BANK OF INDIA ARBITRAGE FUND
Bank of India Mutual Fund · Arbitrage · Direct plan, growth option
NAV (₹), 23 Oct 2026
15.6011
1-day change
0.15%
1Y return
6.6%
3Y CAGR
6.9%
5Y CAGR
6.0%
Max drawdown, 5Y
−0.4%
NAV history month-end NAV, ₹ · 20 Jun 2018 to 23 Oct 2026
Returns vs Arbitrage median (39 schemes)
| Period | Scheme | Category median |
|---|---|---|
| 1 month | 0.8% | 0.6% |
| 3 months | 1.9% | 1.7% |
| 6 months | 3.2% | 3.3% |
| Year to date | 5.3% | 5.5% |
| 1 year | 6.6% | 6.8% |
| 3 years (CAGR) | 6.9% | 7.3% |
| 5 years (CAGR) | 6.0% | 6.8% |
| 7 years (CAGR) | 5.3% | 6.2% |
| 10 years (CAGR) | n/a | 6.4% |
| Since first NAV (CAGR) | 5.5% | – |
Rolling returns every business-day start date
| Measure | Scheme | Category median |
|---|---|---|
| 1Y rolling median | 6.0% | 6.8% |
| 3Y rolling median | 4.8% | 6.7% |
| 3Y rolling worst | 3.2% | 4.5% |
| 3Y periods positive | 100% | 100% |
| 3Y periods ahead of benchmark | n/a | n/a |
| 5Y rolling median | 5.0% | 6.2% |
| 5Y rolling worst | 4.5% | 5.4% |
| 5Y periods ahead of benchmark | n/a | n/a |
Benchmark: none available in MFIC's free data for this category.
Risk 36 months, monthly returns, Rf 6.5%
| Measure | Scheme | Category median |
|---|---|---|
| Standard deviation (ann.) | 0.5% | 0.5% |
| Sharpe ratio | 0.66 | 1.48 |
| Sortino ratio | 0.89 | 2.57 |
| Beta | n/a | n/a |
| Alpha (ann.) | n/a | n/a |
| Upside capture | n/a | n/a |
| Downside capture | n/a | n/a |
Drawdowns peak-to-trough falls in NAV
| Measure | Scheme | Category median |
|---|---|---|
| Maximum drawdown, full history | −0.6% | −0.6% |
| Maximum drawdown, last 10Y | n/a | −0.6% |
| Maximum drawdown, last 5Y | −0.4% | −0.4% |
| Current drawdown | 0.0% | 0.0% |
| Recovery time of worst fall | n/a | – |
Longer histories include more crises, so compare the 5Y and 10Y figures across schemes of different ages.
Market context from Integrato Market Intelligence
This scheme hold only part of their money in each of these markets; the mix is set by the scheme and changes over time.
- 1Y +6.3% · 3Y +6.8% p.a. · 5Y +6.3% p.a. (index fund NAV, after costs)
- At its 52-week high (proxy NAV)
5.50%
1 Sep 2026 · −0.25 pp in a year · 5Y average 5.94%
Index levels and P/E: NSE daily index closing values; gold and silver: IBJA rates; returns: growth NAV of an index fund or ETF tracking the market (AMFI), so they are after that fund's costs. Context only: a market's level or valuation does not tell you how any scheme will perform. Explore all markets.
Direct or Regular for this scheme?
The Regular plan's expense ratio is 2.82% a year and the Direct plan's 2.13%, a gap of 0.69%; over the last 3 years the Direct plan returned 0.64 percentage points a year more. On a ₹25,000 monthly SIP for 20 years (illustration at 12% a year before costs) the gap adds up to about ₹13,93,127.
With the Regular plan, that cost pays a distributor to help you plan, choose and review funds, and stay invested when markets fall. Whether it is worth it depends on how much of that you will do yourself.
TER: AMFI TER disclosure. Returns: AMFI NAVs. Illustration, not a guaranteed saving or return.
Recent disclosure changes last 120 days, as disclosed via AMFI
- 19 Oct 2026: TER reduced from 2.14% to 2.13% (AMFI TER disclosure)
- 8 Oct 2026: TER reduced from 2.15% to 2.14% (AMFI TER disclosure)
- 1 Oct 2026: TER reduced from 2.19% to 2.15% (AMFI TER disclosure)
Fund managers and scheme facts Scheme Summary Document via AMFI
| Fund manager | Role | Managing since |
|---|---|---|
| Firdaus Ragina | Primary Fund Manager having around 20 years of experience | 1 Dec 2021 |
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. However, there is no assurance or guarantee that the investment objective of the scheme will be realized
Stated asset allocation: "Equity and equity related securities - 65% to 100% Equity Derivatives - 65% to 100% Debt and Money Market Securities /instruments - 00% to 35% Residual Portion: ETCDs - 00% to 10% Gold ETFs and Silver ETFs - 00% to 10%"
Benchmark (tier 1): NIFTY 50 Arbitrage Index
Exit load: • Any Redemption/Switch out - would be subject to an exit load of 0.50%, if the units are redeemed/switched out within 15 days from the date of allotment of units. • If the units are redeemed/switched out after 15 days from the date of allotment of units - "NIL"
Minimum application: ₹5,000
Allotment date: 18 Jun 2018
Documents: Scheme Information Document · Scheme Summary Document. Read the scheme documents before investing.
Cost, size and riskometer as disclosed to AMFI
| Measure | Scheme | Category median |
|---|---|---|
| Expense ratio (TER), Direct plan | 2.13% | 1.45% |
| AUM, whole scheme (₹ crore) | 120 | 1,761 |
| Riskometer | Low | – |
TER: AMFI, TER of MF Schemes. AUM and riskometer: AMFI, Fund Performance, 22 Oct 2026.
Official benchmark and category consistency
| Measure | Scheme | Benchmark / category |
|---|---|---|
| Return, 1 year (AMFI) | 6.3% | 7.1% TRI |
| Return, 3 years (AMFI) | 6.8% | 7.4% TRI |
| Return, 5 years (AMFI) | 6.0% | 6.8% TRI |
| Month-ends above category median (3Y CAGR) | 0% | 44% median |
| Month-ends in category top quartile (3Y) | 0% | 7% median |
| 7Y rolling CAGR, median (monthly windows) | 5.3% | 6.2% median |
Official benchmark: Nifty 50 Arbitrage Index (total return index, as published by AMFI). Category consistency: last 10 years of month-ends, Arbitrage Direct plans; how it is calculated.
Calendar-year returns NAV change from 31 Dec to 31 Dec
| Year | Scheme | Benchmark | Difference |
|---|---|---|---|
| 2026 YTD | 5.3% | n/a | – |
| 2025 | 6.5% | n/a | – |
| 2024 | 7.7% | n/a | – |
| 2023 | 6.8% | n/a | – |
| 2022 | 3.4% | n/a | – |
| 2021 | 2.8% | n/a | – |
| 2020 | 4.0% | n/a | – |
| 2019 | 6.0% | n/a | – |
No free benchmark proxy for this category. The first year starts from the first 31 December in the scheme's history.
Monthly SIP of ₹10,000 first business day of each month, ending 23 Oct 2026
| Period | Invested | Value | XIRR |
|---|---|---|---|
| 1 year | ₹1,20,000 | ₹1,24,733 | 6.6% |
| 3 years | ₹3,60,000 | ₹3,99,759 | 6.7% |
| 5 years | ₹6,00,000 | ₹7,11,525 | 6.6% |
Uses this plan's NAVs; ignores stamp duty, exit loads and taxes. One historical path only — the interactive SIP analyzer shows outcomes across every start date.
Scheme facts
Category: Arbitrage
Plan / option: Direct · Growth
AMFI scheme code: 143614
ISIN: INF761K01ED3
First NAV in MFIC data: 20 Jun 2018
History: 8.3 years
Portfolio holdings: see the scheme's monthly portfolio disclosure on the fund house website
Schemes that behaved similarly correlation of monthly returns, last 5 years
| Scheme | Category | Correlation | 3Y CAGR |
|---|---|---|---|
| DSP Arbitrage fund | Arbitrage | 0.94 | 7.2% |
| Bajaj Finserv Arbitrage Fund | Arbitrage | 0.94 | 7.0% |
| JM Arbitrage Fund | Arbitrage | 0.94 | 7.0% |
| ICICI Prudential Arbitrage Fund | Arbitrage | 0.93 | 7.3% |
| LIC MF Arbitrage Fund | Arbitrage | 0.93 | 7.1% |
| BARODA BNP PARIBAS ARBITRAGE FUND | Arbitrage | 0.93 | 7.3% |
Questions about BANK OF INDIA ARBITRAGE FUND
- What is the latest NAV of BANK OF INDIA ARBITRAGE FUND?
- The NAV of the Direct plan (growth option) was ₹15.6011 on 23 Oct 2026, as published by AMFI.
- Which category is BANK OF INDIA ARBITRAGE FUND in?
- It is classified as Arbitrage in AMFI's daily NAV file; a Arbitrage scheme holds largely hedged equity arbitrage positions. MFIC compares it with 39 Arbitrage schemes (Direct plans).
- What returns has BANK OF INDIA ARBITRAGE FUND delivered?
- Over one year the NAV changed by 6.6%. The 3-year CAGR is 6.9% (category median 7.3%) and the 5-year CAGR is 6.0% (category median 6.8%). Returns are after expenses and before tax. Past performance may or may not be sustained in future.
- How consistent have its 3-year returns been?
- Measuring a 3-year CAGR from every business day in its history, the median was 4.8%, the lowest was 3.2%, and 100% of 3-year periods ended with a gain.
- What was the largest fall in BANK OF INDIA ARBITRAGE FUND's NAV?
- The largest peak-to-trough fall in its available history was 0.6%; within the last five years it was 0.4% (category median 0.4%).
- How volatile is BANK OF INDIA ARBITRAGE FUND?
- Its annualised standard deviation of monthly returns over the last 36 months is 0.5%, which is below the Arbitrage category median of 0.5%.
- What would a monthly SIP in BANK OF INDIA ARBITRAGE FUND have grown to?
- A SIP of ₹10,000 on the first business day of each month for the last 5 years (60 instalments, ₹6,00,000 invested) would have been worth about ₹7,11,525 on 23 Oct 2026, an annualised return (XIRR) of 6.6%. This uses the Direct plan's NAVs, ignores taxes and exit loads, and past performance may or may not be sustained in future.
- What is the expense ratio (TER) of BANK OF INDIA ARBITRAGE FUND?
- The total expense ratio of the Direct plan is 2.13% a year, as disclosed to AMFI (median of Arbitrage Direct plans: 1.45%). It is already deducted from the NAV, so every return shown is after expenses.
- How large is BANK OF INDIA ARBITRAGE FUND?
- Assets under management of the whole scheme were ₹120 crore on 22 Oct 2026, as published by AMFI.
- What is the riskometer level of BANK OF INDIA ARBITRAGE FUND?
- AMFI lists the scheme's riskometer as “Low”, and its benchmark's as “Low”. The riskometer is a label of potential risk set under SEBI rules, not a forecast.
- What is the benchmark of BANK OF INDIA ARBITRAGE FUND and how has it compared?
- Its official benchmark is the Nifty 50 Arbitrage Index. Over 3 years AMFI reports a return of 6.8% for this plan against 7.4% for the benchmark total return index; over 5 years 6.0% against 6.8%. Past performance does not indicate future results.
- How often has BANK OF INDIA ARBITRAGE FUND beaten its category?
- At 0% of the 64 month-ends compared over the last 10 years, its 3-year return was above the median of Arbitrage schemes (Direct plans); it was in the top quarter at 0% of them. A typical scheme would show about 50%.
- Who manages BANK OF INDIA ARBITRAGE FUND?
- According to its Scheme Summary Document, BANK OF INDIA ARBITRAGE FUND is managed by Firdaus Ragina (since 1 Dec 2021).
- What is the exit load of BANK OF INDIA ARBITRAGE FUND?
- As stated in its scheme documents: • Any Redemption/Switch out - would be subject to an exit load of 0.50%, if the units are redeemed/switched out within 15 days from the date of allotment of units. • If the units are redeemed/switched out after 15 days from the date of allotment of units - "NIL" Check the latest Scheme Information Document before investing, as loads can change.
- What is the minimum investment in BANK OF INDIA ARBITRAGE FUND?
- The minimum application amount is ₹5,000. SIP details: SIP - 1000, SWP - 1000 & STP - 1000.
- What is the difference between the Direct and Regular plans?
- Both plans hold the same portfolio; the Regular plan includes distribution costs in its expense ratio. Over one year the Direct plan's NAV changed by 6.6% and the Regular plan's by 5.9%. The Regular plan includes the services of a distributor.
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Integrato's team can walk you through how your current schemes have behaved, using the same data shown here. Integrato is an AMFI-registered Mutual Fund Distributor.
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Data & disclosure. Source: AMFI daily NAV file and historical NAVs via mfapi.in; calculations by MFIC, as of 23 Oct 2026. Category medians use Direct plans in the same AMFI category. Mutual fund investments are subject to market risks; read all scheme-related documents carefully. Past performance may or may not be sustained in future. This page is for research and education only and is not investment advice or a recommendation to buy, sell or hold any scheme. Integrato Financial Services Pvt. Ltd. is an AMFI-registered Mutual Fund Distributor (ARN-173155). Methodology.