HDFC Income Plus Arbitrage Omni FOF
This is the Direct plan of HDFC 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.
NAV history
Scorecard
Not ratedHow 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. Not rated — this fund has no full year of NAV history yet. A rating needs at least a 1-year return to rank its performance against peers.
Not enough FoF Domestic peers to rank yet
Volatility 1.0% vs 17.8% category avg
0.1% expense vs 0.2% category avg
Not enough history for a rolling 3Y view
Strengths & concerns
Generated from this fund's own numbers against its sub-category — each point names the figure behind it.
Strengths
- Less volatile than its FoF Domestic peers (1.0% vs 17.8%)
- Low expense ratio (0.06%) vs the FoF Domestic average of 0.24%
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 (FoF Domestic)
| Period | Fund | Category avg. | Diff |
|---|---|---|---|
| 1M abs | +0.20% | -3.23% | +3.43% |
| 3M abs | +1.34% | -0.20% | +1.54% |
| 6M abs | +4.05% | +3.75% | +0.30% |
| 1Y CAGR | — | +12.11% | — |
| 3Y CAGR | — | +19.22% | — |
| 5Y CAGR | — | +13.20% | — |
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.
Backtest this fund
What a SIP or one-time investment would have grown to over this fund’s real NAV history.
6 monthly installments of ₹10,000 into HDFC Income Plus Arbitrage Omni FOF, valued at the latest NAV. XIRR annualizes for each installment’s timing.
Taxation
Taxed as debtThis 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.
Your income-tax slab — no LTCG or indexation benefit
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.
Asset allocation
As on 31 Aug 2026 · AMC disclosure- Other99.68%
- Cash & Equivalents0.32%
AMC Profile
HDFC Mutual Fund is run by HDFC Asset Management, part of the HDFC Bank group and listed on the exchanges since 2018. It has been in business since 1999, absorbed Zurich India's schemes in 2003, and is consistently among the two or three largest fund houses by assets.
Fund Managers
BDBhavyesh DivechaManaging since 12 Mar 2026
15 years
• CFA - L3 (CFA Institute, USA), • PGDM (IIM - Ahmedabad), • B.E. Computers,(Mumbai University) • B.Text, • M.S. MBA
February 6, 2017 till date HDFC Asset Management Company Limited April 1, 2014 to February 2, 2017 L&T Investment Management Limited Last Position Held - Credit Analyst January 4, 2010 to March 28, 2014 ICRA Limited Last Position Held - Senior Analyst April 20, 2009 to December 24, 2009 FinIQ Consulting Private Limited Last Position Held - Financial Engineer July 20, 2005 to May 31, 2007 Tata Consultancy Services Limited Last Position Held - Asst. System Engineer
PJPraveen JainManaging since 12 Mar 2026
Co-Fund Manager, Senior Credit Analyst and Fixed Income Dealer (Backup)
• B.Com. (Hons.), • Chartered Accountant, • CFA (CFA Institute)
Collectively over 20 years experience in Credit Research and Treasury • September 26, 2007 till Date: HDFC Asset Management Company Limited
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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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.
From the blog
Frequently asked questions
What is the NAV of HDFC Income Plus Arbitrage Omni FOF?
As of 01 Oct 2026, the NAV of HDFC Income Plus Arbitrage Omni FOF is ₹10.41 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.
What returns has HDFC Income Plus Arbitrage Omni FOF delivered?
HDFC Income Plus Arbitrage Omni FOF has returned +4.11% 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 HDFC Income Plus Arbitrage Omni FOF?
HDFC 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 HDFC Income Plus Arbitrage Omni FOF?
HDFC Income Plus Arbitrage Omni FOF's largest holdings are HDFC Credit Risk Fund - Growth Option - Direct Plan (59.8%), HDFC ARBITRAGE FUND - Direct Plan - Growth Option (36.5%) and HDFC CRISIL-IBX Financial Services 3-6 Months Debt Index Fund - Direct Plan - Growth Option (3.4%). Holdings are disclosed monthly and change over time.
How risky is HDFC Income Plus Arbitrage Omni FOF?
HDFC Income Plus Arbitrage Omni FOF is rated very high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 1.0% and its worst peak-to-trough fall in our sample was -0.2%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.
What is the benchmark of HDFC Income Plus Arbitrage Omni FOF?
HDFC Income Plus Arbitrage Omni FOF is benchmarked against the 40% NIFTY 50 Arbitrage Index (TRI) + 60% NIFTY Short Duration Debt Index. Its alpha and beta on this page are measured against that index.
Who manages HDFC Income Plus Arbitrage Omni FOF?
HDFC Income Plus Arbitrage Omni FOF is managed by Bhavyesh Divecha and Praveen Jain at HDFC.
How is HDFC Income Plus Arbitrage Omni FOF taxed?
HDFC 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.