Bank of India Arbitrage Fund
- NAV as on 25 Sep 2026
- ₹14.74+0.14%1 day
- Return since launch
- 4.8%
- 52-week range
- ₹13.95 — ₹14.74
- AUM
- ₹134 Cr
Bank of India Arbitrage Fund is a Arbitrage hybrid fund from Bank of India Mutual Fund with ₹134 Cr under management, launched in 2018. Over three years it has returned 5.9% a year, against 6.5% for its category. The expense ratio is 2.93% 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 +5.6% 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 | 5.7% | −0.2 pts | 5.9% | 6.0% |
| 2Y | 5.7% | −0.3 pts | 6.0% | 6.0% |
| 3Y | 5.9% | −0.6 pts | 6.5% | 6.3% |
| 5Y | 5.9% | 0.0 pts | 5.9% | 6.4% |
| 7Y | 5.3% | −0.6 pts | 5.9% | 6.0% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | 0.7% | +0.1 pts | 0.7% | 0.5% |
| 3M | 1.4% | 0.0 pts | 1.4% | 1.4% |
| 6M | 2.6% | −0.2 pts | 2.7% | 2.8% |
| 1Y | 5.6% | −0.3 pts | 5.9% | 6.0% |
| 2Y | 5.9% | −0.3 pts | 6.2% | 6.3% |
| 3Y | 6.2% | −0.3 pts | 6.5% | 6.6% |
| 5Y | 5.3% | −0.6 pts | 5.9% | 6.0% |
| 7Y | 4.6% | −0.8 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
2.86%
Expense ratio as on 25 Sep 2026
Charged yearly and already deducted from the NAV.
- Base expense
- 0.88%
- Brokerage
- 0.37%
- Transaction charges
- 0.16%
- Statutory levies
- 1.45%
- 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 | — | 0.61 | How hard the fund moves when the market moves. Under 1 is steadier than the market. |
| Sharpe | 0.59 | 1.84 | Return earned for each unit of total risk taken. Higher is better. |
| Sortino | 0.57 | 2.27 | Return earned for each unit of downside risk. Higher is better. |
| Std. deviation | 0.49 | 0.52 | 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 31 Aug 2026
Asset allocation
- Debt21.4%
- Other79.2%
Market cap split
- Large83.4%
- Mid16.6%
- P/E
- 11.48
- P/B
- 1.84
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| Others | Others | 78.82% | ₹106 Cr | +162.64% | +158.48% | +132.58% |
| Bank of India Liquid Fund Direct-Growth | Unclassified | 14.42% | ₹19.33 Cr | +12.58% | +12.22% | +16.07% |
| Punjab National Bank | Financial | 3.63% | ₹4.86 Cr | -1.59% | -1.90% | -1.59% |
| Reserve Bank of India | Financial | 1.11% | ₹1.49 Cr | +1.02% | +1.81% | +1.38% |
| Axis Bank Ltd. | Financial | 0.08% | ₹0.10 Cr | — | -6.38% | -5.14% |
| company:507 | Automobile | 0.07% | ₹0.10 Cr | — | — | — |
| Samvardhana Motherson International Ltd. | Automobile | 0.05% | ₹0.07 Cr | — | — | — |
| Tata Steel Ltd. | Metals & Mining | 0.03% | ₹0.04 Cr | — | — | -2.22% |
| Divi's Laboratories Ltd. | Healthcare | 0.03% | ₹0.04 Cr | — | — | — |
| Biocon Ltd. | Healthcare | 0.01% | ₹0.02 Cr | — | — | — |
| State Bank of India | Financial | 0.01% | ₹0.02 Cr | — | — | -2.88% |
| company:5655 | Financial | 0.01% | ₹0.01 Cr | — | — | — |
| CG Power and Industrial Solutions Ltd. | Capital Goods | 0.01% | ₹0.01 Cr | — | — | -6.18% |
| Apollo Hospitals Enterprise Ltd. | Healthcare | 0.00% | ₹-0.00 Cr | — | — | — |
| Bank Of Baroda | Financial | 0.00% | ₹0.00 Cr | -1.96% | -4.62% | -4.44% |
| Canara Bank | Financial | 0.00% | ₹0.00 Cr | -5.90% | — | — |
| Godrej Properties Ltd. | Construction | 0.00% | ₹0.00 Cr | -4.06% | -3.90% | -4.66% |
| Grasim Industries Ltd. | Materials | 0.00% | ₹0.00 Cr | -5.54% | -8.88% | -3.32% |
| Indus Towers Ltd. | Communication | 0.00% | ₹0.00 Cr | — | -6.02% | — |
| Ultratech Cement Ltd. | Materials | 0.00% | ₹-0.00 Cr | — | — | — |
| Bharti Airtel Ltd. | Communication | -0.01% | ₹-0.02 Cr | -5.42% | -5.48% | -6.26% |
| Cipla Ltd. | Healthcare | -0.01% | ₹-0.01 Cr | — | — | — |
| UPL Ltd. | Chemicals | -0.01% | ₹-0.01 Cr | -6.54% | -6.34% | — |
| company:773 | Services | -0.01% | ₹-0.02 Cr | — | — | — |
| Ambuja Cements Ltd. | Materials | -0.02% | ₹-0.02 Cr | — | -0.86% | -1.04% |
| Bajaj Finance Ltd. | Financial | -0.03% | ₹-0.03 Cr | — | -1.84% | -1.44% |
| JSW Steel Ltd. | Metals & Mining | -0.03% | ₹-0.03 Cr | -12.24% | -8.38% | -7.26% |
| Vedanta Ltd. | Metals & Mining | -0.04% | ₹-0.05 Cr | — | — | — |
| company:1471 | Automobile | -0.04% | ₹-0.05 Cr | — | — | — |
| Hindustan Unilever Ltd. | Consumer Staples | -0.05% | ₹-0.06 Cr | — | — | -0.70% |
| Reliance Industries Ltd. | Energy | -0.05% | ₹-0.07 Cr | — | — | -8.58% |
| Kotak Mahindra Bank Ltd. | Financial | -0.05% | ₹-0.07 Cr | -4.16% | -4.42% | -6.50% |
| HDFC Bank Ltd. | Financial | -0.06% | ₹-0.07 Cr | -6.22% | — | — |
| Steel Authority Of India Ltd. | Metals & Mining | -0.08% | ₹-0.10 Cr | — | — | — |
| company:4907 | Financial | -0.09% | ₹-0.12 Cr | — | — | — |
| Vodafone Idea Ltd. | Communication | -0.10% | ₹-0.14 Cr | — | — | — |
| ITC Ltd. | Consumer Staples | -0.14% | ₹-0.18 Cr | -6.70% | -5.14% | — |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| Punjab National Bank | -0.07% | 3.63% | +3.70% |
| HDFC Bank Ltd. | -3.06% | -6.28% | -3.22% |
| company:507 | 0.00% | -2.91% | -2.91% |
| company:4907 | 0.00% | -2.50% | -2.50% |
| Divi's Laboratories Ltd. | -3.75% | -1.38% | +2.37% |
| Tata Steel Ltd. | -2.66% | -4.81% | -2.15% |
| National Aluminium Company Ltd. | -2.03% | 0.00% | +2.03% |
| Others | 75.37% | 77.36% | +1.99% |
| Bajaj Finance Ltd. | -3.67% | -1.80% | +1.87% |
| State Bank of India | -3.59% | -1.95% | +1.64% |
| company:773 | 0.00% | -1.49% | -1.49% |
| company:1471 | 0.00% | -1.44% | -1.44% |
| Indian Bank | -1.42% | 0.00% | +1.42% |
| Axis Bank Ltd. | -2.27% | -3.32% | -1.05% |
| Hindustan Unilever Ltd. | -3.12% | -2.21% | +0.91% |
| JSW Steel Ltd. | -2.60% | -1.74% | +0.86% |
| ICICI Prudential Life Insurance Company Ltd. | -0.85% | 0.00% | +0.85% |
| Grasim Industries Ltd. | -0.86% | -0.06% | +0.80% |
| Bharti Airtel Ltd. | -1.11% | -0.40% | +0.71% |
| HDFC Life Insurance Co Ltd. | -0.63% | 0.00% | +0.63% |
| company:5655 | 0.00% | -0.61% | -0.61% |
| Info Edge (India) Ltd. | -0.60% | 0.00% | +0.60% |
| Steel Authority Of India Ltd. | -3.11% | -3.70% | -0.59% |
| CG Power and Industrial Solutions Ltd. | -0.76% | -0.28% | +0.48% |
| Vodafone Idea Ltd. | -3.37% | -3.85% | -0.48% |
| Petronet LNG Ltd. | -0.31% | 0.00% | +0.31% |
| Vedanta Ltd. | -4.14% | -4.43% | -0.29% |
| Biocon Ltd. | -0.71% | -0.99% | -0.28% |
| Bank of India Liquid Fund Direct-Growth | 14.15% | 14.42% | +0.27% |
| Samvardhana Motherson International Ltd. | -2.27% | -2.53% | -0.26% |
| Reliance Industries Ltd. | -3.19% | -2.96% | +0.23% |
| ITC Ltd. | -3.90% | -3.72% | +0.18% |
| Ultratech Cement Ltd. | -0.26% | -0.09% | +0.17% |
| Canara Bank | -4.98% | -5.11% | -0.13% |
| UPL Ltd. | -1.09% | -0.98% | +0.11% |
| Kotak Mahindra Bank Ltd. | -3.23% | -3.12% | +0.11% |
| Jindal Steel Ltd. | -0.10% | 0.00% | +0.10% |
| Ambuja Cements Ltd. | -1.50% | -1.42% | +0.08% |
| Bank Of Baroda | -3.47% | -3.44% | +0.03% |
| Cipla Ltd. | -0.97% | -0.95% | +0.02% |
| Reserve Bank of India | 1.09% | 1.11% | +0.02% |
| Apollo Hospitals Enterprise Ltd. | -0.74% | -0.75% | -0.01% |
| Godrej Properties Ltd. | -0.40% | -0.39% | +0.01% |
| Indus Towers Ltd. | -0.05% | -0.05% | 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 | ₹38,078 Cr | 2.45% | 6.1% | 6.4% | 6.6% |
 Kotak Arbitrage Fund | ₹75,712 Cr | 2.92% | 6.1% | 6.5% | 6.6% |
 ICICI Prudential Arbitrage Fund | ₹34,850 Cr | 2.16% | 6.2% | 6.4% | 6.5% |
 Invesco India Arbitrage Fund | ₹30,618 Cr | 2.91% | 6.1% | 6.4% | 6.6% |
 UTI Arbitrage Fund | ₹11,132 Cr | 1.80% | 6.1% | 6.5% | 6.6% |
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 months2.56% absolute | ₹60,000 | ₹61,536 | 2.56% | |
| 1 year5.59% annualised | ₹1,20,000 | ₹1,23,696 | 3.08% | |
| 3 years6.20% annualised | ₹3,60,000 | ₹3,96,578 | 10.16% | |
| 5 years5.33% annualised | ₹6,00,000 | ₹6,88,864 | 14.81% |
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.