LIC MF Arbitrage Fund
ArbitrageLowOPEN-ENDED
- NAV as on 9 Nov 2026
- ₹14.93-0.01%1 day
- Return since launch
- 5.3%
- 52-week range
- ₹14.07 — ₹14.93
- AUM
- ₹305 Cr
LIC MF Arbitrage Fund is a Arbitrage hybrid fund from LIC Mutual Fund with ₹305 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 1.62% 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 +6.1% 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 | 6.0% | +0.1 pts | 6.0% | 5.9% |
| 2Y | 6.0% | +0.1 pts | 5.9% | 6.0% |
| 3Y | 6.1% | −0.3 pts | 6.5% | 6.2% |
| 5Y | 6.3% | +0.3 pts | 6.0% | 6.4% |
| 7Y | 5.8% | −0.1 pts | 6.0% | 6.0% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | 0.5% | +0.1 pts | 0.4% | 0.4% |
| 3M | 1.5% | +0.1 pts | 1.4% | 1.4% |
| 6M | 3.0% | +0.1 pts | 2.9% | 2.9% |
| 1Y | 6.1% | +0.1 pts | 6.0% | 6.0% |
| 2Y | 6.1% | 0.0 pts | 6.1% | 6.1% |
| 3Y | 6.4% | −0.1 pts | 6.5% | 6.5% |
| 5Y | 5.9% | −0.1 pts | 6.0% | 6.0% |
| 7Y | 5.2% | −0.2 pts | 5.4% | 5.4% |
Since launch (4 Jan 2019): 5.3%
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
1.62%
Expense ratio as on 7 Nov 2026
Charged yearly and already deducted from the NAV.
- Base expense
- 0.74%
- Brokerage
- 0.08%
- Transaction charges
- 0.03%
- Statutory levies
- 0.77%
- 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 | — | 0.59 | How hard the fund moves when the market moves. Under 1 is steadier than the market. |
| Sharpe | 1.46 | 1.91 | Return earned for each unit of total risk taken. Higher is better. |
| Sortino | 1.97 | 2.46 | Return earned for each unit of downside risk. Higher is better. |
| Std. deviation | 0.43 | 0.51 | 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 30 Sep 2026
Asset allocation
- Debt29.7%
- Other70.7%
Market cap split
- Large94.8%
- Mid5.0%
- Small0.2%
- P/E
- 17.33
- P/B
- 1.97
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| Others | Others | 71.51% | ₹218 Cr | +196.91% | +193.00% | +199.31% |
| LIC MF Ultra Short Term Fund Direct-Growth | Unclassified | 15.63% | ₹47.61 Cr | — | — | — |
| LIC MF Money Market Fund Direct - Growth | Unclassified | 13.24% | ₹40.33 Cr | +16.32% | +17.25% | +11.45% |
| HDFC Life Insurance Co Ltd. | Insurance | 0.01% | ₹0.03 Cr | -1.21% | -0.18% | — |
| NTPC Ltd. | Energy | 0.00% | ₹0.01 Cr | -3.36% | — | -0.82% |
| Kotak Mahindra Bank Ltd. | Financial | 0.00% | ₹0.00 Cr | -3.77% | -7.44% | -0.07% |
| Bharat Heavy Electricals Ltd. | Capital Goods | 0.00% | ₹0.00 Cr | -0.54% | -0.35% | -0.28% |
| Asian Paints Ltd. | Materials | -0.00% | ₹-0.00 Cr | -0.11% | — | — |
| Larsen & Toubro Ltd. | Construction | -0.00% | ₹-0.00 Cr | — | — | — |
| Shriram Finance Ltd | Financial | -0.00% | ₹-0.00 Cr | — | — | — |
| ITC Ltd. | Consumer Staples | -0.00% | ₹-0.00 Cr | — | -2.95% | -2.48% |
| Power Finance Corporation Ltd. | Financial | -0.00% | ₹-0.00 Cr | — | -0.18% | -0.24% |
| Hindustan Unilever Ltd. | Consumer Staples | -0.00% | ₹-0.00 Cr | — | — | — |
| Oil And Natural Gas Corporation Ltd. | Energy | -0.00% | ₹-0.00 Cr | -1.84% | -0.17% | — |
| Tata Power Company Ltd. | Energy | -0.00% | ₹-0.00 Cr | -0.79% | -0.65% | -2.27% |
| Indus Towers Ltd. | Communication | -0.00% | ₹-0.00 Cr | -1.05% | — | — |
| Titan Company Ltd. | Consumer Discretionary | -0.00% | ₹-0.00 Cr | -0.06% | -0.06% | -0.26% |
| Crompton Greaves Consumer Electricals Ltd. | Consumer Discretionary | -0.00% | ₹-0.00 Cr | -0.39% | -0.29% | -0.19% |
| Sun Pharmaceutical Industries Ltd. | Healthcare | -0.00% | ₹-0.00 Cr | -0.38% | — | — |
| JIO Financial Services Ltd. | Financial | -0.00% | ₹-0.00 Cr | -6.25% | -4.55% | -3.27% |
| Indusind Bank Ltd. | Financial | -0.00% | ₹-0.01 Cr | — | -0.05% | -3.22% |
| JSW Steel Ltd. | Metals & Mining | -0.00% | ₹-0.01 Cr | — | — | -0.21% |
| Container Corporation Of India Ltd. | Services | -0.00% | ₹-0.01 Cr | -1.33% | -0.15% | -0.18% |
| GMR Airports Ltd. | Construction | -0.00% | ₹-0.01 Cr | -11.26% | -9.41% | -6.64% |
| Axis Bank Ltd. | Financial | -0.00% | ₹-0.01 Cr | -3.49% | -4.92% | -2.97% |
| Mahindra & Mahindra Ltd. | Automobile | -0.00% | ₹-0.02 Cr | -4.38% | -8.71% | — |
| Punjab National Bank | Financial | -0.01% | ₹-0.02 Cr | -1.92% | -2.00% | -2.19% |
| Bank Of Baroda | Financial | -0.01% | ₹-0.02 Cr | -1.79% | -1.80% | -2.44% |
| Bharat Electronics Ltd. | Capital Goods | -0.01% | ₹-0.02 Cr | -9.13% | -8.30% | -4.53% |
| Reliance Industries Ltd. | Energy | -0.02% | ₹-0.07 Cr | -9.77% | -9.86% | -13.20% |
| Bharti Airtel Ltd. | Communication | -0.03% | ₹-0.08 Cr | -9.64% | -8.44% | -9.12% |
| ICICI Bank Ltd. | Financial | -0.04% | ₹-0.12 Cr | -16.50% | -8.58% | -19.45% |
| Tata Steel Ltd. | Metals & Mining | -0.05% | ₹-0.15 Cr | -5.91% | -4.82% | -2.66% |
| State Bank of India | Financial | -0.05% | ₹-0.15 Cr | -7.55% | -10.08% | -10.48% |
| Hindalco Industries Ltd. | Metals & Mining | -0.06% | ₹-0.17 Cr | -9.84% | — | — |
| HDFC Bank Ltd. | Financial | -0.09% | ₹-0.26 Cr | -12.43% | -13.93% | -9.08% |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| Mahindra & Mahindra Ltd. | 0.00% | -1.59% | -1.59% |
| ICICI Bank Ltd. | -6.16% | -7.27% | -1.11% |
| Bharat Electronics Ltd. | -3.63% | -2.53% | +1.10% |
| GMR Airports Ltd. | -3.31% | -2.25% | +1.07% |
| Reliance Industries Ltd. | -5.11% | -6.00% | -0.89% |
| Others | 68.45% | 67.79% | -0.66% |
| Indusind Bank Ltd. | 0.00% | -0.62% | -0.62% |
| State Bank of India | -6.83% | -6.38% | +0.45% |
| Hindalco Industries Ltd. | -7.13% | -6.72% | +0.41% |
| NTPC Ltd. | -1.09% | -0.71% | +0.37% |
| LIC MF Ultra Short Term Fund Direct-Growth | 15.27% | 15.63% | +0.36% |
| company:998 | -0.34% | 0.00% | +0.34% |
| LIC MF Money Market Fund Direct - Growth | 12.94% | 13.24% | +0.30% |
| Bharti Airtel Ltd. | -5.20% | -4.99% | +0.22% |
| Larsen & Toubro Ltd. | -0.23% | -0.02% | +0.21% |
| JIO Financial Services Ltd. | -2.47% | -2.28% | +0.19% |
| company:1529 | -0.17% | 0.00% | +0.17% |
| Tata Steel Ltd. | -4.83% | -4.99% | -0.16% |
| Oil And Natural Gas Corporation Ltd. | -0.36% | -0.20% | +0.15% |
| HDFC Bank Ltd. | -8.74% | -8.88% | -0.15% |
| Hindustan Unilever Ltd. | -1.23% | -1.11% | +0.11% |
| company:1222 | -0.10% | 0.00% | +0.10% |
| HDFC Life Insurance Co Ltd. | -2.82% | -2.74% | +0.08% |
| company:2310 | -0.08% | 0.00% | +0.08% |
| Titan Company Ltd. | 0.00% | -0.08% | -0.08% |
| company:4908 | -0.06% | 0.00% | +0.06% |
| Container Corporation Of India Ltd. | -0.56% | -0.50% | +0.06% |
| Axis Bank Ltd. | -3.28% | -3.22% | +0.06% |
| company:3902 | -0.05% | 0.00% | +0.05% |
| Power Finance Corporation Ltd. | 0.00% | -0.03% | -0.03% |
| Shriram Finance Ltd | 0.00% | -0.03% | -0.03% |
| Tata Power Company Ltd. | -0.28% | -0.29% | -0.01% |
| Crompton Greaves Consumer Electricals Ltd. | -0.13% | -0.12% | +0.01% |
| JSW Steel Ltd. | -0.38% | -0.36% | +0.01% |
| Kotak Mahindra Bank Ltd. | -1.60% | -1.59% | +0.01% |
| Bank Of Baroda | -0.61% | -0.60% | +0.01% |
| Bharat Heavy Electricals Ltd. | -0.22% | -0.21% | +0.01% |
| Sun Pharmaceutical Industries Ltd. | -0.15% | -0.15% | +0.01% |
| Punjab National Bank | -0.80% | -0.81% | -0.01% |
| Indus Towers Ltd. | -0.40% | -0.40% | +0.01% |
| Asian Paints Ltd. | -0.04% | -0.04% | 0.00% |
| ITC Ltd. | -0.07% | -0.07% | 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 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 months2.98% absolute | ₹60,000 | ₹61,788 | 2.98% | |
| 1 year6.10% annualised | ₹1,20,000 | ₹1,24,040 | 3.37% | |
| 3 years6.38% annualised | ₹3,60,000 | ₹3,97,708 | 10.47% | |
| 5 years5.91% annualised | ₹6,00,000 | ₹6,99,517 | 16.59% |
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 ₹14.93 as on 9 Nov 2026.
What is the expense ratio of LIC MF Arbitrage Fund?
The expense ratio of LIC MF Arbitrage Fund is 1.62% 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 6.0% over 1 year, 6.1% over 3 years and 6.3% 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 ₹50,860 Cr under management.