PGIM India Arbitrage Fund
- NAV as on 6 Nov 2026
- ₹19.79+0.18%1 day
- Return since launch
- 5.8%
- 52-week range
- ₹18.67 — ₹19.79
- AUM
- ₹98.01 Cr
PGIM India Arbitrage Fund is a Arbitrage hybrid fund from PGIM India Mutual Fund with ₹98.01 Cr under management, launched in 2014. Over three years it has returned 6.1% a year, against 6.5% for its category. The expense ratio is 1.90% and the SEBI riskometer reading is Low.
Performance
PGIM India Arbitrage Fund NAV and returns
Growth of the fund against its category average over the period you pick.
Over 1Y this fund returned +6.0% 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 | 5.9% | −0.1 pts | 6.0% | 6.0% |
| 3Y | 6.1% | −0.4 pts | 6.5% | 6.2% |
| 5Y | 6.2% | +0.2 pts | 6.0% | 6.4% |
| 7Y | 5.8% | −0.2 pts | 6.0% | 6.0% |
| 10Y | 5.5% | 0.0 pts | 5.6% | 5.7% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | 0.6% | +0.1 pts | 0.5% | 0.5% |
| 3M | 1.5% | +0.1 pts | 1.4% | 1.4% |
| 6M | 3.0% | 0.0 pts | 3.0% | 2.9% |
| 1Y | 6.0% | 0.0 pts | 5.9% | 6.0% |
| 2Y | 6.0% | −0.1 pts | 6.1% | 6.1% |
| 3Y | 6.3% | −0.2 pts | 6.5% | 6.5% |
| 5Y | 5.8% | −0.2 pts | 6.0% | 6.0% |
| 7Y | 5.2% | −0.2 pts | 5.4% | 5.4% |
| 10Y | 5.4% | −0.1 pts | 5.6% | 5.6% |
Since launch (13 Aug 2014): 5.8%
Calendar-year returns
Category averageShow as a table
| Period | Fund | vs category | Category |
|---|---|---|---|
| 2025 | 5.9% | −1.0 pts | 6.9% |
| 2024 | 7.0% | −1.0 pts | 8.0% |
| 2023 | 6.6% | −1.0 pts | 7.6% |
| 2022 | 3.8% | −0.9 pts | 4.6% |
| 2021 | 3.6% | −0.6 pts | 4.1% |
| 2020 | 3.9% | −0.8 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
1.91%
Expense ratio as on 6 Nov 2026
Charged yearly and already deducted from the NAV.
- Base expense
- 0.88%
- Brokerage
- 0.12%
- Transaction charges
- 0.04%
- Statutory levies
- 0.87%
- Exit load
- Exit load of 0.25%, if redeemed within 30 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 | 0.62 | 0.59 | How hard the fund moves when the market moves. Under 1 is steadier than the market. |
| Sharpe | 1.15 | 1.91 | Return earned for each unit of total risk taken. Higher is better. |
| Sortino | 1.62 | 2.46 | Return earned for each unit of downside risk. Higher is better. |
| Std. deviation | 0.51 | 0.51 | How widely monthly returns have varied around their own average. Lower is steadier. |
| Average of 4 category peers | |||
Portfolio
PGIM India Arbitrage Fund portfolio
Portfolio as of 30 Sep 2026
Asset allocation
- Debt24.1%
- Other76.3%
Market cap split
- Large84.9%
- Mid8.4%
- Small6.7%
- P/E
- 13.56
- P/B
- 2.04
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| Others | Others | 78.35% | ₹76.79 Cr | +10.76% | +7.32% | +10.92% |
| PGIM India Liquid Fund Direct Plan-Growth | Unclassified | 11.82% | ₹11.58 Cr | +11.98% | +19.51% | +14.12% |
| Reserve Bank of India | Financial | 2.53% | ₹2.48 Cr | +0.21% | +9.90% | +0.49% |
| HDFC Life Insurance Co Ltd. | Insurance | 0.00% | ₹0.00 Cr | — | — | — |
| Hindustan Unilever Ltd. | Consumer Staples | 0.00% | ₹-0.00 Cr | -1.08% | — | — |
| Indusind Bank Ltd. | Financial | 0.00% | ₹-0.00 Cr | — | — | — |
| JIO Financial Services Ltd. | Financial | 0.00% | ₹0.00 Cr | -3.08% | — | — |
| LIC Housing Finance Ltd. | Financial | 0.00% | ₹-0.00 Cr | — | — | -0.22% |
| Titan Company Ltd. | Consumer Discretionary | 0.00% | ₹-0.01 Cr | -11.48% | -11.64% | -9.72% |
| Varun Beverages Ltd. | Consumer Staples | 0.00% | ₹-0.00 Cr | -8.14% | — | — |
| Vodafone Idea Ltd. | Communication | -0.01% | ₹-0.01 Cr | -11.68% | -6.50% | -4.80% |
| Yes Bank Ltd. | Financial | -0.01% | ₹-0.01 Cr | — | — | — |
| Ambuja Cements Ltd. | Materials | -0.01% | ₹-0.00 Cr | -4.54% | -3.96% | -5.52% |
| BSE Ltd. | Services | -0.01% | ₹-0.01 Cr | — | — | — |
| Container Corporation Of India Ltd. | Services | -0.01% | ₹-0.01 Cr | — | — | — |
| Cummins India Ltd. | Capital Goods | -0.01% | ₹-0.01 Cr | — | — | — |
| Dabur India Ltd. | Consumer Staples | -0.01% | ₹-0.01 Cr | -3.34% | -3.10% | — |
| NBCC (India) Ltd. | Construction | -0.01% | ₹-0.01 Cr | -2.92% | — | — |
| Axis Bank Ltd. | Financial | -0.01% | ₹-0.01 Cr | -2.88% | -2.34% | -2.22% |
| Bank Of Baroda | Financial | -0.02% | ₹-0.02 Cr | -4.26% | -3.64% | -3.72% |
| Life Insurance Corporation of India | Insurance | -0.02% | ₹-0.02 Cr | — | — | — |
| PNB Housing Finance Ltd. | Financial | -0.02% | ₹-0.02 Cr | -7.08% | -4.22% | -4.74% |
| Punjab National Bank | Financial | -0.02% | ₹-0.01 Cr | -4.18% | -3.72% | — |
| The Phoenix Mills Ltd. | Construction | -0.02% | ₹-0.02 Cr | — | — | — |
| Reliance Industries Ltd. | Energy | -0.03% | ₹-0.04 Cr | -13.10% | -14.70% | -17.94% |
| HDFC Asset Management Company Ltd. | Financial | -0.03% | ₹-0.03 Cr | -7.30% | -5.74% | — |
| Bharti Airtel Ltd. | Communication | -0.04% | ₹-0.03 Cr | -5.44% | -4.92% | -5.08% |
| ICICI Bank Ltd. | Financial | -0.05% | ₹-0.05 Cr | -8.42% | -5.42% | — |
| HDFC Bank Ltd. | Financial | -0.09% | ₹-0.09 Cr | -19.92% | -18.04% | -17.64% |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| Others | 5.85% | 2.43% | -3.42% |
| Reliance Industries Ltd. | -6.24% | -9.36% | -3.12% |
| company:1308 | -1.85% | 0.00% | +1.85% |
| Bharti Airtel Ltd. | -3.61% | -5.23% | -1.62% |
| Cummins India Ltd. | 0.00% | -0.98% | -0.98% |
| Indusind Bank Ltd. | 0.00% | -0.97% | -0.97% |
| PGIM India Liquid Fund Direct Plan-Growth | 12.54% | 11.82% | -0.72% |
| company:5012 | -0.70% | 0.00% | +0.70% |
| Vodafone Idea Ltd. | -5.63% | -5.02% | +0.61% |
| HDFC Asset Management Company Ltd. | -3.43% | -3.10% | +0.33% |
| ICICI Bank Ltd. | -9.39% | -9.68% | -0.29% |
| Varun Beverages Ltd. | -3.12% | -3.32% | -0.20% |
| Ambuja Cements Ltd. | -2.06% | -1.93% | +0.13% |
| Axis Bank Ltd. | -5.53% | -5.40% | +0.13% |
| BSE Ltd. | -2.01% | -1.90% | +0.11% |
| Container Corporation Of India Ltd. | -0.85% | -0.75% | +0.10% |
| JIO Financial Services Ltd. | -1.14% | -1.04% | +0.10% |
| HDFC Bank Ltd. | -9.64% | -9.73% | -0.09% |
| Life Insurance Corporation of India | -2.02% | -1.94% | +0.08% |
| The Phoenix Mills Ltd. | -2.15% | -2.23% | -0.08% |
| Titan Company Ltd. | -0.82% | -0.74% | +0.08% |
| NBCC (India) Ltd. | -1.13% | -1.05% | +0.08% |
| PNB Housing Finance Ltd. | -3.73% | -3.66% | +0.07% |
| Yes Bank Ltd. | -0.99% | -0.94% | +0.05% |
| Reserve Bank of India | 2.49% | 2.53% | +0.04% |
| Hindustan Unilever Ltd. | -0.49% | -0.46% | +0.03% |
| Bank Of Baroda | -1.76% | -1.74% | +0.02% |
| Punjab National Bank | -2.13% | -2.14% | -0.01% |
| HDFC Life Insurance Co Ltd. | -0.30% | -0.29% | +0.01% |
| Dabur India Ltd. | -1.46% | -1.46% | 0.00% |
| LIC Housing Finance Ltd. | -0.38% | -0.38% | 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 | ₹39,759 Cr | 2.36% | 6.1% | 6.4% | 6.6% |
 Kotak Arbitrage Fund | ₹75,275 Cr | 2.86% | 6.2% | 6.4% | 6.6% |
 SBI Arbitrage Fund | ₹46,309 Cr | 1.95% | 6.2% | 6.4% | 6.6% |
 Invesco India Arbitrage Fund | ₹26,552 Cr | 2.82% | 6.3% | 6.4% | 6.6% |
 UTI Arbitrage Fund | ₹10,900 Cr | 1.80% | 6.0% | 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 investing in arbitrage opportunities that potentially exist between the cash and derivatives market as well as within the derivatives segment of the market. Investments may also be made in debt & money market instruments.
Fund managers
- Chetan ChavanMr. Chavan has done B.ComPrior to joining PGIM India Mutual Fund, he was associated with Bajaj Finserv Mutual Fund, Mahindra Manulife Investment Management Private Limited and Invesco Asset Management (India) Private Limited.
- Puneet PalMr. Pal is a B.Com (H) and MBA from SIBM Pune.Prior to joining PGIM India Mutual Fund, he has worked with BNP Paribas AMC as Head Fixed Income, UTI AMC as Sr. Vice President & Fund Manager & TATA AMC as Fund Manager.
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 months3.00% absolute | ₹60,000 | ₹61,800 | 3.00% | |
| 1 year5.99% annualised | ₹1,20,000 | ₹1,23,966 | 3.30% | |
| 3 years6.34% annualised | ₹3,60,000 | ₹3,97,457 | 10.40% | |
| 5 years5.83% annualised | ₹6,00,000 | ₹6,98,035 | 16.34% |
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.