Zerodha Arbitrage Fund Direct Growth

Fund Overview

Fund Size

₹35 Cr

Expense Ratio

0.20%

ISIN

INF0R8F01232

Minimum SIP

₹5,000

Exit Load

No Charges

Inception Date

18 Aug 2026

About this fund

Zerodha Arbitrage Fund Direct Growth is a Arbitrage Fund mutual fund schemes offered by Zerodha Mutual Fund. This fund has been in existence for 1 months and 24 days, having been launched on 18-Aug-26.
As of 09-Oct-26, it has a Net Asset Value (NAV) of ₹10.08, Assets Under Management (AUM) of 34.74 Crores, and an expense ratio of 0.2%.

Zerodha Arbitrage Fund Direct Growth has given a CAGR return of 0.81% since inception.
The fund's asset allocation comprises around -0.03% in equities, 13.65% in debts, and 86.37% in cash & cash equivalents.
You can start investing in Zerodha Arbitrage Fund Direct Growth with a SIP of ₹5000 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.

Since Inception

+0.81%

— (Cat Avg.)

Portfolio Summaryas of 31st August 2026

Equity	₹-0.01 Cr	-0.03%
Debt	₹4.74 Cr	13.65%
Others	₹30 Cr	86.37%

Top Holdings

All Holdings

Equity

Debt & Others

Name	Type	Amount	Holdings
Cash Offset For Derivatives	Cash - General Offset	₹23.5 Cr	67.64%
Clearing Corporation Of India Limited	Cash - Repurchase Agreement	₹5 Cr	14.39%
India (Republic of)	Bond - Short-term Government Bills	₹4.74 Cr	13.65%
Future on HDFC Bank Ltd	Equity - Future	₹-2.09 Cr	6.02%
HDFC Bank Ltd	Equity	₹2.07 Cr	5.97%
Net Receivable / Payable	Cash - Collateral	₹1.51 Cr	4.34%
Crompton Greaves Consumer Electricals Ltd	Equity	₹1.47 Cr	4.23%
Future on Crompton Greaves Consumer Electricals Ltd	Equity - Future	₹-1.47 Cr	4.22%
IDFC First Bank Ltd	Equity	₹1.28 Cr	3.67%
Future on IDFC First Bank Ltd	Equity - Future	₹-1.26 Cr	3.62%
Axis Bank Ltd	Equity	₹1.14 Cr	3.27%
Indus Towers Ltd Ordinary Shares	Equity	₹1.12 Cr	3.23%
Future on ICICI Bank Ltd	Equity - Future	₹-1.12 Cr	3.23%
ICICI Bank Ltd	Equity	₹1.12 Cr	3.22%
Indus Towers Limited 29/09/2026	Equity - Future	₹-1.12 Cr	3.21%
Future on Axis Bank Ltd	Equity - Future	₹-1.11 Cr	3.20%
Future on AU Small Finance Bank Ltd	Equity - Future	₹-1.09 Cr	3.13%
AU Small Finance Bank Ltd	Equity	₹1.09 Cr	3.13%
Tata Steel Ltd	Equity	₹1.06 Cr	3.06%
Future on Tata Steel Ltd	Equity - Future	₹-1.06 Cr	3.05%
Future on Bajaj Finance Ltd	Equity - Future	₹-1.04 Cr	3.01%
State Bank of India	Equity	₹1.03 Cr	2.98%
Bajaj Finance Ltd	Equity	₹1.03 Cr	2.97%
Future on State Bank of India	Equity - Future	₹-1.03 Cr	2.96%
HDFC Asset Management Co Ltd	Equity	₹1.02 Cr	2.94%
Future on Tata Motors Passenger Vehicles Ltd	Equity - Future	₹-1.02 Cr	2.94%
Future on HDFC Asset Management Co Ltd	Equity - Future	₹-1 Cr	2.89%
Future on SBI Life Insurance Co Ltd	Equity - Future	₹-0.99 Cr	2.85%
Tata Motors Passenger Vehicles Ltd	Equity	₹0.99 Cr	2.85%
The Federal Bank Ltd	Equity	₹0.98 Cr	2.82%
SBI Life Insurance Co Ltd	Equity	₹0.98 Cr	2.82%
Bank of Baroda	Equity	₹0.98 Cr	2.81%
Future on Bank of Baroda	Equity - Future	₹-0.98 Cr	2.81%
Coal India Ltd	Equity	₹0.98 Cr	2.81%
Future on Coal India Ltd	Equity - Future	₹-0.97 Cr	2.79%
Future on The Federal Bank Ltd	Equity - Future	₹-0.96 Cr	2.77%
Future on Life Insurance Corporation of India	Equity - Future	₹-0.94 Cr	2.70%
Life Insurance Corporation of India	Equity	₹0.94 Cr	2.70%
Godrej Properties Ltd	Equity	₹0.92 Cr	2.64%
Future on Godrej Properties Ltd	Equity - Future	₹-0.92 Cr	2.64%
Future on Bharti Airtel Ltd	Equity - Future	₹-0.71 Cr	2.05%
Bharti Airtel Ltd	Equity	₹0.69 Cr	1.98%
Future on Reliance Industries Ltd	Equity - Future	₹-0.52 Cr	1.50%
Reliance Industries Ltd	Equity	₹0.51 Cr	1.47%
Future on ICICI Lombard General Insurance Co Ltd	Equity - Future	₹-0.46 Cr	1.32%
ICICI Lombard General Insurance Co Ltd	Equity	₹0.46 Cr	1.32%
Future on Cummins India Ltd	Equity - Future	₹-0.41 Cr	1.19%
Cummins India Ltd	Equity	₹0.41 Cr	1.18%
Future on Tata Power Co Ltd	Equity - Future	₹-0.41 Cr	1.17%
Tata Power Co Ltd	Equity	₹0.4 Cr	1.16%
Future on Dabur India Ltd	Equity - Future	₹-0.39 Cr	1.11%
Dabur India Ltd	Equity	₹0.38 Cr	1.10%
Future on TVS Motor Co Ltd 6% PRF REDEEM 01/09/2026 INR 10	Equity - Future	₹-0.23 Cr	0.66%
TVS Motor Co Ltd	Equity	₹0.23 Cr	0.66%
Aditya Birla Capital Ltd	Equity	₹0.13 Cr	0.37%
Future on Aditya Birla Capital Ltd	Equity - Future	₹-0.13 Cr	0.36%
Titan Company Limited 29/09/2026	Equity - Future	₹-0.09 Cr	0.26%
Titan Co Ltd	Equity	₹0.09 Cr	0.26%

Other Allocation

Equity Sector

Debt & Others

Sector	Amount	Holdings
Financial Services	₹14.24 Cr	40.99%
Consumer Cyclical	₹2.78 Cr	7.99%
Communication Services	₹1.81 Cr	5.22%
Energy	₹1.49 Cr	4.28%
Basic Materials	₹1.06 Cr	3.06%
Real Estate	₹0.92 Cr	2.64%
Industrials	₹0.41 Cr	1.18%
Utilities	₹0.4 Cr	1.16%
Consumer Defensive	₹0.38 Cr	1.10%

Risk & Performance Ratios

Fund Managers

Kedarnath Mirajkar

Since August 2026

Additional Scheme Detailsas of 31st August 2026

ISIN

INF0R8F01232

Expense Ratio

0.20%

Exit Load

No Charges

Fund Size

₹35 Cr

Age

1 month

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
JioBlackRock Arbitrage Fund Regular Growth Low Risk	-	0.0%	₹586.54 Cr	-
Zerodha Arbitrage Fund Direct Growth Low Risk	0.2%	0.0%	₹34.74 Cr	-
Groww Arbitrage Fund Regular Growth Low Risk	2.6%	0.0%	₹83.97 Cr	-
Groww Arbitrage Fund Direct Growth Low Risk	1.8%	0.0%	₹83.97 Cr	-
Helios Arbitrage Fund Regular Growth Low Risk	2.4%	0.0%	₹134.44 Cr	-
Helios Arbitrage Fund Direct Growth Low Risk	1.9%	0.0%	₹134.44 Cr	-
Capitalmind Arbitrage Fund Regular Growth Low Risk	2.0%	0.0%	₹22.88 Cr	-
Capitalmind Arbitrage Fund Direct Growth Low Risk	1.2%	0.0%	₹22.88 Cr	-
JioBlackRock Arbitrage Fund Direct Growth Low Risk	1.6%	0.0%	₹586.54 Cr	-
Old Bridge Arbitrage Fund Direct Growth Low Risk	1.1%	0.0%	₹222.72 Cr	-
Old Bridge Arbitrage Fund Regular Growth Low Risk	2.0%	0.0%	₹222.72 Cr	-
The Wealth Company Arbitrage Fund Regular Growth Low to Moderate Risk	2.4%	0.0%	₹150.27 Cr	-
The Wealth Company Arbitrage Fund Direct Growth Low to Moderate Risk	1.7%	0.0%	₹150.27 Cr	-
TRUSTMF Arbitrage Fund Direct Growth Low Risk	1.6%	0.0%	₹134.19 Cr	6.5%
TRUSTMF Arbitrage Fund Regular Growth Low Risk	2.3%	0.0%	₹134.19 Cr	5.7%
Quant Arbitrage Fund Direct Growth Low Risk	1.7%	0.0%	₹881.26 Cr	7.6%
Quant Arbitrage Fund Regular Growth Low Risk	2.3%	0.0%	₹881.26 Cr	6.9%
f Motilal Oswal Arbitrage Fund Regular Growth Low Risk	2.1%	0.0%	₹3486.36 Cr	5.9%
f Motilal Oswal Arbitrage Fund Direct Growth Low Risk	1.0%	0.0%	₹3486.36 Cr	7.0%
Samco Arbitrage Fund Regular Growth Low Risk	2.5%	0.0%	₹27.59 Cr	3.5%
Samco Arbitrage Fund Direct Growth Low Risk	1.1%	0.0%	₹27.59 Cr	5.0%
Franklin India Arbitrage Fund Direct Growth Low Risk	1.2%	0.0%	₹1905.95 Cr	7.1%
Franklin India Arbitrage Fund Regular Growth Low Risk	1.9%	0.0%	₹1905.95 Cr	6.3%
WhiteOak Capital Arbitrage Fund Regular Growth Low Risk	3.3%	0.0%	₹2254.61 Cr	6.3%
WhiteOak Capital Arbitrage Fund Direct Growth Low Risk	2.5%	0.0%	₹2254.61 Cr	7.1%
Parag Parikh Arbitrage Fund Direct Growth Low Risk	1.0%	0.0%	₹2798.93 Cr	6.5%
Parag Parikh Arbitrage Fund Regular Growth Low Risk	1.4%	0.0%	₹2798.93 Cr	6.1%
Bajaj Finserv Arbitrage Fund Regular Growth Low Risk	2.0%	0.0%	₹1408.37 Cr	5.8%
Bajaj Finserv Arbitrage Fund Direct Growth Low Risk	1.3%	0.0%	₹1408.37 Cr	6.6%
SBI Arbitrage Opportunities Fund Direct Growth Low Risk	1.5%	0.0%	₹47282.79 Cr	6.5%
Bandhan Arbitrage Fund Regular Growth Low Risk	2.4%	0.0%	₹7796.15 Cr	5.7%
Nippon India Arbitrage Fund Direct Growth Low Risk	1.4%	0.0%	₹17532.65 Cr	6.7%
JM Arbitrage Fund Direct Growth Low Risk	1.4%	0.0%	₹482.50 Cr	6.4%
Invesco India Arbitrage Fund Direct Growth Low Risk	2.3%	0.0%	₹30617.52 Cr	6.9%
Kotak Equity Arbitrage Fund Direct Growth Low Risk	2.4%	0.0%	₹75712.35 Cr	6.7%
LIC MF Arbitrage Fund Direct Growth Low Risk	1.2%	0.0%	₹310.12 Cr	6.6%
LIC MF Arbitrage Fund Regular Growth Low Risk	1.8%	0.0%	₹310.12 Cr	6.0%
JM Arbitrage Fund Regular Growth Low Risk	2.1%	0.0%	₹482.50 Cr	5.7%
ICICI Prudential Equity Arbitrage Fund Regular Growth Low Risk	2.1%	0.0%	₹34849.65 Cr	6.1%
SBI Arbitrage Opportunities Fund Regular Growth Low Risk	2.0%	0.0%	₹47282.79 Cr	6.0%
UTI Arbitrage Fund Regular Growth Low Risk	1.9%	0.0%	₹11131.60 Cr	6.1%
NJ Arbitrage Fund Regular Growth Low Risk	1.7%	0.0%	₹238.54 Cr	5.6%
NJ Arbitrage Fund Direct Growth Low Risk	1.1%	0.0%	₹238.54 Cr	6.3%
Bandhan Arbitrage Fund Direct Growth Low Risk	1.7%	0.0%	₹7796.15 Cr	6.5%
Axis Arbitrage Fund Regular Growth Low Risk	2.1%	0.0%	₹10594.14 Cr	5.9%
Axis Arbitrage Fund Direct Growth Low Risk	1.4%	0.0%	₹10594.14 Cr	6.7%
UTI Arbitrage Fund Direct Growth Low Risk	1.3%	0.0%	₹11131.60 Cr	6.6%
Union Arbitrage Fund Direct Growth Low Risk	1.5%	0.0%	₹220.56 Cr	6.6%
Union Arbitrage Fund Regular Growth Low Risk	2.1%	0.0%	₹220.56 Cr	5.9%
Aditya Birla Sun Life Arbitrage Fund Regular Growth Low Risk	2.0%	0.0%	₹27237.15 Cr	6.0%

About the AMC

Zerodha Mutual Fund

+91 8069601101

https://www.zerodhafundhouse.com/

Total AUM

₹17,725 Cr

Address

153/154, 4th Cross, J.P Nagar 4th Phase, Opp. Clarence Public School, Bengaluru - 560078

Other Funds by Zerodha Mutual Fund

Fund name	Expense Ratio	Exit Load	Fund size	1Y
Zerodha Life Cycle Fund 2031 Direct Growth High Risk	-	3.0%	-	-
Zerodha Arbitrage Fund Direct Growth Low Risk	0.2%	0.0%	₹34.74 Cr	-
Zerodha Life Cycle Fund 2036 Direct Growth Very High Risk	2.3%	-	₹19.57 Cr	-
Zerodha Life Cycle Fund 2041 Direct Growth Very High Risk	2.5%	-	₹18.08 Cr	-
Nifty LargeMidcap250 Plus 8-13 yr G-Sec 70:30 Index Fund Direct Growth Very High Risk	0.9%	0.0%	₹13.48 Cr	-
Zerodha Nifty MidSmallcap400 50:50 Index Fund Direct Growth Very High Risk	0.9%	0.0%	₹17.02 Cr	-
Zerodha Nifty Short Duration G-Sec Index Fund Direct Growth Low to Moderate Risk	0.2%	0.0%	₹24.73 Cr	-
Zerodha BSE SENSEX Index Fund Direct Growth Very High Risk	0.5%	0.0%	₹19.05 Cr	-
Zerodha Nifty 50 Index Fund Direct Growth Very High Risk	0.3%	0.0%	₹71.41 Cr	-
Zerodha Multi Asset Passive FoF Direct Growth Very High Risk	0.2%	0.0%	₹189.33 Cr	3.3%
Zerodha Silver ETF FoF Direct Growth Very High Risk	0.2%	0.0%	₹238.45 Cr	28.0%
Zerodha Overnight Fund Direct Growth Low Risk	0.1%	0.0%	₹94.04 Cr	5.1%
Zerodha Gold ETF FoF Direct Growth High Risk	0.3%	0.0%	₹388.65 Cr	20.9%
Zerodha ELSS Tax Saver Nifty LargeMidcap 250 Index Fund Direct Growth Very High Risk	0.3%	0.0%	₹294.78 Cr	-3.4%
Zerodha Nifty LargeMidcap 250 Index Fund Direct Growth Very High Risk	0.4%	0.0%	₹1613.97 Cr	-3.5%

Risk Level

Your principal amount will be at Low Risk

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What is the current NAV of Zerodha Arbitrage Fund Direct Growth?

The NAV of Zerodha Arbitrage Fund Direct Growth, as of 09-Oct-2026, is ₹10.08.

What is the portfolio composition of Zerodha Arbitrage Fund Direct Growth?

The fund's allocation of assets is distributed as -0.03% in equities, 13.65% in bonds, and 86.37% in cash and cash equivalents.

Who manages the Zerodha Arbitrage Fund Direct Growth?

The fund managers responsible for Zerodha Arbitrage Fund Direct Growth are:-

Kedarnath Mirajkar

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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Zerodha Arbitrage Fund Direct Growth

Fund Overview