HDFC Arbitrage Fund Direct Growth

Fund Overview

Fund Size

₹20,685 Cr

Expense Ratio

0.42%

ISIN

INF179K01UU8

Minimum SIP

₹100

Exit Load

No Charges

Inception Date

01 Jan 2013

About this fund

HDFC Arbitrage Fund Direct Growth is a Arbitrage Fund mutual fund schemes offered by HDFC Mutual Fund. This fund has been in existence for 12 years, 6 months and 3 days, having been launched on 01-Jan-13.
As of 03-Jul-25, it has a Net Asset Value (NAV) of ₹31.98, Assets Under Management (AUM) of 20685.46 Crores, and an expense ratio of 0.42%.

HDFC Arbitrage Fund Direct Growth has given a CAGR return of 6.65% since inception.
The fund's asset allocation comprises around -0.38% in equities, 4.64% in debts, and 95.70% in cash & cash equivalents.
You can start investing in HDFC Arbitrage Fund Direct Growth with a SIP of ₹100 or a Lumpsum investment of ₹100.

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

+7.49%

+6.66% (Cat Avg.)

3 Years

+7.48%

+6.80% (Cat Avg.)

5 Years

+6.08%

+5.55% (Cat Avg.)

10 Years

+6.22%

+5.81% (Cat Avg.)

Since Inception

+6.65%

— (Cat Avg.)

Portfolio Summaryas of 31st May 2025

Equity	₹-78.16 Cr	-0.38%
Debt	₹960.02 Cr	4.64%
Others	₹19,803.6 Cr	95.74%

Top Holdings

All Holdings

Equity

Debt & Others

Name	Type	Amount	Holdings
Cash Offset For Derivatives	Cash - General Offset	₹16,068.47 Cr	77.68%
HDFC Money Market Dir Gr	Mutual Fund - Open End	₹2,341.25 Cr	11.32%
Future on ICICI Bank Ltd	Equity - Future	₹-1,201.83 Cr	5.81%
ICICI Bank Ltd	Equity	₹1,194.13 Cr	5.77%
Future on HDFC Bank Ltd	Equity - Future	₹-1,148.04 Cr	5.55%
HDFC Bank Ltd	Equity	₹1,141.69 Cr	5.52%
HDFC Liquid Dir Gr	Mutual Fund - Open End	₹1,126.3 Cr	5.44%
Treps - Tri-Party Repo	Cash - Repurchase Agreement	₹1,081.1 Cr	5.23%
Infosys Limited	Equity - Future	₹-825.35 Cr	3.99%
Infosys Ltd	Equity	₹821.23 Cr	3.97%
Net Current Assets	Cash	₹-794.56 Cr	3.84%
Future on Reliance Industries Ltd	Equity - Future	₹-752.95 Cr	3.64%
Reliance Industries Ltd	Equity	₹747.61 Cr	3.61%
Future on Bharti Airtel Ltd	Equity - Future	₹-678.48 Cr	3.28%
Bharti Airtel Ltd	Equity	₹673.17 Cr	3.25%
Future on Axis Bank Ltd	Equity - Future	₹-570.92 Cr	2.76%
Axis Bank Ltd	Equity	₹566.15 Cr	2.74%
Future on Grasim Industries Ltd	Equity - Future	₹-504.73 Cr	2.44%
Grasim Industries Ltd	Equity	₹502.03 Cr	2.43%
Future on Mahindra & Mahindra Ltd	Equity - Future	₹-415.78 Cr	2.01%
Mahindra & Mahindra Ltd	Equity	₹413.94 Cr	2.00%
Tata Consultancy Services Ltd	Equity	₹318.2 Cr	1.54%
Future on Tata Consultancy Services Ltd	Equity - Future	₹-316.49 Cr	1.53%
Future on Power Grid Corp Of India Ltd	Equity - Future	₹-314.42 Cr	1.52%
Power Grid Corp Of India Ltd	Equity	₹313.66 Cr	1.52%
Hindustan Unilever Ltd	Equity	₹290.53 Cr	1.40%
HDFC Bank Limited	Bond - Corporate Bond	₹290.01 Cr	1.40%
Future on Hindustan Unilever Ltd	Equity - Future	₹-289.6 Cr	1.40%
The Tata Power Company Ltd.	Equity - Future	₹-283.39 Cr	1.37%
Tata Power Co Ltd	Equity	₹283.01 Cr	1.37%
Future on UltraTech Cement Ltd	Equity - Future	₹-281.32 Cr	1.36%
UltraTech Cement Ltd	Equity	₹280.47 Cr	1.36%
Future on Kotak Mahindra Bank Ltd	Equity - Future	₹-250.29 Cr	1.21%
Kotak Mahindra Bank Ltd	Equity	₹249.63 Cr	1.21%
Future on Bajaj Finance Ltd	Equity - Future	₹-246.16 Cr	1.19%
Bajaj Finance Ltd	Equity	₹244.55 Cr	1.18%
Future on Titan Co Ltd	Equity - Future	₹-225.47 Cr	1.09%
Titan Co Ltd	Equity	₹224.03 Cr	1.08%
Larsen & Toubro Ltd	Equity	₹217.64 Cr	1.05%
Future on Larsen & Toubro Ltd	Equity - Future	₹-217.2 Cr	1.05%
Future on IDFC First Bank Ltd	Equity - Future	₹-198.58 Cr	0.96%
IDFC First Bank Ltd	Equity	₹197.38 Cr	0.95%
Future on JSW Steel Ltd	Equity - Future	₹-186.17 Cr	0.90%
Future on Shriram Finance Ltd	Equity - Future	₹-186.17 Cr	0.90%
JSW Steel Ltd	Equity	₹184.95 Cr	0.89%
Shriram Finance Ltd	Equity	₹184.9 Cr	0.89%
Future on Eicher Motors Ltd	Equity - Future	₹-182.03 Cr	0.88%
Eicher Motors Ltd	Equity	₹180.33 Cr	0.87%
Future on Divi's Laboratories Ltd	Equity - Future	₹-175.83 Cr	0.85%
Divi's Laboratories Ltd	Equity	₹175.09 Cr	0.85%
Future on Hindalco Industries Ltd	Equity - Future	₹-171.69 Cr	0.83%
Hindalco Industries Ltd	Equity	₹170.46 Cr	0.82%
Tata Motors Ltd	Equity	₹157.46 Cr	0.76%
Future on Apollo Hospitals Enterprise Ltd	Equity - Future	₹-157.21 Cr	0.76%
Future on Oil & Natural Gas Corp Ltd	Equity - Future	₹-157.21 Cr	0.76%
Future on Tata Motors Ltd	Equity - Future	₹-157.21 Cr	0.76%
Apollo Hospitals Enterprise Ltd	Equity	₹157.05 Cr	0.76%
Oil & Natural Gas Corp Ltd	Equity	₹156.92 Cr	0.76%
Future on Hindustan Aeronautics Ltd Ordinary Shares	Equity - Future	₹-155.14 Cr	0.75%
Hindustan Aeronautics Ltd Ordinary Shares	Equity	₹153.4 Cr	0.74%
Future on Cipla Ltd	Equity - Future	₹-148.94 Cr	0.72%
Cipla Ltd	Equity	₹148.24 Cr	0.72%
Future on Max Healthcare Institute Ltd Ordinary Shares	Equity - Future	₹-142.73 Cr	0.69%
Future on SRF Ltd	Equity - Future	₹-142.73 Cr	0.69%
SRF Ltd	Equity	₹142.16 Cr	0.69%
Max Healthcare Institute Ltd Ordinary Shares	Equity	₹141.18 Cr	0.68%
Godrej Properties Ltd	Equity	₹141.01 Cr	0.68%
Future on Godrej Properties Ltd	Equity - Future	₹-140.66 Cr	0.68%
Future on Eternal Ltd	Equity - Future	₹-138.59 Cr	0.67%
Future on InterGlobe Aviation Ltd	Equity - Future	₹-138.59 Cr	0.67%
Eternal Ltd	Equity	₹138.03 Cr	0.67%
InterGlobe Aviation Ltd	Equity	₹137.99 Cr	0.67%
Future on Aurobindo Pharma Ltd	Equity - Future	₹-134.46 Cr	0.65%
Aurobindo Pharma Ltd	Equity	₹133.27 Cr	0.64%
Future on Trent Ltd	Equity - Future	₹-128.25 Cr	0.62%
Trent Ltd	Equity	₹127.88 Cr	0.62%
HDFC Bank Limited	Bond - Corporate Bond	₹124.7 Cr	0.60%
Future on State Bank of India	Equity - Future	₹-122.04 Cr	0.59%
State Bank of India	Equity	₹121.11 Cr	0.59%
Future on HCL Technologies Ltd	Equity - Future	₹-119.98 Cr	0.58%
Future on Tata Steel Ltd.	Equity - Future	₹-119.98 Cr	0.58%
Tata Steel Ltd	Equity	₹118.76 Cr	0.57%
HCL Technologies Ltd	Equity	₹118.63 Cr	0.57%
Future on SBI Life Insurance Co Ltd	Equity - Future	₹-117.91 Cr	0.57%
SBI Life Insurance Co Ltd	Equity	₹117.36 Cr	0.57%
Future on Tech Mahindra Ltd	Equity - Future	₹-115.84 Cr	0.56%
Tech Mahindra Ltd	Equity	₹115.78 Cr	0.56%
Future on Bharat Electronics Ltd	Equity - Future	₹-113.77 Cr	0.55%
Future on TVS Motor Co Ltd	Equity - Future	₹-113.77 Cr	0.55%
TVS Motor Co Ltd	Equity	₹113.48 Cr	0.55%
Bharat Electronics Ltd	Equity	₹113.34 Cr	0.55%
National Bank For Agriculture And Rural Development	Bond - Corporate Bond	₹110.38 Cr	0.53%
Future on Canara Bank	Equity - Future	₹-109.63 Cr	0.53%
Future on ITC Hotels Ltd	Equity - Future	₹-109.63 Cr	0.53%
Future on Marico Ltd	Equity - Future	₹-109.63 Cr	0.53%
ITC Ltd	Equity	₹109.5 Cr	0.53%
Canara Bank	Equity	₹109.15 Cr	0.53%
Marico Ltd	Equity	₹108.33 Cr	0.52%
Future on Bajaj Finserv Ltd	Equity - Future	₹-105.5 Cr	0.51%
Bajaj Finserv Ltd	Equity	₹104.6 Cr	0.51%
JSW Energy Ltd	Equity	₹99.69 Cr	0.48%
Future on JSW Energy Ltd	Equity - Future	₹-99.29 Cr	0.48%
Indian Bank	Cash - CD/Time Deposit	₹95.25 Cr	0.46%
Punjab National Bank (18/03/2026)	Cash - CD/Time Deposit	₹95.16 Cr	0.46%
Future on NTPC Ltd	Equity - Future	₹-93.08 Cr	0.45%
NTPC Ltd	Equity	₹92.01 Cr	0.44%
Future on DLF Ltd	Equity - Future	₹-91.02 Cr	0.44%
DLF Ltd	Equity	₹90.57 Cr	0.44%
Future on RBL Bank Ltd	Equity - Future	₹-86.88 Cr	0.42%
RBL Bank Ltd	Equity	₹85.39 Cr	0.41%
Future on Adani Enterprises Ltd	Equity - Future	₹-84.81 Cr	0.41%
Adani Enterprises Ltd	Equity	₹84.74 Cr	0.41%
Future on Adani Ports & Special Economic Zone Ltd	Equity - Future	₹-82.74 Cr	0.40%
Adani Ports & Special Economic Zone Ltd	Equity	₹82.13 Cr	0.40%
Mphasis Ltd	Equity	₹81.27 Cr	0.39%
Future on Bajaj Auto Ltd	Equity - Future	₹-80.67 Cr	0.39%
Future on Hindustan Petroleum Corp Ltd	Equity - Future	₹-80.67 Cr	0.39%
Future on Mphasis Ltd	Equity - Future	₹-80.67 Cr	0.39%
Hindustan Petroleum Corp Ltd	Equity	₹80.57 Cr	0.39%
Bajaj Auto Ltd	Equity	₹80.11 Cr	0.39%
Pidilite Industries Ltd	Equity	₹78.85 Cr	0.38%
Future on LIC Housing Finance Ltd	Equity - Future	₹-78.6 Cr	0.38%
Future on Pidilite Industries Ltd	Equity - Future	₹-78.6 Cr	0.38%
LIC Housing Finance Ltd	Equity	₹77.42 Cr	0.37%
Future on ABB India Ltd	Equity - Future	₹-76.54 Cr	0.37%
ABB India Ltd	Equity	₹75.76 Cr	0.37%
Bajaj Finance Limited	Bond - Corporate Bond	₹75.23 Cr	0.36%
Future on Coal India Ltd	Equity - Future	₹-68.26 Cr	0.33%
Coal India Ltd	Equity	₹67.5 Cr	0.33%
Varun Beverages Ltd	Equity	₹66.84 Cr	0.32%
Future on Varun Beverages Ltd	Equity - Future	₹-66.19 Cr	0.32%
Future on Steel Authority Of India Ltd	Equity - Future	₹-64.12 Cr	0.31%
Future on United Spirits Ltd	Equity - Future	₹-64.12 Cr	0.31%
United Spirits Ltd	Equity	₹63.95 Cr	0.31%
Steel Authority Of India Ltd	Equity	₹63.19 Cr	0.31%
Ambuja Cements Ltd	Equity	₹60.28 Cr	0.29%
Future on Ambuja Cements Ltd	Equity - Future	₹-59.99 Cr	0.29%
Adani Energy Solutions Ltd	Equity	₹58.43 Cr	0.28%
Future on Adani Energy Solutions Ltd	Equity - Future	₹-57.92 Cr	0.28%
Future on Glenmark Pharmaceuticals Ltd	Equity - Future	₹-55.85 Cr	0.27%
Future on One97 Communications Ltd	Equity - Future	₹-55.85 Cr	0.27%
One97 Communications Ltd	Equity	₹55.8 Cr	0.27%
Glenmark Pharmaceuticals Ltd	Equity	₹54.7 Cr	0.26%
Bank of India	Equity	₹53.89 Cr	0.26%
Future on Bank of Baroda	Equity - Future	₹-53.78 Cr	0.26%
Future on Bank of India	Equity - Future	₹-53.78 Cr	0.26%
Bank of Baroda	Equity	₹52.48 Cr	0.25%
Future on Sun Pharmaceuticals Industries Ltd	Equity - Future	₹-51.71 Cr	0.25%
Sun Pharmaceuticals Industries Ltd	Equity	₹50.44 Cr	0.24%
Bharti Telecom Limited	Bond - Corporate Bond	₹50.2 Cr	0.24%
Power Finance Corporation Limited	Bond - Corporate Bond	₹50.16 Cr	0.24%
Future on Aditya Birla Capital Ltd	Equity - Future	₹-49.65 Cr	0.24%
Future on GAIL (India) Ltd	Equity - Future	₹-49.65 Cr	0.24%
Future on Lupin Ltd	Equity - Future	₹-49.65 Cr	0.24%
GAIL (India) Ltd	Equity	₹48.97 Cr	0.24%
Aditya Birla Capital Ltd	Equity	₹48.96 Cr	0.24%
Lupin Ltd	Equity	₹48.67 Cr	0.24%
Future on Jindal Steel & Power Ltd	Equity - Future	₹-47.58 Cr	0.23%
Future on Tata Consumer Products Ltd	Equity - Future	₹-47.58 Cr	0.23%
Tata Consumer Products Ltd	Equity	₹46.46 Cr	0.22%
Jindal Steel & Power Ltd	Equity	₹46.44 Cr	0.22%
Yes Bank Ltd	Equity	₹46.19 Cr	0.22%
Future on Jio Financial Services Ltd	Equity - Future	₹-45.51 Cr	0.22%
Future on NHPC Ltd	Equity - Future	₹-45.51 Cr	0.22%
Future on Yes Bank Ltd	Equity - Future	₹-45.51 Cr	0.22%
Jio Financial Services Ltd	Equity	₹45.17 Cr	0.22%
NHPC Ltd	Equity	₹44.59 Cr	0.22%
Future on Bharat Heavy Electricals Ltd	Equity - Future	₹-43.44 Cr	0.21%
Bharat Heavy Electricals Ltd	Equity	₹42.97 Cr	0.21%
Piramal Enterprises Ltd	Equity	₹41.64 Cr	0.20%
Future on Asian Paints Ltd	Equity - Future	₹-41.37 Cr	0.20%
Future on Piramal Enterprises Ltd	Equity - Future	₹-41.37 Cr	0.20%
Asian Paints Ltd	Equity	₹41.3 Cr	0.20%
Future on Indian Energy Exchange Ltd	Equity - Future	₹-39.3 Cr	0.19%
Indian Energy Exchange Ltd	Equity	₹38.81 Cr	0.19%
ICICI Prudential Life Insurance Co Ltd	Equity	₹37.96 Cr	0.18%
Laurus Labs Ltd	Equity	₹37.83 Cr	0.18%
Future on ICICI Prudential Life Insurance Co Ltd	Equity - Future	₹-37.23 Cr	0.18%
Future on Laurus Labs Ltd	Equity - Future	₹-37.23 Cr	0.18%
Future on National Aluminium Co Ltd	Equity - Future	₹-37.23 Cr	0.18%
Future on Solar Industries India Ltd	Equity - Future	₹-37.23 Cr	0.18%
Future on Vodafone Idea Ltd	Equity - Future	₹-37.23 Cr	0.18%
Vodafone Idea Ltd	Equity	₹36.93 Cr	0.18%
Solar Industries India Ltd	Equity	₹36.6 Cr	0.18%
National Aluminium Co Ltd	Equity	₹36.52 Cr	0.18%
Bosch Ltd	Equity	₹33.77 Cr	0.16%
Info Edge (India) Ltd	Equity	₹33.46 Cr	0.16%
Future on Adani Green Energy Ltd	Equity - Future	₹-33.1 Cr	0.16%
Future on Bosch Ltd	Equity - Future	₹-33.1 Cr	0.16%
Future on Info Edge (India) Ltd	Equity - Future	₹-33.1 Cr	0.16%
Future on Power Finance Corp Ltd	Equity - Future	₹-33.1 Cr	0.16%
Power Finance Corp Ltd	Equity	₹32.77 Cr	0.16%
Adani Green Energy Ltd	Equity	₹32.07 Cr	0.16%
Indian Railway Catering And Tourism Corp Ltd	Equity	₹31.62 Cr	0.15%
Indian Oil Corp Ltd	Equity	₹31.49 Cr	0.15%
Future on ACC Ltd	Equity - Future	₹-31.03 Cr	0.15%
Future on APL Apollo Tubes Ltd	Equity - Future	₹-31.03 Cr	0.15%
Future on Hero MotoCorp Ltd	Equity - Future	₹-31.03 Cr	0.15%
Future on Indian Oil Corp Ltd	Equity - Future	₹-31.03 Cr	0.15%
Future on Indian Railway Catering And Tourism Corp Ltd	Equity - Future	₹-31.03 Cr	0.15%
APL Apollo Tubes Ltd	Equity	₹30.44 Cr	0.15%
Hero MotoCorp Ltd	Equity	₹30.32 Cr	0.15%
ACC Ltd	Equity	₹30.05 Cr	0.15%
Dixon Technologies (India) Ltd	Equity	₹29.82 Cr	0.14%
Indian Hotels Co Ltd	Equity	₹29.18 Cr	0.14%
Godrej Consumer Products Ltd	Equity	₹29.12 Cr	0.14%
Future on Dixon Technologies (India) Ltd	Equity - Future	₹-28.96 Cr	0.14%
Future on Godrej Consumer Products Ltd	Equity - Future	₹-28.96 Cr	0.14%
Future on Granules India Ltd	Equity - Future	₹-28.96 Cr	0.14%
Future on Indian Hotels Co Ltd	Equity - Future	₹-28.96 Cr	0.14%
Granules India Ltd	Equity	₹28.54 Cr	0.14%
Bharti Telecom Limited	Bond - Corporate Bond	₹25.1 Cr	0.12%
Rec Limited	Bond - Corporate Bond	₹24.88 Cr	0.12%
Future on Hindustan Copper Ltd	Equity - Future	₹-24.82 Cr	0.12%
Future on Patanjali Foods Ltd	Equity - Future	₹-24.82 Cr	0.12%
Patanjali Foods Ltd	Equity	₹24.57 Cr	0.12%
Hindustan Copper Ltd	Equity	₹24.2 Cr	0.12%
Life Insurance Corporation of India	Equity	₹23.38 Cr	0.11%
REC Ltd	Equity	₹23.09 Cr	0.11%
Future on Life Insurance Corporation of India	Equity - Future	₹-22.75 Cr	0.11%
Rec Limited.	Equity - Future	₹-22.75 Cr	0.11%
Container Corporation of India Ltd	Equity	₹20.71 Cr	0.10%
Future on Aarti Industries Ltd	Equity - Future	₹-20.69 Cr	0.10%
Future on CG Power & Industrial Solutions Ltd	Equity - Future	₹-20.69 Cr	0.10%
Future on Container Corporation of India Ltd	Equity - Future	₹-20.69 Cr	0.10%
Aarti Industries Ltd	Equity	₹19.85 Cr	0.10%
CG Power & Industrial Solutions Ltd	Equity	₹19.72 Cr	0.10%
NMDC Ltd	Equity	₹19.5 Cr	0.09%
PNB Housing Finance Ltd	Equity	₹19.49 Cr	0.09%
Britannia Industries Ltd	Equity	₹18.9 Cr	0.09%
Syngene International Ltd	Equity	₹18.75 Cr	0.09%
Future on Bharat Petroleum Corp Ltd	Equity - Future	₹-18.62 Cr	0.09%
Future on Britannia Industries Ltd	Equity - Future	₹-18.62 Cr	0.09%
Future on Exide Industries Ltd	Equity - Future	₹-18.62 Cr	0.09%
Nmdc Limited	Equity - Future	₹-18.62 Cr	0.09%
Future on Petronet LNG Ltd	Equity - Future	₹-18.62 Cr	0.09%
Future on PNB Housing Finance Ltd	Equity - Future	₹-18.62 Cr	0.09%
Future on Syngene International Ltd	Equity - Future	₹-18.62 Cr	0.09%
Bharat Petroleum Corp Ltd	Equity	₹18.51 Cr	0.09%
Petronet LNG Ltd	Equity	₹17.84 Cr	0.09%
Exide Industries Ltd	Equity	₹17.83 Cr	0.09%
Union Bank of India	Equity	₹14.87 Cr	0.07%
Future on HDFC Life Insurance Co Ltd	Equity - Future	₹-14.48 Cr	0.07%
Future on Samvardhana Motherson International Ltd	Equity - Future	₹-14.48 Cr	0.07%
Future on Tata Chemicals Ltd	Equity - Future	₹-14.48 Cr	0.07%
Future on Union Bank of India	Equity - Future	₹-14.48 Cr	0.07%
Samvardhana Motherson International Ltd	Equity	₹13.86 Cr	0.07%
HDFC Life Insurance Co Ltd	Equity	₹13.67 Cr	0.07%
Tata Chemicals Ltd	Equity	₹13.56 Cr	0.07%
Astral Ltd	Equity	₹13.03 Cr	0.06%
Birlasoft Ltd	Equity	₹12.98 Cr	0.06%
Cummins India Ltd	Equity	₹12.55 Cr	0.06%
Astral Limited	Equity - Future	₹-12.41 Cr	0.06%
Future on Birlasoft Ltd	Equity - Future	₹-12.41 Cr	0.06%
Future on Cummins India Ltd	Equity - Future	₹-12.41 Cr	0.06%
Future on Dabur India Ltd	Equity - Future	₹-12.41 Cr	0.06%
Future on UPL Ltd	Equity - Future	₹-12.41 Cr	0.06%
UPL Ltd	Equity	₹11.91 Cr	0.06%
Dabur India Ltd	Equity	₹11.35 Cr	0.05%
Torrent Pharmaceuticals Ltd	Equity	₹11.19 Cr	0.05%
Aditya Birla Fashion and Retail Ltd	Equity	₹11.18 Cr	0.05%
Biocon Ltd	Equity	₹11.17 Cr	0.05%
Tube Investments of India Ltd Ordinary Shares	Equity	₹10.56 Cr	0.05%
Indus Towers Ltd Ordinary Shares	Equity	₹10.38 Cr	0.05%
Future on Aditya Birla Fashion and Retail Ltd	Equity - Future	₹-10.34 Cr	0.05%
Future on Biocon Ltd	Equity - Future	₹-10.34 Cr	0.05%
Future on HFCL Ltd	Equity - Future	₹-10.34 Cr	0.05%
Indus Towers Limited	Equity - Future	₹-10.34 Cr	0.05%
Future on Torrent Pharmaceuticals Ltd	Equity - Future	₹-10.34 Cr	0.05%
Future on Tube Investments of India Ltd Ordinary Shares	Equity - Future	₹-10.34 Cr	0.05%
HFCL Ltd	Equity	₹10.03 Cr	0.05%
Prestige Estates Projects Ltd	Equity	₹8.72 Cr	0.04%
Nestle India Ltd	Equity	₹8.58 Cr	0.04%
BSE Ltd	Equity	₹8.52 Cr	0.04%
Havells India Ltd	Equity	₹8.4 Cr	0.04%
Max Financial Services Ltd	Equity	₹8.29 Cr	0.04%
Future on Bandhan Bank Ltd	Equity - Future	₹-8.27 Cr	0.04%
Bombay Stock Exchange Limited (Bse)	Equity - Future	₹-8.27 Cr	0.04%
Colgate-Palmolive ( I ) Ltd.	Equity - Future	₹-8.27 Cr	0.04%
Future on Havells India Ltd	Equity - Future	₹-8.27 Cr	0.04%
Future on Mahanagar Gas Ltd	Equity - Future	₹-8.27 Cr	0.04%
Future on Max Financial Services Ltd	Equity - Future	₹-8.27 Cr	0.04%
Future on Nestle India Ltd	Equity - Future	₹-8.27 Cr	0.04%
Future on PB Fintech Ltd	Equity - Future	₹-8.27 Cr	0.04%
Future on Prestige Estates Projects Ltd	Equity - Future	₹-8.27 Cr	0.04%
Bandhan Bank Ltd	Equity	₹8.15 Cr	0.04%
Colgate-Palmolive (India) Ltd	Equity	₹7.65 Cr	0.04%
PB Fintech Ltd	Equity	₹7.44 Cr	0.04%
Mahanagar Gas Ltd	Equity	₹7.42 Cr	0.04%
Multi Commodity Exchange of India Ltd	Equity	₹7.06 Cr	0.03%
Coforge Ltd	Equity	₹6.93 Cr	0.03%
Future on Ashok Leyland Ltd	Equity - Future	₹-6.21 Cr	0.03%
Future on Coforge Ltd	Equity - Future	₹-6.21 Cr	0.03%
Future on GMR Airports Ltd	Equity - Future	₹-6.21 Cr	0.03%
Future on IndusInd Bank Ltd	Equity - Future	₹-6.21 Cr	0.03%
Future on Multi Commodity Exchange of India Ltd	Equity - Future	₹-6.21 Cr	0.03%
Future on Muthoot Finance Ltd	Equity - Future	₹-6.21 Cr	0.03%
Future on Supreme Industries Ltd	Equity - Future	₹-6.21 Cr	0.03%
IndusInd Bank Ltd	Equity	₹6.17 Cr	0.03%
Ashok Leyland Ltd	Equity	₹5.9 Cr	0.03%
GMR Airports Ltd	Equity	₹5.68 Cr	0.03%
Supreme Industries Ltd	Equity	₹5.34 Cr	0.03%
Muthoot Finance Ltd	Equity	₹5.3 Cr	0.03%
PI Industries Ltd	Equity	₹5.16 Cr	0.02%
Punjab National Bank	Equity	₹5.08 Cr	0.02%
LTIMindtree Ltd	Equity	₹4.56 Cr	0.02%
Oracle Financial Services Software Ltd	Equity	₹4.53 Cr	0.02%
Jubilant Foodworks Ltd	Equity	₹4.18 Cr	0.02%
Future on Hindustan Zinc Ltd	Equity - Future	₹-4.14 Cr	0.02%
Future on IRB Infrastructure Developers Ltd	Equity - Future	₹-4.14 Cr	0.02%
Future on Jubilant Foodworks Ltd	Equity - Future	₹-4.14 Cr	0.02%
Future on LTIMindtree Ltd	Equity - Future	₹-4.14 Cr	0.02%
Future on Oil India Ltd	Equity - Future	₹-4.14 Cr	0.02%
Future on Oracle Financial Services Software Ltd	Equity - Future	₹-4.14 Cr	0.02%
Future on PI Industries Ltd	Equity - Future	₹-4.14 Cr	0.02%
Future on Punjab National Bank	Equity - Future	₹-4.14 Cr	0.02%
The Phoenix Mills Limited	Equity - Future	₹-4.14 Cr	0.02%
Future on Vedanta Ltd	Equity - Future	₹-4.14 Cr	0.02%
Future on Zydus Lifesciences Ltd	Equity - Future	₹-4.14 Cr	0.02%
IRB Infrastructure Developers Ltd	Equity	₹3.94 Cr	0.02%
Phoenix Mills Ltd	Equity	₹3.87 Cr	0.02%
Zydus Lifesciences Ltd	Equity	₹3.68 Cr	0.02%
Hindustan Zinc Ltd	Equity	₹3.48 Cr	0.02%
Oil India Ltd	Equity	₹3.26 Cr	0.02%
Vedanta Ltd	Equity	₹3.11 Cr	0.02%
Chambal Fertilisers & Chemicals Ltd	Equity	₹2.88 Cr	0.01%
Avenue Supermarts Ltd	Equity	₹2.82 Cr	0.01%
CESC Ltd	Equity	₹2.76 Cr	0.01%
Future on Avenue Supermarts Ltd	Equity - Future	₹-2.07 Cr	0.01%
Cesc Ltd.	Equity - Future	₹-2.07 Cr	0.01%
Future on Chambal Fertilisers & Chemicals Ltd	Equity - Future	₹-2.07 Cr	0.01%
Future on Page Industries Ltd	Equity - Future	₹-2.07 Cr	0.01%
Future on SBI Cards and Payment Services Ltd Ordinary Shares	Equity - Future	₹-2.07 Cr	0.01%
Future on Siemens Ltd	Equity - Future	₹-2.07 Cr	0.01%
Siemens Ltd	Equity	₹1.79 Cr	0.01%
Page Industries Ltd	Equity	₹1.6 Cr	0.01%
SBI Cards and Payment Services Ltd Ordinary Shares	Equity	₹1.47 Cr	0.01%
IIFL Finance Ltd	Equity	₹0.95 Cr	0.00%
Computer Age Management Services Ltd Ordinary Shares	Equity	₹0.94 Cr	0.00%
AU Small Finance Bank Ltd	Equity	₹0.76 Cr	0.00%
Tata Technologies Ltd	Equity	₹0.43 Cr	0.00%
Manappuram Finance Ltd	Equity	₹0.43 Cr	0.00%
NCC Ltd	Equity	₹0.29 Cr	0.00%
Mazagon Dock Shipbuilders Ltd	Equity	₹0.06 Cr	0.00%
Persistent Systems Ltd	Equity	₹0.06 Cr	0.00%

Allocation By Market Cap (Equity)

Allocation By Credit Quality (Debt)

AAA

Other Allocation

Equity Sector

Debt & Others

Sector	Amount	Holdings
Financial Services	₹4,945.46 Cr	23.91%
Basic Materials	₹1,783.99 Cr	8.62%
Technology	₹1,581.18 Cr	7.64%
Consumer Cyclical	₹1,577.17 Cr	7.62%
Energy	₹1,208.44 Cr	5.84%
Industrials	₹1,104.96 Cr	5.34%
Healthcare	₹1,019.79 Cr	4.93%
Utilities	₹982.6 Cr	4.75%
Consumer Defensive	₹788.6 Cr	3.81%
Communication Services	₹753.94 Cr	3.64%
Real Estate	₹244.17 Cr	1.18%

Risk & Performance Ratios

Fund Managers

Anil Bamboli

Since February 2022

Arun Agarwal

Since August 2020

Dhruv Muchhal

Since June 2023

Nandita Menezes

Since March 2025

Additional Scheme Detailsas of 31st May 2025

ISIN

INF179K01UU8

Expense Ratio

0.42%

Exit Load

No Charges

Fund Size

₹20,685 Cr

Age

12 years 6 months

Lumpsum Minimum

₹100

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.

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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	-
WhiteOak Capital Arbitrage Fund Regular Growth Low Risk	1.1%	0.0%	₹501.69 Cr	-
WhiteOak Capital Arbitrage Fund Direct Growth Low Risk	0.4%	0.0%	₹501.69 Cr	-
Parag Parikh Arbitrage Fund Direct Growth Low Risk	0.3%	0.0%	₹1579.59 Cr	7.1%
Parag Parikh Arbitrage Fund Regular Growth Low Risk	0.7%	0.0%	₹1579.59 Cr	6.8%
Bajaj Finserv Arbitrage Fund Regular Growth Low Risk	1.0%	0.0%	₹896.99 Cr	6.4%
Bajaj Finserv Arbitrage Fund Direct Growth Low Risk	0.3%	0.0%	₹896.99 Cr	7.1%
SBI Arbitrage Opportunities Fund Direct Growth Low Risk	0.4%	0.0%	₹33759.32 Cr	7.6%
Bandhan Arbitrage Fund Regular Growth Low Risk	1.1%	0.0%	₹9042.14 Cr	6.9%
Nippon India Arbitrage Fund Direct Growth Low Risk	0.4%	0.0%	₹14511.18 Cr	7.4%
JM Arbitrage Fund Direct Growth Low Risk	0.4%	0.0%	₹194.57 Cr	7.0%
Invesco India Arbitrage Fund Direct Growth Low Risk	0.4%	0.0%	₹22340.62 Cr	7.7%
Kotak Equity Arbitrage Fund Direct Growth Low Risk	0.4%	0.0%	₹67362.14 Cr	7.7%
LIC MF Arbitrage Fund Direct Growth Low Risk	0.3%	0.0%	₹167.60 Cr	7.4%
LIC MF Arbitrage Fund Regular Growth Low Risk	1.0%	0.0%	₹167.60 Cr	6.7%
JM Arbitrage Fund Regular Growth Low Risk	1.1%	0.0%	₹194.57 Cr	6.3%
ICICI Prudential Equity Arbitrage Fund Regular Growth Low Risk	0.9%	0.0%	₹28443.90 Cr	7.0%
SBI Arbitrage Opportunities Fund Regular Growth Low Risk	0.9%	0.0%	₹33759.32 Cr	7.0%
UTI Arbitrage Fund Regular Growth Low Risk	0.8%	0.0%	₹7307.73 Cr	7.1%
NJ Arbitrage Fund Regular Growth Low Risk	1.0%	0.0%	₹260.24 Cr	5.9%
NJ Arbitrage Fund Direct Growth Low Risk	0.3%	0.0%	₹260.24 Cr	6.7%
Bandhan Arbitrage Fund Direct Growth Low Risk	0.3%	0.0%	₹9042.14 Cr	7.7%
Axis Arbitrage Fund Regular Growth Low Risk	1.0%	0.0%	₹6767.43 Cr	6.9%
Axis Arbitrage Fund Direct Growth Low Risk	0.3%	0.0%	₹6767.43 Cr	7.6%
UTI Arbitrage Fund Direct Growth Low Risk	0.3%	0.0%	₹7307.73 Cr	7.6%
Union Arbitrage Fund Direct Growth Low Risk	0.5%	0.0%	₹263.23 Cr	7.3%
Union Arbitrage Fund Regular Growth Low Risk	1.1%	0.0%	₹263.23 Cr	6.7%
Aditya Birla Sun Life Arbitrage Fund Regular Growth Low Risk	1.0%	0.0%	₹18203.57 Cr	7.0%
Aditya Birla Sun Life Arbitrage Fund Direct Growth Low Risk	0.3%	0.0%	₹18203.57 Cr	7.7%
ICICI Prudential Equity Arbitrage Fund Direct Growth Low Risk	0.4%	0.0%	₹28443.90 Cr	7.6%
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%	₹14511.18 Cr	6.7%
HDFC Arbitrage Fund Direct Growth Low Risk	0.4%	0.0%	₹20685.46 Cr	7.5%
PGIM India Arbitrage Fund Direct Growth Low Risk	0.4%	0.0%	₹125.07 Cr	7.5%
PGIM India Arbitrage Fund Regular Growth Low Risk	1.1%	0.0%	₹125.07 Cr	6.7%
ITI Arbitrage Fund Regular Growth Low Risk	0.9%	0.0%	₹47.66 Cr	6.8%
ITI Arbitrage Fund Direct Growth Low Risk	0.2%	0.0%	₹47.66 Cr	7.6%
DSP Arbitrage Fund Regular Growth Low Risk	1.0%	0.0%	₹6473.70 Cr	6.8%
DSP Arbitrage Fund Direct Growth Low Risk	0.3%	0.0%	₹6473.70 Cr	7.5%
Invesco India Arbitrage Fund Regular Growth Low Risk	1.1%	0.0%	₹22340.62 Cr	7.0%
Edelweiss Arbitrage Fund Direct Growth Low Risk	0.4%	0.0%	₹15137.02 Cr	7.7%
Edelweiss Arbitrage Fund Regular Growth Low Risk	1.1%	0.0%	₹15137.02 Cr	6.9%

About the AMC

HDFC Mutual Fund

+91 22 66316333

https://www.hdfcfund.com/

Total AUM

₹7,93,221 Cr

Address

“HUL House”, 2nd Floor, Mumbai, 400 020

Other Funds by HDFC Mutual Fund

Fund name	Expense Ratio	Exit Load	Fund size	1Y
HDFC Pharma and Healthcare Fund Direct Growth Very High Risk	0.8%	1.0%	₹1704.87 Cr	29.3%
HDFC Technology Fund Direct Growth Very High Risk	0.9%	1.0%	₹1403.30 Cr	15.5%
HDFC Fixed Maturity Plan 1162 Days March 2022 Series 46 Direct Growth Low Risk	-	0.0%	₹30.78 Cr	7.2%
HDFC FMP 1204D December 2022 (47) Direct Growth Low to Moderate Risk	-	-	₹51.24 Cr	8.0%
HDFC Fixed Maturity Plans 1269 Days March 2023 Series 47 Direct Growth Low to Moderate Risk	-	0.0%	₹76.38 Cr	8.8%
HDFC Fixed Maturity Plans 1359 Days September 2022 Series 46 Direct Growth Low to Moderate Risk	-	0.0%	₹316.54 Cr	8.3%
HDFC Fixed Maturity Plan 1406 Days August 2022 Series 46 Direct Growth Moderate Risk	-	0.0%	₹246.30 Cr	8.4%
HDFC Fixed Maturity Plans 1113 Days March 2019 Series 44 Plan 1 Direct Growth Moderate Risk	-	0.0%	-	-
HDFC Fixed Maturity Plan 1876 Days Series 46 Direct Growth Low to Moderate Risk	-	0.0%	₹33.20 Cr	9.2%
HDFC Fixed Maturity Plans Series 46 1158D July 2022 Direct Growth Low Risk	-	0.0%	₹161.40 Cr	7.2%
HDFC Fixed Maturity Plan 1861 Days Series 46 Direct Growth Low to Moderate Risk	-	0.0%	₹474.67 Cr	9.1%
HDFC FMP 2638D February 2023 (47) Direct Growth Moderate Risk	-	0.0%	₹151.02 Cr	11.3%
HDFC Fixed Maturity Plans 1127 Days April 2019 Series 44 Plan 1 Direct Growth Moderate Risk	-	-	-	-
HDFC Balanced Advantage Fund Direct Growth Very High Risk	0.8%	1.0%	₹100299.29 Cr	5.6%
HDFC Hybrid Equity Fund Direct Growth Very High Risk	1.0%	1.0%	₹24460.63 Cr	6.4%
HDFC Dynamic PE Ratio Fund of Funds Plan A Direct Growth Moderate Risk	0.1%	0.0%	₹638.47 Cr	2.1%
HDFC Small Cap Fund Direct Growth Very High Risk	0.7%	1.0%	₹34032.09 Cr	6.0%
HDFC Housing Opportunities Fund Direct Growth Very High Risk	1.2%	1.0%	₹1324.14 Cr	-5.5%
HDFC Large and Mid Cap Fund Direct Growth Very High Risk	0.9%	1.0%	₹25412.03 Cr	5.0%
HDFC Nifty G-Sec July 2031 Index Fund Direct Growth Moderate Risk	0.2%	0.0%	₹722.67 Cr	11.2%
HDFC Nifty G-sec Dec 2026 Index Fund Direct Growth Low to Moderate Risk	0.2%	0.0%	₹1208.10 Cr	8.6%
HDFC Business Cycle Fund Direct Growth Very High Risk	0.8%	1.0%	₹2856.70 Cr	2.6%
HDFC NIFTY Smallcap 250 Index Fund Direct Growth Very High Risk	0.3%	0.0%	₹473.43 Cr	1.4%
HDFC Credit Risk Debt Fund Direct Growth High Risk	1.0%	1.0%	₹7083.44 Cr	9.7%
HDFC Nifty SDL Oct 2026 Index Fund Direct Growth Low to Moderate Risk	0.2%	0.0%	₹199.28 Cr	8.5%
HDFC Banking and PSU Debt Fund Direct Growth Moderate Risk	0.4%	0.0%	₹6113.51 Cr	9.7%
HDFC Banking & Financial Services Fund Direct Growth Very High Risk	0.8%	1.0%	₹4128.04 Cr	10.1%
HDFC Non-Cyclical Consumer Fund Direct Growth Very High Risk	1.1%	1.0%	₹970.28 Cr	6.3%
HDFC Asset Allocator Fund of Funds Direct Growth High Risk	0.1%	1.0%	₹4123.87 Cr	11.2%
HDFC Gold Fund Direct Growth High Risk	0.2%	1.0%	₹4088.35 Cr	32.6%
HDFC Gilt Fund Direct Growth Moderate Risk	0.5%	0.0%	₹3058.23 Cr	9.4%
HDFC Dynamic Debt Fund Direct Growth Moderate Risk	0.8%	0.0%	₹849.32 Cr	8.9%
HDFC Medium Term Debt Fund Direct Growth Moderately High risk	0.7%	0.0%	₹3862.88 Cr	9.8%
HDFC Income Fund Direct Growth Moderate Risk	0.8%	0.0%	₹950.00 Cr	9.4%
HDFC Infrastructure Fund Direct Growth Very High Risk	1.0%	1.0%	₹2539.58 Cr	-0.8%
HDFC Liquid Fund Direct Growth Low to Moderate Risk	0.2%	0.0%	₹73208.73 Cr	7.2%
HDFC Corporate Bond Fund Direct Growth Low to Moderate Risk	0.4%	0.0%	₹35493.34 Cr	9.7%
HDFC Mid-Cap Opportunities Fund Direct Growth Very High Risk	0.8%	1.0%	₹79717.67 Cr	8.4%
HDFC Hybrid Debt Fund Direct Growth Moderately High risk	1.1%	1.0%	₹3382.82 Cr	7.3%
HDFC TaxSaver Direct Growth Very High Risk	1.1%	0.0%	₹16453.67 Cr	7.9%
HDFC Multi - Asset Fund Direct Growth High Risk	0.8%	1.0%	₹4374.88 Cr	9.8%
HDFC Equity Savings Fund Direct Growth Moderately High risk	0.9%	1.0%	₹5545.90 Cr	6.6%
HDFC Short Term Debt Fund Direct Growth Low to Moderate Risk	0.4%	0.0%	₹15485.82 Cr	9.8%
HDFC Top 100 Fund Direct Growth Very High Risk	1.0%	1.0%	₹37715.69 Cr	3.1%
HDFC S&P BSE 500 Index Fund Direct Growth Very High Risk	0.3%	0.0%	₹238.44 Cr	2.8%
HDFC Nifty Midcap 150 Index Fund Direct Growth Very High Risk	0.3%	0.0%	₹345.88 Cr	4.4%
HDFC Dividend Yield Fund Direct Growth Very High Risk	0.7%	1.0%	₹6378.84 Cr	1.6%
HDFC Low Duration Fund Direct Growth Low to Moderate Risk	0.5%	0.0%	₹22354.40 Cr	8.7%
HDFC Arbitrage Fund Direct Growth Low Risk	0.4%	0.0%	₹20685.46 Cr	7.5%
HDFC Capital Builder Value Fund Direct Growth Very High Risk	1.0%	1.0%	₹7140.10 Cr	6.5%

Risk Level

Your principal amount will be at Low Risk

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Still got questions?
We're here to help.

What is the current NAV of HDFC Arbitrage Fund Direct Growth?

The NAV of HDFC Arbitrage Fund Direct Growth, as of 03-Jul-2025, is ₹31.98.

What are the returns of HDFC Arbitrage Fund Direct Growth?

The fund has generated 7.49% over the last 1 year and 7.48% 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 HDFC Arbitrage Fund Direct Growth?

The fund's allocation of assets is distributed as -0.38% in equities, 4.64% in bonds, and 95.70% in cash and cash equivalents.

Who manages the HDFC Arbitrage Fund Direct Growth?

The fund managers responsible for HDFC Arbitrage Fund Direct Growth are:-

Anil Bamboli
Arun Agarwal
Dhruv Muchhal
Nandita Menezes

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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Fund Overview

Fund Size

₹20,685 Cr

Expense Ratio

0.42%

ISIN

INF179K01UU8

Minimum SIP

₹100

Exit Load

No Charges

Inception Date

01 Jan 2013

Risk Level

Your principal amount will be at Low Risk