ITI Arbitrage Fund Regular IDCW NAV today
AMFI: 147616ISIN: INF00XX01424MUTF_IN: ITI_ARBI_REG_8BW1RPITI Mutual FundArbitrage funds
NAV ₹13.9387
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.
- ₹65 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.
- 17.430 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.
- 3030 Sep 2026
- LaunchedLaunch date. The day the fund first allotted units to investors, at the close of its new fund offer.
- 9 Sep 2019
ITI 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 | +0.26% | +0.03% | – | – | – |
| 1 month | +0.61% | +0.67% | 13 of 39 | +0.59% | +0.5% to +0.6% |
| 3 months | +1.37% | +1.81% | 36 of 38 | +1.51% | +1.5% to +1.6% |
| 6 months | +2.48% | +3.41% | 36 of 37 | +2.90% | +2.8% to +3.0% |
| 1 year | +5.76% | +7.43% | 31 of 34 | +6.11% | +5.9% to +6.2% |
| 3 years | +6.48% | +7.43% | 18 of 26 | +6.54% | +6.4% to +6.7% |
| 5 years | +5.50% | +6.78% | 22 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 12 Sep 2019 is ₹13,914 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 | +5.71% | +7.33% |
| 3 years | +6.49% | +7.42% |
| 5 years | +5.41% | +6.69% |
| Since launch | +4.75% | +5.74% |
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, +7.2%; lowest year to Dec 2021, +2.4%Above the benchmark in 1 of 6 years
ITI 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 | ₹1,23,375₹1,23,369 after stamp duty | +5.49% | +5.48% | ₹6 | |
| 3 years36 instalments | ₹3,60,000 | ₹3,94,469₹3,94,449 after stamp duty | +6.12% | +6.12% | ₹18 | |
| 5 years60 instalments | ₹6,00,000 | ₹6,99,582₹6,99,547 after stamp duty | +6.13% | +6.13% | ₹30 | |
| Since Sep 201985 instalments | ₹8,50,000 | ₹10,35,193₹10,35,147 after stamp duty | +5.51% | +5.51% | ₹38 |
10 years: Launched 9 Sep 2019, 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 12 Sep 2019 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 year1,506 windows+1.7%+4.7%+7.8%100.0%
3 years1,013 windows+2.4%+4.9%+7.0%100.0%
5 years522 windows+4.1%+4.8%+5.5%100.0%
10 yearsLaunched 9 Sep 2019, 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.
ITI 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.
- 0.70 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.
- 1.10%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.
- 1.80%Over the last 30 days filed
Total expense ratio, month by month
- Regular plan
- Direct plan
Direct plan highest 1.15%, Jul 2026.Direct plan lowest 0.16%, Jun 2022.
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. | 0.21% | 0.81% |
| Brokerage | 0.21% | 0.21% |
| Transaction costs | None | None |
| Statutory levies | 0.68% | 0.78% |
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
10% of the units allotted may be redeemed without any exit load, on or before completion of 15 days from the date of allotment of units. Any redemption in excess of such limit in the first 15 days from the date of allotment shall be subject to the following exit load: i. 0.25% if redeemed or switched out on or before completion of 15 days from the date of allotment of units ii. Nil, if redeemed or switched out after completion of 15 days from the date of allotment of units.MoreLess
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 instalments, at least
- Daily- 30 ; Weekly/Monthly -12 or 6
- 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 minimum
- Daily: Rs. 500/-/ Weekly and Monthly:Rs. 500/
- SIP dates
- Daily (Every Business Day), Weekly (Any Day from Monday to Friday),Monthly (Every Business Day)
As listed for this plan on 24 Oct 2026.
ITI 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.
- ₹68 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.
- 16.3%Of the quarter's average
Average assets by quarter, by plan
- Regular plans
- Direct plans
Largest ₹83 Cr, quarter to Jun 2026.
Assets at each month end
Highest ₹88 Cr, May 2026.Lowest ₹6 Cr, Apr 2023.
ITI 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. | ||||
|---|---|---|---|---|---|---|
| ITI Liquid Fund | Fund units | 14.82% | 9.59 | 64,942 | Apr 2023 | |
| One 97 CommunicationsFinancial Technology (Fintech) | Shares | Mid cap146th | 8.83% | 5.72 | 34,075 | Feb 2025 |
| HDFC BankBanks | Shares | Large cap2nd | 5.69% | 3.69 | 52,000 | Mar 2026 |
| Cummins IndiaIndustrial Products | Shares | Large cap72nd | 4.56% | 2.95 | 6,200 | Oct 2025 |
| Power Finance CorporationFinance | Shares | Large cap68th | 4.44% | 2.88 | 88,400 | Feb 2026 |
| Adani Ports and Special Economic ZoneTransport Infrastructure | Shares | Large cap21st | 3.56% | 2.31 | 12,825 | Oct 2023 |
| Bharti AirtelTelecom - Services | Shares | Large cap3rd | 3.22% | 2.09 | 11,875 | Mar 2026 |
| Varun BeveragesBeverages | Shares | Large cap52nd | 3.06% | 1.98 | 45,900 | Jan 2026 |
| AU Small Finance BankBanks | Shares | Mid cap145th | 2.34% | 1.52 | 15,000 | May 2026 |
| Shriram FinanceFinance | Shares | Large cap42nd | 2.25% | 1.46 | 14,850 | Feb 2025 |
| IndusInd BankBanks | Shares | Mid cap152nd | 2.14% | 1.39 | 15,400 | Apr 2026 |
| RBL BankBanks | Shares | Small cap346th | 1.98% | 1.28 | 31,750 | Jan 2026 |
| Godfrey Phillips IndiaCigarettes & Tobacco Products | Shares | Mid cap249th | 1.93% | 1.25 | 6,600 | May 2026 |
| ICICI Lombard General Insurance CompanyInsurance | Shares | Mid cap122nd | 1.92% | 1.24 | 7,800 | Aug 2026 |
| National Aluminium CompanyNon - Ferrous Metals | Shares | Mid cap151st | 1.78% | 1.15 | 33,750 | Jul 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. | |||
|---|---|---|---|
| One 97 Communications Limited | −8.86% | −5.74 | −34,075 |
| HDFC Bank Limited | −5.75% | −3.72 | −52,000 |
| Cummins India Limited | −4.59% | −2.97 | −6,200 |
| Power Finance Corporation Limited | −4.49% | −2.90 | −88,400 |
| Adani Ports and Special Economic Zone Limited | −3.54% | −2.29 | −12,825 |
| Bharti Airtel Limited | −3.24% | −2.10 | −11,875 |
| Varun Beverages Limited | −3.06% | −1.98 | −45,900 |
| AU Small Finance Bank Limited | −2.34% | −1.52 | −15,000 |
| Shriram Finance Limited | −2.26% | −1.46 | −14,850 |
| IndusInd Bank Limited | −2.14% | −1.39 | −15,400 |
| RBL Bank Limited | −2.00% | −1.30 | −31,750 |
| Godfrey Phillips India Limited | −1.95% | −1.26 | −6,600 |
| ICICI Lombard General Insurance Company Limited | −1.90% | −1.23 | −7,800 |
| National Aluminium Company Limited | −1.79% | −1.16 | −33,750 |
| Hindustan Petroleum Corporation Limited | −1.66% | −1.07 | −30,375 |
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) | 11.46% | 7.43 |
| TREPS 01-Oct-2026 | 8.37% | 5.42 |
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.
- 14.82%ITI Liquid Fund
- Top 5 holdingsTop 5 holdings. The share of the fund held in its five largest positions.
- 38.34%
- Top 10 holdingsTop 10 holdings. The share of the fund held in its ten largest positions.
- 52.77%
- Top 10 sharesTop 10 shares. The share of the fund held in its ten largest shareholdings, bonds and fund units left out.
- 40.09%
- Effective holdingsEffective number of holdings. The number of equal-sized positions that would be as concentrated as the fund's actual weights.
- 14.1Taken over 80.17% 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 shares65.35%
- Units of other funds14.82%
- Cash and receivables19.83%
- 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.−65.59%
- 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.65.59%
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 cap54.14%Category 75.59%
- Mid cap41.41%Category 19.51%
- Small cap4.45%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.2sectors
- Services0.02%Category 0.09%
- Information Technology0.01%Category 0.10%
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 | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Services1 company | 0.02% | −0.13% | −0.01% | −0.03% | −0.01% | 0.00% | 0.00% | −0.02% | 0.00% | −0.02% | −0.03% | −0.02% | |
| Information Technology1 company | 0.01% | −0.01% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | −0.02% | −0.02% | −0.02% | −0.02% | −0.01% | |
| Automobile And Auto Components | 0.00% | −0.02% | −0.01% | −0.01% | −0.03% | −0.02% | 0.00% | −0.01% | −0.01% | 0.00% | 0.00% | 0.00% | |
| Healthcare | 0.00% | 0.00% | 0.01% | −0.01% | −0.01% | −0.02% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | |
| Consumer Durables2 companies | 0.00% | −0.03% | −0.01% | 0.00% | −0.01% | 0.00% | 0.02% | −0.01% | −0.01% | 0.00% | 0.00% | 0.00% | |
| Consumer Services | 0.00% | 0.00% | −0.02% | −0.02% | −0.02% | −0.03% | 0.00% | 0.00% | −0.01% | −0.03% | −0.04% | −0.01% | |
| Power1 company | 0.00% | −0.02% | 0.00% | 0.00% | −0.01% | −0.01% | 0.00% | 0.00% | 0.00% | 0.00% | −0.01% | −0.01% | |
| Chemicals | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | |
| Construction Materials1 company | 0.00% | −0.02% | −0.01% | −0.02% | −0.01% | −0.01% | 0.00% | −0.01% | 0.00% | −0.01% | −0.01% | −0.02% | |
| Construction1 company | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | −0.01% | −0.01% | |
| Realty | 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% |
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.
- 44.92% 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.
- 610.16% 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.
- 4
- TrimmedTrimmed. Holdings with fewer units than the month before. Where the fund states no units, a weight that fell by more than a tenth.
- 4
- UnchangedUnchanged. Holdings with the same number of units as the month before. Their weight can still move with the price.
- 47
- 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.
- 4.92%
- 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.
- 16.41%
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. | ||||
|---|---|---|---|---|---|
| Bandhan Bank | Sold out | – | 2.24% | −2.24 pts | −86,400 |
| UNO Minda | Sold out | – | 2.01% | −2.01 pts | −9,900 |
| Hindustan Petroleum Corporation | New | 1.64% | 0.00% | +1.64 pts | +30,375 |
| Jio Financial Services | Sold out | – | 0.81% | −0.81 pts | −21,150 |
| Larsen & Toubro | New | 0.81% | 0.00% | +0.81 pts | +1,400 |
| ICICI Lombard General Insurance Company | Added | 1.92% | 1.13% | +0.79 pts | +3,250 |
| Godfrey Phillips India | Added | 1.93% | 1.29% | +0.64 pts | +2,750 |
| National Aluminium Company | Added | 1.78% | 1.14% | +0.64 pts | +15,000 |
| AU Small Finance Bank | Added | 2.34% | 1.72% | +0.62 pts | +5,000 |
Weights are per cent of the fund's net assets; a change in weight is in percentage points. Securities only: 9 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ITI Liquid Fund | 19.33% | 18.13% | 18.01% | 17.19% | 18.99% | 12.76% | 10.69% | 10.65% | 13.21% | 13.37% | 15.17% | 14.82% |
 One 97 Communications | 8.04% | 7.61% | 7.40% | 6.15% | 6.53% | 4.48%Added | 4.26% | 4.32% | 5.43% | 6.44% | 9.29% | 8.83% |
 HDFC Bank | – | – | – | – | – | 4.19%Bought again | 4.56%Added | 4.36% | 5.79%Added | 5.47% | 5.85% | 5.69% |
 Cummins India | 1.48%Bought again | 2.31%Added | 3.31%Added | 3.84%Added | 6.23%Added | 3.83% | 3.73% | 4.13% | 4.90% | 4.81% | 5.02% | 4.56% |
 Power Finance Corporation | 7.25% | 6.09% | 2.90%Cut | Sold out | 3.09%Bought again | 3.25%Added | 4.53%Added | 4.29% | 5.24% | 5.28% | 4.72% | 4.44% |
 Adani Ports and Special Economic Zone | 3.96% | 3.86% | 3.70% | 3.40% | 4.00% | 2.31% | 2.43% | 2.62% | 3.24% | 3.06% | 3.24% | 3.56% |
 Bharti Airtel | – | – | – | – | – | 2.90%Bought again | 2.56% | 2.46% | 3.07% | 3.29% | 3.42% | 3.22% |
 Varun Beverages | – | – | – | 2.67%Bought again | 2.81% | 2.37%Added | 2.64% | 2.69% | 3.25%Added | 2.86% | 2.92% | 3.06% |
 AU Small Finance Bank | – | – | – | – | – | – | – | 1.12%Bought | 1.45% | 1.47% | 1.72% | 2.34%Added |
 Shriram Finance | 0.92%Cut | 0.98% | 1.13% | 1.10% | 1.28% | 2.27%Added | 2.03% | 2.04% | 4.32%Added | 4.37% | 2.62%Cut | 2.25% |
 IndusInd Bank | 3.55% | 3.58% | 3.56% | Sold out | – | – | 0.95%Bought again | 0.94% | 1.17% | 1.30% | 2.49%Added | 2.14% |
 RBL Bank | – | – | – | 2.83%Bought again | 4.79%Added | 2.90% | 2.81% | 2.85% | 3.76% | 3.86% | 1.92%Cut | 1.98% |
 Godfrey Phillips India | – | – | – | – | – | – | – | 1.00%Bought | 1.17% | 1.16% | 1.29% | 1.93%Added |
 ICICI Lombard General Insurance Company | – | – | – | – | – | – | – | – | – | – | 1.13%Bought again | 1.92%Added |
 National Aluminium Company | – | – | – | – | – | – | – | – | – | 0.92%Bought again | 1.14% | 1.78%Added |
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
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.0.54%
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.0.81
−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.1.22
−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.0.63
0.51Lowest0.62Average0.89Highest
AlphaAlpha. The yearly return the fund made beyond what its beta to the benchmark accounts for.−0.43 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 100.50.0
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).0.71
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.87.9%
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 | −0.59% | 18 Sep 2026 | 29 Sep 2026 | 12 Oct 2026 |
| Since Sep 2019 | −0.62% | 16 Mar 2020 | 7 Apr 2020 | 5 May 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.
ITI 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. | ||
|---|---|---|---|---|---|---|---|---|
| Vikas NathaniFund Manager | Jan 2024 | +6.44%a year | – | – | 60.3% | 61.3% | 1 | ₹65 Cr |
| Animesh SinghFund manager | May 2026 | +2.10%over 161 days | – | – | 23.8% | 40.4% | 5 | ₹1,362 Cr |
| Laukik BagweFund manager and Head - Fixed Income | Feb 2025 | +5.88%a year | – | – | 45.6% | 33.8% | 8 | ₹818 Cr₹289 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. | ||
|---|---|---|---|---|---|
| ITI Banking and Financial Services FundAnimesh Singh | May 2026 | −2.38%over 161 days | −1.64% | −0.74 pts | ₹362 Cr |
| ITI Bharat Consumption FundAnimesh Singh | May 2026 | +1.58%over 161 days | −4.41% | +5.99 pts | ₹350 Cr |
| ITI Balanced Advantage FundAnimesh Singh | May 2026 | −1.53%over 161 days | – | – | ₹320 Cr |
| ITI Pharma and Healthcare FundAnimesh Singh | May 2026 | +2.46%over 161 days | +2.03% | +0.43 pts | ₹266 Cr |
| ITI Balanced Advantage FundLaukik Bagwe | Feb 2025 | +1.13%a year | – | – | ₹320 Cr |
| ITI Ultra Short Term FundLaukik Bagwe | Feb 2025 | +5.95%a year | – | – | ₹167 Cr |
| ITI Multi Asset Allocation FundLaukik Bagwe | Sep 2026 | −2.29%over 36 days | – | – | ₹144 Cr |
| ITI Liquid FundLaukik Bagwe | Feb 2025 | +6.19%a year | – | – | ₹52 Cr |
| ITI Banking & PSU Debt FundLaukik Bagwe | Feb 2025 | +5.39%a year | – | – | ₹34 Cr |
| ITI Dynamic Term FundLaukik Bagwe | Feb 2025 | +1.85%a year | – | – | ₹24 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. | |
|---|---|---|
| Samco Arbitrage FundSamco Mutual Fund | 20.39% | 6 |
| Motilal Oswal Arbitrage FundMotilal Oswal Mutual Fund | 18.99% | 20 |
| Invesco India Arbitrage FundInvesco Mutual Fund | 17.88% | 28 |
| SBI Arbitrage FundSBI Mutual Fund | 17.41% | 28 |
| Old Bridge Arbitrage FundOld Bridge Mutual Fund | 17.14% | 15 |
| Bajaj Finserv Arbitrage FundBajaj Finserv Mutual Fund | 16.69% | 22 |
| PGIM India Arbitrage FundPGIM India Mutual Fund | 16.22% | 8 |
| Franklin India Arbitrage FundFranklin Templeton Mutual Fund | 16.17% | 24 |
| Trustmf Arbitrage FundTrust Mutual Fund | 15.73% | 15 |
| HSBC Arbitrage FundHSBC Mutual Fund | 15.66% | 25 |
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. | |
|---|---|
| ITI Balanced Advantage FundITI Mutual Fund | 10.59% |
| ITI Multi Asset Allocation FundITI Mutual Fund | 4.13% |
As the fund house states it, for Sep 2026.
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 investment objective of the Scheme is to generate income by predominantly investing in arbitrage opportunities in the cash and derivative segments of the equity markets and the arbitrage opportunities available within the derivative segment and by investing the balance in debt and money market instruments. However, there is no assurance that the investment objective of the scheme will be realized.
Asset allocation
- Equity & and Units issued by REITs, Equity related instruments including derivatives- 65%- 100%, Debt instruments (including floating rate debt instruments and securitized debt)* with maturity up to 91 days only - 0%-35%.Under defensive circumstances, the asset allocation would be as follows Equity and Units issued by REITs, Equity related instruments including derivatives - 0%-35%, Debt instruments (including floating rate debt instruments and securitized debt)* with maturity up to 91 days only - 65%-100%
Type of scheme
An open ended scheme investing in arbitrage opportunities. No investment in InvITs is permitted
- 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.
- Moderately Low risk
- New fund offer
- 20 Aug 2019 to 3 Sep 2019
- Units first allotted
- 9 Sep 2019
- Open for sale again
- 12 Sep 2019
- 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 | 147617 | INF00XX01440 | ITI_ARBI_DIR_Z78N61 | 12 Sep 2019 | |
| Regular Growth | 147618 | INF00XX01416 | ITI_ARBI_REG_1GQ9RVF | 12 Sep 2019 | |
| Direct IDCW | 147615 | INF00XX01457 | INF00XX01465 | ITI_ARBI_DIR_58F18C | 12 Sep 2019 |
| Regular IDCW | 147616 | INF00XX01424 | INF00XX01432 | ITI_ARBI_REG_8BW1RP | 12 Sep 2019 |
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)ITI Mutual Fund, Sep 2026
Statement of additional information
- SAI ITI Mutual Fund (opens in a new tab)ITI Mutual Fund, Oct 2026
Annual report
- Abridged Annual Report - ITI Mutual Fund 2025-26 (opens in a new tab)ITI Mutual Fund, Mar 2026
- Consolidated Annual Report - ITI Mutual Fund 2025-26 (opens in a new tab)ITI Mutual Fund, Mar 2026
Riskometer disclosure
- Disclosure Of Risk-O-Meter Levels FY 2025-26 (opens in a new tab)ITI Mutual Fund, Mar 2026
Portfolio overlap disclosure
- Debt Portfolio Overlap - September 2026 (opens in a new tab)ITI Mutual Fund, Sep 2026
- Equity Portfolio Overlap - September 2026 (opens in a new tab)ITI Mutual Fund, Sep 2026
- Hybrid Portfolio Overlap - September 2026 (opens in a new tab)ITI Mutual Fund, Sep 2026