mutual funds nippon india arbitrage fund directgrowth

holdings

Nippon India Arbitrage Fund Direct-Growth

Hybrid: Arbitrage - Growth (Open ended)

Nippon India Arbitrage Fund Direct-GrowthNAV: 30.63 as on 09 Jul, 2026

Risk levelCategoryBenchmark

Factsheet

SEBI Riskometer: LowCategory: Hybrid: ArbitrageBenchmark: NIFTY 50 Arbitrage Total Return Index

NAV: ₹30.63+0.02%

10 Jul 2026

Holdings Analysis

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

Asset Allocation

As on 31 May 2026

Others

73.11%

Debt

27.51%

Market Cap Distribution

Large Cap (73.6%)

Mid Cap (22.4%)

Small Cap (4.0%)

Historical Asset Allocation

Asset	31 May 2026	30 Apr 2026	31 Mar 2026	28 Feb 2026	31 Jan 2026	31 Dec 2025
Equity	-0.62%	-0.34%	-0.30%	-0.31%	-0.26%	-0.41%
Debt	27.51%	26.64%	32.51%	28.88%	21.67%	22.49%
Others (incl. cash)	73.11%	73.70%	67.79%	71.43%	78.58%	77.91%
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

169

P/E Ratio

23.37

P/B Ratio

2.79

Top Holding %

72.47%

Top 5 Holdings %

105.21%

Top 10 Holdings %

117.51%

Modified Duration

0.18 yrs

Avg. Maturity

0.19 yrs

Yield to Maturity

13.09%

AUM

₹16,294 Cr

Expense Ratio

1.37%

Since Inception

7.07%

Max Drawdown

-0.01%

Sharpe Ratio

2.73

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	1,27,86,150	951.99	5.84%	0.47%↑
Reliance Industries Ltd.	Energy	56,66,000	748.59	4.59%	2.04%↑
ICICI Bank Ltd.	Financial	45,71,700	574.39	3.53%	0.79%↑
Axis Bank Ltd.	Financial	30,31,875	390.08	2.39%	0.24%↑
JSW Steel Ltd.	Metals & Mining	28,26,900	361.28	2.22%	0.11%↑
Eternal Ltd.	Services	1,41,86,250	355.48	2.18%	0.09%↑
State Bank of India	Financial	33,49,500	323.03	1.98%	-0.04%↓
Bharti Airtel Ltd.	Communication	15,39,950	281.66	1.73%	-1.30%↓
Grasim Industries Ltd.	Materials	8,92,500	278.67	1.71%	0.19%↑
Adani Enterprises Ltd.	Services	8,86,830	260.5	1.60%	0.31%↑
Steel Authority Of India Ltd.	Metals & Mining	1,22,81,100	250.99	1.54%	0.16%↑
Vodafone Idea Ltd.	Communication	17,27,55,075	241.68	1.48%	0.37%↑
Maruti Suzuki India Ltd.	Automobile	1,71,850	225.59	1.38%	-0.33%↓
Kotak Mahindra Bank Ltd.	Financial	55,84,000	214.54	1.32%	-0.53%↓
Shriram Finance Ltd	Financial	22,06,875	209.02	1.28%	0.19%↑
JIO Financial Services Ltd.	Financial	86,43,300	206.53	1.27%	-0.22%↓
Bharat Heavy Electricals Ltd.	Capital Goods	49,21,875	205.12	1.26%	0.18%↑
Mahindra & Mahindra Ltd.	Automobile	6,38,000	194.31	1.19%	-0.50%↓
Larsen & Toubro Ltd.	Construction	4,65,675	189.83	1.17%	0.60%↑
AU Small Finance Bank Ltd.	Financial	16,78,000	165.23	1.01%	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	31 May 2026	31 Mar 2026	30 Jun 2025	31 Jan 2025	31 Aug 2024	31 May 2024
Textiles	0.00%	0.00%	-	-	0.48%	-
Consumer Discretionary	-	-	0.00%	-	-	-
Consumer Staples	-	-	-	0.01%	-	0.01%

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	70.76%	46.84%
A1+	18.25%	16.89%
SOV	2.72%	5.58%
Cash & Call Money	2.34%	29.10%
AAA	2.26%	1.58%
AA+	2.03%	0.28%
AA	1.75%	0.19%
AA-	0.42%	0.01%
Others	0.07%	0.05%

Frequently Asked Questions

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

The top holdings of Nippon India Arbitrage Fund Direct-Growth sorted by portfolio weight are listed in the Top Portfolio Holdings section of the Holdings tab.

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

Nippon India Arbitrage Fund Direct-Growth holds 169 securities in its portfolio. The top 5 holdings account for 105.21% of the portfolio and the top 10 for 117.51% — a well-diversified portfolio that minimises stock-specific risk.

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

The sector allocation of Nippon India Arbitrage Fund Direct-Growth is in the Sector Allocation section, showing each industry's weight in the portfolio.

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

As of 31 May 2026, Nippon India Arbitrage Fund Direct-Growth has -0.62% in equity, 27.51% in debt and 73.11% in cash/others. This asset mix determines the fund's overall risk-return profile. The debt portfolio has a yield to maturity (YTM) of 13.09%.

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

Nippon India Arbitrage Fund Direct-Growth's equity portfolio — Large Cap: 73.59%, Mid Cap: 22.39%, Small Cap: 4.03%. Market cap allocation determines the fund's risk profile — large cap offers stability while mid and small cap offer higher growth potential with higher volatility.

Is Nippon India Arbitrage Fund Direct-Growth a concentrated or diversified fund?

Nippon India Arbitrage Fund Direct-Growth holds 169 securities, with the top 10 accounting for 117.51% of the portfolio and the top 5 for 105.21%. With 169 holdings, this is a well-diversified fund — stock-specific risk is limited.

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

The debt holdings of Nippon India Arbitrage Fund Direct-Growth are rated as follows — Cash: 70.76%, A1+: 18.25%, SOV: 2.72%, Cash & Call Money: 2.34%, and others. Higher allocation to AAA and sovereign instruments means lower credit risk. The full rating profile compared to the category average is in the Credit Rating section.

How often does Nippon India Arbitrage Fund Direct-Growth change its portfolio?

The portfolio currently holds 169 securities with the top 10 accounting for 117.51% as of 31 May 2026. Portfolio turnover reflects how actively the fund manager trades. A high turnover increases transaction costs while a low turnover reflects a buy-and-hold approach. Historical asset allocation snapshots across multiple dates are in the Holdings Analysis section.

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

The weighted average PE ratio of Nippon India Arbitrage Fund Direct-Growth's portfolio is 23.37 and the PB ratio is 2.79. The debt portfolio has a modified duration of 0.18 years and an average maturity of 0.19 years. These metrics reflect the overall valuation and interest rate sensitivity of the portfolio.

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

The latest portfolio disclosure for Nippon India Arbitrage Fund Direct-Growth is as of 31 May 2026. Mutual funds and ETFs in India are required to disclose their full portfolio monthly, within 10 business days of month-end. You can switch between historical disclosure dates using the date selector in the Top Portfolio Holdings section.

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Asset

31 May 2026

30 Apr 2026

31 Mar 2026

28 Feb 2026

31 Jan 2026

31 Dec 2025

Equity

-0.62%

-0.34%

-0.30%

-0.31%

-0.26%

-0.41%

Debt

27.51%

26.64%

32.51%

28.88%

21.67%

22.49%

Others (incl. cash)

73.11%

73.70%

67.79%

71.43%

78.58%

77.91%

Commodities

0.00%

Real Estate

0.00%

Instrument

Sector

No. of Shares

Value (Rs. Cr)

Weight

Change

HDFC Bank Ltd.

Financial

1,27,86,150

951.99

5.84%

0.47%↑

Reliance Industries Ltd.

Energy

56,66,000

748.59

4.59%

2.04%↑

ICICI Bank Ltd.

Financial

45,71,700

574.39

3.53%

0.79%↑

Axis Bank Ltd.

Financial

30,31,875

390.08

2.39%

0.24%↑

JSW Steel Ltd.

Metals & Mining

28,26,900

361.28

2.22%

0.11%↑

Eternal Ltd.

Services

1,41,86,250

355.48

2.18%

0.09%↑

State Bank of India

Financial

33,49,500

323.03

1.98%

-0.04%↓

Bharti Airtel Ltd.

Communication

15,39,950

281.66

1.73%

-1.30%↓

Grasim Industries Ltd.

Materials

8,92,500

278.67

1.71%

0.19%↑

Adani Enterprises Ltd.

Services

8,86,830

260.5

1.60%

0.31%↑

Steel Authority Of India Ltd.

Metals & Mining

1,22,81,100

250.99

1.54%

0.16%↑

Vodafone Idea Ltd.

Communication

17,27,55,075

241.68

1.48%

0.37%↑

Maruti Suzuki India Ltd.

Automobile

1,71,850

225.59

1.38%

-0.33%↓

Kotak Mahindra Bank Ltd.

Financial

55,84,000

214.54

1.32%

-0.53%↓

Shriram Finance Ltd

Financial

22,06,875

209.02

1.28%

0.19%↑

JIO Financial Services Ltd.

Financial

86,43,300

206.53

1.27%

-0.22%↓

Bharat Heavy Electricals Ltd.

Capital Goods

49,21,875

205.12

1.26%

0.18%↑

Mahindra & Mahindra Ltd.

Automobile

6,38,000

194.31

1.19%

-0.50%↓

Larsen & Toubro Ltd.

Construction

4,65,675

189.83

1.17%

0.60%↑

AU Small Finance Bank Ltd.

Financial

16,78,000

165.23

1.01%

0.33%↑

Sector

31 May 2026

31 Mar 2026

30 Jun 2025

31 Jan 2025

31 Aug 2024

31 May 2024

Textiles

0.00%

0.48%

Consumer Discretionary

0.00%

Consumer Staples

0.01%

Rating

Fund