Arbitrage Mutual Funds
All 40 arbitrage funds, Direct Growth plans, compared on returns, risk and cost. NAV as of 7 Oct 2026.
Category average
+7.2%
3 years, a year
Category average
+6.6%
5 years, a year
Category average
0.6%
Volatility, 3 years
Category average
1.45%
Expense ratio
Arbitrage funds compared
| Fund | 1Y | 3Y a year | 5Y a year | Volatility 3Y | Worst fall 5Y | Expense | Fund size |
|---|---|---|---|---|---|---|---|
| +7.0% | +7.5% | +7.1% | 0.5% | -0.4% | 2.31% | ₹30,618 Cr | |
| +6.9% | +7.5% | +7.0% | 0.6% | -0.5% | 2.40% | ₹75,712 Cr | |
| +6.8% | +7.4% | +6.9% | 0.6% | -0.4% | 1.67% | ₹14,849 Cr | |
| +6.9% | +7.5% | +6.9% | 0.6% | -0.4% | 1.70% | ₹24,950 Cr | |
| +6.8% | +7.4% | +6.8% | 0.6% | -0.5% | 1.26% | ₹27,237 Cr | |
| +6.8% | +7.4% | +6.8% | 0.6% | -0.4% | 1.45% | ₹10,594 Cr | |
| +6.8% | +7.3% | +6.8% | 0.6% | -0.5% | 1.37% | ₹17,533 Cr | |
| +6.7% | +7.3% | +6.8% | 0.5% | -0.5% | 1.46% | ₹47,283 Cr | |
| +6.9% | +7.4% | +6.8% | 0.6% | -0.4% | 2.69% | ₹3,838 Cr | |
| +6.8% | +7.3% | +6.8% | 0.6% | -0.4% | 1.62% | ₹34,850 Cr | |
| +6.6% | +7.3% | +6.8% | 0.6% | -0.4% | 1.67% | ₹7,796 Cr | |
| +6.7% | +7.3% | +6.7% | 0.6% | -0.4% | 1.28% | ₹11,132 Cr | |
| +6.7% | +7.3% | +6.7% | 0.6% | -0.5% | 1.53% | ₹25,509 Cr | |
| +6.6% | +7.2% | +6.7% | 0.6% | -0.4% | 1.20% | ₹6,673 Cr | |
| +6.7% | +7.2% | +6.7% | 0.6% | -0.3% | 1.47% | ₹3,288 Cr | |
| +6.4% | +7.2% | +6.6% | 0.6% | -0.3% | 1.58% | ₹1,055 Cr | |
| +6.8% | +7.1% | +6.6% | 0.5% | -0.4% | 1.17% | ₹310 Cr | |
| +6.7% | +7.2% | +6.6% | 0.6% | -0.6% | 1.52% | ₹221 Cr | |
| +6.6% | +7.1% | +6.5% | 0.5% | -0.5% | 1.13% | ₹99 Cr | |
| +7.0% | +7.3% | +6.4% | 0.5% | -0.5% | 1.04% | ₹554 Cr | |
| +6.5% | +7.0% | +6.4% | 0.5% | -0.5% | 1.42% | ₹482 Cr | |
| +6.5% | +7.2% | +6.2% | 0.6% | -0.6% | 1.11% | ₹63 Cr | |
| +6.3% | +6.8% | +6.0% | 0.5% | -0.4% | 2.31% | ₹134 Cr | |
| +6.3% | +6.4% | +5.9% | 0.5% | -0.5% | 1.16% | ₹134 Cr | |
| +6.7% | +7.0% | N/A | 0.5% | N/A | 1.34% | ₹1,408 Cr | |
| +6.5% | +6.8% | N/A | 0.7% | N/A | 1.06% | ₹239 Cr | |
| +7.7% | N/A | N/A | N/A | N/A | 1.69% | ₹881 Cr | |
| +7.3% | N/A | N/A | N/A | N/A | 2.55% | ₹2,255 Cr | |
| +7.2% | N/A | N/A | N/A | N/A | 1.16% | ₹1,906 Cr | |
| +7.1% | N/A | N/A | N/A | N/A | 1.02% | ₹3,486 Cr | |
| +6.6% | N/A | N/A | N/A | N/A | 1.56% | ₹134 Cr | |
| +6.6% | N/A | N/A | 0.5% | N/A | 1.00% | ₹2,799 Cr | |
| +5.2% | N/A | N/A | N/A | N/A | 1.08% | ₹28 Cr | |
| N/A | N/A | N/A | N/A | N/A | 1.21% | ₹23 Cr | |
| N/A | N/A | N/A | N/A | N/A | 1.83% | ₹84 Cr | |
| N/A | N/A | N/A | N/A | N/A | 1.94% | ₹134 Cr | |
| N/A | N/A | N/A | N/A | N/A | 0.00% | ₹587 Cr | |
| N/A | N/A | N/A | N/A | N/A | 1.15% | ₹223 Cr | |
| N/A | N/A | N/A | N/A | N/A | 1.69% | ₹150 Cr | |
| N/A | N/A | N/A | N/A | N/A | 0.20% | ₹35 Cr |
Ordered by 5-year annualised return, highest first; funds younger than 5 years follow by 3-year, then 1-year return.Returns over 3 years and longer are compounded annual returns. Volatility is the annualised standard deviation of monthly returns. Worst fall is the largest drop from a peak in the last 5 years. N/A means the fund is too young for that period.
What a arbitrage fund is
Arbitrage funds earn the price gap between the cash and futures markets, with at least 65% in shares held against futures.
Source: SEBI categorisation of mutual fund schemes, 6 October 2017, as amended.
Investing from the UAE
NRIs living in the UAE can generally invest once KYC is complete, paying from an NRE or NRO bank account. Some fund houses do not accept residents of the United States or Canada, or accept them only offline. The UAE does not levy personal income tax, and the India UAE tax treaty may affect how gains are treated, so confirm your own position with a tax adviser.
Questions
How are these arbitrage funds ordered?
By 5-year annualised return, highest first. Funds younger than 5 years follow, ordered by 3-year return and then 1-year return. Every figure is worked out from each fund's own Direct Growth NAV, the same way for every fund. We do not label any fund as the best.
Can NRIs living in the UAE invest in arbitrage funds?
Generally yes, once KYC is complete, paying from an NRE or NRO bank account. Some fund houses do not accept investments from residents of the United States or Canada, or accept them only offline, so check the fund house's current policy if that applies to you.
How are gains taxed for NRIs?
For equity funds, India taxes gains on units held for 12 months or less at 20%, and gains on units held longer at 12.5% on the amount above ₹1.25 lakh in a financial year, plus cess and any surcharge. For NRIs the fund house deducts this tax when you redeem. The outcome depends on your tax residence and facts, so confirm your position with a tax adviser.
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