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
1.2%
-5.84
-3.11
—
—
-4.6%
—
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
Drawdown from peak (%)
Every one-year period it has lived through
Windows
Worst
Median
Best
Periods that lost money
728
-3.2%
-0.1%
3.1%
52%
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.
HSBC Arbitrage Fund
Regular Plan · Monthly IDCW
Allocation
By asset
Equity
70.37%
Mutual Fund Units
17.37%
Debt
9.90%
Cash & Equivalents
2.36%
By market cap
Concentration
Number of stocks
137
Top 5 stocks
35.67%
Top 10 stocks
47.16%
Top 20 stocks
62.06%
Lines in the filing
139
Largest holding
15.62%
Largest sector
Banks 24.83%
Effective stocks
23.4
Sectors held
42
Cash
0.00%
Effective stocks is what the concentration works out to: a fund holding
137 names but most of its money in a few
behaves like a fund of 23. Cash includes repo and TREPS, which
every fund parks money in overnight.
Sector split
Banks
24.83%
Internal - Mutual Fund Units
17.37%
Petroleum Products
6.69%
Ferrous Metals
5.42%
CRISIL A1+
5.25%
Finance
4.47%
Power
4.16%
Pharmaceuticals & Biotechnology
3.61%
IT - Software
2.88%
IND A1+
2.67%
Cash & Equivalents
2.36%
Consumer Durables
2.17%
Insurance
1.81%
Beverages
1.57%
Diversified FMCG
1.47%
ICRA A1+
1.33%
Realty
1.32%
Capital Markets
1.28%
Industrial Products
1.06%
Electrical Equipment
1.05%
HSBC Arbitrage Fund
Regular Plan · Monthly IDCW · holdings as on 31 Oct 2026
Top 30 holdings
#
Company
Sector
Shares held
Value ₹ cr
% of fund
1
HSBC Money Market Fund - Direct Growth
Internal - Mutual Fund Units
190,334,415
573
15.62%
2
Reliance Industries Limited
Petroleum Products
2,069,000
241
6.57%
3
ICICI Bank Limited
Banks
1,439,200
201
5.48%
4
HDFC Bank Limited
Banks
2,652,000
184
5.01%
5
Canara Bank
Banks
9,342,000
110
2.99%
6
Steel Authority of India Limited
Ferrous Metals
6,612,900
106
2.90%
7
Adani Power Limited
Power
5,271,750
100
2.72%
8
NABARD
CRISIL A1+
7,500,000
73
1.99%
9
Infosys Limited
IT - Software
607,200
72
1.96%
10
Bandhan Bank Limited
Banks
4,568,400
71
1.92%
11
Crompton Greaves Consumer Electrical Ltd
Consumer Durables
3,429,250
66
1.79%
12
HSBC Ultra Short Term Fund - Direct Growth
Internal - Mutual Fund Units
429,422
64
1.75%
13
Punjab National Bank
Banks
4,720,000
58
1.58%
14
Varun Beverages Limited
Beverages
1,470,075
58
1.57%
15
Axis Bank Limited
Banks
443,750
54
1.47%
16
Divi''s Laboratories Limited
Pharmaceuticals & Biotechnology
51,800
51
1.38%
17
Adani Energy Solutions Limited
Power
369,225
50
1.36%
18
Bank of Baroda
IND A1+
5,000,000
49
1.34%
19
Union Bank of India
ICRA A1+
5,000,000
49
1.33%
20
Bank of Baroda
IND A1+
5,000,000
49
1.33%
21
Godrej Properties Limited
Realty
309,725
49
1.32%
22
Yes Bank Ltd
Banks
30,975,600
47
1.28%
23
Net Current Assets (including cash & bank balances)
Unclassified
—
45
1.27%
24
SIDBI
CRISIL A1+
5,000,000
47
1.27%
25
Bajaj Finance Limited
Finance
489,750
46
1.25%
26
IDFC First Bank Limited
Banks
6,204,975
45
1.22%
27
Tata Steel Limited
Ferrous Metals
2,609,750
44
1.19%
28
Treps
Unclassified
—
40
1.09%
29
JSW Steel Limited
Ferrous Metals
321,300
40
1.09%
30
ITC Limited
Diversified FMCG
1,435,200
38
1.04%
HSBC Arbitrage Fund
Regular Plan · Monthly IDCW · where the money sits
What the manager did last month
Between the filings of 30 Sep 2026 and 31 Oct 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
₹419 cr
₹160 cr
15
33
-2.38%
Stock
Shares traded
Shares
Price
Value ₹ cr
New position
KPIT Technologies Limited
251,100
entered
—
13.3
Wipro Limited
501,000
entered
—
9.9
Grasim Industries Limited
23,000
entered
—
6.9
Trent Limited
8,775
entered
—
2.7
BSE Ltd
7,400
entered
—
2.6
Tata Consultancy Services Limited
8,550
entered
—
2.1
Ujjivan Small Finance Bank Limited
344,000
entered
—
1.8
Angel One Limited
42,500
entered
—
1.2
Added to
Reliance Industries Limited
588,000
+39.7%
-1.9%
68.5
HSBC Money Market Fund - Direct Growth
16,661,668
+9.6%
+0.4%
50.2
Infosys Limited
316,000
+108.5%
+19.2%
37.5
APL Apollo Tubes Limited
94,150
+336.3%
-1.1%
20.4
Divi''s Laboratories Limited
19,300
+59.4%
+5.3%
18.9
Aurobindo Pharma Limited
111,100
+2,525.0%
+0.6%
18.7
Adani Enterprises Limited
59,637
+98.0%
-11.2%
15.4
Tata Steel Limited
882,750
+51.1%
-9.1%
14.8
Trimmed
Glenmark Pharmaceuticals Limited
69,375
-45.9%
-1.5%
16.0
KALYAN JEWELLERS INDIA LIMITED
271,350
-52.8%
-10.0%
13.5
MphasiS Limited
47,300
-68.0%
+17.2%
12.0
Indus Towers Limited
297,500
-48.0%
+1.4%
11.3
HDFC Life Insurance Company Limited
170,500
-19.5%
+0.7%
9.0
HDFC Asset Management Company Limited
38,100
-55.2%
+1.3%
8.8
Laurus Labs Limited
30,600
-43.4%
+21.5%
7.4
Bharat Heavy Electricals Limited
181,125
-40.1%
-6.7%
7.0
Sold out of
Bharti Airtel Limited
62,700
exited
—
11.0
Kotak Mahindra Bank Limited
226,000
exited
—
9.4
The Indian Hotels Company Limited
125,000
exited
—
9.1
RBL Bank Limited
161,925
exited
—
6.5
GE Vernova T&D India Limited
13,750
exited
—
5.8
Adani Green Energy Limited
37,800
exited
—
4.8
PB Fintech Limited
43,050
exited
—
4.6
Apollo Hospitals Enterprise Limited
5,250
exited
—
4.3
Not equity
Previous filing
This filing
Change
Cash, repo and TREPS
₹0 cr
₹0 cr
+₹0 cr
Debt: bills, CDs and commercial paper
₹462 cr
₹363 cr
−₹99 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.
Not investment advice. MF Analyser 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 13 Nov 2026.
