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Bank of India Arbitrage Fund Direct Growth
Hybrid
Arbitrage
Low Risk
+7.01%
3Y annualised
+0.09% 1D
NAV: 16 Jan '26
₹14.87
Min. SIP amount
₹1,000
Fund size
₹42.86 Cr
Expense ratio
0.42%
Return calculator
Monthly SIP
One time
Monthly investment
₹5,000
| Over the past | Total investment | Would've become | Historic returns | Returns |
|---|---|---|---|---|
| 1 year | ₹60,000 | ₹61,726 | +2.88% | |
| 3 years | ₹1,80,000 | ₹1,98,756 | +10.42% | |
| 5 years | ₹3,00,000 | ₹3,50,678 | +16.89% |
Holdings (70)
| Name | Sector | Instruments | Assets |
|---|---|---|---|
| Bank of India Liquid Fund Direct-Growth | NA | Mutual Fund | 13.86% |
| Hindalco Industries Ltd. | Metals & Mining | Equity | 7.53% |
| JIO Financial Services Ltd. | Financial | Equity | 5.01% |
| Sammaan Capital Ltd. | Financial | Equity | 4.53% |
| JSW Steel Ltd. | Metals & Mining | Equity | 4.40% |
| Mahindra & Mahindra Ltd. | Automobile | Equity | 4.15% |
| Patanjali Foods Ltd. | Consumer Staples | Equity | 3.89% |
| ITC Ltd. | Consumer Staples | Equity | 3.76% |
| Multi Commodity Exchange Of India Ltd. | Services | Equity | 3.57% |
| Axis Bank Ltd. | Financial | Equity | 3.33% |
| Hindustan Aeronautics Ltd. | Capital Goods | Equity | 3.23% |
| Max Healthcare Institute Ltd. | Healthcare | Equity | 3.07% |
| Grasim Industries Ltd. | Construction | Equity | 2.97% |
| Vedanta Ltd. | Metals & Mining | Equity | 2.76% |
| Kotak Mahindra Bank Ltd. | Financial | Equity | 2.67% |
| Godrej Properties Ltd. | Construction | Equity | 2.57% |
| CG Power and Industrial Solutions Ltd. | Capital Goods | Equity | 2.57% |
| Bank Of Baroda | Financial | Equity | 2.42% |
| Hindustan Petroleum Corporation Ltd. | Energy | Equity | 2.36% |
| PNB Housing Finance Ltd. | Financial | Equity | 2.31% |
| Tata Consumer Products Ltd. | Consumer Staples | Equity | 2.29% |
| Bajaj Finserv Ltd. | Financial | Equity | 2.14% |
| RBL Bank Ltd. | Financial | Equity | 2.11% |
| Punjab National Bank | Financial | Equity | 2.08% |
| Tube Investments Of India Ltd. | Automobile | Equity | 2.07% |
| Reserve Bank of India | Financial | T-Bills | 2.06% |
| Reserve Bank of India | Financial | T-Bills | 1.51% |
| Indian Oil Corporation Ltd. | Energy | Equity | 1.33% |
| Reserve Bank of India | Financial | T-Bills | 1.12% |
| Bajaj Finance Ltd. | Financial | Equity | 1.04% |
| Reserve Bank of India | Financial | T-Bills | 1.03% |
| Reserve Bank of India | Financial | T-Bills | 0.82% |
| Reliance Industries Ltd. | Energy | Equity | 0.73% |
| Ambuja Cements Ltd. | Construction | Equity | 0.55% |
| Varun Beverages Ltd. | Consumer Staples | Equity | 0.51% |
| Exide Industries Ltd. | Capital Goods | Equity | 0.30% |
| Adani Ports and Special Economic Zone Ltd. | Services | Equity | 0.16% |
| Indusind Bank Ltd. | Financial | Equity | 0.14% |
| Indusind Bank Ltd. | Financial | Futures | -0.14% |
| Adani Ports and Special Economic Zone Ltd. | Services | Futures | -0.16% |
| Exide Industries Ltd. | Capital Goods | Futures | -0.31% |
| Varun Beverages Ltd. | Consumer Staples | Futures | -0.52% |
| Ambuja Cements Ltd. | Construction | Futures | -0.55% |
| Reliance Industries Ltd. | Energy | Futures | -0.74% |
| Bajaj Finance Ltd. | Financial | Futures | -1.04% |
| Indian Oil Corporation Ltd. | Energy | Futures | -1.33% |
| Tube Investments Of India Ltd. | Automobile | Futures | -2.09% |
| Punjab National Bank | Financial | Futures | -2.09% |
| RBL Bank Ltd. | Financial | Futures | -2.11% |
| Bajaj Finserv Ltd. | Financial | Futures | -2.15% |
| Tata Consumer Products Ltd. | Consumer Staples | Futures | -2.31% |
| PNB Housing Finance Ltd. | Financial | Futures | -2.32% |
| Hindustan Petroleum Corporation Ltd. | Energy | Futures | -2.37% |
| Bank Of Baroda | Financial | Futures | -2.44% |
| CG Power and Industrial Solutions Ltd. | Capital Goods | Futures | -2.58% |
| Godrej Properties Ltd. | Construction | Futures | -2.59% |
| Kotak Mahindra Bank Ltd. | Financial | Futures | -2.68% |
| Vedanta Ltd. | Metals & Mining | Futures | -2.76% |
| Grasim Industries Ltd. | Construction | Futures | -2.99% |
| Max Healthcare Institute Ltd. | Healthcare | Futures | -3.09% |
| Hindustan Aeronautics Ltd. | Capital Goods | Futures | -3.24% |
| Axis Bank Ltd. | Financial | Futures | -3.34% |
| Multi Commodity Exchange Of India Ltd. | Services | Futures | -3.59% |
| ITC Ltd. | Consumer Staples | Futures | -3.78% |
| Patanjali Foods Ltd. | Consumer Staples | Futures | -3.92% |
| Mahindra & Mahindra Ltd. | Automobile | Futures | -4.18% |
| JSW Steel Ltd. | Metals & Mining | Futures | -4.43% |
| Sammaan Capital Ltd. | Financial | Futures | -4.56% |
| JIO Financial Services Ltd. | Financial | Futures | -5.05% |
| Hindalco Industries Ltd. | Metals & Mining | Futures | -7.56% |
See All
Minimum investments
Min. for 1st investment
₹5,000
Min. for 2nd investment
₹1,000
Min. for SIP
₹1,000
Returns and rankings
Annualised returns
Absolute returns
| Name | 1Y | 3Y | 5Y | All |
|---|---|---|---|---|
| Fund returns | +6.4% | +7.0% | +5.5% | +5.4% |
| Category average (Hybrid Arbitrage) | +6.1% | +6.8% | +5.6% | -- |
| Rank (Hybrid Arbitrage) | 28 | 24 | 24 | -- |
Exit load, stamp duty and tax
Exit load
Exit load of 0.50%, if redeemed within 15 days.
Stamp duty on investment: 0.005% (from July 1st, 2020)
from July 1st 2020
Tax implication
If you redeem within one year, returns are taxed at 20%. If you redeem after one year, returns exceeding Rs 1.25 lakh in a financial year are taxed at 12.5%.
Check past data
Compare similar funds
| Name | 1Y | 3Y | Fund Size(Cr) | |
|---|---|---|---|---|
Invesco India Arbitrage Fund Direct Growth | +7.10% | +7.84% | 27,399.88 | |
Tata Arbitrage Fund Direct Growth | +7.21% | +7.83% | 20,013.43 | |
Aditya Birla Sun Life Arbitrage Fund Direct Growth | +7.13% | +7.77% | 25,396.48 | |
Bandhan Arbitrage Fund Direct Growth | +6.91% | +7.71% | 8,967.81 | |
SBI Arbitrage Opportunities Fund Direct Growth | +6.98% | +7.71% | 41,713.82 | |
| Compare | ||||
Fund management
NJNilesh JethaniJul 2025 - PresentView details
NJ
Nilesh Jethani
Jul 2025 - Present
View details
About Bank of India Arbitrage Fund Direct Growth
Bank of India Arbitrage Fund Direct Growth is a Hybrid Mutual Fund Scheme launched by Bank of India Mutual Fund. This scheme was made available to investors on 31 Mar 2008. Nilesh Jethani is the Current Fund Manager of Bank of India Arbitrage Fund Direct Growth fund. The fund currently has an Asset Under Management(AUM) of ₹13,696 Cr and the Latest NAV as of 16 Jan 2026 is ₹14.87.
The Bank of India Arbitrage Fund Direct Growth is rated Low risk. Minimum SIP Investment is set to ₹1,000. Minimum Lumpsum Investment is ₹5,000. Exit load of 0.50%, if redeemed within 15 days.
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Investment Objective
The scheme seeks to generate income through arbitrage opportunities between cash and derivative segments of the equity market and arbitrage opportunities within the derivative segment and by deployment of surplus cash in debt securities and money market instruments.
Fund benchmarkNIFTY 50 Arbitrage Total Return Index
Fund house
Rank (total assets)#31 in India
Total AUM₹13,696.42 Cr
Date of Incorporation31 Mar 2008
Launch Date31 Mar 2008
AddressB/204-Tower 1, Peninsula Corporate Park, Ganpatrao Kadam Marg,Lower Parel, Mumbai 400013
Websitewww.karvymfs.com
AddressKarvy House, No. 46, 8-2-609/K, Avenue 4, Street No.1 Banjara Hills,