Arbitrage FundHSBC Asset Management (India) Private Ltd.

HSBC Arbitrage Fund - Direct Growth

Benchmark: Nifty 50 Arbitrage · Riskometer: Low

₹21.8462

NAV (2026-08-31)

₹3,288.168 Cr

AUM (2026-08-31)

1.47%

EXPENSE RATIO (DIRECT)

2014-06-26

INCEPTION

AQuality · 88.9/100

?Safety · -/100

ACompound · 81.7/100

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

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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	7.5%	96.15^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.

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Top sector holdings

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

Other 31.19%Banks 25.08%Power 6.63%Finance 3.53%Consumer Durables 3.5%Ferrous Metals 3.46%Pharmaceuticals & Biotechnology 3.27%Petroleum Products 2.72%Electrical Equipment 2.21%Insurance 2.17%Realty 1.98%Telecom - Services 1.84%Capital Markets 1.74%Diversified FMCG 1.72%Minerals & Mining 1.58%Transport Services 1.35%Construction 0.95%Non - Ferrous Metals 0.8%Metals & Minerals Trading 0.8%Cement & Cement Products 0.8%Automobiles 0.5%Aerospace & Defense 0.36%Industrial Products 0.35%Agricultural Food & other Products 0.2%Personal Products 0.18%Beverages 0.17%Retailing 0.16%Consumable Fuels 0.14%Healthcare Services 0.13%Transport Infrastructure 0.13%Agricultural, Commercial & Construction Vehicles 0.13%Chemicals & Petrochemicals 0.1%Auto Components 0.07%Fertilizers & Agrochemicals 0.04%Oil 0.01%Leisure Services 0.01%Diversified Metals %

TOP HOLDINGS

HSBC Money Market Fund - Direct Growth ()17.19%

HDFC Bank Limited (Banks)5.44%

Canara Bank (Banks)3.92%

Adani Energy Solutions Limited (Power)3.15%

Adani Power Limited (Power)2.94%

Bandhan Bank Limited (Banks)2.73%

ICICI Bank Limited (Banks)2.71%

Yes Bank Ltd (Banks)2.51%

Indian Bank** ()2.43%

NABARD** ()2.4%

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

17.2855

P/E Ratio

6.8147

P/B Ratio

1.5004

Dividend Yield (%)

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Asset Allocation

As of Jul-2026

Equity 68.81%Debt 0%Cash 11.89%

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Market Cap Split

As of Jul-2026

Large 39.38%Mid 20.43%Small 9%

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Credit Quality

As of Jul-2026

AAA 0%AA 0%Sovereign 0%Other 11.29%

Portfolio analytics as of Jul-2026.

Data as of 2026-09-02. Source: AMFI disclosures via Punji. Not investment advice.