HSBC Arbitrage Fund Direct Growth

Fund Overview

Fund Size

₹2,327 Cr

Expense Ratio

0.28%

ISIN

INF917K01QR5

Minimum SIP

₹1,000

Exit Load

No Charges

Inception Date

30 Jun 2014

About this fund

HSBC Arbitrage Fund Direct Growth is a Arbitrage Fund mutual fund schemes offered by HSBC Mutual Fund. This fund has been in existence for 11 years, 5 months and 12 days, having been launched on 30-Jun-14.
As of 11-Dec-25, it has a Net Asset Value (NAV) of ₹20.88, Assets Under Management (AUM) of 2326.90 Crores, and an expense ratio of 0.28%.

HSBC Arbitrage Fund Direct Growth has given a CAGR return of 6.64% since inception.
The fund's asset allocation comprises around -0.45% in equities, 6.18% in debts, and 94.24% in cash & cash equivalents.
You can start investing in HSBC 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

+6.96%

+6.28% (Cat Avg.)

3 Years

+7.65%

+7.08% (Cat Avg.)

5 Years

+6.30%

+5.81% (Cat Avg.)

10 Years

+6.37%

+5.84% (Cat Avg.)

Since Inception

+6.64%

— (Cat Avg.)

Portfolio Summaryas of 30th November 2025

Equity	₹-10.56 Cr	-0.45%
Debt	₹143.77 Cr	6.18%
Others	₹2,193.69 Cr	94.27%

Top Holdings

All Holdings

Equity

Debt & Others

Name	Type	Amount	Holdings
Cash Offset For Derivatives	Cash - General Offset	₹1,753.84 Cr	75.37%
HSBC Money Market Dir Gr	Mutual Fund - Open End	₹273.7 Cr	11.76%
Future on HDFC Bank Ltd	Equity - Future	₹-171.7 Cr	7.38%
HDFC Bank Ltd	Equity	₹170.69 Cr	7.34%
Future on ICICI Bank Ltd	Equity - Future	₹-142.01 Cr	6.10%
ICICI Bank Ltd	Equity	₹141.35 Cr	6.07%
Future on Eternal Ltd	Equity - Future	₹-140.14 Cr	6.02%
Eternal Ltd	Equity	₹139.14 Cr	5.98%
Future on Reliance Industries Ltd	Equity - Future	₹-101.29 Cr	4.35%
Reliance Industries Ltd	Equity	₹100.71 Cr	4.33%
Future on RBL Bank Ltd	Equity - Future	₹-100.51 Cr	4.32%
RBL Bank Ltd	Equity	₹100.08 Cr	4.30%
HSBC Ultra S/D Gr Dir	Mutual Fund - Open End	₹85.91 Cr	3.69%
Future on Axis Bank Ltd	Equity - Future	₹-84.02 Cr	3.61%
Axis Bank Ltd	Equity	₹83.58 Cr	3.59%
Future on Sammaan Capital Ltd	Equity - Future	₹-80.62 Cr	3.46%
Sammaan Capital Ltd	Equity	₹80 Cr	3.44%
Future on PNB Housing Finance Ltd	Equity - Future	₹-73.79 Cr	3.17%
PNB Housing Finance Ltd	Equity	₹73.26 Cr	3.15%
Future on Jio Financial Services Ltd	Equity - Future	₹-54.98 Cr	2.36%
Jio Financial Services Ltd	Equity	₹54.62 Cr	2.35%
LIC Housing Finance Ltd	Bond - Corporate Bond	₹49.88 Cr	2.14%
Marico Limited	Equity - Future	₹-42.58 Cr	1.83%
Marico Ltd	Equity	₹42.27 Cr	1.82%
Future on JSW Steel Ltd	Equity - Future	₹-41.74 Cr	1.79%
JSW Steel Ltd	Equity	₹41.43 Cr	1.78%
Future on Punjab National Bank	Equity - Future	₹-38.63 Cr	1.66%
Punjab National Bank	Equity	₹38.35 Cr	1.65%
Future on ITC Hotels Ltd	Equity - Future	₹-37.51 Cr	1.61%
ITC Ltd	Equity	₹37.32 Cr	1.60%
Future on Bank of Baroda	Equity - Future	₹-31.59 Cr	1.36%
Bank of Baroda	Equity	₹31.36 Cr	1.35%
Treps	Cash - Repurchase Agreement	₹30.88 Cr	1.33%
Future on State Bank of India	Equity - Future	₹-30.74 Cr	1.32%
State Bank of India	Equity	₹30.54 Cr	1.31%
Future on Container Corporation of India Ltd	Equity - Future	₹-30.23 Cr	1.30%
Container Corporation of India Ltd	Equity	₹30.1 Cr	1.29%
HSBC Liquid Dir Gr	Mutual Fund - Open End	₹29.64 Cr	1.27%
Future on Torrent Pharmaceuticals Ltd	Equity - Future	₹-28.28 Cr	1.22%
Torrent Pharmaceuticals Ltd	Equity	₹28.09 Cr	1.21%
Sundaram Finance Limited	Bond - Corporate Bond	₹25.45 Cr	1.09%
Kotak Mahindra Prime Limited	Bond - Corporate Bond	₹25.39 Cr	1.09%
Indian Bank	Cash - CD/Time Deposit	₹24.35 Cr	1.05%
Union Bank Of India	Cash - CD/Time Deposit	₹24.15 Cr	1.04%
Nmdc Limited	Equity - Future	₹-23.95 Cr	1.03%
NMDC Ltd	Equity	₹23.8 Cr	1.02%
Future on Bandhan Bank Ltd	Equity - Future	₹-23.04 Cr	0.99%
Future on Crompton Greaves Consumer Electricals Ltd	Equity - Future	₹-23.04 Cr	0.99%
Bandhan Bank Ltd	Equity	₹22.9 Cr	0.98%
Crompton Greaves Consumer Electricals Ltd	Equity	₹22.88 Cr	0.98%
Future on Central Depository Services (India) Ltd	Equity - Future	₹-20.19 Cr	0.87%
Central Depository Services (India) Ltd	Equity	₹20.05 Cr	0.86%
Future on Persistent Systems Ltd	Equity - Future	₹-18.17 Cr	0.78%
Persistent Systems Ltd	Equity	₹18.04 Cr	0.78%
Indus Towers Limited	Equity - Future	₹-17.91 Cr	0.77%
Indus Towers Ltd Ordinary Shares	Equity	₹17.79 Cr	0.76%
Future on HFCL Ltd	Equity - Future	₹-17.24 Cr	0.74%
HFCL Ltd	Equity	₹17.11 Cr	0.74%
Future on JSW Energy Ltd	Equity - Future	₹-15.21 Cr	0.65%
Future on Tata Power Co Ltd	Equity - Future	₹-15.2 Cr	0.65%
JSW Energy Ltd	Equity	₹15.15 Cr	0.65%
Tata Power Co Ltd	Equity	₹15.1 Cr	0.65%
Future on Glenmark Pharmaceuticals Ltd	Equity - Future	₹-15.03 Cr	0.65%
Glenmark Pharmaceuticals Ltd	Equity	₹14.96 Cr	0.64%
Future on Aditya Birla Capital Ltd	Equity - Future	₹-14.94 Cr	0.64%
Aditya Birla Capital Ltd	Equity	₹14.87 Cr	0.64%
Canara Bank**	Cash	₹14.56 Cr	0.63%
Rec Limited	Equity - Future	₹-14.38 Cr	0.62%
REC Ltd	Equity	₹14.31 Cr	0.62%
Future on Samvardhana Motherson International Ltd	Equity - Future	₹-14.23 Cr	0.61%
Samvardhana Motherson International Ltd	Equity	₹14.16 Cr	0.61%
Future on Exide Industries Ltd	Equity - Future	₹-13.07 Cr	0.56%
Exide Industries Ltd	Equity	₹13.02 Cr	0.56%
Future on Manappuram Finance Ltd	Equity - Future	₹-11.51 Cr	0.49%
Manappuram Finance Ltd	Equity	₹11.46 Cr	0.49%
Future on Laurus Labs Ltd	Equity - Future	₹-10.95 Cr	0.47%
Laurus Labs Ltd	Equity	₹10.87 Cr	0.47%
Future on Hindustan Zinc Ltd	Equity - Future	₹-10.77 Cr	0.46%
Hindustan Zinc Ltd	Equity	₹10.7 Cr	0.46%
Power Finance Corporation Limited	Equity - Future	₹-10.02 Cr	0.43%
Power Finance Corp Ltd	Equity	₹9.95 Cr	0.43%
Future on NBCC India Ltd	Equity - Future	₹-9.93 Cr	0.43%
NBCC India Ltd	Equity	₹9.86 Cr	0.42%
Future on NTPC Ltd	Equity - Future	₹-9.71 Cr	0.42%
NTPC Ltd	Equity	₹9.65 Cr	0.41%
Future on Shriram Finance Ltd	Equity - Future	₹-8.28 Cr	0.36%
Shriram Finance Ltd	Equity	₹8.22 Cr	0.35%
Future on Yes Bank Ltd	Equity - Future	₹-8.11 Cr	0.35%
Yes Bank Ltd	Equity	₹8.06 Cr	0.35%
Future on Indian Energy Exchange Ltd	Equity - Future	₹-8.04 Cr	0.35%
Indian Energy Exchange Ltd	Equity	₹7.99 Cr	0.34%
Future on IndusInd Bank Ltd	Equity - Future	₹-7.97 Cr	0.34%
IndusInd Bank Ltd	Equity	₹7.93 Cr	0.34%
Future on Life Insurance Corporation of India	Equity - Future	₹-7.8 Cr	0.34%
Life Insurance Corporation of India	Equity	₹7.76 Cr	0.33%
Future on Kalyan Jewellers India Ltd	Equity - Future	₹-7.6 Cr	0.33%
Kalyan Jewellers India Ltd	Equity	₹7.54 Cr	0.32%
Future on IIFL Finance Ltd	Equity - Future	₹-6.91 Cr	0.30%
IIFL Finance Ltd	Equity	₹6.88 Cr	0.30%
Future on Hindustan Aeronautics Ltd Ordinary Shares	Equity - Future	₹-6.72 Cr	0.29%
Future on Inox Wind Ltd	Equity - Future	₹-6.69 Cr	0.29%
Hindustan Aeronautics Ltd Ordinary Shares	Equity	₹6.68 Cr	0.29%
Inox Wind Ltd	Equity	₹6.65 Cr	0.29%
Future on Trent Ltd	Equity - Future	₹-6.42 Cr	0.28%
Trent Ltd	Equity	₹6.38 Cr	0.27%
Future on Info Edge (India) Ltd	Equity - Future	₹-6.31 Cr	0.27%
Info Edge (India) Ltd	Equity	₹6.29 Cr	0.27%
Future on Adani Ports & Special Economic Zone Ltd	Equity - Future	₹-6.1 Cr	0.26%
Adani Ports & Special Economic Zone Ltd	Equity	₹6.05 Cr	0.26%
Indian Oil Corporation Limited	Equity - Future	₹-5.78 Cr	0.25%
Indian Oil Corp Ltd	Equity	₹5.76 Cr	0.25%
Future on Kotak Mahindra Bank Ltd	Equity - Future	₹-5.73 Cr	0.25%
Future on Tata Consumer Products Ltd	Equity - Future	₹-5.7 Cr	0.24%
Kotak Mahindra Bank Ltd	Equity	₹5.69 Cr	0.24%
Tata Consumer Products Ltd	Equity	₹5.67 Cr	0.24%
Future on HDFC Asset Management Co Ltd	Equity - Future	₹-5.4 Cr	0.23%
Future on Mankind Pharma Ltd	Equity - Future	₹-5.39 Cr	0.23%
HDFC Asset Management Co Ltd	Equity	₹5.37 Cr	0.23%
Mankind Pharma Ltd	Equity	₹5.37 Cr	0.23%
Future on Tata Steel Ltd	Equity - Future	₹-5.3 Cr	0.23%
Tata Steel Ltd	Equity	₹5.27 Cr	0.23%
Future on Biocon Ltd	Equity - Future	₹-5.11 Cr	0.22%
Biocon Ltd	Equity	₹5.08 Cr	0.22%
Future on Hindalco Industries Ltd	Equity - Future	₹-4.73 Cr	0.20%
Hindalco Industries Ltd	Equity	₹4.7 Cr	0.20%
Future on Petronet LNG Ltd	Equity - Future	₹-4.63 Cr	0.20%
Petronet LNG Ltd	Equity	₹4.6 Cr	0.20%
Future on LIC Housing Finance Ltd	Equity - Future	₹-4.48 Cr	0.19%
Future on Dixon Technologies (India) Ltd	Equity - Future	₹-4.47 Cr	0.19%
Dixon Technologies (India) Ltd	Equity	₹4.45 Cr	0.19%
LIC Housing Finance Ltd	Equity	₹4.45 Cr	0.19%
Future on Vedanta Ltd	Equity - Future	₹-4.02 Cr	0.17%
Vedanta Ltd	Equity	₹3.99 Cr	0.17%
Future on APL Apollo Tubes Ltd	Equity - Future	₹-3.99 Cr	0.17%
APL Apollo Tubes Ltd	Equity	₹3.97 Cr	0.17%
Future on Varun Beverages Ltd	Equity - Future	₹-3.93 Cr	0.17%
Varun Beverages Ltd	Equity	₹3.9 Cr	0.17%
Future on ICICI Prudential Life Insurance Co Ltd	Equity - Future	₹-3.63 Cr	0.16%
Future on Bank of India	Equity - Future	₹-3.62 Cr	0.16%
ICICI Prudential Life Insurance Co Ltd	Equity	₹3.61 Cr	0.16%
Bank of India	Equity	₹3.6 Cr	0.15%
Future on Bharat Electronics Ltd	Equity - Future	₹-3.6 Cr	0.15%
Bharat Electronics Ltd	Equity	₹3.58 Cr	0.15%
Future on Max Financial Services Ltd	Equity - Future	₹-3.56 Cr	0.15%
Max Financial Services Ltd	Equity	₹3.54 Cr	0.15%
Future on DLF Ltd	Equity - Future	₹-3.25 Cr	0.14%
DLF Ltd	Equity	₹3.22 Cr	0.14%
Future on Aurobindo Pharma Ltd	Equity - Future	₹-2.84 Cr	0.12%
Future on NCC Ltd	Equity - Future	₹-2.84 Cr	0.12%
Aurobindo Pharma Ltd	Equity	₹2.83 Cr	0.12%
NCC Ltd	Equity	₹2.82 Cr	0.12%
Future on United Spirits Ltd	Equity - Future	₹-2.8 Cr	0.12%
United Spirits Ltd	Equity	₹2.79 Cr	0.12%
Future on Canara Bank	Equity - Future	₹-2.77 Cr	0.12%
Canara Bank	Equity	₹2.76 Cr	0.12%
The Indian Hotels Company Limited	Equity - Future	₹-1.94 Cr	0.08%
Indian Hotels Co Ltd	Equity	₹1.94 Cr	0.08%
Future on Hindustan Petroleum Corp Ltd	Equity - Future	₹-1.77 Cr	0.08%
Hindustan Petroleum Corp Ltd	Equity	₹1.76 Cr	0.08%
Future on Adani Green Energy Ltd	Equity - Future	₹-1.71 Cr	0.07%
Adani Green Energy Ltd	Equity	₹1.7 Cr	0.07%
Upl Limited	Equity - Future	₹-1.55 Cr	0.07%
UPL Ltd	Equity	₹1.54 Cr	0.07%
Future on Coforge Ltd	Equity - Future	₹-1.51 Cr	0.07%
Coforge Ltd	Equity	₹1.5 Cr	0.06%
Future on Grasim Industries Ltd	Equity - Future	₹-1.24 Cr	0.05%
Grasim Industries Ltd	Equity	₹1.23 Cr	0.05%
Future on Ambuja Cements Ltd	Equity - Future	₹-1.22 Cr	0.05%
Ambuja Cements Ltd	Equity	₹1.21 Cr	0.05%
Future on Supreme Industries Ltd	Equity - Future	₹-1.2 Cr	0.05%
Supreme Industries Ltd	Equity	₹1.19 Cr	0.05%
Future on Steel Authority Of India Ltd	Equity - Future	₹-1.15 Cr	0.05%
Steel Authority Of India Ltd	Equity	₹1.14 Cr	0.05%
Future on Cyient Ltd	Equity - Future	₹-1.1 Cr	0.05%
Cyient Ltd	Equity	₹1.1 Cr	0.05%
Future on Lodha Developers Ltd	Equity - Future	₹-1.09 Cr	0.05%
Future on Torrent Power Ltd	Equity - Future	₹-1.09 Cr	0.05%
Lodha Developers Ltd	Equity	₹1.09 Cr	0.05%
Torrent Power Ltd	Equity	₹1.08 Cr	0.05%
Future on Housing & Urban Development Corp Ltd	Equity - Future	₹-0.94 Cr	0.04%
Future on UltraTech Cement Ltd	Equity - Future	₹-0.93 Cr	0.04%
Housing & Urban Development Corp Ltd	Equity	₹0.93 Cr	0.04%
UltraTech Cement Ltd	Equity	₹0.93 Cr	0.04%
Future on Apollo Hospitals Enterprise Ltd	Equity - Future	₹-0.92 Cr	0.04%
Apollo Hospitals Enterprise Ltd	Equity	₹0.92 Cr	0.04%
Future on Syngene International Ltd	Equity - Future	₹-0.91 Cr	0.04%
Syngene International Ltd	Equity	₹0.91 Cr	0.04%
Future on Cipla Ltd	Equity - Future	₹-0.81 Cr	0.03%
Cipla Ltd	Equity	₹0.8 Cr	0.03%
Future on SRF Ltd	Equity - Future	₹-0.77 Cr	0.03%
SRF Ltd	Equity	₹0.76 Cr	0.03%
Future on Jindal Steel Ltd	Equity - Future	₹-0.72 Cr	0.03%
Jindal Steel Ltd	Equity	₹0.72 Cr	0.03%
Future on Mphasis Ltd	Equity - Future	₹-0.7 Cr	0.03%
Mphasis Ltd	Equity	₹0.7 Cr	0.03%
Future on Power Grid Corp Of India Ltd	Equity - Future	₹-0.67 Cr	0.03%
Power Grid Corp Of India Ltd	Equity	₹0.67 Cr	0.03%
Federal Bank Limited	Equity - Future	₹-0.64 Cr	0.03%
The Federal Bank Ltd	Equity	₹0.64 Cr	0.03%
Future on Suzlon Energy Ltd	Equity - Future	₹-0.61 Cr	0.03%
Suzlon Energy Ltd	Equity	₹0.6 Cr	0.03%
Future on Godrej Properties Ltd	Equity - Future	₹-0.58 Cr	0.03%
Godrej Properties Ltd	Equity	₹0.58 Cr	0.02%
Future on Pidilite Industries Ltd	Equity - Future	₹-0.52 Cr	0.02%
Pidilite Industries Ltd	Equity	₹0.51 Cr	0.02%
Future on Tata Motors Passenger Vehicles Ltd	Equity - Future	₹-0.46 Cr	0.02%
Tata Motors Passenger Vehicles Ltd	Equity	₹0.46 Cr	0.02%
Future on AU Small Finance Bank Ltd	Equity - Future	₹-0.38 Cr	0.02%
AU Small Finance Bank Ltd	Equity	₹0.38 Cr	0.02%
Future on PG Electroplast Ltd	Equity - Future	₹-0.37 Cr	0.02%
PG Electroplast Ltd	Equity	₹0.37 Cr	0.02%
Future on Bajaj Finserv Ltd	Equity - Future	₹-0.37 Cr	0.02%
Bajaj Finserv Ltd	Equity	₹0.37 Cr	0.02%
Future on Zydus Lifesciences Ltd	Equity - Future	₹-0.34 Cr	0.01%
Zydus Lifesciences Ltd	Equity	₹0.34 Cr	0.01%
Net Current Assets (Including Cash & Bank Balances)	Cash	₹-0.29 Cr	0.01%
Indian Railway Finance Corporation Limited	Equity - Future	₹-0.25 Cr	0.01%
Indian Railway Finance Corp Ltd Ordinary Shares	Equity	₹0.25 Cr	0.01%
Future on Coal India Ltd	Equity - Future	₹-0.2 Cr	0.01%
Coal India Ltd	Equity	₹0.2 Cr	0.01%
Future on Dabur India Ltd	Equity - Future	₹-0.2 Cr	0.01%
Dabur India Ltd	Equity	₹0.19 Cr	0.01%
Future on ICICI Lombard General Insurance Co Ltd	Equity - Future	₹-0.19 Cr	0.01%
ICICI Lombard General Insurance Co Ltd	Equity	₹0.19 Cr	0.01%
Future on Tech Mahindra Ltd	Equity - Future	₹-0.18 Cr	0.01%
Tech Mahindra Ltd	Equity	₹0.18 Cr	0.01%
Future on Larsen & Toubro Ltd	Equity - Future	₹-0.14 Cr	0.01%
Larsen & Toubro Ltd	Equity	₹0.14 Cr	0.01%
Future on Adani Energy Solutions Ltd	Equity - Future	₹-0.14 Cr	0.01%
Adani Energy Solutions Ltd	Equity	₹0.13 Cr	0.01%
Future on TVS Motor Co Ltd	Equity - Future	₹-0.12 Cr	0.01%
TVS Motor Co Ltd	Equity	₹0.12 Cr	0.01%
Future on Tube Investments of India Ltd Ordinary Shares	Equity - Future	₹-0.11 Cr	0.00%
Tube Investments of India Ltd Ordinary Shares	Equity	₹0.11 Cr	0.00%
Future on NHPC Ltd	Equity - Future	₹-0.1 Cr	0.00%
NHPC Ltd	Equity	₹0.1 Cr	0.00%
Future on Hero MotoCorp Ltd	Equity - Future	₹-0.09 Cr	0.00%
Hero MotoCorp Ltd	Equity	₹0.09 Cr	0.00%
Future on Prestige Estates Projects Ltd	Equity - Future	₹-0.08 Cr	0.00%
Prestige Estates Projects Ltd	Equity	₹0.08 Cr	0.00%
Future on Britannia Industries Ltd	Equity - Future	₹-0.07 Cr	0.00%
Britannia Industries Ltd	Equity	₹0.07 Cr	0.00%
Future on UNO Minda Ltd	Equity - Future	₹-0.07 Cr	0.00%
UNO Minda Ltd	Equity	₹0.07 Cr	0.00%
Future on Nestle India Ltd	Equity - Future	₹-0.06 Cr	0.00%
Nestle India Ltd	Equity	₹0.06 Cr	0.00%
Future on Oracle Financial Services Software Ltd	Equity - Future	₹-0.06 Cr	0.00%
Future on Phoenix Mills Ltd	Equity - Future	₹-0.06 Cr	0.00%
Oracle Financial Services Software Ltd	Equity	₹0.06 Cr	0.00%
Phoenix Mills Ltd	Equity	₹0.06 Cr	0.00%
Future on HCL Technologies Ltd	Equity - Future	₹-0.06 Cr	0.00%
HCL Technologies Ltd	Equity	₹0.06 Cr	0.00%
Future on Patanjali Foods Ltd	Equity - Future	₹-0.05 Cr	0.00%
Patanjali Foods Ltd	Equity	₹0.05 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	₹976 Cr	41.94%
Consumer Cyclical	₹205.8 Cr	8.84%
Energy	₹113.03 Cr	4.86%
Basic Materials	₹101.15 Cr	4.35%
Consumer Defensive	₹92.33 Cr	3.97%
Healthcare	₹70.17 Cr	3.02%
Industrials	₹69.64 Cr	2.99%
Utilities	₹43.58 Cr	1.87%
Technology	₹42.47 Cr	1.83%
Communication Services	₹24.08 Cr	1.03%
Real Estate	₹5.03 Cr	0.22%

Risk & Performance Ratios

Fund Managers

Mahesh Chhabria

Since July 2023

Praveen Ayathan

Since June 2014

Mohd Asif Rizwi

Since February 2025

Additional Scheme Detailsas of 30th November 2025

ISIN

INF917K01QR5

Expense Ratio

0.28%

Exit Load

No Charges

Fund Size

₹2,327 Cr

Age

11 years 5 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.

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JM Arbitrage Fund Direct Growth Low Risk	0.4%	0.0%	₹390.54 Cr	6.6%
Invesco India Arbitrage Fund Direct Growth Low Risk	0.4%	0.0%	₹27561.97 Cr	7.1%
Kotak Equity Arbitrage Fund Direct Growth Low Risk	0.4%	0.0%	₹72773.54 Cr	7.1%
LIC MF Arbitrage Fund Direct Growth Low Risk	0.3%	0.0%	₹281.55 Cr	6.8%
LIC MF Arbitrage Fund Regular Growth Low Risk	1.0%	0.0%	₹281.55 Cr	6.1%
JM Arbitrage Fund Regular Growth Low Risk	1.1%	0.0%	₹390.54 Cr	5.8%
ICICI Prudential Equity Arbitrage Fund Regular Growth Low Risk	0.9%	0.0%	₹32622.53 Cr	6.4%
SBI Arbitrage Opportunities Fund Regular Growth Low Risk	0.9%	0.0%	₹41082.90 Cr	6.5%
UTI Arbitrage Fund Regular Growth Low Risk	0.8%	0.0%	₹10719.99 Cr	6.6%
NJ Arbitrage Fund Regular Growth Low Risk	1.0%	0.0%	₹261.98 Cr	5.5%
NJ Arbitrage Fund Direct Growth Low Risk	0.3%	0.0%	₹261.98 Cr	6.3%
Bandhan Arbitrage Fund Direct Growth Low Risk	0.3%	0.0%	₹8747.55 Cr	7.0%
Axis Arbitrage Fund Regular Growth Low Risk	1.0%	0.0%	₹8083.99 Cr	6.3%
Axis Arbitrage Fund Direct Growth Low Risk	0.3%	0.0%	₹8083.99 Cr	7.1%
UTI Arbitrage Fund Direct Growth Low Risk	0.3%	0.0%	₹10719.99 Cr	7.1%
Union Arbitrage Fund Direct Growth Low Risk	0.5%	0.0%	₹273.03 Cr	6.7%
Union Arbitrage Fund Regular Growth Low Risk	1.1%	0.0%	₹273.03 Cr	6.1%
Aditya Birla Sun Life Arbitrage Fund Regular Growth Low Risk	1.0%	0.0%	₹25267.35 Cr	6.4%
Aditya Birla Sun Life Arbitrage Fund Direct Growth Low Risk	0.3%	0.0%	₹25267.35 Cr	7.2%
ICICI Prudential Equity Arbitrage Fund Direct Growth Low Risk	0.4%	0.0%	₹32622.53 Cr	7.0%
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%	₹16259.48 Cr	6.2%
HDFC Arbitrage Fund Direct Growth Low Risk	0.4%	0.0%	₹23551.19 Cr	7.0%
PGIM India Arbitrage Fund Direct Growth Low Risk	0.4%	0.0%	₹101.83 Cr	6.6%
PGIM India Arbitrage Fund Regular Growth Low Risk	1.1%	0.0%	₹101.83 Cr	5.9%
ITI Arbitrage Fund Regular Growth Low Risk	0.9%	0.0%	₹47.01 Cr	6.5%

About the AMC

HSBC Mutual Fund

+91 22 66145000

https://www.assetmanagement.hsbc.co.in/en/mutual-funds

Total AUM

₹1,40,113 Cr

Address

16, V N Road, Mumbai, 400 001

Other Funds by HSBC Mutual Fund

Fund name	Expense Ratio	Exit Load	Fund size	1Y
HSBC Financial Services Fund Direct Growth Very High Risk	1.0%	1.0%	₹803.39 Cr	-
HSBC India Export Opportunities Fund Direct Growth Very High Risk	0.8%	1.0%	₹1493.36 Cr	-2.8%
HSBC Multi Asset Allocation Fund Direct Growth Very High Risk	0.5%	1.0%	₹2474.50 Cr	4.9%
HSBC Consumption Fund Direct Growth Very High Risk	0.8%	1.0%	₹1795.21 Cr	-3.9%
HSBC Balanced Advantage Fund Direct Growth Moderately High risk	0.8%	1.0%	₹1591.48 Cr	1.4%
HSBC Infrastructure Fund Direct Growth Very High Risk	1.1%	1.0%	₹2312.70 Cr	-11.1%
HSBC Aggressive Hybrid Fund Direct Growth Very High Risk	0.8%	1.0%	₹5650.04 Cr	-1.4%
HSBC Value Fund Direct Growth Very High Risk	0.8%	1.0%	₹14553.04 Cr	0.2%
HSBC Credit Risk Fund Direct Growth Moderately High risk	1.0%	3.0%	₹523.45 Cr	21.1%
HSBC Banking & PSU Debt Direct Growth Moderate Risk	0.2%	0.0%	₹4413.44 Cr	8.0%
HSBC Midcap Fund Direct Growth Very High Risk	0.6%	1.0%	₹12548.61 Cr	-4.4%
HSBC ELSS Fund Direct Growth Very High Risk	1.1%	0.0%	₹4184.33 Cr	-3.6%
HSBC Equity Savings Fund Direct Growth Moderately High risk	0.7%	0.0%	₹786.83 Cr	1.5%
HSBC Low Duration Fund Direct Growth Low to Moderate Risk	0.4%	0.0%	₹1269.89 Cr	9.1%
HSBC Short Duration Fund Direct Growth Low to Moderate Risk	0.3%	0.0%	₹4538.79 Cr	8.1%
HSBC Corporate Bond Fund Direct Growth Low to Moderate Risk	0.3%	0.0%	₹6261.72 Cr	8.2%
HSBC Dynamic Bond Fund Direct Growth Moderate Risk	0.2%	0.0%	₹170.49 Cr	5.7%
HSBC Money Market Fund Direct Growth Low to Moderate Risk	0.1%	0.0%	₹6012.07 Cr	7.5%
HSBC Gilt Fund Direct Growth Moderate Risk	0.5%	0.0%	₹295.06 Cr	3.8%
HSBC Medium Duration Direct Growth Moderate Risk	0.4%	0.0%	₹787.59 Cr	8.4%
HSBC Focused Fund Direct Growth Very High Risk	1.0%	1.0%	₹1723.43 Cr	-2.5%
HSBC Business Cycles Fund Direct Growth Very High Risk	1.1%	1.0%	₹1152.07 Cr	-8.1%
HSBC Overnight Fund Direct Growth Low Risk	0.1%	0.0%	₹3458.25 Cr	5.9%
HSBC Conservative Hybrid Fund Direct Growth Moderately High risk	1.2%	0.0%	₹148.63 Cr	1.9%
HSBC Large Cap Fund Direct Growth Very High Risk	1.3%	1.0%	₹1918.97 Cr	-0.3%
HSBC Global Emerging Markets Fund Direct Growth Very High Risk	1.1%	1.0%	₹305.97 Cr	37.0%
HSBC Brazil Fund Direct Growth Very High Risk	1.0%	1.0%	₹303.14 Cr	42.4%
HSBC Medium to Long Duration Fund Direct Growth Moderate Risk	0.7%	0.0%	₹48.61 Cr	6.0%
HSBC Liquid Fund Direct Growth Low to Moderate Risk	0.1%	0.0%	₹17011.44 Cr	6.6%
HSBC Flexi Cap Fund Direct Growth Very High Risk	1.2%	1.0%	₹5247.71 Cr	-3.7%
HSBC Tax Saver Equity Fund Direct Growth Very High Risk	1.8%	0.0%	₹245.87 Cr	-2.7%
HSBC Ultra Short Duration Fund Direct Growth Low to Moderate Risk	0.2%	0.0%	₹4058.99 Cr	7.2%
HSBC CRISIL IBX 50:50 Gilt Plus SDL Apr 2028 Index Fund Direct Growth Low to Moderate Risk	0.2%	0.0%	₹1859.72 Cr	8.0%
HSBC Small Cap Fund Direct Growth Very High Risk	0.6%	1.0%	₹16202.83 Cr	-15.4%
HSBC Global Equity Climate Change Fund of Fund Direct Growth Very High Risk	0.8%	1.0%	₹51.80 Cr	9.0%
HSBC Managed Solutions India Conservative Direct Growth Low to Moderate Risk	0.1%	0.0%	₹697.01 Cr	5.2%
HSBC Managed Solutions India Moderate Direct Growth Very High Risk	0.1%	1.0%	₹71.42 Cr	8.2%
HSBC Managed Solutions India Growth Direct Growth Very High Risk	0.1%	1.0%	₹44.41 Cr	-1.3%
HSBC CRISIL IBX Gilt June 2027 Index Fund Direct Growth Low to Moderate Risk	0.2%	0.0%	₹193.22 Cr	7.9%
HSBC Arbitrage Fund Direct Growth Low Risk	0.3%	0.0%	₹2326.90 Cr	7.0%
HSBC Nifty Next 50 Index Fund Direct Growth Very High Risk	0.3%	1.0%	₹141.89 Cr	-7.0%
HSBC Nifty 50 Index Fund Direct Growth Very High Risk	0.2%	1.0%	₹373.03 Cr	6.2%
HSBC Large & Mid Cap Fund Direct Growth Very High Risk	0.8%	1.0%	₹4664.05 Cr	-6.4%
HSBC Multi Cap Fund Direct Growth Very High Risk	0.6%	1.0%	₹5340.88 Cr	-2.8%
HSBC Asia Pacific (Ex Japan) Dividend Yield Fund Direct Growth Very High Risk	1.0%	1.0%	₹74.51 Cr	32.4%

Risk Level

Your principal amount will be at Low Risk

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Still got questions?
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What is the current NAV of HSBC Arbitrage Fund Direct Growth?

The NAV of HSBC Arbitrage Fund Direct Growth, as of 11-Dec-2025, is ₹20.88.

What are the returns of HSBC Arbitrage Fund Direct Growth?

The fund has generated 6.96% over the last 1 year and 7.65% 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 HSBC Arbitrage Fund Direct Growth?

The fund's allocation of assets is distributed as -0.45% in equities, 6.18% in bonds, and 94.24% in cash and cash equivalents.

Who manages the HSBC Arbitrage Fund Direct Growth?

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

Mahesh Chhabria
Praveen Ayathan
Mohd Asif Rizwi

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

₹2,327 Cr

Expense Ratio

0.28%

ISIN

INF917K01QR5

Minimum SIP

₹1,000

Exit Load

No Charges

Inception Date

30 Jun 2014

Risk Level

Your principal amount will be at Low Risk