TRUSTMF Arbitrage Fund
ArbitrageLowOPEN-ENDED
- NAV as on 9 Nov 2026
- ₹10.680.00%1 day
- Return since launch
- 5.7%
- 52-week range
- ₹10.09 — ₹10.68
- AUM
- ₹138 Cr
TRUSTMF Arbitrage Fund is a Arbitrage hybrid fund from TRUST Mutual Fund with ₹138 Cr under management, launched in 2025. The expense ratio is 2.19% and the SEBI riskometer reading is Low.
Performance
TRUSTMF 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% | −0.3 pts | 6.0% | 5.9% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | 0.4% | 0.0 pts | 0.4% | 0.4% |
| 3M | 1.4% | 0.0 pts | 1.4% | 1.4% |
| 6M | 2.8% | 0.0 pts | 2.9% | 2.9% |
| 1Y | 5.8% | −0.1 pts | 6.0% | 6.0% |
Since launch (18 Aug 2025): 5.7%
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
2.12%
Expense ratio as on 6 Nov 2026
Charged yearly and already deducted from the NAV.
- Base expense
- 0.85%
- Brokerage
- 0.20%
- Transaction charges
- 0.00%
- Statutory levies
- 1.07%
- Exit load
- Exit load of 0.25%, if redeemed within 7 days.
- Lock-in
- None
Terms
- Min SIP
- ₹1,000
- 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.
Portfolio
TRUSTMF Arbitrage Fund portfolio
Portfolio as of 30 Sep 2026
Asset allocation
- Debt21.9%
- Other78.6%
Market cap split
- Large79.6%
- Mid13.9%
- Small6.5%
- P/E
- 14.29
- P/B
- 2.13
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| Others | Others | 81.84% | ₹113 Cr | +215.28% | +192.21% | +218.23% |
| TRUSTMF Liquid Fund Direct - Growth | Unclassified | 18.59% | ₹25.62 Cr | +14.01% | +18.05% | +18.69% |
| Larsen & Toubro Ltd. | Construction | 2.20% | ₹3.03 Cr | — | -0.09% | — |
| Axis Bank Ltd. | Financial | 2.00% | ₹2.75 Cr | -2.20% | — | -6.87% |
| ICICI Bank Ltd. | Financial | 1.99% | ₹2.74 Cr | -3.77% | -5.85% | -3.53% |
| Tata Steel Ltd. | Metals & Mining | 1.98% | ₹2.73 Cr | -1.77% | — | — |
| Bharti Airtel Ltd. | Communication | 1.74% | ₹2.40 Cr | — | -0.26% | — |
| Nestle India Ltd. | Consumer Staples | 1.42% | ₹1.96 Cr | -1.71% | -0.53% | -4.75% |
| Maruti Suzuki India Ltd. | Automobile | 1.34% | ₹1.85 Cr | -6.76% | -3.91% | — |
| Bank Of Baroda | Financial | 0.54% | ₹0.74 Cr | -1.69% | -0.87% | -2.55% |
| LIC Housing Finance Ltd. | Financial | 0.46% | ₹0.64 Cr | — | — | — |
| Hindalco Industries Ltd. | Metals & Mining | 0.33% | ₹0.46 Cr | -1.63% | -0.37% | — |
| Titan Company Ltd. | Consumer Discretionary | 0.29% | ₹0.40 Cr | — | -1.25% | — |
| Apollo Hospitals Enterprise Ltd. | Healthcare | 0.01% | ₹0.01 Cr | — | — | — |
| HDFC Life Insurance Co Ltd. | Insurance | 0.00% | ₹0.00 Cr | — | — | — |
| Adani Ports and Special Economic Zone Ltd. | Services | 0.00% | ₹0.00 Cr | -0.28% | — | — |
| Indian Oil Corporation Ltd. | Energy | 0.00% | ₹0.00 Cr | -0.11% | — | — |
| Kotak Mahindra Bank Ltd. | Financial | 0.00% | ₹0.00 Cr | — | -1.06% | -7.45% |
| Eternal Ltd. | Services | 0.00% | ₹0.00 Cr | -4.60% | -6.35% | -8.28% |
| Power Grid Corporation Of India Ltd. | Energy | 0.00% | ₹0.00 Cr | -0.53% | — | — |
| Indusind Bank Ltd. | Financial | -0.00% | ₹-0.00 Cr | -1.28% | — | — |
| Asian Paints Ltd. | Materials | -0.00% | ₹-0.00 Cr | — | — | — |
| Varun Beverages Ltd. | Consumer Staples | -0.00% | ₹-0.00 Cr | -0.85% | — | — |
| Info Edge (India) Ltd. | Services | -0.00% | ₹-0.00 Cr | -2.19% | — | — |
| Cholamandalam Investment and Finance Company Ltd. | Financial | -0.00% | ₹-0.00 Cr | -4.57% | -4.84% | — |
| The Phoenix Mills Ltd. | Construction | -0.00% | ₹-0.00 Cr | -0.11% | — | — |
| Ultratech Cement Ltd. | Materials | -0.00% | ₹-0.00 Cr | -0.55% | — | — |
| SBI Cards And Payment Services Ltd. | Financial | -0.00% | ₹-0.00 Cr | — | — | — |
| Inox Wind Ltd. | Capital Goods | -0.00% | ₹-0.00 Cr | -0.57% | -2.11% | — |
| IDFC First Bank Ltd. | Financial | -0.00% | ₹-0.00 Cr | -1.80% | -1.32% | — |
| Interglobe Aviation Ltd. | Services | -0.00% | ₹-0.00 Cr | — | -2.49% | — |
| Ambuja Cements Ltd. | Materials | -0.00% | ₹-0.00 Cr | -1.57% | -0.89% | — |
| Astral Ltd. | Materials | -0.00% | ₹-0.00 Cr | — | — | — |
| Power Finance Corporation Ltd. | Financial | -0.00% | ₹-0.00 Cr | -2.26% | — | -2.59% |
| Sun Pharmaceutical Industries Ltd. | Healthcare | -0.00% | ₹-0.00 Cr | — | -0.19% | — |
| Patanjali Foods Ltd. | Consumer Staples | -0.00% | ₹-0.00 Cr | — | — | — |
| ITC Ltd. | Consumer Staples | -0.00% | ₹-0.01 Cr | -1.53% | -3.89% | — |
| Cummins India Ltd. | Capital Goods | -0.00% | ₹-0.01 Cr | — | — | — |
| Manappuram Finance Ltd. | Financial | -0.00% | ₹-0.01 Cr | — | — | — |
| Eicher Motors Ltd. | Automobile | -0.00% | ₹-0.01 Cr | -4.03% | — | — |
| Crompton Greaves Consumer Electricals Ltd. | Consumer Discretionary | -0.00% | ₹-0.01 Cr | -2.29% | -3.51% | -5.49% |
| HDFC Asset Management Company Ltd. | Financial | -0.01% | ₹-0.01 Cr | -1.69% | — | — |
| Vodafone Idea Ltd. | Communication | -0.01% | ₹-0.01 Cr | -6.46% | -6.99% | — |
| Indian Energy Exchange Ltd. | Services | -0.01% | ₹-0.01 Cr | -3.47% | — | — |
| Glenmark Pharmaceuticals Ltd. | Healthcare | -0.01% | ₹-0.01 Cr | -1.35% | -1.21% | — |
| Mahindra & Mahindra Ltd. | Automobile | -0.01% | ₹-0.01 Cr | -0.50% | — | -1.80% |
| Indus Towers Ltd. | Communication | -0.01% | ₹-0.01 Cr | -1.63% | — | — |
| Adani Energy Solutions Ltd. | Energy | -0.01% | ₹-0.01 Cr | -4.94% | — | — |
| The Indian Hotels Company Ltd. | Services | -0.01% | ₹-0.01 Cr | -2.10% | -2.42% | — |
| Punjab National Bank | Financial | -0.01% | ₹-0.01 Cr | -0.42% | — | -2.37% |
| Bandhan Bank Ltd. | Financial | -0.01% | ₹-0.01 Cr | -4.91% | -8.90% | -0.44% |
| State Bank of India | Financial | -0.01% | ₹-0.02 Cr | — | — | -10.02% |
| Yes Bank Ltd. | Financial | -0.01% | ₹-0.02 Cr | — | — | — |
| Reliance Industries Ltd. | Energy | -0.02% | ₹-0.02 Cr | -1.37% | -3.64% | -14.29% |
| Kalyan Jewellers India Ltd. | Consumer Discretionary | -0.02% | ₹-0.02 Cr | -4.61% | -2.52% | -7.00% |
| Bajaj Finance Ltd. | Financial | -0.02% | ₹-0.02 Cr | -6.02% | -2.90% | — |
| HDFC Bank Ltd. | Financial | -0.04% | ₹-0.05 Cr | -5.08% | -11.17% | -11.34% |
| Canara Bank | Financial | -0.06% | ₹-0.08 Cr | — | — | — |
| LIC Housing Finance Ltd. GDR/GDS | Financial | -0.47% | ₹-0.64 Cr | — | — | — |
| Bharti Airtel Ltd. Rights | Communication | -1.77% | ₹-2.43 Cr | — | — | — |
| Tata Steel Ltd. Pref. Shares 2.00 | Metals & Mining | -2.00% | ₹-2.76 Cr | — | — | — |
| ICICI Bank Ltd.(Partly Paid Equity) | Financial | -2.02% | ₹-2.79 Cr | — | — | — |
| Larsen & Toubro Ltd. Pref. Shares | Construction | -2.20% | ₹-3.03 Cr | — | — | — |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| Larsen & Toubro Ltd. | -1.16% | 2.20% | +3.36% |
| HDFC Bank Ltd. | -6.83% | -4.12% | +2.71% |
| Axis Bank Ltd. | -5.98% | -3.62% | +2.36% |
| Larsen & Toubro Ltd. Pref. Shares | 0.00% | -2.20% | -2.20% |
| ICICI Bank Ltd.(Partly Paid Equity) | 0.00% | -2.02% | -2.02% |
| Tata Steel Ltd. Pref. Shares 2.00 | 0.00% | -2.00% | -2.00% |
| Reliance Industries Ltd. | -1.99% | -3.85% | -1.86% |
| Bharti Airtel Ltd. Rights | 0.00% | -1.77% | -1.77% |
| Astral Ltd. | 0.00% | -1.73% | -1.73% |
| Ultratech Cement Ltd. | 0.90% | -0.84% | -1.73% |
| Bharti Airtel Ltd. | -2.72% | -1.41% | +1.31% |
| company:56 | -1.23% | 0.00% | +1.23% |
| company:12612 | -1.13% | 0.00% | +1.13% |
| TRUSTMF Liquid Fund Direct - Growth | 17.51% | 18.59% | +1.07% |
| Tata Steel Ltd. | -1.31% | -0.30% | +1.02% |
| LIC Housing Finance Ltd. | -0.48% | 0.46% | +0.94% |
| company:18639 | -0.91% | 0.00% | +0.91% |
| company:1523 | -0.90% | 0.00% | +0.90% |
| Mahindra & Mahindra Ltd. | -0.40% | -1.08% | -0.67% |
| Maruti Suzuki India Ltd. | -3.23% | -2.61% | +0.62% |
| Canara Bank | -7.02% | -6.43% | +0.59% |
| Bank Of Baroda | -0.68% | -0.10% | +0.58% |
| company:3696 | -0.56% | 0.00% | +0.56% |
| company:7040 | -0.53% | 0.00% | +0.53% |
| Eicher Motors Ltd. | -1.14% | -0.63% | +0.51% |
| Kotak Mahindra Bank Ltd. | -1.34% | -0.85% | +0.49% |
| Manappuram Finance Ltd. | 0.00% | -0.49% | -0.49% |
| LIC Housing Finance Ltd. GDR/GDS | 0.00% | -0.47% | -0.47% |
| company:8003 | -0.43% | 0.00% | +0.43% |
| Vodafone Idea Ltd. | -2.98% | -2.56% | +0.42% |
| Kalyan Jewellers India Ltd. | -3.34% | -2.94% | +0.39% |
| Interglobe Aviation Ltd. | 0.00% | -0.38% | -0.38% |
| Bajaj Finance Ltd. | -2.99% | -2.63% | +0.36% |
| Others | 77.77% | 77.44% | -0.33% |
| Grasim Industries Ltd. | 0.31% | 0.00% | -0.31% |
| company:19327 | -0.31% | 0.00% | +0.31% |
| company:4492 | -0.28% | 0.00% | +0.28% |
| Inox Wind Ltd. | 0.13% | -0.13% | -0.26% |
| Sun Pharmaceutical Industries Ltd. | 0.00% | -0.23% | -0.23% |
| Indian Energy Exchange Ltd. | -1.72% | -1.49% | +0.23% |
| Power Finance Corporation Ltd. | 0.00% | -0.22% | -0.22% |
| State Bank of India | -1.71% | -1.53% | +0.18% |
| Titan Company Ltd. | 0.00% | -0.18% | -0.18% |
| ICICI Bank Ltd. | -2.28% | -2.10% | +0.17% |
| Apollo Hospitals Enterprise Ltd. | -1.49% | -1.33% | +0.17% |
| Yes Bank Ltd. | -1.92% | -1.76% | +0.16% |
| Indus Towers Ltd. | -2.69% | -2.54% | +0.15% |
| Asian Paints Ltd. | -0.48% | -0.35% | +0.13% |
| company:18192 | -0.13% | 0.00% | +0.13% |
| Adani Energy Solutions Ltd. | -1.10% | -0.97% | +0.13% |
| Eternal Ltd. | 0.00% | -0.11% | -0.11% |
| Cholamandalam Investment and Finance Company Ltd. | -0.77% | -0.66% | +0.11% |
| Ambuja Cements Ltd. | -1.02% | -0.91% | +0.10% |
| Bandhan Bank Ltd. | -1.82% | -1.92% | -0.10% |
| HDFC Asset Management Company Ltd. | -0.75% | -0.65% | +0.10% |
| company:17109 | -0.09% | 0.00% | +0.09% |
| company:15609 | -0.09% | 0.00% | +0.09% |
| Indusind Bank Ltd. | -0.63% | -0.55% | +0.08% |
| Crompton Greaves Consumer Electricals Ltd. | -0.60% | -0.53% | +0.08% |
| SBI Cards And Payment Services Ltd. | 0.00% | -0.07% | -0.07% |
| Info Edge (India) Ltd. | -0.50% | -0.44% | +0.06% |
| Glenmark Pharmaceuticals Ltd. | -0.70% | -0.64% | +0.06% |
| IDFC First Bank Ltd. | -0.88% | -0.82% | +0.06% |
| Cummins India Ltd. | -0.54% | -0.49% | +0.05% |
| Punjab National Bank | -1.37% | -1.32% | +0.05% |
| company:1458 | -0.05% | 0.00% | +0.05% |
| ITC Ltd. | -1.30% | -1.25% | +0.04% |
| HDFC Life Insurance Co Ltd. | -0.49% | -0.46% | +0.04% |
| Nestle India Ltd. | -0.16% | -0.14% | +0.02% |
| Patanjali Foods Ltd. | -0.78% | -0.80% | -0.02% |
| Varun Beverages Ltd. | -0.59% | -0.60% | -0.01% |
| The Indian Hotels Company Ltd. | -0.97% | -0.96% | +0.01% |
| Adani Ports and Special Economic Zone Ltd. | -0.12% | -0.12% | -0.01% |
| Hindalco Industries Ltd. | -0.05% | -0.05% | +0.01% |
| Indian Oil Corporation Ltd. | -0.05% | -0.05% | 0.00% |
| Power Grid Corporation Of India Ltd. | -0.04% | -0.04% | 0.00% |
| The Phoenix Mills Ltd. | -0.05% | -0.05% | 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 capital appreciation and income by predominantly investing in arbitrage opportunities in the cash and derivatives segment of the equity market, and the arbitrage opportunities available within the derivative segment and by investing the balance in debt and money market instruments.
Fund managers
- Bhavin HemaniCFA (ICFAI), B.ComPrior to joining Trust AMC, he was associated with JM Financial Asset Management Ltd.
- Mihir VoraMr. Vora is B.E.(Mechanical) and has a PGDM from IIM, Lucknow.Prior to this, he worked with ABN Amro AMC, managing equity funds, with Pru ICICI AMC for 4 long years and SBI with Funds Mgt. Ltd. from 1994-2000.
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 months2.82% absolute | ₹60,000 | ₹61,692 | 2.82% | |
| 1 year5.82% annualised | ₹1,20,000 | ₹1,23,851 | 3.21% |
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 TRUSTMF Arbitrage Fund?
The NAV of TRUSTMF Arbitrage Fund is ₹10.68 as on 9 Nov 2026.
What is the expense ratio of TRUSTMF Arbitrage Fund?
The expense ratio of TRUSTMF Arbitrage Fund is 2.19% per year.
What is the minimum SIP amount for TRUSTMF Arbitrage Fund?
You can start a SIP in TRUSTMF Arbitrage Fund with ₹1,000 a month.
Is there a lock-in or exit load on TRUSTMF Arbitrage Fund?
Lock-in: None. Exit load: Exit load of 0.25%, if redeemed within 7 days..
How risky is TRUSTMF Arbitrage Fund?
TRUSTMF Arbitrage Fund is rated Low on the SEBI riskometer and belongs to the Arbitrage category.
Which fund house manages TRUSTMF Arbitrage Fund?
TRUSTMF Arbitrage Fund is managed by TRUST Mutual Fund, which runs 11 schemes with ₹7,445 Cr under management.