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Arbitrage · Hybrid

ITI Arbitrage Fund

ITI Asset Management Limited
Benchmark
Nifty 50 Arbitrage Index
Riskometer
Low
Size
₹67 cr
Allotted
Not on record
Holdings as of
30 Sep 2026

ITI Arbitrage Fund is a arbitrage fund of ITI Asset Management Limited with ₹67 cr under management. It is ahead of its benchmark (Nifty 50 Arbitrage Index) in 0 of 3 periods. Its direct plan charges 1.10% a year. Vikas Nathani has managed it for 2.8 years.

Has ITI Arbitrage Fund beaten its benchmark?

Ahead of its benchmark, Nifty 50 Arbitrage Index, in 0 of 3 periods in AMFI's figures; +6.40% over the last year against +7.01%.

Period returns

Direct Plan, growth · 3y and longer a year
PeriodFundNifty 500 TRIAhead
1 month+0.60% −3.60% —
3 months+1.39% −5.03% —
6 months+2.68% −1.83% —
1 year+6.31% −4.06% +10.37 pts
3 years+7.22% +9.27% −2.05 pts
5 years+6.24% +8.00% −1.76 pts
10 years— +12.69% —
Since start
from 12 Sep 2019
+5.51%——
Valarth price history to 14 Oct 2026 · 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 0 of 3 periods.
PeriodDirectRegularBenchmarkAheadRank
1y +6.40%+5.65%+7.01% −0.61 🔒
3y +7.18%+6.41%+7.30% −0.12 🔒
5y +6.22%+5.44%+6.68% −0.46 🔒
10y ——— — —
Ahead in points a year · its rank among Arbitrage funds, and how steady the lead is, in the app

Value of 100, month-end

Sep 2019 to 14 Oct 2026
50100150200250300 202120232025
Fund 146Nifty 500 TRI 253

₹100 put in at the start of Sep 2019 would be ₹146 on 14 Oct 2026, against ₹253 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 ITI Arbitrage Fund cost?

1.10% a year on the direct plan, 1.80% on the regular plan; 7 of 40 funds in its category charge less.

Direct plan
1.10% a year
Category median 1.44%
Regular plan
1.80% a year
Category median 2.07%
Gap
0.70 points
for the same holdings
7 of 40 funds in its category charge less on the direct plan.
Expense report, Oct 2026 · Hybrid Scheme - 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 ITI Arbitrage Fund?

Vikas Nathani, since 1 Jan 2024; Animesh Singh, since 1 Jan 2024; Laukik Bagwe, since 1 Jan 2024.

Vikas Nathani
2.8 years
since 1 Jan 2024
Animesh Singh
2.8 years
since 1 Jan 2024
Laukik Bagwe
2.8 years
since 1 Jan 2024
Benchmark as filedNifty 50 Arbitrage Index
Exit load
10% of the units allotted may be redeemed without any exit load, on or before completion of 15 days from the date of allotment of units. Any redemption in excess of such limit in the first 15 days from the date of allotment shall be subject to the following exit load: i. 0.25% if redeemed or switched out on or before completion of 15 days from the date of allotment of units ii. Nil, if redeemed or switched out after completion of 15 days from the date of allotment of units.
From 7 Scheme Summary Documents filed with NSE, first on 29 Apr 2026; as on 29 Sep 2026

What does ITI Arbitrage Fund hold?

32 holdings as of 30 Sep 2026; the ten largest are 52.8% of the fund, the largest One 97 Communications Limited at 8.8%.

Mix

Holdings as of 30 Sep 2026
Equity65.3%Debt0.0%Cash19.8%Other14.8%
Holdings
32
29 shares
Top ten
52.8%
of the fund
Effective holdings
18.1
spread, as if equal-weighted
Matched to our table
100%
of the equity

Five largest

% of fund
One 97 Communications Limited8.83%
HDFC Bank Limited5.69%
Cummins India Limited4.56%
Power Finance Corporation Limited4.44%
Adani Ports and Special Economic Zone Limited3.56%

Five largest industries

% of fund
Banks23.5%
Financial Technology (Fintech)13.5%
Finance12.7%
Industrial Products7.00%
Insurance6.80%

By company size

% of equity · SEBI size lists
Large Cap54.1%Mid Cap41.4%Small Cap4.5%

How does ITI 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 ITI 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.

not an index tracker
Nearest to the Nifty 50: 81% of it differs from the index (an active fund is usually above 60%).
Active share 80.9%60%

Funds that hold much the same

% of holdings in common
SAMCO ARBITRAGE FUND29.6% the same
6 shared holdings
Motilal Oswal Arbitrage Fund27.5% the same
20 shared holdings
TATA BALANCED ADVANTAGE FUND25.9% the same
13 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 ITI Arbitrage Fund?

Vikas Nathani (manager) since 1 Jan 2024; Animesh Singh (manager) since 1 Jan 2024; Laukik Bagwe (manager) since 1 Jan 2024.

What is the expense ratio of ITI Arbitrage Fund?

1.10% a year on the direct plan and 1.80% on the regular plan (expense report, Oct 2026).

How has ITI Arbitrage Fund done?

Its direct plan returned +7.18% a year over 3 years against +7.30% for its benchmark, Nifty 50 Arbitrage Index, as of 13 Oct 2026.

Inside the app

See ITI Arbitrage Fund beside your own funds in Valarth

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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.

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

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