Bank of India Arbitrage Fund Regular IDCW NAV today
AMFI: 143617ISIN: INF761K01EB7MUTF_IN: BANK_OF_INDI_Z94DVABank of India Mutual FundArbitrage funds
Formerly BOI Axa Arbitrage Fund
NAV ₹13.7151
NAV for 23 Oct 2026. Declared once a day.
- Fund sizeAssets under management. The money the fund manages for all its investors, across every plan, at the end of the month.
- ₹111 CrSep 2026
- Expense ratioTotal expense ratio. What the fund charges each year as a share of the money invested, taken out of the NAV every day, so the returns shown are already after it.
- 2.82%16 Oct 2026
- P/EP/E. What the fund pays for each rupee of yearly profit its companies earn: the total value of its shares divided by those companies' last four quarters of profit, each in proportion to what the fund holds. The profit leaves out one-off items (exceptional items and businesses sold or demerged), so one company's one-off gain cannot make the fund look cheap. A loss-making company lowers the profit. Shown when at least 80% of the fund's shares are counted.
- 18.630 Sep 2026
- Risk levelRiskometer. The fund's own risk label on SEBI's six-step scale, from Low to Very High, set from what the fund holds and reviewed every month.
- LowAug 2026
- HoldingsHoldings. The number of different securities in the fund's latest monthly portfolio: shares, bonds, money market paper and units of other funds, not cash, overnight lending or futures.
- 3430 Sep 2026
- LaunchedLaunch date. The day the fund first allotted units to investors, at the close of its new fund offer.
- 18 Jun 2018
Bank of India Arbitrage Fund returns
Read from the regular plan's growth option: an IDCW plan's NAV falls by every payout, so it carries no return of its own
Over each window to 23 Oct 2026
| Over | ReturnTrailing return. The change in NAV from the start date to the latest NAV; over a year and longer, the yearly rate that would compound to the same change (CAGR). | BenchmarkBenchmark. The index the fund house chose to measure the fund against, in its total return form, with dividends added back. | Rank in categoryRank in category. The fund's place among the funds of its category with a return over the same window, highest return first. | Category medianCategory median. The middle return of the funds in the category over the same window: half returned more, half less. | Middle halfMiddle half of the category. The returns of the fund a quarter of the way down the category and the fund a quarter of the way up, over the same window: half the category's funds returned between the two. |
|---|---|---|---|---|---|
| 1 week | +0.30% | +0.03% | – | – | – |
| 1 month | +0.72% | +0.67% | 1 of 39 | +0.59% | +0.5% to +0.6% |
| 3 months | +1.70% | +1.81% | 2 of 38 | +1.51% | +1.5% to +1.6% |
| 6 months | +2.90% | +3.41% | 19 of 37 | +2.90% | +2.8% to +3.0% |
| 1 year | +5.95% | +7.43% | 25 of 34 | +6.11% | +5.9% to +6.2% |
| 3 years | +6.22% | +7.43% | 24 of 26 | +6.54% | +6.4% to +6.7% |
| 5 years | +5.44% | +6.78% | 23 of 24 | +6.05% | +5.9% to +6.2% |
| 10 years | Needs 10 years | – | – | +5.69% | +5.6% to +5.8% |
₹10,000 put in on 20 Jun 2018 is ₹14,828 at the NAV of 23 Oct 2026Growth of ₹10,000. What ₹10,000 put in at the NAV of the first day would be worth at the latest NAV, after the fund's expenses and before tax and any exit load.Over a year and longer, a return is the yearly rate. Benchmark: Nifty 50 Arbitrage Index, over the same days as the fund. Rank, median and middle half among the Regular plans of Arbitrage funds, each fund's return to its latest NAV on or before 25 Oct 2026.
At the month end, 30 Sep 2026
| Over | FundTrailing return. The change in NAV from the start date to the latest NAV; over a year and longer, the yearly rate that would compound to the same change (CAGR). | BenchmarkBenchmark return. The change in the benchmark index's total return level over the same dates as the fund's return, as a yearly rate over a year and longer. |
|---|---|---|
| 1 year | +5.68% | +7.33% |
| 3 years | +6.15% | +7.42% |
| 5 years | +5.34% | +6.69% |
| Since launch | +4.80% | +5.83% |
Benchmark: Nifty 50 Arbitrage Index. Both as the fund house states them for the month.
Return in each calendar year
- Fund, Regular GrowthCalendar year return. The change in NAV from the last NAV of one year to the last NAV of the next.
- Nifty 50 Arbitrage IndexBenchmark return. The change in the benchmark index's total return level over the same dates as the fund's return, as a yearly rate over a year and longer.
Highest year to Dec 2024, +6.9%; lowest year to Dec 2021, +2.2%Above the benchmark in 1 of 7 years
Bank of India Arbitrage Fund SIP returns
₹10,000 on the 1st of every month, valued at the NAV of 23 Oct 2026
| Period | InvestedAmount invested. ₹10,000 on the 1st of every month, or the next day the fund priced, added up over the period. | Value todayValue today. What the units bought by every instalment are worth at the latest NAV. | Invested against value today | SIP returnSIP return (XIRR). The yearly rate that, applied to each monthly instalment from the day it was invested, gives the value of all the units today. | After stamp dutySIP return after stamp duty. The same SIP return with stamp duty of 0.005% taken from every instalment since 1 Jul 2020, so ₹10,000 buys ₹9,999.50 of units. | Stamp dutyStamp duty paid. The stamp duty on all the instalments, in rupees: 0.005% of each purchase made since 1 Jul 2020. |
|---|---|---|---|---|---|---|
| 1 year12 instalments | ₹1,20,000 | ₹1,23,723₹1,23,717 after stamp duty | +6.06% | +6.05% | ₹6 | |
| 3 years36 instalments | ₹3,60,000 | ₹3,94,040₹3,94,020 after stamp duty | +6.05% | +6.04% | ₹18 | |
| 5 years60 instalments | ₹6,00,000 | ₹6,97,510₹6,97,475 after stamp duty | +6.01% | +6.01% | ₹30 | |
| Since Jun 2018100 instalments | ₹10,00,000 | ₹12,47,057₹12,47,011 after stamp duty | +5.23% | +5.23% | ₹38 |
10 years: Launched 18 Jun 2018, needs 10 years of history.
From the Regular Growth plan's NAV, since an IDCW plan's NAV falls by each payout.
Rolling returns
Per cent a year, every window from 20 Jun 2018 to 23 Oct 2026
Lowest to highestAverage
LowestLowest rolling return. The worst yearly return of any window of this length in the fund's history, one window starting on each day it priced.AverageAverage rolling return. The average of the yearly returns of every window of this length in the fund's history.HighestHighest rolling return. The best yearly return of any window of this length in the fund's history.Ended higherWindows that ended higher. The share of all the windows of this length in which the NAV ended above where it started.
1 year1,811 windows+1.9%+4.7%+7.1%100.0%
3 years1,318 windows+2.6%+4.5%+6.5%100.0%
5 years824 windows+3.9%+4.5%+5.4%100.0%
10 yearsLaunched 18 Jun 2018, needs 11 years of history
Every 1, 3 and 5-year window ended higher than it started.From the Regular Growth plan's NAV, since an IDCW plan's NAV falls by each payout.
Bank of India Arbitrage Fund expense ratio and exit load
Per cent of the money invested, a year. Each month shows its last day filed; the parts were redefined from Apr 2026.
- Regular over directDirect and regular plan cost gap. The regular plan's expense ratio less the direct plan's: what buying through a distributor costs each year, since both plans own the same portfolio.
- 0.68 ptsA year, on 16 Oct 2026
- Direct, 30-day averageExpense ratio, 30-day average. The total expense ratio averaged over the last 30 days the fund filed it, which evens out the day-to-day moves in brokerage and levies.
- 2.17%Over the last 30 days filed
- Regular, 30-day averageExpense ratio, 30-day average. The total expense ratio averaged over the last 30 days the fund filed it, which evens out the day-to-day moves in brokerage and levies.
- 2.84%Over the last 30 days filed
Total expense ratio, month by month
- Regular plan
- Direct plan
Direct plan highest 4.17%, Apr 2026.Direct plan lowest 0.20%, Aug 2019.
What the expense ratio is made of
| Part | Direct | Regular |
|---|---|---|
| Base expense ratioBase expense ratio. The part of the expense ratio that pays the fund house and the distributor, before brokerage, transaction costs, levies and GST. | 0.29% | 0.88% |
| Brokerage | 0.39% | 0.39% |
| Transaction costs | 0.16% | 0.16% |
| Statutory levies | 1.29% | 1.39% |
Per cent of assets a year, filed for 23 Oct 2026. The parts add up to that day's total.
Exit load, in the fund house's words
• Any Redemption/Switch out - would be subject to an exit load of 0.50%, if the units are redeemed/switched out within 15 days from the date of allotment of units. • If the units are redeemed/switched out after 15 days from the date of allotment of units - "NIL"
Buying and selling
- Lump-sum purchases
- Accepted
- Minimum investmentMinimum investment. The smallest amount the plan accepts for a first purchase.
- ₹5,000
- Minimum top-up
- ₹1,000
- Minimum redemption
- ₹1
- SIP
- Accepted
- SIP minimum
- ₹1,000
- SIP instalments, at least
- Weekly 12 & Monthly 6
- STP, transfers to another fund
- Not accepted
- SWP, regular withdrawals
- Not accepted
- Switches
- Accepted
- Lock-inLock-in. The time after each purchase during which those units cannot be sold.
- None
- SIP dates
- Weekly (Monday to Friday) & Monthly (any day - 1 to 28)
As listed for this plan on 24 Oct 2026.
Bank of India Arbitrage Fund AUM
₹ crore, every plan of the fund together.
- Average assetsAverage assets under management. The money the fund managed, averaged over every day of the quarter, added up across its plans.
- ₹125 CrQuarter to Sep 2026
- In the direct plansShare of assets in the direct plans. The direct plans' average assets for the quarter as a percentage of the fund's total; the rest is in the regular plans, bought through distributors.
- 12.4%Of the quarter's average
Average assets by quarter, by plan
- Regular plans
- Direct plans
Largest ₹141 Cr, quarter to Sep 2018.
Assets at each month end
Highest ₹136 Cr, Jul 2026.Lowest ₹13 Cr, Feb 2023.
Bank of India Arbitrage Fund portfolio
Portfolio disclosed for 30 Sep 2026.
Holdings on 30 Sep 2026
| Large, mid and small cap. Companies ranked by average market value over six months: the first 100 are large cap, the next 150 mid cap, the rest small cap, by the list in force for the portfolio's month. | Weight in the fund. The holding's market value on the portfolio date as a share of the fund's net assets. | Held since. The first month end of the fund's current run of holding this position; marked "or earlier" where that month is the fund's first portfolio on record or the first after a gap in its portfolios. | ||||
|---|---|---|---|---|---|---|
| Bank of India Liquid Fund | Fund units | 12.10% | 13.41 | 40,855 | Sep 2023 | |
| Tata SteelFerrous Metals | Shares | Large cap36th | 5.86% | 6.49 | 3,52,000 | Jun 2026 |
| Canara BankBanks | Shares | Large cap80th | 5.82% | 6.45 | 5,40,000 | May 2026 |
| HDFC BankBanks | Shares | Large cap2nd | 4.87% | 5.39 | 76,050 | Mar 2026 |
| VedantaDiversified Metals | Shares | Large cap84th | 4.62% | 5.12 | 1,97,800 | Jun 2026 |
| Vodafone IdeaTelecom - Services | Shares | Large cap83rd | 4.09% | 4.54 | 35,02,275 | Jul 2026 |
| Steel Authority of IndiaFerrous Metals | Shares | Mid cap153rd | 4.08% | 4.52 | 2,49,100 | Jul 2026 |
| Bank of BarodaBanks | Shares | Large cap58th | 4.02% | 4.45 | 1,93,050 | Jul 2023 |
| Kotak Mahindra BankBanks | Shares | Large cap16th | 3.69% | 4.09 | 98,000 | Dec 2024 |
| Reliance IndustriesPetroleum Products | Shares | Large cap1st | 3.27% | 3.62 | 30,500 | Jul 2026 |
| Samvardhana Motherson InternationalAuto Components | Shares | Large cap77th | 2.99% | 3.31 | 2,02,950 | Jul 2026 |
| JSW SteelFerrous Metals | Shares | Large cap26th | 2.90% | 3.22 | 25,650 | Oct 2024 |
| Power Finance CorporationFinance | Shares | Large cap68th | 2.83% | 3.13 | 96,200 | Aug 2026 |
| Bajaj FinanceFinance | Shares | Large cap7th | 2.73% | 3.02 | 31,500 | Jun 2026 |
| Bharat ForgeAuto Components | Shares | Mid cap127th | 2.43% | 2.70 | 14,000 | Aug 2026 |
Weight is per cent of the fund's net assets; value in ₹ crore.
Futures and options on 30 Sep 2026
| Weight in the fund. The holding's market value on the portfolio date as a share of the fund's net assets. | |||
|---|---|---|---|
| Tata Steel Limited October 2026 Future | −5.91% | −6.55 | −3,52,000 |
| Canara Bank October 2026 Future | −5.87% | −6.51 | −5,40,000 |
| HDFC Bank Limited October 2026 Future | −4.91% | −5.44 | −76,050 |
| Vedanta Limited October 2026 Future | −4.60% | −5.10 | −1,97,800 |
| Vodafone Idea Limited October 2026 Future | −4.10% | −4.55 | −35,02,275 |
| Bank of Baroda October 2026 Future | −4.05% | −4.49 | −1,93,050 |
| Steel Authority of India Limited October 2026 Future | −4.00% | −4.43 | −2,49,100 |
| Kotak Mahindra Bank Limited October 2026 Future | −3.69% | −4.09 | −98,000 |
| Reliance Industries Limited October 2026 Future | −3.28% | −3.64 | −30,500 |
| Samvardhana Motherson International Limited October 2026 Future | −3.00% | −3.32 | −2,02,950 |
| JSW Steel Limited October 2026 Future | −2.93% | −3.25 | −25,650 |
| Power Finance Corporation Limited October 2026 Future | −2.85% | −3.16 | −96,200 |
| Bajaj Finance Limited October 2026 Future | −2.75% | −3.04 | −31,500 |
| Bharat Forge Limited October 2026 Future | −2.44% | −2.70 | −14,000 |
| State Bank of India October 2026 Future | −2.16% | −2.39 | −24,750 |
Weight is per cent of the fund's net assets; value in ₹ crore.
Cash and receivables on 30 Sep 2026
| Weight in the fund. The holding's market value on the portfolio date as a share of the fund's net assets. | ||
|---|---|---|
| Net Receivables / (Payables) | 80.56% | 89.22 |
| TREPS | 3.61% | 4.00 |
Weight is per cent of the fund's net assets; value in ₹ crore.
- Largest holdingLargest holding. The share of the fund in its single largest position, cash and futures not counted as positions.
- 12.10%Bank of India Liquid Fund
- Top 5 holdingsTop 5 holdings. The share of the fund held in its five largest positions.
- 33.27%
- Top 10 holdingsTop 10 holdings. The share of the fund held in its ten largest positions.
- 52.42%
- Top 10 sharesTop 10 shares. The share of the fund held in its ten largest shareholdings, bonds and fund units left out.
- 43.31%
- Effective holdingsEffective number of holdings. The number of equal-sized positions that would be as concentrated as the fund's actual weights.
- 18.9Taken over 87.21% of the fund
Asset allocation
Asset allocation. What the fund owns, by kind of asset, each as a share of its net assets; futures and options are shown beside it, not in it, since they are contracts rather than assets bought.- Indian shares71.13%
- Bonds and bills3.98%
- Units of other funds12.10%
- Cash and receivables12.79%
- Futures and options, netFutures and options, net. The value of the shares or bonds the fund's contracts are written on, as a share of its net assets, a sold contract counted as a minus: a hedged fund's sold futures offset the shares it holds.−71.38%
- Futures and options, grossFutures and options, gross. The value the fund's contracts are written on, as a share of its net assets, counting each contract as a plus whichever way it faces.71.38%
Per cent of the fund's net assets.
Large, mid and small cap
Large, mid and small cap. Companies ranked by average market value over six months: the first 100 are large cap, the next 150 mid cap, the rest small cap, by the list in force for the portfolio's month.- Large cap82.08%Category 75.59%
- Mid cap16.66%Category 19.51%
- Small cap1.27%Category 4.90%
Per cent of the fund's Indian shares. By the list for the six months to Jun 2026. Category is the average of 40 Arbitrage funds.
Sector allocation
Sector weight. The fund's shares grouped by the business each company is in, less the futures sold on them, each group as a share of the fund's net assets.1sector
- Metals & Mining0.02%Category 0.39%
Per cent of the fund's net assets, less the futures sold on its shares, Sep 2026. Category is the average of 40 Arbitrage funds. Category average. The sector's weight, less the futures sold on it, averaged over the 40 Arbitrage funds that disclosed a portfolio for Sep 2026. A fund holding none of the sector counts as 0.
Sector allocation month by month
| 13 months | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Metals & Mining4 companies | 0.02% | −0.12% | −0.05% | −0.06% | −0.08% | −0.03% | −0.01% | −0.02% | −0.03% | −0.06% | −0.12% | −0.06% | |
| Fast Moving Consumer Goods1 company | 0.00% | −0.19% | −0.02% | 0.00% | −0.04% | −0.03% | −0.02% | −0.04% | −0.04% | −0.08% | −0.05% | −0.03% | |
| Consumer Durables | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | |
| Consumer Services | 0.00% | 0.00% | 0.00% | 0.00% | −0.01% | −0.01% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | |
| Capital Goods | 0.00% | 0.01% | 0.00% | −0.02% | −0.05% | −0.02% | −0.01% | −0.01% | −0.01% | −0.02% | −0.05% | −0.03% | |
| Power | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | |
| Information Technology | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | |
| Chemicals1 company | 0.00% | −0.01% | 0.00% | −0.01% | −0.03% | −0.02% | −0.01% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | |
| Construction Materials2 companies | 0.00% | −0.02% | −0.01% | −0.05% | −0.03% | −0.01% | 0.00% | −0.02% | −0.03% | −0.02% | −0.03% | −0.02% | |
| Construction | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | |
| Textiles | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | |
| Oil Gas & Consumable Fuels1 company | −0.01% | −0.05% | −0.01% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | −0.01% | −0.02% | −0.03% | −0.01% |
Per cent of the fund's net assets, less the futures sold on its shares, at each month end, Oct 2025 to Sep 2026; the line runs from Sep 2025.
Bought and sold
Sep 2026 against Aug 2026, position by position.
Positions changed, month by month
- New
- Added
- Trimmed
- Sold out
- New positionsNew positions. Holdings in this month's portfolio that were not in the month before.
- 2974.02% of the fund
- Sold outSold out. Holdings in last month's portfolio that are gone from this one, other than a bond or deposit repaid on its due date.
- 4282.62% of the fund before
- MaturedMatured. Bonds and deposits whose repayment date fell between the two portfolios, so they were repaid rather than sold. One sold in its last days reads the same.
- 1
- Added toAdded to. Holdings with more units than the month before. Where the fund states no units, a weight that rose by more than a tenth.
- 3
- TrimmedTrimmed. Holdings with fewer units than the month before. Where the fund states no units, a weight that fell by more than a tenth.
- 8
- UnchangedUnchanged. Holdings with the same number of units as the month before. Their weight can still move with the price.
- 21
- Traded at leastTraded at least. The smaller of the weight bought in new positions and the weight sold out of old ones, cash left out: the least the fund must have bought and sold in the month.
- 74.02%
- Weight that movedWeight that moved. Half the sum of every position's change in weight between the two month ends, new and sold positions included; price moves alone raise it.
- 89.35%
Changes in Sep 2026
| What changed. New: not held the month before. Added or trimmed: more or fewer units than the month before, or, where no units are stated, a weight that moved by more than a tenth. Sold out: held the month before, gone now. Matured: a bond or deposit whose repayment date fell between the two portfolios, so it was repaid rather than sold (one sold in its last days reads the same). | Change in weight. The holding's weight this month less its weight the month before, in percentage points; a price move alone changes it. | ||||
|---|---|---|---|---|---|
| Punjab National Bank (04/02/2027) | Sold out | – | 3.63% | −3.63 pts | −5,00,000 |
| ITC | Sold out | – | 3.58% | −3.58 pts | −1,88,025 |
| Bank of India Liquid Fund | Trimmed | 12.10% | 14.42% | −2.32 pts | −18,340 |
| Aurobindo Pharma | New | 1.74% | 0.00% | +1.74 pts | +11,550 |
| Hero MotoCorp | Sold out | – | 1.40% | −1.40 pts | −3,450 |
| HDFC Bank | Trimmed | 4.87% | 6.22% | −1.35 pts | −41,600 |
| Axis Bank | Trimmed | 2.08% | 3.40% | −1.32 pts | −16,250 |
| JSW Steel | Added | 2.90% | 1.71% | +1.19 pts | +8,100 |
| Apollo Hospitals Enterprise | Added | 1.75% | 0.75% | +1.00 pts | +1,250 |
| Bajaj Finance | Added | 2.73% | 1.77% | +0.96 pts | +9,000 |
| Cipla | Sold out | – | 0.94% | −0.94 pts | −8,925 |
| Computer Age Management Services | New | 0.90% | 0.00% | +0.90 pts | +14,850 |
| Union Bank of India | Sold out | – | 0.62% | −0.62 pts | −44,250 |
| Bharat Forge | Trimmed | 2.43% | 2.98% | −0.55 pts | −5,000 |
| Hindustan Unilever | Trimmed | 1.68% | 2.16% | −0.48 pts | −4,800 |
Weights are per cent of the fund's net assets; a change in weight is in percentage points. Securities only: 60 futures, options and cash lines that changed are not listed.
Holdings month by month
| Holding | Oct 25 | Nov 25 | Dec 25 | Jan 26 | Feb 26 | Mar 26 | Apr 26 | May 26 | Jun 26 | Jul 26 | Aug 26 | Sep 26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Bank of India Liquid Fund | 17.33% | 16.07%Cut | 13.86%Cut | 12.64% | 12.22% | 13.47% | 13.52% | 12.58% | 12.84% | 14.15%Added | 14.42% | 12.10%Cut |
 Tata Steel | 1.40% | 1.33% | Sold out | – | – | – | – | – | 3.03%Bought again | 2.65%Added | 4.84%Added | 5.86% |
 Canara Bank | 0.21%Bought again | Sold out | – | – | – | – | – | 2.91%Bought again | 2.83% | 4.97%Added | 5.11% | 5.82% |
 HDFC Bank | – | – | – | – | – | 4.58%Bought again | 2.36%Cut | 3.13%Added | 2.39%Cut | 3.04%Added | 6.22%Added | 4.87%Cut |
 Vedanta | 0.26%Bought | 2.46%Added | 2.76% | 2.82% | Sold out | – | – | – | 1.96%Bought again | 4.12%Added | 4.39% | 4.62%Cut |
 Vodafone Idea | – | – | – | – | – | – | – | – | – | 3.36%Bought again | 3.75% | 4.09% |
 Steel Authority of India | – | – | – | – | – | – | – | – | – | 3.10%Bought again | 3.62% | 4.08% |
 Bank of Baroda | 2.26%Cut | 2.44% | 2.42% | 2.22% | 2.30% | 1.94% | 1.03%Cut | 0.97% | 1.00% | 3.45%Added | 3.44% | 4.02% |
 Kotak Mahindra Bank | 2.53%Cut | 2.64% | 2.67% | 2.25% | 2.20% | 2.05% | 2.22% | 2.06% | 2.13% | 3.22%Added | 3.07%Cut | 3.69% |
 Reliance Industries | 2.07%Cut | 2.25% | 0.73%Cut | Sold out | – | – | – | – | – | 3.18%Bought again | 2.91%Cut | 3.27% |
 Samvardhana Motherson International | – | – | – | – | – | – | 2.16%Bought | Sold out | – | 2.25%Bought again | 2.58% | 2.99% |
 JSW Steel | 4.53% | 4.50% | 4.40% | 4.16% | 4.17% | 4.06% | 6.46%Added | 6.05% | 2.94%Cut | 2.59%Added | 1.71%Cut | 2.90%Added |
 Power Finance Corporation | – | – | – | – | – | – | – | – | – | – | 2.41%Bought again | 2.83% |
 Bajaj Finance | Sold out | 1.12%Bought again | 1.04% | 0.89% | 0.91% | Sold out | – | – | 1.26%Bought again | 3.66%Added | 1.77%Cut | 2.73%Added |
 Bharat Forge | – | – | – | – | – | – | – | – | – | – | 2.98%Bought | 2.43%Cut |
Per cent of the fund's net assets at each month end, Oct 2025 to Sep 2026. Under it, the change on the fund's previous month. "After a gap" is a holding after a month with no portfolio on record, so when it was bought is not known; "Not filed" is one gone across such a gap.
Portfolio turnover, per cent of assets a year
- TurnoverPortfolio turnover. How much of the portfolio the fund bought or sold over the last year, as a share of its assets, as the fund house states it.
Highest 1,193.1% in Sep 2026
Risk ratios
NAV to 23 Oct 2026
Each bar runs from the lowest to the highest figure among the Regular plans of Arbitrage funds (26 funds) over the same 3 years; the tick is their average and the dot this fund.
How much the NAV moves
Standard deviationStandard deviation. How far the fund's monthly returns spread around their average, stated as a yearly figure: the wider the spread, the more the NAV moves.0.49%
0.43%Lowest0.52%Average0.71%Highest
Downside deviationDownside deviation. Standard deviation counting only the months in which the fund lost money, stated as a yearly figure.0.02%
0.00%Lowest0.01%Average0.12%Highest
Sharpe ratioSharpe ratio. The monthly return above the 91-day Treasury bill yield, divided by its standard deviation and stated for a year: the extra return for each unit of movement in the NAV.0.16
−1.07Lowest0.80Average1.39Highest
Sortino ratioSortino ratio. The monthly return above the 91-day Treasury bill yield, divided by how far it fell below that yield and stated for a year: the extra return for each unit of movement on the way down.0.20
−1.21Lowest1.38Average2.51Highest
From the Regular Growth plan's NAV, since an IDCW plan's NAV falls by each payout.
Against Nifty 50 Arbitrage Index
BetaBeta. How much the fund's monthly return moved for each 1% move in its benchmark: 1 moves with it, below 1 moves less.0.62
0.51Lowest0.62Average0.89Highest
AlphaAlpha. The yearly return the fund made beyond what its beta to the benchmark accounts for.−0.77 pts
−1.20 ptsLowest−0.43 ptsAverage−0.09 ptsHighest
R-squaredR-squared. The share of the fund's monthly movement that its benchmark's movement explains, from 0 to 100.57.8
29.5Lowest53.0Average68.8Highest
CorrelationCorrelation. How closely the fund's monthly returns moved in step with its benchmark's, from minus 1 (always opposite) to 1 (always together).0.76
0.54Lowest0.73Average0.83Highest
Upside captureUpside capture. The fund's return in the months its benchmark rose, as a percentage of the benchmark's return in those months.83.3%
75.6%Lowest87.7%Average92.0%Highest
Downside captureDownside capture. The fund's return in the months its benchmark fell, as a percentage of the benchmark's fall in those months.Needs 6 falling months
Largest falls
| Largest over | FallLargest fall. The biggest drop in NAV from a high to the low that followed, before the NAV went back above that high. | High on | Low on | Back at the highBack at the high. The first day the NAV closed at or above the high it had fallen from. |
|---|---|---|---|---|
| 1, 3 and 5 years | −0.45% | 1 Sep 2026 | 4 Sep 2026 | 10 Sep 2026 |
| Since Jun 2018 | −0.61% | 16 Mar 2020 | 25 Mar 2020 | 21 Apr 2020 |
Risk level by month
| Months | FundRiskometer. The fund's own risk label on SEBI's six-step scale, from Low to Very High, set from what the fund holds and reviewed every month. | BenchmarkBenchmark's risk level. The riskometer level of the fund's benchmark index for the same month, on the same six-step scale as the fund's own. |
|---|---|---|
| Oct 2021 to Aug 202659 months | Low | LowNifty 50 Arbitrage Index |
The riskometer at each month end, the fund's and its benchmark's. A month with none on record is left out.
Bank of India Arbitrage Fund managers
Managers now
| Manager | Return in the manager's time. The change in the plan's NAV from the day the manager took the fund over to the latest NAV; past a year, the yearly rate that would compound to the same change. | Benchmark over the same days. The change in the fund's benchmark index over the same days as the manager's return, worked out the same way, with the dividends of the index's companies added back. | Difference from the benchmark. The fund's return in the manager's time less its benchmark's over the same days, in percentage points. | Portfolio changed after the handover. How much of the portfolio was different three months after the manager took over: half the sum of every holding's change in weight, with each side's holdings scaled to add up to 100 so a move into cash does not count. | Portfolio changed before the handover. The same measure over the three months before the manager took over, since portfolios change anyway. | Assets the manager runs. The latest monthly size of every fund the manager runs now, added up; a fund run with others counts in full for each of its managers, and the line under it counts only the funds they run alone. | ||
|---|---|---|---|---|---|---|---|---|
| Firdaus RaginaPrimary Fund Manager having around 20 years of experience | Dec 2021 | +5.47%a year | – | – | – | – | 1 | ₹111 Cr₹111 Cr alone |
Returns are the regular plan's growth NAV, from the day each took over to the latest NAV, beside the benchmark over the same days.
Portfolio overlap
Funds holding the most of the same securities, by weight.
Closest funds in the category
| Portfolio overlap. The share of the two funds' portfolios that is the same: for every holding they share, the smaller of its two weights, added up. | Shared holdings. The number of securities both funds hold, cash and futures left out. | |
|---|---|---|
| NJ Arbitrage FundNJ Mutual Fund | 31.84% | 22 |
| HDFC Arbitrage FundHDFC Mutual Fund | 29.13% | 26 |
| Trustmf Arbitrage FundTrust Mutual Fund | 28.24% | 14 |
| JM Arbitrage FundJM Financial Mutual Fund | 27.94% | 26 |
| DSP Arbitrage FundDSP Mutual Fund | 27.51% | 28 |
| Invesco India Arbitrage FundInvesco Mutual Fund | 27.49% | 27 |
| Axis Arbitrage FundAxis Mutual Fund | 26.93% | 27 |
| SBI Arbitrage FundSBI Mutual Fund | 26.81% | 27 |
| ICICI Prudential Arbitrage FundICICI Prudential Mutual Fund | 26.62% | 27 |
| Groww Arbitrage FundGroww Mutual Fund | 26.60% | 14 |
Portfolios for Sep 2026. Overlap is per cent of the portfolio the two funds hold in common.
Overlap with the fund house's other funds
| Portfolio overlap. The share of the two funds' portfolios that is the same: for every holding they share, the smaller of its two weights, added up. | |
|---|---|
| Bank of India Balanced Advantage FundBank of India Mutual Fund | 13.12% |
| Bank of India Multi Asset Allocation FundBank of India Mutual Fund | 10.66% |
| Bank of India Aggressive Hybrid FundBank of India Mutual Fund | 3.65% |
| Bank of India Conservative Hybrid FundBank of India Mutual Fund | 2.48% |
As the fund house states it, for Sep 2026.
Bank of India Arbitrage Fund dividend history
IDCW (income distribution cum capital withdrawal), once called a dividend: rupees per unit, paid to holders on the record date and taken out of the NAV.
Paid per unit, the latest payouts
- Paid per unitIDCW payout. Rupees paid out per unit to holders on the record date; the money comes out of the fund, so the plan's NAV falls by the same amount.
Largest ₹0.328 a unit, Sep 2019.
Every payout
| IDCW payout. Rupees paid out per unit to holders on the record date; the money comes out of the fund, so the plan's NAV falls by the same amount. | IDCW yield. A payout as a share of the plan's NAV on the record date, before the NAV fell by the amount paid. | NAV before | NAV after | |
|---|---|---|---|---|
| 26 Mar 2020 | ₹0.105 | 1.03% | ₹10.1804 | ₹10.0780 |
| 26 Dec 2019 | ₹0.0527 | 0.52% | ₹10.1375 | ₹10.0750 |
| 25 Sep 2019 | ₹0.328 | 3.16% | ₹10.3951 | ₹10.0334 |
| 25 Jun 2019 | ₹0.302 | 2.85% | ₹10.6110 | ₹10.2679 |
All 4 payouts since 25 Jun 2019.
Changes to the fund
Newest first.
2026
- 1 AprExpenseExpense ratio stated under the new rules: a base ratio, with brokerage, levies and GST on top
Fund details
Objective
The Scheme seeks to generate income through arbitrage opportunities between cash and derivative segments of the equity market and arbitrage opportunities within the derivative segment and by deployment of surplus cash in debt securities and money market instruments. However, there is no assurance or guarantee that the investment objective of the scheme will be realized
Asset allocation
- Equity and equity related securities - 65% to 100%
- Equity Derivatives - 65% to 100%
- Debt and Money Market Securities /instruments - 00% to 35%
- Residual Portion: ETCDs - 00% to 10%
- Gold ETFs and Silver ETFs - 00% to 10%
Type of scheme
An open ended scheme investing in arbitrage opportunities
- BenchmarkBenchmark. The index the fund house chose to measure the fund against, in its total return form, with dividends added back.
- NIFTY 50 Arbitrage Index
- Risk level at launchRiskometer. The fund's own risk label on SEBI's six-step scale, from Low to Very High, set from what the fund holds and reviewed every month.
- Low
- New fund offer
- 31 May 2018 to 14 Jun 2018
- Units first allotted
- 18 Jun 2018
- Open for sale again
- 18 Jun 2018
- Price at the offer
- ₹10 a unit
- Minimum at the offer
- ₹5,000
Plans and codes
| Plan | AMFI code | ISIN | ISIN, reinvestment | MUTF_IN | First NAV |
|---|---|---|---|---|---|
| Direct Growth | 143614 | INF761K01ED3 | BANK_OF_INDI_1AVCYBP | 20 Jun 2018 | |
| Regular Growth | 143620 | INF761K01DW5 | BANK_OF_INDI_F7MP6M | 20 Jun 2018 | |
| Direct IDCW | 143613 | INF761K01EI2 | INF761K01EJ0 | BANK_OF_INDI_36U2L7 | 20 Jun 2018 |
| Regular IDCW | 143617 | INF761K01EB7 | INF761K01EC5 | BANK_OF_INDI_Z94DVA | 20 Jun 2018 |
This fund
- Scheme information document (opens in a new tab)The fund's objective, terms, costs and risks in full
Factsheet
- FACTSHEET SEPTEMBER 2026 (opens in a new tab)Bank of India Mutual Fund, Sep 2026
Statement of additional information
- SAI Bank of India Mutual Fund (opens in a new tab)Bank of India Mutual Fund, Oct 2026
Annual report
- ABRIDGED ANNUAL REPORT 2025 2026 (opens in a new tab)Bank of India Mutual Fund, Mar 2026
- ANNUAL REPORT 2025 - 26 (opens in a new tab)Bank of India Mutual Fund, Mar 2026
Riskometer disclosure
- RISKOMETER FY 25-26 (opens in a new tab)Bank of India Mutual Fund, Mar 2026
Portfolio overlap disclosure
- PORTFOLIO OVERLAP DISCLOSURE SEPTEMBER 30, 2026 (opens in a new tab)Bank of India Mutual Fund, Sep 2026