Parag Parikh Arbitrage Fund is an Arbitrage fund run by PPFAS Mutual Fund. On 30-09-2026, it managed ₹2,750 Cr of investors' money. In the year to 30-10-2026, its Direct plan returned 6.5% and its Regular plan returned 6.1%.
NAV on 30-10-2026: Direct Plan Growth ₹12.24 (up 0.17% that day); Regular Plan Growth ₹12.11 (up 0.17% 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) | +0.57% | +1.50% | +3.18% | +6.52% | -- | -- | -- |
| This fund (Regular) | +0.54% | +1.40% | +2.97% | +6.12% | -- | -- | -- |
| 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 | 14/39 | 22/38 | 22/38 | 23/33 | -- | -- | -- |
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.
| Year | Direct | Regular |
|---|---|---|
| 2026to date | +5.31% | +4.98% |
| 2025 | +6.62% | +6.24% |
| 2024 | +7.77% | +7.39% |
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 490 periods, one for each trading day from 04-11-2024 to 30-10-2026.
Parag Parikh 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 | 490 | 6.7% | 6.0% | 7.9% | 0% | 7.0% | 0% |
| 2 years | 244 | 6.9% | 6.5% | 7.3% | 0% | 7.1% | 0% |
Every SIP holding period at a glance
| Period | Periods | Median | Lowest | Highest | With a loss | Category median | Beat category |
|---|---|---|---|---|---|---|---|
| 1 year | 24 | 6.8% | 6.2% | 7.8% | 0% | 6.9% | 4% |
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 | Parag Parikh Arbitrage Fund (Direct)This fund | Category average |
|---|---|---|
| Return (CAGR) | +6.52% | +6.61% |
| Standard deviation | 1.43% | 1.35% |
| Sharpe ratio | 0.89 | 1.01 |
| Sortino ratio | 1.37 | 1.54 |
| Maximum drawdown | −0.57% (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 | Parag Parikh Arbitrage Fund (Direct)This fund | Category average |
|---|---|---|
| Return (CAGR) | +6.94% | +7.16% |
| Standard deviation | 1.11% | 1.07% |
| Sharpe ratio | 0.83 | 1.08 |
| Sortino ratio | 1.25 | 1.64 |
| Maximum drawdown | −0.57% (06-08-2026) | −0.45% (06-08-2026) |
From daily NAVs, 03-11-2023 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.
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.
Parag Parikh 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 | |
|---|---|---|---|---|---|---|
| Parag Parikh Arbitrage Fund (Direct) | −0.57% | 03-08-2026 | 06-08-2026 | 01-09-2026 | 26 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 03-11-2023, 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 |
| Parag Parikh Arbitrage Fund | 23/33 | 2,750 | 0.99% | +6.52% | -- | -- | -- | -- | -- |
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 01-09-2026
| Plan | Base expense ratio | Brokerage | Transaction costs | Levies and GST | Total expense ratio | Arbitrage median | Cost rank (1 = cheapest) |
|---|---|---|---|---|---|---|---|
| Direct | 0.19% | 0.10% | 0.09% | 0.61% | 0.99% | 1.45% | 2/39 |
| Regular | 0.53% | 0.10% | 0.09% | 0.67% | 1.39% | 2.08% | 1/38 |
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 | 6.12% | 6.52% | 0.40% | ₹1,06,120 | ₹1,06,520 |
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 03-11-2023 to 30-10-2026: 36 instalments, ₹3,60,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Direct planParag Parikh Arbitrage Fund (Direct) | ₹3,60,000 | ₹3,97,973 | ₹37,973 | 6.6% |
| Regular planParag Parikh Arbitrage Fund (Regular) | ₹3,60,000 | ₹3,95,681 | ₹35,681 | 6.3% |
| Category averageCategory average, 39 Arbitrage funds | ₹3,60,000 | ₹3,99,090 | ₹39,090 | 6.8% |
Direct planParag Parikh Arbitrage Fund (Direct)
Regular planParag Parikh 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
67.5%Equity
| Asset | Fund | Category |
|---|---|---|
| Equity | 67.5% | 71.6% |
| Debt | 18.0% | 9.0% |
| Cash and others | 14.5% | 19.5% |
| Market cap | Fund | Category |
|---|---|---|
| Large Cap | 57.5% | 54.0% |
| Mid Cap | 7.4% | 14.1% |
| Small Cap | 2.7% | 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 | 0.4% | 2.9% |
| AAA and A1+ | 17.7% | 5.8% |
Sector allocation of the fund's stocks as on 30-09-2026
Banks34.1%
Petroleum Products4.8%
Telecom - Services4.8%
Electrical Equipment3.1%
Ferrous Metals2.7%
Aerospace & Defense2.7%
Pharmaceuticals & Biotechnology2.4%
Finance1.9%
Automobiles1.8%
Cement & Cement Products1.7%
The ten largest of 31 sectors. The other 21 add up to 7.5%.
| Sector | July 2026 | August 2026 | September 2026 | Change |
|---|---|---|---|---|
| Banks | 32.7% | 33.5% | 34.1% | +1.4% |
| Petroleum Products | 4.7% | 4.5% | 4.8% | +0.2% |
| Telecom - Services | 5.0% | 4.7% | 4.8% | −0.2% |
| Electrical Equipment | 3.1% | 3.2% | 3.1% | 0.0% |
| Ferrous Metals | 2.8% | 2.7% | 2.7% | −0.1% |
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 · 87 holdings · from the fund house's monthly portfolio
| Holdings | Sector / Rating | Weight% | Holdings trend | 1M change |
|---|---|---|---|---|
| Parag Parikh Liquid Fund- Direct Plan- Growth | 10.70% | |||
| HDFC Bank Limited | Banks | 6.38% | +7.3% | |
| ICICI Bank Limited | Banks | 6.17% | +11.7% | |
| Canara Bank | Banks | 5.28% | 0.0% | |
| Reliance Industries Limited | Petroleum Products | 4.80% | +15.2% | |
| Axis Bank Limited | Banks | 4.51% | 0.0% | |
| Bharti Airtel Limited | Telecom - Services | 4.40% | +3.0% | |
| Kotak Mahindra Bank Limited | Banks | 3.75% | −7.3% | |
| Small Industries Dev Bank of India (11/06/2027) · Certificate of deposit | CRISIL A1+ | 3.46% | ||
| Bharat Heavy Electricals Limited | Electrical Equipment | 2.97% | −1.1% | |
| State Bank of India | Banks | 2.38% | +1.1% | |
| IDFC First Bank Limited | Banks | 2.24% | +7.6% | |
| Tata Steel Limited | Ferrous Metals | 2.06% | +1.5% | |
| Canara Bank (08/12/2026) · Certificate of deposit | CRISIL A1+ | 1.80% | ||
| HDFC Bank Limited (21/12/2026) · Certificate of deposit | CARE A1+ | 1.79% | ||
| Canara Bank (08/01/2027) · Certificate of deposit | CRISIL A1+ | 1.79% | ||
| Indian Bank (12/01/2027) · Certificate of deposit | CRISIL A1+ | 1.78% | ||
| National Bank For Agriculture and Rural Development (27/01/2027) · Certificate of deposit | CRISIL A1+ | 1.78% | ||
| Small Industries Dev Bank of India (26/02/2027) · Certificate of deposit | CRISIL A1+ | 1.77% | ||
| Indian Bank (15/06/2027) · Certificate of deposit | CRISIL A1+ | 1.73% | ||
| Bharat Electronics Limited | Aerospace & Defense | 1.72% | −9.7% | |
| UltraTech Cement Limited | Cement & Cement Products | 1.69% | −0.1% | |
| NMDC Limited | Minerals & Mining | 1.54% | 0.0% | |
| Bandhan Bank Limited | Banks | 1.46% | +95.3% | |
| Eicher Motors Limited | Automobiles | 1.16% | −17.6% | |
| Punjab National Bank | Banks | 1.04% | −5.4% | |
| Sun Pharmaceutical Industries Limited | Pharmaceuticals & Biotechnology | 0.99% | −4.0% | |
| Hindustan Aeronautics Limited | Aerospace & Defense | 0.95% | −4.4% | |
| Life Insurance Corporation Of India | Insurance | 0.93% | +22.5% | |
| Bank of Baroda (25/11/2026) · Certificate of deposit | IND A1+ | 0.90% | ||
| Indian Bank (24/06/2027) · Certificate of deposit | CRISIL A1+ | 0.86% | ||
| Bank of Baroda | Banks | 0.78% | 0.0% | |
| Bajaj Finance Limited | Finance | 0.66% | 0.0% | |
| The Indian Hotels Company Limited | Leisure Services | 0.58% | 0.0% | |
| NBCC (India) Limited | Construction | 0.57% | 0.0% | |
| Mahindra & Mahindra Limited | Automobiles | 0.54% | −60.1% | |
| GMR Airports Limited | Transport Infrastructure | 0.47% | −47.9% | |
| Glenmark Pharmaceuticals Limited | Pharmaceuticals & Biotechnology | 0.47% | 0.0% | |
| Biocon Limited | Pharmaceuticals & Biotechnology | 0.44% | +1.5% | |
| NTPC Limited | Power | 0.44% | −23.2% | |
| Coal India Limited | Consumable Fuels | 0.42% | 0.0% | |
| Steel Authority of India Limited | Ferrous Metals | 0.41% | 0.0% | |
| Jio Financial Services Limited | Finance | 0.40% | +8.1% | |
| Indus Towers Limited | Telecom - Services | 0.39% | +1.2% | |
| Varun Beverages Limited | Beverages | 0.38% | +24.3% | |
| 364 Days Tbill (MD 15/01/2027) · Treasury bill | Sovereign | 0.36% | ||
| LIC Housing Finance Limited | Finance | 0.35% | +3.5% | |
| ITC Limited | Diversified FMCG | 0.33% | −1.0% | |
| Aditya Birla Capital Limited | Finance | 0.32% | 0.0% | |
| DLF Limited | Realty | 0.29% | −65.4% | |
| JSW Steel Limited | Ferrous Metals | 0.26% | 0.0% | |
| Tata Power Company Limited | Power | 0.22% | 0.0% | |
| Hindalco Industries Limited | Non - Ferrous Metals | 0.22% | −24.4% | |
| Cipla Limited | Pharmaceuticals & Biotechnology | 0.21% | −62.8% | |
| Dabur India Limited | Personal Products | 0.17% | 0.0% | |
| Crompton Greaves Consumer Electricals Limited | Consumer Durables | 0.15% | 0.0% | |
| Divi's Laboratories Limited | Pharmaceuticals & Biotechnology | 0.15% | +72.0% | |
| Aurobindo Pharma Limited | Pharmaceuticals & Biotechnology | 0.14% | 0.0% | |
| PNB Housing Finance Limited | Finance | 0.10% | 0.0% | |
| Coforge Limited | IT - Software | 0.10% | New | |
| Multi Commodity Exchange of India Limited | Capital Markets | 0.09% | New | |
| Infosys Limited | IT - Software | 0.09% | New | |
| Inox Wind Limited | Electrical Equipment | 0.09% | 0.0% | |
| The Federal Bank Limited | Banks | 0.08% | +3.9% | |
| ICICI Lombard General Insurance Company Limited | Insurance | 0.08% | 0.0% | |
| Godrej Properties Limited | Realty | 0.07% | 0.0% | |
| Oil & Natural Gas Corporation Limited | Oil | 0.07% | −64.9% | |
| Tata Motors Passenger Vehicles Limited | Automobiles | 0.06% | −2.9% | |
| Bajaj Finserv Limited | Finance | 0.06% | +900.0% | |
| Hindustan Unilever Limited | Diversified FMCG | 0.05% | 0.0% | |
| Oberoi Realty Limited | Realty | 0.05% | New | |
| Yes Bank Limited | Banks | 0.05% | 0.0% | |
| Power Finance Corporation Limited | Finance | 0.05% | New | |
| Tata Consumer Products Limited | Agricultural Food & other Products | 0.05% | −10.3% | |
| Indian Oil Corporation Limited | Petroleum Products | 0.05% | 0.0% | |
| Solar Industries India Limited | Chemicals & Petrochemicals | 0.03% | −41.7% | |
| Marico Limited | Agricultural Food & other Products | 0.03% | New | |
| Eternal Limited | Retailing | 0.02% | New | |
| Asian Paints Limited | Consumer Durables | 0.02% | −40.0% | |
| AU Small Finance Bank Limited | Banks | 0.02% | 0.0% | |
| Fortis Healthcare Limited | Healthcare Services | 0.01% | 0.0% | |
| Torrent Pharmaceuticals Limited | Pharmaceuticals & Biotechnology | 0.01% | 0.0% | |
| SBI Life Insurance Company Limited | Insurance | 0.01% | 0.0% | |
| Power Grid Corporation of India Limited | Power | 0.01% | −61.5% | |
| Cholamandalam Investment and Finance Company Ltd | Finance | 0.00% | 0.0% | |
| Larsen & Toubro Limited | Construction | 0.00% | −97.0% | |
| One 97 Communications Limited | Financial Technology (Fintech) | 0.00% | −98.3% |
All changes are between August 2026 and September 2026
| HDFC Bank Limited | Added | +7.3% | 6.38% |
|---|---|---|---|
| ICICI Bank Limited | Added | +11.7% | 6.17% |
| Reliance Industries Limited | Added | +15.2% | 4.80% |
| Bharti Airtel Limited | Added | +3.0% | 4.40% |
| Kotak Mahindra Bank Limited | Reduced | −7.3% | 3.75% |
| Bharat Heavy Electricals Limited | Reduced | −1.1% | 2.97% |
| State Bank of India | Added | +1.1% | 2.38% |
| IDFC First Bank Limited | Added | +7.6% | 2.24% |
| Tata Steel Limited | Added | +1.5% | 2.06% |
| Bharat Electronics Limited | Reduced | −9.7% | 1.72% |
| UltraTech Cement Limited | Reduced | −0.1% | 1.69% |
| Eicher Motors Limited | Reduced | −17.6% | 1.16% |
| Mahindra & Mahindra Limited | Reduced | −60.1% | 0.54% |
| Bandhan Bank Limited | Added | +95.3% | 1.46% |
| Sun Pharmaceutical Industries Limited | Reduced | −4.0% | 0.99% |
| Punjab National Bank | Reduced | −5.4% | 1.04% |
| Hindustan Aeronautics Limited | Reduced | −4.4% | 0.95% |
| Life Insurance Corporation Of India | Added | +22.5% | 0.93% |
| GMR Airports Limited | Reduced | −47.9% | 0.47% |
| DLF Limited | Reduced | −65.4% | 0.29% |
| Grasim Industries Limited | Sold out | −100% | was 0.82% |
| Cipla Limited | Reduced | −62.8% | 0.21% |
| NTPC Limited | Reduced | −23.2% | 0.44% |
| Biocon Limited | Added | +1.5% | 0.44% |
| Jio Financial Services Limited | Added | +8.1% | 0.40% |
| Indus Towers Limited | Added | +1.2% | 0.39% |
| Varun Beverages Limited | Added | +24.3% | 0.38% |
| LIC Housing Finance Limited | Added | +3.5% | 0.35% |
| ITC Limited | Reduced | −1.0% | 0.33% |
| Hindalco Industries Limited | Reduced | −24.4% | 0.22% |
| One 97 Communications Limited | Reduced | −98.3% | 0.00% |
| Oil & Natural Gas Corporation Limited | Reduced | −64.9% | 0.07% |
| Divi's Laboratories Limited | Added | +72.0% | 0.15% |
| Coforge Limited | New | New | 0.10% |
| Infosys Limited | New | New | 0.09% |
| Multi Commodity Exchange of India Limited | New | New | 0.09% |
| Larsen & Toubro Limited | Reduced | −97.0% | 0.00% |
| The Federal Bank Limited | Added | +3.9% | 0.08% |
| Tata Motors Passenger Vehicles Limited | Reduced | −2.9% | 0.06% |
| Tata Consumer Products Limited | Reduced | −10.3% | 0.05% |
| Bajaj Finserv Limited | Added | +900.0% | 0.06% |
| Oberoi Realty Limited | New | New | 0.05% |
| Power Finance Corporation Limited | New | New | 0.05% |
| Asian Paints Limited | Reduced | −40.0% | 0.02% |
| Solar Industries India Limited | Reduced | −41.7% | 0.03% |
| Marico Limited | New | New | 0.03% |
| Power Grid Corporation of India Limited | Reduced | −61.5% | 0.01% |
| Eternal Limited | New | New | 0.02% |
| Zydus Lifesciences Limited | Sold out | −100% | was 0.01% |
| TVS Motor Company Limited | Sold out | −100% | was 0.01% |
| HDFC Life Insurance Company 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.
Funds with the most similar portfolios, across every fund house and category
| Fund | Overlap | Holdings in common | |
|---|---|---|---|
| Old Bridge Arbitrage FundArbitrage · Old Bridge | 42.9% | 59 | Compare |
| SBI BSE 100 ETFETF · SBI | 42.2% | 53 | Compare |
| Bajaj Finserv Arbitrage FundArbitrage · Bajaj Finserv | 42.1% | 67 | Compare |
| Bandhan Nifty 100 Index FundIndex · Bandhan | 41.2% | 46 | Compare |
| NJ Arbitrage FundArbitrage · NJ | 41.2% | 46 | Compare |
| Groww NIFTY 200 ETFETF · Groww | 41.1% | 70 | Compare |
| Mahindra Manulife Arbitrage FundArbitrage · Mahindra Manulife | 41.1% | 28 | Compare |
| Motilal Oswal Nifty 100 ETFETF · Motilal Oswal | 40.7% | 45 | 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 | ₹12.2389 | 30-10-2026 |
| regular | Growth | ₹12.1084 | 30-10-2026 |
Parag Parikh Arbitrage Fund is a mutual fund from PPFAS Mutual Fund. Its category is Arbitrage. It was launched on 02-11-2023. Its benchmark is Nifty 50 Arbitrage TRI. At the end of September 2026 it held 87 securities.
Rajeev Thakkar
Fund manager of Parag Parikh Arbitrage Fund, since 02-11-2023
Raunak Onkar
Fund manager of Parag Parikh Arbitrage Fund, since 02-11-2023
Rukun Tarachandani
Fund manager of Parag Parikh Arbitrage Fund, since 02-11-2023
Raj Mehta
Fund manager of Parag Parikh Arbitrage Fund, since 01-09-2025
Tejas Soman
Fund manager of Parag Parikh Arbitrage Fund, since 01-09-2025
Aishwarya Dhar
Fund manager of Parag Parikh Arbitrage Fund, since 01-09-2025
See all funds of PPFAS 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 ₹12.2389. The Regular plan NAV is ₹12.1084, as on 30-10-2026.
The Direct plan returned +6.52% in 1 year. The Regular plan returned +6.12% in 1 year. These figures are as on 30-10-2026.
The Direct plan charges 0.99% a year. The Regular plan charges 1.39% a year. This is the figure the fund house reported to AMFI, in force from 01-09-2026.
Parag Parikh Arbitrage Fund managed ₹2,749.88 Cr on 30-09-2026, as its fund house reported in its monthly portfolio.
At the end of September 2026 the largest holdings were Parag Parikh Liquid Fund- Direct Plan- Growth (10.70%), HDFCBANK (6.38%), ICICIBANK (6.17%), CANBK (5.28%), RELIANCE (4.80%). The fund held 87 securities in all.
It bought 7 new stocks: Infosys Limited, Oberoi Realty Limited, Power Finance Corporation Limited, Marico Limited, Coforge Limited. It sold out of 4: Zydus Lifesciences Limited, Grasim Industries Limited, TVS Motor Company Limited, HDFC Life Insurance Company Limited. It added shares in 17. It reduced 23.
Through PPFAS 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 ₹1,000. You can invest once or through a monthly SIP.
Rajeev Thakkar (since 02-11-2023), Raunak Onkar (since 02-11-2023), Rukun Tarachandani (since 02-11-2023), Raj Mehta (since 01-09-2025), Tejas Soman (since 01-09-2025), Aishwarya Dhar (since 01-09-2025).
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 Parag Parikh Arbitrage Fund in WealthGamma
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