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InvestVerdict

Nippon India Arbitrage Fund

Regular Plan · IDCW Option · Arbitrage · Scheme code 113346

NAV₹17.1515as on 30 Oct 2026
Fund houseNippon India Mutual Fund
CategoryArbitrage
Plan & optionRegular · IDCW Option
History15.9 years

Returns (%)

 1M3M6M1Y3Y5Y7Y10YLaunch
This scheme 0.451.922.88 5.926.645.97 4.603.553.39
Arbitrage
category median		 ——— 6.096.546.06 —5.75—

Over a year annualised (CAGR), under a year absolute. Computed from AMFI's published NAV history for this scheme.

Risk

 VolatilitySharpeSortinoBetaAlphaMax fallR²
This scheme 0.5% 0.28 0.40 — — -16.6% —

Risk-free rate 6.5%. Beta, alpha and R² are regressed on the — months this scheme and its benchmark share.

Growth of ₹100 since launch

9412114817520122014201620182020202220242026InvestVerdict

Drawdown from peak (%)

0%-6%-12%-19%20122014201620182020202220242026

Every one-year period it has lived through

WindowsWorstMedianBestPeriods that lost money
3,656 -11.4% 3.5% 10.9% 12%

Every one-year holding period in this scheme's history, not just the last one — the spread a real investor would have met depending only on when they started.

InvestVerdict

Nippon India Arbitrage Fund

Regular Plan · IDCW Option

Allocation

By asset

Equity68.02%
Mutual Fund Units23.60%
Debt4.35%
Cash & Equivalents4.03%

By market cap

Large Cap103.13%
Mid Cap30.01%
Small Cap4.40%
Unclassified57.61%

Concentration

Number of stocks176
Top 5 stocks37.26%
Top 10 stocks46.67%
Top 20 stocks58.57%
Lines in the filing179
Largest holding15.46%
Largest sectorUnclassified 23.60%
Effective stocks24.0
Sectors held47
Cash4.03%

Effective stocks is what the concentration works out to: a fund holding 176 names but most of its money in a few behaves like a fund of 24. Cash includes repo and TREPS, which every fund parks money in overnight.

Sector split

Unclassified — 23.6%Banks — 20.1%Petroleum Products — 5.3%Finance — 5.2%Ferrous Metals — 4.3%Cash & Equivalents — 4.0%Automobiles — 3.7%CRISIL A1+ — 3.2%Pharmaceuticals & Biotechnology — 3.0%Other — 27.5%Unclassified23.6%Banks20.1%Petroleum Products5.3%Finance5.2%Ferrous Metals4.3%Cash & Equivalents4.0%Automobiles3.7%CRISIL A1+3.2%Pharmaceuticals & Biotech…3.0%Other27.5%
Unclassified23.60%
Banks20.12%
Petroleum Products5.31%
Finance5.21%
Ferrous Metals4.32%
Cash & Equivalents4.03%
Automobiles3.68%
CRISIL A1+3.16%
Pharmaceuticals & Biotechnology3.04%
Telecom - Services2.85%
Power2.35%
Industrial Products1.64%
Cement & Cement Products1.53%
IT - Software1.42%
Construction1.39%
Metals & Minerals Trading1.32%
Consumer Durables1.28%
Insurance1.24%
Non - Ferrous Metals1.24%
Agricultural Food & other Products1.15%
InvestVerdict

Nippon India Arbitrage Fund

Regular Plan · IDCW Option · holdings

Top 30 holdings

#CompanySectorShares held Value
₹ cr		% of fund
1 Nippon India Money Market Fund Dir Pl-Growth-Gr Op Unclassified 5,837,038 2,661 15.46%
2 Nippon India Ultra Short Term Fund- Dr Gr Op Unclassified 2,899,872 1,402 8.14%
3 Reliance Industries Limited Petroleum Products 7,009,000 832 4.83%
4 HDFC Bank Limited Banks 11,229,400 796 4.62%
5 ICICI Bank Limited Banks 5,489,400 726 4.21%
6 Triparty Repo Unclassified — 705 4.09%
7 Axis Bank Limited Banks 3,444,375 422 2.45%
8 State Bank of India Banks 3,621,750 348 2.02%
9 JSW Steel Limited Ferrous Metals 2,487,375 312 1.81%
10 Bajaj Finance Limited Finance 3,070,500 295 1.71%
11 Maruti Suzuki India Limited Automobiles 204,200 244 1.42%
12 Tata Steel Limited Ferrous Metals 12,603,250 232 1.35%
13 Vodafone Idea Limited Telecom - Services 177,686,850 230 1.34%
14 Adani Enterprises Limited Metals & Minerals Trading 782,079 227 1.32%
15 Larsen & Toubro Limited Construction 600,075 226 1.31%
16 Canara Bank Banks 16,854,750 201 1.17%
17 Small Industries Dev Bank of India CRISIL A1+ 4,000 196 1.14%
18 Steel Authority of India Limited Ferrous Metals 10,513,900 191 1.11%
19 Kotak Mahindra Bank Limited Banks 4,484,000 187 1.09%
20 Adani Energy Solutions Limited Power 1,366,875 180 1.04%
21 Jio Financial Services Limited Finance 8,166,250 177 1.03%
22 AU Small Finance Bank Limited Banks 1,637,000 165 0.96%
23 Glenmark Pharmaceuticals Limited Pharmaceuticals & Biotechnology 702,375 164 0.95%
24 Coal India Limited Consumable Fuels 3,731,400 159 0.92%
25 Bharti Airtel Limited Telecom - Services 892,525 157 0.91%
26 Manappuram Finance Limited Finance 4,683,000 148 0.86%
27 National Bank For Agriculture and Rural Development CRISIL A1+ 3,000 145 0.84%
28 Ambuja Cements Limited Cement & Cement Products 3,534,000 132 0.77%
29 Hindalco Industries Limited Non - Ferrous Metals 1,380,400 130 0.76%
30 Cummins India Limited Industrial Products 273,400 130 0.76%
InvestVerdict

Nippon India Arbitrage Fund

Regular Plan · IDCW Option · where the money sits

What the manager did last month

Between the filings of 30 Jun 2026 and 31 Jul 2026. A position grows because the manager bought or because the price rose; only the share count separates them.

BoughtSoldNew positionsSold out ofPrice move of holdings
₹1,493 cr ₹1,539 cr 18 13 +1.49%
StockShares tradedShares PriceValue
₹ cr
New position
Tata Consultancy Services Limited 231,075 entered — 54.7
Kaynes Technology India Limited 63,300 entered — 24.1
Bajaj Auto Limited 15,450 entered — 17.8
Infosys Limited 152,400 entered — 17.2
Polycab India Limited 11,875 entered — 10.8
Coforge Limited 62,225 entered — 10.7
Colgate Palmolive (India) Limited 43,725 entered — 9.1
Dr. Reddy's Laboratories Limited 51,875 entered — 6.0
Added to
Nippon India Money Market Fund Dir Pl-Growth-Gr Op 333,924 +6.1% +0.5% 151
Axis Bank Limited 708,125 +21.8% -8.6% 87.1
Canara Bank 6,777,000 +60.6% -0.4% 84.7
Indus Towers Limited 1,759,500 +450.0% -0.2% 68.8
Kotak Mahindra Bank Limited 1,612,000 +30.2% -0.5% 62.9
Muthoot Finance Limited 199,375 +7,250.0% +4.1% 62.2
State Bank of India 528,750 +19.1% +0.1% 54.3
The Indian Hotels Company Limited 699,000 +665.7% +3.5% 51.6
Trimmed
ICICI Bank Limited 1,578,500 -51.0% +4.4% 227
Eternal Limited 7,391,400 -51.9% +14.3% 224
Bajaj Finance Limited 1,531,500 -49.2% +13.6% 175
HDFC Bank Limited 1,696,500 -14.7% -6.2% 127
Maruti Suzuki India Limited 63,750 -27.9% +0.8% 90.7
AU Small Finance Bank Limited 762,000 -28.3% +1.0% 79.8
Bharat Electronics Limited 1,718,550 -56.1% -5.8% 66.7
Titan Company Limited 128,450 -73.1% +10.7% 62.6
Sold out of
Nippon India Liquid Fund-Direct Growth Plan 145,834 exited — 100
IndusInd Bank Limited 553,000 exited — 51.1
Sona BLW Precision Forgings Limited 384,650 exited — 23.8
Exide Industries Limited 545,400 exited — 21.1
Lodha Developers Limited 106,250 exited — 10.2
REC Limited 240,975 exited — 8.8
ICICI Lombard General Insurance Company Limited 31,200 exited — 5.4
Swiggy Limited 136,875 exited — 3.3
Not equityPrevious filingThis filingChange
Cash, repo and TREPS ₹0 cr ₹0 cr +₹0 cr
Debt: bills, CDs and commercial paper ₹605 cr ₹1,091 cr +₹487 cr

The list above is stocks and fund units. Treasury bills, repo and money-market lines roll over every month by design — they are not decisions, so they are totalled here rather than listed as activity.

A ₹10,000 monthly SIP over five years

InvestedValueGainXIRR
₹600,000 ₹705,055 ₹105,055 6.40%

XIRR, not CAGR — a SIP's money arrives over sixty months, so each instalment has been invested for a different length of time.

Not investment advice. InvestVerdict is not a SEBI-registered Investment Adviser or Research Analyst. Every figure is computed from AMFI's published NAV history and the portfolio the AMC filed with AMFI; none of it is a recommendation to buy, hold or sell. Past returns do not predict future ones. Generated 31 Oct 2026.