Franklin India Arbitrage Fund Direct Growth NAV today
AMFI: 153043ISIN: INF090I01XS9MUTF_IN: FRAN_INDI_ARBI_SWZS4HFranklin Templeton Mutual FundArbitrage funds
NAV ₹11.4110up ₹0.01 (0.08%)
NAV for 27 Oct 2026, against 26 Oct 2026. Declared once a day.
Other plans: Direct IDCW ₹11.4110 · Regular Growth ₹11.2525, 0.08% · Regular IDCW ₹11.2525
- 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
- ₹1,921 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
- 1.20%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
- 25.030 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
- 14430 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
- 19 Nov 2024
Franklin India Arbitrage Fund returns
Direct Growth plan
Over each window to 27 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). | 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 | +0.16% | +0.15% | +0.06% | – | – | – |
| 1 month | +0.60% | +0.53% | +0.74% | 13 of 40 | +0.54% | +0.5% to +0.6% |
| 3 months | +1.75% | +1.56% | +1.77% | 7 of 39 | +1.60% | +1.6% to +1.7% |
| 6 months | +3.44% | +3.06% | +3.43% | 4 of 38 | +3.21% | +3.1% to +3.3% |
| 1 year | +7.12% | +6.35% | +7.21% | 3 of 34 | +6.61% | +6.5% to +6.7% |
| 3 years | Needs 3 years | – | – | – | +7.24% | +7.1% to +7.3% |
| 5 years | Needs 5 years | – | – | – | +6.73% | +6.6% to +6.8% |
| 10 years | Needs 10 years | – | – | – | +6.34% | +6.2% to +6.5% |
₹10,000 put in on 19 Nov 2024 is ₹11,411 at the NAV of 27 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 Index, 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 28 Oct 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 | +7.18% | +7.33% |
| Since launch | +7.07% | +7.44% |
Benchmark: Nifty 50 Arbitrage Index. 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 Index
Franklin India Arbitrage Fund SIP returns
₹10,000 on the 1st of every month, valued at the NAV of 27 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 | ₹1,24,305₹1,24,298 after stamp duty | +6.87% | +6.86% | ₹6 | |
| Since Nov 202423 instalments | ₹2,30,000 | ₹2,45,968₹2,45,956 after stamp duty | +6.97% | +6.96% | ₹12 |
3 years: Launched 19 Nov 2024, needs 3 years of history.
A SIP that rises every year: Step-up SIP calculator
Franklin India 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
- 0.77 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
- 1.20%Over the last 30 days filed
- Regular, 30-day average
- 1.97%Over the last 30 days filed
Total expense ratio, month by month
- Regular plan
- Direct plan
Direct plan highest 1.95%, Apr 2026.Direct plan lowest 0.26%, Feb 2026.
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 | 0.23% | 0.89% |
| Brokerage | 0.10% | 0.10% |
| Transaction costs | 0.05% | 0.05% |
| Statutory levies | 0.82% | 0.93% |
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
In respect of each purchase of Units – • NIL Exit load – for 10% of the units purchased or switched on or before 30 days from the date of allotment. o The “First In First Out (FIFO)” logic will be applied while selecting the units for redemption o Waiver of Exit load is calculated for each inflow transaction separately on FIFO basis and not on the total units through multiple inflows o The load free units from purchases made subsequent to the initial purchase will be available only after redeeming all units from the initial purchase • All units redeemed /switched-out in excess of the 10% load free units will be subject to the below mentioned exit load. o 0.25% - if Units are redeemed/switched-out on or before 30 days from the date of allotment o Nil - if redeemed after 30 days from the date of allotment *This no load redemption limit is applicable on a 30 day basis (from the date of allotment of such units) and the limit not availed during said period, this shall not be clubbed or carried forward.MoreLess
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
- ₹5,000
- Minimum top-up
- ₹1,000
- Minimum redemption
- ₹1,000
- SIP
- Accepted
- 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 minimum
- Daily : 100; Weekly, Monthly & Quarterly : 500
As listed for this plan on 28 Oct 2026.
How Franklin India 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.
Franklin India 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.
- ₹1,676 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
- 47.0%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 Dec 2024.
Assets at each month end
The latest month end is the highest since Mar 2025.Lowest ₹207 Cr, Mar 2025.
Franklin India 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 | Yield to maturity. The yearly return the fund's bonds would earn if each were held to maturity at today's price, weighted by what the fund holds of each. Yield to maturity 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 | ||||
|---|---|---|---|---|---|---|---|
| Franklin India Money Market FundMutual Fund | Fund units | 12.02% | 230.91 | 4,10,74,700 | – | Jan 2025 | |
| ICICI BankBanks | Shares | Large cap5th | 6.04% | 115.93 | 8,77,100 | – | Nov 2024or earlier |
| HDFC BankBanks | Shares | Large cap2nd | 5.79% | 111.25 | 15,69,750 | – | Nov 2024or earlier |
| Reliance IndustriesPetroleum Products | Shares | Large cap1st | 4.13% | 79.41 | 6,69,000 | – | Nov 2024or earlier |
| Axis BankBanks | Shares | Large cap15th | 3.37% | 64.82 | 5,28,750 | – | Nov 2024or earlier |
| Canara BankCanara Bank (30-Nov-2026), CRISIL A1+, repaid 30 Nov 2026 | Bonds and bills | 2.58% | 49.49 | 1,000 | 6.26% | Jul 2026 | |
| Bharti AirtelTelecom - Services | Shares | Large cap3rd | 2.55% | 48.99 | 2,78,825 | – | Feb 2026 |
| Union Bank of IndiaUnion Bank of India (16-Mar-2027), ICRA A1+, repaid 16 Mar 2027 | Bonds and bills | 2.52% | 48.49 | 1,000 | 6.83% | Mar 2026 | |
| National Bank For Agriculture & Rural Development (17-Mar-2027)CRISIL A1+, repaid 17 Mar 2027 | Bonds and bills | 2.52% | 48.44 | 1,000 | 7.02% | Apr 2026 | |
| Vodafone IdeaTelecom - Services | Shares | Large cap83rd | 2.41% | 46.28 | 3,57,37,500 | – | Jan 2025 |
| IDFC First BankBanks | Shares | Mid cap167th | 2.11% | 40.49 | 49,71,400 | – | Jan 2025 |
| Larsen & ToubroConstruction | Shares | Large cap8th | 1.88% | 36.06 | 95,900 | – | May 2025 |
| HDFC Life Insurance CompanyInsurance | Shares | Large cap65th | 1.82% | 35.03 | 6,72,100 | – | Feb 2026 |
| Hindalco IndustriesNon - Ferrous Metals | Shares | Large cap39th | 1.79% | 34.35 | 3,64,700 | – | Apr 2026 |
| State Bank of IndiaBanks | Shares | Large cap4th | 1.78% | 34.11 | 3,55,500 | – | May 2025 |
Weight is per cent of the fund's net assets; value in ₹ crore.
Futures and options on 30 Sep 2026
| ICICI Bank | −6.07% | −116.57 | – |
| HDFC Bank | −5.85% | −112.39 | – |
| Reliance Industries | −4.16% | −79.91 | – |
| Axis Bank | −3.38% | −64.92 | – |
| Bharti Airtel | −2.57% | −49.27 | – |
| Vodafone Idea | −2.42% | −46.39 | – |
| IDFC First Bank | −2.11% | −40.57 | – |
| Larsen & Toubro | −1.88% | −36.11 | – |
| HDFC Life Insurance Company | −1.82% | −34.92 | – |
| Hindalco Industries | −1.80% | −34.64 | – |
| State Bank of India | −1.79% | −34.41 | – |
| Adani Enterprises | −1.44% | −27.64 | – |
| Maruti Suzuki India | −1.38% | −26.60 | – |
| Bharat Electronics | −1.34% | −25.69 | – |
| IndusInd Bank | −1.22% | −23.43 | – |
Weight is per cent of the fund's net assets; value in ₹ crore.
Cash and receivables on 30 Sep 2026
| Call, Cash & Other Assets | 1.38% | 26.46 |
| Margin on Derivatives | 0.52% | 10.02 |
Weight is per cent of the fund's net assets; value in ₹ crore.
- 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
- 12.02%Franklin India Money Market Fund
- Top 5 holdingsTop 5 holdings. The share of the fund held in its five largest positions. Top 5 holdings in the glossary
- 31.36%
- Top 10 holdingsTop 10 holdings. The share of the fund held in its ten largest positions. Top 10 holdings in the glossary
- 43.94%
- 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
- 31.89%
- 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
- 29.6Taken over 98.10% 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 shares71.39%
- Bonds and bills14.49%
- Units of other funds12.22%
- Cash and receivables1.90%
- 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−71.72%
- 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 glossary71.72%
Per cent of the fund's net assets.
Large, mid and small cap
- Large cap72.74%Category 75.59%
- Mid cap24.76%Category 19.51%
- Small cap2.49%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 glossary2sectors
- Services0.00%Category 0.09%
- Chemicals0.00%Category 0.08%
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 | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Services3 companies | 0.00% | −0.02% | 0.00% | −0.01% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | |
| Chemicals3 companies | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | −0.01% | −0.01% | 0.00% | 0.00% | 0.00% | 0.00% | −0.01% | |
| 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% | |
| Construction Materials3 companies | 0.00% | −0.01% | 0.00% | 0.00% | 0.00% | −0.01% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | |
| Consumer Durables4 companies | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | −0.01% | −0.01% | −0.02% | −0.01% | 0.00% | −0.01% | −0.01% | |
| Power7 companies | 0.00% | −0.03% | −0.01% | −0.02% | −0.02% | −0.01% | −0.01% | −0.01% | 0.00% | 0.00% | −0.01% | −0.01% | |
| Construction2 companies | 0.00% | −0.01% | −0.01% | −0.01% | −0.02% | −0.01% | −0.01% | −0.01% | −0.01% | −0.01% | −0.01% | −0.01% | |
| Realty1 company | 0.00% | 0.00% | 0.00% | 0.00% | −0.01% | 0.00% | −0.01% | −0.01% | −0.01% | −0.01% | −0.01% | −0.01% | |
| Metals & Mining9 companies | −0.01% | −0.10% | −0.03% | −0.03% | −0.06% | −0.03% | −0.03% | −0.30% | −0.01% | −0.03% | −0.03% | −0.02% | |
| Consumer Services6 companies | −0.01% | 0.04% | −0.02% | −0.02% | −0.04% | −0.02% | −0.02% | −0.02% | −0.01% | −0.03% | −0.04% | −0.03% | |
| Fast Moving Consumer Goods11 companies | −0.01% | −0.05% | −0.01% | −0.02% | −0.02% | −0.01% | −0.01% | −0.02% | −0.02% | −0.02% | −0.04% | −0.04% | |
| Capital Goods9 companies | −0.01% | −0.01% | −0.02% | −0.02% | −0.03% | −0.02% | −0.02% | −0.02% | −0.02% | −0.03% | −0.03% | −0.03% |
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.
- Yield to maturity
- 6.66%Lines stating a yield: 100.00% of the bond book
- Yield after expensesYield after expenses. The yield to maturity less the plan's expense ratio. Yield after expenses in the glossary
- 5.44%Direct plan
- Macaulay durationMacaulay duration. The weighted average time, in years, until the fund's bonds pay back their interest and principal. Macaulay duration in the glossary
- 19days
- Modified durationModified duration. Roughly how much the bonds' value changes, in per cent, for each one point change in interest rates. Modified duration in the glossary
- 18days
- Average maturityAverage maturity. The weighted average time, in years, until the fund's bonds are repaid. Average maturity in the glossary
- 19days
- Maturity date knownMaturity date known. The share of the bond book, perpetual bonds left out, whose repayment date is known: the bonds the durations and the maturity profile are taken over. Maturity date known in the glossary
- 100.00%Of the bond book, perpetual bonds left out
- Perpetual bondsPerpetual bonds. Bonds with no maturity date: the issuer pays interest with no fixed day to repay. Their share of the bond book; they are in no duration and no maturity window. Perpetual bonds in the glossary
- None
The bond book is the fund's bonds, bills and overnight lending.
Credit rating
Credit rating. A rating agency's grade for how likely the borrower is to repay on time: AAA down to D for loans of over a year, A1+ down to A4 for loans of under a year, two scales that are never compared. Credit rating in the glossaryLoans of under a year
- A1+14.49%
Per cent of the fund's net assets. A grade is stated for 100.00% of the bonds.
Maturity profile
Maturity profile. The fund's bonds grouped by how long until each is repaid, as a share of the fund's net assets; a bond with no known maturity date is left off. Maturity profile in the glossary- Up to 1 monthNone
- 1 to 3 months6.44%
- 3 to 6 months6.82%
- 6 to 12 months1.24%
- 1 to 3 yearsNone
- 3 to 5 yearsNone
- 5 to 10 yearsNone
- Over 10 yearsNone
Per cent of the fund's net assets, over the bonds whose maturity date is known; perpetual bonds have none.
- Largest borrowerLending to one borrower. The share of the fund lent to a single company or group of companies, government bonds left out. Lending to one borrower in the glossary
- 3.03%Union Bank of India
- Top 5 borrowers
- 10.73%
- Top 10 borrowers
- 10.73%
Per cent of the fund's net assets. Lent outside the government: 14.49% of the fund, to 4 borrowers; the borrower is named for 74.06% of it, its group for 38.67%.
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
- 223.93% 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
- 233.80% of the fund before
- 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
- 78
- 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
- 59
- UnchangedUnchanged. Holdings with the same number of units as the month before. Their weight can still move with the price. Unchanged in the glossary
- 118
- 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
- 3.80%
- 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
- 21.34%
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 | ||||
|---|---|---|---|---|---|
| Bank of BarodaBank of Baroda (04-Dec-2026) | Sold out | – | 2.58% | −2.58 pts | −1,000 |
| ICICI Bank | Added | 6.04% | 4.90% | +1.13 pts | +2,34,500 |
| IndusInd Bank | Added | 1.22% | 0.19% | +1.02 pts | +2,23,300 |
| Franklin India Money Market Fund | Added | 12.02% | 11.01% | +1.02 pts | +35,65,507 |
| Laurus Labs | New | 0.81% | 0.00% | +0.81 pts | +79,050 |
| UPL | Added | 1.00% | 0.20% | +0.80 pts | +2,87,260 |
| Reliance Industries | Added | 4.13% | 3.35% | +0.78 pts | +1,68,500 |
| ICICI Lombard General Insurance Company | Trimmed | 0.02% | 0.78% | −0.76 pts | −92,625 |
| One 97 Communications | Trimmed | 0.52% | 1.26% | −0.74 pts | −80,475 |
| FSN E-Commerce Ventures | Trimmed | 1.16% | 1.85% | −0.68 pts | −3,09,375 |
| PB Fintech | Added | 0.98% | 0.31% | +0.67 pts | +1,45,600 |
| Larsen & Toubro | Added | 1.88% | 1.21% | +0.67 pts | +38,850 |
| Angel One | Trimmed | 0.17% | 0.71% | −0.54 pts | −3,55,000 |
| Eternal | Added | 0.54% | 0.03% | +0.51 pts | +3,05,550 |
| HDFC Bank | Trimmed | 5.79% | 6.27% | −0.48 pts | −1,15,050 |
Weights are per cent of the fund's net assets; a change in weight is in percentage points. Securities only: 90 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Franklin India Money Market Fund | 3.54% | 2.97% | 2.86% | 8.79%Added | 14.45%Added | 13.46% | 11.87%Added | 10.23% | 11.42%Added | 10.87% | 11.01%Added | 12.02%Added |
 ICICI Bank | 2.30%Added | 5.40%Added | 5.00% | 4.62% | 3.72%Cut | 4.57%Added | 4.27%Added | 5.62%Added | 6.37%Added | 3.50%Cut | 4.90%Added | 6.04%Added |
 HDFC Bank | 4.87% | 4.81%Added | 4.97%Added | 5.62%Added | 6.05%Added | 6.43%Added | 4.64%Cut | 6.26%Added | 6.62%Added | 5.08%Cut | 6.27%Added | 5.79%Cut |
 Reliance Industries | 4.08%Added | 3.96%Added | 4.35%Added | 5.13%Added | 4.40%Cut | 3.94% | 4.28%Added | 4.88%Added | 5.20%Added | 4.99%Added | 3.35%Cut | 4.13%Added |
 Axis Bank | 2.35% | 2.06%Added | 1.96% | 1.95%Added | 1.81% | 1.91%Added | 2.09%Added | 2.81%Added | 2.05%Cut | 2.51%Added | 3.73%Added | 3.37%Cut |
| Canara BankCanara Bank (30-Nov-2026) | – | – | – | – | – | – | – | – | – | 3.25%Bought | 2.58% | 2.58% |
 Bharti Airtel | 1.08%Added | 1.31%Added | 0.27%Cut | Sold out | 0.08%Bought again | 2.22%Added | 2.18%Added | 1.92%Added | 1.67%Cut | 1.68% | 2.78%Added | 2.55%Cut |
| National Bank For Agriculture & Rural Development (17-Mar-2027) | – | – | – | – | – | – | 3.96%Bought | 3.41% | 3.34% | 3.18% | 2.53% | 2.52% |
| Union Bank of IndiaUnion Bank of India (16-Mar-2027) | – | – | – | – | – | 5.46%Bought | 3.97% | 3.41% | 3.35% | 3.19% | 2.53% | 2.52% |
 Vodafone Idea | 3.80% | 3.62% | 3.75% | 3.56% | 3.11% | 2.32% | 2.63%Added | 3.15%Added | 3.15% | 2.69% | 2.83%Added | 2.41%Cut |
 IDFC First Bank | 1.49%Cut | 1.29%Added | 1.32% | 1.18% | 0.95% | 0.85%Added | 0.88%Added | 2.57%Added | 2.77% | 2.80% | 2.24% | 2.11% |
 Larsen & Toubro | 1.01% | 0.89%Added | 0.85% | 1.52%Added | 1.07%Cut | 2.89%Added | 2.46%Added | 1.65%Cut | 0.86%Cut | 0.89%Added | 1.21%Added | 1.88%Added |
 HDFC Life Insurance Company | – | – | – | – | 0.97%Bought again | 0.74% | 0.97%Added | 0.85% | 0.80% | 2.50%Added | 1.96% | 1.82%Cut |
 Hindalco Industries | 0.91% | 1.36%Added | 1.43% | 0.05%Cut | Sold out | – | 0.37%Bought again | 2.01%Added | 2.14%Added | 2.08%Added | 1.74%Added | 1.79%Added |
 State Bank of India | 2.26% | 1.97% | 2.38%Added | 2.26%Cut | 0.88%Cut | 2.72%Added | 2.14% | 1.59%Cut | 2.02%Added | 1.99%Added | 1.98%Added | 1.78% |
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 959.2% in Apr 2026
Risk ratios
NAV to 27 Oct 2026
Each bar runs from the lowest to the highest figure among the Direct plans of Arbitrage funds (33 funds) over the same 1 year; 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 glossary0.74%
0.55%Lowest0.69%Average1.11%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%Average0.15%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 glossary2.31
−0.25Lowest1.77Average3.41Highest
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 glossary4.80
−0.31Lowest3.39Average7.85Highest
Against Nifty 50 Arbitrage Index
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 glossary0.77
0.45Lowest0.68Average1.15Highest
AlphaAlpha. The yearly return the fund made beyond what its beta to the benchmark accounts for. Alpha in the glossary+0.30 pts
−1.63 ptsLowest−0.06 ptsAverage+1.07 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 glossary76.3
23.5Lowest69.3Average85.3Highest
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 glossary0.87
0.49Lowest0.83Average0.92Highest
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 glossary97.9%
71.2%Lowest90.9%Average105.3%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 year and since Nov 2024 | −0.44% | 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 |
|---|---|---|
| Feb 2026 to Aug 20267 months | Low | LowNifty 50 Arbitrage Index |
| Jan 20261 month | Low to Moderate | LowNifty 50 Arbitrage Index |
| Feb 2025 to Dec 202511 months | Low | LowNifty 50 Arbitrage Index |
The riskometer at each month end, the fund's and its benchmark's. A month with none on record is left out.
Franklin India 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 | ||
|---|---|---|---|---|---|---|---|---|
| Mukesh JainEquity | Jul 2025 | +6.79%a year | +7.09% | −0.30 pts | 29.7% | 54.9% | 2 | ₹2,502 Cr |
| Rajasa KakulavarapuEquity | – | – | – | – | – | 12 | ₹40,092 Cr | |
| Anuj TagraDebt | Oct 2026 | – | – | – | – | – | 13 | ₹13,367 Cr |
| Rohan MaruDebt | Dec 2024 | +7.02%a year | +7.26% | −0.24 pts | 73.9% | – | 12 | ₹16,294 Cr |
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 | |||||
|---|---|---|---|---|---|
| Franklin India Flexi Cap FundRajasa Kakulavarapu | Dec 2023 | +7.45%a year | +7.27% | +0.18 pts | ₹18,188 Cr |
| Franklin India ELSS Tax Saver FundRajasa Kakulavarapu | Dec 2023 | +7.22%a year | +7.27% | −0.05 pts | ₹5,839 Cr |
| Franklin India Multi Asset Allocation FundRajasa Kakulavarapu | – | – | – | ₹2,767 Cr | |
| Franklin India Balanced Advantage FundRajasa Kakulavarapu | Sep 2022 | +9.59%a year | – | – | ₹2,687 Cr |
| Franklin India Multi Asset Allocation FundAnuj Tagra | Oct 2026 | – | – | – | ₹2,767 Cr |
| Franklin India Balanced Advantage FundAnuj Tagra | Mar 2024 | +4.45%a year | – | – | ₹2,687 Cr |
| Franklin India Aggressive Hybrid FundAnuj Tagra | Mar 2024 | +3.22%a year | – | – | ₹2,264 Cr |
| Franklin India Liquid FundRohan Maru | Oct 2024 | +6.69%a year | – | – | ₹4,811 Cr |
| Franklin India Money Market FundRohan Maru | Oct 2024 | +7.11%a year | – | – | ₹3,887 Cr |
| Franklin India Multi Asset Allocation FundRohan Maru | Jul 2025 | +3.64%a year | – | – | ₹2,767 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 | |
|---|---|---|
| Aditya Birla Sun Life Arbitrage FundAditya Birla Sun Life Mutual Fund | 46.66% | 134 |
| Bajaj Finserv Arbitrage FundBajaj Finserv Mutual Fund | 46.01% | 96 |
| Edelweiss Arbitrage FundEdelweiss Mutual Fund | 45.61% | 123 |
| Nippon India Arbitrage FundNippon India Mutual Fund | 45.38% | 121 |
| Invesco India Arbitrage FundInvesco Mutual Fund | 45.16% | 132 |
| SBI Arbitrage FundSBI Mutual Fund | 44.55% | 130 |
| DSP Arbitrage FundDSP Mutual Fund | 43.92% | 123 |
| HDFC Arbitrage FundHDFC Mutual Fund | 42.84% | 122 |
| Bandhan Arbitrage FundBandhan Mutual Fund | 42.83% | 117 |
| Motilal Oswal Arbitrage FundMotilal Oswal Mutual Fund | 42.58% | 99 |
Portfolios for Sep 2026. Overlap is per cent of the portfolio the two funds hold in common.
Overlap with the fund house's other funds
| Franklin India Equity Savings FundFranklin Templeton Mutual Fund | 27.81% |
| Franklin India Balanced Advantage FundFranklin Templeton Mutual Fund | 25.16% |
| Franklin India Aggressive Hybrid FundFranklin Templeton Mutual Fund | 24.27% |
| Franklin India Multi Asset Allocation FundFranklin Templeton Mutual Fund | 22.99% |
| Franklin India Conservative Hybrid FundFranklin Templeton Mutual Fund | 13.18% |
As the fund house states it, for Sep 2026.
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 generate capital appreciation and income by predominantly investing in arbitrage opportunities in the cash and derivative segments of the equity markets and the arbitrage opportunities available within the derivative segment and by investing the balance in debt and money market instruments. There is no assurance or guarantee that the investment objective of the scheme will be achieved.
Asset allocation
- Under normal circumstances, the investment range would be as follows:Equity and Equity related securities$ : 65% - 100%
- Exposure in debt instruments in CDs, government securities with maturities upto 1 year, mutual fund units of liquid, money market or schemes having Macaulay duration less than 1 year for meeting liquidity and margin requirements and cash & cash equivalent: 0% - 35% ($ including equity derivative instruments)
- Under defence circumstances asset allocaiton as below Equity and Equity related securities$ : 0% - 65%, Exposure in debt instruments in CDs, government securities with maturities up to 1 year, overnight debt securities, mutual fund units of liquid, money market or schemes having Macaulay duration less than 1 year for meeting liquidity and margin requirements, cash & cash equivalent :35%-100% $ including equity derivative instruments.
Type of scheme
An open ended scheme investing in arbitrage opportunities. No investment in InvITs permitted.
- Benchmark
- Nifty 50 Arbitrage Index
- Risk level at launch
- Low
- New fund offer
- 4 Nov 2024 to 18 Nov 2024
- Units first allotted
- 19 Nov 2024
- Open for sale again
- 21 Nov 2024
- Price at the offer
- ₹10 a unit
- Minimum at the offer
- ₹5,000
Plans and codes
| Plan | AMFI code | ISIN | ISIN, reinvestment | MUTF_IN | First NAV |
|---|---|---|---|---|---|
| Direct Growth | 153043 | INF090I01XS9 | FRAN_INDI_ARBI_SWZS4H | 19 Nov 2024 | |
| Regular Growth | 153042 | INF090I01XP5 | FRAN_INDI_ARBI_1UB98TC | 19 Nov 2024 | |
| Direct IDCW | 153041 | INF090I01XU5 | INF090I01XT7 | FRAN_INDI_ARBI_D3TMK1 | 19 Nov 2024 |
| Regular IDCW | 153044 | INF090I01XR1 | INF090I01XQ3 | FRAN_INDI_ARBI_SLNK6V | 19 Nov 2024 |
This fund
- Scheme information documentThe fund's objective, terms, costs and risks in full
Factsheet
- Factsheet as on September 30, 2026Franklin Templeton Mutual Fund, Sep 2026
Statement of additional information
- SAI Franklin Templeton Mutual FundFranklin Templeton Mutual Fund, Oct 2026
Annual report
- Franklin India Banking & PSU Debt Fund Abridged Annual Report 2025 2026Franklin Templeton Mutual Fund, Mar 2026
- Franklin India Corporate Debt Fund Abridged Annual Report 2025 2026Franklin Templeton Mutual Fund, Mar 2026
- Franklin India Focused Equity Fund Abridged Annual Report 2025 2026Franklin Templeton Mutual Fund, Mar 2026
- Franklin India Equity Savings Fund Abridged Annual Report 2025 2026Franklin Templeton Mutual Fund, Mar 2026
Riskometer disclosure
- Number of changes in Risk-o-meter during the FY 2026Franklin Templeton Mutual Fund, Mar 2026
Portfolio overlap disclosure
- Portfolio Overlap - September 30, 2026Franklin Templeton Mutual Fund, Sep 2026