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Parag Parikh Arbitrage Fund Direct Growth
Alternative StrategiesArbitrage FundLow Risk
Direct
NAV (11-Jun-26)
₹11.95-0.01%1D
Returns (Since Inception)
7.00%
Rated ★4.3+ on 
Fund Overview
Fund Size
₹2,370 Cr
Expense Ratio
0.19%
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, 7 months and 20 days, having been launched on 23-Oct-23.
As of 11-Jun-26, it has a Net Asset Value (NAV) of ₹11.95, Assets Under Management (AUM) of 2369.71 Crores, and an expense ratio of 0.19%.
As of 11-Jun-26, it has a Net Asset Value (NAV) of ₹11.95, Assets Under Management (AUM) of 2369.71 Crores, and an expense ratio of 0.19%.
- Parag Parikh Arbitrage Fund Direct Growth has given a CAGR return of 7.00% since inception.
- The fund's asset allocation comprises around -0.58% in equities, 0.38% in debts, and 100.16% 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
+6.35%
+5.98% (Cat Avg.)
Since Inception
+7.00%
— (Cat Avg.)
Portfolio Summaryas of 31st May 2026
| Equity | ₹-13.68 Cr | -0.58% |
| Debt | ₹9.11 Cr | 0.38% |
| Others | ₹2,374.28 Cr | 100.19% |
Top Holdings
All Holdings
Equity
Debt & Others
| Name | Type  | Amount | Holdings |
|---|---|---|---|
| Cash Offset For Derivatives | Cash - General Offset | ₹1,698.81 Cr | 67.68% |
| Future on BANK Index | Equity Index - Future | ₹-607.74 Cr | 24.21% |
| Parag Parikh Liquid Dir Gr | Mutual Fund - Open End | ₹382.84 Cr | 15.25% |
| ICICI Bank Ltd | Equity | ₹143.71 Cr | 5.73% |
| HDFC Bank Ltd | Equity | ₹139.64 Cr | 5.56% |
| Axis Bank Ltd | Equity | ₹124.8 Cr | 4.97% |
| Future on Reliance Industries Ltd | Equity - Future | ₹-119.8 Cr | 4.77% |
| Reliance Industries Ltd | Equity | ₹118.97 Cr | 4.74% |
| Future on Bharti Airtel Ltd | Equity - Future | ₹-112.18 Cr | 4.47% |
| Bharti Airtel Ltd | Equity | ₹111.2 Cr | 4.43% |
| Kotak Mahindra Bank Ltd | Equity | ₹97.89 Cr | 3.90% |
| Future on Bharat Heavy Electricals Ltd | Equity - Future | ₹-83.09 Cr | 3.31% |
| Bharat Heavy Electricals Ltd | Equity | ₹82.38 Cr | 3.28% |
| Future on Mahindra & Mahindra Ltd | Equity - Future | ₹-69.85 Cr | 2.78% |
| Mahindra & Mahindra Ltd | Equity | ₹69.2 Cr | 2.76% |
| Tata Steel Ltd | Equity | ₹59.78 Cr | 2.38% |
| Future on Tata Steel Ltd | Equity - Future | ₹-59.34 Cr | 2.36% |
| State Bank of India | Equity | ₹51.93 Cr | 2.07% |
| Small Industries Development Bank Of India | Cash - CD/Time Deposit | ₹49.63 Cr | 1.98% |
| Axis Bank Limited | Cash - CD/Time Deposit | ₹49.3 Cr | 1.96% |
| Future on NMDC Steel Ltd | Equity - Future | ₹-49.21 Cr | 1.96% |
| NMDC Ltd | Equity | ₹48.58 Cr | 1.94% |
| Canara Bank | Cash - CD/Time Deposit | ₹47.75 Cr | 1.90% |
| Indian Bank | Cash - CD/Time Deposit | ₹47.71 Cr | 1.90% |
| National Bank For Agriculture And Rural Development | Cash - CD/Time Deposit | ₹47.55 Cr | 1.89% |
| Small Industries Dev Bank Of India | Cash - CD/Time Deposit | ₹47.22 Cr | 1.88% |
| Future on Bharat Electronics Ltd | Equity - Future | ₹-46.83 Cr | 1.87% |
| Bharat Electronics Ltd | Equity | ₹46.3 Cr | 1.84% |
| State Bank of India Future June 26 | Equity - Future | ₹-46.28 Cr | 1.84% |
| Shriram Finance Ltd | Equity | ₹37.66 Cr | 1.50% |
| Trp_010626 | Cash - Repurchase Agreement | ₹36.7 Cr | 1.46% |
| IDFC First Bank Ltd | Equity | ₹33.74 Cr | 1.34% |
| Future on GMR Airports Ltd | Equity - Future | ₹-31.49 Cr | 1.25% |
| GMR Airports Ltd | Equity | ₹31.22 Cr | 1.24% |
| Canara Bank | Equity | ₹29.67 Cr | 1.18% |
| Future on Shriram City Union Finance Ltd | Equity - Future | ₹-28.56 Cr | 1.14% |
| Punjab National Bank | Equity | ₹27.91 Cr | 1.11% |
| Future on Eicher Motors Ltd | Equity - Future | ₹-26.73 Cr | 1.07% |
| Punjab National Bank Future June 26 | Equity - Future | ₹-26.62 Cr | 1.06% |
| Eicher Motors Ltd | Equity | ₹26.41 Cr | 1.05% |
| Future on Bank of Baroda | Equity - Future | ₹-25.3 Cr | 1.01% |
| Bank of Baroda | Equity | ₹25.05 Cr | 1.00% |
| ICICI Securities Ltd | Cash - Commercial Paper | ₹24.93 Cr | 0.99% |
| Bajaj Finance Limited | Cash - Commercial Paper | ₹24.92 Cr | 0.99% |
| HDFC Bank Limited | Cash - CD/Time Deposit | ₹24.48 Cr | 0.98% |
| Bank Of Baroda | Cash - CD/Time Deposit | ₹24.1 Cr | 0.96% |
| Future on Sun Pharmaceuticals Industries Ltd | Equity - Future | ₹-23.5 Cr | 0.94% |
| Bandhan Bank Ltd | Equity | ₹23.25 Cr | 0.93% |
| Sun Pharmaceuticals Industries Ltd | Equity | ₹23.24 Cr | 0.93% |
| Future on Hindustan Aeronautics Ltd Ordinary Shares | Equity - Future | ₹-22.73 Cr | 0.91% |
| Hindustan Aeronautics Ltd Ordinary Shares | Equity | ₹22.47 Cr | 0.90% |
| Future on DLF Ltd | Equity - Future | ₹-21.81 Cr | 0.87% |
| Future on Grasim Industries Ltd | Equity - Future | ₹-21.79 Cr | 0.87% |
| DLF Ltd | Equity | ₹21.59 Cr | 0.86% |
| Grasim Industries Ltd | Equity | ₹21.54 Cr | 0.86% |
| Future on UltraTech Cement Ltd | Equity - Future | ₹-19.05 Cr | 0.76% |
| UltraTech Cement Ltd | Equity | ₹18.83 Cr | 0.75% |
| Future on Larsen & Toubro Ltd | Equity - Future | ₹-18.08 Cr | 0.72% |
| Larsen & Toubro Ltd | Equity | ₹17.91 Cr | 0.71% |
| Future on Tata Power Co Ltd | Equity - Future | ₹-17.58 Cr | 0.70% |
| Tata Power Co Ltd | Equity | ₹17.51 Cr | 0.70% |
| Future on Titan Corporation Limited | Equity - Future | ₹-16.83 Cr | 0.67% |
| Titan Co Ltd | Equity | ₹16.69 Cr | 0.66% |
| Eternal Ltd | Equity | ₹14.64 Cr | 0.58% |
| Eternal Limited June 2026 Future | Equity - Future | ₹-14.62 Cr | 0.58% |
| NTPC Ltd | Equity | ₹12.36 Cr | 0.49% |
| Future on The Ballarat Brewing Company Limited | Equity - Future | ₹-12.2 Cr | 0.49% |
| Indian Hotels Co Ltd | Equity | ₹12.04 Cr | 0.48% |
| Future on Jio Financial Services Ltd | Equity - Future | ₹-11.56 Cr | 0.46% |
| Jio Financial Services Ltd | Equity | ₹11.46 Cr | 0.46% |
| Future on Steel Authority Of India Ltd | Equity - Future | ₹-10.49 Cr | 0.42% |
| Steel Authority Of India Ltd | Equity | ₹10.37 Cr | 0.41% |
| Future on ITC | Equity - Future | ₹-10.08 Cr | 0.40% |
| ITC Ltd | Equity | ₹9.97 Cr | 0.40% |
| Tbill | Bond - Gov't/Treasury | ₹9.65 Cr | 0.38% |
| Future on LIC Housing Finance Ltd | Equity - Future | ₹-9.49 Cr | 0.38% |
| Future on Shriram Finance Ltd | Equity - Future | ₹-9.45 Cr | 0.38% |
| NTPC Future July 26 | Equity - Future | ₹-9.38 Cr | 0.37% |
| LIC Housing Finance Ltd | Equity | ₹9.38 Cr | 0.37% |
| Net Receivables / (Payables) | Cash | ₹9.03 Cr | 0.36% |
| Future on Biocon Ltd | Equity - Future | ₹-9 Cr | 0.36% |
| Biocon Ltd | Equity | ₹8.89 Cr | 0.35% |
| RBL Bank Ltd | Equity | ₹8.54 Cr | 0.34% |
| Future on Aditya Birla Capital Ltd | Equity - Future | ₹-8.53 Cr | 0.34% |
| Aditya Birla Capital Ltd | Equity | ₹8.45 Cr | 0.34% |
| Future on Bajaj Finserv Ltd | Equity - Future | ₹-8.06 Cr | 0.32% |
| Bajaj Finserv Ltd | Equity | ₹7.98 Cr | 0.32% |
| Future on JSW Steel Ltd | Equity - Future | ₹-7.51 Cr | 0.30% |
| JSW Steel Ltd | Equity | ₹7.42 Cr | 0.30% |
| Future on Hindalco Industries Ltd | Equity - Future | ₹-7.19 Cr | 0.29% |
| Hindalco Industries Ltd | Equity | ₹7.1 Cr | 0.28% |
| Future on Varun Beverages Ltd | Equity - Future | ₹-6.93 Cr | 0.28% |
| Varun Beverages Ltd | Equity | ₹6.85 Cr | 0.27% |
| Future on Zydus Lifesciences Ltd | Equity - Future | ₹-6.38 Cr | 0.25% |
| S-Oil Future July 26 | Equity - Future | ₹-6.32 Cr | 0.25% |
| Zydus Lifesciences Ltd | Equity | ₹6.3 Cr | 0.25% |
| Oil & Natural Gas Corp Ltd | Equity | ₹6.21 Cr | 0.25% |
| State Bank of India Future July 26 | Equity - Future | ₹-6.16 Cr | 0.25% |
| Future on Sammaan Capital Ltd | Equity - Future | ₹-5.71 Cr | 0.23% |
| Sammaan Capital Ltd | Equity | ₹5.63 Cr | 0.22% |
| Future on Maruti Suzuki India Ltd | Equity - Future | ₹-5.06 Cr | 0.20% |
| Maruti Suzuki India Ltd | Equity | ₹4.99 Cr | 0.20% |
| Future on Crompton Greaves Consumer Electricals Ltd | Equity - Future | ₹-4.12 Cr | 0.16% |
| Crompton Greaves Consumer Electricals Ltd | Equity | ₹4.06 Cr | 0.16% |
| Future on Cipla Ltd | Equity - Future | ₹-3.44 Cr | 0.14% |
| Cipla Ltd | Equity | ₹3.43 Cr | 0.14% |
| NTPC Future June 26 | Equity - Future | ₹-3.17 Cr | 0.13% |
| Future on One97 Communications Ltd | Equity - Future | ₹-2.79 Cr | 0.11% |
| Future on Inox Wind Ltd | Equity - Future | ₹-2.76 Cr | 0.11% |
| One97 Communications Ltd | Equity | ₹2.76 Cr | 0.11% |
| Future on Bajaj Finance Ltd | Equity - Future | ₹-2.74 Cr | 0.11% |
| Inox Wind Ltd | Equity | ₹2.74 Cr | 0.11% |
| Bajaj Finance Ltd | Equity | ₹2.72 Cr | 0.11% |
| Future on PNB Housing Finance Ltd | Equity - Future | ₹-2.65 Cr | 0.11% |
| PNB Housing Finance Ltd | Equity | ₹2.61 Cr | 0.10% |
| Future on Exide Industries Ltd | Equity - Future | ₹-2.54 Cr | 0.10% |
| Exide Industries Ltd | Equity | ₹2.5 Cr | 0.10% |
| Future on Divi's Laboratories Ltd | Equity - Future | ₹-2.29 Cr | 0.09% |
| Future on Lodha Developers Ltd | Equity - Future | ₹-2.28 Cr | 0.09% |
| Divi's Laboratories Ltd | Equity | ₹2.27 Cr | 0.09% |
| Lodha Developers Ltd | Equity | ₹2.25 Cr | 0.09% |
| Future on NBCC India Ltd | Equity - Future | ₹-1.92 Cr | 0.08% |
| NBCC India Ltd | Equity | ₹1.89 Cr | 0.08% |
| Future on Glenmark Pharmaceuticals Ltd | Equity - Future | ₹-1.73 Cr | 0.07% |
| Glenmark Pharmaceuticals Ltd | Equity | ₹1.71 Cr | 0.07% |
| Yes Bank Ltd | Equity | ₹1.58 Cr | 0.06% |
| Tata Consumer Future June 26 | Equity - Future | ₹-1.57 Cr | 0.06% |
| Tata Consumer Products Ltd | Equity | ₹1.56 Cr | 0.06% |
| Punjab National Bank Future July 26 | Equity - Future | ₹-1.55 Cr | 0.06% |
| Future on Godrej Properties Ltd | Equity - Future | ₹-1.26 Cr | 0.05% |
| Godrej Properties Ltd | Equity | ₹1.25 Cr | 0.05% |
| Future on Hindustan Petroleum Corp Ltd | Equity - Future | ₹-1.05 Cr | 0.04% |
| Hindustan Petroleum Corp Ltd | Equity | ₹1.04 Cr | 0.04% |
| Future on Havells India Ltd | Equity - Future | ₹-0.9 Cr | 0.04% |
| Havells India Ltd | Equity | ₹0.88 Cr | 0.04% |
| SBI Life Insurance Co Ltd | Equity | ₹0.48 Cr | 0.02% |
| SBI Life Future June 26 | Equity - Future | ₹-0.42 Cr | 0.02% |
| Future on Dabur India Ltd | Equity - Future | ₹-0.39 Cr | 0.02% |
| Dabur India Ltd | Equity | ₹0.39 Cr | 0.02% |
| Future on Laurus Labs Ltd | Equity - Future | ₹-0.23 Cr | 0.01% |
| Laurus Labs Ltd | Equity | ₹0.23 Cr | 0.01% |
| Eternal Limited July 2026 Future | Equity - Future | ₹-0.19 Cr | 0.01% |
| Future on Power Grid Corp Of India Ltd | Equity - Future | ₹-0.17 Cr | 0.01% |
| Power Grid Corp Of India Ltd | Equity | ₹0.17 Cr | 0.01% |
| Future on Cholamandalam Investment and Finance Co Ltd | Equity - Future | ₹-0.1 Cr | 0.00% |
| Cholamandalam Investment and Finance Co Ltd | Equity | ₹0.1 Cr | 0.00% |
| SBI Life Future July 26 | Equity - Future | ₹-0.07 Cr | 0.00% |
| Phoenix Mills Ltd | Equity | ₹0.06 Cr | 0.00% |
Allocation By Market Cap (Equity)
Large Cap Stocks
24.59%
Mid Cap Stocks
3.29%
Small Cap Stocks
-1.85%
Allocation By Credit Quality (Debt)
AAA
Other Allocation
Equity Sector
Debt & Others
| Sector | Amount | Holdings |
|---|---|---|
| Financial Services | ₹794.19 Cr | 31.64% |
| Industrials | ₹205.78 Cr | 8.20% |
| Basic Materials | ₹173.63 Cr | 6.92% |
| Consumer Cyclical | ₹150.53 Cr | 6.00% |
| Energy | ₹126.22 Cr | 5.03% |
| Communication Services | ₹111.2 Cr | 4.43% |
| Healthcare | ₹46.07 Cr | 1.84% |
| Utilities | ₹30.04 Cr | 1.20% |
| Real Estate | ₹25.15 Cr | 1.00% |
| Consumer Defensive | ₹18.76 Cr | 0.75% |
| Technology | ₹2.76 Cr | 0.11% |
Risk & Performance Ratios
Standard Deviation
This fund
--
Cat. avg.
0.61%
Lower the better
Sharpe Ratio
This fund
--
Cat. avg.
0.68
Higher the better
Sortino Ratio
This fund
--
Cat. avg.
1.38
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 31st May 2026
ISIN INF879O01225 | Expense Ratio 0.19% | Exit Load No Charges | Fund Size ₹2,370 Cr | Age 2 years 7 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
₹1,60,952 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 | 0.2% | 1.0% | ₹2709.31 Cr | 3.0% |
| Parag Parikh Arbitrage Fund Direct Growth Low Risk | 0.2% | 0.0% | ₹2369.71 Cr | 6.3% |
| Parag Parikh Liquid Fund Direct Growth Low to Moderate Risk | 0.1% | 0.0% | ₹5429.51 Cr | 6.2% |
| Parag Parikh Conservative Hybrid Fund Direct Growth Moderately High risk | 0.2% | 1.0% | ₹3348.56 Cr | 3.8% |
| Parag Parikh Flexi Cap Fund Direct Growth Very High Risk | 0.5% | 2.0% | ₹141446.73 Cr | -3.8% |
| Parag Parikh Tax Saver Fund Direct Growth Very High Risk | 0.5% | 0.0% | ₹5539.59 Cr | -10.5% |
Risk Level
Your principal amount will be at Low Risk
Take control of your wealth
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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 11-Jun-2026, is ₹11.95.
What is the portfolio composition of Parag Parikh Arbitrage Fund Direct Growth?
The fund's allocation of assets is distributed as -0.58% in equities, 0.38% in bonds, and 100.16% 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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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.
