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Arbitrage · Hybrid

ICICI Prudential Arbitrage Fund

ICICI Prudential Asset Management Company Limited
Benchmark
Nifty 50 Arbitrage Index
Riskometer
Low
Size
₹35,377 cr
Allotted
30 Dec 2006
Holdings as of
30 Sep 2026

ICICI Prudential Arbitrage Fund is a arbitrage fund of ICICI Prudential Asset Management Company Limited with ₹35,377 cr under management. It is ahead of its benchmark (Nifty 50 Arbitrage Index) in 2 of 4 periods. Its direct plan charges 1.63% a year. Nikhil Kabra has managed it for 5.8 years.

Has ICICI Prudential Arbitrage Fund beaten its benchmark?

Ahead of its benchmark, Nifty 50 Arbitrage Index, in 2 of 4 periods in AMFI's figures; +6.51% over the last year against +7.01%.

Period returns

Direct Plan, growth · 3y and longer a year
PeriodFundNifty 500 TRIAhead
1 month+1.11% −3.60% —
3 months+1.67% −5.03% —
6 months+3.01% −1.83% —
1 year+6.49% −4.06% +10.55 pts
3 years+6.06% +9.27% −3.21 pts
5 years+6.22% +8.00% −1.78 pts
10 years+7.59% +12.69% −5.10 pts
Since start
from 1 Jan 2007
+7.55%——
Valarth price history to 24 Apr 2020 · the index is the one the fund is nearest; — not on record

Official figures

AMFI performance feed, 13 Oct 2026
Ahead of its benchmark (Nifty 50 Arbitrage Index) in 2 of 4 periods.
PeriodDirectRegularBenchmarkAheadRank
1y +6.51%+5.96%+7.01% −0.50 🔒
3y +7.23%+6.64%+7.30% −0.07 🔒
5y +6.75%+6.15%+6.68% +0.07 🔒
10y +6.31%+5.71%+5.57% +0.74 🔒
Ahead in points a year · its rank among Arbitrage funds, and how steady the lead is, in the app

Value of 100, month-end

Apr 2010 to 24 Apr 2020
50100150200250300 20112013201520172019
Fund 208Nifty 500 TRI 206

₹100 put in at the start of Apr 2010 would be ₹208 on 24 Apr 2020, against ₹206 in the Nifty 500 TRI.

Risk, falls and every year

🔒 Pro
Its worst fall and how long it took to recover, three-year stretches, Sharpe, beta and capture ratios, calendar years beside the index, and money in and out: in the app.
See them in the app →

What does ICICI Prudential Arbitrage Fund cost?

1.63% a year on the direct plan, 2.16% on the regular plan; 29 of 40 funds in its category charge less.

Direct plan
1.63% a year
Category median 1.44%
Regular plan
2.16% a year
Category median 2.07%
Gap
0.53 points
for the same holdings
29 of 40 funds in its category charge less on the direct plan.
Expense report, Oct 2026 · Hybrid Schemes - Arbitrage Fund

What the regular plan costs you over time

🔒 Pro
The same money left for years in the direct and the regular plan, side by side, and what the commission takes: in the app.

Who manages ICICI Prudential Arbitrage Fund?

Archana Nair, since 1 Feb 2024; Nikhil Kabra, since 1 Jan 2021; Ajaykumar Solanki, since 23 Aug 2024.

Archana Nair
Comanage
2.7 years
since 1 Feb 2024
Nikhil Kabra
Comanage
5.8 years
since 1 Jan 2021
Ajaykumar Solanki
Comanage
2.1 years
since 23 Aug 2024
And 1 more; every manager, the other funds each runs and the changes over time are in the app.
Benchmark as filedNifty 50 Arbitrage Index
Exit load
0.25% of the applicable NAV If units purchased or switched in from another scheme of the Fund are redeemed or switched out within 15 days from the date of allotment NIL If units purchased or switched in from another scheme of the Fund are redeemed or switched out after 15 days from the date of allotment
From 2 Scheme Summary Documents filed with NSE, first on 26 May 2026; as on 30 Jul 2026

What does ICICI Prudential Arbitrage Fund hold?

194 holdings as of 30 Sep 2026; the ten largest are 38.5% of the fund, the largest Reliance Industries Ltd. at 4.4%.

Mix

Holdings as of 30 Sep 2026
Equity71.1%Debt11.9%Cash2.0%Other15.0%
Holdings
194
168 shares
Top ten
38.5%
of the fund
Effective holdings
51.7
spread, as if equal-weighted
Matched to our table
100%
of the equity

Five largest

% of fund
Reliance Industries Ltd.4.44%
HDFC Bank Ltd.3.36%
Vodafone Idea Ltd.2.99%
Axis Bank Ltd.2.94%
State Bank Of India2.35%

Five largest industries

% of fund
Banks20.3%
Finance8.60%
Telecom - Services7.50%
Petroleum Products7.10%
Power6.40%

By company size

% of equity · SEBI size lists
Large Cap76.2%Mid Cap20.7%Small Cap3.2%

How does ICICI Prudential Arbitrage Fund score against its category?

Seven scores against funds of its kind, and the warning signs it trips.

Scorecard

🔒 Pro
Seven scores, each out of 5, against funds in its category, with the reasons, and the warning signs it trips: in the app.
Open scorecard in the app →

Are the companies inside any good?

The holdings by valuation, forensic risk, business quality and balance sheet, weighted by their share of the fund.

The companies inside

🔒 Pro
The holdings weighted by their share of the fund: P/E and ROE, forensic risk levels, Valarth's valuation view, quality, moats, balance sheets and who owns them: in the app.

How is ICICI Prudential Arbitrage Fund run?

Turnover, what it bought and sold, its cash and its record in new listings, from its monthly holdings files.

How it is run

🔒 Pro
Turnover, what it bought and sold and when, how long it holds, size drift, cash and its record in new listings, from up to two years of monthly holdings files: in the app.

Which funds hold much the same?

The index it is nearest and the funds whose holdings overlap most.

Moves with its indexnot an index tracker
Nearest to the Nifty 500: 47% of it differs from the index (an active fund is usually above 60%).
Active share 47.0%60%

Funds that hold much the same

% of holdings in common
SBI Arbitrage Fund (Erstwhile known as SBI Arbitrage Opportunities Fund)75.8% the same
165 shared holdings
Bandhan Arbitrage Fund73.0% the same
149 shared holdings
Nippon India Arbitrage Fund71.4% the same
148 shared holdings

How much is in its sponsor's own group?

Holdings in companies of the fund house's sponsor group, beside the index.

Related-party exposure

🔒 Pro
How much of the fund is in companies of its sponsor's own group, beside what the index holds of them: in the app.

Questions people ask

Who manages ICICI Prudential Arbitrage Fund?

Archana Nair (Comanage) since 1 Feb 2024; Nikhil Kabra (Comanage) since 1 Jan 2021; Ajaykumar Solanki (Comanage) since 23 Aug 2024; Darshil Dedhia (Comanage) since 13 Sep 2024.

What is the expense ratio of ICICI Prudential Arbitrage Fund?

1.63% a year on the direct plan and 2.16% on the regular plan (expense report, Oct 2026).

How has ICICI Prudential Arbitrage Fund done?

Its direct plan returned +7.23% a year over 3 years against +7.30% for its benchmark, Nifty 50 Arbitrage Index, as of 13 Oct 2026.

Inside the app

See ICICI Prudential Arbitrage Fund beside your own funds in Valarth

Start freeStart free
A Valarth stock page: the share price with its chart and 52-week range, valuation and profitability figures, and a scorecard of health checks.
Stock pagePrice, valuation, profitability and a scorecard of health checks for every company, each figure explained.
The Valarth stock screener: a table of companies with price, market cap, P/E, P/B, PEG, EPS and ROE, and filters down the left.
ScreenerEvery listed company, filtered on 212 figures, each with a plain-language lesson beside it.
The Valarth AI Screener answering 'Which companies will benefit from India's Project 75 submarine programme?' with a basket of four naval shipbuilders and a written thesis.
AI ScreenerAsk a question in plain English, like which companies benefit from India's Project 75. It reads the intent, builds the screen and writes the thesis.
A Valarth business-model card for State Bank of India, with a plain-language summary and statements verified against the filing.
Business modelHow a company makes money and what can hurt it, each statement checked against its annual report.
Valarth's Before the Bell edition, with the day's headline, regulator notes and sector moves.
Before the BellA morning edition before the market opens: what moved, which rule changed, and what it means for your holdings.

ICICI Prudential Arbitrage Fund in the app: beside your own funds, with what you own through them

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