Sundaram Arbitrage Fund is an Arbitrage fund run by Sundaram Mutual Fund. On 30-09-2026, it managed ₹539 Cr of investors' money. In the 3 years to 30-10-2026, its Direct plan returned 7.2% a year and its Regular plan returned 6.4% a year.
NAV (Direct plan)
₹16.60
▲ 0.19% · 30-10-2026
NAV (Regular plan)
₹15.58
▲ 0.19% · 30-10-2026
Expense ratio
0.97%Direct1.70%Regular
0.97%
A year
Riskometer
Low
Set by the fund house
3 year return
7.2%Direct6.4%Regular
7.2%
A year
Sundaram Arbitrage Fund NAV Today
NAV on 30-10-2026: Direct Plan Growth ₹16.60 (up 0.19% that day); Regular Plan Growth ₹15.58 (up 0.19% that day).
This fund (Direct plan)
₹16.6001
Sundaram 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)
+0.59%
+1.56%
+3.29%
+6.83%
+7.22%
--
--
This fund (Regular)
+0.53%
+1.37%
+2.91%
+6.04%
+6.42%
--
--
Arbitrage average
+0.56%
+1.52%
+3.20%
+6.62%
+7.18%
--
--
Best in Arbitrage
+0.73%
+1.71%
+3.63%
+7.56%
+7.46%
--
--
Worst in Arbitrage
+0.45%
+1.28%
+2.60%
+5.24%
+6.42%
--
--
Rank in Arbitrage
9/39
8/38
10/38
6/33
15/25
--
--
Category rows compare the Direct plans of 39 Arbitrage funds. Rank 1 is the highest return. This fund's benchmark is Nifty 50 Arbitrage Index. Returns of that index are not available to us, so the category average is the comparison.
Sundaram Arbitrage Fund Year-wise Returns
Return of each calendar year
Year
Direct
Regular
2026to date
+5.57%
+4.93%
2025
+7.15%
+6.19%
2024
+7.81%
+7.13%
2023
+7.38%
+6.76%
Sundaram 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 449 periods, one for each trading day from 03-01-2025 to 30-10-2026.
0%2%4%6%8%
Sundaram Arbitrage Fund (Direct)
Category average, 39 Arbitrage funds
Feb 2022 to Feb 2025Jun 2022 to Jun 2025Oct 2022 to Oct 2025Jan 2023 to Jan 2026May 2023 to May 2026Sept 2023 to Sept 2026
Sundaram Arbitrage Fund (Direct)Category average, 39 Arbitrage funds
0%
0%
Below 0%
0%
0%
0-5%
100%
100%
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
940
7.3%
4.3%
8.1%
0%
7.2%
41%
2 years
695
7.4%
5.9%
7.9%
0%
7.5%
27%
3 years
449
7.4%
6.5%
7.6%
0%
7.4%
16%
Every SIP holding period at a glance
Period
Periods
Median
Lowest
Highest
With a loss
Category median
Beat category
1 year
46
7.5%
5.0%
8.1%
0%
7.4%
41%
2 years
34
7.3%
6.7%
7.9%
0%
7.5%
50%
3 years
22
7.3%
7.0%
7.7%
0%
7.4%
45%
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.
Sundaram Arbitrage Fund Risk
How much it swings, and the falls an investor had to sit through
Risk and return
Measure
Sundaram Arbitrage Fund (Direct)This fund
Category average
Return (CAGR)
+6.83%
+6.61%
Standard deviation
1.59%
1.35%
Sharpe ratio
1.00
1.01
Sortino ratio
1.55
1.54
Maximum drawdown
−0.54%
(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
Sundaram Arbitrage Fund (Direct)This fund
Category average
Return (CAGR)
+7.22%
+7.18%
Standard deviation
1.19%
1.07%
Sharpe ratio
1.01
1.08
Sortino ratio
1.55
1.65
Maximum drawdown
−0.54%
(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
Sundaram Arbitrage Fund (Direct)This fund
Category average
Return (CAGR)
+6.67%
+6.77%
Standard deviation
1.09%
0.98%
Sharpe ratio
0.72
0.90
Sortino ratio
1.09
1.37
Maximum drawdown
−0.54%
(06-08-2026)
−0.45%
(06-08-2026)
From daily NAVs, 03-01-2022 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.
−0.6%−0.5%−0.4%−0.3%−0.2%−0.1%0%
Sundaram Arbitrage Fund (Direct)
Category average, 39 Arbitrage funds
2023202420252026
Sundaram 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
Sundaram Arbitrage Fund (Direct)
−0.54%
03-08-2026
06-08-2026
01-09-2026
26 days
−0.02%
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 03-01-2022, 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.
Sundaram 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.
Sundaram Arbitrage Fund Expense Ratio and Costs
What each plan charges a year, in force from 22-10-2026
Plan
Base expense ratio
Brokerage
Transaction costs
Levies and GST
Total expense ratio
Arbitrage median
Cost rank (1 = cheapest)
Direct
0.19%
0.10%
0.03%
0.65%
0.97%
1.45%
1/39
Regular
0.82%
0.10%
0.03%
0.75%
1.70%
2.08%
4/38
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
6.04%
6.83%
0.79%
₹1,06,040
₹1,06,830
3 years
6.42%
7.22%
0.80% a year
₹1,20,523
₹1,23,261
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.
Sundaram 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 03-01-2022 to 30-10-2026: 58 instalments, ₹5,80,000 in all.
Direct planSundaram Arbitrage Fund (Direct)Regular planSundaram 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.
Sundaram Arbitrage Fund Asset Allocation
Asset allocation as on 30-09-2026
What the fund holds
70.0%Equity
Asset
Fund
Category
Equity
70.0%
71.6%
Cash and others
18.1%
19.5%
Debt
11.8%
9.0%
Market cap of stocks
Market cap
Fund
Category
Large Cap
50.3%
54.0%
Mid Cap
17.7%
14.1%
Small Cap
2.1%
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
Sovereign
10.0%
2.9%
AAA and A1+
1.8%
5.8%
Sundaram Arbitrage Fund Sector Allocation
Sector allocation of the fund's stocks as on 30-09-2026
Largest sectors
Banks18.5%
Petroleum Products7.6%
Finance7.3%
Agricultural, Commercial & Construction Vehicles6.3%
Telecom - Services4.4%
Automobiles3.8%
Minerals & Mining2.8%
Construction2.5%
Fertilizers & Agrochemicals2.2%
Retailing2.1%
The ten largest of 31 sectors. The other 21 add up to 12.6%.
Sector changes
Sector
July 2026
August 2026
September 2026
Change
Banks
19.8%
19.3%
18.5%
−1.3%
Petroleum Products
8.5%
8.3%
7.6%
−0.9%
Finance
9.6%
7.8%
7.3%
−2.2%
Agricultural, Commercial & Construction Vehicles
6.3%
6.6%
6.3%
0.0%
Telecom - Services
4.9%
4.4%
4.4%
−0.5%
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.
Sundaram Arbitrage Fund Portfolio Holdings
As on 30-09-2026 · 56 holdings · from the fund house's monthly portfolio
Holdings
Sector / Rating
Weight%
Holdings trend
1M change
Sundaram Money Market Fund-Direct Plan - Growth
9.58%
HDFC Bank Ltd
Banks
7.96%
−1.9%
Reliance Industries Ltd
Petroleum Products
7.56%
−4.5%
Ashok Leyland Ltd
Agricultural, Commercial & Construction Vehicles
6.28%
+4.8%
Bajaj Finance Ltd
Finance
6.16%
0.0%
Sundaram Liquid Fund - Direct Growth
5.61%
364 Days - T Bill - 25/02/2027 · Treasury bill
Sovereign
5.44%
ICICI Bank Ltd
Banks
5.27%
0.0%
Bharti Airtel Ltd
Telecom - Services
4.42%
0.0%
Axis Bank Ltd
Banks
2.87%
0.0%
NMDC Ltd
Minerals & Mining
2.80%
0.0%
Larsen & Toubro Ltd
Construction
2.46%
0.0%
UPL Ltd
Fertilizers & Agrochemicals
2.20%
0.0%
7.38% Central Government Securities 20/06/2027 · Government security
Sovereign
1.87%
ITC Ltd
Diversified Fmcg
1.84%
+10.6%
TVS Motor Company Ltd
Automobiles
1.84%
0.0%
360 ONE WAM Ltd (Prev IIFL Wealth Management Ltd) - 21/01/2027 · Commercial paper
CRISIL A1+
1.81%
364 Days - T Bill - 13/05/2027 · Treasury bill
Sovereign
1.79%
Hindalco Industries Ltd
Non - Ferrous Metals
1.42%
0.0%
Mahindra & Mahindra Ltd
Automobiles
1.40%
0.0%
Eternal Ltd (Previously Zomato Ltd)
Retailing
1.38%
+35.2%
Kotak Mahindra Bank Ltd
Banks
1.21%
−23.5%
Marico Ltd
Agricultural Food & Other Products
1.17%
0.0%
364 Days - T Bill - 10/12/2026 · Treasury bill
Sovereign
0.92%
The Indian Hotels Company Ltd
Leisure Services
0.78%
0.0%
ICICI Lombard General Insurance Company Ltd
Insurance
0.78%
0.0%
Power Finance Corporation Ltd
Finance
0.70%
0.0%
Tata Steel Ltd
Ferrous Metals
0.70%
−11.9%
Swiggy Ltd
Retailing
0.69%
New
One 97 Communications Ltd
Financial Technology (Fintech)
0.68%
New
Tech Mahindra Ltd
It - Software
0.56%
New
Jio Financial Services Ltd
Finance
0.49%
0.0%
Bank of Baroda
Banks
0.44%
0.0%
Bandhan Bank Ltd
Banks
0.42%
0.0%
Adani Ports and Special Economic Zone Ltd
Transport Infrastructure
0.40%
0.0%
Havells India Ltd
Consumer Durables
0.38%
+66.7%
Max Financial Services Ltd
Insurance
0.36%
−54.0%
RBL Bank Ltd
Banks
0.36%
0.0%
Angel One Ltd
Capital Markets
0.36%
New
Lodha Developers Ltd
Realty
0.36%
New
Bharat Dynamics Ltd
Aerospace & Defense
0.35%
New
Astral Ltd
Industrial Products
0.35%
New
Fortis Health Care Ltd
Healthcare Services
0.33%
0.0%
Divis Laboratories Ltd
Pharmaceuticals & Biotechnology
0.33%
0.0%
Ather Energy Limited
Automobiles
0.30%
New
KPIT Technologies Ltd
It - Software
0.29%
−28.6%
Maruti Suzuki India Ltd
Automobiles
0.23%
0.0%
Adani Green Energy Ltd
Power
0.20%
0.0%
Kaynes Technology India Ltd
Industrial Manufacturing
0.20%
New
Coal India Ltd
Consumable Fuels
0.19%
0.0%
Dabur India Ltd
Personal Products
0.18%
0.0%
Amber Enterprises India Ltd
Consumer Durables
0.17%
New
Ambuja Cements Ltd
Cement & Cement Products
0.14%
0.0%
Cipla Ltd
Pharmaceuticals & Biotechnology
0.06%
−84.2%
Bharat Electronics Ltd
Aerospace & Defense
0.02%
0.0%
Indian Energy Exchange Ltd
Capital Markets
0.02%
0.0%
Sundaram 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 Ltd
↓Reduced
−4.5%
7.56%
HDFC Bank Ltd
↓Reduced
−1.9%
7.96%
Ashok Leyland Ltd
↑Added
+4.8%
6.28%
ITC Ltd
↑Added
+10.6%
1.84%
Kotak Mahindra Bank Ltd
↓Reduced
−23.5%
1.21%
Eternal Ltd (Previously Zomato Ltd)
↑Added
+35.2%
1.38%
Max Financial Services Ltd
↓Reduced
−54.0%
0.36%
Tata Steel Ltd
↓Reduced
−11.9%
0.70%
Swiggy Ltd
↑New
New
0.69%
One 97 Communications Ltd
↑New
New
0.68%
Tech Mahindra Ltd
↑New
New
0.56%
Coforge Ltd
↓Sold out
−100%
was 0.48%
KPIT Technologies Ltd
↓Reduced
−28.6%
0.29%
Cipla Ltd
↓Reduced
−84.2%
0.06%
Havells India Ltd
↑Added
+66.7%
0.38%
Angel One Ltd
↑New
New
0.36%
Lodha Developers Ltd
↑New
New
0.36%
Bharat Dynamics Ltd
↑New
New
0.35%
Astral Ltd
↑New
New
0.35%
Ather Energy Limited
↑New
New
0.30%
Kaynes Technology India Ltd
↑New
New
0.20%
Amber Enterprises India Ltd
↑New
New
0.17%
State Bank of India
↓Sold out
−100%
was 0.10%
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.
Sundaram Arbitrage Fund Overview
Fund facts from the scheme summary document, as on 16-10-2026
Expense ratio (Direct)
0.97%
Expense ratio (Regular)
1.70%
Category
Arbitrage
Risk
Low
Benchmark
Nifty 50 Arbitrage Index
Launch date
01-04-2016
Minimum additional investment
₹100
AUM
₹538.54 Cr (30-09-2026)
Lock in
None
Scheme code (Direct)
149550
ISIN (Direct)
INF173K01NF7
Scheme code (Regular)
149552
ISIN (Regular)
INF173K01NB6
NAV history
From 03-01-2022, 4.8 years
Minimum investment
"New Investor/Existing – Rs.100/- for both Monthly IDCW and Growth Option and any amount thereafter under each Plan/ option."
Exit load
W.E.F Dec 31, 2021 Upto 25% of Units purchased/ switchin - NIL In excess of the above: 0.25% if redeemed/ SWP/STP within 15 days from the date of allotment. NIL if redeemed /SWP/STP after 15 days from the date of allotment. For redemption or withdrawal by way of SWP after 365 days from the date of allotment - Nil.Generally, the exit load will be calculated on First in First out (FIFO) basis.
Tax on Sundaram Arbitrage Fund returns
Sundaram 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
₹16.6001
30-10-2026
direct
Income Distribution Cum Capital Withdrawal IDCW
₹13.4959
30-10-2026
regular
Growth
₹15.5762
30-10-2026
regular
Income Distribution Cum Capital Withdrawal IDCW
₹12.8767
30-10-2026
About Sundaram Arbitrage Fund
Sundaram Arbitrage Fund is a mutual fund from Sundaram Mutual Fund. Its category is Arbitrage. It was launched on 01-04-2016. Its benchmark is Nifty 50 Arbitrage Index. At the end of September 2026 it held 56 securities.
Frequently Asked Questions for Sundaram Arbitrage Fund
What is the current NAV of Sundaram Arbitrage Fund?
The Direct plan NAV is ₹16.6001. The Regular plan NAV is ₹15.5762, as on 30-10-2026.
What are the returns of Sundaram Arbitrage Fund?
The Direct plan returned +6.83% in 1 year, +7.22% a year over 3 years. The Regular plan returned +6.04% in 1 year, +6.42% a year over 3 years. These figures are as on 30-10-2026.
What is the expense ratio of Sundaram Arbitrage Fund?
The Direct plan charges 0.97% a year. The Regular plan charges 1.70% a year. This is the figure the fund house reported to AMFI, in force from 22-10-2026.
What is the AUM of Sundaram Arbitrage Fund?
Sundaram Arbitrage Fund managed ₹538.54 Cr on 30-09-2026, as its fund house reported in its monthly portfolio.
What are the top holdings of Sundaram Arbitrage Fund?
At the end of September 2026 the largest holdings were Sundaram Money Market Fund-Direct Plan - Growth (9.58%), HDFCBANK (7.96%), RELIANCE (7.56%), ASHOKLEY (6.28%), BAJFINANCE (6.16%). The fund held 56 securities in all.
What did Sundaram Arbitrage Fund buy and sell in September 2026?
It bought 10 new stocks: Astral Ltd, Swiggy Ltd, Ather Energy Limited, Bharat Dynamics Ltd, Amber Enterprises India Ltd. It sold out of 2: State Bank of India, Coforge Ltd. It added shares in 4. It reduced 7.
How do I invest in Sundaram Arbitrage Fund?
Through Sundaram 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 "New Investor/Existing – Rs.100/- for both Monthly IDCW and Growth Option and any amount thereafter under each Plan/ option.". You can invest once or through a monthly SIP.
Who is the fund manager of Sundaram Arbitrage Fund?
Rohit Seksaria, Kumaresh Ramakrishnan.
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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