HybridArbitrage FundRegularGrowthModerately High

ICICI Prudential Equity - Arbitrage Fund-Institutional

Q: What is the NAV of ICICI Prudential Equity - Arbitrage Fund-Institutional?

The last published NAV of ICICI Prudential Equity - Arbitrage Fund-Institutional was ₹26.33 per unit, on 24 Apr 2020. The scheme has not published a NAV since then — it has likely been merged, wound up or discontinued, so this figure is historical, not a current price.

Q: What is the expense ratio of ICICI Prudential Equity - Arbitrage Fund-Institutional?

ICICI Prudential Equity - Arbitrage Fund-Institutional charges an expense ratio of 1.62% per year. This annual fee is already deducted from the NAV, so the returns you see are net of it.

Q: What are the top holdings of ICICI Prudential Equity - Arbitrage Fund-Institutional?

Its largest holdings are ICICI Prudential Money Market Direct-Growth (15.7%), Reliance Industries Ltd (4.0%), Bharti Airtel Ltd (4.0%), Vodafone Idea Ltd (3.8%) and HDFC Bank Ltd (3.8%). Holdings are disclosed monthly and change over time.

Q: How risky is ICICI Prudential Equity - Arbitrage Fund-Institutional?

It is rated moderately high on SEBI's risk-o-meter and its worst peak-to-trough fall in our sample was -1.3%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.

Q: What is the benchmark of ICICI Prudential Equity - Arbitrage Fund-Institutional?

ICICI Prudential Equity - Arbitrage Fund-Institutional is benchmarked against the Nifty 50 Arbitrage TRI. Its alpha and beta on this page are measured against that index.

Q: Who manages ICICI Prudential Equity - Arbitrage Fund-Institutional?

ICICI Prudential Equity - Arbitrage Fund-Institutional is managed by Sharmila D'silva, Kayzad Eghlim, Nishit Patel, Ajaykumar Solanki and Darshil Dedhia at ICICI Prudential.

Q: How is ICICI Prudential Equity - Arbitrage Fund-Institutional taxed?

ICICI Prudential Equity - Arbitrage Fund-Institutional is an equity-oriented fund, so its capital gains get concessional rates: short-term gains (units held under 1 year) are taxed at 20%, and long-term gains (held 1 year or more) at 12.5% above a ₹1.25 lakh per-year exemption. These rates apply on redemption and don't add to your income-tax slab.

ICICI Prudential Mutual Fund · Best Arbitrage Mutual Funds

NAV

₹26.33

as of 24 Apr 2020

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This scheme hasn’t published a NAV since 24 Apr 2020 — it appears to have been discontinued or merged. Trailing return and risk metrics need recent pricing, so they can’t be computed; only the NAV history and lifetime drawdown are shown below.

NAV history

+6.48%CAGR

52-week rangePrev NAV ₹26.34

Latest ₹26.33

Low ₹24.73100th percentile of its 52-week rangeHigh ₹26.34

Scorecard

Not rated

How this is computed

Each verdict is computed from this fund's own metrics against its sub-category — the number behind it is shown, not a black-box rating. Not rated — this fund has no full year of NAV history yet. A rating needs at least a 1-year return to rank its performance against peers.

Performance—

Not enough Arbitrage Fund peers to rank yet

Risk—

Volatility not available yet

CostLow

1.6% expense vs 1.9% category avg

ConsistencyHigh

100% of rolling 3Y windows were positive

Strengths & concerns

Generated from this fund's own numbers against its sub-category — each point names the figure behind it.

Strengths

Low expense ratio (1.62%) vs the Arbitrage Fund average of 1.87%
Consistent — positive in 100% of rolling 3-year windows

Concerns

No significant concerns identified.

Key Metrics

Annual fee charged by the fund, already deducted from NAV

Category 1.87%

Portfolio-weighted harmonic mean P/E across the fund's equity holdings

Category 17.35

Excess return per unit of total volatility (rf = 6.5%)

—

Category 0.26

Scheme Info

Definitions

Plan

Regular · Growth

Period before units can be redeemed — 3 years for ELSS, none for most open-ended funds

Exit Load

Statutory levy on every mutual-fund purchase since 1 Jul 2020 (SEBI / Govt of India) — the same for every scheme

0.005%

SIP Inv.

Smallest recurring SIP instalment the scheme accepts

Smallest one-time (lumpsum) investment the scheme accepts

Benchmark

Start of our NAV history for this plan. Direct plans begin 1 Jan 2013, so this is the plan's inception — not necessarily the scheme's original launch date.

01 Jan 2007

Period returns (<1Y, absolute — not annualized)

Definitions

Absolute return over the last 1 month (not annualized)

—

Absolute return over the last 3 months (not annualized)

—

Absolute return over the last 6 months (not annualized)

—

Absolute return since 1 Jan of this year (not annualized)

—

Annualized returns (≥1Y — CAGR)

Definitions

1-year point-to-point return, annualized (CAGR)

—

3-year annualized return (CAGR)

—

5-year annualized return (CAGR)

—

10-year annualized return (CAGR)

—

Annualized return (CAGR) since the fund's inception

—

Advanced metrics — risk

Risk (trailing 3Y)

Definitions

Annualized standard deviation of daily returns

—

Excess return per unit of total volatility (rf = 6.5%)

—

Excess return per unit of downside deviation — upside swings aren't penalized (rf = 6.5%)

—

Largest peak-to-trough decline over full history

-1.26%

Benchmark ratios

Not shown for Arbitrage Fund — a debt, arbitrage or cash-like fund isn't measured against an equity index, so alpha/beta vs one would be noise rather than signal.

Not sure what a figure means? The glossary explains every metric, and the methodology shows the formulas.

Rolling returns

Return for every possible 1Y holding period, not just today’s

Average

+7.4%

Median

+7.1%

Best

+11.5%

Worst

+3.4%

Positive periods

100.0%

148 overlapping 1Y windows, sampled monthly across the fund’s history.

Calendar-year returns

What the fund actually returned in each year, not the smoothed average.

Year	Fund
2020part	+2.16%
2019	+6.26%
2018	+6.07%
2017	+5.16%
2016	+6.77%
2015	+7.59%
2014	+8.49%
2013	+9.76%
2012	+10.42%
2011	+7.95%

January–December, from this fund's NAV history. Absolute return, not annualised. “part” marks a year the fund didn't run end to end — its first year, the current year so far, or one it stopped reporting in.

Backtest this fund

What a SIP or one-time investment would have grown to over this fund’s real NAV history.

Monthly investment (₹)

Period

Invested

₹6.00L

Current value

₹6.98L

Absolute

+16.26%

XIRR

+6.16%

Value vs. invested

60 monthly installments of ₹10,000 into ICICI Prudential Equity - Arbitrage Fund-Institutional, valued at the latest NAV. XIRR annualizes for each installment’s timing.

History points

3,270

Expense ratio

AUM

Portfolio turnover

Exit load

P/E ratio

P/B ratio

Avg market cap

Taxation

Taxed as equity

This is an equity-oriented fund (≥65% in Indian equities), so gains get the concessional capital-gains rates below — they do not add to your income-tax slab.

Short-term (STCG)

20%

Held under 1 year

Flat, on the whole gain

Long-term (LTCG)

12.5%

Held 1 year or more

On gains above ₹1.25 L per financial year

Applies to capital gains on redemption. Excludes IDCW/dividend tax, STT, surcharge and cess, and pre-2018 equity grandfathering. For research only — consult a tax advisor before filing.

Peer comparison · Arbitrage Fund

Compare all


ICICI Prudential Equity - Arbitrage Fund-InstitutionalThis fund ICICI Prudential	—	—	—	—	15.62	1.62%	₹34,180Cr
Tata Arbitrage Fund Tata	★★★★☆	+6.71%	+7.55%	+6.78%	16.75	1.70%	₹22,684Cr
Kotak Arbitrage Fund Kotak Mahindra	★★★★☆	+6.64%	+7.55%	+6.86%	18.35	2.40%	₹70,783Cr
Invesco India Arbitrage Fund Invesco	★★★★★	+6.70%	+7.52%	+6.97%	16.24	2.31%	₹27,818Cr
Aditya Birla Sun Life Arbitrage Fund Aditya Birla Sun Life	★★★☆☆	+6.64%	+7.50%	+6.73%	16.85	1.26%	₹26,029Cr
Edelweiss Arbitrage Fund Edelweiss	★★★☆☆	+6.59%	+7.49%	+6.82%	17.00	1.67%	₹14,863Cr

Market-cap allocation · AMFI bands, Jul 2026

Equity holdings by company size — 100% of the equity sleeve priced.

Large cap78.4%
Mid cap18.8%
Small cap2.9%

ICICI Prudential in the news

Headlines about the fund house, not this scheme in particular — highlights only; tap through to read the full story at the source.

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Returns and risk are computed from NAV history and may differ slightly from other portals due to methodology (rolling vs point-to-point, dividend treatment). For research only — not investment advice.

About Arbitrage funds

Arbitrage funds profit from small price gaps between the cash and futures markets rather than from market direction. Returns are usually modest and cash-like, but they are taxed as equity.

Frequently asked questions

What is the NAV of ICICI Prudential Equity - Arbitrage Fund-Institutional?

The last published NAV of ICICI Prudential Equity - Arbitrage Fund-Institutional was ₹26.33 per unit, on 24 Apr 2020. The scheme has not published a NAV since then — it has likely been merged, wound up or discontinued, so this figure is historical, not a current price.

What is the expense ratio of ICICI Prudential Equity - Arbitrage Fund-Institutional?

ICICI Prudential Equity - Arbitrage Fund-Institutional charges an expense ratio of 1.62% per year. This annual fee is already deducted from the NAV, so the returns you see are net of it.

What are the top holdings of ICICI Prudential Equity - Arbitrage Fund-Institutional?

Its largest holdings are ICICI Prudential Money Market Direct-Growth (15.7%), Reliance Industries Ltd (4.0%), Bharti Airtel Ltd (4.0%), Vodafone Idea Ltd (3.8%) and HDFC Bank Ltd (3.8%). Holdings are disclosed monthly and change over time.

How risky is ICICI Prudential Equity - Arbitrage Fund-Institutional?

It is rated moderately high on SEBI's risk-o-meter and its worst peak-to-trough fall in our sample was -1.3%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.

What is the benchmark of ICICI Prudential Equity - Arbitrage Fund-Institutional?

ICICI Prudential Equity - Arbitrage Fund-Institutional is benchmarked against the Nifty 50 Arbitrage TRI. Its alpha and beta on this page are measured against that index.

Who manages ICICI Prudential Equity - Arbitrage Fund-Institutional?

ICICI Prudential Equity - Arbitrage Fund-Institutional is managed by Sharmila D'silva, Kayzad Eghlim, Nishit Patel, Ajaykumar Solanki and Darshil Dedhia at ICICI Prudential.

How is ICICI Prudential Equity - Arbitrage Fund-Institutional taxed?

ICICI Prudential Equity - Arbitrage Fund-Institutional is an equity-oriented fund, so its capital gains get concessional rates: short-term gains (units held under 1 year) are taxed at 20%, and long-term gains (held 1 year or more) at 12.5% above a ₹1.25 lakh per-year exemption. These rates apply on redemption and don't add to your income-tax slab.