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Bank of India Arbitrage Fund Direct Growth
Alternative StrategiesArbitrage FundLow Risk
Direct
NAV (09-Sep-26)
₹15.41-0.10%1D
Returns (Since Inception)
5.40%
Rated ★4.3+ on 
Fund Overview
Fund Size
₹136 Cr
Expense Ratio
2.05%
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 8 years, 2 months and 23 days, having been launched on 18-Jun-18.
As of 09-Sep-26, it has a Net Asset Value (NAV) of ₹15.41, Assets Under Management (AUM) of 135.81 Crores, and an expense ratio of 2.05%.
As of 09-Sep-26, it has a Net Asset Value (NAV) of ₹15.41, Assets Under Management (AUM) of 135.81 Crores, and an expense ratio of 2.05%.
- Bank of India Arbitrage Fund Direct Growth has given a CAGR return of 5.40% since inception.
- The fund's asset allocation comprises around 1.77% in equities, 1.04% in debts, and 99.18% 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
+5.95%
+6.11% (Cat Avg.)
3 Years
+6.76%
+6.80% (Cat Avg.)
5 Years
+5.82%
+6.16% (Cat Avg.)
Since Inception
+5.40%
— (Cat Avg.)
Portfolio Summaryas of 31st July 2026
| Equity | ₹2.41 Cr | 1.77% |
| Debt | ₹1.41 Cr | 1.04% |
| Others | ₹131.99 Cr | 97.19% |
Top Holdings
All Holdings
Equity
Debt & Others
| Name | Type  | Amount | Holdings |
|---|---|---|---|
| Net Receivables / (Payables) | Cash - Collateral | ₹102.36 Cr | 75.37% |
| Future on BANK Index | Equity Index - Future | ₹-20.32 Cr | 14.96% |
| Bank of India Liquid Dir Gr | Mutual Fund - Open End | ₹19.22 Cr | 14.15% |
| Canara Bank | Equity | ₹6.75 Cr | 4.97% |
| Vedanta Limited August 2026 Future | Equity - Future | ₹-5.62 Cr | 4.14% |
| Vedanta Ltd | Equity | ₹5.59 Cr | 4.12% |
| Future on ITC | Equity - Future | ₹-5.3 Cr | 3.90% |
| ITC Ltd | Equity | ₹5.28 Cr | 3.89% |
| Future on Divi's Laboratories Ltd | Equity - Future | ₹-5.09 Cr | 3.75% |
| Divi's Laboratories Ltd | Equity | ₹5.08 Cr | 3.74% |
| Future on Bajaj Finance Ltd | Equity - Future | ₹-4.98 Cr | 3.67% |
| Bajaj Finance Ltd | Equity | ₹4.96 Cr | 3.66% |
| State Bank of India Future Aug 26 | Equity - Future | ₹-4.88 Cr | 3.59% |
| Treps | Cash - Repurchase Agreement | ₹4.88 Cr | 3.59% |
| State Bank of India | Equity | ₹4.85 Cr | 3.57% |
| Punjab National Bank | Cash - CD/Time Deposit | ₹4.83 Cr | 3.56% |
| Future on Bank of Baroda | Equity - Future | ₹-4.71 Cr | 3.47% |
| Bank of Baroda | Equity | ₹4.68 Cr | 3.45% |
| Future on Vodafone Idea Ltd | Equity - Future | ₹-4.58 Cr | 3.37% |
| Vodafone Idea Ltd | Equity | ₹4.56 Cr | 3.36% |
| Kotak Mahindra Bank Ltd | Equity | ₹4.37 Cr | 3.22% |
| Future on Reliance Industries Ltd | Equity - Future | ₹-4.33 Cr | 3.19% |
| Reliance Industries Ltd | Equity | ₹4.32 Cr | 3.18% |
| Future on Unilever | Equity - Future | ₹-4.23 Cr | 3.12% |
| Hindustan Unilever Ltd | Equity | ₹4.22 Cr | 3.11% |
| Future on Steel Authority Of India Ltd | Equity - Future | ₹-4.22 Cr | 3.11% |
| Steel Authority Of India Ltd | Equity | ₹4.21 Cr | 3.10% |
| HDFC Bank Ltd | Equity | ₹4.13 Cr | 3.04% |
| Future on Tata Steel Ltd | Equity - Future | ₹-3.62 Cr | 2.66% |
| Tata Steel Ltd | Equity | ₹3.6 Cr | 2.65% |
| Future on JSW Steel Ltd | Equity - Future | ₹-3.53 Cr | 2.60% |
| JSW Steel Ltd | Equity | ₹3.51 Cr | 2.59% |
| Future on Samvardhana Motherson International Ltd | Equity - Future | ₹-3.08 Cr | 2.27% |
| Axis Bank Ltd | Equity | ₹3.07 Cr | 2.26% |
| Samvardhana Motherson International Ltd | Equity | ₹3.06 Cr | 2.25% |
| Future on Aluminium | Commodity - Future | ₹-2.76 Cr | 2.03% |
| National Aluminium Co Ltd | Equity | ₹2.76 Cr | 2.03% |
| Future on Ambuja Cements Ltd | Equity - Future | ₹-2.03 Cr | 1.50% |
| Ambuja Cements Ltd | Equity | ₹2.02 Cr | 1.49% |
| Indian Bank | Equity | ₹1.92 Cr | 1.42% |
| Future on Bharti Airtel Ltd | Equity - Future | ₹-1.5 Cr | 1.11% |
| Bharti Airtel Ltd | Equity | ₹1.5 Cr | 1.10% |
| India (Republic of) | Bond - Short-term Government Bills | ₹1.49 Cr | 1.09% |
| UPL Future Aug 26 | Equity - Future | ₹-1.48 Cr | 1.09% |
| UPL Ltd | Equity | ₹1.47 Cr | 1.09% |
| Cipla Limited August 2026 Future | Equity - Future | ₹-1.32 Cr | 0.97% |
| Cipla Ltd | Equity | ₹1.31 Cr | 0.97% |
| Future on Grasim Industries Ltd | Equity - Future | ₹-1.16 Cr | 0.86% |
| Grasim Industries Ltd | Equity | ₹1.16 Cr | 0.86% |
| Future on ICICI Prudential Life Insurance Co Ltd | Equity - Future | ₹-1.15 Cr | 0.85% |
| ICICI Prudential Life Insurance Co Ltd | Equity | ₹1.14 Cr | 0.84% |
| Future on CG Power & Industrial Solutions Ltd | Equity - Future | ₹-1.03 Cr | 0.76% |
| CG Power & Industrial Solutions Ltd | Equity | ₹1.03 Cr | 0.76% |
| Future on Apollo Hospitals Enterprise Ltd | Equity - Future | ₹-1.01 Cr | 0.74% |
| Apollo Hospitals Enterprise Ltd | Equity | ₹1.01 Cr | 0.74% |
| 08/10/2026 Maturing 364 DTB | Bond - Gov't/Treasury | ₹0.99 Cr | 0.73% |
| Biocon Limited August 2026 Future | Equity - Future | ₹-0.96 Cr | 0.71% |
| Biocon Ltd | Equity | ₹0.96 Cr | 0.71% |
| Day Tbill | Bond - Gov't/Treasury | ₹0.87 Cr | 0.64% |
| HDFC Life Future Aug 26 | Equity - Future | ₹-0.85 Cr | 0.63% |
| HDFC Life Insurance Co Ltd | Equity | ₹0.84 Cr | 0.62% |
| Future on Info Edge (India) Ltd | Equity - Future | ₹-0.81 Cr | 0.60% |
| Info Edge (India) Ltd | Equity | ₹0.81 Cr | 0.60% |
| Future on Godrej Properties Ltd | Equity - Future | ₹-0.55 Cr | 0.40% |
| Godrej Properties Ltd | Equity | ₹0.55 Cr | 0.40% |
| 10/09/2026 Maturing 364 DTB | Bond - Gov't/Treasury | ₹0.5 Cr | 0.37% |
| India (Republic of) | Bond - Short-term Government Bills | ₹0.49 Cr | 0.36% |
| India (Republic of) | Bond - Short-term Government Bills | ₹0.49 Cr | 0.36% |
| Future on Petronet LNG Ltd | Equity - Future | ₹-0.43 Cr | 0.31% |
| Petronet LNG Ltd | Equity | ₹0.43 Cr | 0.31% |
| Future on UltraTech Cement Ltd | Equity - Future | ₹-0.36 Cr | 0.26% |
| UltraTech Cement Ltd | Equity | ₹0.36 Cr | 0.26% |
| Future on Jindal Steel Ltd | Equity - Future | ₹-0.14 Cr | 0.10% |
| Jindal Steel Ltd | Equity | ₹0.14 Cr | 0.10% |
| Punjab National Bank Future Aug 26 | Equity - Future | ₹-0.09 Cr | 0.07% |
| Punjab National Bank | Equity | ₹0.09 Cr | 0.07% |
| Indus Towers Limited August 2026 Future | Equity - Future | ₹-0.07 Cr | 0.05% |
| Indus Towers Ltd Ordinary Shares | Equity | ₹0.07 Cr | 0.05% |
| Tbill | Bond - Gov't/Treasury | ₹0.05 Cr | 0.04% |
Allocation By Market Cap (Equity)
Large Cap Stocks
26.90%
Mid Cap Stocks
3.81%
Small Cap Stocks
--
Allocation By Credit Quality (Debt)
AAA
Other Allocation
Equity Sector
Debt & Others
| Sector | Amount | Holdings |
|---|---|---|
| Financial Services | ₹36.83 Cr | 27.12% |
| Basic Materials | ₹24.83 Cr | 18.28% |
| Consumer Defensive | ₹9.51 Cr | 7.00% |
| Healthcare | ₹8.36 Cr | 6.15% |
| Communication Services | ₹6.93 Cr | 5.10% |
| Energy | ₹4.74 Cr | 3.49% |
| Consumer Cyclical | ₹3.06 Cr | 2.25% |
| Industrials | ₹1.03 Cr | 0.76% |
| Real Estate | ₹0.55 Cr | 0.40% |
Risk & Performance Ratios
Standard Deviation
This fund
0.50%
Cat. avg.
0.56%
Lower the better
Sharpe Ratio
This fund
0.85
Cat. avg.
0.89
Higher the better
Sortino Ratio
This fund
--
Cat. avg.
1.76
Higher the better
Fund Managers
NJ
Nilesh Jethani
Since July 2025
Additional Scheme Detailsas of 31st July 2026
ISIN INF761K01ED3 | Expense Ratio 2.05% | Exit Load No Charges | Fund Size ₹136 Cr | Age 8 years 2 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
About the AMC
BOI Mutual Fund
Total AUM
₹17,207 Cr
Address
B/204, Tower 1, Peninsula Corporate Park, Mumbai, 400 013
Other Funds by BOI Mutual Fund
Risk Level
Your principal amount will be at Low Risk
Take control of your wealth
Related Articles
Still got questions?
We're here to help.
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 09-Sep-2026, is ₹15.41.
What are the returns of Bank of India Arbitrage Fund Direct Growth?
The fund has generated 5.95% over the last 1 year and 6.76% 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 1.77% in equities, 1.04% in bonds, and 99.18% 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
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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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Dezerv Investments Pvt. Ltd. is a Portfolio Manager with SEBI Registration no. INP000007377, a member of BSE with SEBI Stock Broker Registration no. INZ000303136, and an Investment Manager to Category - I AIF-VCF-Angel Fund with SEBI Registration no. IN/AIF1/22-23/1066.
Mutual Fund distribution services are offered through Dezerv Distribution Services Pvt Limited, a wholly owned subsidiary with AMFI Registration No.: ARN -248439. **Mutual fund investments are subject to market risks, read all scheme related documents carefully.** Terms and conditions of the website are applicable. Privacy policy of the website is applicable.
