ITI Arbitrage Fund
This is the Direct plan of ITI 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
★★☆☆☆2/5 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 +7.28% · ranks 13 of 26 Arbitrage Funds
Volatility 1.2% vs 1.3% category avg
1.1% 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
- Low expense ratio (1.10%) vs the Arbitrage Fund average of 1.51%
- 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 | +0.32% | +0.25% | +0.07% |
| 3M abs | +1.49% | +1.50% | -0.01% |
| 6M abs | +2.79% | +3.17% | -0.38% |
| 1Y CAGR | +6.52% | +6.58% | -0.06% |
| 3Y CAGR | +7.28% | +7.19% | +0.09% |
| 5Y CAGR | +6.20% | +6.66% | -0.46% |
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 ITI 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 | +4.67% | |
| 2025 | +7.32% | |
| 2024 | +8.03% | |
| 2023 | +7.15% | |
| 2022 | +3.23% | |
| 2021 | +3.15% | |
| 2020 | +3.85% | |
| 2019part | +1.55% |
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- Equity68.53%
- Cash & Equivalents16.30%
- Other15.17%
Fund size over time
Quarterly average AUM · AMFIAt or near its largest, ₹82.74Cr 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.
AMC Profile
ITI Mutual Fund is run by ITI Asset Management, part of the Investment Trust of India group. It launched its first schemes in 2019 and runs a mix of equity, hybrid and debt funds.
Fund Managers
VNVikas NathaniManaging since 01 Jan 2024
Equity Fund Manager & Senior Dealer – Equity
19 Years
M.Com., DBF
Mr. Vikas joined ITI AMC in May Derivatives Trade. Past experience - Prior to joining ITI AMC, he was associated with SBICAP Securities Limited from April 2009 till May 2021 wherein he was responsible for handling and executing orders for Institutional clients.
ASAnimesh SinghManaging since 08 May 2026
Fund Manager
Post Graduate Diploma in Management. Bachelor of Honours - (Economics) CFA – USA Certification
Mr. Animesh Singh is an investment management professional with over 20 years of experience in portfolio management, equity research, and investment advisory services. Prior to Joinig ITI AMC, he served as Director – Investment & Portfolio Manager at Julius Baer Wealth Advisory, where he managed Alternative Investment Fund (AIF) portfolios and advised clients on investment strategies across asset classes. Prior to this, he held senior roles at Centrum Wealth and Nippon Life India Asset Management, managing equity advisory portfolios, PMS mandates, and institutional investment portfolios. He began his career in equity research and credit analysis, covering sectors such as telecom, media, FMCG, and automobiles.
LBLaukik BagweManaging since 01 Feb 2025
Fund Manager Income
SMP, Leadership and General Management Program, management Information System-IIM Calcutta. PGDBA, Finance & Marketing- ICFAI Business School B.com, International Business/ Trade/Commerce -Mumbai University.
Mr. Laukik Bagwe joined ITI Mutual Fund in February 2025 and has over 25 years of experience in capital markets. Banking & PSU Debt Fund, Past experience - Prior to joining ITI ITI Dynamic AMC, he acted as Fund Manager- Fixed Income of DSP Asset Managers Pvt Ltd (November 2007 – January 2025)
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.
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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.
From the blog
Frequently asked questions
What is the NAV of ITI Arbitrage Fund?
As of 01 Oct 2026, the NAV of ITI Arbitrage Fund is ₹14.63 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.
What returns has ITI Arbitrage Fund delivered?
ITI Arbitrage Fund has returned +6.52% over 1 year, +7.28% per year over 3 years, +6.20% per year over 5 years and +5.51% 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 ITI Arbitrage Fund?
ITI Arbitrage Fund charges an expense ratio of 1.10% 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 ITI Arbitrage Fund?
ITI Arbitrage Fund's largest holdings are ITI Liquid Fund - Direct Plan - Growth Option (15.2%), One 97 Communications Limited (9.3%), HDFC Bank Limited (5.8%), Cummins India Limited (5.0%) and Power Finance Corporation Limited (4.7%). Holdings are disclosed monthly and change over time.
How risky is ITI Arbitrage Fund?
ITI 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 0.65 mean?
The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. ITI Arbitrage Fund's 0.65 means it has rewarded its volatility with excess return. Higher is better.
What is the benchmark of ITI Arbitrage Fund?
ITI Arbitrage Fund is benchmarked against the Nifty 50 Arbitrage Index. Its alpha and beta on this page are measured against that index.
Who manages ITI Arbitrage Fund?
ITI Arbitrage Fund is managed by Vikas Nathani, Animesh Singh and Laukik Bagwe at ITI.
How is ITI Arbitrage Fund taxed?
ITI 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.