FoFFoF DomesticDirectGrowthVery High

Axis Income Plus Arbitrage Omni FOF

Q: What is the NAV of Axis Income Plus Arbitrage Omni FOF?

As of 01 Oct 2026, the NAV of Axis Income Plus Arbitrage Omni FOF is ₹15.75 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

Q: What returns has Axis Income Plus Arbitrage Omni FOF delivered?

Axis Income Plus Arbitrage Omni FOF has returned +5.74% over 1 year, +7.80% per year over 3 years, +6.61% per year over 5 years and +7.04% 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 Axis Income Plus Arbitrage Omni FOF?

Axis Income Plus Arbitrage Omni FOF charges an expense ratio of 0.06% 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 Axis Income Plus Arbitrage Omni FOF?

Axis Income Plus Arbitrage Omni FOF's largest holdings are Axis Corporate Bond Fund - Direct Plan Growth (39.8%), Axis Arbitrage Fund Direct Plan Growth (23.5%), Aditya Birla Sun Life Arbitrage Fund - Growth - Direct Plan (13.4%), Nippon India Corporate Bond Fund - Direct Plan-Growth Plan (13.3%) and Aditya Birla SL Corp Bond Fund(G)-Direct Plan (2.5%). Holdings are disclosed monthly and change over time.

Q: How risky is Axis Income Plus Arbitrage Omni FOF?

Axis Income Plus Arbitrage Omni FOF is rated very high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 1.6% and its worst peak-to-trough fall in our sample was -2.7%. 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 0.79 mean?

The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. Axis Income Plus Arbitrage Omni FOF's 0.79 means it has rewarded its volatility with excess return. Higher is better.

Q: What is the benchmark of Axis Income Plus Arbitrage Omni FOF?

Axis Income Plus Arbitrage Omni FOF is benchmarked against the 65% NIFTY Composite Debt Index +35% Nifty 50 Arbitrage TRI. Its alpha and beta on this page are measured against that index.

Q: Who manages Axis Income Plus Arbitrage Omni FOF?

Axis Income Plus Arbitrage Omni FOF is managed by Devang Shah, Hardik Shah and Anagha Darade at Axis.

Q: How is Axis Income Plus Arbitrage Omni FOF taxed?

Axis Income Plus Arbitrage Omni FOF is a debt / non-equity fund. Since April 2023 there is no long-term or indexation benefit — capital gains are added to your income and taxed at your income-tax slab rate regardless of how long you held the units.

Axis Mutual Fund · Best Domestic Fund of Funds

NAV

₹15.75

-0.01% 1D

as of 01 Oct 2026

This is the Direct plan of Axis Income Plus Arbitrage Omni FOF — 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.

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NAV history

+5.84%CAGR

52-week rangePrev NAV ₹15.75

Latest ₹15.75

Low ₹14.8999th percentile of its 52-week rangeHigh ₹15.76

Scorecard

★★☆☆☆2/5 vs 75 of 155 FoF Domestic 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 FoF Domestic (same plan and option). 75 of the 155 FoF Domestic funds in this cohort carry the full record the stars need, so they are the ones ranked against.

PerformanceBelow avg

3Y CAGR +7.80% · ranks 59 of 75 FoF Domestic funds

RiskLow

Volatility 1.6% vs 17.8% category avg

CostLow

0.1% expense vs 0.2% 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

Stronger risk-adjusted returns — Sharpe 0.79 vs 0.71 FoF Domestic average
Less volatile than its FoF Domestic peers (1.6% vs 17.8%)
Low expense ratio (0.06%) vs the FoF Domestic average of 0.24%
Consistent — positive in 100% of rolling 3-year windows

Concerns

1-year return (+5.74%) trails the FoF Domestic average (+12.31%)
3-year return (+7.80%) trails the FoF Domestic average (+19.92%)
5-year return (+6.61%) trails the FoF Domestic average (+13.25%)

Key Metrics

Annual fee charged by the fund, already deducted from NAV

0.06%

Category 0.24%▼0.18%

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

—

Category —

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

0.79

Category 0.71▲0.08

Scheme Info

Definitions

Plan

Direct · Growth

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

None

Exit Load

None

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

₹100

Smallest one-time (lumpsum) investment the scheme accepts

₹100

65% NIFTY Composite Debt Index +35% Nifty 50 Arbitrage TRI

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.

31 Jan 2020

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

Definitions

Absolute return over the last 1 month (not annualized)

+0.20%

Absolute return over the last 3 months (not annualized)

+0.86%

Absolute return over the last 6 months (not annualized)

+3.24%

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

+4.17%

Annualized returns (≥1Y — CAGR)

Definitions

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

+5.74%

3-year annualized return (CAGR)

+7.80%

5-year annualized return (CAGR)

+6.61%

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.

+7.04%

Advanced metrics — risk

Risk (trailing 3Y)

Definitions

Annualized standard deviation of daily returns

1.64%

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

0.79

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

1.12

Largest peak-to-trough decline over full history

-2.75%

Benchmark ratios

Not shown for FoF Domestic — 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 (FoF Domestic)

Period	Fund	Category avg.	Diff
1M abs	+0.20%	-3.42%	+3.62%
3M abs	+0.86%	-1.37%	+2.23%
6M abs	+3.24%	+4.90%	-1.66%
1Y CAGR	+5.74%	+12.31%	-6.57%
3Y CAGR	+7.80%	+19.92%	-12.12%
5Y CAGR	+6.61%	+13.25%	-6.64%

Category average across peers in FoF Domestic (154 of 155 carry a figure for at least one period), 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 155 peers in FoF Domestic

1Y return

+5.74%

Beats 57.3% · rank #51

3Y return

+7.80%

Beats 21.6% · rank #59

5Y return

+6.61%

Beats 19.2% · rank #43

Sharpe

0.79

Beats 58.1% · rank #32

Sortino

1.12

Beats 59.5% · rank #31

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

₹7.16L

Absolute

+19.31%

XIRR

+7.22%

Value vs. invested

ValueInvested

60 monthly installments of ₹10,000 into Axis Income Plus Arbitrage Omni FOF, 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	+4.17%
2025	+8.19%
2024	+9.07%
2023	+7.03%
2022	+3.91%
2021	+5.22%
2020part	+9.43%

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

1,618

Expense ratio

0.06%

Exit load

Nil

Taxation

Taxed as debt

This is a debt / non-equity fund. Since April 2023 there is no long-term or indexation benefit — every rupee of gain is added to your income and taxed at your income-tax slab rate, whatever the holding period.

Any holding period

30%

Short- and long-term alike

Your income-tax slab — no LTCG or indexation benefit

Your income-tax slab

Pick your slab to see the rate that applies to you.

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 · FoF Domestic

Compare all


Axis Income Plus Arbitrage Omni FOFThis fund Axis · Direct · Growth	★★☆☆☆	+5.74%	+7.80%	+6.61%	—	0.06%	—
Mirae Asset NYSE FANG + ETF Fund of Fund Mirae Asset · Direct · Growth	★★★★★	+46.31%	+59.01%	+36.50%	—	0.04%	₹2,418Cr
Mirae Asset S&P 500 Top 50 ETF Fund of Fund Mirae Asset · Direct · Growth	★★★★★	+48.18%	+46.49%	+29.85%	—	0.04%	—
Axis Silver Fund of Fund Axis · Direct · Growth	★★★★★	+51.54%	+46.04%	—	—	0.14%	₹1,209Cr
Nippon India Silver ETF FOF Nippon India · Direct · Growth	★★★★☆	+49.82%	+45.66%	—	—	0.22%	₹4,544Cr
Kotak Silver ETF Fund of Fund Kotak Mahindra · Direct · Growth	★★★★☆	+51.52%	+45.48%	—	—	0.28%	₹981.83Cr

Asset allocation

As on 31 Aug 2026 · AMC disclosure

Other97.57%
Cash & Equivalents2.42%

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.

Launched

03 Sep 2009

Total AUM

₹3,69,030Cr+2.6% QoQ

Avg AUM · April - June 2026

Website

axismf.com

Fund Managers

DSDevang ShahManaging since 01 Feb 2023

HSHardik ShahManaging since 05 Apr 2024

Role

Fund Manager – Fixed Income

Education

MBA (Finance), B.E(I.T)

Experience

15 years, his last 10 • Axis Asset Management Company Ltd (January 2022 – Present) • SBI LIFE Insurance Co. Ltd. (June 2020 – January 2022) • Nippon India Asset Management Co. Ltd. ( erst. Reliance Mutual Fund) ( July 2013 – June 2020) Quantum Mutual Fund (Nov 2009 – July 2013) 28

Funds managed (14)

All schemes Hardik Shah runs →

ADAnagha DaradeManaging since 05 Apr 2024

Fund managers from the AMC's filed Scheme Summary — its most recent filing for this scheme. 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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Fund managers

Devang Shah Hardik Shah

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.

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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.

Frequently asked questions

What is the NAV of Axis Income Plus Arbitrage Omni FOF?

As of 01 Oct 2026, the NAV of Axis Income Plus Arbitrage Omni FOF is ₹15.75 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

What returns has Axis Income Plus Arbitrage Omni FOF delivered?

Axis Income Plus Arbitrage Omni FOF has returned +5.74% over 1 year, +7.80% per year over 3 years, +6.61% per year over 5 years and +7.04% 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 Income Plus Arbitrage Omni FOF?

Axis Income Plus Arbitrage Omni FOF charges an expense ratio of 0.06% 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 Income Plus Arbitrage Omni FOF?

Axis Income Plus Arbitrage Omni FOF's largest holdings are Axis Corporate Bond Fund - Direct Plan Growth (39.8%), Axis Arbitrage Fund Direct Plan Growth (23.5%), Aditya Birla Sun Life Arbitrage Fund - Growth - Direct Plan (13.4%), Nippon India Corporate Bond Fund - Direct Plan-Growth Plan (13.3%) and Aditya Birla SL Corp Bond Fund(G)-Direct Plan (2.5%). Holdings are disclosed monthly and change over time.

How risky is Axis Income Plus Arbitrage Omni FOF?

Axis Income Plus Arbitrage Omni FOF is rated very high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 1.6% and its worst peak-to-trough fall in our sample was -2.7%. 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 0.79 mean?

The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. Axis Income Plus Arbitrage Omni FOF's 0.79 means it has rewarded its volatility with excess return. Higher is better.

What is the benchmark of Axis Income Plus Arbitrage Omni FOF?

Axis Income Plus Arbitrage Omni FOF is benchmarked against the 65% NIFTY Composite Debt Index +35% Nifty 50 Arbitrage TRI. Its alpha and beta on this page are measured against that index.

Who manages Axis Income Plus Arbitrage Omni FOF?

Axis Income Plus Arbitrage Omni FOF is managed by Devang Shah, Hardik Shah and Anagha Darade at Axis.

How is Axis Income Plus Arbitrage Omni FOF taxed?

Axis Income Plus Arbitrage Omni FOF is a debt / non-equity fund. Since April 2023 there is no long-term or indexation benefit — capital gains are added to your income and taxed at your income-tax slab rate regardless of how long you held the units.