What is the NAV of HSBC Arbitrage Fund?

₹21.86 per unit as of 21 Aug 2026 (Direct plan, growth). NAV is declared daily on working days.

What is the expense ratio of HSBC Arbitrage Fund?

0.22% a year for the Direct plan, as of 30 Jun 2026.

How large is HSBC Arbitrage Fund?

₹2,998 crore under management as of 31 Jul 2026, in the Arbitrage Fund category.

How risky is HSBC Arbitrage Fund?

Its SEBI Riskometer reading is "Low Risk". Cash-and-futures spreads. Debt-like behaviour, equity taxation.

What are the 5-year returns of HSBC Arbitrage Fund?

6.54% a year over the last 5 years (Direct plan, CAGR), against a Arbitrage Fund average of 6.59%. Past returns do not predict future returns.

What is the worst 3-year return of HSBC Arbitrage Fund?

6.3% a year — the weakest of 25 overlapping 3-year holding periods, beginning 2 Aug 2021. The median was 7.4% and 100% of those windows ended positive. Windows overlap, so this is the range of past start dates, not a probability.

Who manages HSBC Arbitrage Fund?

Praveen Ayathan, managing this fund for 12.1 years.

HSBC Arbitrage Fund

HSBC Mutual FundDirectOpen-endedArbitrage FundRiskometer: Low Risk

NAV

₹21.86

as of 21 Aug 2026

HSBC Arbitrage Fund is an open-ended Arbitrage Fund scheme from HSBC Mutual Fund managing ₹2,998 crore (as of 31 Jul 2026). Its Direct-plan NAV is ₹21.86 as of 21 Aug 2026. The expense ratio is 0.22% a year. Managed by Praveen Ayathan. This page is factual data only — it carries no rating and no recommendation.

Key facts

Expense ratio: 0.22% / yr; as of 30 Jun 2026
Fund size: ₹2,998 crore; as of 31 Jul 2026
Exit load: 0.25%
SIP available: Yes
Launched: 30 Jun 2014
ISIN: INF917K01QR5

₹100 invested, fund vs category

The category line is the average of the funds in this category, built from NYVO’s own NAV data.

Rebased to 100data to 20 Aug 2026Benchmark: NIFTY 50 Arbitrage Index

Aug 2021Aug 2026

HSBC Arbitrage Fund

₹137

+37% on ₹100 over 5.0 yrs

Arbitrage Fund average

₹132

+32% on ₹100 over 5.0 yrs

Returns vs category

Window	Fund	Category avg	Gap
3 months	1.79%	1.73%	+0.06
6 months	3.11%	3.18%	-0.07
1 year	6.54%	6.54%	0.00
3 years (CAGR)	7.34%	7.38%	-0.04
5 years (CAGR)	6.54%	6.59%	-0.05

Category average across 33 funds, as of 20 Aug 2026. Short windows are noise; the 3 and 5-year rows are the record. Past returns do not predict future returns.

Risk, measured

Sharpe ratio (3Y): 1.85
Sharpe ratio (5Y): 1.10
Sortino ratio (3Y): 3.60 vs category 2.12
Standard deviation (3Y): 0.54%
Deepest fall (5Y): -0.01%

Where the money actually is

Equity

-0.2%

Bonds

7.4%

Cash

92.9%

Whole-portfolio split, as of 31 Jul 2026. Equity here is the NET position: this fund holds shares and sells futures against them, so the two largely cancel. The holdings below are gross, before that offset.

What it owns

221 positions · top 10 = 19.9%

Holdings by sector

Financial Services(3 in top 10)32.3%
- HDFC Bank Ltd5.44%
- Canara Bank3.92%
- Bandhan Bank Ltd2.73%
Basic Materials6.8%
Utilities(2 in top 10)6.6%
- Adani Energy Solutions Ltd3.15%
- Adani Power Ltd2.94%
Industrials5.6%
Consumer Cyclical4.1%
Energy3.7%
Healthcare3.4%
Consumer Defensive2.3%

Sectors marked ▶ expand to show this fund’s top-10 holdings in that sector. Holdings as of 31 Jul 2026. Portfolio turnover 284.7% vs category 425.1% a year.

Other top holdings

HSBC Money Market Dir Gr17.19%
Future on HDFC Bank Ltdderivative5.48%
Future on Canara Bankderivative3.93%
Future on Adani Energy Solutions Ltdderivative3.16%
Future on Adani Power Ltdderivative2.96%

Rows marked derivative are futures positions held against the shares listed beside them. A stock and its future largely cancel, so do not add the two together. Exposure figures are gross: funds that use derivatives (arbitrage, hedged books) hold offsetting positions, so concentration and turnover can read above 100%.

Money in, money out

Net flow, 12 months: +₹341 cr
Net flow, 3 months: +₹423 cr

as of 31 Jul 2026. Flows follow performance more than they predict it.

Quick answers

What is the NAV of HSBC Arbitrage Fund?: ₹21.86 per unit as of 21 Aug 2026 (Direct plan, growth). NAV is declared daily on working days.
What is the expense ratio of HSBC Arbitrage Fund?: 0.22% a year for the Direct plan, as of 30 Jun 2026.
How large is HSBC Arbitrage Fund?: ₹2,998 crore under management as of 31 Jul 2026, in the Arbitrage Fund category.
How risky is HSBC Arbitrage Fund?: Its SEBI Riskometer reading is "Low Risk". Cash-and-futures spreads. Debt-like behaviour, equity taxation.
What are the 5-year returns of HSBC Arbitrage Fund?: 6.54% a year over the last 5 years (Direct plan, CAGR), against a Arbitrage Fund average of 6.59%. Past returns do not predict future returns.
What is the worst 3-year return of HSBC Arbitrage Fund?: 6.3% a year — the weakest of 25 overlapping 3-year holding periods, beginning 2 Aug 2021. The median was 7.4% and 100% of those windows ended positive. Windows overlap, so this is the range of past start dates, not a probability.
Who manages HSBC Arbitrage Fund?: Praveen Ayathan, managing this fund for 12.1 years.

Where this fund sits

Its shelf, all funds

Ar · Arbitrage →

Cash-and-futures spreads. Debt-like behaviour, equity taxation.

The money map

How big this shelf is in India →

The whole industry sized by real money, from AMFI’s monthly data.

Side by side

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Other Arbitrage Fund funds

Data: NYVO research systems; each block above states its own as-of date, and blocks with no data for this fund are omitted rather than estimated. NAV updates daily on working days. The benchmark (NIFTY 50 Arbitrage Index) is named for reference only; its values are licensed and never shown. This page is factual information about one scheme. It is not investment advice, not a recommendation, and it carries no rating of any kind. Past performance does not predict future returns. Mutual fund investments are subject to market risks; read all scheme related documents carefully.