TRUSTMF ARBITRAGE FUND
Direct–Growth is the plan and option we treat as this fund's main page, so search engines are pointed there. Everything below is this filing's own data.
Fund basics
Everything the NAV says
Computed from 258 published NAVs between 1 Sep 2025 and 16 Sep 2026 — 1.0 years of history. Nothing here is an estimate; it is arithmetic on what the fund actually printed.
How it has moved
Return over time (%)
| Fund name | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y | Since launch |
|---|---|---|---|---|---|---|---|---|---|
| TRUSTMF ARBITRAGE FUND Regular | 0.54 | 1.32 | 2.54 | 5.58 | — | — | — | — | 5.54 |
| Arbitrage category median · 30 funds | — | — | — | 5.95 | 6.57 | 5.95 | — | 5.73 | — |
Anything over a year is annualised (CAGR); shorter windows are absolute. The benchmark row is the index fund named below, priced daily by AMFI like every other scheme here. The category row is the median Regular plan in Arbitrage — the middle fund, not a ranking, and a median rather than an average so that one mis-stated scheme cannot move it. As on 25 Sep 2026.
Risk measures
| Fund name | Volatility | Sharpe | Sortino | Beta | Alpha | Max fall |
|---|---|---|---|---|---|---|
| TRUSTMF ARBITRAGE FUND Regular | 1.25 | -0.77 | -1.40 | — | — | -0.44 |
Risk-free rate 6.5%. Beta and alpha need an index, so the benchmark's own row leaves them blank.
Risk
| Volatility | Downside volatility | Sharpe | Sortino |
|---|---|---|---|
| 1.2% | 0.7% | -0.77 | -1.40 |
Risk-free rate 6.5%, roughly the 10-year government bond.
The worst it has been
| Deepest fall | Time to recover | Today, from its peak |
|---|---|---|
| -0.4% | 0 months | At a high |
A drawdown is the fall from a previous high to the low that followed it. It is the number that decides whether somebody stays invested — a fund can have an excellent ten-year return and still have been unbearable to hold in year four.
Calendar years
What it actually holds
The real portfolio the AMC filed with AMFI. Nothing here is estimated — when a fund has no filing in our store the section simply does not appear. A fund is its holdings; the returns above are only what those holdings did.
Asset allocation
A fund's risk starts here — how much of it is even in the market — before any question of which stocks or which sectors. Cash is not idleness; it is the manager's choice not to be invested, and it shows up as a drag in a rising market and a cushion in a falling one.
Portfolio aggregates
AMFI has not classified this scheme's holdings into large, mid and small cap in the filing we hold, so there is no split to show. The section is left here rather than hidden so it is clear the data is missing, not that the fund holds nothing.
Concentration
| Number of stocks | 60 |
|---|---|
| Top 5 stocks | 40.69% |
| Top 10 stocks | 55.11% |
| Top 20 stocks | 72.02% |
| Largest single holding | 17.51% |
| Largest sector | Banks · 32.55% |
| Number of sectors | 30 |
| Effective stocks | 18.5 |
| Cash & equivalents | 5.10% |
Counting positions overstates diversification. The effective-stocks figure is the honest count: a portfolio can hold seventy names and still have most of its money in twenty.
Sector allocation
Largest holdings
Top 10 are 57.6% of the fund. A high number means a concentrated portfolio — fewer names doing more of the work, for better and for worse.
Disclosed holdings from the AMC's AMFI filing, largest first. A portfolio is filed monthly and shifts between filings — this is the most recent one loaded, not a live book.
What the manager did last month
Between the filing of 31 Jul 2026 and 31 Aug 2026. A position grows for two reasons — the manager bought more, or the price went up — and only the first is a decision. The share count is what separates them, because it moves only when somebody trades.
Swipe the table sideways for share counts, price change and values.
| Stock | Shares traded | Change in shares | Change in price | Value of the trade₹ crore | Position now₹ crore |
|---|---|---|---|---|---|
| New positiondid not hold this a month ago 8 | |||||
| Bharti Airtel Limited | 19,475 | entered | — | 3.5 | 3.5 |
| Multi Commodity Exchange of India Limited | 4,500 | entered | — | 1.5 | 1.5 |
| Varun Beverages Limited | 19,125 | entered | — | 0.8 | 0.8 |
| Cummins India Limited | 1,400 | entered | — | 0.7 | 0.7 |
| LIC Housing Finance Limited | 12,000 | entered | — | 0.7 | 0.7 |
| DLF Limited | 8,550 | entered | — | 0.6 | 0.6 |
| Grasim Industries Limited | 1,250 | entered | — | 0.4 | 0.4 |
| Power Grid Corporation of India Limited | 1,900 | entered | — | 0.1 | 0.1 |
| Added tobought more shares than last month 8 | |||||
| Apollo Hospitals Enterprise Limited | 2,000 | +800.0% | -0.6% | 1.8 | 2.0 |
| Tata Steel Limited | 63,250 | +191.7% | -2.8% | 1.2 | 1.8 |
| Maruti Suzuki India Limited | 250 | +8.5% | -4.8% | 0.3 | 4.3 |
| ITC Limited | 12,075 | +22.6% | -9.1% | 0.3 | 1.7 |
| Hindustan Unilever Limited | 1,500 | +33.3% | -6.4% | 0.3 | 1.2 |
| ICICI Bank Limited | 1,400 | +7.1% | +1.3% | 0.2 | 3.1 |
| Mahindra & Mahindra Limited | 400 | +33.3% | -3.4% | 0.1 | 0.5 |
| HDFC Bank Limited | 1,300 | +1.0% | -5.2% | 0.1 | 9.1 |
| Trimmedcut the share count, without selling out 8 | |||||
| Reliance Industries Limited | 23,000 | -52.9% | -2.4% | 2.9 | 2.6 |
| Adani Enterprises Limited | 7,416 | -57.1% | -5.0% | 2.1 | 1.6 |
| Cholamandalam Investment and Finance Company Ltd | 10,000 | -64.0% | +0.4% | 1.9 | 1.0 |
| Larsen & Toubro Limited | 4,200 | -52.2% | +2.7% | 1.7 | 1.6 |
| Crompton Greaves Consumer Electricals Limited | 68,800 | -66.7% | -9.3% | 1.6 | 0.8 |
| Canara Bank | 121,500 | -14.1% | +1.5% | 1.5 | 9.4 |
| Adani Energy Solutions Limited | 10,125 | -50.0% | -13.9% | 1.4 | 1.4 |
| Eicher Motors Limited | 1,600 | -45.7% | +1.5% | 1.3 | 1.5 |
| Sold out ofheld last month, gone this month 8 | |||||
| TVS Motor Company Limited | 7,000 | exited | — | 3.0 | — |
| Britannia Industries Limited | 1,375 | exited | — | 0.7 | — |
| Bajaj Finserv Limited | 3,300 | exited | — | 0.7 | — |
| Tata Motors Passenger Vehicles Limited | 17,600 | exited | — | 0.6 | — |
| Bajaj Holdings & Investment Limited | 525 | exited | — | 0.6 | — |
| Eternal Limited | 14,550 | exited | — | 0.4 | — |
| Shriram Finance Limited | 3,300 | exited | — | 0.4 | — |
| Tata Power Company Limited | 8,700 | exited | — | 0.3 | — |
Only stocks and fund units are listed. Treasury bills, repo and money-market lines roll over every month by design — they are larger in rupees than most equity trades and are not decisions, so they are summarised as cash above rather than listed as activity. Share counts and values are the fund house's own filing. What a position cost when it was first bought is in no monthly disclosure, so a value here is what the shares were worth at the later filing, not what was paid.
How it compares in its category
Against the Arbitrage Regular schemes with the highest three-year return. Same category, same plan — the only comparison that means anything. The list re-sorts itself as returns move; it is an ordering by one number, not a view on which fund anyone should hold.
| Scheme | Return | Alpha | Beta | Volatility | Sharpe | Max fall |
|---|---|---|---|---|---|---|
| TRUSTMF ARBITRAGE FUND Trust Mutual Fund · this scheme | — | — | — | 1.2% | -0.77 | -0.4% |
| HSBC Arbitrage Fund HSBC Mutual Fund | 6.6% | — | — | 1.0% | 0.07 | -0.3% |
| Mirae Asset Arbitrage Fund Mirae Asset Mutual Fund | 6.6% | — | — | 1.0% | 0.07 | -0.4% |
| ITI Arbitrage Fund ITI Mutual Fund | 6.5% | — | — | 1.1% | 0.01 | -0.6% |
| BARODA BNP PARIBAS ARBITRAGE FUND Baroda BNP Paribas Mutual Fund | 6.5% | — | — | 1.0% | -0.04 | -0.3% |
| Sundaram Arbitrage Fund(Formerly Known as Prinicpal Arbitrage Fund) Sundaram Mutual Fund | 6.5% | — | — | 1.1% | -0.04 | -0.5% |
| NJ Arbitrage Fund NJ Mutual Fund | 6.1% | — | — | 1.2% | -0.34 | -0.7% |
| Mahindra Manulife Arbitrage Fund Mahindra Manulife Mutual Fund | 5.6% | — | — | 1.0% | -0.86 | -0.5% |
Alpha and beta are against the category index. Max fall is the deepest peak-to-trough drop in each fund's own history, so a longer-running fund has had more chances to record a bad one. Click a column to sort. This is a sort, not a ranking, and nothing here is a recommendation.
What a Arbitrage scheme is
Buying in the cash market and selling in futures, capturing the spread.
Returns look like a short-term debt fund but are taxed as equity, which is the reason these exist. Returns depend on market activity — in quiet markets the spread thins and so does the return.
Who it suits. Parking money for a few months to a year in a taxable account.
How long money should stay. 6 months to 1 year.
Questions people ask
What is the NAV of TRUSTMF ARBITRAGE FUND — Regular Plan — Growth?
₹10.5976 as on 25 Sep 2026, from AMFI's daily NAV file. NAV is declared once each business day after markets close, so the figure here is the most recent one published.
What is the difference between the Direct and Regular plan of TRUSTMF ARBITRAGE FUND?
They hold the identical portfolio, run by the same manager. A Regular plan pays a distributor commission out of the fund, inside its expense ratio — commonly 0.5% to 1.2% a year more than Direct. That difference is charged on the whole balance, every year, so it compounds: on ₹1,00,000 held ten years a gap of 1.5 percentage points is roughly ₹1.4 lakh of ending value. Direct is the same fund without the commission.
What does the Growth option mean?
Growth reinvests everything the fund earns back into the NAV. Nothing is paid out, so the NAV rises with returns and you are taxed only when you sell. For anybody who does not need income from the investment, Growth is the simpler and usually the more tax-efficient option.
What kind of scheme is this?
Buying in the cash market and selling in futures, capturing the spread. Returns look like a short-term debt fund but are taxed as equity, which is the reason these exist. Returns depend on market activity — in quiet markets the spread thins and so does the return.
How long should money stay in it?
Typically 6 months to 1 year. Parking money for a few months to a year in a taxable account.