Fund manager · HDFC

Arun Agarwal

Fund Manager and Dealer - Equities at HDFC. Runs 42 schemes worth ₹68,315 Cr.

Fund house
HDFCThey run their schemes at HDFC.
AUM they run
₹68,315 CrThe AUM of the schemes they run, as main or co-manager, at the latest month's end, as AMFI reports it. A scheme two people run counts for both.
Schemes
42 now · 0 beforeSchemes they run now, as main or co-manager, and ones they ran before, since Sept 2024. On 7 more schemes for a slice of it: overseas, gold or arbitrage.
Experience
25 yearsCollectively over 25 years of experience in equity, debt and derivative dealing, fund management, internal audit and treasury operations.

Profile^{(HDFC's SAI, 30 Jun 2026)}

About

Role: Fund Manager and Dealer - Equities
Studied: B.Com., Chartered Accountant
Age: 53 years
Experience: Collectively over 25 years of experience in equity, debt and derivative dealing, fund management, internal audit and treasury operations.

Schemes now49

HDFC Balanced Advantage Fund₹1,02,534 Cr
HDFC Arbitrage Fund₹25,407 Cr
HDFC Nifty 50 Index Fund₹22,246 Cr
HDFC Gold ETF Fund of Fund₹12,013 Cr
HDFC BSE Sensex Index Fund₹7,973 Cr
HDFC Retirement Fund Equity Plan₹6,645 Cr
and 43 more, all below

AUM they run^{(Aug 2020 – Sept 2026)}

AUM at month end each month, and its change on the month before
12 months	₹ Cr	Change
Sept 2026	68,315	−7.3%
Aug 2026	73,669	+2.0%
Jul 2026	72,192	+2.1%
Jun 2026	70,725	−0.8%
May 2026	71,280	+1.3%
Apr 2026	70,362	+11.0%
Mar 2026	63,410	−8.3%
Feb 2026	69,134	−0.3%
Jan 2026	69,325	+7.1%
Dec 2025	64,704	+7.1%
Nov 2025	60,434	+3.4%
Oct 2025	58,459	+6.0%

AUM at month end, Sept 2026

₹68,315

+16.9% since Oct 2025

Fig. 1.The AUM of the schemes Arun Agarwal ran at each month's end, each only in the months they ran it, ₹ crore. A scheme two people run counts in full for both. Source: AMFI.

Schemes over time^{(Aug 2020 – now)}

HDFC202120222023202420252026

Fig. 1.The schemes they ran when, the oldest first: each from the date its fund house gives, or the first document listing them where it gives none, to when they left, coloured by fund house.

Schemes^{(Aug 2020 – now)}

HDFC

49 now · since Aug 2020

HDFC Balanced Advantage Fund
ArbitrageOct 2022—4y 1m₹1,02,534 CrBalanced AdvantageTER 0.78%
HDFC Arbitrage Fund
OverseasAug 2020—6y 3m₹25,407 CrArbitrageTER 1.50%
HDFC Nifty 50 Index Fund
Co-managerAug 2020—6y 3m₹22,246 CrIndex FundsTER 0.29%
HDFC Gold ETF Fund of Fund
Fund managerFeb 2023—3y 9m₹12,013 CrFund of FundsTER 0.20%

Source.Each scheme's Scheme Summary Document at AMFI and its filings at NSE.

Performance^{(42 schemes)}

Growth · Direct plans, Regular before 2013

Return as manager: +3.09%
Beat peers: 14 of 36
vs peers: −1.81 pt
Longest run: 6.2 years
Beat benchmark: Upcoming

Each scheme Arun Agarwal ran, against its peers and benchmark over the same months. Source: AMFI. Click a column's header to sort by it.

HDFC Nifty 50 ETF	Aug '20–now · 6.2y	−21.87%	+4.44%	−26.31 pt	–	–
HDFC BSE Sensex Index Fund	Aug '20–now · 6.2y	+12.03%	+13.05%	−1.02 pt	–	–
HDFC Nifty 50 Index Fund	Aug '20–now · 6.2y	+13.02%	+13.05%	−0.03 pt	–	–
HDFC Nifty Next 50 Index Fund	Feb '22–now · 4.7y	+11.36%	+8.49%	+2.87 pt	–	–
HDFC Nifty50 Equal weight Index Fund	Feb '22–now · 4.7y	+10.35%	+8.49%	+1.86 pt	–	–
HDFC Developed World Overseas Equity Passive FoF	Feb '22–now · 4.7y	+18.38%	+15.54%	+2.84 pt	–	–
HDFC Nifty Bank ETF	Feb '22–now · 4.7y	−33.53%	+6.48%	−40.01 pt	–	–
HDFC BSE Sensex ETF	Feb '22–now · 4.7y	−35.32%	+6.48%	−41.80 pt	–	–
HDFC Nifty 100 Index Fund	Mar '22–now · 4.6y	+7.91%	+10.06%	−2.15 pt	–	–
HDFC Nifty 100 Equal Weight Index Fund	Mar '22–now · 4.6y	+11.67%	+9.86%	+1.81 pt	–	–
HDFC Nifty Next 50 ETF	Aug '22–now · 4.2y	−34.73%	+7.32%	−42.05 pt	–	–
HDFC Nifty 100 ETF	Aug '22–now · 4.2y	−37.79%	+7.32%	−45.11 pt	–	–
HDFC Nifty50 Value 20 ETF	Sep '22–now · 4.1y	+7.96%	+7.66%	+0.30 pt	–	–
HDFC Nifty Growth Sectors 15 ETF	Sep '22–now · 4.1y	+5.08%	+7.90%	−2.82 pt	–	–
HDFC Nifty100 Quality 30 ETF	Sep '22–now · 4.1y	+9.05%	+7.66%	+1.39 pt	–	–
HDFC Nifty100 Low Volatility 30 ETF	Oct '22–now · 4.0y	−37.62%	+8.29%	−45.91 pt	–	–
HDFC Nifty200 Momentum 30 ETF	Oct '22–now · 4.0y	−37.16%	+8.29%	−45.45 pt	–	–
HDFC Nifty Private Bank ETF	Nov '22–now · 3.9y	−40.93%	+6.40%	−47.34 pt	–	–
HDFC Nifty IT ETF	Nov '22–now · 3.9y	−44.37%	+6.40%	−50.77 pt	–	–
HDFC Gold ETF Fund of Fund	Feb '23–now · 3.7y	+27.54%	+14.30%	+13.23 pt	–	–
HDFC Silver ETF Fund of Fund	Feb '23–now · 3.7y	+34.59%	+14.30%	+20.29 pt	–	–
HDFC Nifty Midcap 150 ETF	Feb '23–now · 3.7y	−36.59%	+7.31%	−43.90 pt	–	–
HDFC BSE 500 ETF	Feb '23–now · 3.7y	+11.12%	+7.30%	+3.82 pt	–	–
HDFC Nifty Smallcap 250 ETF	Feb '23–now · 3.7y	+20.22%	+7.30%	+12.92 pt	–	–
HDFC Nifty Smallcap 250 Index Fund	Apr '23–now · 3.5y	+20.94%	+8.13%	+12.81 pt	–	–
HDFC Nifty Midcap 150 Index Fund	Apr '23–now · 3.5y	+19.34%	+8.13%	+11.21 pt	–	–
HDFC BSE 500 Index Fund	Apr '23–now · 3.5y	+11.87%	+8.13%	+3.74 pt	–	–
HDFC Nifty PSU Bank ETF	Jan '24–now · 2.7y	+10.04%	+3.11%	+6.93 pt	–	–
HDFC Nifty200 Momentum 30 Index Fund	Feb '24–now · 2.6y	−0.64%	+6.72%	−7.36 pt	–	–
HDFC Nifty Realty Index Fund	Mar '24–now · 2.5y	−3.61%	+6.55%	−10.16 pt	–	–
HDFC Nifty100 Low Volatility 30 Index Fund	Jul '24–now · 2.3y	−1.73%	+0.81%	−2.54 pt	–	–
HDFC Nifty500 Multicap 50 25 25 Index Fund	Aug '24–now · 2.1y	−1.94%	−0.47%	−1.47 pt	–	–
HDFC Nifty LargeMidcap 250 Index Fund	Oct '24–now · 2.0y	−2.35%	−0.92%	−1.43 pt	–	–
HDFC Nifty India Digital Index Fund	Dec '24–now · 1.8y	−10.15%	−0.44%	−9.71 pt	–	–
HDFC Nifty100 Quality 30 Index Fund	Feb '25–now · 1.6y	+1.11%	+6.29%	−5.18 pt	–	–
HDFC Nifty Top 20 Equal Weight Index Fund	Mar '25–now · 1.6y	−3.37%	+5.04%	−8.41 pt	–	–
HDFC BSE India Sector Leaders Index Fund	Nov '25–now · 0.9y	−11.54%	−3.40%	−8.14 pt	–	–
HDFC Nifty India Consumption Index Fund	Feb '26–now · 0.6y	−8.76%	−2.52%	−6.25 pt	–	–
HDFC Nifty Auto Index Fund	Jul '26–now · 0.3y	−8.00%	−5.14%	−2.86 pt	–	–
HDFC Nifty Metal ETF	Jul '26–now · 0.2y	−4.22%	−5.64%	+1.42 pt	–	–
HDFC Nifty Metal ETF FoF	Aug '26–now · 0.2y	−9.33%	−2.72%	−6.61 pt	–	–
HDFC BSE REITs and Commercial Real Estate Index Fund	Sep '26–now · 0.1y	−3.74%	−3.50%	−0.23 pt	–	–

Fig. 1.Each scheme Arun Agarwal ran, against its peers and benchmark over the same months. Source: AMFI.

Works with^{(8 now)}

Nandita MenezesArbitrage Fund · Nifty 50 Index Fund · Gold ETF Fund of Fund · BSE Sensex Index Fund · Silver ETF Fund of Fund · Nifty Smallcap 250 ETF · Nifty Next 50 Index Fund · Nifty50 Equal weight Index Fund · Nifty Smallcap 250 Index Fund · Nifty Midcap 150 Index Fund · Nifty200 Momentum 30 Index Fund · Nifty 100 Equal Weight Index Fund · Nifty500 Multicap 50 25 25 Index Fund · Nifty 100 Index Fund · Nifty LargeMidcap 250 Index Fund · BSE 500 Index Fund · Nifty100 Low Volatility 30 Index Fund · BSE 500 ETF · Nifty Realty Index Fund · BSE India Sector Leaders Index Fund · Nifty Midcap 150 ETF · Nifty Auto Index Fund · Nifty India Digital Index Fund · Nifty100 Quality 30 Index Fund · Nifty Metal ETF FoF · Nifty India Consumption Index Fund · Nifty Top 20 Equal Weight Index Fund · BSE REITs and Commercial Real Estate Index Fund · Developed World Overseas Equity Passive FoF29 schemes
Abhishek MorNifty 50 ETF · Nifty Smallcap 250 ETF · Nifty Bank ETF · BSE Sensex ETF · Nifty Private Bank ETF · BSE 500 ETF · Nifty Next 50 ETF · Nifty Midcap 150 ETF · Nifty Metal ETF · Nifty200 Momentum 30 ETF · Nifty IT ETF · Nifty PSU Bank ETF · Nifty 100 ETF · Nifty50 Value 20 ETF · Nifty100 Quality 30 ETF · Nifty Growth Sectors 15 ETF · Nifty100 Low Volatility 30 ETF17 schemes
Anil BamboliBalanced Advantage Fund · Multi Asset Allocation Fund · Equity Savings Fund3 schemes
Anupam JoshiRetirement Fund Equity Plan · Retirement Fund Hybrid Equity Plan · Retirement Fund Hybrid Debt Plan3 schemes
Chirag SetalvadRetirement Fund Equity Plan · Retirement Fund Hybrid Equity Plan · Retirement Fund Hybrid Debt Plan3 schemes
Ihab DalwaiBalanced Advantage Fund · Multi Asset Allocation Fund2 schemes
Anand LaddhaEquity Savings Fund1 scheme
Gopal AgrawalBalanced Advantage Fund1 scheme

Career^{(Aug 1998 – now)}

HDFC Asset Management Company Limited

Position not stated
Sept 2010—16y 2m

SBI Funds Management Pvt. Ltd

Assistant Vice President
Jul 2006—Sept 20104y 3m

ICICI Bank Limited

Chief Manager
Dec 2005—Jun 20067m

UTI Asset Management Pvt. Ltd

Manager
Dec 2002—Dec 20053y 1m
Assistant Manager
Aug 1998—Dec 20024y 5m

Source.HDFC's Statement of Additional Information, as of 30 Jun 2026.