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ICICI Prudential Equity Arbitrage Fund

ICICI Prudential Mutual FundDirectOpen-endedArbitrage FundRiskometer: Low Risk

NAV

₹39.59

as of 21 Aug 2026

ICICI Prudential Equity Arbitrage Fund is an open-ended Arbitrage Fund scheme from ICICI Prudential Mutual Fund managing ₹34,180 crore (as of 31 Jul 2026). Its Direct-plan NAV is ₹39.59 as of 21 Aug 2026. The expense ratio is 0.34% a year. Managed by Nikhil Kabra. This page is factual data only — it carries no rating and no recommendation.

Key facts

Expense ratio
0.34% / yr
as of 30 Jun 2026
Fund size
₹34,180 crore
as of 31 Jul 2026
Exit load
0.25%
SIP available
Yes
Launched
30 Dec 2006
ISIN
INF109K016O4

₹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
Growth of ₹100, ICICI Prudential Equity Arbitrage Fund versus Arbitrage Fund average.

ICICI Prudential Equity Arbitrage Fund

₹138

+38% on ₹100 over 5.0 yrs

Arbitrage Fund average

₹132

+32% on ₹100 over 5.0 yrs

Returns vs category

WindowFundCategory avgGap
3 months1.81%1.73%+0.08
6 months3.10%3.18%-0.08
1 year6.53%6.54%-0.01
3 years (CAGR)7.43%7.38%+0.05
5 years (CAGR)6.66%6.59%+0.07

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)
2.05
Sharpe ratio (5Y)
1.34
Sortino ratio (3Y)
4.23 vs category 2.12
Standard deviation (3Y)
0.54%

Where the money actually is

Equity

-0.3%

Bonds

5.7%

Cash

94.6%

Other

0.0%

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

371 positions · top 10 = 47.5%

Holdings by sector

  • Financial Services(1 in top 10)21.1%
    • Axis Bank Ltd3.05%
  • Basic Materials8.8%
  • Communication Services(2 in top 10)8.3%
    • Bharti Airtel Ltd4.31%
    • Vodafone Idea Ltd3.28%
  • Industrials7.0%
  • Energy(1 in top 10)6.1%
    • Reliance Industries Ltd3.61%
  • Utilities5.2%
  • Healthcare5.0%
  • Consumer Cyclical4.5%

Sectors marked ▶ expand to show this fund’s top-10 holdings in that sector. Holdings as of 31 Jul 2026. Portfolio turnover 138.9% vs category 425.1% a year.

Other top holdings

  • ICICI Pru Money Market Dir Gr15.41%
  • Future on Bharti Airtel Ltdderivative4.32%
  • Future on Reliance Industries Ltdderivative3.63%
  • Treps3.54%
  • Future on Vodafone Idea Ltdderivative3.30%
  • Future on Axis Bank Ltdderivative3.08%

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%.

The debt it holds (debt sleeve)

Yield to maturity
6.56% vs category 6.33%
Modified duration
0.43 yrs vs category 0.45 yrs
Average maturity
0.46 yrs vs category 0.53 yrs
Government securities
5.0%

Credit quality

AAA
100.0%

Government securities are counted inside AAA by the data provider’s ladder; the sovereign share is listed separately above. Credit quality as of 30 Jun 2026.

Portfolio characteristics as of 31 Jul 2026. Yield to maturity is what the portfolio would return if every holding were held to maturity and paid in full. It is not a forecast of the fund’s return, and it is quoted before expenses.

Money in, money out

Net flow, 12 months
+₹759 cr
Net flow, 3 months
+₹1,361 cr

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

Quick answers

What is the NAV of ICICI Prudential Equity Arbitrage Fund?
₹39.59 per unit as of 21 Aug 2026 (Direct plan, growth). NAV is declared daily on working days.
What is the expense ratio of ICICI Prudential Equity Arbitrage Fund?
0.34% a year for the Direct plan, as of 30 Jun 2026.
How large is ICICI Prudential Equity Arbitrage Fund?
₹34,180 crore under management as of 31 Jul 2026, in the Arbitrage Fund category.
How risky is ICICI Prudential Equity 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 ICICI Prudential Equity Arbitrage Fund?
6.66% 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 ICICI Prudential Equity Arbitrage Fund?
6.4% a year — the weakest of 25 overlapping 3-year holding periods, beginning 2 Aug 2021. The median was 7.5% and 100% of those windows ended positive. Windows overlap, so this is the range of past start dates, not a probability.
Who manages ICICI Prudential Equity Arbitrage Fund?
Nikhil Kabra, managing this fund for 5.6 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

Compare this fund →

Put it next to any other fund — growth, returns, risk and cost in one table.

One bet or two?

Check its overlap →

See whether it owns the same stocks as your other funds.

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.