Hybrid · Category
Best Arbitrage Mutual Funds 2026
Arbitrage is a SEBI-defined mutual fund category. Every fund below follows the same category mandate, which makes their returns directly comparable — the differences you see come from the fund manager's choices and the fund's costs, not from a difference in what they are allowed to hold.
All 42 Arbitrage funds, ranked
Ordered by three-year annualised return, computed from official AMFI NAV history to a common date.
NAV as of 31 Aug 2026
Category average over 3Y: 7.1% a year across 25 funds with a full record.
- 16.8%7.6%6.9%+0.5—
Kotak Arbitrage Fund
Kotak Mahindra
- 26.8%7.6%7.0%+0.5—
Invesco India Arbitrage Fund
Invesco
- 37.0%7.6%6.7%+0.5—
Mirae Asset Arbitrage Fund
Mirae Asset
- 46.7%7.5%6.8%+0.5—
Tata Arbitrage Fund
Tata
- 56.7%7.5%6.7%+0.4—
Aditya Birla Sun Life Arbitrage Fund
Aditya Birla Sun Life
- 66.6%7.5%6.8%+0.4—
Edelweiss Arbitrage Fund
Edelweiss
- 76.7%7.4%6.8%+0.4—
Axis Arbitrage Fund
Axis
- 86.6%7.4%6.6%+0.4—
UTI Arbitrage Fund
UTI
- 96.5%7.4%6.7%+0.3—
BANDHAN Arbitrage Fund
Bandhan
- 106.6%7.4%6.6%+0.3—
HDFC ARBITRAGE FUND
HDFC
- 116.6%7.4%6.7%+0.3—
NIPPON INDIA ARBITRAGE FUND
Nippon India
- 126.5%7.3%6.7%+0.3—
ICICI Prudential Equity Arbitrage Fund
ICICI Prudential
- 136.4%7.3%6.8%+0.3—
SBI Arbitrage Opportunities Fund
SBI
- 146.5%7.3%6.5%+0.2—
HSBC Arbitrage Fund
HSBC
- 156.2%7.3%6.1%+0.2—
ITI Arbitrage Fund
ITI
- 166.4%7.2%6.4%+0.2—
Union Arbitrage Fund
Union
- 176.1%7.2%6.5%+0.2—
BARODA BNP PARIBAS ARBITRAGE FUND
Baroda BNP Paribas
- 186.3%7.2%6.5%+0.2—
DSP Arbitrage Fund
DSP
- 196.4%7.2%6.2%+0.1—
Sundaram Arbitrage Fund
Sundaram
- 206.5%7.1%6.5%+0.1—
LIC MF Arbitrage Fund
LIC
- 216.5%7.1%6.4%+0.0—
PGIM India Arbitrage Fund
PGIM India
- 226.3%7.0%6.3%-0.0—
JM Arbitrage Fund
JM Financial
- 235.9%6.8%5.8%-0.3—
BANK OF INDIA Arbitrage Fund
Bank of India
- 245.7%6.7%—-0.3—
NJ Arbitrage Fund
NJ
- 256.3%6.5%5.8%-0.6—
Mahindra Manulife Arbitrage Fund
Mahindra Manulife
Not enough history to rank
These 17 funds do not yet have a full 3Y NAV record, so ranking them against the funds above would compare different periods.
How to read the table below
Returns are annualised and computed from our own AMFI NAV history rather than taken from a fund factsheet, so every fund on this page is measured to the same date on the same basis. The category average is calculated across the same set.
Expense ratio is the annual cost, already deducted from the NAV you see. Direct plans cost less than regular plans because they carry no distributor commission.
Past returns describe what happened; they are not a forecast.
Frequently asked questions
How are Arbitrage funds ranked on this page?+
By three-year annualised return, computed from official AMFI NAV history to a common date, so every fund is measured on the same basis. Funds without a full three-year record are listed separately rather than ranked against funds that have one.
Are these returns after fees?+
Yes. Returns are calculated from NAV, and the expense ratio is already deducted from NAV daily. The expense-ratio column tells you what that ongoing cost is.
How this page is produced
Every figure above is computed from our own archive of the official AMFI NAV file, going back to 2006, to NAV dated 31 Aug 2026. Nothing here is copied from a factsheet or a third-party summary. The full method is published, including its limitations.
Written and maintained by Azad Mohammed, who built the pipeline these numbers come out of. Found an error? Tell us — corrections are made and the page rebuilds within the hour.
This page describes what each fund has done. It is not investment advice and not a recommendation to buy or sell any scheme. Arthkar is not a SEBI-registered investment adviser and does not provide or arrange investment advice. Mutual fund investments are subject to market risk; read all scheme related documents carefully.
