Arbitrage FundBaroda BNP Paribas Asset Management India Private Limited

BARODA BNP PARIBAS ARBITRAGE FUND-DIRECT PLAN-GROWTH OPTION

Benchmark: Nifty 50 Arbitrage · Riskometer: Moderate

₹18.1886

NAV (2026-08-31)

₹1,055.29 Cr

AUM (2026-08-31)

1.58%

EXPENSE RATIO (DIRECT)

2016-12-08

INCEPTION

AQuality · 94.2/100

?Safety · -/100

ACompound · 87.6/100

Punji Fund Health Score - percentile-within-category. See methodology.

CHART

Rolling CAGR by holding period - min, median, max

Each group is one holding-period length. Full range of outcomes across every overlapping window in the fund's history, not one trailing number.

Min rolling CAGRMedian rolling CAGRMax rolling CAGR

Category RankRisk MetricsHoldingsSimilar FundsPunji Analytics

Metric	Value	Percentile	Category median
3Y Rolling CAGR	7.6%	100^th	6.6%

Arbitrage funds target a small, steady spread rather than market returns, so beta and alpha against an equity index describe nothing useful.

CHART

Top sector holdings

Share of portfolio (% to NAV) in each of the top sectors.

Other 27.39%Banks 17.26%Power 9.74%Finance 7.44%Telecom - Services 5.81%Pharmaceuticals & Biotechnology 4.07%Ferrous Metals 3.28%Minerals & Mining 2.84%Transport Infrastructure 2.63%Electrical Equipment 2.15%Aerospace & Defense 1.73%Consumer Durables 1.51%Diversified FMCG 1.3%IT - Software 1.23%Transport Services 1.14%Metals & Minerals Trading 1%Retailing 0.94%Industrial Manufacturing 0.88%Cement & Cement Products 0.87%Agricultural Food & other Products 0.86%Non - Ferrous Metals 0.85%Fertilizers & Agrochemicals 0.8%Construction 0.75%Capital Markets 0.72%Automobiles 0.67%Petroleum Products 0.66%Consumable Fuels 0.32%Personal Products 0.27%Realty 0.26%Insurance 0.25%Leisure Services 0.13%Auto Components 0.11%Chemicals & Petrochemicals 0.06%Financial Technology (Fintech) 0.05%Beverages 0.02%Agricultural, Commercial & Construction Vehicles 0.01%

TOP HOLDINGS

Net Receivables / (Payables) ()71.46%

Baroda BNP Paribas Liquid Fund - Direct Growth ()7.14%

Clearing Corporation of India Ltd ()6.45%

182 Days Tbill (MD 19/11/2026) ()4.37%

364 Days Tbill (MD 11/03/2027) ()4.3%

Vodafone Idea Limited (Telecom - Services)4.12%

Adani Energy Solutions Limited (Power)3.65%

Manappuram Finance Limited (Finance)3.55%

Canara Bank (Banks)3.54%

Axis Bank Limited (Banks)3.39%

Arbitrage funds all target the same small, steady spread, so behaviour-based matching cannot separate them.