HybridArbitrage FundRegularGrowthModerately High

Bank of India Arbitrage Fund

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

As of 05 Oct 2026, the NAV of Bank of India Arbitrage Fund is ₹14.75 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

Q: What returns has Bank of India Arbitrage Fund delivered?

Bank of India Arbitrage Fund has returned +5.57% over 1 year, +6.11% per year over 3 years, +5.35% per year over 5 years and +4.78% 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 Bank of India Arbitrage Fund?

Bank of India Arbitrage Fund charges an expense ratio of 2.82% 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 Bank of India Arbitrage Fund?

Bank of India Arbitrage Fund's largest holdings are Bank of India Liquid Fund Direct Plan - Growth (14.4%), HDFC Bank Limited (6.2%), Canara Bank (5.1%), Tata Steel Limited (4.8%) and Vedanta Limited (4.4%). Holdings are disclosed monthly and change over time.

Q: How risky is Bank of India Arbitrage Fund?

Bank of India Arbitrage Fund is rated moderately high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 1.2% and its worst peak-to-trough fall in our sample was -0.6%. 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 -0.33 mean?

The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. Bank of India Arbitrage Fund's -0.33 means it has not compensated investors for its volatility over the window. Higher is better.

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

Bank of India 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 Bank of India Arbitrage Fund?

Bank of India Arbitrage Fund is managed by Firdaus Ragina at Bank of India.

Q: How is Bank of India Arbitrage Fund taxed?

Bank of 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.

Bank of India Mutual Fund · Best Arbitrage Mutual Funds

NAV

₹14.75

+0.04% 1D

as of 05 Oct 2026

This is the Regular plan of Bank of India 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.

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NAV history

+5.59%absolute

52-week rangePrev NAV ₹14.74

Latest ₹14.75

Low ₹13.97100th percentile of its 52-week rangeHigh ₹14.75

Scorecard

★☆☆☆☆1/5 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.

PerformanceBelow avg

3Y CAGR +6.11% · ranks 24 of 26 Arbitrage Funds

RiskModerate

Volatility 1.2% vs 1.3% category avg

CostHigh

2.8% 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

Consistent — positive in 100% of rolling 3-year windows

Concerns

5-year return (+5.35%) trails the Arbitrage Fund average (+5.99%)
Ranks #30 of 34 on 1-year return in its Arbitrage Fund cohort
Weaker risk-adjusted returns — Sharpe -0.33 below the Arbitrage Fund average of 0.01
High expense ratio (2.82%) vs the Arbitrage Fund average of 2.17%

Key Metrics

Annual fee charged by the fund, already deducted from NAV

2.82%

Category 2.17%▲0.65%

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

9.90

Category —

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

-0.33

Category 0.01▼0.34

Scheme Info

Definitions

Plan

Regular · Growth

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

None

• Any Redemption/Switch out - would be subject to an exit load of 0.50%, if the units are redeemed/switched out within 15 days from the date of allotment of units. • If the units are redeemed/switched out after 15 days from the date of allotment of units - "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

₹1,000

Smallest one-time (lumpsum) investment the scheme accepts

₹5,000

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.

20 Jun 2018

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

Definitions

Absolute return over the last 1 month (not annualized)

+0.75%

Absolute return over the last 3 months (not annualized)

+1.27%

Absolute return over the last 6 months (not annualized)

+2.58%

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

+4.11%

Annualized returns (≥1Y — CAGR)

Definitions

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

+5.57%

3-year annualized return (CAGR)

+6.11%

5-year annualized return (CAGR)

+5.35%

10-year annualized return (CAGR)

—

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.

+4.78%

Advanced metrics — risk

Risk (trailing 3Y)

Definitions

Annualized standard deviation of daily returns

1.18%

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

-0.33

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

-0.47

Largest peak-to-trough decline over full history

-0.61%

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	+0.75%	+0.66%	+0.09%
3M abs	+1.27%	+1.38%	-0.11%
6M abs	+2.58%	+2.82%	-0.24%
1Y CAGR	+5.57%	+5.92%	-0.35%
3Y CAGR	+6.11%	+6.50%	-0.39%
5Y CAGR	+5.35%	+5.99%	-0.64%

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

+5.57%

Beats 12.1% · rank #30

3Y return

+6.11%

Beats 8% · rank #24

5Y return

+5.35%

Beats 5% · rank #20

Sharpe

-0.33

Beats 8% · rank #24

Sortino

-0.47

Beats 8% · rank #24

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

₹6.93L

Absolute

+15.46%

XIRR

+5.87%

Value vs. invested

ValueInvested

60 monthly installments of ₹10,000 into Bank of 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	+4.11%
2025	+5.95%
2024	+6.93%
2023	+6.26%
2022	+2.98%
2021	+2.22%
2020	+3.19%
2019	+5.25%
2018part	+2.84%

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

2,041

Expense ratio

2.82%

AUM

₹47.28Cr

Portfolio turnover

1165%

Exit load

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

P/E ratio

9.9

P/B ratio

2.1

Avg market cap

₹3,54,797Cr

P/E & P/B are portfolio-weighted harmonic means across 33 of 33 equity holdings (71% 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


Bank of India Arbitrage FundThis fund Bank of India · Regular · Growth	★☆☆☆☆	+5.57%	+6.11%	+5.35%	—	2.82%	₹47.28Cr
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 — 100% of the equity sleeve priced.

Large cap75.1%
Mid cap24.9%
Small cap0.0%

Asset allocation

As on 31 Aug 2026 · AMC disclosure

Equity71.14%
Other14.42%
Debt7.28%
Cash & Equivalents7.16%

Cash & cash-like: 18.07% — the 7.16% 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
JioBlackRock Arbitrage Fund Jio BlackRock · Arbitrage Fund	46.2% of 82% equity	—	1.99%	—
DSP Arbitrage fund DSP · Arbitrage Fund	43.7% of 69% equity	★★★☆☆	1.17%	+7.21%
TRUSTMF Arbitrage Fund Trust · Arbitrage Fund	42.6% of 77% equity	★★☆☆☆	1.42%	—
Parag Parikh Arbitrage Fund PPFAS · Arbitrage Fund	40.4% of 71% equity	★★☆☆☆	0.99%	—
HDFC Arbitrage Fund HDFC · Arbitrage Fund	40.1% of 75% equity	★★☆☆☆	1.50%	+7.29%
ICICI Prudential Equity Savings Fund ICICI Prudential · Equity Savings	40.1% of 74% equity	★★☆☆☆	1.12%	+6.70%
ICICI Prudential Arbitrage Fund ICICI Prudential · Arbitrage Fund	40.0% of 73% equity	★★★☆☆	1.63%	+7.31%
JM Arbitrage Fund JM Financial · Arbitrage Fund	39.9% 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.

Fund size over time

Quarterly average AUM · AMFI

₹47.28Cr

April - June 2026

-1%

since January - March 2026

−₹1.25Cr

est. net flow, last quarter

At or near its largest, ₹47.86Cr 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

Bank of India Mutual Fund is run by Bank of India Investment Managers, wholly owned by the bank since its former joint-venture partner AXA Investment Managers exited — the house was branded BOI AXA until then. It runs a compact equity, hybrid and debt line-up.

Launched

30 Mar 2008

Total AUM

₹15,446Cr+9.0% QoQ

Avg AUM · April - June 2026

Website

boimf.in

Fund Managers

FRFirdaus RaginaManaging since 01 Dec 2021

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

Top holdings

HDFC Bank Limited Canara Bank Tata Steel Limited Vedanta Limited Vodafone Idea Limited Steel Authority of India Limited ITC Limited Bank of Baroda Axis Bank Limited Kotak Mahindra Bank Limited Bharat Forge Limited Reliance Industries Limited

Bank of India 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 Bank of India Arbitrage Fund?

As of 05 Oct 2026, the NAV of Bank of India Arbitrage Fund is ₹14.75 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

What returns has Bank of India Arbitrage Fund delivered?

Bank of India Arbitrage Fund has returned +5.57% over 1 year, +6.11% per year over 3 years, +5.35% per year over 5 years and +4.78% 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 Bank of India Arbitrage Fund?

Bank of India Arbitrage Fund charges an expense ratio of 2.82% 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 Bank of India Arbitrage Fund?

Bank of India Arbitrage Fund's largest holdings are Bank of India Liquid Fund Direct Plan - Growth (14.4%), HDFC Bank Limited (6.2%), Canara Bank (5.1%), Tata Steel Limited (4.8%) and Vedanta Limited (4.4%). Holdings are disclosed monthly and change over time.

How risky is Bank of India Arbitrage Fund?

Bank of India Arbitrage Fund is rated moderately high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 1.2% and its worst peak-to-trough fall in our sample was -0.6%. 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 -0.33 mean?

The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. Bank of India Arbitrage Fund's -0.33 means it has not compensated investors for its volatility over the window. Higher is better.

What is the benchmark of Bank of India Arbitrage Fund?

Bank of India Arbitrage Fund is benchmarked against the NIFTY 50 Arbitrage Index. Its alpha and beta on this page are measured against that index.

Who manages Bank of India Arbitrage Fund?

Bank of India Arbitrage Fund is managed by Firdaus Ragina at Bank of India.

How is Bank of India Arbitrage Fund taxed?

Bank of 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.