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MF Analyser

Nippon India Arbitrage Fund

Direct Plan · MONTHLY IDCW Option · Arbitrage · Scheme code 128821

NAV₹16.2433as on 25 Sep 2026
Fund houseNippon India Mutual Fund
CategoryArbitrage
Plan & optionDirect · MONTHLY IDCW Option
History12.5 years

Returns (%)

 1M3M6M1Y3Y5Y7Y10YLaunch
This scheme 0.581.583.10 6.727.336.76 5.524.243.95
Arbitrage
category median		 ——— 6.677.316.68 —6.38—

Over a year annualised (CAGR), under a year absolute. Computed from AMFI's published NAV history for this scheme.

Risk

 VolatilitySharpeSortinoBetaAlphaMax fallR²
This scheme 1.6% 0.52 0.65 — — -1.1% —

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

95119143167201620182020202220242026MF Analyser

Every one-year period it has lived through

WindowsWorstMedianBestPeriods that lost money
564 0.3% 2.8% 8.5% 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.

MF Analyser

Nippon India Arbitrage Fund

Direct Plan · MONTHLY IDCW Option

Allocation

By asset

Equity69.06%
Mutual Fund Units22.48%
Debt5.50%
Cash & Equivalents2.96%

By market cap

Concentration

Number of stocks181
Top 5 stocks34.18%
Top 10 stocks42.84%
Top 20 stocks55.24%
Lines in the filing184
Largest holding15.10%
Largest sectorUnclassified 22.48%
Effective stocks26.3
Sectors held46
Cash2.96%

Effective stocks is what the concentration works out to: a fund holding 181 names but most of its money in a few behaves like a fund of 26. Cash includes repo and TREPS, which every fund parks money in overnight.

Sector split

Unclassified — 22.5%Banks — 18.3%Finance — 5.0%Petroleum Products — 4.7%CRISIL A1+ — 4.6%Ferrous Metals — 4.4%Automobiles — 3.9%Telecom - Services — 3.0%Other — 33.6%Unclassified22.5%Banks18.3%Finance5.0%Petroleum Products4.7%CRISIL A1+4.6%Ferrous Metals4.4%Automobiles3.9%Telecom - Services3.0%Other33.6%
Unclassified22.48%
Banks18.28%
Finance4.97%
Petroleum Products4.71%
CRISIL A1+4.61%
Ferrous Metals4.44%
Automobiles3.92%
Telecom - Services3.03%
Cash & Equivalents2.96%
Power2.88%
Pharmaceuticals & Biotechnology2.83%
Cement & Cement Products1.77%
IT - Software1.59%
Consumer Durables1.42%
Metals & Minerals Trading1.39%
Construction1.39%
Non - Ferrous Metals1.35%
Industrial Products1.34%
Insurance1.32%
Electrical Equipment1.13%
MF Analyser

Nippon India Arbitrage Fund

Direct Plan · MONTHLY IDCW Option · holdings

Top 30 holdings

#CompanySectorShares held Value
₹ cr		% of fund
1 Nippon India Money Market Fund Dir Pl-Growth-Gr Op Unclassified 5,837,038 2,648 15.10%
2 Nippon India Ultra Short Term Fund- Dr Gr Op Unclassified 2,692,072 1,294 7.38%
3 HDFC Bank Limited Banks 11,037,650 783 4.46%
4 Reliance Industries Limited Petroleum Products 5,780,000 738 4.21%
5 Triparty Repo Unclassified — 639 3.65%
6 Axis Bank Limited Banks 4,081,875 531 3.03%
7 State Bank of India Banks 3,538,500 375 2.14%
8 JSW Steel Limited Ferrous Metals 2,474,550 324 1.85%
9 Kotak Mahindra Bank Limited Banks 7,194,000 302 1.72%
10 ICICI Bank Limited Banks 1,804,600 262 1.50%
11 Vodafone Idea Limited Telecom - Services 177,686,850 255 1.45%
12 Adani Enterprises Limited Metals & Minerals Trading 855,312 245 1.39%
13 Maruti Suzuki India Limited Automobiles 178,000 241 1.38%
14 Tata Steel Limited Ferrous Metals 13,018,500 240 1.37%
15 Larsen & Toubro Limited Construction 555,625 225 1.28%
16 Canara Bank Banks 17,003,250 216 1.23%
17 Bajaj Finance Limited Finance 1,957,500 207 1.18%
18 Steel Authority of India Limited Ferrous Metals 10,528,000 205 1.17%
19 AU Small Finance Bank Limited Banks 1,874,000 204 1.16%
20 Jio Financial Services Limited Finance 8,173,300 197 1.13%
21 Small Industries Dev Bank of India CRISIL A1+ 4,000 195 1.11%
22 Glenmark Pharmaceuticals Limited Pharmaceuticals & Biotechnology 702,375 174 0.99%
23 Bharti Airtel Limited Telecom - Services 931,475 169 0.96%
24 One 97 Communications Limited Financial Technology (Fintech) 973,675 167 0.95%
25 Manappuram Finance Limited Finance 4,797,000 163 0.93%
26 Adani Energy Solutions Limited Power 1,131,300 160 0.91%
27 Axis Bank Limited CRISIL A1+ 3,000 147 0.84%
28 Info Edge (India) Limited Retailing 1,127,500 148 0.84%
29 Coal India Limited Consumable Fuels 3,565,350 143 0.82%
30 National Bank For Agriculture and Rural Development CRISIL A1+ 3,000 145 0.82%
MF Analyser

Nippon India Arbitrage Fund

Direct Plan · MONTHLY IDCW Option · where the money sits

What the manager did last month

Between the filings of 30 Jun 2026 and 31 Jul 2026. A position grows because the manager bought or because the price rose; only the share count separates them.

BoughtSoldNew positionsSold out ofPrice move of holdings
₹1,493 cr ₹1,539 cr 18 13 +1.49%
StockShares tradedShares PriceValue
₹ cr
New position
Tata Consultancy Services Limited 231,075 entered — 54.7
Kaynes Technology India Limited 63,300 entered — 24.1
Bajaj Auto Limited 15,450 entered — 17.8
Infosys Limited 152,400 entered — 17.2
Polycab India Limited 11,875 entered — 10.8
Coforge Limited 62,225 entered — 10.7
Colgate Palmolive (India) Limited 43,725 entered — 9.1
Dr. Reddy's Laboratories Limited 51,875 entered — 6.0
Added to
Nippon India Money Market Fund Dir Pl-Growth-Gr Op 333,924 +6.1% +0.5% 151
Axis Bank Limited 708,125 +21.8% -8.6% 87.1
Canara Bank 6,777,000 +60.6% -0.4% 84.7
Indus Towers Limited 1,759,500 +450.0% -0.2% 68.8
Kotak Mahindra Bank Limited 1,612,000 +30.2% -0.5% 62.9
Muthoot Finance Limited 199,375 +7,250.0% +4.1% 62.2
State Bank of India 528,750 +19.1% +0.1% 54.3
The Indian Hotels Company Limited 699,000 +665.7% +3.5% 51.6
Trimmed
ICICI Bank Limited 1,578,500 -51.0% +4.4% 227
Eternal Limited 7,391,400 -51.9% +14.3% 224
Bajaj Finance Limited 1,531,500 -49.2% +13.6% 175
HDFC Bank Limited 1,696,500 -14.7% -6.2% 127
Maruti Suzuki India Limited 63,750 -27.9% +0.8% 90.7
AU Small Finance Bank Limited 762,000 -28.3% +1.0% 79.8
Bharat Electronics Limited 1,718,550 -56.1% -5.8% 66.7
Titan Company Limited 128,450 -73.1% +10.7% 62.6
Sold out of
Nippon India Liquid Fund-Direct Growth Plan 145,834 exited — 100
IndusInd Bank Limited 553,000 exited — 51.1
Sona BLW Precision Forgings Limited 384,650 exited — 23.8
Exide Industries Limited 545,400 exited — 21.1
Lodha Developers Limited 106,250 exited — 10.2
REC Limited 240,975 exited — 8.8
ICICI Lombard General Insurance Company Limited 31,200 exited — 5.4
Swiggy Limited 136,875 exited — 3.3
Not equityPrevious filingThis filingChange
Cash, repo and TREPS ₹0 cr ₹0 cr +₹0 cr
Debt: bills, CDs and commercial paper ₹605 cr ₹1,091 cr +₹487 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

InvestedValueGainXIRR
₹600,000 ₹717,948 ₹117,948 7.11%

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.