU Small Finance Bank | Banks | 1.95% | -1.18% |
| Tata Motors Passenger Vehicles | Automobiles | 1.94% | -0.91% |
| LIC of India | Insurance | 1.89% | -0.81% |
| Godrej Properties | Realty | 1.59% | -1.05% |
| GAIL | Gas | 1.30% | — |
| Astral | Industrial Products | 1.12% | — |
| Indusind Bank | Banks | 1.08% | — |
| Bajaj Finance | Finance | 1.08% | -1.89% |
| Coforge | IT - Software | 1.07% | — |
| HCL Technologies | IT - Software | 1.05% | — |
| Swiggy | Retailing | 0.98% | — |
| State Bank of India | Banks | 0.92% | -2.06% |
| Tata Power | Power | 0.89% | -0.27% |
| Tata Consultancy Services | IT - Software | 0.79% | — |
| TVS Motors | Automobiles | 0.62% | -0.04% |
| Persistent Systems | IT - Software | 0.56% | — |
| Container Corporation of India | Transport Services | 0.48% | — |
| Divis Laboratories | Pharmaceuticals & Biotechnology | 0.40% | — |
| HDFC AMC | Capital Markets | 0.29% | -2.65% |
| Aditya Birla Capital | Finance | 0.25% | -0.12% |
| Cummins | Industrial Products | 0.20% | -0.98% |
| Marico | Agricultural Food & other Products | 0.20% | — |
| Bajaj Auto | Automobiles | 0.17% | — |
| Canara Bank | Banks | 0.17% | — |
| Hero Motocorp | Automobiles | 0.17% | — |
| Union Bank of India | Banks | 0.16% | — |
| MCX | Capital Markets | 0.16% | — |
| Pidilite Industries | Chemicals & Petrochemicals | 0.16% | — |
| Adani Power | Power | 0.16% | — |
| Bank of India | Banks | 0.14% | — |
| Nestle | Food Products | 0.14% | — |
| Oberoi Realty | Realty | 0.13% | — |
| Power Finance Corporation | Finance | 0.09% | — |
| Power Finance Corporation Ltd. 27/10/2026 | Finance | -0.09% | — |
| Oberoi Realty Limited 27/10/2026 | Realty | -0.13% | — |
| Nestle India Limited 27/10/2026 | Food Products | -0.14% | — |
| Bank of India 27/10/2026 | Banks | -0.15% | — |
| Pidilite Industries Ltd 27/10/2026 | Chemicals & Petrochemicals | -0.16% | — |
| Adani Power Limited 27/10/2026 | Power | -0.16% | — |
| Multi Commodity Exchange of India Ltd. 27/10/2026 | Capital Markets | -0.16% | — |
| Union Bank of India 27/10/2026 | Banks | -0.16% | — |
| Hero MotoCorp Limited 27/10/2026 | Automobiles | -0.17% | — |
| Canara Bank 27/10/2026 | Banks | -0.17% | — |
| Bajaj Auto Limited 27/10/2026 | Automobiles | -0.18% | — |
| Marico Limited 27/10/2026 | Agricultural Food & other Products | -0.20% | — |
| Cummins India Ltd. 27/10/2026 | Industrial Products | -0.21% | — |
| Aditya Birla Capital Limited 27/10/2026 | Finance | -0.25% | — |
| HDFC Asset Management Company Ltd 27/10/2026 | Capital Markets | -0.30% | — |
| Divi's Laboratories Limited 27/10/2026 | Pharmaceuticals & Biotechnology | -0.40% | — |
| Container Corporation of India Ltd 27/10/2026 | Transport Services | -0.48% | — |
| Persistent Systems Limited 27/10/2026 | IT - Software | -0.56% | — |
| TVS Motor Company Ltd 27/10/2026 | Automobiles | -0.62% | — |
| Tata Consultancy Services Limited 27/10/2026 | IT - Software | -0.79% | — |
| Tata Power Company Limited 27/10/2026 | Power | -0.89% | — |
| State Bank of India 27/10/2026 | Banks | -0.93% | — |
| SWIGGY LIMITED 27/10/2026 | Retailing | -0.98% | — |
| HCL Technologies Limited 27/10/2026 | IT - Software | -1.05% | — |
| Coforge Ltd. 27/10/2026 | IT - Software | -1.08% | — |
| Indusind Bank Limited 27/10/2026 | Banks | -1.08% | — |
| Bajaj Finance Limited 27/10/2026 | Finance | -1.09% | — |
| Astral Limited 27/10/2026 | Industrial Products | -1.12% | — |
| GAIL (India) Limited 27/10/2026 | Gas | -1.31% | — |
| Godrej Properties Limited 27/10/2026 | Realty | -1.60% | — |
| Life Insurance Corporation Of India 27/10/2026 | Insurance | -1.92% | — |
| Tata Motors Passenger Vehicles Limited 27/10/2026 | Automobiles | -1.94% | — |
| AU Small Finance Bank Ltd 27/10/2026 | Banks | -1.95% | — |
| Infosys Limited 27/10/2026 | IT - Software | -1.97% | — |
| Trent Ltd 27/10/2026 | Retailing | -2.04% | — |
| ITC Limited 27/10/2026 | Diversified FMCG | -2.04% | — |
| Tata Steel Limited 27/10/2026 | Ferrous Metals | -2.08% | — |
| Reliance Industries Limited 27/10/2026 | Petroleum Products | -2.17% | — |
| Coal India Ltd 27/10/2026 | Consumable Fuels | -2.22% | — |
| Axis Bank Limited 27/10/2026 | Banks | -2.30% | — |
| Indus Towers Limited 27/10/2026 | Telecom - Services | -2.31% | — |
| PNB Housing Finance Limited 27/10/2026 | Finance | -2.35% | — |
| Bank of Baroda 27/10/2026 | Banks | -2.48% | — |
| Bharti Airtel Limited 27/10/2026 | Telecom - Services | -2.51% | — |
| IDFC First Bank Limited 27/10/2026 | Banks | -2.59% | — |
| Crompton Greaves Consumer Elec Ltd 27/10/2026 | Consumer Durables | -2.81% | — |
| The Federal Bank Limited 27/10/2026 | Banks | -3.94% | — |
| ICICI Bank Limited 27/10/2026 | Banks | -4.38% | — |
| Net Receivable / Payable | Net Current Assets | -6.93% | — |
| HDFC Bank Limited 27/10/2026 | Banks | -8.26% | — |
Sector Allocation · Sep 2026
View all 22 sectors
Compare With Peers
| Scheme | 1Y | 3Y | 5Y | Since Inception |
|---|---|---|---|---|
|
quant Arbitrage Fund
Direct Plan · Growth Option
|
+7.58% | — | — | +7.32% |
|
WhiteOak Capital Arbitrage Fund
Direct Plan · Growth Option
|
+7.15% | — | — | +7.20% |
|
Franklin India Arbitrage Fund
Direct Plan · IDCW
|
+7.09% | — | — | +7.04% |
|
Bajaj Finserv Arbitrage Fund
Direct Plan · Growth
|
+6.56% | +6.96% | — | +6.98% |
|
TRUSTMF ARBITRAGE FUND
Direct Plan · Growth
|
+6.51% | — | — | +6.45% |
|
PGIM India Arbitrage Fund
Direct plan · Growth
|
+6.47% | +7.01% | +6.47% | +6.10% |
|
Parag Parikh Arbitrage Fund
Direct Plan · Growth
|
+6.46% | — | — | +6.94% |
|
ITI Arbitrage Fund
Direct Plan · IDCW Option
|
+6.44% | +7.21% | +6.20% | +5.50% |
|
BANK OF INDIA ARBITRAGE FUND
Direct Plan · Annual IDCW
|
+6.24% | +6.74% | +5.90% | +4.15% |
|
Invesco India Arbitrage Fund
Regular Plan · Growth
|
+6.15% | +6.72% | +6.37% | +6.55% |
More From Zerodha Asset Management Private Limited
| Scheme | 1Y | 3Y | 5Y | Since Inception |
|---|---|---|---|---|
|
Zerodha Silver ETF
Direct Plan
|
+38.43% | — | — | +66.17% |
|
Zerodha Silver ETF FoF
Direct Plan · Growth Option
|
+28.01% | — | — | +70.67% |
|
Zerodha Gold ETF
Direct Plan
|
+21.07% | — | — | +38.36% |
|
Zerodha Gold ETF FoF
Direct Plan · Growth Option
|
+20.89% | — | — | +41.38% |
|
Zerodha Nifty Smallcap 100 ETF
Direct Plan
|
+7.14% | — | — | +6.68% |
|
Zerodha Overnight Fund
Direct Plan · Growth Option
|
+5.12% | — | — | +5.24% |
|
Zerodha Nifty 1D Rate Liquid ETF
Direct Plan · Growth Option
|
+4.95% | — | — | +5.65% |
|
Zerodha Multi Asset Passive FoF
Direct Plan · Growth Option
|
+3.27% | — | — | +8.31% |
|
Zerodha Nifty 8-13 Yr G-Sec ETF
Direct Plan
|
+1.48% | — | — | +2.08% |
|
Zerodha Nifty Midcap 150 ETF
Direct Plan
|
+0.89% | — | — | +2.68% |
About This Scheme
Investment Objective
The investment objective of the Scheme is to generate income and capital appreciation by investing in arbitrage opportunities in the cash and derivatives segments of the equity market, including opportunities within the derivatives segment, and by investing the remaining portion in debt and money market instruments. There is no assurance that the investment objective of the Scheme will be achieved.
Stated Asset Allocation
The asset allocation will be as follows: Equity & Equity related instruments including derivatives: 65% to 100% Debt and Money Market Instruments*, Cash & Cash Equivalents, Including units of Mutual funds: 0% to 35%
Exit Load
Nil
Fund Managers
Kedarnath Mirajkar
Primary
Official Documents
Scheme Information Document (PDF)
Scheme Summary (PDF)
Scheme Summary (XLS)
Zerodha Asset Management Private 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.