Sharpe ratio
-0.09Return earned for the risk taken.
Negative
Negative means the fund has not rewarded investors well for the risk taken recently.
+6.60%1Y Absolute Return
-0.05%1D
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Past performance is not an indicator of future returns.
Returns calculator comparison
Compare an illustrative investment outcome across return assumptions.
| Asset | Projected corpus | Total invested | Gain | Annual return |
|---|---|---|---|---|
| HDFC ARBITRAGE FUND -Direct Plan - Growth OptionFund 5Y annualised return | ₹8,62,727 | ₹7,32,612 | ₹1,30,115 | +6.77% |
| EPFIllustrative annual assumption | ₹8,95,132 | ₹7,32,612 | ₹1,62,520 | +8.25% |
| Residential propertyIllustrative annual assumption | ₹8,67,662 | ₹7,32,612 | ₹1,35,050 | +7.00% |
| PPFIllustrative annual assumption | ₹8,69,819 | ₹7,32,612 | ₹1,37,207 | +7.10% |
| Bank fixed depositIllustrative annual assumption | ₹8,56,981 | ₹7,32,612 | ₹1,24,369 | +6.50% |
| GoldIllustrative annual assumption | ₹8,67,662 | ₹7,32,612 | ₹1,35,050 | +7.00% |
| Savings accountIllustrative annual assumption | ₹7,86,827 | ₹7,32,612 | ₹54,215 | +3.00% |
Illustration only. Fund results use the available NAV-derived annualised return and can be negative. Reference rows are assumptions, not current quoted rates or guaranteed returns; property excludes transaction costs, taxes, and liquidity constraints. Mutual fund investments are subject to market risk.
Wealth multiple
₹1 became₹1.06
₹1 Lakh since launch₹1.06 Lakh
Fund age12.6 yrs
Fund information
Scheme code129052
ISININF179KA1KT6
BenchmarkNIFTY 50 Arbitrage TRI
CategoryHybrid Scheme - Arbitrage Fund
Expense ratio1.50%
Exit loadExit load of 0.25% if redeemed within 15 Days.
Minimum SIP₹100 SIP
Return comparison
30th / 163 in category| Period | Fund | Benchmark | Category avg |
|---|---|---|---|
| 1M | +6.89% | — | — |
| 3M | +6.36% | — | — |
| 6M | +6.49% | — | — |
| 1Y | +6.60% | — | +4.86% |
| 3Y | +7.26% | — | +5.29% |
| 5Y | +6.77% | — | +5.25% |
| 10Y | +6.14% | — | — |
| Since Launch | +6.44% | — | — |
Risk-adjusted performance
Every measure is expanded with a plain-language reading of the latest calculated value.
Sortino ratio
-0.16Return earned while limiting downside risk.
Negative
Negative means downside losses have outweighed the returns.
Standard deviation
1.45%How much the fund’s returns fluctuate over time.
Low volatility
Returns have been relatively stable.
Beta
—How closely the fund moves with the market.
Unavailable
This measure needs sufficient fund and benchmark history to calculate.
Alpha
—Extra return generated above the benchmark.
Unavailable
This measure needs sufficient fund and benchmark history to calculate.
Treynor ratio
—Return earned for each unit of market risk taken.
Unavailable
This measure needs sufficient fund and benchmark history to calculate.
Calmar ratio
7.89How well the fund rewarded investors relative to its biggest decline.
Excellent
Excellent balance between returns and drawdowns.
Information ratio
—How consistently the fund outperformed its benchmark.
Unavailable
This measure needs sufficient fund and benchmark history to calculate.
Portfolio allocation
Latest disclosed portfolio mix
Asset allocation
Portfolio100%
Hedged Equity66.65%
Debt29.55%
Cash4.16%
Market cap allocation
Sector allocation
Equity exposure by sector
Top holdings
10 of 332 disclosed positions
| Holding | Sector | Instrument type | Weight |
|---|---|---|---|
| Cash Margin | Unspecified | Cash Margin | 66.6495% |
| HDFC Money Market Fund Direct-Growth | Unspecified | Mutual Fund | 8.7775% |
| HDFC Bank Ltd | Financial | Equity | 5.0693% |
| Repo | Unspecified | Repo | 4.8848% |
| Reliance Industries Ltd | Energy & Utilities | Equity | 4.2646% |
| HDFC Liquid Direct Plan-Growth | Unspecified | Mutual Fund | 3.9506% |
| ICICI Bank Ltd | Financial | Equity | 3.8701% |
| HDFC Ultra Short Term Fund Direct - Growth | Unspecified | Mutual Fund | 2.5868% |
| JSW Steel Ltd | Materials | Equity | 2.3725% |
| HDFC Low Duration Fund Direct-Growth | Unspecified | Mutual Fund | 2.3683% |
Fund management
DH
Dhruv Muchhal
Since 2023 · Prior to joining HDFC MF,he has worked with Motilal Oswal Financial Services Ltd., Goldman Sachs, CRISIL Global Research & Analytics and Deloitte Haskins & Sells
Mr. Dhruv has done B.Com, CA and CFA
AR
Arun Agarwal
Since 2020 · Prior to joining HDFC Asset Management Company Limited, he has worked with SBI Funds Management Pvt. Ltd., ICICI Bank Limited, UTI Asset Management Pvt. Ltd.
Mr. Agarwal is a B.Com. and Chartered Accountant
AN
Anil Bamboli
Since 2022 · Prior to joining HDFC AMC he has worked with SBI Fund Management for 11 years.
Mr. Bamboli is a CFA from Association for Investment Management and Research, U.S.A, Masters in Management Studies (Finance) and a Graduate in Cost and Works Accountant from ICWAI.
NA
Nandita Menezes
Since 2025 · Prior to joining HDFC AMC, she was associated with S.V. Ghatalia & Associates LLP.
CA (ICAI, INDIA), B.Com (University of Mumbai)
Compare similar funds
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Summary
A low-risk hybrid scheme - arbitrage fund. Same fund manager for 6+ years — the strategy has not chopped and changed. Returns depend on cash-futures spreads and can temporarily fall below liquid-fund levels.
Strengths
- Same fund manager for 6+ years — the strategy has not chopped and changed.
- Ranks 30 of 163 in its category over 1 year.
Weaknesses
- None
Ideal investor
- Suited for parking money for 3–12 months or longer — an alternative to liquid funds and short-term FDs.
- Taxed as an equity fund, which may be more efficient than an FD for some tax brackets.
Risk drivers
- Cash-futures spread compression can reduce arbitrage returns.