LIC MF Arbitrage Fund Direct Growth

Fund Overview

Fund Size

₹281 Cr

Expense Ratio

0.29%

ISIN

INF767K01PP0

Minimum SIP

₹500

Exit Load

No Charges

Inception Date

25 Jan 2019

About this fund

LIC MF Arbitrage Fund Direct Growth is a Arbitrage Fund mutual fund schemes offered by LIC Mutual Fund. This fund has been in existence for 7 years and 12 days, having been launched on 25-Jan-19.
As of 05-Feb-26, it has a Net Asset Value (NAV) of ₹14.99, Assets Under Management (AUM) of 281.47 Crores, and an expense ratio of 0.29%.

LIC MF Arbitrage Fund Direct Growth has given a CAGR return of 5.93% since inception.
The fund's asset allocation comprises around -0.27% in equities, 8.17% in debts, and 92.05% in cash & cash equivalents.
You can start investing in LIC MF Arbitrage Fund Direct Growth with a SIP of ₹500 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

+6.69%

+6.29% (Cat Avg.)

3 Years

+7.34%

+7.00% (Cat Avg.)

5 Years

+6.29%

+5.92% (Cat Avg.)

Since Inception

+5.93%

— (Cat Avg.)

Portfolio Summaryas of 31st January 2026

Equity	₹-0.77 Cr	-0.27%
Debt	₹22.99 Cr	8.17%
Others	₹259.25 Cr	92.11%

Top Holdings

All Holdings

Equity

Debt & Others

Name	Type	Amount	Holdings
Cash Offset For Derivatives	Cash - General Offset	₹189.15 Cr	67.20%
LIC MF Money Market Dir Gr	Mutual Fund - Open End	₹49.47 Cr	17.57%
National Bank For Agriculture And Rural Development	Bond - Corporate Bond	₹20.21 Cr	7.18%
Hdfc Bank Ltd.	Equity - Future	₹-17.87 Cr	6.35%
HDFC Bank Ltd	Equity	₹17.79 Cr	6.32%
Bharti Airtel Ltd.	Equity - Future	₹-14.54 Cr	5.16%
Bharti Airtel Ltd	Equity	₹14.49 Cr	5.15%
Reliance Industries Ltd.	Equity - Future	₹-14 Cr	4.98%
Reliance Industries Ltd	Equity	₹13.95 Cr	4.96%
Icici Bank Ltd.	Equity - Future	₹-13.44 Cr	4.77%
ICICI Bank Ltd	Equity	₹13.37 Cr	4.75%
Gmr Airports Ltd.	Equity - Future	₹-11.43 Cr	4.06%
GMR Airports Ltd	Equity	₹11.4 Cr	4.05%
Bharat Electronics Ltd.	Equity - Future	₹-10.14 Cr	3.60%
Bharat Electronics Ltd	Equity	₹10.11 Cr	3.59%
Tata Steel Ltd.	Equity - Future	₹-10.01 Cr	3.56%
Tata Steel Ltd	Equity	₹9.98 Cr	3.55%
LIC MF Liquid Dir Gr	Mutual Fund - Open End	₹9.75 Cr	3.46%
Bajaj Finance Ltd.	Equity - Future	₹-9.01 Cr	3.20%
Bajaj Finance Ltd	Equity	₹8.93 Cr	3.17%
Mahindra & Mahindra Ltd.	Equity - Future	₹-8.62 Cr	3.06%
Mahindra & Mahindra Ltd	Equity	₹8.58 Cr	3.05%
Treps	Cash - Repurchase Agreement	₹7.82 Cr	2.78%
Itc Ltd.	Equity - Future	₹-7.05 Cr	2.50%
ITC Ltd	Equity	₹7.01 Cr	2.49%
Kotak Mahindra Bank Ltd.	Equity - Future	₹-6.64 Cr	2.36%
Kotak Mahindra Bank Ltd	Equity	₹6.61 Cr	2.35%
Jio Financial Services Ltd.	Equity - Future	₹-6.54 Cr	2.32%
Jio Financial Services Ltd	Equity	₹6.52 Cr	2.32%
Axis Bank Ltd.	Equity - Future	₹-6.39 Cr	2.27%
Axis Bank Ltd	Equity	₹6.34 Cr	2.25%
Aurobindo Pharma Ltd	Equity	₹5.25 Cr	1.86%
Aurobindo Pharma Ltd.	Equity - Future	₹-5.25 Cr	1.86%
Angel One Limited	Cash - Commercial Paper	₹4.96 Cr	1.76%
Trent Ltd.	Equity - Future	₹-4.21 Cr	1.49%
Trent Ltd	Equity	₹4.2 Cr	1.49%
Tata Consultancy Services Ltd.	Equity - Future	₹-4.14 Cr	1.47%
Tata Consultancy Services Ltd	Equity	₹4.1 Cr	1.46%
Indus Towers Ltd.	Equity - Future	₹-4.09 Cr	1.45%
Indus Towers Ltd Ordinary Shares	Equity	₹4.08 Cr	1.45%
Titan Company Ltd.	Equity - Future	₹-4.05 Cr	1.44%
Titan Co Ltd	Equity	₹4.04 Cr	1.43%
Larsen & Toubro Ltd.	Equity - Future	₹-3.53 Cr	1.26%
Larsen & Toubro Ltd	Equity	₹3.51 Cr	1.25%
Punjab National Bank	Equity - Future	₹-2.72 Cr	0.97%
Punjab National Bank	Equity	₹2.7 Cr	0.96%
Eternal Ltd.	Equity - Future	₹-2.66 Cr	0.95%
Eternal Ltd	Equity	₹2.65 Cr	0.94%
Dlf Ltd.	Equity - Future	₹-2.52 Cr	0.90%
DLF Ltd	Equity	₹2.52 Cr	0.89%
Bank Of Baroda	Equity - Future	₹-2.37 Cr	0.84%
Bank of Baroda	Equity	₹2.36 Cr	0.84%
Infosys Ltd.	Equity - Future	₹-1.99 Cr	0.71%
Infosys Ltd	Equity	₹1.97 Cr	0.70%
Steel Authority Of India Ltd.	Equity - Future	₹-1.86 Cr	0.66%
Steel Authority Of India Ltd	Equity	₹1.85 Cr	0.66%
Hindustan Petroleum Corporation Ltd.	Equity - Future	₹-1.74 Cr	0.62%
Hindustan Petroleum Corp Ltd	Equity	₹1.73 Cr	0.61%
Maruti Suzuki India Ltd.	Equity - Future	₹-1.61 Cr	0.57%
Maruti Suzuki India Ltd	Equity	₹1.61 Cr	0.57%
Nestle India Ltd	Equity	₹1.6 Cr	0.57%
Nestle India Ltd.	Equity - Future	₹-1.59 Cr	0.57%
Grasim Industries Ltd.	Equity - Future	₹-1.42 Cr	0.50%
Grasim Industries Ltd	Equity	₹1.41 Cr	0.50%
Lodha Developers Ltd.	Equity - Future	₹-1.4 Cr	0.50%
Lodha Developers Ltd	Equity	₹1.4 Cr	0.50%
Bse Ltd.	Equity - Future	₹-0.94 Cr	0.34%
BSE Ltd	Equity	₹0.94 Cr	0.34%
Net Receivables / (Payables)	Cash	₹0.89 Cr	0.32%
Exide Industries Ltd.	Equity - Future	₹-0.7 Cr	0.25%
Exide Industries Ltd	Equity	₹0.69 Cr	0.25%
Tata Power Company Ltd.	Equity - Future	₹-0.69 Cr	0.25%
Tata Power Co Ltd	Equity	₹0.69 Cr	0.25%
Gail (India) Ltd.	Equity - Future	₹-0.64 Cr	0.23%
GAIL (India) Ltd	Equity	₹0.63 Cr	0.22%
Jsw Energy Ltd.	Equity - Future	₹-0.55 Cr	0.20%
JSW Energy Ltd	Equity	₹0.55 Cr	0.20%
Divi's Laboratories Ltd.	Equity - Future	₹-0.55 Cr	0.19%
Divi's Laboratories Ltd	Equity	₹0.54 Cr	0.19%
Interglobe Aviation Ltd.	Equity - Future	₹-0.49 Cr	0.17%
InterGlobe Aviation Ltd	Equity	₹0.48 Cr	0.17%
Samvardhana Motherson International Ltd.	Equity - Future	₹-0.42 Cr	0.15%
Samvardhana Motherson International Ltd	Equity	₹0.42 Cr	0.15%
Bharat Heavy Electricals Ltd.	Equity - Future	₹-0.41 Cr	0.15%
Bharat Heavy Electricals Ltd	Equity	₹0.41 Cr	0.15%
Crompton Greaves Cons Electrical Ltd.	Equity - Future	₹-0.32 Cr	0.11%
Crompton Greaves Consumer Electricals Ltd	Equity	₹0.32 Cr	0.11%
Power Finance Corp Ltd	Equity	₹0.2 Cr	0.07%
Power Finance Corporation Ltd.	Equity - Future	₹-0.2 Cr	0.07%
Container Corporation of India Ltd	Equity	₹0.19 Cr	0.07%
Container Corporation Of India Ltd.	Equity - Future	₹-0.19 Cr	0.07%
Housing & Urban Development Corp Ltd	Equity	₹0.16 Cr	0.06%
Housing & Urban Development Corp Ltd.	Equity - Future	₹-0.16 Cr	0.06%
Bosch Ltd	Equity	₹0.09 Cr	0.03%
Bosch Ltd.	Equity - Future	₹-0.09 Cr	0.03%

Allocation By Market Cap (Equity)

Allocation By Credit Quality (Debt)

AAA

Other Allocation

Equity Sector

Debt & Others

Sector	Amount	Holdings
Financial Services	₹65.92 Cr	23.42%
Industrials	₹26.1 Cr	9.27%
Consumer Cyclical	₹22.6 Cr	8.03%
Communication Services	₹18.57 Cr	6.60%
Energy	₹15.68 Cr	5.57%
Basic Materials	₹13.24 Cr	4.70%
Consumer Defensive	₹8.61 Cr	3.06%
Technology	₹6.07 Cr	2.16%
Healthcare	₹5.79 Cr	2.06%
Real Estate	₹3.92 Cr	1.39%
Utilities	₹1.87 Cr	0.67%

Risk & Performance Ratios

Fund Managers

Sumit Bhatnagar

Since October 2023

Pratik Shroff

Since September 2023

Additional Scheme Detailsas of 31st January 2026

ISIN

INF767K01PP0

Expense Ratio

0.29%

Exit Load

No Charges

Fund Size

₹281 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:

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

LIC Mutual Fund

+91 022-66016000

https://www.licmf.com/

Total AUM

₹46,280 Cr

Address

4th Floor, Industrial Assurance Building, Mumbai, 400 020

Other Funds by LIC Mutual Fund

Fund name	Expense Ratio	Exit Load	Fund size	1Y
LIC MF Consumption Fund Direct Growth Very High Risk	0.6%	1.0%	₹527.27 Cr	-
LIC MF Multi Asset Allocation Fund Regular Growth Very High Risk	0.5%	1.0%	₹904.43 Cr	-
LIC MF Manufacturing Fund Direct Growth Very High Risk	0.7%	1.0%	₹749.76 Cr	14.0%
LIC MF Large & Mid Cap Fund Direct Growth Very High Risk	0.6%	1.0%	₹2992.97 Cr	6.1%
LIC MF Aggressive Hybrid Fund Direct Growth Very High Risk	1.4%	1.0%	₹534.47 Cr	7.7%
LIC MF Medium to Long Duration Bond Fund Direct Growth Moderate Risk	0.2%	0.0%	₹199.40 Cr	6.5%
LIC MF Flexi Cap Fund Direct Growth Very High Risk	1.3%	1.0%	₹1765.96 Cr	5.1%
LIC MF Gilt Fund Direct Growth Moderate Risk	0.7%	0.0%	₹56.96 Cr	2.6%
LIC MF Banking & PSU Debt Fund Direct Growth Moderate Risk	0.3%	0.0%	₹1873.26 Cr	7.4%
LIC MF Large Cap Fund Direct Growth Very High Risk	1.0%	1.0%	₹1433.80 Cr	6.5%
LIC MF Low Duration Fund Direct Growth Low to Moderate Risk	0.3%	0.0%	₹1938.34 Cr	7.3%
LIC MF S & P Sensex Index Fund Direct Growth Very High Risk	0.8%	0.0%	₹90.87 Cr	7.0%
LIC MF Nifty 50 Index Fund Direct Growth Very High Risk	0.6%	0.0%	₹358.74 Cr	9.0%
LIC MF Infrastructure Fund Direct Growth Very High Risk	0.8%	1.0%	₹946.24 Cr	11.0%
LIC MF Liquid Plan Direct Growth Moderate Risk	0.1%	0.0%	₹12352.47 Cr	6.4%
LIC MF ELSS Direct Growth Very High Risk	1.0%	0.0%	₹1053.61 Cr	2.8%
LIC MF Gold ETF FOF Direct Growth High Risk	0.3%	1.0%	₹623.38 Cr	75.6%
LIC MF Equity Savings Fund Direct Growth Moderately High risk	1.2%	1.0%	₹36.23 Cr	6.3%
LIC MF Nifty Next 50 Index Fund Direct Growth Very High Risk	0.4%	0.0%	₹99.93 Cr	8.3%
LIC MF Short Duration Fund Direct Growth Low to Moderate Risk	0.4%	0.0%	₹264.03 Cr	7.6%
LIC MF Arbitrage Fund Direct Growth Low Risk	0.3%	0.0%	₹281.47 Cr	6.7%
LIC MF Balanced Advantage Fund Direct Growth Very High Risk	0.8%	1.0%	₹718.69 Cr	5.0%
LIC MF Focused 30 Equity Direct Growth Very High Risk	1.6%	1.0%	₹172.37 Cr	0.3%
LIC MF Long Term Value Fund Direct Growth Very High Risk	1.4%	1.0%	₹199.33 Cr	3.3%
LIC MF Healthcare Fund Direct Growth Very High Risk	1.2%	1.0%	₹83.12 Cr	-3.4%
LIC MF Small Cap Fund Direct Growth Very High Risk	1.0%	1.0%	₹619.16 Cr	-5.7%
LIC MF Conservative Hybrid Fund Direct Growth Moderately High risk	1.4%	1.0%	₹49.19 Cr	5.4%
LIC MF Midcap Fund Direct Growth Very High Risk	1.4%	1.0%	₹345.56 Cr	3.3%
LIC MF Banking & Financial Services Fund Direct Growth Very High Risk	1.2%	1.0%	₹278.17 Cr	20.2%
LIC MF Money Market Fund Direct Growth Moderate Risk	0.2%	0.0%	₹4006.23 Cr	7.0%
LIC MF Overnight Fund Direct Growth Low Risk	0.1%	0.0%	₹712.15 Cr	5.7%
LIC MF Multi Cap Fund Direct Growth Very High Risk	0.5%	1.0%	₹1828.32 Cr	7.7%
LIC MF Dividend Yield Fund Direct Growth Very High Risk	0.7%	1.0%	₹688.69 Cr	7.7%
LIC MF Ultra Short Duration Fund Direct Growth Low to Moderate Risk	0.3%	0.0%	₹220.41 Cr	6.9%

Risk Level

Your principal amount will be at Low Risk

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What is the current NAV of LIC MF Arbitrage Fund Direct Growth?

The NAV of LIC MF Arbitrage Fund Direct Growth, as of 05-Feb-2026, is ₹14.99.

What are the returns of LIC MF Arbitrage Fund Direct Growth?

The fund has generated 6.69% over the last 1 year and 7.34% 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 LIC MF Arbitrage Fund Direct Growth?

The fund's allocation of assets is distributed as -0.27% in equities, 8.17% in bonds, and 92.05% in cash and cash equivalents.

Who manages the LIC MF Arbitrage Fund Direct Growth?

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

Sumit Bhatnagar
Pratik Shroff

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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LIC MF Arbitrage Fund Direct Growth

Fund Overview