Zerodha Arbitrage Fund
Zerodha Mutual Fund · Arbitrage · Direct plan, growth option
NAV (₹), 23 Oct 2026
10.1206
1-day change
0.14%
1Y return
n/a
3Y CAGR
n/a
5Y CAGR
n/a
Max drawdown, 5Y
n/a
NAV history month-end NAV, ₹ · 20 Aug 2026 to 23 Oct 2026
Returns vs Arbitrage median (39 schemes)
| Period | Scheme | Category median |
|---|---|---|
| 1 month | 0.6% | 0.6% |
| 3 months | n/a | 1.7% |
| 6 months | n/a | 3.3% |
| Year to date | n/a | 5.5% |
| 1 year | n/a | 6.8% |
| 3 years (CAGR) | n/a | 7.3% |
| 5 years (CAGR) | n/a | 6.8% |
| 7 years (CAGR) | n/a | 6.2% |
| 10 years (CAGR) | n/a | 6.4% |
| Since first NAV (CAGR) | 1.2% | – |
Rolling returns every business-day start date
| Measure | Scheme | Category median |
|---|---|---|
| 1Y rolling median | n/a | 6.8% |
| 3Y rolling median | n/a | 6.7% |
| 3Y rolling worst | n/a | 4.5% |
| 3Y periods positive | n/a | 100% |
| 3Y periods ahead of benchmark | n/a | n/a |
| 5Y rolling median | n/a | 6.2% |
| 5Y rolling worst | n/a | 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.) | n/a | 0.5% |
| Sharpe ratio | n/a | 1.48 |
| Sortino ratio | n/a | 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 | −0.3% | −0.6% |
| Maximum drawdown, last 10Y | n/a | −0.6% |
| Maximum drawdown, last 5Y | n/a | −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.
Recent disclosure changes last 120 days, as disclosed via AMFI
- 1 Oct 2026: TER reduced from 3.83% to 2.31% (AMFI TER disclosure)
Fund managers and scheme facts Scheme Summary Document via AMFI
| Fund manager | Role | Managing since |
|---|---|---|
| Kedarnath Mirajkar | Primary | 12 Aug 2026 |
Objective: The investment objective of the Scheme is to generate income and capital appreciation by investing in arbitrage opportunities in the cash and derivatives segments of the equity market, including opportunities within the derivatives segment, and by investing the remaining portion in debt and money market instruments. There is no assurance that the investment objective of the Scheme will be achieved.
Stated asset allocation: The asset allocation will be as follows: Equity & Equity related instruments including derivatives: 65% to 100% Debt and Money Market Instruments*, Cash & Cash Equivalents, Including units of Mutual funds: 0% to 35%
Benchmark (tier 1): Nifty 50 Arbitrage Index TRI - As per AMFI Tier I Benchmark
Minimum application: Lumpsum: ?5000 and in multiples of ‘any amount’ thereafter SIP: ?1000 and in multiples of ‘any amount’ thereafter.
Allotment date: 18 Aug 2026
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 | 2.31% | 1.45% |
| AUM, whole scheme (₹ crore) | 50 | 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 |
|---|
Official benchmark: Nifty 50 Arbitrage TRI (total return index, as published by AMFI). Category consistency: last 10 years of month-ends, Arbitrage Direct plans; how it is calculated.
Scheme facts
AMC: Zerodha Mutual Fund
Category: Arbitrage
Plan / option: Direct · Growth
AMFI scheme code: 154619
ISIN: INF0R8F01232
First NAV in MFIC data: 20 Aug 2026
History: 0.2 years
Portfolio holdings: see the scheme's monthly portfolio disclosure on the fund house website
Questions about Zerodha Arbitrage Fund
- What is the latest NAV of Zerodha Arbitrage Fund?
- The NAV of the Direct plan (growth option) was ₹10.1206 on 23 Oct 2026, as published by AMFI.
- Which category is Zerodha 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 was the largest fall in Zerodha Arbitrage Fund's NAV?
- The largest peak-to-trough fall in its available history was 0.3%.
- What is the expense ratio (TER) of Zerodha Arbitrage Fund?
- The total expense ratio of the Direct plan is 2.31% 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 Zerodha Arbitrage Fund?
- Assets under management of the whole scheme were ₹50 crore on 22 Oct 2026, as published by AMFI.
- What is the riskometer level of Zerodha 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.
- Who manages Zerodha Arbitrage Fund?
- According to its Scheme Summary Document, Zerodha Arbitrage Fund is managed by Kedarnath Mirajkar (since 12 Aug 2026).
- What is the minimum investment in Zerodha Arbitrage Fund?
- The minimum application amount is Lumpsum: ?5000 and in multiples of ‘any amount’ thereafter SIP: ?1000 and in multiples of ‘any amount’ thereafter.. SIP details: SIP: ?1000 and in multiples of ‘any amount’ thereafter..
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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.