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Arbitrage · Hybrid

Parag Parikh Arbitrage Fund

PPFAS Asset Management Pvt. Ltd.
Benchmark
Nifty 50 Arbitrage TRI
Riskometer
Low
Size
₹2,747 cr
Allotted
2 Nov 2023
Holdings as of
30 Sep 2026

Parag Parikh Arbitrage Fund is a arbitrage fund of PPFAS Asset Management Pvt. Ltd. with ₹2,747 cr under management. It is ahead of its benchmark (Nifty 50 Arbitrage TRI) in 0 of 1 periods. Its direct plan charges 0.99% a year. Rajeev Thakkar has managed it for 3.0 years.

Has Parag Parikh Arbitrage Fund beaten its benchmark?

Ahead of its benchmark, Nifty 50 Arbitrage TRI, in 0 of 1 periods in AMFI's figures; +6.31% over the last year against +7.01%.

Period returns

Direct Plan, growth · 3y and longer a year
PeriodFundNifty 500 TRIAhead
1 month+0.57% −3.60% —
3 months+1.45% −5.03% —
6 months+2.95% −1.83% —
1 year+6.37% −4.06% +10.43 pts
3 years— +9.27% —
5 years— +8.00% —
10 years— +12.69% —
Since start
from 3 Nov 2023
+6.93%——
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 TRI) in 0 of 1 periods.
PeriodDirectRegularBenchmarkAheadRank
1y +6.31%+5.92%+7.01% −0.70 🔒
3y ——— — —
5y ——— — —
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

Nov 2023 to 14 Oct 2026
100150 2025
Fund 121Nifty 500 TRI 126

₹100 put in at the start of Nov 2023 would be ₹121 on 14 Oct 2026, against ₹126 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 Parag Parikh Arbitrage Fund cost?

0.99% a year on the direct plan, 1.39% on the regular plan; 1 of 40 funds in its category charge less.

Direct plan
0.99% a year
Category median 1.44%
Regular plan
1.39% a year
Category median 2.07%
Gap
0.40 points
for the same holdings
1 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 Parag Parikh Arbitrage Fund?

Rajeev Thakkar, since 2 Nov 2023; Raunak Onkar, since 2 Nov 2023; Rukun Tarachandani, since 2 Nov 2023.

Rajeev Thakkar
3.0 years
since 2 Nov 2023
Raunak Onkar
3.0 years
since 2 Nov 2023
Rukun Tarachandani
3.0 years
since 2 Nov 2023
And 3 more; every manager, the other funds each runs and the changes over time are in the app.
Benchmark as filedNIFTY 50 Arbitrage Total Return Index (TRI)
Exit load
In respect of each purchase / switch-in of units, an Exit Load of 0.25% is payable if Units are redeemed/ switched-out within 30 days from the date of allotment. No Exit Load is payable if Units are redeemed / switched-out after 30 days from the date of allotment. Any exit load charged (net off GST, if any) shall be credited back to the Scheme.
From 34 Scheme Summary Documents filed with NSE, first on 14 Apr 2026; as on 8 Sep 2026

What does Parag Parikh Arbitrage Fund hold?

87 holdings as of 30 Sep 2026; the ten largest are 52.4% of the fund, the largest HDFC Bank Limited at 6.4%.

Mix

Holdings as of 30 Sep 2026
Equity67.5%Debt18.0%Cash3.8%Other10.7%
Holdings
87
72 shares
Top ten
52.4%
of the fund
Effective holdings
20.1
spread, as if equal-weighted
Matched to our table
100%
of the equity

Five largest

% of fund
HDFC Bank Limited6.38%
ICICI Bank Limited6.17%
Canara Bank5.28%
Reliance Industries Limited4.80%
Axis Bank Limited4.51%

Five largest industries

% of fund
Banks50.6%
Petroleum Products7.20%
Telecom - Services7.10%
Electrical Equipment4.50%
Ferrous Metals4.00%

By company size

% of equity · SEBI size lists
Large Cap85.1%Mid Cap10.9%Small Cap4.0%

How does Parag Parikh 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 Parag Parikh 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 47.3%60%

Funds that hold much the same

% of holdings in common
Mahindra Manulife Arbitrage Fund61.2% the same
27 shared holdings
HDFC Arbitrage Fund60.0% the same
70 shared holdings
UTI - Arbitrage Fund57.7% the same
63 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 Parag Parikh Arbitrage Fund?

Rajeev Thakkar (manager) since 2 Nov 2023; Raunak Onkar (manager) since 2 Nov 2023; Rukun Tarachandani (manager) since 2 Nov 2023; Raj Mehta (manager) since 2 Nov 2023; Tejas Soman (manager) since 2 Nov 2023; Aishwarya Dhar (manager) since 2 Nov 2023.

What is the expense ratio of Parag Parikh Arbitrage Fund?

0.99% a year on the direct plan and 1.39% on the regular plan (expense report, Oct 2026).

Inside the app

See Parag Parikh 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.

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

See the full analysis in the app →See pricing
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