Bank of India Arbitrage Fund
- NAV as on 9 Nov 2026
- ₹14.87-0.01%1 day
- Return since launch
- 4.8%
- 52-week range
- ₹14.04 — ₹14.88
- AUM
- ₹123 Cr
Bank of India Arbitrage Fund is a Arbitrage hybrid fund from Bank of India Mutual Fund with ₹123 Cr under management, launched in 2018. Over three years it has returned 6.0% a year, against 6.5% for its category. The expense ratio is 2.82% and the SEBI riskometer reading is Low.
Performance
Bank of India Arbitrage Fund NAV and returns
Growth of the fund against its category average over the period you pick.
Over 1Y this fund returned +5.9% against +6.0% for its category.
Performance
Returns
How the fund has done against its category and its benchmark.
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1Y | 5.9% | 0.0 pts | 6.0% | 5.9% |
| 2Y | 5.8% | −0.1 pts | 5.9% | 6.0% |
| 3Y | 6.0% | −0.5 pts | 6.5% | 6.2% |
| 5Y | 6.0% | 0.0 pts | 6.0% | 6.4% |
| 7Y | 5.4% | −0.5 pts | 6.0% | 6.0% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | 0.4% | 0.0 pts | 0.4% | 0.4% |
| 3M | 1.6% | +0.2 pts | 1.4% | 1.4% |
| 6M | 2.9% | 0.0 pts | 2.9% | 2.9% |
| 1Y | 6.0% | 0.0 pts | 6.0% | 6.0% |
| 2Y | 5.9% | −0.2 pts | 6.1% | 6.1% |
| 3Y | 6.2% | −0.3 pts | 6.5% | 6.5% |
| 5Y | 5.5% | −0.5 pts | 6.0% | 6.0% |
| 7Y | 4.7% | −0.7 pts | 5.4% | 5.4% |
Since launch (31 May 2018): 4.8%
Calendar-year returns
Category averageShow as a table
| Period | Fund | vs category | Category |
|---|---|---|---|
| 2025 | 5.9% | −0.9 pts | 6.9% |
| 2024 | 6.9% | −1.1 pts | 8.0% |
| 2023 | 6.3% | −1.4 pts | 7.6% |
| 2022 | 3.0% | −1.7 pts | 4.6% |
| 2021 | 2.2% | −1.9 pts | 4.1% |
| 2020 | 3.2% | −1.5 pts | 4.7% |
Returns over one year are annualised. Shorter periods are absolute.
Costs & terms
Costs and terms
What the fund charges each year, and the rules around putting money in and taking it out.
Costs
2.85%
Expense ratio as on 6 Nov 2026
Charged yearly and already deducted from the NAV.
- Base expense
- 0.88%
- Brokerage
- 0.40%
- Transaction charges
- 0.17%
- Statutory levies
- 1.40%
- Exit load
- Exit load of 0.50%, if redeemed within 15 days.
- Lock-in
- None
Terms
- Min SIP
- ₹3,000
- Min lumpsum
- ₹5,000
- Plan
- GROWTH
- Fund type
- OPEN-ENDED
- Benchmark
- NIFTY 50 Arbitrage TRI
- Short-term capital gains
- Returns taxed at 20% if you redeem before 1 year
- Long-term capital gains
- After 1 year, returns above ₹1.25 lakh in a financial year are taxed at 12.5%
Risk
Risk
What the riskometer means for this fund, and how its ratios sit against the category.
Your principal is treated as being at low risk — typically overnight and very short duration debt schemes.
| Ratio | Fund | Category avg | Read as |
|---|---|---|---|
| Alpha | — | — | Return earned above what the benchmark alone would have given. Higher is better. |
| Beta | — | 0.59 | How hard the fund moves when the market moves. Under 1 is steadier than the market. |
| Sharpe | 0.93 | 1.91 | Return earned for each unit of total risk taken. Higher is better. |
| Sortino | 0.93 | 2.46 | Return earned for each unit of downside risk. Higher is better. |
| Std. deviation | 0.50 | 0.51 | How widely monthly returns have varied around their own average. Lower is steadier. |
| Average of 4 category peers | |||
Portfolio
Bank of India Arbitrage Fund portfolio
Portfolio as of 30 Sep 2026
Asset allocation
- Debt18.3%
- Other82.0%
Market cap split
- Large82.1%
- Mid16.7%
- Small1.3%
- P/E
- 10.45
- P/B
- 1.67
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| Others | Others | 84.17% | ₹93.22 Cr | +149.36% | +160.08% | +143.02% |
| Bank of India Liquid Fund Direct-Growth | Unclassified | 12.10% | ₹13.41 Cr | +12.84% | +13.47% | +17.37% |
| Reserve Bank of India | Financial | 1.35% | ₹1.50 Cr | +1.03% | +2.00% | +1.49% |
| Steel Authority Of India Ltd. | Metals & Mining | 0.08% | ₹0.09 Cr | — | — | — |
| Vedanta Ltd. | Metals & Mining | 0.02% | ₹0.02 Cr | -3.94% | — | — |
| Apollo Hospitals Enterprise Ltd. | Healthcare | 0.01% | ₹0.01 Cr | — | — | — |
| Ambuja Cements Ltd. | Materials | 0.00% | ₹-0.00 Cr | -8.32% | -0.76% | -1.12% |
| Axis Bank Ltd. | Financial | 0.00% | ₹-0.00 Cr | -3.18% | -5.86% | -5.98% |
| Hindustan Unilever Ltd. | Consumer Staples | 0.00% | ₹-0.00 Cr | — | — | -0.70% |
| Kotak Mahindra Bank Ltd. | Financial | 0.00% | ₹0.00 Cr | -3.64% | -4.12% | -7.12% |
| UPL Ltd. | Chemicals | 0.00% | ₹0.00 Cr | -5.84% | -6.20% | — |
| Ultratech Cement Ltd. | Materials | 0.00% | ₹0.00 Cr | — | — | — |
| Bharat Forge Ltd. | Automobile | -0.01% | ₹-0.01 Cr | — | — | — |
| Reliance Industries Ltd. | Energy | -0.01% | ₹-0.01 Cr | — | — | -9.30% |
| Samvardhana Motherson International Ltd. | Automobile | -0.01% | ₹-0.01 Cr | — | — | — |
| Vodafone Idea Ltd. | Communication | -0.01% | ₹-0.01 Cr | — | — | — |
| Aurobindo Pharma Ltd. | Healthcare | -0.01% | ₹-0.01 Cr | — | — | — |
| Biocon Ltd. | Healthcare | -0.01% | ₹-0.01 Cr | — | — | — |
| Computer Age Management Services Ltd. | Services | -0.01% | ₹-0.01 Cr | — | — | — |
| Container Corporation Of India Ltd. | Services | -0.01% | ₹-0.01 Cr | — | — | — |
| Divi's Laboratories Ltd. | Healthcare | -0.01% | ₹-0.01 Cr | -1.94% | — | — |
| Godrej Properties Ltd. | Construction | -0.01% | ₹-0.00 Cr | -4.32% | -3.62% | -5.10% |
| Bajaj Finance Ltd. | Financial | -0.02% | ₹-0.02 Cr | -2.54% | — | -1.76% |
| Power Finance Corporation Ltd. | Financial | -0.02% | ₹-0.03 Cr | — | — | — |
| State Bank of India | Financial | -0.02% | ₹-0.02 Cr | -4.22% | — | -3.38% |
| Bank Of Baroda | Financial | -0.03% | ₹-0.04 Cr | -2.02% | -3.90% | -5.34% |
| JSW Steel Ltd. | Metals & Mining | -0.03% | ₹-0.03 Cr | -5.88% | -8.14% | -8.70% |
| HDFC Bank Ltd. | Financial | -0.04% | ₹-0.05 Cr | -4.80% | -9.22% | — |
| Canara Bank | Financial | -0.05% | ₹-0.06 Cr | -5.72% | — | — |
| Tata Steel Ltd. | Metals & Mining | -0.05% | ₹-0.06 Cr | -6.10% | — | -2.62% |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| company:1588 | -3.72% | 0.00% | +3.72% |
| company:5500 | 3.63% | 0.00% | -3.63% |
| Others | 77.36% | 80.56% | +3.20% |
| Bank of India Liquid Fund Direct-Growth | 14.42% | 12.10% | -2.32% |
| Aurobindo Pharma Ltd. | 0.00% | -1.75% | -1.75% |
| company:1471 | -1.44% | 0.00% | +1.44% |
| HDFC Bank Ltd. | -6.28% | -4.91% | +1.37% |
| Axis Bank Ltd. | -3.32% | -2.08% | +1.24% |
| JSW Steel Ltd. | -1.74% | -2.93% | -1.19% |
| Tata Steel Ltd. | -4.81% | -5.91% | -1.10% |
| Apollo Hospitals Enterprise Ltd. | -0.75% | -1.74% | -0.99% |
| Bajaj Finance Ltd. | -1.80% | -2.75% | -0.95% |
| company:728 | -0.95% | 0.00% | +0.95% |
| Computer Age Management Services Ltd. | 0.00% | -0.91% | -0.91% |
| Canara Bank | -5.11% | -5.87% | -0.76% |
| company:5655 | -0.61% | 0.00% | +0.61% |
| Bank Of Baroda | -3.44% | -4.05% | -0.61% |
| Kotak Mahindra Bank Ltd. | -3.12% | -3.69% | -0.57% |
| Hindustan Unilever Ltd. | -2.21% | -1.68% | +0.53% |
| Bharat Forge Ltd. | -2.91% | -2.44% | +0.47% |
| Samvardhana Motherson International Ltd. | -2.53% | -3.00% | -0.47% |
| Container Corporation Of India Ltd. | -1.49% | -1.02% | +0.47% |
| company:5722 | -0.40% | 0.00% | +0.40% |
| Power Finance Corporation Ltd. | -2.50% | -2.85% | -0.35% |
| Reliance Industries Ltd. | -2.96% | -3.28% | -0.32% |
| Divi's Laboratories Ltd. | -1.38% | -1.69% | -0.31% |
| Steel Authority Of India Ltd. | -3.70% | -4.00% | -0.30% |
| company:809 | -0.28% | 0.00% | +0.28% |
| Vodafone Idea Ltd. | -3.85% | -4.10% | -0.25% |
| Reserve Bank of India | 1.11% | 1.35% | +0.24% |
| State Bank of India | -1.95% | -2.16% | -0.21% |
| Vedanta Ltd. | -4.43% | -4.60% | -0.17% |
| Ambuja Cements Ltd. | -1.42% | -1.26% | +0.16% |
| UPL Ltd. | -0.98% | -1.12% | -0.14% |
| Biocon Ltd. | -0.99% | -1.10% | -0.11% |
| company:1308 | -0.06% | 0.00% | +0.06% |
| company:12877 | -0.05% | 0.00% | +0.05% |
| Ultratech Cement Ltd. | -0.09% | -0.10% | -0.01% |
| Godrej Properties Ltd. | -0.39% | -0.39% | 0.00% |
Compare
Similar funds
The rest of the category, so this fund’s numbers have something to sit against.
| Fund | AUM | Expense | 1Y | 3Y | 5Y |
|---|---|---|---|---|---|
| Category average | ₹39,745 Cr | 2.36% | 6.0% | 6.4% | 6.6% |
 Kotak Arbitrage Fund | ₹75,275 Cr | 2.86% | 6.0% | 6.4% | 6.6% |
 SBI Arbitrage Fund | ₹46,252 Cr | 1.95% | 6.0% | 6.3% | 6.6% |
 Invesco India Arbitrage Fund | ₹26,552 Cr | 2.82% | 6.1% | 6.4% | 6.6% |
 UTI Arbitrage Fund | ₹10,900 Cr | 1.80% | 5.9% | 6.3% | 6.5% |
About
About this fund
The scheme’s own words, its benchmark and the people running it.
Investment objective
The scheme seeks to generate income through arbitrage opportunities between cash and derivative segments of the equity market and arbitrage opportunities within the derivative segment and by deployment of surplus cash in debt securities and money market instruments.
Fund managers
- Nilesh JethaniMr. Jethani has done Bachelor of Financial Markets from HR College and Postgraduate Program in Global Financial Markets from BSE Institute Ltd.Prior to joining Bank of India Mutual Fund, he has worked with HDFC Securities, HDFC Bank, and ASK Investment Managers
Tools
Return calculator
What ₹10,000 a month in this fund would have grown to over each period, based on its past returns.
| Over the past | Total investment | Would’ve become | Growth | Returns |
|---|---|---|---|---|
| 6 months2.90% absolute | ₹60,000 | ₹61,740 | 2.90% | |
| 1 year5.95% annualised | ₹1,20,000 | ₹1,23,939 | 3.28% | |
| 3 years6.21% annualised | ₹3,60,000 | ₹3,96,641 | 10.18% | |
| 5 years5.46% annualised | ₹6,00,000 | ₹6,91,234 | 15.21% |
Returns for 1 year and longer are annualised (CAGR); 6-month figures are absolute. Past returns are not a forecast.
How this is calculated
Each monthly instalment grows at the fund’s annualised return ÷ 12 per month until the end of the period, the same formula as our SIP calculator.
The amount compounds once a year at the fund’s CAGR for that period, the same formula as our lumpsum calculator.
Questions
Frequently asked questions
The things people ask about this scheme.