This scheme has not published a NAV since 17 Jan 2017 — 9.6 years ago. It has most likely matured, merged or been wound up, so every figure below is a record of what it did up to that date, not a current price. Do not read it as a fund you can buy today.
ICICI Prudential Arbitrage Fund
Fund basics
Returns
No CAGR is shown for an 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.
Everything the NAV says
Computed from 543 published NAVs between 5 Nov 2014 and 17 Jan 2017 — 2.2 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 |
|---|---|---|---|---|---|---|---|---|---|
| ICICI Prudential Arbitrage Fund Regular | 0.36 | 1.42 | 3.18 | 6.69 | — | — | — | — | 7.15 |
| Arbitrage category median · 30 funds | — | — | — | 5.92 | 6.68 | 5.92 | — | 5.75 | — |
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 Regular 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 17 Jan 2017.
Risk measures
| Fund name | Volatility | Sharpe | Sortino | Beta | Alpha | Max fall |
|---|---|---|---|---|---|---|
| ICICI Prudential Arbitrage Fund Regular | 1.02 | 0.64 | 1.30 | — | — | -0.25 |
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 | Sharpe | Sortino |
|---|---|---|---|
| 1.0% | 0.5% | 0.64 | 1.30 |
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 |
|---|---|---|
| -0.2% | 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.
Every one-year period it has lived through
| Best year | Median year | Worst year | Losing years |
|---|---|---|---|
| 8.0% | 6.7% | 6.1% | 0% |
Rolling returns ask a fairer question than a single five-year figure: not "what did it do from this one start date", but "what happened across every start date". A fund whose worst year is −45% is a different proposition from one whose worst is −8%, even if the averages match.
Calendar years
What it actually holds
The real portfolio the AMC filed with AMFI. Nothing here is estimated — when a fund has no filing in our store the section simply does not appear. A fund is its holdings; the returns above are only what those holdings did.
Asset allocation
A fund's risk starts here — how much of it is even in the market — before any question of which stocks or which sectors. Cash is not idleness; it is the manager's choice not to be invested, and it shows up as a drag in a rising market and a cushion in a falling one.
Portfolio aggregates
Concentration
| Number of stocks | 191 |
|---|---|
| Top 5 stocks | 0.32% |
| Top 10 stocks | 0.41% |
| Top 20 stocks | 0.53% |
| Largest single holding | 0.16% |
| Largest sector | UNRATED · — |
| Number of sectors | 49 |
| Effective stocks | 255,477.6 |
| Cash & equivalents | -0.61% |
Counting positions overstates diversification. The effective-stocks figure is the honest count: a portfolio can hold seventy names and still have most of its money in twenty.
Sector allocation
Largest holdings
Top 10 are 0.4% of the fund. A high number means a concentrated portfolio — fewer names doing more of the work, for better and for worse.
Disclosed holdings from the AMC's AMFI filing, largest first. A portfolio is filed monthly and shifts between filings — this is the most recent one loaded, not a live book.
How it compares with its closest peers
The same category, the same plan, the same option — the only comparison that means anything. A Arbitrage scheme against another of exactly the same kind.
| Scheme | Return | Alpha | Beta | Volatility | Sharpe | Max fall |
|---|---|---|---|---|---|---|
| ICICI Prudential Arbitrage Fund ICICI Prudential Mutual Fund · this scheme | — | — | — | 1.0% | 0.64 | -0.2% |
| BANDHAN Arbitrage Fund Bandhan Mutual Fund | 14.8% | — | — | 13.2% | 0.63 | -1.9% |
| BANDHAN Arbitrage Fund Bandhan Mutual Fund | -4.9% | — | — | 10.2% | -1.11 | -30.0% |
| Edelweiss Arbitrage Fund Edelweiss Mutual Fund | 6.8% | — | — | 1.0% | 0.34 | -0.5% |
| ICICI Prudential Arbitrage Fund ICICI Prudential Mutual Fund | 6.1% | — | — | 1.7% | -0.23 | -1.3% |
| ICICI Prudential Arbitrage Fund ICICI Prudential Mutual Fund | 6.7% | — | — | 1.0% | 0.19 | -0.6% |
| JM Arbitrage Fund JM Financial Mutual Fund | 6.0% | — | — | 1.0% | -0.49 | -0.6% |
| JM Arbitrage Fund JM Financial Mutual Fund | 6.0% | — | — | 1.0% | -0.49 | -0.6% |
| JM Arbitrage Fund JM Financial Mutual Fund | 6.7% | — | — | 1.0% | 0.23 | -0.5% |
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 ICICI Prudential Arbitrage Fund — —?
₹11.8080 as on 17 Jan 2017, 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 ICICI Prudential 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 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.