Zerodha Arbitrage Fund
Fund basics
Returns
Returns for this scheme are not computed yet — we need at least three years of published NAV. The NAV above is today's, straight from AMFI.
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 Growth Option scheme against another of exactly the same kind.
| Scheme | Return | Alpha | Beta | Volatility | Sharpe | Max fall |
|---|---|---|---|---|---|---|
| Axis Arbitrage Fund Axis Mutual Fund | 7.3% | — | — | 1.0% | 0.81 | -0.6% |
| BARODA BNP PARIBAS ARBITRAGE FUND Baroda BNP Paribas Mutual Fund | 7.3% | — | — | 1.0% | 0.81 | -0.3% |
| HDFC Arbitrage Fund HDFC Mutual Fund | 7.3% | — | — | 1.1% | 0.68 | -0.8% |
| ITI Arbitrage Fund ITI Mutual Fund | 7.3% | — | — | 1.0% | 0.74 | -0.6% |
| JM Arbitrage Fund JM Financial Mutual Fund | 6.9% | — | — | 1.0% | 0.42 | -0.5% |
| JioBlackRock Arbitrage Fund Jio BlackRock Mutual Fund | — | — | — | 1.3% | — | -0.4% |
| NJ Arbitrage Fund NJ Mutual Fund | 6.8% | — | — | 1.0% | 0.27 | -0.6% |
| Nippon India Arbitrage Fund Nippon India Mutual Fund | 7.3% | — | — | 1.1% | 0.73 | -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 Zerodha Arbitrage Fund — Direct Plan — Growth Option?
₹9.9901 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 Zerodha 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 Growth option mean?
Growth reinvests everything the fund earns back into the NAV. Nothing is paid out, so the NAV rises with returns and you are taxed only when you sell. For anybody who does not need income from the investment, Growth is the simpler and usually the more tax-efficient option.
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.