Invesco India Arbitrage Fund Direct Growth NAV today
AMFI: 120401ISIN: INF205K01KR8MUTF_IN: INVE_INDI_ARBI_1C13DUGInvesco Mutual FundArbitrage funds
NAV ₹37.6341up ₹0.07 (0.18%)
NAV for 30 Oct 2026, against 29 Oct 2026. Declared once a day.
Other plans: Regular Growth ₹34.4947, 0.18% · Regular IDCW ₹18.4092 · Direct IDCW ₹20.4359
- 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
- ₹30,396 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
- 2.20%26 Oct 2026
- Exit loadExit load. A charge, as a share of the amount redeemed, on units sold before a set period has passed since they were bought. Exit load in the glossary
- 0.50%if sold within 15 days
- 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
- 19.130 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
- 21030 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
- 30 Apr 2007
Invesco India 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 | 0.00% | −0.01% | +0.11% | – | – | – |
| 1 month | +0.63% | +0.58% | +0.56% | 6 of 40 | +0.56% | +0.5% to +0.6% |
| 3 months | +1.62% | +1.45% | +1.63% | 5 of 39 | +1.52% | +1.5% to +1.5% |
| 6 months | +3.40% | +3.06% | +3.58% | 3 of 39 | +3.22% | +3.1% to +3.3% |
| 1 year | +6.88% | +6.17% | +7.24% | 5 of 34 | +6.62% | +6.5% to +6.7% |
| 3 years | +7.45% | +6.74% | +7.41% | 1 of 26 | +7.24% | +7.1% to +7.3% |
| 5 years | +7.13% | +6.42% | +6.76% | 1 of 24 | +6.73% | +6.6% to +6.8% |
| 10 years | +6.46% | +5.77% | +5.60% | 3 of 15 | +6.33% | +6.2% to +6.4% |
₹10,000 put in on 2 Jan 2013 is ₹25,311 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 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 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 | +6.84% | +7.33% |
| 3 years | +7.44% | +7.42% |
| 5 years | +7.05% | +6.69% |
| 10 years | +6.45% | +5.60% |
| Since launch | +6.94% | +6.21% |
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
Highest year to Dec 2014, +8.9%; lowest year to Dec 2021, +4.1%Above the benchmark in 9 of 12 years
Invesco India 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 | ₹1,24,293₹1,24,287 after stamp duty | +6.74% | +6.73% | ₹6 | |
| 3 years36 instalments | ₹3,60,000 | ₹4,00,690₹4,00,670 after stamp duty | +7.10% | +7.09% | ₹18 | |
| 5 years60 instalments | ₹6,00,000 | ₹7,21,821₹7,21,785 after stamp duty | +7.34% | +7.33% | ₹30 | |
| 10 years120 instalments | ₹12,00,000 | ₹16,91,285₹16,91,238 after stamp duty | +6.68% | +6.68% | ₹38 | |
| Since Jan 2013165 instalments | ₹16,50,000 | ₹26,67,357₹26,67,309 after stamp duty | +6.68% | +6.68% | ₹38 |
A SIP that rises every year: Step-up SIP calculator
Rolling returns
Per cent a year, every window from 2 Jan 2013 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 year3,156 windows+3.6%+6.9%+9.4%100.0%
3 years2,668 windows+4.8%+6.7%+8.6%100.0%
5 years2,175 windows+5.5%+6.4%+7.8%100.0%
10 years943 windows+6.4%+6.6%+6.7%100.0%
Every 1, 3, 5 and 10-year window ended higher than it started.
Invesco 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
- 0.67 ptsA year, on 26 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
- 2.21%Over the last 30 days filed
- Regular, 30-day average
- 2.88%Over the last 30 days filed
Total expense ratio, month by month
- Regular plan
- Direct plan
Direct plan highest 3.30%, Apr 2026.Direct plan lowest 0.29%, Apr 2021.
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 | 0.34% | 0.91% |
| Brokerage | 0.15% | 0.15% |
| Transaction costs | 0.07% | 0.07% |
| Statutory levies | 1.64% | 1.74% |
Per cent of assets a year, filed for 26 Oct 2026. The parts add up to that day's total.
Exit load, in the fund house's words
If redeemed / switched-out within 15 days from the date of allotment - 0.5%. If units are redeemed or switched-out after 15 days from the date of allotment - Nil.
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
- ₹1,000
- 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
As listed for this plan on 31 Oct 2026.
How Invesco 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.
Invesco 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.
- ₹30,062 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
- 70.7%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 Jun 2010.
Assets at each month end
Highest ₹30,618 Cr, Aug 2026.Lowest ₹204 Cr, Mar 2019.
Invesco 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 | ||||
|---|---|---|---|---|---|---|---|
| HDFC BankBanks | Shares | Large cap2nd | 5.58% | 1,694.89 | 2,39,15,450 | – | Jan 2023 |
| Invesco India Money Market Fund | Fund units | 5.52% | 1,678.23 | 49,16,303 | – | Apr 2023 | |
| Invesco India Liquid Fund | Fund units | 5.22% | 1,586.93 | 40,58,659 | – | Nov 2020 | |
| ICICI BankBanks | Shares | Large cap5th | 4.55% | 1,383.62 | 1,04,68,500 | – | Oct 2024 |
| Reliance IndustriesPetroleum Products | Shares | Large cap1st | 3.48% | 1,057.97 | 89,13,000 | – | Dec 2022 |
| Axis BankBanks | Shares | Large cap15th | 2.20% | 669.09 | 54,57,500 | – | Sep 2023 |
| Vodafone IdeaTelecom - Services | Shares | Large cap83rd | 2.20% | 667.54 | 51,54,77,700 | – | Apr 2023 |
| Bharti AirtelTelecom - Services | Shares | Large cap3rd | 2.16% | 656.31 | 37,35,400 | – | Jan 2024 |
| Adani PowerPower | Shares | Large cap23rd | 2.11% | 642.80 | 3,15,09,800 | – | Apr 2026 |
| State Bank of IndiaBanks | Shares | Large cap4th | 1.99% | 605.64 | 63,12,000 | – | Jan 2023 |
| APL Apollo TubesIndustrial Products | Shares | Mid cap190th | 1.77% | 539.03 | 24,61,200 | – | Nov 2024 |
| IDFC First BankBanks | Shares | Mid cap167th | 1.77% | 539.48 | 6,62,42,050 | – | Nov 2024 |
| Power Finance CorporationFinance | Shares | Large cap68th | 1.77% | 538.42 | 1,65,41,200 | – | Sep 2023 |
| Tata SteelFerrous Metals | Shares | Large cap36th | 1.57% | 476.62 | 2,58,61,000 | – | Jun 2022 |
| Multi Commodity Exchange of IndiaCapital Markets | Shares | Mid cap157th | 1.55% | 470.95 | 14,26,950 | – | Feb 2025 |
Weight is per cent of the fund's net assets; value in ₹ crore. 88 lines filed with no weight are listed without one.
Futures and options on 30 Sep 2026
| HDFC Bank Limited October 2026 Future | −5.50% | −1,672.76 | −2,33,77,250 |
| ICICI Bank Limited October 2026 Future | −4.50% | −1,367.73 | −1,02,91,400 |
| Reliance Industries Limited October 2026 Future | −3.24% | −985.62 | −82,70,000 |
| Axis Bank Limited October 2026 Future | −2.20% | −668.15 | −54,41,875 |
| Vodafone Idea Limited October 2026 Future | −2.14% | −649.79 | −50,06,10,900 |
| Adani Power Limited October 2026 Future | −2.08% | −633.12 | −3,10,19,900 |
| Bharti Airtel Limited October 2026 Future | −2.06% | −627.34 | −35,51,100 |
| State Bank of India October 2026 Future | −1.96% | −596.57 | −61,68,000 |
| IDFC First Bank Limited October 2026 Future | −1.76% | −533.66 | −6,54,07,300 |
| APL Apollo Tubes Limited October 2026 Future | −1.75% | −533.37 | −24,19,550 |
| Power Finance Corporation Limited October 2026 Future | −1.60% | −487.30 | −1,48,31,700 |
| Tata Steel Limited October 2026 Future | −1.56% | −472.91 | −2,54,15,500 |
| Multi Commodity Exchange of India Limited October 2026 Future | −1.54% | −468.18 | −14,03,325 |
| Canara Bank October 2026 Future | −1.51% | −458.91 | −3,80,83,500 |
| Coal India Limited October 2026 Future | −1.47% | −447.59 | −1,05,04,350 |
Weight is per cent of the fund's net assets; value in ₹ crore. 88 lines filed with no weight are listed without one.
Cash and receivables on 30 Sep 2026
| Net Receivables / (Payables) | 79.73% | 24,243.89 |
| Triparty Repo | 2.98% | 906.75 |
Weight is per cent of the fund's net assets; value in ₹ crore. 88 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
- 5.58%HDFC Bank
- Top 5 holdingsTop 5 holdings. The share of the fund held in its five largest positions. Top 5 holdings in the glossary
- 24.35%
- Top 10 holdingsTop 10 holdings. The share of the fund held in its ten largest positions. Top 10 holdings in the glossary
- 35.01%
- 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
- 27.81%
- 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
- 49.3Taken over 97.23% 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 shares79.58%
- Bonds and bills5.84%
- Units of other funds11.81%
- Cash and receivables2.77%
- 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−79.94%
- 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 glossary79.94%
Per cent of the fund's net assets.
Large, mid and small cap
- Large cap67.76%Category 75.59%
- Mid cap25.92%Category 19.51%
- Small cap6.32%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 glossary6sectors
- Fast Moving Consumer Goods0.80%Category 0.28%
- Financial Services0.67%Category 2.09%
- Consumer Services0.23%Category 0.19%
- Information Technology0.02%Category 0.10%
- Consumer Durables0.01%Category 0.20%
- Power0.01%Category 0.12%
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 | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fast Moving Consumer Goods14 companies | 0.80% | 0.76% | 0.42% | 1.47% | 1.59% | 2.62% | 1.07% | 0.10% | 0.43% | 0.52% | 0.42% | 0.47% | |
| Financial Services50 companies | 0.67% | 1.23% | 1.91% | 2.15% | 2.53% | 4.40% | 2.68% | 2.83% | 4.24% | 0.49% | 0.34% | −0.07% | |
| Consumer Services9 companies | 0.23% | 0.22% | 0.11% | 0.57% | 0.50% | 0.09% | 0.02% | 0.20% | 0.09% | 0.03% | 0.05% | 0.01% | |
| Information Technology11 companies | 0.02% | 0.00% | 0.03% | 0.01% | 0.01% | 0.00% | 0.25% | 0.11% | 0.33% | 0.41% | 0.02% | 0.13% | |
| Consumer Durables9 companies | 0.01% | 0.01% | −0.01% | −0.01% | −0.03% | 0.01% | 0.00% | −0.02% | −0.01% | −0.01% | −0.03% | −0.02% | |
| Power8 companies | 0.01% | −0.05% | −0.01% | −0.01% | −0.03% | 0.00% | 0.00% | −0.02% | 0.03% | −0.03% | −0.01% | 0.01% | |
| Oil Gas & Consumable Fuels9 companies | 0.00% | −0.01% | −0.03% | −0.02% | −0.02% | −0.01% | 0.00% | −0.01% | −0.02% | −0.02% | −0.01% | −0.03% | |
| Automobile And Auto Components12 companies | 0.00% | −0.01% | 0.00% | 0.00% | −0.02% | −0.01% | 0.00% | −0.03% | 0.01% | −0.03% | 0.02% | −0.01% | |
| Chemicals5 companies | 0.00% | 0.01% | 0.00% | 0.00% | 0.00% | 0.01% | 0.00% | 0.00% | −0.01% | −0.01% | −0.01% | −0.01% | |
| Construction Materials4 companies | 0.00% | −0.03% | 0.00% | 0.00% | −0.02% | −0.01% | 0.00% | −0.01% | −0.01% | 0.00% | 0.00% | −0.01% | |
| Construction3 companies | 0.00% | 0.00% | 0.00% | 0.00% | 0.01% | 0.00% | 0.00% | 0.00% | 0.00% | −0.01% | 0.00% | 0.00% | |
| Textiles1 company | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
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
- 6.79%Lines stating a yield: 66.21% 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
- 4.54%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
- 8days
- 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
- 8days
- Average maturityAverage maturity. The weighted average time, in years, until the fund's bonds are repaid. Average maturity in the glossary
- 8days
- 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 over a year
- Sovereign0.16%
Loans of under a year
- A1+5.68%
Other
- Overnight lending2.98%
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 month2.98%
- 1 to 3 monthsNone
- 3 to 6 months5.84%
- 6 to 12 monthsNone
- 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
- 1.60%HDFC Bank Limited
- Top 5 borrowers
- 3.76%
- Top 10 borrowers
- 3.76%
Per cent of the fund's net assets. Lent outside the government: 5.68% of the fund, to 5 borrowers; the borrower is named for 66.20% of it, its group for 4.23%.
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
- 1667.87% 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
- 19774.56% 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
- 2
- 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
- 108
- 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
- 261
- UnchangedUnchanged. Holdings with the same number of units as the month before. Their weight can still move with the price. Unchanged in the glossary
- 12
- 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
- 7.87%
- 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
- 98.16%
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 | ||||
|---|---|---|---|---|---|
| Invesco India Liquid Fund | Trimmed | 5.22% | 10.73% | −5.51 pts | −43,87,047 |
| Punjab National BankPunjab National Bank 2027 | Sold out | – | 1.27% | −1.27 pts | −4,00,00,000 |
| Axis Bank | Trimmed | 2.20% | 3.46% | −1.26 pts | −26,99,375 |
| Bharti Airtel | Trimmed | 2.16% | 3.42% | −1.26 pts | −20,40,600 |
| ICICI Bank | Added | 4.55% | 3.42% | +1.13 pts | +32,64,100 |
| Power Finance Corporation | Added | 1.77% | 0.75% | +1.02 pts | +96,96,700 |
| Reliance Industries | Added | 3.48% | 2.56% | +0.92 pts | +27,82,500 |
| APL Apollo Tubes | Added | 1.77% | 0.87% | +0.90 pts | +12,64,550 |
| Adani Power | Added | 2.11% | 1.29% | +0.82 pts | +1,15,94,300 |
| Infosys | Added | 1.01% | 0.21% | +0.80 pts | +25,32,800 |
| Divi's Laboratories | Added | 1.08% | 0.30% | +0.78 pts | +2,55,800 |
| Adani Ports and Special Economic Zone | Trimmed | 0.04% | 0.80% | −0.76 pts | −14,60,625 |
| State Bank of India | Added | 1.99% | 1.23% | +0.76 pts | +27,60,750 |
| Hitachi Energy India | Trimmed | 0.10% | 0.84% | −0.74 pts | −65,950 |
| Union Bank of IndiaUnion Bank of India 2026 | Sold out | – | 0.64% | −0.64 pts | −2,00,00,000 |
Weights are per cent of the fund's net assets; a change in weight is in percentage points. Securities only: 523 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
 HDFC Bank | 4.32%Added | 3.75%Cut | 4.43%Added | 5.44%Added | 5.56%Added | 4.95%Cut | 2.73%Cut | 6.30%Added | 1.43%Cut | 3.48%Added | 6.00%Added | 5.58%Cut |
| Invesco India Money Market Fund | 4.12%Cut | 4.44%Added | 4.86%Added | 4.67% | 6.82%Added | 7.41% | 5.36%Cut | 5.23% | 5.20% | 5.03% | 4.90% | 5.52%Added |
| Invesco India Liquid Fund | 8.41%Added | 9.44%Added | 7.18%Cut | 8.66%Added | 8.37%Cut | 7.67%Cut | 8.55%Added | 6.72%Cut | 6.96%Added | 14.22%Added | 10.73%Cut | 5.22%Cut |
 ICICI Bank | 5.22%Added | 2.91%Cut | 4.41%Added | 3.67%Cut | 2.65%Cut | 2.62%Added | 3.40%Added | 5.64%Added | 3.21%Cut | 2.88%Cut | 3.42%Added | 4.55%Added |
 Reliance Industries | 2.30%Cut | 1.64%Cut | 2.06%Added | 4.33%Added | 2.88%Cut | 0.41%Cut | 2.00%Added | 2.52%Added | 3.76%Added | 2.80%Cut | 2.56%Cut | 3.48%Added |
 Axis Bank | 0.81%Cut | 0.54%Cut | 1.21%Added | 1.56%Added | 0.67%Cut | 0.89%Added | 0.42%Cut | 0.74%Added | 0.72%Cut | 2.17%Added | 3.46%Added | 2.20%Cut |
 Vodafone Idea | 1.48%Cut | 1.56%Cut | 2.35%Added | 2.30%Cut | 2.29%Added | 1.65%Cut | 1.86%Cut | 1.86%Cut | 1.89%Added | 2.03%Added | 2.41%Added | 2.20%Added |
 Bharti Airtel | 0.13%Cut | 1.05%Added | 0.26%Cut | 0.35%Added | 0.17%Cut | 1.77%Added | 1.14%Cut | 0.53%Cut | 3.18%Added | 3.20%Cut | 3.42%Added | 2.16%Cut |
 Adani Power | – | – | – | – | – | – | 0.69%Bought again | 0.88%Added | 0.86%Added | 0.84%Added | 1.29%Added | 2.11%Added |
 State Bank of India | 1.12%Cut | 0.45%Cut | 0.57%Added | 0.76%Added | 0.09%Cut | 3.54%Added | 3.68%Cut | 2.29%Cut | 0.84%Cut | 1.02%Added | 1.23%Added | 1.99%Added |
 APL Apollo Tubes | 0.87%Cut | 0.40%Cut | 0.62%Added | 0.59%Cut | 0.03%Cut | 0.03%Added | 0.11%Added | 0.16%Added | 0.13%Cut | 0.26%Added | 0.87%Added | 1.77%Added |
 IDFC First Bank | 0.36%Cut | 0.31%Cut | 0.16%Cut | 0.02%Cut | 0.25%Added | 0.20%Cut | 0.31%Added | 0.35%Added | 1.14%Added | 1.91%Added | 1.88%Cut | 1.77%Cut |
 Power Finance Corporation | 0.29%Cut | 0.73%Added | 0.67%Cut | –Cut | 0.04%Added | 0.01%Cut | 0.02%Added | 0.12%Added | 0.66%Added | 0.17%Cut | 0.75%Added | 1.77%Added |
 Tata Steel | 0.48%Added | 0.48%Added | 0.69%Added | 0.43%Cut | 0.61%Added | 0.32%Cut | 0.92%Added | 0.89%Added | 0.40%Cut | 0.41%Added | 1.10%Added | 1.57%Added |
 Multi Commodity Exchange of India | 1.33%Added | 0.62%Cut | 0.53%Cut | 0.99%Added | 0.97%Added | 1.37%Added | 1.52%Cut | 0.48%Cut | 0.01%Cut | 0.12%Added | 1.51%Added | 1.55%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 1,674.0% in Apr 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 glossary0.50%
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 glossary2.80
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 glossary6.68
1.15Lowest4.63Average6.68Highest
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 glossary0.56
0.51Lowest0.63Average0.89Highest
AlphaAlpha. The yearly return the fund made beyond what its beta to the benchmark accounts for. Alpha in the glossary+0.62 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 glossary45.6
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 glossary0.68
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 glossary100.2%
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, 3 and 5 years | −0.40% | 3 Aug 2026 | 6 Aug 2026 | 21 Aug 2026 |
| 10 years and since Jan 2013 | −0.52% | 29 May 2020 | 3 Jun 2020 | 30 Jun 2020 |
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 |
|---|---|---|
| Oct 2021 to Aug 202659 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.
Invesco 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 | ||
|---|---|---|---|---|---|---|---|---|
| Deepak GuptaPrimary | Nov 2021 | +7.14%a year | +6.75% | +0.39 pts | 62.5% | 31.7% | 3 | ₹30,836 Cr₹30,396 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 | |||||
|---|---|---|---|---|---|
| Invesco India Equity Savings FundDeepak Gupta | Dec 2023 | +7.26%a year | – | – | ₹268 Cr |
| Invesco India Income Plus Arbitrage Active Fund of FundDeepak Gupta | – | – | – | ₹172 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 | |
|---|---|---|
| Bandhan Arbitrage FundBandhan Mutual Fund | 56.04% | 153 |
| Kotak Arbitrage FundKotak Mahindra Mutual Fund | 54.81% | 173 |
| ICICI Prudential Arbitrage FundICICI Prudential Mutual Fund | 54.58% | 168 |
| SBI Arbitrage FundSBI Mutual Fund | 53.79% | 170 |
| Axis Arbitrage FundAxis Mutual Fund | 52.05% | 150 |
| Tata Arbitrage FundTata Mutual Fund | 51.17% | 141 |
| HDFC Arbitrage FundHDFC Mutual Fund | 50.42% | 151 |
| Edelweiss Arbitrage FundEdelweiss Mutual Fund | 50.12% | 162 |
| Nippon India Arbitrage FundNippon India Mutual Fund | 49.30% | 154 |
| Aditya Birla Sun Life Arbitrage FundAditya Birla Sun Life Mutual Fund | 48.86% | 172 |
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
| Invesco India Equity Savings FundInvesco Mutual Fund | 33.05% |
| Invesco India Multi Asset Allocation FundInvesco Mutual Fund | 26.82% |
| Invesco India Balanced Advantage FundInvesco Mutual Fund | 25.34% |
| Invesco India Aggressive Hybrid FundInvesco Mutual Fund | 20.89% |
As the fund house states it, for Sep 2026.
Invesco India Arbitrage Fund dividend history
IDCW (income distribution cum capital withdrawal), once called a dividend: rupees per unit, paid to holders on the record date and taken out of the NAV. Paid by the fund's Direct IDCW plan.Every fund's payouts
Paid per unit, the latest payouts
- Paid per unitIDCW payout. Rupees paid out per unit to holders on the record date; the money comes out of the fund, so the plan's NAV falls by the same amount. IDCW payout in the glossary
Largest ₹0.06 a unit, Oct 2020.
Every payout
| IDCW yield. A payout as a share of the plan's NAV on the record date, before the NAV fell by the amount paid. IDCW yield in the glossary | NAV before | NAV after | ||
|---|---|---|---|---|
| 20 May 2021 | ₹0.03 | 0.21% | ₹14.2375 | ₹14.2101 |
| 19 Nov 2020 | ₹0.05 | 0.36% | ₹14.0063 | ₹13.9566 |
| 15 Oct 2020 | ₹0.06 | 0.43% | ₹14.0208 | ₹13.9585 |
All 3 payouts since 15 Oct 2020.
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
To generate income by predominantly investing in arbitrage opportunities in the cash and derivatives market, and by investing the balance in debt and money market instruments.
Asset allocation
- Equity and Equity Related Instruments: Min. 65% Max. 100%
- Other arbitrage opportunities : Min. 0% Max. 35%
- Debt^, Money Market Instruments: Min. 0% Max. 35%
*Equity Derivative#: Min. 65% Max. 100%
Type of scheme
An open ended scheme investing in arbitrage opportunities
- Benchmark
- Nifty 50 Arbitrage
- Risk level at launch
- Low to Moderate
- New fund offer
- 10 Apr 2007 to 20 Apr 2007
- Units first allotted
- 30 Apr 2007
- Open for sale again
- 3 May 2007
- 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 | 120401 | INF205K01KR8 | INVE_INDI_ARBI_1C13DUG | 2 Jan 2013 | |
| Regular Growth | 105603 | INF205K01122 | INVE_INDI_ARBI_GU9047 | 3 May 2007 | |
| Direct IDCW | 120400 | INF205K01KP2 | INF205K01KQ0 | INVE_INDI_ARBI_1B1T282 | 2 Jan 2013 |
| Regular IDCW | 105604 | INF205K01148 | INF205K01130 | INVE_INDI_ARBI_149OZ5V | 3 May 2007 |
This fund
- Scheme information documentThe fund's objective, terms, costs and risks in full
Factsheet
- Factsheet - September 2026Invesco Mutual Fund, Sep 2026
Statement of additional information
- SAI Invesco Mutual FundInvesco Mutual Fund, Oct 2026
Annual report
- Annual Report for FY 2025-26Invesco Mutual Fund, Mar 2026
- Abridged Annual Report (2025-2026) Fixed Income SchemesInvesco Mutual Fund, Mar 2026
Riskometer disclosure
- Invesco MF - Risk-O-Meter Disclosure FY 25-26Invesco Mutual Fund, Mar 2026
Portfolio overlap disclosure
- Portfolio Overlap - September 2026Invesco Mutual Fund, Sep 2026