LIC MF Arbitrage Fund
ArbitrageLowOPEN-ENDED
- NAV as on 25 Sep 2026
- ₹14.82+0.12%1 day
- Return since launch
- 5.2%
- 52-week range
- ₹13.98 — ₹14.82
- AUM
- ₹310 Cr
LIC MF Arbitrage Fund is a Arbitrage hybrid fund from LIC Mutual Fund with ₹310 Cr under management, launched in 2019. Over three years it has returned 6.2% a year, against 6.5% for its category. The expense ratio is 1.75% and the SEBI riskometer reading is Low.
Performance
LIC MF 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 | 6.1% | +0.2 pts | 5.9% | 6.0% |
| 2Y | 6.0% | 0.0 pts | 6.0% | 6.0% |
| 3Y | 6.2% | −0.4 pts | 6.5% | 6.3% |
| 5Y | 6.2% | +0.3 pts | 5.9% | 6.4% |
| 7Y | 5.8% | −0.1 pts | 5.9% | 6.0% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | 0.7% | +0.1 pts | 0.7% | 0.5% |
| 3M | 1.4% | +0.1 pts | 1.4% | 1.4% |
| 6M | 2.8% | +0.1 pts | 2.7% | 2.8% |
| 1Y | 5.9% | +0.1 pts | 5.9% | 6.0% |
| 2Y | 6.2% | 0.0 pts | 6.2% | 6.3% |
| 3Y | 6.4% | −0.1 pts | 6.5% | 6.6% |
| 5Y | 5.8% | −0.1 pts | 5.9% | 6.0% |
| 7Y | 5.2% | −0.2 pts | 5.4% | 5.4% |
Since launch (4 Jan 2019): 5.2%
Calendar-year returns
Category average3.6%
3.2%
4.1%
6.7%
7.0%
6.1%
Show as a table
| Period | Fund | vs category | Category |
|---|---|---|---|
| 2025 | 6.1% | −0.8 pts | 6.9% |
| 2024 | 7.0% | −1.0 pts | 8.0% |
| 2023 | 6.7% | −0.9 pts | 7.6% |
| 2022 | 4.1% | −0.6 pts | 4.6% |
| 2021 | 3.2% | −0.9 pts | 4.1% |
| 2020 | 3.6% | −1.1 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
1.67%
Expense ratio as on 25 Sep 2026
Charged yearly and already deducted from the NAV.
- Base expense
- 0.74%
- Brokerage
- 0.09%
- Transaction charges
- 0.03%
- Statutory levies
- 0.81%
- Exit load
- Exit load of 0.25% if redeemed within 1 months.
- 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.
Low
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 | 1.29 | 1.84 | Return earned for each unit of total risk taken. Higher is better. |
| Sortino | 1.74 | 2.27 | Return earned for each unit of downside risk. Higher is better. |
| Std. deviation | 0.44 | 0.52 | How widely monthly returns have varied around their own average. Lower is steadier. |
| Average of 4 category peers | |||
Portfolio
LIC MF Arbitrage Fund portfolio
Portfolio as of 31 Aug 2026
Asset allocation
- Debt27.9%
- Other72.5%
Market cap split
- Large93.9%
- Mid6.0%
- Small0.2%
- P/E
- 18.30
- P/B
- 2.10
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| Others | Others | 72.26% | ₹224 Cr | +197.08% | +199.99% | +191.36% |
| LIC MF Ultra Short Term Fund Direct-Growth | Unclassified | 15.27% | ₹47.35 Cr | — | — | — |
| LIC MF Money Market Fund Direct - Growth | Unclassified | 12.94% | ₹40.12 Cr | +18.08% | +17.95% | +10.26% |
| Axis Bank Ltd. | Financial | 0.07% | ₹0.23 Cr | — | -4.64% | -10.05% |
| State Bank of India | Financial | 0.04% | ₹0.12 Cr | -12.08% | -2.16% | -11.41% |
| Tata Steel Ltd. | Metals & Mining | 0.03% | ₹0.09 Cr | -7.22% | -7.96% | -2.59% |
| JIO Financial Services Ltd. | Financial | 0.02% | ₹0.05 Cr | -6.82% | -4.74% | -3.70% |
| NTPC Ltd. | Energy | 0.01% | ₹0.02 Cr | -2.94% | — | -0.84% |
| Bharat Heavy Electricals Ltd. | Capital Goods | 0.00% | ₹0.01 Cr | -0.55% | -0.30% | -0.26% |
| Sun Pharmaceutical Industries Ltd. | Healthcare | 0.00% | ₹0.01 Cr | -1.97% | — | — |
| GAIL (India) Ltd. | Energy | 0.00% | ₹0.01 Cr | -0.22% | -0.46% | — |
| Indus Towers Ltd. | Communication | 0.00% | ₹0.01 Cr | -1.21% | -3.03% | — |
| Hindustan Petroleum Corporation Ltd. | Energy | 0.00% | ₹0.01 Cr | — | -1.28% | — |
| Asian Paints Ltd. | Materials | 0.00% | ₹0.00 Cr | -0.11% | — | — |
| Crompton Greaves Consumer Electricals Ltd. | Consumer Discretionary | 0.00% | ₹0.00 Cr | -0.34% | -0.27% | -0.23% |
| Max Financial Services Ltd. | Financial | -0.00% | ₹-0.00 Cr | -0.23% | — | — |
| company:4908 | Energy | -0.00% | ₹-0.00 Cr | — | — | — |
| Larsen & Toubro Ltd. | Construction | -0.00% | ₹-0.00 Cr | — | — | — |
| Tata Motors Passenger Vehicles Ltd. | Automobile | -0.00% | ₹-0.00 Cr | -0.13% | — | -3.37% |
| Oil And Natural Gas Corporation Ltd. | Energy | -0.00% | ₹-0.01 Cr | -2.18% | — | — |
| Tata Power Company Ltd. | Energy | -0.00% | ₹-0.01 Cr | -0.67% | -0.52% | -4.55% |
| Bank Of Baroda | Financial | -0.00% | ₹-0.01 Cr | -1.79% | -1.84% | — |
| ITC Ltd. | Consumer Staples | -0.00% | ₹-0.01 Cr | — | -4.23% | -1.31% |
| Eicher Motors Ltd. | Automobile | -0.00% | ₹-0.01 Cr | -0.79% | — | — |
| Container Corporation Of India Ltd. | Services | -0.00% | ₹-0.01 Cr | -0.15% | -0.13% | — |
| JSW Steel Ltd. | Metals & Mining | -0.01% | ₹-0.02 Cr | — | — | -0.20% |
| Punjab National Bank | Financial | -0.01% | ₹-0.02 Cr | -1.93% | -2.02% | +2.07% |
| HDFC Life Insurance Co Ltd. | Insurance | -0.01% | ₹-0.03 Cr | -1.27% | — | -1.70% |
| Bharat Electronics Ltd. | Capital Goods | -0.01% | ₹-0.03 Cr | -9.31% | -7.21% | -4.41% |
| ICICI Bank Ltd. | Financial | -0.02% | ₹-0.07 Cr | -13.23% | -9.88% | — |
| Hindustan Unilever Ltd. | Consumer Staples | -0.03% | ₹-0.08 Cr | — | — | — |
| Kotak Mahindra Bank Ltd. | Financial | -0.03% | ₹-0.09 Cr | -3.77% | -4.88% | — |
| GMR Airports Ltd. | Construction | -0.07% | ₹-0.22 Cr | -10.27% | -8.82% | -6.98% |
| Hindalco Industries Ltd. | Metals & Mining | -0.07% | ₹-0.23 Cr | -11.90% | — | — |
| HDFC Bank Ltd. | Financial | -0.09% | ₹-0.28 Cr | -12.88% | -13.12% | -9.71% |
| Reliance Industries Ltd. | Energy | -0.11% | ₹-0.34 Cr | -10.56% | -10.13% | -14.58% |
| Bharti Airtel Ltd. | Communication | -0.18% | ₹-0.55 Cr | -9.74% | -8.74% | -6.25% |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| Others | 86.41% | 68.45% | -17.96% |
| Bajaj Finance Ltd. | -3.37% | 0.00% | +3.37% |
| Hindalco Industries Ltd. | -9.54% | -7.13% | +2.41% |
| Mahindra & Mahindra Ltd. | -2.23% | 0.00% | +2.23% |
| LIC MF Money Market Fund Direct - Growth | 15.04% | 12.94% | -2.10% |
| HDFC Bank Ltd. | -10.34% | -8.74% | +1.60% |
| LIC MF Ultra Short Term Fund Direct-Growth | 13.98% | 15.27% | +1.29% |
| GMR Airports Ltd. | -4.54% | -3.31% | +1.23% |
| Bharti Airtel Ltd. | -6.41% | -5.20% | +1.21% |
| Tata Steel Ltd. | -5.88% | -4.83% | +1.05% |
| State Bank of India | -7.86% | -6.83% | +1.03% |
| ICICI Bank Ltd. | -7.07% | -6.16% | +0.91% |
| Bajaj Finserv Ltd. | -0.88% | 0.00% | +0.88% |
| JIO Financial Services Ltd. | -3.10% | -2.47% | +0.63% |
| Reliance Industries Ltd. | -4.54% | -5.11% | -0.57% |
| HDFC Life Insurance Co Ltd. | -3.36% | -2.82% | +0.54% |
| Axis Bank Ltd. | -2.90% | -3.28% | -0.38% |
| Bharat Electronics Ltd. | -3.94% | -3.63% | +0.31% |
| Hindustan Unilever Ltd. | -1.50% | -1.23% | +0.27% |
| NTPC Ltd. | -1.35% | -1.09% | +0.26% |
| Bank Of Baroda | -0.73% | -0.61% | +0.12% |
| Punjab National Bank | -0.92% | -0.80% | +0.12% |
| Kotak Mahindra Bank Ltd. | -1.71% | -1.60% | +0.11% |
| Container Corporation Of India Ltd. | -0.67% | -0.56% | +0.11% |
| Indus Towers Ltd. | -0.48% | -0.40% | +0.08% |
| Oil And Natural Gas Corporation Ltd. | -0.43% | -0.36% | +0.07% |
| Tata Power Company Ltd. | -0.35% | -0.28% | +0.07% |
| company:4908 | 0.00% | -0.06% | -0.06% |
| Eicher Motors Ltd. | -0.39% | -0.34% | +0.05% |
| JSW Steel Ltd. | -0.42% | -0.38% | +0.04% |
| Hindustan Petroleum Corporation Ltd. | -0.21% | -0.17% | +0.04% |
| Crompton Greaves Consumer Electricals Ltd. | -0.17% | -0.13% | +0.04% |
| Larsen & Toubro Ltd. | -0.26% | -0.23% | +0.03% |
| Titan Company Ltd. | -0.03% | 0.00% | +0.03% |
| Sun Pharmaceutical Industries Ltd. | -0.18% | -0.15% | +0.03% |
| GAIL (India) Ltd. | -0.12% | -0.10% | +0.02% |
| Bharat Heavy Electricals Ltd. | -0.24% | -0.22% | +0.02% |
| ITC Ltd. | -0.09% | -0.07% | +0.02% |
| Tata Motors Passenger Vehicles Ltd. | -0.06% | -0.05% | +0.01% |
| Max Financial Services Ltd. | -0.09% | -0.08% | +0.01% |
| Asian Paints Ltd. | -0.05% | -0.04% | +0.01% |
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 by taking advantage of arbitrage opportunities that potentially exists between cash and derivative market and within the derivative segment of the equity market along with investments in debt securities & money market instruments.
Fund managers
- Pratik Harish ShroffMr. Shroff has done B.Com, M.Com, CFA, FRM and Executive Programme in Applied Finance â IIM, CalcuttaPrior to joining LIC Mutual Fund, he was associated with CTBC Bank Ltd, IndusInd Bank Ltd, Industrial and Commercial Bank of China, Tata Mutual Fund and LKP Securities
- Sasikant AravamuthanPGDBA - ICFA Business School Chennai, B.Sc. Zoology Loyola College Chennai.Prior to joining the LIC AMC, he was associated with Nomura Financial Advisory & Securities Pvt. Ltd, Reliance Securities Limited and CIMB Securities India Pvt Ltd.
- Sumit BhatnagarMr. Bhatnagar is an MBA (Investment Management) from University of Toronto, Canada and CFA Charter (USA).Prior to joining LIC Mutual Fund. He was assocaited with Indiabulls Mutual Fund he has worked with SEBI.
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 months2.83% absolute | ₹60,000 | ₹61,698 | 2.83% | |
| 1 year5.93% annualised | ₹1,20,000 | ₹1,23,925 | 3.27% | |
| 3 years6.42% annualised | ₹3,60,000 | ₹3,97,960 | 10.54% | |
| 5 years5.84% annualised | ₹6,00,000 | ₹6,98,220 | 16.37% |
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.
What is the NAV of LIC MF Arbitrage Fund?
The NAV of LIC MF Arbitrage Fund is ₹14.82 as on 25 Sep 2026.
What is the expense ratio of LIC MF Arbitrage Fund?
The expense ratio of LIC MF Arbitrage Fund is 1.75% per year.
What is the minimum SIP amount for LIC MF Arbitrage Fund?
You can start a SIP in LIC MF Arbitrage Fund with ₹3,000 a month.
What returns has LIC MF Arbitrage Fund given?
LIC MF Arbitrage Fund has returned 6.1% over 1 year, 6.2% over 3 years and 6.2% over 5 years (annualised).
Is there a lock-in or exit load on LIC MF Arbitrage Fund?
Lock-in: None. Exit load: Exit load of 0.25% if redeemed within 1 months..
How risky is LIC MF Arbitrage Fund?
LIC MF Arbitrage Fund is rated Low on the SEBI riskometer and belongs to the Arbitrage category.
Which fund house manages LIC MF Arbitrage Fund?
LIC MF Arbitrage Fund is managed by LIC Mutual Fund, which runs 33 schemes with ₹50,329 Cr under management.