Scheme

LIC MF Arbitrage Fund

Holds 33 companies worth ₹205 Cr in Sept 2026.

Fund house
LICThe fund house that runs this scheme.
AUM
₹305 CrLIC MF Arbitrage Fund's AUM at the end of 30 Sept 2026, as AMFI reports it. Down 1.8% on Aug 2026, ₹310 Cr.
Largest holding
HDFC BankHDFC Bank is 8.8% of this scheme's NAV.
Fund manager
Pratik Harish ShroffRuns it since 26 Sept 2023, as the fund house dates it. With Sumit Bhatnagar (fund manager), Sasikant Aravamuthan (fund manager).

Holdings^{(Jan 2021 – Sept 2026)}

Holdings in Sept 2026. Tick up to 2 to plot them.
Plot	33 companies ·	₹ Cr
	HDFC Bank	26.8
	ICICI Bank	22
	Hindalco Industries	20.3
	State Bank of India	19.3
	Reliance Industries	18.2
	Bharti Airtel Limited	15.1
	Tata Steel Limited	15.1
	Axis Bank	9.8
	HDFC Life Insurance Co Ltd	8.4
	Bharat Electronics	7.7
	Jio Financial Services Limited	6.9
	GMR Airport Ltd	6.8
	Mahindra and Mahindra Limited	4.8
	Kotak Mahindra Bank Limited	4.8
	Hindustan Unilever	3.4
	Punjab National Bank	2.4
	NTPC	2.2
	IndusInd Bank	1.9
	Bank of Baroda	1.8
	Container Corporation of India Limited	1.5
	Bharti Infratel	1.2
	JSW Steel	1.1
	Tata Power Co	0.88
	Bharat Heavy Electricals	0.65
	Oil and Natural Gas Corporation Limited	0.61
	Sun Pharmaceutical Ind Ltd	0.45
	Crompton Greaves Cons Electrical Ltd	0.36
	Titan Co Ltd	0.24
	ITC	0.23
	Asian Paints	0.12
	Power Finance Corporation	0.08
	Shriram Finance Limited	0.08
	Larsen and Toubro	0.07

HDFC Bank
ICICI Bank

Market value of each ticked company in LIC MF Arbitrage Fund, ₹ crore. Month end. Source: AMC monthly portfolio disclosures.
Month	HDFC Bank	ICICI Bank
Sept 2025	₹10.2 Cr	₹21.7 Cr
Oct 2025	₹10.5 Cr	₹17.3 Cr
Nov 2025	₹10.8 Cr	₹20.6 Cr
Dec 2025	₹13.5 Cr	₹14.5 Cr
Jan 2026	₹17.8 Cr	₹13.4 Cr
Feb 2026	₹18.1 Cr	₹13.6 Cr
Mar 2026	₹15.2 Cr	₹9.4 Cr
Apr 2026	₹16 Cr	₹9.8 Cr
May 2026	₹15.5 Cr	₹15.7 Cr
Jun 2026	₹14.9 Cr	₹19.9 Cr
Jul 2026	₹27.2 Cr	₹18.8 Cr
Aug 2026	₹26.8 Cr	₹19 Cr
Sept 2026	₹26.8 Cr	₹22 Cr

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

Allocation^{(Sept 2026)}

Market cap

		% of NAV
Large Cap	28	59.02

Mid Cap	3	3.36

Small Cap	1	0.12

Other equity	1	4.94

Cash & others		32.56

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	3.78L	26.8	8.80
ICICI Bank	Equity	Banks	1.67L	22	7.23
Hindalco Industries	Equity	Non - Ferrous Metals	2.16L	20.3	6.66
State Bank of India	Equity	Banks	2.01L	19.3	6.33
Reliance Industries	Equity	Petroleum Products	1.54L	18.2	5.98
Bharti Airtel Limited	Equity	Telecom - Services	86K	15.1	4.96
Tata Steel Limited	Rights	Ferrous Metals	8.17L	15.1	4.94
Axis Bank	Equity	Banks	80K	9.8	3.22
HDFC Life Insurance Co Ltd	Equity	Insurance	1.61L	8.4	2.75
Bharat Electronics	Equity	Aerospace & Defense	1.98L	7.7	2.52
Jio Financial Services Limited	Equity	Finance	3.2L	6.9	2.28
GMR Airport Ltd	Equity	Transport Infrastructure	7.18L	6.8	2.24
Mahindra and Mahindra Limited	Equity	Automobiles	16.4K	4.8	1.59
Kotak Mahindra Bank Limited	Equity	Banks	1.16L	4.8	1.59
Hindustan Unilever	Equity	Diversified FMCG	18K	3.4	1.11
Punjab National Bank	Equity	Banks	2.16L	2.4	0.80
NTPC	Equity	Power	67.5K	2.2	0.72
IndusInd Bank	Equity	Banks	21K	1.9	0.62
Bank of Baroda	Equity	Banks	79K	1.8	0.60
Container Corporation of India Limited	Equity	Transport Services	33.8K	1.5	0.50
Bharti Infratel	Equity	Telecom - Services	32.3K	1.2	0.40
JSW Steel	Equity	Ferrous Metals	8.78K	1.1	0.36
Tata Power Co	Equity	Power	24.7K	0.88	0.29
Bharat Heavy Electricals	Equity	Electrical Equipment	15.8K	0.65	0.21
Oil and Natural Gas Corporation Limited	Equity	Oil	27K	0.61	0.20
Sun Pharmaceutical Ind Ltd	Equity	Pharmaceuticals & Biotechnology	2.45K	0.45	0.15
Crompton Greaves Cons Electrical Ltd	Equity	Consumer Durables	17.2K	0.36	0.12
Titan Co Ltd	Equity	Consumer Durables	525	0.24	0.080
ITC	Equity	Diversified FMCG	8.63K	0.23	0.070
Asian Paints	Equity	Consumer Durables	500	0.12	0.040
Power Finance Corporation	Equity	Finance	2.6K	0.08	0.030
Shriram Finance Limited	Equity	Finance	825	0.08	0.030
Larsen and Toubro	Equity	Construction	175	0.07	0.020

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