August 21, 2026
mayank
Parag Parikh Arbitrage Fund
| Fund at a Glance | |
| NAV Growth (Rs.) | 12.10 |
| NAV IDCW (Rs.) | — |
| NAV Bonu (Rs.) | — |
| Min. Investment (Rs.) | 1,000 |
| Min. SIP Investment (Rs.) | 1,000 |
| Min. No of Cheques | 6 |
| Benchmark | NIFTY 50 Arbitrage TRI |
| AUM Rs. | 2,732 Cr |
| (As on 31-Jul-2026) | |
| Expense | 0.19% |
| 1 Year Return (%) | 6.46 |
| 3 Year Return (%) | — |
| 5 Year Return (%) | — |
| 10 Year Return (%) | — |
| Return Since Launch | 7.05% |
Suitable For Which Investors?
Arbitrage funds are suitable for:
1. Parking emergency corpus or idle money for investors in the highest tax bracket
2. Earning slightly higher returns than savings bank account, with low-to-moderate volatility
3. Investment horizon of 3 months to 1 year
Note:
• There is no guarantee of returns
• Not suitable for long-term wealth creation
Fund’s Investment Strategy:
The scheme seeks to generate capital appreciation and income by predominantly investing in arbitrage opportunities in the cash and derivatives segment of the equity market, and by investing the balance in debt and money market instruments.
Fund Manager:
1) Rajeev Thakkar
Education: Mr.Thakkar is a Chartered Accountant, Cost Accountant, CFA, and CFP.
Experience: He has been associated with PPFAS AMC since 2013.
2) Raj Mehta
Education: Mr. Mehta is a Commerce Graduate from University of Mumbai (N.M. College) ; Fellow Member of Institute of Chartered Accountants of India (ICAI) ; CFA Charter Holder.
Experience: Beginning his career as an intern with PPFAS Mutual Fund in 2012, he swiftly moved up the ranks, and is currently part of the Fund Management team.
3) Raunak Onkar
Education: Mr.Onkar is an MMS (Finance) from the University of Mumbai.
Experience: He joined PPFAS as a research analyst. He was appointed as Head- research in the year 2011. He is working with the company as an Associate Fund Manager.
4) Rukun Tarachandani
Education: Mr. Tarachandani has done B Tech (Information Technology), PGPM (Finance), CFA and CQF.
Experience: Prior to joining PPFAS Mutual Fund, he has worked with Kotak Mutual Fund, Goldman Sachs, Unnati Investment Management & Research Group.
5) Aishwarya Dhar
Education: MBA – Finance
Experience: Prior to joining the PPFAS MF, she was associated with TATA AIA Life Insurance Co. Ltd, ManipalCigna Health Insurance Co. Ltd,
6) Tejas Soman
Education: Mr. Soman has done B.Com from University of Mumbai and Post Graduate Program in Securities Markets – From ‘NISM’
Experience: Prior to joining PPFAS Mutual Fund, he was associated with SBI MF, Yes Bank Limited, STCI Primary Dealership and PricewaterhouseCoopers
Investment Details
| Min. Investment (Rs) | 1,000 |
| Min. Addl Investment (Rs) | 1,000 |
| Min. SIP Investment (Rs) | 1,000 |
| Min. Withdrawal (Rs) | 1,000 |
| Min. No of Cheques | 6 |
| Min. Balance (Rs) | — |
| Lock-in Period | NA |
| Exit Load | 0.25% for redemption within 30 days |
Basic Details of Parag Parikh Arbitrage Fund
| Fund House | PPFAS Mutual Fund |
| Launch Date | 02-Nov-23 |
| Return Since Launch | 7.05% |
| Benchmark | NIFTY 50 Arbitrage TRI |
| Riskometer | Low |
| Type | Open-ended |
| Assets | 2,732 Cr |
| (As on 31-Jul-2026) | |
| Expense | 0.19% |
| (As on 31-Jul-2026) | |
| Risk Grade | Above Average |
| Return Grade | Low |
| Turnover | — |
Parag Parikh Arbitrage Fund Trailing Returns (%)
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| Parag Parikh Arbitrage Dir | 4.12 | 0.10 | 0.56 | 1.63 | 3.11 | 6.46 | — | — | — | — |
| Hybrid: Arbitrage | 4.20 | 0.13 | 0.58 | 1.68 | 3.16 | 6.64 | — | — | — | — |
| Rank within category | 27 | 32 | 29 | 27 | 26 | 26 | — | — | — | — |
| Number of funds in category | 36 | 39 | 39 | 39 | 36 | 32 | 25 | 24 | 21 | 15 |
Peer Comparison of Parag Parikh Arbitrage Fund
| Rating | 1 Year Returns | 3 Year Returns | 5 Year Returns | Expense Ratio (%) | Net Assets (Rs Cr) | Return Since Launch (%) | Exit Load (Days) | Fund Age | Turnover (%) | |
| Parag Parikh Arbitrage Dir | 2 out of 5 stars | 6.46 | — | — | 0.19 | 2,732 | 7.05 | 0.25 (30) | 2Y 9M | — |
| Kotak Arbitrage Dir | 4 out of 5 stars | 6.80 | 7.58 | 6.89 | 0.33 | 74,399 | 7.08 | 0.25 (30) | 13Y 7M | 497.37 |
| Invesco India Arbitrage Dir | 5 out of 5 stars | 6.86 | 7.55 | 6.99 | 0.34 | 29,629 | 6.95 | 0.50 (15) | 13Y 7M | 1664.00 |
| ABSL Arbitrage Dir | 4 out of 5 stars | 6.79 | 7.52 | 6.75 | 0.27 | 26,939 | 6.98 | — | 13Y 7M | 1044.00 |
| Tata Arbitrage Dir | 5 out of 5 stars | 6.82 | 7.58 | 6.80 | 0.26 | 24,725 | 6.56 | 0.25 (15) | 7Y 8M | 284.41 |
Parag Parikh Arbitrage Fund Portfolio Analysis
| No. of Stocks | 72 |
| Top 10 Holdings | 50.70% |
| Top 5 Stocks | 32.43% |
| Top 3 Sectors | –% |
| Portfolio P/B Ratio | 2.15 |
| Portfolio P/E Ratio | 16.84 |
Portfolio Breakup
| Fund | Category | |
| Average Mkt Cap (Rs Cr) | 3,31,665 | 2,48,586 |
| Large (%) | 85.93 | 76.93 |
| Mid (%) | 11.06 | 18.15 |
| Small (%) | 3.02 | 5.34 |
| Fund | Category | |
| Number of Securities | 159 | 237 |
| Macaulay Duration (yrs) | 0.31 | 0.33 |
| Average Maturity (yrs) | 0.31 | 0.33 |
| Yield to Maturity (%) | 6.57 | 6.12 |
| Avg Credit Rating | GOI/Cash | — |
Note: Mutual fund investments are subject to market risks, read all scheme-related documents carefully.
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