Bank of India Arbitrage Fund Direct Growth

Fund Overview

Fund Size

₹43 Cr

Expense Ratio

0.37%

ISIN

INF761K01ED3

Minimum SIP

₹1,000

Exit Load

No Charges

Inception Date

18 Jun 2018

About this fund

Bank of India Arbitrage Fund Direct Growth is a Arbitrage Fund mutual fund schemes offered by BOI Mutual Fund. This fund has been in existence for 7 years, 7 months and 19 days, having been launched on 18-Jun-18.
As of 05-Feb-26, it has a Net Asset Value (NAV) of ₹14.91, Assets Under Management (AUM) of 42.86 Crores, and an expense ratio of 0.37%.

Bank of India Arbitrage Fund Direct Growth has given a CAGR return of 5.37% since inception.
The fund's asset allocation comprises around -0.44% in equities, 4.22% in debts, and 96.16% in cash & cash equivalents.
You can start investing in Bank of India Arbitrage Fund Direct Growth with a SIP of ₹1000 or a Lumpsum investment of ₹5000.

Performance against Category Average

In this section, we compare the returns of the scheme with the category average over various periods. Periods for which the fund has outperformed its category average are marked in green, otherwise red.

1 Year

+6.29%

+6.29% (Cat Avg.)

3 Years

+6.96%

+7.00% (Cat Avg.)

5 Years

+5.52%

+5.92% (Cat Avg.)

Since Inception

+5.37%

— (Cat Avg.)

Portfolio Summaryas of 31st December 2025

Equity	₹-0.19 Cr	-0.44%
Debt	₹1.81 Cr	4.22%
Others	₹41.24 Cr	96.22%

Top Holdings

All Holdings

Equity

Debt & Others

Name	Type	Amount	Holdings
Net Receivables / (Payables)	Cash	₹32.98 Cr	76.95%
Bank of India Liquid Dir Gr	Mutual Fund - Open End	₹5.94 Cr	13.86%
Future on BANK Index	Equity Index - Future	₹-3.55 Cr	8.28%
Future on Hindalco Industries Ltd	Equity - Future	₹-3.24 Cr	7.56%
Hindalco Industries Ltd	Equity	₹3.23 Cr	7.53%
Future on Jio Financial Services Ltd	Equity - Future	₹-2.16 Cr	5.05%
Jio Financial Services Ltd	Equity	₹2.15 Cr	5.01%
Future on Sammaan Capital Ltd	Equity - Future	₹-1.96 Cr	4.56%
Sammaan Capital Ltd	Equity	₹1.94 Cr	4.53%
Future on JSW Steel Ltd	Equity - Future	₹-1.9 Cr	4.43%
JSW Steel Ltd	Equity	₹1.89 Cr	4.40%
Future on Mahindra & Mahindra Ltd	Equity - Future	₹-1.79 Cr	4.18%
Mahindra & Mahindra Ltd	Equity	₹1.78 Cr	4.15%
Future on Patanjali Foods Ltd	Equity - Future	₹-1.68 Cr	3.92%
Patanjali Foods Ltd	Equity	₹1.67 Cr	3.89%
Future on ITC	Equity - Future	₹-1.62 Cr	3.78%
ITC Ltd	Equity	₹1.61 Cr	3.76%
Future on Multi Commodity Exchange of India Ltd	Equity - Future	₹-1.54 Cr	3.59%
Multi Commodity Exchange of India Ltd	Equity	₹1.53 Cr	3.57%
Axis Bank Ltd	Equity	₹1.43 Cr	3.33%
Future on Hindustan Aeronautics Ltd Ordinary Shares	Equity - Future	₹-1.39 Cr	3.24%
Hindustan Aeronautics Ltd Ordinary Shares	Equity	₹1.38 Cr	3.23%
Future on Max Healthcare Institute Ltd Ordinary Shares	Equity - Future	₹-1.32 Cr	3.09%
Treps	Cash - Repurchase Agreement	₹1.32 Cr	3.08%
Max Healthcare Institute Ltd Ordinary Shares	Equity	₹1.32 Cr	3.07%
Future on Grasim Industries Ltd	Equity - Future	₹-1.28 Cr	2.99%
Grasim Industries Ltd	Equity	₹1.27 Cr	2.97%
Vedanta Limited January 2026 Future	Equity - Future	₹-1.18 Cr	2.76%
Vedanta Ltd	Equity	₹1.18 Cr	2.76%
Kotak Mahindra Bank Ltd	Equity	₹1.14 Cr	2.67%
Future on Godrej Properties Ltd	Equity - Future	₹-1.11 Cr	2.59%
Future on CG Power & Industrial Solutions Ltd	Equity - Future	₹-1.11 Cr	2.58%
Godrej Properties Ltd	Equity	₹1.1 Cr	2.57%
CG Power & Industrial Solutions Ltd	Equity	₹1.1 Cr	2.57%
Future on Bank of Baroda	Equity - Future	₹-1.05 Cr	2.44%
Bank of Baroda	Equity	₹1.04 Cr	2.42%
Future on Hindustan Petroleum Corp Ltd	Equity - Future	₹-1.01 Cr	2.37%
Hindustan Petroleum Corp Ltd	Equity	₹1.01 Cr	2.36%
Future on PNB Housing Finance Ltd	Equity - Future	₹-0.99 Cr	2.32%
PNB Housing Finance Ltd	Equity	₹0.99 Cr	2.31%
Tata Consumer Future Jan 26	Equity - Future	₹-0.99 Cr	2.31%
Tata Consumer Products Ltd	Equity	₹0.98 Cr	2.29%
Future on Bajaj Finserv Ltd	Equity - Future	₹-0.92 Cr	2.15%
Bajaj Finserv Ltd	Equity	₹0.92 Cr	2.14%
RBL Bank Ltd	Equity	₹0.9 Cr	2.11%
Punjab National Bank Future Jan 26	Equity - Future	₹-0.9 Cr	2.09%
Future on Tube Investments of India Ltd Ordinary Shares	Equity - Future	₹-0.89 Cr	2.09%
Punjab National Bank	Equity	₹0.89 Cr	2.08%
Tube Investments of India Ltd Ordinary Shares	Equity	₹0.89 Cr	2.07%
India (Republic of)	Bond - Short-term Government Bills	₹0.88 Cr	2.06%
364 DTB 15012026	Bond - Gov't/Treasury	₹0.65 Cr	1.51%
S-Oil Future Jan 26	Equity - Future	₹-0.57 Cr	1.33%
Indian Oil Corp Ltd	Equity	₹0.57 Cr	1.33%
Treasury Bills	Bond - Gov't/Treasury	₹0.48 Cr	1.12%
Future on Bajaj Finance Ltd	Equity - Future	₹-0.45 Cr	1.04%
Bajaj Finance Ltd	Equity	₹0.44 Cr	1.04%
364 Days T-Bill 2026	Bond - Gov't/Treasury	₹0.44 Cr	1.03%
Treasury Bills	Bond - Gov't/Treasury	₹0.35 Cr	0.82%
Future on Reliance Industries Ltd	Equity - Future	₹-0.32 Cr	0.74%
Reliance Industries Ltd	Equity	₹0.31 Cr	0.73%
Future on Ambuja Cements Ltd	Equity - Future	₹-0.23 Cr	0.55%
Ambuja Cements Ltd	Equity	₹0.23 Cr	0.55%
Future on Varun Beverages Ltd	Equity - Future	₹-0.22 Cr	0.52%
Varun Beverages Ltd	Equity	₹0.22 Cr	0.51%
Future on Exide Industries Ltd	Equity - Future	₹-0.13 Cr	0.31%
Exide Industries Ltd	Equity	₹0.13 Cr	0.30%
Future on Adani Ports & Special Economic Zone Ltd	Equity - Future	₹-0.07 Cr	0.16%
Adani Ports & Special Economic Zone Ltd	Equity	₹0.07 Cr	0.16%
IndusInd Bank Ltd	Equity	₹0.06 Cr	0.14%

Allocation By Market Cap (Equity)

Allocation By Credit Quality (Debt)

AAA

Other Allocation

Equity Sector

Debt & Others

Sector	Amount	Holdings
Financial Services	₹13.44 Cr	31.35%
Basic Materials	₹7.8 Cr	18.21%
Consumer Defensive	₹4.49 Cr	10.46%
Industrials	₹3.44 Cr	8.03%
Consumer Cyclical	₹1.91 Cr	4.46%
Energy	₹1.89 Cr	4.42%
Healthcare	₹1.32 Cr	3.07%
Real Estate	₹1.1 Cr	2.57%

Risk & Performance Ratios

Fund Managers

Nilesh Jethani

Since July 2025

Additional Scheme Detailsas of 31st December 2025

ISIN

INF761K01ED3

Expense Ratio

0.37%

Exit Load

No Charges

Fund Size

₹43 Cr

Age

7 years 7 months

Lumpsum Minimum

₹5,000

Fund Status

Open Ended Investment Company

Benchmark

NIFTY 50 Arbitrage TR INR

Investment Objective

To seek to generate long-term capital growth from an actively managed portfolio primarily of Equity and Equity Related Securities. Scheme shall invest in Indian equities,foreign equities and related instruments and debt securities.

Tax Treatment

Capital Gains Taxation:

Dividend Taxation:

Note: As per the Income Tax Budget 2024, mutual funds are subject to capital gains taxation, which includes surcharge and cess based on prevailing income tax rules and the investor’s income. Taxation applies only to realised gains, not notional gains. Please consult your tax advisors to determine the implications or consequences of your investments in such securities.

Similar Arbitrage Fund Funds

Fund name	Expense Ratio	Exit Load	Fund size	1Y
JioBlackRock Arbitrage Fund Direct Growth Low Risk	0.2%	0.0%	₹231.95 Cr	-
Old Bridge Arbitrage Fund Direct Growth Low Risk	0.1%	0.0%	₹109.33 Cr	-
Old Bridge Arbitrage Fund Regular Growth Low Risk	1.0%	0.0%	₹109.33 Cr	-
The Wealth Company Arbitrage Fund Regular Growth Low Risk	0.9%	0.0%	₹172.42 Cr	-
The Wealth Company Arbitrage Fund Direct Growth Low Risk	0.3%	0.0%	₹172.42 Cr	-
TRUSTMF Arbitrage Fund Direct Growth Low to Moderate Risk	0.2%	0.0%	₹56.31 Cr	-
TRUSTMF Arbitrage Fund Regular Growth Low to Moderate Risk	1.0%	0.0%	₹56.31 Cr	-
Quant Arbitrage Fund Direct Growth Low Risk	0.3%	0.0%	₹40.00 Cr	-
Quant Arbitrage Fund Regular Growth Low Risk	0.9%	0.0%	₹40.00 Cr	-
f Motilal Oswal Arbitrage Fund Regular Growth Low Risk	1.0%	0.0%	₹1845.46 Cr	6.5%
f Motilal Oswal Arbitrage Fund Direct Growth Low Risk	0.1%	0.0%	₹1845.46 Cr	7.4%
Samco Arbitrage Fund Regular Growth Low Risk	1.6%	0.0%	₹13.23 Cr	4.0%
Samco Arbitrage Fund Direct Growth Low Risk	0.4%	0.0%	₹13.23 Cr	5.1%
Franklin India Arbitrage Fund Direct Growth Low Risk	0.3%	0.0%	₹669.23 Cr	7.2%
Franklin India Arbitrage Fund Regular Growth Low Risk	1.0%	0.0%	₹669.23 Cr	6.4%
WhiteOak Capital Arbitrage Fund Regular Growth Low Risk	1.1%	0.0%	₹849.68 Cr	6.4%
WhiteOak Capital Arbitrage Fund Direct Growth Low Risk	0.4%	0.0%	₹849.68 Cr	7.2%
Parag Parikh Arbitrage Fund Direct Growth Low Risk	0.3%	0.0%	₹2086.52 Cr	6.5%
Parag Parikh Arbitrage Fund Regular Growth Low Risk	0.7%	0.0%	₹2086.52 Cr	6.1%
Bajaj Finserv Arbitrage Fund Regular Growth Low Risk	1.1%	0.0%	₹1205.08 Cr	5.9%
Bajaj Finserv Arbitrage Fund Direct Growth Low Risk	0.4%	0.0%	₹1205.08 Cr	6.7%
SBI Arbitrage Opportunities Fund Direct Growth Low Risk	0.4%	0.0%	₹41713.82 Cr	6.9%
Bandhan Arbitrage Fund Regular Growth Low Risk	1.1%	0.0%	₹8967.81 Cr	6.0%
Nippon India Arbitrage Fund Direct Growth Low Risk	0.4%	0.0%	₹16393.17 Cr	6.8%
JM Arbitrage Fund Direct Growth Low Risk	0.4%	0.0%	₹359.67 Cr	6.5%
Invesco India Arbitrage Fund Direct Growth Low Risk	0.4%	0.0%	₹27399.88 Cr	7.0%
Kotak Equity Arbitrage Fund Direct Growth Low Risk	0.4%	0.0%	₹72153.44 Cr	6.9%
LIC MF Arbitrage Fund Direct Growth Low Risk	0.3%	0.0%	₹281.47 Cr	6.7%
LIC MF Arbitrage Fund Regular Growth Low Risk	1.0%	0.0%	₹281.47 Cr	6.0%
JM Arbitrage Fund Regular Growth Low Risk	1.1%	0.0%	₹359.67 Cr	5.7%
ICICI Prudential Equity Arbitrage Fund Regular Growth Low Risk	0.9%	0.0%	₹32297.28 Cr	6.3%
SBI Arbitrage Opportunities Fund Regular Growth Low Risk	0.9%	0.0%	₹41713.82 Cr	6.4%
UTI Arbitrage Fund Regular Growth Low Risk	0.8%	0.0%	₹10464.65 Cr	6.4%
NJ Arbitrage Fund Regular Growth Low Risk	1.0%	0.0%	₹260.49 Cr	5.5%
NJ Arbitrage Fund Direct Growth Low Risk	0.3%	0.0%	₹260.49 Cr	6.2%
Bandhan Arbitrage Fund Direct Growth Low Risk	0.3%	0.0%	₹8967.81 Cr	6.8%
Axis Arbitrage Fund Regular Growth Low Risk	1.0%	0.0%	₹8400.40 Cr	6.2%
Axis Arbitrage Fund Direct Growth Low Risk	0.3%	0.0%	₹8400.40 Cr	7.0%
UTI Arbitrage Fund Direct Growth Low Risk	0.3%	0.0%	₹10464.65 Cr	6.9%
Union Arbitrage Fund Direct Growth Low Risk	0.5%	0.0%	₹273.86 Cr	6.5%
Union Arbitrage Fund Regular Growth Low Risk	1.1%	0.0%	₹273.86 Cr	5.8%
Aditya Birla Sun Life Arbitrage Fund Regular Growth Low Risk	1.0%	0.0%	₹25396.48 Cr	6.3%
Aditya Birla Sun Life Arbitrage Fund Direct Growth Low Risk	0.3%	0.0%	₹25396.48 Cr	7.1%
ICICI Prudential Equity Arbitrage Fund Direct Growth Low Risk	0.4%	0.0%	₹32297.28 Cr	6.9%
Groww Arbitrage Fund Direct Growth Low Risk	0.4%	0.0%	₹2.49 Cr	5.8%
Groww Arbitrage Fund Regular Growth Low Risk	1.1%	0.0%	₹2.49 Cr	5.1%
Nippon India Arbitrage Fund Regular Growth Low Risk	1.1%	0.0%	₹16393.17 Cr	6.1%
HDFC Arbitrage Fund Direct Growth Low Risk	0.4%	0.0%	₹24030.89 Cr	6.8%
PGIM India Arbitrage Fund Direct Growth Low Risk	0.4%	0.0%	₹90.50 Cr	6.6%
PGIM India Arbitrage Fund Regular Growth Low Risk	1.0%	0.0%	₹90.50 Cr	5.8%

About the AMC

BOI Mutual Fund

+91 22 40479000

https://www.boimf.in/

Total AUM

₹13,696 Cr

Address

B/204, Tower 1, Peninsula Corporate Park, Mumbai, 400 013

Other Funds by BOI Mutual Fund

Fund name	Expense Ratio	Exit Load	Fund size	1Y
Bank of India Banking and Financial Services Fund Direct Growth Very High Risk	-	1.0%	-	-
Bank of India Mid Cap Fund Direct Growth Very High Risk	1.1%	1.0%	₹683.84 Cr	-
Bank of India Money Market Fund Direct Growth Low to Moderate Risk	0.1%	0.0%	₹368.88 Cr	7.3%
Bank of India Consumption Fund Direct Growth Very High Risk	1.1%	1.0%	₹415.19 Cr	4.9%
Bank of India Business Cycle Fund Direct Growth Very High Risk	1.0%	1.0%	₹503.00 Cr	0.3%
Bank of India Multi Asset Allocation Fund Direct Growth Very High Risk	0.9%	1.0%	₹344.16 Cr	14.4%
Bank of India Midcap Tax Fund Series 1 Direct Growth Very High Risk	-	0.0%	₹62.46 Cr	5.0%
Bank of India Midcap Tax Fund Series 2 Direct Growth Very High Risk	-	0.0%	₹32.49 Cr	4.1%
Bank of India Mid & Small Cap Equity & Debt Direct Growth Very High Risk	0.7%	1.0%	₹1349.38 Cr	6.6%
Bank of India Conservative Hybrid Fund Direct Growth Moderate Risk	1.2%	1.0%	₹65.30 Cr	5.3%
Bank of India Balanced Advantage Fund Direct Growth Very High Risk	1.0%	1.0%	₹146.37 Cr	10.0%
Bank of India Multi Cap Fund Direct Growth Very High Risk	0.8%	1.0%	₹1013.29 Cr	10.1%
Bank of India Bluechip Fund Direct Growth Very High Risk	0.7%	1.0%	₹209.59 Cr	13.2%
Bank of India Flexi Cap Fund Direct Growth Very High Risk	0.5%	1.0%	₹2243.99 Cr	7.3%
Bank of India Large & Mid Cap Equity Fund Direct Growth Very High Risk	0.8%	1.0%	₹456.41 Cr	9.7%
Bank of India Liquid Direct Growth Low to Moderate Risk	0.1%	0.0%	₹1107.10 Cr	6.5%
Bank of India S/T Income Direct Growth Low to Moderate Risk	0.5%	0.0%	₹290.76 Cr	7.1%
Bank of India Manufacturing and Infrastructure fund Direct Growth Very High Risk	0.6%	1.0%	₹673.53 Cr	13.4%
Bank of India Tax Advantage Fund Direct Growth Very High Risk	0.8%	0.0%	₹1401.86 Cr	4.9%
Bank of India Ultra Short Duration Fund Direct Growth Low to Moderate Risk	0.3%	0.0%	₹158.66 Cr	6.8%
Bank of India Credit Risk Fund Direct Growth Moderately High risk	1.0%	4.0%	₹106.96 Cr	12.0%
Bank of India Small Cap Fund Direct Growth Very High Risk	0.5%	1.0%	₹1938.92 Cr	-1.2%
Bank of India Overnight Fund Direct Growth Low Risk	0.1%	0.0%	₹81.41 Cr	5.8%
Bank of India Arbitrage Fund Direct Growth Low Risk	0.4%	0.0%	₹42.86 Cr	6.3%

Risk Level

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What is the current NAV of Bank of India Arbitrage Fund Direct Growth?

The NAV of Bank of India Arbitrage Fund Direct Growth, as of 05-Feb-2026, is ₹14.91.

What are the returns of Bank of India Arbitrage Fund Direct Growth?

The fund has generated 6.29% over the last 1 year and 6.96% over the last 3 years. However, this does not guarantee that the fund will perform similarly in the future.

What is the portfolio composition of Bank of India Arbitrage Fund Direct Growth?

The fund's allocation of assets is distributed as -0.44% in equities, 4.22% in bonds, and 96.16% in cash and cash equivalents.

Who manages the Bank of India Arbitrage Fund Direct Growth?

The fund managers responsible for Bank of India Arbitrage Fund Direct Growth are:-

Nilesh Jethani

Disclaimer: Mutual Fund investments are subject to market risks, read all scheme-related documents carefully. The NAVs of the schemes may go up or down depending upon the factors and forces affecting the securities market including the fluctuations in the interest rates. The past performance of the mutual funds is not necessarily indicative of the future performance of the schemes. Investors are requested to review the prospectus carefully and obtain expert professional advice with regard to specific legal, tax and financial implications of the investment/participation in the scheme.

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Bank of India Arbitrage Fund Direct Growth

Fund Overview