ITI Arbitrage Fund
- NAV as on 24 Sep 2026
- ₹13.85-0.01%1 day
- Return since launch
- 4.7%
- 52-week range
- ₹13.11 — ₹13.92
- AUM
- ₹62.99 Cr
ITI Arbitrage Fund is a Arbitrage hybrid fund from ITI Mutual Fund with ₹62.99 Cr under management, launched in 2019. Over three years it has returned 6.1% a year, against 6.5% for its category. The expense ratio is 1.81% and the SEBI riskometer reading is Low.
Performance
ITI Arbitrage Fund NAV and returns
Growth of the fund against its category average over the period you pick.
Over 1Y this fund returned +5.7% 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 | 5.2% | −0.7 pts | 5.9% | 5.8% |
| 2Y | 5.7% | −0.2 pts | 5.9% | 6.0% |
| 3Y | 6.1% | −0.5 pts | 6.5% | 6.2% |
| 5Y | 6.0% | +0.1 pts | 5.9% | 6.3% |
| 7Y | 5.5% | −0.5 pts | 5.9% | 5.9% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | 0.2% | −0.2 pts | 0.3% | 0.3% |
| 3M | 1.1% | −0.1 pts | 1.3% | 1.3% |
| 6M | 2.3% | −0.5 pts | 2.7% | 2.8% |
| 1Y | 5.7% | −0.2 pts | 5.9% | 6.0% |
| 2Y | 6.1% | 0.0 pts | 6.1% | 6.2% |
| 3Y | 6.5% | 0.0 pts | 6.5% | 6.6% |
| 5Y | 5.4% | −0.5 pts | 5.9% | 6.0% |
| 7Y | 4.8% | −0.6 pts | 5.4% | 5.4% |
Since launch (20 Aug 2019): 4.7%
Calendar-year returns
Category averageShow as a table
| Period | Fund | vs category | Category |
|---|---|---|---|
| 2025 | 6.5% | −0.3 pts | 6.9% |
| 2024 | 7.2% | −0.8 pts | 8.0% |
| 2023 | 6.4% | −1.3 pts | 7.6% |
| 2022 | 2.4% | −2.2 pts | 4.6% |
| 2021 | 2.4% | −1.7 pts | 4.1% |
| 2020 | 3.1% | −1.6 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
1.80%
Expense ratio as on 23 Sep 2026
Charged yearly and already deducted from the NAV.
- Base expense
- 0.81%
- Brokerage
- 0.21%
- Transaction charges
- 0.00%
- Statutory levies
- 0.78%
- Exit load
- Exit Load for units in excess of 10% of the investment,0.25% will be charged for redemption 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 | 0.65 | 0.62 | How hard the fund moves when the market moves. Under 1 is steadier than the market. |
| Sharpe | 1.13 | 1.88 | Return earned for each unit of total risk taken. Higher is better. |
| Sortino | 1.30 | 2.31 | Return earned for each unit of downside risk. Higher is better. |
| Std. deviation | 0.53 | 0.51 | How widely monthly returns have varied around their own average. Lower is steadier. |
| Average of 4 category peers | |||
Portfolio
ITI Arbitrage Fund portfolio
Portfolio as of 31 Aug 2026
Asset allocation
- Debt12.4%
- Other88.1%
Market cap split
- Large54.0%
- Mid38.4%
- Small7.7%
- P/E
- 19.38
- P/B
- 2.39
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| Others | Others | 85.39% | ₹53.79 Cr | +139.83% | +142.55% | +133.80% |
| ITI Liquid Fund Direct - Growth | Unclassified | 15.17% | ₹9.55 Cr | +10.65% | +18.99% | +17.74% |
| One97 Communications Ltd. | Services | 0.15% | ₹0.10 Cr | -8.74% | -13.10% | -11.80% |
| Shriram Finance Ltd | Financial | 0.05% | ₹0.03 Cr | -4.11% | -2.57% | -3.24% |
| Indusind Bank Ltd. | Financial | 0.03% | ₹0.02 Cr | -1.90% | — | -6.16% |
| Aditya Birla Capital Ltd. | Financial | 0.02% | ₹0.01 Cr | -3.35% | — | — |
| JIO Financial Services Ltd. | Financial | 0.01% | ₹0.00 Cr | -1.15% | -2.23% | — |
| Godfrey Phillips India Ltd. | Consumer Staples | 0.00% | ₹0.00 Cr | -2.01% | — | — |
| National Aluminium Company Ltd. | Metals & Mining | 0.00% | ₹0.00 Cr | — | — | — |
| Canara Bank | Financial | 0.00% | ₹0.00 Cr | -2.23% | -4.82% | — |
| company:14386 | Insurance | -0.00% | ₹-0.00 Cr | — | — | — |
| AU Small Finance Bank Ltd. | Financial | -0.00% | ₹-0.00 Cr | -2.25% | — | — |
| Max Financial Services Ltd. | Financial | -0.00% | ₹-0.00 Cr | -2.91% | — | — |
| Punjab National Bank | Financial | -0.00% | ₹-0.00 Cr | -0.78% | -1.71% | -3.20% |
| HDFC Life Insurance Co Ltd. | Insurance | -0.00% | ₹-0.00 Cr | -6.56% | -2.92% | -2.02% |
| Amber Enterprises India Ltd. | Consumer Discretionary | -0.01% | ₹-0.00 Cr | -1.57% | -2.30% | — |
| RBL Bank Ltd. | Financial | -0.01% | ₹-0.01 Cr | -5.75% | -9.63% | — |
| Bank of India | Financial | -0.01% | ₹-0.01 Cr | -2.00% | — | — |
| company:11722 | Technology | -0.02% | ₹-0.01 Cr | — | -3.70% | — |
| Ambuja Cements Ltd. | Materials | -0.02% | ₹-0.01 Cr | -2.46% | -4.97% | -2.34% |
| Hindustan Zinc Ltd. | Metals & Mining | -0.02% | ₹-0.01 Cr | -2.48% | -4.27% | — |
| UNO Minda Ltd. | Automobile | -0.02% | ₹-0.01 Cr | +2.47% | — | — |
| Adani Energy Solutions Ltd. | Energy | -0.02% | ₹-0.01 Cr | — | — | — |
| Kalyan Jewellers India Ltd. | Consumer Discretionary | -0.03% | ₹-0.02 Cr | -0.86% | -1.78% | — |
| company:1588 | Consumer Staples | -0.03% | ₹-0.02 Cr | — | — | — |
| Bandhan Bank Ltd. | Financial | -0.03% | ₹-0.02 Cr | -4.13% | — | — |
| HDFC Bank Ltd. | Financial | -0.05% | ₹-0.03 Cr | -8.68% | — | — |
| Cummins India Ltd. | Capital Goods | -0.06% | ₹-0.04 Cr | -8.35% | -12.53% | — |
| Varun Beverages Ltd. | Consumer Staples | -0.08% | ₹-0.05 Cr | -5.44% | -5.65% | — |
| Bharti Airtel Ltd. | Communication | -0.12% | ₹-0.07 Cr | -4.96% | — | — |
| Adani Ports and Special Economic Zone Ltd. | Services | -0.12% | ₹-0.08 Cr | -5.27% | -8.05% | -6.68% |
| Power Finance Corporation Ltd. | Financial | -0.17% | ₹-0.11 Cr | -8.60% | -6.17% | -12.70% |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| One97 Communications Ltd. | -6.44% | -9.13% | -2.69% |
| Eternal Ltd. | -2.39% | 0.00% | +2.39% |
| RBL Bank Ltd. | -3.85% | -1.93% | +1.92% |
| Shriram Finance Ltd | -4.39% | -2.56% | +1.82% |
| ITI Liquid Fund Direct - Growth | 13.37% | 15.17% | +1.80% |
| Laurus Labs Ltd. | -1.73% | 0.00% | +1.73% |
| company:11722 | 0.00% | -1.68% | -1.68% |
| REC Ltd. | -1.65% | 0.00% | +1.65% |
| Info Edge (India) Ltd. | -1.33% | 0.00% | +1.33% |
| Indusind Bank Ltd. | -1.29% | -2.45% | -1.16% |
| company:14386 | 0.00% | -1.13% | -1.13% |
| company:1588 | 0.00% | -0.73% | -0.73% |
| HDFC Bank Ltd. | -5.50% | -5.90% | -0.40% |
| ICICI Prudential Life Insurance Company Ltd. | -0.40% | 0.00% | +0.40% |
| Power Finance Corporation Ltd. | -5.29% | -4.89% | +0.40% |
| UNO Minda Ltd. | -1.65% | -2.03% | -0.37% |
| Hindustan Zinc Ltd. | -1.31% | -1.64% | -0.34% |
| Adani Ports and Special Economic Zone Ltd. | -3.07% | -3.37% | -0.29% |
| AU Small Finance Bank Ltd. | -1.48% | -1.73% | -0.25% |
| Cummins India Ltd. | -4.84% | -5.08% | -0.24% |
| Bharti Airtel Ltd. | -3.30% | -3.53% | -0.23% |
| National Aluminium Company Ltd. | -0.93% | -1.13% | -0.21% |
| Bank of India | -1.21% | -1.42% | -0.20% |
| Aditya Birla Capital Ltd. | -1.59% | -1.79% | -0.20% |
| Canara Bank | -1.31% | -1.50% | -0.19% |
| Max Financial Services Ltd. | -1.02% | -1.20% | -0.18% |
| HDFC Life Insurance Co Ltd. | -1.45% | -1.62% | -0.17% |
| Bandhan Bank Ltd. | -2.11% | -2.27% | -0.16% |
| Amber Enterprises India Ltd. | -0.95% | -1.10% | -0.15% |
| Godfrey Phillips India Ltd. | -1.14% | -1.28% | -0.14% |
| Kalyan Jewellers India Ltd. | -1.05% | -1.18% | -0.14% |
| Varun Beverages Ltd. | -2.87% | -2.99% | -0.12% |
| Ambuja Cements Ltd. | -1.54% | -1.62% | -0.08% |
| Others | 69.15% | 69.08% | -0.07% |
| Punjab National Bank | -0.51% | -0.58% | -0.07% |
| JIO Financial Services Ltd. | -0.77% | -0.80% | -0.04% |
| Adani Energy Solutions Ltd. | -0.78% | -0.78% | 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 | ₹41,186 Cr | 2.40% | 6.0% | 6.4% | 6.6% |
 Kotak Arbitrage Fund | ₹75,712 Cr | 2.92% | 6.0% | 6.4% | 6.6% |
 SBI Arbitrage Fund | ₹47,283 Cr | 1.98% | 5.8% | 6.3% | 6.5% |
 Invesco India Arbitrage Fund | ₹30,618 Cr | 2.91% | 6.0% | 6.4% | 6.6% |
 UTI Arbitrage Fund | ₹11,132 Cr | 1.80% | 5.9% | 6.4% | 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 by predominantly investing in arbitrage opportunities in the cash and the derivative segments of the equity markets and the arbitrage opportunities available within the derivative segment and by investing the balance in debt and money market instruments.
Fund managers
- Animesh SinghPost Graduate Diploma in Management, Bachelor of Honours -(Economics) CFA - USA Certification.Prior to joining the ITI AMC, he was associated with Julius Baer wealth Advisor, Centrum Wealth, Nippon Life India Asset Management Ltd, Reliance Portfolio Management Services, KSBL and SSKI Securities.
- Laukik BagweMr. Bagwe is a B.Com (H) and PGDBA (Finance)Prior to joining ITI Mutual fund he has worked with DSP Mutual Fund, Derivium Capital and Securities Pvt. Ltd. and with Birla Sun Life Securities Ltd.
- Vikas NathaniMr. Nathani has done M.Com. and DBFPrior to joining ITI AMC, he was associated with SBICAP Securities Limited
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 months2.25% absolute | ₹60,000 | ₹61,350 | 2.25% | |
| 1 year5.67% annualised | ₹1,20,000 | ₹1,23,750 | 3.13% | |
| 3 years6.51% annualised | ₹3,60,000 | ₹3,98,527 | 10.70% | |
| 5 years5.39% annualised | ₹6,00,000 | ₹6,89,957 | 14.99% |
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.