Arbitrage FundNippon Life India Asset Management Limited

Nippon India Arbitrage Fund - Direct Plan Growth Plan - Growth Option

Benchmark: Nifty 50 Arbitrage · Riskometer: Low

₹30.8832

NAV (2026-08-31)

₹17,532.65 Cr

AUM (2026-08-31)

1.37%

EXPENSE RATIO (DIRECT)

2010-09-24

INCEPTION

BQuality · 76.3/100

?Safety · -/100

BCompound · 67.1/100

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	6.9%	80.77^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 31.52%Banks 17.6%Petroleum Products 5.07%Automobiles 4.86%Finance 4.34%Ferrous Metals 3.67%Power 3.33%Pharmaceuticals & Biotechnology 3.02%Cement & Cement Products 2.93%Telecom - Services 2.63%Retailing 2.3%Metals & Minerals Trading 1.52%Consumer Durables 1.44%Construction 1.3%Electrical Equipment 1.25%Non - Ferrous Metals 1.14%Insurance 0.97%Realty 0.93%Diversified FMCG 0.91%Agricultural Food & other Products 0.89%Financial Technology (Fintech) 0.88%Industrial Products 0.74%Transport Infrastructure 0.63%IT - Software 0.62%Consumable Fuels 0.59%Minerals & Mining 0.58%Healthcare Services 0.57%Agricultural, Commercial & Construction Vehicles 0.56%Transport Services 0.44%Beverages 0.42%Aerospace & Defense 0.36%Leisure Services 0.36%Auto Components 0.33%Capital Markets 0.29%Oil 0.23%Personal Products 0.15%Industrial Manufacturing 0.14%Gas 0.14%Food Products 0.13%Chemicals & Petrochemicals 0.12%Fertilizers & Agrochemicals 0.09%Diversified Metals 0.01%

TOP HOLDINGS

Nippon India Money Market Fund Dir Pl-Growth-Gr Op ()15.56%

Nippon India Ultra Short Duration Fund- Dr Gr Op ()7.61%

Reliance Industries Limited (Petroleum Products)4.58%

HDFC Bank Limited (Banks)4.37%

Triparty Repo ()3.03%

Axis Bank Limited (Banks)2.87%

JSW Steel Limited (Ferrous Metals)2.03%

State Bank of India (Banks)2%

Kotak Mahindra Bank Limited (Banks)1.6%

Grasim Industries Limited (Cement & Cement Products)1.53%

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

18.6742

P/E Ratio

6.8147

P/B Ratio

1.1651

Dividend Yield (%)

11.42

Portfolio Turnover - Total (%)

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Asset Allocation

As of Jul-2026

Equity 68.48%Debt 1.35%Cash 7%

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Market Cap Split

As of Jul-2026

Large 52.09%Mid 14.51%Small 1.88%

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Credit Quality

As of Jul-2026

AAA 0.52%AA 0.83%Sovereign 0%Other 5.11%

Portfolio analytics as of Jul-2026.

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