Mutual fund · Arbitrage· NAV-verified
Nippon India Arbitrage Fund
₹17,216 cr across 161 positions, as filed for 2026-09-30. Returns are the fund's AMFI growth-plan NAV; holdings and behavior come from its filed monthly portfolios.
Returns, against the category
Q2 FY27: +6% over 1 year against the median Arbitrage fund's +6%.
| Over | Quarter | 1 year | 3 years (ann.) | 5 years (ann.) |
|---|---|---|---|---|
| Nippon India Arbitrage Fund | +1% | +6% | +7% | +6% |
| Median Arbitrage fund | +1% | +6% | +7% | +6% |
+7%Q3 FY24+7%Q4 FY24+8%Q1 FY25+7%Q2 FY25+7%Q3 FY25+7%Q4 FY25+7%Q1 FY26+6%Q2 FY26+6%Q3 FY26+6%Q4 FY26+6%Q1 FY27+6%Q2 FY27
What moved the fund, last 12 filed months
Contribution = the fund's filed weight each month × that stock's price move in its own filings, in percentage points of NAV. Corporate-action months are left out.
| Stock | 12 months | Latest month |
|---|---|---|
| Vedanta Limited | +0.8 pp | −0.0 pp |
| Vodafone Idea Limited | +0.8 pp | −0.1 pp |
| State Bank of India | +0.7 pp | −0.2 pp |
| Axis Bank Limited | +0.6 pp | −0.2 pp |
| Shriram Finance Limited | +0.6 pp | −0.1 pp |
| Stock | 12 months | Latest month |
|---|---|---|
| HDFC Bank Limited | −1.3 pp | −0.0 pp |
| Jio Financial Services Limited | −0.5 pp | −0.1 pp |
| ITC Limited | −0.5 pp | +0.0 pp |
| Tata Motors Passenger Vehicles Limited | −0.4 pp | −0.0 pp |
| Dixon Technologies (India) Limited | −0.4 pp | 0.0 pp |
Holdings, as filed for 2026-09-30
| Holding | Sector | % of fund | Value | Held for | Vs avg cost |
|---|---|---|---|---|---|
| Reliance Industries Limited | Oil, Gas & Consumable Fuels | 4.83% | ₹832 cr | 106 mo | -9% |
| HDFC Bank | Financial Services | 4.62% | ₹796 cr | 45 mo | -19% |
| ICICI Bank | Financial Services | 4.21% | ₹726 cr | 24 mo | -1% |
| Axis Bank | Financial Services | 2.45% | ₹422 cr | 39 mo | +5% |
| State Bank of India | Financial Services | 2.02% | ₹348 cr | 45 mo | -4% |
| JSW Steel | Metals & Mining | 1.81% | ₹312 cr | 22 mo | +19% |
| Bajaj Finance Limited | Financial Services | 1.71% | ₹295 cr | 37 mo | -1% |
| Maruti Suzuki India Limited | Automobile and Auto Components | 1.42% | ₹244 cr | 23 mo | -12% |
| Tata Steel | Metals & Mining | 1.35% | ₹232 cr | 35 mo | -0% |
| Vodafone Idea Limited | Telecommunication | 1.34% | ₹230 cr | 71 mo | +13% |
| Adani Enterprises Limited | Metals & Mining | 1.32% | ₹227 cr | 7 mo | +23% |
| Larsen & Toubro Limited | Construction | 1.31% | ₹226 cr | 50 mo | -2% |
| Canara Bank | Financial Services | 1.17% | ₹201 cr | 9 mo | -6% |
| S A I L | Metals & Mining | 1.11% | ₹191 cr | 52 mo | +25% |
| Kotak Mahindra Bank Limited | Financial Services | 1.09% | ₹187 cr | 38 mo | +6% |
How this fund actually behaves
Computed from every filed monthly portfolio (169 months of filings) by the research pipeline.
| Holding patience | Median months a position is held (25th–75th band) | 3 mo (1–9) |
| Win rate on exits | Closed positions sold above entry, and the payoff ratio (542 exits) | 43% · payoff 1.6× |
| Loser handling | Cuts losers vs averages down, from 12 months of filings | Averages down |
| Entry valuation discipline | Median P/E paid on entries over 36 months; share above 50× | 44× · 43% over 50× |
| Portfolio valuation today | Weighted P/E and P/B of the current book at filed prices | 40.3× P/E · 4.8× P/B · 1% loss-makers |
| Churn | Stocks entered and exited in 12 months, of 161 positions | 165 in · 172 out |
| Concentration | Top 10 holdings' share; effective number of positions | 26% · ~42 effective |