DSP Arbitrage fund is an Arbitrage fund run by DSP Mutual Fund. On 30-09-2026, it managed ₹6,720 Cr of investors' money. In the 3 years to 30-10-2026, its Direct plan returned 7.2% a year and its Regular plan returned 6.5% a year.
NAV on 30-10-2026: Direct Plan Growth ₹16.99 (up 0.17% that day); Regular Plan Growth ₹16.08 (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) | +0.49% | +1.47% | +3.15% | +6.49% | +7.18% | +6.68% | -- |
| This fund (Regular) | +0.42% | +1.30% | +2.81% | +5.79% | +6.48% | +6.00% | -- |
| 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 | 36/39 | 30/38 | 28/38 | 24/33 | 17/25 | 14/20 | -- |
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.
| Year | Direct | Regular |
|---|---|---|
| 2026to date | +5.29% | +4.73% |
| 2025 | +6.88% | +6.20% |
| 2024 | +8.18% | +7.47% |
| 2023 | +7.80% | +7.11% |
| 2022 | +4.68% | +4.07% |
| 2021 | +4.02% | +3.42% |
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 1,416 periods, one for each trading day from 29-01-2021 to 30-10-2026.
DSP 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 | 1,909 | 6.6% | 3.3% | 8.6% | 0% | 6.6% | 69% |
| 2 years | 1,665 | 6.3% | 3.6% | 8.1% | 0% | 6.1% | 79% |
| 3 years | 1,416 | 5.8% | 4.3% | 7.7% | 0% | 5.7% | 88% |
| 5 years | 922 | 5.8% | 5.3% | 6.7% | 0% | 5.8% | 100% |
| 7 years | 431 | 6.2% | 6.0% | 6.2% | 0% | 6.1% | 100% |
Every SIP holding period at a glance
| Period | Periods | Median | Lowest | Highest | With a loss | Category median | Beat category |
|---|---|---|---|---|---|---|---|
| 1 year | 94 | 6.6% | 3.5% | 8.3% | 0% | 6.6% | 69% |
| 2 years | 82 | 6.6% | 3.8% | 8.1% | 0% | 6.5% | 73% |
| 3 years | 70 | 6.3% | 4.0% | 7.9% | 0% | 6.1% | 76% |
| 5 years | 46 | 6.6% | 4.9% | 7.2% | 0% | 6.5% | 100% |
| 7 years | 22 | 6.5% | 6.3% | 6.7% | 0% | 6.4% | 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 | DSP Arbitrage fund (Direct)This fund | Category average |
|---|---|---|
| Return (CAGR) | +6.49% | +6.61% |
| Standard deviation | 1.33% | 1.35% |
| Sharpe ratio | 0.93 | 1.01 |
| Sortino ratio | 1.46 | 1.54 |
| Maximum drawdown | −0.40% (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 | DSP Arbitrage fund (Direct)This fund | Category average |
|---|---|---|
| Return (CAGR) | +7.18% | +7.18% |
| Standard deviation | 1.08% | 1.07% |
| Sharpe ratio | 1.07 | 1.08 |
| Sortino ratio | 1.65 | 1.65 |
| Maximum drawdown | −0.40% (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 | DSP Arbitrage fund (Direct)This fund | Category average |
|---|---|---|
| Return (CAGR) | +6.68% | +6.65% |
| Standard deviation | 1.01% | 0.98% |
| Sharpe ratio | 0.88 | 0.87 |
| Sortino ratio | 1.33 | 1.32 |
| Maximum drawdown | −0.40% (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 | DSP Arbitrage fund (Direct)This fund | Category average |
|---|---|---|
| Return (CAGR) | +6.22% | +6.17% |
| Standard deviation | 1.06% | 1.00% |
| Sharpe ratio | 0.85 | 0.86 |
| Sortino ratio | 1.25 | 1.27 |
| Maximum drawdown | −0.60% (25-03-2020) | −0.53% (03-06-2020) |
From daily NAVs, 29-01-2018 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.
DSP 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 | |
|---|---|---|---|---|---|---|
| DSP Arbitrage fund (Direct) | −0.60% | 16-03-2020 | 25-03-2020 | 31-03-2020 | 6 days | −0.05% |
| 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 29-01-2018, 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.
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 |
| DSP Arbitrage fund | 17/25 | 6,720 | 1.17% | +6.49% | +7.18% | -- | -- | 1.07 | 1.65 |
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 22-10-2026
| Plan | Base expense ratio | Brokerage | Transaction costs | Levies and GST | Total expense ratio | Arbitrage median | Cost rank (1 = cheapest) |
|---|---|---|---|---|---|---|---|
| Direct | 0.31% | 0.10% | 0.04% | 0.72% | 1.17% | 1.45% | 10/39 |
| Regular | 0.85% | 0.10% | 0.04% | 0.82% | 1.81% | 2.08% | 6/38 |
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 | 5.79% | 6.49% | 0.70% | ₹1,05,790 | ₹1,06,490 |
| 3 years | 6.48% | 7.18% | 0.70% a year | ₹1,20,727 | ₹1,23,124 |
| 5 years | 6.00% | 6.68% | 0.68% a year | ₹1,33,823 | ₹1,38,170 |
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 29-01-2018 to 30-10-2026: 106 instalments, ₹10,60,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Direct planDSP Arbitrage fund (Direct) | ₹10,60,000 | ₹14,16,546 | ₹3,56,546 | 6.4% |
| Regular planDSP Arbitrage fund (Regular) | ₹10,60,000 | ₹13,74,221 | ₹3,14,221 | 5.8% |
| Category averageCategory average, 39 Arbitrage funds | ₹10,60,000 | ₹14,14,510 | ₹3,54,510 | 6.4% |
Direct planDSP Arbitrage fund (Direct)
Regular planDSP 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
66.9%Equity
| Asset | Fund | Category |
|---|---|---|
| Equity | 66.9% | 71.6% |
| Debt | 19.3% | 9.0% |
| Cash and others | 13.8% | 19.5% |
| Market cap | Fund | Category |
|---|---|---|
| Large Cap | 50.0% | 54.0% |
| Mid Cap | 12.8% | 14.1% |
| Small Cap | 4.2% | 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 |
|---|---|---|
| Sovereign | 0.9% | 2.9% |
| AAA and A1+ | 18.3% | 5.8% |
Sector allocation of the fund's stocks as on 30-09-2026
Banks19.9%
Telecom - Services5.6%
Finance5.0%
Petroleum Products4.7%
Ferrous Metals3.4%
Pharmaceuticals & Biotechnology3.4%
Power3.3%
Diversified FMCG2.2%
Automobiles1.9%
Aerospace & Defense1.8%
The ten largest of 43 sectors. The other 33 add up to 15.7%.
| Sector | July 2026 | August 2026 | September 2026 | Change |
|---|---|---|---|---|
| Banks | 14.3% | 19.6% | 19.9% | +5.6% |
| Telecom - Services | 6.0% | 6.4% | 5.6% | −0.4% |
| Finance | 5.1% | 5.4% | 5.0% | −0.1% |
| Petroleum Products | 4.8% | 4.6% | 4.7% | −0.1% |
| Ferrous Metals | 3.2% | 3.6% | 3.4% | +0.2% |
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 · 187 holdings · from the fund house's monthly portfolio
| Holdings | Sector / Rating | Weight% | Holdings trend | 1M change |
|---|---|---|---|---|
| DSP Money Market Fund | Mutual Funds | 10.96% | ||
| HDFC Bank Limited | Banks | 4.76% | +1.5% | |
| Reliance Industries Limited | Petroleum Products | 4.63% | +11.9% | |
| Vodafone Idea Limited | Telecom - Services | 3.05% | −5.0% | |
| Bank of Baroda · Certificate of deposit | IND A1+ | 2.89% | ||
| Indian Bank · Certificate of deposit | CRISIL A1+ | 2.83% | ||
| ICICI Bank Limited | Banks | 2.73% | +45.9% | |
| Axis Bank Limited | Banks | 2.16% | −4.9% | |
| ITC Limited | Diversified FMCG | 1.69% | −1.0% | |
| Punjab National Bank | Banks | 1.62% | −0.1% | |
| Bharti Airtel Limited | Telecom - Services | 1.62% | −4.8% | |
| State Bank of India | Banks | 1.55% | +13.2% | |
| National Bank For Agriculture & Rural Development · Certificate of deposit | CRISIL A1+ | 1.44% | ||
| Kotak Mahindra Bank Limited | Banks | 1.38% | −16.4% | |
| Steel Authority of India Limited | Ferrous Metals | 1.32% | 0.0% | |
| JSW Steel Limited | Ferrous Metals | 1.31% | −0.9% | |
| Canara Bank | Banks | 1.21% | +2.2% | |
| Adani Energy Solutions Limited | Power | 1.12% | +11.3% | |
| Bharat Heavy Electricals Limited | Electrical Equipment | 1.08% | −2.1% | |
| Divi's Laboratories Limited | Pharmaceuticals & Biotechnology | 1.08% | +39.4% | |
| Small Industries Development Bank of India · Certificate of deposit | CRISIL A1+ | 1.04% | ||
| Yes Bank Limited | Banks | 1.03% | +0.5% | |
| Bharat Electronics Limited | Aerospace & Defense | 0.98% | −15.6% | |
| Indus Towers Limited | Telecom - Services | 0.97% | −1.1% | |
| 364 DAYS T-BILL 04032027 · Treasury bill | Sovereign | 0.94% | ||
| Bajaj Finance Limited | Finance | 0.94% | +4.1% | |
| Tata Power Co Limited | Power | 0.93% | −0.3% | |
| Jio Financial Services Limited | Finance | 0.92% | −3.3% | |
| Bandhan Bank Limited | Banks | 0.79% | +13.7% | |
| Hindustan Aeronautics Limited | Aerospace & Defense | 0.78% | −8.2% | |
| Tata Steel Limited | Ferrous Metals | 0.78% | +7.0% | |
| IDFC First Bank Limited | Banks | 0.78% | +17.8% | |
| Glenmark Pharmaceuticals Limited | Pharmaceuticals & Biotechnology | 0.74% | +4.4% | |
| Small Industries Development Bank of India · Certificate of deposit | CRISIL A1+ | 0.73% | ||
| Small Industries Development Bank of India · Certificate of deposit | CRISIL A1+ | 0.73% | ||
| Punjab National Bank · Certificate of deposit | CRISIL A1+ | 0.72% | ||
| National Bank For Agriculture & Rural Development · Certificate of deposit | CRISIL A1+ | 0.72% | ||
| Export-Import Bank Of India · Certificate of deposit | CRISIL A1+ | 0.72% | ||
| Bank of Baroda | Banks | 0.71% | +6.3% | |
| Indian Bank · Certificate of deposit | CRISIL A1+ | 0.71% | ||
| Indian Bank · Certificate of deposit | CRISIL A1+ | 0.71% | ||
| LIC Housing Finance Limited | Finance | 0.70% | −1.0% | |
| Small Industries Development Bank of India · Certificate of deposit | CRISIL A1+ | 0.70% | ||
| Adani Enterprises Limited | Metals & Minerals Trading | 0.69% | −6.0% | |
| GMR Airports Limited | Transport Infrastructure | 0.63% | −1.9% | |
| Adani Power Limited | Power | 0.61% | +13.0% | |
| Hindalco Industries Limited | Non - Ferrous Metals | 0.59% | −5.5% | |
| Indian Hotels Co Limited | Leisure Services | 0.56% | +229.9% | |
| Hindustan Unilever Limited | Diversified FMCG | 0.54% | −7.7% | |
| NBCC (India) Limited | Construction | 0.52% | +0.1% | |
| Mahindra & Mahindra Limited | Automobiles | 0.52% | −38.5% | |
| NMDC Limited | Minerals & Mining | 0.49% | +1.9% | |
| APL Apollo Tubes Limited | Industrial Products | 0.49% | +32.6% | |
| Larsen & Toubro Limited | Construction | 0.47% | −16.6% | |
| Manappuram Finance Limited | Finance | 0.47% | +6.7% | |
| Ashok Leyland Limited | Agricultural, Commercial & Construction Vehicles | 0.46% | +10.1% | |
| Crompton Greaves Consumer Electricals Limited | Consumer Durables | 0.46% | +20.7% | |
| Aditya Birla Capital Limited | Finance | 0.46% | −0.8% | |
| Marico Limited | Agricultural Food & Other Products | 0.44% | +3.0% | |
| HDFC Life Insurance Co Limited | Insurance | 0.43% | −4.4% | |
| Tata Motors Passenger Vehicles Limited | Automobiles | 0.42% | +24.9% | |
| Coal India Limited | Consumable Fuels | 0.42% | +12.7% | |
| Biocon Limited | Pharmaceuticals & Biotechnology | 0.41% | 0.0% | |
| Godrej Properties Limited | Realty | 0.40% | +3.9% | |
| Power Finance Corporation Limited | Finance | 0.39% | +24.6% | |
| Info Edge (India) Limited | Retailing | 0.39% | −2.0% | |
| Cholamandalam Investment and Finance Co Limited | Finance | 0.38% | −21.9% | |
| Aurobindo Pharma Limited | Pharmaceuticals & Biotechnology | 0.38% | +1.9% | |
| Eicher Motors Limited | Automobiles | 0.37% | +52.2% | |
| Bank of Baroda · Certificate of deposit | IND A1+ | 0.36% | ||
| Bank of Baroda · Certificate of deposit | IND A1+ | 0.36% | ||
| Punjab National Bank · Certificate of deposit | CRISIL A1+ | 0.36% | ||
| Punjab National Bank · Certificate of deposit | CRISIL A1+ | 0.36% | ||
| National Bank For Agriculture & Rural Development · Certificate of deposit | CRISIL A1+ | 0.36% | ||
| National Bank For Agriculture & Rural Development · Certificate of deposit | CRISIL A1+ | 0.36% | ||
| National Bank For Agriculture & Rural Development · Certificate of deposit | CRISIL A1+ | 0.36% | ||
| Canara Bank · Certificate of deposit | CRISIL A1+ | 0.36% | ||
| Small Industries Development Bank of India · Certificate of deposit | CRISIL A1+ | 0.36% | ||
| Small Industries Development Bank of India · Certificate of deposit | CRISIL A1+ | 0.36% | ||
| Canara Bank · Certificate of deposit | CRISIL A1+ | 0.35% | ||
| Small Industries Development Bank of India · Certificate of deposit | CRISIL A1+ | 0.35% | ||
| Infosys Limited | IT - Software | 0.32% | +1051.1% | |
| Tata Consumer Products Limited | Agricultural Food & Other Products | 0.32% | −4.4% | |
| Shriram Finance Limited | Finance | 0.31% | +4.1% | |
| Multi Commodity Exchange Of India Limited | Capital Markets | 0.31% | +224.1% | |
| AU Small Finance Bank Limited | Banks | 0.31% | +14.0% | |
| Life Insurance Corporation Of India | Insurance | 0.30% | +24.8% | |
| Adani Green Energy Limited | Power | 0.29% | 0.0% | |
| Swiggy Limited | Retailing | 0.28% | New | |
| Varun Beverages Limited | Beverages | 0.28% | 0.0% | |
| TVS Motor Co Limited | Automobiles | 0.28% | −29.5% | |
| Union Bank Of India | Banks | 0.28% | −6.1% | |
| Titan Co Limited | Consumer Durables | 0.27% | +5.2% | |
| Cummins India Limited | Industrial Products | 0.27% | +60.0% | |
| Asian Paints Limited | Consumer Durables | 0.26% | −10.4% | |
| Sun Pharmaceutical Industries Limited | Pharmaceuticals & Biotechnology | 0.26% | +15.4% | |
| Cipla Limited | Pharmaceuticals & Biotechnology | 0.26% | +12.2% | |
| Sagility Limited | IT - Services | 0.26% | +807.9% | |
| Ultratech Cement Limited | Cement & Cement Products | 0.26% | +3.3% | |
| Adani Ports and Special Economic Zone Limited | Transport Infrastructure | 0.25% | −53.9% | |
| Astral Limited | Industrial Products | 0.24% | New | |
| NTPC Limited | Power | 0.24% | −12.0% | |
| PNB Housing Finance Limited | Finance | 0.23% | +3.4% | |
| Indian Energy Exchange Limited | Capital Markets | 0.21% | +36.5% | |
| Phoenix Mills Limited | Realty | 0.21% | −6.8% | |
| Apollo Hospitals Enterprise Limited | Healthcare Services | 0.20% | 0.0% | |
| IndusInd Bank Limited | Banks | 0.18% | New | |
| RBL Bank Limited | Banks | 0.18% | +24.4% | |
| Hitachi Energy India Limited | Electrical Equipment | 0.17% | −18.8% | |
| Bank of India | Banks | 0.17% | −23.0% | |
| PB Fintech Limited | Financial Technology (Fintech) | 0.17% | +2525.0% | |
| UPL Limited | Fertilizers & Agrochemicals | 0.16% | +0.7% | |
| Container Corporation Of India Limited | Transport Services | 0.14% | +1.2% | |
| HDFC Asset Management Co Limited | Capital Markets | 0.14% | +37.3% | |
| Oil & Natural Gas Corporation Limited | Oil | 0.14% | −14.0% | |
| Max Financial Services Limited | Insurance | 0.13% | 0.0% | |
| Patanjali Foods Limited | Agricultural Food & other Products | 0.13% | +564.7% | |
| Fortis Healthcare Limited | Healthcare Services | 0.12% | −0.8% | |
| Maruti Suzuki India Limited | Automobiles | 0.12% | +2.9% | |
| Coforge Limited | IT - Software | 0.12% | +67.9% | |
| Muthoot Finance Limited | Finance | 0.11% | +31.2% | |
| Godrej Consumer Products Limited | Personal Products | 0.10% | −39.8% | |
| Hero MotoCorp Limited | Automobiles | 0.09% | −45.2% | |
| Ge Vernova T&D India Limited | Electrical Equipment | 0.09% | −2.4% | |
| Indian Oil Corporation Limited | Petroleum Products | 0.09% | +8.1% | |
| Interglobe Aviation Limited | Transport Services | 0.09% | +285.7% | |
| Kalyan Jewellers India Limited | Consumer Durables | 0.08% | −40.2% | |
| Angel One Limited | Capital Markets | 0.08% | +8.8% | |
| Central Depository Services (India) Limited | Capital Markets | 0.08% | +2.3% | |
| Bank of Baroda · Certificate of deposit | IND A1+ | 0.07% | ||
| Hindustan Zinc Limited | Non - Ferrous Metals | 0.07% | −13.6% | |
| Torrent Pharmaceuticals Limited | Pharmaceuticals & Biotechnology | 0.07% | 0.0% | |
| Laurus Labs Limited | Pharmaceuticals & Biotechnology | 0.07% | 0.0% | |
| Inox Wind Limited | Electrical Equipment | 0.06% | −11.1% | |
| JSW Energy Limited | Power | 0.06% | 0.0% | |
| Federal Bank Limited | Banks | 0.06% | +19.1% | |
| Lupin Limited | Pharmaceuticals & Biotechnology | 0.06% | 0.0% | |
| Dabur India Limited | Personal Products | 0.05% | −54.3% | |
| SBI Cards and Payment Services Limited | Finance | 0.05% | New | |
| Samvardhana Motherson International Limited | Auto Components | 0.05% | 0.0% | |
| National Aluminium Co Limited | Non - Ferrous Metals | 0.04% | New | |
| Oil India Limited | Oil | 0.04% | +206.7% | |
| Mphasis Limited | IT - Software | 0.04% | +2300.0% | |
| Bank Of Maharashtra | Banks | 0.04% | 0.0% | |
| PG Electroplast Limited | Consumer Durables | 0.04% | +112.5% | |
| Tata Consultancy Services Limited | IT - Software | 0.04% | 0.0% | |
| ICICI Lombard General Insurance Co Limited | Insurance | 0.04% | 0.0% | |
| Bajaj Finserv Limited | Finance | 0.04% | −41.5% | |
| Zydus Lifesciences Limited | Pharmaceuticals & Biotechnology | 0.03% | +144.4% | |
| Ather Energy Limited | Automobiles | 0.03% | New | |
| SBI Life Insurance Co Limited | Insurance | 0.03% | −50.7% | |
| Avenue Supermarts Limited | Retailing | 0.03% | New | |
| Supreme Industries Limited | Industrial Products | 0.03% | 0.0% | |
| Siemens Energy India Limited | Electrical Equipment | 0.03% | New | |
| Vedanta Limited | Diversified Metals | 0.03% | +69.4% | |
| Nestle India Limited | Food Products | 0.03% | +1600.0% | |
| Power Grid Corporation of India Limited | Power | 0.03% | 0.0% | |
| United Spirits Limited | Beverages | 0.03% | 0.0% | |
| Radico Khaitan Limited | Beverages | 0.03% | +3400.0% | |
| Bharat Petroleum Corporation Limited | Petroleum Products | 0.02% | 0.0% | |
| GAIL (India) Limited | Gas | 0.02% | New | |
| Delhivery Limited | Transport Services | 0.02% | +75.0% | |
| Voltas Limited | Consumer Durables | 0.02% | New | |
| Petronet LNG Limited | Gas | 0.02% | New | |
| Computer Age Management Services Limited | Capital Markets | 0.02% | +31.3% | |
| Jindal Steel Limited | Ferrous Metals | 0.02% | +25.0% | |
| Eternal Limited | Retailing | 0.02% | New | |
| KEI Industries Limited | Industrial Products | 0.02% | New | |
| Bajaj Auto Limited | Automobiles | 0.02% | +80.0% | |
| One 97 Communications Limited | Financial Technology (Fintech) | 0.02% | −92.4% | |
| Suzlon Energy Limited | Electrical Equipment | 0.01% | +150.0% | |
| Havells India Limited | Consumer Durables | 0.01% | 0.0% | |
| DLF Limited | Realty | 0.01% | −96.5% | |
| Pidilite Industries Limited | Chemicals & Petrochemicals | 0.01% | New | |
| Solar Industries India Limited | Chemicals & Petrochemicals | 0.01% | +12.5% | |
| Bharat Forge Limited | Auto Components | 0.01% | +400.0% | |
| Alkem Laboratories Limited | Pharmaceuticals & Biotechnology | 0.01% | +100.0% | |
| ICICI Prudential Life Insurance Co Limited | Insurance | 0.01% | −93.3% | |
| Page Industries Limited | Textiles & Apparels | 0.01% | New | |
| Tube Investments of India Limited | Auto Components | 0.01% | New | |
| CG Power and Industrial Solutions Limited | Electrical Equipment | 0.00% | −98.3% | |
| Hindustan Petroleum Corporation Limited | Petroleum Products | 0.00% | −97.9% | |
| Colgate Palmolive (India) Limited | Personal Products | 0.00% | New | |
| Motilal Oswal Financial Services Limited | Capital Markets | 0.00% | 0.0% | |
| Rail Vikas Nigam Limited | Construction | 0.00% | New | |
| Anand Rathi Wealth Limited | Capital Markets | 0.00% | New | |
| SRF Limited | Chemicals & Petrochemicals | 0.00% | New |
All changes are between August 2026 and September 2026
| HDFC Bank Limited | Added | +1.5% | 4.76% |
|---|---|---|---|
| Reliance Industries Limited | Added | +11.9% | 4.63% |
| Vodafone Idea Limited | Reduced | −5.0% | 3.05% |
| ICICI Bank Limited | Added | +45.9% | 2.73% |
| Axis Bank Limited | Reduced | −4.9% | 2.16% |
| Bharti Airtel Limited | Reduced | −4.8% | 1.62% |
| ITC Limited | Reduced | −1.0% | 1.69% |
| Kotak Mahindra Bank Limited | Reduced | −16.4% | 1.38% |
| Punjab National Bank | Reduced | −0.1% | 1.62% |
| State Bank of India | Added | +13.2% | 1.55% |
| JSW Steel Limited | Reduced | −0.9% | 1.31% |
| Canara Bank | Added | +2.2% | 1.21% |
| Bharat Electronics Limited | Reduced | −15.6% | 0.98% |
| Bharat Heavy Electricals Limited | Reduced | −2.1% | 1.08% |
| Yes Bank Limited | Added | +0.5% | 1.03% |
| Adani Energy Solutions Limited | Added | +11.3% | 1.12% |
| Divi's Laboratories Limited | Added | +39.4% | 1.08% |
| Jio Financial Services Limited | Reduced | −3.3% | 0.92% |
| Indus Towers Limited | Reduced | −1.1% | 0.97% |
| Bajaj Finance Limited | Added | +4.1% | 0.94% |
| Mahindra & Mahindra Limited | Reduced | −38.5% | 0.52% |
| Tata Power Co Limited | Reduced | −0.3% | 0.93% |
| Hindustan Aeronautics Limited | Reduced | −8.2% | 0.78% |
| Bandhan Bank Limited | Added | +13.7% | 0.79% |
| Tata Steel Limited | Added | +7.0% | 0.78% |
| IDFC First Bank Limited | Added | +17.8% | 0.78% |
| Glenmark Pharmaceuticals Limited | Added | +4.4% | 0.74% |
| LIC Housing Finance Limited | Reduced | −1.0% | 0.70% |
| Adani Enterprises Limited | Reduced | −6.0% | 0.69% |
| Bank of Baroda | Added | +6.3% | 0.71% |
| Hindalco Industries Limited | Reduced | −5.5% | 0.59% |
| GMR Airports Limited | Reduced | −1.9% | 0.63% |
| Hindustan Unilever Limited | Reduced | −7.7% | 0.54% |
| Larsen & Toubro Limited | Reduced | −16.6% | 0.47% |
| Adani Power Limited | Added | +13.0% | 0.61% |
| NBCC (India) Limited | Added | +0.1% | 0.52% |
| Indian Hotels Co Limited | Added | +229.9% | 0.56% |
| NMDC Limited | Added | +1.9% | 0.49% |
| Cholamandalam Investment and Finance Co Limited | Reduced | −21.9% | 0.38% |
| Aditya Birla Capital Limited | Reduced | −0.8% | 0.46% |
| Ambuja Cements Limited | Sold out | −100% | was 0.50% |
| APL Apollo Tubes Limited | Added | +32.6% | 0.49% |
| Adani Ports and Special Economic Zone Limited | Reduced | −53.9% | 0.25% |
| Ashok Leyland Limited | Added | +10.1% | 0.46% |
| Godrej Properties Limited | Added | +3.9% | 0.40% |
| Manappuram Finance Limited | Added | +6.7% | 0.47% |
| HDFC Life Insurance Co Limited | Reduced | −4.4% | 0.43% |
| Crompton Greaves Consumer Electricals Limited | Added | +20.7% | 0.46% |
| Marico Limited | Added | +3.0% | 0.44% |
| Info Edge (India) Limited | Reduced | −2.0% | 0.39% |
| Tata Motors Passenger Vehicles Limited | Added | +24.9% | 0.42% |
| TVS Motor Co Limited | Reduced | −29.5% | 0.28% |
| Coal India Limited | Added | +12.7% | 0.42% |
| Power Finance Corporation Limited | Added | +24.6% | 0.39% |
| Aurobindo Pharma Limited | Added | +1.9% | 0.38% |
| Eicher Motors Limited | Added | +52.2% | 0.37% |
| Tata Consumer Products Limited | Reduced | −4.4% | 0.32% |
| DLF Limited | Reduced | −96.5% | 0.01% |
| Union Bank Of India | Reduced | −6.1% | 0.28% |
| Shriram Finance Limited | Added | +4.1% | 0.31% |
| Infosys Limited | Added | +1051.1% | 0.32% |
| Asian Paints Limited | Reduced | −10.4% | 0.26% |
| Multi Commodity Exchange Of India Limited | Added | +224.1% | 0.31% |
| AU Small Finance Bank Limited | Added | +14.0% | 0.31% |
| Life Insurance Corporation Of India | Added | +24.8% | 0.30% |
| One 97 Communications Limited | Reduced | −92.4% | 0.02% |
| Swiggy Limited | New | New | 0.28% |
| Titan Co Limited | Added | +5.2% | 0.27% |
| NTPC Limited | Reduced | −12.0% | 0.24% |
| Cummins India Limited | Added | +60.0% | 0.27% |
| Sun Pharmaceutical Industries Limited | Added | +15.4% | 0.26% |
| Cipla Limited | Added | +12.2% | 0.26% |
| Sagility Limited | Added | +807.9% | 0.26% |
| Ultratech Cement Limited | Added | +3.3% | 0.26% |
| Astral Limited | New | New | 0.24% |
| Hitachi Energy India Limited | Reduced | −18.8% | 0.17% |
| Bank of India | Reduced | −23.0% | 0.17% |
| PNB Housing Finance Limited | Added | +3.4% | 0.23% |
| Phoenix Mills Limited | Reduced | −6.8% | 0.21% |
| Indian Energy Exchange Limited | Added | +36.5% | 0.21% |
| IndusInd Bank Limited | New | New | 0.18% |
| Hero MotoCorp Limited | Reduced | −45.2% | 0.09% |
| RBL Bank Limited | Added | +24.4% | 0.18% |
| Godrej Consumer Products Limited | Reduced | −39.8% | 0.10% |
| Oil & Natural Gas Corporation Limited | Reduced | −14.0% | 0.14% |
| PB Fintech Limited | Added | +2525.0% | 0.17% |
| ICICI Prudential Life Insurance Co Limited | Reduced | −93.3% | 0.01% |
| Grasim Industries Limited | Sold out | −100% | was 0.17% |
| Container Corporation Of India Limited | Added | +1.2% | 0.14% |
| UPL Limited | Added | +0.7% | 0.16% |
| Kalyan Jewellers India Limited | Reduced | −40.2% | 0.08% |
| Fortis Healthcare Limited | Reduced | −0.8% | 0.12% |
| HDFC Asset Management Co Limited | Added | +37.3% | 0.14% |
| Maruti Suzuki India Limited | Added | +2.9% | 0.12% |
| Patanjali Foods Limited | Added | +564.7% | 0.13% |
| Coforge Limited | Added | +67.9% | 0.12% |
| Muthoot Finance Limited | Added | +31.2% | 0.11% |
| Dabur India Limited | Reduced | −54.3% | 0.05% |
| Ge Vernova T&D India Limited | Reduced | −2.4% | 0.09% |
| Indian Oil Corporation Limited | Added | +8.1% | 0.09% |
| Hindustan Zinc Limited | Reduced | −13.6% | 0.07% |
| Interglobe Aviation Limited | Added | +285.7% | 0.09% |
| Central Depository Services (India) Limited | Added | +2.3% | 0.08% |
| Bajaj Finserv Limited | Reduced | −41.5% | 0.04% |
| Angel One Limited | Added | +8.8% | 0.08% |
| Inox Wind Limited | Reduced | −11.1% | 0.06% |
| CG Power and Industrial Solutions Limited | Reduced | −98.3% | 0.00% |
| SBI Life Insurance Co Limited | Reduced | −50.7% | 0.03% |
| Federal Bank Limited | Added | +19.1% | 0.06% |
| SBI Cards and Payment Services Limited | New | New | 0.05% |
| Hindustan Petroleum Corporation Limited | Reduced | −97.9% | 0.00% |
| Tech Mahindra Limited | Sold out | −100% | was 0.05% |
| National Aluminium Co Limited | New | New | 0.04% |
| Oil India Limited | Added | +206.7% | 0.04% |
| Mphasis Limited | Added | +2300.0% | 0.04% |
| PG Electroplast Limited | Added | +112.5% | 0.04% |
| Zydus Lifesciences Limited | Added | +144.4% | 0.03% |
| Ather Energy Limited | New | New | 0.03% |
| Avenue Supermarts Limited | New | New | 0.03% |
| Siemens Energy India Limited | New | New | 0.03% |
| Vedanta Limited | Added | +69.4% | 0.03% |
| Nestle India Limited | Added | +1600.0% | 0.03% |
| Radico Khaitan Limited | Added | +3400.0% | 0.03% |
| GAIL (India) Limited | New | New | 0.02% |
| Delhivery Limited | Added | +75.0% | 0.02% |
| Voltas Limited | New | New | 0.02% |
| Petronet LNG Limited | New | New | 0.02% |
| Computer Age Management Services Limited | Added | +31.3% | 0.02% |
| Jindal Steel Limited | Added | +25.0% | 0.02% |
| Eternal Limited | New | New | 0.02% |
| KEI Industries Limited | New | New | 0.02% |
| Bajaj Auto Limited | Added | +80.0% | 0.02% |
| Uno Minda Limited | Sold out | −100% | was 0.02% |
| Suzlon Energy Limited | Added | +150.0% | 0.01% |
| Pidilite Industries Limited | New | New | 0.01% |
| Solar Industries India Limited | Added | +12.5% | 0.01% |
| Bharat Forge Limited | Added | +400.0% | 0.01% |
| Alkem Laboratories Limited | Added | +100.0% | 0.01% |
| Page Industries Limited | New | New | 0.01% |
| Tube Investments of India Limited | New | New | 0.01% |
| Nippon Life India Asset Management Limited | Sold out | −100% | was 0.01% |
| Colgate Palmolive (India) Limited | New | New | 0.00% |
| Rail Vikas Nigam Limited | New | New | 0.00% |
| Anand Rathi Wealth Limited | New | New | 0.00% |
| SRF Limited | New | New | 0.00% |
| BSE Limited | Sold out | −100% | was 0.00% |
| Indian Bank | 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 | 53.8% | 155 | Compare |
| Edelweiss Arbitrage FundArbitrage · Edelweiss | 51.6% | 157 | Compare |
| Tata Arbitrage FundArbitrage · Tata | 50.8% | 149 | Compare |
| Axis Arbitrage FundArbitrage · Axis | 50.7% | 149 | Compare |
| ICICI Prudential Arbitrage FundArbitrage · ICICI Prudential | 50.4% | 158 | Compare |
| Aditya Birla Sun Life Arbitrage FundArbitrage · Aditya Birla Sun Life | 50.1% | 161 | Compare |
| Bandhan Arbitrage FundArbitrage · Bandhan | 49.7% | 139 | Compare |
| UTI - Arbitrage FundArbitrage · UTI | 49.6% | 141 | 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 | ₹16.985 | 30-10-2026 |
| direct | IDCW | ₹12.821 | 30-10-2026 |
| direct | Monthly IDCW | ₹13.28 | 30-10-2026 |
| regular | Growth | ₹16.084 | 30-10-2026 |
| regular | IDCW | ₹12.161 | 30-10-2026 |
| regular | Monthly IDCW | ₹11.849 | 30-10-2026 |
DSP Arbitrage fund is a mutual fund from DSP Mutual Fund. Its category is Arbitrage. It was launched on 25-01-2018. Its benchmark is Nifty 50 Arbitrage Index. At the end of September 2026 it held 187 securities.
Kaivalya Nadkarni
Fund manager of DSP Arbitrage fund, since 01-10-2024
Karan Mundhra
Fund manager of DSP Arbitrage fund, since 01-08-2024
See all funds of DSP 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 ₹16.985. The Regular plan NAV is ₹16.084, as on 30-10-2026.
The Direct plan returned +6.49% in 1 year, +7.18% a year over 3 years, +6.68% a year over 5 years. The Regular plan returned +5.79% in 1 year, +6.48% a year over 3 years, +6.00% a year over 5 years. These figures are as on 30-10-2026.
The Direct plan charges 1.17% a year. The Regular plan charges 1.81% a year. This is the figure the fund house reported to AMFI, in force from 22-10-2026.
DSP Arbitrage fund managed ₹6,720.03 Cr on 30-09-2026, as its fund house reported in its monthly portfolio.
At the end of September 2026 the largest holdings were DSP Money Market Fund (10.96%), HDFCBANK (4.76%), RELIANCE (4.63%), IDEA (3.05%), Bank of Baroda (2.89%). The fund held 187 securities in all.
It bought 20 new stocks: Astral Limited, Swiggy Limited, SBI Cards and Payment Services Limited, IndusInd Bank Limited, Ather Energy Limited. It sold out of 7: Grasim Industries Limited, Ambuja Cements Limited, BSE Limited, Nippon Life India Asset Management Limited, Uno Minda Limited. It added shares in 71. It reduced 49.
Through DSP 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 ₹100. You can invest once or through a monthly SIP.
Kaivalya Nadkarni (since 01-10-2024), Karan Mundhra (since 01-08-2024).
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.
Track DSP Arbitrage fund in WealthGamma
Add this fund once. WealthGamma updates its value every day and shows it next to your stocks, gold, deposits and loans.
PAN not required · No broker linking · No OTPs