ITI Arbitrage Fund

Direct Plan · IDCW Option · Arbitrage · Scheme code 147615

NAV₹14.6051as on 25 Sep 2026

Fund houseITI Mutual Fund

CategoryArbitrage

Plan & optionDirect · IDCW Option

History7.0 years

Returns (%)

	1M	3M	6M	1Y	3Y	5Y	7Y	10Y	Launch
This scheme	0.96	1.89	3.24	7.02	7.46	6.27	5.59	—	5.58
Arbitrage category median	—	—	—	6.67	7.31	6.68	—	6.38	—

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	1.1%	0.89	1.63	—	—	-0.6%	—

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
296	2.7%	6.1%	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.

ITI Arbitrage Fund

Direct Plan · IDCW Option

Allocation

By asset

Equity	68.53%
Cash & Equivalents	16.30%
Mutual Fund Units	15.17%

By market cap

Large Cap	36.97%
Mid Cap	26.31%
Small Cap	5.25%
Unclassified	15.17%

Concentration

Number of stocks	31
Top 5 stocks	40.05%
Top 10 stocks	54.74%
Top 20 stocks	72.44%
Lines in the filing	32

Largest holding	15.17%
Largest sector	Banks 17.70%
Effective stocks	20.6
Sectors held	17
Cash	16.30%

Effective stocks is what the concentration works out to: a fund holding 31 names but most of its money in a few behaves like a fund of 21. Cash includes repo and TREPS, which every fund parks money in overnight.

Sector split

Banks	17.70%
Cash & Equivalents	16.30%
Unclassified	15.17%
Finance	9.96%
Financial Technology (Fintech)	9.29%
Industrial Products	5.02%
Insurance	3.94%
Telecom - Services	3.42%
Transport Infrastructure	3.24%
Beverages	2.92%
Non - Ferrous Metals	2.76%
Consumer Durables	2.25%
Auto Components	2.01%
IT - Software	1.67%
Cement & Cement Products	1.60%
Cigarettes & Tobacco Products	1.29%
Power	0.76%
Diversified FMCG	0.70%

ITI Arbitrage Fund

Direct Plan · IDCW Option · holdings

Top 30 holdings

#	Company	Sector	Shares held	Value ₹ cr	% of fund
1	Net Receivables / (Payables)	Unclassified	—	10	16.30%
2	ITI Liquid Fund - Direct Plan - Growth Option	Unclassified	64,942	10	15.17%
3	One 97 Communications Limited	Financial Technology (Fintech)	34,075	6	9.29%
4	HDFC Bank Limited	Banks	52,000	4	5.85%
5	Cummins India Limited	Industrial Products	6,200	3	5.02%
6	Power Finance Corporation Limited	Finance	88,400	3	4.72%
7	Bharti Airtel Limited	Telecom - Services	11,875	2	3.42%
8	Adani Ports and Special Economic Zone Limited	Transport Infrastructure	12,825	2	3.24%
9	Varun Beverages Limited	Beverages	45,900	2	2.92%
10	Shriram Finance Limited	Finance	14,850	2	2.62%
11	IndusInd Bank Limited	Banks	15,400	2	2.49%
12	Bandhan Bank Limited	Banks	86,400	1	2.24%
13	UNO Minda Limited	Auto Components	9,900	1	2.01%
14	RBL Bank Limited	Banks	31,750	1	1.92%
15	Aditya Birla Capital Limited	Finance	27,900	1	1.81%
16	AU Small Finance Bank Limited	Banks	10,000	1	1.72%
17	Persistent Systems Limited	IT - Software	1,875	1	1.67%
18	Hindustan Zinc Limited	Non - Ferrous Metals	17,150	1	1.62%
19	HDFC Life Insurance Company Limited	Insurance	18,700	1	1.61%
20	Ambuja Cements Limited	Cement & Cement Products	25,200	1	1.60%
21	Canara Bank	Banks	74,250	1	1.50%
22	Bank of India	Banks	62,400	1	1.40%
23	Godfrey Phillips India Limited	Cigarettes & Tobacco Products	3,850	1	1.29%
24	Max Financial Services Limited	Insurance	4,800	1	1.20%
25	Kalyan Jewellers India Limited	Consumer Durables	12,150	1	1.16%
26	National Aluminium Company Limited	Non - Ferrous Metals	18,750	1	1.14%
27	ICICI Lombard General Insurance Company Limited	Insurance	4,550	1	1.13%
28	Amber Enterprises India Limited	Consumer Durables	900	1	1.09%
29	Jio Financial Services Limited	Finance	21,150	1	0.81%
30	Adani Energy Solutions Limited	Power	3,375	0	0.76%

ITI Arbitrage Fund

Direct Plan · IDCW 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
₹1 cr	₹3 cr	3	5	+0.82%

Stock	Shares traded	Shares	Price	Value ₹ cr
New position
Persistent Systems Limited	1,875	entered	—	1.1
ICICI Lombard General Insurance Company Limited	4,550	entered	—	0.7
ITC Limited	17,250	entered	—	0.4
Added to
IndusInd Bank Limited	6,300	+69.2%	+0.4%	0.6
Trimmed
Shriram Finance Limited	14,850	-50.0%	+6.0%	1.7
RBL Bank Limited	41,275	-56.5%	+1.3%	1.6
Sold out of
Eternal Limited	55,775	exited	—	1.7
Laurus Labs Limited	6,800	exited	—	1.2
REC Limited	31,500	exited	—	1.2
Info Edge (India) Limited	7,700	exited	—	0.9
ICICI Prudential Life Insurance Company Limited	5,550	exited	—	0.3

Not equity	Previous filing	This filing	Change
Cash, repo and TREPS	₹0 cr	₹0 cr	+₹0 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	₹716,554	₹116,554	7.04%

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.