Scheme

DSP Arbitrage Fund

Holds 161 companies worth ₹4,529 Cr in Sept 2026.

Fund house
DSPThe fund house that runs this scheme.
AUM
₹6,720 CrDSP Arbitrage Fund's AUM at the end of 30 Sept 2026, as AMFI reports it. Up 0.7% on Aug 2026, ₹6,673 Cr.
Largest holding
HDFC BankHDFC Bank is 4.8% of this scheme's NAV.
Fund manager
Karan MundhraRuns its co-manager part since 1 Aug 2024, as the fund house dates it. With Kaivalya Nadkarni (co-manager).

Holdings^{(Jan 2018 – Sept 2026)}

Holdings in Sept 2026. Tick up to 2 to plot them.
Plot	161 companies ·	₹ Cr
	HDFC Bank	320
	Reliance Industries	311
	Idea Cellular	205
	ICICI Bank	183
	Axis Bank	145
	ITC	113
	Punjab National Bank	109
	Bharti Airtel Limited	109
	State Bank of India	104
	Kotak Mahindra Bank Limited	92.7
	STEEL AUTHORITY INDIA LTD	88.4
	JSW Steel	88.2
	Canara Bank	81.4
	Adani Energy Solutions Limited	75.3
	Bharat Heavy Electricals	72.8
	Divi s Laboratories Limited	72.3
	Yes Bank Limited	69.3
	Bharat Electronics	66
	Bharti Infratel	65.2
	Bajaj Finance Limited	63.4
	Tata Power Co	62.4
	Jio Financial Services Limited	61.5
	Bandhan Bank Limited	53.3
	IDFC Bank Limited	52.5
	Tata Steel Limited	52.5
	Hindustan Aeronautics Limited	52.5
	Glenmark Pharmaceuticals	49.6
	Bank of Baroda	47.7
	LIC Housing Finance	47.2
	Adani Enterprises	46.1
	GMR Airport Ltd	42.3
	Adani Power Limited	40.9
	Hindalco Industries	39.7
	Indian Hotels Co	37.7
	Hindustan Unilever	36.5
	National Building Construction Corp	35.1
	Mahindra and Mahindra Limited	34.9
	APL Apollo Tubes	33
	NMDC	33
	Manappuram Finance Limited	31.7
	Ambuja Cement	31.5
	Larsen and Toubro	31.5
	Ashok Leyland	31.1
	Aditya Birla Capital Limited	30.9
	Crompton Greaves Cons Electrical Ltd	30.6
	Marico	29.6
	HDFC Life Insurance Co Ltd	28.9
	Tata Motors	28.2
	Coal India	27.9
	Biocon	27.7

HDFC Bank
Reliance Industries

Market value of each ticked company in DSP Arbitrage Fund, ₹ crore. Month end. Source: AMC monthly portfolio disclosures.
Month	HDFC Bank	Reliance Industries
Sept 2025	₹138 Cr	₹174 Cr
Oct 2025	₹150 Cr	₹193 Cr
Nov 2025	₹236 Cr	₹220 Cr
Dec 2025	₹249 Cr	₹220 Cr
Jan 2026	₹285 Cr	₹215 Cr
Feb 2026	₹327 Cr	₹214 Cr
Mar 2026	₹357 Cr	₹170 Cr
Apr 2026	₹342 Cr	₹188 Cr
May 2026	₹314 Cr	₹250 Cr
Jun 2026	₹318 Cr	₹300 Cr
Jul 2026	₹282 Cr	₹310 Cr
Aug 2026	₹315 Cr	₹299 Cr
Sept 2026	₹320 Cr	₹311 Cr

Fig. 1.Market value of each ticked company in DSP Arbitrage Fund, ₹ crore. Month end. Source: AMC monthly portfolio disclosures.

Allocation^{(Sept 2026)}

Market cap

		% of NAV
Large Cap	79	49.68

Mid Cap	64	12.76

Small Cap	17	4.15

Other equity	1	0.78

Cash & others		32.63

Sectors

Companies

Fig. 2.This scheme's holdings, by market cap, by sector and by company. Hover a slice or a row; click a slice to open it.

Buying and selling, month by month^{(Oct 2025 – Sept 2026)}

Buying and selling, month by month. Change in market value since the previous month, ₹ crore. Month end. Source: AMC monthly portfolio disclosures.

Fig. 3.Change in market value since the previous month, ₹ crore. Month end. Source: AMC monthly portfolio disclosures.

Portfolio^{(Sept 2026)}

Every holding in Sept 2026: its shares, market value (₹ crore) and % of NAV. Month end. Source: AMC monthly portfolio disclosures. Click a column's header to sort by it.

HDFC Bank	Equity	Banks	45.1L	320	4.76
Reliance Industries	Equity	Petroleum Products	26.2L	311	4.63
Idea Cellular	Equity	Telecom - Services	15.8Cr	205	3.05
ICICI Bank	Equity	Banks	13.9L	183	2.73
Axis Bank	Equity	Banks	11.9L	145	2.16
ITC	Equity	Diversified FMCG	43.2L	113	1.69
Punjab National Bank	Equity	Banks	96.6L	109	1.62
Bharti Airtel Limited	Equity	Telecom - Services	6.2L	109	1.62
State Bank of India	Equity	Banks	10.8L	104	1.55
Kotak Mahindra Bank Limited	Equity	Banks	22.2L	92.7	1.38
STEEL AUTHORITY INDIA LTD	Equity	Ferrous Metals	48.7L	88.4	1.32
JSW Steel	Equity	Ferrous Metals	7.04L	88.2	1.31
Canara Bank	Equity	Banks	68.2L	81.4	1.21
Adani Energy Solutions Limited	Equity	Power	5.73L	75.3	1.12
Bharat Heavy Electricals	Equity	Electrical Equipment	17.5L	72.8	1.08
Divi s Laboratories Limited	Equity	Pharmaceuticals & Biotechnology	77.8K	72.3	1.08
Yes Bank Limited	Equity	Banks	3.31Cr	69.3	1.03
Bharat Electronics	Equity	Aerospace & Defense	17L	66	0.98
Bharti Infratel	Equity	Telecom - Services	17.5L	65.2	0.97
Bajaj Finance Limited	Equity	Finance	6.61L	63.4	0.94
Tata Power Co	Equity	Power	17.4L	62.4	0.93
Jio Financial Services Limited	Equity	Finance	28.4L	61.5	0.92
Bandhan Bank Limited	Equity	Banks	29.9L	53.3	0.79
IDFC Bank Limited	Equity	Banks	64.5L	52.5	0.78
Tata Steel Limited	Rights	Ferrous Metals	28.5L	52.5	0.78
Hindustan Aeronautics Limited	Equity	Aerospace & Defense	1.12L	52.5	0.78
Glenmark Pharmaceuticals	Equity	Pharmaceuticals & Biotechnology	2.12L	49.6	0.74
Bank of Baroda	Equity	Banks	20.7L	47.7	0.71
LIC Housing Finance	Equity	Finance	8.9L	47.2	0.70
Adani Enterprises	Equity	Metals & Minerals Trading	1.59L	46.1	0.69
GMR Airport Ltd	Equity	Transport Infrastructure	44.5L	42.3	0.63
Adani Power Limited	Equity	Power	20.1L	40.9	0.61
Hindalco Industries	Equity	Non - Ferrous Metals	4.21L	39.7	0.59
Indian Hotels Co	Equity	Leisure Services	5.18L	37.7	0.56
Hindustan Unilever	Equity	Diversified FMCG	1.94L	36.5	0.54
National Building Construction Corp	Equity	Construction	44.7L	35.1	0.52
Mahindra and Mahindra Limited	Equity	Automobiles	1.18L	34.9	0.52
APL Apollo Tubes	Equity	Industrial Products	1.51L	33	0.49
NMDC	Equity	Minerals & Mining	43.1L	33	0.49
Manappuram Finance Limited	Equity	Finance	10L	31.7	0.47
Ambuja Cement	Equity	Cement & Cement Products	8.41L	31.5	0.47
Larsen and Toubro	Equity	Construction	83.7K	31.5	0.47
Ashok Leyland	Equity	Agricultural, Commercial & Construction Vehicles	20.2L	31.1	0.46
Aditya Birla Capital Limited	Equity	Finance	8.12L	30.9	0.46
Crompton Greaves Cons Electrical Ltd	Equity	Consumer Durables	14.7L	30.6	0.46
Marico	Equity	Agricultural Food & other Products	3.77L	29.6	0.44
HDFC Life Insurance Co Ltd	Equity	Insurance	5.54L	28.9	0.43
Tata Motors	Equity	Automobiles	9.95L	28.2	0.42
Coal India	Equity	Consumable Fuels	6.57L	27.9	0.42
Biocon	Equity	Pharmaceuticals & Biotechnology	7.48L	27.7	0.41
Godrej Properties	Equity	Realty	1.65L	26.9	0.40
Power Finance Corporation	Equity	Finance	8.15L	26.5	0.39
Info Edge India Limited	Equity	Retailing	2.13L	26	0.39
Aurobindo Pharma	Equity	Pharmaceuticals & Biotechnology	1.51L	25.3	0.38
Cholamandalam DBS Finance	Equity	Finance	1.56L	25.2	0.38
Eicher Motors	Equity	Automobiles	34.4K	24.6	0.37
Tata Consumer Products Limited	Equity	Agricultural Food & other Products	2.29L	21.8	0.32
Infosys	Equity	IT - Software	2.16L	21.5	0.32
Multi Commodity Exchange of India Limited	Equity	Capital Markets	63.5K	20.9	0.31
Shriram Finance Limited	Equity	Finance	2.09L	20.5	0.31
AU Small Finance Bank Limited	Equity	Banks	2.03L	20.5	0.31
LIC of India Ltd	Equity	Insurance	5.15L	20.4	0.30
Adani Green Energy Limited	Equity	Power	1.52L	19.4	0.29
Varun Beverages Limited	Equity	Beverages	4.41L	19.1	0.28
TVS Motor Co Ltd	Equity	Automobiles	45.5K	18.7	0.28
Union Bank of India	Equity	Banks	10.9L	18.6	0.28
Swiggy Limited	Equity	Retailing	7.39L	18.5	0.28
Cummins India	Equity	Industrial Products	38.4K	18.3	0.27
Titan Co Ltd	Equity	Consumer Durables	38.9K	17.8	0.27
Sagility India Limited	Equity	IT - Services	41.4L	17.6	0.26
Asian Paints	Equity	Consumer Durables	73K	17.5	0.26
UltraTech Cement Limited	Equity	Cement & Cement Products	15.9K	17.4	0.26
Cipla	Equity	Pharmaceuticals & Biotechnology	1.29L	17.4	0.26
Sun Pharmaceutical Ind Ltd	Equity	Pharmaceuticals & Biotechnology	94.5K	17.2	0.26
ADANI PORT AND SPECIAL ECONOMIC ZONE LTD	Equity	Transport Infrastructure	94.1K	16.9	0.25
NTPC	Equity	Power	5.04L	16.3	0.24
Astral Limited	Equity	Industrial Products	1.17L	16.1	0.24
PNB Housing Finance Limited	Equity	Finance	1.37L	15.4	0.23
Phoenix Mills Limited	Equity	Realty	72.1K	14	0.21
Indian Energy Exchange Limited	Equity	Capital Markets	13L	13.9	0.21
Apollo Hospitals Enterprise Limited	Equity	Healthcare Services	16.6K	13.6	0.20
Ratnakar Bank Limited	Equity	Banks	3.08L	12.4	0.18
IndusInd Bank	Equity	Banks	1.32L	11.9	0.18
PB Fintech Limited	Equity	Financial Technology (Fintech)	1.1L	11.7	0.17
Hitachi Energy India Limited	Equity	Electrical Equipment	3.78K	11.6	0.17
Bank of India	Equity	Banks	8.68L	11.3	0.17
United Phosphorous	Equity	Fertilizers & Agrochemicals	1.94L	10.5	0.16
Oil and Natural Gas Corporation Limited	Equity	Oil	4.3L	9.7	0.14
HDFC Asset Management Co Ltd	Equity	Capital Markets	42K	9.6	0.14
Container Corporation of India Limited	Equity	Transport Services	2.06L	9.2	0.14
Patanjali Foods Limited	Equity	Agricultural Food & other Products	2.43L	8.8	0.13
Max Financial Services Limited	Equity	Insurance	64K	8.8	0.13
MARUTI SUZUKI INDA LIMITED	Equity	Automobiles	7K	8.4	0.12
Fortis Healthcare Limited	Equity	Healthcare Services	1.02L	7.8	0.12
Coforge Limited	Equity	IT - Software	44.7K	7.8	0.12
Muthoot Finance Limited	Equity	Finance	27.8K	7.6	0.11
Godrej Consumer Products	Equity	Personal Products	76.5K	6.5	0.10
GE Vernova T D India Limited	Equity	Electrical Equipment	15K	6.3	0.090
Hero MotoCorp	Equity	Automobiles	12K	6.3	0.090
Indian Oil Corp Ltd	Equity	Petroleum Products	4.53L	6.1	0.090
Interglobe Aviation Limited	Equity	Transport Services	12.2K	6.1	0.090
Kalyan Jewellers India Limited	Equity	Consumer Durables	1.03L	5.7	0.080
Central Depository Services I Ltd	Equity	Capital Markets	43.2K	5.5	0.080
Angel One Limited	Equity	Capital Markets	1.85L	5.1	0.080
Laurus Labs Limited	Equity	Pharmaceuticals & Biotechnology	24.7K	4.9	0.070
Torrent Pharmaceuticals Limited	Equity	Pharmaceuticals & Biotechnology	10.1K	4.9	0.070
Hindustan Zinc	Equity	Non - Ferrous Metals	85.8K	4.9	0.070
Inox Wind Limited	Equity	Electrical Equipment	6.14L	4.3	0.060
Lupin	Equity	Pharmaceuticals & Biotechnology	20.4K	4.1	0.060
Federal Bank	Equity	Banks	1.25L	4	0.060
JSW Energy	Equity	Power	79.6K	3.9	0.060
SBI Cards and Payment Services Limited	Equity	Finance	60.8K	3.5	0.050
Motherson Sumi Systems	Equity	Auto Components	1.97L	3.2	0.050
Dabur India Ltd	Equity	Personal Products	80K	3	0.050
Oil India	Equity	Oil	64.4K	2.9	0.040
Bajaj Finserv Limited	Equity	Finance	16.5K	2.9	0.040
MphasiS	Equity	IT - Software	13.2K	2.8	0.040
Bank of Maharashtra	Equity	Banks	3.45L	2.7	0.040
National Aluminium Co Ltd	Equity	Non - Ferrous Metals	78.8K	2.7	0.040
Tata Consultancy Services	Equity	IT - Software	13.1K	2.7	0.040
ICICI Lombard General Insurance Co	Equity	Insurance	15.9K	2.5	0.040
PG Electroplast Limited	Equity	Consumer Durables	48.5K	2.4	0.040
Avenue Supermarts Limited	Equity	Retailing	6.15K	2.3	0.030
United Spirits	Equity	Beverages	17.2K	2.3	0.030
Cadila Healthcare	Equity	Pharmaceuticals & Biotechnology	19.8K	2.3	0.030
Radico Khaitan Limited	Equity	Beverages	5.25K	2.3	0.030
Nestle India	Equity	Food Products	17K	2.2	0.030
SBI Life Insurance Co Ltd	Equity	Insurance	12.8K	2.2	0.030
Siemens Energy India Limited	Equity	Electrical Equipment	6.3K	2	0.030
Power Grid Corporation of India	Equity	Power	74.1K	1.9	0.030
Ather Energy Limited	Equity	Automobiles	13.5K	1.9	0.030
Sesa Goa	Equity	Diversified Metals	70.2K	1.8	0.030
SUPREME INDUSTIRES LTD	Equity	Industrial Products	5.25K	1.8	0.030
GAIL India	Equity	Gas	88.8K	1.5	0.020
Bajaj Auto	Equity	Automobiles	1.35K	1.5	0.020
One 97 Communications Limited	Equity	Financial Technology (Fintech)	8.7K	1.5	0.020
Jindal Steel and Power Limited	Equity	Ferrous Metals	12.5K	1.4	0.020
Bharat Petroleum Corp Ltd	Equity	Petroleum Products	45.4K	1.4	0.020
Eternal Limited	Equity	Retailing	38.8K	1.2	0.020
Voltas	Equity	Consumer Durables	11.3K	1.2	0.020
Delhivery Limited	Equity	Transport Services	29.1K	1.2	0.020
KEI Industries Limited	Equity	Industrial Products	2.63K	1.2	0.020
Computer Age Management Services Limited	Equity	Capital Markets	17.3K	1.2	0.020
Petronet LNG	Equity	Gas	36.1K	1	0.020
Pidilite Industries	Equity	Chemicals & Petrochemicals	6.5K	0.95	0.010
Solar Industries India	Equity	Chemicals & Petrochemicals	450	0.89	0.010
DLF	Equity	Realty	12.4K	0.83	0.010
Alkem Laboratories Limited	Equity	Pharmaceuticals & Biotechnology	1.5K	0.77	0.010
Suzlon Energy Limited	Equity	Electrical Equipment	1.91L	0.75	0.010
ICICI Prudential Life Insurance Co Ltd	Equity	Insurance	14.8K	0.66	0.010
Bharat Forge	Equity	Auto Components	2.5K	0.48	0.010
Tube Investments of India Ltd	Equity	Auto Components	2K	0.48	0.010
Page Industries	Equity	Textiles & Apparels	100	0.36	0.010
Havells India	Equity	Consumer Durables	3.5K	0.36	0.010
Anand Rathi Wealth Limited	Equity	Capital Markets	1.5K	0.32	0.00
Rail Vikas Nigam Limited	Equity	Construction	15.4K	0.31	0.00
MOTILAL OSWAL FINANCIAL SERVICE LTD	Equity	Capital Markets	1.55K	0.15	0.00
SRF	Equity	Chemicals & Petrochemicals	600	0.15	0.00
CG Power and Industrial Solutions Limited	Equity	Electrical Equipment	850	0.07	0.00
Hindustan Petroleum Corp Ltd	Equity	Petroleum Products	2.03K	0.07	0.00
Colgate Palmolive I Ltd	Equity	Personal Products	275	0.05	0.00

Fig. 4.Every holding in Sept 2026: its shares, market value (₹ crore) and % of NAV. Month end. Source: AMC monthly portfolio disclosures.