HSBC Arbitrage Fund Direct-Growth
Hybrid: Arbitrage - Growth (Open ended)
SEBI Riskometer: LowCategory: Hybrid: ArbitrageBenchmark: NIFTY 50 Arbitrage Total Return Index Check Portfolio Overlap →
NAV: ₹22.09+0.18%
23 Oct 2026
Holdings Analysis
Equity, debt and cash allocation snapshot with market cap distribution for HSBC Arbitrage Fund Direct-Growth.
Market Cap Distribution
Large Cap (63.6%)
Mid Cap (23.4%)
Small Cap (13.0%)
Historical Asset Allocation
| Asset | 30 Sep 2026 | 31 Aug 2026 | 31 Jul 2026 | 30 Jun 2026 | 31 May 2026 | 30 Apr 2026 |
|---|---|---|---|---|---|---|
| Equity | -0.23% | -0.43% | -0.24% | -0.39% | -0.69% | -0.35% |
| Debt | 30.73% | 27.95% | 30.33% | 30.79% | 26.62% | 26.92% |
| Others (incl. cash) | 69.50% | 72.48% | 69.91% | 69.60% | 74.07% | 73.43% |
| 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
158
P/E Ratio
17.15
P/B Ratio
2.18
Top Holding %
71.42%
Top 5 Holdings %
100.71%
Top 10 Holdings %
113.89%
Modified Duration
0.41 yrs
Avg. Maturity
0.42 yrs
Yield to Maturity
7.03%
AUM
₹3,633 Cr
Expense Ratio
1.45%
Since Inception
6.64%
Max Drawdown
-0.01%
Sharpe Ratio
2.55
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 |
|---|---|---|---|---|---|
| ICICI Bank Ltd. | Financial | 14,63,700 | 193.46 | 5.32% | 1.42%↑ |
| Reliance Industries Ltd. | Energy | 14,81,000 | 175.79 | 4.84% | 3.52%↑ |
| HDFC Bank Ltd. | Financial | 24,52,450 | 173.81 | 4.78% | -0.17%↓ |
| Steel Authority Of India Ltd. | Metals & Mining | 64,76,600 | 117.54 | 3.24% | -0.68%↓ |
| Canara Bank | Financial | 92,40,750 | 110.37 | 3.04% | -0.48%↓ |
| Adani Power Ltd. | Energy | 45,33,350 | 92.48 | 2.55% | -0.11%↓ |
| Bandhan Bank Ltd. | Financial | 48,09,600 | 85.72 | 2.36% | -0.42%↓ |
| Crompton Greaves Consumer Electricals Ltd. | Consumer Discretionary | 34,80,850 | 72.63 | 2.00% | 0.35%↑ |
| Yes Bank Ltd. | Financial | 3,16,59,800 | 66.33 | 1.83% | -0.29%↓ |
| Varun Beverages Ltd. | Consumer Staples | 14,62,425 | 63.18 | 1.74% | 0.10%↑ |
| IDFC First Bank Ltd. | Financial | 65,48,150 | 53.33 | 1.47% | 0.12%↑ |
| Punjab National Bank | Financial | 46,64,000 | 52.73 | 1.45% | -0.36%↓ |
| Godrej Properties Ltd. | Construction | 2,84,700 | 46.36 | 1.28% | -0.39%↓ |
| Axis Bank Ltd. | Financial | 3,74,375 | 45.9 | 1.26% | -0.37%↓ |
| HDFC Life Insurance Co Ltd. | Insurance | 8,75,600 | 45.64 | 1.26% | -0.41%↓ |
| Adani Energy Solutions Ltd. | Energy | 3,41,550 | 44.9 | 1.24% | -0.16%↓ |
| NMDC Ltd. | Metals & Mining | 55,68,750 | 42.62 | 1.17% | -0.32%↓ |
| JSW Steel Ltd. | Metals & Mining | 3,21,300 | 40.27 | 1.11% | -0.18%↓ |
| Manappuram Finance Ltd. | Financial | 12,06,000 | 38.09 | 1.05% | -0.05%↓ |
| Indian Energy Exchange Ltd. | Services | 35,27,850 | 37.75 | 1.04% | -0.33%↓ |
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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 | 30 Sep 2026 | 31 Aug 2026 | 30 Jun 2026 | 31 Mar 2026 | 30 Nov 2025 | 31 Aug 2025 |
|---|---|---|---|---|---|---|
| Services | 0.06% | - | - | 0.01% | - | - |
| Metals & Mining | 0.04% | - | - | - | - | - |
| Capital Goods | - | 0.01% | - | - | - | - |
| Construction | - | 0.00% | - | - | - | - |
| Consumer Discretionary | - | - | 0.00% | - | - | 0.00% |
| Chemicals | - | - | 0.00% | - | - | - |
| Automobile | - | - | - | 0.02% | 0.00% | 0.03% |
| Financial | - | - | - | - | - | 0.06% |
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 | 69.28% | 43.60% |
| A1+ | 28.17% | 15.24% |
| SOV | 2.15% | 4.57% |
| AAA | 0.35% | 0.81% |
| Cash & Call Money | 0.22% | 32.77% |
| Others | 0.05% | 0.45% |
| A1 | - | 0.01% |
| AA | - | 0.16% |
| AA+ | - | 0.24% |
| AA- | - | 0.09% |
| 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 |
|---|---|---|---|---|---|
| HDFC Bank Ltd. | Certificate of Deposit | 0.00% | 05/03/2027 | CRISIL A1+ | 2.01% |
| National Bank For Agriculture & Rural Development | Certificate of Deposit | 0.00% | 18/03/2027 | CRISIL A1+ | 2.00% |
| Axis Bank Ltd. | Certificate of Deposit | 0.00% | 14/01/2027 | CRISIL A1+ | 1.35% |
| Bank Of Baroda | Certificate of Deposit | 0.00% | 11/03/2027 | IND A1+ | 1.34% |
| Bank Of Baroda | Certificate of Deposit | 0.00% | 05/02/2027 | IND A1+ | 1.34% |
| Union Bank of India | Certificate of Deposit | 0.00% | 02/03/2027 | ICRA A1+ | 1.34% |
| Axis Bank Ltd. | Certificate of Deposit | 0.00% | 13/01/2027 | CRISIL A1+ | 0.68% |
| Small Industries Devp. Bank of India Ltd. | Certificate of Deposit | 0.00% | 05/02/2027 | CRISIL A1+ | 0.67% |
| Punjab National Bank | Certificate of Deposit | 0.00% | 09/02/2027 | CRISIL A1+ | 0.67% |
| Indian Bank | Certificate of Deposit | 0.00% | 24/05/2027 | CRISIL A1+ | 0.66% |
| Small Industries Devp. Bank of India Ltd. | Certificate of Deposit | 0.00% | 11/06/2027 | CARE A1+ | 0.65% |
Frequently Asked Questions
What are the top holdings of HSBC Arbitrage Fund Direct-Growth?
The top holdings of HSBC Arbitrage Fund Direct-Growth as of 30 Sep 2026 are Others (71.42%), HSBC Money Market Fund Direct-Growth (14.34%), ICICI Bank Ltd. (5.32%), Reliance Industries Ltd. (4.84%), HDFC Bank Ltd. (4.78%). These top 5 stocks together account for 100.71% of the total portfolio. You can view the complete holdings breakdown above.
How many stocks does HSBC Arbitrage Fund Direct-Growth hold in its portfolio?
HSBC Arbitrage Fund Direct-Growth holds 158 stocks in its portfolio as of 30 Sep 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 HSBC Arbitrage Fund Direct-Growth?
As of 30 Sep 2026, HSBC Arbitrage Fund Direct-Growth's top sector allocations are Services (0.06%), Metals & Mining (0.04%). You can find detailed sector allocation above.
What is the equity and debt allocation of HSBC Arbitrage Fund Direct-Growth?
As of 30 Sep 2026, HSBC Arbitrage Fund Direct-Growth has -0.23% allocated to equity, and 30.73% to debt. You can also check the historical trends above.
What is the market cap allocation of HSBC Arbitrage Fund Direct-Growth?
As of 30 Sep 2026, HSBC Arbitrage Fund Direct-Growth's market cap allocation is 63.60% in large caps, 23.40% in mid caps, and 13.01% in small caps.
What is the PE ratio of HSBC Arbitrage Fund Direct-Growth's portfolio?
The portfolio PE ratio of HSBC Arbitrage Fund Direct-Growth is 17.15 as of 30 Sep 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 HSBC Arbitrage Fund Direct-Growth?
As of 30 Sep 2026, HSBC Arbitrage Fund Direct-Growth's debt portfolio has 0.35% in AAA-rated instruments, - in AA-rated, and 2.15% 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 HSBC Arbitrage Fund Direct-Growth?
The latest portfolio disclosure for HSBC Arbitrage Fund Direct-Growth is as of 30 Sep 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.