HSBC Arbitrage Fund - Direct Plan - Quarterly IDCW
To seek to generate reasonable returns by predominantly investing in arbitrage opportunities in the cash and derivatives segments of the equity markets and by investing balance in debt and money market instruments.There is no assurance that the investment objective of the scheme will be realized.Read more
- Current NAV₹10.7041
- Fund Size (AUM)₹ 3,633 Cr.
- Expense Ratio1.47 %
- 1Y Return-2.76%
- 3Y Return (CAGR)-1.76%
- 5Y Return (CAGR)—
- Category Rank (3Y)—
- RiskometerLow Risk
- Min. SIP / Lump sum₹ 500 / ₹ 5,000
More figures (11)
- Since Launch (CAGR)-1.24%
- Benchmark—
- Volatility (3Y)4.51 %
- Sharpe Ratio (3Y)-1.83
- Beta (3Y)—
- 52-week High / Low₹11.1470 / ₹10.6337
- Max Drawdown-7.5 %
- Launched30 Jun 2014
- Lock-inNone
- Portfolio Turnover223 %
- Fund ManagersMahesh Chhabria, Praveen Ayathan, Mohd Asif Rizwi
Performance chart
Past performance may or may not be sustained in future.
Quick take
- Over 3 years it returned -1.8% a year.
- Volatility over 3 years was 4.5% a year, with a Sharpe ratio of -1.83.
- Its biggest fall from a peak was 7.5% (29 Sep 2023 to 29 Sep 2026).
- Across all 3-year periods since launch, yearly returns ranged from -2.5% to -0.4% and were positive 0% of the time.
- Expense ratio 1.47%, fund size ₹3,633 crore.
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| Returns (%) | 1W | 1M | 3M | 6M | YTD | 1Y | 2Y | 3Y | 5Y | 7Y | 10Y | Since launch |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| This fund | +0.20% | -1.72% | -0.69% | -1.57% | -1.86% | -2.76% | -2.41% | -1.76% | — | — | — | -1.24% |
Point-to-point NAV returns as on 16 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
| Year | 2026 YTD | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| This fund | -1.86% | -2.26% | -0.73% | -0.70% |
January to December each year; the current year is to date.
Risk and consistency
| Risk measure | 3 years | 5 years |
|---|---|---|
| Volatility (standard deviation) ? | 4.51% | 4.31% |
| Sharpe ratio ? | -1.83 | — |
| Sortino ratio ? | -1.85 | — |
| Maximum drawdown | -7.47% | -7.54% |
Rolling 3-year returns (yearly)
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 for | Invested | Value today | Gain | XIRR |
|---|---|---|---|---|
| 1Y | ₹1,20,000 | ₹1,17,263 | ₹-2,737 | -4.19% |
| 3Y | ₹3,60,000 | ₹3,44,522 | ₹-15,478 | -2.83% |
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)
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 seek to generate reasonable returns by predominantly investing in arbitrage opportunities in the cash and derivatives segments of the equity markets and by investing balance in debt and money market instruments.There is no assurance that the investment objective of the scheme will be realized.
- Fund managers
- Mahesh Chhabria, Praveen Ayathan, Mohd Asif Rizwi
- Fund house
- HSBC Mutual Fund
- Category
- Arbitrage Funds · Hybrid
- Plan / option
- Direct · IDCW (income distribution)
- AMFI scheme code
- 151136
- ISIN
- INF917K01QV7, INF917K01QU9
- 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
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What are Arbitrage Funds?
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