ArbitrageDirect and Regular plans, Growth and IDCW options
Data as on 30-10-2026
Helios Arbitrage Fund is an Arbitrage fund run by Helios Mutual Fund. On 30-09-2026, it managed ₹133 Cr of investors' money.
NAV on 30-10-2026: Direct Plan Growth ₹10.36 (up 0.19% that day); Regular Plan Growth ₹10.31 (up 0.10% 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) | +0.58% | +1.37% | +2.98% | -- | -- | -- | -- |
| This fund (Regular) | +0.59% | +1.18% | +2.49% | -- | -- | -- | -- |
| 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 | 11/39 | 37/38 | 36/38 | -- | -- | -- | -- |
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 |
| Helios Arbitrage Fund | -- | 133 | 1.76% | -- | -- | -- | -- | -- | -- |
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 13-10-2026
| Plan | Base expense ratio | Brokerage | Transaction costs | Levies and GST | Total expense ratio | Arbitrage median | Cost rank (1 = cheapest) |
|---|---|---|---|---|---|---|---|
| Direct | 0.42% | 0.16% | 0.08% | 1.10% | 1.76% | 1.45% | 31/39 |
| Regular | 0.87% | 0.16% | 0.08% | 1.17% | 2.28% | 2.08% | 29/38 |
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
75.3%Equity
| Asset | Fund | Category |
|---|---|---|
| Equity | 75.3% | 71.6% |
| Debt | 21.8% | 9.0% |
| Cash and others | 2.9% | 19.5% |
| Market cap | Fund | Category |
|---|---|---|
| Large Cap | 68.6% | 54.0% |
| Mid Cap | 5.1% | 14.1% |
| Small Cap | 1.6% | 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 | 21.8% | 2.9% |
Sector allocation of the fund's stocks as on 30-09-2026
Banks31.1%
Ferrous Metals7.5%
Petroleum Products5.8%
Insurance5.6%
Automobiles4.5%
Finance4.5%
Construction3.5%
Telecom - Services2.8%
Capital Markets2.6%
Agricultural, Commercial & Construction Vehicles2.5%
The ten largest of 13 sectors. The other 3 add up to 5.0%.
| Sector | July 2026 | August 2026 | September 2026 | Change |
|---|---|---|---|---|
| Banks | 23.1% | 27.9% | 31.1% | +8.0% |
| Ferrous Metals | 4.3% | 7.5% | 7.5% | +3.2% |
| Petroleum Products | 2.9% | 2.2% | 5.8% | +2.9% |
| Insurance | -- | 5.8% | 5.6% | -- |
| Automobiles | 6.0% | 5.0% | 4.5% | −1.5% |
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.
As on 30-09-2026 · 35 holdings · from the fund house's monthly portfolio
| Holdings | Sector / Rating | Weight% | Holdings trend | 1M change |
|---|---|---|---|---|
| HDFC Bank Ltd. | Banks | 6.93% | +12.4% | |
| Reliance Industries Ltd. | Petroleum Products | 5.80% | +182.6% | |
| ICICI Bank Ltd. | Banks | 5.78% | +167.7% | |
| Axis Bank Ltd. | Banks | 5.59% | 0.0% | |
| Life Insurance Corporation of India | Insurance | 5.58% | 0.0% | |
| Tata Steel Ltd. | Ferrous Metals | 4.77% | 0.0% | |
| Eicher Motors Ltd. | Automobiles | 4.36% | 0.0% | |
| State Bank of India | Banks | 4.22% | 0.0% | |
| 364 DAY T-BILL 28.01.27 · Treasury bill | Sovereign | 3.69% | ||
| 364 DAY T-BILL 11.03.27 · Treasury bill | Sovereign | 3.67% | ||
| Canara Bank | Banks | 3.64% | 0.0% | |
| 364 DAY T-BILL 13.05.27 · Treasury bill | Sovereign | 3.63% | ||
| 364 DAY T-BILL 06.05.27 · Treasury bill | Sovereign | 3.63% | ||
| 364 DAY T-BILL 05.08.27 · Treasury bill | Sovereign | 3.58% | ||
| 364 DAY T-BILL 27.08.27 · Treasury bill | Sovereign | 3.56% | ||
| Larsen & Toubro Ltd. | Construction | 3.51% | 0.0% | |
| Jindal Steel Ltd. | Ferrous Metals | 2.72% | 0.0% | |
| Ashok Leyland Ltd. | Agricultural, Commercial & Construction Vehicles | 2.55% | 0.0% | |
| Bank of Baroda | Banks | 2.13% | 0.0% | |
| Bharti Airtel Ltd. | Telecom - Services | 1.95% | 0.0% | |
| Jio Financial Services Ltd. | Finance | 1.80% | 0.0% | |
| Hindalco Industries Ltd. | Non - Ferrous Metals | 1.74% | 0.0% | |
| Crompton Greaves Consumer Electricals Ltd. | Consumer Durables | 1.62% | 0.0% | |
| Muthoot Finance Ltd. | Finance | 1.36% | 0.0% | |
| Multi Commodity Exchange of India Ltd. | Capital Markets | 1.34% | 0.0% | |
| HDFC Asset Management Co. Ltd. | Capital Markets | 1.24% | 0.0% | |
| Cipla Ltd. | Pharmaceuticals & Biotechnology | 1.20% | 0.0% | |
| Bank of India | Banks | 1.17% | 0.0% | |
| Punjab National Bank | Banks | 0.95% | 0.0% | |
| Indus Towers Ltd. | Telecom - Services | 0.81% | 0.0% | |
| Union Bank of India | Banks | 0.68% | 0.0% | |
| Bajaj Finance Ltd. | Finance | 0.65% | 0.0% | |
| Power Finance Corporation Ltd. | Finance | 0.64% | 0.0% | |
| Asian Paints Ltd. | Consumer Durables | 0.41% | 0.0% | |
| Maruti Suzuki India Ltd. | Automobiles | 0.18% | 0.0% |
All changes are between August 2026 and September 2026
| HDFC Bank Ltd. | Added | +12.4% | 6.93% |
|---|---|---|---|
| Reliance Industries Ltd. | Added | +182.6% | 5.80% |
| ICICI Bank Ltd. | Added | +167.7% | 5.78% |
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 | |
|---|---|---|---|
| Old Bridge Arbitrage FundArbitrage · Old Bridge | 40.0% | 26 | Compare |
| LIC MF Arbitrage FundArbitrage · LIC | 38.2% | 16 | Compare |
| Bandhan Nifty 100 Index FundIndex · Bandhan | 38.1% | 23 | Compare |
| Bandhan Nifty 50 Index FundIndex · Bandhan | 37.7% | 15 | Compare |
| Tata NIFTY 50 Exchange Traded FundIndex · Tata | 37.6% | 15 | Compare |
| 360 ONE ELSS Tax Saver Nifty 50 Index FundIndex · 360 ONE | 37.6% | 15 | Compare |
| JioBlackRock Large Cap FundLarge Cap · Jio BlackRock | 37.6% | 17 | Compare |
| Motilal Oswal Nifty 100 ETFETF · Motilal Oswal | 37.6% | 23 | 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 | ₹10.36 | 30-10-2026 |
| direct | IDCW | ₹10.36 | 30-10-2026 |
| regular | Growth | ₹10.31 | 30-10-2026 |
| regular | IDCW | ₹10.32 | 30-10-2026 |
Helios Arbitrage Fund is a mutual fund from Helios Mutual Fund. Its category is Arbitrage. It was launched on 20-03-2026. Its benchmark is Nifty 50 Arbitrage TRI. At the end of September 2026 it held 35 securities.
Alok Bahl
Fund manager of Helios Arbitrage Fund, since 20-03-2026
Pratik Singh
Fund manager of Helios Arbitrage Fund, since 20-03-2026
See all funds of Helios 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 ₹10.36. The Regular plan NAV is ₹10.31, as on 30-10-2026.
The Direct plan charges 1.76% a year. The Regular plan charges 2.28% a year. This is the figure the fund house reported to AMFI, in force from 13-10-2026.
Helios Arbitrage Fund managed ₹132.95 Cr on 30-09-2026, as its fund house reported in its monthly portfolio.
At the end of September 2026 the largest holdings were HDFCBANK (6.93%), RELIANCE (5.80%), ICICIBANK (5.78%), AXISBANK (5.59%), LICI (5.58%). The fund held 35 securities in all.
It added shares in 3.
Through Helios 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.
Alok Bahl (since 20-03-2026), Pratik Singh (since 20-03-2026).
Exit load of 0.25%, if redeemed within 7 Days.
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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