Axis Arbitrage Fund
This is the Regular plan of Axis 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.
NAV history
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.
3Y CAGR +6.63% · ranks 10 of 26 Arbitrage Funds
Volatility 1.0% vs 1.3% category avg
2.1% expense vs 2.2% 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
- Less volatile than its Arbitrage Fund peers (1.0% vs 1.3%)
- Consistent — positive in 100% of rolling 3-year windows
Concerns
No significant concerns identified.
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 | +0.18% | +0.19% | -0.01% |
| 3M abs | +1.32% | +1.31% | +0.01% |
| 6M abs | +2.87% | +2.78% | +0.09% |
| 1Y CAGR | +5.96% | +5.85% | +0.11% |
| 3Y CAGR | +6.63% | +6.47% | +0.16% |
| 5Y CAGR | +6.08% | +5.93% | +0.15% |
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
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 Axis 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 | +4.36% | |
| 2025 | +6.33% | |
| 2024 | +7.58% | |
| 2023 | +6.90% | |
| 2022 | +4.18% | |
| 2021 | +3.84% | |
| 2020 | +4.14% | |
| 2019 | +5.84% | |
| 2018 | +6.12% | |
| 2017 | +5.23% |
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- Equity68.40%
- Debt17.40%
- Other12.47%
- Cash & Equivalents1.80%
Cash & cash-like: 12.47% — the 1.80% 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, ₹9,735Cr in April - June 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
Axis Mutual Fund is run by Axis Asset Management, majority-owned by Axis Bank with the UK's Schroders holding the minority stake. It launched its first scheme in 2009 and grew quickly on a growth-oriented, quality-biased equity style.
Fund Managers
DSDevang ShahManaging since 14 Aug 2014
B. Com, ACA
Manager in the last 10 years management " 22 years, his last
- Axis Aggressive Hybrid Fund
- Axis Balanced Advantage Fund
- Axis Children's Fund
- Axis Conservative Hybrid Fund
- AXIS Corporate Bond Fund
- Axis Credit Risk Fund
- Axis Dynamic Term Fund
- Axis Gilt Fund
- Axis Income Plus Arbitrage Passive FOF
- Axis Liquid Fund
- Axis Long Term Fund
- Axis Money Market Fund
- Axis Multi Asset Allocation Fund
- Axis Short Term Fund
- Axis Equity Savings Fund - Direct Plan - Growth Option
- Axis Retirement Fund - Aggressive Plan - Direct Plan - Growth Option
- Axis Retirement Fund - Conservative Plan - Direct Plan - Growth Option
- Axis Retirement Fund - Dynamic Plan - Direct Plan - Growth Option
SJSachin JainManaging since 09 Nov 2021
Fund Manager – Fixed Income
PGDM, B.TECH
Axis Asset Sep 4, 2020 Management - till date Company Ltd. (Fund Manager - Fixed Income) Axis Asset July 11, Management 2017 – Sep Company Ltd. 3, 2020 (Dealer - Fixed Income) Sundaram Asset June 3, Management 2013 – July Company Ltd. 10, 2017 (Trader – Fixed Income) ICAP Ltd. November 9, 2010 (Dealer – Fixed – Income) May 31, 2013 Sundhi Securities November 2, 2009 and Finance Ltd. – (Dealer – Fixed October 29, 2010 Income)
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
Axis 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.
Investors should avoid thinking of debt as a risk-free asset class: Devang Shah of Axis Mutual Fund explains why
livemint.com · 5h ago
Moneycontrol Hosts Mutual Fund Summit In Delhi
Passionate In Marketing · 7h ago
Axis Pension Fund launches NPS Swasthya scheme for healthcare expenses
Fortune India · 4d ago
Axis Nifty Capital Markets Index Fund - Regular Plan Portfolio
The Economic Times · 4d ago
Axis MF's Shreyash Devalkar backs financials, says IT remains a trade despite correction
CNBC TV18 · 5d ago
Axis ELSS- Tax Saver Fund - Regular IDCW Payout
Alice Blue · 5d ago
Debt mutual funds: Axis MF suggests where to invest as RBI may raise rates by 50-75 bps over next 6 months
livemint.com · 6d ago
4 new players to join SIF race
Cafemutual · 7d 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 Axis Arbitrage Fund?
As of 01 Oct 2026, the NAV of Axis Arbitrage Fund is ₹20.06 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.
What returns has Axis Arbitrage Fund delivered?
Axis Arbitrage Fund has returned +5.96% over 1 year, +6.63% per year over 3 years, +6.08% per year over 5 years and +5.90% 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 Axis Arbitrage Fund?
Axis Arbitrage Fund charges an expense ratio of 2.09% 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 Axis Arbitrage Fund?
Axis Arbitrage Fund's largest holdings are Axis Money Market Fund - Direct Plan - Growth Option (12.5%), ICICI Bank Limited (3.5%), HDFC Bank Limited (3.5%), Reliance Industries Limited (3.3%) and Bharat Heavy Electricals Limited (2.8%). Holdings are disclosed monthly and change over time.
How risky is Axis Arbitrage Fund?
Axis Arbitrage Fund is rated moderately high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 1.0% and its worst peak-to-trough fall in our sample was -0.7%. 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 0.13 mean?
The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. Axis Arbitrage Fund's 0.13 means it has rewarded its volatility with excess return. Higher is better.
What is the benchmark of Axis Arbitrage Fund?
Axis Arbitrage Fund is benchmarked against the Nifty 50 Arbitrage Index. Its alpha and beta on this page are measured against that index.
Who manages Axis Arbitrage Fund?
Axis Arbitrage Fund is managed by Devang Shah and Sachin Jain at Axis.
How is Axis Arbitrage Fund taxed?
Axis 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.