What is the NAV of Nippon India Arbitrage Fund?

₹31.11 per unit as of 6 Oct 2026 (Direct plan, growth). NAV is declared daily on working days.

What is the expense ratio of Nippon India Arbitrage Fund?

1.37% a year for the Direct plan, as of 31 Aug 2026.

How large is Nippon India Arbitrage Fund?

₹17,533 crore under management as of 31 Aug 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?

6.83% a year over the last 5 years (Direct plan, CAGR), against a Arbitrage Fund average of 6.72%. Past returns do not predict future returns.

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

6.7% a year – the weakest of 25 overlapping 3-year holding periods, beginning 1 Oct 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 8.3 years.

Nippon India Arbitrage Fund

Nippon India Mutual FundDirectOpen-endedArbitrage FundRiskometer: Low Risk

NAV

₹31.11

as of 6 Oct 2026

Nippon India Arbitrage Fund is an open-ended Arbitrage Fund scheme from Nippon India Mutual Fund managing ₹17,533 crore (as of 31 Aug 2026). Its Direct-plan NAV is ₹31.11 as of 6 Oct 2026. The expense ratio is 1.37% a year. Managed by Kinjal Desai. This page is factual data only – it carries no rating and no recommendation.

Key facts

Expense ratio: 1.37% / yr; as of 31 Aug 2026
Fund size: ₹17,533 crore; as of 31 Aug 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 5 Oct 2026Benchmark: NIFTY 50 Arbitrage Index

Oct 2021Oct 2026

Nippon India Arbitrage Fund

₹139

+39% on ₹100 over 5.0 yrs

Arbitrage Fund average

₹133

+33% on ₹100 over 5.0 yrs

Returns vs category

Window	Fund	Category avg	Gap
3 months	1.49%	1.56%	-0.07
6 months	3.26%	3.26%	0.00
1 year	6.79%	6.72%	+0.07
3 years (CAGR)	7.30%	7.27%	+0.03
5 years (CAGR)	6.83%	6.72%	+0.11

Category average across 33 funds, as of 5 Oct 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): 1.96
Sharpe ratio (5Y): 1.47
Sortino ratio (3Y): 4.14 vs category 1.76
Standard deviation (3Y): 0.51%

Where the money actually is

Equity

-0.4%

Bonds

8.1%

Cash

92.2%

Other

0.1%

Whole-portfolio split, as of 31 Aug 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

354 positions · top 10 = 22.4%

Market-cap mix (equity sleeve)

Large 97.4%Mid 26.2%Small 3.7%

as of 30 Jun 2026

Holdings by sector

Financial Services(3 in top 10)25.1%
- HDFC Bank Ltd4.46%
- Axis Bank Ltd3.03%
- State Bank of India2.14%
Basic Materials9.6%
Energy(1 in top 10)7.1%
- Reliance Industries Ltd4.21%
Consumer Cyclical5.8%
Industrials5.4%
Communication Services3.9%
Healthcare3.4%
Utilities2.9%

Sectors marked ▶ expand to show this fund’s top-10 holdings in that sector. Holdings as of 31 Aug 2026. Portfolio turnover 1201.1% vs category 293.4% a year.

Other top holdings

Nippon India Money Market Dir Gr15.10%
Nippon India U/ST Term Dir Gr7.38%
Future on HDFC Bank Ltd Cedearderivativematures 27 Oct 20264.52%
Future on Reliance Industries Ltdderivativematures 29 Sep 20264.29%
Triparty Repo3.65%
Future on Axis Bank Ltdderivativematures 29 Sep 20262.96%

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: +₹1,096 cr
Net flow, 3 months: +₹1,036 cr

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

Quick answers

What is the NAV of Nippon India Arbitrage Fund?: ₹31.11 per unit as of 6 Oct 2026 (Direct plan, growth). NAV is declared daily on working days.
What is the expense ratio of Nippon India Arbitrage Fund?: 1.37% a year for the Direct plan, as of 31 Aug 2026.
How large is Nippon India Arbitrage Fund?: ₹17,533 crore under management as of 31 Aug 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?: 6.83% a year over the last 5 years (Direct plan, CAGR), against a Arbitrage Fund average of 6.72%. Past returns do not predict future returns.
What is the worst 3-year return of Nippon India Arbitrage Fund?: 6.7% a year – the weakest of 25 overlapping 3-year holding periods, beginning 1 Oct 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 8.3 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.