HybridArbitrage FundRegularGrowthModerately High

ICICI Prudential Equity - Arbitrage Fund

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

The last published NAV of ICICI Prudential Equity - Arbitrage Fund 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: How risky is ICICI Prudential Equity - Arbitrage Fund?

ICICI Prudential Equity - Arbitrage Fund 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?

ICICI Prudential Equity - Arbitrage Fund 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?

ICICI Prudential Equity - Arbitrage Fund is managed by Sharmila D'silva, Ajaykumar Solanki, Darshil Dedhia, Nikhil Kabra and Nitya Mishra at ICICI Prudential.

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

ICICI Prudential Equity - Arbitrage Fund 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

This is the Regular plan of ICICI Prudential Equity - Arbitrage Fund — bought through a distributor, whose commission is paid out of its expense ratio. Income is retained in the fund, so it shows up as NAV rather than as a payout.

Compare SIP calculator

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

Cost—

Expense ratio not available yet

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

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 1.84%

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

—

Category 15.29

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

—

Category 0.31

Scheme Info

Definitions

Plan

Regular · Growth

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

None

0.25% of the applicable NAV - If units purchased or switched in from another scheme of the Fund are redeemed or switched out within 1 month from the date of allotment NIL - If units purchased or switched in from another scheme of the Fund are redeemed or switched out after 1 month from the date of allotment The Trustees shall have a right to prescribe or modify the exit load structure with prospec

Up to 0.25%

tiered — see the full terms

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

₹5,000

Nifty 50 Arbitrage TRI

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 first NAV we hold for this plan — the Inception date under Key metrics. AMFI's history starts in April 2006, so an older scheme is measured from there.

—

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.

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

ValueInvested

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

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.

History points

3,270

Exit load

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 FundThis fund ICICI Prudential · Institutional · Growth	—	—	—	—	—	—	—
Tata Arbitrage Fund Tata · Direct · Growth	★★★★☆	+6.77%	+7.47%	+6.86%	15.65	1.57%	₹22,684Cr
Invesco India Arbitrage Fund Invesco · Direct · Growth	★★★★★	+6.88%	+7.46%	+7.08%	14.46	2.20%	₹27,818Cr
Kotak Arbitrage Fund Kotak Mahindra · Direct · Growth	★★★☆☆	+6.75%	+7.45%	+6.95%	15.52	2.32%	₹70,783Cr
Aditya Birla Sun Life Arbitrage Fund Aditya Birla Sun Life · Direct · Growth	★★★☆☆	+6.72%	+7.41%	+6.81%	14.69	1.24%	₹26,029Cr
Edelweiss Arbitrage Fund Edelweiss · Direct · Growth	★★★★☆	+6.67%	+7.39%	+6.90%	15.69	1.58%	₹14,863Cr

AMC Profile

ICICI Prudential Mutual Fund is a joint venture between ICICI Bank and Prudential plc of the UK, in business since 1993. It is among India's largest houses by assets and runs one of the industry's widest scheme line-ups across equity, debt and hybrid.

Launched

11 Oct 1993

Total AUM

₹11,14,544Cr+1.0% QoQ

Avg AUM · April - June 2026

Website

icicipruamc.com

Fund Managers

SDSharmila D'silvaStart date not disclosed

Role

Fund Manager – MF Equity

Total experience

Over 8 years

Education

CA and Bachelor of Commerce in Accounting and Finance (BAF)

Experience

Sharmila D’silva is associated with ICICI in Prudential Asset Management Company Limited from September 2016. She is involved in economics research, strategy research and business cycle research.

Funds managed (33)

All schemes Sharmila D'silva runs →

ASAjaykumar SolankiStart date not disclosed

Role

Associate Vice President - MF Equity Dealing

Total experience

Over 10 years

Education

Chartered Accountant, Chartered Financial Management Analyst (CFA) and B.Com from Mumbai University

Experience

Mr. Ajaykumar Solanki was appointed as dealer in the Investments Department of ICICI Prudential Asset Company Limited w.e.f August 7, 2022. He was appointed as a fund manager for certain schemes of the Fund in August 2024. ~ ICICI Prudential Asset Management Company Limited – in MF Operations - December 2, 2014 to August 6, 2023. • • ICICI Prudential Nifty Next

Funds managed (31)

All schemes Ajaykumar Solanki runs →

DDDarshil DedhiaStart date not disclosed

Role

Fund Manager – Fixed Income

Education

Chartered Accountant, Chartered Financial Analyst (CFA) and B.Com

Experience

He started his career with ICICI Prudential Asset in January 2013 and has experience of over 12 years. Past Experience: ~ ICICI Prudential Asset Management Company Limited – Investments – Mutual Fund Debt – August 9, 2018 till date. ~ ICICI Prudential Asset Management Company Limited – Fund Accounting – February 9, 2016 till August 8, 2018. ~ ICICI Prudential Asset Management Company Limited – Investments – Fixed Income – May 25, 2015 to Feb 8, 2016. ~ ICICI Prudential Asset Management Company Limited – Fund Accounting – January 22, 2013 to May 24, 2015.

Funds managed (23)

All schemes Darshil Dedhia runs →

NKNikhil KabraStart date not disclosed

Role

Fund Manager – Fixed Income

Total experience

Over 11 years

Education

Chartered Accountant, B.Com and Chartered Financial Analyst (CFA)

Experience

Mr. Nikhil Kabra is associated with ICICI Prudential Asset Management Company Limited since September 2013. Past Experience: ~ Sumedha Fiscal Services Limited from ICICI Prudential Money Market Fund October 2012 to September 2013. ~ Haribhakti & Co. from September 2010 to October 2012

Funds managed (10)

All schemes Nikhil Kabra runs →

NMNitya MishraStart date not disclosed

Role

Fund Manager – MF Equity

Total experience

Over 13 years

Education

Chartered Financial Analyst (CFA), PGDM – Finance from Xavier Institute of Management, Bhubaneswar, Bachelor of Technical Engineering in Electronics Communication NIT Bhopal.

Experience

She is associated with ICICI Prudential Asset Management Company in Limited from September 2016. She is involved in economics research, strategy research and business cycle research. She had joined the AMC in May 2018 as a Senior – Manager in the Risk Management Department of the AMC. & She has been appointed as a fund manager of certain schemes of the fund from July 2024. Past Experience: ~ SBI Capital Markets Limited - Manager-April 2015 to April 2018. ~ Crisil Limited – Senior Rating Analyst- April 2012 to March 2015. ~ Fidelity Investments Private Limited- Intern - April 2011 to June 2011. ~ DXC Technology Application Developer April 2008 to June 2010.

Funds managed (7)

All schemes Nitya Mishra runs →

Fund manager, benchmark and dealing terms from this scheme's SEBI-filed Scheme Information Document on AMFI. Each manager's qualifications and role are reconciled across every filing this fund house makes for them, including its Statement of Additional Information. Total AUM via AMFI.

Explore from here

Fund managers

Sharmila D'silva Ajaykumar Solanki Darshil Dedhia Nikhil Kabra Nitya Mishra

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?

The last published NAV of ICICI Prudential Equity - Arbitrage Fund 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.

How risky is ICICI Prudential Equity - Arbitrage Fund?

ICICI Prudential Equity - Arbitrage Fund 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?

ICICI Prudential Equity - Arbitrage Fund 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?

ICICI Prudential Equity - Arbitrage Fund is managed by Sharmila D'silva, Ajaykumar Solanki, Darshil Dedhia, Nikhil Kabra and Nitya Mishra at ICICI Prudential.

How is ICICI Prudential Equity - Arbitrage Fund taxed?

ICICI Prudential Equity - Arbitrage Fund 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.