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InvestVerdict

Axis Arbitrage Fund

Regular Plan · Growth Option · Arbitrage · Scheme code 130771

NAV₹20.1343as on 28 Oct 2026
Fund houseAxis Mutual Fund
CategoryArbitrage
Plan & optionRegular · Growth Option
History12.0 years

Returns (%)

 1M3M6M1Y3Y5Y7Y10YLaunch
This scheme 0.481.922.85 5.896.716.03 5.495.695.91
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% 0.41 0.58 — — -0.7% —

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

92130169207201620182020202220242026InvestVerdict

Every one-year period it has lived through

WindowsWorstMedianBestPeriods that lost money
2,722 2.7% 6.0% 8.1% 0%

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

Axis Arbitrage Fund

Regular Plan · Growth Option

Allocation

By asset

Equity69.68%
Debt17.22%
Mutual Fund Units13.06%
Cash & Equivalents0.07%

By market cap

Large Cap54.44%
Mid Cap12.05%
Small Cap3.19%
Unclassified30.28%

Concentration

Number of stocks170
Top 5 stocks27.36%
Top 10 stocks37.91%
Top 20 stocks52.78%
Lines in the filing367
Largest holding13.06%
Largest sectorTransport Infrastructure —
Effective stocks33.1
Sectors held46
Cash0.07%

Effective stocks is what the concentration works out to: a fund holding 170 names but most of its money in a few behaves like a fund of 33. Cash includes repo and TREPS, which every fund parks money in overnight.

Sector split

Banks — 18.6%Unclassified — 13.1%CRISIL A1+ — 10.0%CARE A1+ — 6.3%Finance — 6.3%Telecom - Services — 4.5%Petroleum Products — 4.3%Ferrous Metals — 3.8%Pharmaceuticals & Biotechnology — 3.6%Other — 29.6%Banks18.6%Unclassified13.1%CRISIL A1+10.0%CARE A1+6.3%Finance6.3%Telecom - Services4.5%Petroleum Products4.3%Ferrous Metals3.8%Pharmaceuticals & Biotech…3.6%Other29.6%
Banks18.61%
Unclassified13.06%
CRISIL A1+9.97%
CARE A1+6.29%
Finance6.25%
Telecom - Services4.48%
Petroleum Products4.27%
Ferrous Metals3.83%
Pharmaceuticals & Biotechnology3.64%
Electrical Equipment3.41%
Industrial Products2.58%
Power2.49%
Diversified FMCG1.94%
Aerospace & Defense1.77%
IT - Software1.48%
Insurance1.45%
Metals & Minerals Trading1.31%
Non - Ferrous Metals1.25%
Cement & Cement Products1.22%
Consumable Fuels1.19%
InvestVerdict

Axis Arbitrage Fund

Regular Plan · Growth Option · holdings

Top 30 holdings

#CompanySectorShares held Value
₹ cr		% of fund
1 Net Receivables / (Payables) Unclassified — 6,965 68.51%
2 Axis Money Market Fund - Direct Plan - Growth Option Unclassified 8,475,144 1,328 13.06%
3 HDFC Bank Limited Banks 5,830,500 413 4.06%
4 ICICI Bank Limited Banks 2,948,400 390 3.83%
5 Reliance Industries Limited Petroleum Products 3,228,000 383 3.77%
6 Bharat Heavy Electricals Limited Electrical Equipment 6,452,250 268 2.64%
7 State Bank of India Banks 2,787,750 267 2.63%
8 Bharti Airtel Limited Telecom - Services 1,287,250 226 2.22%
9 Canara Bank (10/02/2027) CRISIL A1+ 4,000 195 1.92%
10 National Bank For Agriculture and Rural Development (10/03/2027) CRISIL A1+ 4,000 194 1.91%
11 Small Industries Dev Bank of India (04/02/2027) CARE A1+ 3,900 190 1.87%
12 Tata Steel Limited Ferrous Metals 10,114,500 186 1.83%
13 Canara Bank (02/02/2027) CRISIL A1+ 3,500 171 1.68%
14 National Bank For Agriculture and Rural Development (02/03/2027) CRISIL A1+ 3,500 170 1.67%
15 Kotak Mahindra Bank Limited Banks 3,862,000 161 1.58%
16 Clearing Corporation of India Ltd Unclassified — 157 1.54%
17 Bajaj Finance Limited Finance 1,512,000 145 1.43%
18 Cummins India Limited Industrial Products 299,400 143 1.40%
19 Axis Bank Limited Banks 1,148,125 141 1.38%
20 Adani Enterprises Limited Metals & Minerals Trading 459,174 133 1.31%
21 Bharat Electronics Limited Aerospace & Defense 3,391,500 132 1.30%
22 Small Industries Dev Bank of India (18/02/2027) CARE A1+ 2,700 132 1.29%
23 Divi's Laboratories Limited Pharmaceuticals & Biotechnology 137,000 127 1.25%
24 Bank of Baroda (25/01/2027) CARE A1+ 2,500 122 1.20%
25 Canara Bank Banks 10,104,750 121 1.19%
26 Coal India Limited Consumable Fuels 2,847,150 121 1.19%
27 Hindustan Unilever Limited Diversified FMCG 637,200 120 1.18%
28 Hindalco Industries Limited Non - Ferrous Metals 1,250,900 118 1.16%
29 Infosys Limited IT - Software 1,173,200 117 1.15%
30 Vodafone Idea Limited Telecom - Services 89,272,275 116 1.14%
InvestVerdict

Axis Arbitrage Fund

Regular Plan · Growth Option · where the money sits

What the manager did last month

Between the filings of 31 May 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
₹1,406 cr ₹1,616 cr 22 18 +1.89%
StockShares tradedShares PriceValue
₹ cr
New position
Coal India Limited 1,952,100 entered — 80.9
Ashok Leyland Limited 2,265,000 entered — 37.6
The Federal Bank Limited 890,000 entered — 31.9
Muthoot Finance Limited 80,025 entered — 25.0
Asian Paints Limited 65,750 entered — 18.1
BSE Limited 42,400 entered — 15.5
Lupin Limited 59,500 entered — 14.4
Oracle Financial Services Software Limited 9,400 entered — 10.5
Added to
Hindustan Unilever Limited 642,300 +1,964.2% -2.4% 135
Hindalco Industries Limited 1,330,000 +1,055.6% -13.5% 130
Indus Towers Limited 2,478,600 +248.0% -11.5% 96.9
Adani Power Limited 3,968,900 +258.8% -13.2% 83.9
Divi's Laboratories Limited 81,800 +261.3% +20.8% 65.9
One 97 Communications Limited 429,200 +299.0% +20.0% 57.6
Hitachi Energy India Limited 17,850 +580.5% -16.3% 57.4
Bharat Electronics Limited 1,289,625 +34.7% -5.6% 50.0
Trimmed
Axis Money Market Fund - Direct Plan - Growth Option 1,680,345 -16.6% +1.6% 260
Eternal Limited 5,165,250 -82.0% +20.7% 156
ICICI Bank Limited 1,046,500 -32.8% +14.3% 150
HDFC Bank Limited 1,107,700 -18.2% +0.5% 82.9
Sun Pharmaceutical Industries Limited 379,400 -98.5% +10.6% 75.5
TVS Motor Company Limited 152,075 -53.5% +28.5% 65.6
Shriram Finance Limited 503,250 -90.6% +10.5% 52.7
Mahindra & Mahindra Limited 141,600 -99.9% +11.6% 48.1
Sold out of
Exide Industries Limited 608,400 exited — 23.5
Prestige Estates Projects Limited 115,650 exited — 15.8
Max Healthcare Institute Limited 153,300 exited — 14.8
Multi Commodity Exchange of India Limited 45,625 exited — 13.5
Lodha Developers Limited 120,150 exited — 11.3
Waaree Energies Limited 32,200 exited — 10.1
Kalyan Jewellers India Limited 232,650 exited — 8.3
Swiggy Limited 250,900 exited — 6.5
Not equityPrevious filingThis filingChange
Cash, repo and TREPS ₹0 cr ₹0 cr +₹0 cr
Debt: bills, CDs and commercial paper ₹1,429 cr ₹1,886 cr +₹458 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 ₹705,599 ₹105,599 6.43%

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 30 Oct 2026.