Bank of India Arbitrage Fund Direct Growth
AlternativeArbitrage FundLow Risk
Direct
NAV (18-Jun-25)
₹14.37-0.03%1D
Returns (Since Inception)
5.31%
Rated ★4.5+ on 
Fund Overview
Fund Size
₹43 Cr
Expense Ratio
0.52%
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 and 1 days, having been launched on 18-Jun-18.
As of 18-Jun-25, it has a Net Asset Value (NAV) of ₹14.37, Assets Under Management (AUM) of 43.16 Crores, and an expense ratio of 0.52%.
As of 18-Jun-25, it has a Net Asset Value (NAV) of ₹14.37, Assets Under Management (AUM) of 43.16 Crores, and an expense ratio of 0.52%.
- Bank of India Arbitrage Fund Direct Growth has given a CAGR return of 5.31% since inception.
- The fund's asset allocation comprises around -0.37% in equities, 2.24% in debts, and 98.09% 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
+7.14%
+6.75% (Cat Avg.)
3 Years
+6.65%
+6.81% (Cat Avg.)
5 Years
+5.12%
+5.49% (Cat Avg.)
Since Inception
+5.31%
— (Cat Avg.)
Portfolio Summaryas of 31st May 2025
| Equity | ₹-0.16 Cr | -0.37% |
| Debt | ₹0.97 Cr | 2.24% |
| Others | ₹42.35 Cr | 98.12% |
Top Holdings
All Holdings
Equity
Debt & Others
| Name | Type  | Amount | Holdings |
|---|---|---|---|
| Net Receivables / (Payables) | Cash | ₹30.59 Cr | 70.87% |
| Bank of India Liquid Dir Gr | Mutual Fund - Open End | ₹7.3 Cr | 16.91% |
| Kotak Mahindra Bank Limited June 2025 Future | Equity - Future | ₹-1.84 Cr | 4.26% |
| Kotak Mahindra Bank Ltd | Equity | ₹1.83 Cr | 4.23% |
| Sun Pharmaceutical Industries Limited June 2025 Future | Equity - Future | ₹-1.65 Cr | 3.83% |
| Sun Pharmaceuticals Industries Ltd | Equity | ₹1.64 Cr | 3.81% |
| Canara Bank June 2025 Future | Equity - Future | ₹-1.63 Cr | 3.79% |
| Canara Bank | Equity | ₹1.63 Cr | 3.77% |
| Mahindra & Mahindra Limited June 2025 Future | Equity - Future | ₹-1.62 Cr | 3.76% |
| Treps | Cash - Repurchase Agreement | ₹1.62 Cr | 3.75% |
| Mahindra & Mahindra Ltd | Equity | ₹1.61 Cr | 3.74% |
| Max Healthcare Institute Limited June 2025 Future | Equity - Future | ₹-1.43 Cr | 3.31% |
| Bharti Airtel Limited June 2025 Future | Equity - Future | ₹-1.42 Cr | 3.29% |
| Max Healthcare Institute Ltd Ordinary Shares | Equity | ₹1.42 Cr | 3.29% |
| Bharti Airtel Ltd | Equity | ₹1.41 Cr | 3.27% |
| Axis Bank Limited June 2025 Future | Equity - Future | ₹-1.35 Cr | 3.13% |
| Axis Bank Ltd | Equity | ₹1.34 Cr | 3.11% |
| Crompton Greaves Consumer Electricals Limited June 2025 Future | Equity - Future | ₹-1.28 Cr | 2.96% |
| Crompton Greaves Consumer Electricals Ltd | Equity | ₹1.27 Cr | 2.94% |
| Hindalco Industries Limited June 2025 Future | Equity - Future | ₹-1.16 Cr | 2.69% |
| Hindalco Industries Ltd | Equity | ₹1.15 Cr | 2.67% |
| Adani Enterprises Limited June 2025 Future | Equity - Future | ₹-1.14 Cr | 2.64% |
| Adani Enterprises Ltd | Equity | ₹1.13 Cr | 2.63% |
| Bank Of Baroda June 2025 Future | Equity - Future | ₹-1.1 Cr | 2.56% |
| Bank of Baroda | Equity | ₹1.09 Cr | 2.54% |
| Hindustan Aeronautics Limited June 2025 Future | Equity - Future | ₹-1.05 Cr | 2.44% |
| Hindustan Aeronautics Ltd Ordinary Shares | Equity | ₹1.04 Cr | 2.42% |
| Cummins India Limited June 2025 Future | Equity - Future | ₹-0.98 Cr | 2.28% |
| Cummins India Ltd | Equity | ₹0.98 Cr | 2.27% |
| Jsw Steel Limited June 2025 Future | Equity - Future | ₹-0.94 Cr | 2.19% |
| JSW Steel Ltd | Equity | ₹0.94 Cr | 2.18% |
| Godrej Properties Limited June 2025 Future | Equity - Future | ₹-0.86 Cr | 2.00% |
| Godrej Properties Ltd | Equity | ₹0.86 Cr | 1.99% |
| Reliance Industries Limited June 2025 Future | Equity - Future | ₹-0.86 Cr | 1.99% |
| Reliance Industries Ltd | Equity | ₹0.85 Cr | 1.98% |
| Jubilant Foodworks Limited June 2025 Future | Equity - Future | ₹-0.82 Cr | 1.91% |
| Jubilant Foodworks Ltd | Equity | ₹0.82 Cr | 1.90% |
| Grasim Industries Limited June 2025 Future | Equity - Future | ₹-0.7 Cr | 1.63% |
| Grasim Industries Ltd | Equity | ₹0.7 Cr | 1.62% |
| Aurobindo Pharma Limited June 2025 Future | Equity - Future | ₹-0.7 Cr | 1.62% |
| India (Republic of) | Bond - Short-term Government Bills | ₹0.7 Cr | 1.61% |
| Aurobindo Pharma Ltd | Equity | ₹0.69 Cr | 1.61% |
| State Bank Of India June 2025 Future | Equity - Future | ₹-0.67 Cr | 1.56% |
| State Bank of India | Equity | ₹0.67 Cr | 1.55% |
| Info Edge (India) Limited June 2025 Future | Equity - Future | ₹-0.65 Cr | 1.50% |
| Info Edge (India) Ltd | Equity | ₹0.64 Cr | 1.49% |
| 364 DTB 15012026 | Bond - Gov't/Treasury | ₹0.63 Cr | 1.46% |
| Idfc First Bank Limited June 2025 Future | Equity - Future | ₹-0.62 Cr | 1.43% |
| IDFC First Bank Ltd | Equity | ₹0.61 Cr | 1.42% |
| Indian Energy Exchange Limited June 2025 Future | Equity - Future | ₹-0.6 Cr | 1.40% |
| Indian Energy Exchange Ltd | Equity | ₹0.6 Cr | 1.39% |
| 364 DTB 10072025 | Bond - Gov't/Treasury | ₹0.55 Cr | 1.27% |
| Multi Commodity Exchange Of India Limited June 2025 Future | Equity - Future | ₹-0.53 Cr | 1.23% |
| Tata Power Co Ltd | Equity | ₹0.53 Cr | 1.23% |
| Tata Power Company Limited June 2025 Future | Equity - Future | ₹-0.53 Cr | 1.23% |
| Multi Commodity Exchange of India Ltd | Equity | ₹0.53 Cr | 1.22% |
| Punjab National Bank June 2025 Future | Equity - Future | ₹-0.51 Cr | 1.18% |
| Punjab National Bank | Equity | ₹0.51 Cr | 1.18% |
| Ultratech Cement Limited June 2025 Future | Equity - Future | ₹-0.51 Cr | 1.17% |
| UltraTech Cement Ltd | Equity | ₹0.5 Cr | 1.17% |
| Shriram Finance Limited June 2025 Future | Equity - Future | ₹-0.48 Cr | 1.12% |
| Shriram Finance Ltd | Equity | ₹0.48 Cr | 1.11% |
| Icici Lombard General Insurance Company Limited June 2025 Future | Equity - Future | ₹-0.47 Cr | 1.09% |
| ICICI Lombard General Insurance Co Ltd | Equity | ₹0.47 Cr | 1.09% |
| Trent Limited June 2025 Future | Equity - Future | ₹-0.45 Cr | 1.05% |
| Trent Ltd | Equity | ₹0.45 Cr | 1.05% |
| India (Republic of) | Bond - Short-term Government Bills | ₹0.45 Cr | 1.04% |
| Ntpc Limited June 2025 Future | Equity - Future | ₹-0.4 Cr | 0.93% |
| NTPC Ltd | Equity | ₹0.4 Cr | 0.93% |
| India (Republic of) | Bond - Short-term Government Bills | ₹0.4 Cr | 0.92% |
| Jio Financial Services Limited June 2025 Future | Equity - Future | ₹-0.38 Cr | 0.88% |
| Jio Financial Services Ltd | Equity | ₹0.38 Cr | 0.88% |
| Treasury Bills | Bond - Gov't/Treasury | ₹0.34 Cr | 0.79% |
| 364 DTB 24072025 | Bond - Gov't/Treasury | ₹0.3 Cr | 0.69% |
| Tata Motors Ltd | Equity | ₹0.24 Cr | 0.55% |
| Tata Motors Limited June 2025 Future | Equity - Future | ₹-0.24 Cr | 0.55% |
| 364 DTB 28082025 | Bond - Gov't/Treasury | ₹0.23 Cr | 0.52% |
| Pnb Housing Finance Limited June 2025 Future | Equity - Future | ₹-0.2 Cr | 0.47% |
| PNB Housing Finance Ltd | Equity | ₹0.2 Cr | 0.47% |
| Ambuja Cements Limited June 2025 Future | Equity - Future | ₹-0.2 Cr | 0.46% |
| Ambuja Cements Ltd | Equity | ₹0.2 Cr | 0.46% |
| Varun Beverages Limited June 2025 Future | Equity - Future | ₹-0.17 Cr | 0.39% |
| Varun Beverages Ltd | Equity | ₹0.17 Cr | 0.39% |
| 364 DTB 07082025 | Bond - Gov't/Treasury | ₹0.15 Cr | 0.34% |
| Indus Towers Limited June 2025 Future | Equity - Future | ₹-0.13 Cr | 0.30% |
| Indus Towers Ltd Ordinary Shares | Equity | ₹0.13 Cr | 0.30% |
| Oil India Limited June 2025 Future | Equity - Future | ₹-0.09 Cr | 0.21% |
| Oil India Ltd | Equity | ₹0.09 Cr | 0.21% |
| Godrej Consumer Products Limited June 2025 Future | Equity - Future | ₹-0.06 Cr | 0.14% |
| Godrej Consumer Products Ltd | Equity | ₹0.06 Cr | 0.14% |
| Adani Ports And Special Economic Zone Limited June 2025 Future | Equity - Future | ₹-0.06 Cr | 0.13% |
| Adani Ports & Special Economic Zone Ltd | Equity | ₹0.06 Cr | 0.13% |
| 364 DTB | Bond - Gov't/Treasury | ₹0.04 Cr | 0.10% |
| 364 DTB 05062025 | Bond - Gov't/Treasury | ₹0.04 Cr | 0.09% |
Allocation By Market Cap (Equity)
Large Cap Stocks
65.75%
Mid Cap Stocks
8.54%
Small Cap Stocks
--
Allocation By Credit Quality (Debt)
AAA
Other Allocation
Equity Sector
Debt & Others
| Sector | Amount | Holdings |
|---|---|---|
| Financial Services | ₹10.34 Cr | 23.96% |
| Consumer Cyclical | ₹4.39 Cr | 10.18% |
| Healthcare | ₹3.76 Cr | 8.70% |
| Basic Materials | ₹3.5 Cr | 8.10% |
| Communication Services | ₹2.18 Cr | 5.06% |
| Industrials | ₹2.08 Cr | 4.83% |
| Energy | ₹2.08 Cr | 4.82% |
| Utilities | ₹0.93 Cr | 2.16% |
| Real Estate | ₹0.86 Cr | 1.99% |
| Consumer Defensive | ₹0.23 Cr | 0.53% |
Risk & Performance Ratios
Standard Deviation
This fund
0.57%
Cat. avg.
0.67%
Lower the better
Sharpe Ratio
This fund
-0.34
Cat. avg.
0.14
Higher the better
Sortino Ratio
This fund
--
Cat. avg.
0.48
Higher the better
Fund Managers
FR
Firdaus Ragina
Since October 2024
Additional Scheme Detailsas of 31st May 2025
ISIN | INF761K01ED3 | Expense Ratio | 0.52% | Exit Load | No Charges | Fund Size | ₹43 Cr | Age | 7 years | 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:
- For investments made on or after 1 April 2023: The entire capital gain is added to the investor's income and is taxed based on the applicable income tax slab.
- For investments made before 1 April 2023:
- If sold within 2 years of investment: The capital gains are added to the investor's income and taxed according to the applicable tax slab.
- If sold after 2 years of investment: The capital gains are taxed at a flat rate of 12.5%.
- Holding the units: No tax is applicable as long as you hold the units.
Dividend Taxation:
Dividends are considered part of the investor’s income and are taxed according to their applicable tax slab. Additionally, if an investor’s dividend income exceeds INR 5,000 in a financial year, a 10% Tax Deducted at Source (TDS) is withheld by the fund house before distributing the dividend.
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  |
|---|---|---|---|---|
| Baroda BNP Paribas Income Plus Arbitrage Active Fund of Fund Regular Growth Moderate Risk | 0.3% | 0.0% | ₹79.54 Cr | - |
| Baroda BNP Paribas Income Plus Arbitrage Active Fund of Fund Direct Growth Moderate Risk | 0.1% | 0.0% | ₹79.54 Cr | - |
| Quant Arbitrage Fund Direct Growth Low Risk | 0.4% | 0.0% | ₹102.74 Cr | - |
| Quant Arbitrage Fund Regular Growth Low Risk | 0.9% | 0.0% | ₹102.74 Cr | - |
| f Motilal Oswal Arbitrage Fund Regular Growth Low Risk | 1.0% | 0.0% | ₹719.70 Cr | - |
| f Motilal Oswal Arbitrage Fund Direct Growth Low Risk | 0.1% | 0.0% | ₹719.70 Cr | - |
| Samco Arbitrage Fund Regular Growth Low Risk | 1.6% | 0.0% | ₹37.82 Cr | - |
| Samco Arbitrage Fund Direct Growth Low Risk | 0.4% | 0.0% | ₹37.82 Cr | - |
| Franklin India Arbitrage Fund Direct Growth Low Risk | 0.3% | 0.0% | ₹313.65 Cr | - |
| Franklin India Arbitrage Fund Regular Growth Low Risk | 1.0% | 0.0% | ₹313.65 Cr | - |
About the AMC
Total AUM
₹10,605 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
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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 18-Jun-2025, is ₹14.37.
What are the returns of Bank of India Arbitrage Fund Direct Growth?
The fund has generated 7.14% over the last 1 year and 6.65% 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 -0.37% in equities, 2.24% in bonds, and 98.09% 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:-
- Firdaus Ragina
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 Private Limited is a Portfolio Manager with SEBI Registration no. INP000007377 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.
Dezerv Investments Private Limited is a Portfolio Manager with SEBI Registration no. INP000007377 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.