holdings

Tata Arbitrage Fund Direct-Growth

Hybrid: Arbitrage - Growth (Open ended)

Tata Arbitrage Fund Direct-GrowthNAV: 16.16 as on 07 Jul, 2026

Risk levelCategoryBenchmark

Factsheet

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

NAV: ₹16.16-0.00%

08 Jul 2026

Holdings Analysis

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

Asset Allocation

As on 31 May 2026

Others

66.74%

Debt

33.78%

Market Cap Distribution

Large Cap (68.9%)

Mid Cap (26.5%)

Small Cap (4.6%)

Historical Asset Allocation

Asset	31 May 2026	30 Apr 2026	31 Mar 2026	28 Feb 2026	31 Jan 2026	31 Dec 2025
Equity	-0.52%	-0.26%	-0.30%	-0.32%	-0.21%	-0.69%
Debt	33.78%	33.03%	27.59%	28.00%	22.89%	20.20%
Others (incl. cash)	66.74%	67.23%	72.71%	72.32%	77.32%	80.49%
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

193

P/E Ratio

22.32

P/B Ratio

2.80

Top Holding %

66.64%

Top 5 Holdings %

93.90%

Top 10 Holdings %

102.41%

Modified Duration

0.54 yrs

Avg. Maturity

0.55 yrs

Yield to Maturity

6.87%

AUM

₹22,760 Cr

Expense Ratio

1.71%

Since Inception

6.56%

Max Drawdown

-0.01%

Sharpe Ratio

3.08

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	2,64,65,600	1,970.5	8.66%	1.72%↑
ICICI Bank Ltd.	Financial	69,34,900	871.3	3.83%	0.96%↑
State Bank of India	Financial	41,76,750	402.81	1.77%	-1.38%↓
Bharti Airtel Ltd.	Communication	21,93,075	401.11	1.76%	-0.12%↓
JSW Steel Ltd.	Metals & Mining	31,15,800	398.2	1.75%	-0.23%↓
Vodafone Idea Ltd.	Communication	26,94,60,750	376.98	1.66%	0.40%↑
HDFC Life Insurance Co Ltd.	Insurance	56,33,100	335.06	1.47%	0.50%↑
Steel Authority Of India Ltd.	Metals & Mining	1,61,35,100	329.75	1.45%	0.21%↑
Adani Green Energy Ltd.	Capital Goods	20,31,000	299.65	1.32%	0.37%↑
JIO Financial Services Ltd.	Financial	1,25,16,100	299.07	1.31%	-0.50%↓
Kotak Mahindra Bank Ltd.	Financial	73,84,000	283.69	1.25%	-1.07%↓
Bharat Electronics Ltd.	Capital Goods	65,46,450	268.9	1.18%	-0.14%↓
Reliance Industries Ltd.	Energy	20,29,500	268.14	1.18%	0.20%↑
Bharat Heavy Electricals Ltd.	Capital Goods	63,55,125	264.85	1.16%	0.10%↑
Indus Towers Ltd.	Communication	58,53,100	258.74	1.14%	0.33%↑
Adani Energy Solutions Ltd.	Energy	16,76,700	253.74	1.11%	0.18%↑
ITC Ltd.	Consumer Staples	82,92,850	237.92	1.05%	-0.56%↓
Multi Commodity Exchange Of India Ltd.	Services	7,62,500	225.28	0.99%	-0.49%↓
Shriram Finance Ltd	Financial	23,17,425	219.49	0.96%	-0.32%↓
Eternal Ltd.	Services	83,51,700	209.28	0.92%	0.03%↑

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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	30 Sep 2025	31 Aug 2025	31 Jul 2025	31 May 2025	31 Jan 2025
Textiles	0.00%	-	-	-	-	-
Services	-	0.19%	-	-	-	-
Automobile	-	0.00%	0.01%	-	-	-
Financial	-	-	-	0.07%	-	-
Capital Goods	-	-	-	0.07%	-	-
Chemicals	-	-	-	0.05%	-	-
Consumer Discretionary	-	-	-	0.03%	-	-
Materials	-	-	-	0.00%	-	-
Construction	-	-	-	-	0.01%	-
Consumer Staples	-	-	-	-	-	0.00%

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	66.22%	50.44%
A1+	25.71%	16.01%
AAA	5.30%	1.42%
AA+	1.36%	0.29%
SOV	1.28%	4.53%
Cash & Call Money	0.52%	27.62%
AA	0.06%	0.18%
Others	0.04%	0.06%
AA-	0.02%	0.01%

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
Small Industries Devp. Bank of India Ltd.	Certificate of Deposit	0.00%	23/10/2026	CRISIL-A1+	2.13%
National Bank For Agriculture & Rural Development	Certificate of Deposit	0.00%	28/01/2027	CRISIL-A1+	1.57%
Canara Bank	Certificate of Deposit	0.00%	28/01/2027	CRISIL-A1+	1.15%
National Bank For Agriculture & Rural Development	Certificate of Deposit	0.00%	17/03/2027	CRISIL-A1+	1.14%
REC Ltd.	Debenture	7.70%	31/08/2026	CRISIL-AAA	0.88%
Power Finance Corporation Ltd.	Bonds	6.27%	15/07/2027	CRISIL-AAA	0.87%
Small Industries Devp. Bank of India Ltd.	Certificate of Deposit	0.00%	04/12/2026	CRISIL-A1+	0.84%
Small Industries Devp. Bank of India Ltd.	Commercial Paper	0.00%	25/03/2027	CRISIL-A1+	0.83%
REC Ltd.	Debenture	7.56%	30/06/2026	CRISIL-AAA	0.66%
Bharti Telecom Ltd.	Debenture	7.30%	01/12/2027	CRISIL-AAA	0.65%
National Bank For Agriculture & Rural Development	Certificate of Deposit	0.00%	04/02/2027	CRISIL-A1+	0.63%
National Bank For Agriculture & Rural Development	Certificate of Deposit	0.00%	22/01/2027	CRISIL-A1+	0.63%
Shriram Finance Ltd	Bonds	8.75%	15/06/2026	CRISIL-AA+	0.55%
Cholamandalam Investment and Finance Company Ltd.	Commercial Paper	0.00%	364-D 22/01/2027	CRISIL-A1+	0.52%
National Bank For Agriculture & Rural Development	Debenture	7.58%	31/07/2026	CRISIL-AAA	0.46%
LIC Housing Finance Ltd.	Debenture	6.40%	30/11/2026	CRISIL-AAA	0.44%
Godrej Properties Ltd.	Non Convertible Debenture	8.15%	03/07/2026	ICRA-AA+	0.44%
Small Industries Devp. Bank of India Ltd.	Certificate of Deposit	0.00%	13/10/2026	CRISIL-A1+	0.43%
Bank Of Baroda	Certificate of Deposit	0.00%	04/02/2027	IND-A1+	0.42%
Small Industries Devp. Bank of India Ltd.	Certificate of Deposit	0.00%	14/01/2027	CRISIL-A1+	0.42%
Small Industries Devp. Bank of India Ltd.	Certificate of Deposit	0.00%	10/11/2026	CRISIL-A1+	0.42%
Canara Bank	Certificate of Deposit	0.00%	12/03/2027	CRISIL-A1+	0.41%
LIC Housing Finance Ltd.	Debenture	7.86%	20/08/2026	CRISIL-AAA	0.33%
Cholamandalam Investment and Finance Company Ltd.	Debenture	8.19%	26/03/2027	ICRA-AA+	0.33%
Small Industries Devp. Bank of India Ltd.	Certificate of Deposit	0.00%	27/10/2026	CRISIL-A1+	0.32%
HDFC Bank Ltd.	Certificate of Deposit	0.00%	11/09/2026	CRISIL-A1+	0.32%
Punjab & Sind Bank	Certificate of Deposit	0.00%	12/03/2027	ICRA-A1+	0.31%
Small Industries Devp. Bank of India Ltd.	Certificate of Deposit	0.00%	28/01/2027	CRISIL-A1+	0.31%
L&T Finance Ltd.	Non Convertible Debenture	8.15%	04/01/2027	CRISIL-AAA	0.22%
Tata Capital Financial Services Ltd.	Debenture	7.90%	03/12/2026	CRISIL-AAA	0.22%
Kotak Mahindra Prime Ltd.	Debenture	8.26%	22/06/2026	CRISIL-AAA	0.22%
Power Finance Corporation Ltd.	Debenture	7.13%	15/07/2026	CRISIL-AAA	0.22%
Small Industries Devp. Bank of India Ltd.	Certificate of Deposit	0.00%	04/02/2027	CRISIL-A1+	0.21%
National Bank For Agriculture & Rural Development	Certificate of Deposit	0.00%	10/03/2027	CRISIL-A1+	0.21%
Bank Of Baroda	Certificate of Deposit	0.00%	25/01/2027	IND-A1+	0.21%
Bank Of Baroda	Certificate of Deposit	0.00%	08/03/2027	IND-A1+	0.21%
Bank Of Baroda	Certificate of Deposit	0.00%	04/12/2026	IND-A1+	0.21%
Canara Bank	Certificate of Deposit	0.00%	04/03/2027	CRISIL-A1+	0.10%

Frequently Asked Questions

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

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

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

Tata Arbitrage Fund Direct-Growth holds 193 securities in its portfolio. The top 5 holdings account for 93.90% of the portfolio and the top 10 for 102.41% — a well-diversified portfolio that minimises stock-specific risk.

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

The sector allocation of Tata 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 Tata Arbitrage Fund Direct-Growth?

As of 31 May 2026, Tata Arbitrage Fund Direct-Growth has -0.52% in equity, 33.78% in debt and 66.74% in cash/others. This asset mix determines the fund's overall risk-return profile. The debt portfolio has a yield to maturity (YTM) of 6.87%.

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

Tata Arbitrage Fund Direct-Growth's equity portfolio — Large Cap: 68.88%, Mid Cap: 26.52%, Small Cap: 4.60%. 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 Tata Arbitrage Fund Direct-Growth a concentrated or diversified fund?

Tata Arbitrage Fund Direct-Growth holds 193 securities, with the top 10 accounting for 102.41% of the portfolio and the top 5 for 93.90%. With 193 holdings, this is a well-diversified fund — stock-specific risk is limited.

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

The debt holdings of Tata Arbitrage Fund Direct-Growth are rated as follows — Cash: 66.22%, A1+: 25.71%, AAA: 5.30%, AA+: 1.36%, 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 Tata Arbitrage Fund Direct-Growth change its portfolio?

The portfolio currently holds 193 securities with the top 10 accounting for 102.41% 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 Tata Arbitrage Fund Direct-Growth's portfolio?

The weighted average PE ratio of Tata Arbitrage Fund Direct-Growth's portfolio is 22.32 and the PB ratio is 2.80. The debt portfolio has a modified duration of 0.54 years and an average maturity of 0.55 years. These metrics reflect the overall valuation and interest rate sensitivity of the portfolio.

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

The latest portfolio disclosure for Tata 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

-0.52%

-0.26%

-0.30%

-0.32%

-0.21%

-0.69%

Debt

33.78%

33.03%

27.59%

28.00%

22.89%

20.20%

Others (incl. cash)

66.74%

67.23%

72.71%

72.32%

77.32%

80.49%

Commodities

0.00%

Real Estate

0.00%

Instrument

Sector

No. of Shares

Value (Rs. Cr)

Weight

Change

HDFC Bank Ltd.

Financial

2,64,65,600

1,970.5

8.66%

1.72%↑

ICICI Bank Ltd.

Financial

69,34,900

871.3

3.83%

0.96%↑

State Bank of India

Financial

41,76,750

402.81

1.77%

-1.38%↓

Bharti Airtel Ltd.

Communication

21,93,075

401.11

1.76%

-0.12%↓

JSW Steel Ltd.

Metals & Mining

31,15,800

398.2

1.75%

-0.23%↓

Vodafone Idea Ltd.

Communication

26,94,60,750

376.98

1.66%

0.40%↑

HDFC Life Insurance Co Ltd.

Insurance

56,33,100

335.06

1.47%

0.50%↑

Steel Authority Of India Ltd.

Metals & Mining

1,61,35,100

329.75

1.45%

0.21%↑

Adani Green Energy Ltd.

Capital Goods

20,31,000

299.65

1.32%

0.37%↑

JIO Financial Services Ltd.

Financial

1,25,16,100

299.07

1.31%

-0.50%↓

Kotak Mahindra Bank Ltd.

Financial

73,84,000

283.69

1.25%

-1.07%↓

Bharat Electronics Ltd.

Capital Goods

65,46,450

268.9

1.18%

-0.14%↓

Reliance Industries Ltd.

Energy

20,29,500

268.14

1.18%

0.20%↑

Bharat Heavy Electricals Ltd.

Capital Goods

63,55,125

264.85

1.16%

0.10%↑

Indus Towers Ltd.

Communication

58,53,100

258.74

1.14%

0.33%↑

Adani Energy Solutions Ltd.

Energy

16,76,700

253.74

1.11%

0.18%↑

ITC Ltd.

Consumer Staples

82,92,850

237.92

1.05%

-0.56%↓

Multi Commodity Exchange Of India Ltd.

Services

7,62,500

225.28

0.99%

-0.49%↓

Shriram Finance Ltd

Financial

23,17,425

219.49

0.96%

-0.32%↓

Eternal Ltd.

Services

83,51,700

209.28

0.92%

0.03%↑

Sector

31 Mar 2026

30 Sep 2025

31 Aug 2025

31 Jul 2025

31 May 2025

31 Jan 2025

Textiles

0.00%

Services

0.19%

Automobile

0.00%

0.01%

Financial

0.07%

Capital Goods

0.07%

Chemicals

0.05%

Consumer Discretionary

0.03%

Materials

0.00%

Construction

0.01%

Consumer Staples

0.00%

Rating

Fund