Franklin India Arbitrage Fund

ArbitrageDirect and Regular plans, Growth and IDCW options

Data as on 30-10-2026

Franklin India Arbitrage Fund is an Arbitrage fund run by Franklin Templeton Mutual Fund. On 30-09-2026, it managed ₹1,921 Cr of investors' money. In the year to 30-10-2026, its Direct plan returned 7.1% and its Regular plan returned 6.4%.

NAV (Direct plan): ₹11.42; ▲ 0.23%30-10-2026
NAV (Regular plan): ₹11.26; ▲ 0.23%30-10-2026
Expense ratio: 1.20%Direct1.97%Regular; 1.20%; A year
Riskometer: Not available; Set by the fund house
1 year return: 7.1%Direct6.4%Regular; 7.1%; Total

Franklin India Arbitrage Fund NAV Today

NAV on 30-10-2026: Direct Plan Growth ₹11.42 (up 0.23% that day); Regular Plan Growth ₹11.26 (up 0.23% that day).

This fund (Direct plan)

₹11.4236

Franklin 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)	+0.58%	+1.71%	+3.51%	+7.13%	--	--	--
This fund (Regular)	+0.52%	+1.52%	+3.13%	+6.36%	--	--	--
Arbitrage average	+0.56%	+1.52%	+3.20%	+6.62%	--	--	--
Best in Arbitrage	+0.73%	+1.71%	+3.63%	+7.56%	--	--	--
Worst in Arbitrage	+0.45%	+1.28%	+2.60%	+5.24%	--	--	--
Rank in Arbitrage	11/39	1/38	2/38	2/33	--	--	--

Category rows compare the Direct plans of 39 Arbitrage funds. Rank 1 is the highest return. The fund house names no benchmark we can show, so the category average is the comparison.

Franklin India Arbitrage Fund Year-wise Returns

Return of each calendar year
Year	Direct	Regular
2026to date	+5.84%	+5.20%
2025	+7.19%	+6.42%

Franklin 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 1-year holding period, plotted on the day it ended. There are 233 periods, one for each trading day from 19-11-2025 to 30-10-2026.

0%2%4%6%8%

Dec 2024
to
Dec 2025Feb 2025
to
Feb 2026Apr 2025
to
Apr 2026Jun 2025
to
Jun 2026Aug 2025
to
Aug 2026Oct 2025
to
Oct 2026

Franklin India 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	233	7.0%	6.5%	7.7%	0%	6.6%	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.

Franklin India Arbitrage Fund Risk

How much it swings, and the falls an investor had to sit through

Risk and return

Measure	Franklin India Arbitrage Fund (Direct)This fund	Category average
Return (CAGR)	+7.13%	+6.61%
Standard deviation	1.42%	1.35%
Sharpe ratio	1.33	1.01
Sortino ratio	2.08	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	Franklin India Arbitrage Fund (Direct)This fund	Category average
Return (CAGR)	+7.09%	+6.70%
Standard deviation	1.17%	1.12%
Sharpe ratio	1.25	0.97
Sortino ratio	1.93	1.46
Maximum drawdown	−0.44% (06-08-2026)	−0.45% (06-08-2026)

From daily NAVs, 19-11-2024 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.

−0.5%−0.4%−0.3%−0.2%−0.1%0%

20252026

Franklin 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
Franklin India Arbitrage Fund (Direct)	−0.44%	03-08-2026	06-08-2026	24-08-2026	18 days	0.0%
Category average	−0.45%	03-08-2026	06-08-2026	24-08-2026	18 days	−0.04%

From the Direct plan's daily NAV since 19-11-2024, 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.

Franklin India Arbitrage Fund vs Other Arbitrage Funds

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
Franklin India Arbitrage Fund	2/33	1,921	1.20%	+7.13%	--	--	--	--	--
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

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.

Franklin India Arbitrage Fund Expense Ratio and Costs

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	0.23%	0.10%	0.05%	0.82%	1.20%	1.45%	12/39
Regular	0.89%	0.10%	0.05%	0.93%	1.97%	2.08%	12/38

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	6.36%	7.13%	0.77%	₹1,06,360	₹1,07,130

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.

Franklin 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

Every month₹

Step up each year

PeriodFor

₹10,000 on the first trading day of every month, from 19-11-2024 to 30-10-2026: 24 instalments, ₹2,40,000 in all.

Investment	Invested	Value now	Gain	Return a year
Direct planFranklin India Arbitrage Fund (Direct)	₹2,40,000	₹2,57,663	₹17,663	7.0%
Regular planFranklin India Arbitrage Fund (Regular)	₹2,40,000	₹2,55,705	₹15,705	6.3%
Category averageCategory average, 39 Arbitrage funds	₹2,40,000	₹2,56,515	₹16,515	6.6%

₹0₹1.0 L₹2.0 L₹3.0 L

20252026

Direct planFranklin India Arbitrage Fund (Direct)Regular planFranklin 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.

Franklin India Arbitrage Fund Asset Allocation

Asset allocation as on 30-09-2026

What the fund holds

71.4%Equity

Asset	Fund	Category
Equity	71.4%	71.6%
Debt	14.5%	9.0%
Cash and others	14.1%	19.5%

Market cap of stocks

Market cap	Fund	Category
Large Cap	51.9%	54.0%
Mid Cap	17.7%	14.1%
Small Cap	1.8%	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.

Credit rating

Bonds and money market papers by credit rating, % of the fund. Category: the average of 39 Arbitrage funds.

Rating	Fund	Category
AAA and A1+	14.5%	5.8%

Franklin India Arbitrage Fund Sector Allocation

Sector allocation of the fund's stocks as on 30-09-2026

Largest sectors

Banks23.5%
Telecom - Services5.4%
Petroleum Products4.2%
Automobiles4.1%
Pharmaceuticals & Biotechnology3.0%
Finance2.8%
Retailing2.3%
Non - Ferrous Metals2.3%
Insurance2.1%
Construction2.0%

The ten largest of 42 sectors. The other 32 add up to 19.7%.

Sector changes

Sector	July 2026	August 2026	September 2026	Change
Banks	19.9%	23.1%	23.5%	+3.5%
Telecom - Services	5.0%	6.1%	5.4%	+0.4%
Petroleum Products	5.1%	3.5%	4.2%	−0.9%
Automobiles	2.2%	3.8%	4.1%	+1.9%
Pharmaceuticals & Biotechnology	2.0%	2.0%	3.0%	+1.0%

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.

Franklin India Arbitrage Fund Portfolio Holdings

As on 30-09-2026 · 144 holdings · from the fund house's monthly portfolio

Holdings	Sector / Rating	Weight%	1M change
Franklin India Money Market Fund Direct-Growth Plan	Mutual Fund	12.02%
ICICI Bank Ltd	Banks	6.04%	+36.5%
HDFC Bank Ltd	Banks	5.79%	−6.8%
Reliance Industries Ltd	Petroleum Products	4.13%	+33.7%
Axis Bank Ltd	Banks	3.37%	−3.4%
Canara Bank (30-Nov-2026) · Certificate of deposit	CRISIL A1+	2.58%
Bharti Airtel Ltd	Telecom - Services	2.55%	−4.7%
Union Bank of India (16-Mar-2027) · Certificate of deposit	ICRA A1+	2.52%
National Bank For Agriculture & Rural Development (17-Mar-2027) · Certificate of deposit	CRISIL A1+	2.52%
Vodafone Idea Ltd	Telecom - Services	2.41%	−4.9%
IDFC First Bank Ltd	Banks	2.11%	0.0%
Larsen & Toubro Ltd	Construction	1.88%	+68.1%
HDFC Life Insurance Co Ltd	Insurance	1.82%	−2.1%
Hindalco Industries Ltd	Non - Ferrous Metals	1.79%	+11.6%
State Bank of India	Banks	1.78%	0.0%
Adani Enterprises Ltd	Metals & Minerals Trading	1.44%	0.0%
Maruti Suzuki India Ltd	Automobiles	1.38%	0.0%
Bharat Electronics Ltd	Aerospace & Defense	1.33%	0.0%
Indian Bank (04-Dec-2026) · Certificate of deposit	CRISIL A1+	1.29%
Indian Bank (10-Dec-2026) · Certificate of deposit	CRISIL A1+	1.29%
HDFC Bank Ltd (14-Dec-2026) · Certificate of deposit	CARE A1+	1.28%
HDFC Bank Ltd (24-Feb-2027) · Certificate of deposit	CARE A1+	1.27%
Small Industries Development Bank of India (11-Jun-2027) · Certificate of deposit	CARE A1+	1.24%
IndusInd Bank Ltd	Banks	1.22%	+613.5%
FSN E-Commerce Ventures Ltd	Retailing	1.16%	−30.8%
Bajaj Finance Ltd	Finance	1.03%	0.0%
UPL Ltd	Fertilizers & Agrochemicals	1.00%	+415.7%
PB Fintech Ltd	Financial Technology (Fintech)	0.98%	+462.2%
Sun Pharmaceutical Industries Ltd	Pharmaceuticals & Biotechnology	0.98%	+17.9%
Marico Ltd	Agricultural Food & Other Products	0.95%	+108.6%
Mahindra & Mahindra Ltd	Automobiles	0.92%	+64.6%
Laurus Labs Ltd	Pharmaceuticals & Biotechnology	0.81%	New
Eicher Motors Ltd	Automobiles	0.75%	0.0%
Hindustan Unilever Ltd	Diversified FMCG	0.71%	0.0%
Coforge Ltd	IT - Software	0.70%	+84.1%
AU Small Finance Bank Ltd	Banks	0.70%	−25.7%
Steel Authority of India Ltd	Ferrous Metals	0.69%	0.0%
APL Apollo Tubes Ltd	Industrial Products	0.65%	+0.6%
Kotak Mahindra Bank Ltd	Banks	0.63%	0.0%
Tata Power Co Ltd	Power	0.60%	0.0%
TVS Motor Co Ltd	Automobiles	0.60%	+114.7%
Multi Commodity Exchange Of India Ltd	Capital Markets	0.58%	0.0%
Adani Ports and Special Economic Zone Ltd	Transport Infrastructure	0.58%	−9.7%
Yes Bank Ltd	Banks	0.56%	0.0%
Eternal Ltd	Retailing	0.54%	+1575.0%
Info Edge (India) Ltd	Retailing	0.53%	+45.7%
Mphasis Ltd	IT - Software	0.52%	+24.3%
One 97 Communications Ltd	Financial Technology (Fintech)	0.52%	−57.5%
Adani Power Ltd	Power	0.51%	+11.5%
Union Bank of India (12-Mar-2027) · Certificate of deposit	ICRA A1+	0.51%
Indus Towers Ltd	Telecom - Services	0.48%	0.0%
Jio Financial Services Ltd	Finance	0.44%	−6.7%
Ashok Leyland Ltd	Agricultural, Commercial & Construction Vehicles	0.43%	+9.1%
Punjab National Bank	Banks	0.41%	−51.9%
Godrej Properties Ltd	Realty	0.41%	0.0%
Aurobindo Pharma Ltd	Pharmaceuticals & Biotechnology	0.41%	+7.6%
ITC Ltd	Diversified FMCG	0.40%	+29.2%
NTPC Ltd	Power	0.40%	+0.6%
Canara Bank	Banks	0.35%	0.0%
Bajaj Finserv Ltd	Finance	0.34%	+78.9%
Oil & Natural Gas Corporation Ltd	Oil	0.33%	−13.1%
JSW Steel Ltd	Ferrous Metals	0.33%	0.0%
Hindustan Zinc Ltd	Non - Ferrous Metals	0.33%	0.0%
Vedanta Ltd	Diversified Metals	0.30%	−13.7%
Bank of Baroda	Banks	0.29%	+720.0%
Coal India Ltd	Consumable Fuels	0.29%	0.0%
Indian Hotels Co Ltd	Leisure Services	0.28%	0.0%
Manappuram Finance Ltd	Finance	0.27%	+1.9%
Glenmark Pharmaceuticals Ltd	Pharmaceuticals & Biotechnology	0.26%	+222.2%
Ather Energy Ltd	Automobiles	0.26%	New
Cipla Ltd	Pharmaceuticals & Biotechnology	0.24%	+19.1%
Ultratech Cement Ltd	Cement & Cement Products	0.24%	0.0%
Solar Industries India Ltd	Chemicals & Petrochemicals	0.23%	0.0%
United Spirits Ltd	Beverages	0.23%	0.0%
Astral Ltd	Industrial Products	0.22%	New
Apollo Hospitals Enterprise Ltd	Healthcare Services	0.22%	0.0%
GAIL (India) Ltd	Gas	0.20%	New
Varun Beverages Ltd	Beverages	0.20%	−42.1%
Bandhan Bank Ltd	Banks	0.20%	0.0%
Franklin India Liquid Fund Direct-Growth Plan	Mutual Fund	0.20%
Tata Motors Passenger Vehicles Ltd	Automobiles	0.19%	0.0%
Infosys Ltd	IT - Software	0.18%	+18.7%
Computer Age Management Services Ltd	Capital Markets	0.18%	−10.0%
Adani Green Energy Ltd	Power	0.18%	0.0%
ICICI Prudential Life Insurance Co Ltd	Insurance	0.17%	−25.9%
Patanjali Foods Ltd	Agricultural Food & other Products	0.17%	+320.0%
Shriram Finance Ltd	Finance	0.17%	−9.1%
Angel One Ltd	Capital Markets	0.17%	−75.1%
NMDC Ltd	Minerals & Mining	0.16%	0.0%
PNB Housing Finance Ltd	Finance	0.16%	0.0%
Container Corporation Of India Ltd	Transport Services	0.16%	−32.1%
Bharat Heavy Electricals Ltd	Electrical Equipment	0.16%	0.0%
National Aluminium Co Ltd	Non - Ferrous Metals	0.16%	−24.2%
Adani Energy Solutions Ltd	Power	0.13%	0.0%
Nestle India Ltd	Food Products	0.13%	+56.0%
Samvardhana Motherson International Ltd	Auto Components	0.13%	−11.1%
NBCC (India) Ltd	Construction	0.12%	0.0%
Motilal Oswal Financial Services Ltd	Capital Markets	0.12%	0.0%
Jubilant Foodworks Ltd	Leisure Services	0.11%	−11.6%
Power Finance Corporation Ltd	Finance	0.11%	+37.8%
Ambuja Cements Ltd	Cement & Cement Products	0.11%	0.0%
Lupin Ltd	Pharmaceuticals & Biotechnology	0.11%	+71.4%
Divi's Laboratories Ltd	Pharmaceuticals & Biotechnology	0.11%	0.0%
Titan Co Ltd	Consumer Durables	0.10%	New
Swiggy Ltd	Retailing	0.10%	New
SBI Life Insurance Co Ltd	Insurance	0.09%	−75.5%
Power Grid Corporation of India Ltd	Power	0.09%	−30.6%
Kalyan Jewellers India Ltd	Consumer Durables	0.09%	0.0%
SBI Cards and Payment Services Ltd	Finance	0.08%	0.0%
Ge Vernova T&D India Ltd	Electrical Equipment	0.08%	New
Sagility Ltd	IT - Services	0.08%	0.0%
Cummins India Ltd	Industrial Products	0.08%	New
KPIT Technologies Ltd	IT - Software	0.07%	−36.4%
L&T Finance Ltd	Finance	0.07%	New
Biocon Ltd	Pharmaceuticals & Biotechnology	0.07%	0.0%
LIC Housing Finance Ltd	Finance	0.07%	0.0%
Tata Steel Ltd	Ferrous Metals	0.07%	+733.3%
Dabur India Ltd	Personal Products	0.06%	−3.7%
Crompton Greaves Consumer Electricals Ltd	Consumer Durables	0.05%	0.0%
Grasim Industries Ltd	Cement & Cement Products	0.04%	0.0%
Indian Oil Corporation Ltd	Petroleum Products	0.04%	0.0%
Cholamandalam Investment and Finance Co Ltd	Finance	0.04%	0.0%
Interglobe Aviation Ltd	Transport Services	0.04%	0.0%
BSE Ltd	Capital Markets	0.03%	0.0%
Bank of India	Banks	0.03%	0.0%
JSW Energy Ltd	Power	0.03%	0.0%
Indian Energy Exchange Ltd	Capital Markets	0.03%	0.0%
Pidilite Industries Ltd	Chemicals & Petrochemicals	0.03%	−75.0%
Bharat Petroleum Corporation Ltd	Petroleum Products	0.02%	−20.0%
Hitachi Energy India Ltd	Electrical Equipment	0.02%	−50.0%
360 One Wam Ltd	Capital Markets	0.02%	New
HDFC Asset Management Co Ltd	Capital Markets	0.02%	0.0%
ICICI Lombard General Insurance Co Ltd	Insurance	0.02%	−97.9%
Tata Consumer Products Ltd	Agricultural Food & Other Products	0.01%	0.0%
Colgate Palmolive (India) Ltd	Personal Products	0.01%	−91.7%
Federal Bank Ltd	Banks	0.01%	0.0%
Hindustan Aeronautics Ltd	Aerospace & Defense	0.01%	0.0%
Radico Khaitan Ltd	Beverages	0.01%	New
Max Healthcare Institute Ltd	Healthcare Services	0.01%	−81.8%
Bajaj Auto Ltd	Automobiles	0.00%	−97.8%
Hindustan Petroleum Corporation Ltd	Petroleum Products	0.00%	−75.0%
Amber Enterprises India Ltd	Consumer Durables	0.00%	−95.2%
Fortis Healthcare Ltd	Healthcare Services	0.00%	−80.0%
Life Insurance Corporation Of India	Insurance	0.00%	0.0%

Franklin India Arbitrage Fund Stocks Bought and Sold

All changes are between August 2026 and September 2026

Stocks bought and sold in September 2026

HDFC Bank Ltd	Reduced	−6.8%	5.79%
ICICI Bank Ltd	Added	+36.5%	6.04%
Reliance Industries Ltd	Added	+33.7%	4.13%
Axis Bank Ltd	Reduced	−3.4%	3.37%
Vodafone Idea Ltd	Reduced	−4.9%	2.41%
Bharti Airtel Ltd	Reduced	−4.7%	2.55%
HDFC Life Insurance Co Ltd	Reduced	−2.1%	1.82%
Larsen & Toubro Ltd	Added	+68.1%	1.88%
FSN E-Commerce Ventures Ltd	Reduced	−30.8%	1.16%
Hindalco Industries Ltd	Added	+11.6%	1.79%
One 97 Communications Ltd	Reduced	−57.5%	0.52%
IndusInd Bank Ltd	Added	+613.5%	1.22%
AU Small Finance Bank Ltd	Reduced	−25.7%	0.70%
UPL Ltd	Added	+415.7%	1.00%
PB Fintech Ltd	Added	+462.2%	0.98%
Sun Pharmaceutical Industries Ltd	Added	+17.9%	0.98%
Marico Ltd	Added	+108.6%	0.95%
Mahindra & Mahindra Ltd	Added	+64.6%	0.92%
Punjab National Bank	Reduced	−51.9%	0.41%
Laurus Labs Ltd	New	New	0.81%
ICICI Lombard General Insurance Co Ltd	Reduced	−97.9%	0.02%
Angel One Ltd	Reduced	−75.1%	0.17%
Coforge Ltd	Added	+84.1%	0.70%
APL Apollo Tubes Ltd	Added	+0.6%	0.65%
TVS Motor Co Ltd	Added	+114.7%	0.60%
Adani Ports and Special Economic Zone Ltd	Reduced	−9.7%	0.58%
Eternal Ltd	Added	+1575.0%	0.54%
Info Edge (India) Ltd	Added	+45.7%	0.53%
Jio Financial Services Ltd	Reduced	−6.7%	0.44%
Mphasis Ltd	Added	+24.3%	0.52%
Adani Power Ltd	Added	+11.5%	0.51%
Ashok Leyland Ltd	Added	+9.1%	0.43%
Aurobindo Pharma Ltd	Added	+7.6%	0.41%
NTPC Ltd	Added	+0.6%	0.40%
Oil & Natural Gas Corporation Ltd	Reduced	−13.1%	0.33%
ITC Ltd	Added	+29.2%	0.40%
Vedanta Ltd	Reduced	−13.7%	0.30%
SBI Life Insurance Co Ltd	Reduced	−75.5%	0.09%
Bajaj Finserv Ltd	Added	+78.9%	0.34%
Varun Beverages Ltd	Reduced	−42.1%	0.20%
Tata Consultancy Services Ltd	Sold out	−100%	was 0.32%
Bank of Baroda	Added	+720.0%	0.29%
Manappuram Finance Ltd	Added	+1.9%	0.27%
Container Corporation Of India Ltd	Reduced	−32.1%	0.16%
ICICI Prudential Life Insurance Co Ltd	Reduced	−25.9%	0.17%
Glenmark Pharmaceuticals Ltd	Added	+222.2%	0.26%
Ather Energy Ltd	New	New	0.26%
Cipla Ltd	Added	+19.1%	0.24%
Computer Age Management Services Ltd	Reduced	−10.0%	0.18%
National Aluminium Co Ltd	Reduced	−24.2%	0.16%
Bajaj Auto Ltd	Reduced	−97.8%	0.00%
Astral Ltd	New	New	0.22%
Shriram Finance Ltd	Reduced	−9.1%	0.17%
GAIL (India) Ltd	New	New	0.20%
Infosys Ltd	Added	+18.7%	0.18%
Patanjali Foods Ltd	Added	+320.0%	0.17%
Samvardhana Motherson International Ltd	Reduced	−11.1%	0.13%
Jubilant Foodworks Ltd	Reduced	−11.6%	0.11%
Nestle India Ltd	Added	+56.0%	0.13%
Colgate Palmolive (India) Ltd	Reduced	−91.7%	0.01%
KPIT Technologies Ltd	Reduced	−36.4%	0.07%
Power Grid Corporation of India Ltd	Reduced	−30.6%	0.09%
Pidilite Industries Ltd	Reduced	−75.0%	0.03%
Power Finance Corporation Ltd	Added	+37.8%	0.11%
Mankind Pharma Ltd	Sold out	−100%	was 0.11%
Lupin Ltd	Added	+71.4%	0.11%
Titan Co Ltd	New	New	0.10%
Swiggy Ltd	New	New	0.10%
Amber Enterprises India Ltd	Reduced	−95.2%	0.00%
Ge Vernova T&D India Ltd	New	New	0.08%
Cummins India Ltd	New	New	0.08%
L&T Finance Ltd	New	New	0.07%
Dabur India Ltd	Reduced	−3.7%	0.06%
Tata Steel Ltd	Added	+733.3%	0.07%
Nippon Life India Asset Management Ltd	Sold out	−100%	was 0.06%
Hitachi Energy India Ltd	Reduced	−50.0%	0.02%
Asian Paints Ltd	Sold out	−100%	was 0.04%
Bharat Petroleum Corporation Ltd	Reduced	−20.0%	0.02%
Max Healthcare Institute Ltd	Reduced	−81.8%	0.01%
Mazagon Dock Shipbuilders Ltd	Sold out	−100%	was 0.03%
360 One Wam Ltd	New	New	0.02%
Fortis Healthcare Ltd	Reduced	−80.0%	0.00%
Hero MotoCorp Ltd	Sold out	−100%	was 0.02%
Hindustan Petroleum Corporation Ltd	Reduced	−75.0%	0.00%
Vishal Mega Mart Ltd	Sold out	−100%	was 0.01%
Supreme Industries Ltd	Sold out	−100%	was 0.01%
Cochin Shipyard Ltd	Sold out	−100%	was 0.01%
Radico Khaitan Ltd	New	New	0.01%
Godrej Consumer Products Ltd	Sold out	−100%	was 0.00%
Suzlon Energy Ltd	Sold out	−100%	was 0.00%

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.

What Franklin India Arbitrage Fund bought and sold

Franklin India Arbitrage Fund Portfolio Overlap

Funds with the most similar portfolios, across every fund house and category

Fund	Overlap	Holdings in common
Groww NIFTY 200 ETFETF · Groww	51.2%	120	Compare
Kotak MSCI India ETFETF · Kotak Mahindra	50.0%	102	Compare
Aditya Birla Sun Life Msci India ETFETF · Aditya Birla Sun Life	50.0%	102	Compare
DSP MSCI India ETFETF · DSP	49.9%	102	Compare
360 ONE MSCI India ETFETF · 360 ONE	49.4%	102	Compare
ICICI Prudential BSE 500 ETFETF · ICICI Prudential	48.5%	131	Compare
HDFC BSE 500 ETFETF · HDFC	48.5%	131	Compare
HDFC BSE 500 Index FundIndex · HDFC	48.5%	131	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.

Franklin India Arbitrage Fund Overview

Fund facts from the scheme summary document

Expense ratio (Direct): 1.20%
Expense ratio (Regular): 1.97%
Category: Arbitrage
Risk: Not available
Benchmark: Not available
Launch date: Not available
Minimum investment: Not available
Minimum additional investment: Not available
AUM: ₹1,920.87 Cr (30-09-2026)
Lock in: Not available
Scheme code (Direct): 153043
ISIN (Direct): INF090I01XS9
Scheme code (Regular): 153042
ISIN (Regular): INF090I01XP5
NAV history: From 19-11-2024, 1.9 years

Exit load: Not available

Tax on Franklin India Arbitrage Fund returns

Franklin 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	₹11.4236	30-10-2026
direct	IDCW	₹11.4236	30-10-2026
regular	Growth	₹11.2643	30-10-2026
regular	IDCW	₹11.2643	30-10-2026

About Franklin India Arbitrage Fund

Franklin India Arbitrage Fund is a mutual fund from Franklin Templeton Mutual Fund. Its category is Arbitrage. At the end of September 2026 it held 144 securities.

Fund Manager

Not available

See all funds of Franklin Templeton Mutual Fund

AUM change

September 2026: ₹1,920.87 Cr; +0.78% from August 2026
August 2026: ₹1,905.95 Cr; +26.63% from July 2026
July 2026: ₹1,505.08 Cr; +5.60% from June 2026

AUM moves with money invested or taken out, and with the value of what the fund holds.

Compare Franklin India Arbitrage Fund with Other Funds

Returns, risk, costs and the stocks they share, side by side

Franklin India Arbitrage vs Invesco India ArbitrageArbitrage
Franklin India Arbitrage vs Kotak ArbitrageArbitrage
Franklin India Arbitrage vs Tata ArbitrageArbitrage
Franklin India Arbitrage vs Aditya Birla Sun Life ArbitrageArbitrage
Franklin India Arbitrage vs Edelweiss ArbitrageArbitrage
Franklin India Arbitrage vs Groww NIFTY 200 ETF51.2% overlap
Franklin India Arbitrage vs Kotak MSCI India ETF50.0% overlap
Franklin India Arbitrage vs Aditya Birla Sun Life Msci India ETF50.0% overlap

Compare with any other fund

Frequently Asked Questions for Franklin India Arbitrage Fund

What is the current NAV of Franklin India Arbitrage Fund?

The Direct plan NAV is ₹11.4236. The Regular plan NAV is ₹11.2643, as on 30-10-2026.

What are the returns of Franklin India Arbitrage Fund?

The Direct plan returned +7.13% in 1 year. The Regular plan returned +6.36% in 1 year. These figures are as on 30-10-2026.

What is the expense ratio of Franklin India Arbitrage Fund?

The Direct plan charges 1.20% a year. The Regular plan charges 1.97% a year. This is the figure the fund house reported to AMFI, in force from 01-10-2026.

What is the AUM of Franklin India Arbitrage Fund?

Franklin India Arbitrage Fund managed ₹1,920.87 Cr on 30-09-2026, as its fund house reported in its monthly portfolio.

What are the top holdings of Franklin India Arbitrage Fund?

At the end of September 2026 the largest holdings were Franklin India Money Market Fund Direct-Growth Plan (12.02%), ICICIBANK (6.04%), HDFCBANK (5.79%), RELIANCE (4.13%), AXISBANK (3.37%). The fund held 144 securities in all.

What did Franklin India Arbitrage Fund buy and sell in September 2026?

It bought 11 new stocks: Astral Ltd, Swiggy Ltd, Ather Energy Ltd, GAIL (India) Ltd, Ge Vernova T&D India Ltd. It sold out of 11: Vishal Mega Mart Ltd, Asian Paints Ltd, Suzlon Energy Ltd, Godrej Consumer Products Ltd, Hero MotoCorp Ltd. It added shares in 32. It reduced 36.

How do I invest in Franklin India Arbitrage Fund?

Through Franklin Templeton 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. You can invest once or through a monthly SIP.

How does Franklin India Arbitrage Fund rank in its category?

The Direct plan ranks 2 of 33 Arbitrage funds by its 1 year return. The category average is +6.62%.

Sources: NAV and expense ratio from AMFI. Holdings from the fund house's monthly portfolio statement. Fund facts from its scheme summary document.

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.