HealthyDirect · GrowthFit for a long SIP
Tata Arbitrage Fund
Tata Mutual FundHybrid Scheme - Arbitrage Fund7.9 years
The Scheme seeks to generate reasonable returns by investing predominantly in arbitrage opportunities in the cash and derivatives segments of the equity markets and by investing balance in debt and money market instruments.
- NAV
- 16.4618
- 30 Oct 2026
- 1Y
- +6.8%
- Trailing CAGR
- AUM
- ₹24,539.33 Cr
- 30 Sept 2026
- Volatility
- Low
- 1.0% 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
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 3-year windows.
Fits if · Three-year return is above the category median.
Buy checklist
History depth
Pass
7.9 years of path to read.
Engine status
Pass
Evidence supports keeping this on a shortlist for a multi-year equity SIP.
Expense ratio
Watch
1.57% 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
Pass
100% of rolling 3Y windows beat the category median, same plan and option.
Manager tenure
Pass
Sailesh Jain · 7.9 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 ≈ 102.4% 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 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
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%
- 3Y+7.4%
- 5Y+6.9%
- 10Yn/a
- SI+6.5%
SIP XIRR
Equal monthly instalments to latest NAV
- 1Y+6.7%
- 3Y+7.1%
- 5Y+7.2%
- 10Yn/a
- Since inception
- +6.5%
- Calendar-day CAGR
- Excess 1Y
- +0.2%
- Category median, same plan and option
- 3Y win rate
- +100%
- Windows beating the median
- 3Y percentile
- 100
- Vs comparable share classes
- SIP 3Y XIRR
- +7.1%
- Simulated monthly SIP
- Worst rolling 3Y
- +4.8%
- 1201 daily-ending windows
- Median rolling 3Y
- +6.3%
- Calendar-day CAGR
- Positive rolling 5Y
- +100%
- 708 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
- -0.0%
- Below last peak
- Current spell
- 7 days
- Days below latest peak
- Time below peak
- +44%
- NAV observations
Drawdown
Path not in current snapshots
n/a
- Average recovery
- 2 days
- 415 recovered episodes
- Longest recovery
- 51 days
- Trough to prior peak
29 May 2020 – 24 Jul 2020
Trough 3 Jun 2020 · recovered in 51 days
-0.6%
19 Mar 2020 – 27 Mar 2020
Trough 25 Mar 2020 · recovered in 2 days
-0.5%
3 Aug 2026 – 24 Aug 2026
Trough 6 Aug 2026 · recovered in 18 days
-0.4%
1 Sept 2026 – 10 Sept 2026
Trough 4 Sept 2026 · recovered in 6 days
-0.3%
Dimensions
0–100 reads of named metrics. The mean is unweighted and only uses dimensions with data.
Returns
100
Vs category
51
Consistency
100
Risk-adjusted
52
Drawdown
99
Mean
80
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 3-year windows.
- Three-year return is above the category median.
- Risk-adjusted return sits above the documented risk-free proxy.
- Peak-to-trough drawdown has stayed shallower than 15%.
Portfolio
30 Sept 2026 · 184 holdings · top 10 are 102.4%.
- Top 5
- 93.6%
- Top 10
- 102.4%
- Largest holding
- 65.0%
- Effective holdings
- 2.2
Cash Margin
Unspecified
65.0%
Tata Liquid Fund Direct-Growth
Unspecified
12.0%
HDFC Bank Ltd
Financial
7.9%
ICICI Bank Ltd
Financial
4.3%
Reliance Industries Ltd
Energy & Utilities
4.3%
Worth investigating
Same-category peers with enough history to inspect beside this fund - including tradeoffs.
Edelweiss Arbitrage Fund
Edelweiss Mutual Fund
- 1Y
- +6.7%
- 3Y
- +7.4%
- Vol
- 1.0%
- Max DD
- -0.5%
- Sharpe
- 0.84
- 3Y win
- +100%
- Lower volatility
- Shallower drawdown
- Higher win rate vs category
- Lower TER
Caveat: Lower trailing returns
quant Arbitrage Fund
quant Mutual Fund
- 1Y
- +7.6%
- 3Y
- n/a
- Vol
- 1.3%
- Max DD
- -0.4%
- Sharpe
- 1.02
- 3Y win
- n/a
- Shallower drawdown
- Higher win rate vs category
- Higher trailing returns
Caveat: Higher volatility · Higher TER
Franklin India Arbitrage Fund
Franklin Templeton Mutual Fund
- 1Y
- +7.1%
- 3Y
- n/a
- Vol
- 1.2%
- Max DD
- -0.4%
- Sharpe
- 0.88
- 3Y win
- n/a
- Shallower drawdown
- Higher win rate vs category
- Lower TER
Caveat: Higher volatility · Lower trailing returns
Motilal Oswal Arbitrage Fund
Motilal Oswal Mutual Fund
- 1Y
- +7.0%
- 3Y
- n/a
- Vol
- 1.2%
- Max DD
- -0.4%
- Sharpe
- 0.93
- 3Y win
- n/a
- Shallower drawdown
- Higher win rate vs category
- Lower TER
Caveat: Higher volatility · Lower trailing returns
ADITYA BIRLA SUN LIFE ARBITRAGE FUND
Aditya Birla Sun Life Mutual Fund
- 1Y
- +6.8%
- 3Y
- +7.4%
- Vol
- 1.1%
- Max DD
- -0.5%
- Sharpe
- 0.90
- 3Y win
- +56%
- Shallower drawdown
- Lower TER
Caveat: Higher volatility · Lower trailing returns