BANDHAN Arbitrage Fund
This is the IDCW (dividend) option — it pays its earnings out as dividends rather than reinvesting them, so every payout steps the NAV down and the return figures below leave those payouts out. Your actual return was higher by whatever was distributed. That’s expected for a payout plan, not missing data.
View the Growth plan for compounded returns (+6.61% 3Y CAGR)NAV history
Scorecard
★☆☆☆☆1/5 vs 39 of 47 Arbitrage Fund peers- Performance 60%
- Risk 15%
- Cost 10%
- Downside 15%
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. The stars weight the same ground 60/15/10/15 (performance/risk/cost/downside) across every fund in the peer group. Ranked within Arbitrage Fund (same plan and option). 39 of the 47 Arbitrage Funds in this cohort carry the full record the stars need, so they are the ones ranked against.
3Y CAGR -6.36% · ranks 39 of 47 Arbitrage Funds
Volatility 14.6% vs 1.9% category avg
2.4% expense vs 2.2% category avg
90% 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
No standout strengths identified.
Concerns
- 3-year return (-6.36%) trails the Arbitrage Fund average (+4.20%)
- 5-year return (-3.70%) trails the Arbitrage Fund average (+4.21%)
- More volatile than its Arbitrage Fund peers (14.6% vs 1.9%)
Key Metrics
Scheme Info
DefinitionsPeriod returns (<1Y, absolute — not annualized)
DefinitionsAnnualized returns (≥1Y — CAGR)
DefinitionsAdvanced metrics — risk
Risk (trailing 3Y)
DefinitionsBenchmark 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 | +0.01% | +0.29% | -0.28% |
| 3M abs | +1.01% | +0.96% | +0.05% |
| 6M abs | +1.51% | +1.27% | +0.24% |
| 1Y CAGR | +3.85% | +3.44% | +0.41% |
| 3Y CAGR | -6.36% | +4.20% | -10.56% |
| 5Y CAGR | -3.70% | +4.21% | -7.91% |
Category average across peers in Arbitrage Fund (up to 47 funds with data), 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.
Category rank
Vs 47 peers in Arbitrage Fund
Rolling returns
Return for every possible 1Y holding period, not just today’s
207 overlapping 1Y windows, sampled monthly across the fund’s history.
Worst falls, and the wait to get back
How far this fund has dropped from a high, and how long it took to reclaim it.
- -25.0%29 Jan 2025 → 31 Jan 2025
Still below that high — 2 days down, and no recovery yet.
Measured on this fund’s own NAV history, peak to trough to the day it regained the peak. Falls shallower than 5% are left out. A recovery date is when the NAV got back, not when any particular investor did — that depends on when they bought.
Calendar-year returns
What the fund actually returned in each year, not the smoothed average.
| Year | Fund | |
|---|---|---|
| 2026part | +2.34% | |
| 2025 | -21.24% | |
| 2024 | +1.50% | |
| 2023 | +1.01% | |
| 2022 | +0.53% | |
| 2021 | +0.91% | |
| 2020 | +0.42% | |
| 2019 | +0.05% | |
| 2018 | +0.69% | |
| 2017 | -0.06% |
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.
Fund size over time
Quarterly average AUM · AMFIDown +6% from its peak of ₹8,615Cr 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.
Backtest this fund
What a SIP or one-time investment would have grown to over this fund’s real NAV history.
60 monthly installments of ₹10,000 into BANDHAN Arbitrage Fund, valued at the latest NAV. XIRR annualizes for each installment’s timing.
Taxation
Taxed as equityThis 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.
Flat, on the whole gain
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.
Bandhan 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.
Bandhan Mutual Fund and Grey 82.5 India Launch ‘Kya Azaad Ho Tum?’ Campaign
MediaNews4U · 3h ago
Bandhan Small Cap Fund July portfolio: 15 stocks added, 9 exited; HDFC Bank, AWL Agri see higher holdings
livemint.com · 4d ago
Bandhan CRISIL-IBX 10:90 Gilt + SDL Index - Dec 2029 Fund to merge with Bandhan Short Duration Fund
Value Research · 7d ago
Bandhan Transportation and Logistics Fund - Direct Plan
CNBC TV18 · 9d ago
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Bandhan US specific Equity Active FOF
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Bandhan Income Plus Arbitrage Active FOF
CNBC TV18 · 9d ago
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 BANDHAN Arbitrage Fund?
As of 20 Aug 2026, the NAV of BANDHAN Arbitrage Fund is ₹10.73 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.
What returns has BANDHAN Arbitrage Fund delivered?
BANDHAN Arbitrage Fund has returned +3.85% over 1 year, -6.36% per year over 3 years, -3.70% per year over 5 years and +0.14% 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 BANDHAN Arbitrage Fund?
BANDHAN Arbitrage Fund charges an expense ratio of 2.39% 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 BANDHAN Arbitrage Fund?
Its largest holdings are Bandhan Money Market Fund Direct-Growth (12.6%), Bandhan Low Duration Fund Direct-Growth (8.7%), HDFC Bank Ltd (4.4%), Bandhan Ultra Short Duration Fund Direct-Growth (3.4%) and Vodafone Idea Ltd (3.0%). Holdings are disclosed monthly and change over time.
How risky is BANDHAN Arbitrage Fund?
It is rated moderately high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 14.6% and its worst peak-to-trough fall in our sample was -25.0%. 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 -0.88 mean?
The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. BANDHAN Arbitrage Fund's -0.88 means it has not compensated investors for its volatility over the window. Higher is better.
What is the benchmark of BANDHAN Arbitrage Fund?
BANDHAN Arbitrage Fund is benchmarked against the Nifty 50 Arbitrage Index. Its alpha and beta on this page are measured against that index.
Who manages BANDHAN Arbitrage Fund?
BANDHAN Arbitrage Fund is managed by Brijesh Shah, Harshal Joshi, Gaurav Satra, Ritika Behera, Abhishek Jain and Nemish Sheth at Bandhan.
How is BANDHAN Arbitrage Fund taxed?
BANDHAN 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.