Nippon India Arbitrage Fund is an Arbitrage fund run by Nippon India Mutual Fund. On 30-09-2026, it managed ₹17,216 Cr of investors' money. In the 3 years to 30-10-2026, its Direct plan returned 7.3% a year and its Regular plan returned 6.5% a year.
NAV (Direct plan)
₹31.21
▲ 0.15% · 30-10-2026
NAV (Regular plan)
₹28.62
▲ 0.14% · 30-10-2026
Expense ratio
1.35%Direct2.04%Regular
1.35%
A year
Riskometer
Not available
Set by the fund house
3 year return
7.3%Direct6.5%Regular
7.3%
A year
Nippon India Arbitrage Fund NAV Today
NAV on 30-10-2026: Direct Plan Growth ₹31.21 (up 0.15% that day); Regular Plan Growth ₹28.62 (up 0.14% that day).
This fund (Direct plan)
₹31.2108
Nippon 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)
+0.52%
+1.54%
+3.29%
+6.71%
+7.28%
+6.83%
+6.47%
This fund (Regular)
+0.47%
+1.36%
+2.93%
+5.97%
+6.54%
+6.06%
+5.74%
Arbitrage average
+0.56%
+1.52%
+3.20%
+6.62%
+7.18%
+6.68%
+6.31%
Best in Arbitrage
+0.73%
+1.71%
+3.63%
+7.56%
+7.46%
+7.14%
+6.52%
Worst in Arbitrage
+0.45%
+1.28%
+2.60%
+5.24%
+6.42%
+5.89%
+5.63%
Rank in Arbitrage
25/39
12/38
10/38
12/33
9/25
7/20
2/12
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.
Nippon India Arbitrage Fund Year-wise Returns
Return of each calendar year
Year
Direct
Regular
2026to date
+5.47%
+4.87%
2025
+6.94%
+6.21%
2024
+8.23%
+7.48%
2023
+7.85%
+7.01%
2022
+4.94%
+4.16%
2021
+4.54%
+3.84%
Nippon 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 2,666 periods, one for each trading day from 04-01-2016 to 30-10-2026.
0%2%4%6%8%10%
Nippon India Arbitrage Fund (Direct)
Category average, 39 Arbitrage funds
Nov 2013 to Nov 2016Sept 2015 to Sept 2018Jul 2017 to Jul 2020May 2019 to May 2022Mar 2021 to Mar 2024Dec 2022 to Dec 2025
Nippon India Arbitrage Fund (Direct)Category average, 39 Arbitrage funds
0%
0%
Below 0%
9%
13%
0-5%
91%
87%
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
3,153
7.0%
3.7%
10.3%
0%
6.8%
88%
2 years
2,911
7.0%
4.1%
9.6%
0%
6.7%
95%
3 years
2,666
6.9%
4.6%
9.0%
0%
6.7%
96%
5 years
2,172
6.4%
5.7%
8.1%
0%
6.1%
100%
7 years
1,683
6.3%
6.0%
7.8%
0%
6.0%
100%
10 years
940
6.7%
6.5%
6.9%
0%
6.4%
100%
Every SIP holding period at a glance
Period
Periods
Median
Lowest
Highest
With a loss
Category median
Beat category
1 year
154
7.0%
3.9%
10.0%
0%
6.8%
86%
2 years
142
7.0%
4.3%
9.4%
0%
6.7%
97%
3 years
130
7.0%
4.4%
8.5%
0%
6.7%
100%
5 years
106
6.7%
5.1%
7.5%
0%
6.5%
100%
7 years
82
6.4%
5.5%
7.3%
0%
6.0%
100%
10 years
46
6.5%
6.1%
6.7%
0%
6.2%
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.
Nippon India Arbitrage Fund Risk
How much it swings, and the falls an investor had to sit through
Risk and return
Measure
Nippon India Arbitrage Fund (Direct)This fund
Category average
Return (CAGR)
+6.71%
+6.61%
Standard deviation
1.33%
1.35%
Sharpe ratio
1.10
1.01
Sortino ratio
1.71
1.54
Maximum drawdown
−0.45%
(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
Nippon India Arbitrage Fund (Direct)This fund
Category average
Return (CAGR)
+7.28%
+7.18%
Standard deviation
1.06%
1.07%
Sharpe ratio
1.18
1.08
Sortino ratio
1.81
1.65
Maximum drawdown
−0.45%
(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
Nippon India Arbitrage Fund (Direct)This fund
Category average
Return (CAGR)
+6.83%
+6.65%
Standard deviation
0.98%
0.98%
Sharpe ratio
1.05
0.87
Sortino ratio
1.61
1.32
Maximum drawdown
−0.45%
(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
Nippon India Arbitrage Fund (Direct)This fund
Category average
Return (CAGR)
+6.47%
+6.20%
Standard deviation
1.01%
0.97%
Sharpe ratio
1.06
0.83
Sortino ratio
1.60
1.23
Maximum drawdown
−0.62%
(25-03-2020)
−0.53%
(03-06-2020)
From daily NAVs, 28-10-2016 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
Nippon India Arbitrage Fund (Direct)This fund
Category average
Return (CAGR)
+7.06%
+6.83%
Standard deviation
1.07%
0.98%
Sharpe ratio
0.95
0.80
Sortino ratio
1.44
1.19
Maximum drawdown
−0.62%
(25-03-2020)
−0.53%
(03-06-2020)
From daily NAVs, 03-01-2013 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.
−0.8%−0.6%−0.4%−0.2%0%
Nippon India Arbitrage Fund (Direct)
Category average, 39 Arbitrage funds
2014201620182020202220242026
Nippon 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
Nippon India Arbitrage Fund (Direct)
−0.62%
16-03-2020
25-03-2020
31-03-2020
6 days
−0.03%
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 03-01-2013, 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.
Nippon 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.
Nippon India Arbitrage Fund Expense Ratio and Costs
What each plan charges a year, in force from 07-10-2026
Plan
Base expense ratio
Brokerage
Transaction costs
Levies and GST
Total expense ratio
Arbitrage median
Cost rank (1 = cheapest)
Direct
0.31%
0.13%
0.04%
0.87%
1.35%
1.45%
16/39
Regular
0.90%
0.13%
0.04%
0.97%
2.04%
2.08%
17/38
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
5.97%
6.71%
0.74%
₹1,05,970
₹1,06,710
3 years
6.54%
7.28%
0.74% a year
₹1,20,931
₹1,23,469
5 years
6.06%
6.83%
0.77% a year
₹1,34,202
₹1,39,145
10 years
5.74%
6.47%
0.73% a year
₹1,74,740
₹1,87,186
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.
Nippon 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 03-01-2013 to 30-10-2026: 166 instalments, ₹16,60,000 in all.
Direct planNippon India Arbitrage Fund (Direct)Regular planNippon 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.
Nippon India Arbitrage Fund Asset Allocation
Asset allocation as on 30-09-2026
What the fund holds
68.0%Equity
Asset
Fund
Category
Equity
68.0%
71.6%
Cash and others
27.6%
19.5%
Debt
4.4%
9.0%
Market cap of stocks
Market cap
Fund
Category
Large Cap
51.7%
54.0%
Mid Cap
13.7%
14.1%
Small Cap
2.6%
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.
Nippon India Arbitrage Fund Sector Allocation
Sector allocation of the fund's stocks as on 30-09-2026
Largest sectors
Banks20.1%
Petroleum Products5.3%
Finance5.2%
Ferrous Metals4.3%
Automobiles3.7%
Pharmaceuticals & Biotechnology3.0%
Telecom - Services2.9%
Power2.4%
Industrial Products1.6%
Cement & Cement Products1.5%
The ten largest of 42 sectors. The other 32 add up to 18.0%.
Sector changes
Sector
July 2026
August 2026
September 2026
Change
Banks
17.6%
18.3%
20.1%
+2.5%
Petroleum Products
5.1%
4.7%
5.3%
+0.2%
Finance
4.3%
5.0%
5.2%
+0.9%
Ferrous Metals
3.7%
4.4%
4.3%
+0.6%
Automobiles
4.9%
3.9%
3.7%
−1.2%
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.
Nippon India Arbitrage Fund Portfolio Holdings
As on 30-09-2026 · 176 holdings · from the fund house's monthly portfolio
Holdings
Sector / Rating
Weight%
Holdings trend
1M change
Nippon India Money Market Fund Dir Pl-Growth-Gr Op
15.46%
Nippon India Ultra Short Term Fund- Dr Gr Op
8.14%
Reliance Industries Limited
Petroleum Products
4.83%
+21.3%
HDFC Bank Limited
Banks
4.62%
+1.7%
ICICI Bank Limited
Banks
4.21%
+204.2%
Axis Bank Limited
Banks
2.45%
−15.6%
State Bank of India
Banks
2.02%
+2.4%
JSW Steel Limited
Ferrous Metals
1.81%
+0.5%
Bajaj Finance Limited
Finance
1.71%
+56.9%
Maruti Suzuki India Limited
Automobiles
1.42%
+14.7%
Tata Steel Limited
Ferrous Metals
1.35%
−3.2%
Vodafone Idea Limited
Telecom - Services
1.34%
0.0%
Adani Enterprises Limited
Metals & Minerals Trading
1.32%
−8.6%
Larsen & Toubro Limited
Construction
1.31%
+8.0%
Canara Bank
Banks
1.17%
−0.9%
Small Industries Dev Bank of India · Certificate of deposit
CRISIL A1+
1.14%
Steel Authority of India Limited
Ferrous Metals
1.11%
−0.1%
Kotak Mahindra Bank Limited
Banks
1.09%
−37.7%
Adani Energy Solutions Limited
Power
1.04%
+20.8%
Jio Financial Services Limited
Finance
1.03%
−0.1%
AU Small Finance Bank Limited
Banks
0.96%
−12.7%
Glenmark Pharmaceuticals Limited
Pharmaceuticals & Biotechnology
0.95%
0.0%
Coal India Limited
Consumable Fuels
0.92%
+4.7%
Bharti Airtel Limited
Telecom - Services
0.91%
−4.2%
Manappuram Finance Limited
Finance
0.86%
−2.4%
National Bank For Agriculture and Rural Development · Certificate of deposit
CRISIL A1+
0.84%
Ambuja Cements Limited
Cement & Cement Products
0.77%
+0.3%
Hindalco Industries Limited
Non - Ferrous Metals
0.76%
+24.7%
Cummins India Limited
Industrial Products
0.76%
+108.7%
TVS Motor Company Limited
Automobiles
0.72%
−2.6%
Infosys Limited
IT - Software
0.68%
+78.3%
HDFC Bank Limited · Certificate of deposit
CARE A1+
0.66%
IndusInd Bank Limited
Banks
0.60%
+4872.7%
Indus Towers Limited
Telecom - Services
0.60%
+0.1%
Info Edge (India) Limited
Retailing
0.56%
−29.4%
APL Apollo Tubes Limited
Industrial Products
0.56%
+25.0%
NMDC Limited
Minerals & Mining
0.52%
0.0%
Mahindra & Mahindra Limited
Automobiles
0.51%
+8.0%
Yes Bank Limited
Banks
0.50%
−5.5%
One 97 Communications Limited
Financial Technology (Fintech)
0.49%
−48.8%
Eicher Motors Limited
Automobiles
0.48%
+8.1%
Life Insurance Corporation Of India
Insurance
0.47%
+46.8%
Punjab National Bank
Banks
0.47%
+1.3%
ITC Limited
Diversified FMCG
0.46%
−2.6%
Hindustan Zinc Limited
Non - Ferrous Metals
0.46%
−33.0%
Adani Green Energy Limited
Power
0.46%
−11.1%
Bank of Baroda
Banks
0.45%
−0.4%
Marico Limited
Agricultural Food & other Products
0.45%
+8.6%
UltraTech Cement Limited
Cement & Cement Products
0.45%
−7.1%
The Federal Bank Limited
Banks
0.44%
+18.4%
Bharat Heavy Electricals Limited
Electrical Equipment
0.44%
−8.1%
Small Industries Dev Bank of India · Certificate of deposit
CRISIL A1+
0.42%
Sun Pharmaceutical Industries Limited
Pharmaceuticals & Biotechnology
0.41%
+22.9%
IDFC First Bank Limited
Banks
0.41%
−6.1%
The Indian Hotels Company Limited
Leisure Services
0.38%
+4.5%
Godrej Properties Limited
Realty
0.38%
+0.2%
Patanjali Foods Limited
Agricultural Food & other Products
0.38%
+8.6%
Muthoot Finance Limited
Finance
0.37%
−6.7%
Hindustan Unilever Limited
Diversified FMCG
0.36%
−17.2%
Coforge Limited
IT - Software
0.36%
+12.6%
Asian Paints Limited
Consumer Durables
0.33%
−34.2%
Varun Beverages Limited
Beverages
0.33%
−25.5%
Crompton Greaves Consumer Electricals Limited
Consumer Durables
0.33%
−1.9%
Biocon Limited
Pharmaceuticals & Biotechnology
0.33%
+9.5%
Tata Consumer Products Limited
Agricultural Food & other Products
0.32%
+76.1%
GE Vernova T&D India Limited
Electrical Equipment
0.32%
−1.3%
Indian Oil Corporation Limited
Petroleum Products
0.32%
0.0%
Divi's Laboratories Limited
Pharmaceuticals & Biotechnology
0.32%
+72.3%
Grasim Industries Limited
Cement & Cement Products
0.31%
−27.2%
Bandhan Bank Limited
Banks
0.31%
+58.7%
Power Finance Corporation Limited
Finance
0.30%
+254.6%
Supreme Industries Limited
Industrial Products
0.30%
−0.5%
Cipla Limited
Pharmaceuticals & Biotechnology
0.29%
−3.8%
Adani Power Limited
Power
0.29%
+3.0%
HDFC Bank Limited · Certificate of deposit
ICRA A1+
0.28%
Axis Bank Limited
CRISIL A1+
0.28%
Container Corporation of India Limited
Transport Services
0.27%
+14.0%
SBI Life Insurance Company Limited
Insurance
0.27%
−7.5%
Fortis Healthcare Limited
Healthcare Services
0.26%
−4.1%
Kalyan Jewellers India Limited
Consumer Durables
0.26%
+4.4%
HDFC Life Insurance Company Limited
Insurance
0.26%
+3.3%
HDFC Asset Management Company Limited
Capital Markets
0.24%
+7.6%
Bosch Limited
Auto Components
0.23%
+3.4%
Alkem Laboratories Limited
Pharmaceuticals & Biotechnology
0.23%
+16.1%
Tata Power Company Limited
Power
0.22%
−0.7%
NTPC Limited
Power
0.22%
−67.0%
Tata Motors Passenger Vehicles Limited
Automobiles
0.20%
−4.5%
Hero MotoCorp Limited
Automobiles
0.20%
−50.0%
LIC Housing Finance Limited
Finance
0.19%
+47.4%
Solar Industries India Limited
Chemicals & Petrochemicals
0.19%
+134.5%
Cholamandalam Investment and Finance Company Ltd
Finance
0.18%
+8.8%
Ashok Leyland Limited
Agricultural, Commercial & Construction Vehicles
0.18%
−61.3%
Small Industries Dev Bank of India · Certificate of deposit
CRISIL A1+
0.17%
HCL Technologies Limited
IT - Software
0.17%
+31.7%
Laurus Labs Limited
Pharmaceuticals & Biotechnology
0.16%
−15.2%
Hitachi Energy India Limited
Electrical Equipment
0.15%
+0.3%
ICICI Prudential Life Insurance Company Limited
Insurance
0.15%
−9.0%
Eternal Limited
Retailing
0.15%
+3.8%
Bank of Baroda · Certificate of deposit
CARE A1+
0.14%
Delhivery Limited
Transport Services
0.14%
+21.5%
Voltas Limited
Consumer Durables
0.14%
+7.8%
National Bank For Agriculture and Rural Development · Certificate of deposit
CRISIL A1+
0.14%
National Bank For Agriculture and Rural Development · Certificate of deposit
CRISIL A1+
0.14%
Apollo Hospitals Enterprise Limited
Healthcare Services
0.14%
0.0%
PNB Housing Finance Limited
Finance
0.14%
+7.1%
Torrent Pharmaceuticals Limited
Pharmaceuticals & Biotechnology
0.14%
+173.5%
RBL Bank Limited
Banks
0.14%
−35.6%
Bharat Petroleum Corporation Limited
Petroleum Products
0.13%
0.0%
Bank of India
Banks
0.13%
−10.5%
Titan Company Limited
Consumer Durables
0.13%
New
Aurobindo Pharma Limited
Pharmaceuticals & Biotechnology
0.13%
−1.6%
Hindustan Aeronautics Limited
Aerospace & Defense
0.12%
+40.9%
JSW Energy Limited
Power
0.12%
−1.0%
Aditya Birla Capital Limited
Finance
0.12%
+2.4%
Bank of Baroda · Certificate of deposit
FITCH A1+
0.11%
Sagility Limited
IT - Services
0.11%
+400.0%
Tata Consultancy Services Limited
IT - Software
0.11%
−69.0%
Bajaj Auto Limited
Automobiles
0.11%
−3.0%
The Phoenix Mills Limited
Realty
0.10%
−6.7%
Oil & Natural Gas Corporation Limited
Oil
0.10%
−21.1%
InterGlobe Aviation Limited
Transport Services
0.10%
+63.5%
Shriram Finance Limited
Finance
0.10%
−80.6%
Trent Limited
Retailing
0.10%
+234.5%
PG Electroplast Limited
Consumer Durables
0.09%
+6.5%
Union Bank of India
Banks
0.09%
0.0%
ICICI Lombard General Insurance Company Limited
Insurance
0.09%
+62.6%
Swiggy Limited
Retailing
0.08%
New
Dabur India Limited
Personal Products
0.08%
+4.1%
SBI Cards and Payment Services Limited
Finance
0.08%
+561.7%
NBCC (India) Limited
Construction
0.08%
−12.3%
Lupin Limited
Pharmaceuticals & Biotechnology
0.08%
+56.9%
Bajaj Finserv Limited
Finance
0.08%
+352.5%
Bharat Electronics Limited
Aerospace & Defense
0.07%
−75.4%
SRF Limited
Chemicals & Petrochemicals
0.07%
+0.4%
Angel One Limited
Capital Markets
0.07%
+1.8%
Samvardhana Motherson International Limited
Auto Components
0.07%
+96.9%
Nestle India Limited
Food Products
0.06%
+3.1%
Colgate Palmolive (India) Limited
Personal Products
0.06%
+3.5%
Bank of Maharashtra
Banks
0.06%
+14.2%
Adani Ports and Special Economic Zone Limited
Transport Infrastructure
0.06%
−81.5%
Inox Wind Limited
Electrical Equipment
0.05%
0.0%
Bajaj Holdings & Investment Limited
Finance
0.05%
+24.7%
GAIL (India) Limited
Gas
0.05%
+246.3%
Vedanta Limited
Diversified Metals
0.05%
−85.6%
Bharat Forge Limited
Auto Components
0.05%
+43.9%
Tech Mahindra Limited
IT - Software
0.05%
−69.3%
Jindal Steel Limited
Ferrous Metals
0.05%
+7.1%
Prestige Estates Projects Limited
Realty
0.05%
−71.0%
Suzlon Energy Limited
Electrical Equipment
0.04%
+5.5%
KPIT Technologies Limited
IT - Software
0.04%
−20.1%
Ather Energy Limited
Automobiles
0.04%
+485.0%
Tube Investments of India Limited
Auto Components
0.04%
+4.8%
Hindustan Petroleum Corporation Limited
Petroleum Products
0.03%
−30.7%
Punjab National Bank · Certificate of deposit
CRISIL A1+
0.03%
Avenue Supermarts Limited
Retailing
0.03%
New
FSN E-Commerce Ventures Limited
Retailing
0.03%
−42.3%
PB Fintech Limited
Financial Technology (Fintech)
0.03%
−10.2%
Page Industries Limited
Textiles & Apparels
0.03%
0.0%
Radico Khaitan Limited
Beverages
0.03%
+2.6%
CG Power and Industrial Solutions Limited
Electrical Equipment
0.02%
−34.1%
National Aluminium Company Limited
Non - Ferrous Metals
0.02%
+53.6%
Polycab India Limited
Industrial Products
0.02%
−88.5%
Lodha Developers Limited
Realty
0.02%
New
Oberoi Realty Limited
Realty
0.01%
+15.8%
Mphasis Limited
IT - Software
0.01%
+61.1%
UNO Minda Limited
Auto Components
0.01%
−91.8%
UPL Limited
Fertilizers & Agrochemicals
0.01%
New
GMR Airports Limited
Transport Infrastructure
0.01%
−86.6%
United Spirits Limited
Beverages
0.01%
0.0%
Zydus Lifesciences Limited
Pharmaceuticals & Biotechnology
0.00%
−97.8%
ABB India Limited
Electrical Equipment
0.00%
New
Max Financial Services Limited
Insurance
0.00%
−97.9%
Britannia Industries Limited
Food Products
0.00%
New
DLF Limited
Realty
0.00%
−99.5%
Oil India Limited
Oil
0.00%
New
Pidilite Industries Limited
Chemicals & Petrochemicals
0.00%
0.0%
Nippon India Arbitrage Fund Stocks Bought and Sold
All changes are between August 2026 and September 2026
More
Stocks bought and sold in September 2026
Reliance Industries Limited
↑Added
+21.3%
4.83%
HDFC Bank Limited
↑Added
+1.7%
4.62%
ICICI Bank Limited
↑Added
+204.2%
4.21%
Axis Bank Limited
↓Reduced
−15.6%
2.45%
State Bank of India
↑Added
+2.4%
2.02%
JSW Steel Limited
↑Added
+0.5%
1.81%
Kotak Mahindra Bank Limited
↓Reduced
−37.7%
1.09%
Bajaj Finance Limited
↑Added
+56.9%
1.71%
Maruti Suzuki India Limited
↑Added
+14.7%
1.42%
Adani Enterprises Limited
↓Reduced
−8.6%
1.32%
Tata Steel Limited
↓Reduced
−3.2%
1.35%
Larsen & Toubro Limited
↑Added
+8.0%
1.31%
Canara Bank
↓Reduced
−0.9%
1.17%
Steel Authority of India Limited
↓Reduced
−0.1%
1.11%
AU Small Finance Bank Limited
↓Reduced
−12.7%
0.96%
Jio Financial Services Limited
↓Reduced
−0.1%
1.03%
Adani Energy Solutions Limited
↑Added
+20.8%
1.04%
Bharti Airtel Limited
↓Reduced
−4.2%
0.91%
One 97 Communications Limited
↓Reduced
−48.8%
0.49%
Manappuram Finance Limited
↓Reduced
−2.4%
0.86%
Coal India Limited
↑Added
+4.7%
0.92%
Info Edge (India) Limited
↓Reduced
−29.4%
0.56%
Ambuja Cements Limited
↑Added
+0.3%
0.77%
Hindalco Industries Limited
↑Added
+24.7%
0.76%
Cummins India Limited
↑Added
+108.7%
0.76%
TVS Motor Company Limited
↓Reduced
−2.6%
0.72%
Hindustan Zinc Limited
↓Reduced
−33.0%
0.46%
Infosys Limited
↑Added
+78.3%
0.68%
NTPC Limited
↓Reduced
−67.0%
0.22%
Indus Towers Limited
↑Added
+0.1%
0.60%
IndusInd Bank Limited
↑Added
+4872.7%
0.60%
Shriram Finance Limited
↓Reduced
−80.6%
0.10%
Yes Bank Limited
↓Reduced
−5.5%
0.50%
APL Apollo Tubes Limited
↑Added
+25.0%
0.56%
Asian Paints Limited
↓Reduced
−34.2%
0.33%
Ashok Leyland Limited
↓Reduced
−61.3%
0.18%
Mahindra & Mahindra Limited
↑Added
+8.0%
0.51%
Bharat Heavy Electricals Limited
↓Reduced
−8.1%
0.44%
UltraTech Cement Limited
↓Reduced
−7.1%
0.45%
Eicher Motors Limited
↑Added
+8.1%
0.48%
Adani Green Energy Limited
↓Reduced
−11.1%
0.46%
Life Insurance Corporation Of India
↑Added
+46.8%
0.47%
Punjab National Bank
↑Added
+1.3%
0.47%
Bank of Baroda
↓Reduced
−0.4%
0.45%
Grasim Industries Limited
↓Reduced
−27.2%
0.31%
IDFC First Bank Limited
↓Reduced
−6.1%
0.41%
ITC Limited
↓Reduced
−2.6%
0.46%
Godrej Properties Limited
↑Added
+0.2%
0.38%
Hindustan Unilever Limited
↓Reduced
−17.2%
0.36%
Marico Limited
↑Added
+8.6%
0.45%
The Federal Bank Limited
↑Added
+18.4%
0.44%
Muthoot Finance Limited
↓Reduced
−6.7%
0.37%
Sun Pharmaceutical Industries Limited
↑Added
+22.9%
0.41%
Hero MotoCorp Limited
↓Reduced
−50.0%
0.20%
Tata Consultancy Services Limited
↓Reduced
−69.0%
0.11%
Varun Beverages Limited
↓Reduced
−25.5%
0.33%
The Indian Hotels Company Limited
↑Added
+4.5%
0.38%
Crompton Greaves Consumer Electricals Limited
↓Reduced
−1.9%
0.33%
Patanjali Foods Limited
↑Added
+8.6%
0.38%
Coforge Limited
↑Added
+12.6%
0.36%
GE Vernova T&D India Limited
↓Reduced
−1.3%
0.32%
Vedanta Limited
↓Reduced
−85.6%
0.05%
Biocon Limited
↑Added
+9.5%
0.33%
Tata Consumer Products Limited
↑Added
+76.1%
0.32%
Bharat Electronics Limited
↓Reduced
−75.4%
0.07%
Divi's Laboratories Limited
↑Added
+72.3%
0.32%
Cipla Limited
↓Reduced
−3.8%
0.29%
Fortis Healthcare Limited
↓Reduced
−4.1%
0.26%
Supreme Industries Limited
↓Reduced
−0.5%
0.30%
Bandhan Bank Limited
↑Added
+58.7%
0.31%
Power Finance Corporation Limited
↑Added
+254.6%
0.30%
SBI Life Insurance Company Limited
↓Reduced
−7.5%
0.27%
Adani Power Limited
↑Added
+3.0%
0.29%
Adani Ports and Special Economic Zone Limited
↓Reduced
−81.5%
0.06%
Container Corporation of India Limited
↑Added
+14.0%
0.27%
Kalyan Jewellers India Limited
↑Added
+4.4%
0.26%
HDFC Life Insurance Company Limited
↑Added
+3.3%
0.26%
HDFC Asset Management Company Limited
↑Added
+7.6%
0.24%
Tata Motors Passenger Vehicles Limited
↓Reduced
−4.5%
0.20%
Bosch Limited
↑Added
+3.4%
0.23%
Alkem Laboratories Limited
↑Added
+16.1%
0.23%
Tata Power Company Limited
↓Reduced
−0.7%
0.22%
Power Grid Corporation of India Limited
↓Sold out
−100%
was 0.21%
Max Financial Services Limited
↓Reduced
−97.9%
0.00%
Polycab India Limited
↓Reduced
−88.5%
0.02%
RBL Bank Limited
↓Reduced
−35.6%
0.14%
LIC Housing Finance Limited
↑Added
+47.4%
0.19%
Cholamandalam Investment and Finance Company Ltd
↑Added
+8.8%
0.18%
Solar Industries India Limited
↑Added
+134.5%
0.19%
ICICI Prudential Life Insurance Company Limited
↓Reduced
−9.0%
0.15%
Prestige Estates Projects Limited
↓Reduced
−71.0%
0.05%
UNO Minda Limited
↓Reduced
−91.8%
0.01%
Laurus Labs Limited
↓Reduced
−15.2%
0.16%
Tech Mahindra Limited
↓Reduced
−69.3%
0.05%
HCL Technologies Limited
↑Added
+31.7%
0.17%
Hitachi Energy India Limited
↑Added
+0.3%
0.15%
Bank of India
↓Reduced
−10.5%
0.13%
Eternal Limited
↑Added
+3.8%
0.15%
Godrej Consumer Products Limited
↓Sold out
−100%
was 0.15%
Delhivery Limited
↑Added
+21.5%
0.14%
Voltas Limited
↑Added
+7.8%
0.14%
Aurobindo Pharma Limited
↓Reduced
−1.6%
0.13%
PNB Housing Finance Limited
↑Added
+7.1%
0.14%
Torrent Pharmaceuticals Limited
↑Added
+173.5%
0.14%
Oil & Natural Gas Corporation Limited
↓Reduced
−21.1%
0.10%
Titan Company Limited
↑New
New
0.13%
Hindustan Aeronautics Limited
↑Added
+40.9%
0.12%
JSW Energy Limited
↓Reduced
−1.0%
0.12%
Aditya Birla Capital Limited
↑Added
+2.4%
0.12%
Bajaj Auto Limited
↓Reduced
−3.0%
0.11%
Sagility Limited
↑Added
+400.0%
0.11%
NBCC (India) Limited
↓Reduced
−12.3%
0.08%
The Phoenix Mills Limited
↓Reduced
−6.7%
0.10%
PG Electroplast Limited
↑Added
+6.5%
0.09%
InterGlobe Aviation Limited
↑Added
+63.5%
0.10%
Trent Limited
↑Added
+234.5%
0.10%
ICICI Lombard General Insurance Company Limited
↑Added
+62.6%
0.09%
Swiggy Limited
↑New
New
0.08%
Dabur India Limited
↑Added
+4.1%
0.08%
SBI Cards and Payment Services Limited
↑Added
+561.7%
0.08%
Lupin Limited
↑Added
+56.9%
0.08%
Bajaj Finserv Limited
↑Added
+352.5%
0.08%
Nestle India Limited
↑Added
+3.1%
0.06%
DLF Limited
↓Reduced
−99.5%
0.00%
PB Fintech Limited
↓Reduced
−10.2%
0.03%
SRF Limited
↑Added
+0.4%
0.07%
Angel One Limited
↑Added
+1.8%
0.07%
Samvardhana Motherson International Limited
↑Added
+96.9%
0.07%
Cochin Shipyard Limited
↓Sold out
−100%
was 0.07%
KPIT Technologies Limited
↓Reduced
−20.1%
0.04%
Colgate Palmolive (India) Limited
↑Added
+3.5%
0.06%
FSN E-Commerce Ventures Limited
↓Reduced
−42.3%
0.03%
Bank of Maharashtra
↑Added
+14.2%
0.06%
Motilal Oswal Financial Services Limited
↓Sold out
−100%
was 0.06%
Bajaj Holdings & Investment Limited
↑Added
+24.7%
0.05%
GAIL (India) Limited
↑Added
+246.3%
0.05%
Bharat Forge Limited
↑Added
+43.9%
0.05%
Jindal Steel Limited
↑Added
+7.1%
0.05%
GMR Airports Limited
↓Reduced
−86.6%
0.01%
Suzlon Energy Limited
↑Added
+5.5%
0.04%
CG Power and Industrial Solutions Limited
↓Reduced
−34.1%
0.02%
Hindustan Petroleum Corporation Limited
↓Reduced
−30.7%
0.03%
Ather Energy Limited
↑Added
+485.0%
0.04%
Tube Investments of India Limited
↑Added
+4.8%
0.04%
Max Healthcare Institute Limited
↓Sold out
−100%
was 0.04%
360 One WAM Limited
↓Sold out
−100%
was 0.04%
Kaynes Technology India Limited
↓Sold out
−100%
was 0.04%
Zydus Lifesciences Limited
↓Reduced
−97.8%
0.00%
Avenue Supermarts Limited
↑New
New
0.03%
Radico Khaitan Limited
↑Added
+2.6%
0.03%
National Aluminium Company Limited
↑Added
+53.6%
0.02%
Lodha Developers Limited
↑New
New
0.02%
Hyundai Motor India Ltd
↓Sold out
−100%
was 0.02%
Mazagon Dock Shipbuilders Limited
↓Sold out
−100%
was 0.02%
Persistent Systems Limited
↓Sold out
−100%
was 0.02%
Oberoi Realty Limited
↑Added
+15.8%
0.01%
Mphasis Limited
↑Added
+61.1%
0.01%
UPL Limited
↑New
New
0.01%
Vishal Mega Mart Limited
↓Sold out
−100%
was 0.01%
Rail Vikas Nigam Limited
↓Sold out
−100%
was 0.01%
ABB India Limited
↑New
New
0.00%
Britannia Industries Limited
↑New
New
0.00%
Oil India Limited
↑New
New
0.00%
Amber Enterprises India Limited
↓Sold out
−100%
was 0.00%
Oracle Financial Services Software Limited
↓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.
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.
Nippon India Arbitrage Fund Overview
Fund facts from the scheme summary document
Expense ratio (Direct)
1.35%
Expense ratio (Regular)
2.04%
Category
Arbitrage
Risk
Not available
Benchmark
Not available
Launch date
Not available
Minimum investment
Not available
Minimum additional investment
Not available
AUM
₹17,215.96 Cr (30-09-2026)
Lock in
Not available
Scheme code (Direct)
118585
ISIN (Direct)
INF204K01XZ7
Scheme code (Regular)
113345
ISIN (Regular)
INF204K01IY1
NAV history
From 03-01-2013, 13.8 years
Exit load
Not available
Tax on Nippon India Arbitrage Fund returns
Nippon 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
₹31.2108
30-10-2026
direct
IDCW
₹19.2171
30-10-2026
direct
Monthly IDCW
₹16.3358
30-10-2026
regular
Growth
₹28.6194
30-10-2026
regular
IDCW
₹17.1515
30-10-2026
regular
Monthly IDCW
₹14.9178
30-10-2026
About Nippon India Arbitrage Fund
Nippon India Arbitrage Fund is a mutual fund from Nippon India Mutual Fund. Its category is Arbitrage. At the end of September 2026 it held 176 securities.
Frequently Asked Questions for Nippon India Arbitrage Fund
What is the current NAV of Nippon India Arbitrage Fund?
The Direct plan NAV is ₹31.2108. The Regular plan NAV is ₹28.6194, as on 30-10-2026.
What are the returns of Nippon India Arbitrage Fund?
The Direct plan returned +6.71% in 1 year, +7.28% a year over 3 years, +6.83% a year over 5 years. The Regular plan returned +5.97% in 1 year, +6.54% a year over 3 years, +6.06% a year over 5 years. These figures are as on 30-10-2026.
What is the expense ratio of Nippon India Arbitrage Fund?
The Direct plan charges 1.35% a year. The Regular plan charges 2.04% a year. This is the figure the fund house reported to AMFI, in force from 07-10-2026.
What is the AUM of Nippon India Arbitrage Fund?
Nippon India Arbitrage Fund managed ₹17,215.96 Cr on 30-09-2026, as its fund house reported in its monthly portfolio.
What are the top holdings of Nippon India Arbitrage Fund?
At the end of September 2026 the largest holdings were Nippon India Money Market Fund Dir Pl-Growth-Gr Op (15.46%), Nippon India Ultra Short Term Fund- Dr Gr Op (8.14%), RELIANCE (4.83%), HDFCBANK (4.62%), ICICIBANK (4.21%). The fund held 176 securities in all.
What did Nippon India Arbitrage Fund buy and sell in September 2026?
It bought 8 new stocks: Swiggy Limited, ABB India Limited, Avenue Supermarts Limited, Britannia Industries Limited, Oil India Limited. It sold out of 14: Vishal Mega Mart Limited, Max Healthcare Institute Limited, Hyundai Motor India Ltd, Godrej Consumer Products Limited, Mazagon Dock Shipbuilders Limited. It added shares in 78. It reduced 65.
How do I invest in Nippon India Arbitrage Fund?
Through Nippon 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. You can invest once or through a monthly SIP.
How does Nippon India Arbitrage Fund rank in its category?
The Direct plan ranks 9 of 25 Arbitrage funds by its 3 year return. The category average is +7.18% a year.
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.
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