Groww Arbitrage Fund is an Arbitrage fund run by Groww Mutual Fund. On 30-09-2026, it managed ₹70 Cr of investors' money.
NAV on 30-10-2026: Direct Plan Growth ₹10.31 (up 0.12% that day); Regular Plan Growth ₹10.27 (up 0.12% 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) | +0.60% | +1.45% | +3.08% | -- | -- | -- | -- |
| This fund (Regular) | +0.54% | +1.26% | +2.71% | -- | -- | -- | -- |
| Arbitrage average | +0.56% | +1.52% | +3.20% | -- | -- | -- | -- |
| Best in Arbitrage | +0.73% | +1.71% | +3.63% | -- | -- | -- | -- |
| Worst in Arbitrage | +0.45% | +1.28% | +2.60% | -- | -- | -- | -- |
| Rank in Arbitrage | 8/39 | 33/38 | 32/38 | -- | -- | -- | -- |
Category rows compare the Direct plans of 39 Arbitrage funds. Rank 1 is the highest return. This fund's benchmark is Nifty 50 Arbitrage TRI. Returns of that index are not available to us, so the category average is the comparison.
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 |
| Groww Arbitrage Fund | -- | 70 | 1.86% | -- | -- | -- | -- | -- | -- |
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 09-10-2026
| Plan | Base expense ratio | Brokerage | Transaction costs | Levies and GST | Total expense ratio | Arbitrage median | Cost rank (1 = cheapest) |
|---|---|---|---|---|---|---|---|
| Direct | 0.21% | 0.14% | 0.06% | 1.45% | 1.86% | 1.45% | 32/39 |
| Regular | 0.83% | 0.14% | 0.06% | 1.53% | 2.56% | 2.08% | 32/38 |
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.
Asset allocation as on 30-09-2026
73.1%Equity
| Asset | Fund | Category |
|---|---|---|
| Equity | 73.1% | 71.6% |
| Cash and others | 26.9% | 19.5% |
| Market cap | Fund | Category |
|---|---|---|
| Large Cap | 63.5% | 54.0% |
| Mid Cap | 8.3% | 14.1% |
| Small Cap | 1.3% | 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.
Sector allocation of the fund's stocks as on 30-09-2026
Banks29.9%
Petroleum Products6.9%
Insurance6.8%
Pharmaceuticals & Biotechnology5.0%
Finance4.5%
Chemicals & Petrochemicals4.2%
Telecom - Services3.1%
Ferrous Metals2.8%
Transport Infrastructure1.5%
Diversified FMCG1.4%
The ten largest of 23 sectors. The other 13 add up to 6.9%.
| Sector | July 2026 | August 2026 | September 2026 | Change |
|---|---|---|---|---|
| Banks | 33.3% | 41.5% | 29.9% | −3.4% |
| Petroleum Products | 7.9% | 4.0% | 6.9% | −1.0% |
| Insurance | 1.4% | 0.5% | 6.8% | +5.4% |
| Pharmaceuticals & Biotechnology | 0.1% | 0.9% | 5.0% | +4.9% |
| Finance | 2.8% | -- | 4.5% | +1.7% |
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 · 41 holdings · from the fund house's monthly portfolio
| Holdings | Sector | Weight% | Holdings trend | 1M change |
|---|---|---|---|---|
| Groww Mutual Fund | 22.19% | |||
| ICICI Bank Limited | Banks | 8.50% | +60.0% | |
| Reliance Industries Limited | Petroleum Products | 6.90% | +52.8% | |
| Life Insurance Corporation Of India | Insurance | 6.75% | New | |
| HDFC Bank Limited | Banks | 6.35% | −27.8% | |
| Canara Bank | Banks | 5.79% | −36.7% | |
| Divi's Laboratories Limited | Pharmaceuticals & Biotechnology | 4.94% | New | |
| Solar Industries India Limited | Chemicals & Petrochemicals | 4.24% | New | |
| The Federal Bank Limited | Banks | 3.76% | New | |
| Tata Steel Limited | Ferrous Metals | 2.84% | +77.3% | |
| Bajaj Finance Limited | Finance | 2.38% | New | |
| Indus Towers Limited | Telecom - Services | 2.28% | 0.0% | |
| Power Finance Corporation Limited | Finance | 2.01% | New | |
| Adani Port & Special Economic Zone Ltd | Transport Infrastructure | 1.47% | New | |
| Yes Bank Ltd | Banks | 1.40% | 0.0% | |
| ITC Limited | Diversified FMCG | 1.30% | −60.0% | |
| IDFC First Bank Limited | Banks | 1.19% | New | |
| Bank of Baroda | Banks | 1.07% | New | |
| Bharat Forge Limited | Auto Components | 0.97% | New | |
| Kotak Mahindra Bank Limited | Banks | 0.96% | −74.2% | |
| Sagility Limited | IT - Services | 0.88% | New | |
| Varun Beverages Limited | Beverages | 0.87% | +266.7% | |
| Bharti Airtel Limited | Telecom - Services | 0.84% | −90.4% | |
| Tata Consumer Products Limited | Agricultural Food & other Products | 0.75% | New | |
| Hindalco Industries Limited | Non - Ferrous Metals | 0.66% | −81.6% | |
| State Bank of India | Banks | 0.52% | −93.7% | |
| TVS Motor Company Limited | Automobiles | 0.52% | −91.2% | |
| Adani Enterprises Limited | Metals & Minerals Trading | 0.52% | New | |
| Crompton Greaves Consumer Electrical Ltd | Consumer Durables | 0.39% | +200.0% | |
| IndusInd Bank Limited | Banks | 0.36% | 0.0% | |
| Multi Commodity Exchange of India Ltd. | Capital Markets | 0.32% | New | |
| Hindustan Aeronautics Limited | Aerospace & Defense | 0.30% | New | |
| UltraTech Cement Limited | Cement & Cement Products | 0.24% | New | |
| Mahindra & Mahindra Limited | Automobiles | 0.17% | New | |
| JSW Energy Limited | Power | 0.15% | 0.0% | |
| Sun Pharmaceutical Industries Limited | Pharmaceuticals & Biotechnology | 0.09% | New | |
| HDFC Life Insurance Company Limited | Insurance | 0.08% | New | |
| Hindustan Unilever Limited | Diversified FMCG | 0.08% | −85.7% | |
| Container Corporation of India Limited | Transport Services | 0.08% | New | |
| Bajaj Finserv Limited | Finance | 0.07% | New | |
| Voltas Limited | Consumer Durables | 0.06% | New |
All changes are between August 2026 and September 2026
| ICICI Bank Limited | Added | +60.0% | 8.50% |
|---|---|---|---|
| Canara Bank | Reduced | −36.7% | 5.79% |
| Axis Bank Limited | Sold out | −100% | was 7.55% |
| Bharti Airtel Limited | Reduced | −90.4% | 0.84% |
| State Bank of India | Reduced | −93.7% | 0.52% |
| HDFC Bank Limited | Reduced | −27.8% | 6.35% |
| Reliance Industries Limited | Added | +52.8% | 6.90% |
| Life Insurance Corporation Of India | New | New | 6.75% |
| TVS Motor Company Limited | Reduced | −91.2% | 0.52% |
| Divi's Laboratories Limited | New | New | 4.94% |
| Solar Industries India Limited | New | New | 4.24% |
| The Federal Bank Limited | New | New | 3.76% |
| Hindalco Industries Limited | Reduced | −81.6% | 0.66% |
| Kotak Mahindra Bank Limited | Reduced | −74.2% | 0.96% |
| Tata Steel Limited | Added | +77.3% | 2.84% |
| ITC Limited | Reduced | −60.0% | 1.30% |
| Bajaj Finance Limited | New | New | 2.38% |
| Coal India Limited | Sold out | −100% | was 2.20% |
| Power Finance Corporation Limited | New | New | 2.01% |
| Punjab National Bank | Sold out | −100% | was 1.52% |
| Adani Port & Special Economic Zone Ltd | New | New | 1.47% |
| IDFC First Bank Limited | New | New | 1.19% |
| Bank of Baroda | New | New | 1.07% |
| Bharat Forge Limited | New | New | 0.97% |
| Tata Motors Passenger Vehicles Limited | Sold out | −100% | was 0.88% |
| Sagility Limited | New | New | 0.88% |
| Zydus Lifesciences Limited | Sold out | −100% | was 0.87% |
| Varun Beverages Limited | Added | +266.7% | 0.87% |
| Tata Consumer Products Limited | New | New | 0.75% |
| GAIL (India) Limited | Sold out | −100% | was 0.68% |
| SBI Life Insurance Company Limited | Sold out | −100% | was 0.54% |
| Adani Enterprises Limited | New | New | 0.52% |
| Hindustan Unilever Limited | Reduced | −85.7% | 0.08% |
| SRF Limited | Sold out | −100% | was 0.43% |
| Crompton Greaves Consumer Electrical Ltd | Added | +200.0% | 0.39% |
| Multi Commodity Exchange of India Ltd. | New | New | 0.32% |
| JSW Steel Limited | Sold out | −100% | was 0.32% |
| Hindustan Aeronautics Limited | New | New | 0.30% |
| Dabur India Limited | Sold out | −100% | was 0.28% |
| Fortis Healthcare Limited | Sold out | −100% | was 0.25% |
| UltraTech Cement Limited | New | New | 0.24% |
| Hero MotoCorp Limited | Sold out | −100% | was 0.19% |
| Mahindra & Mahindra Limited | New | New | 0.17% |
| United Spirits Limited | Sold out | −100% | was 0.14% |
| Apollo Hospitals Enterprise Limited | Sold out | −100% | was 0.13% |
| Sun Pharmaceutical Industries Limited | New | New | 0.09% |
| HDFC Life Insurance Company Limited | New | New | 0.08% |
| Container Corporation of India Limited | New | New | 0.08% |
| Bajaj Finserv Limited | New | New | 0.07% |
| Voltas Limited | New | New | 0.06% |
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 | |
|---|---|---|---|
| JioBlackRock Arbitrage FundArbitrage · Jio BlackRock | 42.5% | 36 | Compare |
| Helios Arbitrage FundArbitrage · Helios | 35.9% | 15 | Compare |
| Bajaj Finserv Large Cap FundLarge Cap · Bajaj Finserv | 35.0% | 11 | Compare |
| SBI BSE 100 ETFETF · SBI | 35.0% | 31 | Compare |
| Bajaj Finserv Arbitrage FundArbitrage · Bajaj Finserv | 35.0% | 36 | Compare |
| Old Bridge Arbitrage FundArbitrage · Old Bridge | 34.3% | 33 | Compare |
| Bandhan Nifty 100 Index FundIndex · Bandhan | 34.3% | 27 | Compare |
| JioBlackRock Large Cap FundLarge Cap · Jio BlackRock | 34.3% | 22 | 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 | Income Distribution Cum Capital Withdrawal | ₹10.312 | 30-10-2026 |
| direct | Growth | ₹10.312 | 30-10-2026 |
| regular | Income Distribution Cum Capital Withdrawal | ₹10.2741 | 30-10-2026 |
| regular | Growth | ₹10.2741 | 30-10-2026 |
Groww Arbitrage Fund is a mutual fund from Groww Mutual Fund. Its category is Arbitrage. It was launched on 28-04-2026. Its benchmark is Nifty 50 Arbitrage TRI. At the end of September 2026 it held 41 securities.
Paras Matalia
Fund manager of Groww Arbitrage Fund, since 28-04-2026
Shashi Kumar
Fund manager of Groww Arbitrage Fund, since 28-04-2026
Wilfred Gonsalves
Fund manager of Groww Arbitrage Fund, since 28-04-2026
See all funds of Groww 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 ₹10.312. The Regular plan NAV is ₹10.2741, as on 30-10-2026.
The Direct plan charges 1.86% a year. The Regular plan charges 2.56% a year. This is the figure the fund house reported to AMFI, in force from 09-10-2026.
Groww Arbitrage Fund managed ₹69.63 Cr on 30-09-2026, as its fund house reported in its monthly portfolio.
At the end of September 2026 the largest holdings were Groww Mutual Fund (22.19%), ICICIBANK (8.50%), RELIANCE (6.90%), LICI (6.75%), HDFCBANK (6.35%). The fund held 41 securities in all.
It bought 22 new stocks: Bank of Baroda, Sun Pharmaceutical Industries Limited, Hindustan Aeronautics Limited, IDFC First Bank Limited, Life Insurance Corporation Of India. It sold out of 14: Zydus Lifesciences Limited, Dabur India Limited, JSW Steel Limited, Fortis Healthcare Limited, SBI Life Insurance Company Limited. It added shares in 5. It reduced 9.
Through Groww 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.
Paras Matalia (since 28-04-2026), Shashi Kumar (since 28-04-2026), Wilfred Gonsalves (since 28-04-2026).
• 0.25% if redeemed within 30 Days from thedate of allotment. • Nil - if redeemed after 30 Days from the dateof allotment
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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