mutual funds hdfc arbitrage fund directgrowth

holdings

HDFC Arbitrage Fund Direct-Growth

Hybrid: Arbitrage - Growth (Open ended)

HDFC Arbitrage Fund Direct-GrowthNAV: 21.74 as on 06 Sep, 2026

Risk levelCategoryBenchmark

Factsheet

SEBI Riskometer: LowCategory: Hybrid: ArbitrageBenchmark: NIFTY 50 Arbitrage Total Return Index Check Portfolio Overlap →

NAV: ₹21.74+0.26%

07 Sept 2026

Holdings Analysis

Equity, debt and cash allocation snapshot with market cap distribution for HDFC Arbitrage Fund Direct-Growth.

Asset Allocation

As on 31 Jul 2026

Others

69.93%

Debt

30.32%

Market Cap Distribution

Large Cap (82.6%)

Mid Cap (15.2%)

Small Cap (2.1%)

Historical Asset Allocation

Asset	31 Jul 2026	30 Jun 2026	31 May 2026	30 Apr 2026	31 Mar 2026	28 Feb 2026
Equity	-0.26%	-0.36%	-0.59%	-0.34%	-0.24%	-0.32%
Debt	30.32%	29.55%	29.40%	31.71%	33.82%	31.16%
Others (incl. cash)	69.93%	70.81%	71.18%	68.63%	66.42%	69.16%
Commodities	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Real Estate	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Portfolio Snapshot

No. of Securities

195

P/E Ratio

17.56

P/B Ratio

2.58

Top Holding %

70.01%

Top 5 Holdings %

90.83%

Top 10 Holdings %

103.95%

Modified Duration

0.43 yrs

Avg. Maturity

0.46 yrs

Yield to Maturity

6.79%

AUM

₹25,001 Cr

Expense Ratio

1.53%

Since Inception

6.45%

Max Drawdown

-0.01%

Sharpe Ratio

2.78

Top Portfolio Holdings by Weight

Latest portfolio holdings sorted by allocation weight. Includes instrument name, sector, number of shares, market value (₹ Cr) and percentage of net assets. Switch dates or categories using the controls below.

Instrument	Sector	No. of Shares	Value (Rs. Cr)	Weight	Change
HDFC Bank Ltd.	Financial	1,44,50,150	1,081.09	4.32%	-0.75%↓
ICICI Bank Ltd.	Financial	72,02,300	1,033.82	4.14%	0.26%↑
Reliance Industries Ltd.	Energy	75,88,000	992.36	3.97%	-0.30%↓
JSW Steel Ltd.	Metals & Mining	47,14,200	598.7	2.39%	0.02%↑
Bharti Airtel Ltd.	Communication	28,09,150	553.96	2.22%	0.32%↑
Axis Bank Ltd.	Financial	42,07,500	517.31	2.07%	1.12%↑
State Bank of India	Financial	45,14,250	463.79	1.86%	0.86%↑
Canara Bank	Financial	3,54,84,750	443.49	1.77%	0.21%↑
Grasim Industries Ltd.	Materials	13,66,750	423.8	1.70%	-0.39%↓
Bajaj Finance Ltd.	Financial	34,92,750	398.59	1.59%	0.84%↑
NTPC Ltd.	Energy	1,09,51,500	380.29	1.52%	-0.31%↓
Kotak Mahindra Bank Ltd.	Financial	87,92,000	343.15	1.37%	0.36%↑
Bharat Electronics Ltd.	Capital Goods	87,43,800	339.13	1.36%	-0.24%↓
Tata Steel Ltd.	Metals & Mining	1,77,07,250	335.89	1.34%	-0.13%↓
Hindustan Unilever Ltd.	Consumer Staples	15,96,600	335.49	1.34%	0.47%↑
Punjab National Bank	Financial	2,78,32,000	313.69	1.25%	0.37%↑
ITC Ltd.	Consumer Staples	1,08,70,950	305.47	1.22%	0.25%↑
Hindalco Industries Ltd.	Metals & Mining	27,90,200	271.89	1.09%	0.54%↑
TVS Motor Company Ltd.	Automobile	5,63,150	242.89	0.97%	0.12%↑
Yes Bank Ltd.	Financial	8,34,10,200	189.93	0.76%	-0.08%↓

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Sector-wise Portfolio Allocation

Equity exposure by sector as a percentage of total net assets, tracked across recent portfolio dates. Identifies concentration risk and sector rotation trends in the fund's holdings.

Sector	31 Mar 2026	28 Feb 2026	31 Jan 2026	30 Jun 2025	31 May 2025	30 Nov 2024
Others	0.03%	0.02%	0.02%	-	-	-
Textiles	0.00%	-	-	-	-	-
Services	-	-	-	0.01%	-	-
Communication	-	-	-	0.00%	-	-
Construction	-	-	-	-	0.00%	-
Insurance	-	-	-	-	-	0.04%
Materials	-	-	-	-	-	0.02%

Debt Holdings — Credit Quality Profile

Allocation of debt instruments by credit rating (AAA, AA, A, and below investment grade) as a percentage of net assets, compared against the category average. Higher AAA allocation indicates lower credit risk.

Rating	Fund	Category
Cash	69.04%	43.75%
A1+	25.02%	14.80%
AAA	2.40%	1.06%
SOV	2.17%	4.84%
Cash & Call Money	0.90%	31.65%
AA	0.41%	0.20%
AA+	0.21%	0.23%
AA-	0.06%	0.09%
Others	0.05%	0.44%
A1	-	0.01%
Term Deposits	-	0.44%

Debt Insights

A detailed look at the debt holdings of this scheme — Is the scheme yielding enough? Includes credit quality, instrument breakdown and SEBI risk classification.

SEBI PRC matrix

Credit risk

	Interest risk
	Low	Moderate	High
Low
Moderate
High

Instruments

Full name	Description	Coupon rate	Maturity	Rating raw	Weight
Indian Overseas Bank	Certificate of Deposit	0.00%	26/02/2027	CARE - A1+	1.15%
Indian Bank	Certificate of Deposit	0.00%	10/12/2026	CRISIL - A1+	0.98%
Bank Of Baroda	Certificate of Deposit	0.00%	23/12/2026	CARE - A1+	0.97%
Small Industries Devp. Bank of India Ltd.	Certificate of Deposit	0.00%	29/01/2027	CARE - A1+	0.97%
Union Bank of India	Certificate of Deposit	0.00%	19/01/2027	ICRA - A1+	0.97%
Export-Import Bank Of India	Certificate of Deposit	0.00%	29/01/2027	CRISIL - A1+	0.97%
Union Bank of India	Certificate of Deposit	0.00%	22/02/2027	ICRA - A1+	0.96%
Punjab National Bank	Certificate of Deposit	0.00%	26/02/2027	CARE - A1+	0.77%
Kotak Mahindra Bank Ltd.	Certificate of Deposit	0.00%	08/01/2027	CRISIL - A1+	0.58%
Indian Overseas Bank	Certificate of Deposit	0.00%	18/02/2027	CARE - A1+	0.39%
National Bank For Agriculture & Rural Development	Certificate of Deposit	0.00%	28/01/2027	IND - A1+	0.39%
ICICI Bank Ltd.	Certificate of Deposit	0.00%	27/01/2027	ICRA - A1+	0.39%
Indian Bank	Certificate of Deposit	0.00%	04/12/2026	CRISIL - A1+	0.39%
ICICI Bank Ltd.	Certificate of Deposit	0.00%	12/02/2027	ICRA - A1+	0.39%
Kotak Mahindra Bank Ltd.	Certificate of Deposit	0.00%	12/02/2027	CRISIL - A1+	0.39%
Punjab National Bank	Certificate of Deposit	0.00%	10/02/2027	CARE - A1+	0.39%
Punjab National Bank	Certificate of Deposit	0.00%	04/02/2027	CRISIL - A1+	0.39%
Canara Bank	Certificate of Deposit	0.00%	12/02/2027	CRISIL - A1+	0.39%
Union Bank of India	Certificate of Deposit	0.00%	24/03/2027	IND - A1+	0.38%
Bank Of Baroda	Certificate of Deposit	0.00%	04/12/2026	IND - A1+	0.29%
Bank Of Baroda	Certificate of Deposit	0.00%	25/11/2026	IND - A1+	0.20%
Canara Bank	Certificate of Deposit	0.00%	29/01/2027	CRISIL - A1+	0.19%
Canara Bank	Certificate of Deposit	0.00%	02/03/2027	CRISIL - A1+	0.19%
Punjab National Bank	Certificate of Deposit	0.00%	05/02/2027	CRISIL - A1+	0.19%
Union Bank of India	Certificate of Deposit	0.00%	0	IND - A1+	0.10%

Frequently Asked Questions

What are the top holdings of HDFC Arbitrage Fund Direct-Growth?

The top holdings of HDFC Arbitrage Fund Direct-Growth as of 31 Jul 2026 are Others (70.01%), HDFC Money Market Fund Direct-Growth (8.39%), HDFC Bank Ltd. (4.32%), ICICI Bank Ltd. (4.14%), Reliance Industries Ltd. (3.97%). These top 5 stocks together account for 90.83% of the total portfolio. You can view the complete holdings breakdown above.

How many stocks does HDFC Arbitrage Fund Direct-Growth hold in its portfolio?

HDFC Arbitrage Fund Direct-Growth holds 195 stocks in its portfolio as of 31 Jul 2026. The fund's portfolio size reflects the fund manager's investment approach, a more concentrated portfolio indicates higher conviction bets, while a larger number of holdings suggests a more diversified strategy.

What is the sector allocation of HDFC Arbitrage Fund Direct-Growth?

As of 31 Mar 2026, HDFC Arbitrage Fund Direct-Growth's top sector allocations are Others (0.03%), Textiles (0.00%). You can find detailed sector allocation above.

What is the equity and debt allocation of HDFC Arbitrage Fund Direct-Growth?

As of 31 Jul 2026, HDFC Arbitrage Fund Direct-Growth has -0.26% allocated to equity, and 30.32% to debt. You can also check the historical trends above.

What is the market cap allocation of HDFC Arbitrage Fund Direct-Growth?

As of 31 Jul 2026, HDFC Arbitrage Fund Direct-Growth's market cap allocation is 82.65% in large caps, 15.21% in mid caps, and 2.14% in small caps.

What is the PE ratio of HDFC Arbitrage Fund Direct-Growth's portfolio?

The portfolio PE ratio of HDFC Arbitrage Fund Direct-Growth is 17.56 as of 31 Jul 2026. The portfolio PE ratio tells you how expensive or cheap the fund's holdings are relative to their earnings.

What is the credit quality of HDFC Arbitrage Fund Direct-Growth?

As of 31 Jul 2026, HDFC Arbitrage Fund Direct-Growth's debt portfolio has 2.40% in AAA-rated instruments, 0.41% in AA-rated, and 2.17% in sovereign securities. Higher allocation to AAA and sovereign instruments indicates lower credit risk in the non-equity portion of the portfolio.

When is the latest portfolio disclosure for HDFC Arbitrage Fund Direct-Growth?

The latest portfolio disclosure for HDFC Arbitrage Fund Direct-Growth is as of 31 Jul 2026. SEBI requires all mutual funds to disclose their complete portfolio holdings on a monthly basis, typically within 10 days of the end of each month.

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Asset

31 Jul 2026

30 Jun 2026

31 May 2026

30 Apr 2026

31 Mar 2026

28 Feb 2026

Equity

-0.26%

-0.36%

-0.59%

-0.34%

-0.24%

-0.32%

Debt

30.32%

29.55%

29.40%

31.71%

33.82%

31.16%

Others (incl. cash)

69.93%

70.81%

71.18%

68.63%

66.42%

69.16%

Commodities

0.00%

Real Estate

0.00%

Instrument

Sector

No. of Shares

Value (Rs. Cr)

Weight

Change

HDFC Bank Ltd.

Financial

1,44,50,150

1,081.09

4.32%

-0.75%↓

ICICI Bank Ltd.

Financial

72,02,300

1,033.82

4.14%

0.26%↑

Reliance Industries Ltd.

Energy

75,88,000

992.36

3.97%

-0.30%↓

JSW Steel Ltd.

Metals & Mining

47,14,200

598.7

2.39%

0.02%↑

Bharti Airtel Ltd.

Communication

28,09,150

553.96

2.22%

0.32%↑

Axis Bank Ltd.

Financial

42,07,500

517.31

2.07%

1.12%↑

State Bank of India

Financial

45,14,250

463.79

1.86%

0.86%↑

Canara Bank

Financial

3,54,84,750

443.49

1.77%

0.21%↑

Grasim Industries Ltd.

Materials

13,66,750

423.8

1.70%

-0.39%↓

Bajaj Finance Ltd.

Financial

34,92,750

398.59

1.59%

0.84%↑

NTPC Ltd.

Energy

1,09,51,500

380.29

1.52%

-0.31%↓

Kotak Mahindra Bank Ltd.

Financial

87,92,000

343.15

1.37%

0.36%↑

Bharat Electronics Ltd.

Capital Goods

87,43,800

339.13

1.36%

-0.24%↓

Tata Steel Ltd.

Metals & Mining

1,77,07,250

335.89

1.34%

-0.13%↓

Hindustan Unilever Ltd.

Consumer Staples

15,96,600

335.49

1.34%

0.47%↑

Punjab National Bank

Financial

2,78,32,000

313.69

1.25%

0.37%↑

ITC Ltd.

Consumer Staples

1,08,70,950

305.47

1.22%

0.25%↑

Hindalco Industries Ltd.

Metals & Mining

27,90,200

271.89

1.09%

0.54%↑

TVS Motor Company Ltd.

Automobile

5,63,150

242.89

0.97%

0.12%↑

Yes Bank Ltd.

Financial

8,34,10,200

189.93

0.76%

-0.08%↓

Sector

31 Mar 2026

28 Feb 2026

31 Jan 2026

30 Jun 2025

31 May 2025

30 Nov 2024

Others

0.03%

0.02%

Textiles

0.00%

Services

0.01%

Communication

0.00%

Construction

0.00%

Insurance

0.04%

Materials

0.02%

Rating

Fund