HSBC Arbitrage Fund - Direct Plan - Growth

NAVs of 8 Nov 2026

HSBC Mutual Fund · Hybrid fund · Direct plan · Growth

ArbitrageDirect · GrowthRisk: Low

NAV · 6 Nov 2026

₹22.1234 ▲ 0.08%

HSBC Mutual Fund

Fund size₹3,170 crJuly - September 2026

1-month range₹21.99 – 22.13

1 year+6.61%rank 18 of 28

Expense ratio1.41%direct plan, a year

5 years–a year

What the fund does

The investment objective of the Scheme is to seek to generate reasonable returns by predominantly investing in arbitrage opportunities in the cash and derivatives segments of the equity markets and by investing balance in debt and money market instruments. There is no assurance that the objective of the Scheme will be realised and the Scheme does not assure or guarantee any returns.

BenchmarkNifty 50 Arbitrage Index

Launched30 Jun 2014

Fund houseHSBC Mutual Fund

Fund managersFM 1 - Praveen AyathanFM 2 - Mahesh ChhabriaFM 3 - Mohd. Asif Rizwi

NAV history

Returns

1 week

+0.21%avg 0.2%

1 month

+0.50%avg 0.5%

3 months

+1.53%avg 1.6%

6 months

+3.21%avg 3.2%

This year

+5.54%avg 5.6%

1 year

+6.61%avg 6.7% · #18/28

3 years (a year)

+7.20%avg 7.2% · #14/21

Bars: this plan; the thin mark is the Arbitrage average (direct plans, growth option). Over a year: yearly averages (CAGR). Past returns do not guarantee future returns. Information only, not investment advice.

Monthly returns (%)

Year	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec
2024												+0.6
2025	+0.7	+0.5	+0.7	+0.7	+0.4	+0.6	+0.5	+0.5	+0.4	+0.6	+0.6	+0.6
2026	+0.6	+0.5	+0.6	+0.4	+0.0	+1.0	+0.7	+0.4	+0.6	+0.5	+0.2

Each month's change in NAV (the current month to the latest NAV).

What if you had invested?

Amount (₹) Started

Worked out from this plan's actual NAVs. SIP: invested on the first NAV of each month. Taxes and exit loads are not included. Past returns do not guarantee future returns. Information only, not investment advice.

Portfolio as on 31 Oct 2026

Stocks held126139 lines in all

Top 10 stocks32.9%of the fund

Equity70.4%stocks and equity derivatives

Debt & cash29.6%everything else

Where the money is

Equity 70.4%Money market 9.9%Cash & others 19.7%

Sectors (stocks held)

Banks

24.8%

Petroleum Products

6.7%

Ferrous Metals

5.4%

Finance

4.5%

Power

4.2%

Pharmaceuticals & Biotechnology

3.6%

IT - Software

2.9%

Consumer Durables

2.2%

Changes since 30 Sept 2026

Share of fund	31 Oct 2026	30 Sept 2026	Change
Stocks held	70.4%	69.0%	+1.35
Money market	9.9%	12.7%	-2.81
Cash & others	19.7%	18.3%	+1.46
Top 10 stocks	32.9%	31.7%	+1.22
Number of stocks	126	144	-18

New stocks 15

KPIT Technologies Limited0.36%
Wipro Limited0.27%
Grasim Industries Limited0.19%
Trent Limited0.07%
BSE Ltd0.07%
Tata Consultancy Services Limited0.06%
Ujjivan Small Finance Bank Limited0.05%
Angel One Limited0.03%
Havells India Limited0.01%
Max Healthcare Institute Limited0.01%
Anand Rathi Wealth Limited0.00%
ABB India Limited0.00%
DLF Limited0.00%
Central Depository Services (India) Ltd.0.00%
NHPC Limited0.00%

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Stocks sold off 33

Bharti Airtel Limitedwas 0.30%
Kotak Mahindra Bank Limitedwas 0.26%
The Indian Hotels Company Limitedwas 0.25%
RBL Bank Limitedwas 0.18%
GE Vernova T&D India Limitedwas 0.16%
Adani Green Energy Limitedwas 0.13%
PB Fintech Limitedwas 0.13%
Apollo Hospitals Enterprise Limitedwas 0.12%
PNB Housing Finance Limitedwas 0.10%
Bajaj Holdings & Investment.Ltdwas 0.08%
Eternal Limitedwas 0.08%
Hindustan Aeronautics Limitedwas 0.06%
Ashok Leyland Limitedwas 0.05%
Coforge Limitedwas 0.04%
SBI Life Insurance Company Limitedwas 0.04%
Lupin Limitedwas 0.03%
Avenue Supermarts Limitedwas 0.03%
Cholamandalam Invest & Finance Co Ltdwas 0.03%
One 97 Communications Limitedwas 0.02%
Supreme Industries Limitedwas 0.01%
Power Grid Corporation of India Limitedwas 0.01%
NTPC Limitedwas 0.01%
UNO Minda Limitedwas 0.01%
Adani Port & Special Economic Zone Ltdwas 0.01%
Bosch Limitedwas 0.01%
National Aluminium Company Limitedwas 0.01%
United Spirits Limitedwas 0.00%
Patanjali Foods Limitedwas 0.00%
Motilal Oswal Financial Services Limitedwas 0.00%
Vishal Mega Mart Limitedwas 0.00%
Hindustan Zinc Limitedwas 0.00%
Info Edge (India) Limitedwas 0.00%
UltraTech Cement Limitedwas 0.00%

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Bought more 11

Reliance Industries Limited+1.73
Infosys Limited+1.16
Divi''s Laboratories Limited+0.55
APL Apollo Tubes Limited+0.55
Aurobindo Pharma Limited+0.51
Adani Enterprises Limited+0.36
The Federal Bank Limited+0.33
IndusInd Bank Limited+0.33
Tata Steel Limited+0.31
Bajaj Finance Limited+0.27
ITC Limited+0.26

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Cut back 9

Yes Bank Ltd-0.55
Glenmark Pharmaceuticals Limited-0.46
KALYAN JEWELLERS INDIA LIMITED-0.45
Bandhan Bank Limited-0.44
Steel Authority of India Limited-0.34
Indus Towers Limited-0.31
MphasiS Limited-0.26
IDFC First Bank Limited-0.25
HDFC Life Insurance Company Limited-0.25

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Change is in percentage points. Bought more and cut back list stocks whose share of the fund moved by at least 0.25 points. A share can also move because the price changed, not only because the fund traded.

Stocks held 126

Holding	Sector / type	% of fund
Reliance Industries Limited INE002A01018	Petroleum Products	6.57%
ICICI Bank Limited INE090A01021	Banks	5.48%
HDFC Bank Limited INE040A01034	Banks	5.01%
Canara Bank INE476A01022	Banks	2.99%
Steel Authority of India Limited INE114A01011	Ferrous Metals	2.90%
Adani Power Limited INE814H01029	Power	2.72%
Infosys Limited INE009A01021	IT - Software	1.96%
Bandhan Bank Limited INE545U01014	Banks	1.92%
Crompton Greaves Consumer Electrical Ltd INE299U01018	Consumer Durables	1.79%
Punjab National Bank INE160A01022	Banks	1.58%
Varun Beverages Limited INE200M01039	Beverages	1.57%
Axis Bank Limited INE238A01034	Banks	1.47%
Divi''s Laboratories Limited INE361B01024	Pharmaceuticals & Biotechnology	1.38%
Adani Energy Solutions Limited INE931S01010	Power	1.36%
Godrej Properties Limited INE484J01027	Realty	1.32%
Yes Bank Ltd INE528G01035	Banks	1.28%
Bajaj Finance Limited INE296A01032	Finance	1.25%
IDFC First Bank Limited INE092T01019	Banks	1.22%
Tata Steel Limited INE081A01020	Ferrous Metals	1.19%
JSW Steel Limited INE019A01038	Ferrous Metals	1.09%
ITC Limited INE154A01025	Diversified FMCG	1.04%
Jio Financial Services Limited INE758E01017	Finance	1.02%
NMDC Limited INE584A01023	Minerals & Mining	1.01%
HDFC Life Insurance Company Limited INE795G01014	Insurance	1.01%
The Federal Bank Limited INE171A01029	Banks	0.99%
Indian Energy Exchange Limited INE022Q01020	Capital Markets	0.96%
State Bank of India INE062A01020	Banks	0.93%
Manappuram Finance Limited INE522D01027	Finance	0.88%
Adani Enterprises Limited INE423A01024	Metals & Minerals Trading	0.85%
AU Small Finance Bank Limited INE949L01017	Banks	0.84%
APL Apollo Tubes Limited INE702C01027	Industrial Products	0.72%
Ambuja Cements Limited INE079A01024	Cement & Cement Products	0.72%
IndusInd Bank Limited INE095A01012	Banks	0.63%
Life Insurance Corporation Of India INE0J1Y01017	Insurance	0.59%
Sun Pharmaceutical Industries Limited INE044A01036	Pharmaceuticals & Biotechnology	0.54%
LIC Housing Finance Limited INE115A01026	Finance	0.54%
Aurobindo Pharma Limited INE406A01037	Pharmaceuticals & Biotechnology	0.53%
Inox Wind Limited INE066P01011	Electrical Equipment	0.52%
Glenmark Pharmaceuticals Limited INE935A01035	Pharmaceuticals & Biotechnology	0.51%
Container Corporation of India Limited INE111A01025	Transport Services	0.49%
Power Finance Corporation Limited INE134E01011	Finance	0.45%
NBCC (India) Limited INE095N01031	Construction	0.45%
Hindustan Unilever Limited INE030A01027	Diversified FMCG	0.43%
Vodafone Idea Limited INE669E01016	Telecom - Services	0.40%
KPIT Technologies Limited INE04I401011	IT - Software	0.36%
Cummins India Limited INE298A01020	Industrial Products	0.34%
Indus Towers Limited INE121J01017	Telecom - Services	0.33%
KALYAN JEWELLERS INDIA LIMITED INE303R01014	Consumer Durables	0.33%
Biocon Limited INE376G01013	Pharmaceuticals & Biotechnology	0.33%
Bharat Heavy Electricals Limited INE257A01026	Electrical Equipment	0.29%
Hindalco Industries Limited INE038A01020	Non - Ferrous Metals	0.28%
Wipro Limited INE075A01022	IT - Software	0.27%
Laurus Labs Limited INE947Q01028	Pharmaceuticals & Biotechnology	0.26%
Tata Motors Passenger Vehicles Limited INE155A01022	Automobiles	0.26%
Tata Consumer Products Limited INE192A01025	Agricultural Food & other Products	0.26%
Jindal Steel Limited INE749A01030	Ferrous Metals	0.24%
Muthoot Finance Limited INE414G01012	Finance	0.23%
Bharat Electronics Limited INE263A01024	Aerospace & Defense	0.23%
Bank of Baroda INE028A01039	Banks	0.22%
Coal India Limited INE522F01014	Consumable Fuels	0.22%
HDFC Asset Management Company Limited INE127D01025	Capital Markets	0.19%
ICICI Lombard General Insurance Company INE765G01017	Insurance	0.19%
Grasim Industries Limited INE047A01021	Cement & Cement Products	0.19%
Hitachi Energy India Limited INE07Y701011	Electrical Equipment	0.16%
Bank of India INE084A01016	Banks	0.16%
MphasiS Limited INE356A01018	IT - Software	0.15%
GAIL (India) Limited INE129A01019	Gas	0.14%
TUBE INVESTMENTS OF INDIA LTD INE974X01010	Auto Components	0.10%
Indian Oil Corporation Limited INE242A01010	Petroleum Products	0.10%
CG Power And Industrial Solutions Ltd INE067A01029	Electrical Equipment	0.08%
Tech Mahindra Limited INE669C01036	IT - Software	0.08%
Trent Limited INE849A01020	Retailing	0.07%
BSE Ltd INE118H01025	Capital Markets	0.07%
SWIGGY LIMITED INE00H001014	Retailing	0.07%
Bajaj Auto Limited INE917I01010	Automobiles	0.07%
Union Bank of India INE692A01016	Banks	0.06%
Aditya Birla Capital Limited INE674K01013	Finance	0.06%
Tata Consultancy Services Limited INE467B01029	IT - Software	0.06%
The Tata Power Company Limited INE245A01021	Power	0.06%
InterGlobe Aviation Limited INE646L01027	Transport Services	0.05%
Ujjivan Small Finance Bank Limited INE551W01018	Banks	0.05%
Delhivery Limited INE148O01028	Transport Services	0.05%
Torrent Pharmaceuticals Limited INE685A01028	Pharmaceuticals & Biotechnology	0.05%
Sagility Limited INE0W2G01015	IT - Services	0.04%
Vedanta Limited INE205A01025	Diversified Metals	0.04%
Marico Limited INE196A01026	Agricultural Food & other Products	0.04%
Fortis Healthcare Limited INE061F01013	Healthcare Services	0.04%
Angel One Limited INE732I01021	Capital Markets	0.03%
Oil & Natural Gas Corporation Limited INE213A01029	Oil	0.03%
Computer Age Management Services Limited INE596I01020	Capital Markets	0.03%
Samvardhana Motherson International Ltd INE775A01035	Auto Components	0.03%
Larsen & Toubro Limited INE018A01030	Construction	0.02%
Amber Enterprises India Limited INE371P01015	Consumer Durables	0.02%
Bharat Forge Limited INE465A01025	Auto Components	0.02%
SRF Limited INE647A01010	Chemicals & Petrochemicals	0.02%
JSW Energy Limited INE121E01018	Power	0.02%
Hindustan Petroleum Corporation Limited INE094A01015	Petroleum Products	0.02%
Colgate Palmolive (India) Limited INE259A01022	Personal Products	0.02%
Maruti Suzuki India Limited INE585B01010	Automobiles	0.02%
Max Financial Services Limited INE180A01020	Insurance	0.02%
Bajaj Finserv Limited INE918I01026	Finance	0.02%
Pidilite Industries Limited INE318A01026	Chemicals & Petrochemicals	0.01%
Alkem Laboratories Limited INE540L01014	Pharmaceuticals & Biotechnology	0.01%
Havells India Limited INE176B01034	Consumer Durables	0.01%
Max Healthcare Institute Limited INE027H01010	Healthcare Services	0.01%
SBI Cards and Payment Services Limited INE018E01016	Finance	0.01%
PG Electroplast Limited INE457L01029	Consumer Durables	0.01%
Voltas Limited INE226A01021	Consumer Durables	0.01%
Shriram Finance Limited INE721A01047	Finance	0.01%
Suzlon Energy Limited INE040H01021	Electrical Equipment	0.00%
HCL Technologies Limited INE860A01027	IT - Software	0.00%
UPL Limited INE628A01036	Fertilizers & Agrochemicals	0.00%
Astral Limited INE006I01046	Industrial Products	0.00%
Mahindra & Mahindra Limited INE101A01026	Automobiles	0.00%
Anand Rathi Wealth Limited INE463V01026	Capital Markets	0.00%
Bharat Petroleum Corporation Limited INE029A01011	Petroleum Products	0.00%
Zydus Lifesciences Limited INE010B01027	Pharmaceuticals & Biotechnology	0.00%
ABB India Limited INE117A01022	Electrical Equipment	0.00%
TVS Motor Company Limited INE494B01023	Automobiles	0.00%
DLF Limited INE271C01023	Realty	0.00%
Central Depository Services (India) Ltd. INE736A01011	Capital Markets	0.00%
Cipla Limited INE059A01026	Pharmaceuticals & Biotechnology	0.00%
Nestle India Limited INE239A01024	Food Products	0.00%
NHPC Limited INE848E01016	Power	0.00%
Bank of Maharashtra INE457A01014	Banks	0.00%
Dabur India Limited INE016A01026	Personal Products	0.00%

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Debt, money market and cash 13

Holding	Sector / type	% of fund
HSBC Money Market Fund - Direct Growth INF917K01FE6	Internal - Mutual Fund Units	15.62%
NABARD** INE261F16AQ3	CRISIL A1+	1.99%
HSBC Ultra Short Term Fund - Direct Growth INF336L01OR1	Internal - Mutual Fund Units	1.75%
Bank of Baroda** INE028A16LH3	IND A1+	1.34%
Union Bank of India** INE692A16LM6	ICRA A1+	1.33%
Bank of Baroda** INE028A16LW2	IND A1+	1.33%
SIDBI^ INE556F16CI9	CRISIL A1+	1.27%
Net Current Assets (including cash & bank balances)	–	1.27%
Treps	–	1.09%
SIDBI** INE556F16BZ5	CRISIL A1+	0.67%
Punjab National Bank** INE160A16UH5	CRISIL A1+	0.67%
Indian Bank** INE562A16RL0	CRISIL A1+	0.65%
SIDBI** INE556F16CE8	CARE A1+	0.65%

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From the fund house's monthly portfolio (assetmanagement.hsbc.co.in), as on 31 Oct 2026. Percentages are of the fund's net assets. Published about ten days after each month ends.

Risk

Volatility1.4%yearly, from daily NAVs

Worst fall-0.32%24 Aug 2026 → 26 Aug 2026

RiskometerLowLow

Volatility: how much the NAV moves, as a yearly figure (higher = bumpier). Worst fall: the biggest drop from a high, in the NAV history we hold (from 30 Nov 2022).

Where it can invest (limits from the scheme document)

Equity and equity related securities and equity derivatives

65–90%

mutual fund units of liquid, money market or schemes having Macaulay duration less than 1 year for meeting liquidity and margin requirements

10–35%

The ranges the fund is allowed to hold, not what it holds today.

Fund details

Fund size (average AUM, July - September 2026)	₹3,170 cr across all plans · this plan ₹1,395 cr
Fund house	HSBC Mutual Fund
Category	Hybrid · Arbitrage
Plan	Direct
Option	Growth
Expense ratio (TER)	Direct 1.41% · Regular 2.03% (6 Nov 2026)
Exit load	Any redemption / switch-out of units on or before 1 month from the date of allotment: 0.25%. If units are redeemed or switched out after 1 Month from the date of allotment: NIL
Minimum investment	₹5,000 · additional ₹1,000
Scheme code (AMFI)	151138
ISIN	INF917K01QR5
NAV date	6 Nov 2026

Scheme details from the fund's scheme summary document filed with AMFI; expense ratios from AMFI's daily filings.

Other plans of this fund

Plan	NAV	1 year
Direct · IDCW	₹10.2347	-1.73%
Direct · IDCW	₹10.7437	-2.73%
Regular · Growth	₹20.5069	+6.04%
Regular · IDCW	₹10.6220	-2.27%
Regular · IDCW	₹10.2214	-2.24%

Top Arbitrage funds (direct plans)

Fund	1 year	3 years (a year)
Invesco India Arbitrage Fund	+6.91%	+7.48%
Kotak Arbitrage Fund	+6.80%	+7.46%
ADITYA BIRLA SUN LIFE ARBITRAGE FUND	+6.78%	+7.43%
Edelweiss Arbitrage Fund	+6.70%	+7.40%
UTI - Arbitrage Fund	+6.63%	+7.32%
Nippon India Arbitrage Fund	+6.76%	+7.31%
ICICI Prudential Arbitrage Fund	+6.68%	+7.31%
BANDHAN Arbitrage Fund	+6.52%	+7.30%
HSBC Arbitrage Fund	+6.61%	+7.20%

All Arbitrage funds ranked › · Compare with others ›

← All mutual funds

Information only, not investment advice.

What is the NAV of HSBC Arbitrage Fund - Direct Plan - Growth today?

₹22.1234 as of 6 Nov 2026, from AMFI's official NAV data.

What are the returns of HSBC Arbitrage Fund - Direct Plan - Growth?

1 year: 6.61%, 3 years: 7.20% a year

How does HSBC Arbitrage Fund rank in its category?

18 of 28 Arbitrage funds (direct plans, growth option) by 1-year return.

What is the difference between direct and regular plans?

Both invest in the same portfolio. Direct plans are bought straight from the fund house and pay no distributor commission, so their expenses are lower and their NAV grows slightly faster.