Nippon India Arbitrage Fund - Direct Plan - IDCW

NAVs of 6 Nov 2026

Nippon India Mutual Fund · Hybrid fund · Direct plan · IDCW

ArbitrageDirect · IDCWRisk: Low

NAV · 5 Nov 2026

₹16.3501 ▼ 0.03%

Nippon India Mutual Fund

Fund size₹17,157 crJuly - September 2026

1-month range₹16.27 – 16.37

1 year+6.64%

3 years+7.27%a year

5 years+6.85%a year

What the fund does

The investment objective of the scheme is 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. There is no assurance that the investment objective of the Scheme will be achieved

BenchmarkNIFTY 50 Arbitrage Index

Launched14 Oct 2010

Fund houseNippon India Mutual Fund

Fund managersFM 1 Vikash AgarwalFM 2 Rohit Hashmukh ShahFM3 Nemish Sheth

NAV history

Returns

1 week

+0.23%avg 0.2%

1 month

+0.42%avg 0.4%

3 months

+1.58%avg 1.6%

6 months

+3.27%avg 3.2%

This year

+5.57%avg 5.5%

1 year

+6.64%avg 6.5%

3 years (a year)

+7.27%avg 7.2%

5 years (a year)

+6.85%avg 6.7%

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	+0.8	+0.5	+0.7	+0.7	+0.4	+0.6	+0.5	+0.5	+0.4	+0.5	+0.6	+0.6
2026	+0.6	+0.5	+0.6	+0.4	+0.1	+1.0	+0.6	+0.4	+0.5	+0.5	+0.1

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 30 Sept 2026

Stocks held155172 lines in all

Top 10 stocks25.8%of the fund

Short positions-0.1%sold through derivatives

Net equity67.9%long stocks and derivatives minus shorts

Where the money is

Equity 68.0%Money market 4.4%Cash & others 27.6%Short -0.1%

Sectors (stocks held)

Banks

20.1%

Petroleum Products

5.3%

Finance

5.2%

Ferrous Metals

4.3%

Automobiles

3.7%

Pharmaceuticals & Biotechnology

3.0%

Telecom - Services

2.9%

Power

2.4%

Changes since 31 Aug 2026

Share of fund	30 Sept 2026	31 Aug 2026	Change
Stocks held	68.0%	69.1%	-1.04
Short positions	-0.1%	-0.7%	+0.63
Money market	4.4%	5.5%	-1.15
Cash & others	27.6%	25.4%	+2.19
Top 10 stocks	25.8%	23.1%	+2.63
Number of stocks	155	165	-10

New stocks 5

Titan Company Limited0.13%
Swiggy Limited0.08%
Avenue Supermarts Limited0.03%
Lodha Developers Limited0.02%
UPL Limited0.01%

Stocks sold off 15

Power Grid Corporation of India Limitedwas 0.21%
Max Financial Services Limitedwas 0.20%
Godrej Consumer Products Limitedwas 0.15%
Cochin Shipyard Limitedwas 0.07%
DLF Limitedwas 0.07%
Motilal Oswal Financial Services Limitedwas 0.06%
360 One WAM Limitedwas 0.04%
Max Healthcare Institute Limitedwas 0.04%
Kaynes Technology India Limitedwas 0.04%
Zydus Lifesciences Limitedwas 0.03%
Hyundai Motor India Ltdwas 0.02%
Persistent Systems Limitedwas 0.02%
Mazagon Dock Shipbuilders Limitedwas 0.02%
Rail Vikas Nigam Limitedwas 0.01%
Vishal Mega Mart Limitedwas 0.01%

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Bought more 6

ICICI Bank Limited+2.71
Reliance Industries Limited+0.62
IndusInd Bank Limited+0.59
Bajaj Finance Limited+0.53
Cummins India Limited+0.38
Infosys Limited+0.25

Cut back 10

Kotak Mahindra Bank Limited-0.63
Axis Bank Limited-0.58
Shriram Finance Limited-0.49
One 97 Communications Limited-0.46
NTPC Limited-0.46
Ashok Leyland Limited-0.34
Tata Consultancy Services Limited-0.30
Vedanta Limited-0.29
Info Edge (India) Limited-0.28
Bharat Electronics 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 155

Holding	Sector / type	% of fund
Reliance Industries Limited INE002A01018	Petroleum Products	4.83%
HDFC Bank Limited INE040A01034	Banks	4.62%
ICICI Bank Limited INE090A01021	Banks	4.21%
Axis Bank Limited INE238A01034	Banks	2.45%
State Bank of India INE062A01020	Banks	2.02%
JSW Steel Limited INE019A01038	Ferrous Metals	1.81%
Bajaj Finance Limited INE296A01032	Finance	1.71%
Maruti Suzuki India Limited INE585B01010	Automobiles	1.42%
Tata Steel Limited INE081A01020	Ferrous Metals	1.35%
Vodafone Idea Limited INE669E01016	Telecom - Services	1.34%
Adani Enterprises Limited INE423A01024	Metals & Minerals Trading	1.32%
Larsen & Toubro Limited INE018A01030	Construction	1.31%
Canara Bank INE476A01022	Banks	1.17%
Steel Authority of India Limited INE114A01011	Ferrous Metals	1.11%
Kotak Mahindra Bank Limited INE237A01036	Banks	1.09%
Adani Energy Solutions Limited INE931S01010	Power	1.04%
Jio Financial Services Limited INE758E01017	Finance	1.03%
AU Small Finance Bank Limited INE949L01017	Banks	0.96%
Glenmark Pharmaceuticals Limited INE935A01035	Pharmaceuticals & Biotechnology	0.95%
Coal India Limited INE522F01014	Consumable Fuels	0.92%
Bharti Airtel Limited INE397D01024	Telecom - Services	0.91%
Manappuram Finance Limited INE522D01027	Finance	0.86%
Ambuja Cements Limited INE079A01024	Cement & Cement Products	0.77%
Cummins India Limited INE298A01020	Industrial Products	0.76%
Hindalco Industries Limited INE038A01020	Non - Ferrous Metals	0.76%
TVS Motor Company Limited INE494B01023	Automobiles	0.72%
Infosys Limited INE009A01021	IT - Software	0.68%
IndusInd Bank Limited INE095A01012	Banks	0.60%
Indus Towers Limited INE121J01017	Telecom - Services	0.60%
APL Apollo Tubes Limited INE702C01027	Industrial Products	0.56%
Info Edge (India) Limited INE663F01032	Retailing	0.56%
NMDC Limited INE584A01023	Minerals & Mining	0.52%
Mahindra & Mahindra Limited INE101A01026	Automobiles	0.51%
Yes Bank Limited INE528G01035	Banks	0.50%
One 97 Communications Limited INE982J01020	Financial Technology (Fintech)	0.49%
Eicher Motors Limited INE066A01021	Automobiles	0.48%
Punjab National Bank INE160A01022	Banks	0.47%
Life Insurance Corporation Of India INE0J1Y01017	Insurance	0.47%
ITC Limited INE154A01025	Diversified FMCG	0.46%
Hindustan Zinc Limited INE267A01025	Non - Ferrous Metals	0.46%
Adani Green Energy Limited INE364U01010	Power	0.46%
Marico Limited INE196A01026	Agricultural Food & other Products	0.45%
Bank of Baroda INE028A01039	Banks	0.45%
UltraTech Cement Limited INE481G01011	Cement & Cement Products	0.45%
The Federal Bank Limited INE171A01029	Banks	0.44%
Bharat Heavy Electricals Limited INE257A01026	Electrical Equipment	0.44%
IDFC First Bank Limited INE092T01019	Banks	0.41%
Sun Pharmaceutical Industries Limited INE044A01036	Pharmaceuticals & Biotechnology	0.41%
Patanjali Foods Limited INE619A01035	Agricultural Food & other Products	0.38%
The Indian Hotels Company Limited INE053A01029	Leisure Services	0.38%
Godrej Properties Limited INE484J01027	Realty	0.38%
Muthoot Finance Limited INE414G01012	Finance	0.37%
Hindustan Unilever Limited INE030A01027	Diversified FMCG	0.36%
Coforge Limited INE591G01025	IT - Software	0.36%
Varun Beverages Limited INE200M01039	Beverages	0.33%
Crompton Greaves Consumer Electricals Limited INE299U01018	Consumer Durables	0.33%
Asian Paints Limited INE021A01026	Consumer Durables	0.33%
Biocon Limited INE376G01013	Pharmaceuticals & Biotechnology	0.33%
Tata Consumer Products Limited INE192A01025	Agricultural Food & other Products	0.32%
GE Vernova T&D India Limited INE200A01026	Electrical Equipment	0.32%
Indian Oil Corporation Limited INE242A01010	Petroleum Products	0.32%
Divi's Laboratories Limited INE361B01024	Pharmaceuticals & Biotechnology	0.32%
Bandhan Bank Limited INE545U01014	Banks	0.31%
Grasim Industries Limited INE047A01021	Cement & Cement Products	0.31%
Power Finance Corporation Limited INE134E01011	Finance	0.30%
Supreme Industries Limited INE195A01028	Industrial Products	0.30%
Cipla Limited INE059A01026	Pharmaceuticals & Biotechnology	0.29%
Adani Power Limited INE814H01029	Power	0.29%
SBI Life Insurance Company Limited INE123W01016	Insurance	0.27%
Container Corporation of India Limited INE111A01025	Transport Services	0.27%
Kalyan Jewellers India Limited INE303R01014	Consumer Durables	0.26%
Fortis Healthcare Limited INE061F01013	Healthcare Services	0.26%
HDFC Life Insurance Company Limited INE795G01014	Insurance	0.26%
HDFC Asset Management Company Limited INE127D01025	Capital Markets	0.24%
Bosch Limited INE323A01026	Auto Components	0.23%
Alkem Laboratories Limited INE540L01014	Pharmaceuticals & Biotechnology	0.23%
NTPC Limited INE733E01010	Power	0.22%
Tata Power Company Limited INE245A01021	Power	0.22%
Tata Motors Passenger Vehicles Limited INE155A01022	Automobiles	0.20%
Hero MotoCorp Limited INE158A01026	Automobiles	0.20%
Solar Industries India Limited INE343H01029	Chemicals & Petrochemicals	0.19%
LIC Housing Finance Limited INE115A01026	Finance	0.19%
Ashok Leyland Limited INE208A01029	Agricultural, Commercial & Construction Vehicles	0.18%
Cholamandalam Investment and Finance Company Ltd INE121A01024	Finance	0.18%
HCL Technologies Limited INE860A01027	IT - Software	0.17%
Laurus Labs Limited INE947Q01028	Pharmaceuticals & Biotechnology	0.16%
Hitachi Energy India Limited INE07Y701011	Electrical Equipment	0.15%
ICICI Prudential Life Insurance Company Limited INE726G01019	Insurance	0.15%
Eternal Limited INE758T01015	Retailing	0.15%
RBL Bank Limited INE976G01028	Banks	0.14%
Voltas Limited INE226A01021	Consumer Durables	0.14%
PNB Housing Finance Limited INE572E01012	Finance	0.14%
Apollo Hospitals Enterprise Limited INE437A01024	Healthcare Services	0.14%
Torrent Pharmaceuticals Limited INE685A01028	Pharmaceuticals & Biotechnology	0.14%
Delhivery Limited INE148O01028	Transport Services	0.14%
Bank of India INE084A01016	Banks	0.13%
Titan Company Limited INE280A01028	Consumer Durables	0.13%
Bharat Petroleum Corporation Limited INE029A01011	Petroleum Products	0.13%
Aurobindo Pharma Limited INE406A01037	Pharmaceuticals & Biotechnology	0.13%
Hindustan Aeronautics Limited INE066F01020	Aerospace & Defense	0.12%
Aditya Birla Capital Limited INE674K01013	Finance	0.12%
JSW Energy Limited INE121E01018	Power	0.12%
Bajaj Auto Limited INE917I01010	Automobiles	0.11%
Sagility Limited INE0W2G01015	IT - Services	0.11%
Tata Consultancy Services Limited INE467B01029	IT - Software	0.11%
Shriram Finance Limited INE721A01047	Finance	0.10%
Oil & Natural Gas Corporation Limited INE213A01029	Oil	0.10%
The Phoenix Mills Limited INE211B01039	Realty	0.10%
Trent Limited INE849A01020	Retailing	0.10%
InterGlobe Aviation Limited INE646L01027	Transport Services	0.10%
Union Bank of India INE692A01016	Banks	0.09%
PG Electroplast Limited INE457L01029	Consumer Durables	0.09%
ICICI Lombard General Insurance Company Limited INE765G01017	Insurance	0.09%
NBCC (India) Limited INE095N01031	Construction	0.08%
SBI Cards and Payment Services Limited INE018E01016	Finance	0.08%
Bajaj Finserv Limited INE918I01026	Finance	0.08%
Dabur India Limited INE016A01026	Personal Products	0.08%
Lupin Limited INE326A01037	Pharmaceuticals & Biotechnology	0.08%
Swiggy Limited INE00H001014	Retailing	0.08%
Bharat Electronics Limited INE263A01024	Aerospace & Defense	0.07%
Samvardhana Motherson International Limited INE775A01035	Auto Components	0.07%
Angel One Limited INE732I01021	Capital Markets	0.07%
SRF Limited INE647A01010	Chemicals & Petrochemicals	0.07%
Bank of Maharashtra INE457A01014	Banks	0.06%
Nestle India Limited INE239A01024	Food Products	0.06%
Colgate Palmolive (India) Limited INE259A01022	Personal Products	0.06%
Adani Ports and Special Economic Zone Limited INE742F01042	Transport Infrastructure	0.06%
Bharat Forge Limited INE465A01025	Auto Components	0.05%
Vedanta Limited INE205A01025	Diversified Metals	0.05%
Inox Wind Limited INE066P01011	Electrical Equipment	0.05%
Jindal Steel Limited INE749A01030	Ferrous Metals	0.05%
Bajaj Holdings & Investment Limited INE118A01012	Finance	0.05%
GAIL (India) Limited INE129A01019	Gas	0.05%
Tech Mahindra Limited INE669C01036	IT - Software	0.05%
Prestige Estates Projects Limited INE811K01011	Realty	0.05%
Tube Investments of India Limited INE974X01010	Auto Components	0.04%
Ather Energy Limited INE0LEZ01016	Automobiles	0.04%
Suzlon Energy Limited INE040H01021	Electrical Equipment	0.04%
KPIT Technologies Limited INE04I401011	IT - Software	0.04%
Radico Khaitan Limited INE944F01028	Beverages	0.03%
PB Fintech Limited INE417T01026	Financial Technology (Fintech)	0.03%
Hindustan Petroleum Corporation Limited INE094A01015	Petroleum Products	0.03%
FSN E-Commerce Ventures Limited INE388Y01029	Retailing	0.03%
Avenue Supermarts Limited INE192R01011	Retailing	0.03%
Page Industries Limited INE761H01022	Textiles & Apparels	0.03%
CG Power and Industrial Solutions Limited INE067A01029	Electrical Equipment	0.02%
Polycab India Limited INE455K01017	Industrial Products	0.02%
National Aluminium Company Limited INE139A01034	Non - Ferrous Metals	0.02%
Lodha Developers Limited INE670K01029	Realty	0.02%
UNO Minda Limited INE405E01023	Auto Components	0.01%
United Spirits Limited INE854D01024	Beverages	0.01%
UPL Limited INE628A01036	Fertilizers & Agrochemicals	0.01%
Mphasis Limited INE356A01018	IT - Software	0.01%
Oberoi Realty Limited INE093I01010	Realty	0.01%
GMR Airports Limited INE776C01039	Transport Infrastructure	0.01%

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Short positions 1

Holding	Sector / type	% of fund
Net Current Assets	–	-0.08%

Debt, money market and cash 16

Holding	Sector / type	% of fund
Nippon India Money Market Fund Dir Pl-Growth-Gr Op INF204K01ZP3	–	15.46%
Nippon India Ultra Short Term Fund- Dr Gr Op INF204K01YH3	–	8.14%
Triparty Repo	–	4.09%
Small Industries Dev Bank of India** INE556F16BV4	CRISIL A1+	1.14%
National Bank For Agriculture and Rural Development INE261F16AQ3	CRISIL A1+	0.84%
HDFC Bank Limited** INE040A16II2	CARE A1+	0.66%
Small Industries Dev Bank of India** INE556F16CB4	CRISIL A1+	0.42%
HDFC Bank Limited INE040A16KD9	ICRA A1+	0.28%
Axis Bank Limited** INE238AD6CO4	CRISIL A1+	0.28%
Small Industries Dev Bank of India** INE556F16CC2	CRISIL A1+	0.17%
Bank of Baroda** INE028A16LE0	CARE A1+	0.14%
National Bank For Agriculture and Rural Development** INE261F16AN0	CRISIL A1+	0.14%
National Bank For Agriculture and Rural Development** INE261F16AP5	CRISIL A1+	0.14%
Bank of Baroda** INE028A16KT0	FITCH A1+	0.11%
Punjab National Bank** INE160A16UE2	CRISIL A1+	0.03%
Cash Margin - CCIL	–	0.02%

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From the fund house's monthly portfolio (mf.nipponindiaim.com), as on 30 Sept 2026. Percentages are of the fund's net assets; short positions are negative. Published about ten days after each month ends.

Risk

Volatility1.4%yearly, from daily NAVs

Worst fall-0.50%29 May 2020 → 31 Jul 2020

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 31 May 2016).

Fund details

Fund size (average AUM, July - September 2026)	₹17,157 cr across all plans · this plan ₹14.29 cr
Fund house	Nippon India Mutual Fund
Category	Hybrid · Arbitrage
Plan	Direct
Option	IDCW
Exit load	0.25% if redeemed or switched out on or before completion of 15 days from the date of allotment of units. Nil, thereafter.
Minimum investment	₹5,000 · additional ₹1,000
Scheme code (AMFI)	128821
ISIN	INF204KA1MV7
NAV date	5 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 · Growth	₹31.2382	+6.64%
Direct · IDCW	₹19.2340	+6.64%
Regular · Growth	₹28.6412	+5.90%
Regular · IDCW	₹17.1646	+5.90%
Regular · IDCW	₹14.9291	+5.90%

Top Arbitrage funds (direct plans)

Fund	1 year	3 years (a year)
Invesco India Arbitrage Fund	+6.76%	+7.43%
Kotak Arbitrage Fund	+6.66%	+7.41%
Tata Arbitrage Fund	+6.68%	+7.41%
ADITYA BIRLA SUN LIFE ARBITRAGE FUND	+6.65%	+7.38%
Edelweiss Arbitrage Fund	+6.58%	+7.36%
Mirae Asset Arbitrage Fund	+6.64%	+7.34%
Axis Arbitrage Fund	+6.57%	+7.29%
UTI - Arbitrage Fund	+6.51%	+7.28%

All Arbitrage funds ranked › · Compare with others ›

← All mutual funds

Information only, not investment advice.

What is the NAV of Nippon India Arbitrage Fund - Direct Plan - IDCW today?

₹16.3501 as of 5 Nov 2026, from AMFI's official NAV data.

What are the returns of Nippon India Arbitrage Fund - Direct Plan - IDCW?

1 year: 6.64%, 3 years: 7.27% a year, 5 years: 6.85% a year

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.