LIC MF Arbitrage Fund
NAV
₹15.52
as of 21 Aug 2026
LIC MF Arbitrage Fund is an open-ended Arbitrage Fund scheme from LIC Mutual Fund managing ₹265 crore (as of 31 Jul 2026). Its Direct-plan NAV is ₹15.52 as of 21 Aug 2026. The expense ratio is 1.09% a year. Managed by Pratik Shroff. This page is factual data only — it carries no rating and no recommendation.
Key facts
- Expense ratio
- 1.09% / yr
- as of 30 Jun 2026
- Fund size
- ₹265 crore
- as of 31 Jul 2026
- Exit load
- 0.25%
- SIP available
- Yes
- Launched
- 25 Jan 2019
- ISIN
- INF767K01PP0
₹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
LIC MF 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 | 1.82% | 1.73% | +0.09 |
| 6 months | 3.18% | 3.18% | 0.00 |
| 1 year | 6.59% | 6.54% | +0.05 |
| 3 years (CAGR) | 7.19% | 7.38% | -0.19 |
| 5 years (CAGR) | 6.50% | 6.59% | -0.09 |
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.
A single return number depends on its start date. These are ALL the overlapping holding periods, so the worst case is visible — read that number first.
1-year holding periods
- Worst
- 4.0%
- Median
- 7.1%
- Best
- 8.0%
49 windows over the last 60 months, stepped monthly; 100% ended positive. Worst window began 2 Aug 2021. Windows overlap — this is the range of past start dates, not a probability of anything.
3-year holding periods (per year)
- Worst
- 6.2%
- Median
- 7.2%
- Best
- 7.4%
25 windows over the last 60 months, stepped monthly; 100% ended positive. Worst window began 2 Aug 2021. Windows overlap — this is the range of past start dates, not a probability of anything.
Risk, measured
- Sharpe ratio (3Y)
- 1.87
- Sharpe ratio (5Y)
- 1.10
- Sortino ratio (3Y)
- 4.06 vs category 2.12
- Standard deviation (3Y)
- 0.45%
- Deepest fall (5Y)
- -0.03%
Where the money actually is
Equity
-0.4%
Bonds
5.1%
Cash
95.3%
Other
0.1%
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
79 positions · top 10 = 149.3%
Holdings by sector
Financial Services(2 in top 10)42.1%
- HDFC Bank Ltd10.25%
- State Bank of India7.79%
Basic Materials(1 in top 10)15.8%
- Hindalco Industries Ltd9.47%
- Industrials9.6%
- Communication Services6.9%
- Energy5.2%
- Consumer Cyclical2.9%
- Utilities1.8%
- Consumer Defensive1.6%
Sectors marked ▶ expand to show this fund’s top-10 holdings in that sector. Holdings as of 31 Jul 2026. Portfolio turnover 282.6% vs category 425.1% a year.
Other top holdings
- Net Receivables / (Payables)40.00%
- Treps25.02%
- LIC MF Money Market Dir Gr15.04%
- LIC MF Ultra Short Dur Dir Gr13.98%
- Future on HDFC Bank Ltdderivative10.34%
- Future on Hindalco Industries Ltdderivative9.54%
- Future on State Bank of Indiaderivative7.85%
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
- +₹59 cr
- Net flow, 3 months
- +₹17 cr
as of 31 Jul 2026. Flows follow performance more than they predict it.
Quick answers
- What is the NAV of LIC MF Arbitrage Fund?
- ₹15.52 per unit as of 21 Aug 2026 (Direct plan, growth). NAV is declared daily on working days.
- What is the expense ratio of LIC MF Arbitrage Fund?
- 1.09% a year for the Direct plan, as of 30 Jun 2026.
- How large is LIC MF Arbitrage Fund?
- ₹265 crore under management as of 31 Jul 2026, in the Arbitrage Fund category.
- How risky is LIC MF 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 LIC MF Arbitrage Fund?
- 6.50% 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 LIC MF Arbitrage Fund?
- 6.2% a year — the weakest of 25 overlapping 3-year holding periods, beginning 2 Aug 2021. The median was 7.2% and 100% of those windows ended positive. Windows overlap, so this is the range of past start dates, not a probability.
- Who manages LIC MF Arbitrage Fund?
- Pratik Shroff, managing this fund for 2.9 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.