Invesco India Arbitrage Fund
This is the Direct plan of Invesco India Arbitrage Fund — bought from the fund house, with no distributor commission in its expense ratio. Income is retained in the fund, so it shows up as NAV rather than as a payout.
NAV history
Scorecard
★★★★★5/5 vs 26 of 39 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 39 Arbitrage Funds in this cohort carry the full record the stars need, so they are the ones ranked against.
3Y CAGR +7.46% · ranks 2 of 26 Arbitrage Funds
Volatility 1.1% vs 1.3% category avg
2.2% expense vs 1.5% category avg
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
- Ranks #5 of 34 on 1-year return in its Arbitrage Fund cohort
- Stronger risk-adjusted returns — Sharpe 0.90 vs 0.62 Arbitrage Fund average
- Less volatile than its Arbitrage Fund peers (1.1% vs 1.3%)
- Consistent — positive in 100% of rolling 3-year windows
Concerns
- High expense ratio (2.20%) vs the Arbitrage Fund average of 1.48%
Key Metrics
Scheme Info
DefinitionsPeriod returns (<1Y, absolute — not annualized)
DefinitionsAnnualized returns (≥1Y — CAGR)
DefinitionsAdvanced metrics — risk
Fund vs category average (Arbitrage Fund)
| Period | Fund | Category avg. | Diff |
|---|---|---|---|
| 1M abs | +0.27% | +0.25% | +0.02% |
| 3M abs | +1.60% | +1.50% | +0.10% |
| 6M abs | +3.36% | +3.15% | +0.21% |
| 1Y CAGR | +6.88% | +6.57% | +0.31% |
| 3Y CAGR | +7.46% | +7.18% | +0.28% |
| 5Y CAGR | +7.08% | +6.61% | +0.47% |
Category average across peers in Arbitrage Fund (up to 39 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 39 peers in Arbitrage Fund
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 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 | +5.02% | |
| 2025 | +7.17% | |
| 2024 | +8.32% | |
| 2023 | +8.07% | |
| 2022 | +5.85% | |
| 2021 | +4.15% | |
| 2020 | +5.02% | |
| 2019 | +6.53% | |
| 2018 | +6.58% | |
| 2017 | +6.17% |
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.
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.
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.
Fund size over time
Quarterly average AUM · AMFIAt 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.
Fund Managers
DGDeepak GuptaManaging since 11 Nov 2021
Executive Vice President, Fund Manager and Dealer
More than 20 years
B. Com, CA, CWA, Cleared CFA level III (AIMR, USA)
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.
PSPradeep SukteManaging since 25 Jun 2026
Fund Manager and Dealer - Equity
More than 19 years
B.Com. CFA (ICFAI)
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
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.
MF IDCW alert: ICICI Prudential, Invesco announce payouts across 5 schemes; check dates and amounts
Upstox · 12h ago
International mutual funds: Check fresh SIP and lump sum investment options; one PGIM scheme to reopen on October 8
Livemint · 2d ago
PGIM reopens global fund subscriptions; Invesco suspends fresh investments in 3 overseas schemes
Upstox · 4d ago
Suspension of fresh subscriptions in international schemes of Invesco Mutual Fund
Value Research · 5d ago
Should you continue your equity SIP when the stock market is falling? In this episode of MC Explains, we break down three reasons why continuing your equity SIP during a market correction can be important for long-term investors. Remember, continuing an
LinkedIn · 6d ago
Invesco India - Invesco Pan European Equity Fund of Fund - Regular Plan Growth
Alice Blue · 8d ago
6 international mutual funds are reopening: 5 delivered double-digit returns in 1 year - is it time to invest?
Livemint · 11d ago
Invesco Mutual Fund has resumed subscriptions in its international scheme
Value Research · 14d 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.
From the blog
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 ₹37.43 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 +6.88% over 1 year, +7.46% per year over 3 years, +7.08% per year over 5 years and +6.95% 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 2.20% 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 -0.5%. 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 0.90 mean?
The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. Invesco India Arbitrage Fund's 0.90 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.