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Invest in direct mutual funds at zero charges via lump sump investments or SIPs
Bank of India Arbitrage Fund Growth
+6.15%
3Y annualised
-0.08% 1D
NAV: 16 Sep '26
₹14.70
Min. for SIP
₹1,000
Fund size (AUM)
₹134.00 Cr
Expense ratio
2.86%
Rating
2
Return calculator
Monthly investment
₹5,000
| Over the past | Total investment | Would've become | Historic returns | Returns |
|---|---|---|---|---|
| 6 months | ₹30,000 | ₹30,298 | +0.99% | |
| 1 year | ₹60,000 | ₹61,445 | +2.41% | |
| 3 years | ₹1,80,000 | ₹1,95,752 | +8.75% | |
| 5 years | ₹3,00,000 | ₹3,46,231 | +15.41% |
Holdings (77)
| Name | Sector | Instruments | Assets |
|---|---|---|---|
| Net Receivables | Unspecified | Net Receivables | 77.36% |
| BOI AXA Liquid Fund Direct-Growth | Unspecified | Mutual Fund | 14.42% |
| HDFC Bank Ltd | Financial | Equity | 6.22% |
| Canara Bank | Financial | Equity | 5.11% |
| Tata Steel Ltd | Materials | Equity | 4.84% |
| Vedanta Ltd | Materials | Equity | 4.39% |
| Vodafone Idea Ltd | Technology | Equity | 3.75% |
| PUNJAB NATIONAL BANK CD 04FEB27 | Financial | Certificate of Deposit | 3.63% |
| Steel Authority Of India Ltd | Materials | Equity | 3.62% |
| ITC Ltd | Consumer Staples | Equity | 3.58% |
| Bank Of Baroda | Financial | Equity | 3.44% |
| Axis Bank Ltd | Financial | Equity | 3.40% |
| Kotak Mahindra Bank Ltd | Financial | Equity | 3.07% |
| Bharat Forge Ltd | Consumer Discretionary | Equity | 2.98% |
| Reliance Industries Ltd | Energy & Utilities | Equity | 2.91% |
| Samvardhana Motherson International Ltd | Consumer Discretionary | Equity | 2.58% |
| Power Finance Corporation Ltd | Financial | Equity | 2.41% |
| Hindustan Unilever Ltd | Consumer Staples | Equity | 2.16% |
| State Bank of India | Financial | Equity | 1.96% |
| Bajaj Finance Ltd | Financial | Equity | 1.77% |
| JSW Steel Ltd | Materials | Equity | 1.71% |
| Container Corporation Of India Ltd | Industrials | Equity | 1.48% |
| Repo | Unspecified | Repo | 1.46% |
| Divi's Laboratories Ltd | Healthcare | Equity | 1.41% |
| Ambuja Cements Ltd | Materials | Equity | 1.40% |
| Hero Motocorp Ltd | Consumer Discretionary | Equity | 1.40% |
| GOVERNMENT OF INDIA 37629 091 DAYS TBILL 01OT26 FV RS 100 | Financial | Treasury Bills | 1.11% |
| Biocon Ltd | Healthcare | Equity | 1.00% |
| UPL Ltd | Materials | Equity | 0.97% |
| Cipla Ltd | Healthcare | Equity | 0.94% |
| Apollo Hospitals Enterprise Ltd | Healthcare | Equity | 0.75% |
| GOVERNMENT OF INDIA 36582 364 DAYS TBILL 08OT26 FV RS 100 | Financial | Treasury Bills | 0.74% |
| GOVERNMENT OF INDIA 37177 364 DAYS TBILL 04MR27 FV RS 100 | Financial | Treasury Bills | 0.65% |
| Union Bank of India | Financial | Equity | 0.62% |
| Godrej Properties Ltd | Real Estate | Equity | 0.39% |
| Bharti Airtel Ltd | Technology | Equity | 0.39% |
| GOVERNMENT OF INDIA 36428 364 DAYS TBILL 10SP26 FV RS 100 | Financial | Treasury Bills | 0.37% |
| GOVERNMENT OF INDIA 37392 182 DAYS TBILL 22OT26 FV RS 100 | Financial | Treasury Bills | 0.37% |
| GOVERNMENT OF INDIA 37449 182 DAYS TBILL 19NV26 FV RS 100 | Financial | Treasury Bills | 0.37% |
| CG Power & Industrial Solutions Ltd | Industrials | Equity | 0.29% |
| Ultratech Cement Ltd | Materials | Equity | 0.09% |
| Grasim Industries Ltd | Materials | Equity | 0.06% |
| Indus Towers Ltd | Technology | Equity | 0.05% |
| GOVERNMENT OF INDIA 36908 364 DAYS TBILL 07JN27 FV RS 100 | Financial | Treasury Bills | 0.04% |
| Indus Towers Limited September 2026 Future | Technology | Futures | -0.05% |
| Grasim Industries Ltd.-SEP2026 | Materials | Futures | -0.06% |
| UltraTech Cement Limited September 2026 Future | Materials | Futures | -0.09% |
| CG Power and Industrial Solutions Limited September 2026 Future | Industrials | Futures | -0.28% |
| Godrej Properties Limited September 2026 Future | Real Estate | Futures | -0.39% |
| Bharti Airtel Ltd-SEP2026 | Technology | Futures | -0.40% |
| Union Bank of India September 2026 Future | Financial | Futures | -0.61% |
| Apollo Hospitals Enterprises Ltd.-SEP2026 | Healthcare | Futures | -0.75% |
| Cipla Limited September 2026 Future | Healthcare | Futures | -0.95% |
| UPL Limited September 2026 Future | Materials | Futures | -0.98% |
| Biocon Limited September 2026 Future | Healthcare | Futures | -0.99% |
| Divi's Laboratories Limited September 2026 Future | Healthcare | Futures | -1.38% |
| Ambuja Cements Limited September 2026 Future | Materials | Futures | -1.42% |
| Hero MotoCorp Limited September 2026 Future | Consumer Discretionary | Futures | -1.44% |
| Container Corporation of India Limited September 2026 Future | Industrials | Futures | -1.49% |
| JSW Steel Limited September 2026 Future | Materials | Futures | -1.74% |
| Bajaj Finance Limited September 2026 Future | Financial | Futures | -1.80% |
| State Bank of India September 2026 Future | Financial | Futures | -1.95% |
| Hindustan Unilever Limited September 2026 Future | Consumer Staples | Futures | -2.21% |
| Power Finance Corporation Limited September 2026 Future | Financial | Futures | -2.50% |
| Samvardhana Motherson International Limited September 2026 Future | Consumer Discretionary | Futures | -2.53% |
| Bharat Forge Limited September 2026 Future | Consumer Discretionary | Futures | -2.91% |
| Reliance Industries Limited September 2026 Future | Energy & Utilities | Futures | -2.96% |
| Kotak Mahindra Bank Limited September 2026 Future | Financial | Futures | -3.12% |
| Axis Bank Limited September 2026 Future | Financial | Futures | -3.32% |
| Bank of Baroda September 2026 Future | Financial | Futures | -3.44% |
| Steel Authority of India Limited September 2026 Future | Materials | Futures | -3.70% |
| ITC Limited September 2026 Future | Consumer Staples | Futures | -3.72% |
| Vodafone Idea Limited September 2026 Future | Technology | Futures | -3.85% |
| Vedanta Limited September 2026 Future | Materials | Futures | -4.43% |
| Tata Steel Limited September 2026 Future | Materials | Futures | -4.81% |
| Canara Bank September 2026 Future | Financial | Futures | -5.11% |
| HDFC Bank Limited September 2026 Future | Financial | Futures | -6.28% |
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 | +5.5% | +6.2% | +5.3% | +4.8% |
| Category average (Hybrid Arbitrage) | +6.1% | +6.8% | +5.6% | -- |
| Rank (Hybrid Arbitrage) | 28 | 23 | 23 | -- |
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) | |
|---|---|---|---|---|
 | +6.05% | +6.84% | 75,712.35 | |
 | +6.08% | +6.82% | 11,131.60 | |
 | +5.98% | +6.73% | 47,282.79 | |
 | +5.92% | +6.46% | 553.90 | |
 | +6.34% | -- | 2,254.61 | |
| Compare | ||||
Fund management
NJNilesh JethaniJul 2025 - PresentView details
NJ
Nilesh Jethani
Jul 2025 - Present
View details
About Bank of India Arbitrage Fund Growth
Bank of India Arbitrage Fund 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 Growth fund. The fund currently has an Asset Under Management(AUM) of ₹18,387 Cr and the Latest NAV as of 16 Sep 2026 is ₹14.70.
The Bank of India Arbitrage Fund 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₹18,386.72 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,