HDFC Income Plus Arbitrage Active FOF Regular Growth NAV today
AMFI: 130533ISIN: INF179KA1SF8MUTF_IN: HDFC_INC_PLUS_GW525AHDFC Mutual FundFund of Funds
Formerly HDFC Dynamic Pe Ratio Fund of Funds
NAV ₹41.3329up ₹0.02 (0.05%)
NAV for 23 Oct 2026, against 22 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.
- ₹2,626 CrAug 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.
- 0.34%18 Oct 2026
- Exit loadExit load. A charge, as a share of the amount redeemed, on units sold before a set period has passed since they were bought.
- None
- 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.
- ModerateAug 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.
- 330 Sep 2026
- LaunchedLaunch date. The day the fund first allotted units to investors, at the close of its new fund offer.
- 6 Feb 2012
HDFC Income Plus Arbitrage Active FOF returns
Regular Growth plan
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). |
|---|---|
| 1 week | −0.09% |
| 1 month | −0.21% |
| 3 months | +0.46% |
| 6 months | +2.17% |
| 1 year | +4.40% |
| 3 years | +8.50% |
| 5 years | +9.34% |
| 10 years | +10.18% |
₹10,000 put in on 30 Jun 2014 is ₹33,747 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.
At the month end, 31 Aug 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). |
|---|---|
| 1 year | +5.55% |
| 3 years | +8.46% |
| 5 years | +9.94% |
| 10 years | +10.45% |
| Since launch | +10.22% |
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.
- Loss
Highest year to Dec 2017, +23.6%; lowest year to Dec 2018, −2.3%
HDFC Income Plus Arbitrage Active FOF 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 | ₹1,22,539₹1,22,532 after stamp duty | +4.12% | +4.11% | ₹6 | |
| 3 years36 instalments | ₹3,60,000 | ₹3,85,961₹3,85,941 after stamp duty | +4.64% | +4.64% | ₹18 | |
| 5 years60 instalments | ₹6,00,000 | ₹7,40,238₹7,40,201 after stamp duty | +8.41% | +8.40% | ₹30 | |
| 10 years120 instalments | ₹12,00,000 | ₹20,76,358₹20,76,306 after stamp duty | +10.61% | +10.61% | ₹38 | |
| Since Jun 2014148 instalments | ₹14,80,000 | ₹29,30,498₹29,30,446 after stamp duty | +10.54% | +10.54% | ₹38 |
Rolling returns
Per cent a year, every window from 30 Jun 2014 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 year2,790 windows−19.8%+11.0%+54.4%86.6%
3 years2,297 windows−2.7%+11.5%+24.0%98.1%
5 years1,805 windows+1.5%+11.4%+20.5%100.0%
10 years573 windows+10.0%+11.3%+13.1%100.0%
Every 5 and 10-year window ended higher than it started.
HDFC Income Plus Arbitrage Active FOF 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.
- 0.32 ptsA year, on 18 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.
- 0.02%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.
- 0.34%Over the last 30 days filed
Total expense ratio, month by month
- Regular plan
- Direct plan
Direct plan highest 0.70%, Apr 2021.Direct plan at its lowest since Oct 2018 in the latest month.
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. | 0.02% | 0.29% |
| Brokerage | None | None |
| Transaction costs | None | None |
| Statutory levies | None | 0.05% |
Per cent of assets a year, filed for 18 Oct 2026. The parts add up to that day's total.
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
- 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
As listed for this plan on 24 Oct 2026.
HDFC Income Plus Arbitrage Active FOF 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.
- ₹2,583 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.
- 84.5%Of the quarter's average
- Less the house's funds of fundsAverage assets, excluding the house's funds of funds. The quarter's average assets less the money the same fund house's funds of funds hold in this fund, so that money is not counted twice.
- ₹0.00 CrQuarter to Sep 2026
Average assets by quarter, by plan
- Regular plans
- Direct plans
The latest quarter is the largest since the quarter to Jun 2014.
Assets at each month end
The latest month end is the highest since Feb 2019.Lowest ₹15 Cr, Mar 2020.
HDFC Income Plus Arbitrage Active FOF portfolio
Portfolio disclosed for 30 Sep 2026.
Holdings 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. | 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. | |||
|---|---|---|---|---|
| HDFC Corporate Bond Fund | 44.63% | 1,181.37 | 33,61,54,858 | Apr 2021or earlier |
| HDFC Arbitrage Fund | 36.72% | 972.01 | 44,56,29,422 | Feb 2025 |
| HDFC Money Market Fund | 16.94% | 448.31 | 7,09,144 | Aug 2025 |
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. | ||
|---|---|---|
| TREPS - Tri-party Repo | 1.74% | 45.96 |
| Net Current Assets | −0.03% | −0.80 |
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.
- 44.63%HDFC Corporate Bond Fund
- Top 5 holdingsTop 5 holdings. The share of the fund held in its five largest positions.
- 98.29%
- Top 10 holdingsTop 10 holdings. The share of the fund held in its ten largest positions.
- 98.29%
- Effective holdingsEffective number of holdings. The number of equal-sized positions that would be as concentrated as the fund's actual weights.
- 2.7Taken over 98.29% 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.- Units of other funds98.29%
- Cash and receivables1.71%
Per cent of the fund's net assets.
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.
- 0
- 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.
- 0
- 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.
- 0
- TrimmedTrimmed. Holdings with fewer units than the month before. Where the fund states no units, a weight that fell by more than a tenth.
- 0
- UnchangedUnchanged. Holdings with the same number of units as the month before. Their weight can still move with the price.
- 3
- 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.
- 0.00%
- 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.
- 0.63%
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| HDFC Corporate Bond Fund | 54.73%Added | 53.83%Added | 51.97%Added | 43.14%Cut | 44.12%Added | 44.80%Added | 43.65%Cut | 44.39%Cut | 44.82%Added | 45.25%Added | 45.07%Added | 44.63% |
| HDFC Arbitrage Fund | 40.71%Added | 39.19%Added | 40.80%Added | 36.44%Cut | 35.34% | 36.56%Added | 37.09%Added | 36.34%Cut | 36.50%Added | 37.06%Added | 36.86% | 36.72% |
| HDFC Money Market Fund | 4.28%Added | 6.66%Added | 7.02%Added | 18.71%Added | 18.17%Added | 18.52%Added | 18.72%Added | 18.47%Cut | 17.85%Cut | 16.88%Added | 16.99%Added | 16.94% |
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.
Risk ratios
NAV to 23 Oct 2026
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.5.26%
Downside deviationDownside deviation. Standard deviation counting only the months in which the fund lost money, stated as a yearly figure.2.78%
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.0.39
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.0.58
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 year | −0.31% | 8 May 2026 | 21 May 2026 | 4 Jun 2026 |
| 3 years | −7.60% | 26 Sep 2024 | 4 Mar 2025 | 24 Feb 2026 |
| 5 years | −8.90% | 11 Apr 2022 | 20 Jun 2022 | 11 Aug 2022 |
| 10 years and since Jun 2014 | −23.26% | 17 Jan 2020 | 23 Mar 2020 | 13 Aug 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. |
|---|---|---|
| Mar 2025 to Aug 202618 months | Moderate | Low to Moderate40% NIFTY 50 Arbitrage Index + 60% NIFTY Composite Debt Index |
| Feb 20251 month | High | NIFTY 50 Arbitrage TRI(35.00), NIFTY 1D Rate Index(5.00), NIFTY Composite Debt Index A-III(60.00) |
| Oct 2021 to Jan 202540 months | High | HighNIFTY 50 Hybrid Composite Debt 65:35 Index |
The riskometer at each month end, the fund's and its benchmark's. A month with none on record is left out.
HDFC Income Plus Arbitrage Active FOF 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. | ||
|---|---|---|---|---|---|---|---|---|
| Anil BamboliFund manager | Jun 2014 | +10.40%a year | – | – | – | – | 15 | ₹2,14,749 Cr₹2,626 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.
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. | ||
|---|---|---|---|---|---|
| HDFC Balanced Advantage FundAnil Bamboli | Jul 2022 | +13.47%a year | – | – | ₹1,02,534 Cr |
| HDFC Arbitrage FundAnil Bamboli | Feb 2022 | +6.34%a year | – | – | ₹25,509 Cr |
| HDFC Ultra Short Term FundAnil Bamboli | Sep 2018 | +6.29%a year | – | – | ₹15,675 Cr |
| HDFC Floating Interest Rates FundAnil Bamboli | Mar 2026 | +2.99%over 221 days | – | – | ₹15,659 Cr |
| HDFC Short Term FundAnil Bamboli | Jun 2010 | +7.81%a year | – | – | ₹14,219 Cr |
| HDFC Childrens FundAnil Bamboli | Oct 2022 | +10.14%a year | – | – | ₹10,339 Cr |
| HDFC Multi-Asset Active FOFAnil Bamboli | May 2021 | +12.52%a year | – | – | ₹5,956 Cr |
| HDFC Multi Asset Allocation FundAnil Bamboli | Aug 2005 | – | – | – | ₹5,782 Cr |
| HDFC Equity Savings FundAnil Bamboli | Sep 2004 | – | – | – | ₹5,532 Cr |
| HDFC Banking and PSU Debt FundAnil Bamboli | Mar 2014 | +7.31%a year | – | – | ₹5,055 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. | |
|---|---|---|
| Aditya Birla Sun Life Conservative Hybrid Active FOFAditya Birla Sun Life Mutual Fund | 37.54% | 1 |
| HDFC Income Plus Arbitrage Omni FOFHDFC Mutual Fund | 36.05% | 1 |
| Aditya Birla Sun Life Dynamic Asset Allocation Omni FOFAditya Birla Sun Life Mutual Fund | 11.79% | 1 |
| Aditya Birla Sun Life Aggressive Hybrid Omni FOFAditya Birla Sun Life Mutual Fund | 10.64% | 1 |
| HDFC Multi-Asset Active FOFHDFC Mutual Fund | 7.88% | 1 |
Portfolios for Sep 2026. Overlap is per cent of the portfolio the two funds hold in common.
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
2025
- 30 AprBenchmarkBenchmark: NIFTY 50 Arbitrage TRI(35.00), NIFTY 1D Rate Index(5.00), NIFTY Composite Debt Index A-III(60.00) to 40% NIFTY 50 Arbitrage Index + 60% NIFTY Composite Debt Index
- 31 MarBenchmarkBenchmark: NIFTY 50 Hybrid Composite Debt 65:35 Index to NIFTY 50 Arbitrage TRI(35.00), NIFTY 1D Rate Index(5.00), NIFTY Composite Debt Index A-III(60.00)
Fund details
Objective
To generate income / long-term capital appreciation by investing in units of Arbitrage and Debt schemes. There is no assurance that the investment objective of the Scheme will be achieved.
Asset allocation
- Units of Arbitrage Fund and Debt Mutual Fund Schemes# : 95% - 100%
- Debt Securities & Money Market Instruments@: 0% - 5%
- For detailed asset allocation, refer Scheme Information Document (SID) available on the website.
Type of scheme
An open ended Fund of Fund scheme investing in Arbitrage and Debt Mutual Fund Schemes
- Stated category
- Hybrid FOF
- BenchmarkBenchmark. The index the fund house chose to measure the fund against, in its total return form, with dividends added back.
- 40% NIFTY 50 Arbitrage Index + 60% NIFTY Composite Debt Index
- New fund offer
- 17 Jan 2012 to 31 Jan 2012
- Units first allotted
- 6 Feb 2012
- Price at the offer
- ₹10 a unit
- Minimum at the offer
- ₹100
Plans and codes
| Plan | AMFI code | ISIN | MUTF_IN | First NAV |
|---|---|---|---|---|
| Direct Growth | 130543 | INF179KA1SC5 | HDFC_INC_PLUS_1LD3A5Z | 30 Jun 2014 |
| Regular Growth | 130533 | INF179KA1SF8 | HDFC_INC_PLUS_GW525A | 30 Jun 2014 |
| Direct IDCW | 130547 | INF179KA1SD3 | HDFC_INC_PLUS_196ZXAC | 30 Jun 2014 |
| Regular IDCW | 130540 | INF179KA1SG6 | HDFC_INC_PLUS_1QPD37C | 30 Jun 2014 |
This fund
- Scheme information document (opens in a new tab)The fund's objective, terms, costs and risks in full
Factsheet
- HDFC MF Factsheet - September 2026 (opens in a new tab)HDFC Mutual Fund, Sep 2026
- HDFC MF Index Factsheet - September 2026 (opens in a new tab)HDFC Mutual Fund, Sep 2026
Statement of additional information
- SAI HDFC Mutual Fund (opens in a new tab)HDFC Mutual Fund, Oct 2026
Annual report
- HDFC Mutual Fund - Trustee Report- FY- 2025- 2026 (opens in a new tab)HDFC Mutual Fund, Mar 2026
- HDFC Flexi Cap Fund - Auditor's Report, Balance Sheet, Revenue Account & Schedules (Scheme Financials) (opens in a new tab)HDFC Mutual Fund, Mar 2026
- HDFC Flexi Cap Fund - Notes to Accounts (Scheme Financials) (opens in a new tab)HDFC Mutual Fund, Mar 2026
- HDFC ELSS - Tax Saver Fund - Auditor's Report, Balance Sheet, Revenue Account & Schedules (Scheme Financials) (opens in a new tab)HDFC Mutual Fund, Mar 2026
Riskometer disclosure
- Annual Disclosure of Riskometers - HDFC MF - as at March 31, 2026 - Final (opens in a new tab)HDFC Mutual Fund, Mar 2026
- Annual Disclosure of Riskometers - HDFC MF - as at March 31, 2026 (opens in a new tab)HDFC Mutual Fund, Mar 2026
Portfolio overlap disclosure
- Portfolio Overlap 30 Sep (opens in a new tab)HDFC Mutual Fund, Sep 2026