What is the NAV of SBI Arbitrage Opportunities Fund - Direct Plan - Gr?

₹38.99 per unit as of 19 Oct 2026 (Direct plan, growth). NAV is declared daily on working days.

What is the expense ratio of SBI Arbitrage Opportunities Fund - Direct Plan - Gr?

1.46% a year for the Direct plan, as of 31 Aug 2026.

How large is SBI Arbitrage Opportunities Fund - Direct Plan - Gr?

₹46,309 crore under management as of 30 Sept 2026, in the Arbitrage Fund category.

How risky is SBI Arbitrage Opportunities Fund - Direct Plan - Gr?

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

What are the 5-year returns of SBI Arbitrage Opportunities Fund - Direct Plan - Gr?

6.83% a year over the last 5 years (Direct plan, CAGR), against a Arbitrage Fund average of 6.71%. Past returns do not predict future returns.

What is the worst 3-year return of SBI Arbitrage Opportunities Fund - Direct Plan - Gr?

6.8% 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 SBI Arbitrage Opportunities Fund - Direct Plan - Gr?

Neeraj Kumar, managing this fund for 14 years.

SBI Arbitrage Opportunities Fund - Direct Plan - Gr

SBI Mutual FundDirectOpen-endedArbitrage FundRiskometer: Low Risk

NAV

₹38.99

as of 19 Oct 2026

SBI Arbitrage Opportunities Fund - Direct Plan - Gr is an open-ended Arbitrage Fund scheme from SBI Mutual Fund managing ₹46,309 crore (as of 30 Sept 2026). Its Direct-plan NAV is ₹38.99 as of 19 Oct 2026. The expense ratio is 1.46% a year. Managed by Neeraj Kumar. This page is factual data only – it carries no rating and no recommendation.

Key facts

Expense ratio: 1.46% / yr; as of 31 Aug 2026
Fund size: ₹46,309 crore; as of 30 Sept 2026
Exit load: 0.25%
SIP available: Yes
Launched: 3 Nov 2006
ISIN: INF200K01QU0

₹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 19 Oct 2026Benchmark: NIFTY 50 Arbitrage Index

Oct 2021Oct 2026

SBI Arbitrage Opportunities Fund - Direct Plan - Gr

₹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	1.44%	1.54%	-0.10
6 months	2.98%	3.13%	-0.15
1 year	6.48%	6.56%	-0.08
3 years (CAGR)	7.21%	7.26%	-0.05
5 years (CAGR)	6.83%	6.71%	+0.12

Category average across 32 funds, as of 19 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): 1.59
Sortino ratio (3Y): 3.98 vs category 1.66
Standard deviation (3Y): 0.49%

Where the money actually is

Equity

0.1%

Bonds

0.7%

Cash

99.2%

Other

0.0%

Whole-portfolio split, as of 30 Sept 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

396 positions · top 10 = 14.2%

Holdings by sector

Financial Services(3 in top 10)27.8%
- HDFC Bank Ltd4.92%
- State Bank of India3.68%
- ICICI Bank Ltd2.75%
Energy(1 in top 10)8.9%
- Reliance Industries Ltd5.58%
Industrials7.7%
Basic Materials7.2%
Consumer Cyclical5.7%
Communication Services4.5%
Utilities4.4%
Consumer Defensive4.0%

Sectors marked ▶ expand to show this fund’s top-10 holdings in that sector. Holdings as of 30 Sept 2026. Portfolio turnover 189.3% vs category 289.5% a year.

Other top holdings

SBI Liquid Dir Gr7.25%
SBI Money Market Dir Gr7.06%
Future on Reliance Industries Ltdderivativematures 27 Oct 20265.61%
Future on HDFC Bank Ltdderivativematures 27 Oct 20264.96%
Future on State Bank of Indiaderivativematures 27 Oct 20263.71%
Future on ICICI Bank Ltdderivativematures 27 Oct 20262.77%

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: 6.45% vs category 6.33%
Modified duration: 77 days vs category 0.45 yrs
Average maturity: 0.25 yrs vs category 0.53 yrs
Government securities: 2.1%

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 Sept 2026.

Portfolio characteristics as of 30 Sept 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: +₹4,553 cr
Net flow, 3 months: −₹302 cr

as of 30 Sept 2026. Flows follow performance more than they predict it.

Quick answers

What is the NAV of SBI Arbitrage Opportunities Fund - Direct Plan - Gr?: ₹38.99 per unit as of 19 Oct 2026 (Direct plan, growth). NAV is declared daily on working days.
What is the expense ratio of SBI Arbitrage Opportunities Fund - Direct Plan - Gr?: 1.46% a year for the Direct plan, as of 31 Aug 2026.
How large is SBI Arbitrage Opportunities Fund - Direct Plan - Gr?: ₹46,309 crore under management as of 30 Sept 2026, in the Arbitrage Fund category.
How risky is SBI Arbitrage Opportunities Fund - Direct Plan - Gr?: Its SEBI Riskometer reading is "Low Risk". Cash-and-futures spreads. Debt-like behaviour, equity taxation.
What are the 5-year returns of SBI Arbitrage Opportunities Fund - Direct Plan - Gr?: 6.83% a year over the last 5 years (Direct plan, CAGR), against a Arbitrage Fund average of 6.71%. Past returns do not predict future returns.
What is the worst 3-year return of SBI Arbitrage Opportunities Fund - Direct Plan - Gr?: 6.8% 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 SBI Arbitrage Opportunities Fund - Direct Plan - Gr?: Neeraj Kumar, managing this fund for 14 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.