SBI Arbitrage Fund Direct Growth NAV today
AMFI: 119574ISIN: INF200K01QU0MUTF_IN: SBI_ARBI_DIR_ODXHBCSBI Mutual FundArbitrage funds
Formerly SBI Arbitrage Opportunities Fund
NAV ₹39.0654up ₹0.03 (0.07%)
NAV for 27 Oct 2026, against 26 Oct 2026. Declared once a day.
Other plans: Regular Growth ₹36.5003, 0.07% · Regular IDCW ₹19.1951 · Direct IDCW ₹21.1076
- 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
- ₹46,309 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
- 1.47%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
- 0.25%if sold within 1 month
- 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
- 20.330 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
- 20030 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
- 3 Nov 2006
SBI 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). 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 | +0.18% | +0.17% | +0.06% | – | – | – |
| 1 month | +0.56% | +0.52% | +0.74% | 14 of 40 | +0.54% | +0.5% to +0.6% |
| 3 months | +1.64% | +1.51% | +1.77% | 15 of 39 | +1.60% | +1.6% to +1.7% |
| 6 months | +3.21% | +2.94% | +3.43% | 20 of 38 | +3.21% | +3.1% to +3.3% |
| 1 year | +6.60% | +6.07% | +7.21% | 18 of 34 | +6.61% | +6.5% to +6.7% |
| 3 years | +7.23% | +6.68% | +7.36% | 15 of 26 | +7.24% | +7.1% to +7.3% |
| 5 years | +6.84% | +6.30% | +6.74% | 6 of 24 | +6.73% | +6.6% to +6.8% |
| 10 years | +6.25% | +5.72% | +5.60% | 11 of 15 | +6.34% | +6.2% to +6.5% |
₹10,000 put in on 14 Jan 2013 is ₹24,887 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 | +6.58% | +7.33% |
| 3 years | +7.25% | +7.42% |
| 5 years | +6.86% | +6.69% |
| 10 years | +6.24% | +5.60% |
| Since launch | +6.83% | +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, +9.1%; lowest year to Dec 2020, +4.0%Above the benchmark in 10 of 12 years
SBI 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 | ₹1,24,038₹1,24,031 after stamp duty | +6.44% | +6.43% | ₹6 | |
| 3 years36 instalments | ₹3,60,000 | ₹3,99,242₹3,99,222 after stamp duty | +6.89% | +6.88% | ₹18 | |
| 5 years60 instalments | ₹6,00,000 | ₹7,17,562₹7,17,526 after stamp duty | +7.12% | +7.12% | ₹30 | |
| 10 years120 instalments | ₹12,00,000 | ₹16,69,835₹16,69,788 after stamp duty | +6.44% | +6.44% | ₹38 | |
| Since Jan 2013165 instalments | ₹16,50,000 | ₹26,25,045₹26,24,998 after stamp duty | +6.48% | +6.48% | ₹38 |
A SIP that rises every year: Step-up SIP calculator
Rolling returns
Per cent a year, every window from 14 Jan 2013 to 27 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 year3,154 windows+2.7%+6.7%+9.9%100.0%
3 years2,666 windows+4.2%+6.5%+8.8%100.0%
5 years2,172 windows+5.3%+6.3%+7.9%100.0%
10 years939 windows+6.2%+6.4%+6.6%100.0%
Every 1, 3, 5 and 10-year window ended higher than it started.
SBI 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
- 0.52 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
- 1.47%Over the last 30 days filed
- Regular, 30-day average
- 1.99%Over the last 30 days filed
Total expense ratio, month by month
- Regular plan
- Direct plan
Direct plan highest 1.82%, Apr 2026.Direct plan lowest 0.23%, Jan 2019.
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% | 0.78% |
| Brokerage | 0.11% | 0.11% |
| Transaction costs | 0.05% | 0.05% |
| Statutory levies | 0.97% | 1.05% |
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
For exit within 1 month from the date of allotment – 0.25% For exit after 1 month 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
- ₹5,000
- Minimum top-up
- ₹1,000
- Minimum redemption
- ₹500
- SIP
- Accepted
- SIP minimum
- ₹1,000
- 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 29 Oct 2026.
How SBI 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.
SBI 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.
- ₹46,867 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
- 54.8%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 ₹47,283 Cr, Aug 2026.Lowest ₹2,561 Cr, Mar 2019.
SBI 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 | ||||
|---|---|---|---|---|---|---|---|
| SBI Liquid FundMutual Fund/ETF | Fund units | 7.25% | 3,356.66 | 75,38,173 | – | Jun 2025 | |
| SBI Money Market FundMutual Fund/ETF | Fund units | 7.06% | 3,271.36 | 67,94,06,835 | – | Oct 2021 | |
| Reliance IndustriesPetroleum Products | Shares | Large cap1st | 5.58% | 2,584.22 | 2,17,71,000 | – | Dec 2021or earlier |
| HDFC BankBanks | Shares | Large cap2nd | 4.92% | 2,276.14 | 3,21,17,150 | – | Apr 2022 |
| State Bank of IndiaBanks | Shares | Large cap4th | 3.68% | 1,705.22 | 1,77,72,000 | – | May 2023 |
| ICICI BankBanks | Shares | Large cap5th | 2.75% | 1,275.19 | 96,48,100 | – | Jun 2021 |
| HDFC BankHDFC Bank Ltd., [ICRA]A1+, repaid 18 Jan 2027 | Bonds and bills | 2.54% | 1,176.29 | 24,000 | 6.75% | Sep 2026 | |
| Bharti AirtelTelecom - Services | Shares | Large cap3rd | 2.39% | 1,104.56 | 62,86,625 | – | Oct 2023 |
| Axis BankBanks | Shares | Large cap15th | 2.31% | 1,071.60 | 87,40,625 | – | Aug 2018or earlier |
| Tata SteelFerrous Metals | Shares | Large cap36th | 1.59% | 734.34 | 3,98,44,750 | – | Jul 2022 |
| JSW SteelFerrous Metals | Shares | Large cap26th | 1.58% | 730.48 | 58,27,950 | – | Apr 2017 |
| Bajaj FinanceFinance | Shares | Large cap7th | 1.57% | 727.97 | 75,87,750 | – | Oct 2024 |
| Adani EnterprisesMetals & Minerals Trading | Shares | Large cap28th | 1.41% | 654.11 | 22,52,919 | – | Jun 2021 |
| Bharat ElectronicsAerospace & Defense | Shares | Large cap25th | 1.36% | 629.19 | 1,62,03,675 | – | Apr 2022 |
| Hindustan AeronauticsAerospace & Defense | Shares | Large cap29th | 1.16% | 539.36 | 11,55,450 | – | Nov 2022 |
Weight is per cent of the fund's net assets; value in ₹ crore. 5 lines filed with no weight are listed without one.
Futures and options on 30 Sep 2026
| HDFC Bank Ltd. 27.10.2026 | −4.50% | −2,085.36 | −2,91,43,400 |
| Reliance Industries Ltd. 27.10.2026 | −4.41% | −2,040.00 | −1,71,17,000 |
| State Bank of India 27.10.2026 | −3.20% | −1,482.65 | −1,53,29,250 |
| ICICI Bank Ltd. 27.10.2026 | −2.17% | −1,006.21 | −75,71,200 |
| Bharti Airtel Ltd. 27.10.2026 | −1.80% | −833.43 | −47,17,700 |
| Axis Bank Ltd. 27.10.2026 | −1.78% | −825.62 | −67,24,375 |
| JSW Steel Ltd. 27.10.2026 | −1.48% | −683.10 | −53,96,625 |
| Tata Steel Ltd. 27.10.2026 | −1.47% | −680.45 | −3,65,69,500 |
| Reliance Industries Ltd. 23.11.2026 | −1.20% | −557.41 | −46,54,000 |
| Adani Enterprises Ltd. 27.10.2026 | −1.17% | −541.08 | −18,64,197 |
| Hindustan Aeronautics Ltd. 27.10.2026 | −1.03% | −478.89 | −10,18,050 |
| Bajaj Finance Ltd. 27.10.2026 | −0.97% | −447.79 | −46,36,500 |
| Vodafone Idea Ltd. 27.10.2026 | −0.96% | −444.30 | −34,22,93,775 |
| Adani Green Energy Ltd. 27.10.2026 | −0.95% | −441.88 | −34,58,400 |
| Adani Power Ltd. 27.10.2026 | −0.93% | −430.82 | −2,11,08,300 |
Weight is per cent of the fund's net assets; value in ₹ crore. 5 lines filed with no weight are listed without one.
Cash and receivables on 30 Sep 2026
| TREPS | 2.40% | 1,113.66 |
| Net Receivable / Payable | −0.32% | −179.13 |
| Margin amount for Derivative positions | – | 0.10 |
Weight is per cent of the fund's net assets; value in ₹ crore. 5 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
- 7.25%SBI Liquid Fund
- Top 5 holdingsTop 5 holdings. The share of the fund held in its five largest positions. Top 5 holdings in the glossary
- 28.49%
- Top 10 holdingsTop 10 holdings. The share of the fund held in its ten largest positions. Top 10 holdings in the glossary
- 40.07%
- 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
- 27.78%
- 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
- 40.5Taken over 97.92% 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 shares77.15%
- Bonds and bills6.46%
- Units of other funds14.31%
- Cash and receivables2.08%
- 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−77.57%
- 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 glossary77.57%
Per cent of the fund's net assets.
Large, mid and small cap
- Large cap80.10%Category 75.59%
- Mid cap17.11%Category 19.51%
- Small cap2.79%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
- Realty0.01%Category 0.02%
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 | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Realty6 companies | 0.01% | 0.01% | 0.00% | 0.00% | −0.02% | 0.00% | −0.02% | 0.00% | 0.00% | −0.02% | −0.02% | 0.00% | |
| Automobile And Auto Components14 companies | 0.00% | −0.02% | 0.02% | −0.01% | −0.03% | −0.04% | −0.02% | −0.01% | −0.01% | −0.03% | −0.01% | −0.01% | |
| Consumer Durables7 companies | 0.00% | −0.01% | 0.00% | 0.01% | −0.06% | −0.02% | 0.03% | 0.00% | −0.01% | −0.02% | −0.02% | −0.01% | |
| Power8 companies | 0.00% | −0.07% | −0.02% | −0.02% | −0.03% | −0.03% | −0.01% | −0.01% | 0.00% | −0.01% | −0.01% | 0.01% | |
| Information Technology10 companies | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.01% | 0.00% | 0.02% | −0.03% | −0.01% | −0.02% | −0.02% | |
| Construction3 companies | 0.00% | −0.02% | −0.01% | 0.00% | 0.00% | −0.01% | 0.00% | −0.01% | −0.01% | −0.01% | −0.01% | 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% | |
| Metals & Mining10 companies | −0.01% | −0.06% | −0.02% | −0.02% | −0.05% | −0.03% | −0.03% | −0.27% | 0.02% | −0.02% | −1.41% | −0.04% | |
| Services5 companies | −0.01% | −0.02% | −0.01% | 0.01% | −0.01% | −0.01% | −0.01% | −0.01% | 0.00% | −0.02% | 0.00% | 0.00% | |
| Chemicals4 companies | −0.01% | 0.01% | 0.00% | 0.00% | −0.02% | −0.01% | −0.01% | 0.01% | −0.01% | 0.00% | 0.00% | 0.00% | |
| Construction Materials4 companies | −0.01% | −0.01% | −0.01% | −0.01% | −0.01% | 0.00% | 0.01% | −0.03% | 0.00% | −0.01% | −0.01% | 0.00% | |
| Fast Moving Consumer Goods14 companies | −0.02% | −0.08% | 0.01% | −0.02% | −0.04% | −0.03% | −0.02% | −0.03% | −0.01% | −0.03% | −0.04% | −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: 72.91% 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
- 5.18%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
- 7days
- 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
- 7days
- Average maturityAverage maturity. The weighted average time, in years, until the fund's bonds are repaid. Average maturity in the glossary
- 7days
- 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
- Sovereign0.05%
Loans of under a year
- A1+6.41%
Other
- Overnight lending2.40%
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 month2.84%
- 1 to 3 months0.05%
- 3 to 6 months5.97%
- 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
- 2.54%HDFC Bank Limited
- Top 5 borrowers
- 5.99%
- Top 10 borrowers
- 6.20%
Per cent of the fund's net assets. Lent outside the government: 6.41% of the fund, to 6 borrowers; the borrower is named for 96.72% of it, its group for 23.09%.
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
- 15022.56% 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
- 20168.10% 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
- 90
- 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
- 227
- UnchangedUnchanged. Holdings with the same number of units as the month before. Their weight can still move with the price. Unchanged in the glossary
- 7
- 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
- 22.56%
- 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
- 79.96%
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 | ||||
|---|---|---|---|---|---|
| SBI Money Market Fund | Trimmed | 7.06% | 10.38% | −3.32 pts | −34,48,00,000 |
| HDFC BankHDFC Bank Ltd. | New | 2.54% | 0.00% | +2.54 pts | +24,000 |
| SBI Liquid Fund | Added | 7.25% | 5.48% | +1.77 pts | +16,91,823 |
| Reliance Industries | Added | 5.58% | 4.30% | +1.28 pts | +58,33,500 |
| Union Bank of IndiaUnion Bank of India | New | 1.06% | 0.00% | +1.06 pts | +10,000 |
| Bank of BarodaBank of Baroda | Sold out | – | 0.94% | −0.94 pts | −9,000 |
| Tata Steel | Added | 1.59% | 1.05% | +0.54 pts | +1,29,74,500 |
| Samvardhana Motherson International | Added | 0.71% | 0.33% | +0.38 pts | +1,09,47,000 |
| IndusInd Bank | Added | 0.43% | 0.06% | +0.37 pts | +19,21,500 |
| SBI Ultra Short to Short Term Fund | Sold out | – | 0.35% | −0.35 pts | −4,24,032 |
| DLF | Trimmed | 0.05% | 0.37% | −0.32 pts | −21,90,700 |
| Bharat Electronics | Trimmed | 1.36% | 1.67% | −0.31 pts | −29,05,575 |
| Divi's Laboratories | Added | 1.09% | 0.80% | +0.29 pts | +1,41,100 |
| ICICI Bank | Added | 2.75% | 2.46% | +0.29 pts | +16,36,600 |
| Bajaj Finance | Added | 1.57% | 1.31% | +0.26 pts | +17,28,750 |
Weights are per cent of the fund's net assets; a change in weight is in percentage points. Securities only: 462 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| SBI Liquid Fund | 3.07%Added | 3.48%Added | 3.92%Added | 5.53%Added | 6.59%Added | 7.16% | 5.73%Cut | 8.47%Added | 5.17%Cut | 2.74%Cut | 5.48%Added | 7.25%Added |
| SBI Money Market Fund | 8.29% | 8.09% | 8.00% | 7.69% | 7.59% | 8.23% | 7.94% | 7.87% | 12.74%Added | 12.56% | 10.38%Cut | 7.06%Cut |
 Reliance Industries | 2.84%Cut | 2.15%Cut | 1.94%Cut | 2.11%Added | 2.01%Cut | 1.63%Cut | 1.87%Added | 2.50%Added | 3.35%Added | 3.63%Added | 4.30%Added | 5.58%Added |
 HDFC Bank | 6.68%Added | 6.17%Cut | 5.97%Cut | 5.55%Added | 6.00%Added | 5.47%Added | 5.24%Cut | 5.69%Added | 5.53%Cut | 4.54%Cut | 5.14%Added | 4.92%Cut |
 State Bank of India | 1.66%Cut | 0.80%Cut | 0.97%Added | 0.77%Cut | 0.77%Cut | 1.39%Added | 3.34%Added | 3.13%Added | 3.13%Cut | 3.30%Added | 3.75%Added | 3.68%Added |
 ICICI Bank | 4.69%Cut | 5.34%Added | 4.81%Cut | 4.18%Cut | 4.08%Cut | 3.57%Cut | 3.81%Added | 5.42%Added | 4.23%Cut | 2.74%Cut | 2.46%Cut | 2.75%Added |
| HDFC BankHDFC Bank Ltd. | – | – | – | – | – | – | – | – | – | – | – | 2.54%Bought |
 Bharti Airtel | 1.28%Cut | 1.43%Added | 1.29%Cut | 1.56%Added | 1.19%Cut | 2.31%Added | 2.17%Cut | 1.71%Cut | 1.50%Cut | 1.78%Added | 2.37%Added | 2.39%Added |
 Axis Bank | 1.04%Added | 1.42%Added | 1.38%Cut | 2.29%Added | 1.71%Cut | 1.81%Added | 1.43%Cut | 1.81%Added | 1.40%Cut | 1.80%Added | 2.41%Added | 2.31%Cut |
 Tata Steel | 0.53%Added | 0.64%Added | 0.75%Added | 0.77%Added | 0.56%Cut | 0.45%Cut | 0.54%Added | 0.43%Cut | 0.44%Added | 0.47%Added | 1.05%Added | 1.59%Added |
 JSW Steel | 1.13%Added | 1.08%Added | 1.30%Added | 1.35%Added | 1.65%Added | 1.59%Added | 1.77%Added | 1.79%Added | 1.54%Cut | 1.57%Cut | 1.59%Cut | 1.58%Added |
 Bajaj Finance | 0.14%Added | 0.33%Added | 0.22%Cut | 0.56%Added | 0.32%Cut | 0.28%Added | 0.37%Added | 0.43%Added | 0.85%Added | 1.79%Added | 1.31%Cut | 1.57%Added |
 Adani Enterprises | 0.34%Added | 0.02%Cut | 0.02% | 0.02%Cut | 0.02% | 1.10%Added | 1.36%Cut | 1.68%Added | 1.62%Cut | 1.51%Cut | 1.37%Cut | 1.41%Cut |
 Bharat Electronics | 1.18%Added | 1.10%Cut | 1.08%Added | 1.56%Added | 1.46%Cut | 1.50%Added | 1.58%Added | 1.58%Added | 1.53%Added | 1.35%Cut | 1.67%Added | 1.36%Cut |
 Hindustan Aeronautics | 1.58%Added | 1.05%Cut | 1.06%Added | 1.11%Added | 1.13%Added | 1.11%Added | 1.26%Cut | 0.88%Cut | 0.90%Added | 0.79%Cut | 1.32%Added | 1.16%Cut |
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 1,157.2% in Sep 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 (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 glossary2.44
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 glossary5.30
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 glossary0.63
0.51Lowest0.63Average0.89Highest
AlphaAlpha. The yearly return the fund made beyond what its beta to the benchmark accounts for. Alpha in the glossary+0.34 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 glossary59.0
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 glossary0.77
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 glossary97.8%
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 | −0.49% | 3 Aug 2026 | 6 Aug 2026 | 1 Sep 2026 |
| 10 years and since Jan 2013 | −0.65% | 16 Mar 2020 | 25 Mar 2020 | 15 Apr 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.
SBI 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 | ||
|---|---|---|---|---|---|---|---|---|
| Neeraj KumarEquity | Jan 2013this role since Jan 2024 | +6.83%a year | +6.20% | +0.63 pts | – | – | 3 | ₹51,916 Cr |
| Ardhendu Bhattacharya | Dec 2024 | +6.79%a year | +7.32% | −0.53 pts | 27.7% | 30.9% | 13 | ₹97,010 Cr₹6,219 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 | |||||
|---|---|---|---|---|---|
| SBI Equity Savings FundNeeraj Kumar | May 2015 | +9.17%a year | – | – | ₹5,413 Cr |
| SBI Corporate Bond FundArdhendu Bhattacharya | Dec 2023 | +6.98%a year | – | – | ₹21,803 Cr |
| SBI Ultra Short Term FundArdhendu Bhattacharya | Dec 2023 | +7.09%a year | – | – | ₹11,237 Cr |
| SBI Banking & PSU Debt FundArdhendu Bhattacharya | Dec 2023 | +7.08%a year | – | – | ₹3,512 Cr |
| SBI Nifty 10 yr Benchmark G-Sec ETFArdhendu Bhattacharya | Dec 2023 | – | +5.81% | – | ₹3,226 Cr |
| SBI Retirement Benefit Fund - AggressiveArdhendu Bhattacharya | Jun 2021 | +11.47%a year | – | – | ₹3,066 Cr |
| SBI Dynamic Asset Allocation Active FoFArdhendu Bhattacharya | Sep 2025 | −1.42%a year | – | – | ₹2,214 Cr |
| SBI Income Plus Arbitrage Active FOFArdhendu Bhattacharya | Apr 2025 | +5.28%a year | – | – | ₹1,747 Cr |
| SBI Retirement Benefit Fund - Aggressive HybridArdhendu Bhattacharya | Jun 2021 | +11.16%a year | – | – | ₹1,587 Cr |
| SBI Long Term FundArdhendu Bhattacharya | Jul 2025 | +0.50%a year | – | – | ₹1,246 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 | |
|---|---|---|
| ICICI Prudential Arbitrage FundICICI Prudential Mutual Fund | 55.91% | 166 |
| Bandhan Arbitrage FundBandhan Mutual Fund | 54.53% | 150 |
| DSP Arbitrage FundDSP Mutual Fund | 54.27% | 149 |
| Invesco India Arbitrage FundInvesco Mutual Fund | 53.79% | 170 |
| Nippon India Arbitrage FundNippon India Mutual Fund | 53.77% | 151 |
| HDFC Arbitrage FundHDFC Mutual Fund | 52.71% | 149 |
| Axis Arbitrage FundAxis Mutual Fund | 52.31% | 147 |
| Kotak Arbitrage FundKotak Mahindra Mutual Fund | 52.19% | 168 |
| Aditya Birla Sun Life Arbitrage FundAditya Birla Sun Life Mutual Fund | 50.96% | 174 |
| Tata Arbitrage FundTata Mutual Fund | 50.67% | 139 |
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
| SBI Equity Savings FundSBI Mutual Fund | 40.45% |
| SBI Balanced Advantage FundSBI Mutual Fund | 30.01% |
| SBI Aggressive Hybrid FundSBI Mutual Fund | 25.84% |
| SBI Multi Asset Allocation FundSBI Mutual Fund | 14.22% |
| SBI Balanced Hybrid FundSBI Mutual Fund | 8.44% |
| SBI Conservative Hybrid FundSBI Mutual Fund | 5.58% |
As the fund house states it, for Sep 2026.
SBI 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 ₹0.061979 a unit, Mar 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 | ||
|---|---|---|---|---|
| 27 Mar 2020 | ₹0.061979 | 0.43% | ₹14.2992 | ₹14.2690 |
| 28 Feb 2020 | ₹0.061979 | 0.43% | ₹14.3496 | ₹14.3281 |
| 31 Jan 2020 | ₹0.061979 | 0.43% | ₹14.3463 | ₹14.2766 |
| 27 Dec 2019 | ₹0.061979 | 0.43% | ₹14.3233 | ₹14.2539 |
| 29 Nov 2019 | ₹0.061979 | 0.43% | ₹14.3580 | ₹14.2899 |
| 25 Oct 2019 | ₹0.061979 | 0.43% | ₹14.3498 | ₹14.2843 |
| 27 Sep 2019 | ₹0.061979 | 0.43% | ₹14.3423 | ₹14.2804 |
| 30 Aug 2019 | ₹0.061979 | 0.43% | ₹14.3726 | ₹14.3135 |
| 26 Jul 2019 | ₹0.061979 | 0.43% | ₹14.3427 | ₹14.2727 |
| 28 Jun 2019 | ₹0.061979 | 0.43% | ₹14.3176 | ₹14.2575 |
| 31 May 2019 | ₹0.061979 | 0.43% | ₹14.3211 | ₹14.2824 |
| 26 Apr 2019 | ₹0.061979 | 0.43% | ₹14.2668 | ₹14.2016 |
All 65 payouts since 15 Apr 2014.
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 provide capital appreciation and regularincome for unit holders by identifyingprofitable arbitrage opportunities betweenthe spot and derivative market segments asalso through investment of surplus cash indebt and money market instruments.
Asset allocation
- Equities and equity related instruments: 65%-85% (High risk);
- Derivatives including Index Futures, Stock Futures, Index Options and Stock Options: 65%-85% (High risk);
- Debt instruments and Money Market instruments**: 15%-35% (Low to Medium risk);
- Equities and equity related instruments: 0%-65% (High risk);
- Derivatives including Index Futures, Stock Futures, Index Options and Stock Options: 0%-65% (High risk);
- Debt and Money market instruments**: 0%-100% (Low to Medium risk)
- Stated category
- Hybrid
- Benchmark
- NIFTY 50 Arbitrage index
- Risk level at launch
- Low
- New fund offer
- 15 Sep 2006 to 13 Oct 2006
- Units first allotted
- 3 Nov 2006
- Price at the offer
- ₹10 a unit
- Minimum at the offer
- ₹25,000
Plans and codes
| Plan | AMFI code | ISIN | ISIN, reinvestment | MUTF_IN | First NAV |
|---|---|---|---|---|---|
| Direct Growth | 119574 | INF200K01QU0 | SBI_ARBI_DIR_ODXHBC | 14 Jan 2013 | |
| Regular Growth | 104457 | INF200K01156 | SBI_ARBI_REG_25FMC4 | 8 Nov 2006 | |
| Direct IDCW | 119567 | INF200K01QS4 | INF200K01QT2 | SBI_ARBI_DIR_1BUZOG4 | 21 Feb 2013 |
| Regular IDCW | 104458 | INF200K01131 | INF200K01149 | SBI_ARBI_REG_TKF631 | 8 Nov 2006 |
This fund
- Scheme information documentThe fund's objective, terms, costs and risks in full
Factsheet
- All SBIMF Schemes Factsheet September 2026SBI Mutual Fund, Sep 2026
Statement of additional information
- SAI SBI Mutual FundSBI Mutual Fund, Sep 2026
Annual report
- Scheme Annual Report 2025-26 (annual report 2025-26)SBI Mutual Fund, Mar 2026
- SBI GILT FUND (abridged annual report 2025-26)SBI Mutual Fund, Mar 2026
- SBI FIXED MATURITY PLAN (FMP)- SERIES 60 (abridged annual report 2025-26)SBI Mutual Fund, Mar 2026
- SBI LONG TERM ADVANTAGE FUND - SERIES III (abridged annual report 2025-26)SBI Mutual Fund, Mar 2026
Riskometer disclosure
- Disclosure On Changes In Riskometer Levels 2025-26SBI Mutual Fund, Mar 2026
Portfolio overlap disclosure
- Portfolio Overlap Disclosure - September 2026SBI Mutual Fund, Sep 2026