SBI Income Plus Arbitrage Active FOF Direct IDCW NAV today
AMFI: 153501ISIN: INF200KB1761MUTF_IN: SBI_INCO_PLUS_14MG3S1SBI Mutual FundFund of Funds
NAV ₹10.8006
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.
- ₹1,747 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.
- 0.12%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.
- Low to 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.
- 530 Sep 2026
- LaunchedLaunch date. The day the fund first allotted units to investors, at the close of its new fund offer.
- 2 May 2025
SBI Income Plus Arbitrage Active FOF returns
Read from the direct 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). |
|---|---|
| 1 week | +0.02% |
| 1 month | +0.14% |
| 3 months | +0.97% |
| 6 months | +2.68% |
| 1 year | +5.19% |
| 3 years | Needs 3 years |
₹10,000 put in on 7 May 2025 is ₹10,791 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, 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). |
|---|---|
| 1 year | +5.64% |
| Since launch | +5.47% |
As the fund house states them for the month.
SBI 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 | ₹1,23,147₹1,23,141 after stamp duty | +5.12% | +5.11% | ₹6 | |
| Since May 202517 instalments | ₹1,70,000 | ₹1,76,425₹1,76,416 after stamp duty | +5.22% | +5.21% | ₹9 |
3 years: Launched 2 May 2025, needs 3 years of history.
From the Direct Growth plan's NAV, since an IDCW plan's NAV falls by each payout.
SBI 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.
- 0.09 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.
- 0.12%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.
- 0.21%Over the last 30 days filed
Total expense ratio, month by month
- Regular plan
- Direct plan
Direct plan highest 0.13%, Jul 2026.Direct plan lowest 0.10%, Nov 2025.
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. | 0.09% | 0.17% |
| Brokerage | None | None |
| Transaction costs | None | None |
| Statutory levies | 0.03% | 0.04% |
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.
- ₹5,000
- Minimum top-up
- ₹1,000
- Minimum redemption
- ₹500
- SIP
- Accepted
- SIP minimum
- ₹1,000
- 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.
SBI 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.
- ₹1,814 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.
- 58.3%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
Largest ₹2,045 Cr, quarter to Dec 2025.
Assets at each month end
Highest ₹2,209 Cr, Dec 2025.Lowest ₹1,715 Cr, Feb 2026.
SBI 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. | |||
|---|---|---|---|---|
| SBI Arbitrage FundMutual Fund/ETF | 46.90% | 819.54 | 21,08,85,637 | May 2025or earlier |
| SBI Corporate Bond FundMutual Fund/ETF | 20.12% | 351.49 | 20,65,22,007 | Jun 2026 |
| SBI Short Term FundMutual Fund/ETF | 14.62% | 255.43 | 7,00,57,454 | May 2026 |
| SBI Banking & PSU Debt FundMutual Fund/ETF | 10.39% | 181.48 | 5,13,502 | Oct 2025 |
| SBI Money Market FundMutual Fund/ETF | 3.75% | 65.47 | 1,35,96,649 | Aug 2026 |
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 | 4.34% | 75.83 |
| Net Receivable / Payable | −0.12% | −1.93 |
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.
- 46.90%SBI Arbitrage Fund
- Top 5 holdingsTop 5 holdings. The share of the fund held in its five largest positions.
- 95.78%
- Top 10 holdingsTop 10 holdings. The share of the fund held in its ten largest positions.
- 95.78%
- Effective holdingsEffective number of holdings. The number of equal-sized positions that would be as concentrated as the fund's actual weights.
- 3.1Taken over 95.78% 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 funds95.78%
- Cash and receivables4.22%
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.
- 2
- TrimmedTrimmed. Holdings with fewer units than the month before. Where the fund states no units, a weight that fell by more than a tenth.
- 2
- UnchangedUnchanged. Holdings with the same number of units as the month before. Their weight can still move with the price.
- 1
- 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.
- 16.10%
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. | ||||
|---|---|---|---|---|---|
| SBI Banking & PSU Debt Fund | Trimmed | 10.39% | 26.49% | −16.10 pts | −8,49,679 |
| SBI Arbitrage Fund | Added | 46.90% | 37.19% | +9.71 pts | +3,64,01,400 |
| SBI Corporate Bond Fund | Added | 20.12% | 17.16% | +2.96 pts | +2,33,85,234 |
| SBI Short Term Fund | Trimmed | 14.62% | 14.62% | 0.00 pts | −28,16,060 |
Weights are per cent of the fund's net assets; a change in weight is in percentage points.
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| SBI Arbitrage Fund | 37.44%Cut | 36.70%Added | 37.13%Added | 39.05%Cut | 37.79%Cut | 34.63%Cut | 37.19%Added | 39.06%Added | 36.76%Cut | 37.03%Cut | 37.19% | 46.90%Added |
| SBI Corporate Bond Fund | 40.30%Cut | 37.97% | 36.17% | Sold out | – | – | – | – | 16.87%Bought again | 17.69%Added | 17.16%Cut | 20.12%Added |
| SBI Short Term Fund | 10.67%Bought | 10.72%Added | 12.80%Added | 27.34%Added | 27.77% | 25.07%Cut | Sold out | 15.82%Bought again | 17.20%Added | 17.36% | 14.62%Cut | 14.62%Cut |
| SBI Banking & PSU Debt Fund | 10.66%Bought | 10.70%Added | 11.68%Added | 16.09%Added | 16.33% | 14.88%Cut | 14.52%Cut | 28.22%Added | 28.32% | 28.49%Cut | 26.49%Cut | 10.39%Cut |
| SBI Money Market Fund | – | – | – | 16.52%Bought | 16.74% | 20.51%Added | 47.19%Added | Sold out | – | – | 3.59%Bought again | 3.75% |
| SBI Ultra Short to Short Term Fund | – | – | – | – | – | – | – | 15.82%Bought | Sold out | – | – | – |
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.1.13%
Downside deviationDownside deviation. Standard deviation counting only the months in which the fund lost money, stated as a yearly figure.No losing month
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.0.25
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.0.49
From the Direct Growth plan's NAV, since an IDCW plan's NAV falls by each payout.
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 | −0.19% | 23 Sep 2026 | 29 Sep 2026 | 5 Oct 2026 |
| Since May 2025 | −0.30% | 6 Jun 2025 | 13 Jun 2025 | 1 Jul 2025 |
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. |
|---|---|---|
| Aug 2025 to Aug 202613 months | Low to Moderate | Low to ModerateNifty Composite Debt Index 65% + Nifty 50 Arbitrage Index 35% |
The riskometer at each month end, the fund's and its benchmark's. A month with none on record is left out.
SBI 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. | ||
|---|---|---|---|---|---|---|---|---|
| Ardhendu Bhattacharya | Apr 2025 | +5.40%a year | – | – | – | – | 13 | ₹97,010 Cr₹6,219 Cr alone |
Returns are the direct 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. | ||
|---|---|---|---|---|---|
| SBI Arbitrage FundArdhendu Bhattacharya | Dec 2024 | +6.84%a year | – | – | ₹46,309 Cr |
| SBI Corporate Bond FundArdhendu Bhattacharya | Dec 2023 | +7.13%a year | – | – | ₹21,803 Cr |
| SBI Ultra Short Term FundArdhendu Bhattacharya | Dec 2023 | +7.14%a year | – | – | ₹11,237 Cr |
| SBI Banking & PSU Debt FundArdhendu Bhattacharya | Dec 2023 | +7.15%a year | – | – | ₹3,512 Cr |
| SBI Nifty 10 yr Benchmark G-Sec ETFArdhendu Bhattacharya | Dec 2023 | – | +6.02% | – | ₹3,226 Cr |
| SBI Retirement Benefit Fund - AggressiveArdhendu Bhattacharya | Jun 2021 | +12.18%a year | – | – | ₹3,066 Cr |
| SBI Dynamic Asset Allocation Active FoFArdhendu Bhattacharya | Sep 2025 | +0.89%a year | – | – | ₹2,214 Cr |
| SBI Retirement Benefit Fund - Aggressive HybridArdhendu Bhattacharya | Jun 2021 | +11.82%a year | – | – | ₹1,587 Cr |
| SBI Long Term FundArdhendu Bhattacharya | Jul 2025 | +0.93%a year | – | – | ₹1,246 Cr |
| SBI Floating Interest Rates FundArdhendu Bhattacharya | Jun 2021 | +6.65%a year | – | – | ₹676 Cr |
Up to ten funds a manager, largest first. Returns are the direct plan's.
Portfolio overlap
Funds holding the most of the same securities, by weight.
Closest funds in the category
| Portfolio overlap. The share of the two funds' portfolios that is the same: for every holding they share, the smaller of its two weights, added up. | Shared holdings. The number of securities both funds hold, cash and futures left out. | |
|---|---|---|
| SBI Dynamic Asset Allocation Active FoFSBI Mutual Fund | 4.57% | 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
Fund details
Objective
The investment objective of the scheme shall be to generate regular income and capital appreciation by investing in a mix of units of actively managed debt-oriented schemes and actively managed Arbitrage mutual fund schemes. However, there is no assurance or guarantee that the investment objective of the Scheme would be achieved.
Asset allocation
- Units of actively managed Arbitrage Mutual Fund schemes: 35%-50% (Low to Moderate risk);
- Units of actively managed debt-oriented schemes: 50%-65% (Low to Moderate risk);
- Money market instruments, Triparty Repo, reverse Repo, cash and cash equivalents: 0%-5% (Low to Moderate risk)
- Stated category
- Other Schemes
- BenchmarkBenchmark. The index the fund house chose to measure the fund against, in its total return form, with dividends added back.
- 65% Nifty Composite Debt Index + 35% 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 to Moderate
- New fund offer
- 23 Apr 2025 to 30 Apr 2025
- Units first allotted
- 2 May 2025
- 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 | 153498 | INF200KB1753 | SBI_INCO_PLUS_14N7QZL | 7 May 2025 | |
| Regular Growth | 153500 | INF200KB1720 | SBI_INCO_PLUS_1PQSRKM | 7 May 2025 | |
| Direct IDCW | 153501 | INF200KB1761 | INF200KB1779 | SBI_INCO_PLUS_14MG3S1 | 7 May 2025 |
| Regular IDCW | 153499 | INF200KB1738 | INF200KB1746 | SBI_INCO_PLUS_YBVLOK | 7 May 2025 |
This fund
- Scheme information document (opens in a new tab)The fund's objective, terms, costs and risks in full
Factsheet
- All SBIMF Schemes Factsheet September 2026 (opens in a new tab)SBI Mutual Fund, Sep 2026
- SBI MF Passives (Index ETF FOF) Factsheet September 2026 (opens in a new tab)SBI Mutual Fund, Sep 2026
Statement of additional information
- SAI SBI Mutual Fund (opens in a new tab)SBI Mutual Fund, Sep 2026
Annual report
- Scheme Annual Report 2025-26 (annual report 2025-26) (opens in a new tab)SBI Mutual Fund, Mar 2026
- SBI NIFTY 1D RATE LIQUID ETF - IDCW (abridged annual report 2025-26) (opens in a new tab)SBI Mutual Fund, Mar 2026
- SBI GILT FUND (abridged annual report 2025-26) (opens in a new tab)SBI Mutual Fund, Mar 2026
- SBI BSE PSU BANK INDEX FUND (abridged annual report 2025-26) (opens in a new tab)SBI Mutual Fund, Mar 2026
Riskometer disclosure
- Disclosure On Changes In Riskometer Levels 2025-26 (opens in a new tab)SBI Mutual Fund, Mar 2026
Portfolio overlap disclosure
- Portfolio Overlap Disclosure - September 2026 (opens in a new tab)SBI Mutual Fund, Sep 2026