
HSBC Arbitrage Fund Direct Growth
HSBC Arbitrage Fund Direct Growth
as on 03 Nov 2026
HSBC Arbitrage Fund Direct Growth is a Hybrid mutual fund scheme launched on 30 Jun 2014. The current NAV stands at ₹22.1318 as of 03 Nov 2026. From the funds total AUM, its top holdings include Cash Offset For Derivatives at 72.62%, HSBC Money Market Dir Gr at 17.15%, Icici Bank Limited at 6.14%, ICICI Bank at 6.08%, HDFC Bank at 5.52%
Scheme Overview
- Inception Date : 30 Jun 2014
- AUM : ₹3,633.25 Cr
- 5Y Returns (CAGR) : 6.72%
- Expense Ratio : 1.47%
- Min. SIP : ₹500
- Min. Lumpsum : ₹5,000
Returns Calculator
basis annualised returns
Investment Type
SIP Amount
Investment Period
5Y
₹ 32.73 L
3.50%
₹ 36.98 L
8.00%
₹ 35.74 L
6.72%
Total Investment
₹ 30,00,000
Returns
₹ 5,73,723 (6.72%)
Maturity Value
₹ 35,73,723
Disclaimer: Fixed deposits offer guaranteed returns. Mutual fund investments carry market risks; read all scheme-related documents carefully. Past performance does not guarantee future returns.
Direct vs Regular Returns
Sorry, No Data Available at this Moment!
Returns vs Category
Sorry, No Data Available at this Moment!
*The above returns are absolute
Returns Vs Nifty 50
Historical Returns
Sorry, No Data Available at this Moment!
Start SIP with as Low as ₹100.
Historical NAV
Sorry, No Data Available at this Moment!
Asset Allocation
AUM
₹ 3,633.25 Cr
Cash Holding
-
Equity
-
Cash
-
Debt
-
Other
-
Asset Allocation
AUM
₹3,633.25 Cr
Cash Holding
-
Equity
-
Cash
-
Debt
-
Other
-
Sector Holdings
as of 31 May 2026
| Sectors | Allocation | Weightage | Value (in Cr.) |
|---|---|---|---|
| Financial Services | 36.87% | ||
| Other | 28.07% | ||
| Basic Materials | 9.34% | ||
| Utilities | 4.36% | ||
| Industrials | 4.33% | ||
| Healthcare | 4.11% | ||
| Consumer Cyclical | 3.38% | ||
| Energy | 3.09% | ||
| Real Estate | 2.82% | ||
| Consumer Defensive | 2.77% | ||
| Communication Services | 0.82% | ||
| Technology | 0.05% |
Stock Holdings
as of 31 May 2026
| Name | Allocation | Weightage |
|---|---|---|
![]() C Cash Offset For Derivatives | 72.62% | |
![]() H HSBC Money Market Dir Gr | 17.15% | |
![]() I Icici Bank Limited | 6.14% | |
![]() I ICICI Bank | 6.08% | |
![]() H HDFC Bank | 5.52% | |
![]() H Hdfc Bank Limited | 5.49% | |
![]() B Bandhan Bank Limited | 4.12% | |
![]() B Bandhan Bank | 4.07% | |
![]() S Steel Authority Of India Limited | 3.90% | |
![]() S Steel Authority of India | 3.86% | |
![]() R Rbl Bank Limited | 3.35% | |
![]() R RBL Bank | 3.32% | |
![]() H HSBC Ultra S/D Gr Dir | 3.31% | |
![]() A Adani Energy Solutions Limited | 2.82% | |
![]() A Adani Energy Solutions | 2.79% | |
![]() N Nmdc Limited | 2.75% | |
![]() N NMDC | 2.71% | |
![]() I Indian Bank | 2.68% | |
![]() Y Yes Bank Ltd | 2.28% | |
![]() Y Yes Bank | 2.25% | |
![]() A Axis Bank Limited | 2.18% | |
![]() A Axis Bank | 2.16% | |
![]() R Reliance Industries Limited | 2.07% | |
![]() R Reliance Industries | 2.06% | |
![]() G Godrej Properties Limited | 1.95% | |
![]() G Godrej Properties | 1.93% | |
![]() E Eternal Limited | 1.69% | |
![]() E Eternal | 1.67% | |
![]() J Jio Financial Services Limited | 1.66% | |
![]() J Jsw Steel Limited | 1.64% | |
![]() J Jio Financial Services | 1.64% | |
![]() J JSW Steel | 1.62% | |
![]() I Itc Limited | 1.58% | |
![]() I ITC | 1.57% | |
![]() S State Bank Of India | 1.51% | |
![]() S State Bank of India | 1.50% | |
![]() N Nbcc (India) Limited | 1.49% | |
![]() N NBCC | 1.47% | |
![]() H Hdfc Asset Management Company Limited | 1.35% | |
![]() H HDFC AMC | 1.33% | |
![]() P Punjab National Bank | 1.25% | |
![]() P Punjab National Bank | 1.23% | |
![]() G Glenmark Pharmaceuticals Limited | 1.23% | |
![]() A Adani Power Limited | 1.22% | |
![]() G Glenmark Pharmaceuticals | 1.21% | |
![]() A Adani Power | 1.21% | |
![]() A Au Small Finance Bank Limited | 1.20% | |
![]() A AU Small Finance Bank | 1.19% | |
![]() C Container Corporation Of India Limited | 1.05% | |
![]() C Container Corporation of India | 1.04% | |
![]() A Adani Enterprises Limited | 0.96% | |
![]() A Adani Enterprises | 0.95% | |
![]() L Laurus Labs Limited | 0.92% | |
![]() L Laurus Labs | 0.92% | |
![]() L Lic Housing Finance Limited | 0.91% | |
![]() S Small Industries Development Bank Of India | 0.91% | |
![]() G GOI TBILL 364D-28/01/27 | 0.90% | |
![]() L LIC Housing Finance | 0.90% | |
![]() G GOI TBILL 364D-19/02/27 | 0.90% | |
![]() B Bank Of Baroda | 0.89% | |
![]() C Crompton Greaves Consumer Electrical Ltd | 0.84% | |
![]() T Treps | 0.84% | |
![]() C Crompton Greaves | 0.83% | |
![]() I Idfc First Bank Limited | 0.73% | |
![]() I IDFC First Bank | 0.73% | |
![]() B Biocon Limited | 0.67% | |
![]() B Biocon | 0.66% | |
![]() B Bharat Heavy Electricals Limited | 0.63% | |
![]() B Bharat Heavy Electricals | 0.62% | |
![]() K Kotak Mahindra Bank Limited | 0.61% | |
![]() K Kotak Bank | 0.60% | |
![]() B Bank Of Baroda | 0.59% | |
![]() B Bank of Baroda | 0.59% | |
![]() A Ambuja Cements Limited | 0.52% | |
![]() A Ambuja Cements | 0.52% | |
![]() M Manappuram Finance Limited | 0.52% | |
![]() S Sammaan Capital Ltd. | 0.51% | |
![]() M Manappuram Finance | 0.51% | |
![]() S Sammaan Capital | 0.51% | |
![]() A Aurobindo Pharma Limited | 0.49% | |
![]() N Net Current Assets (Including Cash & Bank Balances) | 0.48% | |
![]() A Aurobindo Pharma | 0.48% | |
![]() Z Zydus Lifesciences Limited | 0.48% | |
![]() Z Zydus Life Science | 0.47% | |
![]() M Max Financial Services Limited | 0.47% | |
![]() M Max Financial Services | 0.46% | |
![]() I Indus Towers Limited | 0.44% | |
![]() I Indus Towers | 0.44% | |
![]() H Hindustan Zinc Limited | 0.43% | |
![]() H Hindustan Zinc | 0.43% | |
![]() C Cg Power And Industrial Solutions Ltd | 0.42% | |
![]() C CG Power & Industrial Solutions | 0.42% | |
![]() H Hdfc Life Insurance Company Limited | 0.41% | |
![]() H HDFC Life Insurance | 0.40% | |
![]() P Prestige Estates Projects Limited | 0.40% | |
![]() G Godrej Consumer Products Limited | 0.40% | |
![]() P Prestige Estates Projects | 0.40% | |
![]() G Godrej Consumer Products | 0.40% | |
![]() P Pnb Housing Finance Limited | 0.33% | |
![]() I Inox Wind Limited | 0.33% | |
![]() I Inox Wind | 0.33% | |
![]() P PNB Housing Finance | 0.33% | |
![]() A Apollo Hospitals Enterprise Limited | 0.33% | |
![]() B Bank Of India | 0.32% | |
![]() A Apollo Hospitals | 0.32% | |
![]() B Bank of India | 0.32% | |
![]() V Varun Beverages Limited | 0.32% | |
![]() V Varun Beverages | 0.31% | |
![]() T The Tata Power Company Limited | 0.31% | |
![]() T Tata Power | 0.30% | |
![]() C Canara Bank | 0.30% | |
![]() C Canara Bank | 0.30% | |
![]() D Dlf Limited | 0.28% | |
![]() D DLF | 0.27% | |
![]() I Indian Energy Exchange Limited | 0.26% | |
![]() R Rec Limited | 0.26% | |
![]() I Indian Energy Exchange | 0.26% | |
![]() T The Indian Hotels Company Limited | 0.26% | |
![]() R REC | 0.26% | |
![]() I Indian Hotels Company | 0.26% | |
![]() C Cholamandalam Invest & Finance Co Ltd | 0.25% | |
![]() C Cholamandalam Investment | 0.25% | |
![]() V Vodafone Idea Limited | 0.22% | |
![]() V Vodafone Idea | 0.22% | |
![]() C Colgate Palmolive (India) Limited | 0.21% | |
![]() C Colgate Palmolive | 0.21% | |
![]() C Cummins India Limited | 0.19% | |
![]() C Cummins | 0.19% | |
![]() L Lodha Developers Limited | 0.16% | |
![]() I Info Edge (India) Limited | 0.16% | |
![]() L Lodha Developers | 0.16% | |
![]() I Info Edge | 0.16% | |
![]() T Tata Consumer Products Limited | 0.12% | |
![]() T Tata Consumer Products | 0.11% | |
![]() T Tata Motors Passenger Vehicles Limited | 0.10% | |
![]() T Tata Motors Passenger Vehicles | 0.10% | |
![]() S Supreme Industries Limited | 0.10% | |
![]() S Supreme Industries | 0.10% | |
![]() D Dabur India Limited | 0.09% | |
![]() D Dabur India | 0.09% | |
![]() A Amber Enterprises India Limited | 0.09% | |
![]() A Amber Enterprises | 0.09% | |
![]() H Hero Motocorp Limited | 0.09% | |
![]() H Hero Motocorp | 0.09% | |
![]() E Exide Industries Limited | 0.08% | |
![]() E Exide Industries | 0.08% | |
![]() S Swiggy Limited | 0.08% | |
![]() S Swiggy | 0.08% | |
![]() B Bosch Limited | 0.08% | |
![]() H Hitachi Energy India Limited | 0.08% | |
![]() H Hitachi Energy | 0.08% | |
![]() B Bosch | 0.08% | |
![]() T The Phoenix Mills Limited | 0.07% | |
![]() P Phoenix Mills | 0.07% | |
![]() B Bharat Electronics Limited | 0.06% | |
![]() B Bharat Electronics | 0.06% | |
![]() U Union Bank Of India | 0.06% | |
![]() U Union Bank of India | 0.06% | |
![]() U United Spirits Limited | 0.05% | |
![]() A Adani Green Energy Limited | 0.05% | |
![]() U United Spirits | 0.05% | |
![]() A Adani Green Energy | 0.05% | |
![]() P Pidilite Industries Limited | 0.04% | |
![]() P Pidilite Industries | 0.04% | |
![]() U Upl Limited | 0.04% | |
![]() U UPL | 0.04% | |
![]() M Mahindra & Mahindra Limited | 0.04% | |
![]() S Shriram Finance Limited | 0.04% | |
![]() M Mahindra & Mahindra | 0.04% | |
![]() S Shriram Finance | 0.04% | |
![]() P Petronet Lng Limited | 0.04% | |
![]() P Petronet LNG | 0.04% | |
![]() I Indian Oil Corporation Limited | 0.04% | |
![]() A Apl Apollo Tubes Limited | 0.04% | |
![]() I Indian Oil Corporation | 0.04% | |
![]() A APL Apollo Tubes | 0.04% | |
![]() O One 97 Communications Limited | 0.03% | |
![]() O One 97 Communications | 0.03% | |
![]() S Sun Pharmaceutical Industries Limited | 0.03% | |
![]() S Sun Pharmaceutical | 0.03% | |
![]() G Grasim Industries Limited | 0.02% | |
![]() G Grasim Industries | 0.02% | |
![]() U Uno Minda Limited | 0.02% | |
![]() U UNO Minda | 0.02% | |
![]() F Fsn E-Commerce Ventures Limited | 0.02% | |
![]() N Nykaa | 0.02% | |
![]() T Tvs Motor Company Limited | 0.02% | |
![]() T TVS Motors | 0.02% | |
![]() B Bajaj Holdings & Investments | 0.02% | |
![]() B Bajaj Holdings & Investment.Ltd | 0.02% | |
![]() J Jindal Steel Limited | 0.02% | |
![]() J Jindal Steel | 0.02% | |
![]() A Adani Port & Special Economic Zone Ltd | 0.02% | |
![]() A Adani Ports & SEZ | 0.02% | |
![]() B Bajaj Finserv Limited | 0.02% | |
![]() D Divi's Laboratories Limited | 0.02% | |
![]() B Bajaj Finserv | 0.02% | |
![]() D Divis Laboratories | 0.02% | |
![]() A Avenue Supermarts Limited | 0.01% | |
![]() A Avenue Supermarts DMart | 0.01% | |
![]() A Angel One Limited | 0.01% | |
![]() A Angel One | 0.01% | |
![]() H Hindalco Industries Limited | 0.01% | |
![]() H Hindalco Industries | 0.01% | |
![]() M Mphasis Limited | 0.01% | |
![]() M Mphasis | 0.01% | |
![]() L LIC of India | 0.01% | |
![]() L Life Insurance Corporation Of India | 0.01% | |
![]() D Dalmia Bharat Limited | 0.01% | |
![]() D Dalmia Bharat | 0.01% | |
![]() P Power Grid Corporation Of India Limited | 0.01% | |
![]() P Power Grid Corporation of India | 0.01% | |
![]() H Havells India Limited | 0.01% | |
![]() H Havells | 0.01% | |
![]() T Tata Steel | 0.01% | |
![]() T Tata Steel Limited | 0.01% | |
![]() 3 360 One Wam Limited | 0.01% | |
![]() 3 360 One WAM | 0.01% | |
![]() T Tube Investments Of India Ltd | 0.00% | |
![]() T Tube Investment | 0.00% | |
![]() C Cipla Limited | 0.00% | |
![]() C Cipla | 0.00% | |
![]() B Bharti Airtel Limited | 0.00% | |
![]() B Bharti Airtel | 0.00% | |
![]() H Hindustan Petroleum Corporation Limited | 0.00% | |
![]() H Hindustan Petroleum | 0.00% | |
![]() N Nuvama Wealth Management Limited | 0.00% | |
![]() N Nuvama Wealth Management | 0.00% | |
![]() F Fortis Healthcare Limited | 0.00% | |
![]() E Eicher Motors Limited | 0.00% | |
![]() F Fortis Healthcare | 0.00% | |
![]() E Eicher Motors | 0.00% | |
![]() N Nippon Life India AMC | 0.00% | |
![]() N Nippon Life India Asset Management Ltd | 0.00% | |
![]() B Britannia Industries Limited | 0.00% | |
![]() B Britannia Industries | 0.00% | |
![]() V Vishal Mega Mart Limited | 0.00% | |
![]() V Vishal Mega Mart | 0.00% | |
![]() I Icici Lombard General Insurance Company | 0.00% | |
![]() U Ultratech Cement Limited | 0.00% | |
![]() I ICICI Lombard General Insurance | 0.00% | |
![]() U UltraTech Cement | 0.00% | |
![]() H Hyundai Motor India Limited | 0.00% | |
![]() R Radico Khaitan Limited | 0.00% | |
![]() H Hyundai Motor India | 0.00% | |
![]() R Radico Khaitan | 0.00% | |
![]() G Gail (India) Limited | 0.00% | |
![]() G GAIL | 0.00% | |
![]() B BSE | 0.00% | |
![]() F Federal Bank | 0.00% | |
![]() T Titan | 0.00% | |
![]() N NALCO | 0.00% | |
![]() J JSW Energy | 0.00% | |
![]() S SBI Life Insurance | 0.00% | |
![]() P Power Finance Corporation | 0.00% | |
![]() M Marico | 0.00% | |
![]() M Muthoot Finance | 0.00% | |
![]() P PB FinTech | 0.00% | |
![]() C Coforge | 0.00% | |
![]() W Waaree Energies | 0.00% | |
![]() B Bajaj Finance | 0.00% | |
![]() K Kalyan Jewellers | 0.00% | |
![]() A Axis Bank Limited | 0.00% | |
![]() B Bharat Petroleum | 0.00% | |
![]() H Hindustan Unilever | 0.00% | |
![]() S Suzlon Energy | 0.00% | |
![]() H Hindustan Aeronautics | 0.00% | |
![]() S Sona BLW Precision Forgings | 0.00% | |
![]() A Asian Paints | 0.00% | |
![]() S Samvardhana Motherson International | 0.00% | |
![]() I Interglobe Aviation | 0.00% | |
![]() S SRF | 0.00% | |
![]() I ICICI Prudential Life Insurance | 0.00% | |
![]() P Page Industries | 0.00% | |
![]() C Cochin Shipyard | 0.00% |
Fund Comparison
Fund Details
52W High NAV
₹ 22.1322
Min. SIP Amount
₹ 500.00
Min. Lumpsum Amount
₹ 5,000.00
AUM (in Cr.)
₹ 3,633.25
Expense Ratio
1.47%
Lock-in Period
No Lock in Period
52W Low NAV
₹ 20.7481
Inception Date
30 Jun 2014
Fund Age
12 Yrs
Benchmark
Nifty 50 Arbitrage Index
Scheme Type
Open Ended
Stamp Duty
0.005% (from July 1st 2020)
Exit Load
- Exit load of 0.25% if redeemed within 15 days
Tax Implication
- If you redeem within 1 year, STCG are taxed at 20%; If you redeem after 1 year, and returns exceed ₹1.25 Lakhs in a financial year, LTCG are taxed at 12.5%
Fund Managers
| Name | Qualification |
|---|---|
| Mahesh A Chhabria | Masters in Management Studies (M.M.S) |
| Praveen Ayathan | B.Sc (Mathematics) |
| Mohd Asif Rizwi | PGDM from IIM Calcutta & B. Tech (Chemical Engineering) from IIT Bombay |
| Dipan S. Parikh | Bachelor of Commerce |
Fund Objective
To seek to generate reasonable returns by predominantly investing in arbitrage opportunities in the cash and derivatives segments of the equity markets and by investing balance in debt and money market instruments.There is no assurance that the investment objective of the scheme will be realized.
Risk-O-Meter
Investors understand that their principal will be at
Low Risk
Risk Scale
Low
Moderately Low
Moderate
Moderately High
High
Very High
AMC Information
HSBC Mutual Fund
No. of Schemes
40
Total AUM
₹ 1,59,771.07 Cr
Contact Details
9-11 Floors, NESCO IT Park,Building no 3, Western ExpressHighway, Goregaon(East) Mumbai-400063
Contact Details
9-11 Floors, NESCO IT Park,Building no 3, Western ExpressHighway, Goregaon(East) Mumbai-400063
FAQs
When was HSBC Arbitrage Fund launched?
What is the current NAV of HSBC Arbitrage Fund?
What is the AUM of HSBC Arbitrage Fund?
What is the rate of return of HSBC Arbitrage Fund?
- In the past 1Y: 6.82%
- In the past 3Y: 7.25%
- In the past 5Y: 6.72%
What is the expense ratio of HSBC Arbitrage Fund?
What is exit load of HSBC Arbitrage Fund?
What is the portfolio of HSBC Arbitrage Fund?
- ICICI Bank: 6.08%
- HDFC Bank: 5.52%
- Bandhan Bank: 4.07%
- Steel Authority of India: 3.86%
- RBL Bank: 3.32%
Top 3 sectoral holdings include:
- Others: 173.31%
- Financial Services: 36.87%
- Basic Materials: 9.34%
How risky is investing in HSBC Arbitrage Fund?
Who is the fund manager HSBC Arbitrage Fund?
What is the minimum investment required in HSBC Arbitrage Fund?
How to invest in HSBC Arbitrage Fund directly?
- Open Demat Account on Dhan if you don't have one.
- Analyze the fund performance.
- Invest via SIP or Lumpsum.

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