HybridArbitrage FundRegularGrowthModerately High

ITI Arbitrage Fund

Q: What is the NAV of ITI Arbitrage Fund?

As of 20 Aug 2026, the NAV of ITI Arbitrage Fund is ₹13.80 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

Q: What returns has ITI Arbitrage Fund delivered?

ITI Arbitrage Fund has returned +5.66% over 1 year, +6.56% per year over 3 years, +5.30% per year over 5 years and +4.72% 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 ITI Arbitrage Fund?

ITI Arbitrage Fund charges an expense ratio of 1.81% 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 ITI Arbitrage Fund?

Its largest holdings are ITI Liquid Fund Direct - Growth (13.2%), HDFC Bank Ltd (5.8%), One 97 Communications Ltd (5.4%), Power Finance Corporation Ltd (5.2%) and Cummins India Ltd (4.9%). Holdings are disclosed monthly and change over time.

Q: How risky is ITI Arbitrage Fund?

It 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 -0.6%. 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 0.06 mean?

The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. ITI Arbitrage Fund's 0.06 means it has rewarded its volatility with excess return. Higher is better.

Q: What is the benchmark of ITI Arbitrage Fund?

ITI Arbitrage Fund is benchmarked against the NIFTY 50 Arbitrage Total Return Index . Its alpha and beta on this page are measured against that index.

Q: Who manages ITI Arbitrage Fund?

ITI Arbitrage Fund is managed by Rohan Korde and Vikas Nathani at ITI.

Q: 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.

ITI Mutual Fund · Best Arbitrage Mutual Funds

This is the Regular plan of ITI 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

₹13.80

+0.04% 1D

as of 20 Aug 2026

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NAV history

+5.71%CAGR

52-week rangePrev NAV ₹13.79

Latest ₹13.80

Low ₹13.0698th percentile of its 52-week rangeHigh ₹13.81

Scorecard

★★☆☆☆2/5 vs 27 of 37 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). 27 of the 37 Arbitrage Funds in this cohort carry the full record the stars need, so they are the ones ranked against.

PerformanceAverage

3Y CAGR +6.56% · ranks 17 of 37 Arbitrage Funds

RiskModerate

Volatility 1.1% vs 1.1% category avg

CostLow

1.8% 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

Low expense ratio (1.81%) vs the Arbitrage Fund average of 2.23%
Consistent — positive in 100% of rolling 3-year windows

Concerns

5-year return (+5.30%) trails the Arbitrage Fund average (+5.87%)

Key Metrics

Annual fee charged by the fund, already deducted from NAV

Category 2.23%

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

Category 17.38

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

0.06

Category -0.11▲0.17

Scheme Info

Definitions

Plan

Regular · Growth

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

Exit Load

Statutory levy on every mutual-fund purchase since 1 Jul 2020 (SEBI / Govt of India) — the same for every scheme

0.005%

SIP Inv.

Smallest recurring SIP instalment the scheme accepts

Smallest one-time (lumpsum) investment the scheme accepts

Benchmark

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.

12 Sep 2019

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

Definitions

Absolute return over the last 1 month (not annualized)

+0.45%

Absolute return over the last 3 months (not annualized)

+1.23%

Absolute return over the last 6 months (not annualized)

+2.58%

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

+3.52%

Annualized returns (≥1Y — CAGR)

Definitions

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

+5.66%

3-year annualized return (CAGR)

+6.56%

5-year annualized return (CAGR)

+5.30%

10-year annualized return (CAGR)

—

Annualized return (CAGR) since the fund's inception

+4.72%

Advanced metrics — risk

Risk (trailing 3Y)

Definitions

Annualized standard deviation of daily returns

1.05%

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

0.06

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

0.08

Largest peak-to-trough decline over full history

-0.62%

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	+0.45%	+0.49%	-0.04%
3M abs	+1.23%	+1.50%	-0.27%
6M abs	+2.58%	+2.78%	-0.20%
1Y CAGR	+5.66%	+5.79%	-0.13%
3Y CAGR	+6.56%	+6.57%	-0.01%
5Y CAGR	+5.30%	+5.87%	-0.57%

Category average across peers in Arbitrage Fund (up to 37 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 37 peers in Arbitrage Fund

1Y return

+5.66%

Beats 25% · rank #25

3Y return

+6.56%

Beats 33.3% · rank #17

5Y return

+5.30%

Beats 10% · rank #19

Sharpe

0.06

Beats 46.9% · rank #18

Sortino

0.08

Beats 46.9% · rank #18

Rolling returns

Return for every possible 1Y holding period, not just today’s

Average

+4.7%

Median

+5.1%

Best

+7.7%

Worst

+1.9%

Positive periods

100.0%

72 overlapping 1Y windows, sampled monthly across the fund’s history.

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

₹6.97L

Absolute

+16.12%

XIRR

+6.11%

Value vs. invested

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	+3.49%
2025	+6.55%
2024	+7.24%
2023	+6.35%
2022	+2.44%
2021	+2.38%
2020	+3.08%
2019part	+1.32%

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

1,710

Expense ratio

AUM

Portfolio turnover

Exit load

P/E ratio

P/B ratio

Avg market cap

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


ITI Arbitrage FundThis fund ITI	★★☆☆☆	+5.66%	+6.56%	+5.30%	16.43	1.81%	₹82.74Cr
Kotak Arbitrage Fund Kotak Mahindra	★★★★☆	+5.99%	+6.91%	+6.23%	18.35	2.98%	₹70,783Cr
UTI - Arbitrage Fund UTI	★★★★★	+5.98%	+6.87%	+6.05%	17.67	1.85%	₹10,939Cr
Invesco India Arbitrage Fund Invesco	★★★★☆	+6.00%	+6.81%	+6.26%	16.24	2.97%	₹27,818Cr
HDFC Arbitrage Fund HDFC	★★★☆☆	+6.00%	+6.80%	+6.02%	17.67	2.11%	₹24,544Cr
ICICI Prudential Arbitrage Fund ICICI Prudential	★★★★☆	+5.97%	+6.80%	+6.06%	15.62	2.15%	₹32,407Cr

Market-cap allocation · AMFI bands, Jul 2026

Equity holdings by company size — 100% of the equity sleeve priced.

Large cap54.8%
Mid cap38.5%
Small cap6.7%

Fund size over time

Quarterly average AUM · AMFI

₹82.74Cr

April - June 2026

+52%

since January - March 2026

At 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.

ITI 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 ITI Arbitrage Fund?

As of 20 Aug 2026, the NAV of ITI Arbitrage Fund is ₹13.80 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 +5.66% over 1 year, +6.56% per year over 3 years, +5.30% per year over 5 years and +4.72% 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 1.81% 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?

Its largest holdings are ITI Liquid Fund Direct - Growth (13.2%), HDFC Bank Ltd (5.8%), One 97 Communications Ltd (5.4%), Power Finance Corporation Ltd (5.2%) and Cummins India Ltd (4.9%). Holdings are disclosed monthly and change over time.

How risky is ITI Arbitrage Fund?

It 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 -0.6%. 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 0.06 mean?

The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. ITI Arbitrage Fund's 0.06 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 Total Return Index . Its alpha and beta on this page are measured against that index.

Who manages ITI Arbitrage Fund?

ITI Arbitrage Fund is managed by Rohan Korde and Vikas Nathani 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.