Insufficient historyDirect · GrowthToo thin to judge
Zerodha Arbitrage Fund
Zerodha Mutual FundHybrid Schemes - Arbitrage Fund0.2 years
The scheme seeks to generate income and capital appreciation by investing in arbitrage opportunities in the cash and derivatives segments of the equity market, including opportunities within the derivatives segment, and by investing the remaining portion in debt and money market instruments.
- NAV
- 10.1136
- 28 Oct 2026
- 1Y
- n/a
- Trailing CAGR
- AUM
- ₹46.72 Cr
- 30 Sept 2026
- Volatility
- n/a
- History still thin
Buying brief
Should you add this fund?
Evidence on this desk, framed as a purchase checklist - not SEBI-registered advice.
As of 28 Oct 2026
Stance
Too thin to judge
History is short. Lean on older peers or a low-cost index until more evidence lands.
In three lines
Watch if · History is short. Lean on older peers or a low-cost index until more evidence lands.
Watch if · Fewer than 60 daily observations; risk ratios are withheld.
Prefer peers if · Compare HSBC Arbitrage Fund - it has enough history to inspect beside this fund.
Buy checklist
History depth
Fail
0.2 years - thin for judging consistency.
Engine status
n/a
History is short. Lean on older peers or a low-cost index until more evidence lands.
Expense ratio
Watch
2.31% 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
n/a
Category relative read still thin.
Manager tenure
Watch
Kedarnath Mirajkar · 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 ≈ 131.7% 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
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
- 1Yn/a
- 3Yn/a
- 5Yn/a
- 10Yn/a
- SI+6.1%
SIP XIRR
Equal monthly instalments to latest NAV
- 1Yn/a
- 3Yn/a
- 5Yn/a
- 10Yn/a
- Since inception
- +6.1%
- Calendar-day CAGR
- Excess 1Y
- n/a
- 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
- -0.3%
- Worst peak-to-trough
- Current
- -0.1%
- Below last peak
- Current spell
- 5 days
- Days below latest peak
- Time below peak
- +68%
- NAV observations
Drawdown
Path not in current snapshots
n/a
- Average recovery
- 4 days
- 7 recovered episodes
- Longest recovery
- 14 days
- Trough to prior peak
31 Aug 2026 – 18 Sept 2026
Trough 4 Sept 2026 · recovered in 14 days
-0.3%
25 Aug 2026 – 28 Aug 2026
Trough 26 Aug 2026 · recovered in 2 days
-0.3%
18 Sept 2026 – 1 Oct 2026
Trough 29 Sept 2026 · recovered in 2 days
-0.2%
12 Oct 2026 – 15 Oct 2026
Trough 13 Oct 2026 · recovered in 2 days
-0.2%
Dimensions
0–100 reads of named metrics. The mean is unweighted and only uses dimensions with data.
Returns
n/a
Vs category
n/a
Consistency
n/a
Risk-adjusted
n/a
Drawdown
99
Mean
n/a
Decision
Quantitative engine reasons behind the buying stance. An explanation can only restate what is already here.
Insufficient history
Buying stance
Too thin to judge
History is short. Lean on older peers or a low-cost index until more evidence lands.
Why this status
No status reasons yet. History is still thin.
Supporting reads
No supporting reads in the current evidence set.
Fewer than 60 daily observations; risk ratios are withheld.
Portfolio
30 Sept 2026 · 53 holdings · top 10 are 131.7%.
- Top 5
- 115.5%
- Top 10
- 131.7%
- Largest holding
- 68.9%
- Effective holdings
- 1.8
Cash Margin
Unspecified
68.9%
Reverse Repo
Unspecified
15.4%
HSBC Liquid Fund Direct-Growth
Unspecified
12.9%
GOVERNMENT OF INDIA 37832 364 DAYS TBILL 12AG27 FV RS 100
Financial
10.2%
HDFC Bank Ltd
Financial
8.2%
Worth investigating
Same-category peers with enough history to inspect beside this fund - including tradeoffs.
HSBC Arbitrage Fund
HSBC Mutual Fund
- 1Y
- +6.5%
- 3Y
- +7.1%
- Vol
- 1.1%
- Max DD
- -0.3%
- Sharpe
- 1.26
- 3Y win
- +6%
- Shallower drawdown
- Lower TER
Axis Arbitrage Fund
Axis Mutual Fund
- 1Y
- +6.6%
- 3Y
- +7.3%
- Vol
- 1.0%
- Max DD
- -0.6%
- Sharpe
- 0.67
- 3Y win
- +88%
- Lower TER
Caveat: Deeper drawdown
ICICI Prudential Arbitrage Fund
ICICI Prudential Mutual Fund
- 1Y
- +6.5%
- 3Y
- +7.2%
- Vol
- 1.1%
- Max DD
- -0.6%
- Sharpe
- 0.97
- 3Y win
- +73%
- Lower TER
Caveat: Deeper drawdown
Invesco India Arbitrage Fund
Invesco Mutual Fund
- 1Y
- +6.8%
- 3Y
- +7.4%
- Vol
- 1.0%
- Max DD
- -0.5%
- Sharpe
- 0.93
- 3Y win
- +63%
- Lower TER
Caveat: Deeper drawdown
JM Arbitrage Fund
JM Financial Mutual Fund
- 1Y
- +6.4%
- 3Y
- +6.9%
- Vol
- 1.1%
- Max DD
- -0.5%
- Sharpe
- 0.42
- 3Y win
- +12%
- Lower TER
Caveat: Deeper drawdown