MonitorDirect · GrowthWatch before adding
DSP Arbitrage fund
DSP Mutual FundHybrid Scheme - Arbitrage Fund8.8 years
The Scheme seeks to generate income through arbitrage opportunities between cash and derivative market and arbitrage opportunities within the derivative market.
- NAV
- 16.957
- 29 Oct 2026
- 1Y
- +6.4%
- Trailing CAGR
- AUM
- ₹6,720.03 Cr
- 30 Sept 2026
- Volatility
- Low
- 1.1% annualized
Buying brief
Should you add this fund?
Evidence on this desk, framed as a purchase checklist - not SEBI-registered advice.
As of 29 Oct 2026
Stance
Watch before adding
Recent evidence is mixed. Compare peers before increasing exposure.
In three lines
Fits if · Peak-to-trough drawdown has stayed shallower than 15%.
Prefer peers if · Prefer BARODA BNP PARIBAS ARBITRAGE FUND if you want a same-category peer with stronger evidence.
Buy checklist
History depth
Pass
8.8 years of path to read.
Engine status
Watch
Recent evidence is mixed. Compare peers before increasing exposure.
Expense ratio
Pass
1.17% TER (Direct). Lower cost compounds on long SIPs.
Drawdown vs peers
Pass
Peak-to-trough -0.6%. Ask whether you can hold through a similar fall.
Vs category
Fail
4% of rolling 3Y windows beat the category median, same plan and option.
Manager tenure
Pass
Kaivalya Nadkarni · 2.1 years on the scheme.
Exit load
n/a
No exit-load summary on file.
Tax / wrapper
Pass
Direct Growth, no ELSS lock flagged. Equity LTCG rules still apply after one year - not tax advice.
Portfolio concentration
Watch
Top 10 holdings ≈ 104.2% of the portfolio.
Browse category
Same-category peers are preloaded into compare when available.
Before you buy or SIP
Behaviour and wrappers - the usual India MF failure modes - not a buy instruction.
Drawdown rehearsal
This scheme’s worst fall on file is about 1%. Before you SIP, ask whether you would keep contributing through a similar drop - pausing on fear is the usual India MF failure mode.
SIP discipline
Monitor is recent mixed evidence - keep the SIP unless the buying brief says prefer peers, then swap with intent.
NAV
Path not in current snapshots
n/a
Returns
Trailing CAGR and simulated monthly SIP XIRR from daily NAV. Category comparison uses the median of comparable share classes in the peer set.
Trailing CAGR
Point-to-point, calendar-day annualized
- 1Y+6.4%
- 3Y+7.1%
- 5Y+6.6%
- 10Yn/a
- SI+6.2%
SIP XIRR
Equal monthly instalments to latest NAV
- 1Y+6.1%
- 3Y+6.7%
- 5Y+7.0%
- 10Yn/a
- Since inception
- +6.2%
- Calendar-day CAGR
- Excess 1Y
- -0.2%
- Category median, same plan and option
- 3Y win rate
- +4%
- Windows beating the median
- 3Y percentile
- 21
- Vs comparable share classes
- SIP 3Y XIRR
- +6.7%
- Simulated monthly SIP
- Worst rolling 3Y
- +4.3%
- 1417 daily-ending windows
- Median rolling 3Y
- +5.8%
- Calendar-day CAGR
- Positive rolling 5Y
- +100%
- 923 daily-ending windows
Drawdown
Peak to trough from a running NAV high, with the path and recovery episodes.
- Max drawdown
- -0.6%
- Worst peak-to-trough
- Current
- -0.2%
- Below last peak
- Current spell
- 6 days
- Days below latest peak
- Time below peak
- +45%
- NAV observations
Drawdown
Path not in current snapshots
n/a
- Average recovery
- 2 days
- 467 recovered episodes
- Longest recovery
- 70 days
- Trough to prior peak
16 Mar 2020 – 31 Mar 2020
Trough 25 Mar 2020 · recovered in 6 days
-0.6%
29 May 2020 – 14 Aug 2020
Trough 5 Jun 2020 · recovered in 70 days
-0.5%
3 Aug 2026 – 21 Aug 2026
Trough 6 Aug 2026 · recovered in 15 days
-0.4%
28 Nov 2018 – 19 Dec 2018
Trough 29 Nov 2018 · recovered in 20 days
-0.3%
Dimensions
0–100 reads of named metrics. The mean is unweighted and only uses dimensions with data.
Returns
21
Vs category
49
Consistency
14
Risk-adjusted
36
Drawdown
99
Mean
44
Decision
Quantitative engine reasons behind the buying stance. An explanation can only restate what is already here.
Monitor
Buying stance
Watch before adding
Recent evidence is mixed. Compare peers before increasing exposure.
Why this status
- Three-year return sits below the 25th percentile of comparable share classes.
Supporting reads
- Peak-to-trough drawdown has stayed shallower than 15%.
Portfolio
30 Sept 2026 · 183 holdings · top 10 are 104.2%.
- Top 5
- 91.1%
- Top 10
- 104.2%
- Largest holding
- 67.7%
- Effective holdings
- 2.1
Cash Margin
Unspecified
67.7%
DSP Money Market Fund Direct Plan-Growth
Unspecified
11.0%
HDFC Bank Ltd
Financial
4.8%
Reliance Industries Ltd
Energy & Utilities
4.6%
Vodafone Idea Ltd
Technology
3.0%
Worth investigating
Same-category peers with enough history to inspect beside this fund - including tradeoffs.
BARODA BNP PARIBAS ARBITRAGE FUND
Baroda BNP Paribas Mutual Fund
- 1Y
- +6.2%
- 3Y
- +7.2%
- Vol
- 1.0%
- Max DD
- -0.3%
- Sharpe
- 0.82
- 3Y win
- +65%
- Lower volatility
- Shallower drawdown
- Higher win rate vs category
- Higher trailing returns
Caveat: Higher TER
Edelweiss Arbitrage Fund
Edelweiss Mutual Fund
- 1Y
- +6.6%
- 3Y
- +7.3%
- Vol
- 1.0%
- Max DD
- -0.5%
- Sharpe
- 0.82
- 3Y win
- +100%
- Lower volatility
- Shallower drawdown
- Higher win rate vs category
- Higher trailing returns
Caveat: Higher TER
Kotak Arbitrage Fund
Kotak Mahindra Mutual Fund
- 1Y
- +6.6%
- 3Y
- +7.4%
- Vol
- 1.0%
- Max DD
- -0.6%
- Sharpe
- 1.08
- 3Y win
- +81%
- Lower volatility
- Shallower drawdown
- Higher win rate vs category
- Higher trailing returns
Caveat: Higher TER
Tata Arbitrage Fund
Tata Mutual Fund
- 1Y
- +6.6%
- 3Y
- +7.4%
- Vol
- 1.0%
- Max DD
- -0.6%
- Sharpe
- 0.52
- 3Y win
- +100%
- Lower volatility
- Shallower drawdown
- Higher win rate vs category
- Higher trailing returns
Caveat: Higher TER
ITI Arbitrage Fund
ITI Mutual Fund
- 1Y
- +6.3%
- 3Y
- +7.2%
- Vol
- 1.1%
- Max DD
- -0.6%
- Sharpe
- -0.40
- 3Y win
- +8%
- Shallower drawdown
- Higher win rate vs category
- Lower TER
- Higher trailing returns
Caveat: Higher volatility