Bajaj Finserv Arbitrage Fund Direct Growth NAV today
AMFI: 152077ISIN: INF0QA701524MUTF_IN: BAJA_ARBI_DIR_31SITEBajaj Finserv Mutual FundArbitrage funds
NAV ₹12.3580up ₹0.03 (0.21%)
NAV for 30 Oct 2026, against 29 Oct 2026. Declared once a day.
Other plans: Regular Growth ₹12.0910, 0.22% · Regular IDCW ₹12.0910 · Direct IDCW ₹12.3580
- Fund sizeAssets under management. The money the fund manages for all its investors, across every plan, at the end of the month. Assets under management in the glossary
- ₹1,375 CrSep 2026
- Expense ratioTotal expense ratio. What the fund charges each year as a share of the money invested, taken out of the NAV every day, so the returns shown are already after it. Total expense ratio: how it is worked out
- 1.29%23 Oct 2026
- P/EP/E. What the fund pays for each rupee of yearly profit its companies earn: the total value of its shares divided by those companies' last four quarters of profit, each in proportion to what the fund holds. The profit leaves out one-off items (exceptional items and businesses sold or demerged), so one company's one-off gain cannot pull the fund's P/E down. A loss-making company lowers the profit. Shown when at least 80% of the fund's shares are counted. P/E in the glossary
- 17.430 Sep 2026
- Risk levelRiskometer. The fund's own risk label on SEBI's six-step scale, from Low to Very High, set from what the fund holds and reviewed every month. Riskometer in the glossary
- LowAug 2026
- HoldingsHoldings. The number of different securities in the fund's latest monthly portfolio: shares, bonds, money market paper and units of other funds, not cash, overnight lending or futures. Holdings in the glossary
- 12530 Sep 2026
- LaunchedLaunch date. The day the fund first allotted units to investors, at the close of its new fund offer. Launch date in the glossary
- 15 Sep 2023
Bajaj Finserv Arbitrage Fund returns
Direct Growth plan
Over each window to 30 Oct 2026
| Over | Direct GrowthTrailing return. The change in NAV from the start date to the latest NAV; over a year and longer, the yearly rate that would compound to the same change (CAGR). Trailing return: how it is worked out | Regular Growth | BenchmarkBenchmark. The index the fund house chose to measure the fund against, in its total return form, with dividends added back. Benchmark in the glossary | Rank in categoryRank in category. The fund's place among the funds of its category with a return over the same window, highest return first. Rank in category in the glossary | Category medianCategory median. The middle return of the funds in the category over the same window: half returned more, half less. Category median in the glossary | Middle halfMiddle half of the category. The returns of the fund a quarter of the way down the category and the fund a quarter of the way up, over the same window: half the category's funds returned between the two. Middle half of the category in the glossary |
|---|---|---|---|---|---|---|
| 1 week | −0.03% | −0.03% | +0.11% | – | – | – |
| 1 month | +0.50% | +0.45% | +0.56% | 33 of 40 | +0.56% | +0.5% to +0.6% |
| 3 months | +1.50% | +1.32% | +1.63% | 24 of 39 | +1.52% | +1.5% to +1.5% |
| 6 months | +3.18% | +2.83% | +3.58% | 23 of 39 | +3.22% | +3.1% to +3.3% |
| 1 year | +6.61% | +5.87% | +7.24% | 18 of 34 | +6.62% | +6.5% to +6.7% |
| 3 years | +6.97% | +6.23% | +7.41% | 22 of 26 | +7.24% | +7.1% to +7.3% |
| 5 years | Needs 5 years | – | – | – | +6.73% | +6.6% to +6.8% |
| 10 years | Needs 10 years | – | – | – | +6.33% | +6.2% to +6.4% |
₹10,000 put in on 18 Sep 2023 is ₹12,348 at the NAV of 30 Oct 2026Growth of ₹10,000. What ₹10,000 put in at the NAV of the first day would be worth at the latest NAV, after the fund's expenses and before tax and any exit load. Growth of ₹10,000 in the glossaryOver a year and longer, a return is the yearly rate. Benchmark: Nifty 50 Arbitrage TRI, over the same days as the fund. Rank, median and middle half among the Direct plans of Arbitrage funds, each fund's return to its latest NAV on or before 1 Nov 2026.
At the month end, 30 Sep 2026
| Over | Fund | BenchmarkBenchmark return. The change in the benchmark index's total return level over the same dates as the fund's return, as a yearly rate over a year and longer. Benchmark return in the glossary |
|---|---|---|
| 1 year | +6.69% | +7.33% |
| 3 years | +7.00% | +7.42% |
| Since launch | +7.03% | +7.46% |
Benchmark: Nifty 50 Arbitrage TRI. Both as the fund house states them for the month.
Return in each calendar year
- Fund, Direct GrowthCalendar year return. The change in NAV from the last NAV of one year to the last NAV of the next.
- Nifty 50 Arbitrage TRI
Highest year to Dec 2024, +7.6%; lowest year to Dec 2025, +6.7%
Bajaj Finserv Arbitrage Fund SIP returns
₹10,000 on the 1st of every month, valued at the NAV of 30 Oct 2026SIP calculator
| Period | InvestedAmount invested. ₹10,000 on the 1st of every month, or the next day the fund priced, added up over the period. Amount invested in the glossary | Value todayValue today. What the units bought by every instalment are worth at the latest NAV. Value today in the glossary | Invested against value today | SIP returnSIP return (XIRR). The yearly rate that, applied to each monthly instalment from the day it was invested, gives the value of all the units today. SIP return (XIRR) in the glossary | After stamp dutySIP return after stamp duty. The same SIP return with stamp duty of 0.005% taken from every instalment since 1 Jul 2020, so ₹10,000 buys ₹9,999.50 of units. SIP return after stamp duty in the glossary | Stamp dutyStamp duty paid. The stamp duty on all the instalments, in rupees: 0.005% of each purchase made since 1 Jul 2020. Stamp duty paid in the glossary |
|---|---|---|---|---|---|---|
| 1 year12 instalments | ₹1,20,000 | ₹1,24,111₹1,24,105 after stamp duty | +6.46% | +6.45% | ₹6 | |
| 3 years36 instalments | ₹3,60,000 | ₹3,98,482₹3,98,462 after stamp duty | +6.72% | +6.72% | ₹18 | |
| Since Sep 202337 instalments | ₹3,70,000 | ₹4,10,793₹4,10,772 after stamp duty | +6.74% | +6.73% | ₹19 |
5 years: Launched 15 Sep 2023, needs 5 years of history.
A SIP that rises every year: Step-up SIP calculator
Rolling returns
Per cent a year, every window from 18 Sep 2023 to 30 Oct 2026
Lowest to highestAverage
LowestLowest rolling return. The lowest yearly return of any window of this length in the fund's history, one window starting on each day it priced. Lowest rolling return in the glossaryAverageAverage rolling return. The average of the yearly returns of every window of this length in the fund's history. Average rolling return in the glossaryHighestHighest rolling return. The highest yearly return of any window of this length in the fund's history. Highest rolling return in the glossaryEnded higherWindows that ended higher. The share of all the windows of this length in which the NAV ended above where it started. Windows that ended higher in the glossary
1 year523 windows+6.1%+7.0%+7.8%100.0%
3 yearsLaunched 15 Sep 2023, needs 4 years of history
Every 1-year window ended higher than it started.
Bajaj Finserv Arbitrage Fund expense ratio and exit load
Per cent of the money invested, a year. Each month shows its last day filed; the parts were redefined from Apr 2026.
- Regular over directDirect and regular plan cost gap. The regular plan's expense ratio less the direct plan's: what buying through a distributor costs each year, since both plans own the same portfolio. Direct and regular plan cost gap in the glossary
- 0.70 ptsA year, on 23 Oct 2026
- Direct, 30-day averageExpense ratio, 30-day average. The total expense ratio averaged over the last 30 days the fund filed it, which evens out the day-to-day moves in brokerage and levies. Expense ratio, 30-day average in the glossary
- 1.31%Over the last 30 days filed
- Regular, 30-day average
- 2.01%Over the last 30 days filed
Total expense ratio, month by month
- Regular plan
- Direct plan
Direct plan highest 1.47%, Apr 2026.Direct plan lowest 0.25%, Dec 2024.
What the expense ratio is made of
| Part | Direct | Regular |
|---|---|---|
| Base expense ratioBase expense ratio. The part of the expense ratio that pays the fund house and the distributor, before brokerage, transaction costs, levies and GST. Base expense ratio in the glossary | 0.31% | 0.90% |
| Brokerage | 0.19% | 0.19% |
| Transaction costs | 0.04% | 0.04% |
| Statutory levies | 0.75% | 0.86% |
Per cent of assets a year, filed for 23 Oct 2026. The parts add up to that day's total.
Exit load, in the fund house's words
Entry load – not applicable Exit load – 0.25% of applicable NAV if redeemed/switched out within 15 days from the date of allotment. Nil if redeemed/switched out after 15 days from the date of allotment.
Buying and selling
- Lump-sum purchases
- Accepted
- Minimum investmentMinimum investment. The smallest amount the plan accepts for a first purchase. Minimum investment in the glossary
- ₹500
- Minimum top-up
- ₹500
- Minimum redemption
- ₹1
- SIP
- Accepted
- SIP minimum
- ₹500
- SIP instalments, at least
- 6
- STP, transfers to another fund
- Not accepted
- SWP, regular withdrawals
- Accepted
- Switches
- Accepted
- Lock-inLock-in. The time after each purchase during which those units cannot be sold. Lock-in in the glossary
- None
- SIP dates
- Daily, Weekly - Any day, Fortnightly - 1st & 16th day of each month, Monthly - Any date (1st to 28th of the month),Quarterly - Any day of next month from the Quarter end
As listed for this plan on 31 Oct 2026.
How Bajaj Finserv Arbitrage Fund is taxed
Gains on units held over 12 months are taxed at 12.5% above ₹1.25 lakh a year; gains on units held 12 months or less at 20%.
IDCW payouts are added to the holder's income and taxed at the income tax slab rate. The fund deducts 10% tax at source for a resident when its payouts to them in a year counted from April to March are above ₹10,000.
Rules in force from 23 Jul 2024, checked 27 Oct 2026. Surcharge and cess are not included.
Bajaj Finserv Arbitrage Fund AUM
₹ crore, every plan of the fund together.
- Average assetsAverage assets under management. The money the fund managed, averaged over every day of the quarter, added up across its plans.
- ₹1,286 CrQuarter to Sep 2026
- In the direct plansShare of assets in the direct plans. The direct plans' average assets for the quarter as a percentage of the fund's total; the rest is in the regular plans, bought through distributors. Share of assets in the direct plans in the glossary
- 80.6%Of the quarter's average
Average assets by quarter, by plan
- Regular plans
- Direct plans
The latest quarter is the largest since the quarter to Sep 2023.
Assets at each month end
Highest ₹1,408 Cr, Aug 2026.Lowest ₹700 Cr, Sep 2024.
Bajaj Finserv Arbitrage Fund portfolio
Portfolio disclosed for 30 Sep 2026.
Holdings on 30 Sep 2026
| Large, mid and small cap. Companies ranked by average market value over six months: the first 100 are large cap, the next 150 mid cap, the rest small cap, by the list in force for the portfolio's month. Large, mid and small cap in the glossary | Weight in the fund. The holding's market value on the portfolio date as a share of the fund's net assets. Weight in the fund in the glossary | Held since. The first month end of the fund's current run of holding this position; marked "or earlier" where that month is the fund's first portfolio on record or the first after a gap in its portfolios. Held since in the glossary | ||||
|---|---|---|---|---|---|---|
| Bajaj Finserv Liquid Fund | Fund units | 13.03% | 179.20 | 14,41,195 | Oct 2023 | |
| Bajaj Finserv Money Market Fund | Fund units | 12.06% | 165.84 | 13,17,648 | Aug 2025 | |
| ICICI BankBanks | Shares | Large cap5th | 6.41% | 88.17 | 6,67,100 | Oct 2024 |
| HDFC BankBanks | Shares | Large cap2nd | 6.18% | 84.99 | 11,99,250 | Sep 2023or earlier |
| Reliance IndustriesPetroleum Products | Shares | Large cap1st | 5.21% | 71.69 | 6,04,000 | Sep 2023or earlier |
| Steel Authority of IndiaFerrous Metals | Shares | Mid cap153rd | 2.92% | 40.18 | 22,13,700 | Dec 2024 |
| Canara BankBanks | Shares | Large cap80th | 2.44% | 33.62 | 28,14,750 | Mar 2026 |
| Bajaj FinanceFinance | Shares | Large cap7th | 2.36% | 32.45 | 3,38,250 | Jan 2024 |
| Bharti AirtelTelecom - Services | Shares | Large cap3rd | 2.08% | 28.63 | 1,62,925 | Oct 2024 |
| Indian BankIndian Bank (12/01/2027), CRISIL A1+, repaid 12 Jan 2027 | Bonds and bills | 1.78% | 24.54 | 500 | Sep 2026 | |
| IDFC First BankBanks | Shares | Mid cap167th | 1.62% | 22.28 | 27,36,125 | Feb 2025 |
| NTPCPower | Shares | Large cap20th | 1.39% | 19.17 | 5,94,000 | Apr 2025 |
| Axis BankBanks | Shares | Large cap15th | 1.35% | 18.62 | 1,51,875 | May 2024 |
| Bharat ElectronicsAerospace & Defense | Shares | Large cap25th | 1.31% | 18.04 | 4,64,550 | May 2024 |
| State Bank of IndiaBanks | Shares | Large cap4th | 1.22% | 16.84 | 1,75,500 | May 2026 |
Weight is per cent of the fund's net assets; value in ₹ crore. 7 lines filed with no weight are listed without one.
Futures and options on 30 Sep 2026
| ICICI Bank Limited October 2026 Future | −6.17% | −84.84 | −6,38,400 |
| HDFC Bank Limited October 2026 Future | −6.09% | −83.81 | −11,71,300 |
| Reliance Industries Limited October 2026 Future | −4.94% | −67.87 | −5,69,500 |
| Steel Authority of India Limited October 2026 Future | −2.86% | −39.38 | −22,13,700 |
| Bajaj Finance Limited October 2026 Future | −2.29% | −31.51 | −3,26,250 |
| Canara Bank October 2026 Future | −2.08% | −28.55 | −23,69,250 |
| Bharti Airtel Limited October 2026 Future | −2.03% | −27.86 | −1,57,700 |
| NTPC Limited October 2026 Future | −1.39% | −19.08 | −5,94,000 |
| Axis Bank Limited October 2026 Future | −1.28% | −17.57 | −1,43,125 |
| State Bank of India October 2026 Future | −1.18% | −16.18 | −1,67,250 |
| IDFC First Bank Limited October 2026 Future | −1.15% | −15.82 | −19,38,475 |
| Bharat Electronics Limited October 2026 Future | −1.07% | −14.74 | −3,79,050 |
| Hindalco Industries Limited October 2026 Future | −1.00% | −13.76 | −1,44,900 |
| Mahindra & Mahindra Limited October 2026 Future | −0.99% | −13.64 | −46,200 |
| Punjab National Bank October 2026 Future | −0.91% | −12.56 | −11,04,000 |
Weight is per cent of the fund's net assets; value in ₹ crore. 7 lines filed with no weight are listed without one.
Cash and receivables on 30 Sep 2026
| Net Receivables / (Payables) | 69.24% | 952.19 |
| Clearing Corporation of India Ltd | 4.17% | 57.31 |
Weight is per cent of the fund's net assets; value in ₹ crore. 7 lines filed with no weight are listed without one.
- Largest holdingLargest holding. The share of the fund in its single largest position, cash and futures not counted as positions. Largest holding in the glossary
- 13.03%Bajaj Finserv Liquid Fund
- Top 5 holdingsTop 5 holdings. The share of the fund held in its five largest positions. Top 5 holdings in the glossary
- 42.89%
- Top 10 holdingsTop 10 holdings. The share of the fund held in its ten largest positions. Top 10 holdings in the glossary
- 54.47%
- Top 10 sharesTop 10 shares. The share of the fund held in its ten largest shareholdings, bonds and fund units left out. Top 10 shares in the glossary
- 31.96%
- Effective holdingsEffective number of holdings. The number of equal-sized positions that would be as concentrated as the fund's actual weights. Effective number of holdings in the glossary
- 19.5Taken over 96.69% of the fund
Asset allocation
Asset allocation. What the fund owns, by kind of asset, each as a share of its net assets; futures and options are shown beside it, not in it, since they are contracts rather than assets bought. Asset allocation in the glossary- Indian shares69.82%
- Bonds and bills1.78%
- Units of other funds25.09%
- Cash and receivables3.31%
- Futures and options, netFutures and options, net. The value of the shares or bonds the fund's contracts are written on, as a share of its net assets, a sold contract counted as a minus: a hedged fund's sold futures offset the shares it holds. Futures and options, net in the glossary−70.10%
- Futures and options, grossFutures and options, gross. The value the fund's contracts are written on, as a share of its net assets, counting each contract as a plus whichever way it faces. Futures and options, gross in the glossary70.10%
Per cent of the fund's net assets.
Large, mid and small cap
- Large cap75.82%Category 75.59%
- Mid cap19.68%Category 19.51%
- Small cap4.50%Category 4.90%
Per cent of the fund's Indian shares. By the list for the six months to Jun 2026. Category is the average of 40 Arbitrage funds.
Sector allocation
Sector weight. The fund's shares grouped by the business each company is in, less the futures sold on them, each group as a share of the fund's net assets. Sector weight in the glossary1sector
- Metals & Mining0.05%Category 0.39%
Per cent of the fund's net assets, less the futures sold on its shares, Sep 2026. Category is the average of 40 Arbitrage funds. Category average. The sector's weight, less the futures sold on it, averaged over the 40 Arbitrage funds that disclosed a portfolio for Sep 2026. A fund holding none of the sector counts as 0.
Sector allocation month by month
| 13 months | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Metals & Mining8 companies | 0.05% | −0.10% | −0.04% | −0.06% | −0.06% | −0.04% | −0.02% | −0.06% | −0.04% | −0.03% | −0.07% | −0.02% | |
| Capital Goods11 companies | 0.00% | −0.01% | −0.01% | −0.03% | −0.06% | −0.02% | −0.01% | −0.01% | 0.00% | −0.01% | −0.02% | −0.03% | |
| Power5 companies | 0.00% | −0.01% | 0.00% | −0.03% | −0.01% | −0.02% | −0.01% | −0.01% | 0.00% | −0.01% | −0.02% | 0.00% | |
| Services4 companies | 0.00% | −0.03% | 0.00% | −0.02% | −0.01% | −0.01% | −0.01% | −0.01% | −0.01% | −0.02% | −0.03% | −0.01% | |
| Construction Materials2 companies | 0.00% | 0.00% | 0.00% | −0.01% | 0.00% | 0.00% | 0.00% | 0.00% | −0.01% | 0.00% | −0.01% | −0.01% | |
| Construction2 companies | 0.00% | −0.01% | 0.00% | −0.01% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | −0.01% | 0.00% | |
| Realty2 companies | 0.00% | 0.01% | 0.00% | 0.00% | −0.01% | −0.01% | 0.00% | 0.00% | −0.01% | 0.00% | 0.00% | 0.00% | |
| Textiles | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | |
| Fast Moving Consumer Goods5 companies | −0.01% | −0.04% | −0.01% | −0.02% | −0.02% | −0.01% | −0.02% | −0.02% | 0.00% | −0.02% | −0.02% | −0.01% | |
| Healthcare10 companies | −0.01% | 0.00% | 0.00% | −0.01% | −0.01% | −0.02% | 0.01% | −0.01% | −0.01% | −0.01% | −0.01% | 0.00% | |
| Consumer Services5 companies | −0.01% | 0.01% | −0.01% | −0.01% | −0.01% | −0.01% | −0.01% | 0.00% | 0.01% | −0.01% | −0.02% | −0.03% | |
| Information Technology7 companies | −0.01% | 0.01% | 0.00% | 0.00% | 0.00% | 0.00% | 0.01% | 0.00% | −0.01% | −0.02% | −0.02% | −0.01% |
Per cent of the fund's net assets, less the futures sold on its shares, at each month end, Oct 2025 to Sep 2026; the line runs from Sep 2025.
Bought and sold
Sep 2026 against Aug 2026, position by position.
Positions changed, month by month
- New
- Added
- Trimmed
- Sold out
- New positionsNew positions. Holdings in this month's portfolio that were not in the month before. New positions in the glossary
- 10414.39% of the fund
- Sold outSold out. Holdings in last month's portfolio that are gone from this one, other than a bond or deposit repaid on its due date. Sold out in the glossary
- 13347.05% of the fund before
- MaturedMatured. Bonds and deposits whose repayment date fell between the two portfolios, so they were repaid rather than sold. One sold in its last days reads the same. Matured in the glossary
- 1
- Added toAdded to. Holdings with more units than the month before. Where the fund states no units, a weight that rose by more than a tenth. Added to in the glossary
- 37
- TrimmedTrimmed. Holdings with fewer units than the month before. Where the fund states no units, a weight that fell by more than a tenth. Trimmed in the glossary
- 106
- UnchangedUnchanged. Holdings with the same number of units as the month before. Their weight can still move with the price. Unchanged in the glossary
- 58
- Traded at leastTraded at least. The smaller of the weight bought in new positions and the weight sold out of old ones, cash left out: the least the fund must have bought and sold in the month. Traded at least in the glossary
- 14.39%
- Weight that movedWeight that moved. Half the sum of every position's change in weight between the two month ends, new and sold positions included; price moves alone raise it. Weight that moved in the glossary
- 54.77%
Changes in Sep 2026
| What changed. New: not held the month before. Added or trimmed: more or fewer units than the month before, or, where no units are stated, a weight that moved by more than a tenth. Sold out: held the month before, gone now. Matured: a bond or deposit whose repayment date fell between the two portfolios, so it was repaid rather than sold (one sold in its last days reads the same). What changed in the glossary | Change in weight. The holding's weight this month less its weight the month before, in percentage points; a price move alone changes it. Change in weight in the glossary | ||||
|---|---|---|---|---|---|
| Indian BankIndian Bank (12/01/2027) | New | 1.78% | 0.00% | +1.78 pts | +500 |
| Bank of BarodaBank of Baroda (07/12/2026) | Sold out | – | 1.75% | −1.75 pts | −500 |
| Bajaj Finserv Money Market Fund | Added | 12.06% | 10.65% | +1.41 pts | +1,19,484 |
| ICICI Bank | Added | 6.41% | 5.51% | +0.90 pts | +1,33,000 |
| HDFC Bank | Added | 6.18% | 5.30% | +0.88 pts | +1,45,600 |
| PB Fintech | New | 0.74% | 0.00% | +0.74 pts | +95,900 |
| Vodafone Idea | Trimmed | 0.85% | 1.39% | −0.54 pts | −46,45,875 |
| State Bank of India | Added | 1.22% | 0.80% | +0.42 pts | +69,750 |
| Solar Industries India | Trimmed | 0.55% | 0.91% | −0.36 pts | −2,550 |
| HDFC BankHDFC Bank Limited (10/09/2026) | Matured | – | 0.35% | −0.35 pts | – |
| Power Grid Corporation of India | Sold out | – | 0.35% | −0.35 pts | −1,88,100 |
| Life Insurance Corporation of India | Added | 0.68% | 0.33% | +0.35 pts | +1,24,600 |
| Bharti Airtel | Trimmed | 2.08% | 2.43% | −0.35 pts | −25,650 |
| IndusInd Bank | Added | 0.59% | 0.27% | +0.32 pts | +53,200 |
| DLF | Trimmed | 0.01% | 0.33% | −0.32 pts | −63,650 |
Weights are per cent of the fund's net assets; a change in weight is in percentage points. Securities only: 301 futures, options and cash lines that changed are not listed.
Holdings month by month
| Holding | Oct 25 | Nov 25 | Dec 25 | Jan 26 | Feb 26 | Mar 26 | Apr 26 | May 26 | Jun 26 | Jul 26 | Aug 26 | Sep 26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Bajaj Finserv Liquid Fund | 10.44%Cut | 10.32% | 9.75%Cut | 11.17%Added | 10.99% | 12.54%Cut | 11.54%Cut | 11.28%Added | 12.13%Added | 13.20%Added | 12.66%Added | 13.03% |
| Bajaj Finserv Money Market Fund | 14.07%Added | 15.48%Added | 13.99%Cut | 14.20% | 16.03%Added | 15.09%Cut | 15.38%Cut | 11.82%Cut | 11.46% | 11.67% | 10.65%Added | 12.06%Added |
 ICICI Bank | 2.79%Cut | 2.34%Cut | 2.81%Added | 2.87%Added | 2.95%Added | 3.88%Added | 3.75%Cut | 6.10%Added | 7.49%Added | 5.89%Cut | 5.51%Added | 6.41%Added |
 HDFC Bank | 2.78%Cut | 3.31%Added | 4.19%Added | 6.11%Added | 7.39%Added | 8.45%Added | 6.70%Cut | 8.18%Added | 6.52%Cut | 5.24%Cut | 5.30%Added | 6.18%Added |
 Reliance Industries | 4.80%Cut | 3.55%Cut | 3.62%Cut | 4.10%Added | 3.77%Cut | 5.43%Added | 6.01%Cut | 4.99%Added | 5.43%Added | 4.97%Cut | 4.93%Added | 5.21%Added |
 Steel Authority of India | 1.85%Cut | 1.80% | 1.59%Cut | 1.65% | 1.86%Added | 1.73%Cut | 2.27%Cut | 2.26%Added | 1.84% | 2.17%Added | 3.15%Added | 2.92%Cut |
 Canara Bank | Sold out | – | – | – | – | 0.03%Bought again | 0.04% | 0.12%Added | 0.18%Added | 2.87%Added | 2.45%Cut | 2.44%Added |
 Bajaj Finance | 0.04%Cut | 0.17%Added | 0.17% | 1.23%Added | 1.25%Cut | 0.96%Cut | 0.96%Cut | 1.57%Added | 2.45%Added | 2.35%Cut | 2.30%Added | 2.36%Added |
 Bharti Airtel | 1.41%Added | 0.84%Cut | 0.89% | 0.84% | 0.65%Cut | 0.83%Added | 0.97%Added | 1.31%Added | 1.29%Added | 1.98%Added | 2.43%Added | 2.08%Cut |
| Indian BankIndian Bank (12/01/2027) | – | – | – | – | – | – | – | – | – | – | – | 1.78%Bought |
 IDFC First Bank | 2.12%Cut | 1.54%Cut | 1.65%Cut | 1.42%Cut | 1.56%Added | 1.59%Added | 2.03% | 1.72%Added | 1.67%Cut | 1.97%Added | 1.70% | 1.62%Cut |
 NTPC | 0.39% | 0.37% | 0.40% | 0.43% | 0.49%Added | 0.55%Cut | 0.65% | 1.13%Added | 1.28%Added | 1.26% | 1.41%Added | 1.39%Cut |
 Axis Bank | 1.11%Cut | 0.52%Cut | 0.55% | 0.49%Cut | 0.57%Added | 0.45%Cut | 0.64%Added | 0.83%Added | 1.11%Added | 1.03% | 1.51%Added | 1.35%Cut |
 Bharat Electronics | 0.61%Added | 0.58% | 0.60% | 0.68% | 0.66% | 0.70% | 0.92%Added | 0.85%Added | 0.82% | 1.51%Added | 1.37%Added | 1.31% |
 State Bank of India | 1.02%Cut | 0.44%Cut | 0.70%Added | 0.78% | Sold out | 0.23%Bought again | Sold out | 0.07%Bought again | 0.41%Added | 0.45%Added | 0.80%Added | 1.22%Added |
Per cent of the fund's net assets at each month end, Oct 2025 to Sep 2026. Under it, the change on the fund's previous month. "After a gap" is a holding after a month with no portfolio on record, so when it was bought is not known; "Not filed" is one gone across such a gap.
Portfolio turnover, per cent of assets a year
- TurnoverPortfolio turnover. How much of the portfolio the fund bought or sold over the last year, as a share of its assets, as the fund house states it. Portfolio turnover in the glossary
Highest 893.0% in Feb 2026
Risk ratios
NAV to 30 Oct 2026
Each bar runs from the lowest to the highest figure among the Direct plans of Arbitrage funds (26 funds) over the same 3 years; the tick is their average and the dot this fund.
How much the NAV moves
Standard deviationStandard deviation. How far the fund's monthly returns spread around their average, stated as a yearly figure: the wider the spread, the more the NAV moves. Standard deviation in the glossary0.49%
0.44%Lowest0.52%Average0.71%Highest
Downside deviationDownside deviation. Standard deviation counting only the months in which the fund lost money, stated as a yearly figure. Downside deviation in the glossaryNo losing month
0.00%Lowest0.00%Average0.08%Highest
Sharpe ratioSharpe ratio. The monthly return above the 91-day Treasury bill yield, divided by its standard deviation and stated for a year: the extra return for each unit of movement in the NAV. Sharpe ratio in the glossary1.87
0.70Lowest2.18Average2.80Highest
Sortino ratioSortino ratio. The monthly return above the 91-day Treasury bill yield, divided by how far it fell below that yield and stated for a year: the extra return for each unit of movement on the way down. Sortino ratio in the glossary3.72
1.15Lowest4.63Average6.68Highest
Against Nifty 50 Arbitrage TRI
BetaBeta. How much the fund's monthly return moved for each 1% move in its benchmark: 1 moves with it, below 1 moves less. Beta in the glossary0.66
0.51Lowest0.63Average0.89Highest
AlphaAlpha. The yearly return the fund made beyond what its beta to the benchmark accounts for. Alpha in the glossary+0.04 pts
−0.44 ptsLowest+0.28 ptsAverage+0.62 ptsHighest
R-squaredR-squared. The share of the fund's monthly movement that its benchmark's movement explains, from 0 to 100. R-squared in the glossary68.1
29.0Lowest52.9Average68.1Highest
CorrelationCorrelation. How closely the fund's monthly returns moved in step with its benchmark's, from minus 1 (always opposite) to 1 (always together). Correlation in the glossary0.83
0.54Lowest0.73Average0.83Highest
Upside captureUpside capture. The fund's return in the months its benchmark rose, as a percentage of the benchmark's return in those months. Upside capture in the glossary94.6%
86.6%Lowest97.0%Average100.7%Highest
Downside captureDownside capture. The fund's return in the months its benchmark fell, as a percentage of the benchmark's fall in those months. Downside capture in the glossaryNeeds 6 falling months
Largest falls
| Largest over | FallLargest fall. The biggest drop in NAV from a high to the low that followed, before the NAV went back above that high. Largest fall in the glossary | High on | Low on | Back at the highBack at the high. The first day the NAV closed at or above the high it had fallen from. Back at the high in the glossary |
|---|---|---|---|---|
| 1 and 3 years and since Sep 2023 | −0.41% | 3 Aug 2026 | 6 Aug 2026 | 24 Aug 2026 |
Risk level by month
| Months | Fund | BenchmarkBenchmark's risk level. The riskometer level of the fund's benchmark index for the same month, on the same six-step scale as the fund's own. Benchmark's risk level in the glossary |
|---|---|---|
| Mar 2025 to Aug 202618 months | Low | LowNifty 50 Arbitrage TRI |
The riskometer at each month end, the fund's and its benchmark's. A month with none on record is left out.
Bajaj Finserv Arbitrage Fund managers
Managers now
| Manager | Return in the manager's time. The change in the plan's NAV from the day the manager took the fund over to the latest NAV; past a year, the yearly rate that would compound to the same change. Return in the manager's time in the glossary | Benchmark over the same days. The change in the fund's benchmark index over the same days as the manager's return, worked out the same way, with the dividends of the index's companies added back. Benchmark over the same days in the glossary | Difference from the benchmark. The fund's return in the manager's time less its benchmark's over the same days, in percentage points. Difference from the benchmark in the glossary | Portfolio changed after the handover. How much of the portfolio was different three months after the manager took over: half the sum of every holding's change in weight, with each side's holdings scaled to add up to 100 so a move into cash does not count. Portfolio changed after the handover in the glossary | Portfolio changed before the handover. The same measure over the three months before the manager took over, since portfolios change anyway. Portfolio changed before the handover in the glossary | Assets the manager runs. The latest monthly size of every fund the manager runs now, added up; a fund run with others counts in full for each of its managers, and the line under it counts only the funds they run alone. Assets the manager runs in the glossary | ||
|---|---|---|---|---|---|---|---|---|
| Ilesh Savla(Equity portion) (Primary); Equity portion | Sep 2023 | +6.98%a year | +7.41% | −0.43 pts | – | – | 7 | ₹2,175 Cr₹760 Cr alone |
| Siddharth Chaudhary(Debt portion) (Primary); Debt portion | – | – | – | – | – | 20 | ₹36,004 Cr₹577 Cr alone |
Returns are the direct plan's growth NAV, from the day each took over to the latest NAV, beside the benchmark over the same days.
Other funds they run
| Fund | |||||
|---|---|---|---|---|---|
| Bajaj Finserv Flexi Cap FundSiddharth Chaudhary | – | – | – | ₹8,527 Cr | |
| Bajaj Finserv Liquid FundSiddharth Chaudhary | Jul 2023 | +6.91%a year | – | – | ₹6,863 Cr |
| Bajaj Finserv Money Market FundSiddharth Chaudhary | – | – | – | ₹3,973 Cr | |
| Bajaj Finserv Small Cap FundSiddharth Chaudhary | – | – | – | ₹2,762 Cr | |
| Bajaj Finserv Large & Mid Cap FundSiddharth Chaudhary | – | – | – | ₹2,324 Cr | |
| Bajaj Finserv Multi Asset Allocation FundSiddharth Chaudhary | Jun 2024 | +7.77%a year | – | – | ₹1,913 Cr |
| Bajaj Finserv Multi Cap FundSiddharth Chaudhary | – | – | – | ₹1,641 Cr | |
| Bajaj Finserv Large Cap FundSiddharth Chaudhary | – | – | – | ₹1,560 Cr | |
| Bajaj Finserv Balanced Advantage FundSiddharth Chaudhary | – | – | – | ₹1,207 Cr | |
| Bajaj Finserv Overnight FundSiddharth Chaudhary | Jul 2023 | +6.11%a year | – | – | ₹792 Cr |
The ten largest by assets, by manager. Returns are the direct plan's.
Portfolio overlap
Funds holding the most of the same securities, by weight.
Closest funds in the category
| Portfolio overlap. The share of the two funds' portfolios that is the same: for every holding they share, the smaller of its two weights, added up. Portfolio overlap in the glossary | Shared holdings. The number of securities both funds hold, cash and futures left out. Shared holdings in the glossary | |
|---|---|---|
| SBI Arbitrage FundSBI Mutual Fund | 46.90% | 119 |
| Franklin India Arbitrage FundFranklin Templeton Mutual Fund | 46.01% | 96 |
| Edelweiss Arbitrage FundEdelweiss Mutual Fund | 44.81% | 112 |
| Invesco India Arbitrage FundInvesco Mutual Fund | 44.75% | 115 |
| Nippon India Arbitrage FundNippon India Mutual Fund | 44.31% | 107 |
| Aditya Birla Sun Life Arbitrage FundAditya Birla Sun Life Mutual Fund | 44.25% | 115 |
| HDFC Arbitrage FundHDFC Mutual Fund | 44.05% | 112 |
| UTI Arbitrage FundUTI Mutual Fund | 43.84% | 103 |
| DSP Arbitrage FundDSP Mutual Fund | 43.73% | 111 |
| Bandhan Arbitrage FundBandhan Mutual Fund | 43.72% | 109 |
Portfolios for Sep 2026. Overlap is per cent of the portfolio the two funds hold in common.
Changes to the fund
Newest first.
2026
- 1 AprExpenseExpense ratio stated under the new rules: a base ratio, with brokerage, levies and GST on top
Fund details
Objective
The investment objective of the Scheme is to seek to generate returns by investing in arbitrage opportunities in the cash and derivatives segments of the equity markets and by investing balance in debt and money market instruments. However, there is no assurance that the investment objective of the Scheme will be achieved.
Asset allocation
- under normal circumstance is detailed in the table below: Equity and Equity related instruments including derivatives and stock options- 100%-65%, Certificate of deposits (CDs) / Government securities with maturity upto 1 year (including Repo on G-sec/ TREPS) / Units of Liquid Fund (including Liquid ETFs) / Money Market Fund / Overnight Fund or Schemes having Macaulay Duration of less than 1 year, ETCDs, Units of Gold ETF & Silver ETF -35%-0%
- Under defensive circumstances, the asset allocation may be as follows: Equity and Equity related instruments including derivatives and stock options: 0% - 65%
- Certificate of deposits (CDs) / Government securities with maturity upto 1 year (including Repo on G-sec/ TREPS) / Units of Liquid Fund (including Liquid ETFs) / Money Market Fund / Overnight Fund or Schemes having Macaulay Duration of less than 1 year, ETCDs, Units of Gold ETF & Silver ETF:35% -100%
Type of scheme
An open ended scheme investing in arbitrage opportunities
- Benchmark
- Nifty 50 Arbitrage Index (TRI)
- Risk level at launch
- Low
- New fund offer
- 8 Sep 2023 to 13 Sep 2023
- Units first allotted
- 15 Sep 2023
- Price at the offer
- ₹10 a unit
- Minimum at the offer
- ₹500
Plans and codes
| Plan | AMFI code | ISIN | ISIN, reinvestment | MUTF_IN | First NAV |
|---|---|---|---|---|---|
| Direct Growth | 152077 | INF0QA701524 | BAJA_ARBI_DIR_31SITE | 18 Sep 2023 | |
| Regular Growth | 152078 | INF0QA701490 | BAJA_ARBI_REG_1JGOSSL | 18 Sep 2023 | |
| Direct IDCW | 152080 | INF0QA701532 | INF0QA701540 | BAJA_ARBI_DIR_185IW6X | 18 Sep 2023 |
| Regular IDCW | 152079 | INF0QA701508 | INF0QA701516 | BAJA_ARBI_REG_Q0535G | 18 Sep 2023 |
This fund
- Scheme information documentThe fund's objective, terms, costs and risks in full
Factsheet
- Bajaj AMC Factsheet October 2026Bajaj Finserv Mutual Fund, Oct 2026
Statement of additional information
- SAI Bajaj Finserv Mutual FundBajaj Finserv Mutual Fund, Oct 2026
Annual report
- Bajaj Finserv Mutual Fund Annual Financials March 2026Bajaj Finserv Mutual Fund, Mar 2026
- Bajaj Finserv Mutual Fund – Abridged financial 2025-26Bajaj Finserv Mutual Fund, Mar 2026
Riskometer disclosure
- Details of Risk-o-meter of schemes of Bajaj Finserv Mutual FundBajaj Finserv Mutual Fund, Mar 2026
Portfolio overlap disclosure
- Bajaj AMC Portfolio Overlap September 2026 DownloadBajaj Finserv Mutual Fund, Sep 2026