Parag Parikh Arbitrage Fund - Direct Plan - Growth

NAVs of 8 Nov 2026

PPFAS Mutual Fund · Hybrid fund · Direct plan · Growth

ArbitrageDirect · GrowthRisk: Low

NAV · 6 Nov 2026

₹12.2625 ▲ 0.14%

PPFAS Mutual Fund

Fund size₹2,745 crJuly - September 2026

1-month range₹12.19 – 12.26

1 year+6.56%rank 20 of 28

Expense ratio0.99%direct plan, a year

5 years–a year

What the fund does

The investment objective of the scheme is to generate capital appreciation and income by predominantly investing in arbitrage opportunities in the cash and derivatives segment of the equity market, and by investing the balance in debt and money market instruments. However, there is no assurance that the investment objective of the Scheme will be realized and the Scheme does not assure or guarantee any returns.

BenchmarkNIFTY 50 Arbitrage Total Return Index (TRI)

Launched2 Nov 2023

Fund housePPFAS Mutual Fund

Fund managersRajeev Thakkarsince 2 Nov 2023Raunak Onkarsince 2 Nov 2023Rukun Tarachandanisince 2 Nov 2023Raj Mehtasince 1 Sept 2025Tejas Somansince 1 Sept 2025Aishwarya Dharsince 1 Sept 2025

NAV history

Returns

1 week

+0.19%avg 0.2%

1 month

+0.53%avg 0.5%

3 months

+1.54%avg 1.6%

6 months

+3.20%avg 3.2%

This year

+5.51%avg 5.6%

1 year

+6.56%avg 6.7% · #20/28

3 years (a year)

+6.98%avg 7.2% · #19/21

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	+0.6	+0.7	+0.4	+0.5	+0.5	+0.5	+0.4	+0.5	+0.5	+0.6
2026	+0.6	+0.5	+0.6	+0.4	+0.2	+0.8	+0.7	+0.6	+0.3	+0.6	+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 30 Sept 2026

Stocks held7287 lines in all

Top 10 stocks42.9%of the fund

Short positions-0.3%sold through derivatives

Net equity67.3%long stocks and derivatives minus shorts

Where the money is

Equity 67.5%Money market 18.0%Cash & others 14.5%Short -0.3%

Sectors (stocks held)

Banks

34.1%

Petroleum Products

4.9%

Telecom - Services

4.8%

Electrical Equipment

3.1%

Ferrous Metals

2.7%

Aerospace & Defense

2.7%

Pharmaceuticals & Biotechnology

2.4%

Finance

1.9%

Credit quality (debt and money market)

A1+

17.7%

Sovereign

0.4%

Changes since 31 Aug 2026

Share of fund	30 Sept 2026	31 Aug 2026	Change
Stocks held	67.5%	70.8%	-3.28
Short positions	-0.3%	-0.2%	-0.02
Money market	18.0%	16.0%	+2.06
Cash & others	14.5%	13.2%	+1.22
Top 10 stocks	42.9%	42.6%	+0.25
Number of stocks	72	70	+2

New stocks 7

Coforge Limited0.10%
Infosys Limited0.09%
Multi Commodity Exchange of India Limited0.09%
Power Finance Corporation Limited0.05%
Oberoi Realty Limited0.05%
Marico Limited0.03%
Eternal Limited0.02%

Stocks sold off 5

Grasim Industries Limitedwas 0.82%
One 97 Communications Limitedwas 0.25%
Larsen & Toubro Limitedwas 0.08%
TVS Motor Company Limitedwas 0.01%
Zydus Lifesciences Limitedwas 0.01%

Bought more 3

Bandhan Bank Limited+0.78
HDFC Bank Limited+0.53
Reliance Industries Limited+0.39

Cut back 7

Mahindra & Mahindra Limited-0.93
DLF Limited-0.56
GMR Airports Limited-0.40
Eicher Motors Limited-0.38
Cipla Limited-0.38
Bharat Electronics Limited-0.28
Kotak Mahindra Bank Limited-0.25

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 72

Holding	Sector / type	% of fund
HDFC Bank Limited INE040A01034	Banks	6.38%
ICICI Bank Limited INE090A01021	Banks	6.17%
Canara Bank INE476A01022	Banks	5.28%
Reliance Industries Limited INE002A01018	Petroleum Products	4.80%
Axis Bank Limited INE238A01034	Banks	4.51%
Bharti Airtel Limited INE397D01024	Telecom - Services	4.40%
Kotak Mahindra Bank Limited INE237A01036	Banks	3.75%
Bharat Heavy Electricals Limited INE257A01026	Electrical Equipment	2.97%
State Bank of India INE062A01020	Banks	2.38%
IDFC First Bank Limited INE092T01019	Banks	2.24%
Tata Steel Limited INE081A01020	Ferrous Metals	2.06%
Bharat Electronics Limited INE263A01024	Aerospace & Defense	1.72%
UltraTech Cement Limited INE481G01011	Cement & Cement Products	1.69%
NMDC Limited INE584A01023	Minerals & Mining	1.54%
Bandhan Bank Limited INE545U01014	Banks	1.46%
Eicher Motors Limited INE066A01021	Automobiles	1.16%
Punjab National Bank INE160A01022	Banks	1.04%
Sun Pharmaceutical Industries Limited INE044A01036	Pharmaceuticals & Biotechnology	0.99%
Hindustan Aeronautics Limited INE066F01020	Aerospace & Defense	0.95%
Life Insurance Corporation Of India INE0J1Y01017	Insurance	0.93%
Bank of Baroda INE028A01039	Banks	0.78%
Bajaj Finance Limited INE296A01032	Finance	0.66%
The Indian Hotels Company Limited INE053A01029	Leisure Services	0.58%
NBCC (India) Limited INE095N01031	Construction	0.57%
Mahindra & Mahindra Limited INE101A01026	Automobiles	0.54%
Glenmark Pharmaceuticals Limited INE935A01035	Pharmaceuticals & Biotechnology	0.47%
GMR Airports Limited INE776C01039	Transport Infrastructure	0.47%
Biocon Limited INE376G01013	Pharmaceuticals & Biotechnology	0.44%
NTPC Limited INE733E01010	Power	0.44%
Coal India Limited INE522F01014	Consumable Fuels	0.42%
Steel Authority of India Limited INE114A01011	Ferrous Metals	0.41%
Jio Financial Services Limited INE758E01017	Finance	0.40%
Indus Towers Limited INE121J01017	Telecom - Services	0.39%
Varun Beverages Limited INE200M01039	Beverages	0.38%
LIC Housing Finance Limited INE115A01026	Finance	0.35%
ITC Limited INE154A01025	Diversified FMCG	0.33%
Aditya Birla Capital Limited INE674K01013	Finance	0.32%
DLF Limited INE271C01023	Realty	0.29%
JSW Steel Limited INE019A01038	Ferrous Metals	0.26%
Tata Power Company Limited INE245A01021	Power	0.22%
Hindalco Industries Limited INE038A01020	Non - Ferrous Metals	0.22%
Cipla Limited INE059A01026	Pharmaceuticals & Biotechnology	0.21%
Dabur India Limited INE016A01026	Personal Products	0.17%
Crompton Greaves Consumer Electricals Limited INE299U01018	Consumer Durables	0.15%
Divi's Laboratories Limited INE361B01024	Pharmaceuticals & Biotechnology	0.15%
Aurobindo Pharma Limited INE406A01037	Pharmaceuticals & Biotechnology	0.14%
PNB Housing Finance Limited INE572E01012	Finance	0.10%
Coforge Limited INE591G01025	IT - Software	0.10%
Infosys Limited INE009A01021	IT - Software	0.09%
Inox Wind Limited INE066P01011	Electrical Equipment	0.09%
Multi Commodity Exchange of India Limited INE745G01043	Capital Markets	0.09%
ICICI Lombard General Insurance Company Limited INE765G01017	Insurance	0.08%
The Federal Bank Limited INE171A01029	Banks	0.08%
Oil & Natural Gas Corporation Limited INE213A01029	Oil	0.07%
Godrej Properties Limited INE484J01027	Realty	0.07%
Bajaj Finserv Limited INE918I01026	Finance	0.06%
Tata Motors Passenger Vehicles Limited INE155A01022	Automobiles	0.06%
Power Finance Corporation Limited INE134E01011	Finance	0.05%
Yes Bank Limited INE528G01035	Banks	0.05%
Oberoi Realty Limited INE093I01010	Realty	0.05%
Hindustan Unilever Limited INE030A01027	Diversified FMCG	0.05%
Tata Consumer Products Limited INE192A01025	Agricultural Food & other Products	0.05%
Indian Oil Corporation Limited INE242A01010	Petroleum Products	0.05%
Marico Limited INE196A01026	Agricultural Food & other Products	0.03%
Solar Industries India Limited INE343H01029	Chemicals & Petrochemicals	0.03%
Eternal Limited INE758T01015	Retailing	0.02%
Asian Paints Limited INE021A01026	Consumer Durables	0.02%
AU Small Finance Bank Limited INE949L01017	Banks	0.02%
SBI Life Insurance Company Limited INE123W01016	Insurance	0.01%
Power Grid Corporation of India Limited INE752E01010	Power	0.01%
Fortis Healthcare Limited INE061F01013	Healthcare Services	0.01%
Torrent Pharmaceuticals Limited INE685A01028	Pharmaceuticals & Biotechnology	0.01%

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Short positions 1

Holding	Sector / type	% of fund
Net Receivables / (Payables)	–	-0.25%

Debt, money market and cash 14

Holding	Sector / type	% of fund
Parag Parikh Liquid Fund- Direct Plan- Growth INF879O01068	–	10.70%
Small Industries Dev Bank of India (11/06/2027) # INE556F16CE8	CRISIL A1+	3.46%
REP4_300926	–	2.53%
Canara Bank (08/12/2026) # INE476A16J90	CRISIL A1+	1.80%
HDFC Bank Limited (21/12/2026) INE040A16II2	CARE A1+	1.79%
Canara Bank (08/01/2027) # INE476A16F94	CRISIL A1+	1.79%
Indian Bank (12/01/2027) # INE562A16QE7	CRISIL A1+	1.78%
National Bank For Agriculture and Rural Development (27/01/2027) INE261F16AG4	CRISIL A1+	1.78%
Small Industries Dev Bank of India (26/02/2027) INE556F16CC2	CRISIL A1+	1.77%
Indian Bank (15/06/2027) INE562A16RK2	CRISIL A1+	1.73%
TRP_011026	–	1.47%
Bank of Baroda (25/11/2026) INE028A16KK9	IND A1+	0.90%
Indian Bank (24/06/2027) INE562A16RI6	CRISIL A1+	0.86%
364 Days Tbill (MD 15/01/2027) IN002025Z419	Sovereign	0.36%

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From the fund house's monthly portfolio (amc.ppfas.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

Volatility1.5%yearly, from daily NAVs

Worst fall-0.57%3 Aug 2026 → 6 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 3 Nov 2023).

Where it can invest (limits from the scheme document)

Equities & Equity derivatives (Equity Hedged exposure)

65–100%

ment securities with maturities upto 1 year, Units of Domestic mutual fund schemes and Overnight debt securities, Gold and Silver ETFs/ ETCDs

0–35%

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

Fund details

Fund size (average AUM, July - September 2026)	₹2,745 cr across all plans · this plan ₹2,324 cr
Fund house	PPFAS Mutual Fund
Category	Hybrid · Arbitrage
Plan	Direct
Option	Growth
Expense ratio (TER)	Direct 0.99% · Regular 1.39% (5 Nov 2026)
Exit load	In respect of each purchase / switch-in of units, an Exit Load of 0.25% is payable if Units are redeemed/ switched-out within 30 days from the date of allotment. No Exit Load is payable if Units are redeemed / switched-out after 30 days from the date of allotment. Any exit load charged (net off GST, if any) shall be credited back to the Scheme.
Minimum investment	₹1,000 · additional ₹1,000
Scheme code (AMFI)	152109
ISIN	INF879O01225
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
Regular · Growth	₹12.1308	+6.16%

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%
Parag Parikh Arbitrage Fund	+6.56%	+6.98%

All Arbitrage funds ranked › · Compare with others ›

← All mutual funds

Information only, not investment advice.

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

₹12.2625 as of 6 Nov 2026, from AMFI's official NAV data.

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

1 year: 6.56%, 3 years: 6.98% a year

How does Parag Parikh Arbitrage Fund rank in its category?

20 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.