Over a year annualised (CAGR), under a year absolute. Computed from AMFI's published
NAV history for this scheme.
Risk
Volatility
Sharpe
Sortino
Beta
Alpha
Max fall
R²
This scheme
1.3%
0.18
0.33
—
—
-0.8%
—
Risk-free rate 6.5%. Beta, alpha and R² are regressed on the
— months this scheme and its benchmark share.
Growth of ₹100 since launch
Every one-year period it has lived through
Windows
Worst
Median
Best
Periods that lost money
879
2.9%
6.5%
9.5%
0%
Every one-year holding period in this scheme's history, not just the last one — the
spread a real investor would have met depending only on when they started.
HDFC Arbitrage Fund
Regular Plan · Growth Option
Allocation
By asset
Equity
75.47%
Mutual Fund Units
17.04%
Debt
6.46%
Cash & Equivalents
1.03%
By market cap
Large Cap
60.38%
Mid Cap
12.90%
Small Cap
2.19%
Unclassified
23.50%
Concentration
Number of stocks
189
Top 5 stocks
25.41%
Top 10 stocks
39.07%
Top 20 stocks
54.56%
Lines in the filing
191
Largest holding
8.27%
Largest sector
Textiles & Apparels —
Effective stocks
43.8
Sectors held
48
Cash
1.03%
Effective stocks is what the concentration works out to: a fund holding
189 names but most of its money in a few
behaves like a fund of 44. Cash includes repo and TREPS, which
every fund parks money in overnight.
Sector split
Banks
22.49%
Unclassified
17.04%
Telecom - Services
4.99%
Finance
4.74%
Petroleum Products
4.65%
Ferrous Metals
4.58%
CARE - A1+
3.61%
Automobiles
3.11%
Pharmaceuticals & Biotechnology
2.65%
Power
2.38%
Electrical Equipment
2.07%
Diversified FMCG
1.91%
Aerospace & Defense
1.73%
Cement & Cement Products
1.67%
Consumer Durables
1.55%
CRISIL - A1+
1.43%
Non - Ferrous Metals
1.33%
ICRA - A1+
1.33%
Insurance
1.26%
Agricultural Food & Other Products
1.13%
HDFC Arbitrage Fund
Regular Plan · Growth Option · holdings
Top 30 holdings
#
Company
Sector
Shares held
Value ₹ cr
% of fund
1
HDFC Money Market Fund - Direct Plan - Growth Option
Unclassified
3,354,179
2,110
8.27%
2
HDFC Bank Ltd.
Banks
18,187,000
1,289
5.05%
3
ICICI Bank Ltd.
Banks
8,527,400
1,240
4.86%
4
HDFC Liquid Fund - Direct Plan - Growth Option
Unclassified
1,704,922
949
3.72%
5
Reliance Industries Ltd.
Petroleum Products
7,012,500
896
3.51%
6
Bharti Airtel Ltd.
Telecom - Services
4,619,850
837
3.28%
7
Axis Bank Ltd.
Banks
5,805,625
755
2.96%
8
HDFC Ultra Short Term Fund - Direct Plan - Growth Option
Unclassified
403,158,608
671
2.63%
9
HDFC Ultra Short to Short Term Fund - Direct Plan - Growth Option
Unclassified
91,699,304
618
2.42%
10
TREPS - Tri-party Repo
Unclassified
—
611
2.39%
11
JSW Steel Ltd.
Ferrous Metals
4,628,475
605
2.37%
12
State Bank of India
Banks
5,670,000
601
2.36%
13
Canara Bank
Banks
34,674,750
440
1.72%
14
Bajaj Finance Ltd.
Finance
3,810,000
403
1.58%
15
Bharat Electronics Ltd.
Aerospace & Defense
9,219,750
382
1.50%
16
NTPC Limited
Power
11,476,500
376
1.47%
17
Tata Steel Ltd.
Ferrous Metals
20,372,000
376
1.47%
18
Kotak Mahindra Bank Limited
Banks
8,708,000
365
1.43%
19
TVS Motor Company Ltd.
Automobiles
798,875
347
1.36%
20
Hindustan Unilever Ltd.
Diversified FMCG
1,716,600
338
1.32%
21
Punjab National Bank
Banks
28,608,000
327
1.28%
22
Indian Overseas Bank
CARE - A1+
6,000
290
1.14%
23
Hindalco Industries Ltd.
Non - Ferrous Metals
2,439,500
248
0.97%
24
Small Industries Development Bank
CARE - A1+
5,000
243
0.95%
25
Union Bank of India
ICRA - A1+
5,000
242
0.95%
26
Indus Towers Limited
Telecom - Services
5,831,000
227
0.89%
27
Grasim Industries Ltd.
Cement & Cement Products
656,000
221
0.87%
28
IDFC First Bank Limited
Banks
25,116,700
216
0.85%
29
VODAFONE IDEA LIMITED
Telecom - Services
146,809,650
210
0.82%
30
One 97 Communications Limited
Financial Technology (Fintech)
1,170,875
201
0.79%
HDFC Arbitrage Fund
Regular Plan · Growth Option · where the money sits
What the manager did last month
Between the filings of 31 Jul 2026 and 31 Aug 2026.
A position grows because the manager bought or because the price rose; only the share count separates them.
Bought
Sold
New positions
Sold out of
Price move of holdings
₹3,647 cr
₹1,588 cr
19
13
+0.33%
Stock
Shares traded
Shares
Price
Value ₹ cr
New position
Life Insurance Corporation of India
2,016,000
entered
—
84.3
Tech Mahindra Ltd.
330,600
entered
—
53.8
Mazagon Dock Shipbuilders Ltd
81,450
entered
—
20.2
SBI CARDS AND PAYMENT SERVICES LIMITED
247,200
entered
—
15.9
Computer Age Management Services
202,950
entered
—
15.9
Nippon Life India Asset Management Limited
120,625
entered
—
14.1
ICICI Lombard General Insurance Co
89,050
entered
—
14.0
Vedanta Ltd.
464,600
entered
—
12.9
Added to
Bharti Airtel Ltd.
1,810,700
+64.5%
-8.1%
328
HDFC Bank Ltd.
3,736,850
+25.9%
-5.2%
265
Axis Bank Ltd.
1,598,125
+38.0%
+5.7%
208
ICICI Bank Ltd.
1,325,100
+18.4%
+1.3%
193
State Bank of India
1,155,750
+25.6%
+3.2%
123
One 97 Communications Limited
645,975
+123.1%
+27.9%
111
Cummins India Ltd.
201,000
+268.0%
-7.5%
103
TVS Motor Company Ltd.
235,725
+41.9%
+0.7%
102
Trimmed
Grasim Industries Ltd.
710,750
-52.0%
+8.7%
240
Shriram Finance Ltd.
1,263,075
-82.2%
+6.0%
140
ITC LIMITED
5,026,650
-46.2%
-9.1%
128
Mahindra & Mahindra Ltd.
329,200
-68.7%
-3.4%
108
Yes Bank Ltd.
41,269,700
-49.5%
+0.3%
94.2
Titan Company Ltd.
183,050
-53.8%
+4.7%
93.4
Bajaj Finserv Ltd.
460,200
-73.3%
-0.4%
93.0
Reliance Industries Ltd.
575,500
-7.6%
-2.4%
73.5
Sold out of
Laurus Labs Ltd.
437,750
exited
—
79.5
360 ONE WAM LIMITED
282,500
exited
—
32.1
KAYNES TECHNOLOGY INDIA LIMITED
56,550
exited
—
21.5
LTM Limited
28,350
exited
—
12.4
Bajaj Holdings & Investment Ltd
5,775
exited
—
6.6
Hyundai Motor India Limited
22,275
exited
—
4.9
Dalmia Bharat Ltd.
26,000
exited
—
4.7
REC Limited.
102,375
exited
—
3.8
Not equity
Previous filing
This filing
Change
Cash, repo and TREPS
₹0 cr
₹0 cr
+₹0 cr
Debt: bills, CDs and commercial paper
₹3,336 cr
₹1,648 cr
−₹1,688 cr
The list above is stocks and fund units. Treasury bills, repo and money-market
lines roll over every month by design — they are not decisions, so they are totalled here rather
than listed as activity.
A ₹10,000 monthly SIP over five years
Invested
Value
Gain
XIRR
₹600,000
₹706,943
₹106,943
6.50%
XIRR, not CAGR — a SIP's money arrives over sixty months, so each instalment has
been invested for a different length of time.
Not investment advice. InvestVerdict is not a SEBI-registered Investment Adviser or Research Analyst. Every figure is computed from AMFI's published NAV history and the
portfolio the AMC filed with AMFI; none of it is a recommendation to buy, hold or sell. Past
returns do not predict future ones. Generated 27 Sep 2026.
