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Previously called: Reliance Arbitrage Advantage Direct-G

NAV as of ( Sep 09, 2022 )

23.25 0.0 % 1-D Change

6.92% p.a.

You get upto 0.72% extra returns

ET Money's Fund Report Card - Nippon India Arbitrage Fund

ET Money Rank


Out of 17

Performance Quality info

Very Good drop-arrow

Generated returns consistently


Increased returns for each unit of additional risk info


Downside Protection info

Very Good drop-arrow

Controlled losses during market corrections


Delivered returns without frequent ups and downs


Minimum SIP amount is ₹
Minimum Lumpsum amount is ₹

By continuing, I agree to the Declaration and T&Cs.

none buyable frame

Fresh Investments closed in this fund!

This fund is no longer available to invest

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Scheme Details

ET Money Rank 1 Out of 17
VRO Rating 4
Expense ratio 0.34%  As on Jul 31, 2022
Exit Load 0.25% info
AUM (Fund Size) 9,331 Crs
Lock-in No Lockin
Age 9 yrs 8 m Since Jan 01, 2013
Benchmark Nifty 50 Arbitrage
Min. Investment

SIP 500  &

Lumpsum 5000

About Nippon India Arbitrage Fund

Nippon India Arbitrage Fund Direct-Growth is a Arbitrage mutual fund scheme from Nippon India Mutual Fund . This fund has been in existence for 9 yrs 8 m, having been launched on 01/01/2013. Nippon India Arbitrage Fund Direct-Growth has ₹9,331 Crores worth of assets under management (AUM) as on 30/06/2022 and is medium-sized fund of its category. The fund has an expense ratio of 0.34%, which is close to what most other Arbitrage funds charge. Currently, the fund has a -0.29% allocation to equity and 24.55% to Debt.
  • Nippon India Arbitrage Fund Direct-Growth returns of last 1-year are 4.20%. Since launch, it has delivered 6.93% average annual returns.
  • Nippon India Arbitrage Fund Direct-Growth scheme's ability to deliver returns consistently is in-line with most funds of its category. Its ability to control losses in a falling market is above average.
  • The fund's equity portion is primarily invested in Financial, Services, Energy, Technology, Materials sectors. It has taken less exposure in Financial, Services sectors compared to other funds in the category.
  • The debt portion of the fund has low credit quality indicating the quality of borrowers it has lent it to is not too great.
  • The fund's top 5 holdings are in Reliance Liquidity Fund - Direct Plan, Reserve Bank of India, Reliance Liquid Fund - Treasury Plan - Direct Plan, Adani Enterprises Ltd., Nippon India Low Duration Fund Direct-Growth.
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Total value Profit
This fund
Category Average
Bank FD

Disclaimer: Products compared like fixed deposits may provide fixed guaranteed returns. Mutual Funds investments are subject to market risk, read all scheme related documents carefully. Past performance is not an indicator of future returns.

Latest Asset & Portfolio Allocation

as on Aug 31, 2022
Allocation by Market Cap

Large Cap -0.21%

Mid Cap -0.06%

Small Cap -0.01%

Other Cap 0%

Allocation by Sector

Financial 20.95%

Services 12.27%

Energy 6.54%

Technology 6.04%

Top Debt Holdings

Reserve Bank of India 6.4%

GOI 0.84%

Allocation by Credit Quality

Cash 71.31%

SOV 12.2%

A1+ 10.49%

Cash & Call Money 4.42%

Allocation by Instruments

Cash Margin 71.31%

Mutual Fund 16.39%

Repo 7.95%

Treasury Bills 6.4%

Other Holdings

Others 71.31%

Reliance Liquidity Fund - Direct Plan 7.63%

Reliance Liquid Fund - Treasury Plan - Direct Plan 4.86%

Nippon India Low Duration Fund Direct-Growth 3.9%

Comparison with arbitrage Funds

as on Sep 12, 2022
0.37 % p.a
This fund


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Trailing Returns and Ranks

as on Sep 12, 2022
Period Trailing returns Category average Rank within category
1 month 0.37% 0.37% 11 / 17
3 months 0.94% 0.93% 9 / 17
6 months 2.05% 2.02% 6 / 17
1 year 4.18% 4% 6 / 17
3 years 4.72% 4.52% 6 / 16
5 years 5.73% 5.32% 2 / 14


Level of Risk in the Scheme


Investors understand that their principal will be at Low risk

Nippon India Arbitrage Fund


The scheme seeks to generate income by taking advantage of the arbitrage opportunities that potentially exists between cash and derivative market and within the derivative segment along with investments in debt securities & money market instruments.

  • Std. Dev : 0.73
  • Alpha : 1.62
  • Beta : 0.49
  • Sharpe : 1.58
  • Sortino : 2.35
  • Profile

    Anand Devendra Gupta

    Mr. Gupta is B.Com and PGDBA

    Prior to joining Nippon India Mutual Fund he has worked with ICICI Prudential AMC and Refco - Sify Securities Pvt. Ltd.

  • Profile

    Anju Chhajer

    Ms. Chhajer is a B.Com (H) and a Chartered Accountant.

    Prior to joining Nippon India Mutual Fund Ltd. as a fund manager, she has worked with National Insurance Company as a Money Maker Instruments and D.C Dharewa & Co.

Nippon India Mutual Fund

Nippon India Mutual Fund



See all schemes


₹2,81,440 Crs

As on Jun 30, 2022

  • Phone: 1800-300-11111
  • Address: NG-1 & 1A, North Block
    Manipal Centre,Dickenson Road,

    Bangalore, 560042

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Frequently asked questions

How are the returns of Nippon India Arbitrage Fund ?

The Nippon India Arbitrage Fund is a 9 yrs 8 m old fund and has delivered average annual returns of 6.92% since inception.

Nippon India Arbitrage Fund Returns

1-Year 3-Year 5-Year Since Inception
4.18% 4.72% 5.73% 6.92%

NAV or Net Asset Value is the per-unit price of the Mutual Fund. The NAV of a Mutual Fund changes every day. It is calculated by taking the current value of the holdings of the fund at end of the day, subtracting the expenses, and dividing the value by the number of units issued to date.

The NAV of Nippon India Arbitrage Fund for Sep 09, 2022 is 23.25 .

Nippon India Arbitrage Fund has an ET Money Rank of # 1 of 17 and a consistency rating of 4 .

This indicates the fund has not only delivered solid returns in the past but has done so with exceptional consistency. All this means Nippon India Arbitrage Fund can be a good addition to your portfolio.

On ET Money, Investing in Nippon India Arbitrage Fund is fast, easy, and 100% paperless. And it takes only minutes. Here is what you need to do -

  1. Click on the Invest Now Button present on the top right-hand side.
  2. Enter your email id, select whether you want to do a one-time investment or start a SIP and add the amount
  3. Provide few more details needed including the bank account from which you will be making the payment and confirm.
  4. That's it. Your SIP or one-time investment in Nippon India Arbitrage Fund is done.

The Expense Ratio of a Mutual Fund is the annual charges you pay to the Mutual Fund company for managing your investments in that fund. The Expense Ratio is a percentage of Assets Under Management (AUM) and is taken from the returns generated by the fund. For this reason, a fund with a lower expense ratio is always better because a smaller part of the returns will be taken and that means more returns for you.

The Expense Ratio of the direct plan of Nippon India Arbitrage Fund is 0.34%.  .

Redeeming your investments in Nippon India Arbitrage Fund is super easy. If you have invested in this fund via ET Money, just login into the app, go to the investment section and put the redemption request.

If you have invested in Nippon India Arbitrage Fund from anywhere else, you can go to the fund house website and put a request through it.

AUM or Asset Under Management is the total value of the assets held by a Mutual Fund scheme. For instance, for an equity Mutual Fund, the AUM will be the total value of its portfolio's equity shares (plus any other asset it might have invested in). The AUM of the fund changes every day because the price of the underlying asset fluctuates daily. However, the Mutual Fund company doesn't update it every day. It is updated only at the end of the month and released within few days of the next month.

The AUM of the fund is a good indicator of its popularity. A fund with a high AUM means a lot of money has been invested in it, and investors like it. However, the AUM should never be the primary criteria while selecting a fund. There are funds with huge AUMs that continue to perform well despite their size.

The AUM of Nippon India Arbitrage Fund is ₹9,331 Crs.

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