Fundalysisby DARKHORSESTOCKS

Scheme

Bank Of India Arbitrage Fund

Holds 27 companies worth ₹78.8 Cr in Sept 2026.

  • Fund house

    BOI AXAThe fund house that runs this scheme.

  • AUM

    ₹111 CrBank Of India Arbitrage Fund's AUM at the end of 30 Sept 2026, as AMFI reports it. Down 17.3% on Aug 2026, ₹134 Cr.

  • Largest holding

    Tata Steel LimitedTata Steel Limited is 5.9% of this scheme's NAV.

  • Fund manager

    Firdaus RaginaRuns it since 1 Dec 2021, as the fund house dates it.

Overview(6 Oct 2026)

Fund managers1

  1. Firdaus RaginaFund manager · Dec 2021
  1. Alok SinghDec 2021 – Jun 2025

Key facts

Benchmark
NIFTY 50 Arbitrage Index
Risk
Low
Expense
Regular 2.82% · Direct 2.15%
Exit load
0.5% within 15 days
Started
18 Jun 2018
Minimum
₹5,000

Source.Its Scheme Summary Document as of 6 Oct 2026 at AMFI.

What changed(17 changes)

Oct 2026

1 change
  1. Expense ratio
    6 OctRegular 2.86% → 2.82%Direct 2.19% → 2.15%

Sept 2026

1 change
  1. Expense ratio
    22 SeptRegular 1.04% → 2.86%Direct 0.43% → 2.19%

May 2026

1 change
  1. Expense ratio
    2 MayRegular 3.88% → 1.04%Direct 3.28% → 0.43%

Source.Its filings at NSE, since Sept 2024.

Fund managers over time(Dec 2021 – now)

  1. Firdaus Ragina
  2. Alok Singh
MainCoSlice20222023202420252026
Fig. 1.Who ran it when: each manager from the date the fund house gives, or the first document listing them where it gives none, to when they left. A slice is part of it: overseas, gold and silver, or arbitrage.

Costs(Sept 2024 – Oct 2026)

Every change to the expense ratio, newest first.
15 changesRegularDirectΔ pt
6 Oct 20262.82%2.15%0.04
22 Sept 20262.86%2.19%1.76
2 May 20261.04%0.43%2.85
29 Apr 20263.88%3.28%4.91
27 Apr 20268.79%8.19%7.76
17 Apr 20261.04%0.43%2.75
8 Apr 20263.78%3.18%2.76
1 Oct 20250.94%0.42%0
22 Sept 20250.95%0.42%0.01
20 Aug 20250.95%0.43%0
19 Jun 20250.94%0.43%0.16
1 Apr 20250.94%0.59%0.01
17 Mar 20250.94%0.60%0.01
16 Jan 20250.94%0.61%0.38
2 Sept 20240.94%0.23%–
Direct plan, 6 Oct 2026
2.15%
Regular plan 2.82% · Exit load 0.5% within 15 days
Fig. 1.Total expense ratio a year, each plan's, as its Scheme Summary Documents state it, filing by filing at NSE. A change holds until the next.

Objective and risk(6 Oct 2026)

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

Risk, type and benchmark

Riskometer
Low
At launch
Low
Type
An open ended scheme investing in arbitrage opportunities
Benchmark
NIFTY 50 Arbitrage Index

Asset allocation it may hold% of NAV

  1. quot;Equity and equity related securities
    Allowed65–100%
  2. Equity Derivatives
    Allowed65–100%
  3. Debt and Money Market Securities /instruments
    Allowed0–35%Holds28.9%
  4. ETCDs
    Allowed0–10%
  5. Gold ETFs and Silver ETFs
    Allowed0–10%

Holds in Sept 2026.71.1% equity · 28.9% debt and cash

How to invest(6 Oct 2026)

Buying

To start
₹5,000, then in multiples of ₹1
To add
₹1,000, then in multiples of ₹1
Most
There is no limit on the maximum amount to be raised under the Scheme.
Systematic
SIP - Weekly & Monthly, SWP - Monthly & Quarterly, STP - Daily, Weekly & Monthly
Dates
SIP - Weekly (Monday to Friday) & Monthly (any day - 1 to 28), SWP - Monthly (01,07,10,15,20,25) & Quarterly (01,07,10,15,20,25), STP - Daily (any day - 1 to 28), Weekly (Monday to Friday) & Monthly (01,07,10,15,20,25) If such a day is a Holiday/Non-Business day, then the next Business Day
Minimum
SIP - 1000, SWP - 1000 & STP - 1000, then sIP - 1, SWP - 1 & STP - 1
Instalments
SIP - Weekly 12 & Monthly 6, SWP - Monthly 6 & Quarterly 4, STP - Daily 30, Weekly 12 & Monthly 6
Most
No limit

Selling and switching

To redeem
₹1 or 0.001 units
Minimum balance
Currently, there is no minimum balance requirement or Currently, there is no minimum balance requirement units
Switch minimum
₹5,000 or 5000 units
Switch multiples
₹1 or No limit units
Switch most
No Limit or Not applicable. units

Scheme details(6 Oct 2026)

What it is

Category
Arbitrage Fund
Offer
31 May 2018 to 14 Jun 2018
Started
18 Jun 2018
Reopened
18 Jun 2018
Plans
Regular Plan and Direct Plan. Each of the Plan shall offer the following Option: · •Growth Option · • IDCW Option (Reinvestment of IDCW & payout of IDCW facility)
Face value
₹10
Listed
No

How it is run

Swing pricing
Enabling provision in SID. However, no segregated portfolio is created.
Side-pocketing
Enabling provision in SID. However, no segregated portfolio is created
Custodian
Deutsche Bank AG
Auditor
Chokshi & Chokshi LLP (Statutory Auditors)
Registrar
KFin Technologies Private Limited
SEBI code
BOIA/O/H/ARB/18/05/0012