AMFI Registered MFD · ARN-130934 · Mutual fund investments are subject to market risks. CA Amit Kumar Jain · +91 93522 44475 Poornima Jain · +91 92525 44475 support@plenitude.co.in

BANK OF INDIA ARBITRAGE FUND - Direct Plan - Growth

Bank of India Mutual FundArbitrage FundsDirect · GrowthRiskometer: Low Risk
NAV · 15 Oct 2026₹15.5412▼ 0.01% (1 day)
Fund size (AUM) ₹111 Cr
Expense ratio 2.31%
1Y return+6.33%
3Y return (CAGR)+6.78%
5Y return (CAGR)+5.96%
Since launch (CAGR)+5.43%
Category rank (3Y) —
Volatility (3Y) 1.19%
Sharpe ratio (3Y) 0.23
Beta (3Y) —
52-week range₹14.6165 – ₹15.5661
Min. SIP / lump sum₹1,000 / ₹5,000
Launched18 Jun 2018
Lock-inNone
Portfolio turnover —
Max drawdown -0.6%

Performance chart

Past performance may or may not be sustained in future.

Quick take

  • Over 5 years it returned 6.0% a year.
  • Volatility over 3 years was 1.2% a year, with a Sharpe ratio of 0.23.
  • Its biggest fall from a peak was 0.6% (16 Mar 2020 to 25 Mar 2020).
  • Across all 3-year periods since launch, yearly returns ranged from 3.2% to 7.1% and were positive 100% of the time.
  • Expense ratio 2.31%, fund size ₹111 crore.

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Returns vs benchmark and category

Returns (%)1W1M3M6MYTD1Y2Y3Y5Y7Y10YSince launch
This fund+0.12%+0.56%+1.59%+3.00%+4.86%+6.33%+6.43%+6.78%+5.96%+5.25%—+5.43%

Point-to-point NAV returns as on 15 Oct 2026; over 1 year, yearly compounded (CAGR). Category: Direct Growth plans in Arbitrage Funds. Q1 = top quarter by return over that period.

Calendar-year returns

Year2026 YTD2025202420232022202120202019
This fund+4.86%+6.45%+7.71%+6.85%+3.43%+2.79%+3.99%+6.00%

January to December each year; the current year is to date.

Risk and consistency

Risk measure3 years5 years
Volatility (standard deviation) ?1.19%1.09%
Sharpe ratio ?0.23-0.49
Sortino ratio ?0.35-0.70
Maximum drawdown-0.44%-0.44%

Rolling 3-year returns (yearly)

Lowest+3.19%
Median+4.81%
Highest+7.09%
Positive100% of periods
Above 12% a year0% of periods

Rolling 5-year returns (yearly)

Lowest+4.47%
Median+4.95%
Highest+5.94%
Positive100% of periods
Above 12% a year0% of periods

Every 3- and 5-year period since launch, checked weekly. It shows how consistent returns were, whenever someone invested.

SIP returns: ₹10,000 every month

SIP forInvestedValue todayGainXIRR
1Y₹1,20,000₹1,24,023₹4,023+6.25%
3Y₹3,60,000₹3,97,231₹37,231+6.49%
5Y₹6,00,000₹7,07,320₹1,07,320+6.52%

A ₹10,000 instalment on the same date every month, valued at the latest NAV. XIRR is the yearly return on those dated instalments. Try the SIP calculator.

Compare with all Arbitrage Funds (39)

About Arbitrage Funds
Scheme (Direct plans, Growth)NAV1M6M1Y3Y5Y
ADITYA BIRLA SUN LIFE ARBITRAGE FUND - Direct Plan - GROWTHAditya Birla Sun Life Mutual Fund₹31.0872—————
Axis Arbitrage Fund - Direct Plan - Growth OptionAxis Mutual Fund₹22.0350—————
Bajaj Finserv Arbitrage Fund - Direct Plan - GrowthBajaj Finserv Mutual Fund₹12.3190—————
BANDHAN Arbitrage Fund - Direct Plan - GrowthBandhan Mutual Fund₹38.0206—————
BANK OF INDIA ARBITRAGE FUND - Direct Plan - GrowthBank of India Mutual Fund₹15.5412—————
BARODA BNP PARIBAS ARBITRAGE FUND - Direct Plan - Growth OptionBaroda BNP Paribas Mutual Fund₹18.3457—————
Capitalmind Arbitrage Fund - Direct Plan - GrowthCapitalmind Mutual Fund₹10.3475—————
DSP Arbitrage fund - Direct Plan - GrowthDSP Mutual Fund₹16.9390—————
Edelweiss Arbitrage Fund - Direct Plan - GrowthEdelweiss Mutual Fund₹22.5673—————
Franklin India Arbitrage Fund - Direct Plan - GrowthFranklin Templeton Mutual Fund₹11.3854—————
Groww Arbitrage Fund - Direct Plan - GrowthGroww Mutual Fund₹10.2907—————
HDFC Arbitrage Fund - Direct Plan - Growth OptionHDFC Mutual Fund₹21.8750—————
Helios Arbitrage Fund - Direct Plan - GrowthHelios Mutual Fund₹10.3300—————
HSBC Arbitrage Fund - Direct Plan - GrowthHSBC Mutual Fund₹22.0246—————
ICICI Prudential Arbitrage Fund - Direct Plan - GrowthICICI Prudential Mutual Fund₹39.8827—————
Invesco India Arbitrage Fund - Direct Plan - GrowthInvesco Mutual Fund₹37.5161—————
ITI Arbitrage Fund - Direct Plan - Growth OptionITI Mutual Fund₹14.6437—————
JioBlackRock Arbitrage Fund - Direct Plan - Growth OptionJio BlackRock Mutual Fund₹10.5775—————
JM Arbitrage Fund - Direct Plan - Growth OptionJM Financial Mutual Fund₹37.5825—————
Kotak Arbitrage Fund - Direct Plan - GrowthKotak Mahindra Mutual Fund₹43.4741—————
LIC MF Arbitrage Fund - Direct Plan - GrowthLIC Mutual Fund₹15.6744—————
Mahindra Manulife Arbitrage Fund - Direct Plan - GrowthMahindra Manulife Mutual Fund₹13.8574—————
Mirae Asset Arbitrage Fund - Direct Plan - GrowthMirae Asset Mutual Fund₹14.6620—————
Motilal Oswal Arbitrage Fund - Direct Plan - GrowthMotilal Oswal Mutual Fund₹11.3374—————
Nippon India Arbitrage Fund - Direct Plan - Growth OptionNippon India Mutual Fund₹31.1292—————
NJ Arbitrage Fund - Direct Plan - Growth OptionNJ Mutual Fund₹13.2151—————
Old Bridge Arbitrage Fund - Direct Plan - Direct GrowthOld Bridge Mutual Fund₹10.5952—————
Parag Parikh Arbitrage Fund - Direct Plan - GrowthPPFAS Mutual Fund₹12.2104—————
quant Arbitrage Fund - Direct Plan - Growth Optionquant Mutual Fund₹11.1444—————
Samco Arbitrage Fund - Direct Plan - GrowthSamco Mutual Fund₹11.0100—————
SBI Arbitrage Fund - Direct Plan - GrowthSBI Mutual Fund₹38.9723—————
Sundaram Arbitrage Fund(Formerly Known as Prinicpal Arbitrage Fund) - Direct Plan - GROWTHSundaram Mutual Fund₹16.5521—————
Tata Arbitrage Fund - Direct Plan - Growth OptionTata Mutual Fund₹16.4215—————
The Wealth Company Arbitrage Fund - Direct Plan - GrowthThe Wealth Company Mutual Fund₹10.6461—————
TRUSTMF ARBITRAGE FUND - Direct Plan - GrowthTrust Mutual Fund₹10.7242—————
Union Arbitrage Fund - Direct Plan - Growth OptionUnion Mutual Fund₹15.7320—————
UTI - Arbitrage Fund - Direct Plan - GrowthUTI Mutual Fund₹40.4397—————
WhiteOak Capital Arbitrage Fund - Direct Plan - Growth OptionWhiteOak Capital Mutual Fund₹11.5820—————
Zerodha Arbitrage Fund - Direct Plan - Growth OptionZerodha Mutual Fund₹10.0972—————

Sorted by 3-year return; tap a heading to sort. Sorting by past returns is a way to explore data, not a ranking of which fund to choose. 3Y and 5Y are yearly (CAGR).

Scheme details

Investment objective
To generate income through arbitrage opportunities between cash and derivative segments of the equity market and arbitrage opportunities within the derivative segment and by deployment of surplus cash in debt securities and money market instruments. However, there is no assurance or guarantee that the investment objective of the scheme will be realized.
Fund manager
Nilesh Jethani
Fund house
Bank of India Mutual Fund
Category
Arbitrage Funds · Hybrid
Plan / option
Direct · Growth
AMFI scheme code
143614
ISIN
INF761K01ED3
Scheme documents
SID, KIM and factsheets (fund house website) · exit load and full portfolio are in these documents.

About Arbitrage Funds

Arbitrage Funds earn from price differences between the cash and futures markets, with at least 65% in equity-related positions. Risk is generally low and returns are usually close to short-term debt; they are taxed as equity funds.

Generally used by investors parking money for a few months who are in a higher tax slab.

Other plans of this scheme

Questions about this scheme

What is the NAV of BANK OF INDIA ARBITRAGE FUND today?
The latest NAV of BANK OF INDIA ARBITRAGE FUND - Direct Plan - Growth is ₹15.5412 as on 15 Oct 2026, as published by AMFI. NAVs are updated every business day evening.
What returns has BANK OF INDIA ARBITRAGE FUND given?
As on 15 Oct 2026: 1 year +6.33%, 3 years +6.78% a year, 5 years +5.96% a year. Past returns may or may not be sustained in future.
What is the expense ratio of BANK OF INDIA ARBITRAGE FUND?
The expense ratio of the Direct plan is 2.31% (as of Aug 2026). It is already deducted in the NAV.
How risky is this fund?
Its riskometer level is Low Risk. Over 3 years its volatility was 1.2% a year and its biggest fall from a peak was 0.4%. Mutual fund investments are subject to market risks.
What is the difference between Direct and Regular plans?
Both plans hold the same portfolio. A Direct plan is bought straight from the fund house and has a lower expense ratio. A Regular plan is bought through a distributor, who is paid a commission from the expense ratio, so its NAV grows slightly slower.
What are Arbitrage Funds?
Arbitrage Funds earn from price differences between the cash and futures markets, with at least 65% in equity-related positions. Risk is generally low and returns are usually close to short-term debt; they are taxed as equity funds.
Important. NAVs are from AMFI and mfapi.in; benchmark closes from Yahoo Finance; expense ratio, fund size and managers from published scheme data (Kuvera). Figures may be delayed; confirm with the fund house before transacting. Ranks and quartiles are positions by past return and are not a rating or recommendation. Mutual fund investments are subject to market risks; read all scheme-related documents carefully before investing. Plenitude Connect Private Limited is an AMFI-registered Mutual Fund Distributor (ARN-130934) and earns commission from fund houses on Regular plans (see Disclosures).
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