Bank of India Arbitrage Fund is an Arbitrage fund run by Bank of India Mutual Fund. On 30-09-2026, it managed ₹111 Cr of investors' money. In the 3 years to 30-10-2026, its Direct plan returned 6.8% a year and its Regular plan returned 6.2% a year.
NAV (Direct plan)
₹15.60
▲ 0.20% · 30-10-2026
NAV (Regular plan)
₹14.84
▲ 0.20% · 30-10-2026
Expense ratio
2.13%Direct2.82%Regular
2.13%
A year
Riskometer
Low
Set by the fund house
3 year return
6.8%Direct6.2%Regular
6.8%
A year
Bank of India Arbitrage Fund NAV Today
NAV on 30-10-2026: Direct Plan Growth ₹15.60 (up 0.20% that day); Regular Plan Growth ₹14.84 (up 0.20% that day).
This fund (Direct plan)
₹15.6042
Bank of India Arbitrage Fund Returns vs Arbitrage Funds
Returns as on 30-10-2026. Up to one year they are absolute returns. Longer periods are a rate per year.
Trailing returns
Period
1M
3M
6M
1Y
3Y
5Y
10Y
This fund (Direct)
+0.73%
+1.71%
+3.16%
+6.46%
+6.84%
+6.02%
--
This fund (Regular)
+0.67%
+1.56%
+2.84%
+5.84%
+6.20%
+5.44%
--
Arbitrage average
+0.56%
+1.52%
+3.20%
+6.62%
+7.18%
+6.68%
--
Best in Arbitrage
+0.73%
+1.71%
+3.63%
+7.56%
+7.46%
+7.14%
--
Worst in Arbitrage
+0.45%
+1.28%
+2.60%
+5.24%
+6.42%
+5.89%
--
Rank in Arbitrage
1/39
1/38
25/38
26/33
23/25
19/20
--
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.
Bank of India Arbitrage Fund Year-wise Returns
Return of each calendar year
Year
Direct
Regular
2026to date
+5.29%
+4.78%
2025
+6.45%
+5.95%
2024
+7.71%
+6.93%
2023
+6.85%
+6.26%
2022
+3.43%
+2.98%
2021
+2.79%
+2.22%
Bank of India Arbitrage Fund Rolling Returns
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 1,321 periods, one for each trading day from 21-06-2021 to 30-10-2026.
0%2%4%6%8%
Bank of India Arbitrage Fund (Direct)
Category average, 39 Arbitrage funds
Nov 2018 to Nov 2021Oct 2019 to Oct 2022Sept 2020 to Sept 2023Aug 2021 to Aug 2024Jul 2022 to Jul 2025May 2023 to May 2026
Bank of India Arbitrage Fund (Direct)Category average, 39 Arbitrage funds
0%
0%
Below 0%
55%
27%
0-5%
45%
74%
5-10%
0%
0%
10-15%
0%
0%
15-20%
0%
0%
20-25%
0%
0%
Above 25%
Every holding period at a glance
Period
Periods
Median
Lowest
Highest
With a loss
Category median
Beat category
1 year
1,814
6.0%
2.4%
7.9%
0%
6.6%
0%
2 years
1,570
5.2%
2.7%
7.6%
0%
6.0%
0%
3 years
1,321
4.8%
3.2%
7.1%
0%
5.8%
0%
5 years
827
5.0%
4.5%
6.0%
0%
5.8%
0%
7 years
335
5.3%
5.2%
5.3%
0%
6.1%
0%
Every SIP holding period at a glance
Period
Periods
Median
Lowest
Highest
With a loss
Category median
Beat category
1 year
89
6.0%
2.5%
7.8%
0%
6.6%
0%
2 years
77
5.4%
2.7%
7.6%
0%
6.4%
0%
3 years
65
5.6%
2.9%
7.3%
0%
6.6%
0%
5 years
41
5.9%
4.1%
6.6%
0%
6.6%
0%
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.
Bank of India Arbitrage Fund Risk
How much it swings, and the falls an investor had to sit through
Risk and return
Measure
Bank of India Arbitrage Fund (Direct)This fund
Category average
Return (CAGR)
+6.46%
+6.61%
Standard deviation
1.57%
1.35%
Sharpe ratio
0.77
1.01
Sortino ratio
1.19
1.54
Maximum drawdown
−0.44%
(04-09-2026)
−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
Bank of India Arbitrage Fund (Direct)This fund
Category average
Return (CAGR)
+6.84%
+7.18%
Standard deviation
1.19%
1.07%
Sharpe ratio
0.68
1.08
Sortino ratio
1.03
1.65
Maximum drawdown
−0.44%
(04-09-2026)
−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
Bank of India Arbitrage Fund (Direct)This fund
Category average
Return (CAGR)
+6.02%
+6.65%
Standard deviation
1.09%
0.98%
Sharpe ratio
0.20
0.87
Sortino ratio
0.29
1.32
Maximum drawdown
−0.44%
(04-09-2026)
−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
Bank of India Arbitrage Fund (Direct)This fund
Category average
Return (CAGR)
+5.45%
+6.17%
Standard deviation
1.07%
1.00%
Sharpe ratio
0.16
0.88
Sortino ratio
0.22
1.31
Maximum drawdown
−0.59%
(25-03-2020)
−0.53%
(03-06-2020)
From daily NAVs, 20-06-2018 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.
−0.6%−0.5%−0.4%−0.3%−0.2%−0.1%0%
Bank of India Arbitrage Fund (Direct)
Category average, 39 Arbitrage funds
20192020202120222023202420252026
Bank of India 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
Bank of India Arbitrage Fund (Direct)
−0.59%
16-03-2020
25-03-2020
20-04-2020
26 days
0.0%
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 20-06-2018, 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.
Bank of India Arbitrage Fund vs Other Arbitrage Funds
The five Arbitrage funds with the best three year return, and this fund. Direct plans.
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.
Bank of India Arbitrage Fund Expense Ratio and Costs
What each plan charges a year, in force from 19-10-2026
Plan
Base expense ratio
Brokerage
Transaction costs
Levies and GST
Total expense ratio
Arbitrage median
Cost rank (1 = cheapest)
Direct
0.29%
0.39%
0.16%
1.29%
2.13%
1.45%
34/39
Regular
0.88%
0.39%
0.16%
1.39%
2.82%
2.08%
33/38
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
5.84%
6.46%
0.62%
₹1,05,840
₹1,06,460
3 years
6.20%
6.84%
0.64% a year
₹1,19,777
₹1,21,956
5 years
5.44%
6.02%
0.58% a year
₹1,30,325
₹1,33,949
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.
Bank of India Arbitrage Fund SIP Calculator
What a one-time or monthly investment in this fund would be worth today, from its own NAV history
Growth of an investment
Step up each year
PeriodFor
₹10,000 on the first trading day of every month, from 20-06-2018 to 30-10-2026: 101 instalments, ₹10,10,000 in all.
Investment
Invested
Value now
Gain
Return a year
Direct planBank of India Arbitrage Fund (Direct)
₹10,10,000
₹12,95,469
₹2,85,469
5.8%
Regular planBank of India Arbitrage Fund (Regular)
Direct planBank of India Arbitrage Fund (Direct)Regular planBank of India Arbitrage Fund (Regular)Category averageCategory average, 39 Arbitrage fundsAmount 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.
Bank of India Arbitrage Fund Asset Allocation
Asset allocation as on 30-09-2026
What the fund holds
71.1%Equity
Asset
Fund
Category
Equity
71.1%
71.6%
Cash and others
24.9%
19.5%
Debt
4.0%
9.0%
Market cap of stocks
Market cap
Fund
Category
Large Cap
58.4%
54.0%
Mid Cap
11.8%
14.1%
Small Cap
0.9%
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.
Bank of India Arbitrage Fund Sector Allocation
Sector allocation of the fund's stocks as on 30-09-2026
Largest sectors
Banks22.6%
Ferrous Metals12.8%
Finance5.6%
Auto Components5.4%
Diversified Metals4.6%
Pharmaceuticals & Biotechnology4.5%
Telecom - Services4.1%
Petroleum Products3.3%
Healthcare Services1.8%
Diversified FMCG1.7%
The ten largest of 15 sectors. The other 5 add up to 4.8%.
Sector changes
Sector
July 2026
August 2026
September 2026
Change
Banks
22.0%
23.8%
22.6%
+0.6%
Ferrous Metals
8.4%
10.2%
12.8%
+4.4%
Finance
3.7%
4.2%
5.6%
+1.9%
Auto Components
2.3%
5.6%
5.4%
+3.1%
Diversified Metals
4.1%
4.4%
4.6%
+0.5%
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.
Bank of India Arbitrage Fund Portfolio Holdings
As on 30-09-2026 · 34 holdings · from the fund house's monthly portfolio
Holdings
Sector / Rating
Weight%
Holdings trend
1M change
Bank of India Liquid Fund Direct Plan - Growth
12.10%
Tata Steel Limited
Ferrous Metals
5.86%
0.0%
Canara Bank
Banks
5.82%
0.0%
HDFC Bank Limited
Banks
4.87%
−35.4%
Vedanta Limited
Diversified Metals
4.62%
−6.5%
Vodafone Idea Limited
Telecom - Services
4.09%
0.0%
Steel Authority of India Limited
Ferrous Metals
4.08%
0.0%
Bank of Baroda
Banks
4.02%
0.0%
Kotak Mahindra Bank Limited
Banks
3.69%
0.0%
Reliance Industries Limited
Petroleum Products
3.27%
0.0%
Samvardhana Motherson International Limited
Auto Components
2.99%
0.0%
JSW Steel Limited
Ferrous Metals
2.90%
+46.1%
Power Finance Corporation Limited
Finance
2.83%
0.0%
Bajaj Finance Limited
Finance
2.73%
+40.0%
Bharat Forge Limited
Auto Components
2.43%
−26.3%
State Bank of India
Banks
2.14%
0.0%
Axis Bank Limited
Banks
2.08%
−46.4%
Apollo Hospitals Enterprise Limited
Healthcare Services
1.75%
+111.1%
Aurobindo Pharma Limited
Pharmaceuticals & Biotechnology
1.74%
New
Hindustan Unilever Limited
Diversified FMCG
1.68%
−32.6%
Divi's Laboratories Limited
Pharmaceuticals & Biotechnology
1.68%
0.0%
91 Days Tbill (MD 01/10/2026) · Treasury bill
SOVEREIGN
1.35%
Ambuja Cements Limited
Cement & Cement Products
1.26%
−20.5%
UPL Limited
Fertilizers & Agrochemicals
1.12%
0.0%
Biocon Limited
Pharmaceuticals & Biotechnology
1.09%
0.0%
Container Corporation of India Limited
Transport Services
1.01%
−35.5%
Computer Age Management Services Limited
Capital Markets
0.90%
New
364 Days Tbill (MD 08/10/2026) · Treasury bill
SOVEREIGN
0.90%
364 Days Tbill (MD 04/03/2027) · Treasury bill
SOVEREIGN
0.79%
182 Days Tbill (MD 19/11/2026) · Treasury bill
SOVEREIGN
0.45%
182 Days Tbill (MD 22/10/2026) · Treasury bill
SOVEREIGN
0.45%
Godrej Properties Limited
Realty
0.38%
0.0%
UltraTech Cement Limited
Cement & Cement Products
0.10%
0.0%
364 Days Tbill (MD 07/01/2027) · Treasury bill
SOVEREIGN
0.04%
Bank of India Arbitrage Fund Stocks Bought and Sold
All changes are between August 2026 and September 2026
More
Stocks bought and sold in September 2026
HDFC Bank Limited
↓Reduced
−35.4%
4.87%
Vedanta Limited
↓Reduced
−6.5%
4.62%
ITC Limited
↓Sold out
−100%
was 3.58%
Axis Bank Limited
↓Reduced
−46.4%
2.08%
Bharat Forge Limited
↓Reduced
−26.3%
2.43%
JSW Steel Limited
↑Added
+46.1%
2.90%
Bajaj Finance Limited
↑Added
+40.0%
2.73%
Hindustan Unilever Limited
↓Reduced
−32.6%
1.68%
Apollo Hospitals Enterprise Limited
↑Added
+111.1%
1.75%
Aurobindo Pharma Limited
↑New
New
1.74%
Container Corporation of India Limited
↓Reduced
−35.5%
1.01%
Ambuja Cements Limited
↓Reduced
−20.5%
1.26%
Hero MotoCorp Limited
↓Sold out
−100%
was 1.40%
Cipla Limited
↓Sold out
−100%
was 0.94%
Computer Age Management Services Limited
↑New
New
0.90%
Union Bank of India
↓Sold out
−100%
was 0.62%
Bharti Airtel Limited
↓Sold out
−100%
was 0.39%
CG Power and Industrial Solutions Limited
↓Sold out
−100%
was 0.29%
Grasim Industries Limited
↓Sold out
−100%
was 0.06%
Indus Towers Limited
↓Sold out
−100%
was 0.05%
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.
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.
Bank of India Arbitrage Fund Overview
Fund facts from the scheme summary document, as on 16-10-2026
Expense ratio (Direct)
2.13%
Expense ratio (Regular)
2.82%
Category
Arbitrage
Risk
Low
Benchmark
Nifty 50 Arbitrage Index
Launch date
18-06-2018
Minimum investment
₹5,000
Minimum additional investment
₹1,000
AUM
₹110.77 Cr (30-09-2026)
Lock in
None
Scheme code (Direct)
143614
ISIN (Direct)
INF761K01ED3
Scheme code (Regular)
143620
ISIN (Regular)
INF761K01DW5
NAV history
From 20-06-2018, 8.4 years
Exit load
• Any Redemption/Switch out - would be subject to an exit load of 0.50%, if the units are redeemed/switched out within 15 days from the date of allotment of units. • If the units are redeemed/switched out after 15 days from the date of allotment of units - "NIL"
Tax on Bank of India Arbitrage Fund returns
Bank of India Arbitrage Fund is taxed as an equity fund: 65% or more of it is in Indian stocks, counting its hedged positions.
Units sold within 1 year: the gain is taxed at 20%.
Units held longer: gains above ₹1.25 lakh in a financial year, across all your equity funds and shares, are taxed at 12.5%.
IDCW (dividend) payouts are added to your income and taxed at your slab rate.
A stamp duty of 0.005% is deducted when you invest.
Rules in force from 23-07-2024 (Finance Act 2024). Tax depends on your own income; this is general information, not tax advice.
All plans and options
Plan
Option
NAV
As on
direct
Growth
₹15.6042
30-10-2026
direct
Annual IDCW
₹14.1013
30-10-2026
direct
Monthly IDCW
₹13.9978
30-10-2026
direct
Quarterly IDCW
₹14.8218
30-10-2026
regular
Growth
₹14.8436
30-10-2026
regular
Annual IDCW
₹13.716
30-10-2026
regular
Monthly IDCW
₹13.3922
30-10-2026
regular
Quarterly IDCW
₹14.2011
30-10-2026
About Bank of India Arbitrage Fund
Bank of India Arbitrage Fund is a mutual fund from Bank of India Mutual Fund. Its category is Arbitrage. It was launched on 18-06-2018. Its benchmark is Nifty 50 Arbitrage Index. At the end of September 2026 it held 34 securities.
Fund Manager
Firdaus Ragina
Fund manager of Bank of India Arbitrage Fund, since 01-12-2021
Frequently Asked Questions for Bank of India Arbitrage Fund
What is the current NAV of Bank of India Arbitrage Fund?
The Direct plan NAV is ₹15.6042. The Regular plan NAV is ₹14.8436, as on 30-10-2026.
What are the returns of Bank of India Arbitrage Fund?
The Direct plan returned +6.46% in 1 year, +6.84% a year over 3 years, +6.02% a year over 5 years. The Regular plan returned +5.84% in 1 year, +6.20% a year over 3 years, +5.44% a year over 5 years. These figures are as on 30-10-2026.
What is the expense ratio of Bank of India Arbitrage Fund?
The Direct plan charges 2.13% a year. The Regular plan charges 2.82% a year. This is the figure the fund house reported to AMFI, in force from 19-10-2026.
What is the AUM of Bank of India Arbitrage Fund?
Bank of India Arbitrage Fund managed ₹110.77 Cr on 30-09-2026, as its fund house reported in its monthly portfolio.
What are the top holdings of Bank of India Arbitrage Fund?
At the end of September 2026 the largest holdings were Bank of India Liquid Fund Direct Plan - Growth (12.10%), TATASTEEL (5.86%), CANBK (5.82%), HDFCBANK (4.87%), VEDL (4.62%). The fund held 34 securities in all.
What did Bank of India Arbitrage Fund buy and sell in September 2026?
It bought 2 new stocks: Aurobindo Pharma Limited, Computer Age Management Services Limited. It sold out of 8: Grasim Industries Limited, Cipla Limited, CG Power and Industrial Solutions Limited, Indus Towers Limited, ITC Limited. It added shares in 3. It reduced 7.
How do I invest in Bank of India Arbitrage Fund?
Through Bank of India 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 ₹5,000. You can invest once or through a monthly SIP.
Who is the fund manager of Bank of India Arbitrage Fund?
Firdaus Ragina (since 01-12-2021).
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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