TRUSTMF Arbitrage Fund
ArbitrageLowOPEN-ENDED
- NAV as on 25 Sep 2026
- ₹10.60+0.08%1 day
- Return since launch
- 5.6%
- 52-week range
- ₹10.04 — ₹10.60
- AUM
- ₹134 Cr
TRUSTMF Arbitrage Fund is a Arbitrage hybrid fund from TRUST Mutual Fund with ₹134 Cr under management, launched in 2025. The expense ratio is 2.33% 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 +5.6% 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 | 5.6% | −0.3 pts | 5.9% | 6.0% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | 0.6% | −0.1 pts | 0.7% | 0.5% |
| 3M | 1.4% | 0.0 pts | 1.4% | 1.4% |
| 6M | 2.6% | −0.1 pts | 2.7% | 2.8% |
| 1Y | 5.6% | −0.3 pts | 5.9% | 6.0% |
Since launch (18 Aug 2025): 5.6%
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
2.22%
Expense ratio as on 25 Sep 2026
Charged yearly and already deducted from the NAV.
- Base expense
- 0.85%
- Brokerage
- 0.21%
- Transaction charges
- 0.00%
- Statutory levies
- 1.16%
- 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 31 Aug 2026
Asset allocation
- Debt17.4%
- Other83.0%
Market cap split
- Large78.3%
- Mid15.6%
- Small6.1%
- P/E
- 14.56
- P/B
- 2.17
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| Others | Others | 82.86% | ₹111 Cr | +225.50% | +213.96% | +3.39% |
| TRUSTMF Liquid Fund Direct - Growth | Unclassified | 17.51% | ₹23.50 Cr | +14.14% | — | +20.35% |
| Ultratech Cement Ltd. | Materials | 0.90% | ₹1.20 Cr | — | — | — |
| company:1308 | Materials | 0.31% | ₹0.42 Cr | -0.28% | — | — |
| Axis Bank Ltd. | Financial | 0.14% | ₹0.18 Cr | -3.21% | — | — |
| Inox Wind Ltd. | Capital Goods | 0.13% | ₹0.18 Cr | -0.47% | -1.34% | — |
| Yes Bank Ltd. | Financial | 0.04% | ₹0.05 Cr | — | — | — |
| Indus Towers Ltd. | Communication | 0.02% | ₹0.03 Cr | — | — | — |
| The Indian Hotels Company Ltd. | Services | 0.02% | ₹0.03 Cr | -2.30% | — | — |
| HDFC Asset Management Company Ltd. | Financial | 0.01% | ₹0.02 Cr | — | — | — |
| IDFC First Bank Ltd. | Financial | 0.01% | ₹0.02 Cr | — | -1.72% | — |
| company:12612 | Services | 0.01% | ₹0.01 Cr | — | — | — |
| company:8003 | Construction | 0.01% | ₹0.01 Cr | -1.03% | -1.25% | — |
| State Bank of India | Financial | 0.01% | ₹0.01 Cr | — | — | — |
| Asian Paints Ltd. | Materials | 0.01% | ₹0.01 Cr | — | — | — |
| Indusind Bank Ltd. | Financial | 0.01% | ₹0.01 Cr | -1.80% | — | — |
| Tata Steel Ltd. | Metals & Mining | 0.01% | ₹0.01 Cr | — | — | — |
| Cholamandalam Investment and Finance Company Ltd. | Financial | 0.00% | ₹0.01 Cr | -6.54% | -6.44% | — |
| Nestle India Ltd. | Consumer Staples | 0.00% | ₹0.01 Cr | — | -0.61% | — |
| Canara Bank | Financial | 0.00% | ₹0.00 Cr | -0.62% | — | — |
| Coal India Ltd. | Materials | 0.00% | ₹0.00 Cr | — | — | — |
| Polycab India Ltd. | Capital Goods | 0.00% | ₹0.00 Cr | — | — | — |
| Crompton Greaves Consumer Electricals Ltd. | Consumer Discretionary | 0.00% | ₹0.00 Cr | -3.34% | -2.62% | — |
| One97 Communications Ltd. | Services | 0.00% | ₹0.00 Cr | — | — | — |
| Indian Oil Corporation Ltd. | Energy | 0.00% | ₹0.00 Cr | -0.16% | — | — |
| Maruti Suzuki India Ltd. | Automobile | 0.00% | ₹0.00 Cr | — | — | — |
| Havells India Ltd. | Capital Goods | 0.00% | ₹0.00 Cr | — | — | — |
| Bank Of Baroda | Financial | 0.00% | ₹0.00 Cr | -2.39% | — | — |
| The Phoenix Mills Ltd. | Construction | -0.00% | ₹-0.00 Cr | — | — | — |
| company:4908 | Energy | -0.00% | ₹-0.00 Cr | -1.04% | — | — |
| Hindalco Industries Ltd. | Metals & Mining | -0.00% | ₹-0.00 Cr | — | — | — |
| company:2089 | Financial | -0.00% | ₹-0.00 Cr | — | — | — |
| HDFC Life Insurance Co Ltd. | Insurance | -0.00% | ₹-0.00 Cr | — | — | — |
| Apollo Hospitals Enterprise Ltd. | Healthcare | -0.00% | ₹-0.00 Cr | — | — | — |
| Larsen & Toubro Ltd. | Construction | -0.00% | ₹-0.00 Cr | — | — | — |
| ICICI Bank Ltd. | Financial | -0.00% | ₹-0.00 Cr | -8.47% | -6.67% | — |
| Indian Energy Exchange Ltd. | Services | -0.00% | ₹-0.00 Cr | -2.93% | — | — |
| Patanjali Foods Ltd. | Consumer Staples | -0.00% | ₹-0.00 Cr | — | — | — |
| Adani Ports and Special Economic Zone Ltd. | Services | -0.00% | ₹-0.01 Cr | — | — | — |
| UNO Minda Ltd. | Automobile | -0.01% | ₹-0.01 Cr | -1.43% | -3.08% | — |
| company:819 | Capital Goods | -0.01% | ₹-0.01 Cr | — | — | — |
| Glenmark Pharmaceuticals Ltd. | Healthcare | -0.01% | ₹-0.01 Cr | -1.00% | -1.26% | — |
| Punjab National Bank | Financial | -0.01% | ₹-0.01 Cr | — | — | — |
| Mahindra & Mahindra Ltd. | Automobile | -0.01% | ₹-0.01 Cr | — | — | — |
| Eicher Motors Ltd. | Automobile | -0.01% | ₹-0.02 Cr | -0.68% | — | — |
| Steel Authority Of India Ltd. | Metals & Mining | -0.01% | ₹-0.02 Cr | — | — | — |
| Ambuja Cements Ltd. | Materials | -0.01% | ₹-0.02 Cr | -0.77% | -1.15% | — |
| company:14484 | Consumer Staples | -0.01% | ₹-0.02 Cr | — | — | — |
| Info Edge (India) Ltd. | Services | -0.02% | ₹-0.02 Cr | — | — | — |
| Hindustan Unilever Ltd. | Consumer Staples | -0.02% | ₹-0.03 Cr | -0.75% | — | — |
| Kotak Mahindra Bank Ltd. | Financial | -0.02% | ₹-0.03 Cr | -4.33% | -1.31% | — |
| Bandhan Bank Ltd. | Financial | -0.02% | ₹-0.03 Cr | -10.23% | -11.93% | — |
| Adani Energy Solutions Ltd. | Energy | -0.03% | ₹-0.04 Cr | — | — | — |
| Reliance Industries Ltd. | Energy | -0.04% | ₹-0.05 Cr | -6.18% | -3.97% | — |
| Bajaj Finance Ltd. | Financial | -0.04% | ₹-0.05 Cr | — | -6.33% | — |
| Adani Enterprises Ltd. | Services | -0.04% | ₹-0.06 Cr | -8.94% | — | — |
| ITC Ltd. | Consumer Staples | -0.05% | ₹-0.06 Cr | -2.16% | -4.44% | — |
| HDFC Bank Ltd. | Financial | -0.06% | ₹-0.08 Cr | -9.94% | -12.60% | — |
| Kalyan Jewellers India Ltd. | Consumer Discretionary | -0.07% | ₹-0.09 Cr | — | -2.89% | — |
| Vodafone Idea Ltd. | Communication | -0.08% | ₹-0.11 Cr | -8.22% | -9.09% | — |
| company:5722 | Communication | -0.09% | ₹-0.12 Cr | — | — | — |
| Inox Wind Ltd. Pref. Shares | Capital Goods | -0.13% | ₹-0.18 Cr | — | — | — |
| company:19327 | Materials | -0.31% | ₹-0.42 Cr | — | — | — |
| company:18639 | Materials | -0.91% | ₹-1.22 Cr | — | — | — |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| Canara Bank | -1.80% | -7.02% | -5.22% |
| Axis Bank Ltd. | -2.97% | -5.98% | -3.01% |
| HDFC Bank Ltd. | -3.86% | -6.83% | -2.97% |
| company:5722 | 0.00% | -2.72% | -2.72% |
| TRUSTMF Liquid Fund Direct - Growth | 15.40% | 17.51% | +2.11% |
| Indus Towers Ltd. | -0.67% | -2.69% | -2.02% |
| TVS Motor Company Ltd. | -1.99% | 0.00% | +1.99% |
| Reliance Industries Ltd. | -3.76% | -1.99% | +1.77% |
| Ultratech Cement Ltd. | -0.83% | 0.90% | +1.72% |
| Adani Enterprises Ltd. | -2.59% | -1.23% | +1.36% |
| Apollo Hospitals Enterprise Ltd. | -0.15% | -1.49% | -1.35% |
| ITC Ltd. | -0.10% | -1.30% | -1.20% |
| Crompton Greaves Consumer Electricals Ltd. | -1.78% | -0.60% | +1.18% |
| Cholamandalam Investment and Finance Company Ltd. | -1.91% | -0.77% | +1.14% |
| company:12612 | 0.00% | -1.13% | -1.13% |
| Adani Energy Solutions Ltd. | -2.20% | -1.10% | +1.10% |
| Larsen & Toubro Ltd. | -2.10% | -1.16% | +0.93% |
| company:18639 | 0.00% | -0.91% | -0.91% |
| Tata Steel Ltd. | -0.41% | -1.31% | -0.90% |
| Eicher Motors Ltd. | -1.81% | -1.14% | +0.68% |
| Vodafone Idea Ltd. | -2.34% | -2.98% | -0.64% |
| Info Edge (India) Ltd. | -1.11% | -0.50% | +0.61% |
| company:14484 | 0.00% | -0.59% | -0.59% |
| Nestle India Ltd. | -0.75% | -0.16% | +0.58% |
| company:819 | 0.00% | -0.54% | -0.54% |
| Britannia Industries Ltd. | -0.49% | 0.00% | +0.49% |
| Maruti Suzuki India Ltd. | -2.75% | -3.23% | -0.48% |
| company:2089 | 0.00% | -0.48% | -0.48% |
| Bajaj Finserv Ltd. | -0.44% | 0.00% | +0.44% |
| ICICI Bank Ltd. | -1.85% | -2.28% | -0.43% |
| company:8003 | 0.00% | -0.43% | -0.43% |
| State Bank of India | -1.28% | -1.71% | -0.42% |
| Others | 77.37% | 77.77% | +0.41% |
| Tata Motors Passenger Vehicles Ltd. | -0.40% | 0.00% | +0.40% |
| Bajaj Holdings & Investment Ltd. | -0.39% | 0.00% | +0.39% |
| Kalyan Jewellers India Ltd. | -2.95% | -3.34% | -0.39% |
| company:1308 | 0.00% | 0.31% | +0.31% |
| company:19327 | 0.00% | -0.31% | -0.31% |
| Eternal Ltd. | -0.29% | 0.00% | +0.29% |
| Hindustan Unilever Ltd. | -0.62% | -0.90% | -0.27% |
| Kotak Mahindra Bank Ltd. | -1.08% | -1.34% | -0.25% |
| Shriram Finance Ltd | -0.23% | 0.00% | +0.23% |
| Bajaj Finance Ltd. | -2.77% | -2.99% | -0.22% |
| Tata Power Company Ltd. | -0.22% | 0.00% | +0.22% |
| Inox Wind Ltd. | -0.07% | 0.13% | +0.20% |
| Yes Bank Ltd. | -1.73% | -1.92% | -0.19% |
| Punjab National Bank | -1.19% | -1.37% | -0.18% |
| Glenmark Pharmaceuticals Ltd. | -0.55% | -0.70% | -0.15% |
| Steel Authority Of India Ltd. | -0.42% | -0.56% | -0.14% |
| Bandhan Bank Ltd. | -1.69% | -1.82% | -0.13% |
| Mahindra & Mahindra Ltd. | -0.27% | -0.40% | -0.13% |
| IDFC First Bank Ltd. | -0.78% | -0.88% | -0.10% |
| UNO Minda Ltd. | -0.43% | -0.53% | -0.10% |
| The Indian Hotels Company Ltd. | -0.88% | -0.97% | -0.09% |
| Mphasis Ltd. | -0.08% | 0.00% | +0.08% |
| HDFC Asset Management Company Ltd. | -0.68% | -0.75% | -0.07% |
| Patanjali Foods Ltd. | -0.71% | -0.78% | -0.07% |
| Indusind Bank Ltd. | -0.56% | -0.63% | -0.07% |
| Inox Wind Ltd. Pref. Shares | -0.07% | -0.13% | -0.07% |
| Bank Of Baroda | -0.61% | -0.68% | -0.06% |
| Ambuja Cements Ltd. | -0.96% | -1.02% | -0.05% |
| HDFC Life Insurance Co Ltd. | -0.44% | -0.49% | -0.05% |
| Indian Energy Exchange Ltd. | -1.68% | -1.72% | -0.05% |
| company:4908 | 0.00% | -0.04% | -0.04% |
| Asian Paints Ltd. | -0.45% | -0.48% | -0.03% |
| One97 Communications Ltd. | -0.06% | -0.09% | -0.03% |
| Coal India Ltd. | -0.26% | -0.28% | -0.02% |
| Polycab India Ltd. | -0.08% | -0.09% | -0.01% |
| Adani Ports and Special Economic Zone Ltd. | -0.11% | -0.12% | -0.01% |
| Hindalco Industries Ltd. | -0.05% | -0.05% | -0.01% |
| The Phoenix Mills Ltd. | -0.04% | -0.05% | -0.01% |
| Indian Oil Corporation Ltd. | -0.04% | -0.05% | 0.00% |
| Havells India Ltd. | -0.04% | -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 | ₹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 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 months2.60% absolute | ₹60,000 | ₹61,560 | 2.60% | |
| 1 year5.57% annualised | ₹1,20,000 | ₹1,23,683 | 3.07% |
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 ₹10.60 as on 25 Sep 2026.
What is the expense ratio of TRUSTMF Arbitrage Fund?
The expense ratio of TRUSTMF Arbitrage Fund is 2.33% 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 ₹5,075 Cr under management.