HealthyDirect · GrowthFit for a long SIP
Motilal Oswal Arbitrage Fund
Motilal Oswal Mutual FundHybrid Scheme - Arbitrage Fund1.8 years
The scheme seeks to generate long term growth of capital by predominantly investing in arbitrage opportunities present between the cash and derivate markets, as well as within the derivative segment, complemented by investments in debt securities and money market instruments.
- NAV
- 11.3444
- 29 Oct 2026
- 1Y
- +6.8%
- Trailing CAGR
- AUM
- ₹3,434.03 Cr
- 30 Sept 2026
- Volatility
- Low
- 1.2% 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
Fit for a long SIP
Evidence supports keeping this on a shortlist for a multi-year equity SIP.
In three lines
Fits if · The fund beat the category median in 100% of rolling 1-year windows.
Fits if · Risk-adjusted return sits above the documented risk-free proxy.
Buy checklist
History depth
Fail
1.8 years - thin for judging consistency.
Engine status
Pass
Evidence supports keeping this on a shortlist for a multi-year equity SIP.
Expense ratio
Pass
1.04% TER (Direct). Lower cost compounds on long SIPs.
Drawdown vs peers
Pass
Peak-to-trough -0.4%. Ask whether you can hold through a similar fall.
Vs category
n/a
Category relative read still thin.
Manager tenure
Watch
Vishal Ashar · 1.9 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 ≈ 110.0% of the portfolio.
Evidence supports a shortlist - confirm with peers before you buy elsewhere.
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
If you start a SIP here, diary a 90-day check and an annual review - don’t react to every NAV print.
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+6.8%
- 3Yn/a
- 5Yn/a
- 10Yn/a
- SI+7.0%
SIP XIRR
Equal monthly instalments to latest NAV
- 1Y+6.5%
- 3Yn/a
- 5Yn/a
- 10Yn/a
- Since inception
- +7.0%
- Calendar-day CAGR
- Excess 1Y
- +0.3%
- Category median, same plan and option
- 3Y win rate
- n/a
- Windows beating the median
- 3Y percentile
- n/a
- Vs comparable share classes
- SIP 3Y XIRR
- n/a
- Simulated monthly SIP
- Worst rolling 3Y
- n/a
- 0 daily-ending windows
- Median rolling 3Y
- n/a
- 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
- -0.4%
- Worst peak-to-trough
- Current
- -0.2%
- Below last peak
- Current spell
- 6 days
- Days below latest peak
- Time below peak
- +40%
- NAV observations
Drawdown
Path not in current snapshots
n/a
- Average recovery
- 2 days
- 95 recovered episodes
- Longest recovery
- 15 days
- Trough to prior peak
3 Aug 2026 – 21 Aug 2026
Trough 6 Aug 2026 · recovered in 15 days
-0.4%
1 Sept 2026 – 10 Sept 2026
Trough 4 Sept 2026 · recovered in 6 days
-0.4%
24 Aug 2026 – 31 Aug 2026
Trough 26 Aug 2026 · recovered in 5 days
-0.3%
28 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
37
Vs category
52
Consistency
100
Risk-adjusted
68
Drawdown
99
Mean
71
Decision
Quantitative engine reasons behind the buying stance. An explanation can only restate what is already here.
Healthy
Buying stance
Fit for a long SIP
Evidence supports keeping this on a shortlist for a multi-year equity SIP.
Why this status
- No material deterioration, cost shock, or persistent category underperformance in the current evidence set.
Supporting reads
- The fund beat the category median in 100% of rolling 1-year windows.
- Risk-adjusted return sits above the documented risk-free proxy.
- Peak-to-trough drawdown has stayed shallower than 15%.
Portfolio
30 Sept 2026 · 140 holdings · top 10 are 110.0%.
- Top 5
- 94.0%
- Top 10
- 110.0%
- Largest holding
- 72.4%
- Effective holdings
- 1.8
Net Receivables
Unspecified
72.4%
Motilal Oswal Liquid Fund Direct - Growth
Unspecified
7.1%
HDFC Bank Ltd
Financial
5.4%
Reliance Industries Ltd
Energy & Utilities
4.6%
Repo
Unspecified
4.5%
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 trailing returns
Caveat: Higher TER
Sundaram Arbitrage Fund(Formerly Known as Prinicpal Arbitrage Fund)
Sundaram Mutual Fund
- 1Y
- +6.7%
- 3Y
- +7.1%
- Vol
- 1.1%
- Max DD
- -0.5%
- Sharpe
- 0.58
- 3Y win
- +2%
- Lower volatility
- Lower TER
- Higher trailing returns
Caveat: Deeper drawdown
ADITYA BIRLA SUN LIFE ARBITRAGE FUND
Aditya Birla Sun Life Mutual Fund
- 1Y
- +6.6%
- 3Y
- +7.3%
- Vol
- 1.1%
- Max DD
- -0.5%
- Sharpe
- 0.89
- 3Y win
- +56%
- Lower volatility
- Higher trailing returns
Caveat: Deeper drawdown · Higher TER
Bajaj Finserv Arbitrage Fund
Bajaj Finserv Mutual Fund
- 1Y
- +6.4%
- 3Y
- +6.9%
- Vol
- 1.1%
- Max DD
- -0.4%
- Sharpe
- 0.87
- 3Y win
- 0%
- Lower volatility
- Higher trailing returns
Caveat: Deeper drawdown · Higher TER
BANDHAN Arbitrage Fund
Bandhan Mutual Fund
- 1Y
- +6.4%
- 3Y
- +7.2%
- Vol
- 1.0%
- Max DD
- -0.7%
- Sharpe
- 0.91
- 3Y win
- +60%
- Lower volatility
- Higher trailing returns
Caveat: Deeper drawdown · Higher TER