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HSBC Arbitrage Fund - Regular Growth is a hybrid scheme managed by HSBC Mutual Fund. Over rolling three-year windows since inception, investors earned a median compounded return of 6.84%, with the bottom and top quartiles at 6.79% and 6.87% respectively. It has ranked in the top half of its category for 6 of the last 11 reported years. Risk-adjusted return (Sharpe ratio) is 0.00. The total expense ratio is 2.32% on assets of ₹2,532Cr. The fund is currently managed by Praveen Ayathan, appointed within the last year.
Lower is better.
This scheme classifies as Large-Value on the 3x3 equity style box, with 72% 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 |
|---|
| HSBC Money Market Fund - Direct Growth | Others | 16.05% |
| ICICI BANK LIMITED EQ NEW FV RS. 2/- | Financial Services | 6.03% |
| HDFC BANK LIMITED EQ NEW FV RE. 1/- | Financial Services | 5.99% |
| STEEL AUTHORITY OF INDIA LIMITED EQ | Basic Materials | 3.81% |
| Indian Bank | Financial Services | 3.76% |
| HSBC Ultra Short Duration Fund - Direct Growth | Others | 3.47% |
| RBL BANK LIMITED EQ | Financial Services | 3.03% |
| GODREJ PROPERTIES LIMITED EQ NEW FV RS. 5/- | Real Estate | 2.58% |
| BANDHAN BANK LIMITED EQ | Financial Services | 2.53% |
| NMDC LIMITED EQ NEW RS.1/- | Basic Materials | 2.52% |
| RELIANCE STRATEGIC INVESTMENTS LIMITED EQ | Financial Services | 1.88% |
| AXIS BANK LIMITED EQ NE FV RS. 2/- | Financial Services | 1.85% |
| ITC LIMITED EQ NEW FV RE.1/- | Consumer Defensive | 1.81% |
| JSW STEEL LIMITED EQ NEW FV RE. 1/- | Basic Materials | 1.76% |
| ZOMATO LIMITED EQ | Consumer Cyclical | 1.54% |
| ADANI TRANSMISSION LIMITED EQ | Utilities | 1.43% |
| RELIANCE INDUSTRIES LIMITED EQ | Energy | 1.40% |
| YES BANK LIMITED EQ NEW FV RS. 2/- | Financial Services | 1.36% |
| GLENMARK PHARMACEUTICALS LIMITED EQ NEW FV RE.1/- | Healthcare | 1.26% |
| HDFC ASSET MANAGEMENT COMPANY LTD EQ NEW FV RS. 5/- | Financial Services | 1.26% |
| Kotak Mahindra Bank Limited | Financial Services | 1.21% |
| PUNJAB NATIONAL BANK EQ NEW FV RS. 2/- | Financial Services | 1.20% |
| INDIABULLS HOUSING FINANCE LIMITED EQ NEW FV RS.2/- | Financial Services | 1.20% |
| STATE BANK OF INDIA EQ NEW RE. 1/- | Financial Services | 1.16% |
| ADANI PORTS AND SPECIAL ECONOMIC ZONE LIMITED EQ NEW RS. 2/- | Industrials | 1.15% |
| Sector | Holdings | Weight |
|---|---|---|
| Banks | 16 | 27.06% |
| Finance | 13 | 5.83% |
| Ferrous Metals | 3 | 5.68% |
| Realty | 4 | 4.31% |
| Power | 5 | 2.78% |
| Pharmaceuticals & Biotechnology | 5 | 2.72% |
| Minerals & Mining | 1 | 2.52% |
| Automobiles | 4 | 1.93% |
| Diversified FMCG | 2 | 1.87% |
| Retailing | 3 | 1.76% |
| Capital Markets | 3 | 1.57% |
| Electrical Equipment | 6 | 1.54% |
| Insurance | 5 | 1.54% |
| Petroleum Products | 4 | 1.48% |
| Consumer Durables | 4 | 1.33% |
| Transport Services | 2 | 1.18% |
| Transport Infrastructure | 1 | 1.15% |
| Telecom - Services | 3 | 0.95% |
| Non - Ferrous Metals | 2 | 0.71% |
| Personal Products | 2 | 0.66% |
| Cement & Cement Products | 3 | 0.63% |
| Construction | 1 | 0.47% |
| Metals & Minerals Trading | 1 | 0.36% |
| Agricultural Food & other Products | 2 | 0.33% |
| Financial Technology (Fintech) | 1 | 0.32% |
| Healthcare Services | 1 | 0.27% |
| Beverages | 2 | 0.24% |
| Industrial Products | 3 | 0.23% |
| Auto Components | 4 | 0.19% |
| Aerospace & Defense | 2 | 0.16% |
| Chemicals & Petrochemicals | 1 | 0.05% |
| It - Software | 2 | 0.04% |
| Industrial Manufacturing | 1 | 0.01% |
| Fertilizers & Agrochemicals | 1 | 0.01% |
| Food Products | 1 | 0.01% |
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 | 5.04% | 6.28% | 7.02% | 7.37% | 7.86% | 100.0% |
| 3Y | 6.50% | 6.79% | 6.84% | 6.87% | 6.98% | 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 49.8% means concentration is in line with most actively-managed Indian equity funds. 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 - Regular Plan - Growth | Kotak Mahindra Mutual Fund | ₹69,951 Cr | 3.14% | +6.99% | +6.14% | 2★ |
| UTI Arbitrage Fund - Regular Plan - Growth Option | UTI Mutual Fund | ₹10,858 Cr | 2.38% | +6.93% | +5.97% | 2★ |
| Invesco India Arbitrage Fund - Regular Plan - Growth Option | Invesco Mutual Fund | ₹27,321 Cr | 3.97% | +6.90% | +6.16% | 2★ |
| SBI Arbitrage Opportunities Fund - Regular Plan - Gr | SBI Mutual Fund | ₹42,847 Cr | 2.32% | +6.89% | +6.16% | 2★ |
| HDFC ARBITRAGE FUND - Regular Plan -Growth Option | HDFC Mutual Fund | ₹24,439 Cr | 2.84% | +6.87% | +5.93% | 2★ |
| Edelweiss Arbitrage Fund- Regular Plan- Growth Option | Edelweiss Mutual Fund | ₹14,717 Cr | 3.33% | +6.84% | +6.00% | 2★ |
| Aditya BIRLA SUN LIFE ARBITRAGE FUND - REGULAR PLAN - GROWTH | Aditya Birla Sun Life Mutual Fund | ₹25,679 Cr | 1.81% | +6.79% | +5.89% | 2★ |
| Tata Arbitrage Fund-Regular Plan-Growth | Tata Mutual Fund | ₹21,824 Cr | 1.43% | +6.79% | +5.86% | 2★ |
| ITI Arbitrage Fund - Regular Plan - Growth Option | ITI Mutual Fund | ₹88 Cr | 1.84% | +6.76% | +5.24% | 2★ |
| Axis Arbitrage Fund - Regular Plan - Growth | Axis Mutual Fund | ₹9,725 Cr | 2.51% | +6.75% | +5.91% | 2★ |