PGIM India Arbitrage Fund Direct Growth

Fund Overview

Fund Size

₹92 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 11 years, 9 months and 24 days, having been launched on 27-Aug-14.
As of 19-Jun-26, it has a Net Asset Value (NAV) of ₹20.81, Assets Under Management (AUM) of 92.17 Crores, and an expense ratio of 0.36%.

PGIM India Arbitrage Fund Direct Growth has given a CAGR return of 6.40% since inception.
The fund's asset allocation comprises around -0.51% in equities, 0.21% in debts, and 100.20% 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

+6.18%

+5.88% (Cat Avg.)

3 Years

+7.24%

+6.91% (Cat Avg.)

5 Years

+6.32%

+6.01% (Cat Avg.)

10 Years

+6.11%

+5.73% (Cat Avg.)

Since Inception

+6.40%

— (Cat Avg.)

Portfolio Summaryas of 31st May 2026

Equity	₹-0.47 Cr	-0.51%
Debt	₹0.2 Cr	0.21%
Others	₹92.45 Cr	100.30%

Top Holdings

All Holdings

Equity

Debt & Others

Name	Type	Amount	Holdings
Net Receivables / (Payables)	Cash	₹59.42 Cr	64.47%
PGIM India Liquid Dr Pl Gr	Mutual Fund - Open End	₹18.73 Cr	20.32%
HDFC Bank Ltd	Equity	₹8.68 Cr	9.42%
Future on HDFC Bank Ltd	Equity - Future	₹-8.64 Cr	9.37%
Future on Reliance Industries Ltd	Equity - Future	₹-6.32 Cr	6.85%
Reliance Industries Ltd	Equity	₹6.28 Cr	6.81%
Future on Vodafone Idea Ltd	Equity - Future	₹-5.36 Cr	5.81%
Vodafone Idea Ltd	Equity	₹5.3 Cr	5.75%
Future on Titan Co Ltd	Equity - Future	₹-5.03 Cr	5.46%
India (Republic of)	Bond - Short-term Government Bills	₹5 Cr	5.42%
Tbill	Bond - Gov't/Treasury	₹4.99 Cr	5.42%
Titan Co Ltd	Equity	₹4.99 Cr	5.42%
Clearing Corporation Of India Ltd.	Cash - Repurchase Agreement	₹4.29 Cr	4.65%
Future on ICICI Bank Ltd	Equity - Future	₹-3.64 Cr	3.95%
ICICI Bank Ltd	Equity	₹3.61 Cr	3.91%
Future on Larsen & Toubro Ltd	Equity - Future	₹-3.6 Cr	3.90%
Future on Mahindra & Mahindra Ltd	Equity - Future	₹-3.57 Cr	3.88%
Larsen & Toubro Ltd	Equity	₹3.57 Cr	3.87%
Mahindra & Mahindra Ltd	Equity	₹3.53 Cr	3.83%
Future on HDFC Asset Management Co Ltd	Equity - Future	₹-3.49 Cr	3.79%
HDFC Asset Management Co Ltd	Equity	₹3.45 Cr	3.74%
Future on PNB Housing Finance Ltd	Equity - Future	₹-3.33 Cr	3.61%
PNB Housing Finance Ltd	Equity	₹3.28 Cr	3.56%
Future on Bharti Airtel Ltd	Equity - Future	₹-2.54 Cr	2.76%
Bharti Airtel Ltd	Equity	₹2.52 Cr	2.73%
Future on Ambuja Cements Ltd	Equity - Future	₹-2.22 Cr	2.41%
Ambuja Cements Ltd	Equity	₹2.21 Cr	2.40%
Future on DLF Ltd	Equity - Future	₹-2.07 Cr	2.24%
DLF Ltd	Equity	₹2.05 Cr	2.22%
Future on Bank of Baroda	Equity - Future	₹-1.98 Cr	2.15%
Future on Punjab National Bank	Equity - Future	₹-1.97 Cr	2.14%
Bank of Baroda	Equity	₹1.96 Cr	2.13%
Punjab National Bank	Equity	₹1.95 Cr	2.12%
Future on Grasim Industries Ltd	Equity - Future	₹-1.74 Cr	1.88%
Grasim Industries Ltd	Equity	₹1.72 Cr	1.86%
Future on Dabur India Ltd	Equity - Future	₹-1.68 Cr	1.82%
Dabur India Ltd	Equity	₹1.66 Cr	1.80%
Future on Jio Financial Services Ltd	Equity - Future	₹-1.47 Cr	1.60%
Jio Financial Services Ltd	Equity	₹1.46 Cr	1.58%
National Buildings Construction Corporation Ltd.	Equity - Future	₹-1.32 Cr	1.43%
NBCC India Ltd	Equity	₹1.3 Cr	1.41%
Future on Axis Bank Ltd	Equity - Future	₹-1.3 Cr	1.41%
Axis Bank Ltd	Equity	₹1.29 Cr	1.40%
Future on UPL Ltd	Equity - Future	₹-0.79 Cr	0.86%
UPL Ltd	Equity	₹0.79 Cr	0.85%
Future on Hindustan Unilever Ltd	Equity - Future	₹-0.52 Cr	0.56%
Hindustan Unilever Ltd	Equity	₹0.52 Cr	0.56%
29/10/2026 Maturing 364 DTB	Bond - Gov't/Treasury	₹0.2 Cr	0.21%
Pgim India Liquid Fund	Mutual Fund - Open End	₹0.02 Cr	0.02%

Allocation By Credit Quality (Debt)

AAA

Other Allocation

Equity Sector

Debt & Others

Sector	Amount	Holdings
Financial Services	₹25.68 Cr	27.86%
Consumer Cyclical	₹8.52 Cr	9.25%
Communication Services	₹7.82 Cr	8.48%
Energy	₹6.28 Cr	6.81%
Industrials	₹4.87 Cr	5.28%
Basic Materials	₹4.71 Cr	5.11%
Consumer Defensive	₹2.18 Cr	2.36%
Real Estate	₹2.05 Cr	2.22%

Risk & Performance Ratios

Fund Managers

Puneet Pal

Since April 2022

Chetan Chavan

Since March 2024

Additional Scheme Detailsas of 31st May 2026

ISIN

INF223J013N7

Expense Ratio

0.36%

Exit Load

No Charges

Fund Size

₹92 Cr

Age

11 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:

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

Fund name	Expense Ratio	Exit Load	Fund size	1Y
Groww Arbitrage Fund Regular Growth Low Risk	1.0%	0.0%	₹84.80 Cr	-
Groww Arbitrage Fund Direct Growth Low Risk	0.2%	0.0%	₹84.80 Cr	-
Helios Arbitrage Fund Regular Growth Low Risk	1.0%	0.0%	₹143.91 Cr	-
Helios Arbitrage Fund Direct Growth Low Risk	0.5%	0.0%	₹143.91 Cr	-
Capitalmind Arbitrage Fund Regular Growth Low Risk	1.0%	0.0%	₹20.28 Cr	-
Capitalmind Arbitrage Fund Direct Growth Low Risk	0.2%	0.0%	₹20.28 Cr	-
JioBlackRock Arbitrage Fund Direct Growth Low Risk	0.3%	0.0%	₹529.54 Cr	-
Old Bridge Arbitrage Fund Direct Growth Low Risk	0.1%	0.0%	₹173.88 Cr	-
Old Bridge Arbitrage Fund Regular Growth Low Risk	0.8%	0.0%	₹173.88 Cr	-
The Wealth Company Arbitrage Fund Regular Growth Low to Moderate Risk	0.8%	0.0%	₹147.17 Cr	-
The Wealth Company Arbitrage Fund Direct Growth Low to Moderate Risk	0.2%	0.0%	₹147.17 Cr	-
TRUSTMF Arbitrage Fund Direct Growth Low Risk	0.2%	0.0%	₹86.08 Cr	-
TRUSTMF Arbitrage Fund Regular Growth Low Risk	0.8%	0.0%	₹86.08 Cr	-
Quant Arbitrage Fund Direct Growth Low Risk	0.3%	0.0%	₹408.17 Cr	7.4%
Quant Arbitrage Fund Regular Growth Low Risk	0.9%	0.0%	₹408.17 Cr	6.7%
f Motilal Oswal Arbitrage Fund Regular Growth Low Risk	1.2%	0.0%	₹2672.46 Cr	6.1%
f Motilal Oswal Arbitrage Fund Direct Growth Low Risk	0.1%	0.0%	₹2672.46 Cr	7.1%
Samco Arbitrage Fund Regular Growth Low Risk	7.1%	0.0%	₹33.09 Cr	3.8%
Samco Arbitrage Fund Direct Growth Low Risk	5.7%	0.0%	₹33.09 Cr	5.0%
Franklin India Arbitrage Fund Direct Growth Low Risk	0.2%	0.0%	₹1380.36 Cr	6.8%
Franklin India Arbitrage Fund Regular Growth Low Risk	0.9%	0.0%	₹1380.36 Cr	6.1%
WhiteOak Capital Arbitrage Fund Regular Growth Low Risk	1.0%	0.0%	₹1435.03 Cr	6.1%
WhiteOak Capital Arbitrage Fund Direct Growth Low Risk	0.4%	0.0%	₹1435.03 Cr	6.9%
Parag Parikh Arbitrage Fund Direct Growth Low Risk	0.2%	0.0%	₹2510.12 Cr	6.3%
Parag Parikh Arbitrage Fund Regular Growth Low Risk	0.5%	0.0%	₹2510.12 Cr	5.9%
Bajaj Finserv Arbitrage Fund Regular Growth Low Risk	0.9%	0.0%	₹1158.47 Cr	5.7%
Bajaj Finserv Arbitrage Fund Direct Growth Low Risk	0.3%	0.0%	₹1158.47 Cr	6.4%
SBI Arbitrage Opportunities Fund Direct Growth Low Risk	1.8%	0.0%	₹43265.65 Cr	6.4%
Bandhan Arbitrage Fund Regular Growth Low Risk	0.9%	0.0%	₹8188.89 Cr	5.6%
Nippon India Arbitrage Fund Direct Growth Low Risk	0.3%	0.0%	₹16184.40 Cr	6.5%
JM Arbitrage Fund Direct Growth Low Risk	0.3%	0.0%	₹369.07 Cr	6.2%
Invesco India Arbitrage Fund Direct Growth Low Risk	0.3%	0.0%	₹28062.44 Cr	6.6%
Kotak Equity Arbitrage Fund Direct Growth Low Risk	0.4%	0.0%	₹72079.17 Cr	6.5%
LIC MF Arbitrage Fund Direct Growth Low Risk	0.3%	0.0%	₹239.22 Cr	6.4%
LIC MF Arbitrage Fund Regular Growth Low Risk	0.8%	0.0%	₹239.22 Cr	5.7%
JM Arbitrage Fund Regular Growth Low Risk	0.9%	0.0%	₹369.07 Cr	5.5%
ICICI Prudential Equity Arbitrage Fund Regular Growth Low Risk	0.8%	0.0%	₹32260.19 Cr	5.8%
SBI Arbitrage Opportunities Fund Regular Growth Low Risk	2.3%	0.0%	₹43265.65 Cr	5.9%
UTI Arbitrage Fund Regular Growth Low Risk	4.4%	0.0%	₹10990.93 Cr	5.9%
NJ Arbitrage Fund Regular Growth Low Risk	0.9%	0.0%	₹270.68 Cr	5.4%
NJ Arbitrage Fund Direct Growth Low Risk	0.2%	0.0%	₹270.68 Cr	6.1%
Bandhan Arbitrage Fund Direct Growth Low Risk	0.3%	0.0%	₹8188.89 Cr	6.3%
Axis Arbitrage Fund Regular Growth Low Risk	1.0%	0.0%	₹9781.35 Cr	5.8%
Axis Arbitrage Fund Direct Growth Low Risk	0.3%	0.0%	₹9781.35 Cr	6.5%
UTI Arbitrage Fund Direct Growth Low Risk	3.9%	0.0%	₹10990.93 Cr	6.5%
Union Arbitrage Fund Direct Growth Low Risk	0.3%	0.0%	₹242.48 Cr	6.2%
Union Arbitrage Fund Regular Growth Low Risk	0.7%	0.0%	₹242.48 Cr	5.6%
Aditya Birla Sun Life Arbitrage Fund Regular Growth Low Risk	0.9%	0.0%	₹26280.08 Cr	5.8%
Aditya Birla Sun Life Arbitrage Fund Direct Growth Low Risk	0.3%	0.0%	₹26280.08 Cr	6.5%
ICICI Prudential Equity Arbitrage Fund Direct Growth Low Risk	0.3%	0.0%	₹32260.19 Cr	6.4%

About the AMC

PGIM India Mutual Fund

+91 22 61593000

https://www.pgimindiamf.com/

Total AUM

₹26,681 Cr

Address

Nirlon House, 2nd Floor, Mumbai, 400 030

Other Funds by PGIM India Mutual Fund

Fund name	Expense Ratio	Exit Load	Fund size	1Y
PGIM India Multi Asset Allocation Fund Direct Growth Very High Risk	0.6%	0.0%	₹273.65 Cr	-
PGIM India Healthcare Fund Direct Growth Very High Risk	0.8%	0.0%	₹95.49 Cr	17.4%
PGIM India Multi Cap Fund Direct Growth Very High Risk	0.8%	0.0%	₹413.64 Cr	9.8%
PGIM India Retirement Fund Direct Growth Very High Risk	1.0%	0.0%	₹98.56 Cr	3.7%
PGIM India Large and Mid Cap Fund Direct Growth Very High Risk	0.7%	0.0%	₹781.86 Cr	2.5%
PGIM India Fixed Duration Fund - Series BH Direct Growth Moderate Risk	-	0.0%	-	-
PGIM India Fixed Duration Fund - Series BJ Direct Growth Moderate Risk	-	0.0%	-	-
PGIM India Fixed Duration Fund - Series BI Direct Growth Moderate Risk	-	0.0%	-	-
PGIM India Fixed Duration Fund - Series BF Direct Growth Moderate Risk	-	0.0%	-	-
PGIM India Fixed Duration Fund - Series BG Direct Growth Moderate Risk	-	0.0%	-	-
PGIM India Overnight Fund Direct Growth Low Risk	0.2%	0.0%	₹63.33 Cr	5.2%
PGIM India Dynamic Bond Direct Growth Moderate Risk	0.5%	0.0%	₹82.67 Cr	3.6%
PGIM India Global Select Real Estate Securities Fund of Fund Direct Growth Very High Risk	1.5%	0.0%	₹59.53 Cr	20.6%
PGIM India Balanced Advantage Fund Direct Growth Moderately High risk	0.7%	0.0%	₹797.63 Cr	0.7%
PGIM India CRISIL IBX Gilt Index - Apr 2028 Fund Direct Growth Low to Moderate Risk	0.5%	0.0%	₹21.62 Cr	5.2%
PGIM India Flexi Cap Fund Direct Growth Very High Risk	0.6%	0.0%	₹5732.98 Cr	3.3%
PGIM India Gilt Fund Direct Growth Moderate Risk	0.6%	0.0%	₹92.58 Cr	1.8%
PGIM India Global Equity Opportunities Fund Direct Growth Very High Risk	1.4%	0.0%	₹1797.44 Cr	31.2%
PGIM India Emerging Markets Equity Fund Direct Growth Very High Risk	1.3%	0.0%	₹1490.48 Cr	57.1%
PGIM India Liquid Fund Direct Growth Low to Moderate Risk	0.1%	0.0%	₹612.44 Cr	6.4%
PGIM India Low Duration Fund Direct Growth Low to Moderate Risk	0.4%	0.0%	₹93.31 Cr	7.2%
PGIM India Corporate Bond Fund Direct Growth Moderate Risk	0.3%	0.0%	₹85.46 Cr	5.0%
PGIM India Hybrid Equity Fund Direct Growth High Risk	0.8%	0.0%	₹201.84 Cr	2.5%
PGIM India Large Cap Fund Direct Growth Very High Risk	0.9%	0.0%	₹534.93 Cr	-0.4%
PGIM India Short Duration Fund Direct Growth Low to Moderate Risk	0.3%	0.0%	₹27.94 Cr	6.7%
PGIM India Ultra Short Duration Fund Direct Growth Low to Moderate Risk	0.3%	0.0%	₹174.73 Cr	6.1%
PGIM India Equity Savings Fund Direct Growth Moderate Risk	0.6%	0.0%	₹59.57 Cr	3.8%
PGIM India Arbitrage Fund Direct Growth Low Risk	0.4%	0.0%	₹92.17 Cr	6.2%
PGIM India Money Market Fund Direct Growth Low to Moderate Risk	0.2%	0.0%	₹142.21 Cr	6.1%
PGIM India ELSS Tax Saver Fund Direct Growth Very High Risk	0.9%	0.0%	₹688.59 Cr	0.8%
PGIM India Midcap Opportunities Fund Direct Growth Very High Risk	0.6%	0.0%	₹10821.62 Cr	4.2%
PGIM India Credit Risk Fund Segregated Plan 1 Direct Growth Low to Moderate Risk	-	0.0%	-	-
PGIM India Banking and PSU Debt fund Direct Growth Moderate Risk	0.2%	0.0%	₹45.38 Cr	6.8%
PGIM India Small Cap Fund Direct Growth Very High Risk	0.7%	0.0%	₹1567.38 Cr	13.1%

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 19-Jun-2026, is ₹20.81.

What are the returns of PGIM India Arbitrage Fund Direct Growth?

The fund has generated 6.18% over the last 1 year and 7.24% 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 -0.51% in equities, 0.21% in bonds, and 100.20% 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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PGIM India Arbitrage Fund Direct Growth

Fund Overview