Loading...
Parag Parikh Arbitrage Fund Direct Growth
Alternative StrategiesArbitrage FundLow Risk
Direct
NAV (27-Aug-26)
₹12.100.15%1D
Returns (Since Inception)
6.92%
Rated ★4.3+ on 
Fund Overview
Fund Size
₹2,732 Cr
Expense Ratio
0.95%
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, 10 months and 5 days, having been launched on 23-Oct-23.
As of 27-Aug-26, it has a Net Asset Value (NAV) of ₹12.10, Assets Under Management (AUM) of 2731.59 Crores, and an expense ratio of 0.95%.
As of 27-Aug-26, it has a Net Asset Value (NAV) of ₹12.10, Assets Under Management (AUM) of 2731.59 Crores, and an expense ratio of 0.95%.
- Parag Parikh Arbitrage Fund Direct Growth has given a CAGR return of 6.92% since inception.
- The fund's asset allocation comprises around -0.22% in equities, 3.94% in debts, and 96.25% 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
+6.25%
+5.79% (Cat Avg.)
Since Inception
+6.92%
— (Cat Avg.)
Portfolio Summaryas of 31st July 2026
| Equity | ₹-5.97 Cr | -0.22% |
| Debt | ₹107.74 Cr | 3.94% |
| Others | ₹2,629.83 Cr | 96.27% |
Top Holdings
All Holdings
Equity
Debt & Others
| Name | Type  | Amount | Holdings |
|---|---|---|---|
| Cash Offset For Derivatives | Cash - General Offset | ₹2,025.81 Cr | 74.16% |
| Future on BANK Index | Equity Index - Future | ₹-774.74 Cr | 28.36% |
| Parag Parikh Liquid Dir Gr | Mutual Fund - Open End | ₹291.37 Cr | 10.67% |
| ICICI Bank Ltd | Equity | ₹164.98 Cr | 6.04% |
| Canara Bank | Equity | ₹152.02 Cr | 5.57% |
| HDFC Bank Ltd | Equity | ₹146.91 Cr | 5.38% |
| Future on Bharti Airtel Ltd | Equity - Future | ₹-130.97 Cr | 4.79% |
| Bharti Airtel Ltd | Equity | ₹130.67 Cr | 4.78% |
| Future on Reliance Industries Ltd | Equity - Future | ₹-126.61 Cr | 4.63% |
| Reliance Industries Ltd | Equity | ₹126.27 Cr | 4.62% |
| Axis Bank Ltd | Equity | ₹121.34 Cr | 4.44% |
| Kotak Mahindra Bank Ltd | Equity | ₹104.21 Cr | 3.81% |
| Future on Bharat Heavy Electricals Ltd | Equity - Future | ₹-81.4 Cr | 2.98% |
| Bharat Heavy Electricals Ltd | Equity | ₹80.98 Cr | 2.96% |
| State Bank of India Future Aug 26 | Equity - Future | ₹-66.45 Cr | 2.43% |
| State Bank of India | Equity | ₹66.11 Cr | 2.42% |
| IDFC First Bank Ltd | Equity | ₹59.61 Cr | 2.18% |
| Future on Tata Steel Ltd | Equity - Future | ₹-59.18 Cr | 2.17% |
| Tata Steel Ltd | Equity | ₹58.74 Cr | 2.15% |
| Future on Mahindra & Mahindra Ltd | Equity - Future | ₹-57.39 Cr | 2.10% |
| Mahindra & Mahindra Ltd | Equity | ₹57.16 Cr | 2.09% |
| Future on Bharat Electronics Ltd | Equity - Future | ₹-53.82 Cr | 1.97% |
| Bharat Electronics Ltd | Equity | ₹53.56 Cr | 1.96% |
| Future on UltraTech Cement Ltd | Equity - Future | ₹-50.69 Cr | 1.86% |
| UltraTech Cement Ltd | Equity | ₹50.59 Cr | 1.85% |
| Canara Bank | Bond - Gov't Agency Debt | ₹48.82 Cr | 1.79% |
| HDFC Bank Limited | Cash - CD/Time Deposit | ₹48.69 Cr | 1.78% |
| Canara Bank | Cash - CD/Time Deposit | ₹48.53 Cr | 1.78% |
| Indian Bank | Cash - CD/Time Deposit | ₹48.5 Cr | 1.78% |
| National Bank For Agriculture And Rural Development | Cash - CD/Time Deposit | ₹48.34 Cr | 1.77% |
| Future on Shriram Finance Ltd | Equity - Future | ₹-48.34 Cr | 1.77% |
| Shriram Finance Ltd | Equity | ₹48.18 Cr | 1.76% |
| Small Industries Dev Bank Of India | Cash - CD/Time Deposit | ₹48.06 Cr | 1.76% |
| Small Industries Development Bank of India | Bond - Corporate Bond | ₹47.09 Cr | 1.72% |
| NMDC Ltd | Equity | ₹46.95 Cr | 1.72% |
| Nmdc Limited September 2026 Future | Equity - Future | ₹-46.93 Cr | 1.72% |
| Future on Eicher Motors Ltd | Equity - Future | ₹-42.13 Cr | 1.54% |
| Eicher Motors Ltd | Equity | ₹41.99 Cr | 1.54% |
| Future on GMR Airports Ltd | Equity - Future | ₹-30.78 Cr | 1.13% |
| GMR Airports Ltd | Equity | ₹30.62 Cr | 1.12% |
| Punjab National Bank Future Aug 26 | Equity - Future | ₹-30.17 Cr | 1.10% |
| Punjab National Bank | Equity | ₹30.03 Cr | 1.10% |
| Trp_030826 | Cash - Repurchase Agreement | ₹28.89 Cr | 1.06% |
| Future on Bajaj Finance Ltd | Equity - Future | ₹-28.42 Cr | 1.04% |
| Bajaj Finance Ltd | Equity | ₹28.33 Cr | 1.04% |
| Future on Hindustan Aeronautics Ltd Ordinary Shares | Equity - Future | ₹-27.23 Cr | 1.00% |
| Hindustan Aeronautics Ltd Ordinary Shares | Equity | ₹27.18 Cr | 1.00% |
| Future on DLF Ltd | Equity - Future | ₹-25.49 Cr | 0.93% |
| DLF Ltd | Equity | ₹25.43 Cr | 0.93% |
| Future on Sun Pharmaceuticals Industries Ltd | Equity - Future | ₹-25.26 Cr | 0.92% |
| Sun Pharmaceuticals Industries Ltd | Equity | ₹25.08 Cr | 0.92% |
| HDFC Bank Limited | Cash - CD/Time Deposit | ₹24.82 Cr | 0.91% |
| Bank Of Baroda | Cash - CD/Time Deposit | ₹24.47 Cr | 0.90% |
| Future on Bank of Baroda | Equity - Future | ₹-23.83 Cr | 0.87% |
| Bank of Baroda | Equity | ₹23.7 Cr | 0.87% |
| Future on Grasim Industries Ltd | Equity - Future | ₹-21.42 Cr | 0.78% |
| Grasim Industries Ltd | Equity | ₹21.4 Cr | 0.78% |
| Bandhan Bank Ltd | Equity | ₹20.12 Cr | 0.74% |
| Future on NBCC India Ltd | Equity - Future | ₹-19.36 Cr | 0.71% |
| NBCC India Ltd | Equity | ₹19.29 Cr | 0.71% |
| Cipla Limited August 2026 Future | Equity - Future | ₹-17.18 Cr | 0.63% |
| Cipla Ltd | Equity | ₹17.16 Cr | 0.63% |
| NTPC Ltd | Equity | ₹17.03 Cr | 0.62% |
| NTPC Future Aug 26 | Equity - Future | ₹-16.29 Cr | 0.60% |
| The Indian Hotels Company Limited August 2026 Future | Equity - Future | ₹-16.02 Cr | 0.59% |
| Indian Hotels Co Ltd | Equity | ₹15.95 Cr | 0.58% |
| Eternal Limited August 2026 Future | Equity - Future | ₹-15.56 Cr | 0.57% |
| Eternal Ltd | Equity | ₹15.48 Cr | 0.57% |
| Biocon Limited August 2026 Future | Equity - Future | ₹-13.89 Cr | 0.51% |
| Biocon Ltd | Equity | ₹13.84 Cr | 0.51% |
| Future on Jio Financial Services Ltd | Equity - Future | ₹-12.7 Cr | 0.46% |
| Jio Financial Services Ltd | Equity | ₹12.66 Cr | 0.46% |
| Future on Glenmark Pharmaceuticals Ltd | Equity - Future | ₹-12.44 Cr | 0.46% |
| Glenmark Pharmaceuticals Ltd | Equity | ₹12.4 Cr | 0.45% |
| Future on Coal India Ltd | Equity - Future | ₹-11.38 Cr | 0.42% |
| Coal India Ltd | Equity | ₹11.35 Cr | 0.42% |
| Future on Bajaj Finserv Ltd | Equity - Future | ₹-10.51 Cr | 0.38% |
| Future on Steel Authority Of India Ltd | Equity - Future | ₹-10.5 Cr | 0.38% |
| Steel Authority Of India Ltd | Equity | ₹10.49 Cr | 0.38% |
| Bajaj Finserv Ltd | Equity | ₹10.47 Cr | 0.38% |
| Future on ITC | Equity - Future | ₹-9.92 Cr | 0.36% |
| ITC Ltd | Equity | ₹9.89 Cr | 0.36% |
| Tbill | Bond - Gov't/Treasury | ₹9.75 Cr | 0.36% |
| Future on Aditya Birla Capital Ltd | Equity - Future | ₹-9.44 Cr | 0.35% |
| Aditya Birla Capital Ltd | Equity | ₹9.4 Cr | 0.34% |
| LIC Housing Finance Ltd | Equity | ₹9.05 Cr | 0.33% |
| Future on LIC Housing Finance Ltd | Equity - Future | ₹-8.92 Cr | 0.33% |
| Future on Varun Beverages Ltd | Equity - Future | ₹-8.62 Cr | 0.32% |
| Varun Beverages Ltd | Equity | ₹8.57 Cr | 0.31% |
| Future on Hindalco Industries Ltd | Equity - Future | ₹-8.16 Cr | 0.30% |
| Hindalco Industries Ltd | Equity | ₹8.12 Cr | 0.30% |
| Future on JSW Steel Ltd | Equity - Future | ₹-7.41 Cr | 0.27% |
| JSW Steel Ltd | Equity | ₹7.37 Cr | 0.27% |
| Future on Zydus Lifesciences Ltd | Equity - Future | ₹-6.63 Cr | 0.24% |
| Zydus Lifesciences Ltd | Equity | ₹6.59 Cr | 0.24% |
| Future on Tata Power Co Ltd | Equity - Future | ₹-6.31 Cr | 0.23% |
| Tata Power Co Ltd | Equity | ₹6.29 Cr | 0.23% |
| S-Oil Future Sept 26 | Equity - Future | ₹-6.08 Cr | 0.22% |
| Oil & Natural Gas Corp Ltd | Equity | ₹6.06 Cr | 0.22% |
| Net Receivables / (Payables) | Cash | ₹-5.58 Cr | 0.20% |
| Future on One97 Communications Ltd | Equity - Future | ₹-5.56 Cr | 0.20% |
| One97 Communications Ltd | Equity | ₹5.55 Cr | 0.20% |
| Future on Bharti Infratel ADR | Equity - Future | ₹-5.35 Cr | 0.20% |
| Indus Towers Ltd Ordinary Shares | Equity | ₹5.32 Cr | 0.19% |
| Future on Dabur India Ltd | Equity - Future | ₹-5.28 Cr | 0.19% |
| Dabur India Ltd | Equity | ₹5.27 Cr | 0.19% |
| Future on Crompton Greaves Consumer Electricals Ltd | Equity - Future | ₹-5.17 Cr | 0.19% |
| Crompton Greaves Consumer Electricals Ltd | Equity | ₹5.15 Cr | 0.19% |
| Future on Inox Wind Ltd | Equity - Future | ₹-3.17 Cr | 0.12% |
| Inox Wind Ltd | Equity | ₹3.15 Cr | 0.12% |
| Future on PNB Housing Finance Ltd | Equity - Future | ₹-2.67 Cr | 0.10% |
| PNB Housing Finance Ltd | Equity | ₹2.67 Cr | 0.10% |
| Future on Godrej Properties Ltd | Equity - Future | ₹-2.34 Cr | 0.09% |
| Godrej Properties Ltd | Equity | ₹2.33 Cr | 0.09% |
| Future on Larsen & Toubro Ltd | Equity - Future | ₹-2.28 Cr | 0.08% |
| Larsen & Toubro Ltd | Equity | ₹2.27 Cr | 0.08% |
| Future on Divi's Laboratories Ltd | Equity - Future | ₹-2.02 Cr | 0.07% |
| Divi's Laboratories Ltd | Equity | ₹2.01 Cr | 0.07% |
| Future on GAIL (India) Ltd | Equity - Future | ₹-1.68 Cr | 0.06% |
| GAIL (India) Ltd | Equity | ₹1.67 Cr | 0.06% |
| Tata Consumer Future Aug 26 | Equity - Future | ₹-1.62 Cr | 0.06% |
| Tata Consumer Products Ltd | Equity | ₹1.61 Cr | 0.06% |
| Future on Tata Motors | Equity - Future | ₹-1.58 Cr | 0.06% |
| Future on Unilever | Equity - Future | ₹-1.58 Cr | 0.06% |
| Tata Motors Passenger Vehicles Ltd | Equity | ₹1.58 Cr | 0.06% |
| Hindustan Unilever Ltd | Equity | ₹1.58 Cr | 0.06% |
| Yes Bank Ltd | Equity | ₹1.56 Cr | 0.06% |
| RBL Bank Ltd | Equity | ₹1.55 Cr | 0.06% |
| Indian Oil Corp Ltd | Equity | ₹1.37 Cr | 0.05% |
| S-Oil Future Aug 26 | Equity - Future | ₹-1.36 Cr | 0.05% |
| Future on Asian Paints Ltd | Equity - Future | ₹-1.03 Cr | 0.04% |
| Future on Hindustan Petroleum Corp Ltd | Equity - Future | ₹-1.03 Cr | 0.04% |
| Asian Paints Ltd | Equity | ₹1.03 Cr | 0.04% |
| Hindustan Petroleum Corp Ltd | Equity | ₹1.03 Cr | 0.04% |
| Future on Havells India Ltd | Equity - Future | ₹-0.95 Cr | 0.03% |
| Havells India Ltd | Equity | ₹0.95 Cr | 0.03% |
| NTPC Future Sept 26 | Equity - Future | ₹-0.78 Cr | 0.03% |
| Future on Power Grid Corp Of India Ltd | Equity - Future | ₹-0.7 Cr | 0.03% |
| Power Grid Corp Of India Ltd | Equity | ₹0.7 Cr | 0.03% |
| AU Small Finance Bank Ltd | Equity | ₹0.52 Cr | 0.02% |
| SBI Life Future Aug 26 | Equity - Future | ₹-0.49 Cr | 0.02% |
| SBI Life Insurance Co Ltd | Equity | ₹0.49 Cr | 0.02% |
| Future on TVS Motor Co Ltd 6% PRF REDEEM 01/09/2026 INR 10 | Equity - Future | ₹-0.38 Cr | 0.01% |
| TVS Motor Co Ltd | Equity | ₹0.38 Cr | 0.01% |
| The Federal Bank Ltd | Equity | ₹0.27 Cr | 0.01% |
| HDFC Life Future Aug 26 | Equity - Future | ₹-0.12 Cr | 0.00% |
| HDFC Life Insurance Co Ltd | Equity | ₹0.12 Cr | 0.00% |
| Future on Cholamandalam Investment and Finance Co Ltd | Equity - Future | ₹-0.12 Cr | 0.00% |
| Cholamandalam Investment and Finance Co Ltd | Equity | ₹0.12 Cr | 0.00% |
Allocation By Market Cap (Equity)
Large Cap Stocks
26.99%
Mid Cap Stocks
5.07%
Small Cap Stocks
0.79%
Allocation By Credit Quality (Debt)
AAA
Other Allocation
Equity Sector
Debt & Others
| Sector | Amount | Holdings |
|---|---|---|
| Financial Services | ₹1,014.43 Cr | 37.14% |
| Industrials | ₹217.99 Cr | 7.98% |
| Basic Materials | ₹204.68 Cr | 7.49% |
| Energy | ₹146.07 Cr | 5.35% |
| Consumer Cyclical | ₹137.68 Cr | 5.04% |
| Communication Services | ₹135.99 Cr | 4.98% |
| Healthcare | ₹77.07 Cr | 2.82% |
| Real Estate | ₹27.76 Cr | 1.02% |
| Consumer Defensive | ₹26.91 Cr | 0.99% |
| Utilities | ₹25.7 Cr | 0.94% |
| Technology | ₹5.55 Cr | 0.20% |
Risk & Performance Ratios
Standard Deviation
This fund
--
Cat. avg.
0.55%
Lower the better
Sharpe Ratio
This fund
--
Cat. avg.
1.06
Higher the better
Sortino Ratio
This fund
--
Cat. avg.
2.12
Higher the better
Fund Managers
RM
Raj Mehta
Since September 2025
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 31st July 2026
ISIN INF879O01225 | Expense Ratio 0.95% | Exit Load No Charges | Fund Size ₹2,732 Cr | Age 2 years 10 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
₹1,61,795 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% | ₹834.59 Cr | - |
| Parag Parikh Dynamic Asset Allocation Fund Direct Growth Moderately High risk | 0.2% | 1.0% | ₹2612.92 Cr | 4.2% |
| Parag Parikh Arbitrage Fund Direct Growth Low Risk | 0.9% | 0.0% | ₹2731.59 Cr | 6.2% |
| Parag Parikh Liquid Fund Direct Growth Low to Moderate Risk | 0.1% | 0.0% | ₹7008.98 Cr | 6.4% |
| Parag Parikh Conservative Hybrid Fund Direct Growth Moderately High risk | 0.2% | 1.0% | ₹3473.41 Cr | 6.2% |
| Parag Parikh Flexi Cap Fund Direct Growth Very High Risk | 0.5% | 2.0% | ₹148429.00 Cr | -0.6% |
| Parag Parikh Tax Saver Fund Direct Growth Very High Risk | 0.5% | 0.0% | ₹5699.56 Cr | -6.1% |
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 27-Aug-2026, is ₹12.10.
What is the portfolio composition of Parag Parikh Arbitrage Fund Direct Growth?
The fund's allocation of assets is distributed as -0.22% in equities, 3.94% in bonds, and 96.25% 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
Track & Analyse all your investments in one place
Compare your portfolio's performance with benchmarks
Identify potential risks in your portfolio and learn to fix them
Track all your family's investments in one place
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.
Trending Mutual Funds Searches
Popular Equity Funds
Popular Debt Funds
©2021-2026 Dezerv. All Rights Reserved
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.
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.
