HybridArbitrage FundRegularIDCWModerately High

Invesco India Arbitrage Fund

Q: What is the NAV of Invesco India Arbitrage Fund?

As of 01 Oct 2026, the NAV of Invesco India Arbitrage Fund is ₹18.32 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

Q: What returns has Invesco India Arbitrage Fund delivered?

Invesco India Arbitrage Fund has returned +6.17% over 1 year, +6.75% per year over 3 years, +6.37% per year over 5 years and +3.16% per year since inception. Figures beyond one year are annualised (CAGR) and are computed from AMFI NAV history, so they may differ slightly from other portals.

Q: What is the expense ratio of Invesco India Arbitrage Fund?

Invesco India Arbitrage Fund charges an expense ratio of 2.87% 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 Invesco India Arbitrage Fund?

Invesco India Arbitrage Fund's largest holdings are Invesco India Liquid Fund - Direct Plan - Growth (10.7%), HDFC Bank Limited (6.0%), Invesco India Money Market Fund-Direct Plan-Growth (4.9%), Axis Bank Limited (3.5%) and ICICI Bank Limited (3.4%). Holdings are disclosed monthly and change over time.

Q: How risky is Invesco India Arbitrage Fund?

Invesco India Arbitrage Fund is rated moderately high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 1.1% and its worst peak-to-trough fall in our sample was -3.5%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.

Q: What does the Sharpe ratio of 0.23 mean?

The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. Invesco India Arbitrage Fund's 0.23 means it has rewarded its volatility with excess return. Higher is better.

Q: What is the benchmark of Invesco India Arbitrage Fund?

Invesco India Arbitrage Fund is benchmarked against the Nifty 50 Arbitrage. Its alpha and beta on this page are measured against that index.

Q: Who manages Invesco India Arbitrage Fund?

Invesco India Arbitrage Fund is managed by Deepak Gupta and Pradeep Sukte at Invesco.

Q: How is Invesco India Arbitrage Fund taxed?

Invesco India 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.

Invesco Mutual Fund · Best Arbitrage Mutual Funds

NAV

₹18.32

+0.08% 1D

as of 01 Oct 2026

This is the Regular plan of Invesco India Arbitrage Fund — bought through a distributor, whose commission is paid out of its expense ratio. Income is distributed, which is why this NAV sits below the growth plan of the same fund.

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NAV history

+6.21%CAGR

52-week rangePrev NAV ₹18.30

Latest ₹18.32

Low ₹17.25100th percentile of its 52-week rangeHigh ₹18.32

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 — too few comparable Hybrid funds (same plan and option) to rank against yet.

Performance—

Not enough Arbitrage Fund peers to rank yet

Risk—

Volatility 1.1% (no category average yet)

Cost—

2.9% expense (no category average yet)

ConsistencyHigh

99% 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 99% of rolling 3-year windows

Concerns

No significant concerns identified.

Key Metrics

Annual fee charged by the fund, already deducted from NAV

2.87%

Category —

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

14.46

Category —

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

0.23

Category —

Scheme Info

Definitions

Plan

Regular · IDCW

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

None

If redeemed / switched-out within 15 days from the date of allotment - 0.5%. If units are redeemed or switched-out after 15 days from the date of allotment - Nil.

Up to 0.50%

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.

Allowed

Smallest recurring SIP instalment the scheme accepts

₹500

Smallest one-time (lumpsum) investment the scheme accepts

₹1,000

Nifty 50 Arbitrage

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.

03 May 2007

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

Definitions

Absolute return over the last 1 month (not annualized)

+0.22%

Absolute return over the last 3 months (not annualized)

+1.43%

Absolute return over the last 6 months (not annualized)

+3.01%

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

+4.50%

Annualized returns (≥1Y — CAGR)

Definitions

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

+6.17%

3-year annualized return (CAGR)

+6.75%

5-year annualized return (CAGR)

+6.37%

10-year annualized return (CAGR)

+3.55%

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.

+3.16%

Advanced metrics — risk

Risk (trailing 3Y)

Definitions

Annualized standard deviation of daily returns

1.07%

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

0.23

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

0.34

Largest peak-to-trough decline over full history

-3.52%

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.

Fund vs category average (Arbitrage Fund)

Period	Fund	Category avg.	Diff
1M abs	+0.22%	—	—
3M abs	+1.43%	—	—
6M abs	+3.01%	—	—
1Y CAGR	+6.17%	—	—
3Y CAGR	+6.75%	—	—
5Y CAGR	+6.37%	—	—

Category average across peers in Arbitrage Fund, same plan and option, excluding this fund. Under-1-year figures are absolute; 1Y and beyond are annualised (CAGR).

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

₹7.06L

Absolute

+17.60%

XIRR

+6.63%

Value vs. invested

ValueInvested

60 monthly installments of ₹10,000 into Invesco India 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
2026part	+4.50%
2025	+6.46%
2024	+7.59%
2023	+7.35%
2022	+5.13%
2021	+3.25%
2020	+1.38%
2019	-0.11%
2018	+0.67%
2017	+0.57%

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

4,774

Expense ratio

2.87%

AUM

₹27,818Cr

Portfolio turnover

1658%

Exit load

If redeemed / switched-out within 15 days from the date of allotment - 0.5%. If units are redeemed or switched-out after 15 days from the date of allotment - Nil.

Portfolio, AUM & scheme details shown from another plan of this scheme (same underlying portfolio).

P/E ratio

14.5

P/B ratio

3.0

Avg market cap

₹3,67,738Cr

P/E & P/B are portfolio-weighted harmonic means across 155 of 169 equity holdings (74% of the portfolio); loss-making companies are excluded.

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


Invesco India Arbitrage FundThis fund Invesco · Regular · IDCW	—	+6.17%	+6.75%	+6.37%	—	2.87%	₹27,818Cr
UTI - Arbitrage Fund UTI · Regular · IDCW	—	+6.04%	+6.76%	+6.14%	—	1.81%	₹10,939Cr
SBI Arbitrage Fund SBI · Regular · IDCW	—	+6.00%	+6.70%	+6.33%	—	2.00%	—
Edelweiss Arbitrage Fund Edelweiss · Regular · IDCW	—	+5.96%	+6.66%	+6.17%	—	2.25%	₹14,863Cr
Tata Arbitrage Fund Tata · Regular · Monthly IDCW	—	+5.96%	+6.64%	+6.02%	—	2.25%	₹22,684Cr
Tata Arbitrage Fund Tata · Regular · Monthly IDCW	—	+5.96%	+6.64%	+6.02%	—	2.25%	₹22,684Cr

Market-cap allocation · AMFI bands, Jul 2026

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

Large cap64.6%
Mid cap29.8%
Small cap5.6%

Asset allocation

As on 31 Aug 2026 · AMC disclosure

Equity77.56%
Other17.03%
Debt7.15%

Cash & cash-like: 15.63% — the 0.00% above plus treasury bills, certificates of deposit, commercial paper and TREPS, which the allocation files under Debt but the market counts as cash-equivalent.

Holds the same stocks as (by portfolio overlap, not by category)

Compare the top 3 →

Fund	Overlap	Rating	TER	3Y
Bandhan Arbitrage Fund Bandhan · Arbitrage Fund	72.3% of 73% equity	★★★☆☆	1.63%	+7.29%
ICICI Prudential Arbitrage Fund ICICI Prudential · Arbitrage Fund	69.5% of 73% equity	★★★☆☆	1.63%	+7.29%
Kotak Arbitrage Fund Kotak Mahindra · Arbitrage Fund	68.5% of 74% equity	★★★☆☆	2.32%	+7.45%
Tata Arbitrage Fund Tata · Arbitrage Fund	68.4% of 66% equity	★★★★☆	1.57%	+7.47%
HDFC Arbitrage Fund HDFC · Arbitrage Fund	68.0% of 75% equity	★★☆☆☆	1.50%	+7.28%
SBI Arbitrage Fund SBI · Arbitrage Fund	67.5% of 77% equity	★★★☆☆	1.48%	+7.25%
Axis Arbitrage Fund Axis · Arbitrage Fund	67.0% of 68% equity	★★★☆☆	1.40%	+7.35%
Aditya Birla Sun Life Arbitrage Fund Aditya Birla Sun Life · Arbitrage Fund	66.2% of 71% equity	★★★☆☆	1.24%	+7.41%

Overlap is the share of each fund's equity book invested in the same stocks, by weight, across the Direct-plan universe — so a fund that is only part equity is labelled as such. ! marks a pair holding more in common than nine pairs in ten of its type, where that type has a measured distribution.

🚩Holdings under NSE surveillance (ASM)

1 holding — 0.13% of the portfolio — sit in stocks NSE currently lists under its Additional Surveillance Measure. ASM is an exchange response to unusual price or volume activity (higher margins, and trade-for-trade settlement at stage II), not a view on the company or on this fund.

PB Fintech LimitedShort-term · Stage I0.13%

Source: NSE ASM list, matched to holdings by company name — a holding whose name differs from NSE's spelling may not be matched. BSE's separate list is not covered.

Fund size over time

Quarterly average AUM · AMFI

₹27,818Cr

April - June 2026

since January - March 2026

−₹489.32Cr

est. net flow, last quarter

At or near its largest, ₹27,912Cr in January - March 2026. Size matters most where the mandate is narrow — a large small-cap or a very large flexi-cap book is harder to move without moving the price.

Net flow is an estimate: AMFI publishes a quarterly average AUM, not a closing balance, and it covers every plan and option of this scheme together, so it is a read on direction and rough size rather than a cash-flow statement.

AMC Profile

Invesco Mutual Fund is the Indian arm of Invesco, the US asset manager. It began life as Lotus India Mutual Fund, was bought by Religare in 2008 and ran as Religare Invesco until Invesco took full ownership in 2016.

Launched

23 Jul 2006

Total AUM

₹1,64,687Cr+12.8% QoQ

Avg AUM · July - September 2026

Website

invescomutualfund.com

Fund Managers

DGDeepak GuptaManaging since 11 Nov 2021

Role

Executive Vice President, Fund Manager and Dealer

Total experience

More than 20 years

Education

B. Com, CA, CWA, Cleared CFA level III (AIMR, USA)

Experience

November 2, 2021 - till date Invesco Asset Management (India) Pvt. Ltd. July 1, 2019 to October 28, 2021 Sales Trading - Emkay Global Financial Services Ltd. April 1, 2005 to May 6, 2019 Fund Manager (Equities) - Kotak Asset Management Co. Ltd.

Funds managed (2)

All schemes Deepak Gupta runs →

PSPradeep SukteManaging since 25 Jun 2026

Role

Fund Manager and Dealer - Equity

Total experience

More than 19 years

Education

B.Com. CFA (ICFAI)

Experience

More than 19 years August 14, 2023 onwards Invesco Asset Management of experience in (India) Pvt. Ltd. securities market, equity dealing September 1, 2022 - August 11, 2023 Equity Dealer, SBI Pension Fund Pvt. Ltd. April 26, 2021 - August 25, 2022 Equity Dealer, InCred Asset Management Private Limited August 1, 2019 - April 23, 2021 Equity Dealer, Essel Finance Asset Management Company Ltd. March 6, 2017 - July 31, 2019

Fund managers from the AMC's filed Scheme Summary — its most recent filing for this scheme. Benchmark and dealing terms from it and 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

Deepak Gupta

Top holdings

HDFC Bank Limited Axis Bank Limited ICICI Bank Limited Bharti Airtel Limited Reliance Industries Limited Vodafone Idea Limited Jio Financial Services Limited IDFC First Bank Limited Canara Bank Yes Bank Limited Multi Commodity Exchange of India Limited Ambuja Cements Limited

Invesco 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 Invesco India Arbitrage Fund?

As of 01 Oct 2026, the NAV of Invesco India Arbitrage Fund is ₹18.32 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

What returns has Invesco India Arbitrage Fund delivered?

Invesco India Arbitrage Fund has returned +6.17% over 1 year, +6.75% per year over 3 years, +6.37% per year over 5 years and +3.16% per year since inception. Figures beyond one year are annualised (CAGR) and are computed from AMFI NAV history, so they may differ slightly from other portals.

What is the expense ratio of Invesco India Arbitrage Fund?

Invesco India Arbitrage Fund charges an expense ratio of 2.87% 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 Invesco India Arbitrage Fund?

Invesco India Arbitrage Fund's largest holdings are Invesco India Liquid Fund - Direct Plan - Growth (10.7%), HDFC Bank Limited (6.0%), Invesco India Money Market Fund-Direct Plan-Growth (4.9%), Axis Bank Limited (3.5%) and ICICI Bank Limited (3.4%). Holdings are disclosed monthly and change over time.

How risky is Invesco India Arbitrage Fund?

Invesco India Arbitrage Fund is rated moderately high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 1.1% and its worst peak-to-trough fall in our sample was -3.5%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.

What does the Sharpe ratio of 0.23 mean?

The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. Invesco India Arbitrage Fund's 0.23 means it has rewarded its volatility with excess return. Higher is better.

What is the benchmark of Invesco India Arbitrage Fund?

Invesco India Arbitrage Fund is benchmarked against the Nifty 50 Arbitrage. Its alpha and beta on this page are measured against that index.

Who manages Invesco India Arbitrage Fund?

Invesco India Arbitrage Fund is managed by Deepak Gupta and Pradeep Sukte at Invesco.

How is Invesco India Arbitrage Fund taxed?

Invesco India 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.