DSP Arbitrage Fund Regular IDCW NAV today
AMFI: 142278ISIN: INF740KA1DL8MUTF_IN: DSP_ARBI_MLY_UP4JUFDSP Mutual FundArbitrage funds
NAV ₹11.9060
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.
- ₹6,720 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.
- 1.80%19 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.
- 22.130 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.
- 18830 Sep 2026
- LaunchedLaunch date. The day the fund first allotted units to investors, at the close of its new fund offer.
- 25 Feb 2018
DSP 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 | +0.21% | +0.03% | – | – | – |
| 1 month | +0.54% | +0.67% | 31 of 39 | +0.59% | +0.6% to +0.6% |
| 3 months | +1.50% | +1.81% | 24 of 38 | +1.52% | +1.5% to +1.6% |
| 6 months | +2.85% | +3.41% | 26 of 37 | +2.90% | +2.8% to +3.0% |
| 1 year | +5.97% | +7.43% | 24 of 34 | +6.11% | +5.9% to +6.2% |
| 3 years | +6.51% | +7.43% | 17 of 26 | +6.54% | +6.4% to +6.7% |
| 5 years | +6.04% | +6.78% | 14 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 29 Jan 2018 is ₹16,068 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 | +5.90% | +7.33% |
| 3 years | +6.51% | +7.42% |
| 5 years | +5.97% | +6.69% |
| Since launch | +5.57% | +5.73% |
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, +7.5%; lowest year to Dec 2021, +3.4%Above the benchmark in 1 of 7 years
DSP 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 | ₹1,23,655₹1,23,649 after stamp duty | +5.95% | +5.94% | ₹6 | |
| 3 years36 instalments | ₹3,60,000 | ₹3,94,985₹3,94,966 after stamp duty | +6.21% | +6.20% | ₹18 | |
| 5 years60 instalments | ₹6,00,000 | ₹7,04,074₹7,04,039 after stamp duty | +6.39% | +6.39% | ₹30 | |
| Since Jan 2018105 instalments | ₹10,50,000 | ₹13,59,007₹13,58,961 after stamp duty | +5.80% | +5.80% | ₹38 |
10 years: Launched 25 Feb 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 29 Jan 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 year1,906 windows+2.7%+5.5%+7.8%100.0%
3 years1,413 windows+3.6%+5.3%+7.0%100.0%
5 years919 windows+4.7%+5.3%+6.0%100.0%
10 yearsLaunched 25 Feb 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.
DSP 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.
- 0.64 ptsA year, on 19 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.
- 1.16%Over the last 20 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.
- 1.80%Over the last 20 days filed
Total expense ratio, month by month
- Regular plan
- Direct plan
Direct plan highest 1.78%, May 2026.Direct plan lowest 0.27%, Mar 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. | 0.30% | 0.84% |
| Brokerage | 0.10% | 0.10% |
| Transaction costs | 0.04% | 0.04% |
| Statutory levies | 0.72% | 0.82% |
Per cent of assets a year, filed for 19 Oct 2026. The parts add up to that day's total.
Exit load, in the fund house's words
Nil - If the units redeemed or switched-out are upto 10% of the units (the limit) purchased or switched within 15 days from the date of allotment, If units redeemed or switched out are in excess of the limit within 15 days from the date of allotment: 0.25%, Nil - If units are redeemed or switched out on or after 15 days from the date of allotment (as a % of Applicable NAV)MoreLess
Buying and selling
- Lump-sum purchases
- Accepted
- Minimum investmentMinimum investment. The smallest amount the plan accepts for a first purchase.
- ₹100
- Minimum top-up
- ₹100
- Minimum redemption
- ₹100
- SIP
- Accepted
- SIP minimum
- Rs. 100/- for all frequencies
- STP, transfers to another fund
- Not accepted
- SWP, regular withdrawals
- Accepted
- Switches
- Accepted
- Lock-inLock-in. The time after each purchase during which those units cannot be sold.
- None
- SIP instalments, at least
- Minimum 12 installments for all frequencies
- SIP dates
- 01,02,03,04,05,06,07,08,09,10,11,12,13,14,15,16,17,18,19,20,21,22,23,24,25,26,27,28,29,30,31
As listed for this plan on 24 Oct 2026.
DSP 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.
- ₹6,693 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.
- 72.6%Of the quarter's average
Average assets by quarter, by plan
- Regular plans
- Direct plans
Largest ₹6,863 Cr, quarter to Mar 2026.
Assets at each month end
Highest ₹7,002 Cr, Dec 2025.Lowest ₹263 Cr, Mar 2019.
DSP 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. | Yield to maturity. The yearly return the fund's bonds would earn if each were held to maturity at today's price, weighted by what the fund holds of each. | 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. | ||||
|---|---|---|---|---|---|---|---|
| DSP Money Market FundMutual Funds | Fund units | 10.96% | 736.31 | 12,52,12,973 | 7.01% | Aug 2022 | |
| HDFC BankBanks | Shares | Large cap2nd | 4.76% | 319.88 | 45,13,600 | – | Apr 2022 |
| Reliance IndustriesPetroleum Products | Shares | Large cap1st | 4.63% | 310.93 | 26,19,500 | – | Sep 2022 |
| Vodafone IdeaTelecom - Services | Shares | Large cap83rd | 3.05% | 205.21 | 15,84,60,075 | – | Apr 2021 |
| Bank of BarodaIND A1+, repaid 11 Mar 2027 | Bonds and bills | 2.89% | 194.18 | 4,000 | 6.80% | Jul 2026 | |
| Indian BankCRISIL A1+, repaid 21 Jun 2027 | Bonds and bills | 2.83% | 190.12 | 4,000 | 7.22% | Jul 2026 | |
| ICICI BankBanks | Shares | Large cap5th | 2.73% | 183.47 | 13,88,100 | – | Jul 2024 |
| Axis BankBanks | Shares | Large cap15th | 2.16% | 145.43 | 11,86,250 | – | Aug 2023 |
| ITCDiversified FMCG | Shares | Large cap17th | 1.69% | 113.40 | 43,15,950 | – | Nov 2023 |
| Bharti AirtelTelecom - Services | Shares | Large cap3rd | 1.62% | 108.91 | 6,19,875 | – | Feb 2024 |
| Punjab National BankBanks | Shares | Large cap78th | 1.62% | 109.17 | 96,56,000 | – | May 2024 |
| State Bank of IndiaBanks | Shares | Large cap4th | 1.55% | 103.99 | 10,83,750 | – | Nov 2023 |
| National Bank For Agriculture & Rural DevelopmentCRISIL A1+, repaid 10 Mar 2027 | Bonds and bills | 1.44% | 97.01 | 2,000 | 7.02% | Jul 2026 | |
| Kotak Mahindra BankBanks | Shares | Large cap16th | 1.38% | 92.66 | 22,22,000 | – | Jun 2023 |
| Steel Authority of IndiaFerrous Metals | Shares | Mid cap153rd | 1.32% | 88.37 | 48,69,200 | – | Mar 2024 |
Weight is per cent of the fund's net assets; value in ₹ crore. 8 lines filed with no weight are listed without one.
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. | |||
|---|---|---|---|
| HDFC Bank Limited Oct26 | −4.15% | −278.65 | −38,94,150 |
| Reliance Industries Limited Oct26 | −4.06% | −272.86 | −22,89,500 |
| Vodafone Idea Limited Oct26 | −2.96% | −199.00 | −15,33,13,875 |
| ICICI Bank Limited Oct26 | −2.22% | −149.03 | −11,21,400 |
| Axis Bank Limited Oct26 | −1.94% | −130.07 | −10,59,375 |
| ITC Limited Oct26 | −1.61% | −107.93 | −40,95,150 |
| Punjab National Bank Oct26 | −1.59% | −106.94 | −94,00,000 |
| Bharti Airtel Limited Oct26 | −1.58% | −105.98 | −5,99,925 |
| State Bank of India Oct26 | −1.43% | −96.26 | −9,95,250 |
| Kotak Mahindra Bank Limited Oct26 | −1.34% | −90.05 | −21,60,000 |
| JSW Steel Limited Oct26 | −1.31% | −88.35 | −6,97,950 |
| Steel Authority of India Limited Oct26 | −1.29% | −86.61 | −48,69,200 |
| Canara Bank Oct26 | −1.17% | −78.73 | −65,34,000 |
| Adani Energy Solutions Limited Oct26 | −1.13% | −75.89 | −5,73,075 |
| Bharat Heavy Electricals Limited Oct26 | −1.08% | −72.42 | −17,43,000 |
Weight is per cent of the fund's net assets; value in ₹ crore. 8 lines filed with no weight are listed without one.
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. | ||
|---|---|---|
| TREPS / Reverse Repo Investments | 2.42% | 162.89 |
| Net Receivables/Payables | – | −5.09 |
Weight is per cent of the fund's net assets; value in ₹ crore. 8 lines filed with no weight are listed without one.
- Largest holdingLargest holding. The share of the fund in its single largest position, cash and futures not counted as positions.
- 10.96%DSP Money Market Fund
- Top 5 holdingsTop 5 holdings. The share of the fund held in its five largest positions.
- 26.29%
- Top 10 holdingsTop 10 holdings. The share of the fund held in its ten largest positions.
- 37.32%
- Top 10 sharesTop 10 shares. The share of the fund held in its ten largest shareholdings, bonds and fund units left out.
- 25.19%
- Effective holdingsEffective number of holdings. The number of equal-sized positions that would be as concentrated as the fund's actual weights.
- 38.0Taken over 97.58% 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 shares67.37%
- Bonds and bills19.25%
- Units of other funds10.96%
- Cash and receivables2.42%
- 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.−67.69%
- 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.67.69%
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 cap74.90%Category 75.59%
- Mid cap18.94%Category 19.51%
- Small cap6.16%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 & Mining10 companies | 0.02% | −0.07% | −0.03% | −0.02% | −0.03% | −0.04% | 0.00% | −0.03% | 0.01% | −0.04% | −0.06% | −0.01% | |
| Automobile And Auto Components11 companies | 0.00% | −0.03% | −0.02% | −0.02% | −0.04% | −0.01% | 0.01% | −0.01% | −0.01% | −0.03% | −0.03% | −0.01% | |
| Consumer Durables7 companies | 0.00% | −0.01% | −0.02% | −0.01% | −0.01% | −0.01% | 0.01% | −0.01% | 0.00% | −0.01% | −0.01% | −0.02% | |
| Power7 companies | 0.00% | −0.06% | 0.00% | −0.02% | −0.02% | −0.01% | 0.00% | 0.00% | 0.02% | −0.02% | 0.00% | 0.00% | |
| Services5 companies | 0.00% | −0.02% | 0.00% | −0.02% | −0.03% | −0.03% | 0.00% | −0.01% | −0.01% | −0.02% | 0.01% | −0.01% | |
| Chemicals4 companies | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | −0.02% | −0.01% | 0.00% | |
| Construction Materials2 companies | 0.00% | −0.02% | 0.00% | 0.00% | −0.01% | 0.00% | −0.01% | 0.00% | 0.00% | −0.02% | 0.00% | 0.00% | |
| Realty3 companies | 0.00% | 0.01% | −0.01% | −0.01% | −0.01% | 0.00% | 0.00% | −0.01% | −0.01% | 0.00% | −0.02% | −0.03% | |
| Textiles1 company | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | |
| Healthcare13 companies | −0.01% | 0.01% | 0.00% | −0.04% | −0.04% | −0.01% | 0.00% | −0.03% | 0.02% | −0.01% | 0.00% | −0.02% | |
| Information Technology5 companies | −0.01% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | −0.01% | −0.03% | −0.01% | −0.02% | |
| Construction3 companies | −0.01% | 0.01% | 0.00% | 0.00% | −0.02% | −0.01% | 0.00% | 0.00% | 0.00% | 0.00% | −0.02% | −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.
- Yield to maturityYield to maturity. The yearly return the fund's bonds would earn if each were held to maturity at today's price, weighted by what the fund holds of each.
- 6.98%Lines stating a yield: 88.83% of the bond book
- Yield after expensesYield after expenses. The yield to maturity less the plan's expense ratio.
- 5.17%Regular plan
- Macaulay durationMacaulay duration. The weighted average time, in years, until the fund's bonds pay back their interest and principal.
- 37days
- Modified durationModified duration. Roughly how much the bonds' value changes, in per cent, for each one point change in interest rates.
- 36days
- Average maturityAverage maturity. The weighted average time, in years, until the fund's bonds are repaid.
- 37days
- Maturity date knownMaturity date known. The share of the bond book, perpetual bonds left out, whose repayment date is known: the bonds the durations and the maturity profile are taken over.
- 100.00%Of the bond book, perpetual bonds left out
- Perpetual bondsPerpetual bonds. Bonds with no maturity date: the issuer pays interest with no fixed day to repay. Their share of the bond book; they are in no duration and no maturity window.
- None
The bond book is the fund's bonds, bills and overnight lending.
Credit rating
Credit rating. A rating agency's grade for how likely the borrower is to repay on time: AAA down to D for loans of over a year, A1+ down to A4 for loans of under a year, two scales that are never compared.Loans of over a year
- Sovereign0.94%
Loans of under a year
- A1+18.31%
Other
- Overnight lending2.42%
Per cent of the fund's net assets. A grade is stated for 100.00% of the bonds.
Maturity profile
Maturity profile. The fund's bonds grouped by how long until each is repaid, as a share of the fund's net assets; a bond with no known maturity date is left off.- Up to 1 month2.42%
- 1 to 3 monthsNone
- 3 to 6 months12.56%
- 6 to 12 months6.69%
- 1 to 3 yearsNone
- 3 to 5 yearsNone
- 5 to 10 yearsNone
- Over 10 yearsNone
Per cent of the fund's net assets, over the bonds whose maturity date is known; perpetual bonds have none.
- Largest borrowerLending to one borrower. The share of the fund lent to a single company or group of companies, government bonds left out.
- 4.25%Indian Bank
- Top 5 borrowersLending to one borrower. The share of the fund lent to a single company or group of companies, government bonds left out.
- 10.08%
- Top 10 borrowersLending to one borrower. The share of the fund lent to a single company or group of companies, government bonds left out.
- 10.08%
Per cent of the fund's net assets. Lent outside the government: 18.31% of the fund, to 4 borrowers; the borrower is named for 55.05% of it, its group for 23.21%.
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.
- 14930.91% 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.
- 15170.30% of the fund before
- 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.
- 77
- TrimmedTrimmed. Holdings with fewer units than the month before. Where the fund states no units, a weight that fell by more than a tenth.
- 105
- UnchangedUnchanged. Holdings with the same number of units as the month before. Their weight can still move with the price.
- 39
- 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.
- 30.91%
- 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.
- 76.44%
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. | ||||
|---|---|---|---|---|---|
| Bank of Baroda | Added | 2.89% | 1.45% | +1.44 pts | +2,000 |
| Indian Bank | Added | 2.83% | 1.42% | +1.41 pts | +2,000 |
| HDFC Bank Limited | Sold out | – | 0.74% | −0.74 pts | −1,000 |
| Axis Bank Limited | Sold out | – | 0.73% | −0.73 pts | −1,000 |
| Bank of Baroda | Trimmed | 0.36% | 1.09% | −0.73 pts | −1,000 |
| Indian Bank | Sold out | – | 0.73% | −0.73 pts | −1,000 |
| Indian Bank | Sold out | – | 0.73% | −0.73 pts | −1,000 |
| Kotak Mahindra Bank Limited | Sold out | – | 0.73% | −0.73 pts | −1,000 |
| Small Industries Development Bank of India | New | 0.73% | 0.00% | +0.73 pts | +1,000 |
| National Bank For Agriculture & Rural Development | Added | 1.44% | 0.72% | +0.72 pts | +1,000 |
| Bank of Baroda | Sold out | – | 0.71% | −0.71 pts | −1,000 |
| Indian Bank | New | 0.71% | 0.00% | +0.71 pts | +1,000 |
| Indian Bank | New | 0.71% | 0.00% | +0.71 pts | +1,000 |
| ICICI Bank | Added | 2.73% | 2.07% | +0.66 pts | +4,36,800 |
| Vodafone Idea | Trimmed | 3.05% | 3.58% | −0.53 pts | −82,91,100 |
Weights are per cent of the fund's net assets; a change in weight is in percentage points. Securities only: 317 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| DSP Money Market Fund | 9.31% | 9.35%Added | 9.38%Added | 10.21%Added | 10.22% | 11.14% | 10.98% | 11.22% | 11.10% | 10.81%Cut | 10.98% | 10.96% |
 HDFC Bank | 2.33%Added | 3.54%Added | 3.56%Added | 4.13%Added | 4.73%Added | 5.60%Added | 5.25%Cut | 4.91%Cut | 4.87%Cut | 4.18%Cut | 4.73%Added | 4.76%Added |
 Reliance Industries | 3.00%Added | 3.30%Added | 3.14%Cut | 3.12%Added | 3.10%Cut | 2.67%Cut | 2.89%Added | 3.91%Added | 4.59%Added | 4.60%Added | 4.48%Cut | 4.63%Added |
 Vodafone Idea | 0.85%Cut | 1.41%Added | 1.98%Added | 2.28%Added | 2.18%Added | 1.73%Cut | 2.00%Cut | 2.17%Cut | 2.96%Added | 3.15%Added | 3.58%Added | 3.05%Cut |
| Bank of Baroda | – | – | – | – | – | – | – | – | – | 1.42%Bought | 1.45% | 2.89%Added |
| Indian Bank | – | – | – | – | – | – | – | – | – | 0.70%Bought | 1.42%Added | 2.83%Added |
 ICICI Bank | 2.24%Added | 2.80%Added | 3.00%Added | 3.11%Added | 3.07%Cut | 3.17%Added | 3.23%Cut | 3.90%Added | 2.70%Cut | 2.12%Cut | 2.07%Cut | 2.73%Added |
 Axis Bank | 1.73%Added | 2.07%Added | 1.97%Added | 2.11%Cut | 1.48%Cut | 1.45%Added | 1.35%Cut | 1.58%Added | 1.51%Cut | 1.99%Added | 2.43%Added | 2.16%Cut |
 ITC | 1.73%Added | 2.20%Added | 2.19%Added | 1.88%Added | 1.83%Added | 1.87%Added | 2.10%Added | 1.83%Cut | 1.60%Cut | 1.69%Added | 1.67%Added | 1.69%Cut |
 Bharti Airtel | 0.76%Cut | 0.80%Added | 0.79%Added | 0.87%Added | 1.55%Added | 2.06%Added | 2.17%Added | 0.95%Cut | 1.24%Added | 1.83%Added | 1.77%Added | 1.62%Cut |
 Punjab National Bank | 1.01%Added | 1.07%Added | 1.22%Added | 1.26%Added | 1.44%Added | 1.20%Cut | 1.28%Added | 1.28%Added | 1.36%Added | 1.61%Added | 1.65%Added | 1.62%Cut |
 State Bank of India | 1.01%Added | 0.74%Cut | 1.09%Added | 0.93%Cut | 0.49%Cut | 1.02%Added | 1.05%Cut | 1.21%Added | 1.03%Cut | 1.47%Added | 1.52%Cut | 1.55%Added |
| National Bank For Agriculture & Rural Development | – | – | – | – | – | – | – | – | – | 0.71%Bought | 0.72% | 1.44%Added |
 Kotak Mahindra Bank | 1.96%Cut | 2.14%Added | 2.33%Added | 2.37%Added | 2.31%Cut | 2.23%Added | 2.41%Added | 1.76%Cut | 1.68%Cut | 1.70%Added | 1.67%Cut | 1.38%Cut |
 Steel Authority of India | 0.45%Cut | 0.44%Added | 0.42%Cut | 0.79%Added | 0.90%Added | 0.89% | 1.06% | 1.31%Added | 1.40%Added | 1.19%Cut | 1.42%Added | 1.32% |
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. The 126 holdings no longer held, sold or repaid within these months, are not listed.
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.0.53%
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.No losing month
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.0.85
−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.1.33
−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.0.69
0.51Lowest0.62Average0.89Highest
AlphaAlpha. The yearly return the fund made beyond what its beta to the benchmark accounts for.−0.49 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 100.61.4
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).0.78
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.88.1%
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 | −0.41% | 3 Aug 2026 | 6 Aug 2026 | 24 Aug 2026 |
| Since Jan 2018 | −0.61% | 16 Mar 2020 | 25 Mar 2020 | 31 Mar 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.
DSP 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. | ||
|---|---|---|---|---|---|---|---|---|
| Kaivalya NadkarniComanage (Equity portion) | Oct 2024 | +6.19%a year | – | – | 27.0% | 32.8% | 11 | ₹22,103 Cr₹4,747 Cr alone |
| Karan MundhraComanage (Debt portion) | Aug 2024 | +6.17%a year | – | – | 31.8% | 30.9% | 10 | ₹55,572 Cr |
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.
Other funds they run
| Fund | 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. | ||
|---|---|---|---|---|---|
| DSP Dynamic Asset Allocation FundKaivalya Nadkarni | Oct 2024 | +2.72%a year | – | – | ₹3,704 Cr |
| DSP Equity Savings FundKaivalya Nadkarni | Oct 2024 | +2.28%a year | – | – | ₹3,087 Cr |
| DSP Value FundKaivalya Nadkarni | Oct 2024 | +3.43%a year | −2.40% | +5.82 pts | ₹2,225 Cr |
| DSP World Gold Mining Overseas Equity Omni FoFKaivalya Nadkarni | May 2025 | +68.49%a year | – | – | ₹1,665 Cr |
| DSP Income Plus Arbitrage Omni FoFKaivalya Nadkarni | Mar 2025 | +5.16%a year | – | – | ₹1,621 Cr |
| DSP Global Innovation Overseas Equity Omni FoFKaivalya Nadkarni | May 2025 | +34.67%a year | – | – | ₹1,466 Cr |
| DSP US Specific Equity Omni FoFKaivalya Nadkarni | May 2025 | +44.74%a year | – | – | ₹1,280 Cr |
| DSP World Mining Overseas Equity Omni FoFKaivalya Nadkarni | May 2025 | +61.88%a year | – | – | ₹176 Cr |
| DSP Global Clean Energy Overseas Equity Omni FoFKaivalya Nadkarni | May 2025 | +40.67%a year | – | – | ₹107 Cr |
| DSP US Specific Debt Passive FoFKaivalya Nadkarni | May 2025 | +9.70%a year | – | – | ₹52 Cr |
Up to ten funds a manager, largest first. Returns are the regular plan's.
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. | |
|---|---|---|
| SBI Arbitrage FundSBI Mutual Fund | 54.27% | 149 |
| Edelweiss Arbitrage FundEdelweiss Mutual Fund | 51.84% | 146 |
| Bandhan Arbitrage FundBandhan Mutual Fund | 51.83% | 141 |
| Tata Arbitrage FundTata Mutual Fund | 51.24% | 139 |
| Axis Arbitrage FundAxis Mutual Fund | 51.07% | 146 |
| ICICI Prudential Arbitrage FundICICI Prudential Mutual Fund | 50.92% | 149 |
| Aditya Birla Sun Life Arbitrage FundAditya Birla Sun Life Mutual Fund | 50.40% | 157 |
| UTI Arbitrage FundUTI Mutual Fund | 49.89% | 134 |
| Nippon India Arbitrage FundNippon India Mutual Fund | 49.22% | 141 |
| HDFC Arbitrage FundHDFC Mutual Fund | 48.82% | 142 |
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. | |
|---|---|
| DSP Equity Savings FundDSP Mutual Fund | 33.51% |
| DSP Dynamic Asset Allocation FundDSP Mutual Fund | 26.11% |
| DSP Aggressive Hybrid FundDSP Mutual Fund | 19.78% |
| DSP Multi Asset Allocation FundDSP Mutual Fund | 17.37% |
| DSP Conservative Hybrid FundDSP Mutual Fund | 11.20% |
As the fund house states it, for Sep 2026.
DSP 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.Every fund's payouts
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 ₹0.05 a unit, Sep 2026.
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 | |
|---|---|---|---|---|
| 28 Sep 2026 | ₹0.05 | 0.42% | ₹11.8920 | ₹11.8170 |
| 28 Aug 2026 | ₹0.05 | 0.42% | ₹11.8940 | ₹11.8250 |
| 28 Jul 2026 | ₹0.05 | 0.42% | ₹11.8850 | ₹11.8390 |
| 25 Jun 2026 | ₹0.05 | 0.42% | ₹11.8810 | ₹11.8330 |
| 27 May 2026 | ₹0.05 | 0.42% | ₹11.8380 | ₹11.7690 |
| 28 Apr 2026 | ₹0.05 | 0.42% | ₹11.8670 | ₹11.8240 |
| 27 Mar 2026 | ₹0.05 | 0.42% | ₹11.8660 | ₹11.8210 |
| 27 Feb 2026 | ₹0.05 | 0.42% | ₹11.8650 | ₹11.8210 |
| 28 Jan 2026 | ₹0.05 | 0.42% | ₹11.8490 | ₹11.8010 |
| 26 Dec 2025 | ₹0.05 | 0.42% | ₹11.8380 | ₹11.7920 |
| 28 Nov 2025 | ₹0.05 | 0.42% | ₹11.8350 | ₹11.7910 |
| 28 Oct 2025 | ₹0.05 | 0.42% | ₹11.8240 | ₹11.7720 |
All 80 payouts since 28 Feb 2018.
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
2019
- 30 SepBenchmarkBenchmark: CRISIL Liquid Debt Index to Nifty 50 Arbitrage TRI
Fund details
Objective
The investment objective of the Scheme is to generate income through arbitrage opportunities between cash and derivative market and arbitrage opportunities within the derivative market. Investments may also be made in debt & money market instruments. However, there can be no assurance that the investment objective of the scheme will be achieved.
Asset allocation
- Under normal circumstances, when arbitrage opportunities are available and accessible, the asset allocation of the Scheme will be as follows: Table 1: 1. Equity & Equity related instruments : 65% - 100% 2. Certificate of deposits (CDs) / Government securities with maturity upto 1 year (including Repo on G-sec/ TREPS) / Units of Liquid Fund (including Liquid ETFs) / Money Market Fund / Overnight Fund or Schemes having Macaulay Duration of less than 1 year: 0% - 35%
- When adequate arbitrage opportunities are not available in the Derivative and equity markets Table 2: 1. Equity & Equity related instruments : 0% - 65% 2. Certificate of deposits (CDs) / Government securities with maturity upto 1 year (including Repo on G-sec/ TREPS / Units of Liquid Fund (including Liquid ETFs) / Money Market Fund / Overnight Fund or Schemes having Macaulay Duration of less than 1 year : 35% - 100%
- For detailed asset allocation pattern, please refer to the Scheme Information Document
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
- 15 Jan 2018 to 22 Jan 2018
- Units first allotted
- 25 Feb 2018
- Open for sale again
- 29 Jan 2018
- Price at the offer
- ₹10 a unit
- Minimum at the offer
- ₹1,000
Plans and codes
| Plan | AMFI code | ISIN | ISIN, reinvestment | MUTF_IN | First NAV |
|---|---|---|---|---|---|
| Direct Growth | 142283 | INF740KA1DN4 | DSP_ARBI_DIR_UN122 | 29 Jan 2018 | |
| Regular Growth | 142282 | INF740KA1DI4 | DSP_ARBI_GR_1L76VO8 | 29 Jan 2018 | |
| Direct IDCW | 142279 | INF740KA1DO2 | INF740KA1DP9 | DSP_ARBI_DIR_1PGEO34 | 29 Jan 2018 |
| Regular IDCW | 142278 | INF740KA1DL8 | INF740KA1DM6 | DSP_ARBI_MLY_UP4JUF | 29 Jan 2018 |
This fund
- Scheme information documentThe fund's objective, terms, costs and risks in full
Factsheet
- Factsheet September 2026DSP Mutual Fund, Sep 2026
Statement of additional information
- SAI DSP Mutual FundDSP Mutual Fund, Oct 2026
Annual report
- Annual Report for the Financial Year 2025 – 2026 (For all DSP Schemes)DSP Mutual Fund, Mar 2026
- Abridged Annual Reports For Financial Year 2025-26 (For our Fixed Maturity Plans (Live and Matured))DSP Mutual Fund, Mar 2026
- Abridged Annual Reports For Financial Year 2025-26 (For our Equity Schemes)DSP Mutual Fund, Mar 2026
- Abridged Annual Reports For Financial Year 2025-26 (For our Hybrid Schemes and Multi Asset Scheme)DSP Mutual Fund, Mar 2026
Riskometer disclosure
- Changes in risk level of schemes and other details during FY 2025- 2026DSP Mutual Fund, Mar 2026
Portfolio overlap disclosure
- Portfolio overlap 30 sepDSP Mutual Fund, Sep 2026