Axis Arbitrage Fund is an Arbitrage fund run by Axis Mutual Fund. On 30-09-2026, it managed ₹10,168 Cr of investors' money. In the 3 years to 30-10-2026, its Direct plan returned 7.3% a year and its Regular plan returned 6.6% a year.
NAV on 30-10-2026: Direct Plan Growth ₹22.09 (up 0.16% that day); Regular Plan Growth ₹20.15 (up 0.16% that day).
Returns as on 30-10-2026. Up to one year they are absolute returns. Longer periods are a rate per year.
| Period | 1M | 3M | 6M | 1Y | 3Y | 5Y | 10Y |
|---|---|---|---|---|---|---|---|
| This fund (Direct) | +0.52% | +1.52% | +3.22% | +6.68% | +7.31% | +6.84% | +6.44% |
| This fund (Regular) | +0.46% | +1.34% | +2.86% | +5.95% | +6.60% | +6.10% | +5.66% |
| Arbitrage average | +0.56% | +1.52% | +3.20% | +6.62% | +7.18% | +6.68% | +6.31% |
| Best in Arbitrage | +0.73% | +1.71% | +3.63% | +7.56% | +7.46% | +7.14% | +6.52% |
| Worst in Arbitrage | +0.45% | +1.28% | +2.60% | +5.24% | +6.42% | +5.89% | +5.63% |
| Rank in Arbitrage | 25/39 | 18/38 | 18/38 | 13/33 | 7/25 | 6/20 | 5/12 |
Category rows compare the Direct plans of 39 Arbitrage funds. Rank 1 is the highest return. This fund's benchmark is Nifty 50 Arbitrage Index. Returns of that index are not available to us, so the category average is the comparison.
| Year | Direct | Regular |
|---|---|---|
| 2026to date | +5.44% | +4.83% |
| 2025 | +7.06% | +6.33% |
| 2024 | +8.26% | +7.58% |
| 2023 | +7.68% | +6.90% |
| 2022 | +4.95% | +4.18% |
| 2021 | +4.61% | +3.84% |
The return of every holding period in the fund's history, not only the one that ends today
Rolling returns
Each point is the yearly return of one 3-year holding period, plotted on the day it ended. There are 2,272 periods, one for each trading day from 21-08-2017 to 30-10-2026.
Axis Arbitrage Fund (Direct)
Category average, 39 Arbitrage funds
Every holding period at a glance
| Period | Periods | Median | Lowest | Highest | With a loss | Category median | Beat category |
|---|---|---|---|---|---|---|---|
| 1 year | 2,762 | 6.9% | 3.5% | 9.1% | 0% | 6.7% | 94% |
| 2 years | 2,518 | 6.9% | 4.1% | 8.2% | 0% | 6.7% | 100% |
| 3 years | 2,272 | 6.8% | 4.6% | 7.8% | 0% | 6.6% | 100% |
| 5 years | 1,780 | 6.1% | 5.5% | 7.4% | 0% | 5.9% | 100% |
| 7 years | 1,286 | 6.2% | 6.0% | 6.7% | 0% | 6.0% | 100% |
| 10 years | 549 | 6.5% | 6.4% | 6.7% | 0% | 6.3% | 100% |
Every SIP holding period at a glance
| Period | Periods | Median | Lowest | Highest | With a loss | Category median | Beat category |
|---|---|---|---|---|---|---|---|
| 1 year | 135 | 6.9% | 3.7% | 9.0% | 0% | 6.7% | 90% |
| 2 years | 123 | 6.9% | 4.4% | 8.1% | 0% | 6.7% | 98% |
| 3 years | 111 | 6.9% | 4.5% | 7.9% | 0% | 6.6% | 100% |
| 5 years | 87 | 6.3% | 5.0% | 7.3% | 0% | 6.1% | 100% |
| 7 years | 63 | 6.1% | 5.4% | 6.9% | 0% | 5.9% | 100% |
| 10 years | 27 | 6.5% | 6.4% | 6.6% | 0% | 6.3% | 100% |
Lumpsum: the yearly rate (CAGR) from the NAV on a period's first day to the NAV on its last. SIP: the XIRR of the monthly instalments and their value on the last day. "With a loss" counts the periods that ended below the money put in. "Beat category" counts the periods in which the fund did better than the average of the 39 Arbitrage funds (Direct plans, each weighted the same) over the same days. Past returns do not promise future returns.
How much it swings, and the falls an investor had to sit through
Risk and return
| Measure | Axis Arbitrage Fund (Direct)This fund | Category average |
|---|---|---|
| Return (CAGR) | +6.68% | +6.61% |
| Standard deviation | 1.33% | 1.35% |
| Sharpe ratio | 1.08 | 1.01 |
| Sortino ratio | 1.66 | 1.54 |
| Maximum drawdown | −0.44% (06-08-2026) | −0.45% (06-08-2026) |
From daily NAVs, 30-10-2025 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls.
| Measure | Axis Arbitrage Fund (Direct)This fund | Category average |
|---|---|---|
| Return (CAGR) | +7.31% | +7.18% |
| Standard deviation | 1.05% | 1.07% |
| Sharpe ratio | 1.23 | 1.08 |
| Sortino ratio | 1.88 | 1.65 |
| Maximum drawdown | −0.44% (06-08-2026) | −0.45% (06-08-2026) |
From daily NAVs, 30-10-2023 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls.
| Measure | Axis Arbitrage Fund (Direct)This fund | Category average |
|---|---|---|
| Return (CAGR) | +6.84% | +6.65% |
| Standard deviation | 0.97% | 0.98% |
| Sharpe ratio | 1.07 | 0.87 |
| Sortino ratio | 1.63 | 1.32 |
| Maximum drawdown | −0.44% (06-08-2026) | −0.45% (06-08-2026) |
From daily NAVs, 29-10-2021 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls.
| Measure | Axis Arbitrage Fund (Direct)This fund | Category average |
|---|---|---|
| Return (CAGR) | +6.44% | +6.20% |
| Standard deviation | 1.01% | 0.97% |
| Sharpe ratio | 1.03 | 0.83 |
| Sortino ratio | 1.55 | 1.23 |
| Maximum drawdown | −0.64% (25-03-2020) | −0.53% (03-06-2020) |
From daily NAVs, 28-10-2016 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls.
| Measure | Axis Arbitrage Fund (Direct)This fund | Category average |
|---|---|---|
| Return (CAGR) | +6.70% | +6.47% |
| Standard deviation | 1.02% | 0.97% |
| Sharpe ratio | 0.95 | 0.76 |
| Sortino ratio | 1.41 | 1.13 |
| Maximum drawdown | −0.64% (25-03-2020) | −0.53% (03-06-2020) |
From daily NAVs, 21-08-2014 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls.
Drawdowns
How far below its previous high each one was on every day: the falls an investor had to sit through. 0% means it was at a new high.
Axis Arbitrage Fund (Direct)
Category average, 39 Arbitrage funds
| Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today | |
|---|---|---|---|---|---|---|
| Axis Arbitrage Fund (Direct) | −0.64% | 16-03-2020 | 25-03-2020 | 30-03-2020 | 5 days | −0.04% |
| Category average | −0.53% | 29-05-2020 | 03-06-2020 | 14-08-2020 | 2 months | −0.04% |
From the Direct plan's daily NAV since 21-08-2014, adjusted for unit splits, and the average of the 39 Arbitrage funds (Direct plans, each weighted the same) over the same days. "Time to climb back" runs from the bottom to the first day back at the old high.
The five Arbitrage funds with the best three year return, and this fund. Direct plans.
| Fund name | Rank | AUM (Cr) | Exp. ratio | 1Y return | 3Y return | 3Y alpha | 3Y beta | 3Y Sharpe | 3Y Sortino | |
|---|---|---|---|---|---|---|---|---|---|---|
| Invesco India Arbitrage Fund | 1/25 | 30,396 | 2.20% | +6.88% | +7.46% | -- | -- | 1.32 | 2.01 | Compare |
| Kotak Arbitrage Fund | 2/25 | 75,275 | 2.31% | +6.75% | +7.43% | -- | -- | 1.28 | 1.96 | Compare |
| Tata Arbitrage Fund | 2/25 | 24,539 | 1.57% | +6.77% | +7.43% | -- | -- | 1.39 | 2.16 | Compare |
| Aditya Birla Sun Life Arbitrage Fund | 4/25 | 26,933 | 1.23% | +6.75% | +7.40% | -- | -- | 1.29 | 2.00 | Compare |
| Edelweiss Arbitrage Fund | 5/25 | 14,250 | 1.53% | +6.66% | +7.37% | -- | -- | 1.27 | 1.98 | Compare |
| Axis Arbitrage Fund | 7/25 | 10,168 | 1.40% | +6.68% | +7.31% | -- | -- | 1.23 | 1.88 |
AUM is each fund's size at the end of its last reported month, from its own portfolio file. We calculate the risk ratios from daily NAVs over the last three years. The risk-free return is what NSE's overnight rate index earned over the same years. Alpha and beta compare each fund with its own benchmark's TRI. "--" means we have no figure: for alpha and beta, no daily series for that benchmark.
What each plan charges a year, in force from 01-10-2026
| Plan | Base expense ratio | Brokerage | Transaction costs | Levies and GST | Total expense ratio | Arbitrage median | Cost rank (1 = cheapest) |
|---|---|---|---|---|---|---|---|
| Direct | 0.27% | 0.25% | 0.00% | 0.88% | 1.40% | 1.45% | 17/39 |
| Regular | 0.86% | 0.25% | 0.00% | 0.98% | 2.09% | 2.08% | 20/38 |
The expense ratio comes out of the fund's assets every day, so every return on this page is already after it. Base expense ratio: the fund house's own fee. The total adds brokerage, the cost of executing trades, and statutory levies with GST. From AMFI's expense ratio file. Cost rank: where this plan comes when the Arbitrage funds' plans of the same type are sorted from the lowest total expense ratio to the highest.
Direct vs Regular: what the gap cost
Both plans own the same portfolio, so the difference in what they earned is the Regular plan's extra cost, taken out of its NAV.
| Over the last | Regular | Direct | Direct earned more by | ₹1 lakh became (Regular) | ₹1 lakh became (Direct) |
|---|---|---|---|---|---|
| 1 year | 5.95% | 6.68% | 0.73% | ₹1,05,950 | ₹1,06,680 |
| 3 years | 6.60% | 7.31% | 0.71% a year | ₹1,21,136 | ₹1,23,572 |
| 5 years | 6.10% | 6.84% | 0.74% a year | ₹1,34,455 | ₹1,39,210 |
| 10 years | 5.66% | 6.44% | 0.78% a year | ₹1,73,423 | ₹1,86,659 |
Returns over more than 1 year are a rate a year (CAGR). ₹1 lakh invested once at the start of each period, valued on the last NAV.
What a one-time or monthly investment in this fund would be worth today, from its own NAV history
Growth of an investment
₹10,000 on the first trading day of every month, from 21-08-2014 to 30-10-2026: 147 instalments, ₹14,70,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Direct planAxis Arbitrage Fund (Direct) | ₹14,70,000 | ₹22,26,621 | ₹7,56,621 | 6.5% |
| Regular planAxis Arbitrage Fund (Regular) | ₹14,70,000 | ₹21,18,703 | ₹6,48,703 | 5.8% |
| Category averageCategory average, 39 Arbitrage funds | ₹14,70,000 | ₹21,97,867 | ₹7,27,867 | 6.3% |
Direct planAxis Arbitrage Fund (Direct)
Regular planAxis Arbitrage Fund (Regular)
Category averageCategory average, 39 Arbitrage funds
Amount invested
From each plan's published NAV (Growth option) and the category average, over the same days. Return a year: XIRR for a SIP, CAGR for a lumpsum, shown for a year or more. It does not include exit load, stamp duty or tax. Past returns do not promise future returns.
Asset allocation as on 30-09-2026
69.7%Equity
| Asset | Fund | Category |
|---|---|---|
| Equity | 69.7% | 71.6% |
| Debt | 17.2% | 9.0% |
| Cash and others | 13.1% | 19.5% |
| Market cap | Fund | Category |
|---|---|---|
| Large Cap | 54.4% | 54.0% |
| Mid Cap | 12.1% | 14.1% |
| Small Cap | 3.2% | 3.5% |
Share of the whole fund. Category: the average of the Arbitrage funds that hold stocks. Groups follow AMFI's latest list, as SEBI defines them: Large Cap is the 100 largest companies, Mid Cap the next 150, Small Cap the rest.
Bonds and money market papers by credit rating, % of the fund. Category: the average of 39 Arbitrage funds.
| Rating | Fund | Category |
|---|---|---|
| AAA and A1+ | 17.2% | 5.8% |
Sector allocation of the fund's stocks as on 30-09-2026
Banks18.6%
Finance6.3%
Telecom - Services4.5%
Petroleum Products4.3%
Ferrous Metals3.8%
Pharmaceuticals & Biotechnology3.6%
Electrical Equipment3.4%
Industrial Products2.6%
Power2.5%
Diversified FMCG1.9%
The ten largest of 42 sectors. The other 32 add up to 18.2%.
| Sector | July 2026 | August 2026 | September 2026 | Change |
|---|---|---|---|---|
| Banks | 15.9% | 16.9% | 18.6% | +2.7% |
| Finance | 5.3% | 5.2% | 6.3% | +1.0% |
| Telecom - Services | 4.2% | 4.5% | 4.5% | +0.3% |
| Petroleum Products | 3.4% | 3.8% | 4.3% | +0.9% |
| Ferrous Metals | 3.1% | 3.6% | 3.8% | +0.7% |
Each sector's share of the fund at the end of each month. The five largest sectors of September 2026. Change: from July 2026 to September 2026, in % of the fund.
As on 30-09-2026 · 170 holdings · from the fund house's monthly portfolio
| Holdings | Sector / Rating | Weight% | Holdings trend | 1M change |
|---|---|---|---|---|
| Axis Money Market Fund - Direct Plan - Growth Option | 13.06% | |||
| HDFC Bank Limited | Banks | 4.06% | +12.8% | |
| ICICI Bank Limited | Banks | 3.83% | +17.0% | |
| Reliance Industries Limited | Petroleum Products | 3.77% | +19.9% | |
| Bharat Heavy Electricals Limited | Electrical Equipment | 2.64% | −2.0% | |
| State Bank of India | Banks | 2.63% | +26.9% | |
| Bharti Airtel Limited | Telecom - Services | 2.22% | +9.7% | |
| Canara Bank (10/02/2027) · Certificate of deposit | CRISIL A1+ | 1.92% | ||
| National Bank For Agriculture and Rural Development (10/03/2027) · Certificate of deposit | CRISIL A1+ | 1.91% | ||
| Small Industries Dev Bank of India (04/02/2027) · Certificate of deposit | CARE A1+ | 1.87% | ||
| Tata Steel Limited | Ferrous Metals | 1.83% | +14.5% | |
| Canara Bank (02/02/2027) · Certificate of deposit | CRISIL A1+ | 1.68% | ||
| National Bank For Agriculture and Rural Development (02/03/2027) · Certificate of deposit | CRISIL A1+ | 1.67% | ||
| Kotak Mahindra Bank Limited | Banks | 1.58% | −2.5% | |
| Bajaj Finance Limited | Finance | 1.43% | +15.9% | |
| Cummins India Limited | Industrial Products | 1.40% | +68.0% | |
| Axis Bank Limited | Banks | 1.38% | +1.5% | |
| Adani Enterprises Limited | Metals & Minerals Trading | 1.31% | −6.2% | |
| Bharat Electronics Limited | Aerospace & Defense | 1.30% | −33.1% | |
| Small Industries Dev Bank of India (18/02/2027) · Certificate of deposit | CARE A1+ | 1.29% | ||
| Divi's Laboratories Limited | Pharmaceuticals & Biotechnology | 1.25% | +43.8% | |
| Bank of Baroda (25/01/2027) · Certificate of deposit | CARE A1+ | 1.20% | ||
| Canara Bank | Banks | 1.19% | 0.0% | |
| Coal India Limited | Consumable Fuels | 1.19% | +1.9% | |
| Hindustan Unilever Limited | Diversified FMCG | 1.18% | −2.7% | |
| Hindalco Industries Limited | Non - Ferrous Metals | 1.16% | +6.2% | |
| Infosys Limited | IT - Software | 1.15% | +435.2% | |
| Vodafone Idea Limited | Telecom - Services | 1.14% | −1.4% | |
| Cholamandalam Investment and Finance Company Ltd | Finance | 1.13% | −10.5% | |
| Indus Towers Limited | Telecom - Services | 1.12% | −10.5% | |
| Jio Financial Services Limited | Finance | 1.07% | +3.4% | |
| JSW Steel Limited | Ferrous Metals | 1.04% | +2.2% | |
| Adani Power Limited | Power | 1.01% | −8.5% | |
| Punjab National Bank (10/02/2027) · Certificate of deposit | CARE A1+ | 0.96% | ||
| Union Bank of India (02/03/2027) · Certificate of deposit | ICRA A1+ | 0.96% | ||
| Glenmark Pharmaceuticals Limited | Pharmaceuticals & Biotechnology | 0.93% | −3.0% | |
| Manappuram Finance Limited | Finance | 0.87% | +3.2% | |
| UltraTech Cement Limited | Cement & Cement Products | 0.81% | −5.9% | |
| Steel Authority of India Limited | Ferrous Metals | 0.80% | −0.1% | |
| Punjab National Bank | Banks | 0.79% | −6.0% | |
| The Federal Bank Limited | Banks | 0.78% | +22.1% | |
| Biocon Limited | Pharmaceuticals & Biotechnology | 0.78% | +2.4% | |
| ITC Limited | Diversified FMCG | 0.76% | −22.1% | |
| Varun Beverages Limited | Beverages | 0.72% | +26.4% | |
| LIC Housing Finance Limited | Finance | 0.70% | +143.4% | |
| APL Apollo Tubes Limited | Industrial Products | 0.70% | +159.5% | |
| Life Insurance Corporation Of India | Insurance | 0.69% | +60.0% | |
| Apollo Hospitals Enterprise Limited | Healthcare Services | 0.68% | +0.9% | |
| HDFC Life Insurance Company Limited | Insurance | 0.68% | −8.2% | |
| Yes Bank Limited | Banks | 0.66% | +7.9% | |
| Crompton Greaves Consumer Electricals Limited | Consumer Durables | 0.61% | +3.0% | |
| NMDC Limited | Minerals & Mining | 0.60% | +22.2% | |
| Container Corporation of India Limited | Transport Services | 0.58% | −0.4% | |
| Canara Bank (08/12/2026) · Certificate of deposit | CRISIL A1+ | 0.49% | ||
| Small Industries Dev Bank of India (16/12/2026) · Certificate of deposit | CARE A1+ | 0.49% | ||
| HDFC Bank Limited (22/01/2027) · Certificate of deposit | CRISIL A1+ | 0.48% | ||
| Kotak Mahindra Bank Limited (29/01/2027) | CRISIL A1+ | 0.48% | ||
| Canara Bank (25/03/2027) · Certificate of deposit | CRISIL A1+ | 0.48% | ||
| Indian Bank (05/02/2027) · Certificate of deposit | CRISIL A1+ | 0.48% | ||
| Bank of Baroda | Banks | 0.47% | +56.0% | |
| Hindustan Aeronautics Limited | Aerospace & Defense | 0.47% | +15.4% | |
| GE Vernova T&D India Limited | Electrical Equipment | 0.47% | −0.7% | |
| NTPC Limited | Power | 0.47% | −3.7% | |
| Adani Energy Solutions Limited | Power | 0.43% | +11.2% | |
| Godrej Properties Limited | Realty | 0.42% | +83.8% | |
| The Indian Hotels Company Limited | Leisure Services | 0.41% | +30.4% | |
| Ambuja Cements Limited | Cement & Cement Products | 0.41% | +9.9% | |
| Bharat Forge Limited | Auto Components | 0.41% | +89.5% | |
| Adani Green Energy Limited | Power | 0.38% | −1.9% | |
| Astral Limited | Industrial Products | 0.35% | New | |
| Indian Oil Corporation Limited | Petroleum Products | 0.35% | −2.0% | |
| Ashok Leyland Limited | Agricultural, Commercial & Construction Vehicles | 0.33% | +30.0% | |
| Maruti Suzuki India Limited | Automobiles | 0.33% | −28.6% | |
| Bank of India | Banks | 0.31% | −5.5% | |
| Bandhan Bank Limited | Banks | 0.31% | +1.0% | |
| Muthoot Finance Limited | Finance | 0.30% | +45.9% | |
| Lupin Limited | Pharmaceuticals & Biotechnology | 0.28% | +20.6% | |
| Power Finance Corporation Limited | Finance | 0.27% | +975.4% | |
| Indian Energy Exchange Limited | Capital Markets | 0.26% | −13.8% | |
| SBI Cards and Payment Services Limited | Finance | 0.25% | New | |
| HDFC Bank Limited (12/03/2027) · Certificate of deposit | CARE A1+ | 0.24% | ||
| Tata Motors Passenger Vehicles Limited | Automobiles | 0.24% | +34.1% | |
| Punjab National Bank (15/12/2026) · Certificate of deposit | CRISIL A1+ | 0.24% | ||
| Small Industries Dev Bank of India (28/01/2027) · Certificate of deposit | CARE A1+ | 0.24% | ||
| Coforge Limited | IT - Software | 0.24% | +28700.0% | |
| UPL Limited | Fertilizers & Agrochemicals | 0.24% | −13.2% | |
| HDFC Asset Management Company Limited | Capital Markets | 0.23% | −9.6% | |
| Tata Consumer Products Limited | Agricultural Food & other Products | 0.21% | −1.4% | |
| Swiggy Limited | Retailing | 0.18% | New | |
| Fortis Healthcare Limited | Healthcare Services | 0.18% | +8.2% | |
| Marico Limited | Agricultural Food & other Products | 0.18% | +28.3% | |
| Union Bank of India | Banks | 0.17% | −22.2% | |
| Hitachi Energy India Limited | Electrical Equipment | 0.16% | −74.4% | |
| IndusInd Bank Limited | Banks | 0.16% | +25700.0% | |
| Jindal Steel Limited | Ferrous Metals | 0.16% | −16.4% | |
| United Spirits Limited | Beverages | 0.16% | +17.9% | |
| Hindustan Petroleum Corporation Limited | Petroleum Products | 0.14% | +17.3% | |
| National Bank For Agriculture and Rural Development (18/03/2027) · Certificate of deposit | CRISIL A1+ | 0.14% | ||
| Aurobindo Pharma Limited | Pharmaceuticals & Biotechnology | 0.14% | −22.2% | |
| Bajaj Auto Limited | Automobiles | 0.14% | +124.7% | |
| Samvardhana Motherson International Limited | Auto Components | 0.13% | −18.9% | |
| Info Edge (India) Limited | Retailing | 0.12% | +17600.0% | |
| Torrent Pharmaceuticals Limited | Pharmaceuticals & Biotechnology | 0.12% | 0.0% | |
| JSW Energy Limited | Power | 0.11% | +31.1% | |
| PNB Housing Finance Limited | Finance | 0.11% | +202.0% | |
| SRF Limited | Chemicals & Petrochemicals | 0.11% | −28.6% | |
| RBL Bank Limited | Banks | 0.11% | +9.9% | |
| PB Fintech Limited | Financial Technology (Fintech) | 0.10% | +5200.0% | |
| Laurus Labs Limited | Pharmaceuticals & Biotechnology | 0.10% | New | |
| AU Small Finance Bank Limited | Banks | 0.10% | −44.6% | |
| Asian Paints Limited | Consumer Durables | 0.09% | −35.1% | |
| Inox Wind Limited | Electrical Equipment | 0.09% | −20.2% | |
| Tata Power Company Limited | Power | 0.09% | −77.6% | |
| Pidilite Industries Limited | Chemicals & Petrochemicals | 0.09% | −33.7% | |
| Mphasis Limited | IT - Software | 0.09% | New | |
| Shriram Finance Limited | Finance | 0.09% | +2600.0% | |
| Max Financial Services Limited | Insurance | 0.08% | −60.0% | |
| KEI Industries Limited | Industrial Products | 0.08% | New | |
| Larsen & Toubro Limited | Construction | 0.06% | −62.7% | |
| IDFC First Bank Limited | Banks | 0.06% | 0.0% | |
| TVS Motor Company Limited | Automobiles | 0.06% | −73.1% | |
| Suzlon Energy Limited | Electrical Equipment | 0.05% | +3.9% | |
| Supreme Industries Limited | Industrial Products | 0.05% | +89.6% | |
| Hindustan Zinc Limited | Non - Ferrous Metals | 0.05% | −42.5% | |
| Patanjali Foods Limited | Agricultural Food & other Products | 0.05% | +0.8% | |
| Tube Investments of India Limited | Auto Components | 0.05% | +323.1% | |
| NBCC (India) Limited | Construction | 0.04% | −88.9% | |
| Mahindra & Mahindra Limited | Automobiles | 0.04% | +527.3% | |
| GAIL (India) Limited | Gas | 0.04% | +51.0% | |
| National Aluminium Company Limited | Non - Ferrous Metals | 0.04% | −52.1% | |
| Vedanta Limited | Diversified Metals | 0.04% | −75.7% | |
| Kalyan Jewellers India Limited | Consumer Durables | 0.04% | −81.0% | |
| InterGlobe Aviation Limited | Transport Services | 0.04% | +60.6% | |
| One 97 Communications Limited | Financial Technology (Fintech) | 0.04% | −88.6% | |
| Sagility Limited | IT - Services | 0.03% | +96.5% | |
| Radico Khaitan Limited | Beverages | 0.03% | +316.7% | |
| Dabur India Limited | Personal Products | 0.02% | −88.3% | |
| Sun Pharmaceutical Industries Limited | Pharmaceuticals & Biotechnology | 0.02% | −43.5% | |
| Cipla Limited | Pharmaceuticals & Biotechnology | 0.02% | −40.0% | |
| Delhivery Limited | Transport Services | 0.02% | +228.6% | |
| Oil & Natural Gas Corporation Limited | Oil | 0.02% | −76.3% | |
| Titan Company Limited | Consumer Durables | 0.02% | New | |
| Bank of Maharashtra | Banks | 0.02% | +21.9% | |
| PG Electroplast Limited | Consumer Durables | 0.02% | +112.0% | |
| Computer Age Management Services Limited | Capital Markets | 0.02% | −25.9% | |
| Eternal Limited | Retailing | 0.02% | New | |
| Page Industries Limited | Textiles & Apparels | 0.02% | +2800.0% | |
| Bajaj Finserv Limited | Finance | 0.02% | +1466.7% | |
| Bharat Petroleum Corporation Limited | Petroleum Products | 0.01% | −85.5% | |
| Eicher Motors Limited | Automobiles | 0.01% | −97.3% | |
| Godrej Consumer Products Limited | Personal Products | 0.01% | −96.0% | |
| Avenue Supermarts Limited | Retailing | 0.01% | New | |
| Aditya Birla Capital Limited | Finance | 0.01% | +10.0% | |
| Trent Limited | Retailing | 0.01% | +28.6% | |
| Max Healthcare Institute Limited | Healthcare Services | 0.00% | −93.8% | |
| SBI Life Insurance Company Limited | Insurance | 0.00% | −98.5% | |
| The Phoenix Mills Limited | Realty | 0.00% | −77.4% | |
| Voltas Limited | Consumer Durables | 0.00% | −91.3% | |
| Nestle India Limited | Food Products | 0.00% | +250.0% | |
| Colgate Palmolive (India) Limited | Personal Products | 0.00% | −88.9% | |
| Persistent Systems Limited | IT - Software | 0.00% | New | |
| DLF Limited | Realty | 0.00% | −99.9% | |
| Oil India Limited | Oil | 0.00% | New | |
| Motilal Oswal Financial Services Limited | Capital Markets | 0.00% | −91.7% | |
| Solar Industries India Limited | Chemicals & Petrochemicals | 0.00% | −98.9% | |
| Indian Bank | Banks | 0.00% | New | |
| Adani Ports and Special Economic Zone Limited | Transport Infrastructure | 0.00% | −99.6% | |
| Power Grid Corporation of India Limited | Power | 0.00% | −97.8% | |
| GMR Airports Limited | Transport Infrastructure | 0.00% | −98.7% | |
| Prestige Estates Projects Limited | Realty | 0.00% | +50.0% |
All changes are between August 2026 and September 2026
| HDFC Bank Limited | Added | +12.8% | 4.06% |
|---|---|---|---|
| ICICI Bank Limited | Added | +17.0% | 3.83% |
| Reliance Industries Limited | Added | +19.9% | 3.77% |
| Bharat Heavy Electricals Limited | Reduced | −2.0% | 2.64% |
| State Bank of India | Added | +26.9% | 2.63% |
| Bharti Airtel Limited | Added | +9.7% | 2.22% |
| Bharat Electronics Limited | Reduced | −33.1% | 1.30% |
| Tata Steel Limited | Added | +14.5% | 1.83% |
| Kotak Mahindra Bank Limited | Reduced | −2.5% | 1.58% |
| Bajaj Finance Limited | Added | +15.9% | 1.43% |
| Cummins India Limited | Added | +68.0% | 1.40% |
| Cholamandalam Investment and Finance Company Ltd | Reduced | −10.5% | 1.13% |
| Axis Bank Limited | Added | +1.5% | 1.38% |
| Adani Enterprises Limited | Reduced | −6.2% | 1.31% |
| Indus Towers Limited | Reduced | −10.5% | 1.12% |
| Divi's Laboratories Limited | Added | +43.8% | 1.25% |
| Hindustan Unilever Limited | Reduced | −2.7% | 1.18% |
| Vodafone Idea Limited | Reduced | −1.4% | 1.14% |
| Coal India Limited | Added | +1.9% | 1.19% |
| Hindalco Industries Limited | Added | +6.2% | 1.16% |
| Infosys Limited | Added | +435.2% | 1.15% |
| Jio Financial Services Limited | Added | +3.4% | 1.07% |
| JSW Steel Limited | Added | +2.2% | 1.04% |
| Adani Power Limited | Reduced | −8.5% | 1.01% |
| Glenmark Pharmaceuticals Limited | Reduced | −3.0% | 0.93% |
| ITC Limited | Reduced | −22.1% | 0.76% |
| UltraTech Cement Limited | Reduced | −5.9% | 0.81% |
| Manappuram Finance Limited | Added | +3.2% | 0.87% |
| Steel Authority of India Limited | Reduced | −0.1% | 0.80% |
| Punjab National Bank | Reduced | −6.0% | 0.79% |
| Biocon Limited | Added | +2.4% | 0.78% |
| The Federal Bank Limited | Added | +22.1% | 0.78% |
| DLF Limited | Reduced | −99.9% | 0.00% |
| HDFC Life Insurance Company Limited | Reduced | −8.2% | 0.68% |
| Varun Beverages Limited | Added | +26.4% | 0.72% |
| LIC Housing Finance Limited | Added | +143.4% | 0.70% |
| Apollo Hospitals Enterprise Limited | Added | +0.9% | 0.68% |
| APL Apollo Tubes Limited | Added | +159.5% | 0.70% |
| Life Insurance Corporation Of India | Added | +60.0% | 0.69% |
| Hitachi Energy India Limited | Reduced | −74.4% | 0.16% |
| Yes Bank Limited | Added | +7.9% | 0.66% |
| Crompton Greaves Consumer Electricals Limited | Added | +3.0% | 0.61% |
| Container Corporation of India Limited | Reduced | −0.4% | 0.58% |
| NMDC Limited | Added | +22.2% | 0.60% |
| Maruti Suzuki India Limited | Reduced | −28.6% | 0.33% |
| GE Vernova T&D India Limited | Reduced | −0.7% | 0.47% |
| Bank of Baroda | Added | +56.0% | 0.47% |
| Hindustan Aeronautics Limited | Added | +15.4% | 0.47% |
| NTPC Limited | Reduced | −3.7% | 0.47% |
| Adani Energy Solutions Limited | Added | +11.2% | 0.43% |
| Godrej Properties Limited | Added | +83.8% | 0.42% |
| The Indian Hotels Company Limited | Added | +30.4% | 0.41% |
| Ambuja Cements Limited | Added | +9.9% | 0.41% |
| Bharat Forge Limited | Added | +89.5% | 0.41% |
| NBCC (India) Limited | Reduced | −88.9% | 0.04% |
| Tata Power Company Limited | Reduced | −77.6% | 0.09% |
| Adani Green Energy Limited | Reduced | −1.9% | 0.38% |
| Eicher Motors Limited | Reduced | −97.3% | 0.01% |
| Indian Oil Corporation Limited | Reduced | −2.0% | 0.35% |
| Astral Limited | New | New | 0.35% |
| Bank of India | Reduced | −5.5% | 0.31% |
| Indian Energy Exchange Limited | Reduced | −13.8% | 0.26% |
| Ashok Leyland Limited | Added | +30.0% | 0.33% |
| One 97 Communications Limited | Reduced | −88.6% | 0.04% |
| Bandhan Bank Limited | Added | +1.0% | 0.31% |
| Muthoot Finance Limited | Added | +45.9% | 0.30% |
| HDFC Asset Management Company Limited | Reduced | −9.6% | 0.23% |
| Lupin Limited | Added | +20.6% | 0.28% |
| Godrej Consumer Products Limited | Reduced | −96.0% | 0.01% |
| Power Finance Corporation Limited | Added | +975.4% | 0.27% |
| UPL Limited | Reduced | −13.2% | 0.24% |
| UNO Minda Limited | Sold out | −100% | was 0.27% |
| Solar Industries India Limited | Reduced | −98.9% | 0.00% |
| SBI Cards and Payment Services Limited | New | New | 0.25% |
| Tata Motors Passenger Vehicles Limited | Added | +34.1% | 0.24% |
| Coforge Limited | Added | +28700.0% | 0.24% |
| Max Financial Services Limited | Reduced | −60.0% | 0.08% |
| Union Bank of India | Reduced | −22.2% | 0.17% |
| Tata Consumer Products Limited | Reduced | −1.4% | 0.21% |
| TVS Motor Company Limited | Reduced | −73.1% | 0.06% |
| Kalyan Jewellers India Limited | Reduced | −81.0% | 0.04% |
| Fortis Healthcare Limited | Added | +8.2% | 0.18% |
| Jindal Steel Limited | Reduced | −16.4% | 0.16% |
| AU Small Finance Bank Limited | Reduced | −44.6% | 0.10% |
| Swiggy Limited | New | New | 0.18% |
| Larsen & Toubro Limited | Reduced | −62.7% | 0.06% |
| Marico Limited | Added | +28.3% | 0.18% |
| Aurobindo Pharma Limited | Reduced | −22.2% | 0.14% |
| Tech Mahindra Limited | Sold out | −100% | was 0.18% |
| Adani Ports and Special Economic Zone Limited | Reduced | −99.6% | 0.00% |
| IndusInd Bank Limited | Added | +25700.0% | 0.16% |
| Vedanta Limited | Reduced | −75.7% | 0.04% |
| Samvardhana Motherson International Limited | Reduced | −18.9% | 0.13% |
| United Spirits Limited | Added | +17.9% | 0.16% |
| Pidilite Industries Limited | Reduced | −33.7% | 0.09% |
| SRF Limited | Reduced | −28.6% | 0.11% |
| Dabur India Limited | Reduced | −88.3% | 0.02% |
| Asian Paints Limited | Reduced | −35.1% | 0.09% |
| Hindustan Petroleum Corporation Limited | Added | +17.3% | 0.14% |
| Bajaj Auto Limited | Added | +124.7% | 0.14% |
| Bosch Limited | Sold out | −100% | was 0.13% |
| Info Edge (India) Limited | Added | +17600.0% | 0.12% |
| ICICI Lombard General Insurance Company Limited | Sold out | −100% | was 0.12% |
| Inox Wind Limited | Reduced | −20.2% | 0.09% |
| JSW Energy Limited | Added | +31.1% | 0.11% |
| PNB Housing Finance Limited | Added | +202.0% | 0.11% |
| RBL Bank Limited | Added | +9.9% | 0.11% |
| PB Fintech Limited | Added | +5200.0% | 0.10% |
| Laurus Labs Limited | New | New | 0.10% |
| Central Depository Services (India) Limited | Sold out | −100% | was 0.10% |
| National Aluminium Company Limited | Reduced | −52.1% | 0.04% |
| Hindustan Zinc Limited | Reduced | −42.5% | 0.05% |
| Mphasis Limited | New | New | 0.09% |
| Shriram Finance Limited | Added | +2600.0% | 0.09% |
| Power Grid Corporation of India Limited | Reduced | −97.8% | 0.00% |
| Hero MotoCorp Limited | Sold out | −100% | was 0.09% |
| KEI Industries Limited | New | New | 0.08% |
| Oil & Natural Gas Corporation Limited | Reduced | −76.3% | 0.02% |
| Suzlon Energy Limited | Added | +3.9% | 0.05% |
| Sun Pharmaceutical Industries Limited | Reduced | −43.5% | 0.02% |
| Supreme Industries Limited | Added | +89.6% | 0.05% |
| Patanjali Foods Limited | Added | +0.8% | 0.05% |
| GMR Airports Limited | Reduced | −98.7% | 0.00% |
| Tube Investments of India Limited | Added | +323.1% | 0.05% |
| Bharat Petroleum Corporation Limited | Reduced | −85.5% | 0.01% |
| Mahindra & Mahindra Limited | Added | +527.3% | 0.04% |
| SBI Life Insurance Company Limited | Reduced | −98.5% | 0.00% |
| GAIL (India) Limited | Added | +51.0% | 0.04% |
| Colgate Palmolive (India) Limited | Reduced | −88.9% | 0.00% |
| Computer Age Management Services Limited | Reduced | −25.9% | 0.02% |
| InterGlobe Aviation Limited | Added | +60.6% | 0.04% |
| Grasim Industries Limited | Sold out | −100% | was 0.04% |
| Cipla Limited | Reduced | −40.0% | 0.02% |
| Sagility Limited | Added | +96.5% | 0.03% |
| Radico Khaitan Limited | Added | +316.7% | 0.03% |
| Cochin Shipyard Limited | Sold out | −100% | was 0.03% |
| Delhivery Limited | Added | +228.6% | 0.02% |
| The Phoenix Mills Limited | Reduced | −77.4% | 0.00% |
| Titan Company Limited | New | New | 0.02% |
| Bank of Maharashtra | Added | +21.9% | 0.02% |
| PG Electroplast Limited | Added | +112.0% | 0.02% |
| Eternal Limited | New | New | 0.02% |
| Page Industries Limited | Added | +2800.0% | 0.02% |
| Bajaj Finserv Limited | Added | +1466.7% | 0.02% |
| Zydus Lifesciences Limited | Sold out | −100% | was 0.02% |
| Tata Consultancy Services Limited | Sold out | −100% | was 0.02% |
| Mankind Pharma Limited | Sold out | −100% | was 0.02% |
| HCL Technologies Limited | Sold out | −100% | was 0.02% |
| Max Healthcare Institute Limited | Reduced | −93.8% | 0.00% |
| Avenue Supermarts Limited | New | New | 0.01% |
| Voltas Limited | Reduced | −91.3% | 0.00% |
| Motilal Oswal Financial Services Limited | Reduced | −91.7% | 0.00% |
| Aditya Birla Capital Limited | Added | +10.0% | 0.01% |
| Trent Limited | Added | +28.6% | 0.01% |
| Shree Cement Limited | Sold out | −100% | was 0.01% |
| Amber Enterprises India Limited | Sold out | −100% | was 0.01% |
| Nestle India Limited | Added | +250.0% | 0.00% |
| Persistent Systems Limited | New | New | 0.00% |
| Oil India Limited | New | New | 0.00% |
| Indian Bank | New | New | 0.00% |
| Prestige Estates Projects Limited | Added | +50.0% | 0.00% |
| KPIT Technologies Limited | Sold out | −100% | was 0.00% |
| CG Power and Industrial Solutions Limited | Sold out | −100% | was 0.00% |
| Ather Energy Limited | Sold out | −100% | was 0.00% |
| Hyundai Motor India Ltd | Sold out | −100% | was 0.00% |
| Havells India Limited | Sold out | −100% | was 0.00% |
| Mazagon Dock Shipbuilders Limited | Sold out | −100% | was 0.00% |
| Petronet LNG Limited | Sold out | −100% | was 0.00% |
| FSN E-Commerce Ventures Limited | Sold out | −100% | was 0.00% |
| Polycab India Limited | Sold out | −100% | was 0.00% |
| 360 One WAM Limited | Sold out | −100% | was 0.00% |
| Angel One Limited | Sold out | −100% | was 0.00% |
No stocks in this group for September 2026.
A change is counted by the number of shares the fund holds, not by price. A stock can become a smaller part of the fund in a month when the fund bought more of it, if its price fell. Debt papers are left out.
Funds with the most similar portfolios, across every fund house and category
| Fund | Overlap | Holdings in common | |
|---|---|---|---|
| SBI Arbitrage FundArbitrage · SBI | 52.3% | 148 | Compare |
| Invesco India Arbitrage FundArbitrage · Invesco | 52.0% | 152 | Compare |
| Edelweiss Arbitrage FundArbitrage · Edelweiss | 52.0% | 154 | Compare |
| DSP Arbitrage fundArbitrage · DSP | 50.7% | 149 | Compare |
| Tata Arbitrage FundArbitrage · Tata | 50.5% | 146 | Compare |
| ICICI Prudential Arbitrage FundArbitrage · ICICI Prudential | 50.4% | 152 | Compare |
| HDFC Arbitrage FundArbitrage · HDFC | 49.4% | 143 | Compare |
| Nippon India Arbitrage FundArbitrage · Nippon India | 49.3% | 142 | Compare |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 40% means 40% of each fund's money sits in positions the other also holds. From each fund's latest monthly portfolio, matched by ISIN. Cash and hedged positions are left out. Funds that overlap under 10% are not listed. A high overlap does not make two funds the same: their costs, lock-in and category can differ.
Fund facts from the scheme summary document, as on 16-10-2026
Rules in force from 23-07-2024 (Finance Act 2024). Tax depends on your own income; this is general information, not tax advice.
| Plan | Option | NAV | As on |
|---|---|---|---|
| direct | Growth | ₹22.0898 | 30-10-2026 |
| direct | Monthly IDCW | ₹12.402 | 30-10-2026 |
| regular | Growth | ₹20.151 | 30-10-2026 |
| regular | Monthly IDCW | ₹11.1636 | 30-10-2026 |
Axis Arbitrage Fund is a mutual fund from Axis Mutual Fund. Its category is Arbitrage. It was launched on 14-08-2014. Its benchmark is Nifty 50 Arbitrage Index. At the end of September 2026 it held 170 securities.
Devang Shah
Fund manager of Axis Arbitrage Fund, since 14-08-2014
Sachin Jain
Fund manager of Axis Arbitrage Fund, since 09-11-2021
See all funds of Axis Mutual Fund
AUM moves with money invested or taken out, and with the value of what the fund holds.
Returns, risk, costs and the stocks they share, side by side
The Direct plan NAV is ₹22.0898. The Regular plan NAV is ₹20.151, as on 30-10-2026.
The Direct plan returned +6.68% in 1 year, +7.31% a year over 3 years, +6.84% a year over 5 years. The Regular plan returned +5.95% in 1 year, +6.60% a year over 3 years, +6.10% a year over 5 years. These figures are as on 30-10-2026.
The Direct plan charges 1.40% a year. The Regular plan charges 2.09% a year. This is the figure the fund house reported to AMFI, in force from 01-10-2026.
Axis Arbitrage Fund managed ₹10,167.62 Cr on 30-09-2026, as its fund house reported in its monthly portfolio.
At the end of September 2026 the largest holdings were Axis Money Market Fund - Direct Plan - Growth Option (13.06%), HDFCBANK (4.06%), ICICIBANK (3.83%), RELIANCE (3.77%), BHEL (2.64%). The fund held 170 securities in all.
It bought 12 new stocks: Astral Limited, Swiggy Limited, SBI Cards and Payment Services Limited, Avenue Supermarts Limited, Persistent Systems Limited. It sold out of 25: Zydus Lifesciences Limited, Grasim Industries Limited, KPIT Technologies Limited, CG Power and Industrial Solutions Limited, Shree Cement Limited. It added shares in 70. It reduced 65.
Through Axis Mutual Fund's website or app, a mutual fund distributor, or an investment platform. Choose the Direct plan to pay no distributor commission, or the Regular plan to invest through a distributor. The first investment is at least ₹500. You can invest once or through a monthly SIP.
Devang Shah (since 14-08-2014), Sachin Jain (since 09-11-2021).
Sources: NAV and expense ratio from AMFI. Holdings from the fund house's monthly portfolio statement. Fund facts from its scheme summary document, as on 16-10-2026.
This page is information, not investment advice. Mutual fund investments are subject to market risks; read all scheme related documents carefully. Past returns do not promise future returns. Figures come from AMFI, NSE, BSE and each fund house's own documents.
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