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Nippon India Arbitrage Fund - Growth Plan - Growth Option is a hybrid scheme managed by Nippon India Mutual Fund. Over rolling three-year windows since inception, investors earned a median compounded return of 6.12%, with the bottom and top quartiles at 5.33% and 6.80% respectively. It has ranked in the top half of its category for 7 of the last 12 reported years. Risk-adjusted return (Sharpe ratio) is 0.00. The total expense ratio is 2.81% on assets of ₹16,332Cr. The fund is currently managed by Vikash Agarwal, appointed within the last year.
Lower is better.
This scheme classifies as Large-Value on the 3x3 equity style box, with 69% of its portfolio classified as of 2026-04-30.
| Holding | Sector |
|---|
| Window | Min | P25 | Median |
|---|
Point-in-time CAGRs cherry-pick a single start date. The chart below shows the distribution of every possible rolling start over the fund's history, so you see the range of investor outcomes — not just one date's number.
Backtested SIP outcomes across both rolling-window scenarios and named historical stress events (COVID, Election uncertainty, Russia/Ukraine, etc.), plus per-manager alpha during their tenure on this scheme.
Same fund, monthly SIPs over rolling 1/3/5-year windows.
| Scheme | AMC | AUM | TER | 3Y |
|---|
Mutual fund investments are subject to market risks. Read all scheme-related documents carefully. Past performance is not indicative of future results. MintByte is an AMFI-registered Mutual Fund Distributor (ARN-314872) and APMI member (APRN-01658). MintByte does not issue buy/sell recommendations on specific securities — the site is an educational data and analytics platform. Star ratings on this page reflect a 3-year category-quartile position computed in-house and are educational only.
Mutual fund schemes are subject to market risk. Read all scheme-related documents carefully before investing. Past performance is not indicative of future results. MintByte is an AMFI-registered mutual fund distributor (ARN-314872). MintByte does not issue buy/sell recommendations on specific securities — the site is an educational data and analytics platform. Not investment advice. Methodology · How we earn.
In-house derivations using 3-year daily NAV vs benchmark. See methodology.
| Weight |
|---|
| Nippon India Money Market Fund Dir Pl-Growth-Gr Op | Others | 13.70% |
| Nippon India Ultra Short Duration Fund- Dr Gr Op | Others | 6.06% |
| HDFC Bank Limited | Financial Services | 5.37% |
| Bharti Airtel Limited | Communication Services | 3.03% |
| ICICI Bank Limited | Financial Services | 2.73% |
| Reliance Industries Limited | Energy | 2.55% |
| Axis Bank Limited | Financial Services | 2.15% |
| JSW Steel Limited | Basic Materials | 2.10% |
| Eternal Limited | Consumer Cyclical | 2.09% |
| State Bank of India | Financial Services | 2.02% |
| Kotak Mahindra Bank Limited | Financial Services | 1.85% |
| Maruti Suzuki India Limited | Consumer Cyclical | 1.71% |
| Mahindra & Mahindra Limited | Consumer Cyclical | 1.69% |
| Grasim Industries Limited | Basic Materials | 1.52% |
| Jio Financial Services Limited | Financial Services | 1.49% |
| Steel Authority of India Limited | Basic Materials | 1.38% |
| Adani Enterprises Limited | Energy | 1.29% |
| Bank of Baroda | Financial Services | 1.22% |
| Aavas Financiers Limited | Financial Services | 1.21% |
| Small Industries Dev Bank of India | CRISIL A1+ | 1.16% |
| Vodafone Idea Limited | Communication Services | 1.11% |
| Shriram Finance Limited | Financial Services | 1.09% |
| Bharat Heavy Electricals Limited | Industrials | 1.08% |
| ITC Limited | Consumer Defensive | 0.97% |
| UltraTech Cement Limited | Basic Materials | 0.92% |
| Sector | Holdings | Weight |
|---|---|---|
| Banks | 15 | 16.97% |
| Finance | 15 | 5.45% |
| Automobiles | 6 | 4.67% |
| Telecom - Services | 3 | 4.59% |
| Ferrous Metals | 4 | 4.35% |
| Pharmaceuticals & Biotechnology | 10 | 3.95% |
| Cement & Cement Products | 4 | 3.06% |
| Petroleum Products | 4 | 2.88% |
| Retailing | 6 | 2.31% |
| Consumer Durables | 6 | 1.99% |
| Power | 6 | 1.82% |
| CRISIL A1+ | 2 | 1.74% |
| ICRA A1+ | 2 | 1.51% |
| Electrical Equipment | 7 | 1.50% |
| Realty | 6 | 1.37% |
| Metals & Minerals Trading | 1 | 1.29% |
| Agricultural Food & other Products | 3 | 1.28% |
| FITCH A1+ | 1 | 1.22% |
| Insurance | 5 | 1.18% |
| Diversified FMCG | 2 | 1.17% |
| Transport Infrastructure | 2 | 1.03% |
| CRISIL AA+ | 2 | 0.91% |
| Aerospace & Defense | 2 | 0.88% |
| Auto Components | 7 | 0.82% |
| Transport Services | 3 | 0.81% |
| CRISIL AAA | 2 | 0.72% |
| Minerals & Mining | 1 | 0.68% |
| Construction | 2 | 0.68% |
| Non - Ferrous Metals | 3 | 0.61% |
| ICRA AA+ | 1 | 0.61% |
| ICRA AA | 2 | 0.61% |
| Financial Technology (Fintech) | 2 | 0.60% |
| IT - Software | 6 | 0.57% |
| Healthcare Services | 3 | 0.50% |
| Industrial Products | 4 | 0.36% |
| Food Products | 2 | 0.35% |
| Chemicals & Petrochemicals | 3 | 0.23% |
| Oil | 2 | 0.19% |
| CRISIL AA | 1 | 0.16% |
| Gas | 2 | 0.13% |
| Capital Markets | 1 | 0.11% |
| Industrial Manufacturing | 2 | 0.11% |
| Diversified Metals | 1 | 0.08% |
| Personal Products | 2 | 0.08% |
| Beverages | 2 | 0.07% |
| Leisure Services | 1 | 0.05% |
| Consumable Fuels | 1 | 0.04% |
| Fertilizers & Agrochemicals | 1 | 0.04% |
| Textiles & Apparels | 1 | 0.02% |
Active bets vs the average Hybrid fund. Biggest deviations shown first.
Accent bar = fund's actual sector weight. Vertical black tick = category average for the same sector. Green overlay = overweight, dashed red = underweight. The biggest active bets show first.
How crowded into the same stocks is this fund vs the largest fund in its category?
Category leader = highest-AUM scheme in the same SEBI category. A high overlap-of-weight number means the fund is concentrated into the same names as the leader (crowded); a low one means it's genuinely differentiated.
| P75 |
|---|
| Max |
|---|
| Positive % |
|---|
| 1Y | 3.26% | 3.97% | 6.14% | 7.10% | 7.89% | 100.0% |
| 3Y | 4.21% | 5.33% | 6.12% | 6.80% | 7.01% | 100.0% |
| 5Y | 5.40% | 5.57% | 5.69% | 5.83% | 5.92% | 100.0% |
Each cell is one year. Q1 = top quartile within the AMFI category for that period. Cell label is the last two digits of the year.
Top-10 weight 41.8% means the portfolio is broad — even the top names don't dominate. Effective-N is the inverse Herfindahl index — a measure of "how many positions effectively drive the fund" after weighting. Category: Hybrid.
Compounding maths on a notional ₹10 lakh lumpsum at 12% gross annual return. Green bar is what you'd have without the fee; red overlay is the fee drag. Fee is constant in this scenario — actual outcomes depend on real returns and any future TER changes.
Each row is a back-tested SIP — monthly contribution over the regime's duration, no fees adjustment beyond NAV-baked TER. XIRR is the annualised IRR of those cashflows; Abs return is the absolute cash-on-cash; Max DD is the deepest drawdown experienced mid-investment. Past performance is not indicative of future results.
Alpha is the annualised excess return vs benchmark over the manager's tenure on this scheme. Beat-benchmark = total return beat the index over the same window.
Does the fund get worse as it gets bigger? Each dot is one historical manager-tenure: AUM at tenure-end vs alpha delivered during that tenure.
Correlation is too weak to confirm or rule out capacity-driven alpha decay. Re-evaluate as more manager-tenure data accumulates.
Each dot is one manager-tenure: X = AUM at tenure end, Y = alpha during that tenure. Connecting line in chronological order. Pearson r measures the linear relationship between AUM and alpha across the historical record. n = 3 data points.
| 5Y |
|---|
| Star |
|---|
| Kotak Arbitrage Fund - Direct Plan - Growth | Kotak Mahindra Mutual Fund | ₹69,951 Cr | 2.54% | +7.63% | +6.77% | 2★ |
| Invesco India Arbitrage Fund - Direct Plan - Growth Option | Invesco Mutual Fund | ₹27,321 Cr | 3.30% | +7.62% | +6.86% | 2★ |
| Edelweiss Arbitrage Fund- Direct Plan- Growth Option | Edelweiss Mutual Fund | ₹14,717 Cr | 2.69% | +7.58% | +6.74% | 2★ |
| ITI Arbitrage Fund - Direct Plan - Growth Option | ITI Mutual Fund | ₹88 Cr | 1.15% | +7.54% | +6.02% | 2★ |
| ITI Arbitrage Fund - Direct Plan - IDCW Option | ITI Mutual Fund | ₹88 Cr | 1.15% | +7.54% | +6.02% | 2★ |
| UTI Arbitrage Fund - Direct Plan - Growth Option | UTI Mutual Fund | ₹10,858 Cr | 1.81% | +7.48% | +6.55% | 2★ |
| Axis Arbitrage Fund - Direct Plan - Growth | Axis Mutual Fund | ₹9,725 Cr | 1.82% | +7.47% | +6.65% | 2★ |
| SBI Arbitrage Opportunities Fund - Direct Plan - Gr | SBI Mutual Fund | ₹42,847 Cr | 1.82% | +7.45% | +6.69% | 2★ |
| Union Arbitrage Fund - Direct Plan - IDCW Option | Union Mutual Fund | ₹239 Cr | 0.38% | +7.30% | +6.34% | 2★ |
| Union Arbitrage Fund - Direct Plan - Growth Option | Union Mutual Fund | ₹239 Cr | 0.38% | +7.30% | +6.34% | 2★ |