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MF Analyser

Axis Arbitrage Fund

Regular Plan · Growth Option · Arbitrage · Scheme code 130771

NAV₹20.0565as on 25 Sep 2026
Fund houseAxis Mutual Fund
CategoryArbitrage
Plan & optionRegular · Growth Option
History12.1 years

Returns (%)

 1M3M6M1Y3Y5Y7Y10YLaunch
This scheme 0.391.402.74 5.936.656.05 5.495.695.90
Arbitrage
category median		 ——— 6.066.595.97 —5.74—

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

Risk

 VolatilitySharpeSortinoBetaAlphaMax fallR²
This scheme 1.0% 0.15 0.29 — — -0.7% —

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

92131169208201620182020202220242026MF Analyser

Every one-year period it has lived through

WindowsWorstMedianBestPeriods that lost money
547 2.8% 6.0% 8.1% 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

Axis Arbitrage Fund

Regular Plan · Growth Option

Allocation

By asset

Equity68.40%
Debt17.40%
Mutual Fund Units12.47%
Cash & Equivalents1.80%

By market cap

Large Cap54.13%
Mid Cap11.06%
Small Cap3.21%
Unclassified29.87%

Concentration

Number of stocks182
Top 5 stocks25.39%
Top 10 stocks35.19%
Top 20 stocks49.67%
Lines in the filing356
Largest holding12.47%
Largest sectorRetailing —
Effective stocks36.8
Sectors held47
Cash1.80%

Effective stocks is what the concentration works out to: a fund holding 182 names but most of its money in a few behaves like a fund of 37. Cash includes repo and TREPS, which every fund parks money in overnight.

Sector split

Banks — 16.9%Unclassified — 12.5%CRISIL A1+ — 8.2%CARE A1+ — 7.9%Finance — 5.2%Telecom - Services — 4.5%Electrical Equipment — 4.1%Petroleum Products — 3.8%Ferrous Metals — 3.6%Other — 33.5%Banks16.9%Unclassified12.5%CRISIL A1+8.2%CARE A1+7.9%Finance5.2%Telecom - Services4.5%Electrical Equipment4.1%Petroleum Products3.8%Ferrous Metals3.6%Other33.5%
Banks16.93%
Unclassified12.47%
CRISIL A1+8.16%
CARE A1+7.87%
Finance5.24%
Telecom - Services4.48%
Electrical Equipment4.07%
Petroleum Products3.77%
Ferrous Metals3.57%
Pharmaceuticals & Biotechnology3.31%
Power2.81%
Aerospace & Defense2.39%
Diversified FMCG2.13%
Cash & Equivalents1.80%
Insurance1.57%
Automobiles1.44%
ICRA A1+1.37%
Metals & Minerals Trading1.32%
Non - Ferrous Metals1.31%
Cement & Cement Products1.30%
MF Analyser

Axis Arbitrage Fund

Regular Plan · Growth Option · holdings

Top 30 holdings

#CompanySectorShares held Value
₹ cr		% of fund
1 Net Receivables / (Payables) Unclassified — 7,205 68.01%
2 Axis Money Market Fund - Direct Plan - Growth Option Unclassified 8,475,144 1,321 12.47%
3 HDFC Bank Limited Banks 5,167,500 366 3.46%
4 ICICI Bank Limited Banks 2,520,000 366 3.46%
5 Reliance Industries Limited Petroleum Products 2,692,500 344 3.25%
6 Bharat Heavy Electricals Limited Electrical Equipment 6,586,125 292 2.75%
7 Clearing Corporation of India Ltd Unclassified — 257 2.43%
8 State Bank of India Banks 2,196,000 233 2.20%
9 Bharti Airtel Limited Telecom - Services 1,173,250 213 2.01%
10 Bharat Electronics Limited Aerospace & Defense 5,073,000 210 1.98%
11 National Bank For Agriculture and Rural Development (10/03/2027) CRISIL A1+ 4,000 193 1.82%
12 Small Industries Dev Bank of India (04/02/2027) CARE A1+ 3,900 189 1.79%
13 Canara Bank (02/02/2027) CRISIL A1+ 3,500 170 1.61%
14 National Bank For Agriculture and Rural Development (02/03/2027) CRISIL A1+ 3,500 169 1.60%
15 Kotak Mahindra Bank Limited Banks 3,960,000 166 1.57%
16 Tata Steel Limited Ferrous Metals 8,830,250 163 1.54%
17 HDFC Bank Limited (14/12/2026) CARE A1+ 3,000 147 1.39%
18 Axis Bank Limited Banks 1,131,250 147 1.39%
19 Cholamandalam Investment and Finance Company Ltd Finance 791,875 147 1.39%
20 Union Bank of India (02/03/2027) ICRA A1+ 3,000 145 1.37%
21 Adani Enterprises Limited Metals & Minerals Trading 489,456 140 1.32%
22 Bajaj Finance Limited Finance 1,305,000 138 1.30%
23 Indus Towers Limited Telecom - Services 3,396,600 132 1.25%
24 Small Industries Dev Bank of India (18/02/2027) CARE A1+ 2,700 131 1.23%
25 Hindustan Unilever Limited Diversified FMCG 654,900 129 1.22%
26 Vodafone Idea Limited Telecom - Services 90,558,825 130 1.22%
27 Canara Bank Banks 10,104,750 128 1.21%
28 Small Industries Dev Bank of India (16/12/2026) CARE A1+ 2,500 123 1.16%
29 Canara Bank (18/12/2026) CRISIL A1+ 2,500 123 1.16%
30 Hindalco Industries Limited Non - Ferrous Metals 1,177,400 120 1.13%
MF Analyser

Axis 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.

BoughtSoldNew positionsSold out ofPrice move of holdings
₹802 cr ₹686 cr 23 17 +0.11%
StockShares tradedShares PriceValue
₹ cr
New position
Life Insurance Corporation Of India 1,115,800 entered — 46.6
Infosys Limited 219,200 entered — 24.9
Kalyan Jewellers India Limited 355,050 entered — 21.3
Tech Mahindra Limited 114,000 entered — 18.6
Torrent Pharmaceuticals Limited 26,375 entered — 13.4
ICICI Lombard General Insurance Company Limited 78,650 entered — 12.3
Cochin Shipyard Limited 24,400 entered — 3.7
Power Finance Corporation Limited 79,300 entered — 2.7
Added to
Reliance Industries Limited 434,000 +19.2% -2.4% 55.4
ICICI Bank Limited 375,200 +17.5% +1.3% 54.6
Bharti Airtel Limited 290,700 +32.9% -8.1% 52.7
Cummins India Limited 97,600 +121.1% -7.5% 49.8
Tata Steel Limited 2,574,000 +41.1% -2.8% 47.5
GE Vernova T&D India Limited 101,250 +826.5% +2.8% 45.0
The Federal Bank Limited 1,152,500 +129.5% -0.6% 41.1
Coal India Limited 841,050 +43.1% -3.0% 33.8
Trimmed
Grasim Industries Limited 311,750 -96.5% +8.7% 105
One 97 Communications Limited 376,275 -65.7% +27.9% 64.6
Info Edge (India) Limited 393,250 -99.9% +7.1% 51.6
Adani Energy Solutions Limited 347,625 -53.6% -13.9% 49.3
TVS Motor Company Limited 80,150 -60.7% +0.7% 34.8
UltraTech Cement Limited 26,150 -24.6% -3.8% 29.9
Hindalco Industries Limited 278,600 -19.1% +4.2% 28.3
Kotak Mahindra Bank Limited 596,000 -13.1% +7.5% 25.0
Sold out of
Laurus Labs Limited 283,900 exited — 51.6
Eternal Limited 1,137,325 exited — 34.4
BSE Limited 42,400 exited — 15.5
Oracle Financial Services Software Limited 9,400 exited — 10.5
ICICI Prudential Life Insurance Company Limited 158,175 exited — 8.2
Indian Bank 83,000 exited — 6.9
Britannia Industries Limited 8,375 exited — 4.5
Bajaj Holdings & Investment Limited 3,600 exited — 4.1
Not equityPrevious filingThis filingChange
Cash, repo and TREPS ₹0 cr ₹0 cr +₹0 cr
Debt: bills, CDs and commercial paper ₹1,886 cr ₹1,842 cr −₹45 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 ₹704,834 ₹104,834 6.38%

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 26 Sep 2026.