Groww Arbitrage Fund
This is the Direct plan of Groww 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
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 Arbitrage Fund peers to rank yet
Volatility 3.3% vs 1.2% category avg
1.9% expense vs 1.5% 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
No standout strengths identified.
Concerns
- More volatile than its Arbitrage Fund peers (3.3% vs 1.2%)
- High expense ratio (1.86%) vs the Arbitrage Fund average of 1.49%
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 | +0.79% | +0.72% | +0.07% |
| 3M abs | +1.54% | +1.57% | -0.03% |
| 6M abs | — | +3.18% | — |
| 1Y CAGR | — | +6.65% | — |
| 3Y CAGR | — | +7.20% | — |
| 5Y CAGR | — | +6.66% | — |
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.
Backtest this fund
What a SIP or one-time investment would have grown to over this fund’s real NAV history.
5 monthly installments of ₹10,000 into Groww 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 up: 1.72% → 1.86%02 Oct 2026
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- Equity75.11%
- Other24.26%
- Cash & Equivalents0.64%
Cash & cash-like: 24.26% — the 0.64% above plus treasury bills, certificates of deposit, commercial paper and TREPS, which the allocation files under Debt but the market counts as cash-equivalent.
AMC Profile
Groww Mutual Fund is the asset management arm of the Groww investing platform, which acquired Indiabulls Mutual Fund in 2023 and rebranded it. The house leans towards low-cost index and passive schemes alongside a small active line-up.
Fund Managers
SKShashi KumarStart date not disclosed
PGDBM & BBA
Mr. Shashi Kumar has an overall 18 years of experience in the Insurance Sector. Prior to joining Groww Asset Management Ltd., he was associated with Bharti Axa Life Co. Ltd. & Canara HSBC Life Insurance Co. Ltd.
- Groww BSE Hospitals ETF
- Groww BSE Hospitals ETF FOF
- Groww BSE Power ETF
- Groww BSE Power ETF FOF
- Groww Nifty 200 ETF
- Groww Nifty 200 ETF FOF
- Groww Nifty 50 ETF
- Groww Nifty 50 Index Fund
- Groww Nifty 500 Low Volatility 50 ETF
- Groww Nifty 500 Momentum 50 ETF FOF
- Groww Nifty Capital Markets ETF
- Groww Nifty Capital Markets ETF FOF
- Groww Nifty Cements ETF
- Groww Nifty Chemicals ETF
- Groww Nifty EV & New Age Automotive ETF
- Groww Nifty EV & New Age Automotive ETF FOF
- Groww Nifty India Defence ETF
- Groww Nifty India Defence ETF FOF
- Groww Nifty India Internet ETF
- Groww Nifty India Internet ETF FOF
- Groww Nifty India Railways PSU ETF
- Groww Nifty India Railways PSU Index Fund
- Groww Nifty Metal ETF
- Groww Nifty Non-Cyclical Consumer Index Fund
- Groww Nifty Private Bank ETF
- Groww Nifty Private Bank Index Fund
- Groww Nifty PSE ETF
- Groww Nifty PSE ETF FOF
- Groww Nifty PSU Bank ETF
- Groww Nifty PSU Bank Index Fund
- Groww Nifty Realty ETF
- Groww Nifty Smallcap 250 Index Fund
- Groww Nifty Smallcap 250 Momentum Quality 100 ETF
- Groww Nifty Smallcap 250 Momentum Quality 100 Index Fund
- Groww Nifty Total Market Index Fund
- Groww Nifty 500 Momentum 50 ETF
- Groww Nifty Next 50 ETF
- Groww Nifty Next 50 Index Fund - Direct Plan - Growth
- Groww Nifty Smallcap 250 ETF
WGWilfred Peter GonsalvesStart date not disclosed
CA, B. Com from Mumbai University
Wilfred has over 7 years of experience in Investment Management, with a strong background in credit analysis, macroeconomics, fixed income, and gold. At Whiteoak Capital, where he worked for 1.5 years, Wilfred specialized as a dealer in Fixed Income securities and supported Gold ETF units trading. Prior to this, he served as a Fixed Income Dealer at Edelweiss Tokio Life Insurance for 3 years, where his responsibilities included Fixed Income trading and portfolio management. Additionally, at L&T Finance, Wilfred was part of the Deal Origination team for 2 years, conducting in-depth credit analysis to support investment decisions."
- Groww Gold ETF
- Groww Gold ETF FOF
- Groww Multi Asset Allocation Fund
- Groww Silver ETF
- Groww Silver ETF FOF
- Groww Dynamic Term Fund - Direct Plan - Growth
- Groww Gilt Fund - Direct Plan - Growth
- Groww Liquid Fund - Direct Plan - Growth
- Groww Money Market Fund - Direct Plan - Growth
- Groww Short Term Fund - Direct Plan - Growth
PMParas MataliaStart date not disclosed
CA, CFA (US) and B. Com
Mr. Paras Matalia has about 7 years of experience in the capital Fund markets. He started out as an equity research Analyst with Samco Securities Limited. Just prior to joining Groww Mutual Fund, he was working with Samco Mutual Fund as Fund Manager and Head of Equities.
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
Groww 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.
Groww Value Fund among 5 value funds with highest cash holdings. Check details
The Economic Times · 11h ago
High oil prices biggest risk to corporate earnings: Anupam Tiwari, Groww MF
Business Standard · 17h ago
Groww Mutual Fund has declared change in the fund managers of its few schemes
Value Research · 5d ago
Groww Nifty 50 ETF (Ex) Fund info
The Economic Times · 8d ago
10 Best Investment Plan for Monthly Income 2026
Groww · 13d ago
Groww Arbitrage Fund(Ex) Regular-IDCW Monthly
The Economic Times · 16d ago
Peak XV Partners sells Rs 1,756 crore worth of Billionbrains Garage shares; Groww MF buys 0.6% stake in...
Moneycontrol.com · 18d ago
Groww Arbitrage Fund(Ex) Direct-IDCW Quarterly
The Economic Times · 29d ago
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 Groww Arbitrage Fund?
As of 05 Oct 2026, the NAV of Groww Arbitrage Fund is ₹10.27 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.
What returns has Groww Arbitrage Fund delivered?
Groww Arbitrage Fund has returned +2.67% 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 Groww Arbitrage Fund?
Groww Arbitrage Fund charges an expense ratio of 1.86% 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 Groww Arbitrage Fund?
Groww Arbitrage Fund's largest holdings are Groww Liquid Fund - Dir Plan Growth Opt (24.3%), Canara Bank (8.1%), Axis Bank Limited (7.5%), Bharti Airtel Limited (7.5%) and State Bank of India (7.5%). Holdings are disclosed monthly and change over time.
How risky is Groww Arbitrage Fund?
Groww Arbitrage Fund is rated moderately high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 3.3% and its worst peak-to-trough fall in our sample was -1.4%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.
What is the benchmark of Groww Arbitrage Fund?
Groww Arbitrage Fund is benchmarked against the NIFTY 50 Arbitrage Index. Its alpha and beta on this page are measured against that index.
Who manages Groww Arbitrage Fund?
Groww Arbitrage Fund is managed by Shashi Kumar, Wilfred Peter Gonsalves and Paras Matalia at Groww.
How is Groww Arbitrage Fund taxed?
Groww 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.