Sharpe ratio
0.41Return earned for the risk taken.
Moderate
Moderate risk-adjusted returns. The reward for risk has been average.
+6.57%1Y Absolute Return
-0.07%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 |
|---|---|---|---|---|
| ICICI Prudential Arbitrage Fund - Direct Plan - GrowthFund 5Y annualised return | ₹8,63,369 | ₹7,32,612 | ₹1,30,757 | +6.80% |
| 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₹1.07
₹1 Lakh since launch₹1.07 Lakh
Fund age13.8 yrs
Fund information
Scheme code120364
ISININF109K016O4
BenchmarkNIFTY 50 Arbitrage TRI
CategoryHybrid Scheme - Arbitrage Fund
Expense ratio1.55%
Exit loadExit load of 0.25% if redeemed within 1 month
Minimum SIP₹1,000 SIP
Return comparison
31st / 163 in category| Period | Fund | Benchmark | Category avg |
|---|---|---|---|
| 1M | +6.28% | — | — |
| 3M | +6.18% | — | — |
| 6M | +6.38% | — | — |
| 1Y | +6.57% | — | +4.86% |
| 3Y | +7.26% | — | +5.29% |
| 5Y | +6.80% | — | +5.25% |
| 10Y | +6.33% | — | — |
| Since Launch | +7.01% | — | — |
Risk-adjusted performance
Every measure is expanded with a plain-language reading of the latest calculated value.
Sortino ratio
0.82Return earned while limiting downside risk.
Moderate
Moderate downside risk-adjusted performance.
Standard deviation
1.44%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
11.67How 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 Equity70.98%
Debt26.91%
Cash2.51%
Market cap allocation
Sector allocation
Equity exposure by sector
Top holdings
10 of 359 disclosed positions
| Holding | Sector | Instrument type | Weight |
|---|---|---|---|
| Cash Margin | Unspecified | Cash Margin | 70.9824% |
| ICICI Prudential Money Market Direct-Growth | Unspecified | Mutual Fund | 15.6828% |
| Reliance Industries Ltd | Energy & Utilities | Equity | 3.9824% |
| Bharti Airtel Ltd | Technology | Equity | 3.963% |
| Vodafone Idea Ltd | Technology | Equity | 3.8418% |
| HDFC Bank Ltd | Financial | Equity | 3.8339% |
| Repo | Unspecified | Repo | 3.1047% |
| UNION BANK OF INDIA CD 18FEB27 | Financial | Certificate of Deposit | 1.8645% |
| Bharat Electronics Ltd | Industrials | Equity | 1.6389% |
| HDFC Bank Limited (15/02/2027) ** # | Financial | Certificate of Deposit | 1.4343% |
Fund management
AJ
Ajay Kumar Solanki
Since 2024 · Prior to joining ICICI Prudential Mutual Fund, he has worked with GPS & Associates
Mr. Solanki has done B.Com, CA and CFA Level-III
NI
Nikhil Kabra
Since 2020 · Prior to joining ICICI Prudential AMC from September 25, 2013 he was associated with Sumedha Fiscal Services Limited from October 2012 to September 2013 and Haribhakti & Co. from September 2010 to October 2012.
Mr. Kabra is a B.Com and Chartered Accountant.
SH
Sharmila D'Silva
Since 2022 · She joined ICICI Prudential AMC Limited in September 2016.
Ms. D'Silva is CA and BAF
AR
Archana Nair
Since 2024 · Prior to joining ICICI Prudential Mutual Fund, he has worked with PWC
Ms. Nair has done B.Com and CA
DA
Darshil Dedhia
Since 2024 · He has been working with ICICI Prudential Mutual Fund since 2013.
Mr. Dedhia has done CA and CFA.
Compare similar funds
No comparable category funds are available yet.
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 31 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.