HSBC Arbitrage Fund - Direct Plan - IDCW - Quarterly

Regular

Regular and Direct options of the funds are exactly same except commission to your mutual fund broker/distributor. As an investor you do not need to pay any additional fees to purchase any of these options. However both have different expense ratios. Regular funds have higher expense ratio and direct funds have lower expense ratio. This difference is because of commission paid to broker/distributor. Lower expense ratio leads to higher returns for investors.
Direct

Regular and Direct options of the funds are exactly same except commission to your mutual fund broker/distributor. As an investor you do not need to pay any additional fees to purchase any of these options. However both have different expense ratios. Regular funds have higher expense ratio and direct funds have lower expense ratio. This difference is because of commission paid to broker/distributor. Lower expense ratio leads to higher returns for investors.

Category : Arbitrage Fund

Fund House : L&T Mutual Fund

NAV

This number shows latest NAV (Net Asset Value) and change in the NAV from previous day. NAV is nothing but the unit price for the fund. You will be allocated number of units based on this price. NAV is declared once each day generally at the end of the day. Once you invest in mutual funds, your money is further invested in stocks and bonds by mutual fund managers. Mutual Fund NAV is the per unit latest value of all such stocks/bonds held in the portfolio

: ₹ 11.0449 0%
(as on 07th November, 2025)

Crisil Rating

Average performance among peers

Fund Size

: ₹ 2438.46 Cr

(0.73% of Investment in Category)

Expense Ratio

: 0.28%

(0.32% Category average)

Risk-O-Meter

Low Risk

Arbitrage Fund :Arbitrage Fund : The fund has 73.77% investment in domestic equities of which 36.03% is in Large Cap stocks, 19.08% is in Mid Cap stocks, 1.69% in Small Cap stocks.The fund has 10.5% investment in Debt, of which , 10.5% is in Low Risk securities.

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3M
6M
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This Scheme

VS

Nifty 50 Arbitrage Index

0.68%

1.83%

3.42%

7.73%

7.54%

6.12%

6.58%
NA
0.59%

1.54%

3.1%

6.93%

7.47%

6.17%

6.07%

NA
Gold

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Returns Calculator
SIP Calculator
VIP (Value Avg)

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Profit/Loss

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Annualised Returns

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Returns (NAV as on 07th November, 2025)

Period Invested for	₹10000 Invested on	Latest Value	Absolute Returns	Annualised Returns	Category Avg	Rank within Category
1 Week	31-Oct-25	10016.10	0.16%	-	0.18%	31/35
1 Month	07-Oct-25	10056.80	0.57%	-	0.59%	25/34
3 Month	07-Aug-25	9928.80	-0.71%	-	1.54%	16/33
6 Month	07-May-25	9856.30	-1.44%	-	3.10%	20/33
YTD	01-Jan-25	9892.00	-1.08%	-	5.84%	21/32
1 Year	07-Nov-24	9780.50	-2.20%	-2.20%	6.93%	19/29
2 Year	07-Nov-23	9742.60	-2.57%	-1.29%	7.47%	18/28
3 Year	07-Nov-22	9958.20	-0.42%	-0.14%	7.58%	17/26
5 Year	06-Nov-20	10813.60	8.14%	1.57%	6.17%	16/25
10 Year	06-Nov-15	14604.30	46.04%	3.86%	6.33%	9/15
Since Inception	30-Jun-14	16334.50	63.35%	4.41%	6.07%	16/35

Returns Calculator Detailed Returns Analysis

SIP Returns (NAV as on 07th November, 2025)

Period Invested for	₹1000 SIP Started on	Investments	Latest Value	Absolute Returns	Annualised Returns
1 Year	07-Nov-24	12000	11836.18	-1.37 %	-2.51 %
2 Year	07-Nov-23	24000	23512.97	-2.03 %	-1.95 %
3 Year	07-Nov-22	36000	35257.34	-2.06 %	-1.35 %
5 Year	06-Nov-20	60000	60201.06	0.34 %	0.13 %
10 Year	06-Nov-15	120000	135459.93	12.88 %	2.38 %

SIP Calculator Detailed Returns Analysis

Tax Treatment

If sold after 1 year from purchase date, long term capital gain tax will be applicable. Current tax rate is 12.5%, if your total long term capital gain exceeds 1.25 lakh. Any cess/surcharge is not included. If sold before 1 year from purchase date, short term capital gain tax will be applicable. Current tax rate is 20%. Any cess/surcharge is not included in the 20%.

Portfolio (Updated on 30th Sep,2025)

Portfolio Turnover Ratio : 1270.00% | Category average turnover ratio is 1420.55%

Fund manager updated portfolio less frequently than peers in last 1 year. (I.e. fund manager held stocks/bonds in the portfolio for longer duration than peers)

Equity Holding : 73.77% | F&O Holdings : 0.00%| Foreign Equity Holdings : 0.00%| Total : 73.77%

No of Stocks : 122 (Category Avg - 144.70) | Large Cap Investments : 36.03%| Mid Cap Investments : 19.08% | Small Cap Investments : 1.69% | Other : 16.97%

Top 10 Stocks in Portfolio

How to read this table?

Stock Invested in	Sector	Value(Mn)	% of Total Holdings	1M Change	1Y Highest Holding	1Y Lowest Holding	Quantity	1M Change in Qty
State Bank Of India	Public sector bank	1730.7	7.10%	-0.04%	7.3% (Jul 2025)	0.71% (Oct 2024)	19.84 L	-1.28 L
HDFC Bank Ltd.	Private sector bank	1585.9	6.50%	0.15%	6.5% (Sep 2025)	0.76% (Dec 2024)	16.68 L	83.60 k
ICICI Bank Ltd.	Private sector bank	1537.1	6.30%	-0.87%	7.24% (Jul 2025)	0% (Oct 2024)	11.40 L	-0.77 L
Reliance Industries Ltd.	Refineries & marketing	1134.9	4.65%	0.89%	6.01% (Mar 2025)	1.96% (Jun 2025)	8.32 L	1.74 L
Axis Bank Ltd.	Private sector bank	1100.5	4.51%	-0.75%	5.26% (Aug 2025)	0.23% (Oct 2024)	9.73 L	-2.23 L
Eternal Ltd.	E-retail/ e-commerce	810.7	3.32%	2.16%	3.32% (Sep 2025)	0% (Oct 2024)	24.90 L	16.15 L
PNB Housing Finance Ltd.	Housing finance company	732	3.00%	0.17%	3% (Sep 2025)	0% (Oct 2024)	8.48 L	-0.44 L
RBL Bank Ltd.	Private sector bank	611.8	2.51%	2.37%	2.51% (Sep 2025)	0% (Oct 2024)	22.07 L	20.76 L
Marico Ltd.	Personal care	428.5	1.76%	0.58%	1.76% (Sep 2025)	0% (Oct 2024)	6.14 L	2.28 L
Sammaan Capital Ltd.	Housing finance company	410.9	1.68%	1.41%	1.68% (Sep 2025)	0% (Oct 2024)	25.54 L	20.34 L

- indicates change in weight in the portfolio. # indicates a new entry.

Detailed Portfolio Analysis

No of Debt Holding 8 (Category Avg - 9.76) | Modified Duration 0.00 Years (Category Avg - 0.40)| Yield to Maturity - -- (Category Avg - 6.02%)

Type of Holdings

Security Type	% Weight	Category Average
GOI	0.00%	0.98%
CD	2.96%	1.86%
T-Bills	0.00%	1.28%
CP	0.00%	1.13%
NCD & Bonds	7.54%	2.59%
PTC	0.00%	0.02%

Investment / Portfolio Grades

Security Type	% Weight	Category Average
Government Backed	0.00%	0.00%
Low Risk	10.50%	5.59%
Moderate Risk	0.00%	0.00%
High Risk	0.00%	0.00%
Very High Risk	0.00%	0.00%
Others	0.00%	0.00%

Detailed Portfolio Analysis

Name	Type of Instrument	Weight (%)
MF Units	MF Units	11.11%
MF Units	MF Units	3.49%
MF Units	MF Units	1.20%
TREPS	TREPS	0.69%
Net Receivables	Net Receivables	-0.76%

Detailed Portfolio Analysis

Risk Ratios

Ratios calculated on daily returns for last 3 years (Updated as on 31st October, 2025)

Standard Deviation
Standard Deviation value gives an idea about how volatile fund returns has been in the past 3 years. Lower value indicates more predictable performance. So if you are comparing 2 funds (lets say Fund A and Fund B) in the same category. If Fund A and Fund B has given 9% returns in last 3 years, but Fund A standard deviation value is lower than Fund B. So you can say that there is a higher chance that Fund A will continue giving similar returns in future also whereas Fund B returns may vary.

High volatility

0.95vs0.93

Category Avg
Beta
Beta value gives idea about how volatile fund performance has been compared to similar funds in the market. Lower beta implies the fund gives more predictable performance compared to similar funds in the market. So if you are comparing 2 funds (lets say Fund A and Fund B) in the same category. If Fund A and Fund B has given 9% returns in last 3 years, but Fund A beta value is lower than Fund B. So you can say that there is a higher chance that Fund A will continue giving similar returns in future also whereas Fund B returns may vary.

Low volatility

0.5vs0.51

Category Avg
Sharpe Ratio
Sharpe ratio indicates how much risk was taken to generate the returns. Higher the value means, fund has been able to give better returns for the amount of risk taken. It is calculated by subtracting the risk-free return, defined as an Indian Government Bond, from the fund's returns, and then dividing by the standard deviation of returns. For example, if fund A and fund B both have 3-year returns of 15%, and fund A has a Sharpe ratio of 1.40 and fund B has a Sharpe ratio of 1.25, you can chooses fund A, as it has given higher risk-adjusted return.

Better risk adjusted returns

0.98vs0.97

Category Avg
Treynor's Ratio
Treynor's ratio indicates how much excess return was generated for each unit of risk taken. Higher the value means, fund has been able to give better returns for the amount of risk taken. It is calculated by subtracting the risk-free return, defined as an Indian Government Bond, from the fund's returns, and then dividing by the beta of returns. For example, if fund A and fund B both have 3-year returns of 15%, and fund A has a Treynor's ratio of 1.40 and fund B has a Treynor's ratio of 1.25, then you can chooses fund A, as it has given higher risk-adjusted return.

Better risk adjusted returns

0.02vs0.02

Category Avg
Jensen's Alpha
Alpha indicates how fund generated additional returns compared to a benchmark. Let's say if a fund A benchmarks its returns with Nifty50 returns then alpha equal to 1.0 indicates the fund has beaten the nifty returns by 1%, so the higher the alpha, the better.

Better risk adjusted returns

0.13vs0.07

Category Avg

Alternative Funds (Category Peers)

Scheme Name	Crisil Rank	Asset Size (Cr)	1M	3M	6M	1Y	3Y
WhiteOak Capital Arbitrage Fund - Direct Plan - Growth	5	665.18	0.64	1.67	3.32	7.42	0.00
ITI Arbitrage Fund - Direct Plan - Growth	NA	48.18	0.62	1.59	3.29	7.24	7.39
Tata Arbitrage Fund - Direct Plan - Growth	5	19149.57	0.58	1.55	3.22	7.22	7.86
Aditya Birla Sun Life Arbitrage Fund - Direct Plan - Growth	5	22618.88	0.61	1.58	3.21	7.20	7.81
Invesco India Arbitrage Fund - Direct Plan - Growth	4	27022.81	0.63	1.61	3.24	7.17	7.91
Edelweiss Arbitrage Fund - Direct Plan - Growth	3	16053.09	0.62	1.56	3.17	7.13	7.85
Kotak Arbitrage Fund - Direct Plan - Growth	3	71517.53	0.60	1.56	3.11	7.13	7.91
UTI Arbitrage Fund - Direct Plan - Growth	4	9167.09	0.60	1.55	3.16	7.12	7.73
Sundaram Arbitrage Fund - Direct Plan - Growth	3	316.44	0.55	1.53	3.12	7.09	7.45
Axis Arbitrage Fund - Direct Plan - Growth	4	7578.40	0.61	1.57	3.15	7.08	7.69

Detailed Comparison

More Funds from L&T Mutual Fund

Out of 45 mutual fund schemes offered by this AMC, 6 is/are ranked 4 * , 12 is/are ranked 3 * , 5 is/are ranked 2 * , 3 is/are ranked 1 * , and 19 schemes are not ranked. See more about AMC

Scheme Name	Crisil Rank	Asset Size (Cr)	1M	3M	6M	1Y	3Y
HSBC Small Cap Fund - Direct Plan - Growth	1	16040.77	-0.55	0.60	9.00	-8.06	19.89
HSBC Liquid Fund - Direct Plan - Growth	3	14759.34	0.48	1.45	3.05	6.77	7.09
HSBC Value Fund - Direct Plan - Growth	4	13712.18	2.09	3.45	10.76	3.75	23.85
HSBC Mid Cap Fund - Direct Plan - Growth	2	11937.34	-0.63	3.62	13.46	1.75	25.04
HSBC Corporate Bond Fund - Direct Plan - Growth	4	6169.79	0.60	1.58	3.65	8.78	8.23
HSBC Aggressive Hybrid Fund - Direct - Growth	1	5546.10	-0.42	2.69	11.65	5.02	16.27
HSBC Flexi Cap Fund - Direct Plan - Growth	3	5049.19	0.72	3.59	9.53	2.47	20.17
HSBC Multi Cap Fund - Direct Plan - Growth	NA	5033.17	1.34	3.99	10.91	3.82	0.00
HSBC Overnight Fund - Direct Plan - Growth	NA	4650.16	0.46	1.36	2.75	6.02	6.45
HSBC Short Duration Fund - Direct Plan - Growth	3	4454.79	0.55	1.53	3.41	8.66	7.96