Arbitrage · Hybrid

LIC MF Arbitrage Fund

LIC Mutual Fund Asset Management Limited

Benchmark

Nifty 50 Arbitrage Index

Riskometer

Low

Size

₹310 cr

Allotted

25 Jan 2019

Holdings as of

30 Sep 2026

LIC MF Arbitrage Fund is a arbitrage fund of LIC Mutual Fund Asset Management Limited with ₹310 cr under management. It is ahead of its benchmark (Nifty 50 Arbitrage Index) in 0 of 3 periods. Its direct plan charges 1.04% a year. Sumit Bhatnagar has managed it for 3.0 years.

Has LIC MF Arbitrage Fund beaten its benchmark?

Ahead of its benchmark, Nifty 50 Arbitrage Index, in 0 of 3 periods in AMFI's figures; +6.59% over the last year against +7.01%.

Period returns

Direct Plan, growth · 3y and longer a year

Period	Fund	Nifty 500 TRI	Ahead
1 month	+0.55%	−3.60%	—
3 months	+1.49%	−5.03%	—
6 months	+3.08%	−1.83%	—
1 year	+6.59%	−4.06%	+10.65 pts
3 years	+7.06%	+9.27%	−2.21 pts
5 years	+6.61%	+8.00%	−1.39 pts
10 years	—	+12.69%	—
Since start from 28 Jan 2019	+5.96%	—	—

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.

Period	Direct	Regular	Benchmark	Ahead	Rank
1y	+6.59%	+5.91%	+7.01%	−0.42	🔒
3y	+7.03%	+6.33%	+7.30%	−0.27	🔒
5y	+6.60%	+5.85%	+6.68%	−0.08	🔒
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

Jan 2019 to 14 Oct 2026

Fund 156Nifty 500 TRI 265

₹100 put in at the start of Jan 2019 would be ₹156 on 14 Oct 2026, against ₹265 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 LIC MF Arbitrage Fund cost?

1.04% a year on the direct plan, 1.62% on the regular plan; 3 of 40 funds in its category charge less.

Direct plan

1.04% a year

Category median 1.44%

Regular plan

1.62% a year

Category median 2.07%

Gap

0.58 points

for the same holdings

3 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 LIC MF Arbitrage Fund?

Sumit Bhatnagar, since 3 Oct 2023; Sasikant Aravamuthan, since 1 Jul 2026; Pratik Harish Shroff, since 26 Sep 2023.

Sumit Bhatnagar

3.0 years

since 3 Oct 2023

Sasikant Aravamuthan

0.3 years

since 1 Jul 2026

Pratik Harish Shroff

3.0 years

since 26 Sep 2023

Benchmark as filedNifty 50 Arbitrage Index

Exit load

For redemption/switch out of units on or before 1 month from the date of allotment: 0.25% of applicable NAV., For redemption/switch out of units after 1 month from the date of allotment: Nil

From 2 Scheme Summary Documents filed with NSE, first on 5 Jul 2026; as on 31 Aug 2026

What does LIC MF Arbitrage Fund hold?

37 holdings as of 30 Sep 2026; the ten largest are 77.0% of the fund, the largest HDFC Bank Ltd. at 8.8%.

Mix

Holdings as of 30 Sep 2026

Equity67.4%Debt0.0%Cash3.7%Other28.9%

Holdings

33 shares

Top ten

77.0%

of the fund

Effective holdings

13.3

spread, as if equal-weighted

Matched to our table

100%

of the equity

Five largest

% of fund

HDFC Bank Ltd.8.80%

ICICI Bank Ltd.7.23%

Hindalco Industries Ltd.6.66%

State Bank of India6.33%

Reliance Industries Ltd.5.98%

Five largest industries

% of fund

Banks43.3%

Non - Ferrous Metals9.90%

Petroleum Products8.90%

Telecom - Services7.90%

Ferrous Metals7.90%

By company size

% of equity · SEBI size lists

Large Cap94.8%Mid Cap5.0%Small Cap0.2%

How does LIC MF 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 LIC MF 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 50: 47% of it differs from the index (an active fund is usually above 60%).

Active share 46.6%60%

Funds that hold much the same

% of holdings in common

DSP BSE SENSEX ETF58.6% the same

17 shared holdings

HDFC BSE SENSEX ETF58.6% the same

17 shared holdings

HDFC BSE Sensex Index Fund58.6% the same

17 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 LIC MF Arbitrage Fund?

Sumit Bhatnagar (manager) since 3 Oct 2023; Sasikant Aravamuthan (manager) since 1 Jul 2026; Pratik Harish Shroff (manager) since 26 Sep 2023.

What is the expense ratio of LIC MF Arbitrage Fund?

1.04% a year on the direct plan and 1.62% on the regular plan (expense report, Oct 2026).

How has LIC MF Arbitrage Fund done?

Its direct plan returned +7.03% a year over 3 years against +7.30% for its benchmark, Nifty 50 Arbitrage Index, as of 13 Oct 2026.