PGIM India Arbitrage Fund Direct Growth
AlternativeArbitrage FundLow Risk
Direct
NAV (18-Jun-25)
₹19.60-0.02%1D
Returns (Since Inception)
6.42%
Rated ★4.5+ on 
Fund Overview
Fund Size
₹125 Cr
Expense Ratio
0.36%
ISIN
INF223J013N7
Minimum SIP
₹1,000
Exit Load
No Charges
Inception Date
27 Aug 2014
About this fund
PGIM India Arbitrage Fund Direct Growth is a Arbitrage Fund mutual fund schemes offered by PGIM India Mutual Fund. This fund has been in existence for 10 years, 9 months and 23 days, having been launched on 27-Aug-14.
As of 18-Jun-25, it has a Net Asset Value (NAV) of ₹19.60, Assets Under Management (AUM) of 125.07 Crores, and an expense ratio of 0.36%.
As of 18-Jun-25, it has a Net Asset Value (NAV) of ₹19.60, Assets Under Management (AUM) of 125.07 Crores, and an expense ratio of 0.36%.
- PGIM India Arbitrage Fund Direct Growth has given a CAGR return of 6.42% since inception.
- The fund's asset allocation comprises around -0.26% in equities, 12.15% in debts, and 88.01% in cash & cash equivalents.
- You can start investing in PGIM 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
+7.54%
+6.75% (Cat Avg.)
3 Years
+7.19%
+6.81% (Cat Avg.)
5 Years
+5.93%
+5.49% (Cat Avg.)
10 Years
+6.17%
+5.82% (Cat Avg.)
Since Inception
+6.42%
— (Cat Avg.)
Portfolio Summaryas of 31st May 2025
| Equity | ₹-0.33 Cr | -0.26% |
| Debt | ₹15.19 Cr | 12.15% |
| Others | ₹110.2 Cr | 88.11% |
Top Holdings
All Holdings
Equity
Debt & Others
| Name | Type  | Amount | Holdings |
|---|---|---|---|
| Net Receivables / (Payables) | Cash | ₹91.85 Cr | 73.44% |
| PGIM India Liquid Dr Pl Gr | Mutual Fund - Open End | ₹12.73 Cr | 10.18% |
| Future on HDFC Bank Ltd | Equity - Future | ₹-12.04 Cr | 9.62% |
| HDFC Bank Ltd | Equity | ₹11.98 Cr | 9.58% |
| Larsen & Toubro Ltd | Equity | ₹11.41 Cr | 9.12% |
| Future on Larsen & Toubro Ltd | Equity - Future | ₹-11.35 Cr | 9.08% |
| Future on Reliance Industries Ltd | Equity - Future | ₹-9.58 Cr | 7.66% |
| Future on Hindustan Petroleum Corp Ltd | Equity - Future | ₹-9.55 Cr | 7.64% |
| Reliance Industries Ltd | Equity | ₹9.52 Cr | 7.61% |
| Hindustan Petroleum Corp Ltd | Equity | ₹9.49 Cr | 7.59% |
| Future on SRF Ltd | Equity - Future | ₹-6.26 Cr | 5.01% |
| SRF Ltd | Equity | ₹6.22 Cr | 4.98% |
| Clearing Corporation Of India Ltd. | Cash - Repurchase Agreement | ₹5.55 Cr | 4.44% |
| 7.26% Govt Stock 2033 | Bond - Gov't/Treasury | ₹5.32 Cr | 4.25% |
| Future on Titan Co Ltd | Equity - Future | ₹-5.25 Cr | 4.20% |
| 7.37% Govt Stock 2028 | Bond - Gov't/Treasury | ₹5.25 Cr | 4.19% |
| Titan Co Ltd | Equity | ₹5.23 Cr | 4.18% |
| Future on ACC Ltd | Equity - Future | ₹-4.86 Cr | 3.89% |
| ACC Ltd | Equity | ₹4.86 Cr | 3.88% |
| 6.79% Govt Stock 2034 | Bond - Gov't/Treasury | ₹4.14 Cr | 3.31% |
| Future on Ambuja Cements Ltd | Equity - Future | ₹-2.89 Cr | 2.31% |
| Ambuja Cements Ltd | Equity | ₹2.89 Cr | 2.31% |
| Future on Bharti Airtel Ltd | Equity - Future | ₹-2.57 Cr | 2.06% |
| Bharti Airtel Ltd | Equity | ₹2.56 Cr | 2.04% |
| Future on Canara Bank | Equity - Future | ₹-2.26 Cr | 1.81% |
| Canara Bank | Equity | ₹2.25 Cr | 1.80% |
| Future on Bajaj Finance Ltd | Equity - Future | ₹-2.19 Cr | 1.75% |
| Bajaj Finance Ltd | Equity | ₹2.18 Cr | 1.74% |
| Future on Vodafone Idea Ltd | Equity - Future | ₹-2.08 Cr | 1.66% |
| Vodafone Idea Ltd | Equity | ₹2.08 Cr | 1.66% |
| Future on Infosys Ltd | Equity - Future | ₹-1.95 Cr | 1.56% |
| Infosys Ltd | Equity | ₹1.94 Cr | 1.55% |
| Future on Kotak Mahindra Bank Ltd | Equity - Future | ₹-1.92 Cr | 1.54% |
| Kotak Mahindra Bank Ltd | Equity | ₹1.91 Cr | 1.53% |
| Future on Mahindra & Mahindra Financial Services Ltd | Equity - Future | ₹-1.62 Cr | 1.29% |
| Mahindra & Mahindra Financial Services Ltd | Equity | ₹1.61 Cr | 1.29% |
| Future on UltraTech Cement Ltd | Equity - Future | ₹-1.46 Cr | 1.17% |
| UltraTech Cement Ltd | Equity | ₹1.46 Cr | 1.17% |
| Future on Grasim Industries Ltd | Equity - Future | ₹-1.41 Cr | 1.13% |
| Grasim Industries Ltd | Equity | ₹1.4 Cr | 1.12% |
| Future on Eternal Ltd | Equity - Future | ₹-1.25 Cr | 1.00% |
| Eternal Ltd | Equity | ₹1.24 Cr | 0.99% |
| Future on Axis Bank Ltd | Equity - Future | ₹-1.2 Cr | 0.96% |
| Axis Bank Ltd | Equity | ₹1.19 Cr | 0.95% |
| Future on Glenmark Pharmaceuticals Ltd | Equity - Future | ₹-1.1 Cr | 0.88% |
| Glenmark Pharmaceuticals Ltd | Equity | ₹1.09 Cr | 0.87% |
| Future on Indian Oil Corp Ltd | Equity - Future | ₹-1.04 Cr | 0.84% |
| Indian Oil Corp Ltd | Equity | ₹1.04 Cr | 0.83% |
| Tata Power Co Ltd | Equity | ₹0.95 Cr | 0.76% |
| Future on Tata Power Co Ltd | Equity - Future | ₹-0.95 Cr | 0.76% |
| Future on Bank of India | Equity - Future | ₹-0.95 Cr | 0.76% |
| Bank of India | Equity | ₹0.94 Cr | 0.75% |
| Future on Steel Authority Of India Ltd | Equity - Future | ₹-0.94 Cr | 0.75% |
| Steel Authority Of India Ltd | Equity | ₹0.93 Cr | 0.74% |
| Tata Chemicals Ltd | Equity | ₹0.93 Cr | 0.74% |
| Future on Tata Chemicals Ltd | Equity - Future | ₹-0.92 Cr | 0.73% |
| Future on IDFC First Bank Ltd | Equity - Future | ₹-0.82 Cr | 0.66% |
| IDFC First Bank Ltd | Equity | ₹0.82 Cr | 0.65% |
| Future on Bandhan Bank Ltd | Equity - Future | ₹-0.81 Cr | 0.65% |
| Bandhan Bank Ltd | Equity | ₹0.81 Cr | 0.65% |
| Future on Cipla Ltd | Equity - Future | ₹-0.72 Cr | 0.57% |
| Cipla Ltd | Equity | ₹0.71 Cr | 0.57% |
| Future on Coal India Ltd | Equity - Future | ₹-0.71 Cr | 0.57% |
| Coal India Ltd | Equity | ₹0.71 Cr | 0.57% |
| 364 DTB 30-Oct-2025 | Bond - Gov't/Treasury | ₹0.49 Cr | 0.39% |
| Future on ICICI Bank Ltd | Equity - Future | ₹-0.31 Cr | 0.24% |
| ICICI Bank Ltd | Equity | ₹0.3 Cr | 0.24% |
| Future on Chambal Fertilisers & Chemicals Ltd | Equity - Future | ₹-0.21 Cr | 0.17% |
| Chambal Fertilisers & Chemicals Ltd | Equity | ₹0.21 Cr | 0.17% |
| Pgim India Liquid Fund | Mutual Fund - Open End | ₹0.08 Cr | 0.06% |
Allocation By Credit Quality (Debt)
AAA
Other Allocation
Equity Sector
Debt & Others
| Sector | Amount | Holdings |
|---|---|---|
| Financial Services | ₹23.99 Cr | 19.18% |
| Energy | ₹20.76 Cr | 16.60% |
| Industrials | ₹17.63 Cr | 14.10% |
| Basic Materials | ₹12.67 Cr | 10.13% |
| Consumer Cyclical | ₹6.47 Cr | 5.17% |
| Communication Services | ₹4.63 Cr | 3.70% |
| Technology | ₹1.94 Cr | 1.55% |
| Healthcare | ₹1.8 Cr | 1.44% |
| Utilities | ₹0.95 Cr | 0.76% |
Risk & Performance Ratios
Standard Deviation
This fund
0.54%
Cat. avg.
0.67%
Lower the better
Sharpe Ratio
This fund
0.83
Cat. avg.
0.14
Higher the better
Sortino Ratio
This fund
--
Cat. avg.
0.48
Higher the better
Fund Managers
PP
Puneet Pal
Since April 2022
CC
Chetan Chavan
Since March 2024
Additional Scheme Detailsas of 31st May 2025
ISIN | INF223J013N7 | Expense Ratio | 0.36% | Exit Load | No Charges | Fund Size | ₹125 Cr | Age | 10 years 9 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:
- For investments made on or after 1 April 2023: The entire capital gain is added to the investor's income and is taxed based on the applicable income tax slab.
- For investments made before 1 April 2023:
- If sold within 2 years of investment: The capital gains are added to the investor's income and taxed according to the applicable tax slab.
- If sold after 2 years of investment: The capital gains are taxed at a flat rate of 12.5%.
- Holding the units: No tax is applicable as long as you hold the units.
Dividend Taxation:
Dividends are considered part of the investor’s income and are taxed according to their applicable tax slab. Additionally, if an investor’s dividend income exceeds INR 5,000 in a financial year, a 10% Tax Deducted at Source (TDS) is withheld by the fund house before distributing the dividend.
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  |
|---|---|---|---|---|
| Baroda BNP Paribas Income Plus Arbitrage Active Fund of Fund Regular Growth Moderate Risk | 0.3% | 0.0% | ₹79.54 Cr | - |
| Baroda BNP Paribas Income Plus Arbitrage Active Fund of Fund Direct Growth Moderate Risk | 0.1% | 0.0% | ₹79.54 Cr | - |
| Quant Arbitrage Fund Direct Growth Low Risk | 0.4% | 0.0% | ₹102.74 Cr | - |
| Quant Arbitrage Fund Regular Growth Low Risk | 0.9% | 0.0% | ₹102.74 Cr | - |
| f Motilal Oswal Arbitrage Fund Regular Growth Low Risk | 1.0% | 0.0% | ₹719.70 Cr | - |
| f Motilal Oswal Arbitrage Fund Direct Growth Low Risk | 0.1% | 0.0% | ₹719.70 Cr | - |
| Samco Arbitrage Fund Regular Growth Low Risk | 1.6% | 0.0% | ₹37.82 Cr | - |
| Samco Arbitrage Fund Direct Growth Low Risk | 0.4% | 0.0% | ₹37.82 Cr | - |
| Franklin India Arbitrage Fund Direct Growth Low Risk | 0.3% | 0.0% | ₹313.65 Cr | - |
| Franklin India Arbitrage Fund Regular Growth Low Risk | 1.0% | 0.0% | ₹313.65 Cr | - |
About the AMC
Total AUM
₹23,745 Cr
Address
Nirlon House, 2nd Floor, Mumbai, 400 030
Other Funds by PGIM India Mutual Fund
Risk Level
Your principal amount will be at Low Risk
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What is the current NAV of PGIM India Arbitrage Fund Direct Growth?
The NAV of PGIM India Arbitrage Fund Direct Growth, as of 18-Jun-2025, is ₹19.60.
What are the returns of PGIM India Arbitrage Fund Direct Growth?
The fund has generated 7.54% over the last 1 year and 7.19% 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 PGIM India Arbitrage Fund Direct Growth?
The fund's allocation of assets is distributed as -0.26% in equities, 12.15% in bonds, and 88.01% in cash and cash equivalents.
Who manages the PGIM India Arbitrage Fund Direct Growth?
The fund managers responsible for PGIM India Arbitrage Fund Direct Growth are:-
- Puneet Pal
- Chetan Chavan
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 Private Limited is a Portfolio Manager with SEBI Registration no. INP000007377 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.