What is the NAV of Nippon India Arbitrage Fund?

₹30.88 per unit as of 21 Aug 2026 (Direct plan, growth). NAV is declared daily on working days.

What is the expense ratio of Nippon India Arbitrage Fund?

0.28% a year for the Direct plan, as of 30 Jun 2026.

How large is Nippon India Arbitrage Fund?

₹16,916 crore under management as of 31 Jul 2026, in the Arbitrage Fund category.

How risky is Nippon India 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 Nippon India Arbitrage Fund?

6.72% 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 Nippon India Arbitrage Fund?

6.5% 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 Nippon India Arbitrage Fund?

Kinjal Desai, managing this fund for 8.2 years.

Nippon India Arbitrage Fund

Nippon India Mutual FundDirectOpen-endedArbitrage FundRiskometer: Low Risk

NAV

₹30.88

as of 21 Aug 2026

Nippon India Arbitrage Fund is an open-ended Arbitrage Fund scheme from Nippon India Mutual Fund managing ₹16,916 crore (as of 31 Jul 2026). Its Direct-plan NAV is ₹30.88 as of 21 Aug 2026. The expense ratio is 0.28% a year. Managed by Kinjal Desai. This page is factual data only — it carries no rating and no recommendation.

Key facts

Expense ratio: 0.28% / yr; as of 30 Jun 2026
Fund size: ₹16,916 crore; as of 31 Jul 2026
Exit load: 0.25%
SIP available: Yes
Launched: 14 Oct 2010
ISIN: INF204K01XZ7

₹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

Nippon India Arbitrage Fund

₹138

+38% 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	1.84%	1.73%	+0.11
6 months	3.15%	3.18%	-0.03
1 year	6.65%	6.54%	+0.11
3 years (CAGR)	7.42%	7.38%	+0.04
5 years (CAGR)	6.72%	6.59%	+0.13

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): 2.09
Sharpe ratio (5Y): 1.52
Sortino ratio (3Y): 4.48 vs category 2.12
Standard deviation (3Y): 0.52%

Where the money actually is

Equity

-0.2%

Bonds

8.6%

Cash

91.6%

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

355 positions · top 10 = 24.4%

Market-cap mix (equity sleeve)

Large 97.4%Mid 26.2%Small 3.7%

as of 30 Jun 2026

Holdings by sector

Financial Services(2 in top 10)23.2%
- HDFC Bank Ltd4.37%
- Axis Bank Ltd2.87%
Basic Materials9.2%
Consumer Cyclical7.6%
Energy(1 in top 10)7.4%
- Reliance Industries Ltd4.58%
Industrials5.3%
Communication Services3.7%
Healthcare3.6%
Utilities2.9%

Sectors marked ▶ expand to show this fund’s top-10 holdings in that sector. Holdings as of 31 Jul 2026. Portfolio turnover 1277.3% vs category 425.1% a year.

Other top holdings

Nippon India Money Market Dir Gr15.56%
Nippon India U/ST Duration Dir Gr7.61%
Future on Reliance Industries Ltdderivativematures 29 Sep 20264.60%
Hdfc Bank Limited_25/08/2026matures 25 Aug 20263.08%
Triparty Repo3.03%
Future on Axis Bank Ltdderivativematures 25 Aug 20262.89%
Future on JSW Steel Ltdderivativematures 25 Aug 20262.04%

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: +₹608 cr
Net flow, 3 months: +₹327 cr

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

Quick answers

What is the NAV of Nippon India Arbitrage Fund?: ₹30.88 per unit as of 21 Aug 2026 (Direct plan, growth). NAV is declared daily on working days.
What is the expense ratio of Nippon India Arbitrage Fund?: 0.28% a year for the Direct plan, as of 30 Jun 2026.
How large is Nippon India Arbitrage Fund?: ₹16,916 crore under management as of 31 Jul 2026, in the Arbitrage Fund category.
How risky is Nippon India 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 Nippon India Arbitrage Fund?: 6.72% 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 Nippon India Arbitrage Fund?: 6.5% 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 Nippon India Arbitrage Fund?: Kinjal Desai, managing this fund for 8.2 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.