LIC Mf Arbitrage Fund Regular IDCW NAV today
AMFI: 145892ISIN: INF767K01PN5MUTF_IN: LIC_MF_ARBI_F3PTTHLIC Mutual FundArbitrage funds
NAV ₹14.5646
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.
- ₹305 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.
- 1.62%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.
- 0.25%if sold within 1 month
- 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.
- 16.530 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.
- 3530 Sep 2026
- LaunchedLaunch date. The day the fund first allotted units to investors, at the close of its new fund offer.
- 25 Jan 2019
LIC Mf 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 | +0.62% | +0.67% | 10 of 39 | +0.59% | +0.5% to +0.6% |
| 3 months | +1.59% | +1.81% | 7 of 38 | +1.51% | +1.5% to +1.6% |
| 6 months | +3.04% | +3.41% | 5 of 37 | +2.90% | +2.8% to +3.0% |
| 1 year | +6.20% | +7.43% | 10 of 34 | +6.11% | +5.9% to +6.2% |
| 3 years | +6.42% | +7.43% | 20 of 26 | +6.54% | +6.4% to +6.7% |
| 5 years | +5.93% | +6.78% | 17 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 28 Jan 2019 is ₹14,885 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 | +6.00% | +7.33% |
| 3 years | +6.37% | +7.42% |
| 5 years | +5.84% | +6.69% |
| Since launch | +5.25% | +5.88% |
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, +7.1%; lowest year to Dec 2021, +3.2%Above the benchmark in 1 of 6 years
LIC Mf 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 | ₹1,23,840₹1,23,833 after stamp duty | +6.25% | +6.24% | ₹6 | |
| 3 years36 instalments | ₹3,60,000 | ₹3,95,252₹3,95,232 after stamp duty | +6.25% | +6.25% | ₹18 | |
| 5 years60 instalments | ₹6,00,000 | ₹7,02,609₹7,02,574 after stamp duty | +6.31% | +6.30% | ₹30 | |
| Since Jan 201993 instalments | ₹9,30,000 | ₹11,64,347₹11,64,301 after stamp duty | +5.73% | +5.73% | ₹38 |
10 years: Launched 25 Jan 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 28 Jan 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 year1,663 windows+2.1%+5.2%+7.5%100.0%
3 years1,167 windows+3.4%+5.2%+6.8%100.0%
5 years676 windows+4.6%+5.2%+5.9%100.0%
10 yearsLaunched 25 Jan 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.
LIC Mf 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.
- 0.58 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.
- 1.06%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.
- 1.64%Over the last 30 days filed
Total expense ratio, month by month
- Regular plan
- Direct plan
Direct plan highest 1.17%, Aug 2026.Direct plan lowest 0.29%, May 2026.
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. | 0.24% | 0.74% |
| Brokerage | 0.08% | 0.08% |
| Transaction costs | 0.03% | 0.03% |
| Statutory levies | 0.69% | 0.77% |
Per cent of assets a year, filed for 23 Oct 2026. The parts add up to that day's total.
Exit load, in the fund house's words
For redemption/switch out of units on or before 1 month from the date of allotment: 0.25% of applicable NAV., For redemption/switch out of units after 1 month from the date of allotment: Nil
Buying and selling
- Lump-sum purchases
- Accepted
- Minimum investmentMinimum investment. The smallest amount the plan accepts for a first purchase.
- ₹5,000
- Minimum top-up
- ₹500
- Minimum redemption
- ₹500
- SIP
- Accepted
- SIP minimum
- 100,150, 200, 1000 |
- SIP instalments, at least
- 60,40,30,6 |
- STP, transfers to another fund
- Not accepted
- SWP, regular withdrawals
- Not accepted
- Switches
- Accepted
- Lock-inLock-in. The time after each purchase during which those units cannot be sold.
- None
- SIP dates
- Daily - All business day, Weekly – Between Monday to Friday, Monthly - Any date between 1st to 28th, Quarterly - Any date between 1st to 28th|
As listed for this plan on 24 Oct 2026.
LIC Mf 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.
- ₹293 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.
- 77.2%Of the quarter's average
Average assets by quarter, by plan
- Regular plans
- Direct plans
Largest ₹350 Cr, quarter to Mar 2025.
Assets at each month end
Highest ₹353 Cr, Jan 2025.Lowest ₹18 Cr, Jun 2023.
LIC Mf 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. | ||||
|---|---|---|---|---|---|---|
| LIC Mf Ultra Short Term Fund | Fund units | 15.63% | 47.61 | 3,24,993 | Jul 2026 | |
| LIC Mf Money Market Fund | Fund units | 13.24% | 40.33 | 3,08,742 | Mar 2025 | |
| HDFC BankBanks | Shares | Large cap2nd | 8.80% | 26.81 | 3,78,300 | Dec 2024 |
| ICICI BankBanks | Shares | Large cap5th | 7.23% | 22.02 | 1,66,600 | Sep 2025 |
| Hindalco IndustriesNon - Ferrous Metals | Shares | Large cap39th | 6.66% | 20.31 | 2,15,600 | May 2026 |
| State Bank of IndiaBanks | Shares | Large cap4th | 6.33% | 19.29 | 2,01,000 | Feb 2026 |
| Reliance IndustriesPetroleum Products | Shares | Large cap1st | 5.98% | 18.22 | 1,53,500 | Jul 2025 |
| Bharti AirtelTelecom - Services | Shares | Large cap3rd | 4.96% | 15.11 | 85,975 | May 2025 |
| Tata SteelFerrous Metals | Shares | Large cap36th | 4.94% | 15.05 | 8,16,750 | Apr 2024 |
| Axis BankBanks | Shares | Large cap15th | 3.22% | 9.81 | 80,000 | Jun 2026 |
| HDFC Life Insurance CompanyInsurance | Shares | Large cap65th | 2.75% | 8.37 | 1,60,600 | Mar 2026 |
| Bharat ElectronicsAerospace & Defense | Shares | Large cap25th | 2.52% | 7.69 | 1,98,075 | Jan 2024 |
| Jio Financial ServicesFinance | Shares | Large cap53rd | 2.28% | 6.93 | 3,19,600 | Jul 2025 |
| GMR AirportsTransport Infrastructure | Shares | Mid cap106th | 2.24% | 6.84 | 7,18,425 | Apr 2024 |
| Mahindra & MahindraAutomobiles | Shares | Large cap14th | 1.59% | 4.84 | 16,400 | Sep 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. | |||
|---|---|---|---|
| HDFC Bank Ltd. | −8.88% | −27.07 | −3,78,300 |
| ICICI Bank Ltd. | −7.27% | −22.14 | −1,66,600 |
| Hindalco Industries Ltd. | −6.72% | −20.48 | −2,15,600 |
| State Bank of India | −6.38% | −19.44 | −2,01,000 |
| Reliance Industries Ltd. | −6.00% | −18.29 | −1,53,500 |
| Tata Steel Ltd. | −4.99% | −15.20 | −8,16,750 |
| Bharti Airtel Ltd. | −4.99% | −15.19 | −85,975 |
| Axis Bank Ltd. | −3.22% | −9.82 | −80,000 |
| HDFC Life Insurance Company Ltd. | −2.74% | −8.34 | −1,60,600 |
| Bharat Electronics Ltd. | −2.53% | −7.71 | −1,98,075 |
| Jio Financial Services Ltd. | −2.28% | −6.94 | −3,19,600 |
| GMR Airports Ltd. | −2.25% | −6.85 | −7,18,425 |
| Mahindra & Mahindra Ltd. | −1.59% | −4.85 | −16,400 |
| Kotak Mahindra Bank Ltd. | −1.59% | −4.84 | −1,16,000 |
| Hindustan Unilever Ltd. | −1.11% | −3.38 | −18,000 |
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 | 3.40% | 10.35 |
| Net Receivables / (Payables) | 0.32% | 0.96 |
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.
- 15.63%LIC Mf Ultra Short Term Fund
- Top 5 holdingsTop 5 holdings. The share of the fund held in its five largest positions.
- 51.56%
- Top 10 holdingsTop 10 holdings. The share of the fund held in its ten largest positions.
- 76.98%
- Top 10 sharesTop 10 shares. The share of the fund held in its ten largest shareholdings, bonds and fund units left out.
- 53.39%
- Effective holdingsEffective number of holdings. The number of equal-sized positions that would be as concentrated as the fund's actual weights.
- 12.2Taken over 96.29% 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.- Indian shares67.42%
- Units of other funds28.86%
- Cash and receivables3.71%
- 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.−67.79%
- 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.67.79%
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 cap94.84%Category 75.59%
- Mid cap4.98%Category 19.51%
- Small cap0.17%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
- Power0.00%Category 0.12%
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 | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Power2 companies | 0.00% | 0.00% | 0.00% | −0.02% | −0.02% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | −0.01% | 0.00% | |
| Consumer Services | 0.00% | 0.00% | 0.00% | −0.01% | −0.01% | −0.01% | −0.01% | −0.01% | −0.01% | −0.01% | −0.04% | −0.02% | |
| Information Technology | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | −0.02% | −0.02% | −0.03% | −0.04% | |
| 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 Materials | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | −0.01% | −0.01% | −0.01% | |
| Construction1 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% | |
| Realty | 0.00% | 0.00% | 0.00% | 0.00% | −0.01% | −0.01% | 0.00% | −0.01% | −0.01% | −0.01% | −0.01% | −0.01% | |
| 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% | |
| Fast Moving Consumer Goods2 companies | 0.00% | −0.03% | 0.00% | 0.00% | 0.00% | 0.00% | −0.01% | −0.02% | −0.01% | −0.02% | −0.04% | −0.02% | |
| Healthcare1 company | 0.00% | 0.01% | 0.00% | 0.00% | −0.01% | 0.00% | 0.00% | −0.01% | 0.00% | −0.02% | −0.01% | −0.01% | |
| Consumer Durables3 companies | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | −0.01% | −0.01% | 0.00% | −0.01% | 0.00% | |
| Automobile And Auto Components1 company | −0.01% | −0.01% | 0.00% | 0.01% | −0.03% | −0.04% | −0.04% | −0.03% | −0.01% | −0.01% | 0.00% | −0.01% |
Per cent of the fund's net assets, less the futures sold on its shares, at each month end, Oct 2025 to Sep 2026; the line runs from Sep 2025.
Bought and sold
Sep 2026 against Aug 2026, position by position.
Positions changed, month by month
- New
- Added
- Trimmed
- Sold out
- New positionsNew positions. Holdings in this month's portfolio that were not in the month before.
- 104.70% 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.
- 121.59% 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.
- 8
- TrimmedTrimmed. Holdings with fewer units than the month before. Where the fund states no units, a weight that fell by more than a tenth.
- 8
- UnchangedUnchanged. Holdings with the same number of units as the month before. Their weight can still move with the price.
- 42
- 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.
- 1.59%
- 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.
- 10.34%
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. | ||||
|---|---|---|---|---|---|
| Mahindra & Mahindra | New | 1.59% | 0.00% | +1.59 pts | +16,400 |
| Bharat Electronics | Trimmed | 2.52% | 3.62% | −1.10 pts | −72,675 |
| ICICI Bank | Added | 7.23% | 6.14% | +1.09 pts | +35,700 |
| GMR Airports | Trimmed | 2.24% | 3.24% | −1.00 pts | −3,55,725 |
| Reliance Industries | Added | 5.98% | 5.00% | +0.98 pts | +32,000 |
| IndusInd Bank | New | 0.62% | 0.00% | +0.62 pts | +21,000 |
| NTPC | Trimmed | 0.72% | 1.09% | −0.37 pts | −36,000 |
| Eicher Motors | Sold out | – | 0.33% | −0.33 pts | −1,300 |
| Larsen & Toubro | Trimmed | 0.02% | 0.23% | −0.21 pts | −1,575 |
| Hindustan Petroleum Corporation | Sold out | – | 0.17% | −0.17 pts | −14,175 |
| Oil & Natural Gas Corporation | Trimmed | 0.20% | 0.35% | −0.15 pts | −20,250 |
| GAIL (India) | Sold out | – | 0.10% | −0.10 pts | −17,750 |
| Hindustan Unilever | Trimmed | 1.11% | 1.20% | −0.09 pts | −900 |
| Max Financial Services | Sold out | – | 0.08% | −0.08 pts | −1,600 |
| Titan Company | New | 0.08% | 0.00% | +0.08 pts | +525 |
Weights are per cent of the fund's net assets; a change in weight is in percentage points. Securities only: 19 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| LIC Mf Ultra Short Term Fund | – | – | – | – | – | – | – | – | – | 13.98%Bought | 15.27%Added | 15.63% |
| LIC Mf Money Market Fund | 14.18%Added | 14.61% | 15.94% | 17.57%Added | 17.95% | 17.25%Cut | 17.65%Added | 18.08% | 16.32%Cut | 15.04% | 12.94% | 13.24% |
 HDFC Bank | 3.65% | 3.82% | 5.22%Added | 6.32%Added | 6.52%Added | 6.92%Added | 6.56% | 6.47% | 6.15%Cut | 10.25%Added | 8.65%Added | 8.80% |
 ICICI Bank | 6.01%Cut | 7.32%Added | 5.58%Cut | 4.75%Cut | 4.91% | 4.27%Cut | 4.02% | 6.54%Added | 8.20%Added | 7.09%Cut | 6.14% | 7.23%Added |
 Hindalco Industries | – | 0.28%Bought again | 0.34% | Sold out | – | – | – | 5.87%Bought again | 4.90% | 9.47%Added | 7.06%Cut | 6.66% |
 State Bank of India | 4.36% | 3.81%Cut | 2.96%Cut | Sold out | 1.07%Bought again | 5.02%Added | 4.92% | 5.99%Added | 3.74%Cut | 7.79%Added | 6.87% | 6.33% |
 Reliance Industries | 5.56% | 6.01% | 5.42%Cut | 4.96%Added | 5.03% | 4.89%Cut | 4.68% | 5.25%Added | 4.84%Cut | 4.51%Added | 5.00%Added | 5.98%Added |
 Bharti Airtel | 3.86% | 5.53%Added | 6.02% | 5.15%Cut | 4.35%Cut | 4.20%Cut | 4.88%Added | 4.83% | 4.81% | 6.39%Added | 5.02% | 4.96% |
 Tata Steel | 2.93%Added | 2.76% | 3.59%Added | 3.55% | 3.96% | 2.40%Cut | 3.61%Added | 3.63% | 2.94%Cut | 5.84%Added | 4.86% | 4.94% |
 Axis Bank | 1.95%Added | 2.07% | 0.58%Cut | 2.25%Added | 2.31% | 2.45% | 2.40% | Sold out | 1.73%Bought again | 2.87%Added | 3.35%Added | 3.22% |
 HDFC Life Insurance Company | – | – | – | – | – | 0.09%Bought again | 0.08% | 0.63%Added | 0.60% | 3.32%Added | 2.81% | 2.75% |
 Bharat Electronics | 1.85% | 1.83% | 1.93% | 3.59%Added | 3.61% | 4.11% | 3.97% | 4.60%Added | 4.54% | 3.92% | 3.62%Added | 2.52%Cut |
 Jio Financial Services | 1.32% | 1.35% | 1.71%Added | 2.32%Added | 2.36% | 2.25%Cut | 2.23% | 3.38%Added | 3.11%Cut | 3.09% | 2.49% | 2.28% |
 GMR Airports | 4.47%Added | 5.29% | 4.89%Cut | 4.05% | 4.41% | 4.68% | 4.79% | 5.09% | 5.60% | 4.51%Cut | 3.24%Cut | 2.24%Cut |
 Kotak Mahindra Bank | 0.03% | 0.03% | 2.75%Added | 2.35% | 2.43% | 3.70%Added | 4.45%Added | 1.86%Cut | 1.87% | 1.71% | 1.57% | 1.59% |
Per cent of the fund's net assets at each month end, Oct 2025 to Sep 2026. Under it, the change on the fund's previous month. "After a gap" is a holding after a month with no portfolio on record, so when it was bought is not known; "Not filed" is one gone across such a gap.
Portfolio turnover, per cent of assets a year
- TurnoverPortfolio turnover. How much of the portfolio the fund bought or sold over the last year, as a share of its assets, as the fund house states it.
Highest 135.0% in Apr 2026
Risk ratios
NAV to 23 Oct 2026
Each bar runs from the lowest to the highest figure among the Regular plans of Arbitrage funds (26 funds) over the same 3 years; the tick is their average and the dot this fund.
How much the NAV moves
Standard deviationStandard deviation. How far the fund's monthly returns spread around their average, stated as a yearly figure: the wider the spread, the more the NAV moves.0.43%
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.0.70
−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.0.54
0.51Lowest0.62Average0.89Highest
AlphaAlpha. The yearly return the fund made beyond what its beta to the benchmark accounts for.−0.42 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 100.55.6
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).0.75
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.86.3%
75.6%Lowest87.7%Average92.0%Highest
Downside captureDownside capture. The fund's return in the months its benchmark fell, as a percentage of the benchmark's fall in those months.Needs 6 falling months
Largest falls
| Largest over | FallLargest fall. The biggest drop in NAV from a high to the low that followed, before the NAV went back above that high. | High on | Low on | Back at the highBack at the high. The first day the NAV closed at or above the high it had fallen from. |
|---|---|---|---|---|
| 1, 3 and 5 years | −0.44% | 3 Aug 2026 | 6 Aug 2026 | 24 Aug 2026 |
| Since Jan 2019 | −0.66% | 29 May 2020 | 3 Jun 2020 | 24 Sep 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.
LIC Mf 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. | ||
|---|---|---|---|---|---|---|---|---|
| Sumit BhatnagarFund Manager - (Equity & Arbitrage) | Oct 2023 | +6.43%a year | – | – | 49.6% | 67.1% | 9 | ₹7,071 Cr₹1,302 Cr alone |
| Sasikant AravamuthanFund Manager - (Equity & Arbitrage) | Jul 2026 | +1.73%over 107 days | – | – | 33.1% | 20.7% | 10 | ₹5,939 Cr |
| Pratik Harish ShroffFund Manager - (Debt) | Sep 2023 | +6.44%a year | – | – | 49.6% | 67.1% | 15 | ₹13,296 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. | ||
|---|---|---|---|---|---|
| LIC Mf Gold Exchange Traded FundSumit Bhatnagar | Apr 2026 | −1.01%over 192 days | – | – | ₹1,441 Cr |
| LIC Mf Large Cap FundSumit Bhatnagar | Oct 2023 | +6.19%a year | +8.47% | −2.28 pts | ₹1,302 Cr |
| LIC Mf ELSS Tax Saver FundSumit Bhatnagar | Apr 2026 | +5.14%over 192 days | +5.26% | −0.12 pts | ₹972 Cr |
| LIC Mf Multi Asset Allocation FundSumit Bhatnagar | Feb 2025 | +10.58%a year | – | – | ₹966 Cr |
| LIC Mf Gold ETF Fund of FundSumit Bhatnagar | Jun 2024 | +33.03%a year | – | – | ₹833 Cr |
| LIC Mf Dividend Yield FundSumit Bhatnagar | Sep 2026 | −4.84%over 45 days | −4.54% | −0.31 pts | ₹738 Cr |
| LIC Mf Consumption FundSumit Bhatnagar | Nov 2025 | −7.18%over 325 days | −10.24% | +3.06 pts | ₹424 Cr |
| LIC Mf Technology FundSumit Bhatnagar | Apr 2026 | +9.72%over 192 days | – | – | ₹90 Cr |
| LIC Mf Gold Exchange Traded FundSasikant Aravamuthan | Jul 2026 | +3.80%over 107 days | – | – | ₹1,441 Cr |
| LIC Mf Gold ETF Fund of FundSasikant Aravamuthan | Jul 2026 | +4.19%over 107 days | – | – | ₹833 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. | |
|---|---|---|
| Helios Arbitrage FundHelios Mutual Fund | 38.21% | 16 |
| Parag Parikh Arbitrage FundPPFAS Mutual Fund | 37.79% | 28 |
| Mahindra Manulife Arbitrage FundMahindra Manulife Mutual Fund | 36.33% | 21 |
| Franklin India Arbitrage FundFranklin Templeton Mutual Fund | 34.90% | 31 |
| PGIM India Arbitrage FundPGIM India Mutual Fund | 34.57% | 13 |
| Old Bridge Arbitrage FundOld Bridge Mutual Fund | 34.42% | 32 |
| Bajaj Finserv Arbitrage FundBajaj Finserv Mutual Fund | 32.82% | 32 |
| SBI Arbitrage FundSBI Mutual Fund | 32.77% | 33 |
| HDFC Arbitrage FundHDFC Mutual Fund | 32.35% | 33 |
| Sundaram Arbitrage FundSundaram Mutual Fund | 32.31% | 15 |
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. | |
|---|---|
| LIC Mf Equity Savings FundLIC Mutual Fund | 14.30% |
| LIC Mf Multi Asset Allocation FundLIC Mutual Fund | 13.33% |
| LIC Mf Balanced Advantage FundLIC Mutual Fund | 8.08% |
| LIC Mf Aggressive Hybrid FundLIC Mutual Fund | 5.90% |
| LIC Mf Conservative Hybrid FundLIC Mutual Fund | 2.11% |
As the fund house states it, for Aug 2026.
LIC Mf Arbitrage Fund dividend history
IDCW (income distribution cum capital withdrawal), once called a dividend: rupees per unit, paid to holders on the record date and taken out of the NAV.
Paid per unit, the latest payouts
- Paid per unitIDCW payout. Rupees paid out per unit to holders on the record date; the money comes out of the fund, so the plan's NAV falls by the same amount.
Largest ₹0.053125 a unit, Feb 2020.
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 | |
|---|---|---|---|---|
| 25 Feb 2020 | ₹0.053125 | 0.51% | ₹10.4241 | ₹10.3583 |
| 30 Dec 2019 | ₹0.053125 | 0.51% | ₹10.3995 | ₹10.3441 |
| 29 Oct 2019 | ₹0.026562 | 0.26% | ₹10.3610 | ₹10.3368 |
| 27 Aug 2019 | ₹0.053125 | 0.51% | ₹10.3273 | ₹10.2681 |
| 6 Mar 2019 | ₹0.026562 | 0.26% | ₹10.0572 | ₹10.0333 |
All 5 payouts since 6 Mar 2019.
Changes to the fund
Newest first.
2026
- 1 AprExpenseExpense ratio stated under the new rules: a base ratio, with brokerage, levies and GST on top
Fund details
Objective
The investment objective of the scheme is to generate income by taking advantage of arbitrage opportunities that potentially exists between cash and derivative market and within the derivative segment of the equity market along with investments in debt securities & money market instruments. There is no assurance that the investment objective of the Scheme will be achieved.
Asset allocation
- Under normal circumstances, the asset allocation of the Scheme would be as follows: Equities and equity related instrument, Derivatives including index futures, stock futures, index options & stock options,etc#.:65-100% of the total assets, Exposure in debt instruments in CDs, government securities with maturities upto 1 year, mutual fund units of overnight, liquid, money market or schemes having Macaulay duration less than 1 year for meeting liquidity and margin requirements, Exchange Traded Commodities Derivativities (ETCDs), Gold ETFs, Silver ETFs.:0-35% of the total assets. Under Defensive consideration the asset allocation will be as follows: Equities and equity related instrument, Derivatives including index futures, stock futures, index options & stock options, etc. # 0 - 65%
- Exposure in debt instruments in CDs, government securities with maturities upto 1 year, mutual fund units of overnight, liquid, money market or schemes having Macaulay duration less than 1 year for meeting liquidity and margin requirements,Gold ETFs, Silver ETFs and Exchange Traded Commodities Derivativities (ETCDs): 35 - 100%
**Investment in Securitised debt shall not normally exceed 30% of the net assets of the Scheme.
# The exposure to derivative shown in the above asset allocation table is exposure taken against the underlying equity investments and should not be considered for calculating the total asset allocation and/or investment restrictions on the issuer. The idea is not to take additional asset allocation with the use of derivative. The margin money deployed on these positions would be included in Money Market category. Please refer the Scheme Information Document for complete details.
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
- 4 Jan 2019 to 18 Jan 2019
- Units first allotted
- 25 Jan 2019
- Open for sale again
- 28 Jan 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 | 145895 | INF767K01PP0 | LIC_MF_ARBI_1UORWX | 28 Jan 2019 | |
| Regular Growth | 145890 | INF767K01PL9 | LIC_MF_ARBI_NAS2W0 | 28 Jan 2019 | |
| Direct IDCW | 145891 | INF767K01PQ8 | LIC_MF_ARBI_168CZHG | 28 Jan 2019 | |
| Regular IDCW | 145892 | INF767K01PN5 | INF767K01PO3 | LIC_MF_ARBI_F3PTTH | 28 Jan 2019 |
This fund
- Scheme information document (opens in a new tab)The fund's objective, terms, costs and risks in full
Factsheet
- Lic-mf-factsheet-30 th-september-2026-275881603 (opens in a new tab)LIC Mutual Fund, Sep 2026
Statement of additional information
- SAI LIC Mutual Fund (opens in a new tab)LIC Mutual Fund, Oct 2026
Annual report
- LIC-MF-Annual-Report-2025-26 (opens in a new tab)LIC Mutual Fund, Mar 2026
- LIC-MF-Aggressive-Hybrid-Fund Combined (opens in a new tab)LIC Mutual Fund, Mar 2026
- LIC-MF-Arbitrage-Fund Combined (opens in a new tab)LIC Mutual Fund, Mar 2026
- LIC-MF-Balanced-Advantage-Fund Combined (opens in a new tab)LIC Mutual Fund, Mar 2026
Riskometer disclosure
- 1791450720-LIC-MF-Schemes-&-Benchmark-Risk-o-meter-as-on-September-30,-2026 (opens in a new tab)LIC Mutual Fund, Sep 2026
Portfolio overlap disclosure
- 1791277986-Portfolio Overlap 30Sep2026 website (opens in a new tab)LIC Mutual Fund, Sep 2026