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Nippon India Arbitrage Fund Direct Growth
Alternative StrategiesArbitrage FundLow Risk
Direct
NAV (11-Dec-25)
₹29.47-0.06%1D
Returns (Since Inception)
7.09%
Rated ★4.3+ on 
Fund Overview
Fund Size
₹16,259 Cr
Expense Ratio
0.38%
ISIN
INF204K01XZ7
Minimum SIP
₹1,000
Exit Load
No Charges
Inception Date
01 Jan 2013
About this fund
Nippon India Arbitrage Fund Direct Growth is a Arbitrage Fund mutual fund schemes offered by Nippon India Mutual Fund. This fund has been in existence for 12 years, 11 months and 11 days, having been launched on 01-Jan-13.
As of 11-Dec-25, it has a Net Asset Value (NAV) of ₹29.47, Assets Under Management (AUM) of 16259.48 Crores, and an expense ratio of 0.38%.
As of 11-Dec-25, it has a Net Asset Value (NAV) of ₹29.47, Assets Under Management (AUM) of 16259.48 Crores, and an expense ratio of 0.38%.
- Nippon India Arbitrage Fund Direct Growth has given a CAGR return of 7.09% since inception.
- The fund's asset allocation comprises around 74.85% in equities, 7.34% in debts, and 17.77% in cash & cash equivalents.
- You can start investing in Nippon 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
+6.96%
+6.28% (Cat Avg.)
3 Years
+7.72%
+7.08% (Cat Avg.)
5 Years
+6.45%
+5.81% (Cat Avg.)
10 Years
+6.51%
+5.84% (Cat Avg.)
Since Inception
+7.09%
— (Cat Avg.)
Portfolio Summaryas of 30th November 2025
| Equity | ₹12,169.99 Cr | 74.85% |
| Debt | ₹1,193.75 Cr | 7.34% |
| Others | ₹2,895.75 Cr | 17.81% |
Top Holdings
All Holdings
Equity
Debt & Others
| Name | Type  | Amount | Holdings |
|---|---|---|---|
| Nippon India Money Market Dir Gr | Mutual Fund - Open End | ₹1,592.39 Cr | 9.79% |
| Nippon India U/ST Duration Dir Gr | Mutual Fund - Open End | ₹963.31 Cr | 5.92% |
| Triparty Repo | Cash - Repurchase Agreement | ₹712.41 Cr | 4.38% |
| Reliance Industries Ltd | Equity | ₹616.5 Cr | 3.79% |
| ICICI Bank Ltd | Equity | ₹499.4 Cr | 3.07% |
| HDFC Bank Ltd | Equity | ₹446.56 Cr | 2.75% |
| Nippon India Liquid Dir Gr | Mutual Fund - Open End | ₹313.64 Cr | 1.93% |
| Vedanta Ltd | Equity | ₹307.05 Cr | 1.89% |
| Eternal Ltd | Equity | ₹304.92 Cr | 1.88% |
| State Bank of India | Equity | ₹303.17 Cr | 1.86% |
| Axis Bank Ltd | Equity | ₹294.17 Cr | 1.81% |
| Bharti Airtel Ltd | Equity | ₹286.8 Cr | 1.76% |
| Jio Financial Services Ltd | Equity | ₹270.13 Cr | 1.66% |
| Mahindra & Mahindra Ltd | Equity | ₹255.57 Cr | 1.57% |
| Shriram Finance Ltd | Equity | ₹251.61 Cr | 1.55% |
| JSW Steel Ltd | Equity | ₹238.17 Cr | 1.46% |
| ITC Ltd | Equity | ₹211.37 Cr | 1.30% |
| Grasim Industries Ltd | Equity | ₹209.84 Cr | 1.29% |
| Vodafone Idea Ltd | Equity | ₹209.22 Cr | 1.29% |
| Ambuja Cements Ltd | Equity | ₹191.92 Cr | 1.18% |
| Hindustan Zinc Ltd | Equity | ₹170.23 Cr | 1.05% |
| UltraTech Cement Ltd | Equity | ₹167.21 Cr | 1.03% |
| IndusInd Bank Ltd | Equity | ₹163.83 Cr | 1.01% |
| Glenmark Pharmaceuticals Ltd | Equity | ₹158.52 Cr | 0.97% |
| Piramal Finance Limited | Bond - Corporate Bond | ₹150.5 Cr | 0.93% |
| NTPC Ltd | Equity | ₹148.91 Cr | 0.92% |
| Dixon Technologies (India) Ltd | Equity | ₹148.64 Cr | 0.91% |
| Container Corporation of India Ltd | Equity | ₹147.11 Cr | 0.90% |
| REC Ltd | Equity | ₹146.89 Cr | 0.90% |
| Steel Authority Of India Ltd | Equity | ₹145.58 Cr | 0.90% |
| RBL Bank Ltd | Equity | ₹139.75 Cr | 0.86% |
| Aurobindo Pharma Ltd | Equity | ₹138.78 Cr | 0.85% |
| Larsen & Toubro Ltd | Equity | ₹128.12 Cr | 0.79% |
| Indus Towers Ltd Ordinary Shares | Equity | ₹127.63 Cr | 0.78% |
| Adani Ports & Special Economic Zone Ltd | Equity | ₹121.12 Cr | 0.74% |
| Aditya Birla Capital Ltd | Equity | ₹115.77 Cr | 0.71% |
| Hindustan Aeronautics Ltd Ordinary Shares | Equity | ₹114.2 Cr | 0.70% |
| Tube Investments of India Ltd Ordinary Shares | Equity | ₹112.88 Cr | 0.69% |
| Maruti Suzuki India Ltd | Equity | ₹108.36 Cr | 0.67% |
| Marico Ltd | Equity | ₹105.54 Cr | 0.65% |
| Muthoot Finance Limited | Bond - Corporate Bond | ₹101.5 Cr | 0.62% |
| Poonawalla Fincorp Limited | Bond - Corporate Bond | ₹100.07 Cr | 0.62% |
| Bharat Electronics Ltd | Equity | ₹99.39 Cr | 0.61% |
| Sammaan Capital Ltd | Equity | ₹98.58 Cr | 0.61% |
| Laurus Labs Ltd | Equity | ₹98.36 Cr | 0.60% |
| Patanjali Foods Ltd | Equity | ₹96.23 Cr | 0.59% |
| Bajaj Finance Ltd | Equity | ₹95.94 Cr | 0.59% |
| Net Current Assets | Cash | ₹-94.26 Cr | 0.58% |
| Adani Energy Solutions Ltd | Equity | ₹93.72 Cr | 0.58% |
| Oil & Natural Gas Corp Ltd | Equity | ₹91.84 Cr | 0.56% |
| Tata Steel Ltd | Equity | ₹90.07 Cr | 0.55% |
| Samvardhana Motherson International Ltd | Equity | ₹85.98 Cr | 0.53% |
| Hindalco Industries Ltd | Equity | ₹85.62 Cr | 0.53% |
| Tata Consultancy Services Ltd | Equity | ₹85.49 Cr | 0.53% |
| Yes Bank Ltd | Equity | ₹85.36 Cr | 0.52% |
| Godrej Properties Ltd | Equity | ₹82.92 Cr | 0.51% |
| Titan Co Ltd | Equity | ₹81.86 Cr | 0.50% |
| JSW Energy Ltd | Equity | ₹78.04 Cr | 0.48% |
| Crompton Greaves Consumer Electricals Ltd | Equity | ₹77.52 Cr | 0.48% |
| 360 One Prime Limited | Bond - Corporate Bond | ₹74.92 Cr | 0.46% |
| Godrej Finance Limited | Cash - Commercial Paper | ₹73.93 Cr | 0.45% |
| Bank of Baroda | Equity | ₹71.46 Cr | 0.44% |
| NMDC Ltd | Equity | ₹70.75 Cr | 0.44% |
| Bajaj Finserv Ltd | Equity | ₹68.21 Cr | 0.42% |
| National Aluminium Co Ltd | Equity | ₹67.66 Cr | 0.42% |
| Kalyan Jewellers India Ltd | Equity | ₹66.09 Cr | 0.41% |
| Varun Beverages Ltd | Equity | ₹65.57 Cr | 0.40% |
| Hindustan Petroleum Corp Ltd | Equity | ₹64.11 Cr | 0.39% |
| HCL Technologies Ltd | Equity | ₹63.95 Cr | 0.39% |
| Apollo Hospitals Enterprise Ltd | Equity | ₹63.45 Cr | 0.39% |
| LIC Housing Finance Ltd | Equity | ₹63.37 Cr | 0.39% |
| Power Finance Corp Ltd | Equity | ₹63.28 Cr | 0.39% |
| Nestle India Ltd | Equity | ₹62.99 Cr | 0.39% |
| DLF Ltd | Equity | ₹62.74 Cr | 0.39% |
| Kotak Mahindra Bank Ltd | Equity | ₹62.29 Cr | 0.38% |
| GMR Airports Ltd | Equity | ₹62.2 Cr | 0.38% |
| Polycab India Ltd | Equity | ₹61.91 Cr | 0.38% |
| Trent Ltd | Equity | ₹60.19 Cr | 0.37% |
| Mphasis Ltd | Equity | ₹56.28 Cr | 0.35% |
| Asian Paints Ltd | Equity | ₹54.61 Cr | 0.34% |
| Muthoot Finance Limited | Bond - Corporate Bond | ₹50.01 Cr | 0.31% |
| Kaynes Technology India Ltd | Equity | ₹46.94 Cr | 0.29% |
| Max Healthcare Institute Ltd Ordinary Shares | Equity | ₹46.46 Cr | 0.29% |
| Sun Pharmaceuticals Industries Ltd | Equity | ₹45.96 Cr | 0.28% |
| AU Small Finance Bank Ltd | Equity | ₹45.85 Cr | 0.28% |
| United Spirits Ltd | Equity | ₹45.12 Cr | 0.28% |
| Eicher Motors Ltd | Equity | ₹43.82 Cr | 0.27% |
| Torrent Pharmaceuticals Ltd | Equity | ₹43.72 Cr | 0.27% |
| SRF Ltd | Equity | ₹43.62 Cr | 0.27% |
| Tata Elxsi Ltd | Equity | ₹41.63 Cr | 0.26% |
| Lodha Developers Ltd | Equity | ₹41.18 Cr | 0.25% |
| Phoenix Mills Ltd | Equity | ₹40.36 Cr | 0.25% |
| Sona BLW Precision Forgings Ltd | Equity | ₹40.09 Cr | 0.25% |
| Biocon Ltd | Equity | ₹40.03 Cr | 0.25% |
| Divi's Laboratories Ltd | Equity | ₹39.9 Cr | 0.25% |
| Adani Green Energy Ltd | Equity | ₹38.74 Cr | 0.24% |
| Max Financial Services Ltd | Equity | ₹37.11 Cr | 0.23% |
| Pidilite Industries Ltd | Equity | ₹37.04 Cr | 0.23% |
| PB Fintech Ltd | Equity | ₹36.92 Cr | 0.23% |
| ICICI Prudential Life Insurance Co Ltd | Equity | ₹36.46 Cr | 0.22% |
| Bharat Forge Ltd | Equity | ₹35.99 Cr | 0.22% |
| Fortis Healthcare Ltd | Equity | ₹34.76 Cr | 0.21% |
| UPL Ltd | Equity | ₹34.13 Cr | 0.21% |
| Manappuram Finance Ltd | Equity | ₹33.6 Cr | 0.21% |
| Hindustan Unilever Ltd | Equity | ₹33.6 Cr | 0.21% |
| Bharat Petroleum Corp Ltd | Equity | ₹33.12 Cr | 0.20% |
| Indian Oil Corp Ltd | Equity | ₹33.04 Cr | 0.20% |
| Delhivery Ltd | Equity | ₹31.57 Cr | 0.19% |
| Hero MotoCorp Ltd | Equity | ₹31.3 Cr | 0.19% |
| Bandhan Bank Ltd | Equity | ₹30.75 Cr | 0.19% |
| Exide Industries Ltd | Equity | ₹30.29 Cr | 0.19% |
| Power Grid Corp Of India Ltd | Equity | ₹30.21 Cr | 0.19% |
| Alkem Laboratories Ltd | Equity | ₹28.21 Cr | 0.17% |
| Suzlon Energy Ltd | Equity | ₹27.54 Cr | 0.17% |
| Union Bank of India | Equity | ₹26.45 Cr | 0.16% |
| HFCL Ltd | Equity | ₹26.07 Cr | 0.16% |
| Jtpm Metal TRaders Limited | Bond - Corporate Bond | ₹25.69 Cr | 0.16% |
| Punjab National Bank | Equity | ₹25.6 Cr | 0.16% |
| Mankind Pharma Ltd | Equity | ₹25.22 Cr | 0.16% |
| Cyient Ltd | Equity | ₹25.07 Cr | 0.15% |
| One Prime Ltd | Bond - Corporate Bond | ₹25.06 Cr | 0.15% |
| IDFC First Bank Ltd | Equity | ₹24.53 Cr | 0.15% |
| Supreme Industries Ltd | Equity | ₹23.56 Cr | 0.14% |
| Syngene International Ltd | Equity | ₹23.53 Cr | 0.14% |
| Computer Age Management Services Ltd Ordinary Shares | Equity | ₹23.51 Cr | 0.14% |
| Housing & Urban Development Corp Ltd | Equity | ₹22.58 Cr | 0.14% |
| NBCC India Ltd | Equity | ₹21.54 Cr | 0.13% |
| Petronet LNG Ltd | Equity | ₹20.92 Cr | 0.13% |
| APL Apollo Tubes Ltd | Equity | ₹20.64 Cr | 0.13% |
| Persistent Systems Ltd | Equity | ₹19.69 Cr | 0.12% |
| PNB Housing Finance Ltd | Equity | ₹19.48 Cr | 0.12% |
| Coforge Ltd | Equity | ₹17.82 Cr | 0.11% |
| Bank of India | Equity | ₹17.67 Cr | 0.11% |
| Bharat Dynamics Ltd Ordinary Shares | Equity | ₹17.61 Cr | 0.11% |
| Godrej Consumer Products Ltd | Equity | ₹17.53 Cr | 0.11% |
| CG Power & Industrial Solutions Ltd | Equity | ₹17.16 Cr | 0.11% |
| Solar Industries India Ltd | Equity | ₹17.02 Cr | 0.10% |
| Adani Enterprises Ltd | Equity | ₹15.99 Cr | 0.10% |
| Tata Motors Passenger Vehicles Ltd | Equity | ₹14.81 Cr | 0.09% |
| Jindal Steel Ltd | Equity | ₹13.25 Cr | 0.08% |
| Tata Consumer Products Ltd | Equity | ₹13.09 Cr | 0.08% |
| Lupin Ltd | Equity | ₹12.65 Cr | 0.08% |
| Coal India Ltd | Equity | ₹12.19 Cr | 0.07% |
| TVS Motor Co Ltd | Equity | ₹11.43 Cr | 0.07% |
| LTIMindtree Ltd | Equity | ₹11.16 Cr | 0.07% |
| Muthoot Finance Ltd | Equity | ₹10.5 Cr | 0.06% |
| Indian Hotels Co Ltd | Equity | ₹10.35 Cr | 0.06% |
| Avenue Supermarts Ltd | Equity | ₹10.07 Cr | 0.06% |
| PG Electroplast Ltd | Equity | ₹9.43 Cr | 0.06% |
| Shree Cement Ltd | Equity | ₹8.84 Cr | 0.05% |
| Zydus Lifesciences Ltd | Equity | ₹8.74 Cr | 0.05% |
| InterGlobe Aviation Ltd | Equity | ₹8.41 Cr | 0.05% |
| Tech Mahindra Ltd | Equity | ₹8.38 Cr | 0.05% |
| Tata Power Co Ltd | Equity | ₹8.26 Cr | 0.05% |
| Torrent Power Ltd | Equity | ₹8.08 Cr | 0.05% |
| Infosys Ltd | Equity | ₹7.99 Cr | 0.05% |
| Jubilant Foodworks Ltd | Equity | ₹7.37 Cr | 0.05% |
| Britannia Industries Ltd | Equity | ₹7.31 Cr | 0.04% |
| GAIL (India) Ltd | Equity | ₹7.1 Cr | 0.04% |
| Bharat Heavy Electricals Ltd | Equity | ₹7.02 Cr | 0.04% |
| Oracle Financial Services Software Ltd | Equity | ₹6.45 Cr | 0.04% |
| Cipla Ltd | Equity | ₹6.43 Cr | 0.04% |
| Info Edge (India) Ltd | Equity | ₹6.19 Cr | 0.04% |
| UNO Minda Ltd | Equity | ₹6.04 Cr | 0.04% |
| Inox Wind Ltd | Equity | ₹6.03 Cr | 0.04% |
| One97 Communications Ltd | Equity | ₹5.94 Cr | 0.04% |
| Prestige Estates Projects Ltd | Equity | ₹5.89 Cr | 0.04% |
| SBI Life Insurance Co Ltd | Equity | ₹5.6 Cr | 0.03% |
| NHPC Ltd | Equity | ₹5.6 Cr | 0.03% |
| Bosch Ltd | Equity | ₹5.42 Cr | 0.03% |
| Havells India Ltd | Equity | ₹5.05 Cr | 0.03% |
| Hitachi Energy India Ltd Ordinary Shares | Equity | ₹4.52 Cr | 0.03% |
| L&T Finance Ltd | Equity | ₹4.32 Cr | 0.03% |
| Dalmia Bharat Ltd | Equity | ₹4.31 Cr | 0.03% |
| Cummins India Ltd | Equity | ₹3.67 Cr | 0.02% |
| Mazagon Dock Shipbuilders Ltd | Equity | ₹3.66 Cr | 0.02% |
| Life Insurance Corporation of India | Equity | ₹3.51 Cr | 0.02% |
| ICICI Lombard General Insurance Co Ltd | Equity | ₹3.07 Cr | 0.02% |
| HDFC Life Insurance Co Ltd | Equity | ₹2.35 Cr | 0.01% |
| Oberoi Realty Ltd | Equity | ₹1.73 Cr | 0.01% |
| NCC Ltd | Equity | ₹1.67 Cr | 0.01% |
| IIFL Finance Ltd | Equity | ₹1.62 Cr | 0.01% |
| Indian Railway Finance Corp Ltd Ordinary Shares | Equity | ₹1.15 Cr | 0.01% |
| Indian Renewable Energy Development Agency Ltd | Equity | ₹0.99 Cr | 0.01% |
| Dr Reddy's Laboratories Ltd | Equity | ₹0.63 Cr | 0.00% |
| Cash Margin - Ccil | Cash - Repurchase Agreement | ₹0.33 Cr | 0.00% |
Allocation By Market Cap (Equity)
Large Cap Stocks
51.01%
Mid Cap Stocks
20.34%
Small Cap Stocks
3.50%
Allocation By Credit Quality (Debt)
AAA
AA
Other Allocation
Equity Sector
Debt & Others
| Sector | Amount | Holdings |
|---|---|---|
| Financial Services | ₹3,629.86 Cr | 22.32% |
| Basic Materials | ₹1,933.94 Cr | 11.89% |
| Consumer Cyclical | ₹1,277.39 Cr | 7.86% |
| Industrials | ₹1,094.63 Cr | 6.73% |
| Energy | ₹887.71 Cr | 5.46% |
| Healthcare | ₹815.36 Cr | 5.01% |
| Consumer Defensive | ₹668.42 Cr | 4.11% |
| Communication Services | ₹629.84 Cr | 3.87% |
| Technology | ₹579.36 Cr | 3.56% |
| Utilities | ₹418.66 Cr | 2.57% |
| Real Estate | ₹234.83 Cr | 1.44% |
Risk & Performance Ratios
Standard Deviation
This fund
0.37%
Cat. avg.
0.53%
Lower the better
Sharpe Ratio
This fund
2.80
Cat. avg.
1.04
Higher the better
Sortino Ratio
This fund
--
Cat. avg.
3.33
Higher the better
Fund Managers
Vikash Agarwal
Since September 2024
Nemish Sheth
Since March 2025
RS
Rohit Shah
Since April 2024
LM
Lokesh Maru
Since September 2025
DS
Divya Sharma
Since September 2025
Additional Scheme Detailsas of 30th November 2025
ISIN INF204K01XZ7 | Expense Ratio 0.38% | Exit Load No Charges | Fund Size ₹16,259 Cr | Age 12 years 11 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
Nippon India Mutual Fund
Total AUM
₹7,05,375 Cr
Address
4th Floor, Tower A, Peninsula Business Park, Mumbai, 400 013
Other Funds by Nippon India 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 Nippon India Arbitrage Fund Direct Growth?
The NAV of Nippon India Arbitrage Fund Direct Growth, as of 11-Dec-2025, is ₹29.47.
What are the returns of Nippon India Arbitrage Fund Direct Growth?
The fund has generated 6.96% over the last 1 year and 7.72% 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 Nippon India Arbitrage Fund Direct Growth?
The fund's allocation of assets is distributed as 74.85% in equities, 7.34% in bonds, and 17.77% in cash and cash equivalents.
Who manages the Nippon India Arbitrage Fund Direct Growth?
The fund managers responsible for Nippon India Arbitrage Fund Direct Growth are:-
- Vikash Agarwal
- Nemish Sheth
- Rohit Shah
- Lokesh Maru
- Divya Sharma
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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.
Nippon India Arbitrage Fund Direct Growth
Alternative StrategiesArbitrage FundLow Risk
Direct
NAV (11-Dec-25)
₹29.47-0.06%1D
Returns (Since Inception)
7.09%
Rated ★4.3+ on
Fund Overview
Fund Size
₹16,259 Cr
Expense Ratio
0.38%
ISIN
INF204K01XZ7
Minimum SIP
₹1,000
Exit Load
No Charges
Inception Date
01 Jan 2013
Risk Level
Your principal amount will be at Low Risk
About this fund
Nippon India Arbitrage Fund Direct Growth is a Arbitrage Fund mutual fund schemes offered by Nippon India Mutual Fund. This fund has been in existence for 12 years, 11 months and 11 days, having been launched on 01-Jan-13.
As of 11-Dec-25, it has a Net Asset Value (NAV) of ₹29.47, Assets Under Management (AUM) of 16259.48 Crores, and an expense ratio of 0.38%.
As of 11-Dec-25, it has a Net Asset Value (NAV) of ₹29.47, Assets Under Management (AUM) of 16259.48 Crores, and an expense ratio of 0.38%.
- Nippon India Arbitrage Fund Direct Growth has given a CAGR return of 7.09% since inception.
- The fund's asset allocation comprises around 74.85% in equities, 7.34% in debts, and 17.77% in cash & cash equivalents.
- You can start investing in Nippon 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
+6.96%
+6.28% (Cat Avg.)
3 Years
+7.72%
+7.08% (Cat Avg.)
5 Years
+6.45%
+5.81% (Cat Avg.)
10 Years
+6.51%
+5.84% (Cat Avg.)
Since Inception
+7.09%
— (Cat Avg.)
Portfolio Summaryas of 30th November 2025
| Equity | ₹12,169.99 Cr | 74.85% |
| Debt | ₹1,193.75 Cr | 7.34% |
| Others | ₹2,895.75 Cr | 17.81% |
Top Holdings
All Holdings
Equity
Debt & Others
| Name | Type | Amount | Holdings |
|---|---|---|---|
| Nippon India Money Market Dir Gr | Mutual Fund - Open End | ₹1,592.39 Cr | 9.79% |
| Nippon India U/ST Duration Dir Gr | Mutual Fund - Open End | ₹963.31 Cr | 5.92% |
| Triparty Repo | Cash - Repurchase Agreement | ₹712.41 Cr | 4.38% |
| Reliance Industries Ltd | Equity | ₹616.5 Cr | 3.79% |
| ICICI Bank Ltd | Equity | ₹499.4 Cr | 3.07% |
| HDFC Bank Ltd | Equity | ₹446.56 Cr | 2.75% |
| Nippon India Liquid Dir Gr | Mutual Fund - Open End | ₹313.64 Cr | 1.93% |
| Vedanta Ltd | Equity | ₹307.05 Cr | 1.89% |
| Eternal Ltd | Equity | ₹304.92 Cr | 1.88% |
| State Bank of India | Equity | ₹303.17 Cr | 1.86% |
| Axis Bank Ltd | Equity | ₹294.17 Cr | 1.81% |
| Bharti Airtel Ltd | Equity | ₹286.8 Cr | 1.76% |
| Jio Financial Services Ltd | Equity | ₹270.13 Cr | 1.66% |
| Mahindra & Mahindra Ltd | Equity | ₹255.57 Cr | 1.57% |
| Shriram Finance Ltd | Equity | ₹251.61 Cr | 1.55% |
| JSW Steel Ltd | Equity | ₹238.17 Cr | 1.46% |
| ITC Ltd | Equity | ₹211.37 Cr | 1.30% |
| Grasim Industries Ltd | Equity | ₹209.84 Cr | 1.29% |
| Vodafone Idea Ltd | Equity | ₹209.22 Cr | 1.29% |
| Ambuja Cements Ltd | Equity | ₹191.92 Cr | 1.18% |
| Hindustan Zinc Ltd | Equity | ₹170.23 Cr | 1.05% |
| UltraTech Cement Ltd | Equity | ₹167.21 Cr | 1.03% |
| IndusInd Bank Ltd | Equity | ₹163.83 Cr | 1.01% |
| Glenmark Pharmaceuticals Ltd | Equity | ₹158.52 Cr | 0.97% |
| Piramal Finance Limited | Bond - Corporate Bond | ₹150.5 Cr | 0.93% |
| NTPC Ltd | Equity | ₹148.91 Cr | 0.92% |
| Dixon Technologies (India) Ltd | Equity | ₹148.64 Cr | 0.91% |
| Container Corporation of India Ltd | Equity | ₹147.11 Cr | 0.90% |
| REC Ltd | Equity | ₹146.89 Cr | 0.90% |
| Steel Authority Of India Ltd | Equity | ₹145.58 Cr | 0.90% |
| RBL Bank Ltd | Equity | ₹139.75 Cr | 0.86% |
| Aurobindo Pharma Ltd | Equity | ₹138.78 Cr | 0.85% |
| Larsen & Toubro Ltd | Equity | ₹128.12 Cr | 0.79% |
| Indus Towers Ltd Ordinary Shares | Equity | ₹127.63 Cr | 0.78% |
| Adani Ports & Special Economic Zone Ltd | Equity | ₹121.12 Cr | 0.74% |
| Aditya Birla Capital Ltd | Equity | ₹115.77 Cr | 0.71% |
| Hindustan Aeronautics Ltd Ordinary Shares | Equity | ₹114.2 Cr | 0.70% |
| Tube Investments of India Ltd Ordinary Shares | Equity | ₹112.88 Cr | 0.69% |
| Maruti Suzuki India Ltd | Equity | ₹108.36 Cr | 0.67% |
| Marico Ltd | Equity | ₹105.54 Cr | 0.65% |
| Muthoot Finance Limited | Bond - Corporate Bond | ₹101.5 Cr | 0.62% |
| Poonawalla Fincorp Limited | Bond - Corporate Bond | ₹100.07 Cr | 0.62% |
| Bharat Electronics Ltd | Equity | ₹99.39 Cr | 0.61% |
| Sammaan Capital Ltd | Equity | ₹98.58 Cr | 0.61% |
| Laurus Labs Ltd | Equity | ₹98.36 Cr | 0.60% |
| Patanjali Foods Ltd | Equity | ₹96.23 Cr | 0.59% |
| Bajaj Finance Ltd | Equity | ₹95.94 Cr | 0.59% |
| Net Current Assets | Cash | ₹-94.26 Cr | 0.58% |
| Adani Energy Solutions Ltd | Equity | ₹93.72 Cr | 0.58% |
| Oil & Natural Gas Corp Ltd | Equity | ₹91.84 Cr | 0.56% |
| Tata Steel Ltd | Equity | ₹90.07 Cr | 0.55% |
| Samvardhana Motherson International Ltd | Equity | ₹85.98 Cr | 0.53% |
| Hindalco Industries Ltd | Equity | ₹85.62 Cr | 0.53% |
| Tata Consultancy Services Ltd | Equity | ₹85.49 Cr | 0.53% |
| Yes Bank Ltd | Equity | ₹85.36 Cr | 0.52% |
| Godrej Properties Ltd | Equity | ₹82.92 Cr | 0.51% |
| Titan Co Ltd | Equity | ₹81.86 Cr | 0.50% |
| JSW Energy Ltd | Equity | ₹78.04 Cr | 0.48% |
| Crompton Greaves Consumer Electricals Ltd | Equity | ₹77.52 Cr | 0.48% |
| 360 One Prime Limited | Bond - Corporate Bond | ₹74.92 Cr | 0.46% |
| Godrej Finance Limited | Cash - Commercial Paper | ₹73.93 Cr | 0.45% |
| Bank of Baroda | Equity | ₹71.46 Cr | 0.44% |
| NMDC Ltd | Equity | ₹70.75 Cr | 0.44% |
| Bajaj Finserv Ltd | Equity | ₹68.21 Cr | 0.42% |
| National Aluminium Co Ltd | Equity | ₹67.66 Cr | 0.42% |
| Kalyan Jewellers India Ltd | Equity | ₹66.09 Cr | 0.41% |
| Varun Beverages Ltd | Equity | ₹65.57 Cr | 0.40% |
| Hindustan Petroleum Corp Ltd | Equity | ₹64.11 Cr | 0.39% |
| HCL Technologies Ltd | Equity | ₹63.95 Cr | 0.39% |
| Apollo Hospitals Enterprise Ltd | Equity | ₹63.45 Cr | 0.39% |
| LIC Housing Finance Ltd | Equity | ₹63.37 Cr | 0.39% |
| Power Finance Corp Ltd | Equity | ₹63.28 Cr | 0.39% |
| Nestle India Ltd | Equity | ₹62.99 Cr | 0.39% |
| DLF Ltd | Equity | ₹62.74 Cr | 0.39% |
| Kotak Mahindra Bank Ltd | Equity | ₹62.29 Cr | 0.38% |
| GMR Airports Ltd | Equity | ₹62.2 Cr | 0.38% |
| Polycab India Ltd | Equity | ₹61.91 Cr | 0.38% |
| Trent Ltd | Equity | ₹60.19 Cr | 0.37% |
| Mphasis Ltd | Equity | ₹56.28 Cr | 0.35% |
| Asian Paints Ltd | Equity | ₹54.61 Cr | 0.34% |
| Muthoot Finance Limited | Bond - Corporate Bond | ₹50.01 Cr | 0.31% |
| Kaynes Technology India Ltd | Equity | ₹46.94 Cr | 0.29% |
| Max Healthcare Institute Ltd Ordinary Shares | Equity | ₹46.46 Cr | 0.29% |
| Sun Pharmaceuticals Industries Ltd | Equity | ₹45.96 Cr | 0.28% |
| AU Small Finance Bank Ltd | Equity | ₹45.85 Cr | 0.28% |
| United Spirits Ltd | Equity | ₹45.12 Cr | 0.28% |
| Eicher Motors Ltd | Equity | ₹43.82 Cr | 0.27% |
| Torrent Pharmaceuticals Ltd | Equity | ₹43.72 Cr | 0.27% |
| SRF Ltd | Equity | ₹43.62 Cr | 0.27% |
| Tata Elxsi Ltd | Equity | ₹41.63 Cr | 0.26% |
| Lodha Developers Ltd | Equity | ₹41.18 Cr | 0.25% |
| Phoenix Mills Ltd | Equity | ₹40.36 Cr | 0.25% |
| Sona BLW Precision Forgings Ltd | Equity | ₹40.09 Cr | 0.25% |
| Biocon Ltd | Equity | ₹40.03 Cr | 0.25% |
| Divi's Laboratories Ltd | Equity | ₹39.9 Cr | 0.25% |
| Adani Green Energy Ltd | Equity | ₹38.74 Cr | 0.24% |
| Max Financial Services Ltd | Equity | ₹37.11 Cr | 0.23% |
| Pidilite Industries Ltd | Equity | ₹37.04 Cr | 0.23% |
| PB Fintech Ltd | Equity | ₹36.92 Cr | 0.23% |
| ICICI Prudential Life Insurance Co Ltd | Equity | ₹36.46 Cr | 0.22% |
| Bharat Forge Ltd | Equity | ₹35.99 Cr | 0.22% |
| Fortis Healthcare Ltd | Equity | ₹34.76 Cr | 0.21% |
| UPL Ltd | Equity | ₹34.13 Cr | 0.21% |
| Manappuram Finance Ltd | Equity | ₹33.6 Cr | 0.21% |
| Hindustan Unilever Ltd | Equity | ₹33.6 Cr | 0.21% |
| Bharat Petroleum Corp Ltd | Equity | ₹33.12 Cr | 0.20% |
| Indian Oil Corp Ltd | Equity | ₹33.04 Cr | 0.20% |
| Delhivery Ltd | Equity | ₹31.57 Cr | 0.19% |
| Hero MotoCorp Ltd | Equity | ₹31.3 Cr | 0.19% |
| Bandhan Bank Ltd | Equity | ₹30.75 Cr | 0.19% |
| Exide Industries Ltd | Equity | ₹30.29 Cr | 0.19% |
| Power Grid Corp Of India Ltd | Equity | ₹30.21 Cr | 0.19% |
| Alkem Laboratories Ltd | Equity | ₹28.21 Cr | 0.17% |
| Suzlon Energy Ltd | Equity | ₹27.54 Cr | 0.17% |
| Union Bank of India | Equity | ₹26.45 Cr | 0.16% |
| HFCL Ltd | Equity | ₹26.07 Cr | 0.16% |
| Jtpm Metal TRaders Limited | Bond - Corporate Bond | ₹25.69 Cr | 0.16% |
| Punjab National Bank | Equity | ₹25.6 Cr | 0.16% |
| Mankind Pharma Ltd | Equity | ₹25.22 Cr | 0.16% |
| Cyient Ltd | Equity | ₹25.07 Cr | 0.15% |
| One Prime Ltd | Bond - Corporate Bond | ₹25.06 Cr | 0.15% |
| IDFC First Bank Ltd | Equity | ₹24.53 Cr | 0.15% |
| Supreme Industries Ltd | Equity | ₹23.56 Cr | 0.14% |
| Syngene International Ltd | Equity | ₹23.53 Cr | 0.14% |
| Computer Age Management Services Ltd Ordinary Shares | Equity | ₹23.51 Cr | 0.14% |
| Housing & Urban Development Corp Ltd | Equity | ₹22.58 Cr | 0.14% |
| NBCC India Ltd | Equity | ₹21.54 Cr | 0.13% |
| Petronet LNG Ltd | Equity | ₹20.92 Cr | 0.13% |
| APL Apollo Tubes Ltd | Equity | ₹20.64 Cr | 0.13% |
| Persistent Systems Ltd | Equity | ₹19.69 Cr | 0.12% |
| PNB Housing Finance Ltd | Equity | ₹19.48 Cr | 0.12% |
| Coforge Ltd | Equity | ₹17.82 Cr | 0.11% |
| Bank of India | Equity | ₹17.67 Cr | 0.11% |
| Bharat Dynamics Ltd Ordinary Shares | Equity | ₹17.61 Cr | 0.11% |
| Godrej Consumer Products Ltd | Equity | ₹17.53 Cr | 0.11% |
| CG Power & Industrial Solutions Ltd | Equity | ₹17.16 Cr | 0.11% |
| Solar Industries India Ltd | Equity | ₹17.02 Cr | 0.10% |
| Adani Enterprises Ltd | Equity | ₹15.99 Cr | 0.10% |
| Tata Motors Passenger Vehicles Ltd | Equity | ₹14.81 Cr | 0.09% |
| Jindal Steel Ltd | Equity | ₹13.25 Cr | 0.08% |
| Tata Consumer Products Ltd | Equity | ₹13.09 Cr | 0.08% |
| Lupin Ltd | Equity | ₹12.65 Cr | 0.08% |
| Coal India Ltd | Equity | ₹12.19 Cr | 0.07% |
| TVS Motor Co Ltd | Equity | ₹11.43 Cr | 0.07% |
| LTIMindtree Ltd | Equity | ₹11.16 Cr | 0.07% |
| Muthoot Finance Ltd | Equity | ₹10.5 Cr | 0.06% |
| Indian Hotels Co Ltd | Equity | ₹10.35 Cr | 0.06% |
| Avenue Supermarts Ltd | Equity | ₹10.07 Cr | 0.06% |
| PG Electroplast Ltd | Equity | ₹9.43 Cr | 0.06% |
| Shree Cement Ltd | Equity | ₹8.84 Cr | 0.05% |
| Zydus Lifesciences Ltd | Equity | ₹8.74 Cr | 0.05% |
| InterGlobe Aviation Ltd | Equity | ₹8.41 Cr | 0.05% |
| Tech Mahindra Ltd | Equity | ₹8.38 Cr | 0.05% |
| Tata Power Co Ltd | Equity | ₹8.26 Cr | 0.05% |
| Torrent Power Ltd | Equity | ₹8.08 Cr | 0.05% |
| Infosys Ltd | Equity | ₹7.99 Cr | 0.05% |
| Jubilant Foodworks Ltd | Equity | ₹7.37 Cr | 0.05% |
| Britannia Industries Ltd | Equity | ₹7.31 Cr | 0.04% |
| GAIL (India) Ltd | Equity | ₹7.1 Cr | 0.04% |
| Bharat Heavy Electricals Ltd | Equity | ₹7.02 Cr | 0.04% |
| Oracle Financial Services Software Ltd | Equity | ₹6.45 Cr | 0.04% |
| Cipla Ltd | Equity | ₹6.43 Cr | 0.04% |
| Info Edge (India) Ltd | Equity | ₹6.19 Cr | 0.04% |
| UNO Minda Ltd | Equity | ₹6.04 Cr | 0.04% |
| Inox Wind Ltd | Equity | ₹6.03 Cr | 0.04% |
| One97 Communications Ltd | Equity | ₹5.94 Cr | 0.04% |
| Prestige Estates Projects Ltd | Equity | ₹5.89 Cr | 0.04% |
| SBI Life Insurance Co Ltd | Equity | ₹5.6 Cr | 0.03% |
| NHPC Ltd | Equity | ₹5.6 Cr | 0.03% |
| Bosch Ltd | Equity | ₹5.42 Cr | 0.03% |
| Havells India Ltd | Equity | ₹5.05 Cr | 0.03% |
| Hitachi Energy India Ltd Ordinary Shares | Equity | ₹4.52 Cr | 0.03% |
| L&T Finance Ltd | Equity | ₹4.32 Cr | 0.03% |
| Dalmia Bharat Ltd | Equity | ₹4.31 Cr | 0.03% |
| Cummins India Ltd | Equity | ₹3.67 Cr | 0.02% |
| Mazagon Dock Shipbuilders Ltd | Equity | ₹3.66 Cr | 0.02% |
| Life Insurance Corporation of India | Equity | ₹3.51 Cr | 0.02% |
| ICICI Lombard General Insurance Co Ltd | Equity | ₹3.07 Cr | 0.02% |
| HDFC Life Insurance Co Ltd | Equity | ₹2.35 Cr | 0.01% |
| Oberoi Realty Ltd | Equity | ₹1.73 Cr | 0.01% |
| NCC Ltd | Equity | ₹1.67 Cr | 0.01% |
| IIFL Finance Ltd | Equity | ₹1.62 Cr | 0.01% |
| Indian Railway Finance Corp Ltd Ordinary Shares | Equity | ₹1.15 Cr | 0.01% |
| Indian Renewable Energy Development Agency Ltd | Equity | ₹0.99 Cr | 0.01% |
| Dr Reddy's Laboratories Ltd | Equity | ₹0.63 Cr | 0.00% |
| Cash Margin - Ccil | Cash - Repurchase Agreement | ₹0.33 Cr | 0.00% |
Allocation By Market Cap (Equity)
Large Cap Stocks
51.01%
Mid Cap Stocks
20.34%
Small Cap Stocks
3.50%
Allocation By Credit Quality (Debt)
AAA
AA
Other Allocation
Equity Sector
Debt & Others
| Sector | Amount | Holdings |
|---|---|---|
| Financial Services | ₹3,629.86 Cr | 22.32% |
| Basic Materials | ₹1,933.94 Cr | 11.89% |
| Consumer Cyclical | ₹1,277.39 Cr | 7.86% |
| Industrials | ₹1,094.63 Cr | 6.73% |
| Energy | ₹887.71 Cr | 5.46% |
| Healthcare | ₹815.36 Cr | 5.01% |
| Consumer Defensive | ₹668.42 Cr | 4.11% |
| Communication Services | ₹629.84 Cr | 3.87% |
| Technology | ₹579.36 Cr | 3.56% |
| Utilities | ₹418.66 Cr | 2.57% |
| Real Estate | ₹234.83 Cr | 1.44% |
Risk & Performance Ratios
Standard Deviation
This fund
0.37%
Cat. avg.
0.53%
Lower the better
Sharpe Ratio
This fund
2.80
Cat. avg.
1.04
Higher the better
Sortino Ratio
This fund
--
Cat. avg.
3.33
Higher the better
Fund Managers
Vikash Agarwal
Since September 2024
Nemish Sheth
Since March 2025
RS
Rohit Shah
Since April 2024
LM
Lokesh Maru
Since September 2025
DS
Divya Sharma
Since September 2025
Additional Scheme Detailsas of 30th November 2025
ISIN INF204K01XZ7 | Expense Ratio 0.38% | Exit Load No Charges | Fund Size ₹16,259 Cr | Age 12 years 11 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
Nippon India Mutual Fund
Total AUM
₹7,05,375 Cr
Address
4th Floor, Tower A, Peninsula Business Park, Mumbai, 400 013
Other Funds by Nippon India Mutual Fund
Related Articles
Still got questions?
We're here to help.
What is the current NAV of Nippon India Arbitrage Fund Direct Growth?
The NAV of Nippon India Arbitrage Fund Direct Growth, as of 11-Dec-2025, is ₹29.47.
What are the returns of Nippon India Arbitrage Fund Direct Growth?
The fund has generated 6.96% over the last 1 year and 7.72% 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 Nippon India Arbitrage Fund Direct Growth?
The fund's allocation of assets is distributed as 74.85% in equities, 7.34% in bonds, and 17.77% in cash and cash equivalents.
Who manages the Nippon India Arbitrage Fund Direct Growth?
The fund managers responsible for Nippon India Arbitrage Fund Direct Growth are:-
- Vikash Agarwal
- Nemish Sheth
- Rohit Shah
- Lokesh Maru
- Divya Sharma
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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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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 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.
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