Low-risk trades between two share prices. Earns the price gap between shares in the cash market and the same shares in the futures market.
Ranked by three-year return; funds without that figure at the end
Ranked by three-year return, the top three are Kotak Arbitrage Fund (+6.8% a year), UTI Arbitrage Fund (+6.8% a year) and Invesco India Arbitrage Fund (+6.8% a year). Past returns do not tell you future returns.
Kotak Arbitrage Fund Kotak Mahindra | +6.2% | +6.8% | +6.4% | 1/27 | 0.82% | ₹76,293 cr |
| +6.2% | +6.8% | +6.2% | 2/27 | 1.79% | ₹10,909 cr | |
Invesco India Arbitrage Fund Invesco | +6.3% | +6.8% | +6.5% | 3/27 | 2.82% | ₹32,122 cr |
| +6.2% | +6.7% | +6.3% | 4/27 | 1.98% | ₹46,331 cr | |
| +6.2% | +6.7% | +6.2% | 5/27 | 2.02% | ₹25,913 cr | |
ICICI Prudential Arbitrage Fund ICICI Prudential | +6.2% | +6.7% | +6.2% | 6/27 | 2.16% | ₹35,437 cr |
Edelweiss Arbitrage Fund Edelweiss | +6.1% | +6.7% | +6.2% | 7/27 | 2.20% | ₹14,156 cr |
Aditya Birla Sun Life Arbitrage Fund Aditya Birla Sun Life | +6.1% | +6.7% | +6.1% | 8/27 | 1.94% | ₹27,855 cr |
| +6.1% | +6.6% | +6.1% | 9/27 | 2.25% | ₹24,735 cr | |
| +6.1% | +6.6% | +6.1% | 10/27 | 2.09% | ₹10,576 cr | |
| +6.2% | +6.6% | — | 11/27 | 1.39% | ₹2,727 cr | |
Nippon India Arbitrage Fund Nippon India | +6.2% | +6.6% | +6.1% | 12/27 | 2.04% | ₹18,226 cr |
Union Arbitrage Fund Union | +6.1% | +6.6% | +6.0% | 13/27 | 2.29% | ₹231 cr |
| +6.2% | +6.5% | — | 14/27 | 2.03% | ₹3,677 cr | |
Mirae Asset Arbitrage Fund Mirae Asset | +6.1% | +6.5% | +6.0% | 15/27 | 0.78% | ₹3,720 cr |
| +5.9% | +6.5% | +5.5% | 16/27 | 1.77% | ₹64 cr | |
Bandhan Arbitrage Fund Bandhan | +5.9% | +6.5% | +6.1% | 17/27 | 2.31% | ₹7,656 cr |
| +6.0% | +6.5% | +6.0% | 18/27 | 1.80% | ₹6,963 cr | |
Sundaram Arbitrage Fund Sundaram | +6.2% | +6.4% | — | 19/27 | 1.69% | ₹577 cr |
| +6.2% | +6.4% | +5.9% | 20/27 | 1.62% | ₹316 cr | |
Baroda BNP Paribas Arbitrage Fund Baroda BNP Paribas | +5.7% | +6.4% | — | 21/27 | 2.24% | ₹1,021 cr |
PGIM India Arbitrage Fund PGIM India | +6.0% | +6.3% | +5.8% | 22/27 | 1.91% | ₹101 cr |
JM Arbitrage Fund JM Financial | +5.9% | +6.3% | +5.8% | 23/27 | 2.11% | ₹418 cr |
Bajaj Finserv Arbitrage Fund Bajaj Finserv | +6.0% | +6.3% | — | 24/27 | 1.97% | ₹1,368 cr |
Bank of India Arbitrage Fund Bank of India | +6.0% | +6.2% | +5.5% | 25/27 | 2.85% | ₹123 cr |
| +5.8% | +6.1% | — | 26/27 | 1.66% | ₹243 cr | |
Mahindra Manulife Arbitrage Fund Mahindra Manulife | +5.6% | +5.6% | +5.1% | 27/27 | 1.90% | ₹138 cr |
Capitalmind Arbitrage Fund Capitalmind | — | — | — | — | 2.03% | ₹22 cr |
Franklin India Arbitrage Fund Franklin Templeton | +6.5% | — | — | — | 2.04% | ₹2,353 cr |
Groww Arbitrage Fund Groww | — | — | — | — | 2.49% | ₹64 cr |
Helios Arbitrage Fund Helios | — | — | — | — | 2.17% | ₹137 cr |
JioBlackRock Arbitrage Fund Jio BlackRock | — | — | — | — | 0.90% | ₹589 cr |
Motilal Oswal Arbitrage Fund Motilal Oswal | +6.1% | — | — | — | 1.95% | ₹3,506 cr |
Old Bridge Arbitrage Fund Old Bridge | — | — | — | — | 1.91% | ₹124 cr |
Samco Arbitrage Fund Samco | +3.9% | — | — | — | 2.60% | ₹31 cr |
| +5.9% | — | — | — | 2.12% | ₹159 cr | |
The Wealth Company Arbitrage Fund The Wealth Company | +5.8% | — | — | — | 2.14% | ₹116 cr |
WhiteOak Capital Arbitrage Fund WhiteOak Capital | +6.5% | — | — | — | 3.02% | ₹2,973 cr |
quant Arbitrage Fund quant | +7.1% | — | — | — | 2.22% | ₹1,154 cr |
Answered from the figures above, updated every business day
39 funds, managing ₹3.63 lakh cr between them as of 3 Nov 2026. The largest is Kotak Arbitrage Fund, at ₹76,293 cr.
The average Arbitrage fund returned +6.0% over the last year, +6.5% a year over three years, +6.0% a year over five years. Over the last year the funds ranged from +3.9% to +7.1%. Past returns do not tell you future returns.
Mirae Asset Arbitrage Fund, at 0.78% a year, against 2.03% for the average fund in the category. The expense ratio is taken out of the fund every day, so every return shown is already after it.
Kotak Arbitrage Fund, at +6.8% a year over the last three years, against +6.5% for the average fund. Past returns do not tell you future returns.
Their volatility over the last year averaged 1.5%: the higher it is, the more the price swings from day to day. 38 of 39 carry the riskometer level Low, on SEBI's six-step scale from Low to Very High.
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NAV, expense ratio and fund disclosures as published by AMFI and the fund houses; prices as of 3 Nov 2026. Figures are computed independently and may differ from a fund house's own factsheet.
DiscoverMF is an information and analytics service. Nothing here is investment advice, a recommendation, or an offer to buy or sell any scheme. Mutual fund investments are subject to market risks; read all scheme related documents carefully. Past performance does not indicate future returns.