MonitorDirect · GrowthWatch before adding
HSBC Arbitrage Fund
HSBC Mutual FundHybrid Schemes - Arbitrage Fund3.9 years
The scheme seeks 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.
- NAV
- 22.0761
- 30 Oct 2026
- 1Y
- +6.5%
- Trailing CAGR
- AUM
- ₹3,633.25 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 30 Oct 2026
Stance
Watch before adding
Recent evidence is mixed. Compare peers before increasing exposure.
In three lines
Fits if · Risk-adjusted return sits above the documented risk-free proxy.
Fits if · Peak-to-trough drawdown has stayed shallower than 15%.
Prefer peers if · Prefer Axis Arbitrage Fund if you want a same-category peer with stronger evidence.
Buy checklist
History depth
Watch
3.9 years - usable, still building a track record.
Engine status
Watch
Recent evidence is mixed. Compare peers before increasing exposure.
Expense ratio
Pass
1.45% TER (Direct). Lower cost compounds on long SIPs.
Drawdown vs peers
Pass
Peak-to-trough -0.3%. Ask whether you can hold through a similar fall.
Vs category
Fail
6% of rolling 3Y windows beat the category median, same plan and option.
Manager tenure
Watch
Dipan S. Parikh · 0.2 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 ≈ 111.8% 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 0%. 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+6.5%
- 3Y+7.2%
- 5Yn/a
- 10Yn/a
- SI+7.4%
SIP XIRR
Equal monthly instalments to latest NAV
- 1Y+6.5%
- 3Y+6.8%
- 5Yn/a
- 10Yn/a
- Since inception
- +7.4%
- Calendar-day CAGR
- Excess 1Y
- +0.1%
- Category median, same plan and option
- 3Y win rate
- +6%
- Windows beating the median
- 3Y percentile
- 33
- Vs comparable share classes
- SIP 3Y XIRR
- +6.8%
- Simulated monthly SIP
- Worst rolling 3Y
- +7.1%
- 228 daily-ending windows
- Median rolling 3Y
- +7.4%
- Calendar-day CAGR
- Positive rolling 5Y
- n/a
- 0 daily-ending windows
Drawdown
Peak to trough from a running NAV high, with the path and recovery episodes.
- Max drawdown
- -0.3%
- Worst peak-to-trough
- Current
- -0.1%
- Below last peak
- Current spell
- 7 days
- Days below latest peak
- Time below peak
- +39%
- NAV observations
Drawdown
Path not in current snapshots
n/a
- Average recovery
- 2 days
- 211 recovered episodes
- Longest recovery
- 13 days
- Trough to prior peak
24 Aug 2026 – 1 Sept 2026
Trough 26 Aug 2026 · recovered in 6 days
-0.3%
19 May 2026 – 1 Jun 2026
Trough 29 May 2026 · recovered in 3 days
-0.3%
1 Sept 2026 – 10 Sept 2026
Trough 4 Sept 2026 · recovered in 6 days
-0.3%
25 Sept 2026 – 30 Sept 2026
Trough 29 Sept 2026 · recovered in 1 days
-0.3%
Dimensions
0–100 reads of named metrics. The mean is unweighted and only uses dimensions with data.
Returns
33
Vs category
50
Consistency
11
Risk-adjusted
88
Drawdown
99
Mean
57
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
No status reasons yet. History is still thin.
Supporting reads
- Risk-adjusted return sits above the documented risk-free proxy.
- Peak-to-trough drawdown has stayed shallower than 15%.
Portfolio
30 Sept 2026 · 139 holdings · top 10 are 111.8%.
- Top 5
- 98.6%
- Top 10
- 111.8%
- Largest holding
- 69.3%
- Effective holdings
- 1.9
Cash Margin
Unspecified
69.3%
HSBC Money Market Fund Direct-Growth
Unspecified
14.3%
ICICI Bank Ltd
Financial
5.3%
Reliance Industries Ltd
Energy & Utilities
4.8%
HDFC Bank Ltd
Financial
4.8%
Worth investigating
Same-category peers with enough history to inspect beside this fund - including tradeoffs.
Axis Arbitrage Fund
Axis Mutual Fund
- 1Y
- +6.7%
- 3Y
- +7.3%
- Vol
- 1.0%
- Max DD
- -0.6%
- Sharpe
- 0.68
- 3Y win
- +88%
- Lower volatility
- Higher win rate vs category
- Lower TER
- Higher trailing returns
Caveat: Deeper drawdown
UTI - Arbitrage Fund
UTI Mutual Fund
- 1Y
- +6.6%
- 3Y
- +7.3%
- Vol
- 1.0%
- Max DD
- -0.7%
- Sharpe
- 0.78
- 3Y win
- +52%
- Lower volatility
- Higher win rate vs category
- Lower TER
- Higher trailing returns
Caveat: Deeper drawdown
Invesco India Arbitrage Fund
Invesco Mutual Fund
- 1Y
- +6.9%
- 3Y
- +7.5%
- Vol
- 1.0%
- Max DD
- -0.5%
- Sharpe
- 0.93
- 3Y win
- +63%
- Lower volatility
- Higher win rate vs category
- Higher trailing returns
Caveat: Deeper drawdown · Higher TER
Mirae Asset Arbitrage Fund
Mirae Asset Mutual Fund
- 1Y
- +6.7%
- 3Y
- +7.3%
- Vol
- 1.0%
- Max DD
- -0.4%
- Sharpe
- 0.24
- 3Y win
- +82%
- Lower volatility
- Higher win rate vs category
- Higher trailing returns
Caveat: Deeper drawdown · Higher TER
ICICI Prudential Arbitrage Fund
ICICI Prudential Mutual Fund
- 1Y
- +6.6%
- 3Y
- +7.3%
- Vol
- 1.1%
- Max DD
- -0.6%
- Sharpe
- 0.97
- 3Y win
- +73%
- Higher win rate vs category
- Higher trailing returns
Caveat: Higher volatility · Deeper drawdown · Higher TER