Data as on 04th feb 2025

Bank Of India ARBITRAGE FUND

Investment Objective

The Scheme seeks to generate income through arbitrage opportunities between cash and derivative segments of the equity market and arbitrage opportunities within the derivative segment and by deployment of surplus cash in debt securities and money market instruments. However, there is no assurance or guarantee that the investment objective of the scheme will be realized

Fund Manager

  • Mr. Nilesh Jethani
    Mr. Nilesh Jethani 
    See detail

Fund Highlights

  • An open ended scheme investing in arbitrage opportunities between cash and futures prices of exchange traded equities
  • Suitable for investors with an investment horizon of 3 to 6 months
  • Enjoys similar risk-return profile as liquid fund with tax advantage of an equity fund - Opportunity for Superior post tax returns as compared to a Liquid Fund
  • All positions are completely hedged – No directional exposure to equity markets; hence Arbitrage Funds carry no Market Risk
  • Click here for KIM
  • Click here for SID

Riskometer

Scheme Riskometer:

 

The above Riskometer is based on the portfolio as on 30th June, 2026.

This product is suitable for investors who are seeking*:

  • Income over short to medium term.
  • Income through arbitrage opportunities between cash and derivative segments of the equity market and arbitrage opportunities within the derivative segment.

Benchmark Riskometer : NIFTY 50 Arbitrage Index

*Investor should consult their financial advisor if in doubt about whether the product is suitable for them

The above Benchmark Riskometer is based on the portfolio as on 30th June, 2026.

Top 10 Portfolio Holdings

Portfolio Details % to Net Assets
Bank of India Mutual Fund 12.8%
Government of India 7.0%
National Aluminium Company Limited 6.1%
TREPS / Reverse Repo Investments 5.8%
Ambuja Cements Limited 4.1%
Tata Steel Limited 3.0%
JSW Steel Limited 2.9%
UPL Limited 2.9%
Canara Bank 2.8%
Bharti Airtel Limited 2.8%

Who should invest?

  • Risk-averse individuals
  • Those who want to leverage market inefficiencies
  • Retail / HNIs / Cash Rich Corporates looking for short term deployment of surplus funds
  • Those looking for investment opportunities that provide risk-return profile like liquid fund along with tax advantages of an equity fund
  • Investors seeking higher post tax returns than Liquid and Ultra Short Term Funds

Why should you invest?

  • Investing in arbitrage between cash and futures market
  • Timely unwind existing trades & enter new trades to enhance portfolio returns
  • Superior post tax returns opportunity
  • Complete hedging with no market risk
  • No credit risk
  • Scheme
  • Benchmark

Fund Performance

Total Expense Ratio

Performance for Regular-Growth Plan

Fund performance: NAV, scheme/benchmark returns, and current value of a standard investment of Rs 10000, by period
Current Value of Standard Investment of Rs 10000 in the
Date NAV Per Unit(Rs.) Scheme Returns(%)^ Benchmark Returns #(%) Additional Benchmark Returns # #(%) Scheme (Rs) Benchmark #(Rs) Additional Benchmark # # (Rs)
1 yrs 13.7200 5.12 % 6.63 % 3.96 % 10512 10663 10396
3 yrs 12.0600 6.16 % 7.46 % 6.34 % 11963 12406 12023
5 yrs 11.3000 5.02 % 6.32 % 5.60 % 12771 13581 13129
10 yrs NA NA NA NA NA NA NA
Since inception 10.0000 4.72 % 5.71 % 5.93 % 14428 15549 15817

^ Past performance may or may not be sustained in the future
# NIFTY 50 Arbitrage Index
# # CRISIL 1 Year T-Bill Index


1. Mr. Nilesh Jethani has been managing the Scheme w.e.f. July 14, 2025. In addition to this scheme, he manages 2 close ended schemes and co-manages 2 open ended schemes of Bank of India Mutual Fund.
2. Period for which scheme’s performance has been provided is computed basis on last working day of the Month-end preceding the date of publication.
3. Different plans shall have a different expense structure.

IDCW History(Regular Plan- Annual IDCW)

Record Date IDCW (₹/Unit)
26-December-20190.05266000
26-December-20190.05266000
26-March-20200.10504000
26-March-20200.10504000
CLICK HERE TO VIEW THE IDCW HISTORY