PGIM India Arbitrage Fund
- NAV as on 24 Sep 2026
- ₹19.62-0.07%1 day
- Return since launch
- 5.7%
- 52-week range
- ₹18.55 — ₹19.63
- AUM
- ₹99.08 Cr
PGIM India Arbitrage Fund is a Arbitrage hybrid fund from PGIM India Mutual Fund with ₹99.08 Cr under management, launched in 2014. Over three years it has returned 6.0% a year, against 6.5% for its category. The expense ratio is 1.81% 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 +5.8% 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% | 5.8% |
| 2Y | 5.7% | −0.1 pts | 5.9% | 6.0% |
| 3Y | 6.0% | −0.5 pts | 6.5% | 6.2% |
| 5Y | 6.1% | +0.2 pts | 5.9% | 6.3% |
| 7Y | 5.7% | −0.2 pts | 5.9% | 5.9% |
| 10Y | 5.5% | −0.1 pts | 5.6% | 5.7% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | 0.3% | 0.0 pts | 0.3% | 0.3% |
| 3M | 1.3% | 0.0 pts | 1.3% | 1.3% |
| 6M | 2.8% | +0.1 pts | 2.7% | 2.8% |
| 1Y | 5.8% | −0.1 pts | 5.9% | 6.0% |
| 2Y | 5.9% | −0.2 pts | 6.1% | 6.2% |
| 3Y | 6.3% | −0.2 pts | 6.5% | 6.6% |
| 5Y | 5.7% | −0.2 pts | 5.9% | 6.0% |
| 7Y | 5.2% | −0.2 pts | 5.4% | 5.4% |
| 10Y | 5.4% | −0.2 pts | 5.6% | 5.6% |
Since launch (13 Aug 2014): 5.7%
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
1.93%
Expense ratio as on 23 Sep 2026
Charged yearly and already deducted from the NAV.
- Base expense
- 0.88%
- Brokerage
- 0.12%
- Transaction charges
- 0.04%
- Statutory levies
- 0.89%
- 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 | 0.58 | 0.62 | How hard the fund moves when the market moves. Under 1 is steadier than the market. |
| Sharpe | 0.96 | 1.88 | Return earned for each unit of total risk taken. Higher is better. |
| Sortino | 1.34 | 2.31 | 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 31 Aug 2026
Asset allocation
- Debt30.3%
- Other70.3%
Market cap split
- Large84.3%
- Mid8.5%
- Small7.2%
- P/E
- 13.80
- P/B
- 2.12
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| Others | Others | 75.41% | ₹74.69 Cr | +9.30% | +13.16% | +7.96% |
| PGIM India Liquid Fund Direct Plan-Growth | Unclassified | 12.54% | ₹12.43 Cr | +20.34% | +23.71% | +20.47% |
| Reserve Bank of India | Financial | 2.49% | ₹2.47 Cr | +5.42% | +0.18% | +0.46% |
| Axis Bank Ltd. | Financial | 0.13% | ₹0.12 Cr | -2.82% | -2.64% | -1.96% |
| HDFC Asset Management Company Ltd. | Financial | 0.06% | ₹0.07 Cr | -7.58% | -6.66% | — |
| Grasim Industries Ltd. | Materials | 0.02% | ₹0.02 Cr | -3.76% | -2.94% | -2.86% |
| company:7079 | Financial | 0.01% | ₹0.01 Cr | — | — | — |
| Bank Of Baroda | Financial | 0.00% | ₹0.00 Cr | -4.30% | -4.50% | — |
| JIO Financial Services Ltd. | Financial | 0.00% | ₹0.01 Cr | -3.20% | — | — |
| NBCC (India) Ltd. | Construction | 0.00% | ₹-0.00 Cr | -2.86% | — | — |
| company:14919 | Insurance | 0.00% | ₹-0.00 Cr | — | — | — |
| company:2089 | Financial | 0.00% | ₹-0.00 Cr | — | — | — |
| company:2832 | Construction | 0.00% | ₹-0.00 Cr | — | — | — |
| Punjab National Bank | Financial | -0.01% | ₹-0.01 Cr | -4.28% | -4.56% | — |
| Titan Company Ltd. | Consumer Discretionary | -0.01% | ₹-0.01 Cr | -10.92% | -12.14% | -9.98% |
| Hindustan Unilever Ltd. | Consumer Staples | -0.01% | ₹-0.01 Cr | -1.12% | — | — |
| UPL Ltd. | Chemicals | -0.01% | ₹-0.01 Cr | -1.72% | -1.48% | — |
| company:773 | Services | -0.01% | ₹-0.01 Cr | — | — | — |
| company:5765 | Insurance | -0.01% | ₹-0.01 Cr | — | — | — |
| company:14552 | Services | -0.02% | ₹-0.02 Cr | — | — | — |
| Ambuja Cements Ltd. | Materials | -0.02% | ₹-0.02 Cr | -4.82% | -4.72% | -5.20% |
| Dabur India Ltd. | Consumer Staples | -0.02% | ₹-0.02 Cr | -3.64% | -3.72% | — |
| PNB Housing Finance Ltd. | Financial | -0.04% | ₹-0.04 Cr | -7.22% | -4.42% | -3.94% |
| ICICI Bank Ltd. | Financial | -0.04% | ₹-0.04 Cr | -7.90% | -5.92% | — |
| Varun Beverages Ltd. | Consumer Staples | -0.08% | ₹-0.08 Cr | — | — | — |
| HDFC Bank Ltd. | Financial | -0.10% | ₹-0.11 Cr | -18.74% | -18.28% | -16.88% |
| Reliance Industries Ltd. | Energy | -0.12% | ₹-0.11 Cr | -13.70% | -14.54% | -17.02% |
| Bharti Airtel Ltd. | Communication | -0.14% | ₹-0.13 Cr | -5.52% | -4.96% | -4.88% |
| Vodafone Idea Ltd. | Communication | -0.15% | ₹-0.15 Cr | -11.62% | -7.66% | -3.64% |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| PGIM India Liquid Fund Direct Plan-Growth | 19.62% | 12.54% | -7.08% |
| Havells India Ltd. | -6.14% | 0.00% | +6.14% |
| HDFC Bank Ltd. | -4.34% | -9.64% | -5.30% |
| Others | 1.06% | 5.85% | +4.79% |
| ICICI Bank Ltd. | -4.92% | -9.39% | -4.47% |
| Titan Company Ltd. | -5.23% | -0.82% | +4.41% |
| Axis Bank Ltd. | -1.48% | -5.53% | -4.05% |
| Reserve Bank of India | 0.24% | 2.49% | +2.25% |
| company:2832 | 0.00% | -2.15% | -2.15% |
| company:5765 | 0.00% | -2.02% | -2.02% |
| company:14552 | 0.00% | -2.01% | -2.01% |
| Reliance Industries Ltd. | -7.47% | -6.24% | +1.23% |
| company:7079 | 0.00% | -0.99% | -0.99% |
| Varun Beverages Ltd. | -4.01% | -3.12% | +0.89% |
| company:773 | 0.00% | -0.85% | -0.85% |
| JIO Financial Services Ltd. | -1.89% | -1.14% | +0.75% |
| HDFC Asset Management Company Ltd. | -4.06% | -3.43% | +0.63% |
| Ambuja Cements Ltd. | -2.63% | -2.06% | +0.57% |
| Dabur India Ltd. | -1.90% | -1.46% | +0.44% |
| Bank Of Baroda | -2.14% | -1.76% | +0.38% |
| company:2089 | 0.00% | -0.38% | -0.38% |
| Punjab National Bank | -2.50% | -2.13% | +0.37% |
| Bharti Airtel Ltd. | -3.26% | -3.61% | -0.35% |
| NBCC (India) Ltd. | -1.48% | -1.13% | +0.35% |
| Vodafone Idea Ltd. | -5.94% | -5.63% | +0.31% |
| PNB Housing Finance Ltd. | -4.03% | -3.73% | +0.30% |
| company:14919 | 0.00% | -0.30% | -0.30% |
| Grasim Industries Ltd. | -2.05% | -1.85% | +0.20% |
| UPL Ltd. | -0.89% | -0.70% | +0.19% |
| Hindustan Unilever Ltd. | -0.61% | -0.49% | +0.12% |
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 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 months2.78% absolute | ₹60,000 | ₹61,668 | 2.78% | |
| 1 year5.80% annualised | ₹1,20,000 | ₹1,23,838 | 3.20% | |
| 3 years6.33% annualised | ₹3,60,000 | ₹3,97,394 | 10.39% | |
| 5 years5.71% annualised | ₹6,00,000 | ₹6,95,820 | 15.97% |
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.