This scheme has not published a NAV since 6 Aug 2019 — 7.1 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.
PGIM India 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.
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 |
|---|---|---|---|---|---|---|
| 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 | — | — | — | 1.0% | 0.64 | -0.2% |
| 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% |
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 PGIM India Arbitrage Fund — —?
₹11.0011 as on 6 Aug 2019, 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 PGIM India 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.