HybridArbitrage FundRegularGrowthModerately High

Aditya Birla Sun Life Arbitrage Fund

Q: What is the NAV of Aditya Birla Sun Life Arbitrage Fund?

As of 05 Oct 2026, the NAV of Aditya Birla Sun Life Arbitrage Fund is ₹28.55 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

Q: What returns has Aditya Birla Sun Life Arbitrage Fund delivered?

Aditya Birla Sun Life Arbitrage Fund has returned +6.02% over 1 year, +6.65% per year over 3 years, +6.09% per year over 5 years and +6.29% 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 Aditya Birla Sun Life Arbitrage Fund?

Aditya Birla Sun Life Arbitrage Fund charges an expense ratio of 1.95% 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 Aditya Birla Sun Life Arbitrage Fund?

Aditya Birla Sun Life Arbitrage Fund's largest holdings are Aditya Birla Sun Life Money Market Fund - Growth - Direct Plan (10.0%), ICICI Bank Ltd. (3.6%), Aditya Birla Sun Life Floating Interest Rates Fund - Direct Plan - Growth (3.5%), HDFC Bank Ltd. (3.4%) and Reliance Industries Ltd. (3.0%). Holdings are disclosed monthly and change over time.

Q: How risky is Aditya Birla Sun Life Arbitrage Fund?

Aditya Birla Sun Life 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 -0.9%. 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 0.14 mean?

The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. Aditya Birla Sun Life Arbitrage Fund's 0.14 means it has rewarded its volatility with excess return. Higher is better.

Q: What is the benchmark of Aditya Birla Sun Life Arbitrage Fund?

Aditya Birla Sun Life Arbitrage Fund is benchmarked against the Nifty 50 Arbitrage Index. Its alpha and beta on this page are measured against that index.

Q: Who manages Aditya Birla Sun Life Arbitrage Fund?

Aditya Birla Sun Life Arbitrage Fund is managed by Lovelish Solanki, Mohit Sharma and Krina Mehta at Aditya Birla Sun Life.

Q: How is Aditya Birla Sun Life Arbitrage Fund taxed?

Aditya Birla Sun Life 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.

Aditya Birla Sun Life Mutual Fund · Best Arbitrage Mutual Funds

NAV

₹28.55

+0.13% 1D

as of 05 Oct 2026

This is the Regular plan of Aditya Birla Sun Life 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

NAV history

+6.03%absolute

52-week rangePrev NAV ₹28.51

Latest ₹28.55

Low ₹26.93100th percentile of its 52-week rangeHigh ₹28.55

Scorecard

★★★☆☆3/5 vs 26 of 38 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). 26 of the 38 Arbitrage Funds in this cohort carry the full record the stars need, so they are the ones ranked against.

PerformanceStrong

3Y CAGR +6.65% · ranks 8 of 26 Arbitrage Funds

RiskLow

Volatility 1.1% vs 1.3% category avg

CostLow

1.9% expense vs 2.2% 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

Less volatile than its Arbitrage Fund peers (1.1% vs 1.3%)
Low expense ratio (1.95%) vs the Arbitrage Fund average of 2.20%
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

1.95%

Category 2.20%▼0.25%

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

14.69

Category —

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

0.14

Category -0.01▲0.15

Scheme Info

Definitions

Plan

Regular · Growth

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

None

Exit Load

None

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

₹100

Smallest one-time (lumpsum) investment the scheme accepts

₹1,000

Nifty 50 Arbitrage Index

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.

27 Jul 2009

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

Definitions

Absolute return over the last 1 month (not annualized)

+0.64%

Absolute return over the last 3 months (not annualized)

+1.40%

Absolute return over the last 6 months (not annualized)

+2.94%

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

+4.49%

Annualized returns (≥1Y — CAGR)

Definitions

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

+6.02%

3-year annualized return (CAGR)

+6.65%

5-year annualized return (CAGR)

+6.09%

10-year annualized return (CAGR)

+5.69%

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.

+6.29%

Advanced metrics — risk

Risk (trailing 3Y)

Definitions

Annualized standard deviation of daily returns

1.08%

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

0.14

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

0.21

Largest peak-to-trough decline over full history

-0.91%

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	+0.64%	+0.66%	-0.02%
3M abs	+1.40%	+1.37%	+0.03%
6M abs	+2.94%	+2.81%	+0.13%
1Y CAGR	+6.02%	+5.91%	+0.11%
3Y CAGR	+6.65%	+6.48%	+0.17%
5Y CAGR	+6.09%	+5.95%	+0.14%

Category average across peers in Arbitrage Fund (up to 38 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 38 peers in Arbitrage Fund

1Y return

+6.02%

Beats 48.5% · rank #18

3Y return

+6.65%

Beats 72% · rank #8

5Y return

+6.09%

Beats 60% · rank #9

Sharpe

0.14

Beats 72% · rank #8

Sortino

0.21

Beats 72% · rank #8

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

₹7.03L

Absolute

+17.14%

XIRR

+6.47%

Value vs. invested

ValueInvested

60 monthly installments of ₹10,000 into Aditya Birla Sun Life 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	+4.49%
2025	+6.43%
2024	+7.52%
2023	+7.13%
2022	+4.07%
2021	+3.84%
2020	+4.12%
2019	+6.17%
2018	+6.02%
2017	+5.61%

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

4,233

Expense ratio

1.95%

AUM

₹26,029Cr

Portfolio turnover

1007%

Exit load

Nil

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

P/E ratio

14.7

P/B ratio

3.5

Avg market cap

₹3,78,392Cr

P/E & P/B are portfolio-weighted harmonic means across 165 of 180 equity holdings (68% 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


Aditya Birla Sun Life Arbitrage FundThis fund Aditya Birla Sun Life · Regular · Growth	★★★☆☆	+6.02%	+6.65%	+6.09%	—	1.95%	₹26,029Cr
Kotak Arbitrage Fund Kotak Mahindra · Regular · Growth	★★★★☆	+6.14%	+6.82%	+6.34%	—	2.91%	₹70,783Cr
UTI - Arbitrage Fund UTI · Regular · Growth	★★★★★	+6.12%	+6.78%	+6.17%	—	1.81%	₹10,939Cr
Invesco India Arbitrage Fund Invesco · Regular · Growth	★★★★☆	+6.22%	+6.75%	+6.39%	—	2.87%	₹27,818Cr
SBI Arbitrage Fund SBI · Regular · Growth	★★★★☆	+6.07%	+6.72%	+6.30%	—	2.00%	—
HDFC Arbitrage Fund HDFC · Regular · Growth	★★★☆☆	+6.11%	+6.72%	+6.15%	—	2.04%	₹24,544Cr

Market-cap allocation · AMFI bands, Jul 2026

Equity holdings by company size — 99% of the equity sleeve priced.

Large cap70.1%
Mid cap25.9%
Small cap4.0%

Asset allocation

As on 31 Aug 2026 · AMC disclosure

Equity71.33%
Other16.74%
Debt10.61%
Cash & Equivalents1.32%

Cash & cash-like: 12.53% — the 1.32% above plus treasury bills, certificates of deposit, commercial paper and TREPS, which the allocation files under Debt but the market counts as cash-equivalent.

which companies this fund invests in

As on 31 Aug 2026 · AMC disclosure

ICICI Bank Ltd.

3.59%

Aditya Birla Sun Life Floating Interest Rates Fund - Direct Plan - Growth

3.51%

HDFC Bank Ltd.

3.38%

Reliance Industries Ltd.

3.04%

2.68%

2.39%

2.31%

1.71%

Kotak Mahindra Bank Ltd.

1.55%

State Bank of India

1.49%

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

Compare the top 3 →

Fund	Overlap	Rating	TER	3Y
Kotak Arbitrage Fund Kotak Mahindra · Arbitrage Fund	72.0% of 74% equity	★★★☆☆	2.32%	+7.46%
Nippon India Arbitrage Fund Nippon India · Arbitrage Fund	71.6% of 69% equity	★★★★☆	1.34%	+7.31%
HDFC Arbitrage Fund HDFC · Arbitrage Fund	71.6% of 75% equity	★★☆☆☆	1.50%	+7.29%
SBI Arbitrage Fund SBI · Arbitrage Fund	71.0% of 77% equity	★★★☆☆	1.48%	+7.27%
Edelweiss Arbitrage Fund Edelweiss · Arbitrage Fund	70.5% of 70% equity	★★★★☆	1.58%	+7.40%
Bandhan Arbitrage Fund Bandhan · Arbitrage Fund	68.6% of 73% equity	★★★☆☆	1.63%	+7.31%
DSP Arbitrage fund DSP · Arbitrage Fund	68.3% of 69% equity	★★★☆☆	1.17%	+7.21%
JM Arbitrage Fund JM Financial · Arbitrage Fund	67.9% of 81% equity	★★☆☆☆	1.41%	+6.96%

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 — 0.11% 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 I0.11%

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

₹26,029Cr

April - June 2026

-1%

since January - March 2026

−₹548.61Cr

est. net flow, last quarter

At or near its largest, ₹26,213Cr 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

Aditya Birla Sun Life Mutual Fund is run by Aditya Birla Sun Life AMC, a joint venture between the Aditya Birla Group and Sun Life Financial of Canada. In business since 1994 and listed on the exchanges since 2021, it is among India's larger houses across equity, debt and hybrid.

Launched

22 Dec 1994

Total AUM

₹4,41,787Cr+3.3% QoQ

Avg AUM · July - September 2026

Website

mutualfund.adityabirlacapital.com

Fund Managers

LSLovelish SolankiManaging since 31 Mar 2023

Education

MMS BMS (Finance)

Experience

He has over 17 years of experience in Trading and Dealing. Prior to joining Aditya Birla Sun Life 15, 2014 AMC Limited, he was Equity /Equity Derivatives - Trader at Union KBC Asset Management Co Limited since February 2011. Before that he worked at Edelweiss Asset Management Co. Ltd since January 2008.

Funds managed (2)

All schemes Lovelish Solanki runs →

MSMohit SharmaManaging since 03 Mar 2025

Education

PGDCM years Calcutta; B Tech – IIT Madras

Experience

He has over 19 years of experience of which 12 years are in financial markets. He joined Aditya Birla Sun Life AMC Ltd on October 2015. Prior to joining Aditya Birla Sun Life AMC Limited, he ran his own healthcare- tech business (June 2012 - May 2015). He has also worked as an Interest Rates Trader in Standard Chartered Bank (May 2007 - June 2011) and ICICI Bank Ltd (June 2006 - April 2007). He started his career in the Equity Research in Irevna Ltd (June 2005 - June 2006). under his Fund Management Responsibilities jointly with Mr. Lovelish Solanki Ms. Sunaina Da Cunha - Mr. Bhupesh Bameta Fund - - Mr. Kaustubh Gupta Ms. Sunaina Da Cunha Mr. Kaustubh Gupta and Mr. Anuj Jain - Mr. Harshil Suvarnkar Mr. Kaustubh Gupta Mr. Sanjay Godambe - Mr. Bhupesh Bameta Mr. Sanjay Godambe Financial Mr. Sanjay Pawar

Funds managed (12)

All schemes Mohit Sharma runs →

KMKrina MehtaManaging since 02 Oct 2025

Total experience

4 years

Education

B.M.S (Finance), M.M.S (Finance)

Experience

Ms. Krina Mehta has an experience in dealing activity. Prior to joining Aditya Birla Sun Life AMC Limited, she was a part of OHM Stock Broker Private Limited where she handled the Institutional Derivative desk, as an associate sales trader and also, looked after the alternative research side.

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

Lovelish Solanki Mohit Sharma

Top holdings

ICICI Bank Ltd.HDFC Bank Ltd.Reliance Industries Ltd.Vodafone Idea Ltd.Bharti Airtel Ltd.Axis Bank Ltd.Larsen & Toubro Ltd.Kotak Mahindra Bank Ltd.State Bank of India Steel Authority of India Ltd.NTPC Ltd.Hindalco Industries Ltd.

Aditya Birla Sun Life 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.

Run SIP calculator Add to compare

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 Aditya Birla Sun Life Arbitrage Fund?

As of 05 Oct 2026, the NAV of Aditya Birla Sun Life Arbitrage Fund is ₹28.55 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

What returns has Aditya Birla Sun Life Arbitrage Fund delivered?

Aditya Birla Sun Life Arbitrage Fund has returned +6.02% over 1 year, +6.65% per year over 3 years, +6.09% per year over 5 years and +6.29% 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 Aditya Birla Sun Life Arbitrage Fund?

Aditya Birla Sun Life Arbitrage Fund charges an expense ratio of 1.95% 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 Aditya Birla Sun Life Arbitrage Fund?

Aditya Birla Sun Life Arbitrage Fund's largest holdings are Aditya Birla Sun Life Money Market Fund - Growth - Direct Plan (10.0%), ICICI Bank Ltd. (3.6%), Aditya Birla Sun Life Floating Interest Rates Fund - Direct Plan - Growth (3.5%), HDFC Bank Ltd. (3.4%) and Reliance Industries Ltd. (3.0%). Holdings are disclosed monthly and change over time.

How risky is Aditya Birla Sun Life Arbitrage Fund?

Aditya Birla Sun Life 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 -0.9%. 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 0.14 mean?

The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. Aditya Birla Sun Life Arbitrage Fund's 0.14 means it has rewarded its volatility with excess return. Higher is better.

What is the benchmark of Aditya Birla Sun Life Arbitrage Fund?

Aditya Birla Sun Life Arbitrage Fund is benchmarked against the Nifty 50 Arbitrage Index. Its alpha and beta on this page are measured against that index.

Who manages Aditya Birla Sun Life Arbitrage Fund?

Aditya Birla Sun Life Arbitrage Fund is managed by Lovelish Solanki, Mohit Sharma and Krina Mehta at Aditya Birla Sun Life.

How is Aditya Birla Sun Life Arbitrage Fund taxed?

Aditya Birla Sun Life 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.