Helios Arbitrage Fund
Fund basics
Returns
No CAGR is shown for an IDCW scheme, and that is deliberate. Its NAV falls by every payout it makes, so a return computed from NAV alone understates it by exactly the amount distributed — and AMFI's daily file carries no payout history to add back. A wrong number wearing the right label is worse than an honest gap. The Growth option of this same fund is the one to compare on returns.
Direct vs Regular — same portfolio, two prices
The same fund, the same manager, the same shares. The only difference is the distributor commission inside the Regular plan's expense ratio — charged every year, on the whole balance.
| Plan | NAV | 1y | 3y | 5y |
|---|---|---|---|---|
| Direct (this page) | 10.2300 | — | — | — |
| Regular | 10.2000 | — | — | — |
The two NAVs are 0.3% apart today. They started life at the same ₹10 — the whole of that gap is what the commission has taken out of the Regular plan since launch.
Everything the NAV says
Computed from 108 published NAVs between 23 Mar 2026 and 27 Aug 2026 — 0.4 years of history. Nothing here is an estimate; it is arithmetic on what the fund actually printed.
How it has moved
Return over time (%)
| Fund name | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y | Since launch |
|---|---|---|---|---|---|---|---|---|---|
| Helios Arbitrage Fund Direct | 0.49 | 1.59 | — | — | — | — | — | — | — |
| Arbitrage category median · 28 funds | — | — | — | 6.59 | 7.40 | 6.62 | — | 6.39 | — |
Anything over a year is annualised (CAGR); shorter windows are absolute. The benchmark row is the index fund named below, priced daily by AMFI like every other scheme here. The category row is the median Direct plan in Arbitrage — the middle fund, not a ranking, and a median rather than an average so that one mis-stated scheme cannot move it. As on 26 Aug 2026.
Risk measures
| Fund name | Volatility | Sharpe | Sortino | Beta | Alpha | Max fall |
|---|---|---|---|---|---|---|
| Helios Arbitrage Fund Direct | 1.69 | — | — | — | — | -0.39 |
Risk measures use a risk-free rate of 6.5% and are stated so they can be checked — a ratio quoted without its risk-free rate cannot be. Beta and alpha need an index, so they are blank for the benchmark row itself.
Risk
| Volatility | Downside volatility |
|---|---|
| 1.7% | 1.0% |
Sharpe and Sortino use a risk-free rate of 6.5%, roughly the 10-year government bond. Both are stated so the figure can be checked — a ratio quoted without its risk-free rate cannot be.
The worst it has been
| Deepest fall | Time to recover | Today, from its peak |
|---|---|---|
| -0.4% | 0 months | At a high |
A drawdown is the fall from a previous high to the low that followed it. It is the number that decides whether somebody stays invested — a fund can have an excellent ten-year return and still have been unbearable to hold in year four.
How it compares with its closest peers
The same category, the same plan, the same option — the only comparison that means anything. A Arbitrage Direct Plan IDCW scheme against another of exactly the same kind.
| Scheme | Return | Alpha | Beta | Volatility | Sharpe | Max fall |
|---|---|---|---|---|---|---|
| Helios Arbitrage Fund Helios Mutual Fund · this scheme | — | — | — | 1.7% | — | -0.4% |
| Bajaj Finserv Arbitrage Fund Bajaj Finserv Mutual Fund | — | — | — | 1.0% | 0.50 | -0.4% |
| Capitalmind Arbitrage Fund Capitalmind Mutual Fund | — | — | — | 1.5% | — | -0.4% |
| DSP Arbitrage fund DSP Mutual Fund | 3.8% | — | — | 4.8% | -0.56 | -11.0% |
| Edelweiss Arbitrage Fund Edelweiss Mutual Fund | 7.4% | — | — | 2.1% | 0.44 | -4.1% |
| Edelweiss Arbitrage Fund Edelweiss Mutual Fund | 7.0% | — | — | 1.8% | 0.28 | -3.6% |
| Franklin India Arbitrage Fund Franklin Templeton Mutual Fund | — | — | — | 1.0% | 0.48 | -0.4% |
| ICICI Prudential Arbitrage Fund ICICI Prudential Mutual Fund | 3.6% | — | — | 2.3% | -1.25 | -4.1% |
| Invesco India Arbitrage Fund Invesco Mutual Fund | 7.5% | — | — | 2.1% | 0.48 | -3.8% |
Alpha and beta are against the category index. Max fall is the deepest peak-to-trough drop in each fund's own history, so a longer-running fund has had more chances to record a bad one. Click a column to sort. This is a sort, not a ranking, and nothing here is a recommendation.
What a Arbitrage scheme is
Buying in the cash market and selling in futures, capturing the spread.
Returns look like a short-term debt fund but are taxed as equity, which is the reason these exist. Returns depend on market activity — in quiet markets the spread thins and so does the return.
Who it suits. Parking money for a few months to a year in a taxable account.
How long money should stay. 6 months to 1 year.
Compare this scheme with others →
Questions people ask
What is the NAV of Helios Arbitrage Fund — Direct Plan — IDCW?
₹10.2300 as on 26 Aug 2026, from AMFI's daily NAV file. NAV is declared once each business day after markets close, so the figure here is the most recent one published.
What is the difference between the Direct and Regular plan of Helios Arbitrage Fund?
They hold the identical portfolio, run by the same manager. A Regular plan pays a distributor commission out of the fund, inside its expense ratio — commonly 0.5% to 1.2% a year more than Direct. That difference is charged on the whole balance, every year, so it compounds: on ₹1,00,000 held ten years a gap of 1.5 percentage points is roughly ₹1.4 lakh of ending value. Direct is the same fund without the commission.
What does the IDCW option mean?
An IDCW option pays part of the fund's gains out to you, and the NAV falls by exactly what it pays. It is not extra return — it is your own money returned, taxed at your slab rate. That also means a return computed from NAV alone understates an IDCW scheme, which is why no CAGR is shown here for it.
What kind of scheme is this?
Buying in the cash market and selling in futures, capturing the spread. Returns look like a short-term debt fund but are taxed as equity, which is the reason these exist. Returns depend on market activity — in quiet markets the spread thins and so does the return.
How long should money stay in it?
Typically 6 months to 1 year. Parking money for a few months to a year in a taxable account.