HybridArbitrage FundDirectIDCWModerately High

Helios Arbitrage Fund

Q: What is the NAV of Helios Arbitrage Fund?

As of 01 Oct 2026, the NAV of Helios Arbitrage Fund is ₹10.31 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

Q: What returns has Helios Arbitrage Fund delivered?

Helios Arbitrage Fund has returned +3.00% 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 Helios Arbitrage Fund?

Helios Arbitrage Fund charges an expense ratio of 1.76% 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 Helios Arbitrage Fund?

Helios Arbitrage Fund's largest holdings are HDFC Bank Ltd. (6.1%), Axis Bank Ltd. (5.9%), Life Insurance Corporation of India (5.8%), Eicher Motors Ltd. (4.8%) and Tata Steel Ltd. (4.7%). Holdings are disclosed monthly and change over time.

Q: How risky is Helios Arbitrage Fund?

Helios Arbitrage Fund is rated moderately high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 2.1% and its worst peak-to-trough fall in our sample was -0.5%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.

Q: What is the benchmark of Helios Arbitrage Fund?

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

Q: Who manages Helios Arbitrage Fund?

Helios Arbitrage Fund is managed by Alok Bahl and Pratik Singh at Helios.

Q: How is Helios Arbitrage Fund taxed?

Helios 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.

Helios Mutual Fund · Best Arbitrage Mutual Funds

NAV

₹10.31

+0.10% 1D

as of 01 Oct 2026

This is the Direct plan of Helios Arbitrage Fund — bought from the fund house, with no distributor commission in its expense ratio. Income is distributed, which is why this NAV sits below the growth plan of the same fund.

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NAV history

+3.00%absolute

52-week rangePrev NAV ₹10.30

Latest ₹10.31

Low ₹10.01100th percentile of its 52-week rangeHigh ₹10.31

Key Metrics

Annual fee charged by the fund, already deducted from NAV

1.76%

Category —

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

13.43

Category —

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

—

Category —

Scheme Info

Definitions

Plan

Direct · IDCW

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

None

(i) If units redeemed or switched out within 7 days from the date of allotment – 0.25% of the applicable NAV (ii) If redeemed/switched out after 7 days from the date of allotment – Nil

Up to 0.25%

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 Total Return Index(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.

23 Mar 2026

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

Definitions

Absolute return over the last 1 month (not annualized)

+0.19%

Absolute return over the last 3 months (not annualized)

+1.38%

Absolute return over the last 6 months (not annualized)

+2.89%

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

+3.00%

Annualized returns (≥1Y — CAGR)

Definitions

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

—

3-year annualized return (CAGR)

—

5-year annualized return (CAGR)

—

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.

+3.00%

Advanced metrics — risk

Risk (trailing 3Y)

Definitions

Annualized standard deviation of daily returns

2.08%

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

—

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

—

Largest peak-to-trough decline over full history

-0.49%

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	+0.19%	—	—
3M abs	+1.38%	—	—
6M abs	+2.89%	—	—
1Y CAGR	—	—	—
3Y CAGR	—	—	—
5Y CAGR	—	—	—

Category average across peers in Arbitrage Fund, 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.

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

₹60.00K

Current value

₹60.69K

Absolute

+1.15%

XIRR

+5.60%

Value vs. invested

ValueInvested

6 monthly installments of ₹10,000 into Helios Arbitrage Fund, valued at the latest NAV. XIRR annualizes for each installment’s timing.

Recent changes

Expense-ratio, fund-manager, exit-load and minimum-investment changes we've picked up in the last 30 days.

Expense ratio down: 1.88% → 1.76%
02 Oct 2026

History points

132

Expense ratio

1.76%

AUM

₹94.99Cr

Portfolio turnover

544%

Exit load

(i) If units redeemed or switched out within 7 days from the date of allotment – 0.25% of the applicable NAV (ii) If redeemed/switched out after 7 days from the date of allotment – Nil

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

P/E ratio

13.4

P/B ratio

2.5

Avg market cap

₹4,40,842Cr

P/E & P/B are portfolio-weighted harmonic means across 28 of 29 equity holdings (69% 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


Helios Arbitrage FundThis fund Helios · Direct · IDCW	—	—	—	—	—	1.76%	₹94.99Cr
Tata Arbitrage Fund Tata · Direct · Monthly IDCW	—	+6.77%	+7.47%	+6.91%	—	1.57%	₹22,684Cr
Tata Arbitrage Fund Tata · Direct · Monthly IDCW	—	+6.77%	+7.47%	+6.91%	—	1.57%	₹22,684Cr
Invesco India Arbitrage Fund Invesco · Direct · IDCW	—	+6.88%	+7.46%	+7.08%	—	2.20%	₹27,818Cr
Edelweiss Arbitrage Fund Edelweiss · Direct · IDCW	—	+6.67%	+7.39%	+6.90%	—	1.58%	₹14,863Cr
Mirae Asset Arbitrage Fund Mirae Asset · Direct · IDCW	—	+6.76%	+7.37%	+6.74%	—	2.48%	₹3,657Cr

Market-cap allocation · AMFI bands, Jul 2026

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

Large cap86.5%
Mid cap10.9%
Small cap2.6%

Asset allocation

As on 31 Aug 2026 · AMC disclosure

Equity70.77%
Debt21.46%
Cash & Equivalents7.77%

Cash & cash-like: 21.46% — the 7.77% 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	45.9% of 82% equity	—	1.99%	—
TRUSTMF Arbitrage Fund Trust · Arbitrage Fund	45.7% of 77% equity	★★☆☆☆	1.42%	—
Mahindra Manulife Arbitrage Fund Mahindra Manulife · Arbitrage Fund	45.5% of 70% equity	★☆☆☆☆	1.16%	+6.40%
Parag Parikh Arbitrage Fund PPFAS · Arbitrage Fund	45.5% of 71% equity	★★☆☆☆	0.99%	—
Groww Arbitrage Fund Groww · Arbitrage Fund	45.1% of 75% equity	—	1.86%	—
LIC MF Arbitrage Fund LIC · Arbitrage Fund	45.1% of 68% equity	★★★☆☆	1.04%	+7.10%
Zerodha Arbitrage Fund Zerodha · Arbitrage Fund	44.5% of 68% equity	—	2.31%	—
Invesco India Arbitrage Fund Invesco · Arbitrage Fund	41.1% of 78% equity	★★★★★	2.20%	+7.46%

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

₹94.99Cr

April - June 2026

+1784%

since January - March 2026

At or near its largest, ₹94.99Cr 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

Helios Mutual Fund is run by Helios Capital Asset Management, founded by Samir Arora, the long-time India manager behind Helios Capital's offshore funds. It entered the domestic mutual fund business with a flexi-cap scheme and has kept a compact equity line-up since.

Launched

20 May 2021

Total AUM

₹11,103Cr+18.1% QoQ

Avg AUM · April - June 2026

Website

heliosmf.in

Fund Managers

ABAlok BahlStart date not disclosed

Role

Chief Investment Officer

Education

B.Com (Punjab University) PGCFM (K.C. College of Management) PGCBM (XLRI, Jamshedpur) MBA in Finance

Experience

Over 33 years of experience. Helios Capital Asset Manage - ment (India) Private Limited (April 2023 to present) – Chief Investment Officer. Helios Capital Management Pte. Limited, Singapore (May 2005 to March 2023) – Head of Trading. Prior to joining Helios, Alok worked in India with various sell side firms in sales for over

Funds managed (7)

All schemes Alok Bahl runs →

PSPratik SinghStart date not disclosed

Role

Fund Manager Equities

Education

MBA in Finance from Welingkar Institute, Mumbai BE (Mechanical) from University of Pune.

Experience

Over 10 years of experience. 0.92 years Helios Capital Asset Management (India) Private Limited (February 2024 to present) – Fund Manager - Equities. Helios Capital Asset Management (India) Private Limited (December 2021 to January 2024) – Research Analyst. Motilal Oswal Institutional Equities [September 2019 to November 2021] - Senior Manager – Research. Haitong Securities India [September 2017 to August 2019] - Research Associate. Nirmal Bang Institutional Equities [September 2016 to August 2017] - Research Associate.

Funds managed (6)

All schemes Pratik Singh runs →

Fund manager, benchmark and dealing terms from 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

Fund managers

Alok Bahl Pratik Singh

Top holdings

HDFC Bank Ltd.Axis Bank Ltd.Life Insurance Corporation of India Eicher Motors Ltd.Tata Steel Ltd.State Bank of India Canara Bank Larsen & Toubro Ltd.Ashok Leyland Ltd.Jindal Steel Ltd.ICICI Bank Ltd.Reliance Industries Ltd.

Helios 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 Helios Arbitrage Fund?

As of 01 Oct 2026, the NAV of Helios Arbitrage Fund is ₹10.31 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

What returns has Helios Arbitrage Fund delivered?

Helios Arbitrage Fund has returned +3.00% 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 Helios Arbitrage Fund?

Helios Arbitrage Fund charges an expense ratio of 1.76% 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 Helios Arbitrage Fund?

Helios Arbitrage Fund's largest holdings are HDFC Bank Ltd. (6.1%), Axis Bank Ltd. (5.9%), Life Insurance Corporation of India (5.8%), Eicher Motors Ltd. (4.8%) and Tata Steel Ltd. (4.7%). Holdings are disclosed monthly and change over time.

How risky is Helios Arbitrage Fund?

Helios Arbitrage Fund is rated moderately high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 2.1% and its worst peak-to-trough fall in our sample was -0.5%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.

What is the benchmark of Helios Arbitrage Fund?

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

Who manages Helios Arbitrage Fund?

Helios Arbitrage Fund is managed by Alok Bahl and Pratik Singh at Helios.

How is Helios Arbitrage Fund taxed?

Helios 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.