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Parag Parikh Arbitrage Fund Direct Growth
Alternative StrategiesArbitrage FundLow Risk
Direct
NAV (14-May-26)
₹11.890.05%1D
Returns (Since Inception)
7.01%
Rated ★4.3+ on 
Fund Overview
Fund Size
₹2,370 Cr
Expense Ratio
0.29%
ISIN
INF879O01225
Minimum SIP
₹1,000
Exit Load
No Charges
Inception Date
23 Oct 2023
About this fund
Parag Parikh Arbitrage Fund Direct Growth is a Arbitrage Fund mutual fund schemes offered by PPFAS Mutual Fund. This fund has been in existence for 2 years, 6 months and 22 days, having been launched on 23-Oct-23.
As of 14-May-26, it has a Net Asset Value (NAV) of ₹11.89, Assets Under Management (AUM) of 2369.71 Crores, and an expense ratio of 0.29%.
As of 14-May-26, it has a Net Asset Value (NAV) of ₹11.89, Assets Under Management (AUM) of 2369.71 Crores, and an expense ratio of 0.29%.
- Parag Parikh Arbitrage Fund Direct Growth has given a CAGR return of 7.01% since inception.
- The fund's asset allocation comprises around 66.33% in equities, 0.41% in debts, and 33.23% in cash & cash equivalents.
- You can start investing in Parag Parikh Arbitrage Fund Direct Growth with a SIP of ₹1000 or a Lumpsum investment of ₹1000.
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
+6.32%
+5.96% (Cat Avg.)
Since Inception
+7.01%
— (Cat Avg.)
Portfolio Summaryas of 30th April 2026
| Equity | ₹1,571.75 Cr | 66.33% |
| Debt | ₹9.62 Cr | 0.41% |
| Others | ₹788.34 Cr | 33.27% |
Top Holdings
All Holdings
Equity
Debt & Others
| Name | Type  | Amount | Holdings |
|---|---|---|---|
| Parag Parikh Liquid Dir Gr | Mutual Fund - Open End | ₹381.08 Cr | 16.08% |
| HDFC Bank Ltd | Equity | ₹144.73 Cr | 6.11% |
| Axis Bank Ltd | Equity | ₹121.92 Cr | 5.14% |
| ICICI Bank Ltd | Equity | ₹118.33 Cr | 4.99% |
| Bharti Airtel Ltd | Equity | ₹114.45 Cr | 4.83% |
| Reliance Industries Ltd | Equity | ₹110.53 Cr | 4.66% |
| Kotak Mahindra Bank Ltd | Equity | ₹93.99 Cr | 3.97% |
| Mahindra & Mahindra Ltd | Equity | ₹71.12 Cr | 3.00% |
| Bharat Heavy Electricals Ltd | Equity | ₹69.66 Cr | 2.94% |
| Tata Steel Ltd | Equity | ₹60.1 Cr | 2.54% |
| State Bank of India | Equity | ₹50.8 Cr | 2.14% |
| NMDC Ltd | Equity | ₹49.9 Cr | 2.11% |
| Kotak Securities Limited | Cash - Commercial Paper | ₹49.77 Cr | 2.10% |
| Small Industries Development Bank Of India | Cash - CD/Time Deposit | ₹49.39 Cr | 2.08% |
| Axis Bank Limited | Cash - CD/Time Deposit | ₹49.07 Cr | 2.07% |
| Canara Bank | Cash - CD/Time Deposit | ₹47.63 Cr | 2.01% |
| Indian Bank | Cash - CD/Time Deposit | ₹47.59 Cr | 2.01% |
| Trp_040526 | Cash - Repurchase Agreement | ₹44.58 Cr | 1.88% |
| Shriram Finance Ltd | Equity | ₹37.27 Cr | 1.57% |
| Bharat Electronics Ltd | Equity | ₹33 Cr | 1.39% |
| IDFC First Bank Ltd | Equity | ₹30.81 Cr | 1.30% |
| GMR Airports Ltd | Equity | ₹30 Cr | 1.27% |
| Punjab National Bank | Equity | ₹28.78 Cr | 1.21% |
| Eicher Motors Ltd | Equity | ₹26.3 Cr | 1.11% |
| HDFC Securities Limited | Cash - Commercial Paper | ₹24.94 Cr | 1.05% |
| ICICI Securities Ltd | Cash - Commercial Paper | ₹24.8 Cr | 1.05% |
| Bajaj Finance Limited | Cash - Commercial Paper | ₹24.79 Cr | 1.05% |
| Bank of Baroda | Equity | ₹24.58 Cr | 1.04% |
| HDFC Bank Limited | Cash - CD/Time Deposit | ₹24.39 Cr | 1.03% |
| Bank Of Baroda | Cash - CD/Time Deposit | ₹24.04 Cr | 1.01% |
| Sun Pharmaceuticals Industries Ltd | Equity | ₹23.35 Cr | 0.99% |
| Hindustan Aeronautics Ltd Ordinary Shares | Equity | ₹22.45 Cr | 0.95% |
| Bandhan Bank Ltd | Equity | ₹22.29 Cr | 0.94% |
| DLF Ltd | Equity | ₹21.55 Cr | 0.91% |
| Titan Co Ltd | Equity | ₹20.64 Cr | 0.87% |
| UltraTech Cement Ltd | Equity | ₹20.28 Cr | 0.86% |
| Grasim Industries Ltd | Equity | ₹19.28 Cr | 0.81% |
| Tata Power Co Ltd | Equity | ₹18.5 Cr | 0.78% |
| Eternal Ltd | Equity | ₹14.44 Cr | 0.61% |
| Canara Bank | Equity | ₹13 Cr | 0.55% |
| Jio Financial Services Ltd | Equity | ₹11.81 Cr | 0.50% |
| Indian Hotels Co Ltd | Equity | ₹11.57 Cr | 0.49% |
| Britannia Industries Ltd | Equity | ₹11.17 Cr | 0.47% |
| ITC Ltd | Equity | ₹10.93 Cr | 0.46% |
| Larsen & Toubro Ltd | Equity | ₹10.4 Cr | 0.44% |
| LIC Housing Finance Ltd | Equity | ₹9.76 Cr | 0.41% |
| Tbill | Bond - Gov't/Treasury | ₹9.62 Cr | 0.41% |
| Steel Authority Of India Ltd | Equity | ₹9.37 Cr | 0.40% |
| RBL Bank Ltd | Equity | ₹8.33 Cr | 0.35% |
| Aditya Birla Capital Ltd | Equity | ₹8.03 Cr | 0.34% |
| Bajaj Finserv Ltd | Equity | ₹7.51 Cr | 0.32% |
| JSW Steel Ltd | Equity | ₹7.34 Cr | 0.31% |
| Varun Beverages Ltd | Equity | ₹6.65 Cr | 0.28% |
| Biocon Ltd | Equity | ₹6.56 Cr | 0.28% |
| Zydus Lifesciences Ltd | Equity | ₹5.22 Cr | 0.22% |
| Sammaan Capital Ltd | Equity | ₹4.6 Cr | 0.19% |
| Crompton Greaves Consumer Electricals Ltd | Equity | ₹3.92 Cr | 0.17% |
| Net Receivables / (Payables) | Cash | ₹-3.74 Cr | 0.16% |
| Maruti Suzuki India Ltd | Equity | ₹3.06 Cr | 0.13% |
| Inox Wind Ltd | Equity | ₹2.92 Cr | 0.12% |
| One97 Communications Ltd | Equity | ₹2.7 Cr | 0.11% |
| PNB Housing Finance Ltd | Equity | ₹2.65 Cr | 0.11% |
| Exide Industries Ltd | Equity | ₹2.34 Cr | 0.10% |
| Divi's Laboratories Ltd | Equity | ₹2.21 Cr | 0.09% |
| Lodha Developers Ltd | Equity | ₹2.14 Cr | 0.09% |
| Bajaj Finance Ltd | Equity | ₹1.55 Cr | 0.07% |
| Tata Consumer Products Ltd | Equity | ₹1.51 Cr | 0.06% |
| Yes Bank Ltd | Equity | ₹1.36 Cr | 0.06% |
| Godrej Properties Ltd | Equity | ₹1.26 Cr | 0.05% |
| Cipla Ltd | Equity | ₹1.13 Cr | 0.05% |
| SBI Life Insurance Co Ltd | Equity | ₹0.82 Cr | 0.03% |
| Dabur India Ltd | Equity | ₹0.44 Cr | 0.02% |
| Laurus Labs Ltd | Equity | ₹0.19 Cr | 0.01% |
| Cholamandalam Investment and Finance Co Ltd | Equity | ₹0.1 Cr | 0.00% |
| Nestle India Ltd | Equity | ₹0.07 Cr | 0.00% |
| Phoenix Mills Ltd | Equity | ₹0.06 Cr | 0.00% |
| Cash | Cash | ₹0.01 Cr | 0.00% |
| Future on BANK Index | Equity Index - Future | ₹-0 Cr | 0.00% |
| Reliance Industries Limited June 2026 Future | Equity - Future | ₹-0 Cr | 0.00% |
| Bharti Airtel Limited May 2026 Future | Equity - Future | ₹-0 Cr | 0.00% |
| Bharat Heavy Electricals Limited May 2026 Future | Equity - Future | ₹-0 Cr | 0.00% |
| Tata Steel Limited May 2026 Future | Equity - Future | ₹-0 Cr | 0.00% |
| State Bank of India Future June 26 | Equity - Future | ₹-0 Cr | 0.00% |
| Nmdc Limited May 2026 Future | Equity - Future | ₹-0 Cr | 0.00% |
| Mahindra & Mahindra Limited May 2026 Future | Equity - Future | ₹-0 Cr | 0.00% |
| Bharti Airtel Limited June 2026 Future | Equity - Future | ₹-0 Cr | 0.00% |
| Shriram Finance Limited May 2026 Future | Equity - Future | ₹-0 Cr | 0.00% |
| Reliance Industries Limited May 2026 Future | Equity - Future | ₹-0 Cr | 0.00% |
| Gmr Airports Limited May 2026 Future | Equity - Future | ₹-0 Cr | 0.00% |
| Punjab National Bank Future May 26 | Equity - Future | ₹-0 Cr | 0.00% |
Allocation By Market Cap (Equity)
Large Cap Stocks
54.83%
Mid Cap Stocks
9.10%
Small Cap Stocks
2.40%
Allocation By Credit Quality (Debt)
AAA
Other Allocation
Equity Sector
Debt & Others
| Sector | Amount | Holdings |
|---|---|---|
| Financial Services | ₹743.04 Cr | 31.36% |
| Industrials | ₹168.43 Cr | 7.11% |
| Basic Materials | ₹166.27 Cr | 7.02% |
| Consumer Cyclical | ₹153.4 Cr | 6.47% |
| Communication Services | ₹114.45 Cr | 4.83% |
| Energy | ₹110.53 Cr | 4.66% |
| Healthcare | ₹38.66 Cr | 1.63% |
| Consumer Defensive | ₹30.77 Cr | 1.30% |
| Real Estate | ₹25.02 Cr | 1.06% |
| Utilities | ₹18.5 Cr | 0.78% |
| Technology | ₹2.7 Cr | 0.11% |
Risk & Performance Ratios
Standard Deviation
This fund
--
Cat. avg.
0.52%
Lower the better
Sharpe Ratio
This fund
--
Cat. avg.
1.21
Higher the better
Sortino Ratio
This fund
--
Cat. avg.
3.96
Higher the better
Fund Managers
RM
Raj Mehta
Since October 2023
Rajeev Thakkar
Since October 2023
Raunak Onkar
Since October 2023
RT
Rukun Tarachandani
Since October 2023
Tejas Soman
Since September 2025
AD
Aishwarya Dhar
Since September 2025
Additional Scheme Detailsas of 30th April 2026
ISIN INF879O01225 | Expense Ratio 0.29% | Exit Load No Charges | Fund Size ₹2,370 Cr | Age 2 years 6 months | Lumpsum Minimum ₹1,000 | 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
PPFAS Mutual Fund
Total AUM
₹1,47,955 Cr
Address
Great Western Building, 1st Floor, Mumbai, 400 001
Other Funds by PPFAS Mutual Fund
| Fund name | Expense Ratio | Exit Load | Fund size | 1Y  |
|---|---|---|---|---|
| Parag Parikh Large Cap Fund Direct Growth Very High Risk | 0.1% | 0.0% | ₹702.24 Cr | - |
| Parag Parikh Dynamic Asset Allocation Fund Direct Growth Moderately High risk | 0.3% | 1.0% | ₹2709.31 Cr | 3.4% |
| Parag Parikh Arbitrage Fund Direct Growth Low Risk | 0.3% | 0.0% | ₹2369.71 Cr | 6.3% |
| Parag Parikh Liquid Fund Direct Growth Low to Moderate Risk | 0.1% | 0.0% | ₹5259.84 Cr | 6.2% |
| Parag Parikh Conservative Hybrid Fund Direct Growth Moderately High risk | 0.3% | 1.0% | ₹3344.49 Cr | 4.2% |
| Parag Parikh Flexi Cap Fund Direct Growth Very High Risk | 0.6% | 2.0% | ₹140949.13 Cr | 1.0% |
| Parag Parikh Tax Saver Fund Direct Growth Very High Risk | 0.6% | 0.0% | ₹5617.03 Cr | -5.2% |
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 Parag Parikh Arbitrage Fund Direct Growth?
The NAV of Parag Parikh Arbitrage Fund Direct Growth, as of 14-May-2026, is ₹11.89.
What is the portfolio composition of Parag Parikh Arbitrage Fund Direct Growth?
The fund's allocation of assets is distributed as 66.33% in equities, 0.41% in bonds, and 33.23% in cash and cash equivalents.
Who manages the Parag Parikh Arbitrage Fund Direct Growth?
The fund managers responsible for Parag Parikh Arbitrage Fund Direct Growth are:-
- Raj Mehta
- Rajeev Thakkar
- Raunak Onkar
- Rukun Tarachandani
- Tejas Soman
- Aishwarya Dhar
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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.
